Page 166 - KRCL ENglish

to Standalone
1. Corporate information:
Konkan Railway Corporation Ltd. ('Corporation') is a Government Company
domiciled in India and is incorporated on 19th July'1990 under the provisions of the
Companies Act . The registered ofce of the company is located at Belapur Bhavan,
Plot No 6, Sector 11, CBD-Belapur, Navi Mumbai 400614.

The bonds of the company are listed on National Stock Exchange.

The Corporation is engaged into the passenger and goods transport services by rail
as well as project services for Zonal Railways and Other Agencies.

The standalone nancial statements are approved for issue by the Company's Board
of Directors on July 30, 2020.

2. Signicant Accounting Policies

A. Basis of Preparation of Standalone Financial Statements
2.1 The standalone nancial statements of the Corporation have been prepared in
accordance with Indian Accounting Standards (Ind AS) notied under the Companies
(Indian Accounting Standards) Rules, 2015 and amendments thereafter and the
relevant provisions of the Companies Act 2013, as applicable. The standalone
nancial statements for the year are prepared in accordance with Ind-AS.

The standalone nancial statements are prepared on a going concern basis. The
standalone nancial statements have been prepared on a historical cost convention
and on an accrual concept basis.

The standalone nancial statements are presented in INR which is the functional
currency of the Corporation, and all values are rounded to the nearest crore (INR
00,00,000).

2.2 Accounting Estimates
The preparation of the Standalone nancial statements, in conformity with the
recognition and measurement principles of Ind AS, requires the management to
make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent liabilities as at the date of Standalone nancial
statements and the results of operation during the reported period. Although these
estimates are based upon management's best knowledge of current events and
actions, actual results could differ from these estimates which are recognised in the
period in which they are determined.

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