TCI Developers Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2018
1. The above results for the quarter and year ended 31st March 2018 as reviewed and recommended by the Audit Committee of the Board, has been approved by the Board of Directors at its meeting held on 16th May 2018.
2. The Statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules 2015 (Ind AS) prescribed under section 133 of the companies Act, 2013and other recognised accounting practices and policies to the extent applicable Beginning April 01, 2017, the company has for the first time adopted IND AS with a transition date of April 01, 2016.
3. As the Company's main business activity falls within a single primary Business segment viz. "Real Estate and Warehousing Development' the disclosure requirements of Ind AS 108 'Operating Segments' is not applicable.
4. The consolidated figures includes financial of its subsidiaries and associate partnership firms.
5. The figures for the quarter ended 31st March 2018 is the balancing figures of the audited figures of financial year ended 31st March 2018 and published unaudited figures for the 9 months ended 31st December 2017.
6. Reconciliation of the financial results as reported erstwhile Indian GAAP and IND AS is summerised below: For Table, kindly refer Corporate Announcements on www.bseindia.com.
7. Reconciliation of Equity as previously reported under erstwhile Indian GAAP and as per Ind AS is summerised below: For Table, kindly refer Corporate Announcements on www.bseindia.com.