Page 153 - Kolte Patil AR 2019-20

As at March 31, 2020
68,818
-
491
(123)
2,040
71,226
As at March 31, 2020
(121)
(2)
509
(1)
0
1534
(2)
1,917
Fort the year ended March 31,2020
69,116
298
68,818
Notes forming part of the standalone financial statements
NOTE 26 - REVENUE FROM OPERATIONS
Particulars
(a) Sale of properties/flats (residential and commercial)
(b) Sale of land
(c) Project management fees
(d) Other operating revenues
(H in Lakhs) As at
March 31, 2019
44,988 1,216 371
(359) (79) 46,137
(H in Lakhs) As at
March 31, 2019
(357) (3) 301 (1) (251) (124) (3) (438)
- Profit / (loss) from partnership firms (net)
- Profit / (loss) from limited liability partnerships (net)
Total
NOTE 26 A - SHARE OF PROFIT/(LOSS) FROM PARTNERSHIP FIRMS & LIMITED LIABILITY PARTNERSHIPS
Particulars
1. Ankit Enterprises
2. Kolte-Patil Homes
3. KP-Rachana Real Estate LLP
4. Bouvardia Developers LLP
5. KP-SK Project Management LLP
6. Carnation Landmarks LLP
7. Regenesis Project Management LLP
Total
NOTE 26 B - SALE OF PROPERTIES/FLATS (RESIDENTIAL AND COMMERCIAL)
(1) Contract Balances
(a) Amounts received before the related performance obligation is satisfied are included in the balance sheet (Contract liability) as “Advances received from Customers” in note no. 24 - Other Current Liabilities. Amounts billed but not yet paid by the customer after giving possession/ deemed possession are included in the balance sheet under trade receivables in note no. 12.
(b) There were no significant changes in the composition of the contract liabilities and Trade receivable during the reporting period other than on account of periodic invoicing and revenue recognition.
(c) Amounts previously recorded as contract liabilities increased due to further milestone based invoices raised during the year and decreased due to revenue recognised during the year on completion of the construction.
(d) Amounts previously recorded as Trade receivables increased due to invoices raised during the year on account of possession/ deemed possession given to customers and decreased due to collections during the year.
(e) There are no contract assets outstanding at the end of the year.
(2) Reconciliation of revenue recognised with the contracted price is as follows:
Particulars
Contracted Price
Adjustments on account of cash discounts or early payments rebates,etc Revenue Recognised as per the statement of Profit & Loss
Fort the year ended March 31,2019
45,416
428
44,988
Annual Report 2019-20 | 151