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THE HUTTI GOLD MINES COMPANY LIMITED

71st Annual Report & Accounts

2016 - 2017

Regd. Office: 3rd Floor, KHB Shopping Complex,

National Games Village, Koramangala,

BANGALORE-560 047

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

THE HUTTI GOLD MINES COMPANY LIMITEDRegd. Office: 3rd Floor, KHB Shopping Complex, National Games Village,

Koramangala, BANGALORE-560 047

Contents

1. Board of Directors ................................................................................................ 1

2. Notice .................................................................................................................... 2

3. Directors’ Report .................................................................................................. 6

4. Independent Auditor’s Report ............................................................................ 33

5. Replies to the Independent Auditor’s Report .................................................... 46

6. Secretarial Audit Report ..................................................................................... 50

7. Accounts for the year 2016-17 ........................................................................ 133

8. Significant Accounting Policies ...................................................................... 134

71st Annual Report & Accounts

2016 - 2017

THE HUTTI GOLD MINES COMPANY LIMITED

1

BOARD OF DIRECTORS

Chairperson : Smt. Rani Satish, Ex-Minister (From 24.11.2014 to 24.08.2016)Chairman : Sri Vinay Kulkarni, Minister of Mines (From 29.09.2016 to 04.11.2016)Chairman : Sri B R Yavagal, Ex-Minister, (From 04.11.2016)

Managing Director : Sri S Ziyaullah, IAS (From 04.01.2016 to 17.08.2016)Sri T H M Kumar, IAS (From 17.08.2016

Regd. Office: 3rd Floor, KHB Shopping Complex, National Games Village,Koramangala, BANGALORE-560 047

AUDITORS:

Statutory Auditors

M/s Nath AssociatesChartered Accountants433/C, 5th Cross, 7th Block WestJayangar,Bangalore – 560 027

DIRECTORS

Sri Nilaya Mitash, IAS(From 27.7.2015 to 15.11.2016)

Sri Ritvik R Panday, IAS(From 14.08.2017)

Sri S S Pattanashetti, IAS(From 05.01.2016 to 01.03.2017)

Sri Sasikanth Senthill, IAS(From 24.01.2017)

Sri C K Ashok Kumar(From 06.05.2016)

Sri Tushar Giri Nath, IAS(From 31.08.2015)

Sri Naveen Raj Singh, IAS(from 13.01.2015 to 01.06.2017)

Smt P Hemalatha, IAS(From 01.06.2017 to 10.10.2017

Smt. L Rajeshwari(From 16.02.2015)

Sri P Nagaraju(From 06.05.2016)

Cost Auditors

M/s PKR & Associates LLPCost AccountantsPlot No.80/A, Flat No.402, 4thFloorSri Nivasam, Western Hills,Prashanthi Nagar RoadOpp: JNTU, Kukatapally,Hyderabad-500 085

Secretarial Auditors

M/s TSDJ & AssociatesCompany Secretaries,No.158-35/3, 3rd Main,Industrial Town,RajajinagarBangalore – 560 044

State Bank of HyderabadBangalore & Hutti

Axis Bank Ltd.Bangalore

BANKERS:Syndicate BankBangalore, Hutti Chitradurga

Pragati Krishna Gramina BankHutti

State Bank of IndiaRaichur

Sri Arvind Shrivastava, IAS(From 13.6.2013 to 14.08.2017))

Sri Rajender Kumar Kataria, IAS(From 01.03.2017)

Sri N Jayaram, IAS(From 10.10.2017)

Sri H Sampath Kumar(From 06.05.2016)

Sri Syed Hasarathulla(From 06.05.2016)

THE HUTTI GOLD MINES COMPANY LIMITED

2

Notice of Annual General Meeting

To the Members of

The Hutti Gold Mines Company Limited

NOTICE is hereby given that the SEVENTY FIRST Annual General Meeting of the Members of The Hutti

Gold Mines Company Limited will be held on, Thursday the 28th December, 2017 at 3:00 PM, at the

Registered Office of the Company, namely, 3rd Floor, KHB Shopping Complex, National Games Village,

Koramangala, Bangalore-560 047, to transact the following business:

ORDINARY BUSINESS

1. To receive, consider and adopt the Audited Balance Sheet as at 31st March, 2017, and the Profit & Loss

Account for the year ended on 31st March 2017, together with the Report of the Board of Directors and

Statutory Auditors and the Comments of the Comptroller & Auditor General of India and to pass the

following resolution with or without modification as an Ordinary Resolution.

"RESOLVED that the audited Profit & Loss Account for financial year 2016-17, the Balance Sheet as

at 31.03.2017 and annexures thereto, the Cash Flow Statement for the year ended 31st March, 2017, the

Reports of Auditors and Directors thereon be and are hereby received, approved and adopted."

2. To declare dividend for the year ended 31st March, 2017 and to pass the following resolution with or

without modification as an Ordinary Resolution:

"RESOLVED that pursuant to the recommendation of the Directors, dividend at the rate of Rs.100/- per

share out of the current profits of the Company for the year ended 31st March, 2017 on 296203-5/7 Equity

Shares of the Company, be and is hereby declared and that the same be paid to those Members whose

names appear on the Company's Register of Members as on Record Date of 20th December, 2017, in

proportion to the amount paid up thereon."

3. To note the appointment of Auditors of the Company and to fix their remuneration and, to pass the

following resolution with or without modification as Ordinary Resolution:

"RESOLVED that, pursuant to the provisions of Section 139 of the Companies Act, 2013, M/s Nath

Associates, Chartered Accountants, Bangalore appointed by Comptroller and Auditor General of India be

and are hereby appointed as Auditors of the Company for FY 2017-18 to hold office from the conclusion

of this meeting until the conclusion of the Seventy Second Annual General Meeting of the Company and

further resolved to pay remuneration of Rs.1,25,000/- plus taxes and out of pocket expenses as in the last

year.

THE HUTTI GOLD MINES COMPANY LIMITED(A Govt. of Karnataka Undertaking)

Regd. Office : No 3rd Floor, KHB Shopping Complex, NationalGamesVillage, Koramangala, BANGALORE-560 047Phone: 25705723/25705724/25705725/ Fax: 25718365 Email :[email protected] website: huttigold.co.in

CIN NO. U85110KA1947SGC001321

THE HUTTI GOLD MINES COMPANY LIMITED

3

"FURTHER RESOLVED THAT, the appointment of the Cost Auditors M/s PKR & Associate LLP,

Cost Accountants, Bangalore for FY 2016-17 made by the Board of Directors, pursuant to Section 148

of the Companies Act, 2013 for both Gold and Wind Mill units, on a remuneration of Rs.90,000/- +

applicable taxes be and is hereby ratified".

"FURTHER RESOLVED THAT, the appointment of the Cost Auditors M/s N S Associates, Cost

Accountants, Bangalore for FY 2017-18 made by the Board of Directors, pursuant to Section 148 of the

Companies Act, 2013 for both Gold and Wind Mill units, on a remuneration of Rs.90,000/- (inclusive of

taxes) be and is hereby approved".

By Order of the BoardBengaluru Sd/-Dated: 30th November, 2017 (T H M Kumar, IAS)

Managing Director

Notes forming part of Notice

1. PROXY:

A Member entitled to attend and vote at the Annual General Meeting of the Company is entitled to appoint

a Proxy to attend and vote instead of himself / herself and the Proxy need not be a Member.

A person can act as proxy on behalf of Members not exceeding 50 (fifty) and holding in the aggregate not

more than 10 (ten) percent of the total share capital of the Company carrying voting rights. A member

holding more than 10 (ten) percent of the total share capital of the Company carrying voting rights may

appoint a single person as Proxy and same person shall not act as Proxy for any other person or shareholder.

The instrument appointing the Proxy, duly completed and signed, must be deposited at the Registered

Office of the Company not less than 48 hours before the commencement of the Meeting. A Proxy does not

have the right to speak at the meeting and can vote only on a poll.

2. BOOK CLOSURE: The Register of Members of the Company will remain closed from 21st December,

2017 to 27th December, 2017, both days inclusive, to determine the Members entitled to receive dividend

which will be declared at the Annual General Meeting.

3. RECORD DATE has been fixed as 20th December, 2017, to determine the Members entitled to vote on

the resolutions mentioned in this Notice and for payment of dividend to be declared in this meeting.

4. DIVIDEND: Dividend to be declared at this meeting, will subject to the provisions of section 126 of the

Companies Act, 2013, be deposited with the Bank within 1st January, 2018, and dividend will be paid on

or after 5th January, 2018 to those Members whose names appear on the Register of Members on Record

THE HUTTI GOLD MINES COMPANY LIMITED

4

Date of 20th December, 2017. Payment of dividend will be rounded off pursuant to the provisions of

Section 288B of the Income Tax Act, 1961. Dividend Tax will be paid by the Company pursuant to section

115O of the Income Tax Act, 1961.

5. UNCLAIMED DIVIDEND: Details of dividend unclaimed by Members for the past years which have

not yet been transferred to the Central Government have been uploaded on the Company's website

www.huttigold.co.in. Members are encouraged to view the list and lodge their claim for payment of

unclaimed dividend. Dividend for the year ended 2010, which was declared at the Annual General Meeting

held on 23.9.2010 and remaining unclaimed will be transferred to the Investor Education and Protection

Fund pursuant to the provisions of section 124 of the Companies Act, 2013. Thereafter no claim shall lie

on this dividend from the Members.

6. WEBSITE: The Company's website is www.huttigold.co.in.Annual Reports of the Company, unclaimed

dividend list, standard downloadable forms and other Shareholder communication will be made available

on the Company's website.

7. CORPORATE REPRESENTATION: A Corporate Member shall be deemed to be personally present

only if it is represented in accordance with Section 113 of the Companies Act, 2013 i.e. only if the Corporate

Member sends a certified true copy of the resolution passed by the Board of Directors of the Company or

a Power of Attorney authorizing the Representative to attend and vote at the meeting on behalf of the

Corporate Member.

8. OTHER INFORMATION

a. The voting rights of the members shall be in proportion to their share of paid up equity share capital

of the company as on Record Date.

b. Members are requested to bring their copy of the Annual Report and attendance slip duly completedand signed for the meeting.

c. Members seeking clarification on the Annual Report are requested to send in written queries to theCompany atleast one week before the date of the meeting i.e. on or before 21st December, 2017.

d. A member desirous of appointing a proxy to attend the Annual General Meeting may furnish the namein the prescribed proxy format (MGT-11) sent herewith separately.

e. The company has designated its email ID called [email protected] for redressal of shareholders/investors complaints/grievances. In case you have any queries/complaints or grievances, then pleasewrite to us at this e-mail address.

f. In terms of Sec 101 & 136 of Companies Act, 2013, the members are required to register their e-mail

address/ID with the Company so as to serve the annual reports and other communications through

electronic mode.

g. Members are requested to quote their folio number in all correspondences.

THE HUTTI GOLD MINES COMPANY LIMITED

5

h. Members are requested to notify immediately any change of their addresses and bank particulars to

the Company.

i. Members are requested to note that no gift/coupons will be distributed at the meeting.

j. The Register of Directors and Key management personnel and their shareholding, maintained under

Section 170 of the Companies Act, 2013, will be available for inspection at the AGM and will be made

accessible to any person attending the meeting.

k. The Register of Contracts or Arrangements in which Directors are interested, maintained under

Section 189 of the Companies Act, 2013, will be available at the AGM and will remain open and

accessible during the continuance of the meeting to any member having the right to attend the meeting.

l. All the documents referred to in the accompanying notice are open for inspection at the Registered

Office of the Company till the date of AGM.

m. During the period beginning 24 hours before the time fixed for the commencement of the meeting and

ending with the conclusion of the meeting, a member would be entitled to inspect the proxies lodged

with the Company, at any time during the business hours of the Company, provided that not less than

three days’ notice in writing of the intention to inspect is given to the Company.

THE HUTTI GOLD MINES COMPANY LIMITED

6

DIRECTORS REPORT TO THE MEMBERS

Dear Members,

Your Directors have immense pleasure in presenting the 71st Annual Report together with the Audited Statements

of Accounts of the Company for the year ended 31st March 2017.

CORPORATE VISION & MISSION:

• Corporate vision - to become one of the most vibrant, self-reliant mining giant.

• Corporate mission - to improve productivity and profitability and ensure steady growth & developmentto provide long term stability; provide safe & healthy mining environment; promote harmonious andcordial industrial relationship to promote Human Resource Development; promote welfare and community

development in and around Hutti; introduction of modern and effective management control systems.

Performance highlights:

Particulars FY FY Remarks

2015-16 2016-17

I. Quantitative parameters

1) Production

a) Ore Treated (MT) 548247 569087 increase of 3.8% in ore treatment

b) Gold Production (kgs) 1309.77 1579.72 due to higher recovery grade

c) Net recovery grade recovery grade is more than the break

(Gms/MT) 2.39 2.78 even grade of 2.71 gm/mt

d) Wind Power generated based on wind velocity (increase of

(lakh KWH) 214.34 277.28 30%)

2) Sales

a) Sale of gold (kgs) 1413.75 1400.34 marginal decrease of 1% in sales quantity.

The sales are being effected based on the

fund requirements

b) Sale of Wind Power

(lakh KWH) 214.34 277.28 as per PPA with BESCOM

THE HUTTI GOLD MINES COMPANY LIMITED

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II. Financial parameters

A. Income1) Revenue from operations ` in lakhs

(i) Sale of gold increase of 11%. This is mainly due to

(inclusive of ED) 37257.83 41529.14 increase in average selling price by

Rs.330/gm i.e. increase from Rs.2635/gm

in the previous year to Rs.2965/gm

during the year.

(ii) Sale of Wind Power 728.76 942.74 sale to BESCOM as per PPA @ Rs.3.40/kwh.

The cost of generation was Rs.1.86/kwh

compared to Rs.2.59/kwh in the previous

year.

Total 37986.59 42471.88

2) Other Income

(i) Income from investments mainly due to reduction in bank interest

(FDs) 5587.90 4750.77 rates on deposits. Deposits as on

31.03.2017 were Rs.540.00 cr.

(ii) Sale of Scrap etc. 99.27 71.89 normal activity

(iii) Other non-operating income 249.78 528.93 increase is mainly due to VAT refund

of Rs.271.08 lakhs

Total 5936.95 5351.59

Total Income 43923.54 47823.47 increase of 8.8%

B. Expenditure

(i) Materials consumed 4775.59 4749.19 marginal decrease of 1/2 % in consumption

(ii) Employee Benefit expenses 19827.14 23143.85 reasons for increase

a) Payment of interim Relief - Rs.11.50 cr

b) Increase in PLIB - Rs. 3.00 cr

c) Officers salary revision - Rs. 4.50 cr

d) Increase in IDA and other

benefits & statutory payments- Rs.14.00 cr

THE HUTTI GOLD MINES COMPANY LIMITED

8

(iii) Power & Fuel 4424.11 4650.46 a) average increase in rate was

Rs.0.48/- unit.

b) but the total units consumed decreased

from 672.34 lakh units to 665.83 units.

(iv) Royalty 1888.78 2513.97 increase is due to increase in extraction of

gold

a) Royalty @ 4%

b) DMF @ 30% of royalty

c) NMET @ 2% of Royalty

(v) Mining Expenses 3376.53 3730.67 (a) addition of South Hutti and Grey shaft

development work Rs.978.39 lakhs.

(b) replacement cost of Transformer by

GESCOM of Rs.365.72 lakhs

(c) reduction in R&M, Drilling & Main reef

expenses by Rs.985.00 lakhs

(vi) Other Administrative and (a) Previous year interest provision on land

Misc. Expenses 1247.20 827.24 acquisition case was Rs.290 lakhs, whereas

for current year it is Rs.60 lakhs

(b) Reduction in advertisement expenses is

Rs.70 lakhs

(vii) Depreciation and

amortisation and

prior period adjustments 2733.61 2805.36 marginal increase due to addition to assets

(viii) Donations 516.75 222.65

(ix) CSR 323.71 36.67

Total Expenditure 39113.42 42680.06 the cost of extraction of gold is Rs.2870/ gm

compared to Rs.3115/gm in the previous year

C. Profit Before Tax 1247.64 4169.31 increase of 234%

Provision for tax 568.51 1012.45

D. Profit After Tax 679.13 3156.86 increase of 365%

THE HUTTI GOLD MINES COMPANY LIMITED

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E. Earnings per share (Rs.) 229.28 1065.77 on account of increase in profit

F. Bookvalue per share (Rs) 36773.00 37730.80

G. Segment wise profitability the profit from gold division on production

of 1579.72 kgs works out to Rs.15.00 cr

(i) Gold (Rs./gm) (-)480.00 95.00 for the year, but this profit is not entirely

(ii) Wind (Rs./kwh) 0.81 1.54 reflected in the accounts on a/c of

inventory changes. Profit from wind

division was Rs.4.27 cr.

H. Transfer to Reserves (net) 632.76 73412.35 includes transfer to General reserve @ 10%

of profit and revaluation and other reserves.

Dividend

Your Board of Directors have recommended a dividend at the rate of 100 per cent on paid up equity capital,

amounting to Rs.296.20 lakhs, subject to approval of the members at the Annual General Meeting. The dividend

lying unclaimed for a period of seven years is required to be transferred to the Investor Education and Protection

Fund as per the provisions of section of 124 of Companies Act, 2013. As on 31st March, 2017, Unclaimed

Dividend amounting to Rs.9.40 Lakhs has not been claimed and the same will be remitted to the Central

Government on the respective due dates.

Directors and Key Managerial Personnel

During the year, the following changes have been effected in respect of the Directors:

Sl. No. Name Date of Date of Nature ofAppointment Cessation appointment

1. Smt. Rani Satish, Ex-Minister 24.11.2014 24.08.2016 Chairperson

2. Sri Vinay Kulkarni,

Minister of Mines & Geology 29.09.2016 04.11.2016 Chairman

3. Sri B R Yavagal, Ex-Minister 04.11.2016 - Chairman

4. Sri S Ziyaullah, IAS 04.01.2016 17.08.2016 Managing Director

5. Sri T H M Kumar, IAS 17.08.2016 - Managing Director

THE HUTTI GOLD MINES COMPANY LIMITED

10

6. Sri Tushar Giri Nath, IAS 31.08.2015 - Director

7. Sri Nilaya Mitash, IAS 27.07.2015 15.11.2016 Director

8. Sri S S Pattanashetti, IAS 05.01.2016 01.03.2017 Director

9. Sri Rajender Kumar Kataria, IAS 01.03.2017 - Director

10. Sri Arvind Shrivastava, IAS 13.06.2013 14.08.2017 Director

11. Sri Ritvik R Panday, IAS 14.08.2017 - Director

12. Sri Naveen Raj Singh, IAS 13.01.2015 01.06.2017 Director

13. Smt P Hemalatha, IAS 01.06.2017 10.10.2017 Director

14. Sri N Jayaram, IAS 10.10.2017 - Director

15. Sri S Sasikanth Senthill, IAS 24.01.2017 - Director

16. Smt L Rajeshwari 16.02.2015 - Director

17. Sri C K Ashok Kumar 06.05.2016 - Director

18. Sri P Nagaraju 06.05.2016 - Director

19. Sri H Sampath Kumar 06.05.2016 - Director

20. Sri Syed Hasarathulla 06.05.2016 - Director

The above list also includes the changes made by the Govt. during FY 2017-18, till the date of this Directors’

report to the members.

In addition to the above, the Company has four key managerial personnel consisting of Sri A R Walmiki,

Executive Director, Sri N M Hunchyali, Executive Director (Corp. Affairs), Dr. Prabhakar Sangurmath, General

Manager (Co-ord) and Sri Prakash, General Manager (Mining).

THE HUTTI GOLD MINES COMPANY LIMITED

11

Disclosures

a) Audit Committee

During the year, the Audit Committee consisted of three Directors as under:

1) Sri Arvind Shrivatava, IAS - Chairman

2) Sri T H M Kumar, IAS - Member

3) Sri Naveen Raj Singh, IAS - Member

The Board has re-constituted the Audit Committee during FY 2017-18 and till date of this report as under.

1) Sri Ritvik R Panday, IAS - Chairman

2) Sri T H M Kumar, IAS - Member

3) Sri C K Ashok Kumar, - Member

The Committee will meet periodically to transact business in terms of business referred by the Board as per

the provisions of Section 177 of Companies Act, 2013.

b) CSR Committee

During the year, the CSR Committee consisted of four Directors as under:

1) Sri T H M Kumar, IAS - Chairman

2) Sri Naveen Raj Singh, IAS - Member

3) Sri S S Pattanashetti, IAS - Member

4) Smt L Rajeshwari - Member

The Board has re-constituted the CSR Committee during FY 2017-18 and till date of this report as under:

1) Sri T H M Kumar, IAS - Chairman

2) Sri H. Sampath Kumar - Member

3) Smt L Rajeshwari - Member

The Committee has formulated and recommended to Board, a CSR policy indicating the activities to be undertaken

by the Company which have been approved by the Board. The policy may be accessed on Company’s website

www.huttigold.co.in. During the year, the Company has earmarked Rs.170.00 lakhs towards CSR activities,

representing 2% of the average profits of previous three years of Rs.7993.45 lakhs as per the provisions of

Section 135 of the Companies Act, 2013. The annual report on CSR activities is annexed herewith as

Annexure-I.

THE HUTTI GOLD MINES COMPANY LIMITED

12

c) Board Meetings

The Board of Directors met 6 times during this financial year.

d) Particulars of loans given, investments made, guarantees given and securities provided - Nil during

the year.

e) Energy conservation, technology absorption and foreign exchange earnings and outgo:

The particulars relating to Energy conservation, technology absorption and foreign exchange earnings and

outgo as required to be disclosed under the Act are provided in Annexure-II to this report.

f) Extract of Annual Return

As required pursuant to section 92 of the Companies Act, 2013, an extract of annual return is annexed as

part of this Report as Annexure-III.

g) Particulars of employees and related disclosures

None of the employees of the Company are covered for required disclosures in terms of Section 197 of the

Companies Act, 2013 and rules thereunder.

h) Corporate Governance

As the shares of the Company are unlisted, the standards on Corporate Governance as set out by SEBI, are

not applicable. Similarly, business responsibility statement and management discussion and analysis reports

are also not applicable.

i) Consolidated Financial Statement

As the Company has no subsidiaries, joint ventures and associate companies, the relevant provisions of the

Companies Act read with related Accounting Standards are not applicable.

j) Vigil Mechanism

The vigilance mechanism policy is in force in the Company.

k) Other General Disclosures

Your directors state that no disclosure or reporting is required in respect of the following items as there

were no transactions on these items during the year under review:

1. Details relating to fixed deposits covered under Chapter V of the Act.

2. Issue of equity shares with differential rights as to dividend, voting or otherwise.

3. Issue of shares (including sweat equity shares) to employees of the Company.

THE HUTTI GOLD MINES COMPANY LIMITED

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4. No significant or material orders were passed by the Regulators or Courts or Tribunals which impactthe going concern status and Company’s operations in future.

5. During the year under review, there were no cases filed pursuant to the Sexual Harassment of Womenat Workplace (Prevention, Prohibition and Redressal) Act, 2013.

6. There are no offences of fraud reported by the Auditor/s during the year.

7. There are no related party transactions during the year in terms of Section 188 of the Companies Act,2013.

8. There are no material changes or commitments affecting the financial position of the Company betweenthe end of the financial year to the date of this report.

9. The company is looking to improve its vendor base under MSME category in the procurement ofgoods and services. The details required to be furnished in terms of Micro, Small and MediumEnterprises Development Act, 2006 (MSMED) will be furnished at appropriate time.

Directors’ Responsibility Statement:

In compliance of Section 134 (5) of Companies Act, 2013, the Directors state that:

(a) in the preparation of the annual accounts, the applicable accounting standards had been followed alongwith proper explanation relating to material departures;

(b) the directors had selected such accounting policies and applied them consistently and made judgments andestimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of theCompany at the end of the financial year and of the profit and loss of the Company for that period;

(c) the directors had taken proper and sufficient care for the maintenance of adequate accounting records inaccordance with the provisions of this Act for safeguarding the assets of the Company and for preventingand detecting fraud and other irregularities;

(d) the directors had prepared the annual accounts on a ‘going concern’ basis.

(e) the directors have laid down internal financial controls to be followed by the Company and that suchinternal financial controls are adequate and are operating effectively.

(f) the directors have devised proper systems to ensure compliance with the provisions of all applicable laws

and that such systems are adequate and operating effectively.

Auditors

(i) Statutory Audit

Your Company being a Government Company, the Statutory Auditors to audit the accounts of the Company

are appointed by the Comptroller and Auditor General of India under Section 139 of the Companies Act, 2013.

THE HUTTI GOLD MINES COMPANY LIMITED

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Accordingly, M/s Nath Associates., Bangalore were appointed as the Statutory Auditors for the FY 2016-

17. The Auditors Report for the year ended 31.03.2017 is annexed herewith as Annexure-IV.

(ii) Supplementary Audit

The Accountant General of Karnataka has conducted Supplementary Audit on the accounts of the Company

for the year ended 31.03.2017 as per the provisions of Section 143 (6) (b) of the Companies Act, 2013.

The report of the CAG is annexed as Annexure-V forming part of this report.

(iii) Secretarial Audit

As per the provisions of Section, 204, of the Companies Act, 2013, the Board has appointed M/s TSDJ &

Associates as Secretarial Auditors for FY 2016-17. The Secretarial Auditors report for FY 2016-17 is

annexed to this Report as Annexure-VI.

(iv) Cost Audit

The Board has appointed M/s PKR and Associates LLP, Bangalore, Cost Accountants as Cost Auditors as

per the provisions of Section 148 of the Companies Act, 2013. The Cost Auditor Report for the year ended

March 31st, 2017, will be filed with MCA in due course in terms of the Companies (Cost Records &

Audit) Amendment Rules, 2014.

(v) Internal Audit

The Internal Auditors M/s P K Subramanian and Co., Chartered Accountants, Bengaluru have undertaken

internal audit as per the provisions of Section 138 of Companies Act, 2013 at periodical intervals and the

same were reviewed at the level of Audit Committee and the Board from time to time.

Adequacy of Internal Financial Controls

The Company has in place adequate internal Financial Controls with reference to financial statements and the

same were adequate and operating effectively.

Presentation of financial statements

The financial statements of the Company for the year ended 31st March, 2017 have been prepared in accordance

with Indian Accounting Standards (Ind AS) on going concern basis under the historical cost convention on the

accrual basis of accounting and the relevant provisions prescribed in the Companies Act, 2013, besides the

pronouncements/guidelines of the Institute of Chartered Accountants of India. The Ind AS are prescribed under

THE HUTTI GOLD MINES COMPANY LIMITED

15

Section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and

Companies (Indian Accounting Standards) Amendment Rules, 2016. The Cash flow statement for FY 2016-17

is attached forming part of the Balance Sheet.

Secretarial standards of ICSI

Pursuant to the approval from the Ministry of Corporate Affairs, the Institute of Company Secretaries of India

(ICSI) has notified the Secretarial Standards on both the Meetings of the Board of Directors and the General

Meetings to be effective from 1st July, 2015. The Company is complying with the same.

Declaration on meeting the criteria of Independence as per the Companies Act, 2013

The Company has requested the Govt. to appoint independent Directors and the reply is awaited. The provisions

of section 149 of the Companies Act, 2013, will be compiled with in due course of time.

Company’s Policy on Directors Appointment and Remuneration

All Directors are appointed by Govt. of Karnataka.

Formal Annual Evaluation of Board.

All the Directors are appointed by Govt. of Karnataka.

Business Responsibility Report

As the shares of the Company are unlisted the compliance to Regulation 34 of SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015, is not applicable for the Company.

Risk Management Policy

The mining operations particularly in underground areas are considered one of the most hazardous activities.

The management has formulated safety management plan to ensure safety of men and equipment as per the

guidelines issued by the Directorate of Mines Safety. The Tripartite meeting between the management, union

and Director General of Mines Safety is held every year, where, amongst others, safety measures are discussed

and remedial measures introduced immediately thereafter. It is proposed to integrate the output parameters on

existing incidents monitoring system. Periodical consultation are made with Employees and Union in the matters

relating to safety, health and safe handling/use of explosives and chemicals and other substances, besides adequate

trainings being conducted in the matter of maintaining safe and healthy working conditions in HGML.

THE HUTTI GOLD MINES COMPANY LIMITED

16

Manpower:

The total manpower as on 31.03.2017 is 4112. The break-up of employees on 31.03.2017 is given below:-

Particulars Total SC Percent ST Percent

Officers 182 30 16.48% 13 7.41%

Ministerial 200 51 25.50% 10 5.00%

Supervisory 469 111 23.86% 30 6.39%

Others 3261 820 25.14% 489 14.99%

Total 4112 1012 24.61% 542 13.18%

Right to Information Act (RTI)

As a Government Undertaking, your Company has taken necessary action to comply with provisions of Right

to Information Act (RTI) 2005. During the year under report, your Company received 359 applications and 322

applications have been disposed off and 37 were pending as on 31.03.2017.

Projects under Implementation

Sl.No. Projects Cost Estimates

(Rs. in cr.)

1. Construction of New Circular Shaft at Hutti 235.00

2. Mine Construction & Exploratory Mine Development at South

Hutti and Main Reef at Hutti Mine 99.11

3. 2 Nos. of 50 TPH Ball Mills at Hutti 57.47

4. Underground Mine Development at Uti Mine 61.33

5. 14 MW Solar Power Plant at Hutti 77.00

6. 3 MT capacity Gold Refinery Unit 1.50

THE HUTTI GOLD MINES COMPANY LIMITED

17

Environment Management Policy

The Company follows integration of environmental, social and economic considerations into decision – making

and management, consistent with the objectives of sustainable development as under;

• Compliance with all statutory requirements.

• Continually improving environmental excellence with safer working environment.

• Openness, transparency, and improved accountability through environmental performance by engaging

with the community.

Chitradurga Gold Unit:

The Government had leased 38.04 Hects. of land to the Company for mining operations at Ajjanahalli, Tumkur

District. The Company started its mining operations in 1995, but the same was stopped in 2002 as the operations

were not viable due to uneconomical and un-oxidised grade of gold ore in this area. However, it is proposed to

revive the operations, if found viable, after processing the existing stock of 2,64,000 MTs of low grade gold ore

lying at Ajjanahalli, 75 kms away from Ingaldhal. Accordingly, the Company is pursuing various clearances

both at the State and Central Governments.

Renewal of Leases

a) RP to PL areas :

There are 7 applications with 2044 Ha of land which are at various stages for approval at Govt. level.

b) Deemed extension areas (as per MM (D&R) Act, 2015 :

There are 8 mining applications with 1466.22 Ha of land which are at final stages for approval at Govt.

level.

c) Reservation areas under MM (D & R) Act, 2015, section 17A (2A)

The Company has identified 17 areas with 7859.80 Ha of land and the reservation of the same are under

process of approval at level of Govt.

Responsibilities

The day-to-day affairs of the Company are vested with the Board of Directors. The Managing Director is the

Chief Executive Officer (CEO) of the Company, who is assisted by other Senior Officers in managing the day-

to-day affairs. All the major policy decisions are taken with the approval of the Board. Your Board of Directors

THE HUTTI GOLD MINES COMPANY LIMITED

18

are required to comply with the directives and other instructions issued by Government of Karnataka and

Shareholders from time to time. Your Board of Directors represent the interests of the Company, the Government

of Karnataka and the Shareholders, in optimizing long term value by formulating policies, plans, long term

strategies, guidance, advice and timely implementation of plans. The composition of Board is a mixture of

management, administration, financial and technical expertise.

Future Outlook

India is the second largest consumers of gold next only to China. The production of gold by HGML will meet

just ½ % of gold demand in India. There is a huge scope of opening up of gold sector in India. The Company

in addition to its exclusively mining facilities has identified 14 blocks of 16109 hect. in Hutti-Muski Schist Belt

which has potential of gold reserves in the ore of about 30 mts. The proposal in this regard is at various stages

of approvals at Govt. level.

But, the gold prices in India are dependent on the ruling international gold prices and vary based on changes in

the global economic factors. As the production of gold by HGML is very minimal compared to a total demand

and supply position of gold, the external factors will affect its operations only in case of substantial fall in gold

prices from the present level. Your Company has a regular review of movement in gold prices and will take

suitable/needful actions to sustain its operations including cost reduction measures, in case of adverse movements

in the market. The Govt. of India has proposed gold monetisation scheme and issue of gold bonds so as to

reduce imports on gold which has consequent impact on the Current Account Deficit of the Government. The

deposit of part of the stock of the gold under Gold Monetisation Scheme is under active consideration of the

Company.

Acknowledgement

Your Directors are grateful to the Government of India (including Ministries of Mines, Environment and Labour),

Government of Karnataka, Karnataka State Pollution Control Board, Director General of Mines Safety,

Comptroller and Auditor General of India, Statutory Auditors, Internal Auditors, Legal Advisors, Consultants,

Bankers, Insurers, Shareholders, Customers, Suppliers and all others associated with the Company for their

continued valuable guidance, advice, co-operation and timely support. Your Directors also wish to place on

record their appreciation for the un-stinted co-operation and support extended by all the employees and officers

in achieving the performance of your Company during the year.

BengaluruDate: 30.11.2017

For and on behalf of the Board

sd/-

(B R Yavagal)Chairman

THE HUTTI GOLD MINES COMPANY LIMITED

19

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THE HUTTI GOLD MINES COMPANY LIMITED

20

ANNEXURE – II TO DIRECTORS’ REPORT

Particulars of Energy Conservation, Technology Absorption and Foreign Exchange Earnings and Outgorequired under the Companies (Accounts) Rules, 2014

A. Conservation of energy:

1) The steps taken on conservation of energy,

a) The process of replacing energy efficient motors continued during the year.

b) Phase wise replacement of conventional lights with LED lights in colony and quarters.

c) The bio-diesel plant processed 90 tonnes of seeds and produced 16500 litres of bio-diesel.

2) Utilising alternate source of energy:

a. The proposal to utilize the power generated through Wind Mills for captive consumption is before theKERC.

b. The tender process for the project for installing 14 MW solar PV plant at Hutti is in final stage.

c. The company continued using bio-gas plant and reduced its dependency on LPG.

d. The company used 2500 litres of bio-diesel for its vehicles.

3) Capital investments on energy conservation:

Sl.No Particulars Amount

I. Bio-diesel plant commissioned Estimated savings `21.96 lakhs

II. Proposal to commission 14 MW solar PV project at Hutti. Estimated cost `7700 lakhs

III. Proposed to replace old lights with LED fluorescent Estimated Cost `20.00 lakhs

IV. Proposal to conduct energy audit Estimated cost `17.25 lakhs

V. Proposal to engage consultants for studying windpotential at UTI & Heera-Buddinni mines & repowering Estimated cost `35.70 lakhsat Chitradurga.

B. Technology Absorption:

The Company is executing a new circular shaft at Hutti at an estimated cost of `23500 Lakhs. During theyear Plant & Machineries with inbuilt technology costing `9273 lakhs imported and they are under com-missioning.

C. Foreign exchange Earnings and Outgo-

1) Earnings – Nil

2) Outgoes – Nil

THE HUTTI GOLD MINES COMPANY LIMITED

21

ANNEXURE III TO DIRECTORS’ REPORT

Form No. MGT-9

EXTRACT OF ANNUAL RETURN

as on the financial year ended on 31st March, 2017

[Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies

(Management and Administration) Rules, 2014]

I. REGISTRATION AND OTHER DETAILS:

i) CIN: U85110KA1947SGC001321

Foreign Company Registration Number/GLN: N.A.

ii) Registration Date 8th July, 1947

iii) Name of the Company: The Hutti Gold Mines Co Ltd

iv) Category of the Company: - [Pl. tick]

1. Public Company (�)

2. Private company ( )

Sub Category of the Company:- [ Please tick whichever are applicable]

1. Government Company (�)

2. Small Company ( )

3. One Person Company ( )

4. Subsidiary of Foreign Company ( )

5. NBFC ( )

6. Guarantee Company ( )

7. Limited by shares ( )

8. Unlimited Company ( )

9. Company having share capital ( )

10. Company not having share capital ( )

11. Company Registered under Section 8 ( )

THE HUTTI GOLD MINES COMPANY LIMITED

22

v) REGISTERED OFFICE ADDRESS AND CONTACT DETAILS:

Address 3rd Floor, KHB Shopping Complex, National Games Village,Town / City Koramangala,

Bangalore

State KarnatakaPin Code 560 047

Country Name IndiaCountry Code 91

Telephone (080) 2570 5723With STD Area Code Number

Fax Number (080) 2571 8365Area Code Number

Email Address [email protected], if any www.huttigold.co.in

vi) Whether shares listed on recognized Stock Exchange(s) - No

If yes, details of stock exchanges where shares are listed ……

Sl. No. Stock Exchange Name Stock Exchange Code

N.A. N.A.

vii) Name, Address and contact details of Registrar & Transfer Agents (RTA), if any:

Name of Registrar &Transfer Agents

AddressTown / City

StatePin Code

Country NameCountry Code

TelephoneWith STD

Fax Number

Email AddressWebsite, if any

N.A

THE HUTTI GOLD MINES COMPANY LIMITED

23

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

All the business activities contributing 10 % or more of the total turnover of the company shall be stated:-

Sl. No. Name and Description of main NIC Code of the % to total turnoverproducts / services Product/ service of the Company

1 Extraction of Gold & Silver 07295 ______

2

3

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES

Sl. Name and Address CIN/GLN Holding/ % of shares ApplicableNo. of the Company Subsidiary/ held Section

Associate

1

2--- NIL ------

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)

i) Category-wise Share Holding

Category of No. of Shares held at the No. of Shares held at the end of the %Shareholders beginning of the year year Change

duringthe year

Demat Physical Total % of Demat Physical Total % ofTotal TotalShares Shares

A. Promoters

(1) Indian

a) Individual /HUF

b) Central Govt - - - - - - - - -

c) State Govt (s) - 220.18 220.18 74.34 - 220.18 220.18 74.34 Nil

d) Bodies Corp. - 72.50 72.50 24.47 - 72.50 72.50 24.47 Nil

e) Banks / FI - - - - - - - - -

f) Any Other - - - - - - - - -Private Invdls

Sub-total (A) (1) - 292.68 292.68 98.81 - 292.68 292.68 98.81 Nil

THE HUTTI GOLD MINES COMPANY LIMITED

24

(2) Foreign - - - - - - - - -

a) NRIs -Individuals - - - - - - - - -

b) Other –Individuals - - - - - - - - -

c) Bodies Corp. - - - - - - - - -

d) Banks / FI - - - - - - - - -

e) Any Other…. - - - - - - - - -

Sub-total (A) (2) - 292.68 292.68 98.81 - 292.68 292.68 98.81 Nil

Totalshareholding ofPromoter (A) =(A)(1)+(A)(2) - 292.68 292.68 98.81 - 292.68 292.68 98.81 Nil

B. PublicShareholding - - - - - - - - -

1. Institutions - - - - - - - - -

a) Mutual Funds - - - - - - - - -

b) Banks / FI - - - - - - - - -

c) Central Govt - - - - - - - - -

d) State Govt(s) - - - - - - - - -

e) VentureCapital Funds - - - - - - - - -

f) InsuranceCompanies - - - - - - - - -

g) FIIs - - - - - - - - -

h) Foreign VentureCapital Funds - - - - - - - - -

i) Others

a) Trust 0.03 0.03 0.01 0.03 0.03 0.01

b) Fin. Services 0.43 0.43 0.15 0.68 0.68 0.23

Sub-total (B)(1) - 0.46 0.46 0.16 - 0.71 0.71 0.24 -

THE HUTTI GOLD MINES COMPANY LIMITED

25

2. Non-Institutions - - - - - - - - -

a) Bodies Corp. - - - - - - - - -

i) Indian - - - - - - - - -

ii) Overseas - - - - - - - - -

b) Individuals - 3.06 3.06 1.03 - 2.81 2.81 0.95 Nil

i) Individualshareholdersholding nominalshare capitaluptoRs. 1 lakh - - - - - - - - -

ii) Individualshareholdersholdingnominal sharecapital inexcess of Rs 1lakh - - - - - - - - -

c) Others(specify) - - - - - - - - -

Sub-total(B)(2) - - - - - - - - -

Total PublicShareholding(B)=(B)(1)+(B)(2) - - - - - - - - -

C. Shares held byCustodian forGDRs & ADRs - - - - - - - - -

Grand Total(A+B+C) - 296.20 296.20 100.00 - 296.20 296.20 100.00 Nil

THE HUTTI GOLD MINES COMPANY LIMITED

26

N I L

(ii) Shareholding of Promoters

Sl Shareholder’s Shareholding at the Share holding at the endNo. Name beginning of the year of the year

No. of % of % of No. of % of % of %Shares total share Shares Shares total share Shares change

of the Pledged / of the Pledged / incompany encumbered company encumbered share

to total to total holdingshares shares during

the year

1 Govt. ofKarnataka 220186 74.34 - 220186 74.34 - Nil

2 KSIIDC 57500 19.41 - 57500 19.41 - Nil

3 MML 15000 5.06 - - - - Nil

TOTAL 292686 98.81 - 292686 98.81 - Nil

(iii) Change in Promoters’ Shareholding (please specify, if there is no change)

Sl. Shareholding at the Cumulative ShareholdingNo. beginning of the year during the year

No. of shares % of total No. of shares % of totalshares of the shares ofcompany the company

At thebeginning ofthe year

Date wiseIncrease /Decrease inPromotersShare holdingduring the yearspecifying thereasons forincrease / decrease(e.g. allotment /transfer /bonus/sweatequity etc)

At the Endof the year

THE HUTTI GOLD MINES COMPANY LIMITED

27

(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders ofGDRs and ADRs):

Sl. Shareholding at the Cumulative ShareholdingNo. beginning of the year during the year

For Each of No. of shares % of total No. of shares % of totalthe Top 10 shares of the shares ofShareholders company the company

At thebeginning ofthe year

Date wiseIncrease /Decrease inShare holdingduring the yearspecifying thereasons forincrease /decrease (e.g.allotment /transfer /bonus/ sweatequity etc)

At the End ofthe year ( or onthe date ofseparation, ifseparatedduring the year)

N I L

THE HUTTI GOLD MINES COMPANY LIMITED

28

(v) Shareholding of Directors and Key Managerial Personnel:

Sl. Shareholding at the Cumulative ShareholdingNo. beginning of the year during the year

For Each of No. of shares % of total No. of shares % of totalthe Directors shares of the shares ofand KMP company the company

At the

beginning of

the year

Date wise

Increase /

Decrease in

Share holding

during the year

specifying the

reasons for

increase /

decrease (e.g.

allotment /

transfer /

bonus/ sweat

equity etc)

At the End of

the year

N I L

THE HUTTI GOLD MINES COMPANY LIMITED

29

V. INDEBTEDNESS

Indebtedness of the Company including interest outstanding/accrued but not due for payment

Secured Loans Unsecured Deposits Totalexcluding Loans Indebtednessdeposits

Indebtedness atthe beginning ofthe financial year

i) Principal Amount

ii) Interest duebut not paid

iii) Interest accruedbut not due

Total (i+ii+iii)

Change inIndebtedness duringthe financial year

• Addition

• Reduction

Net Change

Indebtednessat the end of thefinancial year

i) PrincipalAmount

ii) Interest duebut not paid

iii) Interest accruedbut not due

Total (i+ii+iii)

N I L

THE HUTTI GOLD MINES COMPANY LIMITED

30

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director, Whole-time Directors and/or Manager:

Sl. Particulars of Name of MD/WTD/Manager Totalno. Remuneration Amount

---- ---- ---- ----

1 1. Gross salary Rs. Rs.

(a) Salary as per 3,29,756 3,29,756provisions containedin section 17(1) of theIncome-tax Act, 1961

(b) Value of perquisitesu/s 17(2) Income-tax Act,1961

(c) Profits in lieu of salaryunder section 17(3)Income-tax Act, 1961

2 Stock Option - - - - -

3 Sweat Equity - - - - -

4 Commission - as % of profit - - - - -

- others - - - - -

5 Others, please specify - - - - -

Total (A) - - - - 3,29,756

Ceiling as per the Act - - - - -

B. Remuneration to other Directors:

Sl. Particulars of Name of Directors Totalno. Remuneration Amount

---- ---- ---- ----

1 Independent Directors - - - - -

• Fee for attending Board / Committee meetings 56,000

• Commission - - - - -

• Others, please specify - - - - -

Total (1)

THE HUTTI GOLD MINES COMPANY LIMITED

31

2 Other Non-Executive Directors - - - - -

• Fee for attending Board / Committee meetings

• Commission

• Others, please specify

Total (2)

Total (B)=(1+2) - - - - -

Total ManagerialRemuneration

Overall Ceiling as perthe Act

C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD

Sl. Particulars of Remuneration Key Managerial Personnel Totalno. Amount

CEO/MD CFO

1 1. Gross salary Rs. Rs. Rs.

(a) Salary as per provisions containedin section 17(1) of the Income-taxAct, 1961 3,29,756 14,67,610 17,97,366

(b) Value of perquisites u/s 17(2)Income-tax Act, 1961

(c) Profits in lieu of salary undersection 17(3) Income-tax Act, 1961

2 Stock Option

3 Sweat Equity

4 Commission

- as % of profit

- others, specify…

5 Others, please specify

Total 3,29,756 14,67,610 17,97,366

THE HUTTI GOLD MINES COMPANY LIMITED

32

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

Type Section of Brief Details of Authority Appealthe Description Penalty / [RD / made, ifCompanies Punishment/ NCLT/ anyAct Compounding COURT] (give

fees imposed Details)

A. COMPANY

Penalty - - - - -

Punishment - - - - -

Compounding - - - - -

B. DIRECTORS

Penalty - - - - -

Punishment - - - - -

Compounding - - - - -

C. OTHER OFFICERS IN DEFAULT

Penalty - - - - -

Punishment - - - - -

Compounding - - - - -

THE HUTTI GOLD MINES COMPANY LIMITED

33

INDEPENDENT AUDITOR’S REPORT

TO THE MEMBERS OF THE HUTTI GOLD MINES COMPANY LIMITED

Report on the Financial Statements

1. We have audited the accompanying Ind AS financial statements of THE HUTTI GOLD MINES COMPANYLIMITED (‘the Company’) which comprise the Balance Sheet as at 31 March 2017 and the statement of Profitand Loss (including Comprehensive income), the Cash Flow statement and the Statement of Changes in Equityfor the year then ended, and a summary of significant accounting policies and other explanatory information andsubmitted our report on 10.11.2017. Subsequently, the audit report has undergone revision in the light ofobservations of the Comptroller Auditor General of India. This Report supersedes our earlier report dated10.11.2017.

2. Management’s Responsibility for the Financial Statements

The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act,2013 (“the Act”) with respect to the preparation of these Ind AS financial statements that give a true and fairview of the financial position, financial performance including other comprehensive income, cash flows andchanges in the equity of the Company in accordance with accounting principles generally accepted in India,including the Accounting Standards Ind AS prescribed under Section 133 of the Act, read with Rule 7 of theCompanies (Accounts) Rules, 2014.

This responsibility also includes maintenance of adequate accounting records in accordance with the provisionsof the Act for safeguarding the assets of the Company and for preventing and detecting frauds and otherirregularities; selection and application of appropriate accounting policies; making judgments and estimatesthat are reasonable and prudent; and the design, implementation and maintenance of adequate internal financialcontrol, that were operating effectively for ensuring the accuracy and completeness of the accounting records,relevant to the preparation and presentation of the financial statements that give a true and fair view and are freefrom material misstatement, whether due to fraud or error.

3. Auditor’s Responsibility

Our responsibility is to express an opinion on these Ind AS financial statements based on our audit.

We have taken into account the provisions of the Act, the accounting and auditing standards and matters whichare required to be included in the audit report under the provisions of the Act and the Rules made there under.

We conducted our audit of Ind AS financial statements in accordance with the Standards on Auditing, specifiedunder Section 143(10) of the Act. Those Standards require that we comply with ethical requirements and planand perform the audit to obtain reasonable assurance about whether the Ind AS financial statements are free frommaterial misstatement.

NATH ASSOCIATESChartered Accountants

433/C, 5th Cross, 7th Block WestJayanagar, BANGALORE 560082

B.S Manjunath FCA;[email protected] /9880895018B.N Sudheendra FCA; [email protected] /9902971527Gowri B M, ACA; [email protected].

THE HUTTI GOLD MINES COMPANY LIMITED

34

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the JndAS financial statements. The procedures selected depend on the auditor’s judgment, including the assessmentof the risks of material misstatement of the Ind AS financial statements, whether due to fraud or error. In makingthose risk assessments, the auditor considers internal financial control relevant to the Company’s preparationof the Ind AS financial statements that give a true and fair view in order to design audit procedures that areappropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policiesused and the reasonableness of the accounting estimates made by the Company’s Directors, as well as evaluatingthe overall presentation of the Ind AS financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our auditopinion on the Ind AS financial statements.

4. Basis for qualified Opinion

(i) The Company has revalued the Land as per the requirements of Ind AS and it is based on the valuation madeby the Approved Valuer.

The Valuer, as stated in his Report, has adopted the method of ‘market value approach’ for determining the‘fair value’. The valuation techniques and the inputs used for arriving at the ‘fair value’ is not adequatelydisclosed in the financial statements & Notes.

The difference in the value of Land on account of revaluation amounts to Rs.62,262.90 lakhs; and this hasresulted in increase in the value of Land by Rs.62,262.90 lakhs (Note 2 Property, Plant & Equipment) andincrease in other Equity ( Note 18) by Rs.62,262.90 lakhs.

(ii) The company has not complied with IND AS 106 which requires mandatory disclosure with regard toaccounting policies related to Exploration and Evaluation of Mineral Resources as required under Ind AS106.

(iii) The company has received Rs 83.47 Lakhs on 30th August 2017, being the difference between the totalamount received (Rs 684.03 Lakhs) and the I Tax Refund claimed (Rs 600.56 Lakhs) as per ITR filed bythe company for A Y 2015-16 and it is deemed as interest income on Income Tax refund;

In the absence of details of the differential excess amount received, the same has been treated as interestincome of the FY 2016-17.

As the tax refund and the interest amount was actually received in FY 2017-18, recognition of interestincome of Rs 83.47 Lakhs in the financial year 2016-17 has resulted in the overstatement of profit by Rs83.47 Lakhs and overstatement of ‘retained earnings’ by Rs 83.47 Lakhs under the head ‘Other equity’.

Qualified Opinion

In our opinion, and to the best of our information and according to the explanation given to us, the aforesaidInd AS financial statements, read with sub para (i), (ii) and (iii) above, give the information required by the Actin the manner so required and give a true and fair view in conformity with the accounting principles generallyaccepted in India including the Ind AS:

(i) in the case of the Balance Sheet, of the state of affairs (financial position) of the Company as at 31 March2017; and

(ii) in the case of the statement of Profit and Loss, of the Profit (financial performance including other com-prehensive income) for the year ended on that date;

THE HUTTI GOLD MINES COMPANY LIMITED

35

(iii) In the case of the Cash Flow Statement, of the cash flows for the year ended on that date;

(iv) In the case of Statement of Changes in Equity, of the change in equity for the year ended on that date.

5. Emphasis of the matter

1. The company has paid Rs 341.63 lakhs to service tax authorities (Superintendent of Central Excise,

Customs and Service Tax, Raichur) under protest against notice issued by them towards service tax on

Royalty and Dead rent. However, no provision is made for this liability, as the notice of demand has been

contested and the Company is confident that there would not be any liability in this regard.

The Company has made a disclosure in this regard in the Notes under ‘Contingent liability’ vide Note

32 -2 (b 8).

6. Other Matters

The comparative financial information of the company for the year ended 31st March 2016 and the transition

date opening balance sheet as at 1st April 2015 included in these Ind AS financials statements are based on the

previously issued statutory financial statements prepared in accordance with the companies Accounting Stan-

dards Rules, 2006 audited by the predecessor auditors and their report for the year ended 31st March 2016 dated

1st September 2016, expressed an unmodified opinion on those Ind AS financial statements, as adjusted for the

differences in the accounting principles adopted by the Company on transition to the Ind AS, which have been

audited by us.

7. Report on other legal and regulatory requirements

1. As required by the Companies (Auditor’s report) Order, 2016 (“the Order”) issued by the Central Govern-

ment of India in terms of sub-section (11) of section 143 of the Act, is furnished in Annexure A, forming

part of this Report a statement on the matters specified in paragraphs 3 and 4 of the Order.

2. As per the directions issued by the Comptroller and Auditor General of India in terms of Sec. 143 (5) of

the Act we give a statement on matters specified therein in Annexure C

3. As required by section 143 (3) of the Act, we report that:

(a) We have sought and obtained all the information and explanations which to the best of our knowledge

and belief were necessary for the purpose of our audit;

(b) In our opinion proper books of account as required by law have been kept by the Company so far as

it appears from our examination of those books;

(c) The Balance Sheet, the Statement of Profit and Loss, the Cash Flow Statement and the Statement of

Changes in Equity dealt with by this report are in agreement with the books of account;

(d) In our opinion, the aforesaid Ind AS financial statements comply with the Accounting Standards

specified under section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014;

THE HUTTI GOLD MINES COMPANY LIMITED

36

(e) Disqualification of directors stated under section 164 (2) of the Act is not applicable to a Government

Company as per notification no. GSR 463(E) of the Ministry of Corporate affairs dated 05/06/2015.

(f) With respect to the adequacy of the internal financial controls over financial reporting of the Company

and the operating effectiveness of such controls, refer to our separate Report in Annexure B.

(g) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11

of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information

and according to the explanations given to us:

i. The Company has disclosed the impact of pending litigations on its financial position in its Ind

AS financial statements vide note no 32(2)(a) & (b).

ii. The Company has made provisions as required under the applicable law or Accounting standards

for material foreseeable losses if any, on long-term contracts.

iii. There has been no delay in transferring amount that is required to be transferred, to the Investor

Education and Protection Fund by the Company.

iv. The Company has provided requisite disclosures in the financial statements as to holdings as well

as dealings in Specified Bank Notes during the period from 8th November, 2016 to 30th Decem-

ber 2016, based on audit procedures and relying on the management representation we report that

the disclosures are in accordance with books of account maintained by the company and as

produced by the management – vide Note 32 Para 18 to the Ind AS financial statements.

For Nath AssoicatesChartered AccountantsFirm’s registration number: 02426S

Sd/-

B. S. ManjunathPartnerMembership number: 09743

Place: Bangalore

Date: 05.12.2017

THE HUTTI GOLD MINES COMPANY LIMITED

37

Annexure -A –

Annexure to the Independent Auditors Report - Reports under The Companies(Auditor’s Report) Order, 2016

Annexure referred to in paragraph 5 (1) of our reports on the financial statements of THE HUTTI GOLD MINES

COMPANY LIMITED for the year ended March 31, 2017.

According to the information and explanations given to us and based on the books and records examined by usand to the best of our knowledge and belief, we report as under:-

i. In respect of its Fixed Assets:

a) The Company has maintained proper records showing full particulars including quantitative detailsand situation of fixed assets.

b) As explained to us, the fixed assets have been physically verified by the management during the year,and it is reported that no material discrepancies were noticed on such physical verification as comparedwith the Fixed Assets register; and however, the details are not verified by us.

c) As explained to us the title deeds of the immoveable property are held in the name of the company.

ii. In respect of its inventories:

a) As explained to us, the inventories have been physically verified during the year by themanagement and the frequency of verification is reasonable.

b) In our opinion and according to the information and explanations given to us, the procedures ofphysical verification of inventories followed by the management are reasonable and adequate inrelation to the size of the Company and the nature of its business.

c) The Company has maintained proper records of inventories. It is reported by the management that nomaterial discrepancies were noticed on physical verification.

iii. The Company has not granted any loans, secured or unsecured to the companies, firms or other partiescovered in the register maintained under section 189 of the Act; and accordingly clause (iii)(a) and (iii)(b)of paragraph 3 of the order are not applicable.

iv. The company has not advanced any loans secured or unsecured, given any guarantees and security to theparties, in terms of Section 185 and 186 of the Act. Accordingly reporting under clause 3 (iv) of the Orderis not applicable.

v. The Company has not accepted any deposits in terms of section 73 to 76 or any other relevant provisionsof the Act and the rules framed there under.

vi. We have reviewed the cost records maintained by the Company under section 148(1) of the Act, and areof the opinion that prima facie the prescribed accounts and records have been made and maintained. Wehave, however, not made a detailed examination of the cost records with a view to determine whether they

are accurate and complete.

THE HUTTI GOLD MINES COMPANY LIMITED

38

vii. In respect of statutory dues:

a) According to the records of the Company examined by us, the company is generallyregular in depositing the undisputed statutory dues including Provident Fund, Employees’ State Insur-ance, Income Tax, Sales Tax, Wealth Tax, Service Tax, Customs duty, Excise duty, Value Added Tax,Cess and any other statutory dues as applicable to it.

b) According to the information and explanations given to us, no undisputed amounts payable in respectof the aforesaid dues were outstanding as at March 31, 2017 for a period of more than six months fromthe date of becoming payable.

c) According to the information and explanations given to us, the particulars of Income Tax, Entry Tax,Central Excise dues which have not been deposited on account of disputes are as under:

Sl. NAME OF NATURE OF FORUM WHERE AMOUNT REMARKSNo. THE STATUES DUES DISPUTE (Rs. in

IS PENDING Lakhs)

1 2 3 4 5 6

1 Karnataka Tax on Entry Tax for Karnataka Appellate 2.29 The Tribunal has dismissed

Entry of Goods Asst. year Tribunal, Bangalore the case and has directed1998-99 DCCT, Raichur to issue

revised demand noticeand orders are awaited.

2 Karnataka Tax on Entry Tax for Joint Commissioner 4.41 Appeal before the JointEntry of Goods Asst. year of Commercial Taxes Commissioner of Commercial

2001-02 (Appeals), Gulbarga Taxes (Appeals), Gulbargawhich was allowed and

directed DCCT to reworkthe tax amount and issue

the revised demand notice.Order and notices are awaited

3 Income Tax Act Income Tax Commissioner of 7.21 Appealed before CITfor Asst.Year Income Tax (Appeals)

2014-15 (Appeals), Bangalore

4 The Central Excise Excise Duty Central Excise 14,137.27 The Commissioner ofAct on sale of Appellate Tribunal Central Excise & Customs,

bullion for the Bangalore Belgaum has passedyear 2006-07 order on 26.03.2013 for

to 2011-12 levying excise duty fromPenalty Penalty 14,137.27 01.01.2007 to 31.12.2011 by

rejecting reply submitted by

THE HUTTI GOLD MINES COMPANY LIMITED

39

the Company towardsshow-cause notice.Company has filed appealbefore Tribunal. Duringthe year tribunal hasgranted stay.

5 The Service Tax Disallowing Commissioner of 110.91 Appeal is pending beforeAct certain Cenvat Central Excise Commissioner of Central

credits for the (Appeals), Mysore Exciseperiod from2012-2014

Penalty 55.45

6 The Service Tax Disallowing Commissioner of 258.48 The Company filed its reply onAct CENVAT Central Excise, 30/1/2017.

credit availed Belgaumby theCompany onservicesavailed forconstruction ofcircular shaftfor the periodfrom July 2014 to December2015

7 The Central Excise Disallowance Assistant 15.11 The Company filed its reply onAct of CENVAT Commissioner 18/8/2017.

credit availed of Central Excise,by the Bellarycompany onsteel itemsused forundergroundoperation forthe periodfrom July 2014to November2015

THE HUTTI GOLD MINES COMPANY LIMITED

40

8 The Central Excise Disallowance Commissioner of 8363.98 The Company is yet to file itsAct of concessional Central Excise, reply

rate of Excise BelgaumDuty paid bythe companyon sale ofbullion for theperiod from01/07/2012to 30/06/2017

viii. According to the information and explanations given to us the Company has not defaulted in repayment of Loan tothe Bank, Financial institutions, Governments or Debenture holders

ix. The company has not raised moneys by way of initial public offer or further public offer (including debt instrument)and term loans.

x. Based upon the audit procedures performed and according to the information and explanations given to us, no fraudby the company or any fraud on the company by its officers or employees has been noticed or reported during thecourse of our audit.

xi. Being a Government Company, provision of Sec 197 does not apply vide notifications no. GSR. 463 (E) dated05.06.2016

xii. The Company is not a Nidhi Company hence Para 3 clause (xii) is not applicable.

xiii. Based upon the audit procedures performed and according to the information and explanations given to us, alltransactions with related parties are in compliance with section 177 and 188 of Companies Act, 2013 whereapplicable and the details have been disclosed in the Ind AS Financial statements etc. as required by the applicableAccounting Standards.

xiv. The Company has not made any preferential allotment or private placement of shares or fully or partly convertibledebentures during the year under review.

xv. The company has not entered into any non-cash transactions with directors or persons connected with them duringthe year under review.

xvi. The company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934 as theCompany has not carried out any Non Banking financial activities.

For Nath AssoicatesChartered AccountantsFirm’s registration number: 02426S

Sd/-

B. S. ManjunathPartnerMembership number: 09743

Place: Bangalore

Date: 05.12.2017

THE HUTTI GOLD MINES COMPANY LIMITED

41

Annexure B :

Independent Auditor’s Report on Ind AS Financial Statements F Y – 2016-17

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section143 of the Companies Act, 2013 (“the Act”)

We have audited the internal financial controls over financial reporting of THE HUTTI GOLD MINES COM-PANY LIMITED (“the Company”) as of March 31, 2017 in conjunction with our audit of the Ind AS financialstatements of the Company for the year ended on that date.

Management’s Responsibility for Internal Financial ControlsThe Company’s management is responsible for establishing and maintaining internal financial controls basedon the internal control over financial reporting criteria established by the Company considering the essentialcomponents of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Finan-cial Reporting issued by the Institute of Chartered Accountants of India. These responsibilities include thedesign, implementation and maintenance of adequate internal financial controls that were operating effectivelyfor ensuring the orderly and efficient conduct of its business, including adherence to company’s policies, thesafeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness ofthe accounting records, and the timely preparation of reliable financial information, as required under the Com-panies Act, 2013.

Auditors’ ResponsibilityOur responsibility is to express an opinion on the Company's internal financial controls over financial reportingbased on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Finan-cial Controls Over Financial Reporting (the “Guidance Note”) and the Standards on Auditing, issued by ICAIand deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to anaudit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued bythe Institute of Chartered Accountants of India. Those Standards and the Guidance Note require that we complywith ethical requirements and plan and perform the audit to obtain reasonable assurance about whether ad-equate internal financial controls over financial reporting was established and maintained and if such controlsoperated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financialcontrols system over financial reporting and their operating effectiveness. Our audit of internal financial con-trols over financial reporting included obtaining an understanding of internal financial controls over financialreporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operatingeffectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor’sjudgment, including the assessment of the risks of material misstatement of the financial statements, whetherdue to fraud or error.

THE HUTTI GOLD MINES COMPANY LIMITED

42

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our auditopinion on the Company’s internal financial controls system over financial reporting.

Meaning of Internal Financial Controls Over Financial ReportingA company's internal financial control over financial reporting is a process designed to provide reasonableassurance regarding the reliability of financial reporting and the preparation of financial statements for externalpurposes in accordance with generally accepted accounting principles. A company's internal financial controlover financial reporting includes those policies and procedures that (1) pertain to the maintenance of recordsthat, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of thecompany; (2)provide reasonable assurance that transactions are recorded as necessary to permit preparation offinancial statements in accordance with generally accepted accounting principles, and that receipts and expen-ditures of the company are being made only in accordance with authorizations of management and directors ofthe company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorizedacquisition, use, or disposition of the company's assets that could have a material effect on the financial state-ments.

Inherent Limitations of Internal Financial Controls Over Financial Reporting.Because of the inherent limitations of internal financial controls over financial reporting, including the possi-bility of collusion or improper management override of controls, material misstatements due to error or fraudmay occur and not be detected. Also, projections of any evaluation of the internal financial controls over finan-cial reporting to future periods are subject to the risk that the internal financial control over financial reportingmay become inadequate because of changes in conditions, or that the degree of compliance with the policies orprocedures may deteriorate.

OpinionIn our opinion, the Company has, in all material respects, an adequate internal financial controls system overfinancial reporting and such internal financial controls over financial reporting were operating effectively as atMarch 31, 2017, based on the internal control over financial reporting criteria established by the Companyconsidering the essential components of internal control stated in the Guidance Note on Audit of InternalFinancial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.

For Nath AssoicatesChartered AccountantsFirm’s registration number: 02426S

Sd/-

B. S. ManjunathPartnerMembership number: 09743

Place: Bengaluru

Date: 05.12.2017

THE HUTTI GOLD MINES COMPANY LIMITED

43

Annexure C:

I. Annexure to Sec 143(5) – Additional directions

SI.No Directions Compliance

If the Company has been selected fordisinvestment, a complete status report in termsof valuation of Assets (including intangible assetsand land) and Liabilities (including Committedand General Reserves) may be examinedincluding the mode and present stage ofdisinvestment process.

1 The Company is not selected for disinvestment

Please report whether there are any cases ofwaiver / write off of debts / loans / interest, etc. Ifyes, the reasons therefor and the amount involved.

2 We have not come across any cases of waiver /write off of debts / loans / interest reportedduring the year.

Whether proper records are maintained forinventories lying with third parties and assetreceived as gift from Government or otherauthorities.

3 The Company has maintained proper recordsfor inventories. However, Company in routinecourse does not come across having inventorieswith third parties. Further, the Company doesnot have any assets received as gifts fromGovernment or other authorities.

A report on age-wise analysis of pending legal /arbitration cases including the reasons ofpendency and existence / effectiveness of amonitoring mechanism for expenditure on legalcases (foreign and local) may be given.

4 The list of pending legal cases are enclosedalong with status.

THE HUTTI GOLD MINES COMPANY LIMITED

44

II. Compliance to additional company specific directions

SI.No Directions Compliance

Whether the Company has an approved mineclosure plan and rehabilitation activities.

A Yes, the Company has an approved mine closureplan and rehabilitation plan, which is approved bythe Indian Bureau of Mines, Bangalore vide letterNo.KNT/ RCH/MS/G-214-SZ/158/ dated 13-08-2014 which is valid for a period of 5 years (2013-14 to 2017-18).

Whether the Company has taken adequatemeasure to reduce the adverse effect onenvironment as per established norms andtaken up adequate measures for the reliefand rehabilitation of displaced people.

B Yes, the Company has got the environmentclearance from MoEF and approval of mining planfrom the Indian Bureau of Mines, thus the Companyhas ensured enough adequate measures onenvironmental and rehabilitation aspects.

Whether the Company has obtained therequisite statutory compliances that wasrequired under mining and environmentalrules and regulations.

C Yes, obtained environmental clearance vide letterNo. J-11015/13/2003. 1A.11(M)/dated 17-11-2004.

Examine the cost benefit analysis of themajor capital expenditure / expansionincluding IRR and Payback period.

D The Company has the practice of preparing andworking out payback period and IRR for its majorprojects.

If the audited entity has computerized itsoperations or part of it, assess and report,how much of the data in the company is inelectronic format, which of the area such asaccounting, sales personnel information,payroll, inventory, etc have beencomputerized and the company has evolvedproper security policy for data/software/hardware.

E The Company has computerized most of itsoperations. The independent and unintegratedsoftware are being used by various departments ofthe Company. The major issues such as accounting,sales, payroll, inventory, personnel information,fixed assets etc. have been computerized. Properback up procedures are being followed by theCompany on regular basis as a security policy andmost of the print out / hard copies are preserved.

Finance integration in ERP is still in progress andnot fully operative and requires to be updated andexpedited.

For Nath AssoicatesChartered AccountantsFirm’s registration number: 02426S

Sd/-

B. S. ManjunathPartnerMembership number: 09743

Place: Bengaluru

Date: 05.12.2017

Note: List of pending legal cases attached.

THE HUTTI GOLD MINES COMPANY LIMITED

45

HUTTI GOLD MINES COMPANY LIMITED - LIST OF COURT CASES pending as on 31.03.2017

Arbitration Cases

Sl. Case filed by Case No. Case filed at Brief of the case Type ofcase

Latestpositionof case

Sri.Madhava Reddy V/s.HGML Case entrusted toSri.Ashok.S.Kinagi,Advocate, Kalaburagi

No

1 MFA No.31914/2009

Hon'bleHigh Court,Kalaburagi

Sri.Madhava Reddy,Class-I Contractor, Raichurhad been entrusted acontract for ore transporta-tion from UTI to Hutti. Thecontractor has violated theterms of contract andstopped the ore transporta-tion. Last hearing dated on26/10/2017

Others

Thefinalhearingdate isyet to begiven.

Summary of other cases - pending as on 31.03.2017

Arbitration Cases

Sl. Particulars

1 Land Acquisition CasesHigher Compensation

2 Service Matters(Appt. / Disciplinary etc)

3 Consumer Court Cases

4 Terminal Benefit Cases

5 Central Govt. IndustrialTribunal Court cumLabour Court Cases

6 Workmen Compensation

7 Other Cases

Total

No

No.ofCases

Remarks

For Nath AssoicatesChartered AccountantsFirm’s registration number: 02426S

Sd/-

B. S. ManjunathPartnerMembership number: 09743

Place: Bengaluru

Date: 05.12.2017

126

34

88

10

6

7

199

Error in Pension calculation

THE HUTTI GOLD MINES COMPANY LIMITED

46

Replies to the Independent Auditor’s Report

S.No Qualified opinions of the Auditor Replies of the Company

The Company has revalued the Land as per the re-quirements of Ind AS and it is based on the valua-tion made by the Approved Valuer.

The Valuer, as stated in his Report, has adopted themethod of ‘market value approach’ for determiningthe ‘fair value’. The valuation techniques and theinputs used for arriving at the ‘fair value’ is not ad-equately disclosed in the financial statements &Notes.

The difference in the value of Land on account ofrevaluation amounts to Rs.62,262.90 lakhs; and thishas resulted in increase in the value of Land byRs.62,262.90 lakhs (Note 2 Property, Plant & Equip-ment) and increase in other Equity (Note 18) byRs.62,262.90 lakhs.

The Company has disclosed its AccountingPolicy on revaluation of assets and its treatmentthereon vide Accounting policy No.3.1 formingpart of accounts. In this regard, the Companyhas appointed an Independent Registered Valuerfor valuation of land as per requirements of INDAS. The Independent Registered Valuer has re-valued the land as per its Fair Value for finan-cial reporting purposes as per IND AS 16 witheffective date of revaluation from 01.04.2016.However, the method and assumptions appliedfor revaluation have not been adequately dis-closed by way of notes to accounts. The quali-fication of the Auditors and disclosure require-ments in this regard are noted for compliancesin future.

1

2

2

The company has not complied with IND AS 106which requires mandatory disclosure with regard toaccounting policies related to Exploration and Evalu-ation of Mineral Resources as required under IndAS 106

As per IND AS 106, the company has to dis-close the information on exploration and evalu-ation of mineral reserves. It is proposed to evalu-ate the mineral reserves through an externalagency or through internal technical expertiseand this process will take some time as it re-quires a detailed study. This process will be com-pleted during FY 2017-18 and required disclo-sure will be made in future.

3

2

The company has received Rs 83.47 Lakhs in Au-gust 2017, being the difference between the totalamount received (Rs 684.03 Lakhs) and the IncomeTax Refund claimed(Rs 600.56 Lakhs) as per ITRfiled by the company for FY2015-16 and it is deemedas interest income on Income Tax refund;

In the absence of details of the differential excessamount received, the same has been treated as inter-est income of the FY 2016-17.

The Company has paid Rs.3567.41 lakhs asAdvance Tax for FY 2014-15 and has filed itsReturn of Income accordingly. The Central-ized Processing Center (CPC) of the IT Dept.,pending summary assessment for this financialyear has refunded Rs.684.04 lakhs in August,2017. The refunded amount included interestincome of Rs.87.08 lakhs as per CPC refundorder. Accordingly, the Company has accounted

THE HUTTI GOLD MINES COMPANY LIMITED

47

Replies to the Independent Auditor’s Report

As the tax refund and the interest amount wasactually received in FY 2017-18, recognition ofinterest income of Rs 83.47 Lakhs in the finan-cial year 2016-17 has resulted in the overstate-ment of profit by Rs 83.47 Lakhs and overstate-ment of ‘retained earnings’ by Rs.83.47 Lakhsunder the head ‘Other equity’.

Rs. 83.47 lakhs as interest income for FY 2016-17. The procedure followed for accounting ofinterest income on refunds is as per the previ-ous years, which has been accepted by the Au-dit and is as per IND AS 10. Therefore, in ouropinion the procedure followed for accountingof interest income as above is in order.

Sd/-Executive Director (Corp. Affairs)

Sd/-Managing Director

THE HUTTI GOLD MINES COMPANY LIMITED

48

BY REGISTERED POSTCONFIDENTIAL

No. AG (E&RSA)/CAW/CA-II/E-2(223)/2017-18/74 Date : 07.12.2017

To

The Managing Director,

The Hutti Gold Mines Company Limited, Bangalore

3rd Floor, KHB Shopping Complex,

National Games Village, Koramangala,

Bengaluru-560 047

Sir,

Sub: Comments of the Comptroller & Auditor General of India under Section 143(6)(b) of the

Companies Act, 2013 on the accounts or The Hutti Gold Mines Company Limited,

Bangalore for the year ended 31 March 2017.

Sir,

1. I forward herewith Comments under section 143(6)(b) of the Companies Act, 2013 on the accounts of The

Huth Gold Mines Company Limited, Bangalore for the year ended 31 March 2017.

2. A copy of the proceedings of the Annual General Meeting adopting the certified accounts, Auditors Report

thereon and the Comments of the Comptroller and Auditor General of India may be forwarded to this

office immediately after the conclusion of the Annual General Meeting. Six copies of the printed Annual

Reports may also be sent to this office.

3. Receipt of the letter and the enclosures may please be acknowledged.

Yours faithfully

Sd/-(BIJIT KUMAR MUKHERJEE)

ACCOUNTANT GENERAL(ECONOMIC & REVENUE SECTOR AUDIT)

KARNATAKA, BENGALURU

Indian Audit And Accounts DepartmentOffice of the Accountant General (E & RSA) Karnataka

THE HUTTI GOLD MINES COMPANY LIMITED

49

COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION

143(6)(b) OF THE COMPANIES ACT, 2013 ON THE FINANCIAL STATEMENTS OF THE HUTTI

GOLD MINES COMPANY LIMITED, BANGALORE FOR THE YEAR ENDED 31 MARCH 2017

The preparation of financial statements of The Hutti Gold Mines Company Limited, Bangalore for the year

ended 31 March 2017 in accordance with the financial reporting framework prescribed under the Companies

Act, 2013 is the responsibility of the management of the company. The statutory auditor/auditors appointed by

the Comptroller and Auditor General of India under section 139(5) of the Act is responsible for expressing

opinion on the financial statements under section 143 of the Act based on independent audit in accordance with

the standards on auditing prescribed under section 143(10) of the Act. This is stated to have been done by them

vide their Audit Report dated 5th December 2017.

I, on behalf of the Comptroller and Auditor General of India, have conducted a supplementary audit under

section 143(6) (a) of the Act of the financial statements of The Hutti Gold Mines Company Limited,

Bangalore for the year ended 31 March 2017. This supplementary audit has been carried out independently

without access to the working papers of the statutory auditors and is limited primarily to inquiries of the statutory

auditors and company personnel and a selective examination of some of the accounting records. In view of the

revision(s) made in 'Auditors' Report', as a result of my audit observations highlighted during supplementary

audit , I have no further comments to offer upon or supplement to the statutory auditors' report under section

143(6)(b) of the Act.

For and on the behalf of theComptroller & Auditor General of India

Sd/-(BIJIT KUMAR MUKHERJEE)

ACCOUNTANT GENERAL(ECONOMIC & REVENUE SECTOR AUDIT)

KARNATAKA, BENGALURU

BengaluruDate: 07.12.2017.

THE HUTTI GOLD MINES COMPANY LIMITED

50

TSDJ & ASSOCIATESCompany Secretaries

Form No. MR-3

[Pursuant to section 204(1) of the Companies Act, 2013 and rule No.9 of the Companies (Appointment andRemuneration Personnel) Rules, 2014]

SECRETARIAL AUDIT REPORT

FOR THE FINANCIAL YEAR ENDED 2016-17

ToThe Members,M/s. The Hutti Gold Mines Company Limited3rd Floor, KHB Shopping Complex, National Games Village,Koramangala, Bangalore, Karnataka 560025

We have conducted the Secretarial Audit of the compliance of applicable statutory provisions and the adher-ence to good corporate practices by M/s. The Hutti Gold Mines Company Limited, (Hereinafter called thecompany). Secretarial Audit was conducted in a manner that provided us a reasonable basis for evaluating thecorporate conducts/statutory compliances and expressing our opinion thereon.

Based on our verification of the Company’s books, papers, minute books, forms and returns filed and otherrecords maintained by the company and also the information provided by the Company, its officers, agents andauthorized representatives during the conduct of secretarial audit, we hereby report that in our opinion, thecompany has, during the audit period covering the financial year ended on 31st March 2017 complied with thestatutory provisions listed hereunder and also that the Company has proper Board-processes and compliance-mechanism in place to the extent, in the manner and subject to the reporting made hereinafter:

We have examined the books, papers, minute books, forms and returns filed and other records maintained byM/s. The Hutti Gold Mines Company Limited (“the Company”) for the financial year ended on 31st March2017 according to the provisions of:

(i) The Companies Act, 2013 (the Act) and the rules made there under;

(ii) The Securities Contracts (Regulation) Act, 1956 (‘SCRA’) and the rules made there under;

(iii) The Depositories Act, 1996 and the Regulations and Bye-laws framed there under;

No 158-35/3, 3rd Main, Industrial Town, Rajajinagar, Bangalore – 560044.Phone No: 080 – 23500243.E-Mail Id.: [email protected]

THE HUTTI GOLD MINES COMPANY LIMITED

51

(iv) Foreign Exchange Management Act, 1999 and the rules and regulations made there under to the extent ofForeign Direct Investment, Overseas Direct Investment and External Commercial Borrowings;

(v) The following Regulations and Guidelines prescribed under the Securities and Exchange Board of IndiaAct, 1992 (‘SEBI Act’):-

(a) The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regu-lations, 2011;

(b) The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992;

(c) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regula-tions, 2009;

(d) The Securities and Exchange Board of India (Employee Stock Option Scheme and Employee StockPurchase Scheme) Guidelines, 1999;

(e) The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008;

(f) The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regu-lations, 1993 regarding the Companies Act and dealing with client;

(g) The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009; and

(h) The Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998;

(vi) Employees' Provident Funds & Miscellaneous Provisions Act, 1952 Karnataka Value Added Tax Act,2003

We have restricted our scope of Audit to compliances under the Companies Act, 2013 and rules made thereunder and other Acts, as specified above, which are applicable to the company.

The provisions of Clause (ii), (iii), (iv) and Clause (v) are not applicable for this company.

Company Law, Employees' Provident Funds & Miscellaneous Provisions Act, 1952, Karnataka ValueAdded Tax Act, 2003:

A separate annexure is annexed to this report.

Matter for Emphasis:

1. In terms of sub section (1) of Section 124 the Company should have opened within seven days from thedate of expiry of the of thirty days date of declaration of dividend, and transferred the total amount ofdividend which remains unpaid or unclaimed to a special account called ‘Unpaid Dividend Account’ in ascheduled bank. The same account has not been opened. Management has assured that henceforth sepa-rate unclaimed account shall be opened by the Company.

THE HUTTI GOLD MINES COMPANY LIMITED

52

2. The provision relating to having minimum one independent director in the committee has not been fol-lowed by the company. Based on the explanation given by the Management, a letter for appointment ofIndependent Director is sent to the Government and Government approval is awaited.

During the period under review the Company has complied with the provisions of the Act, Rules, Regula-tions, Guidelines, Standards, etc. mentioned above.

We further report that:

The Board of Directors of the Company is duly constituted being nominees of the Government, The Companyhas no independent Directors. The changes in the composition of the Board of Directors that took place duringthe period under review were carried out in compliance with the provisions of the Act.

Adequate notice is given to all directors to schedule the Board Meetings, agenda and detailed notes on agendawere sent at least seven days in advance, and a system exists for seeking and obtaining further information andclarifications on the agenda items before the meeting and for meaningful participation at the meeting.

We further report that there are adequate systems and processes in the company commensurate with the sizeand operations of the company to monitor and ensure compliance with applicable laws, rules, regulations andguidelines.

We further report that during the audit period the Company has-

1. Not issued Public/Right/Preferential issue of shares / debentures/sweat equity, etc.

2. No Redemption / buy-back of securities

3. No Major decisions taken by the members in pursuance to section 180 of the Companies Act, 2013

4. No Merger / amalgamation / reconstruction, etc.

5. No Foreign technical collaborations.TSDJ & Associates

Company Secretaries

Sd/-Dhiren N P

PartnerMembership No: F 8620

CP No: FCS9611FRN No.P2015KR043500

Place: BangaloreDate: 30/11/2017

This report is to be read with our letter of even date which is annexed as Annexure A and forms an integral partof this report.

No 158-35/3, 3rd Main, Industrial Town, Rajajinagar, Bangalore – 560044.Phone No: 080 – 23500243.E-Mail Id.: [email protected]

THE HUTTI GOLD MINES COMPANY LIMITED

53

TSDJ & ASSOCIATESCompany Secretaries

“Annexure A”

ToThe Members,M/s. The Hutti Gold Mines Company Limited3rd Floor, KHB Shopping Complex, National Games Village,Koramangala, Bangalore, Karnataka 560025

Our report of even date is to be read along with this letter.1. Maintenance of secretarial record is the responsibility of the management of the company. Our respon-

sibility is to express an opinion on these secretarial records based on our audit.2. We have followed the audit practices and processes as were appropriate to obtain reasonable assurance

about the correctness of the contents of the Secretarial records. The verification was done on test basisto ensure the correct facts are reflected in secretarial records. We believe that the process and practices,we followed provide a reasonable basis for our opinion.

3. We have not verified the correctness and appropriateness of financial records and books of accounts ofthe Company.

4. Whenever required, we have obtained the Management representation about the compliance of laws,rules and regulations and happening of events etc.

5. The compliance of the provisions of Corporate and other applicable laws, rules, regulations, standardsis the responsibility of the management. Our examination was limited to the verification of procedureson test basis.

6. The Secretarial Audit report is neither as assurance as to the future viability of the Company nor of theefficacy or effectiveness with which the management has conducted the affairs of the Company.

TSDJ & AssociatesCompany Secretaries

Sd/-Dhiren N P

PartnerMembership No: F 8620

CP No: FCS9611FRN No.P2015KR043500

Place: BangaloreDate: 30/11/2017

No 158-35/3, 3rd Main, Industrial Town, Rajajinagar, Bangalore – 560044.Phone No: 080 – 23500243.E-Mail Id.: [email protected]

THE HUTTI GOLD MINES COMPANY LIMITED

54

TSDJ & ASSOCIATESCompany Secretaries

No 158-35/3, 3rd Main, Industrial Town,Rajajinagar, Bangalore – 560044.

Phone No: 080 – 23500243.E-Mail Id.: [email protected]

Annexure 1: Company Information

Sl.No. Particulars

1. Name of the Company THE HUTTI GOLD MINES CO LTD

2. CIN No. of the Company U85110KA1947SGC001321

3. Date of Incorporation 08/07/1947

4. Authorized Share Capital 20,00,00,000

5. Subscribed Share Capital 2,96,20,000

6. Paid Up Share Capital 2,96,20,000

7. Registered Office Address 3RD FLOOR, KHB SHOPPINGCOMPLEX NATIONAL GAMESVILLAGE, KORAMANGALABANGALORE - 560047

THE HUTTI GOLD MINES COMPANY LIMITED

55

TSDJ & ASSOCIATESCompany Secretaries

No 158-35/3, 3rd Main, Industrial Town,Rajajinagar, Bangalore – 560044.

Phone No: 080 – 23500243.E-Mail Id.: [email protected]

2: Changes in Capital Structure during 01/04/2016 to 31/03/2017.

CAPITAL STRUCTURE (In Rupees)

Particulars As on Add: increase Less: reduction Date of Capital01/04/2016 in capital in capital passing as on

(if any) (if any) Resolution 31/03/2017

Authorized Capital 20,00,00,000 - - - 20,00,00,000

Equity 2,96,20,000 - - - 2,96,20,000

Unclassified - - - - -

Issued Capital 2,96,20,000 - - - 2,96,20,000

Subscribed Capital 2,96,20,000 - - - 2,96,20,000

Paid-up Capital 2,96,20,000 - - - 2,96,20,000

Public Issue - - Not Applicable - -

Rights Issue - - Not Applicable - -

Bonus Issue - - Not Applicable - -

Private Placement/PreferentialAllotment(other thanconversion) - - Not Applicable - -

PrivatePlacement/PreferentialAllotment(arising out ofconversion) - - Not Applicable - -

THE HUTTI GOLD MINES COMPANY LIMITED

56

Allotment ofshares pursuantto ESOP - - Not Applicable - -

Allotmentconsequent toScheme ofArrangement/Merger/Amalgamation etc. - - Not Applicable - -

Buy back ofshares - Not Applicable - - -

Reduction ofCapital - Not Applicable - - -

Share Forfeited - - - - -

3: Directors & KMP (Existing and any change made between 01/04/2016 to 31/03/2017)

Sl. Name & Designation Address Date of Date ofNo. Appointment Cessation

1 TUSHAR GIRI NATH NO.20, 8TH MAIN ROAD, 31/08/2015 -Nominee Director 1ST CROSS VASANTHDIN : 01880265 NAGAR BANGALORE

560052 KA IN

2 RAJESHWARI LINGAIAH 371, BHUVANESHWARI 16/02/2015 -Nominee Director NAGAR, KATHARI GUPPEDIN : 02559992 BANASHANKARI 3RD

STAGE, BANGALORE SOUTHBANGALORE 560085 KA IN

3 HONNURAPPA # 419, ABBAYAPPA LAYOUT, 06/05/2016 -SAMPATH KUMAR CHELIKERE, BANGALORENominee director EAST BANGALORE 560043DIN: 05348042 KA IN

4 THAMENAHALLI #237, 67TH CROSS 17/08/2016 -HANUMANTHARAYAPPA 5TH BLOCK, RAJAJINAGARMOHANKUMAR BENGALURU 560010 KA INManaging DirectorDIN : 07171390

THE HUTTI GOLD MINES COMPANY LIMITED

57

5 RAJENDER KUMAR #39/A, 26TH MAIN, 01/03/2017 -KATARIA 36TH CROSS,Nominee Director KSRTC MD BUNGALOW,DIN: 07328000 4TH 'T' BLOCK, JAYANAGAR,

BANGALORE 560041 KA IN

6 PULLAPPA NAGARAJU #8, PETE MUNIYALLAPPA 06/05/2016 -Nominee Director COMPOUND, KOPPA MAINDIN: 07550802 ROAD, NEAR KOTE BANDE,

BEGUR, BANGALORE SOUTHBANGALORE 560068 KA IN

7 CHIKKANNA KOTTI YANJALAGERE POST, 06/05/2016 -ASHOKKUMAR HULIKUNTE HOBALINominee Director SIRA TALUK, KOTTIDIN: 07550808 TUMKUR 572113 KA IN

8 SYED HASRATH ULLA NO.4427, 9TH CROSS, 06/05/2016 -Nominee Director SENT MARYS ROAD,DIN: 07550844 NR MOHALLA

MYSORE 570007 KA IN

9 SASIKANTH SENTHIL #303, OPAL BLOCK, FOYER I 24/01/2017 -Nominee Director NFINITY APARTMENTSDIN : 07879371 PATTANDUR AGRAHARA,

WHITEFIELD. BEHIND ITPL3RD G BANGALORENORTH 560066 KA IN

10 BASAVAREDDY 464, 4TH MAIN, 7TH CROSS 02/11/2016 -RANGAPPA YAVAGAL DOLLARS COLONY, RMVNominee Director 2ND STAGEDIN : 07977150 BANGALORE 560094KA IN

11 SHEIKH HASAN NO.10, 2ND FLOOR, 04/01/2016 17/08/2016ZIYAULLAH 3RD CROSS, 18TH MAIN,Managing Director 2ND STAGE, BTM LAYOUT,DIN: 07413532 BANGALORE

SOUTH BILEKAHALLI.BANGALORE 560076

12 RANI SATISH # 3412, 10TH MAIN, 24/11/2014 24/08/2016Director 2ND CROSS, 2ND STAGE,DIN : 07051988 WATER A TANK, INDIRA

NAGAR, BANGALORE -560038

THE HUTTI GOLD MINES COMPANY LIMITED

58

13 KULKARNI VINAY #210,SHIVAGIRI 29/09/2016 02/11/2016RAJASHEKARAPPA 1ST CRPOSS,Nominee director DHARWAD-580003DIN : 07550712

14 PATTANASHETTI NO.974, D BLOCK, 05/01/2016 01/03/2017SUBHAS SHIVAPPA SAHAKARNAGARNominee director BANGALOREDIN: 00913243 KARNATAKA 560092

15 NILAYA MITASH NO. 106, 6TH CROSS 29/07/2015 15/11/2016Nominee Director 3RD MAIN RMV 2ND STAGE ,DIN: 01242604 BANGALORE 560094

4: List of Share Holding pattern as on close of the financial year

Government Holding (State): 74.34%

Government Companies: 24.47 %

Other Shareholders (Other than those listed above): 1.19 %

5: Transfers during the Year:

Sl.No Date of Transferor’s Name Folio Transferee’s Name Folio No. OfTransfer No. No. No. Shares

1 05/08/2016 Sri Ravindra Reddy 249 3A Financial Services 251 25Limited

2 05/08/2016 D Shree Niveditha reddy 254 3A Financial Services 251 10Limited

3 19/11/2016 3A Financial Services Limited 251 Anup Vipin Shah 256 01

4 19/11/2016 3A Financial Services Limited 251 Himamshu Vipin Shah 257 02

5 19/11/2016 3A Financial Services Limited 251 Vishnu R Makhija 258 01Vinod V Makhija

6 19/11/2016 3A Financial Services Limited 251 Pushpa V Makhija 259 01Vinod V Makhija

7 19/11/2016 3A Financial Services Limited 251 Vinod V Makhija 260 01Vishnu R Makhija

THE HUTTI GOLD MINES COMPANY LIMITED

59

8 19/11/2016 3A Financial Services Limited 251 Nar Narayana Saraf 261 09

9 19/11/2016 3A Financial Services Limited 251 Indra Saraf 262 09

10 24/01/2017 3A Financial Services Limited 251 Laherchand S Lakhani 263 03

11 24/01/2017 3A Financial Services Limited 251 Vishnu R Makhija 264 05/07Pushpa V MakhijaVinod V Makhija

12 24/01/2017 3A Financial Services Limited 251 Vishnu R Makhija 264 03Pushpa V MakhijaVinod V Makhija

13 24/01/2017 Rakesh Agarwal 201 Rakesh Agarwal 265 25Anita Tharad

14 24/01/2017 Rakesh Agarwal 201 Prajwal agarwal 266 10Anita Tharad Rakesh Agarwal

15 24/01/2017 Rakesh Agarwal 201 Usha Agarwal 267 15Anita Tharad Prajwal agarwal

6: Forms, Returns filed by the company between 01/04/2016 to 31/03/2017.

Forms and Returns filed by the Company pursuant to the provisions of the Companies Act,

2013 read with the Rules/ Regulations made there under

Financial Year 2016 – 17

Sl. Form Section & Particulars Date of Whether In case SRN StatusNo. No. Rule of Filing Filing filed of delay,

Applicable within whetherthe prescribed

prescribed proceduretime followed

andadditional

fees

1 Form MGT-7 Sec 92 Annual Return 29/11/2016 Yes Rs. 600/- G26463257 Filed

2 Form AOC - 4 Sec 137 Filing XBRLdocument in

respect of Finan-cial Statements 24/11/2016 Yes Rs. 600/- G24242109 Filed

THE HUTTI GOLD MINES COMPANY LIMITED

60

Appointment ofSri Chikkanna

KottiAshok kumar ,

3 Form DIR-12 Sec 152 Sri Pullappa 24/06/2016 Yes Rs.600/- G05974894 FiledNagaraju,

Syed Hasrathulla and SriHonnurappa

Sampath kumar

Appointment ofSri

ThamenahalliHanumantha

4 Form DIR-12 Sec 152 rayappa 31/08/2016 Yes Rs. 600/- G10358703 FiledSec 168 Mohankumara

and Cessationof Sri Sheikh

HasanZiyaullah

5 Form DIR-12 Sec 168 Cessation of 24/08/2016 Yes Rs 600/- G11738218 FiledSri Rani Satish

Appointment ofSir Kulkarni

6 Form DIR-12 Sec 152 Vinay 27/10/2016 Yes Rs 600/- G18147280 FiledRajasheka

rappa

NominationWithdrawn Cessation of

7 Form DIR-12 by Sri.Nilaya 12/12/2016 Yes Rs. 600/- G2916184 Filedappointing Mitashauthority

Sec 152 Appointment ofNomination Sri. RajenderaWithdrawn Kumar Kataria Filed with

8 Form DIR-12 by Cessation of 03/04/2017 Delay Additional G39988290 Filedappointing Pattanashetti Fee Rs.1800/-authority Subhas

Shivappa

Appointment of Filed with9 Form DIR-12 Sec 152 Sri. Saskhanth 21/07/2017 Delay Additional G4882074 Filed

Senthil Fee Rs.6600/-

THE HUTTI GOLD MINES COMPANY LIMITED

61

7: Board Meeting Minutes

MINUTES

Board Meeting

Date of Gap Has the Place of Total No. Leave of Total No. ChairmanMeeting Between notice Meeting of Directors Absence of Directors of the

the two been on the Granted Present MeetingBoard served Board on to Director

Meetings on time date ofMeeting

06/05/2016 77 Yes Registered Office 12 03 09 Smt . RaniDays Satish,

Ex Minister

05/08/2016 90 Yes Registered Office 12 04 08 Smt . RaniDays Satish,

Ex Minister

06/10/2016 91 No* Registered Office 12 01 11 Sri.VinayDays Kulkarni

19/11/2016 43 Yes Registered Office 11 08 03 Sri B R Yavagal,Days MLA

24/01/2017 65 Yes Registered Office 11 03 08 Sri B R Yavagal,Days MLA

25/03/2017 69 Days Yes Vikas Soudha 12 01 11 Sri B R Yavagal,MLA

* Notice has been served at shorter notice.

THE HUTTI GOLD MINES COMPANY LIMITED

62

8. Audit Committee Meeting Details:

Date of Has the Place of Total No. Leave of Total No. ChairmanMeeting notice Meeting of Directors Absence of Directors of the

been constituting Granted Present Meetingserved the Audit to Directoron time Committee

Chamber ofthe Secretary

11/05/2016 Yes to Govt. 3 1 2 Sri ArvindFinance Dept, Srivastava, IASVidhanaSoudha

KarnatakaStateBeveragesCorporation

02/08/2016 Yes Ltd, 3 1 2 Sri Arvind4th Block, Srivastava, IASBMTCBuilding,K H RoadShanthinagar

Chamber ofthe Secretaryto Govt.

23/02/2017 Yes Finance Dept. 3 0 3 Sri Arvind(B&R), Srivastava, IASVidhanaSoudha

THE HUTTI GOLD MINES COMPANY LIMITED

63

9: Annual/Extra Ordinary General Meeting Minutes

Date of Date of Place of No. of No. of ChairmanMeeting serving the Meeting Members Proxy of the

Notice Attended the attended the MeetingMeeting Meeting

29/09/2016 07/09/2016 Registered Office 24+3 - Sri. Tushar GiriNath IAS

10. Resolution by Circulation:

The Resolution by Circulation has been consented by majority of the directors and it has been noted & recordedaccordingly in the subsequent Board Meetings.

1. 05/08/2016 Board Meeting: There was 1 Resolution by Circulation was passed on 04/07/2016 noted inthe Board Meeting.

2. 19/11/2016 Board Meeting: There was 1 Resolution by Circulation was passed on20/10/2016 noted inthe Board Meeting.

3. 24/01/2017 Board Meeting: There was 1 Resolution by Circulation was passed on 12/01/2017 noted inthe Board Meeting

11: Details Regarding Office of Place of Profit:

HGML being a government company, the above provision is not applicable. All the directors are Governmentrepresentatives, there is no interest being government nominees.

12: KEY MANAGERIAL PERSONNEL

1. Name of Person /PAN : Thamenahalli Hanumantharayappa Mohankumar

Qualification : Bachelor of Engineering, IAS

Age : 48 Years

Designation : Managing Director

Date of Appointment : 17/08/2016, Date of Cessation: Nil

Remuneration as per last Salary drawn : Nil (Since he is holding concurrent charge withPCKL, salary is not paid by HGML)

Date of filing of DIR12 : Filed DIR 12 as per Companies Act 2013.

No. of shares held : Nil

THE HUTTI GOLD MINES COMPANY LIMITED

64

2. Name of Person /PAN : Sheikh Hasan Ziyaullah

Qualification : B.Tech, IAS

Age : 55 Years

Designation : Managing Director

Date of Appointment : 04/01/2016, Date of Cessation: 17/08/2016

Remuneration as per last Salary drawn : Additional Charge Allowance paid

Date of filing of DIR12 : Filed DIR 12 as per Companies Act 2013.

No. of shares held : Nil

13: CORPORATE SOCIAL RESPONSIBILITY (CSR)

The company has a CSR policy in place and is adhering the CSR guidelines. The provision relating to havingminimum one independent director in the committee has not been followed by the company.

14. Charge Creation/ Satisfaction Details:

Sl. No. Charge ID Date of Charge Charge Charge Address ServiceCreation/ amount Holder Request

Modification secured Number(SRN)

1 80018886 11/06/2011 6,00,00,000 STATE BANK Industrial FinanceOF HYDERABAD Branch,No.85,

1st Floor,Sheriff House,

Richmond Road,Bangalore,

Karnataka - 560025 B16447385

15. VAT 100 Filling Details

Vat 100 Filling Details

Sl.No Month CTD Ref No Due Date Date of Filling Remarks

1 Apr-16 1398485765 20-May-16 19-May-16 NA

2 May-16 1395760828 20-Jun-16 18-Jun-16 NA

3 Jun-16 - 20-Jul-16 18-Jul-16 NA

THE HUTTI GOLD MINES COMPANY LIMITED

65

4 Jul-16 1468365612 20-Aug-16 19-Aug-16 NA

5 Aug-16 1470601697 20-Sep-16 19-Sep-16 NA

6 Sep-16 - 20-Oct-16 18-Oct-16 NA

7 Oct-16 1516181970 20-Nov-16 18-Nov-16 NA

8 Nov-16 1505538565 20-Dec-16 20-Dec-16 NA

9 Dec-16 1577825896 20-Jan-17 17-Jan-17 NA

10 Jan-17 1675175553 20-Feb-17 18-Feb-17 NA

11 Feb-17 1650433396 20-Mar-17 17-Mar-17 NA

12 Mar-17 1627884159 20-Apr-17 19-Apr-17 NA

16. Filing of PF Return in Form ECR

Sl.No Month Amount (Rs) Due date Date of Payment Remarks

1 01-04-16 2467353.68 20-05-16 10-05-16 -

2 01-05-16 24851347.14 20-06-16 15-06-16 -

3 01-06-16 23505442.64 20-07-16 12-07-16 -

4 01-07-16 24228427.06 20-08-16 11-08-16 -

5 01-08-16 24291427.54 20-09-16 12-09-16 -

6 01-09-16 23435564.75 20-10-16 14-10-16 -

7 01-10-16 24849007.11 20-11-16 14-11-16 -

8 01-11-16 2587391.25 20-12-16 15-12-16 -

9 01-12-16 24852807.22 15-01-17 13-01-17 -

10 01-01-17 26058330.80 15-02-17 14-02-17 -

11 01-02-17 24949962.33 15-03-17 14-03-17 -

12 01-03-17 26991215.00 15-04-16 15-04-16 -

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oÉêÀtÂUÀ¼À£ÀÄß ºÉÆgÀvÀÄ SÁwæ¬Ä®èzÀ oÉêÀtÂUÀ¼ÀÄ MlÄÖ IÄtUÀæ ÀÛvÉ¥Àr¹zÀ SÁwæ ¸Á®UÀ¼ÀÄ ¸Á®UÀ¼ÀÄ

ªÀµÀðzÁgÀA sÀzÀ°è£ÀIÄtUÀæ¸ÀÛvÉ

i) C À®Ä ªÉÆvÀÛ

ii) ¨ÁQ¬ÄgÀĪÀ ¥ÁªÀw¹®èzÀ§rØ

iii) MzÀV §AzÀ ¨ÁQ¬ÄgÀzÀ§rØ

MlÄÖ (i+ii+iii)

ªÀµÀðzÀ°è£À IÄtUÀæ ÀÛvÉAiÀÄ°è§zÀ ÁªÀuÉ

• PÀÆrPÉ

• PÀ¼ÉvÀ

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i) C À°£ÀªÉÆvÀÛ

ii) ¨ÁQ¬ÄgÀĪÀ ¥ÁªÀw¹®èzÀ§rØ

iii) MzÀV §AzÀ ¨ÁQ¬ÄgÀzÀ§rØ

MlÄÖ (i+ii+iii)

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VI. ¤zÉÃð±ÀPÀgÀÄUÀ¼ÀÄ ªÀÄvÀÄÛ ¥ÀæªÀÄÄR DqÀ½vÀ ¹§âA¢AiÀÄ ÀA sÁªÀ£É

A.ªÀåªÀ ÁÜ¥ÀPÀ ¤zÉÃð±ÀPÀgÀÄ, ¥ÀÆtðPÁ°PÀ ¤zÉÃð±ÀPÀgÀÄ/ CxÀªÁ ªÀåªÀ ÁÜ¥ÀPÀgÀÄ

PÀæªÀÄ ÀA sÁªÀ£ÉAiÀÄ «ªÀgÀUÀ¼ÀÄ ªÀåªÀ ÁÜ¥ÀPÀ ¤zÉÃð±ÀPÀgÀÄ, ¥ÀÆtðPÁ°PÀ ¤zÉÃð±ÀPÀgÀÄ MlÄÖ¸ÀA. ªÀåªÀ¸ÁÜ¥ÀPÀgÀÄUÀ¼ÀÄ ªÉÆvÀÛ

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1 MlÄÖ ªÉÃvÀ£À Rs. Rs.

(a) DzÁAiÀÄ vÉjUÉ 1961gÀ 3,29,756 3,29,756ÉPÀë£ï 17(1)gÀ jÃvÀå ªÉÃvÀ£À

(b) DzÁAiÀÄ vÉjUÉ 1961gÀÉPÀë£ï 17(2)gÀ jÃvÀåÀªÀ®vÀÄÛUÀ¼À ªÀiË®å

(c) DzÁAiÀÄ vÉjUÉ 1961gÀÉPÀë£ï 17(3)gÀ jÃvÀå ªÉÃvÀ£À

§zÀ°UÉ ¯Á sÀ

2 ¸ÁÖPï D¥Àê£ï - - - - -

3 ¥Àj±ÀæªÀÄ µÉÃgÀÄUÀ¼ÀÄ - - - - -

4 PÀ«ÄõÀ£ï - ¯Á sÀzÀ ±ÉÃPÀqÁªÁgÀÄ - - - - -

5 EvÀgÉà (¤¢ðµÀÖ¥Àr¹) - - - - -

MlÄÖ(J) 3,29,756 3,29,756

PÁ¬ÄzÉAiÀÄ jÃvÀå UÀjµÀÖ ªÉƧ®UÀÄ - - - - -

B. EvÀgÉà ¤zÉÃð±ÀPÀgÀÄUÀ½UÉ ÀA sÁªÀ£É

PÀæªÀÄ ÀA sÁªÀ£ÉAiÀÄ «ªÀgÀUÀ¼ÀÄ ¤zÉÃð±ÀPÀgÀ ºÉ ÀgÀÄUÀ¼ÀÄ MlÄÖ¸ÀA. ªÉÆvÀÛ

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1 ÀévÀAvÀæ ¤zÉÃð±ÀPÀgÀÄ - - - - -

• ¤zÉÃð±ÀPÀ ªÀÄAqÀ½/ À«ÄwAiÀÄÀ sÉUÀ¼À ºÁdjUÉ ¤ÃqÀ ÁzÀ ¦üûà ÀÄ 56,000

• PÀ«ÄõÀ£ï - - - - -

• EvÀgÉ (zÀAiÀÄ«lÄÖ ¤¢ðµÀÖ ¥Àr¹) - - - - -

MlÄÖ (1) 56,000

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

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2 EvÀgÉà PÁAiÀÄð¤ªÁðºÀPÀgÀ®èzÀ ¤zÉÃð±ÀPÀgÀÄUÀ¼ÀÄ - - - - -

• ¤zÉÃð±ÀPÀ ªÀÄAqÀ½/ À«ÄwÀ sÉUÀ¼À ºÁdjUÉ ¤ÃqÀ ÁzÀ ¦üà ÀÄ

• PÀ«ÄõÀ£ï

• EvÀgÉà (¤¢ðµÀÖ¥Àr¹)

MlÄÖ (2)

MlÄÖ (B)=(1+2) - - - - -

MlÄÖ DqÀ½vÁvÀäPÀ ¹§âA¢ÀA sÁªÀ£É

PÁAiÉÄÝ jÃvÀå UÀjµÀ× ªÉƧ®UÀÄ

C. ªÀåªÀ ÁÜ¥ÀPÀ ¤zÉÃð±ÀPÀgÀÄ, ¥ÀÆtðPÁ°PÀ ¤zÉÃð±ÀPÀgÀÄ, ªÀåªÀ ÁÜ¥ÀPÀgÀ®èzÀ ¥ÀæªÀÄÄR DqÀ½vÀ ¹§âA¢UÀ¼À ÀA sÁªÀ£É

PÀæªÀÄ ÀA sÁªÀ£ÉAiÀÄ «ªÀgÀUÀ¼ÀÄ ¥ÀæªÀÄÄR DqÀ½vÁvÀäPÀ ¹§âA¢UÀ¼ÀÄ MlÄÖ ªÉÆvÀÛÀASÉå

¹EN/ ªÀÄÄRåªÀåªÀ ÁÜ¥ÀPÀ ºÀtPÁ ÀĤzÉÃð±ÀPÀgÀÄ C¢üPÁj

1 1. MlÄÖ ªÉÃvÀ£À gÀÆ. gÀÆ. gÀÆ.

(a) DzÁAiÀÄ vÉjUÉ 1961 ÉPÀë£ï 17(1)gÀ jÃvÀåªÉÃvÀ£À 3,29,756 14,67,610 17,97,366

(b) DzÁAiÀÄ vÉjUÉ 1961 ÉPÀë£ï 17(2)gÀ jÃvÀå¸ÀªÀ®vÀÄÛUÀ¼ÀÄ

(c) DzÁAiÀÄ vÉjUÉ 1961gÀ ÉPÀë£ï 17(3)gÀ jÃvÀåªÉÃvÀ£ÀzÀ §zÀ°UÉ ¯Á sÀ

2 ¸ÁÖPï D¥Àê£ï

3 ¥Àj±ÀæªÀÄ µÉÃgÀÄUÀ¼ÀÄ

4 PÀ«ÄõÀ£ï - ¯Á sÀzÀ ªÉÄð£À ±ÉÃPÀqÁªÁgÀÄ

- EvÀgÉà (¤¢ðµÀÖ¥Àr¹)

5 EvÀgÉà (zÀAiÀÄ«lÄÖ ¤¢ðµÀÖ¥Àr¹)

MlÄÖ 3,29,756 14,67,610 17,97,366

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VIII. zÀAqÀ/²PÉë/C¥ÀgÁzsÀUÀ¼À gÁf PÀ§Æ°UÀ¼ÀÄ

ªÀiÁzÀj PÀA¥À¤ ¸ÀAQë¥ÀÛ «¢ü À¯ÁzÀ ¥Áæ¢üPÁgÀ ªÉÄîä£À«PÁ¬ÄzÉAiÀÄ «ªÀgÀUÀ¼ÀÄ zÀAqÀ/²PÉÀë/ [Dgïr/ À°è À ÁVzÀÝgɸÉPÀë£ï C¥ÀgÁzsÀ J£ï¹J¯ïn/ CzÀgÀ

gÁf PÀ§Æ°UÀ¼ÀÄ PÉÆÃlÄð] «ªÀgÀUÀ¼ÀÄ

A. PÀA¥À¤

zÀAqÀ - - - - -

²PÉë - - - - -

gÁfPÀ§Æ°UÀ¼ÀÄ - - - - -

B. ¤zÉÃð±ÀPÀgÀÄUÀ¼ÀÄ

zÀAqÀ - - - - -

²PÉë - - - - -

gÁfPÀ§Æ°UÀ¼ÀÄ - - - - -

C. vÀ¦àvÀ ÀÜ EvÀgÉà C¢üPÁjUÀ¼ÀÄ

zÀAqÀ - - - - -

²PÉë - - - - -

gÁfPÀ§Æ°UÀ¼ÀÄ - - - - -

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¸ÀévÀAvÀæ ¯ÉPÀÌ ¥Àj±ÉÆÃzsÀPÀgÀ ªÀgÀ¢¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀzÀ ¸ÀzÀ¸ÀåjUÉ

DyðPÀ ¹Üw «ªÀgÀuÁ ¥ÀnÖUÀ¼À ªÉÄð£À ªÀgÀ¢

1. ¨sÁgÀwÃAiÀÄ ¯ÉPÀ̱Á¸ÀÛçUÀ½UÉ C£ÀÄUÀÄtªÁzÀ ¹Üw«ªÀgÀuÁ ¥ÀnÖ, ¯Á¨sÀ £ÀµÀÖzÀ vÀ¦ìÃ®Ä ªÀÄvÀÄÛ ¯ÉPÁÌZÁgÀUÀ¼À ¥ÀæªÀÄÄR ¤ÃwUÀ¼ÀÄ ªÀÄvÀÄÛEvÀgÉà «ªÀgÀuÁzÁAiÀÄPÀ ªÀiÁ»wUÀ¼À£ÉÆß¼ÀUÉÆAqÀ 31£Éà ªÀiÁZïð 2017gÀAzÀÄ CAvÀåUÉÆAqÀ ªÀµÀðzÀ DyðPÀ ¹Üw «ªÀgÀuÁ¥ÀnÖUÀ¼À£ÀÄß £ÁªÀÅ ¥Àj±ÉÆâü¹zÉÝÃªÉ ªÀÄvÀÄÛ £ÀªÀÄä ªÀgÀ¢AiÀÄ£ÀÄß 10-11-2017gÀAzÀÄ ¸À°è¹zÉÝêÉ. vÀzÀ£ÀAvÀgÀ ¨sÁgÀvÀzÀ PÀA¥ÉÆÖçîgïªÀÄvÀÄÛ Drlgï d£ÀgÀ¯ïgÀªÀgÀ CªÀ¯ÉÆÃPÀ£ÀUÀ¼À ¨É¼ÀQ£À°è £ÀªÀÄä ªÀgÀ¢AiÀÄÄ ¥ÀjµÀÌgÀuÉUÉÆArzÉ. F ªÀgÀ¢AiÀÄÄ £ÀªÀÄä »A¢£À vÁ.10-11-2017gÀ ªÀgÀ¢AiÀÄ£ÀÄß CwPÀæ«Ä¸ÀÄvÀÛzÉ.

2. DyðPÀ ¹Üw «ªÀgÀuÁ ¥ÀnÖUÀ¼À §UÉUÉ DqÀ½vÀ ªÀUÀðUÀ¼À dªÁ¨ÁÝj

PÀA¥À¤ PÁ¬ÄzÉ 2013gÀ ¸ÉPÀë£ï 134(5)gÀrAiÀÄ°è ºÉ¸Àj¸À¯ÁzÀ ¯ÉPÁÌZÁgÀzÀ ¤ÃwUÀ½UÀ£ÀĸÁgÀªÁV DyðPÀ ¹ÜwUÀwUÀ¼ÀÄ, DyðPÀ¤ªÀðºÀuÉ ªÀÄvÀÄÛ ºÀtzÀ ºÀj«£À §UÉUÉ £ÉÊd ªÀÄvÀÄÛ £ÁåAiÉÆÃavÀªÁzÀ £ÉÆÃlªÀ£ÀÄß PÉÆqÀĪÀ ÉPÀë£ï 133 gÀrAiÀÄ°è ¤¢üðµÀÖ ¥Àr¸À¯ÁzÀ¯ÉPÁÌZÁgÀ±Á¸ÀÛçzÀ ªÀiÁ£ÀzÀAqÀUÀ¼ÀÄ ªÀÄvÀÄÛ PÀA¥À¤UÀ¼À (¯ÉPÀÌ¥ÀvÀæUÀ¼ÀÄ) ¤AiÀĪÀÄ 2014gÀ 7£Éà ¤AiÀĪÀÄzÀ CrAiÀÄ°è DyðPÀ ¹Üw «ªÀgÀuÁ¥ÀnÖUÀ¼À vÀAiÀiÁjPÉ DqÀ½vÀ ªÀUÀðzÀ dªÁ¨ÁÝjAiÀiÁVgÀÄvÀÛzÉ.

F dªÁ¨ÁÝjAiÀÄ°è, ªÀAZÀ£É CxÀªÁ vÀ¥ÀÄà ºÉýPÉUÀ½AzÀ GAmÁzÀ UÀtå vÀ¥ÀÄàUÀ½AzÀ ºÉÆgÀvÁzÀ £ÉÊdªÁzÀ ªÀÄvÀÄÛ £ÁåAiÉÆÃavÀªÁzÀ£ÉÆÃlªÀ£ÀÄß ¤ÃqÀĪÀ ¹Üw «ªÀgÀuÁ ¥ÀnÖUÀ¼À vÀAiÀiÁjPÉ ªÀÄvÀÄÛ ¥ÀæPÀlUÉƽ¸ÀÄ«PÉUÀ½PÉ CªÀ±ÀåPÀªÁzÀ DAvÀjPÀ ¤AiÀÄAvÀætUÀ¼À «£Áå¸À,C¼ÀªÀrPÉ ªÀÄvÀÄÛ CªÀÅUÀ¼À ¤ªÀðºÀuÉ; PÀA¥À¤AiÀÄ D¹ÛUÀ¼À ÀAgÀPÀëuÉ ªÀÄvÀÄÛ ªÀAZÀ£ÉUÀ¼À£ÀÄß ªÀÄvÀÄÛ EvÀgÉ CPÀæªÀÄUÀ¼À£ÀÄß ¥ÀvÉÛ ªÀiÁqÀĪÀÅzÀÄ,¸ÀÆPÀÛ ÉPÁÌZÁgÀzÀ ¤ÃwUÀ¼À£ÀÄß DAiÀÄÄÝ C¼ÀªÀr¹PÉƼÀÄîªÀ°è ÀÆPÀÛ wêÀiÁð£ÀUÀ¼À£ÀÄß vÉUÉzÀÄPÉƼÀÄîªÀÅzÀÄ ªÀÄvÀÄÛ GavÀ CAzÁdÄUÀ¼À£ÀÄß«ªÉÃPÀAiÀÄÄPÀÛªÁV «£Áå¸ÀUÉƽ¹ C¼ÀªÀr¹PÉƼÀÄîªÀÅzÀÆ ¸ÉÃjgÀÄvÀÛªÉ.

3. ¯ÉPÀÌ ¥Àj±ÉÆÃzsÀPÀgÀ ªÀgÀ¢

£ÀªÀÄä ÉPÀÌ¥Àj±ÉÆÃzsÀ£ÉAiÀÄ£ÀÄß DzsÀj¹ F sÁgÀwÃAiÀÄ ÉPÀÌ ±Á¸ÀÛçUÀ¼ÁzsÀjvÀ DyðPÀ ¹Üw «ªÀgÀuÁ ¥ÀnÖUÀ¼À ªÉÄÃ¯É £ÀªÀÄä C©ü¥ÁæAiÀĪÀ£ÀÄߪÀåPÀÛ¥Àr¸ÀĪÀÅzÀÄ £ÀªÀÄä dªÁ¨ÁÝjAiÀiÁVgÀÄvÀÛzÉ.

PÁ¬ÄzÉ ªÀÄvÀÄÛ CzÀgÀrAiÀÄ°è gÀƦ¸À¯ÁzÀ ¤AiÀĪÀÄUÀ½UÀ£ÀĸÁgÀ ¥Á°¸À¨ÉÃPÁzÀ ¯ÉPÀ̱Á¸ÀÛçUÀ¼À ªÀÄvÀÄÛ ¯ÉPÀÌ¥Àj±ÉÆÃzsÀ£ÉUÀ¼ÀªÀiÁ£ÀzÀAqÀUÀ¼À£ÉÆß¼ÀUÉÆAqÀ «µÀAiÀÄUÀ¼À£ÀÄß £ÀªÀÄä ªÀgÀ¢AiÀÄ°è UÀt£ÉUÉ vÉUÉzÀÄPÉÆArzÉÝêÉ.

PÁ¬ÄzÉAiÀÄ ¸ÉPÀë£ï 143(10)gÀrAiÀÄ°è ¤¢ðµÀÖ¥Àr¸À¯ÁzÀ ¯ÉPÀÌ ¥Àj±ÉÆÃzsÀ£Á ªÀiÁ£ÀzÀAqÀUÀ¼À DzsÁgÀzÀ ªÉÄÃ¯É £ÁªÀÅEAqï-JJ¸ïUÀ½UÀ£ÀĸÁgÀªÁVgÀĪÀ DyðPÀ ¹Üw «ªÀgÀuÁ ¥ÀnÖUÀ¼À ÉPÀÌ ¥Àj±ÉÆÃzsÀ£ÉAiÀÄ£ÀÄß ªÀiÁrgÀÄvÉÛêÉ. F ªÀiÁ£ÀzÀAqÀUÀ¼ÀÄ £ÁªÀÅ£ÉÊwPÀ CªÀ±ÀåPÀvÉUÀ½UÀ£ÀĸÁgÀªÁV £ÀªÀÄä ÉPÀÌ ¥Àj±ÉÆÃzsÀ£ÉAiÀÄ£ÀÄß AiÉÆÃf¹PÉÆAqÀÄ ºÁUÀÆ £Àqɹ, ÉPÀÌ¥ÀvÀæUÀ¼ÀÄ UÀtå C¥ÀºÉýPÉUÀ½AzÀªÀÄÄPÀÛªÁVªÉ JA§ D±Áé¸À£ÉAiÀÄ£ÀÄß ¥ÀqÉAiÀÄĪÀ CªÀ±ÀåPÀvÉAiÀÄ£ÀÄß ºÉýªÉ.

£Áxï C¸ÉÆùAiÉÄÃmïìbÁlðqïð CPËAmÉAmïì

433/¹, 5£Éà CqÀØgÀ¸ÉÛ, 7£Éà ¨ÁèPï ¥À²ÑªÀÄ,

dAiÀÄ£ÀUÀgÀ, ¨ÉAUÀ¼ÀÆgÀÄ-560082

©.J¸ï. ªÀÄAdÄ£Áxï, J¥sï.¹.J;[email protected] /9880895018©.J£ï. ÀÄ¢üÃAzÀæ, J¥sï.¹.J; [email protected] /9902971527UËj ©.JA., J.¹.J; [email protected].

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

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MAzÀÄ ¥Àj±ÉÆÃzsÀ£ÉAiÀÄÄ, DyðPÀ ¹Üw «ªÀgÀuÁ ¥ÀnÖUÀ¼À°è vÉÆÃj¸À¯ÁzÀ ªÉƧ®UÀÄUÀ¼À ªÀÄvÀÄÛ ¥ÀæPÀluÉUÀ¼À §UÉUÉ ¥Àj±ÉÆÃzsÀ£Á

¸ÁPÀëöåUÀ¼À£ÀÄß ¥ÀqÉAiÀĨÉÃQgÀĪÀ ¥ÀæQæAiÉÄUÀ¼À£ÀÆß M¼ÀUÉÆArgÀÄvÀÛzÉ. DyðPÀ ¹Üw «ªÀgÀuÁ ¥ÀnÖUÀ¼À°è ªÀAZÀ£É CxÀªÁ

vÀ¥ÀÄàUÀ½AzÁUÀ§ºÀÄzÁzÀ UÀÄgÀÄvÀgÀ C¥ÀºÉýPÉUÀ½AzÁzÀ C¥ÁAiÀÄUÀ¼À£ÀÄß ¤zsÀðj¸ÀĪÀ ¥ÀæQæAiÉÄUÀ¼À DAiÉÄÌAiÀÄÆ ¥Àj±ÉÆÃzsÀPÀgÀ

«ªÉÃZÀ£ÉUÉ M¼À¥ÀnÖgÀÄvÀÛzÉ. F C¥ÁAiÀÄUÀ¼À£ÀÄß ¤zsÀðj¸ÀĪÁUÀ ¯ÉPÀÌ ¥Àj±ÉÆÃzsÀPÀgÀÄ PÀA¥À¤AiÀÄ ¯ÉPÀÌ ¥ÀvÀæUÀ¼ÀÄ £ÉÊd ªÀÄvÀÄÛ

£ÁåAiÀÄAiÀÄÄvÀªÁzÀ £ÉÆÃlªÀ£ÀÄß ¤ÃqÀÄvÀÛªÉ JA§ÄzÀ£ÀÄß ªÀÄ£ÀUÁtÄvÁÛgÉ. ¯ÉPÀÌ ¥Àj±ÉÆÃzsÀ£ÉAiÀÄÄ, PÀA¥À¤AiÀÄ ¤zÉÃð±ÀPÀgÀÄUÀ¼ÀÄ

§¼À¹PÉÆAqÀ ÉPÁÌZÁgÀ ¤ÃwUÀ¼À ªÀÄvÀÄÛ CAzÁdÄUÀ¼À AiÀÄPÁÛAiÀÄÄPÀÛvÉUÀ¼À ªÀÄvÀÄÛ EAqï-JJ¸ï DzsÁjvÀ DyðPÀ ¹Üw «ªÀgÀuÁ ¥ÀnÖUÀ¼À

¸ÀªÀÄUÀæ ¥Àæ¸ÀÄÛvÀ ¥Àr¸ÀÄ«PÉAiÀÄ §UÉV£À ªÀiË°åÃPÀgÀtªÀ£ÀÆß M¼ÀUÉÆArgÀÄvÀÛzÉ.

4. µÀgÀvÀÄÛ§zÀÞ C©ü¥ÁæAiÀÄzÀ DzsÁgÀ :

i) PÀA¥À¤AiÀÄÄ ¨sÀÆ«ÄAiÀÄ£ÀÄß EAqï-JJ¸ï ªÀiÁ£ÀzÀAqÀ ¥ÀæPÁgÀ ¥ÀÄ£ÀªÀiËð°åÃPÀgÀt ªÀiÁrzÉ ªÀÄvÀÄÛ CzÀÄ C£ÀĪÉÆâvÀ ªÀiË®å

ªÀiÁ¥ÀPÀgÀÄ ªÀiÁrzÀ ªÀiË®åzÀ DzsÁgÀzÀ ªÉÄðzÉ.

ªÀiË®åªÀiÁ¥ÀPÀgÀÄ vÀªÀÄä ªÀgÀ¢AiÀÄ°è w½¹gÀĪÀAvÉ, ¤µÀàPÀëªÁzÀ ªÀiË®åªÀ£ÀÄß ¤zsÀðj¸À¯ÉÆøÀÄUÀ, ªÀiÁgÀÄPÀmÉÖ ªÀiË®åzÀ «zsÁ£ÀªÀ£ÀÄß

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£ÀªÀÄUÉ ¤ÃqÀ¯ÁzÀ ªÀiÁ»w ªÀÄvÀÄÛ «ªÀgÀuÉUÀ½UÀ£ÀĸÁgÀªÁV ªÀÄvÀÄÛ £ÀªÀÄä ¥Àj±ÉÆÃzsÀ£ÉUÉ zÉÆgÀQ¸À¯ÁzÀ zÁR¯ÉUÀ¼ÀÄ ªÀÄvÀÄÛzÀ¸ÁÛªÉÃdÄUÀ¼À DzsÁgÀzÀ ªÉÄÃ¯É £ÁªÀÅ F PɼÀPÀAqÀAvÉ ªÀgÀ¢ ªÀiÁqÀÄvÉÛêÉ.

i. PÀA¥À¤AiÀÄ ¹ÜgÁ¹ÛUÀ¼À §UÉUÉ :

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PɼÀPÀAqÀ G¥À§AzsÀUÀ¼À C£ÀéAiÀÄ, PÀA¥À¤AiÀÄÄ ¥ÀÄ ÀÛPÀUÀ¼ÀÄ, £ÀqÁªÀ½ ¥ÀÄ ÀÛPÀUÀ¼ÀÄ, £ÀªÀÄÆ£ÉUÀ¼ÀÄ ªÀÄvÀÄÛ À°èPÉUÀ¼ÀÄ ªÀÄvÀÄÛ EvÀgÉà zÁR ÉUÀ¼À£ÀÄß31£Éà ªÀiÁZïð 2017PÉÌ CAvÀåUÉÆAqÀ ªÀµÀðPÉÌ EnÖzÀÄÝ CzÀ£ÀÄß £ÁªÀÅ ¥ÀjÃQë¹zÉÝêÉ.

(i) PÀA¥À¤ PÁ¬ÄzÉ 2013 ªÀÄvÀÄÛ CzÀgÀrAiÀÄ°è£À ¤AiÀĪÀÄUÀ¼ÀÄ;

(ii) ÉPÀÄåjnøï PÁAmÁæPïÖ (¤AiÀĪÀÄUÀ¼ÀÄ) PÁ¬ÄzÉ, 1956 ªÀÄvÀÄÛ CzÀgÀrAiÀÄ°è£À ¤AiÀĪÀÄUÀ¼ÀÄ;

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(iii) qÉ¥Á¹ljøï PÁ¬ÄzÉ 1996 ªÀÄvÀÄÛ CªÀÅUÀ¼ÀrAiÀÄ°è£À ¤AiÀĪÀÄUÀ¼ÀÄ ªÀÄvÀÄÛ G¥À¤AiÀĪÀÄUÀ¼ÀÄ;

(iv) «zÉò «¤ªÀÄAiÀÄ ¤ªÀðºÀuÁ PÁ¬ÄzÉ 1999 ªÀÄvÀÄÛ CzÀgÀrAiÀÄ°è «zÉò £ÉÃgÀ §AqÀªÁ¼À, ¸ÁUÀgÉÆÃvÀÛgÀ £ÉÃgÀ §AqÀªÁ¼ÀªÀÄvÀÄÛ ¨ÁºÀå ªÁtÂdå ¸Á®UÀ¼À §UÉV£À ¤AiÀĪÀÄUÀ¼ÀÄ ªÀÄvÀÄÛ G¥À§AzsÀUÀ¼ÀÄ

(v) ÉPÀÄåjnÃ¸ï ªÀÄvÀÄÛ «¤ªÀÄAiÀÄ ªÀÄAqÀ½ ¤AiÀĪÀÄUÀ¼ÀÄ 1992 ( É© PÁ¬ÄzÉ)gÀrAiÀÄ°è£À F PɼÀPÀAqÀ ¤AiÀĪÀÄUÀ¼ÀÄ ªÀÄvÀÄÛªÀiÁUÀðzÀ²ðUÀ¼ÀÄ.

J. sÁgÀwÃAiÀÄ ÉPÀÄåjnÃ¸ï ªÀÄvÀÄÛ «¤ªÀÄAiÀÄ ªÀÄAqÀ½ (UÀt£ÁºÀð µÉÃgÀÄUÀ¼À ¸Áé¢üãÀ) ¤AiÀĪÀÄUÀ¼ÀÄ 2011;

©. sÁgÀwÃAiÀÄ ÉPÀÄåjnÃ¸ï ªÀÄvÀÄÛ «¤ªÀÄAiÀÄ ªÀÄAqÀ½ (CAvÀgÀAUÀ ªÀiÁgÁlUÀ¼À §»µÁÌgÀ) ¤AiÀĪÀÄUÀ¼ÀÄ 1992;

¹. sÁgÀwÃAiÀÄ ÉPÀÄåjnÃ¸ï ªÀÄvÀÄÛ «¤ªÀÄAiÀÄ ªÀÄAqÀ½ (§AqÀªÁ¼À ¤ÃrPÉ ªÀÄvÀÄÛ ¥ÀæPÀluÉUÀ¼À CªÀ±ÀåPÀvÉUÀ¼ÀÄ) ¤AiÀĪÀÄUÀ¼ÀÄ2009;

r. ¨sÁgÀwÃAiÀÄ ¸ÉPÀÄåjnÃ¸ï ªÀÄvÀÄÛ «¤ªÀÄAiÀÄ ªÀÄAqÀ½ (GzÉÆåÃVUÀ¼À ¸ÁÖPï D¥Àê£ï ¹ÌêÀiï ªÀÄvÀÄÛ GzÉÆåÃVUÀ¼À¸ÁÖPï Rjâ ¹ÌêÀiï) ¤AiÀĪÀÄUÀ¼ÀÄ 1999;

E. sÁgÀwÃAiÀÄ ÉPÀÄåjnÃ¸ï ªÀÄvÀÄÛ «¤ªÀÄAiÀÄ ªÀÄAqÀ½ (¸Á®¥ÀvÀæUÀ¼À ¤ÃqÀÄ«PÉ ªÀÄvÀÄÛ £ÉÆÃAzÀtÂ) ¤AiÀĪÀÄUÀ¼ÀÄ 2008;

J¥sï. sÁgÀwÃAiÀÄ ÉPÀÄåjnÃ¸ï ªÀÄvÀÄÛ «¤ªÀÄAiÀÄ ªÀÄAqÀ½ (µÉÃgÀÄUÀ¼À ¤ÃrPÉUÀ¼À jf¸ÁÖçgÀÄUÀ¼ÀÄ ªÀÄvÀÄÛ CªÀÅUÀ¼À ªÀUÁðªÀuÉKeÉAlgÀÄ) ¤AiÀĪÀÄUÀ¼ÀÄ 1993 ªÀÄvÀÄÛ PÀA¥À¤UÀ¼À PÁ¬ÄzÉUÀ¼À §UÉV£À ªÀÄvÀÄÛ PÀQëzÁgÀgÀÄUÀ¼ÉÆA¢V£À ªÀåªÀºÁgÀUÀ¼À¤AiÀĪÀÄUÀ¼ÀÄ;

f. sÁgÀwÃAiÀÄ ÉPÀÄåjnÃ¸ï ªÀÄvÀÄÛ «¤ªÀÄAiÀÄ ªÀÄAqÀ½ (FQén µÉÃgÀÄUÀ¼À £ÉÆÃAzÀt gÀzÀÞw) ¤AiÀĪÀÄUÀ¼ÀÄ 2009 ªÀÄvÀÄÛ;

ºÉZï. sÁgÀwÃAiÀÄ ÉPÀÄåjnÃ¸ï ªÀÄvÀÄÛ «¤ªÀÄAiÀÄ ªÀÄAqÀ½ ( ÉPÀÄåjnøïUÀ¼À£ÀÄß »A¥ÀqÉAiÀÄĪÀ) ¤AiÀĪÀÄUÀ¼ÀÄ 1998;

(vi) PÁ«ÄðPÀgÀ sÀ«µÀå ¤¢ü ªÀÄvÀÄÛ EvÀgÉà K¥ÁðqÀÄUÀ¼À PÁ¬ÄzÉ 1952 ªÀÄvÀÄÛ PÀ£ÁðlPÀ ªÀiË®åªÀ¢üðvÀ vÉjUÉ PÁ£ÀÆ£ÀÄ 2003.

PÀA¥À¤ PÁ¬ÄzÉ 2013 ªÀÄvÀÄÛ PÀA¥À¤UÉ C£ÀéAiÀĪÁUÀĪÀ ªÉÄîÌAqÀ EvÀgÉà PÁ¬ÄzÉUÀ¼ÉqÉUÉ £ÀªÀÄä ¥Àj±ÉÆÃzsÀ£ÉAiÀÄ£ÀÄß £ÁªÀÅ ¹Ã«ÄvÀUÉƽ¹zÉÝêÉ.

PÀ®ªÀÄÄ (ii), (iii), (iv) ªÀÄvÀÄÛ (v) PÀA¥À¤UÉ C£ÀéAiÀĪÁUÀĪÀÅ¢®è.

PÀA¥À¤ PÁ¬ÄzÉ, PÁ«ÄðPÀgÀ sÀ«µÀå ¤¢ü ªÀÄvÀÄÛ EvÀgÉà PÁ¬ÄzÉ 1952, PÀ£ÁðlPÀ ªÀiË®åªÀ¢üðvÀ vÉjUÉ PÁ¬ÄzÉ 2013

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AUDITED ACCOUNTS

FOR

FY 2016-17

THE HUTTI GOLD MINES COMPANY LIMITED

133

NOTE: 1

I. SIGNIFICANT ACCOUNTING POLICIES

1. ACCOUNTING SYSTEM:

a. Basis of Presentation:

The accompanying financial statements have been presented for the year ended 31st March, 2017along with comparative information for the year ended 31st March, 2016. These financial statementshave been prepared in accordance with Indian Accounting Standards (Ind AS) on going concern basisunder the historical cost convention on the accrual basis of accounting and the relevant provisionsprescribed in the Companies Act 2013, besides the pronouncements/guidelines of the Institute ofChartered Accountants of India. The Ind AS are prescribed under Section 133 of the Act read withRule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Ac-counting Standards) Amendment Rules, 2016. The accounting policies have been consistently ap-plied by the Company except where a newly issued accounting standard is initially adopted or arevision to an existing accounting standard requires a change in the accounting policy hitherto in use.

The Company has adopted all the Ind AS standards and the adoption was carried out in accordancewith Ind AS 101, First Time Adoption of Indian Accounting Standards. The transition was carried outfrom Indian Accounting Principles generally accepted in India as prescribed under Section 133 of theAct, read with Rule 7 of the Companies (Accounts) Rules, 2014 (IGAAP), which was the previousGAAP.

Expenses accruing in the financial year and ascertainable with reasonable accuracy on the cut-off dateare provided for in the accounts.

b. Use of Estimates:

In preparing the Company’s financial statements in conformity with Ind AS, the Company’s manage-ment is required to make estimates, judgements and assumptions that affect the application of ac-counting policies, the reported amounts of assets and liabilities and the disclosure of contingent as-sets and liabilities at the date of the financial statements and the reported amounts of revenue andexpenses during the reporting period. Actual results could differ from those estimates. Differencebetween actual results and estimates are recognised in the period in which the results are known ormaterialise and if material, their effects are disclosed in the notes to the financial statements.

2. REVENUE RECOGNITION

In general, revenue is recognised to the extent it is probable that the economic benefits will flow to theCompany and the revenue can be reliably measured, regardless of when the payment is being made.Revenue from sale of goods is recognised when the significant risks and rewards of ownership of thegoods are transferred to the customer and is stated net of trade discounts and sales returns if any.

2.1. Sales are accounted net of discount and taxes.

2.2. Sale of Gold is accounted on the basis of weekly closing average standard rate (999 purity) of MumbaiBullion Market of that week or average rate till date of preparation of invoice.

2.3. Sale of Silver is accounted on the basis of closing rate (999 purity) of Mumbai bullion market pre-vailing on the day of preparation of invoice.

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2.4. Sale of wind power is accounted on accrual basis as per B-Form issued by KPTCL, and rate as perPower Purchase Agreement.

2.5. Sale of scrap is recognised on the basis of delivery.

2.6. Revenue grants are recognised over the periods in which they are spent to match to the related costs.

2.7. Insurance claims are recognised during the year of settlement.

3. PROPERTY, PLANT & EQUIPMENT

3.1 Property, plant and equipment (Tangible and Intangible) are carried at cost less accumulated depre-ciation. Cost comprises the purchase price and any cost attributable to bringing the asset to the loca-tion and condition necessary for its intended use. Expenditure incurred during construction periodhas been added to the cost of the assets. Capital work-in-progress are recorded at historical cost.

Land, Building, Furniture & Fixtures and Plant & Machinery are carried at revalued amount and thesurplus on revaluation is credited to Revaluation Reserve account.

The useful lives of the depreciable assets remain to be the same as that of prior to revaluation in termsof Schedule II Part C of the Companies Act

3.2 Values of abandoned Fixed Assets and Capital Work-in-progress are charged off in the year in whichthe same are identified as redundant.

3.3 Expenditure during period of construction for expansion/ modernisation/ mechanisation of existingunit is capitalised on successful completion of the concerned project.

3.4 Expenditure incurred on Mine Deepening of existing shafts are treated as revenue expenditure.

4. DEPRECIATION

Depreciation is provided in the manner prescribed in Schedule II of the Companies Act, 2013. TheCarrying Value of Fixed assets are depreciated over the revised remaining useful lives. Fixed assets hav-ing nil useful life has been charged to the opening balance of retained earnings as per the transitionalprovision prescribed in note 7 (b) of Schedule II of the Companies Act 2013.

Depreciation on the value of Revaluation is reduced from revaluation Reserve.

For the depreciation under component accounting, the component life and values are estimated by theinternal technical departments. The components, whose estimated costs are more than 10% of the origi-nal cost of the principal assets are considered as significant components.

5. INVESTMENTS

Investments that are readily realisable and intended to be held for not more than a year are classified ascurrent investments. All other investments are classified as Non-Current investments. Current invest-ments are carried at lower of cost or fair value/ market value, determined on an individual investmentbasis. Non-Current Investments are carried at cost. However, provision for diminution in value is made torecognize a decline other than temporary in the value of the investments. Profit/loss on sale of invest-ments is computed with reference to their average cost.

THE HUTTI GOLD MINES COMPANY LIMITED

135

6. VALUATION OF INVENTORIES:

6.1 STORES, SPARE PARTS & LOOSE TOOLS.

6.1.1 Stores and Spare parts purchased are valued at Weighted Average Cost.

6.1.2 Spare parts / Consumables manufactured are valued at Cost.

6.1.3 Loose Tools, unit cost of which is ‘.5000 or less are charged off in the accounts at the time ofissue from Stores. Loose Tools whose value is more than ‘.5000 is charged off at the rate of50% per year on reducing balance method till such time the Written down Value comes to‘.5000 and then charged off in full.

6.2 FINISHED GOODS:

6.2.1 Gold: At lower of cost or net realisable value (Mumbai Bullion closing price for standardgold as on 31st March less discount).

6.2.2 Silver: Lower of average selling price for the year or closing Mumbai Bullion market rate offine silver.

6.3 WORK IN PROCESS: Lower of estimated cost or net realisable value.

6.4 STOCK OF ORE ON SURFACE: Lower of cost or net estimated realisable value.

6.5 STOCK OF INCIDENTAL ORE:- The value of the inventory of the ‘incidental ore’ obtained dur-ing the course of shaft development work is considered as revenue earned in the course of assetcreation activity; and accordingly the value of such inventory is reduced from the cost of capital workin progress or capital cost of the asset creation

6.5 GOODS-IN-TRANSIT: At Cost.

6.6 Medicines, Canteen and Stationery items are charged off at purchase price since the same aremeant for immediate consumption and not for resale.

7. EMPLOYEE RETIREMENT BENEFITS:

The Company’s contribution to retirement benefits is covered under defined contribution /benefits planand is recognised as employees benefit expenses in statement of profit and loss account of the correspond-ing year

7.1 Gratuity liability is covered by Group Gratuity Policy issued by LIC of India and administered throughapproved Gratuity Trust. Current Service Cost based on Actuarial Valuation is charged to the State-ment of Profit & Loss.

7.2 Company’s contributions to Provident Fund have been made to an approved Trust/Provident FundAuthorities. The contribution is charged off to the Statement of Profit & Loss.

7.3 The liability on account of Leave Encashment entitlements of the employees is covered by policywith LIC. Current Service Cost based on Actuarial Valuation is charged to the Statement of Profit &Loss.

7.4 Company’s contribution to Superannuation in the case of eligible Officers (based on a percentage ofbasic pay and dearness allowance) is made to an approved Trust and administered by LIC of India.Annual contribution is charged to Statement of Profit & Loss.

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7.5 Provision towards twenty-five years long service award is made in the year of eligibility.

8. FOREIGN EXCHANGE TRANSACTIONS.

Initial Recognition

Foreign currency transactions are recorded in the reporting currency (INR) by applying to the foreigncurrency amount the exchange rate between the reporting currency and the foreign currency at the date ofthe transaction.

Conversion

Foreign currency monetary items are reported using the closing rate at the date of the Balance Sheet.

Non-monetary items which are carried in terms of historical cost denominated in a foreign currency arereported using the exchange rate at the date of the transaction and investments in foreign companies arerecorded at the exchange rates prevailing on the date of making the investments.

Exchange Differences

Exchange Differences is charged to the statement of profit and loss except arising on account of suchconversion related to the purchase of fixed assets is adjusted therewith , and other long term monetaryitems is adjusted in the Foreign Currency Monetary Item Translation Difference Account.

9. DEFERRED TAX LIABILITY AND CURRENT TAX PROVISION

Current income tax is measured at the amount expected to be paid to the tax authorities in accordancewith the Income Tax Act, 1961. Deferred income tax reflects the impact of current period timing differ-ences between taxable income and accounting income for the period and reversal of timing differences ofearlier periods.

Current Tax and Deferred tax liability is measured based on the tax rates and the tax laws enacted orsubstantively enacted at the balance sheet date.

Deferred tax assets are recognised only to the extent that there is virtual certainty that sufficient futuretaxable income will be available against which such deferred tax assets can be realised.

MAT credit is recognised as an asset only when and to the extent there is convincing evidence that theCompany will pay normal income tax during the specified period. In the year in which the MinimumAlternate tax (MAT) credit becomes eligible to be recognised as an asset in accordance with the recom-mendations contained in guidance note issued by the Institute of Chartered Accountants of India, the saidasset is created by way of a credit to the Statement of Profit and Loss and shown as MAT Credit Entitle-ment.

The Company reviews the carrying amount deferred tax at each Balance Sheet date.

10. PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS.

Provisions are recognised for liabilities that can be measured only by using a substantial degree of esti-mation, if

� The Company has a present obligation as a result of a past event

� A probable outflow of resources is expected to settle the obligation and

THE HUTTI GOLD MINES COMPANY LIMITED

137

� The amount of the obligation can be easily estimated.

Contingent Liability is disclosed in the case of

� A present obligation arising from a past event, when it is not probable that an outflow of resourceswill be required to settle the obligation.

� A possible obligation, unless the probability of outflow of resources is remote.

Depending on facts of each case and after due evaluation of relevant legal aspects, claims against theCompany not acknowledged as debts are disclosed as contingent liabilities.

In respect of statutory matters, contingent liabilities are disclosed only for those demand(s) that arecontested by the Company.

Contingent Assets are neither recognised nor disclosed.

11. Earnings per share:

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable toequity shareholders by the weighted average number of equity shares outstanding during the period. Theweighted average numbers of equity shares outstanding during the period are adjusted for events of bonusissue.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributableto equity shareholders and the weighted average number of shares outstanding during the period areadjusted for the effects of all dilutive potential equity shares.

12. Impairment of assets:

As at each balance sheet date, the carrying amount of assets is tested for impairment so as to determine,

a. The provision for impairment loss, if any, required or

b. The reversal, if any, required of impairment loss recognised in previous periods.

Impairment loss is recognised when the carrying amount of an asset exceeds its recoverable amount.

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PÀA¥À¤AiÀÄÄ J¯Áè EAqï-JJ¸ï ÉPÀ̱Á ÀÛçUÀ¼À ªÀiÁ£ÀzÀAqÀUÀ¼À£ÀÄß C¼ÀªÀr¹PÉÆArzÀÄÝ CªÀÅ EAqï-JJ¸ï 101gÀrAiÀÄ°è¥ÀæxÀªÀĨÁjUÉ EAqï -JJ¸ïUÀ¼À C¼ÀªÀrPÉAiÀÄ §UÉUÉ ¤UÀ¢¥Àr¹gÀĪÀAvÉ EzÉ.¤UÀ¢vÀ ¢£ÁAPÀzÀAzÀÄ ¤RgÀªÁV w½zÀÄPÉƼÀÄîªÀ ªÀÄvÀÄÛ DyðPÀ ªÀµÀðzÀ°è PÀÆrPÉÆAqÀÄ §gÀĪÀ RZÀÄð ªÉZÀÑUÀ½UÁVÉPÀÌ¥ÀvÀæUÀ¼À°è K¥ÁðqÀ£ÀÄß ªÀiÁqÀ ÁVzÉ.

©. CAzÁdÄUÀ¼À §¼ÀPÉ :

EAqï-JJ¸ï DzsÁgÀzÀ ªÉÄÃ É vÀAiÀiÁj À ÁUÀĪÀ DyðPÀ ¹Üw «ªÀgÀuÁ ¥ÀnÖUÀ¼ÉqÉUÉ PÀA¥sÀ¤AiÀÄ DqÀ½vÀ ªÀUÀðªÀÅ

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HºÉUÀ¼À£ÀÄß §¼À À ÉÃPÁzÀ CªÀ±ÀåPÀvɬÄgÀÄvÀÛzÉ.

2. ªÀgÀªÀiÁ£ÀzÀ ¥ÀjUÀt£É

AiÀiÁªÁUÀ ¥ÁªÀw ªÀiÁqÀ¯ÁUÀĪÀÅzÉA§ÄzÀgÀ §UÉUÉ UÀªÀÄ£À«j¸ÀzÉ, ¸ÁªÀiÁ£ÀåªÁV, DzÁAiÀĪÀ£ÀÆß DyðPÀ ¸Ë®¨sÀåUÀ¼ÀÄPÀA¥À¤UÉ ®©ü¸ÀĪÀÅzÀÄ ¸ÀA¨sÀªÀ¤ÃAiÀÄ ªÀÄvÀÄÛ «±Áé¸À¤ÃAiÀĪÁVgÀĪÀµÀÖgÀ ªÀÄnÖUÉ C¼ÉAiÀħºÀÄzÁzÀgÉ, ªÀgÀªÀiÁ£ÀªÉA§ÄzÁV¥ÀjUÀt¸À¯ÁUÀĪÀÅzÀÄ.

2.1 ªÀiÁgÁlUÀ½AzÀ §gÀĪÀ DzÁAiÀÄ¢AzÀ ÉÆÃr ªÀÄvÀÄÛ vÉjUÉUÀ¼À£ÀÄß PÀ¼ÉzÀÄ ¤ªÀé¼À ªÉÆvÀÛªÀ£ÀÄß ÉPÀÌPÉÌ vÉUÉzÀÄPÉƼÀî ÁUÀĪÀÅzÀÄ.

2.2 a£ÀßzÀ ªÀiÁgÁlªÀ£ÀÄß ªÀiÁgÁl ªÀiÁrzÀ ªÁgÀzÀ ªÀÄÄA ÉÊ a¤ªÁgÀ ¥ÉÃmÉAiÀÄ (999 ±ÀÄzÀÞ a£Àß) ÀgÁ Àj zÀgÀzÀDzsÁgÀzÀ°è CxÀªÁ zÀgÀ¥ÀnÖ (E£ïªÁAiÀiïì) vÀAiÀiÁgÀÄ ªÀiÁqÀĪÀ ¢£ÀzÀ ªÁgÀzÀªÀgÉV£À ªÁgÀzÀ ÀgÁ Àj zÀgÀzÀ DzsÁgÀzÀªÉÄÃ É ÉPÀÌ ºÁPÀ ÁUÀĪÀÅzÀÄ.

2.3 ɽîAiÀÄ ªÀiÁgÁlªÀ£ÀÄß zÀgÀ¥ÀnÖ(E£ïªÁAiÀiïì) vÀAiÀiÁgÀÄ ªÀiÁrzÀ ¢£ÀzÀAzÀÄ EgÀĪÀ (999 ±ÀÄzÀÞ É½î) É ÉAiÀÄ DzsÁgÀzÀ

ªÉÄÃ É ÉPÁÌZÁgÀ ºÁPÀ ÁUÀĪÀÅzÀÄ.

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2.4 UÁ½¬ÄAzÀ GvÁࢹzÀ «zÀÄåvÀÛ£ÀÄß Pɦn¹J¯ï£ÀªÀgÀÄ PÉÆqÀĪÀ © ¥sÁgÀA ¥ÀæPÁgÀ «zÀÄåvï Rjâ M¥ÀàAzÀzÀAvÉ ÉPÁÌZÁgÀºÁPÀ ÁUÀĪÀÅzÀÄ.

2.5 ZÀÆgÀ-¥ÁgÀÄ vÁådåªÀ£ÀÄß ºÀ ÁÛAvÀj ÀĪÀ ÀªÀÄAiÀÄzÀ°è£À DzsÁgÀzÀ ªÉÄÃ É ÉPÁÌZÁgÀ ªÀiÁqÀ ÁUÀĪÀÅzÀÄ.

2.6 gÉ«£ÀÆå C£ÀÄzÁ£ÀUÀ¼À£ÀÄß RZÀÄð ªÀiÁrzÀ CªÀ¢üAiÀÄ°è ÀA§AzsÀ¥ÀlÖ ªÉZÀÑUÀ½UÉ ÀjºÉÆA¢ À®Ä ªÀiÁ£ÀåªÀiÁqÀ ÁUÀĪÀÅzÀÄ.

2.7 «ªÀiÁ PÉèöʪÀÄÄUÀ¼À£ÀÄß, CªÀÅUÀ¼À£ÀÄß EvÀåxÀð ¥Àr¹zÀ ªÀµÀðzÀ°è ¥ÀjUÀt À ÁUÀĪÀÅzÀÄ.

3. D¹ÛUÀ¼ÀÄ, ¸ÁܪÀgÀ ªÀÄvÀÄÛ G¥ÀPÀgÀtUÀ¼ÀÄ :

3.1 D¹ÛUÀ¼ÀÄ, ¸ÁܪÀgÀ ªÀÄvÀÄÛ G¥ÀPÀgÀtUÀ¼À£ÀÄß (ªÀÄÆvÀð ªÀÄvÀÄÛ CªÀÄÆvÀð) ªÀiË®åªÀ£ÀÄß ÀªÀPÀ½ PÀ¼ÉzÀÄ £ÀªÀÄÆ¢ À ÁUÀĪÀÅzÀÄ.ªÉZÀÑUÀ¼ÀÄ Rjâ ªÀiË®å ªÀÄvÀÄÛ D D¹ÛUÀ¼À£ÀÄß G¥ÀAiÉÆÃV ÀĪÀ ÀܼÀ ªÀÄvÀÄÛ ¹ÜwAiÉÄqÉUÉ vÀgÀ®Ä ªÀiÁqÀĪÀ ªÉZÀÑUÀ¼À£ÀÆß ÀºÀM¼ÀUÉÆArgÀÄvÀÛªÉ.

sÀÆ«Ä PÀlÖqÀUÀ¼ÀÄ ªÀÄvÀÄÛ ¦ÃoÉÆÃ¥ÀPÀgÀtUÀ¼ÀÄ ªÀÄvÀÄÛ ¸ÁܪÀgÀ ªÀÄvÀÄÛ AiÀÄAvÉÆæÃ¥ÀPÀgÀtUÀ¼À£ÀÄß ¥ÀÄ£ÀªÀiËð°åÃPÀÈvÀ ªÀiË®åzÀ°è£ÀªÀÄÆ¢ À ÁVzÉ ªÀÄvÀÄÛ ¥ÀÄ£ÀªÀiËð°åÃPÀgÀtzÀ ºÉZÀѼÀªÀ£ÀÄß ¥ÀÄ£ÀªÀiËð°åÃPÀgÀt «Äà À®Ä ÉPÀÌPÉÌ vÉUÉzÀÄPÉƼÀî ÁUÀĪÀÅzÀÄ.

ÀªÀPÀ½UÉ M¼À¥ÀqÀĪÀ D¹ÛUÀ¼À G¥ÀAiÀÄÄPÀÛ CªÀ¢üAiÀÄÄ ¥ÀÄ£ÀªÀiËð°åÃPÀgÀtzÀ ªÀÄÄAa£À CªÀ¢üAiÀÄAvÉAiÉÄà PÀA¥À¤ PÁ¬ÄzÉ2013gÀ C£ÀÄ ÀÆa II, sÁUÀ-¹ gÀAvÉAiÉÄà EzÉ.

3.2 ªÀfð¹zÀ ¹ÜgÁ¹ÛUÀ¼ÀÄ ªÀÄvÀÄÛ ¥ÀæUÀwAiÀÄ°ègÀĪÀ §AqÀªÁ¼À PÁªÀÄUÁjUÀ¼À£ÀÄß CªÀÅUÀ¼ÀÄ CUÀvÀå«®èªÉAzÀÄ¥ÀjUÀt¹zÀ ªÀµÀðzÀ Éèà RZÀÄðUÀ¼À ÉPÀÌPÉÌ ºÁPÀ ÁUÀĪÀÅzÀÄ.

3.3 ºÁ°¬ÄgÀĪÀ WÀlPÀzÀ « ÀÛgÀuÉUÉ /¤ªÀiÁðt ÀªÀÄAiÀÄzÀ°è£À « ÀÛgÀuÉUÉ/DzsÀĤÃPÀgÀtPÁÌV/AiÀiÁAwæÃPÀgÀtPÁÌV ªÀiÁqÀĪÀ§AqÀªÁ¼À ªÉZÀÑUÀ¼À£ÀÄß ÀA§AzsÀ¥ÀlÖ ¥ÁæeÉPïÖ/AiÉÆÃd£É ¥ÀÆtðUÉÆAqÀ §½PÀ §AqÀªÁ¼ÀPÉÌ vÉUÉzÀÄPÉƼÀî ÁUÀĪÀÅzÀÄ.

3.4 ºÁ° EgÀĪÀ µÁ¥ïÖUÀ¼À°è UÀtÂUÀ¼À D¼À ªÀiÁqÀĪÀ ªÉZÀѪÀ£ÀÄß gÉ«£ÀÆå ªÉZÀѪÉAzÀÄ ¥ÀjUÀt À ÁUÀĪÀÅzÀÄ.

4. ¸ÀªÀPÀ½ :

¸ÀªÀPÀ½AiÀÄ£ÀÄß PÀA¥À¤ PÁ¬ÄzÉ 2013gÀ C£ÀĸÀÆa-FF gÀ°è ¤UÀ¢¥Àr¹gÀĪÀAvÉ ¯ÉPÀÌPÉÌ ºÁPÀ¯ÁUÀĪÀÅzÀÄ. ¹ÜgÁ¹ÛUÀ¼ÀPÉÆAqÉÆAiÀÄå¯ÁUÀÄwÛgÀĪÀ ªÀiË®åªÀ£ÀÄß D D¹ÛUÀ¼À G½zÀ fëvÁªÀ¢üAiÀÄ°è ¸ÀªÀPÀ½AiÀÄ£ÁßV ¯ÉPÀÌPÉÌ ºÁPÀ¯ÁUÀĪÀÅzÀÄ.

¥ÀÄ£ÀªÀiËð°åÃPÀgÀtzÀ ªÀiË®åzÀ ªÉÄð£À ¸ÀªÀPÀ½AiÀÄ£ÀÄß ¥ÀÄ£ÀªÀiËð°åÃPÀgÀtzÀ «ÄøÀ°¤AzÀ PÀ¼ÉAiÀįÁUÀĪÀÅzÀÄ.

CA±À¨sÁUÀUÀ¼À ¯ÉPÀÌzÀrAiÀÄ°è, ¸ÀªÀPÀ½AiÀÄ£ÀÄß ¯ÉPÀÌPÉÌ ºÁPÀ¯ÉÆøÀÄUÀ CªÀÅUÀ¼À fëvÁªÀ¢ü ªÀÄvÀÄÛ ªÀiË®åUÀ¼À£ÀÄß DAvÀjPÀ vÁAwæPÀ«¨sÁUÀªÀÅ CAzÁdÄUÉƽ¸ÀÄvÀÛzÉ. AiÀiÁªÀ CA±À¨sÁUÀUÀ¼À ªÀiË®åªÀÅ ªÀÄÆ® D¹ÛUÀ¼À ªÀiË®åzÀ ±ÉÃ.10QÌAvÀ C¢üPÀ«gÀĪÀÅzÉÆÃ,CªÀÅUÀ¼À£ÀÄß ¥ÀævÉåÃPÀ ¥ÀæªÀÄÄR CA±À¨sÁUÀªÉAzÀÄ ¥ÀjUÀt¸À¯ÁUÀĪÀÅzÀÄ.

5. ºÀÆrPÉUÀ¼ÀÄ :

MAzÀÄ ªÀµÀðQÌAvÀ C¢üPÀªÁV ºÉÆAzÀ¢gÀ®Ä GzÉÝò¹gÀĪÀ ªÀÄvÀÄÛ £ÀUÀzÁV ¥ÀjªÀwðvÀªÁUÀ®Ä ¹zÀÞ«gÀĪÀ ºÀÆrPÉUÀ¼À£ÀÄß ZÁ°ÛºÀÆrPÉUÀ¼ÉAzÀÄ ªÀVÃðPÀj¸À¯ÁUÀĪÀÅzÀÄ. ÉÃgÉ J¯Áè ºÀÆrPÉUÀ¼À£ÀÄß ZÁ°Û¬ÄgÀzÀ ºÀÆrPÉUÀ¼ÉAzÀÄ ªÀVÃðPÀj¸À¯ÁUÀĪÀÅzÀÄ. ZÁ°ÛºÀÆrPÉUÀ¼À£ÀÄß ¤µÀàPÀëªÁzÀ ªÀiË®å/ªÀiÁgÀÄPÀmÉÖ ªÀiË®å CxÀªÁ C¸À®Ä ¨É¯ÉAiÀÄ°è AiÀiÁªÀÅzÀÄ PÀrªÉÄAiÉÆÃ, D DzsÁgÀzÀ°èªÀiË°åÃPÀj¸À¯ÁUÀĪÀÅzÀÄ. ZÁ°Û¬ÄgÀzÀ ºÀÆrPÉUÀ¼À£ÀÄß C¸À®Ä ¨É¯ÉAiÀÄ°è £ÀªÀÄÆ¢¸À¯ÁUÀĪÀÅzÀÄ. DzÁUÀÆå, ºÀÆrPÉUÀ¼À°è£ÀªÀiË®åzÀ vÁvÁÌ°PÀªÀ®èzÀ E½PÉUÁV K¥ÁðqÀ£ÀÄß ªÀiÁqÀ¯ÁUÀĪÀÅzÀÄ. ºÀÆrPÉUÀ¼À ªÀiÁgÁlzÀ ªÉÄð£À ¯Á¨sÀ/£ÀµÀÖªÀ£ÀÄß CªÀÅUÀ¼À¸ÀgÁ¸Àj ¨É¯ÉAiÀÄ DzsÁgÀzÀ°è ¯ÉPÀÌPÉÌ vÉUÉzÀÄPÉƼÀî¯ÁUÀĪÀÅzÀÄ.

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6. ªÀ¸ÀÄÛUÀ¼À ªÀiË®åªÀiÁ¥À£À :

6.1 GUÁæt, ©r sÁUÀUÀ¼ÀÄ ªÀÄvÀÄÛ a®ègÉ À®PÀgÀuÉUÀ¼ÀÄ

6.1.1 GUÁæt ªÀÄvÀÄÛ ©r sÁUÀUÀ¼À£ÀÄß vÀÆPÀ- ÀgÁ Àj DzsÁgÀzÀ ªÉÄÃ É ªÀiË°åÃPÀj À ÁUÀĪÀÅzÀÄ.

6.1.2 ©r sÁUÀUÀ¼ÀÄ/vÀAiÀiÁj À ÁzÀ §¼ÀPÉ ªÀiÁqÀĪÀ ªÀ ÀÄÛUÀ¼À£ÀÄß C À®Ä É ÉAiÀÄ DzsÁgÀzÀ ªÉÄÃ É ªÀiË°åÃPÀj À ÁUÀĪÀÅzÀÄ.

6.1.3 gÀÆ.5000 CxÀªÁ CzÀPÀÆÌ PÀrªÉÄ É ÉAiÀÄ ©r sÁUÀUÀ¼À£ÀÄß, GUÁæt¢AzÀ ºÉÆgÀUÉ PÉÆmÁÖUÀ CªÀÅUÀ¼À£ÀÄß ÉPÀÌ¢AzÀ PÀ¼ÉzÀĺÁPÀ ÁUÀĪÀÅzÀÄ. gÀÆ.5000QÌAvÀ ºÉaÑ£À É ÉAiÀÄ ©r G¥ÀPÀgÀtUÀ¼À£ÀÄß ªÀµÀðPÉÌ ±ÉÃ.50gÀAvÉ PÀrªÉÄ ªÀiÁqÀÄvÁÛ ºÉÆÃV,CªÀÅUÀ¼À É É gÀÆ.5000 QÌAvÀ PÀrªÉÄAiÀiÁzÁUÀ CªÀÅUÀ¼À£ÀÄß ÉPÀÌ¢AzÀ PÉÊ©qÀ ÁUÀĪÀÅzÀÄ.

6.2 ¹zÀÞ ªÀ ÀÄÛUÀ¼ÀÄ

6.2.1 a£Àß : ªÀÄÄA ÉÊ£À a¤ªÁgÀ ¥ÉÃmÉAiÀÄ°è£À 999 ±ÀÄzÀÞ a£ÀßzÀ É ÉAiÀÄ°è ÉÆÃr PÀ¼ÉzÀÄ UÀ½ À§ºÀÄzÁzÀ PÀ¤µÀÖ É É CxÀªÁC À®Ä É ÉAiÀÄ°è AiÀiÁªÀÅzÀÄ PÀrªÉÄAiÉÆ CzÀgÀ DzsÁgÀzÀ°è.

6.2.2 ɽî : ªÀÄÄA ÉÊ a¤ªÁgÀ ¥ÉÃmÉAiÀÄ°è£À 999 ±ÀÄzÀÞ É½îAiÀÄ ÀgÁ Àj É ÉAiÀÄ°è CxÀªÁ ªÀÄÄPÁÛAiÀÄ É ÉAiÀÄ°è AiÀiÁªÀÅzÀÄPÀrªÉÄAiÉÆà CzÀgÀ DzsÁgÀzÀ°è

6.3 ¥ÀæUÀwAiÀÄ°ègÀĪÀ PÉ® À : CAzÁdÄ C À®Ä ªÉZÀÑ CxÀªÁ UÀ½ À§ºÀÄzÁzÀ ¤ªÀé¼À ªÀiË®å EªÀÅUÀ¼À°è AiÀiÁªÀÅzÀÄ PÀrªÉÄAiÉÆÃCzÀgÀ DzsÁgÀzÀ°è.

6.4 sÀƪÉÄà ÉäöÊ£À°ègÀĪÀ CzÀÄj£À zÁ¸ÁÛ£ÀÄ : C À®Ä ªÉZÀÑ CxÀªÁ UÀ½ À§ºÀÄzÁzÀ ¤ªÀé¼À ªÀiË®å EªÀÅUÀ¼À°è AiÀiÁªÀÅzÀÄPÀrªÉÄAiÉÆà CzÀgÀ DzsÁgÀzÀ°è.

6.5 ¥Áæ ÀAVPÀ CzÀÄj£À zÁ¸ÁÛ£ÀÄ : µÁ¥sïÖ C©üªÀÈ¢ÞAiÀÄ°è GvÀàwÛAiÀiÁUÀĪÀ CzÀÄj£À zÁ¸ÁÛ¤£À ªÀiË®åªÀ£ÀÄß DzÁAiÀĪÉAzÀÄ¥ÀjUÀt¹, D¹ÛAiÀÄ ¸Áé¢üãÀ ªÉZÀÑzÀ°è CxÀªÁ ¥ÀæUÀwAiÀÄ°ègÀĪÀ §AqÀªÁ¼À PÁªÀÄUÁjAiÀÄ°è CzÀ£ÀÄß PÀ¼ÉAiÀįÁUÀĪÀÅzÀÄ.

6.6 ¸ÁUÁtÂPÉAiÀÄ°ègÀĪÀ ÀgÀPÀÄUÀ¼ÀÄ : CªÀÅUÀ¼À ªÁ ÀÛ«PÀ É É

6.7 OµÀzsÀUÀ¼ÀÄ, PÁåAnÃ£ï ªÀÄvÀÄÛ ÉÃR£À ÁªÀÄVæUÀ¼À£ÀÄß PÉÆAqÀ É ÉUÉ ÉPÀÌ ºÁQ ÉPÀÌ¢AzÀ PÀ¼ÉAiÀįÁUÀĪÀÅzÀÄ, PÁgÀt CªÀÅUÀ¼ÀvÀPÀëtzÀ §¼ÀPÉUÉ ÉÃPÁVzÀÄÝ, ªÀÄgÀÄ ªÀiÁgÁlPÉÌ C®è.

7. ¹§âA¢ ¤ªÀÈwÛ ¸ÀªÀ®vÀÄÛUÀ¼ÀÄ :

¹§âA¢UÀ¼À ¤ªÀÈwÛ ¸Ë®¨sÀåUÀ¼ÉqÉV£À PÀA¥À¤AiÀÄ ªÀAwUÉUÀ¼ÀÄ ªÁåSÁ夸À¯ÁzÀ ªÀAwUÉUÀ¼ÀÄ/¸Ë®¨sÀåUÀ¼ÀrAiÀÄ°èzÀÄÝ, CªÀÅUÀ¼À£ÀÄß¹§âA¢ ¸Ë®¨sÀåUÀ¼ÉAzÀÄ ¥ÀjUÀt¹, DAiÀiÁ ªÀµÀðzÀ°è ¯Á¨sÀ £ÀµÀÖzÀ vÀ¦ìðUÉ ¯ÉPÀÌ ºÁPÀ¯ÁUÀĪÀÅzÀÄ.

7.1 UÁæZÀÄå¬Än ºÉÆuÉUÁjPÉAiÀÄÄ sÁgÀwÃAiÀÄ fêÀ «ªÀiÁ ¤UÀªÀÄzÀÀ ÀªÀÄƺÀ UÁæZÀÄå¬ÄnAiÀÄrAiÀÄ°èzÀÄÝ CzÀ£ÀÄß UÁæZÀÄå¬Än«±Àé ÀÜ ªÀÄAqÀ½AiÀÄÄ ¤ªÀð» ÀÄwÛzÉ. «ªÀiÁ UÀtPÀ ªÀiË®åªÀiÁ¥À£ÀzÀ DzsÁgÀzÀ ªÉÄÃ É ºÁ° ÉêÁªÉZÀѪÀ£ÀÄß ¯Á sÀ £ÀµÀÖUÀ¼ÀÉPÀÌPÉÌ ºÁPÀ ÁUÀĪÀÅzÀÄ.

7.2 sÀ«µÀå ¤¢ü ªÀAwUÉAiÀÄ£ÀÄß C£ÀĪÉÆâ À ÁzÀ «±Àé ÀÜ ªÀÄAqÀ½UÉ/ sÀ«µÀå ¤¢ü C¢üPÁjUÀ½UÉ ¥ÁªÀw À ÁVzÉ. F ªÀAwUÉAiÀÄ°è¯Á sÀ/£ÀµÀÖ ÉPÀÌPÉÌ vÉUÉzÀÄPÉƼÀî ÁVzÉ..

7.3 ¹§âA¢/£ËPÀgÀgÀ gÀeÁ £ÀUÀ¢ÃPÀgÀtzÀ ºÉÆuÉUÁjPÉAiÀÄ£ÀÄß sÁgÀwÃAiÀÄ fêÀ «ªÀiÁ ¤UÀªÀÄzÀ ¥Á°¹¬ÄAzÀ ¤ sÁ¬Ä À ÁUÀĪÀÅzÀÄ.

«ªÀiÁ UÀtPÀ ªÀiË®å ªÀiÁ¥À£ÀzÀ DzsÁgÀzÀ ªÉÄÃ É ºÁ° ÉêÁªÉZÀѪÀ£ÀÄß ¯Á sÀ-£ÀµÀÖ ÉPÀÌzÀ°è vÉUÉzÀÄPÉƼÀî ÁUÀĪÀÅzÀÄ.

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7.4 CºÀð C¢üPÁjUÀ¼À ªÀAiÉÆà ¤ªÀÈwÛ ªÉÃvÀ£ÀzÀ ¥ÁªÀwUÁV PÀA¥À¤AiÀÄ ªÀAwUÉAiÀÄ£ÀÄß (ªÀÄÆ®ªÉÃvÀ£À ªÀÄvÀÄÛ vÀÄnÖ sÀvÉåUÀ¼À±ÉÃPÀqÁªÁgÀÄ) C£ÀĪÉÆâ¹zÀ «±Àé ÀÜ ªÀÄAqÀ½UÉ ¥ÁªÀw À ÁUÀÄwÛzÀÄÝ CzÀ£ÀÄß sÁgÀwÃAiÀÄ fêÀ «ªÀiÁ ¤UÀªÀĪÀÅ ¤ªÀð» ÀÄwÛzÉ.ªÁ¶ðPÀ ªÀAwUÉAiÀÄ£ÀÄß ¯Á sÀ-£ÀµÀÖUÀ¼À ÉPÀÌPÉÌ vÉUÉzÀÄPÉƼÀî ÁUÀĪÀÅzÀÄ.

7.5 ÀéAiÀÄA ¤ªÀÈwÛ AiÉÆÃd£ÉAiÀÄ°è£À ªÉZÀÑUÀ¼À£ÀÄß ÉPÁÌZÁgÀ ªÀiÁ£ÀzÀAqÀ-15(¥ÀjµÀÌøvÀ)gÀAvÉ ÉPÀÌPÉÌ ºÁPÀ ÁUÀĪÀÅzÀÄ.

8. «zÉò «¤ªÀÄAiÀÄ ªÀ»ªÁlÄUÀ¼ÀÄ :

DgÀA©üPÀ ¥ÀjUÀt£É :

«zÉò «¤ªÀÄAiÀÄ ªÀ»ªÁlÄUÀ¼À£ÀÄß ¤gÀƦ¸À¯ÁUÀĪÀ £ÁtåzÀ (¨sÁgÀwÃAiÀÄ gÀÆ¥Á¬Ä) DzsÁgÀzÀ°è, ªÀ»ªÁn£À ¢£ÀzÀAzÀÄEgÀĪÀ «zÉò «¤ªÀÄAiÀÄzÀ ªÀÄvÀÄÛ ¤gÀƦ¸À¯ÁUÀĪÀ £ÁtåzÀ ªÀåvÁå¸ÀzÀ DzsÁgÀzÀ ªÉÄÃ¯É ¯ÉPÀÌPÉÌ ºÁPÀ¯ÁUÀĪÀÅzÀÄ.

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«zÉò «¤ªÀÄAiÀÄ «wÛÃAiÀÄ LlAUÀ¼À£ÀÄß ¹Üw «ªÀgÀuÁ ¥ÀnÖAiÀÄ ¢£ÀzÀAzÀÄ EgÀĪÀ ªÀÄÄPÁÛAiÀÄ zÀgÀzÀ DzsÁgÀzÀ ªÉÄïɤgÀƦ¸À¯ÁUÀĪÀzÀÄ.

«zÉò «¤ªÀÄAiÀÄzÀ ZÁjwæPÀ ªÀiË®åzÀ°è zÁR°¹gÀĪÀ, «wÛÃAiÀĪÀ®èzÀ LlAUÀ¼À£ÀÄß ªÀ»ªÁn£À ¢£ÀzÀAzÀÄ «zÉò «¤ªÀÄAiÀÄzÀzÀgÀzÀ°è £ÀªÀÄÆ¢¸À¯ÁUÀĪÀÅzÀÄ ªÀÄvÀÄÛ «zÉò PÀA¥À¤UÀ¼À°è£À ºÀÆrPÉUÀ¼À£ÀÄß D ºÀÆrPÉUÀ¼À£ÀÄß ªÀiÁrzÀ ¢£ÁAPÀzÀA¢£À «zÉò«¤ªÀÄAiÀÄ zÀgÀzÀ°è £ÀªÀÄÆ¢¸À¯ÁUÀĪÀÅzÀÄ.

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«zÉò «¤ªÀÄAiÀÄ ªÀåvÁå¸ÀªÀ£ÀÄß ¯Á¨sÀ£ÀµÀÖzÀ vÀ¦ìðUÉ, D¹ÛUÀ¼À RjâUÉ ¸ÀA§A¢ü¹zÀ ¥ÀjªÀvÀð£Á ªÀåvÁå¸ÀªÀ£ÀÄߺÉÆgÀvÀÄ¥Àr¹zÀAvÉ ¯ÉPÀÌ ºÁPÀ¯ÁUÀĪÀÅzÀÄ ªÀÄvÀÄÛ EvÀgÉ ¢ÃWÀðPÁ°Ã£À «wÛÃAiÀÄ LlAUÀ¼À£ÀÄß «zÉò «¤ªÀÄAiÀÄ LlAUÀ¼À¥ÀjªÀvÀð£Á ªÀåvÁå¸ÀzÀ ¯ÉPÀÌPÉÌ ºÁPÀ¯ÁUÀĪÀÅzÀÄ.

9. ªÀÄÄAzÀÆrzÀ vÉjUÉ ªÀÄvÀÄÛ ºÁ° vÉjUÉUÉ K¥ÁðqÀÄ :

ºÁ° DzÁAiÀÄ vÉjUÉAiÀÄ£ÀÄß, DzÁAiÀÄ vÉjUÉ PÁ£ÀÆ£ÀÄ 1961gÀ jÃvÀå DzÁAiÀÄ vÉjUÉ C¢üPÁjUÀ½UÉ ¥ÁªÀw¸À¨ÉÃPÁzÀ ªÉÆvÀÛzÀDzsÁgÀzÀ°è C¼ÀvÉ ªÀiÁqÀ¯ÁUÀĪÀÅzÀÄ. ªÀÄÄAzÀÆqÀ¯ÁzÀ DzÁAiÀÄ vÉjUÉAiÀÄÄ, ¥Àæ¸ÀÄÛvÀ CªÀ¢üAiÀÄ ¯ÉPÀÌ ¥ÀĸÀÛPÀzÀ°è£À ¯Á¨sÀ ªÀÄvÀÄÛDzÁAiÀÄ vÉjUÉAiÀÄ DzsÁgÀzÀ Á¨sÀzÀ°è ÁªÀĬÄPÀ ªÀåvÁå¸ÀUÀ¼À ªÉÄð£À ¥ÀjuÁªÀÄUÀ¼ÀÄ ªÀÄvÀÄÛ »A¢£À CªÀ¢üAiÀÄ D ªÀåvÁå¸ÀUÀ¼À¤ªÀvÀð£ÀUÀ¼À£ÀÄß ¥Àæw©A©¸ÀÄvÀÛªÉ.

ºÁ° DzÁAiÀÄ vÉjUÉ ªÀÄvÀÄÛ ªÀÄÄAzÀÆqÀ¯ÁzÀ vÉjUÉUÀ¼À zÁ¬ÄvÀéUÀ¼À£ÀÄß ¹Üw «ªÀgÀuÁ ¥ÀnÖAiÀÄ ¢£ÁAPÀzÀAzÀÄ EgÀĪÀ CxÀªÁUÀt£ÁºÀðªÁV C¢ü¤AiÀÄ«ÄvÀªÁVgÀĪÀ zÀgÀzÀ°è C¼ÉAiÀįÁUÀĪÀÅzÀÄ.

ªÀÄÄAzÀÆqÀ¯ÁzÀ vÉjUÉ D¹ÛUÀ¼À£ÀÄß sÀ«µÀåzÀ°è DzÁAiÀÄ vÉjUÉUÉ M¼À¥ÀqÀĪÀ Á¨sÀ«gÀĪÀ ªÀÄvÀÄÛ vÉjUÉ D¹ÛUÀ¼À£ÀÄß ¥ÀqÉAiÀÄĪÀµÀÖgÀªÀÄnÖUÉ ¯ÉPÀÌ¥ÀĸÀÛPÀUÀ¼À°è ¥ÀjUÀt¸À¯ÁUÀĪÀÅzÀÄ.

PÀ¤µÀÖ ¥ÀAiÀiÁðAiÀÄ DzÁAiÀÄ vÉjUÉ ¥ÁªÀwUÀ¼À£ÀÄß ¤¢ðµÀÖ CªÀ¢üAiÀÄ°è, PÀA¥À¤AiÀÄÄ ¸ÁªÀiÁ£Àå DzÁAiÀÄ vÉjUÉAiÀÄ£ÀÄߥÁªÀw¸ÀÄvÀÛzÉ JAzÀÄ ªÀÄ£ÀUÁtĪÀ ¥ÀÄgÁªÉUÀ½zÀÝ°è ªÀÄvÀÄÛ CªÀÅ EgÀĪÀµÀÖgÀ ªÀÄnÖUÉ ªÀiÁvÀæ D¹ÛAiÀÄ£ÁßV ¯ÉPÀÌ¥ÀĸÀÛPÀUÀ¼À°è¥ÀjUÀt¸ÀÄvÀÛzÉ.

PÀ¤µÀÖ ¥ÀAiÀiÁðAiÀÄ DzÁAiÀÄ vÉjUÉAiÀÄ dªÉÄAiÀÄ£ÀÄß, ¨sÁgÀwÃAiÀÄ bÁlðqïð CPËAmÉAmïì ¸ÀA¸ÉÜAiÀĪÀgÀÄ ¤ÃrgÀĪÀªÀiÁUÀðzÀ²ðUÀ¼À ¥ÀæPÁgÀ«zÀÝ°è, D¹ÛAiÀÄ£ÁßV ¥ÀjUÀt¹, CzÀ£ÀÄß ¯Á¨sÀ £ÀµÀÖzÀ vÀ¦ìð£À ¯ÉPÀÌPÉÌ vÉUÉzÀÄPÉƼÀî¯ÁUÀĪÀÅzÀÄ ªÀÄvÀÄÛCzÀ£ÀÄß PÀ¤µÀÖ ¥ÀAiÀiÁðAiÀÄ DzÁAiÀÄ vÉjUÉAiÀÄ ºÀPÀÄÌ JAzÀÄ ¥ÀjUÀt¸À¯ÁUÀĪÀÅzÀÄ.

PÀA¥À¤AiÀÄÄ ¥Àæw D¹Û «ªÀgÀuÁ ¥ÀnÖAiÀÄ ¢£ÁAPÀzÀAzÀÄ ªÀÄÄAzÀÆqÀ¯ÁzÀ vÉjUÉ D¹ÛAiÀÄ£ÀÄß «ªÀıÉð ªÀiÁqÀÄvÀÛzÉ.

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10. ªÀÄÄ£ÉßÃ¥ÁðqÀÄUÀ¼ÀÄ, ¸ÀA¨sÁªÀå ºÉÆuÉUÁjPÉUÀ¼ÀÄ ªÀÄvÀÄÛ ¸ÀA¨sÁªÀå D¹ÛUÀ¼ÀÄ :

¸ÁPÀµÀÄÖ ªÀÄlÖzÀ°è CAzÁdÄUÉƽ¸À®Ä ¸ÁzsÀå«gÀĪÀ zÁ¬ÄvÀéUÀ¼ÉqÉUÉ K¥ÁðqÀÄUÀ¼À£ÀÄß, F PɼÀPÀAqÀ CA±ÀUÀ½zÀÝgÉ,ªÀiÁqÀ¯ÁUÀĪÀÅzÀÄ

� ¥ÀƪÀð WÀl£ÉUÀ½AzÁV, PÀA¥À¤UÉ ¥Àæ ÀÄÛvÀ zÁ¬ÄvÀéUÀ½gÀĪÀÅzÀÄ

� zÁ¬ÄvÀéUÀ¼À£ÀÄß wÃj À®Ä ÀA¥À£ÀÆä®UÀ¼À ºÉÆgÀ ºÀj«£À ÀA sÁªÀåvÉ EgÀĪÀÅzÀÄ

� zÁ¬ÄvÀézÀ ªÉƧ®UÀ£ÀÄß ÀÄ® sÀªÁV CAzÁdÄPÀgÀtUÉƽ À§ºÀÄzÀÄ.

ÀA sÁªÀå ºÉÆuÉUÁjPÉUÀ¼À£ÀÄß F PɼÀPÀAqÀªÀÅUÀ½zÀÝ°è ¥ÀæPÀn À ÁUÀĪÀÅzÀÄ.

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� ¸ÁzsÀå«gÀĪÀ zÁ¬ÄvÀéUÀ¼ÀÄ, ÀA¥À£ÀÆä®UÀ¼À ºÉÆgÀºÀj«£À ÀA sÁªÀåvÉUÀ¼ÀÄ CvÀå®à«zÀÝgÉ.

¥Àæw «µÀAiÀÄzÀ ªÁ ÀÛ«PÀvÉAiÀÄ DzsÁgÀzÀ ªÉÄÃ É ªÀÄvÀÄÛ PÁ£ÀÆ£ÁvÀäPÀ ªÀiË°åÃPÀgÀt DzsÁgÀzÀ ªÉÄà É, PÉèêÀÄÄUÀ¼À£ÀÄß Á®UÀ¼ÉAzÀÄ¥ÀjUÀt À¢gÀĪÀ «µÀAiÀÄUÀ¼À£ÀÄß ÀA sÁªÀå ºÉÆuÉUÁjPÉAiÀÄrAiÀÄ°è ¥ÀæPÀn À ÁUÀĪÀÅzÀÄ.

PÁ£ÀÆ£ÁvÀäPÀ «µÀAiÀÄUÀ¼À°è, PÀA¥À¤AiÀÄÄ ¥ÀæwgÉÆâü¹gÀĪÀ ºÀPÉÆÌvÁÛAiÀÄUÀ¼À£ÀÄß ªÀiÁvÀæ ÀA sÁªÀå ºÉÆuÉUÁjPÉAiÀÄrAiÀÄ°è¥ÀæPÀn À ÁUÀĪÀÅzÀÄ.

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11. ¥Àæw µÉÃj£À ªÉÄð£À UÀ½PÉ :

¥Àæw µÉÃj£À ªÉÄð£À ªÀÄÆ®UÀ½PÉAiÀÄ£ÀÄß FQén µÉÃgÀÄzÁgÀjUÉ ÀA§A¢ü¹zÀ CªÀ¢üAiÀÄ Á¨sÀ/£ÀµÀÖªÀ£ÀÄß CªÀ¢üAiÀÄ°è ÁQ EgÀĪÀvÀÆPÁzsÁjvÀ ¸ÀgÁ¸Àj FQén µÉÃgÀÄUÀ½AzÀ ¨sÁV¹ ¯ÉPÀÌ ºÁPÀ¯ÁUÀĪÀÅzÀÄ.

¥Àæw µÉÃj£À ªÉÄð£À «¸ÀÛøvÀ UÀ½PÉAiÀÄ£ÀÄß, FQén µÉÃgÀÄzÁgÀjUÉ ÀA§A¢ü¹zÀ CªÀ¢üAiÀÄ Á¨sÀ/£ÀµÀÖªÀ£ÀÄß CªÀ¢üAiÀÄ°è ÁQ EgÀĪÀvÀÆPÁzsÁjvÀ ¸ÀgÁ¸Àj FQén µÉÃgÀÄUÀ½AzÀ «¸ÀÛøvÀUÉƼÀÄîªÀ ¸ÁªÀÄxÀåð«gÀĪÀ FQën µÉÃgÀÄUÀ¼À ¥ÀjuÁªÀĪÀ£ÀÄß ºÉÆAzÁtÂPɪÀiÁrzÀ £ÀAvÀgÀ ¯ÉPÀÌ ºÁPÀ¯ÁUÀĪÀÅzÀÄ.

12. D¹ÛUÀ¼À PÀÄUÀÄΫPÉ :

¥Àæw D¹Û «ªÀgÀuÁ ¥ÀnÖAiÀÄ ¢£ÁAPÀzÀAzÀÄ, D¹ÛUÀ¼À PÉÆAqÉÆAiÀÄå¯ÁUÀĪÀ ªÉƧ®V£À°è£À PÀÄUÀÄΫPÉAiÀÄ£ÀÄß ¤zsÀðj¸À¯ÉÆøÀÄUÀF PɼÀPÀAqÀªÀÅUÀ¼À ¥ÀjÃPÉëUÀ¼À£ÀÄß ªÀiÁqÀ¯ÁUÀĪÀÅzÀÄ.

J. PÀÄUÀÄΫPÉUÀ¼ÀÄ EzÀÝ°è CªÀÅUÀ¼À §UÉUÉ K¥ÁðqÀÄ ªÀiÁqÀÄ«PÉ

©. »A¢£À CªÀ¢üUÀ¼À°è ¥ÀjUÀt À ÁzÀ PÀÄUÀÄΫPÉAiÀÄ£ÀÄß ¤ªÀvÀð£ÀUÉƽ ÀĪÀ CªÀ±ÀåPÀvÉ.

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ASSETSD¹ÛUÀ¼ÀÄNon-current assetsZÁ°Û¬ÄgÀzÀ D¹ÛUÀ¼ÀÄProperty, Plant and Equipment 2 88,393.77 18,597.83 18,437.09D¹ÛUÀ¼ÀÄ, ¸ÁܪÀgÀ ªÀÄvÀÄÛ G¥ÀPÀgÀtUÀ¼ÀÄCapital Work-in-Progress-Tangible 3 19,823.48 18,028.71 6,189.65ªÀÄÄAzÀĪÀgÉAiÀÄÄwÛgÀĪÀ §AqÀªÁ¼À-PÁªÀÄUÁj ªÀÄÆvÀðOther Intangible Assets 4 58.98 99.79 48.31EvÀgÉà CªÀÄÆvÀð D¹ÛUÀ¼ÀÄIntangible assets under development 5 168.44 168.44 141.87C©üªÀÈ¢ÞAiÀiÁUÀÄwÛgÀĪÀ CªÀÄÆvÀð D¹ÛUÀ¼ÀÄFinancial AssetsDyðPÀ D¹ÛUÀ¼ÀÄ

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Other financial assets 7 24,000.00 9,000.00 -EvÀgÉ DyðPÀ D¹ÛUÀ¼ÀÄOther Non-current Assets 8 1,080.48 1,825.91 1,691.97EvÀgÉà ZÁ°Û¬ÄgÀzÀ D¹ÛUÀ¼ÀÄ

Current assetsZÁ°ÛAiÀÄ°ègÀĪÀ D¹ÛUÀ¼ÀÄInventories 9 26,676.32 23,940.06 24,954.76¸ÀgÀPÀÄUÀ¼ÀÄFinancial AssetsDyðPÀ D¹ÛUÀ¼ÀÄ

Trade Receivables 10 37.98 25.00 25.60ªÁå¥Áj ¹éÃPÁgÀUÀ¼ÀÄCash and Cash Equivalents 11 12,568.85 1,163.95 53,051.31£ÀUÀzÀÄ ªÀÄvÀÄÛ £ÀUÀzÀÄ ¸ÀªÀiÁ£ÁAvÀgÀUÀ¼ÀÄOther Bank Balances 12 21,126.40 44,331.82 133.14EvÀgÉà ¨ÁåAPï ²®ÄÌUÀ¼ÀÄOther Advances 13 2,394.10 2,582.00 10,933.42EvÀgÉà ªÀÄÄAUÀqÀUÀ¼ÀÄCurrent Tax Assets (Net) 14 5,478.60 7,493.83 -

ZÁ°Û vÉjUÉ D¹ÛUÀ¼ÀÄ(¤ªÀé¼À)

Particulars

(` in lakhs)(gÀÆ. ®PÀëUÀ¼À°è)

BALANCE SHEET AS AT 31st MARCH 201731£Éà ªÀiÁZïð 2017 zÀÀAzÀÄ EzÀÝAvÉ ¹Üw «ªÀgÀuÁ ¥ÀnÖ

Note No.

n¥Ààt¸ÀAS Éå

As at 31st March,2017

31£Éà ªÀiÁZïð 2017zÀÀAzÀÄ EzÀÝAvÉ

As at 31st March,2016

31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ

As on 1st April,2015

31£Éà ªÀiÁZïð 2015zÀÀAzÀÄ EzÀÝAvÉ

«ªÀgÀUÀ¼ÀÄ

CIN : U85110KA1947SGC001321

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

144

Other Current assets 15 2,102.03 1,874.03 2,091.21EvÀgÉà ZÁ°Û D¹ÛUÀ¼ÀÄ

Assets held for sale 16 5.49 - -ªÀiÁgÁlPÁÌV ºÉÆA¢gÀĪÀ D¹ÛUÀ¼ÀÄ

Total Assets 2,03,917.42 1,29,133.87 1,23,269.43MlÄÖ D¹ÛUÀ¼ÀÄ

EQUITY AND LIABILITIESFQén ªÀÄvÀÄÛ zÁ¬ÄvÀéUÀ¼ÀÄ

EquityFQénEquity Share Capital 17 296.20 296.20 296.20FQén µÉÃgÀÄ §AqÀªÁ¼ÀOther Equity 18 1,82,039.03 1,08,626.68 1,07,485.44EvÀgÉà FQén

Non-Current LiabilitiesZÁ°Û¬ÄgÀzÀ zÁ¬ÄvÀéUÀ¼ÀÄFinancial Liabilities:DyðPÀ zÁ¬ÄvÀéUÀ¼ÀÄ

Borrowing¸Á®UÀ¼ÀÄ - - -Trade payableªÁå¥Áj ¸ÀAzÁAiÀÄUÀ¼ÀÄ - - -Other Financials LiabilitiesEvÀgÉà DyðPÀ zÁ¬ÄvÀéUÀ¼ÀÄ - - -

Provisions 19 5,480.77 5,551.98 5,183.87ªÀÄÄ£ÉßÃ¥ÁðqÀÄUÀ¼ÀÄDeferred Tax Liabilities (Net) 20 894.20 1,461.24 1,402.73ªÀÄÄAzÀÆqÀ¯ÁzÀ vÉjUÉ zÁ¬ÄvÀéUÀ¼ÀÄ(¤ªÀé¼À)Other Non-Current LiabilitiesEvÀgÉà ZÁ°Û¬ÄgÀzÀ zÁ¬ÄvÀéUÀ¼ÀÄ

Current LiabilitiesZÁ°Û zÁ¬ÄvÀéUÀ¼ÀÄFinancial LiabilitiesDyðPÀ zÁ¬ÄvÀéUÀ¼ÀÄ

Borrowing - - -¸Á®UÀ¼ÀÄ

Particulars

(` in lakhs)(gÀÆ. ®PÀëUÀ¼À°è)

Note No.

n¥Ààt¸ÀAS Éå

As at 31st March,2017

31£Éà ªÀiÁZïð 2017zÀÀAzÀÄ EzÀÝAvÉ

As at 31st March,2016

31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ

As on 1st April,2015

31£Éà ªÀiÁZïð 2015zÀÀAzÀÄ EzÀÝAvÉ

«ªÀgÀUÀ¼ÀÄ

THE HUTTI GOLD MINES COMPANY LIMITED

145

Particulars

(` in lakhs)(gÀÆ. ®PÀëUÀ¼À°è)

Note No.

n¥Ààt¸ÀAS Éå

As at 31st March,2017

31£Éà ªÀiÁZïð 2017zÀÀAzÀÄ EzÀÝAvÉ

As at 31st March,2016

31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ

As on 1st April,2015

31£Éà ªÀiÁZïð 2015zÀÀAzÀÄ EzÀÝAvÉ

«ªÀgÀUÀ¼ÀÄ

Trade Payables 21 6,309.05 9,092.64 5,286.24ªÁå¥Áj ¸ÀAzÁAiÀÄUÀ¼ÀÄOther Financial Liabilities 22 6,272.23 2,174.33 1,444.55EvÀgÉà DyðPÀ zÁ¬ÄvÀéUÀ¼ÀÄ

Provisions 23 2,625.94 1,930.79 2,170.40ªÀÄÄ£ÉßÃ¥ÁðqÀÄUÀ¼ÀÄOther Current LiabilitiesEgÀvÉà ZÁ°Û zÁ¬ÄvÀéUÀ¼ÀÄ - - -

Total Equity and Liabilities 2,03,917.42 1,29,133.87 1,23,269.43MlÄÖ FQén ªÀÄvÀÄÛ zÁ¬ÄvÀéUÀ¼ÀÄ

Significant accounting policies 1¥ÀæªÀÄÄR ¯ÉPÁÌZÁgÀ ¤ÃwUÀ¼ÀÄNotes to accounts 32¯ÉPÀÌUÀ½UÉ n¥ÀàtÂ

To be read with our report of even date.For Nath AssociatesChartered AccountantsICAI Firm Reg.No 002426S

Sd/-(B.S.MANJUNATH)PARTNERMEMBERSHIP NO.009743

Place : BangaloreDated : 10-11-2017

Sd/-(T.H.M KUMAR)Managing Director

DIN: 07051988

Sd/-(B.R.YAVAGAL)

Chairman DIN: 07977150

For and on behalf of the Board

EzÉà ¢£ÁAPÀzÀ £ÀªÀÄä ªÀgÀ¢AiÉÆA¢UÉ NzÀvÀPÀÌzÀÄÝ.£Áxï D ÉÆùAiÉÄÃmïìgÀªÀgÀ ¥ÀgÀªÁVbÁlðqïð CPËAmÉAmïìL¹JL ¥sÀªÀiïð £ÉÆÃA. ¸ÀA : 002426J¸ï

À»/-(©.J¸ï. ªÀÄAdÄ£Áxï)¥Á®ÄzÁgÀgÀÄÀzÀ ÀåvÀé ÀA: 009743

ÀܼÀ : ÉAUÀ¼ÀÆgÀÄ¢£ÁAPÀ : 10-11-2017

À»/-(©.Dgï. AiÀiÁªÀUÀ ï)

CzsÀåPÀëgÀÄ rLJ£ï : 07977150

À»/-(n.JZï.JA. PÀĪÀiÁgï)ªÀåªÀ ÁÜ¥ÀPÀ ¤zÉðñÀPÀgÀÄrLJ£ï : 07051988

ªÀÄAqÀ½AiÀÄ ¥ÀgÀªÁV

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

146

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED MARCH 31st 2017

31£Éà ªÀiÁZïð 2017 gÀAzÀÄ PÉÆ£ÉUÉÆAqÀ ªÀµÀðPÉÌ ¯Á¨sÀ ªÀÄvÀÄÛ £ÀµÀÖ vÀ¦ìîÄ

INCOMEDzÁAiÀÄRevenue from operations 24 42,602.75 38,134.05

PÁAiÀÄð¤ªÀðºÀuɬÄAzÁzÀ ªÀgÀªÀiÁ£ÀOther income 25 5,279.71 5,837.69

EvÀgÉÃ DzÁAiÀÄ Total Income 47,882.46 43,971.74 MlÄÖ DzÁAiÀÄ

EXPENDITUREªÉZÀÑUÀ¼ÀÄCost of materials consumed 4,749.19 4,775.59

§¼ÀPÉAiÀiÁzÀ ªÀ¸ÀÄÛUÀ¼À ªÀÄvÀÄÛ ©r¨sÁUÀUÀ¼À ªÉZÀÑPurchase of Stock in Trade

ªÁå¥Áj zÁ¸ÁÛ£ÀÄUÀ¼À RjâChanges in inventories of

Finished goods, work-in-process

and stock-in-trade 26 (2,528.19) 517.56

¹zÀÞªÀ¸ÀÄÛUÀ¼À, ¸ÀA¸ÀÌgÀuÉAiÀÄ°ègÀĪÀªÀÄvÀÄÛ zÁ¸ÁÛ£ÀÄUÀ¼À°è£À §zÀ¯ÁªÀuÉUÀ¼ÀÄExcise Duty on Goods sold during the year 24 3,561.27 3,093.11

¥Àæ¸ÀÄÛvÀ ªÀµÀðzÀ°è ªÀ¸ÀÄÛUÀ¼À ªÀiÁgÁlzÀ ªÉÄð£À C¨ÁÌj ¸ÀÄAPÀEmployee Benefit Expenses 27 23,143.85 19,827.14

£ËPÀgÀgÀ ¸Ë®¨sÀå ªÉZÀÑUÀ¼ÀÄFinance Costs 19.57 17.48

ºÀtPÁ¸ÀÄ ªÉZÀÑUÀ¼ÀÄDepreciation and Amortisation Expenses 28 2,805.36 2,733.61

¸ÀªÀPÀ½ ªÀÄvÀÄÛ wÃgÀĪÀ½ ªÉZÀÑUÀ¼ÀÄOther expenses 29 11,962.10 11,759.59

EvÀgÉà ªÉZÀÑUÀ¼ÀÄ Total Expenses 43,713.15 42,724.08 MlÄÖ ªÉZÀÑUÀ¼ÀÄ

(` in lakhs)(gÀÆ. ®PÀëUÀ¼À°è)

Particulars«ªÀgÀUÀ¼ÀÄ

Note No.

n¥Ààt¸ÀAS Éå

As at 31st March,2017

31£Éà ªÀiÁZïð 2017zÀÀAzÀÄ EzÀÝAvÉ

As at 31st March,2016

31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ

CIN : U85110KA1947SGC001321

THE HUTTI GOLD MINES COMPANY LIMITED

147

Profit/(Loss) before exceptional items and tax 4,169.31 1,247.66

C¸ÁzsÁgÀt ¨Á§ÄÛUÀ¼ÀÄ ªÀÄvÀÄÛ vÉjUÉUɪÀÄÄAa£À ¯Á¨sÀ

Exceptional items - -

C¸ÁzsÁgÀt ¨Á§ÄÛUÀ¼ÀÄ

Profit/(Loss) Before Tax 4,169.31 1,247.66

vÉjUÉ ªÀÄÄAa£À ¯Á¨sÀ(£ÀµÀÖ)

Tax expenses:

vÉjUÉ ªÉZÀÑUÀ¼ÀÄCurrent Tax 1,579.49 510.00

ZÁ°Û vÉjUÉUÀ¼ÀÄDeferred tax (567.04) 58.51

ªÀÄÄAzÀÆqÀ¯ÁzÀ vÉjUÉUÀ¼ÀÄ

Profit / (Loss) for the year 3,156.85 679.15

ªÀµÀðPÉÌ ¸ÀA§A¢ü¹zÀ ¯Á¨sÀ/(£ÀµÀÖ)

Other Comprehensive Income

EvÀgÉà «¸ÀÛøvÀ DzÁAiÀÄ

Items that will not be reclassified to profit or loss:

¯Á¨sÀ CxÀªÁ £ÀµÀÖªÉAzÀÄ ¥ÀÄ£ÀªÀðVÃPÀj¸À¯ÁV®èzÀ ¨Á§ÄÛUÀ¼ÀÄItems that will not be reclassified subsequently to profit or loss:

¯Á¨sÀ CxÀªÁ £ÀµÀÖªÉAzÀÄ vÀzÀ£ÀAvÀgÀ ¥ÀÄ£ÀªÀðVÃPÀj¸À¯ÁUÀ¢gÀĪÀ ¨Á§ÄÛUÀ¼ÀÄRemeasurement of net defined benefit liability/asset

(net of tax) 30 (79.76) (46.38)

ªÁåSÁ夸À¯ÁzÀ ¸ÀªÀ®vÀÄÛUÀ¼À ¤ªÀé¼ÀzÁ¬ÄvÀé/D¹ÛUÀ¼À¥ÀÄ£ÀªÀiÁð¥À£À(vÉjUÉ ¤ªÀé¼À)Total Comprehensive Income for the Year 3,077.09 632.77

ªÀµÀðzÀ°è£À MlÄÖ «¸ÀÛøvÀ DzÁAiÀÄ

(` in lakhs)(gÀÆ. ®PÀëUÀ¼À°è)

Particulars«ªÀgÀUÀ¼ÀÄ

Note No.

n¥Ààt¸ÀAS Éå

As at 31st March,2017

31£Éà ªÀiÁZïð 2017zÀÀAzÀÄ EzÀÝAvÉ

As at 31st March,2016

31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

148

To be read with our report of even date.For Nath AssociatesChartered AccountantsICAI Firm Reg.No 002426S

Sd/-(B.S.MANJUNATH)PARTNERMEMBERSHIP NO.009743

Place : BangaloreDated : 10-11-2017

Sd/-(T.H.M KUMAR)Managing Director

DIN: 07051988

Sd/-(B.R.YAVAGAL)

Chairman DIN: 07977150

For and on behalf of the Board

EzÉà ¢£ÁAPÀzÀ £ÀªÀÄä ªÀgÀ¢AiÉÆA¢UÉ NzÀvÀPÀÌzÀÄÝ.£Áxï D ÉÆùAiÉÄÃmïìgÀªÀgÀ ¥ÀgÀªÁVbÁlðqïð CPËAmÉAmïìL¹JL ¥sÀªÀiïð £ÉÆÃA. ¸ÀA : 002426J¸ï

À»/-(©.J¸ï. ªÀÄAdÄ£Áxï)¥Á®ÄzÁgÀgÀÄÀzÀ ÀåvÀé ÀA: 009743

ÀܼÀ : ÉAUÀ¼ÀÆgÀÄ¢£ÁAPÀ : 10-11-2017

À»/-(©.Dgï. AiÀiÁªÀUÀ ï)

CzsÀåPÀëgÀÄ rLJ£ï : 07977150

À»/-(n.JZï.JA. PÀĪÀiÁgï)ªÀåªÀ ÁÜ¥ÀPÀ ¤zÉðñÀPÀgÀÄrLJ£ï : 07051988

ªÀÄAqÀ½AiÀÄ ¥ÀgÀªÁV

Earnings per Share

¥Àæw µÉÃj£À ªÉÄð£À UÀ½PÉBasic (in `) 31 1,065.77 229.28

ªÀÄÆ®Diluted – –

«gÀ¼ÀªÁzÀ

(` in lakhs)(gÀÆ. ®PÀëUÀ¼À°è)

Particulars«ªÀgÀUÀ¼ÀÄ

Note No.

n¥Ààt¸ÀAS Éå

As at 31st March,2017

31£Éà ªÀiÁZïð 2017zÀÀAzÀÄ EzÀÝAvÉ

As at 31st March,2016

31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ

THE HUTTI GOLD MINES COMPANY LIMITED

149

(` in lakhs)(gÀÆ. ®PÀëUÀ¼À°è)

STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31ST MARCH, 201731£Éà ªÀiÁZïð 2017 zÀÀAzÀÄ EzÀÝAvÉ FQénAiÀÄ°è£À §zÀ¯ÁªÀuÉUÀ¼À°è£À §UÉUÉ vÀ¦ìîÄ

CIN : U85110KA1947SGC001321

a) Equity Share CapitalFQén µÉÃgÀÄ §AqÀªÁ¼À

Particulars Note No. Amount«ªÀgÀUÀ¼ÀÄ n¥Ààt ÀASÉå ªÉÆvÀÛ

Balance as at 1 April 2015 17 296.201£Éà K¦æ ï 2015gÀA¢£À ²®ÄÌChanges in Equity Share Capital -

FQén µÉÃgÀÄ §AqÀªÁ¼ÀzÀ°è£À §zÀ ÁªÀuÉBalance as at 31 March 2016 17 296.20

31£Éà ªÀiÁZïð 2016gÀA¢£À ²®ÄÌChanges in Equity Share Capital -

FQén µÉÃgÀÄ §AqÀªÁ¼ÀzÀ°è£À §zÀ ÁªÀuÉBalance as at 31 March 2017 296.2031£Éà ªÀiÁZïð 2017gÀA¢£À ²®ÄÌ

b) Other Equity Refer Note No.18EvÀgÉà FQén n¥Ààt ÀA. 18£ÀÄß £ÉÆÃr

Particulars Capital Securities General Retained RevaluationReserve Premium Reserve Earnings Reserve Total

«ªÀgÀUÀ¼ÀÄ §AqÀªÁ¼À ¸ÉPÀÄåjnÃ¸ï ¸ÁªÀiÁ£Àå G½¹PÉÆAqÀ ¥ÀÄ£ÀªÀiËð°åà MlÄÖ«ÄøÀ®Ä ¦æëÄAiÀĪÀiï «ÄøÀ®Ä UÀ½PÉ PÀgÀt «Äà À®Ä

Balance as at 1 April 2015 1.10 12.79 16,840.04 91,139.99 - 1,07,993.921£Éà K¦æ ï 2015gÀA¢£À ²®ÄÌProfit for the year 632.76 632.76ªÀµÀðzÀ°è£À ¯Á sÀ

Total MlÄÖ 1.10 12.79 16,840.04 91,772.75 0.00 1,08,626.68

Balance as at 31 March 2016 1.10 12.79 16,840.04 91,772.75 0.00 1,08,626.6831£Éà ªÀiÁZï 2016gÀA¢£À ²®ÄÌAdditions during the year onRevaluation of Fixed Assets 73,327.98 73,327.98¹ÜgÁ¹ÛUÀ¼À ¥ÀÄ£ÀªÀiËð°åÃPÀgÀtzÉqÉUÉ ÉÃ¥ÀðqÉLess: Depreciation on Revalued Assets (2,752.76) (2,752.76)PÀ¼É¬Äj : ¥ÀÄ£ÀªÀiËð°åÃPÀÈvÀ D¹ÛUÀ¼ÀªÉÄð£À ÀªÀPÀ½

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

150

Profit for the year 3,156.85 3,156.85ªÀµÀðzÀ ¯Á sÀTransfer to General Reserve 415.00 (415.00) -¸ÁªÀiÁ£Àå «Äà À°UÉ ªÀUÁð¬Ä À ÁzÀzÀÄÝOther Comprehensive Incomenet of tax (79.76) (79.76)EvÀgÉà « ÀÛøvÀ DzÁAiÀÄ vÉjUÉAiÀÄ ¤ªÀé¼ÀDividend (including DDT) for 2015-16 (89.13) (89.13)¯Á sÁA±À(¸ÁA¹ÜPÀ vÉjUÉAiÀÄ£ÉÆß¼ÀUÉÆAqÀÄ)2015-16£Éà ¸Á°UÉNet Adjustment of prior period itemsnet of tax 175.84 175.84»A¢£À ªÀµÀðUÀ¼À ¨Á§ÄÛUÀ¼À ¤ªÀé¼ÀºÉÆAzÁtÂPÉIncome-tax Adjustment for prior years (328.65) (328.65)»A¢£À ªÀµÀðUÀ¼À DzÁAiÀÄ vÉjUɺÉÆAzÁtÂPÉ

Prior period depreciation withdrawn 1.97 1.97»A¢£À ªÀµÀðzÀ ÀªÀPÀ½AiÀÄ£ÀÄß»AvÉUÉAiÀįÁzÀzÀÄÝ

Total MlÄÖ - - 415.00 2,422.13 70,575.22 73,412.35

Balance as at 31 March 2017 1.10 12.79 17,255.04 94,194.89 70,575.22 1,82,039.0331£Éà ªÀiÁZï 2017gÀA¢£À ²®ÄÌ

To be read with our report of even date.For Nath AssociatesChartered AccountantsICAI Firm Reg.No 002426S

Sd/-(B.S.MANJUNATH)PARTNERMEMBERSHIP NO.009743

Place : BangaloreDated : 10-11-2017

Sd/-(T.H.M KUMAR)Managing Director

DIN: 07051988

Sd/-(B.R.YAVAGAL)

Chairman DIN: 07977150

For and on behalf of the Board

EzÉà ¢£ÁAPÀzÀ £ÀªÀÄä ªÀgÀ¢AiÉÆA¢UÉ NzÀvÀPÀÌzÀÄÝ.£Áxï D ÉÆùAiÉÄÃmïìgÀªÀgÀ ¥ÀgÀªÁVbÁlðqïð CPËAmÉAmïìL¹JL ¥sÀªÀiïð £ÉÆÃA. ¸ÀA : 002426J¸ï

À»/-(©.J¸ï. ªÀÄAdÄ£Áxï)¥Á®ÄzÁgÀgÀÄÀzÀ ÀåvÀé ÀA: 009743

ÀܼÀ : ÉAUÀ¼ÀÆgÀÄ¢£ÁAPÀ : 10-11-2017

À»/-(©.Dgï. AiÀiÁªÀUÀ ï)

CzsÀåPÀëgÀÄ rLJ£ï : 07977150

À»/-(n.JZï.JA. PÀĪÀiÁgï)ªÀåªÀ ÁÜ¥ÀPÀ ¤zÉðñÀPÀgÀÄrLJ£ï : 07051988

ªÀÄAqÀ½AiÀÄ ¥ÀgÀªÁV

THE HUTTI GOLD MINES COMPANY LIMITED

151

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 20172017gÀ ªÀiÁað 31PÉÌ CAvÀåUÉÆAqÀ ªÀµÀðPÉÌ £ÀUÀzÀÄ ºÀjªÀÅ vÀBSÉÛ «ªÀgÀuÁ ¥ÀnÖ

(Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)

Particulars«ªÀgÀUÀ¼ÀÄ

A. Cash flow from operating activities¤ªÀðºÀuÁ ZÀlĪÀnPÉUÀ½AzÁzÀ £ÀUÀzÀÄ ºÀjªÀÅNet Profit / (Loss) before extraordinaryitems and tax 4,169.31 1,247.66«±ÉõÀ ¨Á§ÄÛUÀ¼ÀÄ ªÀÄvÀÄÛ vÉjUÉAiÀĪÀÄÄAa£À ¤ªÀé¼À ¯Á¨sÀ/(£ÀµÀÖ)Adjustments for:ºÉÆAzÁtÂPÉUÀ¼ÀÄ

Depreciation and amortisation 2,805.36 2,733.61¸ÀªÀPÀ½ ªÀÄvÀÄÛ wÃgÀĪÀ½UÀ¼ÀÄ(Profit) / loss on sale / write off of assets - -vÉÆqÉzÀÄ ºÁPÀ¯ÁzÀ/ªÀiÁgÁl ªÀiÁqÀ¯ÁzÀD¹ÛUÀ¼À ªÉÄð£À (¯Á¨sÀ)/£ÀµÀÖFinance costs 19.57 17.48ºÀtPÁ¸ÀÄ ªÉZÀÑUÀ¼ÀÄInterest income (4,750.77) (5,327.84)§rجÄAzÀ §AzÀ DzÁAiÀÄDividend Income - (2.86)¯Á¨sÁA±ÀzÀ DzÁAiÀÄGain on sale of investments - (255.37)ºÀÆrPÉUÀ¼À ªÀiÁgÁl¢AzÁzÀ ¯Á¨sÀDepreciation adjustment Reserve 1.97 -¸ÀªÀPÀ½ ºÉÆAzÁtÂPÉAiÀÄ «ÄøÀ®ÄAdjustment of prior period item 175.84 -

»A¢£À ªÀµÀðUÀ¼À ºÉÆAzÁtÂPÉAiÀÄ ¨Á§ÄÛUÀ¼ÀÄ

Operating profit / (loss) before

working capital changes 2,421.27 (1,587.32)PÁAiÀÄð²Ã® §AqÀªÁ¼ÀzÀ°è£À §zÀ¯ÁªÀuÉUÀ¼ÀªÀÄÄAa£À PÁAiÀiÁðZÀgÀuÉAiÀÄ ¯Á¨sÀ

Changes in working capital:PÁAiÀÄð²Ã® §AqÀªÁ¼ÀUÀ¼À°è §zÀ¯ÁªÀuÉAdjustments for (increase) / decrease in operating assets:

PÁAiÀÄð²Ã® D¹ÛUÀ¼À(ºÉZÀѼÀ)/E½vÀUÀ½AzÁzÀ ºÉÆAzÁtÂPÉUÀ¼ÀÄ

As at 31st March, 201731£Éà ªÀiÁZïð 2017

zÀÀAzÀÄ EzÀÝAvÉ

As at 31st March, 201631£Éà ªÀiÁZïð 2016

zÀÀAzÀÄ EzÀÝAvÉ

CIN : U85110KA1947SGC001321

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

152

Inventories (2,736.26) 1,014.71¸ÀgÀPÀÄUÀ¼ÀÄFinancial AssetsDyðPÀ D¹ÛUÀ¼ÀÄTrade receivables (12.98) 0.60ªÁå¥Áj ¥ÀqÉAiÀÄÄ«PÉUÀ¼ÀÄOther Advances 187.89 8,351.44EvÀgÉà ªÀÄÄAUÀqÀUÀ¼ÀÄCurrent Tax Assets (Net) 2,015.23 (7,493.83)ZÁ°Û vÉjUÉ D¹ÛUÀ¼ÀÄ (¤ªÀé¼À)Other Current Assets (228.01) 217.19EvÀgÉà ZÁ°Û D¹ÛUÀ¼ÀÄOther financial assets (15,000.00) (9,000.00)EvÀgÉà DyðPÀ D¹ÛUÀ¼ÀÄOther Non-Current Assets 745.44 (133.94)EvÀgÉà ZÁ°Û¬ÄgÀzÀ D¹ÛUÀ¼ÀÄAssets held for sale (5.49) -

ªÀiÁgÁlPÁÌV ºÉÆA¢gÀĪÀ D¹ÛUÀ¼ÀÄ

(15,034.17) (7,043.83)Adjustments for increase / (decrease) in operating liabilities:PÁAiÀiÁðZÀgÀuÁ ¨sÁzÀåvÉUÀ¼À°è£À KjPÉ/(E½PÉ)UÀ½AzÁzÀ ºÉÆAzÁtÂPÉUÀ¼ÀÄ

Financial Liabilities - -DyðPÀ zÁ¬ÄvÀéUÀ¼ÀÄBorrowing - -¸Á®UÀ¼ÀÄTrade Payables (2,783.60) 3,806.40ªÁå¥Áj ¸ÀAzÁAiÀÄUÀ¼ÀÄOther Financial Liabilities 4,097.90 729.78EvÀgÉà DyðPÀ zÁ¬ÄvÀéUÀ¼ÀÄProvisions 544.18 82.12ªÀÄÄ£ÉßÃ¥ÁðqÀÄUÀ¼ÀÄAdjustment of Income-tax Provision (328.65) -vÉjUÉ K¥ÁðqÀÄUÀ¼À ºÉÆAzÁtÂPÉOther Current Liabilities - -EvÀgÉà ZÁ°Û zÁ¬ÄvÀéUÀ¼ÀÄ

1,529.83 4,618.30

Particulars «ªÀgÀUÀ¼ÀÄ

As at 31st March, 201731£Éà ªÀiÁZïð 2017

zÀÀAzÀÄ EzÀÝAvÉ

As at 31st March, 201631£Éà ªÀiÁZïð 2016

zÀÀAzÀÄ EzÀÝAvÉ

(Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)

THE HUTTI GOLD MINES COMPANY LIMITED

153

Cash generated from operations (11,083.07) (4,012.85)

PÁAiÀiÁðZÀgÀuÉUÀ½AzÀ GvÀàwÛAiÀiÁzÀ £ÀUÀzÀÄNet income tax (paid) / refunds (1,579.49) (510.00)

¥ÁªÀw¸À¯ÁzÀ/»AwgÀÄV ¹éÃPÀÈwAiÀiÁzÀDzÁAiÀÄ vÉjUÉ

Net cash flow from / (used in)

operating activities (A) (12,662.56) (4,522.85)

¤ªÀðºÀuÁ ZÀlĪÀnPÉUÀ½AzÀ §AzÀ/CªÀÅUÀ¼À°èvÉÆqÀV¸À¯ÁzÀ ¤ªÀé¼À £ÀUÀzÀÄ ºÀjªÀÅ(J)B. Cash flow from investing activities

ºÀÆrPÉ ZÀlĪÀnPÉUÀ½AzÀ £ÀUÀzÀÄ ºÀjªÀÅCurrent investments - 5,568.60

ZÁ°Û ºÀÆrPÉUÀ¼ÀÄCapital expenditure on property, plant &

equipment, including capital advances (3,780.04) (14,302.97)

§AqÀªÁ¼À ªÀÄÄAUÀqÀUÀ¼À£ÀÆß M¼ÀUÉÆAqÀAvÉ D¹ÛUÀ¼ÀÄ,¸ÁܪÀgÀ ªÀÄvÀÄÛ G¥ÀPÀgÀtUÀ¼À ªÉÄð£À §AqÀªÁ¼À ªÉZÀÑUÀ¼ÀÄInterest received

¹éÃPÀÈvÀªÁzÀ §rØ- From Bank Deposits & Others 4,750.77 5,327.84

- ¨ÁåAPï oÉêÀt ªÀÄvÀÄÛ EvÀgÀjAzÀDividend Income - 2.86

¯Á¨sÁA±ÀzÀ DzÁAiÀÄGain on sale of investments - 255.37ºÀÆrPÉUÀ¼À ªÀiÁgÁl¢AzÁzÀ ¯Á¨sÀCash flow from extraordinary items - -

«±ÉõÀ ¨Á§ÄÛUÀ½AzÀ §AzÀ £ÀUÀzÀÄ ºÀjªÀÅNet cash flow from / (used in)

investing activities (B) 970.73 (3,148.30)

ºÀÆrPÁ ZÀlĪÀnPÉUÀ½AzÀ §AzÀ/CªÀÅUÀ½UÉG¥ÀAiÉÆÃV¸À¯ÁzÀ ¤ªÀé¼À £ÀUÀzÀÄ ºÀjªÀÅ(©)

Particulars«ªÀgÀUÀ¼ÀÄ

As at 31st March, 201731£Éà ªÀiÁZïð 2017

zÀÀAzÀÄ EzÀÝAvÉ

As at 31st March, 201631£Éà ªÀiÁZïð 2016

zÀÀAzÀÄ EzÀÝAvÉ

(Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

154

C. Cash flow from financing activitiesºÀtPÁ¸ÀÄ ZÀlĪÀnPÉUÀ½AzÀ £ÀUÀzÀÄ ºÀjªÀÅFinance cost (19.57) (17.48)ºÀtPÁ¸ÀÄ ªÉZÀÑUÀ¼ÀÄDividends / Tax on dividend paid (89.13) -¥ÁªÀw¸À¯ÁzÀ ¯Á¨sÁA±À/¯Á¨sÁA±ÀzÀ ªÉÄð£À vÉjUÉ

(108.70) (17.48)Net cash flow from / (used in)financing activities (C) (108.70) (17.48)ºÀtPÁ¸ÀÄ ZÀlĪÀnPÉUÀ½AzÀ §AzÀ/(CªÀÅUÀ¼À°è)G¥ÀAiÉÆÃV¸À¯ÁzÀ ¤ªÀé¼À £ÀUÀzÀÄ ºÀjªÀÅ(¹)

D. Net increase / (decrease) in Cashand cash equivalents (A+B+C) (11,800.52) (7,688.63)£ÀUÀzÀÄ ªÀÄvÀÄÛ £ÀUÀzÀÄ ¸ÀªÀiÁ£ÁAvÀgÀUÀ¼À°è£À¤ªÀé¼À KjPÉ/(E½PÉ) (J+©+¹)Cash and cash equivalents at thebeginning of the year 45,495.77 53,184.40ªÀµÀðzÀ DgÀA¨sÀzÀ°è£À £ÀUÀzÀÄ ªÀÄvÀÄÛ£ÀUÀzÀÄ ¸ÀªÀiÁ£ÁAvÀgÀUÀ¼ÀÄ

Cash and cash equivalents at theend of the year 33,695.25 45,495.77ªÀµÀðzÀ CAvÀåzÀ°è£À £ÀUÀzÀÄ ªÀÄvÀÄÛ£ÀUÀzÀÄ ¸ÀªÀiÁ£ÁAvÀgÀUÀ¼ÀÄ

Reconciliation of Cash and cash equivalentswith the Balance Sheet:DyðPÀ ¹Üw «ªÀgÀuÁ ¥ÀnÖAiÉÆA¢UÉ £ÀUÀzÀĸÀªÀiÁ£ÁAvÀgÀUÀ¼À ºÉÆAzÁtÂPÉCash and cash Equivalents :£ÀUÀzÀÄ ªÀÄvÀÄÛ £ÀUÀzÀÄ ¸ÀªÀiÁ£ÁAvÀgÀUÀ¼ÀÄCash on hand 2.32 4.04PÉÊAiÀÄ°ègÀĪÀ £ÀUÀzÀÄBalances with banks

¨ÁåAPïUÀ¼À°ègÀĪÀ ²®ÄÌUÀ¼ÀÄIn current & flexi accounts 3,407.57 138.40

ZÁ°Û ªÀÄvÀÄÛ ¥sóÉèQì SÁvÉUÀ¼À°ègÀĪÀÅzÀÄ

As at 31st March, 201731£Éà ªÀiÁZïð 2017

zÀÀAzÀÄ EzÀÝAvÉ

As at 31st March, 201631£Éà ªÀiÁZïð 2016

zÀÀAzÀÄ EzÀÝAvÉ

Particulars«ªÀgÀUÀ¼ÀÄ

(Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)

THE HUTTI GOLD MINES COMPANY LIMITED

155

In deposit accounts (Maturing in less than

3 months) 9,158.96 1,021.51

oÉêÀt SÁvÉUÀ¼À°ègÀĪÀÅzÀÄ(ªÀÄÆgÀÄ wAUÀ½UÀÆPÀrªÉÄ CªÀ¢üAiÀÄ°è wÃgÀĪÀ½ DUÀĪÀªÀÅ)Balances with banks on deposit accounts

(Maturity more than 3 months less than 1 year) 21,000.00 44,200.00

oÉêÀt SÁvÉUÀ¼À°è ¨ÁåAPÀÄUÀ¼À°ègÀĪÀ ²®ÄÌ(3 wAUÀ¼À CªÀ¢üUÀÆ «ÄÃj wÃgÀĪÀ½ DUÀĪÀªÀÅ)Unpaid dividend accounts 4.71 4.37

¥ÁªÀw¹®èzÀ ¯Á¨sÁA±À ¯ÉPÀÌUÀ¼ÀÄBank deposits offered as security for

bank guarantees 121.69 127.45

¨ÁåAPï UÁågÀAnUÀ¼ÉqÉUÉ SÁvÀjAiÀiÁV ¤ÃqÀ¯ÁzÀ¨ÁåAPï oÉêÀtÂUÀ¼ÀÄ

Total 33,695.25 45,495.77

MlÄÖ

Particulars«ªÀgÀUÀ¼ÀÄ

As at 31st March, 201731£Éà ªÀiÁZïð 2017

zÀÀAzÀÄ EzÀÝAvÉ

As at 31st March, 201631£Éà ªÀiÁZïð 2016

zÀÀAzÀÄ EzÀÝAvÉ

(Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)

To be read with our report of even date.For Nath AssociatesChartered AccountantsICAI Firm Reg.No 002426S

Sd/-(B.S.MANJUNATH)PARTNERMEMBERSHIP NO.009743

Place : BangaloreDated : 10-11-2017

Sd/-(T.H.M KUMAR)Managing Director

DIN: 07051988

Sd/-(B.R.YAVAGAL)

Chairman DIN: 07977150

For and on behalf of the Board

EzÉà ¢£ÁAPÀzÀ £ÀªÀÄä ªÀgÀ¢AiÉÆA¢UÉ NzÀvÀPÀÌzÀÄÝ.£Áxï D ÉÆùAiÉÄÃmïìgÀªÀgÀ ¥ÀgÀªÁVbÁlðqïð CPËAmÉAmïìL¹JL ¥sÀªÀiïð £ÉÆÃA. ¸ÀA : 002426J¸ï

À»/-(©.J¸ï. ªÀÄAdÄ£Áxï)¥Á®ÄzÁgÀgÀÄÀzÀ ÀåvÀé ÀA: 009743

ÀܼÀ : ÉAUÀ¼ÀÆgÀÄ¢£ÁAPÀ : 10-11-2017

À»/-(©.Dgï. AiÀiÁªÀUÀ ï)

CzsÀåPÀëgÀÄ rLJ£ï : 07977150

À»/-(n.JZï.JA. PÀĪÀiÁgï)ªÀåªÀ ÁÜ¥ÀPÀ ¤zÉðñÀPÀgÀÄrLJ£ï : 07051988

ªÀÄAqÀ½AiÀÄ ¥ÀgÀªÁV

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

156

NON CURRENT ASSETSZÁ°Û¬ÄgÀzÀ D¹ÛUÀ¼ÀÄ

Note 2 : Property, plant and equipmentn¥Ààt ÀASÉå 2 : D¹ÛUÀ¼ÀÄ, ¸ÁܪÀgÀ ªÀÄvÀÄÛ G¥ÀPÀgÀtUÀ¼ÀÄ

PARTICULARS 1st April, 2016 Additions Disposal Effects of Revaluation 31st Mar 2017Foreign Currency of Assets

Exchange Difference

«ªÀgÀUÀ¼ÀÄ K¦æ ï 1 ¸ÉÃ¥ÀðqÉ ªÀiÁgÁl «zÉò «¤ªÀÄAiÀÄzÀ D¹ÛUÀ¼ÀÄ ªÀiÁZïð 312016gÀ°èzÀÝAvÉ UÀ¼ÀÄ UÀ¼ÀÄ ªÀåvÁå ÀzÀ ¥ÀÄ£À 2017gÀ°èzÀÝAvÉ

¥ÀjuÁªÀÄUÀ¼ÀÄ ªÀiËð°åÃPÀgÀt

Gross BlockMlÄÖ D¹ÛUÀ¼ÀÄFree Hold Land 780.26 432.27 62,262.90 63,475.43¤gÀÄ¥Á¢üPÀ sÀÆ«ÄBuildings 4,796.23 559.44 33.50 1,978.80 7,300.97PÀlÖqÀUÀ¼ÀÄPlant & Equipment 21,402.73 900.99 604.11 5,227.25 26,926.86¸ÁܪÀgÀ ªÀÄvÀÄÛ G¥ÀPÀgÀtUÀ¼ÀÄFurniture & Fixtures 345.94 10.22 17.53 104.95 443.58¦ÃoÉÆÃ¥ÀPÀgÀtUÀ¼ÀÄ ªÀÄvÀÄÛeÉÆÃqÀuÉUÀ¼ÀÄVehicles 481.40 24.82 0.82 107.24 612.65ªÁºÀ£ÀUÀ¼ÀÄElectrical Installations 2,001.05 69.83 4.96 861.04 2,926.97«zÀÄåvï ¸ÁܪÀgÀUÀ¼ÀÄShaft & Inclines 234.04 0.05 234.00µÁ¥sïÖ ªÀÄvÀÄÛ E¼ÀPÀ®ÄUÀ¼ÀÄSurface Track Lines 1.20 1.20 -sÀƪÉÄà ÉäöÊ ºÀ½ ªÀiÁUÀðUÀ¼ÀÄ

Krishna River Water Supply 16.21 16.21PÀȵÁÚ £À¢ ¤ÃgÀÄ ÀgÀ§gÁdÄRoads & Drains 993.06 204.53 1,197.59gÀ ÉÛUÀ¼ÀÄ ªÀÄvÀÄÛ M¼ÀZÀgÀArUÀ¼ÀÄInternal Water Distributions 65.01 0.40 7.84 72.45DAvÀjPÀ ¤ÃgÀÄ ÀgÀ§gÁdÄ11.4 MW Wind Farm (CGU) 6,303.92 2,567.14 8,871.0511.4 ªÉÄ.ªÁåmï «zÀÄåvï ¥sÁgÀA(¹fAiÀÄÄ)

Total MlÄÖ 37,421.05 1,997.58 662.57 73,321.70 1,12,077.76Previous Year »A¢£À ªÀµÀð 34,550.15 2,896.72 25.82 37,421.05

(Rs. In lakhs -gÀÆ. ®PÀëUÀ¼À°è)

THE HUTTI GOLD MINES COMPANY LIMITED

157

Accumulated DepreciationÀAavÀ ÀªÀPÀ½

Free Hold Land¤gÀÄ¥Á¢üPÀ sÀÆ«Ä -

Buildings 1,511.37 116.19 32.76 164.83 1,759.63PÀlÖqÀUÀ¼ÀÄPlant & Equipment 12,593.19 2,022.35 591.06 2,055.78 16,080.26¸ÁܪÀgÀ ªÀÄvÀÄÛ G¥ÀPÀgÀtUÀ¼ÀÄFurniture & Fixtures 229.18 21.23 17.27 36.28 269.43¦ÃoÉÆÃ¥ÀPÀgÀtUÀ¼ÀÄ ªÀÄvÀÄÛeÉÆÃqÀuÉUÀ¼ÀÄVehicles # 313.47 41.82 2.63 36.73 389.39ªÁºÀ£ÀUÀ¼ÀÄElectrical Installations 904.29 208.28 4.96 203.70 1,311.31«zÀÄåvï ¸ÁܪÀgÀUÀ¼ÀÄShaft & Inclines 234.04 0.05 234.00µÁ¥sïÖ ªÀÄvÀÄÛ E¼ÀPÀ®ÄUÀ¼ÀÄSurface Track Lines 1.20 1.20 -sÀƪÉÄà ÉäöÊ ºÀ½ ªÀiÁUÀðUÀ¼ÀÄ

Krishna River Water Supply 16.21 16.21PÀȵÁÚ £À¢ ¤ÃgÀÄ ÀgÀ§gÁdÄRoads & Drains 401.16 67.24 59.03 527.44gÀ ÉÛUÀ¼ÀÄ ªÀÄvÀÄÛ M¼ÀZÀgÀArUÀ¼ÀÄInternal Water Distributions 17.58 3.56 0.40 0.59 21.34DAvÀjPÀ ¤ÃgÀÄ ÀgÀ§gÁdÄ11.4 MW Wind Farm (CGU) 2,601.52 282.77 190.71 3,075.0011.4 ªÉÄ.ªÁåmï «zÀÄåvï ¥sÁgÀA(¹fAiÀÄÄ)

Total 18,823.22 2,763.44 650.33 2,747.66 23,683.99MlÄÖ

Previous Year 16,149.60 2,699.18 25.55 18,823.22

PÀ¼ÉzÀ ªÀµÀð

(Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

158

Net Block (¤ªÀé¼À D¹Û)

Free Hold Land 780.26 63,475.43

¤gÀÄ¥Á¢üPÀ sÀÆ«Ä

Buildings 3,284.85 5,541.34

PÀlÖqÀUÀ¼ÀÄ

Plant & Equipment 8,809.54 10,846.61

¸ÁܪÀgÀ ªÀÄvÀÄÛ G¥ÀPÀgÀtUÀ¼ÀÄ

Furniture & Fixtures 116.76 174.15

¦ÃoÉÆÃ¥ÀPÀgÀtUÀ¼ÀÄ ªÀÄvÀÄÛeÉÆÃqÀuÉUÀ¼ÀÄ

Vehicles 167.93 223.26

ªÁºÀ£ÀUÀ¼ÀÄ

Electrical Installations 1,096.76 1,615.66

«zÀÄåvï ¸ÁܪÀgÀUÀ¼ÀÄ

Shaft & Inclines 0.00 0.00

µÁ¥sïÖ ªÀÄvÀÄÛ E¼ÀPÀ®ÄUÀ¼ÀÄ

Surface Track Lines - -

sÀƪÉÄà ÉäöÊ ºÀ½ ªÀiÁUÀðUÀ¼ÀÄ

Krishna River Water Supply 0.00 0.00

PÀȵÁÚ £À¢ ¤ÃgÀÄ ÀgÀ§gÁdÄ

Roads & Drains 591.90 670.15

gÀ ÉÛUÀ¼ÀÄ ªÀÄvÀÄÛ M¼ÀZÀgÀArUÀ¼ÀÄ

Internal Water Distributions 47.43 51.12

DAvÀjPÀ ¤ÃgÀÄ ÀgÀ§gÁdÄ

11.4 MW Wind Farm (CGU) 3,702.40 5,796.06

11.4 ªÉÄ.ªÁåmï «zÀÄåvï ¥sÁgÀA(¹fAiÀÄÄ)

Total MlÄÖ 18,597.83 88,393.77

Previous Year PÀ¼ÉzÀ ªÀµÀð 18,427.54 18,597.83

# Note: Includes ` 1.97 lakhs withdrawn and adjusted towards retained earnings due to extra depreciation claimed in

earlier years.

# n¥Ààt : »A¢£À ªÀµÀðUÀ¼À°è PÉèêÀÄÄ ªÀiÁqÀ ÁzÀ ºÉaÑ£À ÀªÀPÀ½AiÀiÁzÀ 1.97 ®PÀë gÀÆ.UÀ¼À£ÀÄß »AvÉUÉzÀÄPÉÆAqÀÄ G½¹PÉƼÀî ÁzÀDzÁAiÀÄzÀ°è ªÀiÁrzÀ ºÉÆAzÁtÂPÉAiÀÄ£ÀÆß M¼ÀUÉÆArzÉ.

(Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)

THE HUTTI GOLD MINES COMPANY LIMITED

159

Note 3 : Capital Work-In-Progress (Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)n¥Ààt ÀASÉå 3 : ªÀÄÄAzÀĪÀjAiÀÄÄwÛgÀĪÀ §AqÀªÁ¼À PÁªÀÄUÁj

Particulars 31st Mar 2017 31st Mar 2016«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016

Buildings 595.12 619.22

PÀlÖqÀUÀ¼ÀÄPlant & Machinery 199.52 826.73

¸ÁܪÀgÀ ªÀÄvÀÄÛ AiÀÄAvÉÆæÃ¥ÀPÀgÀtUÀ¼ÀÄShaft & Inclines 19,012.35 16,566.55

µÁ¥sïÖ ªÀÄvÀÄÛ E¼ÀPÀ®ÄUÀ¼ÀÄRoads & Drains 8.81 -

gÀ ÉÛUÀ¼ÀÄ ªÀÄvÀÄÛ M¼ÀZÀgÀArUÀ¼ÀÄCapital Machinery & Equipment in Stock 1.04 11.26

zÁ¸ÁÛ¤£À°ègÀĪÀ §AqÀªÁ¼À ¸ÁܪÀgÀ ªÀÄvÀÄÛ G¥ÀPÀgÀtUÀ¼ÀÄSolar Plant (14MW) - WIP 6.63 4.95

¸ËgÀ±ÀQÛ ¸ÁܪÀgÀ (14 ªÉÄ.ªÁåmï)

Total MlÄÖ 19,823.48 18,028.71

Note 4 : Other Intangible Assetsn¥Ààt ÀASÉå 4 : EvÀgÉà CªÀÄÆvÀð D¹ÛUÀ¼ÀÄ

PARTICULARS 1st April, 2016 Additions Disposal Effects of Revaluation 31st Mar 2017Foreign Currency of Assets

Exchange Difference«ªÀgÀUÀ¼ÀÄ 1£Éà K¦æ ï ÉÃ¥ÀðqÉ ªÀiÁgÁl «zÉò «¤ªÀÄAiÀÄ D¹ÛUÀ¼À 31£Éà ªÀiÁZïð

2016gÀ°èzÀÝAvÉ UÀ¼ÀÄ UÀ¼ÀÄ ªÀåvÁå ÀzÀ ¥ÀÄ£ÀªÀiËð°åà 2017gÀ°èzÀÝAvÉ¥ÀjuÁªÀÄUÀ¼ÀÄ PÀgÀt

Gross BlockMlÄÖ D¹ÛComputer Software 175.48 0.28 6.28 181.48PÀA¥ÀÆålgï ¸Á¥sïÖªÉÃgï

Total MlÄÖ 175.48 - 0.28 - 6.28 181.48

Previous Year 89.57 85.91 - - - 175.48»A¢£À ªÀµÀðAccumulated DepreciationÀAavÀ ÀªÀPÀ½

Computer Software 75.69 41.99 0.28 5.11 122.50PÀA¥ÀÆålgï ¸Á¥sïÖªÉÃgï

Total MlÄÖ 75.69 41.99 0.28 - 5.11 122.50

Previous Year 41.25 34.43 - - - 75.69»A¢£À ªÀµÀð

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

160

Net Block»A¢£À ªÀµÀðComputer Software 99.79 (41.99) 1.18 58.98PÀA¥ÀÆålgï ¸Á¥sïÖªÉÃgï

TotalMlÄÖ 99.79 (41.99) - - 1.18 58.98

Previous Year 48.31 51.48 - - - 99.79

»A¢£À ªÀµÀð

Note 5 : Intangible assets under developmentn¥Ààt ÀASÉå 5: C©üªÀÈ¢ÞAiÀÄ°ègÀĪÀ CªÀÄÆvÀð D¹ÛUÀ¼ÀÄ

Particulars 31st Mar 2017 31st Mar 2016«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016

Intangible assets under development 168.44 168.44

C©üªÀÈ¢ÞAiÀÄ°ègÀĪÀ CªÀÄÆvÀð D¹ÛUÀ¼ÀÄ

TotalMlÄÖ 168.44 168.44

FINANCIAL ASSETSDyðPÀ D¹ÛUÀ¼ÀÄ

Note 6 : Investmentn¥Ààt ÀASÉå 6 : ºÀÆrPÉUÀ¼ÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016

zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Investment in Equity InstrumentsFQén µÉÃgÀÄUÀ¼À°è ºÀÆrPÉUn-Quoted Investments:£ÀªÀÄÆ¢ À ÁV®èzÀ ºÀÆrPÉUÀ¼ÀÄHutti Gold Mines Employees Consumers'Co-operative Society Ltd. (250 shares of `.1000/- each) 2.50 2.50¢ ºÀnÖ a£ÀßzÀ UÀt £ËPÀgÀgÀ §¼ÀPÉzÁgÀgÀ ÀºÀPÁgÀ ÀAWÀ¤AiÀÄ«ÄvÀzÀ (1000 gÀÆ. ªÀÄÄR É ÉAiÀÄ 250 µÉÃgÀÄUÀ¼ÀÄ)

TotalMlÄÖ 2.50 2.50

(Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)

THE HUTTI GOLD MINES COMPANY LIMITED

161

Note 7 : Other Financial Assets (Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)n¥Ààt ÀASÉå 7 : EvÀgÉà DyðPÀ D¹ÛUÀ¼ÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016

zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Deposits with bank maturity more than 1 year 24,000.00 9,000.00MAzÀÄ ªÀµÀðQÌAvÀ C¢üPÀ CªÀ¢üAiÀÄ°è wÃgÀĪÀ½AiÀiÁUÀĪÀ¨ÁåAPï oÉêÀtÂUÀ¼ÀÄ

TotalMlÄÖ 24,000.00 9,000.00

Note 8 : Other non-current assetsn¥Ààt ÀASÉå 8 : EvÀgÉà ZÁ°Û¬ÄgÀzÀ D¹ÛUÀ¼ÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016

zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Unsecured & Considered good:

sÀzÀævɬÄgÀzÀ, ¤²ÑvÀªÉAzÀÄ ¥ÀjUÀtÂvÀ

Security Deposits 703.30 1469.24

sÀzÀævÁ oÉêÀtÂUÀ¼ÀÄ

Deposit with Central Excise Department 100.00 100.00

PÉÃA¢æÃAiÀÄ C¨ÁÌj E¯ÁSÉAiÀÄ°è£À oÉêÀtÂUÀ¼ÀÄ

VAT / ET Receivable 269.48 256.67

¹éÃPÀj À ÉÃPÁVgÀĪÀ ªÀiÁgÁl vÉjUÉ/¥ÀæªÉñÀ vÉjUÉ

Doubtful: ÀAzÉúÁvÀäPÀ

Intercorporate Deposits 109.50 109.50

CAvÀ¤ðUÀªÀÄ oÉêÀtÂUÀ¼ÀÄ

Less: Provision for doubtful debts (109.50) (109.50)

PÀ¼É¬Äj : ÀAzÉúÁvÀäPÀªÁzÀÄzÀgÀ §UÉV£À K¥ÁðqÀÄ

Prepaid Expenses (Non-current) 7.70 -

ªÀÄÄAzÁV vÉvÀÛ ªÉZÀÑUÀ¼ÀÄ

TotalMlÄÖ 1080.48 1825.91

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

162

CURRENT ASSETS (Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)ZÁ°Û D¹ÛUÀ¼ÀÄ

Note 9 : Inventoriesn¥Ààt ÀASÉå 9 : ÀgÀPÀÄUÀ¼À zÁ¸ÁÛ£ÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016

zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Raw materials - Ore 287.02 284.70

PÀZÁÑ ¥ÀzÁxÀðUÀ¼ÀÄ - C¢gÀÄRaw materials - Incidental Ore 334.03 228.53PÀZÁÑ ¥ÀzÁxÀðUÀ¼ÀÄ - ¥Áæ ÀAVPÀ C¢gÀÄStores & Spares 3,337.66 4,045.27ÀgÀPÀÄUÀ¼ÀÄ ªÀÄvÀÄÛ ©r sÁUÀUÀ¼ÀÄ

Stores & Spares-in-transit * 1,122.66 312.47¸ÁUÀtÂPÉAiÀÄ°ègÀĪÀ ÀgÀPÀÄUÀ¼ÀÄ ªÀÄvÀÄÛ ©r sÁUÀUÀ¼ÀÄWork-in-progress 205.23 177.28¥ÀæUÀwAiÀÄ°ègÀĪÀ zÁ¸ÁÛ£ÀÄFinished goods:¹zÀÞ ªÀ ÀÄÛUÀ¼ÀÄ

Stock of Fine Gold 21,346.78 18,865.60±ÀÄzÀÞ a£ÀßzÀ zÁ¸ÁÛ£ÀÄStock of Silver 42.94 26.21

ɽîAiÀÄ zÁ¸ÁÛ£ÀÄ

Total MlÄÖ 26,676.32 23,940.06

* Note: Includes ` 714.68 lakhs towards Capital Goods in Transit.* n¥Ààt : ¸ÁUÁtÂPÉAiÀÄ°ègÀĪÀ §AqÀªÁ¼À ªÀ ÀÄÛUÀ¼À 714.68 ®PÀë gÀÆ.UÀ¼ÀÆ ÉÃjgÀÄvÀÛzÉ.

FINANCIAL ASSETSDyðPÀ D¹ÛUÀ¼ÀÄ

Note 10 : Trade Receivablesn¥Ààt ÀASÉå 10 : ªÁå¥Áj ¹éÃPÁgÀUÀ¼ÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016

zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Unsecured & Considered good:sÀzÀævɬÄgÀzÀ ªÀÄvÀÄÛ ¤²ÑvÀªÉAzÀÄ ¥ÀjUÀtÂvÀ

OthersEvÀgÉ 37.98 25.00

TotalMlÄÖ 37.98 25.00

THE HUTTI GOLD MINES COMPANY LIMITED

163

Note 11 : Cash and Cash equivalents (Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)n¥Ààt ÀASÉå 11 : £ÀUÀzÀÄ ªÀÄvÀÄÛ £ÀUÀzÀÄ ÀªÀiÁ£ÁAvÀgÀUÀ¼ÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Cash and Cash Equivalents:

£ÀUÀzÀÄ ªÀÄvÀÄÛ £ÀUÀzÀÄ ÀªÀiÁ£ÁAvÀgÀUÀ¼ÀÄCash on hand 2.32 4.04

PÉÊAiÀÄ°ègÀĪÀ £ÀUÀzÀÄBalances with banks:

¨ÁåAPïUÀ¼À°ègÀĪÀ ²®ÄÌIn current & flexi accounts 3,407.57 138.40

ZÁ°Û ªÀÄvÀÄÛ ¥sÉèQì SÁvÉUÀ¼À°ègÀĪÀÅzÀÄIn deposit accounts (Maturing in less than 3 months) 9,158.96 1,021.51

oÉêÀt SÁvÉUÀ¼À°ègÀĪÀÅzÀÄ (3 wAUÀ¼ÀÄUÀ½UÉ PÀrªÉÄCªÀ¢üAiÀÄ°è wÃgÀĪÀ½UÉƼÀÄîªÀªÀÅ)

Total 12,568.85 1,163.95MlÄÖ

Note 12 : Other Bank Balances

n¥Ààt ÀASÉå 12 : EvÀgÉà ¨ÁåAPï ²®ÄÌUÀ¼ÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Balances with banks on deposit accounts

(Maturity more than 3 months less than 1 year) 21,000.00 44,200.00

¨ÁåAPïUÀ¼À°è oÉêÀt SÁvÉUÀ¼À°ègÀĪÀ ²®ÄÌUÀ¼ÀÄ(3 wAUÀ½UÀÆ C¢üPÀ, 1 ªÀµÀðQÌAvÀ PÀrªÉÄ CªÀ¢üAiÀÄ°èwÃgÀĪÀ½UÉƼÀÄîªÀªÀÅ)Unpaid dividend accounts 4.71 4.37

¥ÁªÀw À ÁV®èzÀ ¯Á sÁA±À SÁvÉUÀ¼ÀÄBank deposits offered as security for bank guarantees 121.69 127.45

¨ÁåAPï UÁågÀAnUÀ½UÁV ¤ÃqÀ ÁzÀ ¨ÁåAPï oÉêÀtÂUÀ¼ÀÄ

Total 21,126.40 44,331.82MlÄÖ

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

164

Note 13 : Other Advances (Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)n¥Ààt ÀASÉå 13 : EvÀgÉà ªÀÄÄAUÀqÀUÀ¼ÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Unsecured and considered good:sÀzÀævɬÄgÀzÀ, ¤²ÑvÀªÉAzÀÄ ¥ÀjUÀtÂvÀ

Others:EvÀgÉÃ

Education loan 1.10 1.10«zÁå sÁå ÀzÀ ¸Á®UÀ¼ÀÄAdvance to employees 1,413.52 1,394.32£ËPÀgÀjUÉ ¤ÃqÀ ÁzÀ ªÀÄÄAUÀqÀUÀ¼ÀÄAdvance to vendors 256.03 224.33ÀgÀ§gÁdÄzÁgÀjUÉ ¤ÃqÀ ÁzÀ ªÀÄÄAUÀqÀUÀ¼ÀÄ

Others 130.40 12.56EvÀgÉÃ

Balances with Government authoritiesÀPÁðj ¥Áæ¢üPÁjUÀ¼À°ègÀĪÀ ²®ÄÌUÀ¼ÀÄ

CENVAT Balance 396.42 949.69É£ïªÁåmï ²®ÄÌ

DMF Refund Receivable 196.63 -»AwgÀÄV ¥ÀqÉAiÀÄ ÉÃQgÀĪÀ rJªÀiïJ¥sï ªÀÄgÀÄ¥ÁªÀwUÀ¼ÀÄ

Total 2,394.10 2,582.00MlÄÖ

Note 14: Current Tax Assets (Net)n¥Ààt ÀASÉå 14 : ¥Àæ ÀÄÛvÀ vÉjUÉ D¹ÛUÀ¼ÀÄ(¤ªÀé¼À)

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

a) Current Year (2016-17)¥Àæ ÀÄÛvÀ ªÀµÀð(2016-17)

Advance Income Tax & TDS 1,734.68 921.05ªÀÄÄAUÀqÀ CzÁAiÀÄ vÉjUÉ ªÀÄvÀÄÛ vÉjUÉ PÀrvÀUÀ¼ÀÄLess: Provisions (1,690.01) (510.00)PÀ¼É¬Äj : K¥ÁðqÀÄUÀ¼ÀÄ

b) OthersEvÀgÉÃ

Refunds receivable net - prior years 5,433.93 7,082.78¹éÃPÀj À ÉÃQgÀĪÀ ¤ªÀé¼À ªÀÄgÀÄ¥ÁªÀw-»A¢£À ªÀµÀðUÀ¼ÀzÀÄÝ

Total 5,478.60 7,493.83MlÄÖ

THE HUTTI GOLD MINES COMPANY LIMITED

165

Note 15 : Other Current Assets (Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)n¥Ààt ÀASÉå 15 : EvÀgÉà ZÁ°Û D¹ÛUÀ¼ÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Prepaid expenses 262.39 170.22ªÀÄÄAzÁV vÉvÀÛ ªÉZÀÑUÀ¼ÀÄAccrued Interest 1,804.38 1,676.41PÀÆr§AzÀ §rØ*Less: Provision for Doubtful Interest on Intercorporate Loans (11.15) (11.15)PÀ¼É¬Äj: CAvÀ¤ðUÀªÀÄ ¸Á®UÀ¼À ÀAzÉúÁvÀäPÀ §rØAiÀÄ K¥ÁðqÀÄDebts over six months 2.22 -6 wAUÀ¼ÀÄUÀ½UÀÆ «ÄÃjzÀ ¸Á®UÀ¼ÀÄOther Receivables 44.19 38.55EvÀgÉà ¹éÃPÁgÀUÀ¼ÀÄ

Total MlÄÖ 2,102.03 1,874.03

*Details of Accrued Interest on:* PÀÆr§AzÀ §rØAiÀÄ «ªÀgÀUÀ¼ÀÄ

Bank Deposits 1,669.03 1,303.85¨ÁåAPï oÉêÀtÂUÀ¼ÀÄOthers 124.20 361.41EvÀgÉÃInter Corporate Loans 11.15 11.15CAvÀ¤ðUÀªÀÄ ¸Á®UÀ¼ÀÄ

Total MlÄÖ 1,804.38 1,676.41

Note No.16 : Assets held for salen¥Ààt ÀASÉå 16 : ªÀiÁgÁlPÁÌV ºÉÆA¢gÀĪÀ D¹ÛUÀ¼ÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Assets held for sale * 5.49 -ªÀiÁgÁlPÁÌV ºÉÆA¢gÀĪÀ D¹ÛUÀ¼ÀÄ*

Total MlÄÖ 5.49 -

* Refer note no.6 (a)* n¥Ààt ÀASÉå 6(J) £ÉÆÃr

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

166

EQUITY FQén (Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)

Note 17 : Share Capitaln¥Ààt ÀASÉå 17 : µÉÃgÀÄ §AqÀªÁ¼À

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

a) Authorised¥Áæ¢üÃPÀÈvÀ10,00,000 Equity Shares of `100/- each 1,000.00 1,000.00gÀÆ. 100gÀ ªÀÄÄR É ÉAiÀÄ 10,00,000 FQén µÉÃgÀÄUÀ¼ÀÄ

10,00,000 non Convertible, RedeemabaleCumulative PreferenceShares of ` 100/- each 1,000.00 1,000.00gÀÆ. 100gÀ ªÀÄÄR É ÉAiÀÄ 10,00,000 C¥ÀjªÀvÁðvÀäPÀ,«ªÉÆÃZÀPÀ ÀAavÀ DzÀÀåvÁ µÉÃgÀÄUÀ¼ÀÄ.

2,000.00 2,000.00

b) Issued¤ÃqÀ¯ÁzÀzÀÄÝ307933-2/7 Equity Shares of `100/- each 307.93 307.93gÀÆ. 100gÀ ªÀÄÄR É ÉAiÀÄ 307933-2/7 FQén µÉÃgÀÄUÀ¼ÀÄ

c) Subscribed and paid upM¦àzÀ ªÀÄvÀÄÛ ¥ÁªÀw À ÁzÀzÀÄÝ296203 5/7 Equity shares of `100 each fully paid up(of which 281482 3/7 Equity Shares of Rs.100 eachare allotted as fully paid up for considerationother than cash) 296.20 296.20gÀÆ. 100gÀ ªÀÄÄR É ÉAiÀÄ 296203-5/7 FQén µÉÃgÀÄUÀ¼ÀÄ(EzÀgÀ°è ¥ÀÆtðªÁV ¥ÁªÀwAiÀiÁzÀ ¥Àæw gÀÆ.100gÀÉ ÉAiÀÄ 281482-3/7 FQén µÉÃgÀÄUÀ¼À£ÀÄß £ÀUÀ¢UÀ®èzÉ

¥ÀÆtð ÀAzÁAiÀĪÁzÀAvÀºÀ ¹éÃPÀÈwUÁV ¤ÃqÀ ÁzÀzÀÄÝ.

296.20 296.20

d) Reconciliation of number of shares and As at 31st March, 2017 As at 31st March, 2016Equity Shares outstanding :

¨ÁQ EgÀĪÀ µÉÃgÀÄUÀ¼À ªÀÄvÀÄÛ MlÄÖ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016µÉÃgÀÄUÀ¼À ÀASÉåAiÀÄ ºÉÆAzÁtÂPÉ zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉAt the beginning of the year 296203-5/7 296203-5/7ªÀµÀðzÀ DgÀA sÀzÀ°èAddition/deletion during the year - -ªÀµÀðzÀ°è£À ÉÃ¥ÀðqÉ/PÀ¼ÉvÀ

At the end of the year 296203-5/7 296203-5/7ªÀµÀðzÀ CAvÀåzÀ°è

THE HUTTI GOLD MINES COMPANY LIMITED

167

e) Details of Shareholders holding more than 5% shares in the Equity Share Capital of the company:

±ÉÃPÀqÀ 5QÌAvÀ «ÄV¯ÁVgÀĪÀ µÉÃgÀÄUÀ¼À£ÀÄß ºÉÆA¢gÀĪÀ µÉÃgÀÄzÁgÀgÀ «ªÀgÀUÀ¼ÀÄ

As at 31st March, 2017 As at 31st March, 2016 31£Éà ªÀiÁZïð 2017 gÀ°èzÀÝAvÉ 31£Éà ªÀiÁZïð 2016 gÀ°èzÀÝAvÉ

Class of shares / Name of shareholder Number of % to Equity Number of % to EquityµÉÃgÀÄUÀ¼À ªÀUÀð / µÉÃgÀÄzÁgÀgÀ ºÉ¸ÀgÀÄ shares shares

µÉÃgÀÄUÀ¼À D ªÀUÀðzÀ µÉÃgÀÄUÀ¼À D ªÀUÀðzÀ¸ÀASÉå µÉÃgÀÄUÀ¼À ±ÉÃ. ¸ÀASÉå µÉÃgÀÄUÀ¼À ±ÉÃ.

Equity shares with voting rights

ªÉÇÃnUÉ ºÀQÌgÀĪÀ ¸ÁªÀiÁ£Àå µÉÃgÀÄUÀ¼ÀÄi. Govt. of Karnataka 2,20,186 74.34 2,20,186 74.34

PÀ£ÁðlPÀ ¸ÀPÁðgÀii. KSIIDC 57,500 19.41 57,500 19.41

PÉJ¸ïLLr¹iii. Mysore Minerals Ltd 15,000 5.06 15,000 5.06

ªÉÄʸÀÆgÀÄ «Ä£ÀgÀ¯ïì ¤AiÀÄ«ÄvÀ

Note 18 : Other Equityn¥Ààt ÀASÉå 18 : EvÀgÉà FQén

Attributable to Equity Share Holders Attributable to Equity Share Holders Reserves and Surplus Other Comprehensive income

¸ÁªÀiÁ£Àå µÉÃgÀÄzÁgÀjUÉ ÀA§A¢ü¹zÀÄÝ ¸ÁªÀiÁ£Àå µÉÃgÀÄzÁgÀjUÉ ÀA§A¢ü¹zÀÄÝ«Äà À®ÄUÀ¼ÀÄ ªÀÄvÀÄÛ ºÉZÀѼÀ EvÀgÉà « ÀÛøvÀ DzÁAiÀÄ

Particulars Capital Securities General Retained Revaluation Other Items TotalReserve Premium Reserve Earnings Reserve of Other

Comprehensive(Specify

individually)«ªÀgÀUÀ¼ÀÄ §AqÀªÁ¼À ¸ÉPÀÄåjnÃ¸ï ¸ÁªÀiÁ£Àå G½¹PÉÆAqÀ ¥ÀÄ£ÀªÀiËð°åÃPÀgÀt « ÀÛøvÀ DzÁAiÀÄzÀ MlÄÖ

«ÄøÀ®Ä ¦æëÄAiÀĪÀiï «ÄøÀ®Ä UÀ½PÉ «Äà À®Ä EvÀgÉà DzÁAiÀÄUÀ¼À ¨Á§ÄÛ (¥ÀævÉåÃPÀªÁV)

As at 1 April 2015 1.10 12.79 16,840.04 91,139.99 - - 107,993.921£Éà K¦æ ï 2015gÀ°èzÀÝAvÉProfit for the year - - - 632.76 - - 632.76ªÀµÀðzÀ ¯Á sÀBalance as at 31 March 2016 1.10 12.79 16,840.04 91,772.75 - - 108,626.6831£Éà ªÀiÁZïð 2016gÀA¢£À ²®ÄÌ

(Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

168

Additions during the year onRevaluation of Fixed Assets 73,327.98 73,327.98¹ÜgÁ¹ÛUÀ¼À ¥ÀÄ£ÀªÀiËð°åÃPÀgÀtzÉqÉUɪÀµÀðzÀ°è£À ÉÃ¥ÀðqÉ

Less: Depreciation onRevalued Assets (2,752.76) (2,752.76)PÀ¼É¬Äj : ¥ÀÄ£ÀªÀiËð°åÃPÀÈvÀ D¹ÛUÀ¼ÀªÉÄð£À ÀªÀPÀ½

Restated balance at thebegining of thereporting period 1.10 12.79 16,840.04 91,772.75 - 108,626.68

ªÀgÀ¢AiÀÄ CªÀ¢üAiÀÄ DgÀA sÀzÀ°è£À¥ÀÄ£ÀWÉÆÃð²vÀ ²®ÄÌTotal ComprehensiveIncome for the Year 3,077.09 3,077.09ªÀµÀðzÀ MlÄÖ « ÀÛøvÀ DzÁAiÀÄ

Transfer to General Reserve 415.00 (415.00) 0.00¸ÁªÀiÁ£Àå «Äà À°UÉ ªÀUÁð¬Ä¹zÀÄÝ

Net Adjustment of priorperiod items (Net of tax) 175.84 175.84»A¢£À ªÀµÀðUÀ¼À ¤ªÀé¼ÀºÉÆAzÁtÂPÉ (vÉjUÉAiÀÄ ¤ªÀé¼À)

Dividend (including DDT)for 2015-16 (89.13) (89.13)2015-16£Éà ¸Á°£À ¯Á sÁA±À(¯Á sÁA±À vÉjUÉAiÀÄ£ÉÆß¼ÀUÉÆAqÀÄ)

Income-tax Adjustmentfor prior years (328.65) (328.65)»A¢£À ªÀµÀðUÀ¼À DzÁAiÀÄ vÉjUɺÉÆAzÁtÂPÉ

Prior period depreciationwithdrawn 1.97 1.97»A¢£À ªÀµÀðzÀÀªÀPÀ½AiÀÄ£ÀÄß

»AvÉUÉAiÀįÁzÀzÀÄÝ

Balance as on 31stMarch 2017 1.10 12.79 17,255.04 94,194.89 70,575.22 - 182,039.0331£Éà ªÀiÁZïð 2017gÀA¢£À²®ÄÌ

THE HUTTI GOLD MINES COMPANY LIMITED

169

NON-CURRENT LIABILITIESZÁ°ÛAiÀÄ°ègÀzÀ zÁ¬ÄvÀéUÀ¼ÀÄ

Note 19 : Provisionsn¥Ààt ÀASÉå 19 : K¥ÁðqÀÄUÀ¼ÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Provision for Employee Benefits:£ËPÀgÀgÀ ¸Ë® sÀåPÁÌV K¥ÁðqÀÄProvision for Gratuity - Refer Note No.32 (15) 3,265.43 3,212.92UÁæZÀÄå¬ÄnUÉ K¥ÁðqÀÄ (n¥Ààt ÀA.32(15)£ÀÄß £ÉÆÃr)Provision for Leave Encashment - Refer Note No.32 (15) 191.93 454.20gÀeÁ £ÀUÀ¢ÃPÀgÀtPÁÌV K¥ÁðqÀÄ (n¥Ààt ÀA.32(15)£ÀÄß £ÉÆÃr)Provision for Special Superannuation Benefit - ReferNote No.32 (15) 1,946.19 1,786.10«±ÉõÀ ¤ªÀÈwÛ AiÉÆÃd£ÉUÁV K¥ÁðqÀÄ(n¥Ààt ÀA.32(15)£ÀÄß £ÉÆÃr)Provision for 25 years long service award 77.22 98.76

25 ªÀµÀðUÀ¼À ¢ÃWÀð ÉêÉAiÀÄ §ºÀĪÀiÁ£ÀPÁÌV K¥ÁðqÀÄ

Total MlÄÖ 5,480.77 5,551.98

Note 20 : Deferred Tax Liabilities/(Current Tax Assets) (Net) (Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)n¥Ààt ÀASÉå 20 : ªÀÄÄAzÀÆqÀ ÁzÀ vÉjUÉ sÁzÀåvÉUÀ¼ÀÄ/(¥Àæ ÀÄÛvÀ vÉjUÉ D¹ÛUÀ¼ÀÄ)(¤ªÀé¼À)

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Deferred Tax LiabilityªÀÄÄAzÀÆqÀ ÁzÀ vÉjUÉ zÁ¬ÄvÀéDepreciation 2,308.69 2,693.86ÀªÀPÀ½

Gross Deferred Tax Liability 2,308.69 2,693.86MlÄÖ ªÀÄÄAzÀÆqÀ ÁzÀ vÉjUÉ zÁ¬ÄvÀéCurrent Tax Asset¥Àæ ÀÄÛvÀ vÉjUÉ D¹ÛProvision of Gratuity & Other Employee Benefits 1,410.81 1,144.04£ËPÀgÀgÀ UÁæZÀÄå¬Än ªÀÄvÀÄÛ EvÀgÉ ¸Ë® sÀåUÀ½UÁV K¥ÁðqÀÄOther Timing Differences 3.68 88.58EvÀgÉà ¸ÁªÀĬÄPÀ ªÀåvÁå ÀUÀ¼ÀÄGross Current Tax Asset 1,414.49 1,232.62

MlÄÖ ZÁ°Û vÉjUÉ D¹ÛUÀ¼ÀÄ

Total MlÄÖ 894.20 1,461.24

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

170

CURRENT LIABILITIESZÁ°Û zÁ¬ÄvÀéUÀ¼ÀÄ

Note 21 : Trade Payables

n¥Ààt ÀASÉå 21 : ªÁå¥Áj ÀAzÁAiÀÄUÀ¼ÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

For Goods and Services * 1,064.45 2,185.36

ÀgÀPÀÄUÀ¼ÀÄ ªÀÄvÀÄÛ ÉêÉUÁV*Others 5,244.60 6,907.28

EvÀgÉÃ

Total 6,309.05 9,092.64

MlÄÖ

* Refer note no. 16

* n¥Ààt ÀASÉå 16£ÀÄß £ÉÆÃrj

Note 22 : Other Financial Liabilities (Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)n¥Ààt ÀASÉå 22 : EvÀgÉà DyðPÀ zÁ¬ÄvÀéUÀ¼ÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Unpaid Dividend 9.40 9.06

¥ÁªÀw À ÁV®èzÀ ¯Á sÁA±ÀStatutory Dues payable 763.17 957.70

¥ÁªÀw À ÉÃPÁzÀ PÁ£ÀÆ£ÁvÀäPÀ ¨ÁQUÀ¼ÀÄTrade/ Security Deposits received 1,373.93 1,207.57

¹éÃPÀj À ÁzÀ ªÁå¥Áj/ sÀzÀævÁ oÉêÀtÂUÀ¼ÀÄCapital Creditors 4,125.73 -

§AqÀªÁ¼À ¸Á®UÁgÀgÀÄ

Total 6,272.23 2,174.33

MlÄÖ

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171

Note 23 : Provisionsn¥Ààt ÀASÉå 23 : K¥ÁðqÀÄUÀ¼ÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Employee Benefits Payable* 2,397.97 1,845.07

¥ÁªÀw À ÉÃPÁzÀ £ËPÀgÀgÀ ¸Ë® sÀåUÀ¼ÀÄ*Provision for Leave Encashment - Refer Note No.32 (15) 121.59 -

gÀeÁ ¤UÀ¢ÃPÀgÀtPÁÌV K¥ÁðqÀÄ - n¥Ààt ÀASÉå32(15)£ÀÄß £ÉÆÃrjProvision for Special Super annutation - Refer Note

No.32 (15) 97.91 73.52

«±ÉõÀ ¤ªÀÈwÛ AiÉÆÃd£ÉUÁV K¥ÁðqÀÄ - n¥Ààt ÀASÉå32(15)£ÀÄß £ÉÆÃrjProvision for Obsolete Assets 8.46 12.20

C¥ÀæZÀ°vÀ D¹ÛUÀ½UÁV K¥ÁðqÀÄ

Total MlÄÖ 2,625.93 1,930.79

*Detailed break up of Employee Benefits Payable: (Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)* ¥ÁªÀw À ÉÃPÁzÀ £ËPÀgÀgÀ ¸Ë® sÀåUÀ¼À «ªÀgÀUÀ¼ÀÄ

Provision for Bonus 268.42 245.65ÉÆãÀ ïUÁV K¥ÁðqÀÄ

Production Linked Incentive 394.77 250.58GvÁàzÀ£Á ÀA§A¢üvÀ ¥ÉÆæÃvÁìºÀ zsÀ£ÀExgratia 2008-09 151.22 151.222008-09gÀ C£ÀÄUÀæºÀ zsÀ£ÀExgratia 2009-10 191.53 191.532009-10gÀ C£ÀÄUÀæºÀ zsÀ£ÀExgratia 2010-11 246.15 246.152010-11gÀ C£ÀÄUÀæºÀ zsÀ£ÀExgratia Payble 2012-13 303.73 303.732012-13gÀ ¸Á°UÉ ¤ÃqÀ ÉÃPÁzÀ C£ÀÄUÀæºÀ zsÀ£ÀExgratia Payable 2015-16 427.83 427.822015-16gÀ ¸Á°UÉ ¤ÃqÀ ÉÃPÁzÀ C£ÀÄUÀæºÀ zsÀ£ÀExgratia Payable 2016-17 372.65 -2016-17gÀ ¸Á°UÉ ¤ÃqÀ ÉÃPÁzÀ C£ÀÄUÀæºÀ zsÀ£ÀProvisions for Exgratia (LS Employees) 41.68 28.39

ÉêÁ ¤µÁ̹vÀ £ËPÀgÀjUÉ C£ÀÄUÀæºÀ zsÀ£ÀzÀ K¥ÁðqÀÄ

Total MlÄÖ 2,397.97 1,845.07

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

172

Note 24 : Revenue from Operationsn¥Ààt ÀASÉå 24 : ¤ªÀðºÀuɬÄAzÀ GAmÁzÀ DzÁAiÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Sale of Products ( Gross )GvÀà£ÀßUÀ¼À ªÀiÁgÁl(MlÄÖ)Sale of Gold 41,529.14 37,257.83a£ÀßzÀ ªÀiÁgÁlSale of silver 58.98 48.19ɽîAiÀÄ ªÀiÁgÁl

Sale of Power 942.74 728.76«zÀÄåZÀÒQÛAiÀÄ ªÀiÁgÁlSale of Scrap 71.89 99.27ZÀÆgÀÄ¥ÁgÀÄUÀ¼À ªÀiÁgÁl

Total MlÄÖ 42,602.75 38,134.05

Excise Duty 3,561.27 3,093.11C¨ÁÌj ÀÄAPÀ

Note 25 : Other Income (Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)n¥Ààt ÀASÉå 25 : EvÀgÉà DzÁAiÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Dividend on Mutual Fund Investments - 2.86

ªÀÄÆåZÀÄAiÀÄ¯ï ¥sÀAqï ºÀÆrPÉUÀ¼À ªÉÄð£À ¯Á sÁA±ÀGains on Sale of Mutual Fund - 255.37

ªÀÄÆåZÀÄAiÀÄ¯ï ¥sÀAqï ªÀiÁgÁlzÀ ªÉÄð£À ¯Á sÀProfit on Sale of Assets - 1.83

D¹ÛUÀ¼À ªÀiÁgÁl¢AzÁzÀ ¯Á sÀInterest received from:

¹éÃPÀÈvÀªÁzÀ §rØ :Advance to Employees 0.15 0.30

£ËPÀgÀjUÉ ¤ÃqÀ ÁzÀ ªÀÄÄAUÀqÀOthers 12.72 310.32

EvÀgÉÃDeposits with Banks 4,611.35 4,660.27

¨ÁåAPïUÀ¼À°è£À oÉêÀtÂUÀ¼ÀÄ

THE HUTTI GOLD MINES COMPANY LIMITED

173

Deposits with KPTCL 43.08 51.24

Pɦn¹J¯ïUÀ¼À°è£À oÉêÀtÂUÀ¼ÀÄIncome Tax Refund 83.47 305.71

DzÁAiÀÄ vÉjUÉ ªÀÄgÀÄ¥ÁªÀwPenalty based Income 59.88 93.36

zÀAqÀ DzsÁjvÀ DzÁAiÀÄIncome on letting out quarters 82.21 21.03

PÁélð¸ïUÀ¼À£ÀÄß ¤ÃrzÀÄzÀjAzÀ §AzÀ DzÁAiÀÄReversal of provisions 34.24 36.91

K¥ÁðqÀÄUÀ¼À ¤ªÀvÀð£ÉDiscounts received 36.43 36.14

¥ÀqÉAiÀįÁzÀ ÉÆÃrUÀ¼ÀÄMiscellaneous Income 298.34 33.66

ÀAQÃtð DzÁAiÀÄCanteen & Guest House Recoveries 17.84 28.69

PÁåAnÃ£ï ªÀÄvÀÄÛ CwyUÀȺÀ ªÀ ÀÆ°UÀ¼ÀÄ

Total 5,279.71 5,837.69

MlÄÖ

Note 26 : Changes in Inventory of Finished Goods, Work-in-progress & Ore at Mines (Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)n¥Ààt ÀASÉå 26 : ¹zÀÞªÀ ÀÄÛUÀ¼À, ÀA ÀÌgÀuÉAiÀÄ°ègÀĪÀ ªÀ ÀÄÛUÀ¼À ªÀÄvÀÄÛ UÀtÂAiÀÄ°ègÀĪÀ CzÀÄj£À zÁ¸ÁÛ¤£À°è£À §zÀ ÁªÀuÉUÀ¼ÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Opening StockDgÀA sÀ ²®ÄÌGold 18,865.60 19,478.57a£ÀßSilver 26.21 34.89ɽî

Work-in-progress 177.28 117.85ÀA ÀÌgÀuÉAiÀÄ°ègÀĪÀ ªÀ ÀÄÛUÀ¼ÀÄ

Stock of ore at Mines 284.70 240.04UÀtÂAiÀÄ°ègÀĪÀ CzÀÄj£À zÁ¸ÁÛ£ÀÄLess: Closing StockPÀ¼É¬Äj : CAvÀåzÀ ²®ÄÌGold (21,346.78) (18,865.60)a£ÀßSilver (42.94) (26.21)ɽî

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

174

Work-in-progress (205.23) (177.28)ÀA ÀÌgÀuÉAiÀÄ°ègÀĪÀ ªÀ ÀÄÛUÀ¼ÀÄ

Stock of ore at Mines (287.02) (284.70)UÀtÂAiÀÄ°ègÀĪÀ CzÀÄj£À zÁ¸ÁÛ£ÀÄ

Net (Increase)/Decrease in stock (2,528.19) 517.56zÁ¸ÁÛ¤£À ÁèzÀ ¤ªÀé¼À(KjPÉ/E½PÉ)

Note 27 : Employee Benefit Expensesn¥Ààt ÀASÉå 27 : £ËPÀgÀgÀ ÀªÀ®vÀÄÛ ªÉZÀÑUÀ¼ÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Salaries, Wages and Bonus 18,431.86 15,171.36ªÉÃvÀ£À, ªÀÄdÆj ªÀÄvÀÄÛ ÉÆãÀ ÀÄìContribution to Provident Fund, Gratuity Fundand Other Employee Benefits* 3,093.58 2,791.64sÀ«µÀ夢ü, UÁæZÀÄå¬Än ¤¢üUÉ ªÀAwUÉ ªÀÄvÀÄÛ EvÀgÉà £ËPÀgÀ ÀªÀ®vÀÄÛUÀ¼ÀÄ

Staff Welfare Expenses 1,618.41 1,864.14£ËPÀgÀgÀ PÀ Áåt ªÉZÀÑUÀ¼ÀÄ

Total MlÄÖ 23,143.85 19,827.14

(Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)

*The Various Funds in which the contributions for Employee benefits were made by the company are as below:* £ËPÀgÀgÀ ¸Ë® sÀåPÁÌVgÀĪÀ ««zsÀ ¥sÀAqÀÄUÀ½UÉ PÀA¥À¤AiÀÄÄ ¤ÃrgÀĪÀ ªÀAwUÉUÀ¼ÀÄ :

Contribution to Provident Fund 972.47 687.20sÀ«µÀå ¤¢üUÉ ªÀAwUÉ

Contribution to Employee Pension Scheme 584.48 571.07£ËPÀgÀgÀ ¤ªÀÈwÛ ªÉÃvÀ£À AiÉÆÃd£ÉUÉ ªÀAwUÉContribution to Employees Deposit LinkedInsurance Scheme/General Insurance Scheme 163.65 122.71£ËPÀgÀgÀ C£ÀħAzsÀ «ªÀiÁ AiÉÆÃd£É¸ÁªÀÄÆ»PÀ «ªÀiÁ AiÉÆÃd£ÉUÉ ªÀAwUÉContribution to GSLIS 6.53 6.27fJ¸ïJ¯ïLJ¸ïUÉ ªÀAwUÉProvident Fund Inspection charges 22.48 20.13sÀ«µÀå ¤¢üAiÀÄ ¥Àj±ÉÆÃzsÀ£Á ªÉZÀÑUÀ¼ÀÄ

Employees Deposit Linked Insurance Scheme Inspection charges 0.54 0.37£ËPÀgÀgÀ C£ÀħAzsÀ «ªÀiÁ AiÉÆÃd£ÉUÀ¼À ¥Àj±ÉÆÃzsÀ£Á ªÉZÀÑUÀ¼ÀÄEmployees' Service Gratuity 936.86 962.71£ËPÀgÀgÀ ÉêÁ UÁæZÀÄå¬Än

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175

Employees' special superannuation scheme 271.89 256.38£ËPÀgÀgÀ «±ÉõÀ ¤ªÀÈwÛ AiÉÆÃd£ÉWorkmen's Compensation 2.89 11.82£ËPÀgÀgÀ ¥ÀjºÁgÀ25 Years continuous long service award 3.84 2.6425 ªÀµÀðUÀ¼À ¢ÃWÀð ÉêÉAiÀÄ §ºÀĪÀiÁ£ÀContribution to Superannuation Fund 127.96 150.35¤ªÀÈwÛ ¤¢üUÉ ªÀAwUÉ

Total MlÄÖ 3093.58 2791.64

Note 28 : Depreciation and Amortisation Expensesn¥Ààt ÀASÉå 28 : ÀªÀPÀ½ ªÀÄvÀÄÛ wÃgÀĪÀ½ ªÉZÀÑUÀ¼ÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Depreciation and amortisation expenses 2,805.36 2,733.61ÀªÀPÀ½ ªÀÄvÀÄÛ wÃgÀĪÀ½ ªÉZÀÑUÀ¼ÀÄ

Total MlÄÖ 2,805.36 2,733.61

* Refer note no.2 & 4*n¥Ààt ÀASÉå 2 ªÀÄvÀÄÛ 4£ÀÄß £ÉÆÃrj

Note 29 : Other Expenses (Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)n¥Ààt ÀASÉå 29 : EvÀgÉ ªÉZÀÑUÀ¼ÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

A. Other Mining and Operating ExpensesUÀtÂUÁjPÉ ªÀÄvÀÄÛ EvÀgÉà ¤ªÀðºÀuÁ ªÉZÀÑUÀ¼ÀÄTransport and conveyance 241.54 227.35¸ÁjUÉ ªÀÄvÀÄÛ ªÁºÀ£À ªÀåªÀ ÉÜMain reef mining expenses - 357.86ªÀÄÄRå jÃ¥sï£À UÀtÂUÁjPÉAiÀÄ ªÉZÀÑUÀ¼ÀÄDiamond drilling expenses 184.36 146.36qÉʪÀÄAqï ræ°èAUï ªÉZÀÑUÀ¼ÀÄRoyalty 2,513.97 1,888.78gÁdzsÀ£ÀPower and Fuel 4,650.46 4,424.11

«zÀÄåZÀÒQÛ ªÀÄvÀÄÛ EAzsÀ£À

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

176

Repairs and Maintenance:

j¥ÉÃj ªÀÄvÀÄÛ ¤ªÀðºÀuÉPlant , Property & Equipment 699.34 1,368.10

¸ÁܪÀgÀ, D¹ÛUÀ¼ÀÄ ªÀÄvÀÄÛ G¥ÀPÀgÀtUÀ¼ÀÄGrey/South Hutti mines expenses 1,920.12 941.74

UÉæÃ/zÀQët ºÀnÖAiÀÄ UÀt ªÉZÀÑUÀ¼ÀÄWind Mill Operating & Maintenance Expenses 155.78 131.48

«Aqï«Ä¯ïUÀ¼À ¤ªÀðºÀuÁ ªÉZÀÑUÀ¼ÀÄOther 163.81 203.64

EvÀgÉÃTransformer replacement exp-KEB 365.72 -

¥ÀjªÀvÀðPÀ §zÀ° ªÉZÀÑUÀ¼ÀÄ-PÉE©

10,895.10 9,689.42

B. Administrative expenses

DqÀ½vÀ ªÉZÀÑUÀ¼ÀÄRates and Taxes 27.09 20.35

PÀAzÁAiÀÄ ªÀÄvÀÄÛ vÉjUÉInsurance 55.81 63.25

«ªÉÄTravelling and Conveyance 96.23 107.29

¥ÀæAiÀiÁt ªÀÄvÀÄÛ ªÁºÀ£À ªÀåªÀ ÉÜPrinting and Stationery 39.04 41.04

ªÀÄÄzÀæt ªÀÄvÀÄÛ ÉÃR£À ¸ÁªÀÄVæUÀ¼ÀÄCommunication Expenses 17.23 19.29

ÀAªÀºÀ£À ªÉZÀÑUÀ¼ÀÄDead rent 69.96 69.96

¸ÁÜ¬Ä ¨ÁrUÉAdvertisement and tender notification 91.16 162.82

eÁ»ÃgÁvÀÄ ªÀÄvÀÄÛ mÉAqÀgï C¢ü ÀÆZÀ£ÉUÀ¼ÀÄAuditor’s Remuneration

ÉPÀÌ¥Àj±ÉÆÃzsÀPÀgÀ ªÉZÀÑUÀ¼ÀÄStatutory Audit 1.48 1.25

±Á À£À§zÀÞ ÉPÀÌ ¥Àj±ÉÆÃzsÀ£É

(Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)

THE HUTTI GOLD MINES COMPANY LIMITED

177

Tax Audit 0.75 0.55

vÉjUÉ ÉPÀÌ ¥Àj±ÉÆÃzsÀ£ÉOther Audit 0.35 0.17

EvÀgÉà ÉPÀÌ ¥Àj±ÉÆÃzsÀ£ÉCost Audit 1.06 1.12

ªÉZÀÑ ÉPÀÌ ¥Àj±ÉÆÃzsÀ£ÉSecretarial Audit 0.77 0.44

ÉPÉæmÉÃjAiÀÄ¯ï ¥Àj±ÉÆÃzsÀ£ÉExpenses 0.48 0.47

ªÉZÀÑUÀ¼ÀÄProfessional Fees and Expenses 4.11 2.36

ªÀÈwÛ¥ÀgÀ ±ÀÄ®ÌUÀ¼ÀÄ ªÀÄvÀÄÛ ªÉZÀÑUÀ¼ÀÄLegal Fees 47.63 16.32

PÁ£ÀÆ£ÀÄ ±ÀÄ®ÌUÀ¼ÀÄDirector Sitting Fees 0.56 0.57

¤zÉÃð±ÀPÀgÀ ºÁdj ±ÀÄ®ÌUÀ¼ÀÄTravelling Expenses - Directors 1.71 -

¤zÉÃð±ÀPÀgÀ ¥ÀæAiÀiÁt ªÉZÀÑUÀ¼ÀÄAGM Expenses 0.46 1.00

ªÁ¶ðPÀ ªÀĺÁ À sÉAiÀÄ ªÉZÀÑUÀ¼ÀÄBoard Meeting expenses 2.07 2.34

DqÀ½vÀ ªÀÄAqÀ½AiÀÄ À sÉAiÀÄ ªÉZÀÑUÀ¼ÀÄPlant, property and equipment written off 3.50 4.86

vÉÆqÉzÀĺÁPÀ ÁzÀ ¸ÁܪÀgÀ, D¹Û ªÀÄvÀÄÛ G¥ÀPÀgÀtUÀ¼ÀÄProvision for scrapped Plant, property and equipment - 3.73

wgÀ ÀÌøvÀUÉÆAqÀ ¸ÁܪÀgÀ, D¹Û ªÀÄvÀÄÛ G¥ÀPÀgÀtUÀ½UÉ K¥ÁðqÀÄDonations 222.65 516.75

zÉÃtÂUÉUÀ¼ÀÄDeferred Revenue expenditure written off - 6.54

vÉÆqÉzÀÄ ºÁPÀ ÁzÀ ÀAQÃtð ªÉZÀÑUÀ¼ÀÄCorporate Social Responsibility 36.67 323.71

¸ÁA¹ÜPÀ ¸ÁªÀiÁfPÀ dªÁ¨ÁÝjOthers 302.56 666.56

EvÀgÉÃ

1,023.33 2,032.73

(Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

178

C. Selling and Distribution Expenses

ªÀiÁgÁl ªÀÄvÀÄÛ «vÀgÀuÁ ªÉZÀÑUÀ¼ÀÄ

Carriage Outwards 10.51 7.30

ºÉÆgÀV£À ¸ÁUÁtuÉ ªÉZÀÑUÀ¼ÀÄ

Gold transport insurance 33.16 30.14

a£ÀßzÀ ¸ÁUÁuÉ ªÉZÀÑUÀ¼ÀÄ

43.67 37.44

Total 11,962.10 11,759.59

MlÄÖ

Note 30 : Other Comprehensive Income

n¥Ààt ÀASÉå 30 : EvÀgÉà « ÀÛøvÀ DzÁAiÀÄ

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016

zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Remeasurement of net defined benefit liability/asset (59.25) (46.37)

ªÁåSÁå¤ À ÁzÀ ¤ªÀé¼À ¸Ë® sÀåUÀ¼À ¨ÁzsÀåvÉ/D¹Û

Less: Tax thereon (20.51) -

PÀ¼É¬Äj : vÉjUÉ

Total (79.76) (46.37)

MlÄÖ

THE HUTTI GOLD MINES COMPANY LIMITED

179

Note 31 : Earnings per Share (Rs. In lakhs - gÀÆ. ®PÀëUÀ¼À°è)n¥Ààt ÀASÉå 31 : ¥Àæw µÉÃj£À ªÉÄð£À UÀ½PÉ

The calculation of Earnings per share (basic and diluted) are based on the Earnings and number of shares as computed

below.

¥Àæw µÉÃj£À ªÉÄð£À UÀ½PÉAiÀÄ£ÀÄß (ªÀÄÆ® ªÀÄvÀÄÛ «gÀ¼À) UÀ½PÉ ªÀÄvÀÄÛ FQén µÉÃgÀÄUÀ¼À ÀASÉåAiÀÄ DzsÁgÀzÀ ªÉÄÃ É F PɼÀPÀAqÀAvÉÉPÀÌ ºÁPÀ ÁVzÉ.

Particulars As at 31st March, 2017 As at 31st March, 2016

«ªÀgÀUÀ¼ÀÄ 31£Éà ªÀiÁZïð 2017 31£Éà ªÀiÁZïð 2016zÀÀAzÀÄ EzÀÝAvÉ zÀÀAzÀÄ EzÀÝAvÉ

Reconciliation of earnings

UÀ½PÉAiÀÄ ºÉÆAzÁtÂPÉProfit/(Loss) for the period 3,156.85 679.15

CªÀ¢üAiÀÄ ¯Á sÀ/£ÀµÀÖNet profit attributable to equity shareholders 3,156.85 679.15

FQén µÉÃgÀÄzÁgÀjUÉ ÀA§A¢ü¹zÀ ¯Á sÀ

Reconciliation of number of shares Shares Shares

µÉÃgÀÄUÀ¼À ÀASÉåAiÀÄ ºÉÆAzÁtÂPÉ µÉÃgÀÄUÀ¼ÀÄ µÉÃgÀÄUÀ¼ÀÄ

Shares outstanding at the beginning of the year (Lakhs) 2.96 2.96

ªÀµÀðzÀ DgÀA sÀzÀ°èzÀÝ µÉÃgÀÄUÀ¼ÀÄ (®PÀëUÀ¼À°è)Shares outstanding at the end of the year (Lakhs) 2.96 2.96

ªÀµÀðzÀ CAvÀåzÀ°èzÀÝ µÉÃgÀÄUÀ¼ÀÄ (®PÀëUÀ¼À°è)Weighted average number of equity shares (Lakhs) 2.96 2.96

vÀÆPÁzsÁjvÀ FQén µÉÃgÀÄUÀ¼À ÀASÉå (®PÀëUÀ¼À°è)Basic and Diluted Earnings Per Share (in `) 1,065.77 229.28

ªÀÄÆ® ªÀÄvÀÄÛ «gÀ½vÀ UÀ½PÉ ¥Àæw µÉÃjUÉ (gÀÆ.UÀ¼À°è)[Nominal value of shares `.100 /- each]µÉÃgÀÄUÀ¼À ªÀÄÄR É É (¥Àæw µÉÃjUÉ gÀÆ.100)

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

180

OTHER NOTES FORMING PART OF THE ACCOUNTS

ÉPÀÌ ¥ÀvÀæUÀ¼À sÁUÀªÁUÀĪÀ EvÀgÉà n¥ÀàtÂUÀ¼ÀÄ

Sl. Particulars CURRENT YEAR PREVIOUS YEARNo ¥Àæ ÀÄÛvÀ ªÀµÀð »A¢£À ªÀµÀðPÀæ. «ªÀgÀUÀ¼ÀÄ ` in lakhs ` in lakhs¸ÀA gÀÆ. ®PÀëUÀ¼À°è gÀÆ. ®PÀëUÀ¼À°è

1 Estimated amount of Contracts remaining to be executed onCapital account and not provided for (net of advances) 9,485.88 15,219.16§AqÀªÁ¼À ÉPÀÌzÀ°è eÁjUÉƽ À®Ä G½¢gÀĪÀ M¥ÀàAzÀUÀ¼ÀCAzÁf À ÁzÀ ªÉƧ®UÀÄ ªÀÄvÀÄÛ ªÀÄÄ£ÉßÃ¥ÁðqÀÄUÀ¼À£ÀÄß ªÀiÁqÀzÉÃEgÀĪÀ ªÉƧ®UÀÄ. (ªÀÄÄAUÀqÀUÀ¼À ¤ªÀé¼À)

2 Contingent Liability not provided for:ªÀÄÄ£ÉßÃ¥ÁðqÀÄ ªÀiÁr®èzÀ ÀA sÁªÀå ºÉÆuÉUÁjPÉ:

(i) Letter of credit outstanding Nil Nil¨ÁQ G½¢gÀĪÀ dªÀiÁ ¥ÀvÀæUÀ¼ÀÄ

(ii) Bank guarantees 132.19 127.75¨ÁåAPï SÁvÀjUÀ¼ÀÄ

(iii)Claims against Company not acknowledged as debts¸Á®UÀ¼ÉAzÀÄ ¥ÀjUÀt À¢gÀĪÀ PÀA¥À¤AiÀÄ «gÀÄzÀÞzÀºÀPÉÆÌvÁÛAiÀÄUÀ¼ÀÄ

a) Labour & other disputes pending with variousAuthorities/Tribunals/Courts. Not quantifiable Not quantifiable««zsÀ ¥Áæ¢üPÁgÀUÀ¼À°è/ £ÁåAiÀÄ ªÀÄAqÀ½UÀ¼À°è/ ¥ÀjªÀiÁtÂÃPÀj À ÁUÀzÀÄ ¥ÀjªÀiÁtÂÃPÀj À ÁUÀzÀÄ£ÁåAiÀiÁ®AiÀÄUÀ¼À° è ÁQ EgÀĪÀ PÁ«ÄðPÀgÀ ªÀÄvÀÄÛEvÀgÉà ªÁådåUÀ¼ÀÄ

b1 In respect of CGU pending case, the APFC Bellary hadpassed the order, vide KN/PF/SRO/BLR/PD/3864/97dated 17.06.2014 levying the Interest (7Q) and Penaldamages (14B) total amounting to `32.35 lakhs. As perthe Company’s calculation, the liability would be `23.32lakhs, which has been provided in the books. The Companyhas filed an appeal before the Tribunal contesting thedemand 9.03 9.03avÀæzÀÄUÀð vÁªÀÄæzÀ WÀlPÀzÀ°è, ªÁådåªÀÅ ¨ÁQ EgÀĪÀAvÉAiÉÄÃ,§¼ÁîjAiÀÄ ÀºÁAiÀÄPÀ sÀ«µÀ夢 PÀ«ÄµÀ£ÀgïgÀªÀgÀÄ vÁ.17-6-2014gÀDzÉñÀ ÀA. KN/PF/SRO/BLR/PD/864/97gÀÀ°è 3§rØ(7Q)ªÀÄvÀÄÛ £ÀµÀÖ(14B)AiÉÄqÉUÉ MlÄÖ 32.35 ®PÀë gÀÆ.UÀ¼À£ÀÄß «¢ü¹zÁÝgÉ.PÀA¥À¤AiÀÄ ÉPÁÌZÁgÀzÀ°è EzÀÄ 23.32 ®PÀë gÀÆ.UÀ¼ÁVzÀÄÝCzÀPÁÌV ÉPÀÌ ¥ÀÄ ÀÛPÀUÀ¼À°è K¥ÁðqÀ£ÀÄß ªÀiÁqÀ ÁVzÉ.PÀA¥À¤AiÀÄÄ næ§Äå£À ï£À°è ªÉÄîä£À« À°è¹zÉ.

Note 32 :

THE HUTTI GOLD MINES COMPANY LIMITED

181

b2 Excess liabilities assessed by Income-Taxdepartment/Authorities and contested by company.DzÁAiÀÄ vÉjUÉ E¯ÁSÉ/C¢üPÁjUÀ¼ÀÄ ªÀiÁrgÀĪÀ ºÉaÑ£À PÀgÀ ¤zsÁðjvÀsÁzÀåvÉUÀ¼ÀÄ ªÀÄvÀÄÛ CªÀÅUÀ¼À£ÀÄß PÀA¥À¤AiÀÄÄ «gÉÆâü¹gÀĪÀÅzÀÄ

(i) Income Tax for the Assessment year 2014-15 7.21 NilDzÁAiÀÄ vÉjUÉ PÀgÀ ¤zsÀðgÀuÁ ªÀµÀð 2014-15PÉÌ

b3 The Company had submitted its reply to theCommissioner of Central Excise & Customs, Belgaumon 30.8.2012, for the show cause notice issued by theDirector General of Central Excise Intelligence, forlevying of excise duty from 1.1.2007 to 31.12.2011.The Commissioner had passed an order on 26.3.2013,rejecting the grounds of the company. The Companyhad filed an Appeal before Tribunal on 20.6.2013.The Customs, Excise & Service-Tax Appellate Tribunalgranted the stay with the condition to deposit an amount of`.100 lakhs, vide its order number MISC ORDERNos. 20363-20365/2014 dated 12.2.2014. Accordingly theCompany has deposited `.100 lakhs on 11th March2014. Presently the case is pending before the Tribunal.

C¨ÁÌj ÀÄAPÀzÀ ªÀĺÁ ¤zÉÃð±ÀPÀgÀÄ( ÉúÀÄUÁjPÉ) ÉAUÀ¼ÀÆgÀÄgÀªÀgÀÄvÁ. 01-1-2007 jAzÀ 31-12-2011gÀ ªÀgÉUÉ a£ÀßzÀ ªÀiÁgÁlzÀªÉÄÃ É C¨ÁÌj ÀÄAPÀ ºÉÃj CzÀ£ÀÄß ¥ÁªÀw ÀĪÀAvÉ PÁgÀt PÉýzÀ£ÉÆÃn À£ÀÄß ¤ÃqÀ ÁV CzÀPÉÌ GvÀÛgÀªÀ£ÀÄß C¨ÁÌj ÀÄAPÀ ªÀÄvÀÄ۹êÀiÁ ±ÀÄ®ÌzÀ PÀ«ÄõÀ£Àgï, ɼÀUÁAgÀªÀjUÉ GvÀÛgÀ ¤ÃrzÀÄÝ CªÀgÀÄPÀA¥À¤AiÀÄ DzsÁgÀUÀ¼À£ÀÄß wgÀ ÀÌj¹zÀ 26-03-2013 gÀA¢£ÀDzÉñÀªÀ£ÀÄß ºÉÆgÀr¹zÀÄÝ, CzÀPÉÌ PÀA¥À¤AiÀÄÄ næ§Äå£À ï ªÀÄÄAzÉ20-06-2013gÀAzÀÄ ªÉÄîä£À« À°è¹, ¹ÃªÀiÁ ±ÀÄ®Ì, C§PÁj ±ÀÄ®Ì,ÉêÁ ±ÀÄ®ÌUÀ¼À ªÉÄîä£À« lÄæ§Äå£À ï vÁ.12-2-14 gÀA¢£À vÀ£Àß

DzÉñÀ ÀA. MISC ORDER Nos. 20363-20365/2014 gÀ°èF DzÉñÀPÉÌ vÀqÉ ¤ÃrgÀÄvÀÛzÉ ªÀÄvÀÄÛ PÀA¥À¤UÉ 100 ®PÀë gÀÆ.UÀ¼À£ÀÄßoÉêÀt EqÀĪÀAvÉ DzÉò¹zÉ. ºÁUÁV PÀA¥À¤AiÀÄÄvÁ.11-3-14gÀAzÀÄ 100 ®PÀë gÀÆ.UÀ¼À£ÀÄß oÉêÀt Ej¹zÉ.¥Àæ ÀÄÛvÀ F ªÁådåªÀÅ ªÉÄîä£À« næ§Äå£À ïªÀÄÄA¢zÉ.

i) Excise Duty and Cess 14,137.27 14,137.27

C¨ÁÌj ÀÄAPÀ ªÀÄvÀÄÛ G¥ÀPÀgÀii) Penalty 14,137.27 14,137.27

zÀAqÀ

b4 Joint Commissioner of Central Excise & Service Tax,Belgaum confirmed the disallowances of CENVAT creditavailed by the Company on services used for constructionof New Circular shaft and premium paid to LIC towardsthe Gratuity, PL Encashment and EDLIS policies, of the

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

182

company, vide order No.BEL-EXCUS-000-DIV-GLB-JTC-RSR-56-2016-17 C.EX dated 28/12/2016.The Company has filed the appeal before Commissioner ofCentral Excise (Appeals), Mysore vide appeal No.202/17/BM/CE dated 04.04.2017 contesting the order passed bythe Joint Commissioner of Central Excise & Service Tax,Belgaum (Period July 2012 to June 2014)

- Disallowed CENVAT Amount (Excluding interest) 110.91 110.91- Penalty 55.45 Not quantified

PÉÃAzÀæ C¨ÁÌj ÀÄAPÀ ªÀÄvÀÄÛ ÉêÁ vÉjUÉ eÁ¬ÄAmï PÀ«ÄõÀ£Àgï,ɼÀUÁAgÀªÀgÀÄ ÀPÀÆåð®gïµÁ¥sïà£À ¤ªÀiÁðt, UÁædå¬Än,

gÀeÁ¢£ÀUÀ¼À £ÀUÀ¢ÃPÀgÀt EDLIS §UÉUÉ LICUÉ ¤ÃrzÀªÀAwUÉUÀ¼À ªÉÄð£À ÉêÁ vÉjUÉAiÀÄ É£ïªÁåmï PÉærmïUÀ¼À£ÀÄßvÀªÀÄä vÁ. 28-12-2016gÀ DzÉñÀ ÀASÉå BEL-EXCUS-000-DIV-GLB-JTC-RSR-56-2016-17 gÀ°è ¤gÁPÀj¹zÁÝgÉ.

PÀA¥À¤AiÀÄÄ, PÉÃAzÀæ C¨ÁÌj ÀÄAPÀ PÀ«ÄõÀ£Àgï, (ªÉÄîä£À«),ªÉÄÊ ÀÆgÀÄgÀªÀjUÉ vÁ. 04-04-2017 gÀ ÀASÉå 202/17/BM/CE gÀ°è, ɼÀUÁA£À eÁ¬ÄAmï PÀ«ÄõÀ£ÀgïgÀªÀgÀ DzÉñÀzÀ«gÀÄzÀÞ ªÉÄîä£À« À°è¹zÉ. (dÄ ÉÊ 2012 jAzÀ dÆ£ï 2014gÀCªÀ¢üUÉ)

-¤gÁPÀj¹gÀĪÀ É£ïªÁåmï ªÉƧ®UÀÄ (MrØ ºÉÆgÀvÀÄ¥Àr¹) 110.91 110.91-zÀAqÀ 55.45 ¥ÀjªÀiÁtÂÃPÀj¹®è

b5 Show cause notice issued by the Commissioner of CentralExcise, Belaguam vide SCN No.102/2016-Commr.(C.Ex)dated 29/7/2017 disallowing the CENVAT credit availedby the Company on services used for construction of NewCircular Shaft, for the period from July 2014 to December2015, excluding interest and penalty ( Interest and penaltynot quantified).

The Company filed its reply on 30/1/2017. 258.48 Nil

PÉÃAzÀæ C¨ÁÌj ÀÄAPÀ PÀ«ÄõÀ£Àgï ɼÀUÁAgÀªÀgÀÄ ºÉÆ ÀÀPÀÆåð®gï µÁ¥sïÖ ¤ªÀiÁðtzÀ°è dÄ ÉÊ 2014jAzÀ r ÉA§gï

2015gÀªÀgÉUÉ vÀJUÉzÀÄPÉÆAqÀ PÉÃAzÀæ ÉêÁ vÉjUÉUÀ¼À PÉærlÄÖUÀ¼À£ÀÄßvÁ. 29-7-2017gÀ DzÉñÀ ÀASÉå SCN No.102/2016-Commr.(C.Ex) dated 29/7/2017 gÀ°è ¤gÁPÀj¹zÁÝgÉ, §rتÀÄvÀÄÛ zÀAqÀªÀ£ÀÄß ºÉÆgÀvÀÄ¥Àr¹. (§rØ ªÀÄvÀÄÛ zÀAqÀªÀ£ÀÄߥÀjªÀiÁtÂÃPÀj¹®è)vÁ. 30-1-2017gÀAzÀÄ PÀA¥À¤AiÀÄÄ vÀ£Àß GvÀÛgÀªÀ£ÀÄß À°è¹zÉ.

THE HUTTI GOLD MINES COMPANY LIMITED

183

b6 Show cause notice issued by the Assistant Commissioner of

Central Excise, Bellary vide SCN No.BLY/52/2016-17(AC)dated 04/11/2016 disallowing the CENVAT credit availedby the Company on steel items used by the Company forits underground operation for the period from July 2014 toNovember 2015 (Interest and penalty not quantified).

The Company filed its reply on 18/8/2017. 15.11 Nil

PÉÃAzÀæ C¨ÁÌj ÀÄAPÀ ÀºÁAiÀÄPÀ PÀ«ÄõÀ£Àgï §¼ÁîjAiÀĪÀgÀÄ,sÀÆPɼÀªÉÄÊ UÀt PÁAiÀiÁðZÀgÀuÉAiÀÄ°è dÄ ÉÊ 2014jAzÀ £ÀªÉA§gï

2015gÀªÀgÉUÉ G¥ÀAiÉÆÃV¹zÀ ¹Öïï LlAUÀ¼À ªÉÄð£À É£ïªÁåmïPÉærmïUÀ¼À£ÀÄß vÁ. 4-11-2016gÀ DzÉñÀ ÀASÉå BLY/52/2016-17(AC) gÀ°è ¤gÁPÀj¹zÁÝgÉ (§rØ ªÀÄvÀÄÛ zÀAqÀªÀ£ÀÄߥÀjªÀiÁtÂÃPÀj¹®è)

PÀA¥À¤AiÀÄÄ 18-8-2017gÀAzÀÄ vÀ£Àß GvÀÛgÀªÀ£ÀÄß À°è¹zÉ.

b7 Show cause notice issued by the Principal AdditionalDirector General of Directorate General of Goods &Service Tax Intelligence (DGGSTE) vide SCN No.30/2017-18 dated 05/08/2017 disallowing the concessionalrate of duty paid by the Company on clearance of goldbars for the period from 1st July 2012 to 30th June 2017,Interest and penalty not quantified).The Company is finalising the reply 8,363.98 Nil

¸ÁªÀiÁ£Àå ÀgÀPÀÄUÀ¼ÀÄ ªÀÄvÀÄÛ ÉêÉUÀ¼À ¥ÀæzsÁ£À C¥ÀgÀ qÉÊgÉPÀÖgïd£ÀgÀ ï (DGGSTE)gÀªÀgÀÄ, 1-7-2012 jAzÀ 30-6-2017gÀCªÀ¢üAiÀÄ°è wÃgÀĪÀ½ ªÀiÁrzÀ a£ÀßzÀ UÀnÖUÀ¼À ªÉÄÃ É PÀA¥À¤AiÀÄÄ¥ÁªÀw¹zÀ jAiÀiÁ¬Äw zÀgÀzÀ PÀgÀªÀ£ÀÄß vÁ. 5-8-2017gÀDzÉñÀ ÀASÉå SCN No.30/2017-18 gÀ°è ¤gÁPÀj¹zÁÝgÉ.PÀA¥À¤AiÀÄÄ vÀ£Àß GvÀÛgÀªÀ£ÀÄß CAwªÀÄUÉƽ ÀÄvÀÛzÉ.

b8 The Company has deposited `341.63 lakhs under protesttowards service-tax on royalty and dead rent for theFY 2016-17 on 29.06.2017, pending disposal of casesfiled by various mining companies 341.63 Nil

««zsÀ UÀtÂUÁjPÉ PÀA¥À¤UÀ¼ÀÄ ºÀÆrgÀĪÀ ªÁådåUÀ¼ÀÄEvÀåxÀðªÁUÀĪÀªÀgÉUÉ PÀA¥À¤AiÀÄÄ DyðPÀ ªÀµÀð 2016-17PÉÌÀA§A¢ü¹zÀAvÉ gÁdzsÀ£À ªÀÄvÀÄÛ ¸ÁÜ¬Ä ¨ÁrUÉAiÉÄqÉUÉ

341.63 ®PÀë gÀÆ.UÀ¼À£ÀÄß 29-6-2017gÀAzÀÄ PÀA¥À¤AiÀÄÄoÉêÀtÂAiÀÄ£ÀÄß ¥Àæw sÀl£ÁvÀäPÀªÁV Ej¹zÉ.

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

184

b9 Amount payable towards NMET for the period from12.01.2015 to 31.3.2015 7.31 7.3112-01-2015 jAzÀ 31-3-2015gÀ CªÀ¢üUÉ NMETAiÉÄqÉUÉ¥ÁªÀw À ÉÃPÁzÀ ªÉƧ®UÀÄ.

3. Proposed Dividend For the year ended 31-3-2017 For the year ended 31-3-2016GzÉÝòvÀ ¯Á sÁA±À 31-3-2017gÀAzÀÄ PÉÆ£ÉUÉÆAqÀ ªÀµÀðPÉÌ 31-3-2016gÀAzÀÄ PÉÆ£ÉUÉÆAqÀ ªÀµÀðPÉÌ

The dividend proposed for the year is as follows:On equity Share of ` 100 each:100 gÀÆ É ÉAiÀÄ ¥ÀæwAiÉÆAzÀÄ ¸ÁªÀiÁ£ÀåµÉÃjUÉ GzÉÝò À ÁzÀ ¥Àæ ÀÄÛvÀ ªÀµÀðzÀ ¯Á sÁA±À

Amount of Divident proposed 296.20 74.05GzÉÝòvÀ ¯Á sÁA±ÀzÀ ªÉƧ®UÀÄ

Dividend per Equity Share ` 100 Per Share ` 25 Per Share¥Àæw ¸ÁªÀiÁ£Àå µÉÃjUÉ ¯Á sÁA±À

AS per IND AS, proposed Dividend does not form liability until it is approved by the shareholders in the AGM andhence no provision is made in this regardEAqï-JJ¸ï ¥ÀæPÁgÀ, GzÉÝòvÀ ¯Á sÁA±ÀªÀÅ, ªÁ¶ðPÀ ¸ÁªÀiÁ£Àå À sÉAiÀÄ°è µÉÃgÀÄzÁgÀgÀÄ CzÀ£ÀÄß C£ÀĪÉÆâ ÀĪÀªÀgÉUÉ,zÁ¬ÄvÀéªÁUÀĪÀÅ¢®è ªÀÄvÀÄÛ ºÁUÁV CzÀgÀ §UÉUÉ K¥ÁðqÀ£ÀÄß ªÀiÁqÀ ÁV®è.

4. The following provisions have been made in the books of accounts towards exgratia and production linkedincentives, pending approval from the Government of Karnataka

PÀ£ÁðlPÀ ÀPÁðgÀzÀ C£ÀĪÉÆÃzÀ£É ¨ÁQ EgÀĪÀAvÉAiÉÄÃ, F PɼÀPÀAqÀAvÉ C£ÀÄUÀæºÀ zsÀ£À ªÀÄvÀÄÛ GvÁàzÀ£Á ÀA§A¢üvÀ ¥ÉÆæÃvÁìºÀzsÀ£ÀzÀ ¥ÁªÀwAiÉÄqÉUÉ K¥ÁðqÀ£ÀÄß ªÀiÁqÀ ÁVzÉ.

Year ªÀµÀð `. in lakhs gÀÆ. ®PÀëUÀ¼À°è Remarks µÀgÁ

2008-09 151.22 Exgratia Provision

2009-10 191.53 C£ÀÄUÀæºÀ zsÀ£ÀzÀÀ §UÉV£À K¥ÁðqÀÄ

2010-11 246.15

2011-12 451.62 PLIB provision GvÁàzÀ£Á ÀA§A¢üvÀ ¥ÉÆæÃvÁìºÀ zsÀ£ÀzÀ §UÉUÉ

2012-13 303.73 Exgratia provision

2015-16 427.82 C£ÀÄUÀæºÀ zsÀ£À §UÉV£À K¥ÁðqÀÄ

2016-17 372.65

5. a) Company has paid `3.46 lakhs against `5.75 lakhs demanded by the Sales Tax authorities towards entry tax

for year 1998-99. The company had gone on appeal before the Honourable Karnataka Appellate Tribunal.

The Tribunal has dismissed the case and directed DCCT, Raichur to issue revised demand notice. The Company

has also filed an Appeal in respect of the demand under the Karnataka Entry of Goods Act for the financial

THE HUTTI GOLD MINES COMPANY LIMITED

185

year 2001-02 on a demand of `4.41 lakhs before the Joint Commissioner of Commercial Taxes (Appeals)

Gulbarga, which was allowed and directed DCCT to rework the Tax Amount and issue the revised demand

notice. Both the notices are awaited.

ªÁtÂdå vÉjUÉ C¢üPÁjUÀ¼ÀÄ 1998-99gÀ ¸Á°UÉ ¥ÀæªÉñÀ vÉjUÉAiÉÄqÉUÉ 5.75 ®PÀë gÀÆ.UÀ½UÉ ÉÃrPɬÄnÖgÀĪÀÅzÀgÀ «gÀÄzÀÞ3.46 gÀÆ. ®PÀëUÀ¼À£ÀÄß PÀA¥À¤AiÀÄÄ ¥ÁªÀw¹zÉ. PÀA¥À¤AiÀÄÄ F ¤zsÀðgÀuÉAiÀÄ ( ÉÃrPÉ) «gÀÄzÀÞ. PÀ£ÁðlPÀ ªÉÄîä£À« £ÁåAiÀĪÀÄAqÀ½UÉ ªÉÄîä£À« À°è¹zÉ. ªÉÄîä£À« £ÁåAiÀÄ ªÀÄAqÀ½AiÀÄÄ C¦Ã®£ÀÄß vÀ½îºÁQzÀÄÝ, gÁAiÀÄZÀÆj£À ªÁtÂdå vÉjUÉUÀ¼ÀG¥À DAiÀÄÄPÀÛ(r.¹.¹.n.)gÀªÀjUÉ ÉÃrPÉ/vÀUÁzÉ £ÉÆÃnøï C£ÀÄß ¥ÀjµÀÌj À®Ä ¤zÉÃð²¹vÀÄ. PÀA¥À¤AiÀÄÄ PÀ£ÁðlPÀÀgÀPÀÄUÀ¼À ¥ÀæªÉñÀ PÁAiÉÄÝ Cr ¤ÃqÀ ÁzÀ 2001-02£Éà ¸Á°£À ÉÃrPÉAiÀiÁzÀ 4.41 ®PÀë gÀÆ.UÀ¼À «gÀÄzÀÞªÀÇ, UÀÄ®ãUÀðzÀ

ªÁtÂdå vÉjUÉUÀ¼À dAnà DAiÀÄÄPÀÛ(C¦Ã®ÄUÀ¼ÀÄ)gÀªÀjUÉ, ÉÃrPÉAiÀÄ£ÀÄß ¥ÀjµÀÌj À®Ä ªÀÄ£À« À°è À ÁVzÀÄÝ, F ªÀÄ£À«AiÀÄ£ÀÄß¹éÃPÀj¹zÀ dA. DAiÀÄÄPÀÛgÀÄ gÁAiÀÄZÀÆj£À ªÁtÂdå vÉjUÉUÀ¼À G¥À DAiÀÄÄPÀÛjUÉ, vÉjUÉAiÀÄ£ÀÄß ¥ÀÄ£ÀB ÉPÀÌ ºÁQ, ¥ÀÄ£À«ðªÀIJðvÀÉÃrPÉ ¤ÃqÀĪÀAvÉ ¤zÉÃð²¹gÀÄvÁÛgÉ. EªÉgÀqÀÆ ¥ÀÄ£À«ðªÀIJðvÀ ÉÃrPÉ £ÉÆÃnøïUÀ¼ÀÄ §gÀĪÀÅzÀÄ ¨ÁQ¬ÄgÀÄvÀÛªÉ.

b) For the A.Y 2005-06, the appeal in respect of Income-tax case has been disposed off and as per company’s

calculation `127.89 lakh refund is receivable and the same is considered good and recoverable

DzÁAiÀÄ vÉjUÉAiÀÄ PÀgÀ¤zsÀðgÀuÁ ªÀµÀð 2005-06PÉÌ ÀA§A¢ü¹zÀAvÉ, PÀA¥À¤AiÀÄÄ À°è¹zÀÝ ªÉÄîä£À«AiÀÄÄ EvÀåxÀðªÁVzÀÄÝ.CzÀgÀ ÉPÁÌZÁgÀzÀAvÉ 127.89 ®PÀë gÀÆ.UÀ¼ÀÄ ªÀÄgÀÄ¥ÁªÀwAiÀiÁUÀ ÉÃQzÀÄÝ CzÀ£ÀÄß ¤²ÑvÀªÉAzÀÄ ªÀÄvÀÄÛ ªÀ ÀƯÁUÀ§®èzÉAzÀÄ¥ÀjUÀt À ÁVzÉ.

c) The Status of Income – Tax Assessments:-

ªÀgÀªÀiÁ£À vÉjUÉUÀ¼À ¤zsÀðgÀuÁ ¹ÜwUÀwUÀ¼ÀÄ : ` in lakhs - ®PÀë gÀÆ.UÀ¼À°è

Assessment Provision Tax Estimated Present Status / Remarks

Year as per assessed by Tax Liability

books Assessing Post CIT

Officer order

PÀgÀ ¤zsÀðgÀuÁ ¥ÀĸÀÛPÀUÀ¼À°è£À PÀgÀ ¤zsÀðgÀuÁ ¹LngÀªÀgÀ ¥Àæ ÀÄÛvÀ ¹Üw/µÀgÁ

ªÀµÀð K¥ÁðqÀÄUÀ¼ÀÄ C¢üPÁjUÀ¼ÀÄ DzÉñÀzÀ £ÀAvÀgÀzÀ

¤zsÀðj¹zÀ PÀgÀ CAzÁdÄ

PÀgÀ¨sÁzÀåvÉ

2014-15 4510.71 4517.92 – Appeal pending before CIT appeals.

(4600.00) ¹Ln (ªÉÄîä£À«)gÀªÀgÀ°è ªÉÄîä£À« ¨ÁQ EzÉ.

2015-16 2966.85 – – Scrutiny Assessment is in progress

(3050.00) ÀÆPÀëöä ¥Àj²Ã®£ÉAiÀÄ PÀgÀ¤zsÀðgÀuÉAiÀÄÄ ¥ÀæUÀwAiÀÄ°èzÉ

2016-17 631.77 – – Assessment is yet to be taken up

PÀgÀ ¤zsÁðgÀuÉAiÀÄ£ÀÄß E¯ÁSÉAiÀÄÄ E£ÀÆßPÉÊUÉƼÀî ÉÃQzÉ

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

186

d) The appeals pending before CIT (Appeals) for the A.Y 2009-10, 2010-11, 2011-12, 2012-13 and 2013-14 have

been disposed off. Pending receipt of orders giving effect to CIT (Appeals) order / rectification appeals,

necessary adjustments have been made in the books of accounts.

¹Ln (ªÉÄîä£À«)gÀªÀjUÉ À°è¹zÀÝ, 2009-10, 2010-11, 2011-12, 2012-13 ªÀÄvÀÄÛ 2013-14gÀ PÀgÀ ¤zsÀðgÀuÁ ªÀµÀðUÀ¼À§UÉV£À ªÉÄîä£À«UÀ¼ÀÄ EvÀåxÀðUÉÆArªÉ. CªÀgÀ DzÉñÀ/wzÀÄÝ¥Àr ªÉÄîä£À«UÀ¼À ¹éÃPÀÈwAiÀÄ §UÉV£À DzÉñÀzÀ ¹éÃPÀÈwUÀ¼ÀĨÁQ EgÀĪÀAvÉAiÉÄÃ, ÉPÀÌ¥ÀÄ ÀÛPÀUÀ¼À°è ÀÆPÀÛ ºÉÆAzÁtÂPÀUÀ¼À£ÀÄß ªÀiÁqÀ ÁVzÉ.

e) An amount of `22.12 lakhs (P Y `20.75 lakhs) has been deposited under protest to Service Tax Authorities for

Service- Tax on rental income of immovable properties, pending final verdict of Hon’ble Supreme Court, in

case of Home solutions Retail India Ltd., Vs UOI (2009 (237) ELT (Del)

¹ÜgÁ¹ÛUÀ¼À ¨ÁrUÉ DzÁAiÀÄzÀ ªÉÄð£À ÉêÁ vÉjUÉAiÉÄqÉUÉ 22.12 ®PÀë gÀÆ.UÀ¼À£ÀÄß (PÀ¼ÉzÀ ªÀµÀð 20.75 ®PÀë gÀÆ.UÀ¼ÀÄ)ÉêÁ vÉjUÉ C¢üPÁjUÀ¼À°è ¥Àæw sÀl£ÁvÀäPÀªÁV oÉêÀt Ej À ÁVzÉ. sÁgÀvÀ ÀPÁðgÀzÀ «gÀÄzÀÞzÀ ºÉÆêÀiï À®ÆåµÀ£ïì

EArAiÀiÁ °«ÄmÉqïgÀªÀgÀ 2009(237)EJ¯ïn(¢°è)gÀ°è£À ªÁådåzÀ CAwªÀÄ wÃ¥Àð£ÀÄß ¤jÃQë À ÁVzÉ.

f) The Hon’ble Supreme Court of India vide order dated 13/10/2017, in the case Federation of Indian Mineral

Industries & ors Vs Union of India & Anr, has ordered that the contributions to the District Mineral Fund

(DMF) are required to be made with effect from 17th September 2015. It is further stated that the contributions

made to the DMF from a date prior to date determined, such holder of mining lease or prospecting lease are

entitled to adjust the contributions against the future contributions without the benefit of any interest. The

Company has made contributions from 1st April 2015 and excess contributions to be adjusted is estimated to

`196.63 lakhs and now this excess contribution has been shown as the amount recoverable, in the books of

accounts as on 31.3.2017.

sÁgÀvÀ ÀPÁðgÀzÀ «gÀÄzÀÞzÀ EArAiÀÄ£ï «Ä£ÀgÀ ï ¥sÉqÀgÉñÀ£ï ªÀÄwÛvÀgÀgÀÄ À°è¹zÀ ªÁådåzÀ°è sÁgÀvÀ ÀPÁðgÀzÀ ÀªÉÇÃðZÀÒ£ÁåAiÀiÁ®AiÀĪÀÅ 13-10-2017gÀ vÀ£Àß DzÉñÀzÀ°è PÁtÂPÉUÀ¼À£ÀÄ r¹ÖçPïÖ «Ä£ÀgÀ ï ¥sÀAqï£À°è (rJAJ¥sï) 17£Éà ɥÉÖA§gï2015jAzÀ À°è ÀĪÀAvÉ DzÉñÀ ¤ÃrzÉ. ªÀÄÄAzÀĪÀgÉzÀÄ, F ¢£ÁAPÀPÉÌ ¥ÀƪÀðzÀ°è À°è¹zÀ PÁtÂPÉUÀ¼À£ÀÄß, UÀtÂUÁjPÉCxÀªÁ C£ÉéõÀuÁ UÀÄwÛUÉ ¥ÀqÉzÀªÀgÀÄ, §rØAiÀÄ Ë® sÀå«®èzÉÃ, ªÀÄÄA¢£À PÁtÂPÉUÀ¼ÉqÉUÉ ºÉÆAzÁtÂPÉ ªÀiÁrPÉƼÀÀÄzÉAzÀÄw½¹zÉ. PÀA¥À¤AiÀÄÄ 1£Éà K¦æ ï 2015 jAzÀ PÁtÂPÉ À°è¹zÀÄÝ, 106.63 ®PÀë gÀÆ.UÀ¼À£ÀÄß ºÉZÀÄѪÀj PÁtÂPÉAiÀiÁV ¥ÀjUÀt¹CzÀ£ÀÄß ªÀ ÀƯÁUÀ§®è ªÉƧ®UÉAzÀÄ 31-3-2017gÀA¢£À ÉPÀÌ ¥ÀÄ ÀÛPÀUÀ¼À°è vÉÆÃj À ÁVzÉ.

6. a) The firm which has carried out the re-valuation of fixed asset, as on 01.04.2016 has reported `12.73 lakhs

(P.Y.Nil) as non-current assets held for sale. Based on the re-valuation report the company has identified andfinalised `5.49 lakhs (P.Y. Nil) being the major plant and machineries and shown as ‘Assets held for sale’under current assets. The amount shown is the book values of the assets and less than fair value minus its cost

to sell. All other scraped assets, being not material are held as scrap with ‘NIL’ book value and will be

accounted as revenue on actual disposal.

PÀA¥À¤AiÀÄ D¹ÛUÀ¼À£ÀÄß ¥ÀÄ£ÀªÀiËð°åÃPÀgÀt ªÀiÁqÀ ÁV, 1-4-2016gÀAzÀÄ 12.73 ®PÀëgÀÆ.UÀ¼À (PÀ¼ÉzÀ ªÀµÀð E®è) D¹ÛUÀ¼À£ÀÄߪÀiÁgÁlPÁÌV ElÄÖPÉÆArgÀĪÀ ¥ÀæZÀ°vÀ«®èzÀ D¹ÛUÀ¼ÉAzÀÄ vÉÆÃj À ÁVzÉ. ¥ÀÄ£ÀªÀiËð°åÃPÀgÀtzÀ ªÀgÀ¢AiÀÄ DzsÁgÀzÀªÉÄÃ É PÀA¥À¤AiÀÄÄ ¥ÀæªÀÄÄR ÁܪÀgÀ ªÀÄvÀÄÛ AiÀÄAvÉÆæÃ¥ÀPÀgÀtUÀ¼À£ÀÄß ªÀiÁgÁlPÁÌV ElÄÖPÉÆArgÀĪÀ ¥ÀæZÀ°vÀ«®èzÀ D¹ÛUÀ¼ÉAzÀÄUÀÄgÀÄw¹ 5.49 ®PÀë gÀÆ.UÀ¼À£ÀÄß (PÀ¼ÉzÀ ªÀµÀð E®è) ¤UÀ¢ ¥Àr¹zÉ. ÉPÀÌ¥ÀÄ ÀÛPÀUÀ¼À°è vÉÆÃj À ÁzÀ D¹ÛUÀ¼À ªÀiË®åªÀŤµÀàPÀëªÁzÀ ªÀiË®åQÌAvÀ PÀrªÉÄ EzÀÄÝ, CzÀgÀ°è ªÀiÁgÁl ªÀiÁqÀ®Ä CªÀ±ÀåPÀ«gÀĪÀ ªÉZÀÑUÀ¼À£ÀÄß PÀ¼ÉAiÀįÁVzÉ.

THE HUTTI GOLD MINES COMPANY LIMITED

187

b) In respect of assets whose lives have been completed, the revaluation surplus is depreciated for the remaining

useful lives reported by the valuer in the valuation report.

fëvÁªÀ¢ü ¥ÀÆtðUÉÆArgÀĪÀ D¹ÛUÀ¼ÉqÉUÉ, ¥ÀÄ£ÀªÀiËð°åÃPÀgÀt ºÉZÀѼÀªÀ£ÀÄß ¥ÀÄ£ÀªÀiËð°åÃPÀgÀt ªÀgÀ¢AiÀÄ°è ºÉýgÀĪÀCªÀÅUÀ¼À ¨ÁQ EgÀĪÀ fëvÁªÀ¢üUÉ ÀªÀPÀ½AiÀiÁV ÉPÀÌ ºÁPÀ ÁUÀĪÀÅzÀÄ.

c) The impairments of assets reported in the revaluation report amounting to ` 61.96 lakhs has been charged off

to the accounts through depreciation provision account.

ªÀiË°åÃPÀgÀtzÀ ªÀgÀ¢AiÀÄ°è w½¹gÀĪÀ D¹ÛUÀ¼À PÀÄUÀÄΫPÉUÁV 61.96 ®PÀë gÀÆ.UÀ¼À£ÀÄß ÉPÀÌ¥ÀÄ ÀÛPÀUÀ¼À°è ÀªÀPÀ½UÁV K¥Áðr£ÀÉPÀÌzÀr ÉPÀÌPÉÌ ºÁPÀ ÁVzÉ.

d) The 250HP Thyrister controlled double drum winder having book value of ` 7.07 lakhs being 5% of original

cost (P.Y. `.7.07 lakhs) as at Balance sheet date was transferred from Chitradurga gold unit, for Hutti Gold

operation during March 1994. However the company is of the opinion that the machinery is more suitable for

its satellite mine at Uti. The underground development of Uti mine has been outsourced and is under progress.

The equipment will be installed at Uti after completion of the underground development works. The asset is

not put to use during the year.

¹Üw «ªÀgÀuÁ ¥ÀnÖAiÀÄ ¢£ÁAPÀzÀAzÀÄ, ªÀÄÆ® É ÉAiÀÄ ±ÉÃ.5gÀ¶Ö£À 7.07 ®PÀë gÀÆ.UÀ¼À(PÀ¼ÉzÀ ªÀµÀð 7.07 ®PÀë gÀÆ.UÀ¼ÀÄ)ªÀiË®åzÀ xÉÊj ÀÖgï ºÀvÉÆÃnAiÀÄ 250 C±Àé ±ÀQÛAiÀÄ eÉÆÃr ªÉÊAqÀgÀ£ÀÄß avÀæzÀÄUÀðzÀ a£ÀßzÀ UÀt WÀlPÀ¢AzÀ ªÀiÁZïð1994gÀ°è ºÀnÖ a£ÀßzÀ UÀtÂUÀ¼À°è PÁAiÀÄ𠤪Àð» À®Ä ªÀUÁð¬Ä À Á¬ÄvÀÄ. DzÀgÀÆ F AiÀÄAvÀæªÀÅ HnAiÀÄ°è£ÀG¥ÀUÀtÂUÉ ºÉZÀÄÑ ÀÆPÀÛªÉAzÀÄ PÀA¥À¤AiÀÄÄ C©ü¥ÁæAiÀĪÁVgÀÄvÀÛzÉ. F AiÀÄAvÀæªÀ£ÀÄß HnAiÀÄ°è sÀÆPɼÀªÉÄÊAiÀÄ°è Áܦ À ÁUÀĪÀÅzÀÄ.¥Àæ ÀÄÛvÀ ªÀµÀðzÀ°è F D¹ÛAiÀÄ£ÀÄß §¼ÀPÉ ªÀiÁrPÉÆAr®è.

e) Operations in Chitradurga Gold Unit have been temporarily suspended. The book values of all these assets as

at Balance-sheet date are either 5% or less than 5% of the respective asset original cost

avÀæzÀÄUÀð a£ÀßzÀ WÀlPÀzÀ°è PÁAiÀiÁðZÀgÀuÉUÀ¼À£ÀÄß vÁvÁÌ°PÀªÁV ÀÜVvÀUÉƽ À ÁVzÉ ªÀÄvÀÄÛ PÀA¥À¤AiÀÄÄ «Aqï «Ä®ÄèUÀ¼À£ÀÄ߸Áܦ¹zÉ. a£ÀßzÀ UÀtÂUÁjPÉUÁV G¥ÀAiÉÆÃV ÀÄwÛzÀÝ D¹ÛUÀ¼ÀÄ PÀlÖqÀUÀ¼À£ÀÄß ºÉÆgÀvÀÄ¥Àr¹ DyðPÀ ¹Üw «ªÀgÀuÁ ¥ÀnÖAiÀÄ¢£ÁAPÀzÀAzÀÄ vÀªÀÄä ªÀÄÆ® É ÉAiÀÄ ±ÉÃ.5 gÀµÀÄÖ CxÀªÁ CzÀQÌAvÀ PÀrªÉÄ É ÉAiÀÄ ªÀiË®åªÀżÀîzÁÝVzÉ.

7. a) As per the requirements of Indian Bureau of Mines (IBM) and as a part of mining plans, the company has

submitted the progressive mine closer plans for all the 3 mines. The technical committee constituted to studythe financial and cost impact of progressive mine closer plans, reported that the mines have the life between17 to 30 years and therefore the estimation of financial / cost implication at this juncture would not be advisable.As per the guidelines of IBM the cost estimation can be initiated at least 2-5 years before the final closeractivities starts. As at the Balance-sheet date, the total financial assurance provided by the Company to theIBM, in the form of Bank Guarantees, amounts to `119.69 lakhs. Further as per amendment notification dated27th February 2017, the financial assurance has been increased from `0.25 to `3.00 lakhs per hectare andaccording which the financial assurance to be submitted to IBM as on 31.3.2017 is estimated to be `1406.19

lakhs for all the mines.

sÁgÀwÃAiÀÄ UÀtÂUÀ¼À §ÆågÉÆà (IBM)gÀªÀgÀ CªÀ±ÀåPÀvÉUÀ¼ÀAvÉ ªÀÄvÀÄÛ UÀtÂUÀ¼À AiÉÆÃd£ÉUÀ¼À sÁUÀªÁV, PÀA¥À¤AiÀÄÄ J¯ÁèªÀÄÆgÀÄ UÀtÂUÀ¼À£ÀÄß ªÀÄÄZÀÄѪÀ À®ÄªÁV MAzÀÄ ¥ÀæUÀw¥ÀgÀ AiÉÆÃd£ÉAiÀÄ£ÀÄß À°è¹zÉ. DyðPÀ ªÀÄvÀÄÛ ªÉZÀÑUÀ¼À ¥ÀjuÁªÀĪÀ£ÀÄßCzsÀåAiÀÄ£À ªÀiÁqÀ®Ä £ÉëĹzÀ vÁAwæPÀ À«ÄwAiÀÄÄ UÀtÂUÀ¼À fëvÁªÀ¢üAiÀÄÄ 17 jAzÀ 30 ªÀµÀðUÀ½gÀĪÀÅzÀjAzÀ,CªÀÅUÀ¼À£ÀÄß ªÀÄÄZÀÄѪÀÅzÀgÀ DyðPÀ ªÀÄvÀÄÛ ªÉZÀÑUÀ¼À ¥ÀjuÁªÀĪÀ£ÀÄß CAzÁdÄPÀgÀtUÉƽ ÀĪÀÅzÀÄ ÀÆPÀÛªÀ®è JA§ C©ü¥ÁæAiÀÄ

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

188

ªÀåPÀÛ¥Àr¹zÀÄzÀjAzÀ, ÉPÀÌ ¥ÀÄ ÀÛPÀUÀ¼À°è, ¥Àæ ÀÄÛvÀ ªÀµÀðzÀ°è F §UÉÎ ªÀÄÄ£ÉßÃ¥ÁðqÀ£ÀÄß ªÀiÁqÀ ÁV®è. sÁgÀwÃAiÀÄ UÀtÂUÀ¼À§ÆågÉÆÃgÀªÀgÀ ªÀiÁUÀðzÀ²ðUÀ¼À ¥ÀæPÁgÀ ªÉZÀÑUÀ¼À£ÀÄß UÀtÂUÀ¼À CAwªÀÄ ªÀÄÄZÀÄÑ«PÉ ZÀlĪÀnPÉUÀ¼À 2-5 ªÀµÀðUÀ½UÉ ªÉÆzÀ®ÄCAzÁdÄ ªÀiÁqÀ§ºÀÄzÁVzÉ. ¹Üw «ªÀgÀuÁ ¥ÀnÖAiÀÄ ¢£ÁAPÀzÀAzÀÄ, sÁgÀwÃAiÀÄ UÀtÂUÀ¼À §ÆågÉÆÃUÉ ¨ÁåAPï UÁågÀAnUÀ¼ÀÀgÀÆ¥ÀzÀ°è PÀA¥À¤AiÀÄÄ À°è¹gÀĪÀ DyðPÀ D±Áé À£ÉAiÀÄ ªÉÆvÀÛ 119.69 ®PÀë gÀÆ.UÀ¼ÁVªÉ ªÀÄvÀÄÛ 27£Éà ¥sɧæªÀj 2017gÀwzÀÄÝ¥ÀrUÉÆAqÀ C¢ü ÀÆZÀ£ÉAiÀÄAvÉ, ¥Àæw ºÉPÉÖÃjUÉ 0.25 ®PÀë gÀÆ.UÀ½AzÀ 3.00 ®PÀë gÀÆ.UÀ½UÉ DyðPÀ D±Áé À£ÉAiÀÄ£ÀÄßKj À ÁVzÀÄÝ, 31-3-2017gÀAzÀÄ L©JA gÀªÀjUÉ À°è À ÉÃQgÀĪÀ D±Áé À£ÉAiÀÄ£ÀÄß J®è UÀtÂUÀ¼ÉqÉUÉ 1406.19 ®PÀëgÀÆ.UÀ¼ÉAzÀÄ CAzÁdÄUÉƽ À ÁVzÉ.

b) During the year incidental ore of 6566 MT was obtained (P.Y.12083 MT) from the UTI under grounddevelopment project. The ore is valued at estimated Net Realisable Value (NRV) of ` 1591.64/MT, being thelowest compared to internal comparable cost of similar mine i.e Heera Buddini mines. The ore is brought tobooks by adjusting against the respective capital work in progress account. The carried forwarded stock ofincidental ore totally amounting to 14450 MT (P.Y 2436 MT) also re-valued during the year adopting theestimated NRV of `1591.64/MT, which were earlier valued at NRV of 2015-16 of `1581.92. The differentialcost due to revaluation is adjusted against capital work in progress amounting to `1.40 lakhs

GnUÀtÂAiÀÄ°è sÀÆ PɼÀªÉÄÊUÉ C©üªÀÈ¢Þ AiÉÆÃd£ÉUÀ¼À°è£À ¥Áæ ÀAVPÀ 16566 ªÉÄnæPï l£ï C¢gÀ£ÀÄß (PÀ¼ÉzÀ ªÀµÀð 12083ªÉÄnæPï l£ï) ¥ÀqÉAiÀįÁ¬ÄvÀÄ. F C¢gÀ£ÀÄß ºÉÆð À ÁUÀ§®è CAvÀºÀÄzÉà DzÀ UÀt »ÃgÁ§Ä¢Þ¤AiÀÄ°è£À CvÀåAvÀPÀrªÉÄ ªÀÄlÖzÀ DAvÀjPÀ ªÉZÀÑUÀ¼À DzsÁgÀzÀ ªÉÄÃ É JAzÀgÉ ¥Àæw l¤ßUÉ gÀÆ. 1591.64 gÀAvÉ ªÀiË°åÃPÀj À ÁVzÉ. FC¢gÀ£ÀÄß ªÀÄÄAzÀĪÀgÉAiÀÄÄwÛgÀĪÀ §AqÀªÁ¼À PÁªÀÄUÁjAiÉÄqÉUÉ ºÉÆAzÁtÂPÉ ªÀiÁqÀ ÁVzÉ. »A¢¤AzÀ vÀgÀ ÁzÀ ¥Áæ ÀAVPÀCzÀÄj£À MlÄÖ zÁ¸ÁÛ£ÀÄ 14,450 ªÉÄnæPï l£ÀßUÀ¼ÁVzÀÄÝ (PÀ¼ÉzÀ ªÀµÀð 2436 ªÉÄnæPï l£ÀÄßUÀ¼ÀÄ) CzÀ£ÀÄß ¤ªÀé¼À ªÀiË®åzÀDzsÁgÀzÀ ªÉÄÃ É ¥Àæwl¤ßUÉ 1591.64gÀAvÉ (»A¢£À ªÀµÀðzÀ ªÀiË®å gÀÆ. 1581.92) ªÀiË°åÃPÀj À ÁVzÉ. ¥ÀÄ£ÀªÀiËð°åÃPÀgÀtzÀ°è£ÀªÀåvÁå ÀzÀ ªÉZÀѪÁzÀ 1.40 ®PÀë gÀÆ.UÀ¼À£ÀÄß ¥ÀæUÀwAiÀÄrAiÀÄ°ègÀĪÀ §AqÀªÁ¼À PÁªÀÄUÁj ÉPÀÌzÀ°è ºÉÆAzÁtÂPÉ ªÀiÁqÀ ÁVzÉ.

c) The departmentally produced ore balance of 2852 MT, carried forward from previous year is re-valued atNRV of current year @ `2168.53/MT (P.Y `2694.71/MT) amounting to `61.85 lakhs (P.Y `76.85 lakhs)

»A¢£À ªÀµÀð¢AzÀ ªÀÄÄAzÀPÉÌ vÀgÀ ÁzÀ « sÁVÃAiÀĪÁV GvÁࢠÀ ÁzÀ 2852 ªÉÄnæPï l£ï CzÀÄj£À zÁ¸ÁÛ£À£ÀÄß ¤ªÀé¼À¥ÀqÉAiÀįÁUÀĪÀ ªÀiË®åzÀ DzsÁgÀzÀ ªÉÄÃ É ¥Àæ ÀÄÛvÀ ªÀµÀð ¥Àæw l¤ßUÉ 2168.53gÀAvÉ (PÀ¼ÉzÀ ªÀµÀð 2694.71) ¥ÀÄ£ÀªÀiËð°åÃPÀj À ÁVCzÀÄ 61.85 ®PÀë gÀÆ.UÀ½zÉ (PÀ¼ÉzÀ ªÀµÀð 76.85 ®PÀë gÀÆ.UÀ¼ÀÄ)

d) The low grade ore of 32296 MT laying at Uti mines is continued at the values accounted during the previousyear, being the cost of open pit mine and lowest compare to current year estimated NRV amounting to `173.11lakhs (P.Y `173.11 lakhs).

Gn a£ÀßzÀ UÀtÂAiÀÄ PɼÀzÀeÉðAiÀÄ 32,296 ªÉÄnæPï l£ï C¢gÀ£ÀÄß PÀ¼ÉzÀ ªÀµÀðzÀAvÉAiÉÄà ¤ªÀé¼À ¹éÃPÀj À§®è ªÀiË®åzÀDzsÁgÀzÀ ªÉÄÃ É ¥Àæ ÀÄÛvÀ ªÀµÀðzÀ°è ¥Àæw l¤ßUÉ 2168.53 (PÀ¼ÉzÀ ªÀµÀð ¥Àæwl¤ßUÉ 2694.71)gÀÆ.UÀ¼ÀAvÉ, ªÀiË°åÃPÀj À ÁV,CzÀÄ 61.85 ®PÀë gÀÆ.UÀ¼ÁVzÉ (PÀ¼ÉzÀ ªÀµÀð 173.11 ®PÀë gÀÆ.UÀ¼ÀÄ)

e) The low grade ore of 3232MT transported and laying at mill yard at Hutti is re-valued @ `958.92/MT beingthe NRV of current year and less than cost price, amounting to `30.99 lakhs (P.Y `34.72 lakhs). Previous yearit was valued at cost of `1075/MT, since cost was less than NRV of previous year `1455.46/MT.

¸ÁV À ÁzÀ ªÀÄvÀÄÛ ºÀnÖ «Ä¯ï DªÀgÀtzÀ°ègÀĪÀ PɼÀzÀeÉðAiÀÄ 3232 ªÉÄnæPï l£ï C¢gÀ£ÀÄß ¤ªÀé¼À ¹éÃPÀj À§®è ªÀiË®åzÀDzsÁgÀzÀ°è ¥Àæwl¤ßUÉ 958.92 gÀÆ.UÀ¼ÀAvÉ, C À®Ä É ÉVAvÀ PÀrªÉÄAiÀiÁV ¥ÀÄ£ÀªÀiËð°åÃPÀj À ÁVzÀÄÝ CzÀÄ 30.99 ®PÀëgÀÆ.UÀ¼ÁVzÉ. (PÀ¼ÉzÀ ªÀµÀð 34.72 ®PÀë gÀÆ.UÀ¼ÀÄ) PÀ¼ÉzÀ ªÀµÀð CzÀ£ÀÄß ¥Àæwl¤ßUÉ C À®Ä É ÉAiÀiÁzÀ 1075 £ÀAvɪÀiË°åÃPÀj À ÁVvÀÄÛ, PÁgÀt, C À®Ä É ÉAiÀÄÄ, ¤ªÀé¼À ¹éÃPÀj À§®è ªÀiË®åªÁzÀ ¥Àæw l¤ßUÉ 1455.46 gÀÆ.UÀ½VAvÀ PÀrªÉÄDV¢ÝvÀÄ.

THE HUTTI GOLD MINES COMPANY LIMITED

189

f) The approximate Stock of Copper Ore Tailing at CGU is 521361 MT (P.Y. 521361 MT) and at Kalyadi CopperUnit is 500000 MT (P.Y. 500000 MT). The revenue realised on disposal of this Copper Ore Tailing is beingaccounted during the year of actual realisation as per Accounting Policy No.2.5.

avÀæzÀÄUÀð a£ÀßzÀ WÀlPÀzÀ°è£À vÁªÀÄæzÀ CzÀÄj£À mÉÊ°AUïUÀ¼À zÁ¸ÁÛ£ÀÄ 521361 l£ï DVzÀÄÝ (PÀ¼ÉzÀ ªÀµÀð 521361 l£ï)PÀ Áår vÁªÀÄæ WÀlPÀzÀ°è CzÀÄ 5,00,000 l£ï DVzÀÄÝ (PÀ¼ÉzÀ ªÀµÀð 5,00,000 l£ï) vÁªÀÄæzÀ mÉÊ°AUïUÀ¼À ªÉÄð£ÀDzÁAiÀĪÀ£ÀÄß ÉPÀÌ¥ÀvÀæUÀ¼À¤ßqÀĪÀ ªÀĺÀvÀézÀ ¤Ãw 2.5gÀAvÉ CªÀ£ÀÄß ªÁ ÀÛªÀªÁV ¹éÃPÀj¹zÀ ªÀµÀðzÀ°è ÉPÀÌPÉÌ vÉUÉzÀÄPÉƼÀî ÁUÀĪÀÅzÀÄ.

8. Assets, liabilities, revenues and direct expenses in relation to segments are categorised based on items that areindividually identifiable to that segment, while other items, wherever allocable, are apportioned to the segmentson appropriate basis. Certain items those are not specifically allocable to individual segments, are separatelydisclosed as ‘unallocated’. The Company has considered business segment as the primary segment fordisclosure. There are no other reportable segments.

WÀlPÀUÀ½UÉ ÀA§A¢ü¹zÀAvÉ ÀévÀÄÛUÀ¼ÀÄ, ºÉÆuÉUÁjPÉUÀ¼ÀÄ, DzÁAiÀÄUÀ¼ÀÄ ºÁUÀÆ £ÉÃgÀ RZÀÄðUÀ¼À£ÀÄß D WÀlPÀUÀ½UÉ ¥ÀævÉåÃPÀªÁVUÀÄgÀÄw À®àqÀĪÀ LlAUÀ¼À DzsÁgÀzÀ°è ¥ÀæªÀVÃðPÀj À ÁVzÉ, »ÃVgÀĪÀ°è J Éè°è ºÀAZÀ ÁUÀĪÀÅzÉÆ ºÁUÉ EvÀgÉ LlAUÀ¼À£ÀÄßÀÆPÀÛ DzsÁgÀzÀ°è WÀlPÀUÀ½UÉ ºÀAZÀ ÁVzÉ. ¥ÀævÉåÃPÀ ªÀ®AiÀÄUÀ½UÉ ¤¢ðµÀÖªÁV ºÀAZÀ ÁUÀzÀ PÉ®ªÀÅ LlAUÀ¼À£ÀÄß ºÀAaPÉ

ªÀiÁqÀ®àqÀzÀzÀÄ JAzÀÄ ¥ÀævÉåÃPÀªÁV vÉÆÃj À ÁVzÉ. PÀA¥É¤AiÀÄÄ ¥ÀæPÀl¥Àr ÀÄ«PÉUÁV ªÁå¥ÁgÀ WÀlPÀªÀ£ÀÄß ¥ÁæxÀ«ÄPÀWÀlPÀªÀ£ÁßV ¥ÀjUÀt¹zÉ. ªÀgÀ¢ ªÀiÁqÀ ÉÃPÁzÀ ÉÃgÁªÀÅzÉà ªÀ®AiÀÄUÀ½®è WÀlPÀUÀ½®è.

Segment InformationWÀlPÀªÁgÀÄ ªÀiÁ»w

Current Year - 2016-17 Previous Year – 2015-16

Particulars Gold Unit Wind Farm Total Gold Unit Wind Farm Total

«ªÀgÀUÀ¼ÀÄ a£ÀßzÀ WÀlPÀ «Aqï ¥sÁªÀiïð MlÄÖ a£ÀßzÀ WÀlPÀ «Aqï ¥sÁªÀiïð MlÄÖ

Segment Revenue 38,098.74 942.74 39,041.48 34,312.17 728.76 35,040.93

WÀlPÀ ªÀgÀªÀiÁ£À

Segment Expenditure 39,016.49 515.99 39,532.49 37,824.18 555.55 38,379.73

WÀlPÀ ªÉZÀÑ

Segment Results (917.75) 426.73 (491.02) (3,512.00) 173.20 (3,338.80)

WÀlPÀ ¥sÀ°vÁA±ÀUÀ¼ÀÄ

Un-allocable Income - - 5,279.71 - - 5,809.00

ºÀAaPɪÀiÁqÀ®àqÀzÀ DzÁAiÀÄ

Un-allocable Expenditure - - 619.39 - - 1,268.94

ºÀAaPÉ ªÀiÁqÀ®àqÀzÀ ªÉZÀÑ

Profit before taxation - - 4,169.32 - - 1,247.64

vÉjUÉUÉ ªÀÄÄAa£À ¯Á sÀ

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

190

Taxes - - 1,012.46 - - 568.51

vÉjUÉUÀ¼ÀÄ

Profit after taxation - - 3,156.86 - - 632.14

vÉjUÉ£ÀAvÀgÀzÀ ¯Á sÀ

Comprehensive income - - (79.75) - - (46.39)

vÉjUÉ£ÀAvÀgÀzÀ ¯Á sÀ

Total Comprehensive

income - - 3,077.09 - - 632.76

MlÄÖ « ÀÛøvÀ ¯Á sÀ

Segment Assets 1,38,552.46 6,239.59 1,44,792.04 66,984.77 3,702.40 70,687.17

WÀlPÀ ÀévÀÄÛUÀ¼ÀÄ

Un-allocable Assets - - 58,994.97 - - 58,446.70

ºÀAaPÉ ªÀiÁqÀ®àqÀzÀ

ÀévÀÄÛUÀ¼ÀÄ

Total Assets - - 2,03,787.02 - - 1,29,133.87

MlÄÖ ÀévÀÄÛUÀ¼ÀÄ

Segment Liabilities 20,757.19 19.92 20,777.12 18,716.06 33.69 18,749.75

WÀlPÀ ºÉÆuÉUÁjPÉUÀ¼ÀÄ

Un-allocable Liabilities - - 805.07 - - 1,461.24

ºÀAaPÉ ªÀiÁqÀ®àqÀzÀ

ºÉÆuÉUÁjPÉUÀ¼ÀÄ

Total Liabilities - - 21,582.19 - - 20,210.98

MlÄÖ ºÉÆuÉUÁjPÉUÀ¼ÀÄ

Capital Expenditure 21,547.93 - 21,547.93 21,093.87 21,093.87

§AqÀªÁ¼À ªÉZÀÑ

Depreciation 2,522.59 282.77 2,805.36 2,450.07 283.54 2,733.61

ÀªÀPÀ½

THE HUTTI GOLD MINES COMPANY LIMITED

191

9. The Company has made an Inter-Corporate Loan of `.100 lakhs to Mysore Lamp Works Limited, a Government

Company, the winding up process of which has been initiated. The Company has lodged its claim before the

official liquidator. Pending the settlement, the Inter Corporate Loan outstanding amounting to .111.15 lakhs including

interest up to the year 1998-99 is considered doubtful and fully provided for. Consequently no interest is provided

from the year 1999-2000. Suitable adjustments will be made on settlement of dues.

PÀA¥À¤AiÀÄÄ PÀ£ÁðlPÀ ÀPÁðgÀzÀ PÀA¥À¤AiÀiÁzÀ §gÀSÁ ÀÄÛUÉƽ ÀĪÀ PÁAiÀÄð ¥ÀæUÀwAiÀÄ°ègÀĪÀ ªÉÄÊ ÀÆgÀÄ ¯ÁåA¥ïì PÀA¥À¤UÉCAvÀ¤ðUÀªÀÄ Á®ªÁV 100 ®PÀë gÀÆ.UÀ¼À£ÀÄß Á®ªÀ£ÀÄß ¤ÃrgÀÄvÀÛzÉ. PÀA¥À¤AiÀÄÄ vÀ£Àß vÀUÁzÉAiÀÄ£ÀÄß ÀªÀiÁ¥À£Á C¢üPÁjAiÉÄzÀÄgÀĪÀÄAr¹zÉ. ¨ÁQAiÀiÁVgÀĪÀ PÀA¥À¤ ¸Á® 1998-99gÀªÀgÉUÉ DVgÀĪÀ §rØ PÀÆr 111.15 ®PÀë gÀÆ.UÀ¼ÁVzÀÄÝ, F ¸Á®zÀ ºÀtªÀŧgÀĪÀÅzÀÄ C£ÀĪÀiÁ£Á ÀàzÀªÉAzÀÄ w½zÀÄ, EvÀåxÀðPÁÌV ¤jÃQë¹ CzÀPÁÌV K¥ÁðqÀ£ÀÄß ªÀiÁqÀ ÁVzÉ. 1999-2000¢AzÀ §rØUÀÆK¥ÁðqÀÄ ªÀiÁrgÀĪÀÅ¢®è ªÀÄvÀÄÛ ¨ÁQ ºÀtzÀ EvÀåxÀðzÀ §½PÀ ÀÆPÀÛ ºÉÆAzÁtÂPÉUÀ¼À£ÀÄß ªÀiÁrPÉƼÀî ÁUÀĪÀÅzÀÄ.

10. a) Value of imports calculated on CIF basis.

(J) ¹LJ¥sï DzsÁgÀzÀ ªÉÄÃ É ÉPÁÌZÁgÀ ºÁPÀ ÁzÀ DªÀÄzÀÄUÀ¼À ªÀiË®å

Description Current year Previous year

«ªÀgÀUÀ¼ÀÄ ¥Àæ¸ÀÄÛvÀ ªÀµÀð »A¢£À ªÀµÀð` in lakhs ` in lakhs

gÀÆ.®PÀëUÀ¼À°è gÀÆ.®PÀëUÀ¼À°è

1. Spare parts 10.65 Nil

©r sÁUÀUÀ¼ÀÄ

2. Capital Goods Nil 4.13

§AqÀªÁ¼À ÀgÀPÀÄUÀ¼ÀÄ

b) Imported and indigenous Stores and spare parts consumption:

(©) DªÀÄzÀÄUÉÆAqÀ zÉòÃAiÀÄ zÁ¸ÁÛ£ÀÄUÀ¼ÀÄ ªÀÄvÀÄÛ ©r¨sÁUÀUÀ¼À §¼ÀPÉ

Description Current Year Previous Year

«ªÀgÀUÀ¼ÀÄ ¥Àæ¸ÀÄÛvÀ ªÀµÀð »A¢£À ªÀµÀð

Amount (`) in lakhs Percentage Amount (`) in lakhs Percentage

ªÉƧ®UÀÄ gÀÆ. ®PÀëUÀ¼À°è ±ÉÃPÀqÀªÁgÀÄ ªÉƧ®UÀÄ gÀÆ. ®PÀëUÀ¼À°è ±ÉÃPÀqÀªÁgÀÄ

i) Indigenous 4742.10 99.85 4775.59 100.00

ÀézÉòAiÀÄ

ii) Imported 7.09 0.15 Nil 0.00

DªÀÄ¢vÀ

Total MlÄÖ 4749.19 100.00 4775.59 100.00

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

192

c) Earnings in Foreign currency - Nil.

«zÉò «¤ªÀÄAiÀÄ ÀA¥ÁzÀ£É : E®è

d) Expenditure in Foreign currency

«zÉò «¤ªÀÄAiÀÄ RZÀÄð :

(i) CIF value of spare parts imported - `10.65 lakhs (Previous Year - ` Nil)

DªÀÄ¢vÀ ©r sÁUÀUÀ¼À ¹LJ¥sï ªÀiË®å : E®è (»A¢£À ªÀµÀð E®è )

(ii) Foreign travel expenses – ` Nil (Previous Year – Nil )

«zÉò ¥ÀæAiÀiÁtzÀ RZÀÄð : E®è (»A¢£À ªÀµÀð E®è )

11. The Company has budgeted CSR expenditure of 170.00 lakhs (P.Y. `323.70 lakhs), considering 2% of the average

profits of the previous 3 years as per Section 135 of the Companies Act, 2013. The amount sanctioned during the

year is `133.33 lakhs (P.Y. `323.70 lakhs) considering eligible projects under CSR scheme, of which `36.67 lakhs

(P.Y. `323.70 lakhs) has been disbursed during the year. The remaining amount will be disbursed as per the CSR

policy of the Company.

PÀA¥À¤ PÁ¬ÄzÉ ÉPÀë£ï 135gÀ jÃvÀå, PÀ¼ÉzÀ ªÀÄÆgÀÄ ªÀµÀðUÀ¼À ÀgÁ Àj ¯Á sÀzÀ ±ÉÃ. 2gÀAvÉ PÀA¥À¤AiÀÄÄ vÀ£Àß ¸ÁA¹ÜPÀ ¸ÁªÀiÁfPÀdªÁ¨ÁÝjAiÉÄqÉUÉ 170.00 ®PÀë gÀÆ.UÀ¼À£ÀÄß CAzÁdÄUÉƽ¹zÉ (PÀ¼ÉzÀ ªÀµÀð 323.70 ®PÀë gÀÆ.UÀ¼ÀÄ) ¥Àæ ÀÄÛvÀ ªÀµÀðzÀ°èªÀÄAdÆgÁzÀ ªÉƧ®UÀÄ 133.33 ®PÀ ë g ÀÆ.UÀ¼ÁVzÀÄ Ý (P À¼ Éz À ªÀµÀð 323.70 ®PÀ ë) ¸ÁA¹ÜP À ¸ÁªÀiÁfPÀdªÁ¨ÁÝjAiÀÄrAiÀÄ°è£À CºÀð AiÉÆÃd£ÉUÀ½UÉ 36.67 ®PÀë gÀÆ.UÀ¼À£ÀÄß «vÀj À ÁVzÉ. (PÀ¼ÉzÀ ªÀµÀð 323.70 ®PÀë gÀÆ.UÀ¼ÀÄ)G½zÀ ºÀtªÀ£ÀÄß PÀA¥À¤AiÀÄ ¸ÁA¹ÜPÀ ¸ÁªÀiÁfPÀ dªÁ¨ÁÝjAiÀÄ ¥ÀæPÁgÀ «vÀj À ÁUÀĪÀÅzÀÄ.

12. Details of maintenance and other expenditure on Township and other social overheads.

£ÀUÀgÀ ªÀÄvÀÄÛ EvÀgÀ ¸ÁªÀiÁfPÀ ªÉÄà ÉéZÀÑzÀ ªÉÄð£À ¤ªÀðºÀuÉ ªÀÄvÀÄÛ EvÀgÀ ªÉZÀÑUÀ¼À «ªÀgÀUÀ¼ÀÄ

REVENUE:

gÉ«£ÀÆå : zÉÊ£ÀA¢£À ªÉZÀÑUÀ¼ÀÄ

Particulars Current year (` in lakhs) Previous year (` in lakhs)

«ªÀgÀUÀ¼ÀÄ ¥Àæ¸ÀÄÛvÀ ªÀµÀð gÀÆ. ®PÀëUÀ¼À°è »A¢£À ªÀµÀð gÀÆ. ®PÀëUÀ¼À°è

Maintenance materials 40.37 31.85

¤ªÀðºÀuÁ ªÀ¸ÀÄÛUÀ¼ÀÄ

Salaries, Wages & benefits 1262.18 1101.49

ÀA§¼ÀUÀ¼ÀÄ, ªÀÄdÆjUÀ¼ÀÄ ªÀÄvÀÄÛ ¸Ë® sÀåUÀ¼ÀÄ

Water Supply 112.15 114.74¤ÃgÀÄ ÀgÀ§gÁdÄ

Electricity Charges 417.31 361.23«zÀÄåZÀÒQÛ ªÉZÀÑUÀ¼ÀÄ

Repairs & Maintenance of Buildings & Roads 75.54 306.48PÀlÖqÀUÀ¼ÀÄ ªÀÄvÀÄÛ gÀ ÉÛUÀ¼À zÀÄgÀ¹Û ªÀÄvÀÄÛ ¤ªÀðºÀuÉ

THE HUTTI GOLD MINES COMPANY LIMITED

193

Depreciation 139.78 427.42ÀªÀPÀ½

Medical facilities 968.20 1137.64ªÉÊzÀåQÃAiÀÄ ¸Ë® sÀåUÀ¼ÀÄ

Expenses on Social & Cultural activities 761.45 723.16¸ÁªÀiÁfPÀ ªÀÄvÀÄÛ ¸ÁA ÀÌøwPÀ ZÀlĪÀnPÉUÀ¼À ªÉÄð£À ªÉZÀÑUÀ¼ÀÄ

Total 3776.98 4208.03MlÄÖ

Less: Township recoveries: 78.90 20.16PÀ¼É¬Äj : ¥ÀlÖt ¥ÀæzÉñÀzÀ ªÀ ÀƯÁwUÀ¼ÀÄ

Net: Township Expenses: 3698.08 4187.86¤ªÀé¼À: ¥ÀlÖt ¥ÀæzÉñÀzÀ ªÉZÀÑUÀ¼ÀÄ

CAPITAL:§AqÀªÁ¼À

Current Year - ` in lakhs Previous Year - ` in lakhs

¥Àæ¸ÀÄÛvÀ ªÀµÀð - gÀÆ. ®PÀëUÀ¼À°è »A¢£À ªÀµÀð - gÀÆ. ®PÀëUÀ¼À°è

Particulars Gross Block Depreciation Gross Block Depreciation

«ªÀgÀUÀ¼ÀÄ As at 31-03-2017 Upto 31-03-2017 As at 31-03-2016 Upto 31-03-2016

31-3-2017 gÀAvÉ 31-3-2017gÀªÀgÉU É 31-3-2016 gÀAvÉ 31-3-2016 gÀªÀgÉUÉÉMlÄÖ ¨ÁèPï ¸ÀªÀPÀ½ MlÄÖ ¨ÁèPï ¸ÀªÀPÀ½

Township 2871.23 1130.74 2597.16 1041.05

¥ÀlÖt ¥ÀæzÉñÀ

Hospital and Schools 836.97 368.33 826.85 350.29D ÀàvÉæ ªÀÄvÀÄÛ ±Á ÉUÀ¼ÀÄ

Social & cultural 139.43 71.87 142.26 66.66¸ÁªÀiÁfPÀ ªÀÄvÀÄÛ ¸ÁA ÀÌøwPÀ

Total 3847.64 1570.93 3566.27 1458.01

MlÄÖ

13. In terms of Memorandum of Settlement on Wages, signed on 31/03/2003 between the management and HGM S &E Union, management had agreed and framed a special superannuation benefit scheme. A Trust has been registeredfor administering the fund through Prudential ICICI. `271.89 lakhs (P.Y `256.31 lakhs) for the year 2016-17, beingthe current year service cost, as per actuarial valuation is provided.

ºÀnÖ a£ÀßzÀ UÀt DqÀ½vÀ ªÀUÀð PÁ«ÄðPÀ ÀAWÀl£ÉAiÉÆA¢UÉ ¢£ÁAPÀ 31-3-2003gÀAzÀÄ À» ªÀiÁrzÀ eÁÕ¥À£Á¥ÀvÀæzÀAvÉDqÀ½vÀ ªÀUÀðªÀÅ «±ÉõÀ ¸Ë® sÀåzÀ ¤ªÀÈwÛAiÉÆÃd£ÉUÉ M¦àUÉ ¤Ãr CzÀPÁÌV L¹L¹L ¥ÀÄæqɤêAiÀįïgÀªÀgÀ ªÀÄÆ®PÀ CzÀ£ÀÄߤªÀð» À®Ä MAzÀÄ £Áå ÀªÀ£ÀÄß £ÉÆÃAzÁ¬Ä À ÁVzÉ. ¥Àæ ÀÄÛvÀ ªÀµÀðzÀ ÉêÁ ªÉZÀѪÁzÀ 271.89 ®PÀë gÀÆ.UÀ¼À£ÀÄß (PÀ¼ÉzÀ ªÀµÀð256.31 ®PÀë gÀÆ.UÀ¼À£ÀÄß) «ªÀiÁ UÀtPÀzÀ ªÀiË°åÃPÀgÀtzÀAvÉ, K¥ÁðqÀ£ÀÄß ªÀiÁqÀ ÁVzÉ.

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

194

14. As per the Memorandum of settlement entered between the management and employees union, the wage revisionof the employees is due from 01.04.2016. The negotiation between the management and employees union is yet tobe complete. However the management and employees union, pending finalisation of pay revision, have agreed forthe payment of interim relief @ 10% of the basic and IDA. Accordingly the interim relief amounting of `1026.39lakhs and company’s contribution towards PF thereon amounting to `123.17 lakhs has been paid during the yearand same has been accounted as the expenditure. Pending conclusion of negotiation the balance liability is notdetermined and provided for.

DqÀ½vÀ ªÀUÀð ªÀÄvÀÄÛ £ËPÀgÀgÀ ÀAWÀzÉÆA¢UÉ ªÀiÁrPÉÆAqÀ eÁÕ¥À£Á ¥ÀvÀæzÀ ¥ÀæPÁgÀ, £ËPÀgÀgÀ ªÉÃvÀ£À ¥ÀjµÀÌgÀuÉAiÀÄÄ 01-04-2016 jAzÀ ¨ÁQ¬ÄgÀÄvÀÛzÉ. DqÀ½vÀ ªÀUÀð ªÀÄvÀÄÛ £ËPÀgÀgÀ ªÀÄzsÉå ÀAzsÁ£ÀªÀÅ E£ÀÆß ªÀÄÄPÁÛAiÀĪÁUÀ ÉÃQzÉ. ªÉÃvÀ£À ¥ÀjµÀÌgÀuÉAiÀÄĨÁQ EgÀĪÀAvÉAiÉÄÃ, DqÀ½vÀ ªÀUÀð ªÀÄvÀÄÛ £ËPÀgÀgÀÄ ªÀÄzsÀÀåPÁ°Ã£À ¥ÀjºÁgÀªÁV ªÀÄÆ®ªÉÃvÀ£À ªÀÄvÀÄÛ vÀÄnÖ sÀvÉåUÀ¼À ±ÉÃ.10 gÀµÀÄÖªÉƧ®VUÉ M¦àPÉÆArgÀÄvÁÛgÉ. ºÁUÁV ªÀÄzsÀåPÁ°Ã£À ¥ÀjºÁgÀzÀ ªÉÆvÀÛªÁzÀ 1026.39 ®PÀë gÀÆ.UÀ¼À£ÀÄß ªÀÄvÀÄÛ CzÀgÀ ªÉÄð£ÀsÀ«µÀ夢üAiÉÄqÉV£À PÀA¥À¤AiÀÄ ªÀAwUÉAiÀiÁzÀ 123.17 ®PÀë gÀÆ.UÀ¼À£ÀÄß ¥ÁªÀw À ÁVzÀÄÝ, CzÀ£ÀÄß Rað£ÀAvÉ ÉPÀÌPÉÌ ºÁPÀ ÁVzÉ.

M¥ÀàAzÀzÀ ªÀÄÄPÁÛAiÀĪÀÅ ¨ÁQ EgÀĪÀAvÉAiÉÄÃ, ¨ÁQ zÁ¬ÄvÀéUÀ¼À£ÀÄß ¤zsÀðj À ÁV®è ªÀÄvÀÄÛ CzÀPÁÌV K¥ÁðqÀ£ÀÄß ªÀiÁqÀ ÁV®è.

15. Detailed information as per IND AS -19 on Employees Benefits.

ÉPÀ̱Á ÀÛç ªÀiÁ£ÀzÀAqÀ EAqïJ¸ï-19 ¥ÀæPÁgÀ «ªÀgÀªÁzÀ ªÀiÁ»wUÀ¼ÀÄ :

The company has defined benefit plans comprising of Service Gratuity, Privilege leave benefit & Employeessuperannuation scheme. The valuation of liabilities have been arrived using Projected Unit Credit Actuarial Method.

PÀA¥À¤AiÀÄÄ, ÉêÁ UÁæZÀÄå¬Än, ºÀQÌ£À gÀeÁ ÀªÀ®vÀÄÛ ªÀÄvÀÄÛ ¤ªÀÈwÛ AiÉÆÃeÉ£ÀUÀ¼À£ÉÆß¼ÀUÉÆAqÀ ªÁåSÁå¤ À ÁzÀ ¸Ë® sÀåUÀ¼À£ÀÄߺÉÆA¢zÉ. ªÀiË°åÃPÀgÀt zÁ¬ÄvÀéUÀ¼À£ÀÄß ¥ÉÆæeÉPÉÖqï AiÀÄĤmï PÉærmï DPÀÄÑjAiÀÄ¯ï ¥ÀzÀÞwAiÀÄrAiÀÄ°è ÉPÀÌ ºÁPÀ ÁVzÉ.

(` in Lakhs ®PÀë gÀÆ.UÀ¼À°è)

Sl. Particulars Current Year - 2016-17 Previous Year - 2015-16

No. Service PL E.S.S. Service PL E.S.S.

Gratuity Benefit Gratuity Benefit

A Changes in the Defined Obligation(DBO) during the periodªÁåSÁå¤vÀ zÁ¬ÄvÀéUÀ¼À°è ¥Àæ ÀÄÛvÀªÀµÀðzÀ°è£À §zÀ ÁªÀuÉUÀ¼ÀÄ

DBO, beginning of period 8940.53 1423.71 1884.68 9296.83 1271.44 1773.68ªÁåSÁå¤vÀ zÁ¬ÄvÀéUÀ¼ÀÄ ªÀµÀðzÀ D¢AiÀÄ°è

Net current service cost 573.48 148.91 122.66 596.34 120.34 115.44¤ªÀé¼À ¥Àæ ÀÄÛvÀ ÉêÁ ªÉZÀÑUÀ¼ÀÄ

Interest cost on DBO 708.70 118.65 150.22 767.60 106.53 142.89r©N UÀ¼À ªÉÄð£À §rØ

Benefits paid (972.55) (324.07)* (68.80) (1611.48) (299.37) (328.38)¥ÁªÀw À ÁzÀ ¸Ë® sÀåUÀ¼ÀÄ

THE HUTTI GOLD MINES COMPANY LIMITED

195

Actuarial (Gains)/Loss 137.06 389.80 (41.71) (108.76) 224.77 181.05

«ªÀiÁUÀtPÀ (¯Á sÀ)/£ÀµÀÖ

DBO, end of period 9387.22 1757.00 2047.05 8940.53 1423.71 1884.68

ªÁåSÁå¤vÀ zÁ¬ÄvÀéUÀ¼ÀÄ ªÀµÁðAvÀåzÀ°è

B Change in fair value of Plan Assets

during the period

AiÉÆÃd£Á ÀévÀÄÛUÀ¼À°è £ÁåAiÀÄAiÀÄÄvÀªÁzÀªÀiË®åzÀ°è ¥Àæ ÀÄÛvÀ ªÀµÀðzÀ°è£À §zÀ ÁªÀuÉUÀ¼ÀÄ

Fair value of plan assets, beginning

of period. 5727.62 969.51 25.36 5981.16 1290.99 26.93

AiÉÆÃd£Á ÀévÀÄÛUÀ¼À £ÁåAiÀÄAiÀÄÄvÀªÀiË®å ªÀµÀðzÀ D¢AiÀÄ°è

Interest income on plan assets 421.51 92.40 1.00 449.33 86.92 2.02

AiÉÆÃd£Á ÀévÀÄÛUÀ¼À ªÉÄð£À §rØ

Actual company contributions 909.52 455.56 45.00 642.47 0.32 325.00

PÀA¥À¤AiÀÄ ªÁ ÀÛªÀ PÁtÂPÉUÀ¼ÀÄ

Fund transferred from PLE to Gratuity 0.00 0.00 0.00 240.00 (240.00) 0.00

¦J¯ïE ¬ÄAzÀ UÁædÄå¬ÄnUɪÀUÁð¬Ä À ÁzÀ ªÉƧ®UÀÄ

Benefits paid (972.55) (61.35) (68.80) (1611.48) (169.34) (328.38)

¥ÁªÀw À ÁzÀ ¸Ë® sÀåUÀ¼ÀÄ

Actuarial (Gain)/Loss 35.69 (12.64) 0.39 26.13 0.62 (0.20)

«ªÀiÁ UÀtPÀ (¯Á sÀ)/£ÀµÀÖ

Fair value of plan assets, end of period 6121.79 1443.48 2.95 5727.62 969.51 25.26

ªÁåSÁå¤ À ÁzÀ zÁ¬ÄvÀéUÀ¼ÀÄ-ªÀµÁðAvÀåzÀ°è

C Amounts in Balance Sheet at period end

¹Üw «ªÀgÀuÁ ¥ÀnÖAiÀÄ°è CªÀ¢üAiÀÄ CAvÀåzÀ°è£ÀªÉƧ®UÀÄ

Defined benefit obligation - 1757.00 -- -- 1423.71 --

ªÁåSÁå¤ À ÁzÀ ¸Ë® sÀåUÀ¼À zÁ¬ÄvÀéUÀ¼ÀÄ

Fair value of plant assets - 1443.48 -- -- 969.51 --

AiÉÆÃd£Á ÀévÀÄÛUÀ¼À £ÁåAiÀÄAiÀÄÄvÀ ªÀiË®å

(Asset)/Liability recognised in the

Balance Sheet - 313.52 -- -- 454.20 --

D¹Û/zÁ¬ÄvÀé, D¹Û ¹Üw«ªÀgÀuÁ ¥ÀnÖAiÀÄ°èvÉÆÃj¹gÀĪÀAvÉ

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

196

D Amount recognized in Statement of

Profit & Loss at period end

¯Á sÀ£ÀµÀÖzÀ vÀ¦ìð£À°è ¥ÀjUÀt À ÁzÀªÉÆvÀÛ-CªÀ¢üAiÀÄ CAvÀåzÀ°è

Service cost -- 148.92 -- -- 120.33 --

ÉêÁ ªÉZÀÑUÀ¼ÀÄ

Net interest cost -- 26.26 -- -- 19.61 --

¤ªÀé¼À §rØ ªÉZÀÑUÀ¼ÀÄ

Remeasurements -- 402.44 -- -- 224.15 --

¥ÀÄ£ÀªÀiÁð¥À£ÀUÀ¼ÀÄ

Total expenses/(Income) included in

“Employee benefit expenses” -- 577.62 -- -- 364.09 --

£ËPÀgÀ ¸Ë® sÀåUÀ¼ÀrAiÀÄ°è£À MlÄÖªÉZÀÑUÀ¼ÀÄ/(ªÀgÀªÀiÁ£À)

E Amount recognized in statement of

financial position at period end __

¹Üw «ªÀgÀuÁ ¥ÀnÖAiÀÄ°è ¥ÀjUÀt À ÁzÀªÉƧ®UÀÄ-CªÀ¢üAiÀÄ CAvÀåzÀ°è

Present value of funded defined benefit

obligation 9387.22 -- 2047.05 8940.53 -- 1884.68

ªÁåSÁå¤ À ÁzÀ ÀªÀ®vÀÄÛUÀ¼À ¥ÁªÀw¹zÀ¥Àæ ÀÄÛvÀ zÁ¬ÄvÀé ªÀiË®å

Fair value of plan assets 6121.79 -- 2.95 5727.62 -- 25.36

AiÉÆÃd£Á ÀévÀÄÛUÀ¼À £ÁåAiÀÄAiÀÄÄvÀªÁzÀ ªÀiË®å

Net defined benefit (Asset)/Liability

recognised in the statement of financial

position 3265.43 -- 2044.10 3212.91 -- 1859.32

DyðPÀ ¹Üw «ªÀgÀuÁ ¥ÀnÖAiÀÄ°è¥ÀjUÀt À ÁzÀ ¤ªÀé¼À ÀªÀ®vÀÄÛ (D¹Û)/zÁ¬ÄvÀé

F Net defined benefit cost/(income)

included in statement of Profit & Loss

at period end

¯Á sÀ £ÀµÀÖzÀ vÀ¦ìð£À°è ¥ÀjUÀt À ÁzÀ ¤ªÀé¼ÀÀªÀ®vÀÄÛ ªÉZÀÑUÀ¼ÀÄ/ªÀgÀªÀiÁ£À

THE HUTTI GOLD MINES COMPANY LIMITED

197

Service cost 573.48 -- 122.67 596.34 -- 115.44

ÉêÁ ªÉZÀÑ

Net interest cost 287.19 -- 149.22 318.27 -- 140.87

¤ªÀé¼À §rØ ªÉZÀÑ

Total defined benefit cost /(income)

included in Statement of Profit & Loss 860.67 -- 271.89 914.61 -- 256.31

¯Á sÀ £ÀµÀÖzÀ vÀ¦ìð£À°è ÉÃj À ÁVgÀĪÀMlÄÖ ªÁåSÁå¤ À ÁzÀ ÀªÀ®vÀÄÛ ªÉZÀÑUÀ¼ÀÄ/DzÁAiÀÄ

G Principal Actuarial Assumptions

¥ÀæªÀÄÄR «ªÀiÁUÀtPÀ HºÉUÀ¼ÀÄ

` Discount Rate 7.40% 7.40% 7.40% 7.92% 7.92% 7.92%

ÉÆÃr zÀgÀ

Mortality Rate``` IALM (2006-08) Ultimate IALM (2006-08) Ultimate

ªÀÄÈvÀÄå zÀgÀ

Salary escalation 7.00% 7.00% 7.00% 7.00% 7.00% 7.00%

ÀA§¼À KjPÉ

Expected rate of return on assets 7.40% 7.40% 7.40% 7.92% 7.92% 7.92%

ÀévÀÄÛUÀ¼À ªÉÄð£À ¤jÃQëvÀ DzÁAiÀÄ

* The benefits paid includes `262.72 lakhs (P.Y. `130.03 lakhs) settled by company.

* ¥ÁªÀw À ÁzÀ ÀªÀ®vÀÄÛUÀ¼À°è PÀA¥À¤AiÀÄÄ wÃgÀĪÀ½ ªÀiÁrzÀ 262.72 ®PÀë gÀÆ.UÀ¼ÀÆ (PÀ¼ÉzÀ ªÀµÀð 130.03 ®PÀë gÀÆ.UÀ¼ÀÄ)M¼ÀUÉÆArgÀÄvÀÛzÉ.

# E.S.S. stands for Employees Special Superannuation Scheme.

# EJ¸ïJ¸ï JAzÀgÉ £ËPÀgÀgÀ «±ÉõÀ ¤ªÀÈwÛ AiÉÆÃd£É

16. The amounts due to Micro and Small Enterprises as defined in the “The Micro, Small and Medium Enterprises

Development Act 2006” could not be ascertained as on 31.03.2017 due to non-availability of required information.

Further in the views of the Management, the impact of interest, if any, that may be payable in accordance with the

provisions of the Act is not expected to be material. The Company has not received any claim for interest from any

supplier as at the balance sheet date

ÀÆPÀëöä, ÀtÚ ªÀÄvÀÄÛ ªÀÄzsÀåªÀÄ GzÀåªÀÄUÀ¼À C©üªÀÈ¢Þ PÁ¬ÄzÉ 2006gÀrAiÀÄ°è, ÀÆPÀëöä ªÀÄvÀÄÛ ÀtÚ GzÀåªÀÄUÀ½UÉ 31-3-2017gÀAzÀĨÁQ EgÀĪÀ ªÉÆvÀÛªÀ£ÀÄß CªÀ±ÀåPÀ«gÀĪÀ ªÀiÁ»wUÀ¼ÀÄ ® sÀå«®èzÀ PÁgÀt, ¤zsÀðj À ÁV®è. ªÀÄÄAzÀĪÀgÉzÀAvÉ, CªÀÅUÀ½UÉ ¥ÁªÀw À ÉÃPÁzÀ§rØAiÀÄ ¥ÀjuÁªÀĪÀÅ, DqÀ½vÀªÀÄAqÀ½AiÀÄ vÀ£Àß C©ü¥ÁæAiÀÄzÀ°è UÀÄgÀÄvÀgÀªÁV®èªÉAzÀÄ ¤jÃQë ÀÄvÀÛzÉ. DyðPÀ ¹Üw «ªÀgÀuÁ¥ÀnÖAiÀÄ ¢£ÁAPÀzÀAzÀÄ AiÀiÁªÀÅzÉà ÀgÀ§gÁdÄzÁgÀjAzÀ §rØAiÉÄqÉUÉ AiÀiÁªÀÅzÉà PÉèöʪÀÄÄUÀ¼À£ÀÄß ¹éÃPÀj¹®è.

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

198

17. The Company has `54000 lakhs In fixed deposits in various banks on 31.03.2017. The details of these deposits

shown in financial statements are as under:

31-3-2017gÀAzÀÄ PÀA¥À¤AiÀÄÄ ««zsÀ ¨ÁåAPÀÄUÀ¼À°è 54000 ®PÀë gÀÆ.UÀ¼À£ÀÄß oÉêÀt EnÖzÉ. DyðPÀ ¹Üw «ªÀgÀuÁ ¥ÀnÖAiÀÄ°èvÉÆÃj À ÁzÀ «ªÀgÀUÀ¼ÀÄ PɼÀPÀAqÀAwªÉ.

Sl.No. Particulars Note No. Amount (` in lakhs)

PÀæªÀÄ «ªÀgÀUÀ¼ÀÄ n¥Ààt ªÉƧ®UÀÄÀA. ÀASÉå ®PÀë gÀÆ.UÀ¼À°è

1 Cash and cash equivalent (maturity less than 90 days) 11 9000.00

£ÀUÀzÀÄ ªÀÄvÀÄÛ £ÀUÀzÀÄ ÀªÀiÁ£ÁAvÀgÀ (90 ¢£ÀUÀ½VAvÀ PÀrªÉÄ CªÀ¢üAiÀÄ wÃgÀĪÀ½UÀqÀĪÀÅ EgÀĪÀªÀÅ)

2 Other bank balances (maturity less than one year) 12 21000.00

EvÀgÉà ¨ÁåAPï ²®ÄÌUÀ¼ÀÄ (MAzÀÄ ªÀµÀðQÌAvÀ PÀrªÉÄ CªÀ¢üAiÀÄ wÃgÀĪÀ½UÀqÀĪÀÅ EgÀĪÀªÀÅ)

3 Other financial assets – non-current assets (maturity more than one year) 7 24000.00

EvÀgÉà DyðPÀ D¹ÛUÀ¼ÀÄ-ZÁ°Û¬ÄgÀzÀ D¹ÛUÀ¼ÀÄ (MAzÀÄ ªÀµÀðQÌAvÀC¢üPÀ CªÀ¢üAiÀÄ wÃgÀĪÀ½ UÀqÀĪÀÅ EgÀĪÀªÀÅ)

18. Details of Specified Bank Notes (SBN) held and transacted during the period from 8th November 2016 to 30th

December 2016

8£Éà £ÀªÉA§gï jAzÀ 30£Éà r ÉA§gï 2016gÀªÀgÉUÉ ºÉÆA¢zÀÝ ªÀÄvÀÄÛ ªÀåªÀºÀj¹zÀ ¤¢ðµÀÖ ¥Àr¹zÀ ¨ÁåAPï £ÉÆÃlÄUÀ¼À«ªÀgÀUÀ¼ÀÄ :

` gÀÆ.UÀ¼ÀÄ

Particulars SBNs Other denomination Total

notes

«ªÀgÀUÀ¼ÀÄ ¤¢ðµÀÖ¥Àr À ÁzÀ EvÀgÉà ªÀUÀðzÀ MlÄÖ£ÉÆÃlÄUÀ¼ÀÄ £ÉÆÃlÄUÀ¼ÀÄ

Closing cash in hand as on 08.11.2016 1,27,500 1,55,205 2,82,705

8-11-2016gÀAzÀÄ PÉÊ£À°è EzÀÝ £ÀUÀ¢£À CAwªÀÄ ²®ÄÌ

Add:- Withdrawal from the Banks 15,01,000 15,01,000

PÀÆrj : ¨ÁåAPÀÄUÀ½AzÀ »AvÉUÉ¢zÀÄÝ

Add:- Permitted receipts 7,500 7,500

PÀÆrj : C£ÀĪÀÄw¹zÀ ¹éÃPÀÈwUÀ¼ÀÄ

THE HUTTI GOLD MINES COMPANY LIMITED

199

Less:- Permitted payments 33,500 14,58,430 14,91,930

PÀ¼É¬Äj : C£ÀĪÀÄw¹zÀ ¥ÁªÀwUÀ¼ÀÄ

Less:- Amount deposited in Banks 94,000 7,500 1,01,500

PÀ¼É¬Äj : ¨ÁåAPÀÄUÀ¼À°è EqÀ ÁzÀ oÉêÀtÂ

Closing cash in hand as on 30.12.2016 - 1,97,775 1,97,775

30-12-2016gÀAzÀÄ PÉÊAiÀÄ°è EzÀÝ £ÀUÀzÀÄ

19. Balance of sundry creditors, loans & advances, deposits paid are subject to confirmation and reconciliation if any.

««zsÀ ¸Á®UÁgÀgÀÄ, (creditors) ¸Á®UÀ¼ÀÄ ªÀÄvÀÄÛ ªÀÄÄAUÀqÀUÀ¼ÀÄ, oÉêÀtÂUÀ¼ÀÄ zÀÈrüÃPÀgÀt ªÀÄvÀÄÛ ºÉÆAzÁtÂPÉUÀ¼ÉãÁzÀgÀÆEzÀÝgÉ CªÀPÉÌ M¼À¥ÀnÖgÀÄvÀÛªÉ.

20. The Earnest Money/Security Deposits outstanding for more than five years and for which there are no expected

claims, have been estimated to be `2.86 lakhs ( P.Y `30.93lakhs ). These outstanding have been written back and

treated as income during the year. However if any claims arise/ settled subsequently, then such settlements will be

treated as expenses for the year during which the settlement would be made. The outstanding for which there

would be expected claims in future have been continued as the liabilities in the books.

UÀÄwÛUÉzÁgÀgÀÄ ªÀÄvÀÄÛ ÀgÀ§gÁdÄzÁgÀgÀÄ EnÖgÀĪÀ ªÀÄÄAUÀqÀ ºÀt/ sÀzÀævÁ oÉêÀt ºÀtªÀ£ÀÄß LzÀÄ ªÀµÀðUÀ½UÀÆ «ÄÃj ªÁ¥À ÀÄì¥ÀqÉAiÀÄzÉà ©nÖzÀÄÝ, CzÀÄ 2.86 ®PÀë gÀÆ.UÀ¼ÁVzÀÄÝ (PÀ¼ÉzÀ ªÀµÀð 30.93 ®PÀë gÀÆ.UÀ¼ÀÄ) CzÀ£ÀÄß PÀA¥À¤AiÀÄ DzÁAiÀÄPÉÌ ÉÃj¹,ªÀµÀðzÀ DzÁAiÀĪÉAzÀÄ ¥ÀjUÀt À ÁVzÉ. MAzÀÄ ªÉÃ¼É AiÀiÁgÁzÀgÀÆ ÉÃrPÉ À°è¹zÀ°è CzÀ£ÀÄß EvÀåxÀð¥Àr¹ CzÀ£ÀÄß DªÀµÀðzÀ ªÉZÀѪÀ£ÁßV ¥ÀjUÀt À ÁUÀĪÀÅzÀÄ. sÀ«µÀåzÀ°è ¤jÃQë À ÁUÀĪÀ PÉèêÀÄÄUÀ¼À ¨ÁQAiÉÄqÉUÉ ÉPÀÌ¥ÀÄ ÀÛPÀUÀ¼À°è zÁ¬ÄvÀéªÀ£ÀÄߪÀÄÄAzÀĪÀgɹPÉÆAqÀÄ ºÉÆÃUÀ ÁVzÉ.

21. The company recovers penalty and LD amounts from suppliers and contractors, as per terms of agreements /

purchase orders / work orders. Some of the suppliers / contractors have requested the company for refund of such

recoveries. Pending finalisation of issues / completion of works / projects, such recoveries have been shown as

liabilities. During the year `33.63 lakhs (P.Y. `17.93 lakhs) has been treated as penalty income. Refund of claims,

out of amounts transferred to revenue accounts, if any will be treated as revenue expenses, during the year of

payment.

ÀgÀ§gÁdÄzÁgÀgÀÄ ªÀÄvÀÄÛ UÀÄwÛUÉzÁgÀgÀÄUÀ½AzÀ dįÁä£É ªÀÄvÀÄÛ J¯ïr ªÉÆvÀÛUÀ¼À£ÀÄß, CªÀgÉÆA¢UÉ ªÀiÁrPÉÆAqÀ M¥ÀàAzÀUÀ¼À°è£ÀµÀgÀvÀÄÛUÀ¼À/Rjâ DzÉñÀUÀ¼À°è£À/PÁAiÀiÁðzÉñÀUÀ¼À°è£À µÀgÀvÀÄÛUÀ¼À£ÀÄß ¥ÀÆgÉÊ ÀzÀ PÁgÀtPÉÌ PÀA¥À¤AiÀÄÄ ªÀ ÀÆ®Ä ªÀiÁqÀÄvÀÛzÉ.PÉ®ªÀÅ UÀÄwÛUÉzÁgÀgÀÄ/ ÀgÀ§gÁdÄzÁgÀgÀÄ CAvÀºÀ ªÀ ÀÆ°UÀ¼À ªÀÄgÀÄ¥ÁªÀwUÉ PÀA¥À¤AiÀÄ£ÀÄß PÉÆÃjgÀÄvÁÛgÉ. «µÀAiÀÄUÀ¼À EvÀåxÀðªÀ£ÀÄߨÁQ¬ÄlÄÖ CAvÀºÀ «ªÁ¢vÀ ªÉÆvÀÛUÀ¼À£ÀÄß ºÉÆuÉUÁjPÉAiÀÄ°è vÉÆÃj À ÁVzÉ. ¥Àæ ÀPÀÛ ªÀµÀðzÀ°è 33.63 ®PÀë gÀÆ.UÀ¼À£ÀÄß (PÀ¼ÉzÀªÀµÀð 17.93 ®PÀë gÀÆ.UÀ¼ÀÄ) dįÁä£ÉUÀ½AzÀ §AzÀ DzÁAiÀĪÉAzÀÄ ¥ÀjUÀt À ÁVzÉ. gÉ«£ÀÆå ÉPÀÌUÀ½AzÀ AiÀiÁªÀÅzÁzÀgÀÆ

vÀUÁzÉ ªÀÄgÀÄ¥ÁªÀwUÀ¼À£ÀÄß ¥ÁªÀw ªÀiÁrzÀ ªÀµÀðzÀ°è gÉ«£ÀÆå ªÉZÀѪÉAzÀÄ ¥ÀjUÀt À ÁUÀĪÀÅzÀÄ.

22. In respect of Uti land acquisition case, as per the order of the Hon’ble Supreme court of India `352.37 lakhs was

provided in the books of accounts as on 31.3.2016, after adjusting for payments made as per LAO and balance

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

200

court deposit, pending assessment of final liability. During the year `356.14 lakhs has been settled, against the said

provision. Further `77.97 lakhs is paid during the month of June 2017, as per the order of revenue department and

provision for the same is made in the books of accounts as on 31.3.2017.

Gn sÀÆ ¸Áé¢üãÀ «µÀAiÀÄzÀ°è, sÀÆ ¸Áé¢üãÀ C¢üPÁjUÉ ¥ÁªÀw À ÁzÀ ªÉƧ®UÀÄ ªÀÄvÀÄÛ £ÁåAiÀiÁ®AiÀÄzÀ°è EqÀ ÁzÀoÉêÀtÂUÀ¼À£ÀÄß PÀ¼ÉzÀÄ, CAwªÀĪÁV ¤zsÀðj À ÉÃQgÀĪÀ zÁ¬ÄvÀéUÀ¼ÉqÉUÉ 31-3-2016 gÀAzÀÄ 352.37 ®PÀë gÀÆ.UÀ½UÁV, ÀªÉÇÃðZÀÒ£ÁåAiÀiÁAiÀÄzÀ DzÉñÀzÀAvÉ, K¥ÁðqÀ£ÀÄß ÉPÀÌ ¥ÀÄ ÀÛPÀUÀ¼À°è ªÀiÁqÀ ÁVvÀÄÛ. ¥Àæ ÀÄÛvÀ ªÀµÀðzÀ°è ªÉÄîÌAqÀ K¥ÁðqÀÄUÀ¼ÉqÉUÉ 356.14®PÀë gÀÆ.UÀ¼À£ÀÄß EvÀåxÀð¥Àr À ÁVzÉ. ªÀÄÄAzÀĪÀgÉzÀÄ, PÀAzÁAiÀÄ E¯ÁSÉAiÀÄ DzÉñÀzÀAvÉ 77.97 ®PÀë gÀÆ.UÀ¼À£ÀÄß dÆ£ï2017gÀ°è ¥ÁªÀw À ÁV CzÀPÉÌ 31-3-2017gÀA¢£À ÉPÀÌ ¥ÀÄ ÀÛPÀUÀ¼À°è K¥ÁðqÀ£ÀÄß ªÀiÁqÀ ÁVzÉ.

23. The company has deposited `411.64 lakhs with Land Acquisition Officer cum Assistant Commissioner, Lingsugur

for acquiring of 444.24 acres of land at Hutti – Kota Siwar village during April 2014. The Land Acquisition cum

Assistant Commissioner has handed over the acquired lands measuring 444.24 acres to company during November

2015, pending transferring of title deeds in the name of the company for remaining 28 acres, the amount deposited

`411.64 lakhs has been closed by capitalizing the amount as Land on 31.03.2017. The revaluation for this land is

not considered since the capitalization is taken place during current year and the payment of compensation for

acquisition of land is as per prevailing rates.

K¦æ ï 2014gÀ°è ºÀnÖ PÉÆÃmÁ ¹ªÁgÀ UÁæªÀÄzÀ°è 444.24 JPÀgÉ sÀƸÁé¢üãÀPÁÌV ÀºÁAiÀÄPÀ PÀ«ÄõÀ£Àgï ªÀÄvÀÄÛ sÀƸÁé¢üãÀC¢üPÁjUÀ¼ÀÄ °AUÀ ÀÄUÀÆgÀÄ CªÀgÀ°è PÀA¥À¤AiÀÄÄ 411.64 ®PÀë gÀÆ.UÀ¼À£ÀÄß oÉêÀt EnÖzÉ. CªÀgÀÄ £ÀªÉA§gï 2015gÀ°è 444.24JPÀgÉ sÀÆ«ÄAiÀÄ£ÀÄß PÀA¥À¤UÉ ºÀ ÁÛAvÀj¹zÀÄÝ, 28 JPÀgÉ sÀÆ«ÄAiÉÄqÉUÉ ºÀPÀÄÌ ¥ÀvÀæUÀ¼À£ÀÄß PÀA¥À¤AiÀÄ ºÉ ÀjUÉ ºÀ ÁÛAvÀj ÀĪÀÅzÀĨÁQ EgÀĪÀAvÉAiÉÄÃ, oÉêÀt EqÀ ÁzÀ 411.64 ®PÀë gÀÆ.UÀ¼À£ÀÄß sÀÆ«ÄAiÉÄqÉUÉ §AqÀªÁ½ÃPÀj¹, 31-3-2017gÀAzÀÄ, oÉêÀtÂÉPÀ̪À£ÀÄß ªÀÄÄPÁÛAiÀÄUÉƽ À ÁVzÉ. F sÀÆ«ÄAiÀÄ£ÀÄß ¥ÀÄ£ÀªÀiËð°åÃPÀgÀtUÉƽ¹®è, PÁgÀt sÀÆ«ÄAiÀÄ §AqÀªÁ½ÃPÀgÀtªÀ£ÀÄß F

ªÀµÀðzÀ°è ªÀiÁqÀ ÁVzÀÄÝ. ¥ÀjºÁgÀzÀ ªÉƧ®UÀ£ÀÄß ¥Àæ ÀÄÛvÀ zÀgÀzÀ DzsÁgÀzÀ°è ªÀiÁqÀ ÁVzÉ.

24. Claims made by retired employees / officers are pending at various Authorities and company has contested by

depositing amounts. Balance claims is about `0.65 lakhs (P.Y `1.08 lakhs) and company has the deposits of equal

amount with Authorities which are shown as advances / deposits.

¤ªÀÈwÛ ºÉÆA¢zÀ ¹§âA¢/C¢üPÁjUÀ¼ÀÄ À°è¹zÀ ÉÃrPÉUÀ¼ÀÄ (PÉèêÀÄÄUÀ¼ÀÄ) ««zsÀ C¢üPÁj/¥Áæ¢üPÁgÀUÀ¼À°è ÁQ EzÀÄÝ, PÀA¥À¤AiÀÄĺÀtªÀ£ÀÄß oÉêÀt¬ÄlÄÖ CªÀ£ÀÄß ¥Àæ²ß¹gÀÄvÀÛzÉ. ¨ÁQ¬ÄgÀĪÀ ÉÃrPÉUÀ¼ÀÄ 0.65 ®PÀë gÀÆ.UÀ¼ÁVzÀÄÝ (PÀ¼ÉzÀ ªÀµÀð 1.08 ®PÀëgÀÆ.UÀ¼ÀÄ) PÀA¥À¤AiÀÄ ÀªÀÄ ¥ÀæªÀiÁtzÀ ªÉÆvÀÛªÀ£ÀÄß ¥Áæ¢üPÁgÀUÀ¼ÉÆA¢UÉ oÉêÀt¬ÄnÖzÀÄÝ, CzÀ£ÀÄß ªÀÄÄAUÀqÀUÀ¼ÀÄ/oÉêÀtÂUÀ¼ÉAzÀÄvÉÆÃj¸À¯ÁVzÉ.

25. The figures for the previous year have been regrouped and rearranged wherever necessary.

»A¢£À ªÀµÀðzÀ CAQUÀ¼À£ÀÄß J Éè°è CªÀ±ÀåPÀ«zÉAiÉÆÃ, C®è°è ªÀÄgÀĪÀVÃðPÀj À ÁVzÉ ªÀÄvÀÄÛ ªÀÄgÀÄeÉÆÃr À ÁVzÉ.

26. Amounts have been rounded off to the nearest two decimal points of lakh of rupees.

ªÉƧ®UÀÄUÀ¼À£ÀÄß ºÀwÛgÀzÀ JgÀqÀÄ ÀASÉåAiÀÄ ®PÀë gÀÆ.UÀ½UÉ ¥ÀÆuÁðAPÀUÉƽ À ÁVzÉ.

THE HUTTI GOLD MINES COMPANY LIMITED

201

Opening Stock¥ÁægÀA©üPÀ zÁ ÀÛ£ÀÄ

Closing StockDSÉågÀÄ zÁ ÀÛ£ÀÄ

SalesªÀiÁgÁl

27. PRODUCTION, STOCKS AND SALES:GvÁàzÀ£É, zÁ¸ÁÛ£ÀÄUÀ¼ÀÄ ªÀÄvÀÄÛ ªÀiÁgÁlUÀ¼ÀÄ

Current Year ¥Àæ ÀÄÛvÀ ªÀµÀð Previous Year »A¢£À ªÀµÀð

Unit Hutti Chitradurga Total Hutti Chitradurga Total¥ÀjªÀiÁt ºÀnÖ avÀæzÀÄUÀð MlÄÖ ºÀnÖ avÀæzÀÄUÀð MlÄÖ

Quantitative Particulars¥ÀjªÀiÁuÁvÀäPÀ «ªÀgÀUÀ¼ÀÄ

Ore Tons 569087 - 569087 548247 - 548247C¢gÀÄ l£ïUÀ¼ÀÄ

Gold Grams 1579718.77 - 1579718.77 1309769.13 - 1309769.13a£Àß UÁæAUÀ¼ÀÄ

Silver Grams 169400.17 169400.17 121968.87 - 121968.87¨É½î UÁæAUÀ¼ÀÄ

WindEnergy KWH - 27727572 27727572 21434098 - 21434098ªÁAiÀÄÄ PÉqÀ§ÄèöåºÉZï«zÀÄåZÀÒQÛ

Gold Grams 855398.84 855398.84 959381.49 - 959381.49a£Àß UÁæAUÀ¼ÀÄ

Silver Grams 80417.91 80417.91 94012.74 - 94012.74¨É½î UÁæAUÀ¼ÀÄ

Gold Grams 1034781.72 1034781.72 855398.84 - 855398.84a£Àß UÁæAUÀ¼ÀÄ

Silver Grams 110740.08 110740.08 80417.91 - 80417.91¨É½î UÁæAUÀ¼ÀÄ

Gold Grams 1400435.62 1400435.62 1413752.06 - 1413752.06a£Àß UÁæAUÀ¼ÀÄ

Silver Grams 139078.00 139078.00 135563.70 - 135563.70¨É½î UÁæAUÀ¼ÀÄ

Wind Energy KWH - 27727572 27727572 21434098 - 21434098ªÁAiÀÄÄ PÉqÀ§ÄèöåºÉZï«zÀÄåZÀÒQÛ

Actual Production

ªÁ ÀÛ«PÀ GvÁàzÀ£É

MillingCgÉAiÀÄÄ«PÉ

Class ofGoods¸ÀgÀPÀÄUÀ¼ÀªÀUÀð

¢ ºÀnÖ a£ÀßzÀ UÀt PÀA¥À¤ ¤AiÀÄ«ÄvÀ

202

Opening Stock¥ÁægÀA©üPÀ zÁ ÀÛ£ÀÄ

Closing StockDSÉågÀÄ zÁ ÀÛ£ÀÄ

Sales(Net of excise duty)

ªÀiÁgÁl(C¨ÁÌj ÀÄAPÀzÀ ¤ªÀé¼À)

Class of Current Year ¥Àæ ÀÄÛvÀ ªÀµÀð Previous Year »A¢£À ªÀµÀð

Goods Hutti Chitradurga Total Hutti Chitradurga TotalÀgÀPÀÄUÀ¼À ªÀUÀð ºÀnÖ avÀæzÀÄUÀð MlÄÖ ºÀnÖ avÀæzÀÄUÀð MlÄÖ

Value Particulars ªÀiË°PÀ «ªÀgÀUÀ¼ÀÄGold 18865.60 18865.60 19478.57 19478.57a£Àß

Silver 26.21 26.21 34.89 34.89¨É½î

Gold 21346.78 21346.78 18865.60 18865.60a£Àß

Silver 42.94 42.94 26.21 26.21¨É½î

Gold 37972.92 37972.92 34168.72 34168.72a£Àß

Silver 53.93 53.93 44.19 44.19¨É½î

Wind Energy - 942.74 942.74 728.76 728.76

ªÁAiÀÄÄ «zÀÄåZÀÒQÛ

Notes 1 - 32 form part of the accounts1 -32 gÀªÀgÉV£À n¥ÀàtÂUÀ¼ÀÄ ¯ÉPÀÌ ¥ÀvÀæUÀ¼À C«¨sÁdå CAUÀªÁVgÀÄvÀÛªÉ.

(Rs. In lakhs gÀÆ. ®PÀëUÀ¼À°è)

SalesªÀiÁgÁl

To be read with our report of even date.For Nath AssociatesChartered AccountantsICAI Firm Reg.No 002426S

Sd/-(B.S.MANJUNATH)PARTNERMEMBERSHIP NO.009743

Place : BangaloreDated : 10-11-2017

Sd/-(T.H.M KUMAR)Managing Director

DIN: 07051988

Sd/-(B.R.YAVAGAL)

Chairman DIN: 07977150

For and on behalf of the Board

EzÉà ¢£ÁAPÀzÀ £ÀªÀÄä ªÀgÀ¢AiÉÆA¢UÉ NzÀvÀPÀÌzÀÄÝ.£Áxï D ÉÆùAiÉÄÃmïìgÀªÀgÀ ¥ÀgÀªÁVbÁlðqïð CPËAmÉAmïìL¹JL ¥sÀªÀiïð £ÉÆÃA. ¸ÀA : 002426J¸ï

À»/-(©.J¸ï. ªÀÄAdÄ£Áxï)ªÀiÁ°ÃPÀgÀÄÀzÀ ÀåvÀé ÀA: 009743

ÀܼÀ : ÉAUÀ¼ÀÆgÀÄ¢£ÁAPÀ : 10-11-2017

À»/-(©.Dgï. AiÀiÁªÀUÁ¯ï)

CzsÀåPÀëgÀÄ rLJ£ï : 07977150

À»/-(n.JZï.JA. PÀĪÀiÁgï)ªÀåªÀ ÁÜ¥ÀPÀ ¤zÉðñÀPÀgÀÄrLJ£ï : 07051988

ªÀÄAqÀ½AiÀÄ ¥ÀgÀªÁV