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May 2011

Ambuja Cements Ltd. (31-12-2010)

By Himanshu V. Kishnadwala Chartered Accountant
Reading Time 1 mins
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From Notes to Accounts:

During the current year, the Company has estimated provision for slow and non-moving spares based on age of the inventory. Accordingly, the Company has recognised a provision of Rs.61.03 crores as at 31st December, 2010. The provision based on such parameters applied to spares inventory at the beginning of the year amounting to Rs.46.10 crores has been disclosed as an exceptional item in the profit and loss account.

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