Archies Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2019
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2019
1. The above results have been reviewed by the. Audit Committee and approved by the Board of Directors at its meeting held on 28 May 2019.
2. These financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rule, 2015 prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.
3. Due to the nature of business and common manufacturing facilities for various segments, a reasonable allocation of Capital Employed to various segments is currently not practicable.
4. The Statutory Auditors have carried a Limited Review of the above financial results.
5. Effective from 1 April, 2018, the Company has adopted Ind AS 115 "revenue from contract with customer". The effect on adoption of Ind AS 115 was insignificant.
6. Previous year's figures have been rearranged and regrouped, wherever necessary.