
Viscosity:Dynamic: Not applicable.Kinematic: Not applicable.Partition coefficient: n-octanol/water: Not determined.Solubility in / Miscibility withwater: Not determined.Explosion limits:Lower: Not determined.Upper: Not determined.Explosive properties: Product does not present an explosion hazard.
Auto-ignition temperature: Not determined. Decomposition temperature: Not determined. Flammability (solid, gas): Product is not flammable. Change in conditionMelting point/freezing point: Undetermined.Initial boiling point and boiling range: Undetermined. Appearance:Form: SolidColour: Not determined. Information on basic physical and chemical properties. Schedule 4.8 sets forth all patents, patent applications, trademarks, trade names and trade styles used by Borrower or any of its Subsidiaries at any time within the five (5) year period ending on the Closing Date. Intangible assets Borrower and its Subsidiaries own, or possess the right to use to the extent necessary in their respective businesses, all material trademarks, trade names, copyrights, patents, patent rights, computer software, licenses and other Intangible Assets that are used in the conduct of their businesses as now operated, and no such Intangible Asset, to the best knowledge of Borrower, conflicts with the valid trademark, trade name, copyright, patent, patent right or Intangible Asset of any other Person to the extent that such conflict could reasonably be expected to have a Material Adverse Effect. Costs incurred on long term construction contracts representing general purpose item of inventories are disclosed as contract work in progress net of provision for loss. Excise duty liability is included in the valuation of year – end inventory of finished goods. Fixed production overheads are allocated on the basis of normal capacity of the production facilities. Cost comprises of direct material and labour expenses and an appropriate portion of production overheads incurred in bringing the inventory to their present location and condition. The comparison of cost and net realisable value is made on an item by item basis. Finished goods are valued at the lower of cost and net realisable value. The carrying costs of raw materials, components and stores and spare parts are appropriately written down when there is a decline in replacement cost of such materials and the finished products in which they will be incorporated are expected to be sold below cost. In determining the cost, weighted average cost method is used. Cost includes purchase price, duties and taxes (other than those subsequently recoverable by the Company from taxing authorities), freight inward and other expenditure in bringing inventories to present locations and conditions. Inventories Inventories which comprise raw materials, components, stores and spare parts are valued at lower of cost and net realisable value.
The expected useful lives are as follows:Freehold buildings 40 yearsLeasehold improvements The shorter of the estimated useful life and the period of theleaseMotor vehicles 5 yearsComputer equipment 5 years Other equipment, furniture and fixtures 3-5 yearsThe depreciation methods, useful lives and residual values are reassessed at each reporting date. The costs of day-to-day servicing of property, plant and equipment are recognised in profit or loss.Property, plant and equipment, with the exception of freehold land and paintings, on which no depreciation is provided, are depreciated on the straight-line basis at annual rates estimated to write down the assets to their residual values over their expected useful lives. The cost of self- constructed assets includes the cost of materials and direct labour, any other costs directly attributable to bringing the asset to a working condition for its intended use, and the costs of dismantling and removing the items and restoring the site on which they are located.The cost of replacing part of an item of property, plant and equipment is recognised in the carrying amount of the item if it is probable that future economic benefits embodied within the part will flow to the Bank and its cost can be measured reliably. Property, plant and equipment Property, plant and equipment are measured at cost less accumulated depreciation and impairment losses.Cost includes expenditures that are directly attributable to the acquisition of the asset. Related to MINING ASSET IMPAIRMENT AND INVENTORY WRITEDOWN