Abacus Computers 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
Notes:
1. The above results were reviewed by Audit Committee and taken on record by the Board of Directors at its meeting held on 07th February, 2018.
2. The Company has only single Reportable Business Segment in terms of requirements of Accounting Standard 17.
3. During the quarter ended 31st December, 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 relavent 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 pinciples of Ind AS 34.
6. Reconciliation of Statement of Profit and Loss reported for previous year under IGAAP to Ind AS Quarter Ended December 31, 2016.
Particulars Item Impacting As Per IGAAP Effect on Transition to Ind AS As Per Ind AS
Revenue from Operations 0.20 NIL NIL 0.20
Other Comprehensive Income NIL NIL NIL NIL
Tax Expenses NIL NIL NIL NIL
Profit After Tax 0.03 NIL NIL 0.03
Reconciliation of Statement of Profit and Loss reported for previous year under IGAAP to Ind AS Nine months Ended December 31, 2016.
Particulars Item Impacting As Per IGAAP Effect on Transition to Ind AS As Per Ind AS