Encore Software Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2017
Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2017
1. The above Financial Results have been reviewed by the Audit Committee and have been approved by the Board of Directors at their meeting held on 12th February 2018.
2. The company has adopted IND AS (INDIAN ACCOUNTING STANDARDS) from 1st April 2017 and accordingly these financial statements have been prepared in accordance with the recognition and measurement principles laid down in IND AS 34 "Interim financial reporting" prescribed under section 133 of Companies Act 2013 read with relevant rules issued thereunder and the other accounting principles generally accepted in India. Accordingly the results for the quarter ended 30th September 2017 have also been re-stated and prepared in accordance with the recognition and measurement principles of IND AS 34.
3. The format for the above results as prescribed in SEBI's (Securities Exchange Board Of India) Circular CIR/CFD/CMD/15/2015 dated 30th November 2015 has been modified to comply with requirements of SEBI's Circular dated 5th July 2016, IND AS and Schedule III (Division II) to the Companies Act 2013. Pursuant to this Circular, the above results do not include IND AS compliant results for the preceding quarter and previous year ended 31st March 2017, as same are not Mandatory.
4. A Reconciliation between financial results as previously reported (referred to as 'Previous GAAP' and IND AS for the quarter ended 30th December 2016. For Table, kindly refer Corporate Announcements on www.bseindia.com.
5. Segment Reporting: There are no reportable segments.
6. Figures have been regrouped or rearranged, wherever necessary.