cambridge university press india private limited

Cambridge University Press India Private LimitedStandalone Balance Sheet for period 01/04/2013 to 31/03/2014

[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR01/04/2013

to 31/03/2014

01/04/2012 to

31/03/2013

Name of company Cambridge University P ress Ind ia P r iva te Limited

Corporate identity number U22122DL2004PTC124758

Permanent account number of entity AAACF7926R

Address of registered office of company 4381/4,Ansari Road , Darya Ganj , New Delhi , DELHI , INDIA - 110002

Type of industry C o m m e r c i a l a n d Industrial

Date of board meeting when final accounts were approved 20/09/2014

Date of start of reporting period 01/04/2013 01/04/2012

Date of end of reporting period 31/03/2014 31/03/2013

Nature of report standalone consolidated Standalone

Content of report Balance Sheet

Description of presentation currency INR

Level of rounding used in financial statements Actual

Type of cash flow statement Indirect Method

SRN of form 66 Q34380501

[400400] Disclosures - Directors report

Details of directors signing board report [Table] ..(1)

Unless otherwise specified, all monetary values are in INRDirectors signing board report [Axis] 1

01/04/2013 to

31/03/2014 Details of signatories of board report [Abstract] Details of directors signing board report [LineItems] Name of director signing board report [Abstract] First name of director Johanna

Middle name of director Maria

Last name of director Pieterse

Designation of director Director

Director identification number of director 05183117

Date of signing board report 20/09/2014

2

Cambridge University Press India Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014


to 31/03/2014

Disclosure in board of directors report explanatory [TextBlock] Textual information (1) [See below]

Description of state of companies affair Textual information (2) [See below]

Disclosure relating to amounts transferred to reserves

Your Directors have not recommended any dividend for the f inancial year 2013-14

Disclosures relating to dividends

Your Directors have not recommended any dividend for the f inancial year 2013-14

Details regarding energy conservation

In the opinion of the Board o t h e r d e t a i l s w i t h respect to conservation of energy and technology a b s o r p t i o n a r e n o t applicable as our company is not a manufacturing company.

Details regarding technology absorption

In the opinion of the Board o t h e r d e t a i l s w i t h respect to conservation of energy and technology a b s o r p t i o n a r e n o t applicable as our company is not a manufacturing company

Details regarding foreign exchange earnings and outgo Textual information (3) [See below]

Details of material changes occurred during period affecting company?s business operations

NO COMMENTS

Details regarding research and development NO COMMENTS

Particulars of employees as per provisions of section 217 Textual information (4) [See below]

Disclosures in director?s responsibility statement Textual information (5) [See below]

Director's comments on qualification(s), reservation(s) or adverse remark(s) of auditors as per board's report

Textual information (6) [See below]

Quantitative information in respect of licensed installed capacities NO COMMENTS

Expenditure on social development NO COMMENTS

Other details mentioned board report Textual information (7) [See below]

3


Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

DIRECTORS REPORT

To,

The Members,

Your Directors have pleasure in presenting the Annual report and the audited financial statements on the business and operations of theCompany for the financial year ended on 31 March 2014.st

FINANCIAL PERFORMANCE

(Figures in Rs.)

Particulars 2013-14 2012-13

Income from operations 1,040,550,258 895,221,622

Other Income 13,015,468 11,999,282

Total Income 1,053,565,726 907,220,904

Less: Expenditure 1,020,039,681 841,160,864

Profit before Tax 33,526,045 66,060,040

Less: Total Tax Expanses 11,587,911 23,666,630

Profit after Tax 21,938,134 42,393,410

Earnings per share (Basic & Diluted) 14.41 27.84

The performance of your Company for the year under review was satisfactory. The sales and other income have risen from Rs.9,072 lacs duringthe previous financial year to Rs. 10,535 lacs in the current financial year. The directors expect the Company to show much improvedperformance in the years to come.

DIVIDEND & RESERVES

Your Directors have not recommended any dividend for the financial year 2013-14.

DIRECTORS

Subsequent to the financial year ended on 31 March 2014, Mr. Peter Andrew Jestyn Phillips(DIN No.06852915 ) and Mr. Andrew PhilipstChandler(DIN No. 06852900) was co-opted on the Board of Directors of the Company as an Additional Director effective from 25 thMarch2014 and holds office up to the date of ensuing Annual General Meeting. The Board recommends their appointment as Directors in theensuing Annual General Meeting. Further, Mr. Govindan Talian Veedu, Mr. Anil Kumar Pandey, Mr. Simon Peter Ross. Mr. Mark Timothy

O Neil and Mr. Anthony Lund, Directors was resigned effective from 25 March2014. th

4


PARTICULARS OF EMPLOYEES

The information required as prescribed under Section 217 (2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees)Rules, 1975 is annexed herewith forming part of this report. However as per provisions of Section 219 (1) (b) (iv) of the Companies Act, 1956,only the report and accounts are being sent to all the shareholders excluding the statement of particulars of employees under Section 217 (2A) ofthe Act.

(i) Remuneration paid or payable to directors during the year 2013-2014

( In Lakhs)

S.No Name of theDirector

Designation Date ofappointment

Date ofresignation

Salary

& allowance

Commi-

-ssion

Total

Manas PratimSaikia

Ex-ManagingDirector

- 10-07-2013 2,242,707 - 2,242,707

Ratnesh KumarJha

ManagingDirector

17-12-2013 - 6,062,545 - 6,062,545

PUBLIC DEPOSITS

Your Company has neither invited nor accepted any deposits from the public during the year under review, within the provision of the section 58A of Companies Act 1956, read with Companies (acceptance of deposits) Rules, 1975

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION

In the opinion of the Board other details with respect to conservation of energy and technology absorption are not applicable as our companyis not a manufacturing company.

FOREIGN EXCHANGE EARNINGS & OUTGO

The information on foreign exchange earnings and outgo is as given below, as required to be disclosed to the Directors Report in accordance with the companies (Disclosure of particulars in the report of the Board of Directors) under Rules, 1988:

(Figures in Rs.)

Particulars 2013-14 2012-13

Earning in foreign Currency (on accrual basis)

Sales FOB Value 148,212,180 117,627,469

Management Fee 4,035,591 3,526,742

Commission 10,661,368 10,327,317

Royalty Income 425,297 289,482

5


Total 163,334,436 131,771,010

Expenditure in foreign currency(on accrual basis)

Finished Goods (Books) 213,610,707 208,668,447

Freight Inward

1,487,357 1,387,031

Exhibition Expenses

47,565 94,333

Legal & Professional Charges

- 6,275,380

Foreign Travel Expense

1,698,615 2,198,620

Conference Expenses

254,112 2,852

Total 217,098,356 218,626,663

DIRECTORS RESPONSIBILITY STATEMENT

To the best of their knowledge and belief and according to the information and explanations obtained by them, your directors make thefollowing statements in terms of section 217 (2AA) of the Companies Act, 1956:

1. That in preparation of the annual accounts for the financial year ended on 31 March 2014, the applicable accounting standards havestbeen followed.

2. That the Directors of your Company have selected such accounting policies and applied them consistently and made judgments andestimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financialyear.

3. That the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with theprovisions of the Companies Act 1956, for safeguarding of the assets of the Company and for preventing and detecting fraud and otherirregularities.

4. That the directors have prepared the annual accounts on a going concern basis.

STATUTORY AUDITORS

The Chairperson informed the Board that the Company has received a resignation letter from M/s. Price Waterhouse

6


& Co., Chartered Accountants, the statutory auditors of the Company requesting their resignation to be acceptedfrom the date of the letter. He then informed the Board that pursuant to section 139 (8) of the Companies Act, 2013the Board of directors can fill any casual vacancy so caused in the office of auditors, howsoever such appointment isrequired to be approved in a General Meeting of the Company within 3 months of appointment.

He further apprised the Board that the Company has received a consent letter from M/s Price Waterhouse CharteredAccountants LLP (FRN 012754N/N500016), Chartered Accountants that they are willing to be appointed as thestatutory auditors of the Company to fill the casual vacancy and have further informed that their appointment asauditors, if made, would be within the limits prescribed under provisions of Section 141 (3)(g) of the CompaniesAct, 2013 and that they are not disqualified for appointment. M/s Price Waterhouse Chartered Accountants LLP(FRN 012754N/N500016),, Chartered Accountants have also confirmed by way of a written consent and certificateas required under Section 139(1) of the Companies Act, 2013 that their appointment, if made, shall be in accordancewith the conditions prescribed in rule 4(1) of the Companies(Audit and Auditors) Rules, 2014

REPLY TO QUALIFICATIONS IN AUDITORS REPORT

Auditors have given the following qualifications in their Report for the financial year ended 31 March, 2013:st

Auditors Qualification

The Company will lay these accounts in the ensuing annual general meeting as the time limit prescribed under for adoption of the annual accountshas already lapsed. Accordingly the company would apply to the relevant authorities for condonation of delay.

Directors Comments on Auditors Qualifications

The directors wish to clarify that the Company would apply to the relevant authorities for condonation of delay after the annual accounts arereceived and adopted in the ensuing Annual General Meeting.

SECRETARIAL COMPLIANCE CERTIFICATE

The Secretarial Compliance Certificate pursuant to sub section (1) of Section 383A of the Companies Act, 1956 is annexed along with the

Boards Report.

ACKNOWLEDGEMENT

We wish to acknowledge the understanding, support and services of our staff and executives which has largely contributed to efficientoperations and management of the Company during the year under review. We also take this opportunity to express our deep sense ofgratitude to all our customers, suppliers, bankers and Government officials for their continuous guidance and support to the Company.

For and on behalf of the Board

For Cambridge University Press India Private Limited

Johanna Maria Pieterse

Director

DIN No.05183117

Address: 37 Milner Road, Tamboerskloof,

Cape Town, South Africa

PLACE: New Delhi

7


DATE: 20 September2014 th


Description of state of companies affairThe performance of your Company for the year under review was satisfactory. The sales and other income have risen from Rs.9,072 lacs duringthe previous financial year to Rs. 10,535 lacs in the current financial year. The directors expect the Company to show much improvedperformance in the years to come.


Details regarding foreign exchange earnings and outgoThe information on foreign exchange earnings and outgo is as given below, as required to be disclosed to the Directors Report in accordance withthe companies (Disclosure of particulars in the report of the Board of Directors) under Rules, 1988: (Figures in Rs.) Particulars2013-142012-13Earning in foreign Currency (on accrual basis) Sales FOB Value148,212,180117,627,469 Management Fee4,035,5913,526,742Commission10,661,36810,327,317 Royalty Income425,297289,482 Total163,334,436131,771,010 Expenditure in foreign currency(on accrualbasis) Finished Goods (Books)213,610,707208,668,447 Freight Inward 1,487,3571,387,031 Exhibition Expenses 47,56594,333 Legal &Professional Charges -6,275,380 Foreign Travel Expense 1,698,6152,198,620 Conference Expenses 254,1122,852 Total217,098,356218,626,663


Particulars of employees as per provisions of section 217The information required as prescribed under Section 217 (2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees)Rules, 1975 is annexed herewith forming part of this report. However as per provisions of Section 219 (1) (b) (iv) of the Companies Act, 1956,only the report and accounts are being sent to all the shareholders excluding the statement of particulars of employees under Section 217 (2A) ofthe Act. Remuneration paid or payable to directors during the year 2013-2014 ( In Lakhs) S.NoName of the Director DesignationDate ofappointment Date of resignationSalary & allowanceCommi- -ssionTotal 1.Manas Pratim Saikia Ex-Managing Director-10-07-20132,242,707-2,242,707 2.Ratnesh Kumar Jha Managing Director 17-12-2013 -6,062,545-6,062,545


Disclosures in director?s responsibility statementTo the best of their knowledge and belief and according to the information and explanations obtained by them, your directors make the followingstatements in terms of section 217 (2AA) of the Companies Act, 1956: 1. That in preparation of the annual accounts for the financial year endedon 31st March 2014, the applicable accounting standards have been followed. 2. That the Directors of your Company have selected suchaccounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give a true andfair view of the state of affairs of the Company at the end of the financial year. 3. That the Directors have taken proper and sufficient care for themaintenance of adequate accounting records in accordance with the provisions of the Companies Act 1956, for safeguarding of the assets of theCompany and for preventing and detecting fraud and other irregularities. That the directors have prepared the annual accounts on a going concernbasis


Director's comments on qualification(s), reservation(s) or adverse remark(s) of auditors as per board's reportAuditors have given the following qualifications in their Report for the financial year ended 31st March, 2013: Auditor?s Qualification TheCompany will lay these accounts in the ensuing annual general meeting as the time limit prescribed under for adoption of the annual accounts hasalready lapsed. Accordingly the company would apply to the relevant authorities for condonation of delay. Director?s Comments on Auditor?sQualifications The directors wish to clarify that the Company would apply to the relevant authorities for condonation of delay after the annualaccounts are received and adopted in the ensuing Annual General Meeting.

8



Other details mentioned board reportDIRECTORS Subsequent to the financial year ended on 31st March 2014, Mr. Peter Andrew Jestyn Phillips(DIN No.06852915 ) and Mr.Andrew Philip Chandler(DIN No. 06852900) was co-opted on the Board of Directors of the Company as an Additional Director effective from25th March2014 and holds office up to the date of ensuing Annual General Meeting. The Board recommends their appointment as Directors in theensuing Annual General Meeting. Further, Mr. Govindan Talian Veedu, Mr. Anil Kumar Pandey, Mr. Simon Peter Ross. Mr. Mark Timothy ONeil and Mr. Anthony Lund, Directors was resigned effective from 25th March2014. PUBLIC DEPOSITS Your Company has neither invited noraccepted any deposits from the public during the year under review, within the provision of the section 58A of Companies Act 1956, read withCompanies (acceptance of deposits) Rules, 1975 STATUTORY AUDITORS The Chairperson informed the Board that the Company has receiveda resignation letter from M/s. Price Waterhouse & Co., Chartered Accountants, the statutory auditors of the Company requesting their resignationto be accepted from the date of the letter. He then informed the Board that pursuant to section 139 (8) of the Companies Act, 2013 the Board ofdirectors can fill any casual vacancy so caused in the office of auditors, howsoever such appointment is required to be approved in a GeneralMeeting of the Company within 3 months of appointment. He further apprised the Board that the Company has received a consent letter from M/sPrice Waterhouse Chartered Accountants LLP (FRN 012754N/N500016), Chartered Accountants that they are willing to be appointed as thestatutory auditors of the Company to fill the casual vacancy and have further informed that their appointment as auditors, if made, would bewithin the limits prescribed under provisions of Section 141 (3)(g) of the Companies Act, 2013 and that they are not disqualified for appointment.M/s Price Waterhouse Chartered Accountants LLP (FRN 012754N/N500016),, Chartered Accountants have also confirmed by way of a writtenconsent and certificate as required under Section 139(1) of the Companies Act, 2013 that their appointment, if made, shall be in accordance withthe conditions prescribed in rule 4(1) of the Companies(Audit and Auditors) Rules, 2014 SECRETARIAL COMPLIANCE CERTIFICATE TheSecretarial Compliance Certificate pursuant to sub section (1) of Section 383A of the Companies Act, 1956 is annexed along with the BoardsReport.

[400200] Disclosures - Auditors report

Details regarding auditors [Table] ..(1)

Unless otherwise specified, all monetary values are in INRAuditors [Axis] 1

01/04/2013 to

31/03/2014 Details regarding auditors [Abstract] Details regarding auditors [LineItems] Category of auditor Auditors firm

Name of audit firm Price Waterhouse

Name of auditor signing report A s h o kNarayanaswamy

Firms registration number of audit firm 050032S

Membership number of auditor 095665

Address of auditors

Building No.8,Tower B, 7Th &8Th FloorDlf CyberCity

Permanent account number of auditor or auditor's firm AAAFP8828M

SRN of form 23B S29662301

Date of signing audit report by auditors 20/09/2014

Date of signing of balance sheet by auditors 20/09/2014

9


Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)

Unless otherwise specified, all monetary values are in INR

Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis]Auditor's

favourable remark[Member]

Auditor'sunfavourable

remark [Member]

Clause notapplicable[Member]

01/04/2013 to

31/03/2014

01/04/2013 to

31/03/2014

01/04/2013 to

31/03/2014 Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Abstract] Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [LineItems]

Disclosure in auditors report relating to fixed assets

The Company ismaintaining properrecords showing fullparticulars, includingquantitative detailsand situation, offixed assets

Disclosure relating to quantitative details of fixed assets

The Company ismaintaining properrecords showing fullparticulars, includingquantitative detailsand situation, offixed assets

Disclosure relating to physical verification and material discrepancies of fixed assets

Textual information(8) [See below]

Disclosure relating to fixed assets disposed off

In our opinion, andaccording to theinformation andexplanations given tous, a substantial partof fixed assets hasnot been disposed ofby the Companyduring the year

Disclosure in auditors report relating to inventories

The inventoryexcluding stockswith third parties hasbeen physicallyverified by theManagement duringthe year.

Disclosure of physical verification of inventories at fixed intervals

In respect ofinventory lying withthird parties, thesehave substantiallybeen confirmed bythem. In our opinion,the frequency ofverification isreasonable

Disclosure of procedure followed for physical verification of inventories

In our opinion, theprocedures ofphysical verificationof inventoryfollowed by theManagement arereasonable andadequate in relationto the size of theCompany and thenature of itsbusiness.

Disclosure about maintenance of inventory records and material discrepancies


Disclosure in auditors report relating to loans Textual information(10) [See below]

Disclosure in auditors report relating to internal control system Textual information(11) [See below]

Disclosure in auditors report relating to contracts and arrangements under section 301 of companies act


Disclosure relating to presence of register for necessary transactions

NOT APPLICABLE

Disclosure relating to reasonability of transactions NO COMMENTS

10


Disclosure in auditors report relating to deposits accepted from public

. The Company hasnot accepted anydeposits from thepublic within themeaning of Sections58A and 58AA ofthe Act and the rulesframed there under.

Disclosure in auditors report relating to companies internal audit system

In our opinion, theCompany has aninternal audit systemcommensurate withits size and thenature of its business

Disclosure in auditors report relating to maintenance of cost records

The CentralGovernment of Indiahas not prescribedthe maintenance ofcost records underclause (d) ofsub-section (1) ofSection 209 of theAct for any of theproducts of theCompany. ix.

Disclosure in auditors report relating to statutory dues Textual information(13) [See below]

Disclosure relating to regularity in payment of undisputed statutory dues


Disclosure relating to disputed statutory dues Textual information(15) [See below]

Disclosure in auditors report relating to accumulated losses Textual information(16) [See below]

Disclosure in auditors report relating to default in repayment of financial dues


Disclosure in auditors report relating to loans and advances granted by way of pledge of shares debentures and other securities


Disclosure in auditors report relating to provisions under special statute


Disclosure in auditors report relating to adequacy of records maintained by share trading companies


Disclosure in auditors report relating to guarantee given Textual information(21) [See below]

Disclosure in auditors report relating to term loans used for purpose other than for purpose they were raised

The Company hasnot raised any termloans. Accordingly,the provisions ofClause 4(xvi) of theOrder are notapplicable to theCompany.

Disclosure in auditors report relating to nature and amount of fund raised for short-term has been used for long-term or vice versa


Disclosure in auditors report relating to preferential allotment of shares


Disclosure in auditors report relating to securities created against debentures issued


Disclosure in auditors report relating to purpose and end use of money raised through public issues

The Company hasnot raised any moneyby public issuesduring the year.Accordingly, theprovisions of Clause4(xx) of the Orderare not applicable tothe Company

Disclosure in auditors report relating to any material fraud reported during period


11



to 31/03/2014

Disclosure in auditor?s report explanatory [TextBlock] Textual information (26) [See below]

Whether companies auditors report order is applicable on company Yes

Whether auditors' report has been qualified or has any reservations or contains adverse remarks

Yes


Disclosure relating to physical verification and material discrepancies of fixed assetsThe fixed assets are physically verified by the Management according to a phased programme designed to cover all the items over a period ofthree years which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. Pursuant to the programme,a portion of the fixed assets has been physically verified by the Management during the year and no material discrepancies have been noticed onsuch verification


Disclosure about maintenance of inventory records and material discrepanciesOn the basis of our examination of the inventory records, in our opinion, the Company is maintaining proper records of inventory. Thediscrepancies noticed on physical verification of inventory as compared to book records were not material


Disclosure in auditors report relating to loansThe Company has not granted/ taken any loans, secured or unsecured, to/ from companies, firms or other parties covered in the registermaintained under Section 301 of the Act. Therefore, the provisions of Clause 4(iii)[(b),(c), (d), (f) and (g)] of the said Order are not applicable tothe Company.


Disclosure in auditors report relating to internal control systemIn our opinion and according to the information and explanations given to us except for weaknesses in internal controls in respect of maintenanceof appropriate documents and records evidencing Customer Orders and delivery in respect of sale of goods for which the Management is yet totake remedial measures, there is an adequate internal control system commensurate with the size of the Company and the nature of its business forthe purchase of inventories and fixed assets and for the sale of goods and services. Further, on the basis of our examination of the books andrecords of the Company, and according to the information and explanations given to us, except for the matters stated above, we have neither comeacross nor have been informed of any continuing failure to correct major weaknesses in the aforesaid internal control system.


Disclosure in auditors report relating to contracts and arrangements under section 301 of companies actAccording to the information and explanations given to us, we are of the opinion that the particulars of all contracts or arrangements that need tobe entered into the register maintained under section 301 of the Companies Act, 1956 have been so entered. In our opinion, and according to theinformation and explanations given to us, the transactions made in pursuance of such contracts or arrangements and exceeding the value ofRupees Five Lakhs in respect of any party during the year have been made at prices which are reasonable having regard to the prevailing marketprices at the relevant time.

12



Disclosure in auditors report relating to statutory duesAccording to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Company isgenerally regular in depositing undisputed statutory dues in respect of Service tax and Professional tax, though there has been a slight delay in afew cases, and is regular in depositing undisputed statutory dues, including provident fund, investor education and protection fund, employees?state insurance, sales tax, income tax, wealth tax, customs duty, excise duty and other material statutory dues, as applicable, with the appropriateauthorities.


Disclosure relating to regularity in payment of undisputed statutory duesAccording to the information and explanations given to us and the records of the Company examined by us, there are no dues of income-tax,sales-tax, wealth-tax, service-tax, customs duty, and excise duty which have not been deposited on account of any dispute


Disclosure relating to disputed statutory duesAccording to the information and explanations given to us and the records of the Company examined by us, there are no dues of income-tax,sales-tax, wealth-tax, service-tax, customs duty, and excise duty which have not been deposited on account of any dispute


Disclosure in auditors report relating to accumulated lossesThe Company has no accumulated losses as at the end of the financial year and it has not incurred any cash losses in the financial year ended onthat date or in the immediately preceding financial year.


Disclosure in auditors report relating to default in repayment of financial dues. According to the records of the Company examined by us and the information and explanation given to us, the Company has not defaulted inrepayment of dues to any financial institution or bank as at the balance sheet date. The Company has not issued any debentures.


Disclosure in auditors report relating to loans and advances granted by way of pledge of shares debentures and othersecurities

The Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other securities.Therefore, the provisions of Clause 4(xii) of the Order are not applicable to the Company.


Disclosure in auditors report relating to provisions under special statuteAs the provisions of any special statute applicable to chit fund/ nidhi/ mutual benefit fund/ societies are not applicable to the Company, theprovisions of Clause 4(xiii) of the Order are not applicable to the Company.

13



Disclosure in auditors report relating to adequacy of records maintained by share trading companiesIn our opinion, the Company is not dealing in or trading in shares, securities, debentures and other investments. Accordingly, the provisions ofClause 4(xiv) of the Order are not applicable to the Company


Disclosure in auditors report relating to guarantee givenIn our opinion, and according to the information and explanations given to us, the Company has not given any guarantee for loans taken by othersfrom banks or financial institutions during the year. Accordingly, the provisions of Clause 4(xv) of the Order are not applicable to the Company.


Disclosure in auditors report relating to nature and amount of fund raised for short-term has been used for long-termor vice versa

According to the information and explanations given to us and on an overall examination of the balance sheet of the company, we report that theno funds raised on short-term basis have been used for long-term investment


Disclosure in auditors report relating to preferential allotment of sharesThe Company has not made any preferential allotment of shares to parties and companies covered in the register maintained under Section 301 ofthe Act during the year. Accordingly, the provisions of Clause 4(xviii) of the Order are not applicable to the Company


Disclosure in auditors report relating to securities created against debentures issuedCompany has not issued any debentures during the year and does not have any debentures outstanding as at the beginning of the year and at theyear end. Accordingly, the provisions of Clause 4(xix) of the Order are not applicable to the Company


Disclosure in auditors report relating to any material fraud reported during periodDuring the course of our examination of the books and records of the Company, carried out in accordance with the generally accepted auditingpractices in India, and according to the information and explanations given to us, we have neither come across any instance of material fraud onor by the Company, noticed or reported during the year, nor have we been informed of any such case by the Management.

14



Disclosure in auditor?s report explanatory [Text Block]INDEPENDENT AUDITORS REPORT

To the Members of Cambridge University Press India Private Limited

Report on the Financial Statements

1. We have audited the accompanying financial statements of Cambridge University Press India Private Limited (the Company),which comprise the Balance Sheet as at March 31, 2014, and the Statement of Profit and Loss and Cash Flow Statement for theyear then ended, and a summary of significant accounting policies and other explanatory information, which we have signed underreference to this report.

Managements Responsibility for the Financial Statements

The Companys Management is responsible for the preparation of these financial statements that give a true and fair view of thefinancial position, financial performance and cash flows of the Company in accordance with the Accounting Standards notifiedunder the Companies Act, 1956 (the Act) read with the General Circular 15/2013 dated September 13, 2013 of the Ministry ofCorporate Affairs in respect of Section 133 of the Companies Act, 2013. This responsibility includes the design, implementationand maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fairview and are free from material misstatement, whether due to fraud or error.

Auditors Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordancewith the Standards on Auditing and other applicable authoritative pronouncements issued by the Institute of Chartered Accountantsof India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonableassurance about whether the financial statements are free from material misstatement. An audit involves performing procedures toobtain audit evidence, about the amounts and disclosures in the financial statements. The procedures selected depend on theauditors judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraudor error. In making those risk assessments, the auditors consider internal control relevant to the Companys preparation and fairpresentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for thepurpose of expressing an opinion on the effectiveness of the entitys internal control. An audit also includes evaluating theappropriateness of accounting policies used and the reasonableness of the accounting estimates made by Management, as well asevaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficientand appropriate to provide a basis for our audit opinion.

Basis for Qualified Opinion

We draw attention to Note 36 to the financial statements, in respect of non-compliance with Section 210 of the Act as the financialstatements for the year ended March 31, 2013 were not laid before the shareholders in the Annual General Meeting within thestipulated time. Pending necessary approval from the Central Government/ relevant authorities, the consequent implication of such

non-compliance on the financial statements cannot be ascertained .

INDEPENDENT AUDITORS REPORT To the Members of Cambridge University Press India Private Limited Report on the FinancialStatements Page 2 of 3

Basis for Qualified Opinion

7. In our opinion, and to the best of our information and according to the explanations given to us, the accompanying financialstatements give the information required by the Act in the manner so required, and except for the matter referred to in paragraph 6

give a true and fair view in conformity with the accounting principles generally accepted in India:above,

(a) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2014;

(b) in the case of the Statement of Profit and Loss, of the profit for the year ended on that date; and

(c) in the case of the Cash Flow Statement, of the cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

15


8. As required by the Companies (Auditors Report) Order, 2003, as amended by the Companies (Auditors Report) (Amendment)Order, 2004, issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Act (hereinafter referredto as the Order), and on the basis of such checks of the books and records of the Company as we considered appropriate andaccording to the information and explanations given to us, we give in the Annexure a statement on the matters specified inparagraphs 4 and 5 of the Order.

9. As required by section 227(3) of the Act, we report that:

(a) We have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for thepurpose of our audit;

(b) In our opinion, proper books of account as required by law have beenexcept for the matter referred to in paragraph 6 above,kept by the Company so far as appears from our examination of those books;

(c) The Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with by this Report are in agreement with thebooks of account;

(d) In our opinion, the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with by this report comply withthe Accounting Standards notified under the Companies Act, 1956 read with the General Circular 15/2013 dated September 13,2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013;

(e) On the basis of written representations received from the directors as on March 31, 2014, and taken on record by the Board ofDirectors, none of the directors is disqualified as on March 31, 2014, from being appointed as a director in terms of clause (g) ofsub-section (1) of section 274 of the Act.

For Price Waterhouse & Co Firm Registration No. 050032S Chartered Accountants

Ashok Narayanaswamy Place: Gurgaon Partner Date: Membership Number: 095665

INDEPENDENT AUDITORS REPORT To the Members of Cambridge University Press India Private Limited Report on the FinancialStatements Page 3 of 3

Annexure to Auditors Report

Referred to in paragraph 8 of the Auditors Report of even date to the members of Cambridge University Press India PrivateLimited on the financial statements as of and for the year ended March 31, 2014 i.

(a) The Company is maintaining proper records showing full particulars, including quantitative details and situation, of fixedassets.

(b) The fixed assets are physically verified by the Management according to a phased programme designed to cover all the itemsover a period of three years which, in our opinion, is reasonable having regard to the size of the Company and the nature of itsassets. Pursuant to the programme, a portion of the fixed assets has been physically verified by the Management during the yearand no material discrepancies have been noticed on such verification.

(c) In our opinion, and according to the information and explanations given to us, a substantial part of fixed assets has not beendisposed of by the Company during the year.

ii. (a) The inventory excluding stocks with third parties has been physically verified by the Management during the year. In respect of inventory lying with third parties, these have substantially been confirmed by them. In our opinion, the frequency of verification

is reasonable.

(b) In our opinion, the procedures of physical verification of inventory followed by the Management are reasonable and adequatein relation to the size of the Company and the nature of its business. On the basis of our examination of the inventory records, inour opinion, the Company is maintaining proper records of inventory. The discrepancies noticed on physical verification ofinventory as compared to book records were not material.

iii. The Company has not granted/ taken any loans, secured or unsecured, to/ from companies, firms or other parties covered in theregister maintained under Section 301 of the Act. Therefore, the provisions of Clause 4(iii)[(b),(c), (d), (f) and (g)] of the saidOrder are not applicable to the Company.

iv. In our opinion and according to the information and explanations given to us except for weaknesses in internal controls inrespect of maintenance of appropriate documents and records evidencing Customer Orders and delivery in respect of sale of goods

, there is an adequate internal control system commensurate with thefor which the Management is yet to take remedial measuressize of the Company and the nature of its business for the purchase of inventories and fixed assets and for the sale of goods and

16


services. Further, on the basis of our examination of the books and records of the Company, and according to the information andexplanations given to us, we have neither come across nor have been informed of anyexcept for the matters stated above,continuing failure to correct major weaknesses in the aforesaid internal control system.

v (a) According to the information and explanations given to us, we are of the opinion that the particulars of all contracts orarrangements that need to be entered into the register maintained under section 301 of the Companies Act, 1956 have been soentered.

(b) In our opinion, and according to the information and explanations given to us, the transactions made in pursuance of suchcontracts or arrangements and exceeding the value of Rupees Five Lakhs in respect of any party during the year have been made atprices which are reasonable having regard to the prevailing market prices at the relevant time.

vi. The Company has not accepted any deposits from the public within the meaning of Sections 58A and 58AA of the Act and therules framed there under.

vii. In our opinion, the Company has an internal audit system commensurate with its size and the nature of its business.

viii. The Central Government of India has not prescribed the maintenance of cost records under clause (d) of sub-section (1) ofSection 209 of the Act for any of the products of the Company.

ix. (a) According to the information and explanations given to us and the records of the Company examined by us, in our opinion,the Company is generally regular in depositing undisputed statutory dues in respect of Service tax and Professional tax, thoughthere has been a slight delay in a few cases, and is regular in depositing undisputed statutory dues, including provident fund,investor education and protection fund, employees state insurance, sales tax, income tax, wealth tax, customs duty, excise duty andother material statutory dues, as applicable, with the appropriate authorities.

(b) According to the information and explanations given to us and the records of the Company examined by us, there are no duesof income-tax, sales-tax, wealth-tax, service-tax, customs duty, and excise duty which have not been deposited on account of anydispute.

x. The Company has no accumulated losses as at the end of the financial year and it has not incurred any cash losses in the financial year ended on that date or in the immediately preceding financial year .

xi. According to the records of the Company examined by us and the information and explanation given to us, the Company hasnot defaulted in repayment of dues to any financial institution or bank as at the balance sheet date. The Company has not issuedany debentures.

xii. The Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and othersecurities. Therefore, the provisions of Clause 4(xii) of the Order are not applicable to the Company.

xiii. As the provisions of any special statute applicable to chit fund/ nidhi/ mutual benefit fund/ societies are not applicable to theCompany, the provisions of Clause 4(xiii) of the Order are not applicable to the Company.

xiv. In our opinion, the Company is not dealing in or trading in shares, securities, debentures and other investments. Accordingly,the provisions of Clause 4(xiv) of the Order are not applicable to the Company.

xv. In our opinion, and according to the information and explanations given to us, the Company has not given any guarantee forloans taken by others from banks or financial institutions during the year. Accordingly, the provisions of Clause 4(xv) of the Orderare not applicable to the Company.

xvi. The Company has not raised any term loans. Accordingly, the provisions of Clause 4(xvi) of the Order are not applicable tothe Company.

xvii. According to the information and explanations given to us and on an overall examination of the balance sheet of thecompany, we report that the no funds raised on short-term basis have been used for long-term investment.

xviii. The Company has not made any preferential allotment of shares to parties and companies covered in the register maintainedunder Section 301 of the Act during the year. Accordingly, the provisions of Clause 4(xviii) of the Order are not applicable to theCompany.

xix. The Company has not issued any debentures during the year and does not have any debentures outstanding as at the beginningof the year and at the year end. Accordingly, the provisions of Clause 4(xix) of the Order are not applicable to the Company

xx. The Company has not raised any money by public issues during the year. Accordingly, the provisions of Clause 4(xx) of theOrder are not applicable to the Company.

17


xxi. During the course of our examination of the books and records of the Company, carried out in accordance with the generallyaccepted auditing practices in India, and according to the information and explanations given to us, we have neither come acrossany instance of material fraud on or by the Company, noticed or reported during the year, nor have we been informed of any suchcase by the Management.

For Price Waterhouse & Co. Firm Registration Number: 050032S

Chartered Accountants

Ashok NarayanaswamyPlace : Gurgaon Partner Date:20.09.2014 Membership Number 095665

[100100] Balance sheet

Unless otherwise specified, all monetary values are in INR31/03/2014 31/03/2013

Balance sheet [Abstract] Equity and liabilities [Abstract] Shareholders' funds [Abstract] Share capital 1,52,28,900 1,52,28,900

Reserves and surplus 37,46,48,692 35,27,10,558

Total shareholders' funds 38,98,77,592 36,79,39,458

Share application money pending allotment 0 0

Non-current liabilities [Abstract] Long-term borrowings 0 0

Other long-term liabilities 0 0

Long-term provisions 0 0

Total non-current liabilities 0 0

Current liabilities [Abstract] Short-term borrowings 2,29,27,808 2,71,96,565

Trade payables 44,79,12,036 39,77,70,916

Other current liabilities 7,51,18,062 5,84,12,390

Short-term provisions 4,27,60,695 2,70,66,384

Total current liabilities 58,87,18,601 51,04,46,255

Total equity and liabilities 97,85,96,193 87,83,85,713

Assets [Abstract] Non-current assets [Abstract] Fixed assets [Abstract] Tangible assets 6,05,36,228 6,30,58,009

Intangible assets 19,91,597 18,08,900

Total fixed assets 6,25,27,825 6,48,66,909

Non-current investments 1,10,980 1,10,980

Deferred tax assets (net) 2,94,05,757 1,59,93,669

Long-term loans and advances 1,14,18,895 1,08,61,897

Total non-current assets 10,34,63,457 9,18,33,455

Current assets [Abstract] Current investments 0 0

Inventories 26,90,99,810 28,60,64,634

Trade receivables 51,91,08,553 45,46,20,329

Cash and bank balances 4,52,82,275 2,62,71,721

Short-term loans and advances 4,16,42,098 1,95,95,574

Total current assets 87,51,32,736 78,65,52,258

Total assets 97,85,96,193 87,83,85,713

18


[400300] Disclosures - Signatories of balance sheet

Details of directors signing balance sheet [Table] ..(1)

Unless otherwise specified, all monetary values are in INRDirectors signing balance sheet [Axis] 1

01/04/2013 to

31/03/2014Details of signatories of balance sheet [Abstract] Details of directors signing balance sheet [Abstract] Details of directors signing balance sheet [LineItems] Name of director signing balance sheet [Abstract] First name of director Johanna

Middle name of director Maria

Last name of director Pieterse

Designation of director Director

Director identification number of director 05183117

Date of signing of balance sheet by director 20/09/2014

19


[100400] Cash flow statement, indirect


to 31/03/2014

01/04/2012 to

31/03/201331/03/2012

Statement of cash flows [Abstract] Cash flows from used in operating activities [Abstract] Profit before extraordinary items and tax 3,35,26,045 6,60,60,040

Adjustments for reconcile profit (loss) [Abstract] Adjustments to profit (loss) [Abstract] Adjustments for finance costs 10,65,156 9,84,468

Adjustments for depreciation and amortisation expense 1,25,65,986 1,72,21,070

Adjustments for unrealised foreign exchange losses gains 1,88,76,924 15,36,397

Other adjustments to reconcile profit (loss) (A) 1,65,87,900 (B) 82,08,586

Total adjustments to profit (loss) 4,90,95,966 2,79,50,521

Adjustments for working capital [Abstract] Adjustments for decrease (increase) in inventories 1,69,64,824 -9,43,00,102

Adjustments for decrease (increase) in trade receivables -8,28,36,378 -6,97,31,824

Adjustments for decrease (increase) in other current and non-current assets

-2,39,14,616 18,42,117

Adjustments for increase (decrease) in trade payables 2,50,95,972 11,48,20,482

Adjustments for increase (decrease) in other current and non-current liabilities

-6,20,105 -1,29,53,088

Adjustments for provisions 3,44,37,467 6,37,521

Total adjustments for working capital -3,08,72,836 -5,96,84,894

Total adjustments for reconcile profit (loss) 1,82,23,130 -3,17,34,373

Net cash flows from (used in) operations 5,17,49,175 3,43,25,667

Income taxes (paid) refund 1,95,04,566 2,76,61,756

Net cash flows from (used in) operating activities before extraordinary items

3,22,44,609 66,63,911

Net cash flows from (used in) operating activities 3,22,44,609 66,63,911

Cash flows from used in investing activities [Abstract] Proceeds from sales of tangible assets 27,06,853 3,31,894

Purchase of tangible assets 1,22,08,973 1,58,03,861

Interest received 7,31,640 10,26,300

Net cash flows from (used in) investing activities before extraordinary items

-87,70,480 -1,44,45,667

Net cash flows from (used in) investing activities -87,70,480 -1,44,45,667

Cash flows from used in financing activities [Abstract] Proceeds from borrowings -42,68,757 83,63,699

Interest paid 3,03,744 9,84,468

Net cash flows from (used in) financing activities before extraordinary items

-45,72,501 73,79,231

Net cash flows from (used in) financing activities -45,72,501 73,79,231

Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes

1,89,01,628 -4,02,525

Net increase (decrease) in cash and cash equivalents 1,89,01,628 -4,02,525

Cash and cash equivalents cash flow statement at end of period 4,52,82,275 2,62,71,721 2,58,69,196

Footnotes (A) Interest income : -731640 Profit on sale of fixed assets : -679634 Provision for bad and doubtful debts and advances : 20973453

Liability / provisions no longer required written back : -3397390 Prior period expenses/(Income) (Net) : 423111

(B) Interest income : -1026300 Profit on sale of fixed assets : -14452 Provision for bad and doubtful debts and advances : 7678720Liability / provisions no longer required written back : -2870619 Prior period expenses/(Income) (Net) : 4441237

20


[200100] Notes - Share capital

Disclosure of classes of share capital [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClasses of share capital [Axis] Share capital [Member] Equity shares [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of classes of share capital [Abstract] Disclosure of classes of share capital [LineItems] Number of shares authorised [shares] 50,00,000 [shares] 50,00,000 [shares] 50,00,000 [shares] 50,00,000

Value of shares authorised 5,00,00,000 5,00,00,000 5,00,00,000 5,00,00,000

Number of shares issued [shares] 15,22,890 [shares] 15,22,890 [shares] 15,22,890 [shares] 15,22,890

Value of shares issued 1,52,28,900 1,52,28,900 1,52,28,900 1,52,28,900

Number of shares subscribed and fully paid [shares] 15,22,890 [shares] 15,22,890 [shares] 15,22,890 [shares] 15,22,890

Value of shares subscribed and fully paid 1,52,28,900 1,52,28,900 1,52,28,900 1,52,28,900

Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0

Value of shares subscribed but not fully paid 0 0 0 0

Total number of shares subscribed [shares] 15,22,890 [shares] 15,22,890 [shares] 15,22,890 [shares] 15,22,890

Total value of shares subscribed 1,52,28,900 1,52,28,900 1,52,28,900 1,52,28,900

Value of shares paid-up [Abstract] Number of shares paid-up [shares] 15,22,890 [shares] 15,22,890 [shares] 15,22,890 [shares] 15,22,890

Value of shares called 1,52,28,900 1,52,28,900 1,52,28,900 1,52,28,900

Calls unpaid [Abstract] Calls unpaid by directors and officers [Abstract] Calls unpaid by directors 0 0 0 0

Calls unpaid by officers 0 0 0 0

Total calls unpaid by directors and officers

0 0 0 0

Calls unpaid by others 0 0 0 0

Total calls unpaid 0 0 0 0

Forfeited shares 0 0 0 0

Forfeited shares reissued 0 0 0 0

Value of shares paid-up 1,52,28,900 1,52,28,900 1,52,28,900 1,52,28,900

Reconciliation of number of shares outstanding [Abstract] Changes in number of shares outstanding [Abstract] Increase in number of shares outstanding [Abstract] Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares issued in private placement

[shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares issued as preferential allotment


Number of shares allotted for contracts without payment received in cash


Number of shares issued under scheme of amalgamation


Number of other issues of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares arising out of conversion of securities


Total aggregate number of shares issued during period


Decrease in number of shares during period [Abstract] Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0

Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0

21


Total decrease in number of shares during period


Total increase (decrease) in number of shares outstanding


Number of shares outstanding at end of period [shares] 15,22,890 [shares] 15,22,890 [shares] 15,22,890 [shares] 15,22,890

Reconciliation of value of shares outstanding [Abstract] Changes in share capital [Abstract] Increase in share capital during period [Abstract] Amount of public issue during period 0 0 0 0

Amount of bonus issue during period 0 0 0 0

Amount of rights issue during period 0 0 0 0

Amount of private placement issue during period

0 0 0 0

Amount of preferential allotment issue during period

0 0 0 0

Amount of issue allotted for contracts without payment received in cash during period

0 0 0 0

Amount of issue under scheme of amalgamation during period

0 0 0 0

Amount of other issues during period 0 0 0 0

Amount of issue arising out of conversion of securities during period

0 0 0 0

Total aggregate amount of increase in share capital during period

0 0 0 0

Decrease in share capital during period [Abstract] Decrease in amount of shares bought back 0 0 0 0

Other decrease in amount of shares 0 0 0 0

Total decrease in share capital during period

0 0 0 0

Total increase (decrease) in share capital 0 0 0 0

Share capital at end of period 1,52,28,900 1,52,28,900 1,52,28,900 1,52,28,900

Shares in company held by holding company or ultimate holding company or by its subsidiaries or associates [Abstract] Shares in company held by holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0

Shares in company held by ultimate holding company

[shares] 15,22,889 [shares] 11,42,168 [shares] 15,22,889 [shares] 11,42,168

Shares in company held by subsidiaries of its holding company


Shares in company held by subsidiaries of its ultimate holding company


Shares in company held by associates of its holding company


Shares in company held by associates of its ultimate holding company


Total shares in company held by holding company or ultimate holding company or by its subsidiaries or associates

[shares] 15,22,889 [shares] 11,42,168 [shares] 15,22,889 [shares] 11,42,168

Shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment


Amount of shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment

0 0 0 0

Aggregate number of fully paid-up shares issued pursuant to contracts without payment being received in cash


Aggregate number of fully paid-up shares issued by way of bonus shares


Aggregate number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0

Original paid-up value of forfeited shares 0 0 0 0

Details of application money received for allotment of securities and due for refund and interest accrued thereon [Abstract]

22


Application money received for allotment of securities and due for refund and interest accrued thereon [Abstract] Application money received for allotment of securities and due for refund, principal

789 789 0 0

Application money received for allotment of securities and due for refund, interest accrued

0 0 0 0

Total application money received for allotment of securities and due for refund and interest accrued thereon

789 789 0 0

Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0 [shares] 0

Share premium for shares to be allotted 0 0 0 0

23


Disclosure of classes of share capital [Table] ..(2)

Unless otherwise specified, all monetary values are in INRClasses of share capital [Axis] Equity shares 1 [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of classes of share capital [Abstract] Disclosure of classes of share capital [LineItems] Type of share Equity Equity

Number of shares authorised [shares] 50,00,000 [shares] 50,00,000

Value of shares authorised 5,00,00,000 5,00,00,000

Number of shares issued [shares] 15,22,890 [shares] 15,22,890

Value of shares issued 1,52,28,900 1,52,28,900

Number of shares subscribed and fully paid [shares] 15,22,890 [shares] 15,22,890

Value of shares subscribed and fully paid 1,52,28,900 1,52,28,900

Number of shares subscribed but not fully paid [shares] 0 [shares] 0

Value of shares subscribed but not fully paid 0 0

Total number of shares subscribed [shares] 15,22,890 [shares] 15,22,890

Total value of shares subscribed 1,52,28,900 1,52,28,900

Value of shares paid-up [Abstract] Number of shares paid-up [shares] 15,22,890 [shares] 15,22,890

Value of shares called 1,52,28,900 1,52,28,900

Calls unpaid [Abstract] Calls unpaid by directors and officers [Abstract] Calls unpaid by directors 0 0

Calls unpaid by officers 0 0

Total calls unpaid by directors and officers 0 0

Calls unpaid by others 0 0

Total calls unpaid 0 0

Forfeited shares 0 0

Forfeited shares reissued 0 0

Value of shares paid-up 1,52,28,900 1,52,28,900

Par value per share [INR/shares] 10 [INR/shares] 10

Details of shares not fully called [Abstract] Amount per share called [INR/shares] 10 [INR/shares] 0

Reconciliation of number of shares outstanding [Abstract] Changes in number of shares outstanding [Abstract] Increase in number of shares outstanding [Abstract] Number of shares issued in public offering [shares] 0 [shares] 0

Number of shares issued as bonus shares [shares] 0 [shares] 0

Number of shares issued as rights [shares] 0 [shares] 0

Number of shares issued in private placement [shares] 0 [shares] 0

Number of shares issued as preferential allotment [shares] 0 [shares] 0

Number of shares allotted for contracts without payment received in cash [shares] 0 [shares] 0

Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0

Number of other issues of shares [shares] 0 [shares] 0

Number of shares arising out of conversion of securities [shares] 0 [shares] 0

Total aggregate number of shares issued during period [shares] 0 [shares] 0

Decrease in number of shares during period [Abstract] Number of shares bought back [shares] 0 [shares] 0

Other decrease in number of shares [shares] 0 [shares] 0

Total decrease in number of shares during period [shares] 0 [shares] 0

Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0

Number of shares outstanding at end of period [shares] 15,22,890 [shares] 15,22,890

Reconciliation of value of shares outstanding [Abstract] Changes in share capital [Abstract] Increase in share capital during period [Abstract] Amount of public issue during period 0 0

Amount of bonus issue during period 0 0

Amount of rights issue during period 0 0

Amount of private placement issue during period 0 0

Amount of preferential allotment issue during period 0 0

24


Amount of issue allotted for contracts without payment received in cash during period

0 0

Amount of issue under scheme of amalgamation during period 0 0

Amount of other issues during period 0 0

Amount of issue arising out of conversion of securities during period 0 0

Total aggregate amount of increase in share capital during period 0 0

Decrease in share capital during period [Abstract] Decrease in amount of shares bought back 0 0

Other decrease in amount of shares 0 0

Total decrease in share capital during period 0 0

Total increase (decrease) in share capital 0 0

Share capital at end of period 1,52,28,900 1,52,28,900

Shares in company held by holding company or ultimate holding company or by its subsidiaries or associates [Abstract] Shares in company held by holding company [shares] 0 [shares] 0

Shares in company held by ultimate holding company [shares] 15,22,889 [shares] 11,42,168

Shares in company held by subsidiaries of its holding company [shares] 0 [shares] 0

Shares in company held by subsidiaries of its ultimate holding company [shares] 0 [shares] 0

Shares in company held by associates of its holding company [shares] 0 [shares] 0

Shares in company held by associates of its ultimate holding company [shares] 0 [shares] 0

Total shares in company held by holding company or ultimate holding company or by its subsidiaries or associates

[shares] 15,22,889 [shares] 11,42,168

Shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment

[shares] 0 [shares] 0

Amount of shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment

0 0

Aggregate number of fully paid-up shares issued pursuant to contracts without payment being received in cash

[shares] 0 [shares] 0

Aggregate number of fully paid-up shares issued by way of bonus shares [shares] 0 [shares] 0

Aggregate number of shares bought back [shares] 0 [shares] 0

Original paid-up value of forfeited shares 0 0

Details of application money received for allotment of securities and due for refund and interest accrued thereon [Abstract] Application money received for allotment of securities and due for refund and interest accrued thereon [Abstract] Application money received for allotment of securities and due for refund, principal

0 0

Application money received for allotment of securities and due for refund, interest accrued

0 0

Total application money received for allotment of securities and due for refund and interest accrued thereon

0 0

Number of shares proposed to be issued [shares] 0 [shares] 0

Share premium for shares to be allotted 0 0

Disclosure of shareholding more than five per cent in company [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClasses of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 1 [Member]

31/03/2014 31/03/201301/04/2013

to 31/03/2014

01/04/2012 to

31/03/2013 Disclosure of shareholding more than five per cent in company [Abstract] Disclosure of shareholding more than five per cent in company [LineItems] Type of share Equity Equity

Name of shareholder

CAMBRIDGEUNIVERSITYPRESS INDIAP R I V A T ELIMITED

CAMBRIDGEUNIVERSITYPRESS INDIAPRIVATE LIMITED

Country of incorporation or residence of shareholder

U N I T E DKINGDOM

UNITED KINGDOM

Number of shares held in company [shares] 15,22,889 [shares] 15,22,889 [shares] 15,22,889 [shares] 15,22,889

Percentage of shareholding in company 100.00% 100.00%

25



to 31/03/2014

01/04/2012 to

31/03/2013Disclosure of notes on share capital explanatory [TextBlock] Whether there are any shareholders holding more than five per cent shares in company

Yes Yes

Whether money raised from public offering during year No No

[200200] Notes - Reserves and surplus

Statement of changes in reserves [Table] ..(1)

Unless otherwise specified, all monetary values are in INRComponents of reserves [Axis] Reserves [Member] Securities premium account [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Statement of changes in reserves [Abstract] Statement of changes in reserves [LineItems] Changes in reserves [Abstract] Additions to reserves [Abstract] Profit (loss) for period 2,19,38,134 4,23,93,410

Total additions to reserves 2,19,38,134 4,23,93,410

Total changes in reserves 2,19,38,134 4,23,93,410 0 0

Reserves at end of period 37,46,48,692 35,27,10,558 19,98,70,311 19,98,70,311

Statement of changes in reserves [Table] ..(2)


Components of reserves [Axis] Securities premiumaccount [Member]

Surplus [Member]

31/03/201201/04/2013

to 31/03/2014

01/04/2012 to

31/03/201331/03/2012

Statement of changes in reserves [Abstract] Statement of changes in reserves [LineItems] Changes in reserves [Abstract] Additions to reserves [Abstract] Profit (loss) for period 2,19,38,134 4,23,93,410

Total additions to reserves 2,19,38,134 4,23,93,410

Total changes in reserves 2,19,38,134 4,23,93,410

Reserves at end of period 19,98,70,311 17,47,78,381 15,28,40,247 11,04,46,837

[200300] Notes - Borrowings

Classification of borrowings [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClassification based on time period [Axis] Short-term [Member]

Classification of borrowings [Axis] Borrowings [Member]Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]

31/03/2014 31/03/2013 31/03/2014 31/03/2013 Borrowings notes [Abstract] Details of borrowings [Abstract] Details of borrowings [LineItems] Borrowings 0 2,71,96,565 2,29,27,808 0

26


Classification of borrowings [Table] ..(2)


Classification of borrowings [Axis] Working capital loans from banks [Member]Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]

31/03/2014 31/03/2013 31/03/2014 31/03/2013 Borrowings notes [Abstract] Details of borrowings [Abstract] Details of borrowings [LineItems] Borrowings (A) 0 2,71,96,565 2,29,27,808 0

Footnotes (A) (a) Working Capital loans as at March 31, 2013 represented loan taken from Axis Bank on hypothecation of the entire current assets

of the Company, present and future. Collateral security was given by the Company over its entire movable fixed assets, present andfuture, except vehicles and equitable mortgage over the property of Plot No. 73, Shiravane, Sector 1, Nerul (E), Navi Mumbai owned bythe Company. The Company had also received an unconditional and irrevocable Standby Letter of Credit (SBLC) from Barclays BankPlc., UK for the entire amount owed to Axis Bank by the Company. The SBLC in Foreign Currency (GBP) amount was 100% of thecredit facility sanctioned by Axis Bank amount in INR and a cash margin of 11 Lacs. Personal guarantees was also given by Mr. ManasPratim Saikia, Managing Director, and Mr. Vinod Kumar Vasistha, Director, of the Company. This loan from Axis Bank has been repaidduring the year and charges have been discharged off subsequent to year end. (b) Working Capital loans as at March 31, 2014 representscash credit/overdraft facility from HSBC bank availed during the year, secured by corporate guarantee from Cambridge University Press(Holdings) Limited, UK.

27


[201000] Notes - Tangible assets

Disclosure of tangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Company total tangible assets [Member]

Sub classes of tangible assets [Axis] Owned and leased assets [Member]Carrying amount accumulated depreciation and gross

carrying amount [Axis]Carrying amount [Member] Gross carrying amount

[Member]Accumulated depreciation and

impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of tangible assets [Abstract] Disclosure of tangible assets [LineItems] Reconciliation of changes in tangible assets [Abstract] Changes in tangible assets [Abstract] Additions other than through business combinations tangible assets

1,10,93,035 1,55,07,231 1,10,93,035 1,55,07,231

Depreciation tangible assets -1,15,87,597 -1,61,51,579 1,15,87,597 1,61,51,579

Impairment loss recognised in profit or loss tangible assets

0 0 0 0

Reversal of impairment loss recognised in profit or loss tangible assets

0 0 0 0

Disposals tangible assets [Abstract] Disposals tangible assets, others

20,27,219 3,17,442 66,80,373 17,79,626 46,53,154 14,62,184

Total disposals tangible assets

20,27,219 3,17,442 66,80,373 17,79,626 46,53,154 14,62,184

Other adjustments tangible assets [Abstract] Other adjustments tangible assets, others

0 0 0 0

Total other adjustments tangible assets

0 0 0 0

Total changes in tangible assets

-25,21,781 -9,61,790 44,12,662 1,37,27,605 69,34,443 1,46,89,395

Tangible assets at end of period 6,05,36,228 6,30,58,009 13,23,33,751 12,79,21,089 7,17,97,523 6,48,63,080

28



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Company total tangible assets [Member]

Sub classes of tangible assets [Axis] Owned assets [Member]Carrying amount accumulated depreciation and gross



impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


1,10,93,035 1,55,07,231 1,10,93,035 1,55,07,231

Depreciation tangible assets -1,15,87,597 -1,61,51,579 1,15,87,597 1,61,51,579


0 0 0 0


0 0 0 0


20,27,219 3,17,442 66,80,373 17,79,626 46,53,154 14,62,184


20,27,219 3,17,442 66,80,373 17,79,626 46,53,154 14,62,184


0 0 0 0


0 0 0 0


-25,21,781 -9,61,790 44,12,662 1,37,27,605 69,34,443 1,46,89,395


29



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Buildings [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


0 0 0 0

Depreciation tangible assets -14,57,441 -15,34,146 14,57,441 15,34,146


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


-14,57,441 -15,34,146 0 0 14,57,441 15,34,146


30



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Buildings [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


-14,57,441 -15,34,146 0 0 14,57,441 15,34,146


31



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Furniture and fixtures [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


2,63,265 16,18,698 2,63,265 16,18,698



0 0 0 0


0 0 0 0


18,447 796 42,707 4,000 24,260 3,204


18,447 796 42,707 4,000 24,260 3,204


0 0 0 0


0 0 0 0


-4,01,112 10,67,604 2,20,558 16,14,698 6,21,670 5,47,094

Tangible assets at end of period 30,91,626 34,92,738 70,04,252 67,83,694 39,12,626 32,90,956

32



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Furniture and fixtures [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


2,63,265 16,18,698 2,63,265 16,18,698



0 0 0 0


0 0 0 0


18,447 796 42,707 4,000 24,260 3,204


18,447 796 42,707 4,000 24,260 3,204


0 0 0 0


0 0 0 0


-4,01,112 10,67,604 2,20,558 16,14,698 6,21,670 5,47,094

Tangible assets at end of period 30,91,626 34,92,738 70,04,252 67,83,694 39,12,626 32,90,956

33



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Vehicles [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


64,46,218 55,62,576 64,46,218 55,62,576



0 0 0 0


0 0 0 0


18,45,426 2,38,546 62,65,634 13,58,248 44,20,208 11,19,702


18,45,426 2,38,546 62,65,634 13,58,248 44,20,208 11,19,702


0 0 0 0


0 0 0 0


11,677 11,35,255 1,80,584 42,04,328 1,68,907 30,69,073


34



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Vehicles [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


64,46,218 55,62,576 64,46,218 55,62,576



0 0 0 0


0 0 0 0


18,45,426 2,38,546 62,65,634 13,58,248 44,20,208 11,19,702


18,45,426 2,38,546 62,65,634 13,58,248 44,20,208 11,19,702


0 0 0 0


0 0 0 0


11,677 11,35,255 1,80,584 42,04,328 1,68,907 30,69,073


35



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Office equipment [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


32,00,692 60,54,300 32,00,692 60,54,300



0 0 0 0


0 0 0 0


1,63,346 78,100 3,72,032 4,17,378 2,08,686 3,39,278


1,63,346 78,100 3,72,032 4,17,378 2,08,686 3,39,278


0 0 0 0


0 0 0 0


-7,67,256 22,54,911 28,28,660 56,36,922 35,95,916 33,82,011


36



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Office equipment [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


32,00,692 60,54,300 32,00,692 60,54,300



0 0 0 0


0 0 0 0


1,63,346 78,100 3,72,032 4,17,378 2,08,686 3,39,278


1,63,346 78,100 3,72,032 4,17,378 2,08,686 3,39,278


0 0 0 0


0 0 0 0


-7,67,256 22,54,911 28,28,660 56,36,922 35,95,916 33,82,011


37



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Computer equipments [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


20,96,668 32,01,466 20,96,668 32,01,466



0 0 0 0


0 0 0 0


0 15,417 0 2,34,464 0 2,19,047


0 15,417 0 2,34,464 0 2,19,047


0 0 0 0


0 0 0 0


-4,13,776 6,46,577 20,96,668 29,67,002 25,10,444 23,20,425

Tangible assets at end of period 49,13,791 53,27,567 2,09,33,811 1,88,37,143 1,60,20,020 1,35,09,576

38



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Computer equipments [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


20,96,668 32,01,466 20,96,668 32,01,466



0 0 0 0


0 0 0 0


0 15,417 0 2,34,464 0 2,19,047


0 15,417 0 2,34,464 0 2,19,047


0 0 0 0


0 0 0 0


-4,13,776 6,46,577 20,96,668 29,67,002 25,10,444 23,20,425


39



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Other equipments [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


11,04,024 28,52,834 11,04,024 28,52,834



0 0 0 0


0 0 0 0


1,63,346 62,683 3,72,032 1,82,914 2,08,686 1,20,231


1,63,346 62,683 3,72,032 1,82,914 2,08,686 1,20,231


0 0 0 0


0 0 0 0


-3,53,480 16,08,334 7,31,992 26,69,920 10,85,472 10,61,586

Tangible assets at end of period 82,68,053 86,21,533 1,53,81,550 1,46,49,558 71,13,497 60,28,025

40



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Other equipments [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


11,04,024 28,52,834 11,04,024 28,52,834



0 0 0 0


0 0 0 0


1,63,346 62,683 3,72,032 1,82,914 2,08,686 1,20,231


1,63,346 62,683 3,72,032 1,82,914 2,08,686 1,20,231


0 0 0 0


0 0 0 0


-3,53,480 16,08,334 7,31,992 26,69,920 10,85,472 10,61,586

Tangible assets at end of period 82,68,053 86,21,533 1,53,81,550 1,46,49,558 71,13,497 60,28,025

41



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Leasehold improvements [Member]




impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


11,82,860 22,71,657 11,82,860 22,71,657



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


92,351 -38,85,414 11,82,860 22,71,657 10,90,509 61,57,071


42







impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


11,82,860 22,71,657 11,82,860 22,71,657



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


92,351 -38,85,414 11,82,860 22,71,657 10,90,509 61,57,071


Disclosure of additional information tangible assets [Table] ..(1)


Classes of tangible assets [Axis] Company total tangible assets[Member]

Buildings [Member]

Sub classes of tangible assets [Axis] Owned and leased assets[Member]

Owned and leased assets[Member]

Owned assets [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of additional information tangible assets [Abstract] Disclosure of additional information tangible assets [LineItems]

Depreciation method tangible assets - - - -Written DownValue

Written DownValue

Useful lives or depreciation rates tangible assets

NA NA NA NA 5% 5%

43



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member]

Sub classes of tangible assets [Axis] Owned and leased assets[Member]

Owned assets [Member] Owned and leased assets[Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


Depreciation method tangible assets - -Written DownValue

Written DownValue

- -


NA NA 18.10% 18.10% NA NA



Classes of tangible assets [Axis] Vehicles [Member] Office equipment [Member] Computer equipments[Member]

Sub classes of tangible assets [Axis] Owned assets [Member] Owned and leased assets[Member]

Owned and leased assets[Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


Depreciation method tangible assets Written DownValue

Written DownValue

- - - -


25.89% 25.89% NA NA NA NA


Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Computer equipments [Member] Other equipments [Member]

Sub classes of tangible assets [Axis] Owned assets [Member] Owned and leased assets[Member]

Owned assets [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


Depreciation method tangible assets Written DownValue

Written DownValue

- -Written DownValue

Written DownValue


40% 40% NA NA 13.91% 13.91%



Sub classes of tangible assets [Axis] Owned and leased assets [Member] Owned assets [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


Depreciation method tangible assets - -Straight LineMethod

Straight Line Method

Useful lives or depreciation rates tangible assets NA NA 20.00% 20.00%

44



to 31/03/2014

Disclosure of notes on tangible assets explanatory [TextBlock] Textual information (27) [See below]


Disclosure of notes on tangible assets explanatory [Text Block]Tangible fixed assets are stated at cost, including any attributable cost for bringing the asset to its working condition for itsintended use, less accumulated depreciation. Cost includes original cost of acquisition, including taxes, duties, freight andother incidental expenses related to such acquisition and installation.Subsequent expenditures related to an item of fixed asset are added to its book value only if they increase the futurebenefits from the existing asset beyond its previously assessed standard of performance.Losses arising from the retirement of, and gains or losses arising from disposal of fixed assets which are carried at cost,are recognised in the Statement of Profit and Loss.Depreciation is provided on the written down value method from the date of acquisition on a pro-rata basis at the followingrates:-

Particulars DepreciationRate (%)

Buildings 5.00

Computers 40.00

Furniture and Fixtures 18.10

Office Equipment 13.91

Vehicles 25.89

45


[201100] Notes - Intangible assets

Disclosure of intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Company total intangible assets [Member]

Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]Carrying amount accumulated amortization and

impairment and gross carrying amount [Axis]Carrying amount [Member] Gross carrying amount

[Member]Accumulated amortization and

impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of intangible assets [Abstract] Disclosure of intangible assets [LineItems] Reconciliation of changes in intangible assets [Abstract] Changes in intangible assets [Abstract] Additions to intangible assets [Abstract] Additions other than through business combinations intangible assets

11,61,088 2,96,630 11,61,088 2,96,630

Total additions to intangible assets

11,61,088 2,96,630 11,61,088 2,96,630

Amortization intangible assets -9,78,391 -10,69,491 9,78,391 10,69,491

Impairment loss recognised in profit or loss intangible assets

0 0 0 0

Reversal of impairment loss recognised in profit or loss intangible assets

0 0 0 0

Disposals intangible assets [Abstract] Disposals intangible assets, others

0 0 0 0 0 0

Total disposals intangible assets

0 0 0 0 0 0

Other adjustments intangible assets [Abstract] Other adjustments intangible assets, others

0 0 0 0

Total other adjustments intangible assets

0 0 0 0

Total changes in intangible assets

1,82,697 -7,72,861 11,61,088 2,96,630 9,78,391 10,69,491

Intangible assets at end of period 19,91,597 18,08,900 68,23,168 56,62,080 48,31,571 38,53,180

46



Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Company total intangible assets [Member]

Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]Carrying amount accumulated amortization and



impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


11,61,088 2,96,630 11,61,088 2,96,630


11,61,088 2,96,630 11,61,088 2,96,630



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


1,82,697 -7,72,861 11,61,088 2,96,630 9,78,391 10,69,491


47



Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Computer software [Member]

Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]Carrying amount accumulated amortization and



impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


11,61,088 2,96,630 11,61,088 2,96,630


11,61,088 2,96,630 11,61,088 2,96,630



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


1,82,697 -7,72,861 11,61,088 2,96,630 9,78,391 10,69,491


48



Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Computer software [Member]

Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]Carrying amount accumulated amortization and



impairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


11,61,088 2,96,630 11,61,088 2,96,630


11,61,088 2,96,630 11,61,088 2,96,630



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


1,82,697 -7,72,861 11,61,088 2,96,630 9,78,391 10,69,491


Disclosure of additional information intangible assets [Table] ..(1)


Classes of intangible assets [Axis] Company total intangible assets[Member]

Computer software [Member]

Sub classes of intangible assets [Axis]Internally generated and other

than internally generatedintangible assets [Member]

Internally generated and otherthan internally generated

intangible assets [Member]

Intangible assets other thaninternally generated [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of additional information intangible assets [Abstract] Disclosure of additional information intangible assets [LineItems] Useful lives or amortization rates intangible assets

NA NA NA NA 3 Years 3 Years

Description of amortization method used

- - - -Straight LineMethod

Straight LineMethod

49



to 31/03/2014

Disclosure of notes on intangible assets explanatory [TextBlock] Textual information (28) [See below]


Disclosure of notes on intangible assets explanatory [Text Block]

Intangible Assets and Amortization

Intangible Assets are stated at acquisition cost, net of accumulated amortization and accumulated impairment losses, ifany. Intangible assets are amortised on a straight line basis over their estimated useful lives. A rebuttable presumption thatthe useful life of an intangible asset will not exceed ten years from the date when the asset is available for use isconsidered by the management. The amortisation period and the amortisation method are reviewed at least at eachfinancial year end. If the expected useful life of the asset is significantly different from previous estimates, the amortisationperiod is changed accordingly.Intangible assets consist of computer software which are stated at their original cost of acquisition including all relatedexpenses of acquisition and installation and are amortized on the straight-line basis from the date of purchase over anestimated useful life of 3 years.

[200400] Notes - Non-current investments

Details of non-current investments [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClassification of non-current investments [Axis] 1

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Non-current investments [Abstract] Disclosure of details of non-current investments [Abstract] Details of non-current investments [LineItems]

Type of non-current investments Investment insubsidiaries equityinstruments

Investment insubsidiaries equityinstruments

Class of non-current investments Other investments Other investments

Non-current investments 1,10,980 1,10,980

Name of body corporate in whom investment has been made FOUNDATIONe-Learning PrivateLimited

FOUNDATIONe-Learning PrivateLimited


Disclosure of notes on non-current investments explanatory [TextBlock] Aggregate amount of quoted non-current investments 0 0

Aggregate amount of unquoted non-current investments 1,10,980 1,10,980

Aggregate provision for diminution in value of non-current investments 0 0

50


[200600] Notes - Subclassification and notes on liabilities and assets

Classification of inventories [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClassification of inventories [Axis] Company total inventories [Member] Finished goods [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Subclassification and notes on liabilities and assets [Abstract] Inventories notes [Abstract] Inventories [Abstract] Classification of inventories [Abstract] Details of inventories [LineItems] Inventories 26,90,99,810 28,60,64,634 (A) 17,91,56,521 (B) 19,22,81,976

Mode of valuation Textual information(29) [See below]




Footnotes (A) Finished Goods - Own Publications Books : 179156521 '[Net of stock depreciation Rs 61,945,366 (March 31, 2013: Rs. 40,534,435)]

(B) Finished Goods - Own Publications Books : 192281976

Classification of inventories [Table] ..(2)

Unless otherwise specified, all monetary values are in INRClassification of inventories [Axis] Stock-in-trade [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Subclassification and notes on liabilities and assets [Abstract] Inventories notes [Abstract] Inventories [Abstract] Classification of inventories [Abstract] Details of inventories [LineItems] Inventories (A) 8,99,43,289 (B) 9,37,82,658

Mode of valuation Textual information(33) [See below]


Footnotes (A) Finished Goods - Traded Books (Includes In Transit Rs. 3,305,133 March 31, 2013: Rs. 1,981,363) : 89943289 '[Net of stock

depreciation Rs. 43,666,309 (March 31, 2013: Rs. 42,535,075)] * includes books lying with third party Rs. 20,809,178 (March 31, 2013:Rs. 39,960,530)

(B) Finished Goods - Traded Books (Includes In Transit Rs. 3,305,133 March 31, 2013: Rs. 1,981,363) : 93782658

51


Loans and advances [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClassification based on time period [Axis] Long-term [Member]Classification of loans and advances [Axis] Loans and advances [Member] Security deposits [Member]

Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]

31/03/2014 31/03/2013 31/03/2014 31/03/2013 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross 1,14,18,895 1,08,61,897 75,86,470 59,71,790

Allowance for bad and doubtful loans and advances

0 0 0 0

Loans and advances 1,14,18,895 1,08,61,897 75,86,470 59,71,790

Details of loans and advances due by directors, other officers or others [Abstract] Loans and advances due by directors 0 0 0 0

Loans and advances due by other officers 0 0 0 0

Details of loans and advances due by firms or companies in which any director is partner or director [Abstract] Loans and advances due by firms in which any director is partner

0 0 0 0

Total loans and advances due by firms or companies in which any director is partner or director

0 0 0 0


Unless otherwise specified, all monetary values are in INRClassification based on time period [Axis] Long-term [Member] Short-term [Member]

Classification of loans and advances [Axis] Loans advances given employees[Member]

Loans and advances [Member]


31/03/2014 31/03/2013 31/03/2014 31/03/2013 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross 38,32,425 48,90,107 4,16,42,098 1,95,95,574


0 0 0 0

Loans and advances 38,32,425 48,90,107 4,16,42,098 1,95,95,574




0 0 0 0


0 0 0 0

52




Classification of loans and advances [Axis] Loans and advances [Member] Loans and advances to related parties[Member]

Classification of assets based on security [Axis] Doubtful [Member] Unsecured considered good [Member]

31/03/2014 31/03/2013 31/03/2014 31/03/2013 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross 13,34,662 12,21,393 3,39,63,997 1,32,64,002


13,34,662 12,21,393 0 0

Loans and advances 0 0 3,39,63,997 1,32,64,002




0 0 0 0


0 0 0 0



Classification of loans and advances [Axis] Loans advances given other relatedparties [Member]

Loans advances given suppliers[Member]


31/03/2014 31/03/2013 31/03/2014 31/03/2013 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross 3,39,63,997 1,32,64,002 15,49,077 17,68,268


0 0 0 0

Loans and advances 3,39,63,997 1,32,64,002 15,49,077 17,68,268




0 0 0 0


0 0 0 0

53



Unless otherwise specified, all monetary values are in INRClassification based on time period [Axis] Short-term [Member]Classification of loans and advances [Axis] Loans advances given employees [Member]

Classification of assets based on security [Axis] Unsecured considered good [Member] Doubtful [Member]

31/03/2014 31/03/2013 31/03/2014 31/03/2013 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross 37,10,427 27,67,512 13,34,662 12,21,393


0 0 13,34,662 12,21,393

Loans and advances 37,10,427 27,67,512 0 0




0 0 0 0


0 0 0 0


Unless otherwise specified, all monetary values are in INRClassification based on time period [Axis] Short-term [Member]Classification of loans and advances [Axis] Other loans and advances [Member] Prepaid expenses [Member]


31/03/2014 31/03/2013 31/03/2014 31/03/2013 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross 24,18,597 17,95,792 18,71,172 17,56,317


0 0 0 0

Loans and advances 24,18,597 17,95,792 18,71,172 17,56,317




0 0 0 0


0 0 0 0

54




Classification of loans and advances [Axis] Other loans and advances, others[Member]

Classification of assets based on security [Axis] Unsecured considered good [Member]

31/03/2014 31/03/2013 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross 5,47,425 39,475

Allowance for bad and doubtful loans and advances 0 0

Loans and advances 5,47,425 39,475

Details of loans and advances due by directors, other officers or others [Abstract] Loans and advances due by directors 0 0

Loans and advances due by other officers 0 0

Details of loans and advances due by firms or companies in which any director is partner or director [Abstract] Loans and advances due by firms in which any director is partner 0 0


0 0

Subclassification of trade receivables [Table] ..(1)


Classification of assets based on security [Axis] Classification of assets based on security[Member]

Unsecured considered good [Member]

31/03/2014 31/03/2013 31/03/2014 31/03/2013 Subclassification and notes on liabilities and assets [Abstract] Trade receivables notes [Abstract] Trade receivables [Abstract] Subclassification of trade receivables [Abstract] Subclassification of trade receivables [LineItems] Breakup of trade receivables [Abstract] Trade receivables, gross 55,73,06,682 47,52,14,148 (A) 51,91,08,553 (B) 45,46,20,329

Allowance for bad and doubtful debts 3,81,98,129 2,05,93,819 0 0

Total trade receivables 51,91,08,553 45,46,20,329 51,91,08,553 45,46,20,329

Details of trade receivables due by directors, other officers or others [Abstract] Trade receivables due by directors 0 0

Trade receivables due by other officers 0 0

Details of trade receivables due by firms or companies in which any director is partner or director [Abstract] Total trade receivables due by firms or companies in which any director is partner or director

0 0

Footnotes (A) Outstanding for a period exceeding six months from the date they are due for payment : 76157219 Others : 442951334

(B) Outstanding for a period exceeding six months from the date they are due for payment : 54018272 Others : 400602057

55


Subclassification of trade receivables [Table] ..(2)

Unless otherwise specified, all monetary values are in INRClassification of assets based on security [Axis] Doubtful [Member]

31/03/2014 31/03/2013 Subclassification and notes on liabilities and assets [Abstract] Trade receivables notes [Abstract] Trade receivables [Abstract] Subclassification of trade receivables [Abstract] Subclassification of trade receivables [LineItems] Breakup of trade receivables [Abstract] Trade receivables, gross (A) 3,81,98,129 (B) 2,05,93,819

Allowance for bad and doubtful debts 3,81,98,129 2,05,93,819

Total trade receivables 0 0

Details of trade receivables due by directors, other officers or others [Abstract] Trade receivables due by directors 0 0

Trade receivables due by other officers 0 0

Details of trade receivables due by firms or companies in which any director is partner or director [Abstract] Total trade receivables due by firms or companies in which any director is partner or director

0 0

Footnotes (A) Outstanding for a period exceeding six months from the date they are due for payment : 38198129 Others : 0

(B) Outstanding for a period exceeding six months from the date they are due for payment : 20548463 Others : 45356

Disclosure of breakup of provisions [Table] ..(1)


31/03/2014 31/03/2013 Subclassification and notes on liabilities and assets [Abstract] Provisions notes [Abstract] Disclosure of breakup of provisions [Abstract] Disclosure of breakup of provisions [LineItems] Provisions [Abstract] Provisions for employee benefits [Abstract] Provision gratuity 18,32,794 0

Provision leave encashment 28,88,019 17,17,663

Total provisions for employee benefits 47,20,813 17,17,663

Provision for corporate tax [Abstract] Provision for current tax 69,51,933 7,27,192

Total provision for corporate tax 69,51,933 7,27,192

Other provisions (A) 3,10,87,949 (B) 2,46,21,529

Total provisions 4,27,60,695 2,70,66,384

Footnotes (A) Balance as at the beginning of the year : 24621529 Additions (net of utilisation) : 6466420

(B) Balance as at the beginning of the year : 19783443 Additions (net of utilisation) : 4838086

56



to 31/03/2014

01/04/2012 to

31/03/2013Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock] Trade payables, long-term 0 0

Total other long-term liabilities 0 0

Nature of other provisions

Provision for Sale Returns is a short term provisions. I ts classified under shrot term provisions

Provision for Sale Returns is a short term provisions. I ts classified under shrot term provisions

Interest accrued but not due on borrowings 0 0

Interest accrued and due on borrowings 0 0

Debentures claimed but not paid 0 0

Unpaid dividends 0 0

Unpaid matured deposits and interest accrued thereon 0 0

Unpaid matured debentures and interest accrued thereon 0 0

Public deposit payable, current 0 0

Total other payables, current 0 0

Advance received from customers 2,93,75,116 1,99,39,562

Accrued salary payable 2,97,07,582 2,09,42,496

Accrued payroll liabilities, other 1,60,34,575 1,75,29,543

Current liabilities portion of share application money pending allotment

0 0

Total other current liabilities 7,51,18,062 5,84,12,390

Aggregate amount of trade receivables outstanding for period exceeding six months

0 0

Fixed deposits with banks 0 0

Other deposits with banks (A) 14,09,005 (B) 13,00,079

Other balances with banks 3,29,00,405 1,79,92,283

Total balance with banks 3,43,09,410 1,92,92,362

Cheques, drafts on hand 1,03,68,929 62,81,617

Cash on hand 6,03,936 6,97,742

Total cash and cash equivalents 4,52,82,275 2,62,71,721

Total cash and bank balances 4,52,82,275 2,62,71,721

Total balances held with banks to extent held as margin money or security against borrowings, guarantees or other commitments

0 0

Bank deposits with more than twelve months maturity 0 0

Footnotes (A) -Demand deposits (with more than 3 months but less than 12 months maturity : 1409005

(B) -Demand deposits (with more than 3 months but less than 12 months maturity : 1300079


Mode of valuationInventories are stated at lower of cost and net realizable value. Cost is determined on a first-in, first-out (FIFO) method and is inclusive of freight,insurance and incidental expenses incurred in bringing goods to their present location and condition. Net realisable value is the estimated sellingprice in the ordinary course of business, less estimated costs of completion and the estimated costs necessary to make the sale. Obsolete and slowmoving inventories are appropriately written down. Cost of Wok in progress and Finished goods is inclusive of allocable manufacturingoverheads.



57










58


[200700] Notes - Additional disclosures on balance sheet


to 31/03/2014

01/04/2012 to

31/03/2013

Disclosure of additional balance sheet notes explanatory [TextBlock] Textual information (35) [See below]

Total contingent liabilities and commitments 0 0

Amount of dividends proposed to be distributed to equity shareholders 0 0

Amount of per share dividend proposed to be distributed to equity shareholders

[INR/shares] 0 [INR/shares] 0

Percentage of equity shares held up by foreign holdings 100.00%

Deposits accepted or renewed during period 0 0

Deposits matured and claimed but not paid during period 0 0

Deposits matured and claimed but not paid 0 0

Deposits matured but not claimed 0 0

Interest on deposits accrued and due but not paid 0 0

Share application money received during year 0 0

Share application money paid during year 0 0

Amount of share application money received back during year 0 0

Amount of share application money repaid returned back during year 0 0

Number of person share application money paid during year [pure] 0 [pure] 0

Number of person share application money received during year [pure] 0 [pure] 0

Number of person share application money paid as at end of year [pure] 0 [pure] 0

Number of person share application money received as at end of year [pure] 0 [pure] 0

Whether maintenance of cost records by company has been mandated under any cost accounting records rules notified under section 209(1)(d) of companies act,1956

No No

Unclaimed share application refund money 0 0

Unclaimed matured debentures 0 0

Unclaimed matured deposits 0 0

Interest unclaimed amount 0 0

59



Disclosure of additional balance sheet notes explanatory [Text Block]

Note 27: CIF Value of Imports

Particulars Year ended Year ended

'March 31, 2014 'March 31, 2013

Finished Goods (Books) 213,610,707 208,668,447

Total 213,610,707 208,668,447

Note 28: Earnings in foreign exchange (Accrual basis) Year ended Year ended

'March 31, 2014 'March 31, 2013

Sales (FOB Value) 148,212,180 117,627,469

Management Fees 4,035,591 3,526,742

Commission 10,661,368 10,327,317

Royalty Income 425,297 289,482

Total 163,334,436 131,771,010

60


Note 29: Expenditure in foreign currency (Accrualbasis)

Year ended Year ended

'March 31, 2014 'March 31, 2013

Freight Inward 1,487,357 1,387,031

Exhibition Expenses 47,565 94,333

Legal & Professional Charges - 6,275,380

Foreign Travel Expense 1,698,615 2,198,620

Conference Expenses 254,112 2,852

3,487,649 9,958,216

Note 30: Dividend remitted in foreign currency Year ended Year ended

'March 31, 2014 'March 31, 2013

Final Dividend (For Prior Year) - 20,896,253

Cambridge University Press (Holdings) Limited on1,142,168 Equity Shares

Total - 20,896,253

61


Note 31: Earnings per Share (EPS)

Profit after Tax available to Equity Share Holders (Rs.) 21,938,134 42,393,410

Weighted average Number of equity shares outstanding as atthe year end (Nos.) 1,522,890 1,522,890

Nominal Value of Equity Share 10 10

Basic and Diluted earnings per share (Rs.) 14.41 27.84

Note

:

31

The Company does not have any outstanding potentially diluted equity shares. Consequently, the basic and diluted EPS ofthe Company are the same.

Note 32: Lease Obligations

The company has taken office premises under operating lease. The terms of the leases include terms for renewal andincrease in rents in future periods etc. The total lease rentals recognized as an expense during the year under the leaseagreements amounts to Rs. 25,900,529 (March 31, 2013: Rs. 22,645,880). With respect to non cancellable operating leases,the amount of rent payable during the non cancellable period is as follows:


'March 31, 2014 'March 31, 2013

Not later than one year 2,402,724 2,060,232

Later than one year but not later than five years 2,360,664 4,619,388

Later than five years - -

62


Note 33

: The Company has appointed independent consultants for conducting a Transfer Pricing Study to determine whether

the international and specified domestic transactions with associate enterprises were undertaken at an arms length basis.

Adjustments, if any arising from the transfer pricing study are accounted for as and when the study is completed.

The management confirms that all international and specified domestic transactions with associate enterprises are undertaken

at negotiated contracted prices on usual commercial terms. The Transfer Pricing Study for the year ended March 31, 2013 has

been obtained and there are no adverse comments requiring adjustments in these financial statements.

Note 34:

In accordance with the requirements of Accounting Standard (AS) 18 Related Party Disclosures, the names of the

related parties where control exists or where the Company is able to exercise significant influence along with the aggregate

transactions and year end balances with them as identified and certified by the management are given below:

A. Name of related parties and description ofrelationship

I. Parties where control exists:

Name of the party Nature of relationship

Cambridge University Press (Holdings) Limited Holding Company

Cambridge University Press Syndicate Ultimate Holding Company

Foundation e-Learning Private Limited Subsidiary Company

II.

Other related parties with whom transactions have taken place during the year:

Name of the party Nature of relationship

Cambridge University Press (UK)

Cambridge University Press (Australia)

63


Fellow subsidiary Companies

Cambridge University Press (New York)

United Publishers Services Limited (Japan)

Cambridge University Press (South Africa)

Cambridge University Press (Singapore)

Cambridge University Press (Brazil)

Cambridge University Press (Panama)

Cambridge University Press (UAE)

Cambridge Assessments

Cambridge Hot Maths Pty Ltd.

CUP Global Shared Services

Viva Books Private Limited

Common Directors (till 28th June 2013)Techastra Solutions Private Limited

First English Education Institutes Private Limited

III. Key Management Personnel:

Name Designation

Manas Pratim Saikia Managing Director (till 28th June 2013)

Vinod Kumar Vasishat Director (till 28th June 2013)

Anil Kumar Pandey Director

Ratnesh Kumar Jha Managing Director (from 16th December2013)

IV. Relative of Key Management Personnel:

Name Designation

64


Dhruv Saikia Son of Manas Pratim Saikia

B. Transactions with related parties on arms length basis :


March 31, 2014 March 31, 2013

Purchase of Finished Goods/Services

From Fellow Subsidiaries

Cambridge University Press (UK) 102,806,968 81,838,280

Cambridge University Press (Australia) 414,827 289,123

Cambridge University Press (New York) 12,560,786 12,847,097

Cambridge University Press (South Africa) - -

Cambridge University Press (Singapore) - 59,729

Cambridge Hot Maths Pty. Ltd. 601 16,872

University of Cambridge Local Examination Syndicate 19,364,533 3,910,737

From Parties with Common Directors

Viva Books Private Limited 96,932 348,032

Techastra Solutions Private Limited 16,990 1,068,009

Sale of Finished Goods

To Fellow Subsidiaries


65




United Publishers Services Limited (Japan) 68,627 30,585

Cambridge University Press (South Africa) 4,675,388 7,621,145

Cambridge University Press (Singapore) 8,578,406 7,194,224

Cambridge University Press (Brazil) 322,871 414,342

Cambridge University Press (Panama) - -

Cambridge University Press (Dubai) 108,222 50,284

To Parties with Common Directors (till June 28, 2013)

First English Education Institutes Private Limited 1,440,185 2,655,951


Reimbursement of expenses to related parties


Cambridge University Press (UK) 27,090 232,816


Cambridge University Press Syndicate 1,324,030 273,885

CUP Global Shared Services 2,255,319 -

Reimbursement of expenses from related parties


Cambridge University Press (UK) 348,097 80,147

66


Cambridge University Press (Singapore) 47,005 -

Cambridge Assessments 42,943,126 31,141,140

Commission Income



Cambridge University Press (Singapore) - 475,055

Cambridge University Press (New York) - 55,545

Royalty Expense




Cambridge University Press (New York) - 551,991

Cambridge University Press (Singapore) 447,916 850,462

Commission paid

To Parties with Common Directors

Viva Books Private Limited - 995,849

Management Fees Income


67


Cambridge Assessment 4,035,591 3,526,742

Key management personnel

Rent paid

Manas Pratim Saikia 4,413,463 5,694,265

Vinod Kumar Vashishtha 3,224,237 4,567,294

Directors Remuneration

Manas Pratim Saikia 2,242,707 8,896,745

Vinod Kumar Vashishtha 700,575 2,802,300

Anil Kumar Pandey 4,016,810 2,982,827

Ratnesh Kumar Jha 6,062,545

Dhruv Saikia (Publishing Expenses) 27,090 41,130

C. Balances outstanding as at year end :

Particulars As at As at

March 31, 2014 March 31, 2013

Balance Payable:



68


Cambridge University Press (Australia) 1,295,644 1,077,809



Cambridge Hot Maths Pty Ltd 14,999 17,107

University of Cambridge Local ExaminationSyndicate

7,407,547 289,831

Cambridge University Press Syndicate 1,310,549 273,885

CUP Group Shared Services 1,283,970


Viva Books Private Limited 17,146 804

Techastra Solutions Private Limited 194,831 164,772

Accounts Receivable:





United Publishers Services Limited (Japan) 2,921 2,195

Cambridge University Press (South Africa) 1,811,135 6,284,531


Cambridge University Press (Brazil) 279,450 327,951

69


Cambridge University Press (Panama) - -

Cambridge University Press (Dubai) 144,217 35,995


First English Education Institutes Private Limited 3,691,340 1,034,084


Loans and advances receivable:

Cambridge International Examinations (CIE) 3,285,049 -

Cambridge Assessment 21,713,222 13,264,002

Cambridge English Language Assessment 3,336,563 -

Note 35: Segmental Reporting

The Company is primarily engaged in only one business segment - purchase / publishing and sales of educational and academicbooks. In addition, the geographical segment of the Company is not a reportable segment as per Accounting Standard 17- SegmentReporting. Hence, no further disclosure is required under the said Standard.

Note 36: Unhedged Foreign Currency Exposure

As at March 31, 2014 As at March 31, 2013

In ForeignCurrency

In Local Currency In ForeignCurrency

In Local Currency

Amounts Receivable

GBP 103,587

10,149,454

103,859

8,444,531

USD 1,509,872

88,702,012

1,546,779

83,443,376

70


Amounts Payable

GBP 2,390,918

242,593,170

1,586,588

132,321,452

USD 1,251,636

75,973,611

458,541

25,242,708

AUD 23,248

1,310,642

27,365

1,575,283

Note 36:

The Company could not lay its financial statements for the year ended March 31, 2013 before the shareholders in

the Annual General Meeting within the stipulated time limit. The Company is in the process of applying to the relevant authorities

for condonation of the delay.

Note 37:

Previous year figures have been reclassified to conform to this years classification.

[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates


to 31/03/2014

Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [TextBlock]

Textual information (36) [See below]

Disclosure of general information about company [TextBlock] Textual information (37) [See below]

Disclosure of accounting policies explanatory [TextBlock] Textual information (38) [See below]

71



Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]

Notes to the financial statements

(All amounts in Rupees unless otherwise stated)

General Information

Cambridge University Press India Private Limited (the ?Company?) is engaged primarily in publishing and trading of books. The Company hasseven branches and one sales office across India. The Company is a privately owned unlisted Company.

Summary of Significant Accounting Policies

Basis of preparation of accounts

These financial statements have been prepared in accordance with the generally accepted accounting principles in India under thehistorical cost convention on accrual basis. Pursuant to circular 15/2013 dated 13.09.2013 read with circular 08/2014 dated 04.04.2014,till the Standards of Accounting or any addendum thereto are prescribed by Central Government in consultation and recommendationof the National Financial Reporting Authority, the existing Accounting Standards notified under the Companies Act, 1956 shallcontinue to apply. Consequently, these financial statements have been prepared to comply in all material aspects with the accountingstandards notified under Section 211(3C) [ Companies (Accounting Standards) Rules, 2006, as amended] and other relevant provisionsof the Companies' Act, 1956.

All assets and liabilities have been classified as current or non-current as per the Company?s normal operating cycle and other criteriaset out in the Schedule VI to the Companies Act, 1956. Based on the nature of products and the time between the acquisition of assetsfor processing and their realisation in cash and cash equivalents, the Company has ascertained its operating cycle as 12 months for thepurpose of current and non current classification of assets and liabilities.

Tangible Fixed Assets

Tangible fixed assets are stated at cost, including any attributable cost for bringing the asset to its working condition for its intendeduse, less accumulated depreciation. Cost includes original cost of acquisition, including taxes, duties, freight and other incidentalexpenses related to such acquisition and installation.

Subsequent expenditures related to an item of fixed asset are added to its book value only if they increase the future benefits from theexisting asset beyond its previously assessed standard of performance.

Losses arising from the retirement of, and gains or losses arising from disposal of fixed assets which are carried at cost, are recognisedin the Statement of Profit and Loss.

Depreciation is provided on the written down value method from the date of acquisition on a pro-rata basis at the following rates:-


Buildings 5.00

Computers 40.00



Vehicles 25.89

The above rates are as per the rates prescribed in Schedule XIV to the Companies Act, 1956.

Leasehold improvements are amortized on a straight line method over the lease term.

72



Intangible Assets are stated at acquisition cost, net of accumulated amortization and accumulated impairment losses, if any. Intangibleassets are amortised on a straight line basis over their estimated useful lives. A rebuttable presumption that the useful life of anintangible asset will not exceed ten years from the date when the asset is available for use is considered by the management. Theamortisation period and the amortisation method are reviewed at least at each financial year end. If the expected useful life of the assetis significantly different from previous estimates, the amortisation period is changed accordingly.

Intangible assets consist of computer software which are stated at their original cost of acquisition including all related expenses ofacquisition and installation and are amortized on the straight-line basis from the date of purchase over an estimated useful life of 3years.

Inventories

Inventories are stated at lower of cost and net realizable value. Cost is determined on a first-in, first-out (FIFO) method and isinclusive of freight, insurance and incidental expenses incurred in bringing goods to their present location and condition. Net realisablevalue is the estimated selling price in the ordinary course of business, less estimated costs of completion and the estimated costsnecessary to make the sale. Obsolete and slow moving inventories are appropriately written down. Cost of Wok in progress andFinished goods is inclusive of allocable manufacturing overheads.

Revenue Recognition

Revenue from the sale of books is recognized on transfer of significant risks and rewards and title of ownership to the customer. Salesare shown net of returns and discounts.

Revenue from royalty, commission, claims and duty drawbacks are recognized only when the amount can be determined and there isreasonable certainty that ultimate collection will be made.

Interest on bank deposits is recognized on accrual basis.

Foreign Currency Transactions

Transactions denominated in foreign currencies are recorded at the exchange rates prevailing on the date of the transaction.

Monetary items denominated in foreign currencies at the year-end are translated at the exchange rates prevailing on the date of theBalance Sheet. Non-monetary items denominated in foreign currencies are carried at cost.

Any income or expense on account of exchange differences either on settlement or on translation of transactions is recognized in theStatement of Profit and Loss .

Investments

Investments that are readily realisable and are intended to be held for not more than one year from the date on which such investmentsare made, are classified as current investments. All other investments are classified as long term investments. Current investments arecarried at cost or fair value, whichever is lower. Long-term investments are carried at cost.

Employee Benefits

Provident Fund

Contribution towards provident fund and Employees State Insurance schemes for certain employees is made to the regulatoryauthorities, where the Company has no further obligations. Such benefits are classified as Defined Contribution Schemes as theCompany does not carry any further obligations, apart from the contributions made on a monthly basis. The Company's contributionsto the scheme are expensed in the Statement of Profit and Loss on an accruals basis.

Gratuity

The Company provides for gratuity, a defined benefit plan (the ?Gratuity Plan?) covering eligible employees in accordance with thePayment of Gratuity Act, 1972. The Gratuity Plan provides a lump sum payment to vested employees at retirement, death,incapacitation or termination of employment, of an amount based on the respective employee?s salary and the tenure of employment.The Company?s liability is actuarially determined (using the Projected Unit Credit method) at the end of each year. Actuariallosses/gains are recognised in the Statement of Profit and Loss in the year in which they arise. The Company funds the benefit throughannual contributions to Life Insurance Corporation of India (LIC) under its Group Gratuity Scheme.

Compensated Absences

All accumulated compensated absences outstanding as at the year end are compulsorily encashed and are treated as short termemployee benefits. The obligation towards the same is measured at the expected cost of accumulating compensated absences as theadditional amount expected to be paid as a result of the unused entitlement as at the year end.

73


Borrowing Costs

Borrowing costs that are directly attributable to the acquisition, construction or production of qualifying assets are capitalized till themonth in which the asset is put to use as part of the cost of that asset. Other borrowing costs are charged to the Statement of Profit andLoss.

Lease Rents

Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor are classified as operating leases.Payments made under operating leases are charged to the Statement of Profit and Loss on a straight-line basis over the period of thelease.

Current and deferred tax

Tax expense for the period, comprising current tax and deferred tax, are included in the determination of the net profit or loss for theperiod. Current tax is measured at the amount expected to be paid to the tax authorities in accordance with the prevailing taxation laws.

Deferred tax is recognised for all the timing differences, subject to the consideration of prudence in respect of deferred tax assets.Deferred tax assets are recognised and carried forward only to the extent that there is a reasonable certainty that sufficient futuretaxable income will be available against which such deferred tax assets can be realised. Deferred tax assets and liabilities are measuredusing the tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date. At each Balance Sheet date,the Company re-assesses unrecognised deferred tax assets, if any.

Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognised amounts andthere is an intention to settle the asset and the liability on a net basis. Deferred tax assets and deferred tax liabilities are offset whenthere is a legally enforceable right to set off assets against liabilities representing current tax and where the deferred tax assets and thedeferred tax liabilities relate to taxes on income levied by the same governing taxation laws.

Use of Estimates

The preparation of financial statements in conformity with Generally Accepted Accounting Principles requires the management tomake estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilitiesat the balance sheet date and the results of operations during the reporting period. Examples of such estimates include provision fordoubtful debts, estimated useful lives of the fixed assets, provision for sales returns etc. The actual results could differ from thoseestimates. Any revision to accounting estimates is recognized prospectively in current and future periods.

Provisions and Contingencies

Provisions

: Provisions are recognised when there is a present obligation as a result of a past event, it is probable that an outflow of resources embodyingeconomic benefits will be required to settle the obligation and there is a reliable estimate of the amount of the obligation. Provisions are measuredat the best estimate of the expenditure required to settle the present obligation at the Balance sheet date and are not discounted to its present value.

Contingent Liabilities

: Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only bythe occurrence or non occurrence of one or more uncertain future events not wholly within the control of the Company or a present obligation thatarises from past events where it is either not probable that an outflow of resources will be required to settle or a reliable estimate of the amountcannot be made, is termed as a contingent liability.

Provision for Sales Return

Provision for sales returns are estimated based on average prior year returns from the customers for the last 3 years as a proportion tosales of the respective years.

Cash and Cash Equivalents

In the cash flow statement, cash and cash equivalents includes cash in hand, demand deposits with banks, other short-term highly liquidinvestments with original maturities of three months or less.

74



Disclosure of general information about company [Text Block]

General Information

Cambridge University Press India Private Limited (the Company) is engaged primarily in publishing and trading of books. The Company hasseven branches and one sales office across India. The Company is a privately owned unlisted Company

75



Disclosure of accounting policies explanatory [Text Block]

Summary of Significant Accounting Policies

Basis of preparation of accounts

These financial statements have been prepared in accordance with the generally accepted accounting principles in Indiaunder the historical cost convention on accrual basis. Pursuant to circular 15/2013 dated 13.09.2013 read with circular08/2014 dated 04.04.2014, till the Standards of Accounting or any addendum thereto are prescribed by CentralGovernment in consultation and recommendation of the National Financial Reporting Authority, the existing AccountingStandards notified under the Companies Act, 1956 shall continue to apply. Consequently, these financial statements havebeen prepared to comply in all material aspects with the accounting standards notified under Section 211(3C) [ Companies(Accounting Standards) Rules, 2006, as amended] and other relevant provisions of the Companies' Act, 1956.All assets and liabilities have been classified as current or non-current as per the Companys normal operating cycle andother criteria set out in the Schedule VI to the Companies Act, 1956. Based on the nature of products and the timebetween the acquisition of assets for processing and their realisation in cash and cash equivalents, the Company hasascertained its operating cycle as 12 months for the purpose of current and non current classification of assets andliabilities.

Tangible Fixed Assets

Tangible fixed assets are stated at cost, including any attributable cost for bringing the asset to its working condition for itsintended use, less accumulated depreciation. Cost includes original cost of acquisition, including taxes, duties, freight andother incidental expenses related to such acquisition and installation.Subsequent expenditures related to an item of fixed asset are added to its book value only if they increase the futurebenefits from the existing asset beyond its previously assessed standard of performance.Losses arising from the retirement of, and gains or losses arising from disposal of fixed assets which are carried at cost,are recognised in the Statement of Profit and Loss.Depreciation is provided on the written down value method from the date of acquisition on a pro-rata basis at the followingrates:-


Buildings 5.00

Computers 40.00



Vehicles 25.89

The above rates are as per the rates prescribed in Schedule XIV to the Companies Act, 1956.Leasehold improvements are amortized on a straight line method over the lease term.

76



Intangible Assets are stated at acquisition cost, net of accumulated amortization and accumulated impairment losses, ifany. Intangible assets are amortised on a straight line basis over their estimated useful lives. A rebuttable presumption thatthe useful life of an intangible asset will not exceed ten years from the date when the asset is available for use isconsidered by the management. The amortisation period and the amortisation method are reviewed at least at eachfinancial year end. If the expected useful life of the asset is significantly different from previous estimates, the amortisationperiod is changed accordingly.Intangible assets consist of computer software which are stated at their original cost of acquisition including all relatedexpenses of acquisition and installation and are amortized on the straight-line basis from the date of purchase over anestimated useful life of 3 years.

Inventories

Inventories are stated at lower of cost and net realizable value. Cost is determined on a first-in, first-out (FIFO) methodand is inclusive of freight, insurance and incidental expenses incurred in bringing goods to their present location andcondition. Net realisable value is the estimated selling price in the ordinary course of business, less estimated costs ofcompletion and the estimated costs necessary to make the sale. Obsolete and slow moving inventories are appropriatelywritten down. Cost of Wok in progress and Finished goods is inclusive of allocable manufacturing overheads.

Revenue Recognition

Revenue from the sale of books is recognized on transfer of significant risks and rewards and title of ownership to thecustomer. Sales are shown net of returns and discounts.Revenue from royalty, commission, claims and duty drawbacks are recognized only when the amount can be determinedand there is reasonable certainty that ultimate collection will be made.Interest on bank deposits is recognized on accrual basis.

Foreign Currency Transactions

Transactions denominated in foreign currencies are recorded at the exchange rates prevailing on the date of thetransaction.Monetary items denominated in foreign currencies at the year-end are translated at the exchange rates prevailing on thedate of the Balance Sheet. Non-monetary items denominated in foreign currencies are carried at cost.Any income or expense on account of exchange differences either on settlement or on translation of transactions isrecognized in the Statement of Profit and Loss .

Investments

Investments that are readily realisable and are intended to be held for not more than one year from the date on which suchinvestments are made, are classified as current investments. All other investments are classified as long term investments.Current investments are carried at cost or fair value, whichever is lower. Long-term investments are carried at cost.

Employee Benefits

Provident Fund

Contribution towards provident fund and Employees State Insurance schemes for certain employees is made to theregulatory authorities, where the Company has no further obligations. Such benefits are classified as Defined Contribution

77


Schemes as the Company does not carry any further obligations, apart from the contributions made on a monthly basis.The Company's contributions to the scheme are expensed in the Statement of Profit and Loss on an accruals basis.

Gratuity

The Company provides for gratuity, a defined benefit plan (the Gratuity Plan) covering eligible employees in accordancewith the Payment of Gratuity Act, 1972. The Gratuity Plan provides a lump sum payment to vested employees atretirement, death, incapacitation or termination of employment, of an amount based on the respective employees salaryand the tenure of employment. The Companys liability is actuarially determined (using the Projected Unit Credit method) atthe end of each year. Actuarial losses/gains are recognised in the Statement of Profit and Loss in the year in which theyarise. The Company funds the benefit through annual contributions to Life Insurance Corporation of India (LIC) under itsGroup Gratuity Scheme.


All accumulated compensated absences outstanding as at the year end are compulsorily encashed and are treated asshort term employee benefits. The obligation towards the same is measured at the expected cost of accumulatingcompensated absences as the additional amount expected to be paid as a result of the unused entitlement as at the yearend.

Borrowing Costs

Borrowing costs that are directly attributable to the acquisition, construction or production of qualifying assets arecapitalized till the month in which the asset is put to use as part of the cost of that asset. Other borrowing costs arecharged to the Statement of Profit and Loss.

Lease Rents

Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor are classified asoperating leases. Payments made under operating leases are charged to the Statement of Profit and Loss on astraight-line basis over the period of the lease.

Current and deferred tax

Tax expense for the period, comprising current tax and deferred tax, are included in the determination of the net profit orloss for the period. Current tax is measured at the amount expected to be paid to the tax authorities in accordance with theprevailing taxation laws.Deferred tax is recognised for all the timing differences, subject to the consideration of prudence in respect of deferred taxassets. Deferred tax assets are recognised and carried forward only to the extent that there is a reasonable certainty thatsufficient future taxable income will be available against which such deferred tax assets can be realised. Deferred taxassets and liabilities are measured using the tax rates and tax laws that have been enacted or substantively enacted bythe Balance Sheet date. At each Balance Sheet date, the Company re-assesses unrecognised deferred tax assets, if any. Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognisedamounts and there is an intention to settle the asset and the liability on a net basis. Deferred tax assets and deferred taxliabilities are offset when there is a legally enforceable right to set off assets against liabilities representing current tax andwhere the deferred tax assets and the deferred tax liabilities relate to taxes on income levied by the same governingtaxation laws.

Use of Estimates

The preparation of financial statements in conformity with Generally Accepted Accounting Principles requires themanagement to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of

78


contingent assets and liabilities at the balance sheet date and the results of operations during the reporting period.Examples of such estimates include provision for doubtful debts, estimated useful lives of the fixed assets, provision forsales returns etc. The actual results could differ from those estimates. Any revision to accounting estimates is recognizedprospectively in current and future periods.

Provisions and Contingencies

Provisions

: Provisions are recognised when there is a present obligation as a result of a past event, it is probable that an outflow of resourcesembodying economic benefits will be required to settle the obligation and there is a reliable estimate of the amount of the obligation.Provisions are measured at the best estimate of the expenditure required to settle the present obligation at the Balance sheet dateand are not discounted to its present value.

Contingent Liabilities

: Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will beconfirmed only by the occurrence or non occurrence of one or more uncertain future events not wholly within the control of theCompany or a present obligation that arises from past events where it is either not probable that an outflow of resources will berequired to settle or a reliable estimate of the amount cannot be made, is termed as a contingent liability.

Provision for Sales Return

Provision for sales returns are estimated based on average prior year returns from the customers for the last 3 years as aproportion to sales of the respective years.

Cash and Cash Equivalents

In the cash flow statement, cash and cash equivalents includes cash in hand, demand deposits with banks, othershort-term highly liquid investments with original maturities of three months or less.

[201200] Notes - Employee benefits


to 31/03/2014

Disclosure of employee benefits explanatory [TextBlock] Textual information (39) [See below]

79



Disclosure of employee benefits explanatory [Text Block]

1.

Employee Benefits

Provident Fund

Contribution towards provident fund and Employees State Insurance schemes for certain employees is made to theregulatory authorities, where the Company has no further obligations. Such benefits are classified as Defined ContributionSchemes as the Company does not carry any further obligations, apart from the contributions made on a monthly basis.The Company's contributions to the scheme are expensed in the Statement of Profit and Loss on an accruals basis.

Gratuity

The Company provides for gratuity, a defined benefit plan (the Gratuity Plan) covering eligible employees in accordancewith the Payment of Gratuity Act, 1972. The Gratuity Plan provides a lump sum payment to vested employees atretirement, death, incapacitation or termination of employment, of an amount based on the respective employees salaryand the tenure of employment. The Companys liability is actuarially determined (using the Projected Unit Credit method) atthe end of each year. Actuarial losses/gains are recognised in the Statement of Profit and Loss in the year in which theyarise. The Company funds the benefit through annual contributions to Life Insurance Corporation of India (LIC) under itsGroup Gratuity Scheme.


All accumulated compensated absences outstanding as at the year end are compulsorily encashed and are treated asshort term employee benefits. The obligation towards the same is measured at the expected cost of accumulatingcompensated absences as the additional amount expected to be paid as a result of the unused entitlement as at the yearend.

2.

Employee benefits expense

The Company has, in accordance with Accounting Standard 15 (revised 2005) Employee Benefits, calculated the various benefitsprovided to employees as under

:

Defined Contribution Plan

Amount recognised in the Statement of Profit and Loss :

Employers Contribution to Provident Fund. 6,567,686 5,021,206

Employer's Contribution to Employee State Insurance. 215,335 277,045

6,783,021 5,298,251

Defined Benefits Plan - Contribution to Gratuity Funds (Employees Gratuity Fund

)

The Company provides for gratuity, a defined benefit plan (the Gratuity Plan) covering eligible employees in accordance with thePayment of Gratuity Act, 1972. The Gratuity Plan provides a lump sum payment to vested employees at retirement, death,incapacitation or termination of employment, of an amount based on the respective employees salary and the tenure of employment.The Companys liability is actuarially determined (using the Projected Unit Credit method) at the end of each year. Actuarial

80


losses/gains are recognised in the Statement of Profit and Loss in the year in which they arise. The Company funds the benefit through

81


annual contributions to Life Insurance Corporation of India (LIC) under its Group Gratuity Scheme.In accordance with AccountingStandard - 15 (revised 2005) an actuarial valuation was carried out in respect of the aforesaid defined benefit plan based on thefollowing assumptions:

Particulars Year endedMarch 31, 2014

Year endedMarch 31, 2013

Discount Rate (per annum) 9.00% 8.25%

Expected Rate of increase in compensation levels 5.00% 5.00%

Expected Rate of return on plan assets 8.75% 9.00%

Average remaining working lives of employees (Years) 23.40 24.00

The discount rate is determined by reference to market yield at the Balance Sheet date on government bonds for the estimated term ofthe obligation. The estimates of future salary increases, considered in the actuarial valuation, take account of inflation, seniority,promotion and other relevant factors such as supply and demand in the employment market.

Present value of the defined benefit obligations



Obligation as at the beginning of the year 6,716,663 6,619,561

Interest cost 604,500 546,114

Current service cost 1,311,256 935,212

Benefits Paid (2,027,692) (507,519)

Actuarial (gain)/ loss on Obligations 2,024,538 (876,705)

Balance as at the end of the year 8,629,265 6,716,663

Fair value of Plan Assets



Fair value of Plan Assets as at the beginning of the year 8,212,299 8,014,110

Expected return on Plan Assets 611,864 705,708

82


Contributions - -

Benefits Paid (2,027,692) (507,519)

Fair value of Plan Assets as at the end of the year * 6,796,471 8,212,299

Defined benefit liability recognized in the Balance Sheet

Particulars As at As at

March 31, 2014 March 31, 2013

Present Value of Defined Benefit Obligation as at year end 8,629,265 6,716,663

Fair Value of Plan Assets as at year end 6,796,471 8,212,299

Net liability recognised in Balance Sheet 1,832,794 - **

Current Liability ( Refer Note 8) 1,832,794 -

Non- Current Liability - -

Defined benefit expense recognised in the Statement of Profit and Loss

ParticularsYear endedMarch 31, 2014

Year ended March31, 2013

Current service cost 1,311,256 935,212

Interest cost 604,500 546,114

Expected Return on Plan Assets (611,864) (705,708)

Net Actuarial (gain)/ loss recognized during the year 2,024,538 (876,705)

Total Expense recognized in the Statement of Profit and Loss** 3,328,430 (101,087)

* In respect of Employees Gratuity Fund, constitution of plan assets is not readily available from Life Insurance Corporation of India (LIC).

**The fair value of the plan assets as at March 31, 2013 was more than the present value of the defined benefit obligation in respect ofgratuity. The net asset was not recognised in the Balance Sheet. However the same has been recognised during the current year.

83


[201800] Notes - Borrowing cost


to 31/03/2014

Disclosure of notes on borrowing costs explanatory [TextBlock] Textual information (40) [See below]


Disclosure of notes on borrowing costs explanatory [Text Block]

Borrowing Costs

Borrowing costs that are directly attributable to the acquisition, construction or production of qualifying assets arecapitalized till the month in which the asset is put to use as part of the cost of that asset. Other borrowing costs arecharged to the Statement of Profit and Loss.

[201600] Notes - Related party

Disclosure of relationship and transactions between related parties [Table] ..(1)

Unless otherwise specified, all monetary values are in INRCategories of related parties [Axis] 1 2

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of relationship and transactions between related parties [Abstract] Disclosure of relationship and transactions between related parties [LineItems]

Name of related party CambridgeUniversity Press(UK)

Cambridge UniversityPress (UK)

CambridgeUniversity Press(Australia)

Cambridge UniversityPress (Australia)

Country of incorporation or residence of related party

U N I T E DKINGDOM

UNITED KINGDOM AUSTRALIA AUSTRALIA

Description of nature of related party relationship Fellow Subsidiarycompany

Fellow Subsidiarycompany



Description of nature of transactions with related party

Miscellaneoustransaction

MIscellaneoustransaction



Related party transactions [Abstract] Purchases of goods related party transactions 10,28,06,968 8,18,38,279.62 4,14,827 2,89,123

Revenue from sale of goods related party transactions

1,51,40,478 2,20,74,485 3,22,767 1,60,991

Revenue from rendering of services related party transactions

1,14,39,914 97,96,717

Reimbursement of expenses incurred on behalf of company during year related party transactions

3,48,097 80,147

Reimbursement of expenses incurred by related party during year related party transactions

27,090 2,32,816

Transfers under license agreements from enterprise related party transactions

6,43,34,203 5,55,14,293 5,48,769 4,63,015

84




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


Name of related party CambridgeUniversity Press(New York)

Cambridge UniversityPress (New York)

CambridgeUniversity Press(Singapore)

Cambridge UniversityPress (Singapore)


UNITED STATES UNITED STATES SINGAPORE SINGAPORE










Related party transactions [Abstract] Purchases of goods related party transactions 1,25,60,786 1,28,47,097 0 59,729

Revenue from sale of goods related party transactions

41,72,358 18,46,236 85,78,406 71,94,224

Revenue from rendering of services related party transactions

55,545 4,75,055


47,005 0


15,38,183 60,55,886

Transfers under license agreements from enterprise related party transactions

0 5,51,991 4,47,916 8,50,462



01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


Name of related party Cambridge HotMaths Pty Ltd.

Cambridge Hot MathsPty Ltd.

University ofCambridge LocalExaminationSyndicate

University ofCambridge LocalExaminationSyndicate


AUSTRALIA UNITED KINGDOMU N I T E DKINGDOM

UNITED KINGDOM










Related party transactions [Abstract] Purchases of goods related party transactions 601 16,872 1,93,64,533 39,10,737

85




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of relationship and transactionsbetween related parties [Abstract] Disclosure of relationship andtransactions between related parties [LineItems]

Name of related party VIVA BOOKS PRIVATELIMITED

VIVA BOOKS PRIVATELIMITED

T E C H A S T R ASOLUTIONS PRIVATELIMITED

T E C H A S T R ASOLUTIONS PRIVATELIMITED

Country of incorporation or residenceof related party

INDIA INDIA INDIA INDIA

CIN of related party U52396DL1991PTC042901 U52396DL1991PTC042901 U72900TG2003PTC041080 U72900TG2003PTC041080

Description of nature of related partyrelationship

Enterprises which areowned, or have significantinfluence of or are partnerswith Key managementpersonnel and their relatives




Description of nature of transactionswith related party

Miscellaneous transaction MIscellaneous transaction Miscellaneous transaction MIscellaneous transaction

Related party transactions [Abstract] Purchases of goods related partytransactions

96,932 3,48,032 16,990 10,68,009

Revenue from sale of goods relatedparty transactions

4,96,938 6,22,278

Services received related partytransactions

0 9,95,849



01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


Name of related party United PublishersServices Limited(Japan)

United PublishersServices Limited(Japan)

CambridgeUniversity Press(South Africa)

Cambridge UniversityPress (South Africa)


JAPAN JAPAN SOUTH AFRICA SOUTH AFRICA










Related party transactions [Abstract] Revenue from sale of goods related party transactions

68,627 30,585 46,75,388 76,21,145

86




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


Name of related party CambridgeUniversity Press(Brazil)

Cambridge UniversityPress (Brazil)

CambridgeUniversity Press(Dubai)

Cambridge UniversityPress (Dubai)


BRAZIL BRAZILUNITED ARABEMIRATES

UNITED ARABEMIRATES











3,22,871 4,14,342 1,08,222 50,284



01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


Name of related party First EnglishEducation InstitutesPrivate Limited

First EnglishEducation InstitutesPrivate Limited

CambridgeUniversity PressSyndicate

Cambridge UniversityPress Syndicate


U N I T E DKINGDOM

UNITED KINGDOMU N I T E DKINGDOM

UNITED KINGDOM

Description of nature of related party relationship

Enterprises whichare owned, or havesignificant influenceof or are partnersw i t h K e ymanagementpersonnel and theirrelatives

Enterprises which areowned, or havesignificant influenceof or are partners withKey managementpersonnel and theirrelatives

Ultimate Holdingcompany

Ultimate Holdingcompany







14,40,185 26,55,951


3,11,41,140


13,24,030 2,73,885

87




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


Name of related party CUP Global SharedServices

CUP Global SharedServices

CambridgeAssessments

Cambr idgeAssessments


U N I T E DKINGDOM

UNITED KINGDOMU N I T E DKINGDOM

UNITED KINGDOM










Related party transactions [Abstract] Services received related party transactions 40,35,591 35,26,742


4,29,43,126


22,55,319 0



01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


Name of related party Manas Pratim Saikia Manas Pratim SaikiaVinod KumarVashishtha

Vinod KumarVashishtha



Permanent account number of related party AASPS9666G AASPS9666G AACPV4256F AACPV4256F

Description of nature of related party relationship Key ManagementPersonnel

Key ManagementPersonnel








Related party transactions [Abstract] Leases as lessee related party transactions 44,13,463 56,94,265 32,24,237 45,67,294

Transaction relating to key management personnel [Abstract] Remuneration for key managerial personnel 0 88,96,745 0 28,02,300

88




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of relationship and transactions between related parties [Abstract] Disclosure of relationship and transactions between related parties [LineItems] Name of related party Anil Kumar Pandey Anil Kumar Pandey Ratnesh Kumar Jha Ratnesh Kumar Jha



Permanent account number of related party AMJPP4961A AMJPP4961A AEDPJ5313G AEDPJ5313G

Description of nature of related party relationship Key ManagementPersonnel





RemunerationMIscellaneoustransaction

RemunerationMIscellaneoustransaction

Transaction relating to key management personnel [Abstract] Remuneration for key managerial personnel 0 29,82,827 0 0



01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


Name of related party CambridgeUniversity Press(Holdings) Limited

CambridgeUniversity Press(Holdings) Limited

FOUNDATION e-LearningPrivate Limited

FOUNDATION e-LearningPrivate Limited


U N I T E DKINGDOM

U N I T E DKINGDOM

INDIA INDIA

CIN of related party U80103DL2006PTC154357 U80103DL2006PTC154357

Description of nature of related party relationship Holding company Holding company Subsidiary company Subsidiary company


No transaction No transaction No Transaction No Transaction


to 31/03/2014

01/04/2012 to

31/03/2013Disclosure of notes on related party explanatory [TextBlock] Whether there are any related party transactions during year Yes Yes

Whether company is subsidiary company Yes Yes

Section under which company is subsidiary Section 4(1)(b) Section 4(1)(b)

[201400] Notes - Leases


to 31/03/2014

Disclosure of leases explanatory [TextBlock] Textua l in format ion (41) [See below]

89



Disclosure of leases explanatory [Text Block]

Lease Rents

Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor are classified asoperating leases. Payments made under operating leases are charged to the Statement of Profit and Loss on astraight-line basis over the period of the lease.

[300300] Notes - Earnings per share


to 31/03/2014

01/04/2012 to

31/03/2013Disclosure of earnings per share explanatory [TextBlock] Adjustments of numerator to calculate basic earnings per share [Abstract] Profit (loss) for period 2,19,38,134 4,23,93,410

Adjustments of numerator to calculate diluted earnings per share [Abstract] Profit (loss) for period 2,19,38,134 4,23,93,410

90


[202800] Notes - Subsidiary information

Details of subsidiaries [Table] ..(1)

Unless otherwise specified, all monetary values are in INRSubsidiaries [Axis] 1

01/04/2013 to

31/03/2014 Details of subsidiaries [Abstract] Details of subsidiaries [LineItems]

Name of subsidiary FOUNDATION e-LearningPrivate Limited

Country of incorporation or residence of subsidiary INDIA

CIN of subsidiary company U80103DL2006PTC154357

PAN of subsidiary company AABCF0603Q

Section under which company became subsidiary Section 4(1)(b)

Whether subsidiary has filed balance sheet Yes

SRN of filing of balance sheet by subsidiary Q37207818

Whether financial year of subsidiary coincides with financial year of holding company Yes

Financial year of subsidiary [Abstract] Start date of accounting period of subsidiary 01/04/2013

End date of accounting period of subsidiary 31/03/2014

Date of becoming subsidiary 31/03/2007

Number of shares held of subsidiary [shares] 11,098

Face value of shares of subsidiary [INR/shares] 10

Paid-up value of shares held of subsidiary 1,10,980

Percentage of shareholding in subsidiary 100.00%

Proportion of voting power in subsidiary [pure] 1

Key information about subsidiary [Abstract] Reporting currency of subsidiary INR

Exchange rate as applicable for subsidiary 1

Share capital of subsidiary [Abstract] Equity share capital of subsidiary 1,11,000

Preference share capital of subsidiary 0

Share capital of subsidiary 1,11,000

Reserves and surplus of subsidiary 18,29,474

Total assets of subsidiary 20,21,003

Total liabilities of subsidiary 80,529

Investment of subsidiary 0

Total income of subsidiary 3,36,395

Profit before tax of subsidiary 87,767

Provision for tax of subsidiary -2,86,054

Profit after tax of subsidiary 2,30,794

Proposed dividend of subsidiary 0

Guarantee given for loans borrowed by subsidiary Name of guaranteed party on loans borrowed by subsidiary NA

Amount guaranteed on loans borrowed by subsidiary 0

Guarantee by subsidiary for loans borrowed by company Name of guaranteed party on loans borrowed by company NA

Amount guaranteed on loans borrowed by company 0


to 31/03/2014

Disclosure of subsidiary information explanatory [TextBlock] Whether company has subsidiary companies Yes

91


[201900] Notes - Income taxes


Disclosure of notes on income taxes explanatory [TextBlock] Disclosure of breakup of deferred tax assets and deferred tax liabilities [Abstract] Components of deferred tax assets [Abstract] Deferred tax asset, provision doubtful debts 1,31,79,708 70,77,946

Deferred tax asset, unabsorbed depreciation 12,29,460 9,27,268

Deferred tax asset, other (A) 1,49,96,589 (B) 79,88,455

Total deferred tax assets 2,94,05,757 1,59,93,669

Footnotes (A) Provision for Sales return : 10086485 Other timing differences : 4910104

(B) Provision for Sales return : 7988455 Other timing differences : 0

[202400] Notes - Investments in associates


to 31/03/2014

Disclosure of notes on investment in associates explanatory [TextBlock] Whether company has invested in associates No

[202500] Notes - Financial reporting of interests in joint ventures


to 31/03/2014

Disclosure of notes on interests in joint ventures explanatory [TextBlock] Whether company has invested in joint ventures No

[202700] Notes - Cash flow statements


to 31/03/2014

01/04/2012 to

31/03/201331/03/2012

Disclosure of cash flow statement explanatory [TextBlock] Cash and cash equivalents if different from balance sheet [Abstract] Cash and cash equivalents cash flow statement 4,52,82,275 2,62,71,721 2,58,69,196

Total cash and cash equivalents 4,52,82,275 2,62,71,721

Income taxes paid (refund) [Abstract] Income taxes paid (refund), classified as operating activities 1,95,04,566 2,76,61,756

Total income taxes paid (refund) 1,95,04,566 2,76,61,756

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