DIC India Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2017
Auditor and Management Disclosures and Notes for the annual results dated 31 Dec 2017
1. The above audited financial results for the year ended 31st December 2017 duly reviewed by the Audit Committee, were taken on record by the Board of Directors at its meeting, held on 6th February 2018.
2. In view of loss incurred during the year in adhesive division and after evaluation of the expected future performance of the division and the Company's business strategy, the management has performed an impairment testing of fixed assets and impaired the value of its tangible fixed assets to the extent of Rs. 1,161.66 lakhs (2016 - Rs Nil) and cap ital work-in-progress to the event of Rs. 44.26 lakhs (2016 - Rs. Nil) The same has been disclosed as Exceptional Items in the above financial results.
3. Figures for the previous periods have been regrouped / rearranged wherever necessary to conform to current period's classification.