Lee & Nee Softwares (Exports) 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 standalone financial results for the quarter ended Dec 31, 2018 were reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on 24th Jan, 2019. These results have been subjected to a Limited Review Carried out by the statutory Auditors.

2. The Company is primarily engaged in Information Technology and related services. There are no other reportable segment in terms of IND AS - 108 on Segment Reporting issued by The institute of Chartered Accountants of lndia.

3. The above statement has been prepared in accordance with the Companies (lndian Accounting Standards) Rules, 2015 (lnd AS) prescribed under section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.

4. Effective April 1, 2018, the Company has adopted IND AS 115 using the cumulative effect method and the comparative information is not restated. The adoption of the standard did not have any material impact on the results of the Company.

5. Corporative figures have been regrouped / reclassified to confirm to the current periods presentations.