Sunil Agro Foods 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 Un-Audited Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at its Meeting held on 28th January , 2019. Limited Review as required under Regulation 33 of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015,has been carried out by Statutory Auditors.
2. The Un-Audited Financial Results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Sec 133 of Companies Act,2013 and other recognised accounting practises and policies to the extent applicable.
3. The Company is engaged in the business of manufacturing and trading of wheat and wheat products and therefore has only one reportable segment in accoradance with IND AS 108 "Operating Segments".
4.Figures for the previous periods have been regrouped and reclassified to confirm to the classification of the current period, wherever necessary.
5. There are no exceptional / extraordinary items during the Quarter ended December ,2018.
6. The reconciliation of net profit or loss reported in accordance with Indian GAAP to total comprehensive income in accordance with Ind AS is given below:
(Rs. In Lacs)
Description Quarter ended 31.12.2018 Nine months ended 31.12.2018 Year ended 31.12.2018
Net profit/(loss) as per previous GAAP 10.59 33.18 66.42
Add/(less): Ind AS adjustments 0 0 0
Net profit/(loss) as per Ind AS 10.59 33.18 66.42
Other Comprehensive Income (0.48) (1.43) (2.10)
Total Comprehensive Income for the period 10.12 31.76 64.32
This reconciliation statement has been provided in accordance with circular cIR/CFD/FAC/62/2016 issued by SEBI dated July 5, 2016 on account of implementation of Ind AS by listed companies.
Date: January 28, 2019 Pramod Kumar S
Place: Bangalore Chief Executive Officer and Director