Simplex Papers Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2018
1. The above results of the Company have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 14th May, 2018.
2. The financial results are in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 read with rules made thereunder and other recognised accounting practices and policies to the extent applicable. The Company has adopted Ind AS effective from 1st April, 2017 with a transition date of 1st April, 2016.
3. Figures of the previous quarter/year have been regrouped, wherever necessary, to conform to the current quarter/year's presentation.
4. The Company has only one reportable segment viz."Paper", disclosure under Ind AS 108 on "Operating Segments" is not applicable.
5. The figures for the last quarter are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the respective financial year.
6. Reconciliation of Net Profit/(Loss) for the quarter and year ended 31st March, 2017 reported in accordance with the Indian GAAP to total comprehensive income in accordance with Ind AS is given below: (For Table, kindly refer Corporate Announcements on www.bseindia.com.)
7. Reconciliation of Equity as on March 31,2017 reported under the Indian GAAP to Ind AS. (For Table, kindly refer Corporate Announcements on www.bseindia.com.)