Garware Hi-Tech Films 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
1.The above results have been reviewed by the Audit Comitee and approved and taken on record by the Board of Directors of the Company at their respective meetings held on 24th January 2019. The Statutory Auditors have carried out a Limited Review of the Results for quarter ended 31st December 2018.
2. Post applicablity of Goods and Service Tax ( GST ) with effect from 1st July 2017, Revenue from operations are disclosed net of GST, where as Excise duty form part of total expenses in previous periods. Accordingly the revenue from operations and total expenses for the Nine months ended 31st December 2017 and year ended 31st March 2018 are not comparable with current period.
3.The Company operates in one segment only ie. Polyester Films and therefore has only one reportable segment in accordance with IND AS 108 " Operating Segments ".
4. Previous period figures have been regrouped and reclassified to make them comparable with the figures of the current period.