Hindustan Zinc 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 for the quarter and nine months ended December 31, 2018 have been reviewed by Audit Committee and approved by the Board of Directors in its meeting held on January 21, 2019.
2. Exceptional item in FY 2017-18 includes gain of Rs 291 Crore representing reversal of royalty provision related to District Mineral Foundation pursuant to Supreme Court ruling as reduced by past service cost of Rs 51 Crore pursuant to change in Gratuity limit.
3. Ind AS 115 'Revenue from Contracts with Customers' has been recently introduced effective April 1, 2018 and its application did not have any significant impact on recognition & measurement of revenue and related items in the financial results for the quarter and nine months ended December 31, 2018 including the retained earnings as at April 1, 2018.
4. Figures for previous year, nine months and quarter have been revised or reclassified, wherever necessary, for consistency.