Cybertech Systems & Software Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2019
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2019
1. The above results were reviewed by Audit Committee and approved by the Board of Directors at its meeting held on May 9, 2019.
2. The accounts of CyberTech Systems and Software inc. USA and Spatialitics LLC (wholly owned subsidiaries) have been consolidated by applying IND AS110 - "Consolidated Financial Statements".
3. The Board of Directors recommend a dividend of Re. 1 per equity share of Rs. 10 each for the F. Y. 2018-19 subject to the approval of the shareholders in the ensuing Annual General Meeting.
4. The Group has only single reportable business segment i.e. 'Software Development Services' in terms of requirements of IND AS 108.
5. *The figures for the quarter ended March 31, 2019 and March 31, 2018 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures up to the third quarter for the relevant financial year which were subjected to limited review by the statutory auditors.
6. The previous period's / year's figures have been regrouped / re-classified wherever required to conform to current period's / years classification.