Dolat Algotech 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
NOTES :
1) The Statutory Auditor have expressed an unqualified audit opinion.
2) The above financial results have been reviewed by the Audit Committee and having been recommended by it to the Board for approval, were approved by the Board of Directors at its meeting held on 17th May, 2018.
3) The results has been prepared in accordance with the Companies (Indian Accounting Standard) (Ind AS) prescribed under section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. Beginning April 1, 2017, the Company has for the first time adopted Ind AS with a transition date of April 1, 2016.
4) The Ind AS compliant corresponding figures in the previous year have not been subjected to a limited review. However, the Company’s management has exercised necessary due diligence to ensure that such financial results provide a true and fair view of its affairs.
5) Reconciliation of net profit as reported under previous Indian generally accepted accounting principles (“Previous GAAP) and as per Ind AS, is given as Appendix-A.
6) Reconciliation of equity as reported under previous Indian generally accepted accounting principles (“Previous GAAP) and as per Ind AS, is given as Appendix-B.
7) Previous period figures have been regrouped /rearranged wherever considered necessary.
8)The figures for the quarter ended 31st March,2018 and the corresponding quarter ended in the previous year as reported in these financial results are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the end of the third quarter of the relevant financial year. Also the figures upto the end of the third quarter were reviewed and not subject to audit.
9) Earning per share is in Rs.
10) Please read exceptional item as extraordinary item
Appendix A - Reconciliation of Net Profit as reported under previous Generally Accepted
Accounting Principles (Previous GAAP) and as per IND AS
Reconciliation of Profits as per Indian GAAP and IND-AS
(Rs.in lakhs)
Particulars Quarter ended
31.03.2017 For the Year
31.03.2017
Not subjected to Limited Review Not subjected to Limited Review
Net profit as per Indian GAAP (35.34) 152.58
Adjustments:
Provision for employees benefits 0.49 -
Actuarial loss/(gain) on defined benefits plans recognised in other comprehensive income (0.31) (0.31)
Fair valuation gain/loss on current investments 0.00 (16.82)
Net profit as per Ind AS (35.16) 135.45
Add: Other Comprehensive Income 0.05 0.31
Total Comprehensive Income as per Ind AS (35.10) 135.76
Appendix B - Reconciliation of Equity as reported under previous Generally Accepted
Accounting Principles (Previous GAAP) and as per IND AS
Reconciliation of Equity as per Indian GAAP and IND-AS
(Rs.in lakhs)
Particulars 12 Months ended
31.03.2017
Not subjected to Limited Review
Equity as per Previous GAAP 7,105.65
Remeasurement cost of net defined benefit liability (2.70)