NOTES FORMING PART OF THE FINANCIAL STATEMENTS
NOTE - 28		The details of amounts outstanding to Micro, Small and Medium Enterprises under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act), based on the available information with the Company are as under:
					(Amount in ` Lacs)
				2013-14	2012-13
			Principal amount due and remaining unpaid	0.59	1.12
			Interest due on (1) above and the unpaid interest	0.04	0.14
			Interest paid on all delayed payments under the MSMED Act	-	-
			Payment made beyond the appointed day during the year	-	-
			Interest due and payable for the period of delay other than (3) above	0.04	0.14
			Interest accrued and remaining unpaid	-	-
			Amount of further interest remaining due and payable in succeeding years	-	-
NOTE - 29		The Company had made investments in M/s Nahar Seth and Jogani Associates, Partnership firm. Capital Contribution and Profit Sharing ratio of the partnership were as follows:
					(Amount in ` Lacs)
				Capital	Profit / Loss Sharing Ratio
			Avenue Supermarts Limited	220.00	90%
			Gopikishan Shivkishan Damani	25.00	5%
			Ramesh Sumermal Shah	5.00	3%
			Sukraj Babulal Nahar (HUF)	-	2%
			Total	250.00	100%
		Over and above, advances of ` 826.73 Lacs (Previous Year: ` 826.73 Lacs) were outstanding from the Partnership firm.
		On February 21, 2014, Nahar Seth Jogani Developers P. Ltd. was incorporated under Part IX of the Companies Act 1956 and assets and liabilities of said Partnership Firm were taken over by the newly incorporated company. Consequent to the transaction, the Company has made an  investment of Rs.9 Lacs in equity shares of Nahar Seth Jogani Developers P. Ltd. and advances of Rs.826.73 Lacs given to the partnership firm were transferred to the new company as Rent Deposit against a brmises.
NOTE - 30		The Company has not entered into any derivative transactions during the year.
		Unhedged foreign currency exposure at the end of the year is NIL
NOTE - 31	Related Party Disclosure:
	(a)  Relationships
		(i)	Shareholders who exercise control:
			Mr. Gopikishan Damani
			Mr. Radhakishan Damani
			Mrs. Kirandevi Damani
			Mrs. Shrikantadevi Damani
			M/s. Bright Star Investments Private Limited
		(ii)	Directors :
			Mr. Ramakant Baheti
			Mr. Ignatius Navil Noronha
			Mr. Sadanand M Padhye (Upto 04.08.2012)
			Mr.Ramesh Damani
			Mrs. Manjri Chandak
		(iii)	Enterprises over which the company exercise control:
			M/s.Nahar Seth and Jogani Associates
			M/s.Avenue Food Plaza Private Limited
			M/s Align Retail Trades Private Limited
			M/s.Nahar Seth and Jogani Developers Private Limited
		(iv)	Relatives and enterprises of (i) and (ii) above, where transactions have taken place :
			M/s. Damani Estate and Finance Private Ltd
	Note : Related party relationships are as identified by the Company and relied upon by the Auditors
		(b)  Transaction with related parties
						(Amount in ` Lacs)
				Referred in (a) (i) above	Referred in (a) (ii) above	Referred in a (iii) above
			Purchases :
			Purchase of Goods
			Align Retail Trades Private Limited	-	-	58,077.27
				( - )	( - )	(42,001.65)
			Expenses :
			Remuneration paid
			- Mr. Ignatius Navil Noronha	-	569.49	-
				( - )	(52.06)	( - )
			- Mr. Ramakant Baheti	-	40.81	-
				( - )	(43.60)	( - )
			- Mr. Sadanand Padhye	-	-	-
				( - )	(70.37)	( - )
			Income :
			Rent Received
			Align Retail Trades Private Limited	-	-	9.16
				( - )	( - )	(9.16)
			Avenue Food Plaza Private Limited	-	-	13.06
				( - )	( - )	(13.60)
			Interest Income
			Align Retail Trades Private Limited	-	-	271.88
				( - )	( - )	(193.53)
			Reimbursement of Expenses
			Align Retail Trades Private Limited	-	-	153.46
				( - )	( - )	(164.28)
						(Amount in ` Lacs)
				Referred in (a) (i) above	Referred in (a) (ii) above	Referred in a (iii) above
			Finance :
			Equity share capital issued
			- Mr. Sadanand Padhye	-	-	-
				( - )	(26.21)	( - )
			Investment in Share Capital
			Align Retail Trades Private Limited			-
						(199.00)
			Nahar Seth Jogani Developers Pvt Ltd (Refer Note -29 )			9.00
						( - )
			Others
			Repayment  of Capital by  M/s.Nahar Seth and Jogani Associates (Refer Note -29 )			211.00
						( - )
			Advance given to Avenue Food Plaza Private Limited towards Capital Goods			27.05
						( - )
				Referred in (a) (i) above	Referred in (a) (ii) above	Referred in a (iii) above
			Outstandings :
			Advances Recoverable outstanding
			Nahar Seth and Jogani Associates / Nahar Seth Jogani Developers P Ltd. (Premises used against this advance)	-	-	826.73
				( - )	( - )	(826.73)
			Align Retail Trades Private Limited	-	-	357.26
				( - )	( - )	(1,981.00)
			Directors' Remuneration Payable	-	-	-
				( - )	(4.15)	( - )
			Payables
			Align Retail Trades Private Limited	-	-	813.26
				( - )	( - )	(952.56)
			Deposit O/s from Avenue Food Plaza Pvt Ltd	-	-	188.50
				( - )	( - )	(157.00)
			Receivables
			Align Retail Trades Private Limited	-	-	244.70
				( - )	( - )	(170.67)
			Avenue Food Plaza Private Limited	-	-	31.73
				( - )	( - )	(1.49)
			Guarantee commitments (taken)	Refer Note below	-	-
					( - )	( - )
			Note for Guarantee commitments (taken) :
					(Amount in ` Lacs)
			Type of Loan	Referred in (a) (i) above	Referred in (a)(i) and (a) (iv) above
			Secured Loans	61,390.78	-
			(Personal guarantees of Mr. Radhakishan Damani and Mr. Gopikishan Damani)	(48,474.04)	( - )
			Unsecured Loan	-	-
			(Personal guarantees of Mr. Radhakishan Damani, Mr. Gopikishan Damani, Mrs.Kirandevi Damani , Mrs.Shrikantdevi Damani and Company referred in (a) (iv))	( - )	(4,000.00)
			Note for Guarantee commitments (Given) :
				(Amount in ` Lacs)
			Type of Loan	Referred in (a) (iii) above
			Secured Loans	1,600.00
			(Corporate guarantee given for Align Retail Trades P Ltd. working capital limits)	(1,600.00)
			Figures in bracket rebrsent brvious year figures
NOTE - 32	Premises given on operating lease as per AS 19:
	I.	Premises and fixed assets given on operating lease :
					(Amount in ` Lacs)
				2013-14	2012-13
			Gross carrying amount	2,822.53	2,822.53
			Debrciation for the year	105.52	105.45
			Accumulated Debrciation	660.12	554.60
			The total future minimum lease rental receivable at the Balance Sheet date is as under:
					(Amount in ` Lacs)
				2013-14	2012-13
			Lease rent Income recognized in the Profit and Loss Account of the current year (Including contingent rent Rs. 3.80 lac vs:  (Previous Year Rs.4.06 Lac)	772.98	720.95
			- For a period not later than one year	704.79	301.62
			- For a period later than one year and not later than 5 years	1,446.76	1,048.95
			- For a period later than five years	466.47	726.58
			Premises and fixed assets are given on operating lease for various agreement periods ranging from 3 years to 9 years.
			Variable rent for certain stores is receivable in accordance with the lease agreement as the higher of (a) fixed minimum guarantee amount and (b) revenue share percentage.
	II.	Premises taken on operating lease :
					(Amount in ` Lacs)
				2013-14	2012-13
			Lease rent Expenses recognized in the Profit and Loss Account of the current year	687.11	548.94
			The total future minimum lease rent payable at the Balance Sheet date :
			- For a period not later than one year	842.94	669.73
			- For a period later than one year and not later than 5 years	3,118.00	2,515.03
			-For a period later than five years	10,412.13	1,497.32
			Premises are taken on operating lease for various agreement periods ranging from 3 years to 30 years.
NOTE - 33	Directors' Remuneration
					(Amount in ` Lacs)
				2013-14	2012-13
			Salary, allowances, etc.	110.30	110.78
			Bonus/Incentive	500.00	55.25
			Total	610.30	166.03
			The employee-wise break-up of amounts relating to employee benefits based on actuarial valuation is not ascertainable. These amounts relatable to the Directors is, therefore, disclosed in the year of payment.
NOTE - 34	Capital Commitments
					(Amount in ` Lacs)
				As at March 31, 2014	As at March 31, 2013
			Estimated amounts of contracts remaining to be executed on capital account and not provided for	24,313.78	14,211.13
			(Net of advances)
NOTE - 35	Contingent Liabilities
			Claims against the company not acknowledged as debts:
					(Amount in ` Lacs)
				As at March 31, 2014	As at March 31, 2013
		a)	Income Tax Matters	46.34	27.29
		b)	Vat Matters	328.09	10.60
		c)	Other Matters	0.80	0.80
		d)	The Company has received notices for recovery of dues amounting to Rs.241.13 Lacs pertaining to a brmises acquired by the Company. As per the  terms of the agreement with the seller of the brmises in the event of a libility devolveng on the Company ,the same shall be recoverable from the Seller.
			It is not practiable for the Company to estimate the timings of cash outflows , if any in respect of above pending resolutions of the respective proceedings.
NOTE - 36	Computation of Earnings Per Share
					(Amount in ` Lacs)
				2013-14	2012-13
			Profit after tax	15,963.25	9,241.89
			Profits for the purpose of EPS	15,963.25	9,241.89
			Weighted average number of Equity Shares for Basic EPS (Nos)	545,051,229	538,110,625
			Weighted average number of Equity Shares for Diluted EPS(Nos)	546,187,803	538,110,625
			EPS ` � Basic	2.93	1.72
			EPS ` � Diluted	2.92	1.72
			Face value per share `	10.00	10.00
			Note : Amounts in ` Lacs unless otherwise stated
NOTE - 37	Disclosure in terms of Accounting Standard 15-Employee Benefits:
	a. Defined Benefit Plans - Gratuity :
		i)	Reconciliation of opening and closing balances of Defined Benefit obligation:
					(Amount in ` Lacs)
				As at March 31, 2014	As at March 31, 2013
			Defined Benefit obligation at beginning of the year	224.21	145.86
			Current Service Cost	74.65	46.76
			Interest Cost	17.94	12.39
			Actuarial (gain) / loss	42.38	28.06
			Benefits paid	(11.23)	(8.86)
			Defined Benefit obligation at year end	347.95	224.21
		ii)	Expense recognized under employment costs during the year :
					(Amount in ` Lacs)
				As at March 31, 2014	As at March 31, 2013
			Current Service Cost	74.65	46.76
			Interest Cost	17.94	12.39
			Expected Returns on Plan Assets	(13.06)	-
			Actuarial (gain) / loss	46.69	28.00
			Net Cost	126.22	87.15
		iii)	Actuarial assumptions
					(Amount in ` Lacs)
				As at March 31, 2014	As at March 31, 2013
			Mortality Table (LIC)	LIC(1994-96)Ult	LIC(1994-96)Ult
			Discount rate (per annum)	9.29%	8.0%
			Rate of escalation in salary (per annum)	8.0%	7.0%
			The estimates of rate of escalation in salary considered in actuarial valuation, take into account inflation, seniority, promotion and other relevant factors including supply and demand in the employment market.
		iv)	Fair Value  of Plan Assets
				As at March 31, 2014	As at March 31, 2013
			Fair Value  of plan assets at the beginning of the period	150.09	-
			Expected Returns On The Plan Assets	13.06	-
			Contributions	149.21	150.03
			Transfer from other Company	-	-
			Transfer to other Conpany	-	-
			Benefit paid from the fund	-	-
			Acturial Gains/(Losses) on Plan Assets	(4.31)	0.06
			Fair Value of Plan Assets  at year  end	308.05	150.09
		v)	Actual Returns On Plan Assets
				As at March 31, 2014	As at March 31, 2013
			Expected Returns On The Plan Assets	13.06	-
			Acturial Gains/(Losses) on Plan Assets	(4.31)	0.06
			Actual Retun On Plan Assets	8.75	0.06
		vi)	Amount Recognised  In The Balance Sheet
				As at March 31, 2014	As at March 31, 2013
			Fair Value of Plan Assets  at year  end	308.04	150.09
			(Present Value of Benefit Obligation at year end)	(347.95)	(224.21)
			Funded Status	(39.91)	(74.12)
			Unrecognised Past Service Cost at year end	-	-
			Unrecognised Transitional Liability at year end	-	-
			Net Liability /Assets Recognised In the Balance Sheet	(39.91)	(74.12)
				As at March 31, 2014	As at March 31, 2013	As at March 31, 2012	As at March 31, 2011	As at March 31, 2010
			Fair Value of plan asset  at year end	308.04	150.09	-	-	-
			Defined Benefit obligation at year end	347.95	224.21	145.86	97.25	66.02
			Actuarial (gain) / loss	42.38	28.06	6.29	(1.94)	18.04
				As at March 31, 2014	As at March 31, 2013
	b)		Amount recognized in the Profit and Loss Account under the defined contribution plan	320.38	229.59
NOTE - 38	Value of imports calculated on CIF basis:
					(Amount in ` Lacs)
				As at March 31, 2014	As at March 31, 2013
			Traded Goods	3,789.05	1,248.23
			Capital Goods	-	134.28
`
NOTE - 39	Expenditure in Foreign Currency:
					(Amount in ` Lacs)
				As at March 31, 2014	As at March 31, 2013
			For Services	18.67	16.19
			On Foreign Travel	26.30	18.67
NOTE - 40	Employee Stock option Plan
			The ESOP Committee of the Board of Directors of Avenue Supermarts Limited has granted Stock Options to certain eligible employees pursuant to the Avenue Supermarts Limited  �Employees Stock Options Scheme 2013' (�Scheme�).The Vesting period is 1 year from the Grant date and the Exercise period is 3 months from Vesting date. The Scheme is administered by the ESOP Committee .The Company shall issue not more than 35,000 Options per Employee under this Scheme. During the year the Company granted of 42,76,800 employee stock options to all the eligible employees of the Company at an exercise price of Rs. 17/- per option.
				As at March 31, 2014	As at March 31, 2013
			Number of Options granted , exercised and forfeited
			Balance as the beginning of the year	-	-
			Granted during the year	4,276,800	-
			Less:- Exercised during the year	-	-
			Forefeited / Lapsed during the Year	-	-
			Balance as at the end of the Year	4,276,800	-
			Percentage to current paid up equity share capital	0.78%
			The Company has applied the intrinsic value based method of accounting for determining compensation cost for its stock based compensation plan and has accordingly accounted Rs. 5.45 lacs as compensation cost under the �intrinsic value' method. Had the Company considered �fair value' method for accounting of compensation cost, the Company's net income and Basic and Diluted earnings per share as reported would have reduced to the pro-forma amounts as indicated:
				As at March 31, 2014	As at March 31, 2013
			Net Profit after Tax as reported	15,963.25	9,241.89
			Less:- Stock based employee compensation expenses	49.33	-
			Adjusted Pro-forma	15,913.92	-
			Basic Earning per share reported	2.93	1.72
			Pro-forma basic earning per share	2.92	1.72
			Diluted earning per share as reported	2.92	1.72
			Pro-forma diluted earning per share	2.91	1.72
				As at March 31, 2014	As at March 31, 2013
			Risk free Interest rate	8.36%	-
			Expected Volatility	50.49%	-
			Dividend Yield	-	-
NOTE - 41	Since the Company is not engaged in any manufacturing activity, disclosures on account of Raw Material Consumption/ Value of Imported and Indigenous Material Consumed are not applicable.
NOTE - 42	The Company is dealing in a large number of products, viz. household goods, crockery and cutlery, grocery, foodstuff, apparels, etc. In view of the multiplicity of items sold in terms of product characteristics, the disclosure under broad heads in respect of purchases and sales as required under Section 211(4) of the Companies Act, 1956 is not practically possible.
NOTE - 43	The Company regards the business of retail as a single reportable segment. Further, the Company operates within single geographical segment. Accordingly, disclosures required under Accounting Standard � 17 �Segment Reporting� are not applicable.
NOTE - 44	The brvious year figures have been regrouped and/or rearranged to conform to this year's figures.
As per our report of even date		For and on behalf of Board of Directors
For Dalal and Shah
Firm Registration Number 102021W		Ignatius Navil Noronha-Managing Director
Chartered Accountants
S. Venkatesh				Ramakant Baheti - Director-Finance
Partner
Membership No.037942 Notes to the financial statements   1.    General Information Avenue Supermarts Limited (the �Company�) is engaged in the business of organized retailand operates supermarkets under the brand name of �D-Mart� having brsence in west and south regions of India. The Company is having 62 operational stores as at March 31, 2014.   2.    Summary of significant Accounting Policies and Practices 2.1.  Basis of Preparation of Accounts The financial statements are brpared under the historical cost convention on an accrual basis and comply with the Accounting Standards, referred to in Section 211(3C) of the Companies Act, 1956 and generally accepted accounting practices in India.   All the assets and liabilities have been classified as current or non-current as per the Company's normal operating cycle and other criteria set out in Schedule VI to the Companies Act, 1956. Based on the nature of products and the time between the acquisition of assets for processing and their realization in cash and cash equivalent, the Company has ascertained its operating cycle 12 months.                                                                                                        2.2.  Use of estimates The brparation of financial statements in conformity with the Generally Accepted Accounting Principles requires estimates and assumptions to be made that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and differences between actual results and estimates are recognized in the periods in which the results are known / materialise.   2.3.  Fixed Assets and Debrciation / Amortisation I.        Fixed Assets are stated at their original cost of acquisition less accumulated debrciation and accumulated impairment losses thereon, if any. Cost comprises cost of acquisition and any attributable cost of bringing the asset to the condition for its intended use. II.        Debrciation on fixed assets is provided on the Written Down Value method at the rates, and in the manner brscribed in Schedule XIV to the Companies Act, 1956.  Debrciation on additions to fixed assets during the year is provided on pro-rata basis from the date of such addition.The useful life of the assets of the Company is higher than the rates provided in Schedule XIV to the companies act, 1956. III.        Intangible Assets are stated at their cost of acquisition, less accumulated amortisation and accumulated impairment losses, if any, thereon. An intangible asset is recognized, where it is probable that the future economic benefits attributable to the asset will flow to the enterprise and where its cost can be reliably measured. The debrciable amount of intangible assets is allocated over the best estimate of its useful life on a straight line basis.Trademarks and Software is amortised over a period of 5 years. IV.        Leasehold land and brmium paid for land under Built Operate and Transfer arrangement is amortised over the period of lease/arrangement. V.        Leasehold improvement assets are amortised over the period of primary lease period.   2.4.  Investments Long term investments are stated at Cost. A provision for diminution is made to recognize the decline, other than temporary, in the value of Long Term Investments. Current investments are carried at lower of cost and fair value.   2.5.  Inventories Inventories are valued at lower of cost and net realizable value. Cost of inventories, comprise all costs of purchase incurred in bringing the inventories to their brsent condition and location. Cost is determined by the weighted average cost method.   2.6.  Revenue Recognition Revenue is recognized when it is earned and no significant uncertainty exists as to its realization or collection. Retail sales and revenues are recognized on delivery of merchandise to the customer, when the property in the goods is transferred for a price, and significant risks and rewards have been transferred and no effective ownership control is retained. Sales are net of discounts. The property in the merchandise of third party consignment stock does not pass to the Company. Since, however, the sale of such stock forms a part of the activities of the Company, the gross sales values and cost of the merchandise are disclosed separately and form part of Revenue in the Statement of Profit and Loss.   2.7.  Foreign Currency Transactions Transactions in foreign currencies are recorded at the exchange rate brvailing on the date of the transaction. Monetary items denominated in foreign currency and outstanding at the Balance Sheet date are translated at the exchange rate brvailing at the close of the year. Exchange differences are recognized as income or expense in the period in which they arise.   2.8.  Taxation Income-tax expense comprises current taxand deferred tax. Provision for current tax is made on the basis of the assessable income at the tax rate applicable to the relevant assessment year and in accordance with income tax law. The deferred tax asset and deferred tax liability is calculated by applying tax rate and tax laws that have been enacted or substantively enacted by the Balance Sheet date. Deferred tax assets arising on account of brought forward losses and unabsorbed debrciation under tax laws, are recognised, only if there is a virtual certainty of its realisation, supported by convincing evidence. Deferred tax assets on account of other timing differences are recognised only to the extent there is a reasonable certainty of its realisation. At each Balance Sheet date, the carrying amount of deferred tax assets is reviewed to reassure realisation.   2.9.  Impairment of Assets Impairment of assets is ascertained at each balance sheet date, if there are any indications of impairment based on internal / external factors. An impairment loss is recognized in the Profit and Loss Account, whenever the carrying amount of an asset exceeds its recoverable amount.   2.10.       Borrowing costs Interest and other borrowing costs attributable to qualifying assets are capitalised. Other interest and borrowing costs are charged to revenue.   2.11.       Employee Benefits Defined Contribution Plans such as Provident Fund etc., are charged to the statement of Profit and Loss Account as incurred. Defined Benefit Plans - The brsent value of the obligation under such plan, is determined based on an actuarial valuation using the Projected Unit Credit Method. Actuarial gains and losses arising on such valuation are recognised immediately in the Profit and Loss Account. The Company does not have any funded Defined Benefit Plans.Other long-term employee benefits are recognized in the same manner as defined benefit plans. Termination benefits are recognised as and when incurred.   2.12.       Provisions A provision is recognised when there is a brsent obligation as a result of a past event, that probably requires an outflow of resources and a reliable estimate can be made to settle the amount of obligation. Provision is not discounted to its brsent value and is determined based on the best estimate required to settle the obligation at the year end. These are reviewed at each year end and adjusted to reflect the best current estimate.
Mumbai, _________		Ashu Gupta - Company Secretary
					Mumbai, _________

NOTE - 37	Disclosure in terms of Accounting Standard 15-Employee Benefits:
	a. Defined Benefit Plans - Gratuity :
		i)	Reconciliation of opening and closing balances of Defined Benefit obligation:
					(Amount in ` Lacs)
				As at March 31, 2014	As at March 31, 2013
			Defined Benefit obligation at beginning of the year	224.21	145.86
			Current Service Cost	74.65	46.76
			Interest Cost	17.94	12.39
			Actuarial (gain) / loss	42.38	28.06
			Benefits paid	(11.23)	(8.86)
			Defined Benefit obligation at year end	347.95	224.21
		ii)	Expense recognized under employment costs during the year :
					(Amount in ` Lacs)
				As at March 31, 2014	As at March 31, 2013
			Current Service Cost	74.65	46.76
			Interest Cost	17.94	12.39
			Expected Returns on Plan Assets	(13.06)	-
			Actuarial (gain) / loss	46.69	28.00
			Net Cost	126.22	87.15
		iii)	Actuarial assumptions
					(Amount in ` Lacs)
				As at March 31, 2014	As at March 31, 2013
			Mortality Table (LIC)	LIC(1994-96)Ult	LIC(1994-96)Ult
			Discount rate (per annum)	9.29%	8.0%
			Rate of escalation in salary (per annum)	8.0%	7.0%
			The estimates of rate of escalation in salary considered in actuarial valuation, take into account inflation, seniority, promotion and other relevant factors including supply and demand in the employment market.
		iv)	Fair Value  of Plan Assets
				As at March 31, 2014	As at March 31, 2013
			Fair Value  of plan assets at the beginning of the period	150.09	-
			Expected Returns On The Plan Assets	13.06	-
			Contributions	149.21	150.03
			Transfer from other Company	-	-
			Transfer to other Conpany	-	-
			Benefit paid from the fund	-	-
			Acturial Gains/(Losses) on Plan Assets	(4.31)	0.06
			Fair Value of Plan Assets  at year  end	308.05	150.09
		v)	Actual Returns On Plan Assets
				As at March 31, 2014	As at March 31, 2013
			Expected Returns On The Plan Assets	13.06	-
			Acturial Gains/(Losses) on Plan Assets	(4.31)	0.06
			Actual Retun On Plan Assets	8.75	0.06
		vi)	Amount Recognised  In The Balance Sheet
				As at March 31, 2014	As at March 31, 2013
			Fair Value of Plan Assets  at year  end	308.04	150.09
			(Present Value of Benefit Obligation at year end)	(347.95)	(224.21)
			Funded Status	(39.91)	(74.12)
			Unrecognised Past Service Cost at year end	-	-
			Unrecognised Transitional Liability at year end	-	-
			Net Liability /Assets Recognised In the Balance Sheet	(39.91)	(74.12)
				As at March 31, 2014	As at March 31, 2013	As at March 31, 2012	As at March 31, 2011	As at March 31, 2010
			Fair Value of plan asset  at year end	308.04	150.09	-	-	-
			Defined Benefit obligation at year end	347.95	224.21	145.86	97.25	66.02
			Actuarial (gain) / loss	42.38	28.06	6.29	(1.94)	18.04
				As at March 31, 2014	As at March 31, 2013
	b)		Amount recognized in the Profit and Loss Account under the defined contribution plan	320.38	229.59

1.    General Information

Avenue Supermarts Limited (the �Company�) is engaged in the business of organized retailand operates supermarkets under the brand name of �D-Mart� having brsence in west and south regions of India. The Company is having 62 operational stores as at March 31, 2014.