Cochin Malabar Estates & Industries 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 unaudited results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 4th February, 2019. The Limited Review for the three months and nine months ended 31st December, 2018 has been carried out by the Statutory Auditors, as required under Regulation 33 of SEBI (LODR) Regulations, 2015.

2. Ind AS 115, Revenue from Contracts with Customers, mandatory for reporting period beginning on or after 1st April 2018, replaces existing revenue recognition requirements. Under the modified retrospective approach, there were no significant adjustments required to be made to the retained earnings as at 1st April 2018. Also, the application of Ind AS 115 did not have any significant impact on the results for the period.

3. The Networth of the Company has been fully eroded. The Company is contemplating some plans based on the availability of fixed assets of the Company and based on which going concern status of the Company is maintained.

4. The figure of the previous period has been regrouped/reclassified, wherever necessary, to conform to the classification for the three months and nine months ended 31st December, 2018.