1. In the opinion of the management, since no reasonable estimates of probable outflow, on account of present obligations, of the Company can be made, no provision has been made under the stipulations of AS-29 issued by the ICAI.
* BCPL was a partner in the Joint Venture. Because of lack of transparency on the part of the lead partner, BCPL has decided to withdraw from the Venture and write off the capital invested in the firm.
** The write back represents mobilization advance received against which BCPL was unable to start work due to inability of the clients to provide the infrastructure in their scope. The management of BCPL is of the opinion that the transaction has surpassed the period of limitation and future claim, if any from the clients would not be enforceable in law.
*** Dues receivable by BCPL against projects which are old and in the opinion of the management may not be recoverable.
2.
a) The Company has accounted for liability on account of Indirect Taxes to the extent the management considers applicable to the Company.
b) Previous year figures have been regrouped/reclassified wherever necessary to correspond with the current year's classification/disclosure.
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