Page 235 - KRCL ENglish

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Notes forming part of the Standalone Financial Statements as at 31 March, 2020

The aggregate value of transaction price allocated to unsatised (or partially satised)
performance obligations as on 31st Mar 2020 was ` 3225.00 Crores (` 4962.00 Crore)
out of which around 30% is expected to be recognized as revenue in the next year and
the balance in subsequent years.

In accordance with Para 121 of Ind AS 115, the company has not specically
disclosed contracts with expected duration of one year or less.

Signicant judgements in the application of this Standard:

Revenue is recognized upon transfer of control of promised deliverables to customers
in an amount that reects the consideration which the Company expects to receive in
exchange for those deliverables. Revenue is recognized based on output measured
by Aggregate Cost-plus margin.

In respect of other xed-price contracts, revenue is recognized using percentage-of
completion method ('POC method') of accounting with contract costs incurred
determining the degree of completion of the performance obligation.

Determining the transaction price and the amounts allocated to performance
obligations Contract assets are recognized when there is excess of revenue earned
over billings on contracts. Contract assets are classied as unbilled receivables (only
act of invoicing is pending) when there is unconditional right to receive cash, and only
passage of time is required, as per contractual terms.
Unearned and deferred revenue ("contract liability") is recognized when there is billing
in excess of revenues.

3,714.37 - 1573.81 2,140.56
95.67 - 24.08 71.59
93.28 185.11 203.51 74.88
1,059.58 5.88 127.11 938.35
4,962.90 190.99 1928.51 3,225.38

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