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Notes forming part of consolidated onancial statements (Contd.)
224
•
Annual Report 2016-17
(In
`
Million)
Particulars
1-Apr-15 YE 31-Mar-16
Consolidated statement of proot and loss
Other income
-
(14.16)
Consolidated balance sheet
Non-current investments - Mutual Funds
163.63
104.15
Current investments - Mutual Funds
41.48
86.81
Adjustment to retained earnings
205.11
-
Interest accrued of
`
29.00 million as at April 1, 2015 and of
`
17.22 million as at March 31, 2016 has been reclassioed
from other current assets to non-current investments.
Note 5
Under Indian GAAP, the long-term security deposits are recognized at the transaction value. Under Ind AS, the long-
term security deposits (onancial assets) are recognized at the fair value under amortized cost method. The difference
between the fair value and the transaction value is considered as prepaid rent and amortized over the period of lease.
The onance income is recognized on the amortized cost of security deposits for the reported period. The impact arising
on this change is summarized as follows:
(In
`
Million)
Particulars
1-Apr-15 YE 31-Mar-16
Consolidated statement of proot and loss
Other expenses (Rent)
-
2.89
Other income (Miscellaneous income)
-
2.55
Consolidated balance sheet
Non current loans - Security deposits
(15.25)
(16.38)
Other non current assets (Advances recoverable in cash or kind or for value to be
received)
13.78
14.57
Adjustment to retained earnings
(1.47)
-
Note 6
Under Indian GAAP, the actuarial gain / loss on deoned beneot obligations and plan assets is recognized as employee
beneot expenses in the statement of proot and loss. Under Ind AS, such actuarial gain / loss is recognized under other
comprehensive income and classioed as equity. The impact arising on this change is summarized as follows:
(In
`
Million)
Particulars
1-Apr-15 YE 31-Mar-16
Consolidated statement of proot and loss
Employee beneot expenses
-
222.67
Consolidated balance sheet
Other comprehensive income
-
222.67
Note 7
Under Indian GAAP, the Employee stock compensation expenses are recognized at the intrinsic value as on the date
of grant. Under Ind AS, the Employee stock compensation expenses are recognized at the fair value as on the date
of grant. The fair valuation is made for the shares not vested as on March 31, 2015. The net impact arising on these
adjustments is summarized below: