Accounting Policies of WW Technology Holdings Ltd. Company

Mar 31, 2014

I) Basis of accounting:

Generally mercantile system of accounting is followed except as stated in (V) below.

ii) Investments:

a) Investments being long term in nature are valued at cost of acquisition and related expenses such as brokerage and stamp duties.

b) Temporary diminution in value of investment are not provided for.

iii) Revenue recognition:

a) Interest income is recognised on a time proportion basis depending upon amount outstanding and the rate applicable.

b) Dividend Income is treated on receipt basis.

c) Service income is recognized on completion of service rendered.

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Mar 31, 2012

I) Basis of accounting:

Generally mercantile system of accounting is followed except as stated in (V) below.

ii) Investments:

a) Investments being long term in nature are valued at cost of acquisition and related expenses such as brokerage and stamp duties.

b) Temporary diminution in value of investment are not provided for

iii) Revenue recognition:

a) Interest income is recognized on a time proportion basis depending upon amount outstanding and the rate applicable.

b) Dividend Income is treated on receipt basis.

c) Service income is recognized on completion of service rendered.

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Mar 31, 2010

I)Basis of accounting:

Generally mercantile system o«f accounting is followed except as stated in (V) below.

ii)Fixed Assets:

a. Fixed Assets are stated at cost of acquisition less depreciation. Cost comprises interest on borrowed funds for fixed assets acquisition and all other relevant costs upto the date the assets are put to use.

b. The depreciation on fixed assets is charged on Straight line method basis at the rates and in the manner prescribed under Schedule XIV of Companies Act, 1956.

iii)Reinvestments:

a) Investments being long term in nature are valued at cost of acquisition and related expenses such as brokerage and stamp duties.

b) Temporary diminution in value of investment are not provided for

iv) Revenue recognition:

a) Interest income is recognised on a time proportion basis depending upon amount outstanding and the rate applicable.

b) Dividend Income is treated on receipt basis.

c) Service income is recognized on completion of service rendered.

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Mar 31, 2009

I)Basis of accounting:

Generally mercantile system of accounting is followed except as stated in (V) below.

ii)Fixed Assets:

a. Fixed Assets are stated at cost of acquisition less depreciation. Cost comprises interest on borrowed funds for fixed assets acquisition and all other relevant costs upto the date the assets are put to use.

b. The depreciation on fixed assets is charged on Straight line method basis at the rates and in the manner prescribed under Schedule XIV of Companies Act, 1956.

iii)Investments:

a) Investments being long term in nature are valued at cost of acquisition and related expenses such as brokerage and stamp duties.

b) Temporary diminution in value of investment are not provided for

iv) Revenue recognition:

a) Interest income is recognised on a time proportion basis depending upon amount outstanding and the rate applicable.

b) Dividend Income is treated on receipt basis.

c) Service income is recognized on completion of service rendered.