Advent Computer Services Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018

1.The above result were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 29th May, 2018.

2.The Statutory Auditors of the Company have carried out Statutory Audit of the financial results for the quarter and year ended 31st March, 2018.

3.Results for the current reported quarter and year to date figures for the period ended 31st March, 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.

4.The above referred financial results of corresponding previous quarter and year to date figures have not been subjected to limited review or audit further in accordance with IND AS. However, the management has exercised necessary due diligence to ensure that the financial results provide a true and fair view of its affairs.

5.The Company operates only in one business segment.

6.The above results does not include IND AS compliant results for the preceding quarter and year ended 31st March, 2017 as the same is not mandatory as per SEBI circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016.

7.Reconciliation between financial result as previously reported in accordance with the Accounting Standard framework (referred to as "Previous GAAP") and Ind AS for the quarter presented are as under:



(Rs. in Lakhs)

Particulars Quarter Ended 31.03.2017 Year Ended 31.03.2017

Net Profit after tax reported under previous GAAP: (0.04) 0.40

Ind AS Adjustments (+/-) - -

Net Profit or Loss as per IND AS (0.04) 0.40

Other Comprehensive Income (Net of Taxes) - -

Total Comprehensive Income for the period (0.04) 0.40



8.The figures for the previous period have been regrouped / rearranged wherever considered necessary.