Page 136 - KRCL ENglish

Sr. No.
Emphasis
of Matter Statutory Auditor's Remarks Management Reply
Para:

Passenger trains were cancelled
since 22nd March 2020 across
entire Indian Railway System.

As per the Board note, the
company has lost Trafc revenue
to the tune of Approximately Rs 70
crore in March'2020. Further
during April'20 to July'20, the travel
restrictions continued with partial
relief which also severely impacted
the nancial position during that
period and consequently may
have nancial impact during
Financial Year 2020-21. However,
considering the partial relief in
travel restrictions, running of
special trains and earnings
through other segment; projects,
the Company expects to sustain
and overcome the impact and
r e c o v e r f r o m t h e p r e s e n t
slowdown. In view of this, the
standalone nancial statement has
been prepared on Going Concern
Basis.

D) We draw attention to Note No. 46 of The major amount of receivable
the standalone nancial statem- and payable are related to Inter
ents, that the Balances of the Railway Financial Adjustment
Receivable and Payable accounts A c c o u n t . T h e p r a c t i c e o f
of Major Railways, Suppliers, conrmation of receivable/payable
Contractors etc. are subject to between zonal railway is not very
conrmation / adjustments / well established. However,
reconciliations. The Company will Meetings/ Correspondence (as
review of such balances for and when required) are carried
c a r r y i n g o u t n e c e s s a r y w i t h Z o n a l R a i l w a y s f o r

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