BACK TO FUNDAMENTALS

Advent Computer Services 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 results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 2nd February, 2019.



2. The Statutory Auditors of the Company have conducted a "Limited Review" of the financial results for the quarter ended 31st December, 2018.



3. The revenue of operations includes GST.



4. Results for the current reported quarter and year to date figures for the period ended 31st December, 2018 are in compliance with Indian Accounting Standards (IND AS) notified by the Ministry of Corporate Affairs read with SEBI Circular number CIR/CFD/FAC/62/2016 dated July 5, 2016.



5. The Company has adopted Indian Accounting Standards (IND-AS) from 1st April, 2017. Accordingly, these financial results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards (IND-AS) 34 Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issues thereunder and other accounting principles generally accepted in India Financial Results.



6. The Company operates only in one business segment.