Accounting Standards

Accounting Standards mandatory

        AS 1 Disclosure of Accounting Policies
      AS 2 Valuation of Inventories
      AS 3 Cash Flow Statements
      AS 4 Contingencies and Events Occurring after the Balance Sheet Date
      AS 5 Net Profit or Loss for the period, Prior Period Items and Changes in Accounting               Policies
      AS 6 Depreciation Accounting
      AS 7 Construction Contracts (revised 2002)
      AS 9 Revenue Recognition
      AS 10 Accounting for Fixed Assets
      AS 11 The Effects of Changes in Foreign Exchange Rates (revised 2003),
      AS 12 Accounting for Government Grants
      AS 13 Accounting for Investments
      AS 14 Accounting for Amalgamations
      AS 15 Employee Benefits (revised 2005)
      AS 16 Borrowing Costs
      AS 17 Segment Reporting
      AS 18 Related Party Disclosures
      AS 19 Leases
      AS 20 Earnings per Share
      AS 21 Consolidated Financial Statements
      AS 22 Accounting for Taxes on Income.
      AS 23 Accounting for Investments in Associates in Consolidated Financial Statements
      AS 24 Discontinuing Operations
      AS 25 Interim Financial Reporting
      AS 26 Intangible Assets
      AS 27 Financial Reporting of Interests in Joint Ventures
      AS 28 Impairment of Assets
      AS 29 Provisions,Contingent` Liabilities and Contingent Assets

Accounting Standards not mandatory

AS 30  Financial Instruments: Recognition and Measurement and Limited Revisions to AS           2, AS 11 (revised 2003),               AS 21, AS 23, AS 26, AS 27, AS 28 and AS 29
AS 31, Financial Instruments: Presentation
           Accounting Standard 

(AS) 32, Financial Instruments: Disclosures, and limited revision to Accounting Standard                (AS) 19, Leases