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February 2012

Ultratech Cement Ltd. (31-3-2011)

By Himanshu Kishnadwala, Chartered Accountant
Reading Time 1 mins
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From Significant Accounting Policies

Depreciation
Assets not owned by the company are amortised over a period of five years or the period specified in the agreement.

From Fixed Assets Schedule
Fixed assets includes assets costing Rs.238.63 crores (Previous year Rs.150.94 crores) not owned by the company.

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