Abacus Computers Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Sep 2017
Auditor and Management Disclosures and Notes for the quarterly results dated 30 Sep 2017
1. 1. The above results were reviewed by Audit Committee and taken on record by the Board of Directors at its meeting held on 18th November, 2017.
2.The Company has only single Reportable Business Segment in terms of requirements of Accounting Standard 17.
3. During the quarter ended 30th September, 2017, Nil complaints was received and attended.
4. Previous quarter’s figures have been re-grouped / re-arranged wherever necessary.
5. The Company has adopted Indian Accounting Standarads ("IND AS") from April 1, 2017 and accordingly these financial have been prepared in accordance with the recognition and measurements principles laid down in Ind AS 34 Interim Financial Reporting prescribed under section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India. Financial Results for the previous period have been prepared in accordance with recognition and measurements principles of Ind AS 34.