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153
annual
report
20
16-17
kajaria
ceramics
corporate
overview
management
reports
Financial
statements
(
`
in crores)
Particulars
Indian GAAP
Year ended
31-Mar-16
GAAP
adjustments
Year ended
31-Mar-16
Ind AS
Year ended
31-Mar-16
Continuining Operations
Revenue from operations
2,443.02
166.41
2,609.43
Other Income
22.63
3.19
25.82
Total Revenue
2,465.65
169.60
2,635.25
EXPENSES
(a) Cost of materials consumed
345.04
-
345.04
(b) Purchases of finished, semi-finished and other products
1,035.77
-
1,035.77
(c) Changes in stock of finished goods, work-in-progress and stock-in-
trade
(8.99)
-
(8.99)
(d) Excise duty on sale of goods
-
166.41
166.41
(e) Employee benefit expense
190.04
(0.35)
189.69
(f) Finance costs
6.72
0.00
6.72
(g) Depreciation and amortisation expense
47.20
-
47.20
(h) Other expenses
496.93
0.46
497.39
Total Expenses
2,112.71
166.52
2,279.23
Profit/(loss) before exceptional items and tax
352.94
3.08
356.02
Exceptional Items
1.51
1.51
Profit/(loss) before and tax from continuing operations
351.43
3.08
354.51
Tax Expense
Current tax
105.00
-
105.00
Adjustment of tax relating to earlier periods
(0.12)
-
(0.12)
Deferred tax
11.66
0.97
12.63
Total tax expense
116.54
0.97
117.51
Profit/(loss) after tax from continuing operations
234.89
2.11
237.00
Profit/(loss) for the period
234.89
2.11
237.00
Other comprehensive income
-
(0.67)
(0.67)
Items that will not be recycled to profit & loss
Remeasurements of the defined benefit liabilities / (asset)
(1.02)
(1.02)
Income tax relating to items that will not be reclassified to profit & loss
-
0.35
0.35
Total comprehensive income for the period
234.89
1.44
236.33
51 Reconciliation of profit or loss for the year ended 31 March 2016
(contd...)
Footnotes to the reconciliation of equity as at 1 April 2015 and 31 March 2016 and profit & loss for the year ended 31
March 2016
1 Security deposits
Under Previous GAAP, the security deposits paid for lease rent are shown at the transaction value whereas under Ind
AS, the same are initially discounted and subsequently recorded at amortized cost at the end of every financial reporting
period. Accordingly, the difference between the transaction and discounted value of the security deposits paid towards
lease rent is recognized as deferred lease expense and is amortized over the period of the lease term. Further, interest is
accreted on the present value of the security deposits paid for lease rent.
Notes on the standalone financial statements
for the year ended 31 March 2017