Skipper Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2023

2 The above standalone financial Results as reviewed by the Audit Committee were taken on record by the Board of Directors at its meeting held on 10-August-2023. The Statutory Auditors have carried out limited review of the above financial results.
3 Other expenses includes derivative and foreign exchange Gain/(Loss) as per details below:
(Rs in million)
Particulars Quarter Ended Year Ended
30-Jun-23 31-Mar-23 30-Jun-22 31-Mar-23
Realised Derivative and foreign exchange Gain/(Loss) 16.43 (126.85) 23.82 (211.86)
Unrealised Derivative and foreign exchange Gain/(Loss) 18.50 182.48 (156.37) (30.67)
Total 34.93 55.63 (132.55) (242.53)

4 The Company has made an assessment of the impact of The Taxation Laws (Amendment) Act 2019 ('the Act') and decided to continue with the existing tax structure until the utilisation of MAT credit entitlement, tax incentives and deductions available to the Company. In compliance with the accounting standards, the Company is calculating the deferred tax liabilities at existing tax rate of 30% on liabilities and assets which are expected to cease by the date of transition and at lower tax rate u/s 115BAA of Income Tax Act on liabilities and assets which are expected to remain post-transition date.
5 The figures of the last quarter for the previous year are the balancing figures between the audited figures for full financial year and the published year to date figures upto December, 31 of the year.
6 The Code on Social Security, 2020 (Code) related to employee benefits during employment and post-employment received Presidential assent in Sep'2020. The Code has been published in the Gazette of India; however, the date on which the Code will come into effect has not been notified and the final rules/ interpretation have not yet been issued. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective. However, the Company envisages that the impact of the above will not be material.
7 Previous year/periods figures have been regrouped or rearranged, wherever necessary.