Annual Report 2016-17

Notes forming part of onancial statements (Contd.)

290

•

Annual Report 2016-17

Exemptions applied

Ind AS 101 allows orst-time adopters certain optional exemptions from the retrospective application of certain

requirements under Ind AS.

The Company has applied the following optional exemptions:

A. Share based payment transactions

The Company has not applied Ind AS 102, “Share based payment” to equity instruments that vested before the date

of transition to Ind AS i.e. April 1, 2015. Accordingly, equity instruments that have vested prior to April 1, 2015 have not

been fair valued.

Explanation of transition to Ind AS

The below mentioned reconciliations provide a quantiocation of the effect of signiocant differences arising from the

transition from Indian GAAP to Ind AS in accordance with Ind AS 101 for the following:

equity as at April 1, 2015

equity as at March 31, 2016

Proot for the year ended March 31, 2016

There are no material adjustments to the cash pow statements.

In the reconciliations mentioned above, certain reclassiocations are made to Indian GAAP onancial information to align

with the Ind AS presentation.

(In

million)

Particulars

Note

1-Apr-15

31-Mar-16

Note

Indian

GAAP

Effect of

transition

to Ind AS

Reclassiocation

adjustments

Ind AS Indian

GAAP

Effect of

transition

to Ind AS

Reclassiocation

adjustments

Ind AS

Liabilities

Trade payables

20 330.78 (29.89)

300.89 1,100.39 (49.06)

- 1,051.33 Note 1

Short-term provisions

23 1,156.88 (481.43)

675.45 501.36

501.36 Note 2

Other current liabilities

22 449.31

(156.52)

292.79 514.89

(113.39) 401.50 Note 2

Assets

Property, plant and

equipment

5.1

2,871.79 (36.56)

- 2,835.23 2,811.16 (39.24)

- 2,771.92 Note 8

Deferred tax assets /

(liabilities) (net)

115.47 (70.99)

44.48 84.37 (114.51)

(30.14) Note 7

Non-current investments

6 3,073.54 163.63

29.00 3,266.17 2,653.34 104.15

17.22 2,774.71 Note 3

Non current loans

(Security deposits and

intercorporate deposits)

64.93 (15.03)

49.90 87.03 (16.02)

2.62 73.63 Note 4

Other non-current assets

(advance recoverable in

cash or kind and capital

advance)

10 20.22 50.13

70.35 13.09 53.46

66.55 Note

4 and

Note 8

Current investments

4,619.75 41.48

- 4,661.23 4,827.55 86.81

- 4,914.36 Note 3

Other current onancial

assets

16 512.57

12.92

(121.33)

404.16

1,141.44 13.50

234.70 1,389.64 Note 6