Archies Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2017
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2017
1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 25 May 2017.
2. Previous year's figures have been rearranged & regrouped, wherever necessary.
3. During the Financial Year 2016-17 , the Company has changed the estimated useful life of certain Property Plant & Equipment, owing to which the Depreciation has reduced by Rs. 217.82, resulting in corresponding reduction in loss.
4. Due to the nature of business & common manufacturing facilities for various segments a reasonable allocation of Capital Employed to various segments is currently not practicable.
5. The Statutory Auditors have carried a Limited Review of the above financial results.