Spinning A Yarn ?

Discounts and rebates issued to customers not accounted for. Amount not stated.

Revenue expenditure incurred during its plant shut down treated as deferred revenue expenditure, to be amortised over five years. Only Rs 1.6 crore out of a total Rs 10.6 crore written off in 1995-96.

Interest income shown higher by Rs 8.6 crore by changing accounting norms.

Miscellaneous income up to Rs 3.0 crore as sales tax set-off benefit is accounted for on accrual basis, instead of accounting it after completion of sales tax assessment.