Revenue RecognitionIndia

20122013

2014

China

201220132014

Turkey

201220132014

Brasil201220132014

Russia201220132014

SA201220132014

Indian (IFRS)

2012

2013

Indian (IFRS)

2012

2013

Revenue RecognitionBosch Ltd.

Brilliance Auto

No ChangeNo Change

Petkim

No ChangeNo Change

Sale of products is recognised when the substantial risk and rewards of ownership in the goods are transferred to thebuyer and is recorded net of trade discounts, sales tax, excise duty, claims, etc., as considered appropriate.Sale of services is recognised on rendering of services based on agreements/arrangements with the concerned parties.Interest on investments and deposits is recognised on a time proportion basis. Dividend income is accounted forwhen it is declared.Same as Above with Addon as "Interest on Bank deposits is recognised on a time proportion basis."

Not Present and text mention is "The effects on the Bosch Group of IFRS 9 Financial Instruments and IFRS 15 Revenue Recognition, which arestill pending endorsement by the EU, are currently being reviewed."

Revenue is recognised when it is probable that economic benefits associated with a transaction will flow to the Group and therevenue and costs, if applicable, can be measured reliably and on the following bases:(i) Sale of goodsRevenue from the sale of goods is recognised on the transfer of risks and rewards of ownership, which generally coincideswith the time when the goods are delivered to customers and title is passed.(ii) Interest incomeInterest income is recognised on a time proportion basis, taking into account the principal amounts outstanding and theinterest rates applicable.(iii) Dividend incomeDividend income is recognised when the right to receive payment is established.(iv) Subsidy income (Government grants)Accounting policy for recognition of subsidy income is set out in note 2(n) to the financial statements.

Revenue is based on the invoiced amount of products sold and services given. Revenues are recognized on an accrualbasis at the time deliveries or acceptances are made, when the amount of revenue can be measured reliably and whenit is probable that the economic benefits associated with the transaction will flow to the Group, at the fair value ofconsideration received or receivable. Risks and rewards are transferred to customers, when the transfer of ownershiphas realised. Net sales represent the invoiced value of goods sold less sales returns and commission and excluderelated taxes.Interest income is recognized on a time proportion basis, taking account of the principal outstanding and the effectiverate over the period to maturity, when it is determined that such income will accrue to the Group.When the arrangement effectively constitutes a financing transaction, the fair value of the consideration is determinedby discounting all future receipts using an imputed rate of interest. The difference between the fair value and thenominal amount of the consideration is recognized as interest income on a time proportion basis that takes into accountthe effective yield on the asset.

EmbraerN/AN/AN/A

ROSATOMN/AN/AN/A

ExxaroN/AN/AN/A

GVK

Revenue is recognized to the extent that it is probable that economic benefits will flow to the Group and the revenue can bereliably measured. The following specific recognition criteria must also be met before revenue is recognized:i) Generation of powerRevenue from sale of energy is recognized on accrual basis in accordance with the provisions of the Power PurchaseAgreements (“PPA”) with Andhra Pradesh Transmission Corporation Limited (“AP Transco”).The subsidiary companies (‘GVKIL’ and ‘GVKGPL’) are eligible to receive incentive fees for every percentage pointgenerated in excess of Plant Load Factor as defined in PPA with AP Transco. Such incentives are accrued on achievementof specified Plant Load Factor.ii) Aeronautical services, Non-Aeronautical services and Cargo servicesRevenue from aeronautical services (net of credit notes) includes landing and parking charges and passenger servicefees at the rates prescribed under State Support Agreement, as amended from time to time by Ministry of Civil Aviation,Government of India (“MoCA”) / Airports Economic Regulatory Authority (“AERA”). Landing and parking charges arerecognized, when such services are provided. Passenger service fees – facilitation component is recognized in respectof each embarking passenger at a specified rate. Passenger service fees – security component (PSF-SC) collected asper the terms of State Support Agreement and MoCA orders is not recognized as revenue of the Company since thesame is collected in a fiduciary capacity.

WOCKHARDT

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and therevenue can be reliably measured. The following specific recognition criteria must also be met before revenue isrecognised:Rendering of operation and maintenance servicesRevenues represent amounts billed or accrued for services rendered and expenses incurred in relation to suchservices, in accordance with the Operation and Maintenance agreement with its customer.Per the operations and maintenance agreements, the Company’s income comprises of (a) Operating fees (b) Incentivefees and (c) Reimbursement of actual expenses. Operating fees are fixed per annum subject to escalations. TheCompany is also eligible to receive incentive fees, if the Actual Annual Availability and/or if the actual generation ofpower are higher than the defined levels.Manpower and consultancy servicesRevenues for manpower services are recognised as and when services are rendered on time and material basis.InterestInterest income is recognised on a time proportion basis taking into account the amount outstanding and theapplicable interest rate.DividendsDividend income is recognised when the company’s right to receive dividend is established by the reporting date.Guarantee commissionRevenue is recognised on a time proportion basis taking into account the guarantee amount and the commission rateapplicable.

Revenue is recognized to the extent that it is probable that the economic benefi ts will fl ow to the Company and the revenuecan be reliably measured.Sale of GoodsRevenue is recognized when the signifi cant risks and rewards of ownership of the goods have passed to the buyer, whichcoincides with dispatch of goods to customers. Revenues are recorded at invoice value, net of excise duty, sales tax,returns and trade discounts.Sale of ServicesRevenues from services are recognised on completion of rendering of services.Out licensing feesOut licensing fees is recognized in accordance with the terms of the relevant agreement(s) as generally accepted andagreed with the customers.Export IncentiveBenefi t on account of entitlement to import duty free materials under the “Duty Entitlement Pass Book Schemes” isrecognized in the year of export.RoyaltiesRevenue is recognized on an accrual basis in accordance with the terms of the relevant agreement.InterestRevenue is recognized on a time proportion basis taking into account the amount outstanding and the rate applicable.

Add Below points

Duty DrawbackDuty drawback is recognized at the time of exports and the benefits in respect of advance license received by the Company againstexport made by it are recognized as and when goods are imported against them.Dividend and InterestDividend income is recognized when the right to receive the payment is established. Interest income is recognized on a timeproportion basis taking into account the amount outstanding and the rate applicable.