CHD Developers Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2017
Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2017
1. The above results have been reviewed and Board of Directors at their meetings held on 12.02.2018
2. The Standalone financial results have been prepared in accordance with the principles and procedures of Indian Accounting Standards (“IND AS') as notified under the Companies (Indian Accounting Standard) Rules, 2015 as specified in section 133 of the Companies Act, 2013.
3. The Company has adopted IND AS from April 1, 2017 and accordingly these Standalone financial results have been prepared as per Indian accounting standards (IND AS) in accordance with the recognition and measurement principles laid down in Ind AS 34 Interim Financial Reporting prescribed under Section 133 of Companies Act, 2013, read with relevant rules issued thereunder. The date of transition to IND AS is April 01, 2016.
4. Reconciliation of Net Profit after tax as previously reported under Indian GAAP & Ind AS for the quarter and nine months ended December 31, 2016 is as under : For table, kindly refer Corporate Announcements on www.bseindia.com.
5. Financial results for the quarter and nine months ended December 31, 2016 are also IND AS compliant. The Management has executed necessary due diligence to ensure that the standalone financial results give true and fair view.
6. As the Business activity and operations of the Company primarily fall within a single business and Geographical segment and as per the requirements of IND AS 108 this is the only reportable segment and there were no additional disclosures to be provided.