294
•
Annual Report 2016-17
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
Statement of proot and loss
Depreciation and amortization expense
-
(0.52)
Other expenses - Rent
-
0.52
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)
46.
The onancial statements are presented in
`
million and decimal thereof except for per share information or as
otherwise stated.
47.
Previous year’s ogures have been regrouped where necessary to conform to current year’s classiocation.