Page 127 - KRCL ENglish

Annexure B to the Independent Auditor's Report of even date on the Standalone
nancial statements of Konkan Railway Corporation Limited

(Referred to in Paragraph 2 under “Report on Other Legal and Regulatory
Requirements'' section of our report).

Report on Directions and Additional Directions, if any issued under section 143(5) of
the Companies Act, 2013:

The directions were issued by the Comptroller and Auditor General of India (CAG) for FY
2018-19 and onwards. During the FY 2019-20, no changes / additions have been issued in
respect directions issued under section 143(5) of the Companies Act 2013. Further the
f o l l o w i n g d i r e c t i o n s a r e a l s o h o s t e d o n t h e w e b s i t e o f C A G -
http://care.cag.gov.in/policy/Directions2018-19.pdf.

We have reported our observations on the standalone nancial statement for FY 19-20 on
the basis of those directions.
Impact on accounts and
Sr. Action Taken &
Directions Standalone
No. Auditor's Response
Financial Statements
1 Whether the company has The Company has a system in There is no impact on the
system in place to process place to process most of the Accounts and Standalone
a l l t h e a c c o u n t i n g accounting transactions through Financial Statement.
transactions through IT IT system. However, the
s y s t e m ? I f y e s , t h e inventory management module
implications of processing is not interfaced with the FA
of accounting transactions module and xed assets register
outside IT system on the is maintained in excel. However,
integrity of the accounts the nal effect is taken in the FA
along with the nancial module through separate
implications, if any, may be accounting transaction.
stated.
2 Whether there is any During the year there is no There is no impact on the
restructuring of an existing restructuring of existing loan, nor Accounts and Standalone
l o a n o r c a s e s o f cases of waiver and write off of Financial Statement.
waiver/write off of debts debts /loan or interest by the
/loans/interest etc. made by lender to the company due to
a lender to the company company's inability to repay the
due to the company's loan.
inability to repay the loan? If
yes, the nancial impact
may be stated.

125