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Notes forming part of consolidated onancial statements (Contd.)
Annual Report 2016-17
•
225
(In
`
Million)
Particulars
1-Apr-15 YE 31-Mar-16
Consolidated statement of proot and loss
Employee beneot expenses
-
16.67
Consolidated balance sheet
Employees share options outstanding account
74.29
16.67
Adjustment to retained earnings
(74.29)
-
Note 8
Under Indian GAAP, the amount of upfront premium paid for the leasehold land is classioed under tangible assets
if the lease is for the signiocantly longer period. However, such upfront premium on leasehold land is classioed as
prepaid expenses under Ind AS. Further, amortization of upfront lease premium is reclassioed from depreciation and
amortization expenses to rent. The net impact arising on these adjustments is summarized below:
(In
`
Million)
Particulars
1-Apr-15 YE 31-Mar-16
Consolidated statement of proot and loss
Depreciation and amortization expense
-
(0.52)
Other expenses - Rent
-
0.52
Consolidated balance sheet
Other non current assets (Advances recoverable in cash or kind or for value to be
received)
36.56
39.24
Property, plant and equipments
(36.56)
(39.24)
Note 9
Under Indian GAAP, the long-term investments (investments in equity shares and mutual funds) are stated at cost
as reduced by the permanent diminution in value of investment, if any. The short-term investments (current portion
of mutual funds) are stated at lower of cost and market value. Under Ind As, the investments in mutual funds and
equity shares are stated at their fair values. There are temporary taxable differences in respect of the intangible assets
recognized under business combination. Further, deferred tax in respect of cash pow hedges is recognised under other
comprehensive income. The impact arising on this change on deferred tax is summarized as follows:
(In
`
Million)
Particulars
1-Apr-15 YE 31-Mar-16
Consolidated statement of proot and loss
Deferred tax charge / (credit)
-
(15.67)
Other comprehensive income
Deferred tax charge / (credit)
-
48.42
Adjustment to retained earnings
70.99
-
Consolidated balance sheet
Deferred tax asset
(70.99)
(103.74)
The tax effects of the items presented in other comprehensive income amounting to
`
43.07 million for the year ended
March 31, 2016 have been reclassioed to other comprehensive income from the statement of proot and loss.
49.
The onancial statements are presented in
`
million and decimal thereof except for per share information or as
otherwise stated.
50.
Previous year’s ogures have been regrouped where necessary to conform to current years’ classiocation.