Ramco Systems Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018
Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2018
Notes: (The amounts in brackets in the notes denote the figures for the corresponding quarter of the previous year).
1 The above financial results of the Company were reviewed by the Audit Committee and approved by the Board of Directors in its meeting held on January 28,2019. The Standalone Financial Results are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder. The Statutory Auditors have carried out a limited review of the above results.
2 Employee benefits expense for the quarter includes reversal of Rs.4.89 Mln. (cost Rs.5.78 Mln.) towards the proportionate fair value of the stock options granted to various employees, amortised over the graded vesting period. Other expenses for the quarter includes foreign exchange fluctuation loss of Rs.97.16 Mln. ( Rs.51.11 Mln.) and bad debts / provision for doubtful debts & advances of Rs.7.77 Mln. (Rs.1.12 Mln.).
3 During the quarter, the Company had allotted a total of 10,281 equity shares of Rs.10/- each under the Employees Stock Option Schemes of the Company on various dates. Accordingly, as at the date the paid up capital of the Company increased to Rs.306.23 Mln. from Rs.305.75 Mln. as at March 31, 2018.
4 The Company has one operating segment- viz., Software Solutions & Services.
5 Figures for the previous period(s) have been regrouped / restated wherever necessary to make them comparable with the figures for the current period(s).