Alkyl Amines Chemicals 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 unaudited financial results have been reviewed and recommended by the Audit Committee at their meeting held on January 30, 2019, and approved by the Board of Directors at their meeting on the same date.
2. The Company is engaged in only one primary business segment, i.e. "Speciality Chemicals".
3. Income from sale of products (Included in Revenue from Operations) are disclosed inclusive of excise duty and net of VAT/CST, upto period ended Dec 31, 2017 as per the clarification dated September 20, 2016 issued by SEBI and thereafter it is disclosed net of GST.
4. The Company has with effect from April 01, 2018 adopted Ind AS 115 "Revenue from Contract with Customers" by opting for the cumulative catch-up method, which is applicable for all contracts that were not completed as on April 01, 2018. Consequently, the comparatives have not been retrospectively adjusted. The effect of the adoption of Ind AS 115 was not material on the financial statements.
5. Figures for the previous periods have been regrouped and reclassified, wherever necessary.