Page 173 - Kolte Patil AR 2019-20

As at April 1, 2017
5
2
18
7
23
621
1,022
538
1,095
273
( 550)
3,054
1,303
1,598
153
Amount (H In Lakhs)
2,190
-
-
527
1,663
Notes forming part of the standalone financial statements
NOTE 46 - SCHEME OF AMALGAMATION AND ARRANGEMENT OF BELLFLOWER PROPERTIES PRIVATE LIMITED:
During the year, the National Company Law Tribunal had approved the scheme of amalgamation (‘The Scheme’) between the Company and Bellflower Properties Private Limited (“BPPL”), a wholly owned subsidiary of the company. The Scheme became effective on March 3, 2020 pursuant to completion of all regulatory formalities. In accordance with Appendix C of Ind AS 103 “Business combinations of entities under common control”, the financial statements of the Company for the previous financial year 2017-18 have been restated with effect from April 1, 2017 (being the earliest period presented). Accordingly the carrying value of BPPL as appearing in the consolidated financial statements has been considered effective April 1, 2017. Below are the details of the same:
Particulars
Property, Plant and Equipment (Net) Intangible Assets
Non Current Financial Assets Deffered Tax Assets (Net)
Income Tax Assets (Net) Inventories
Trade Receivables
Cash and cash equivalents Loans
Other current assets Liabilities & Provisions
Total Net Assets - (A)
Investment in BPPL appearing in the Standalone Financial statements of the Company - (B) Retained Earnings - (C)
Capital Reserve - (D) = (A - B - C)
(H in Lakhs)
The Company has recognized H153 Lakhs as capital reserve and increased retained earnings by H1,598 Lakhs as at April 1, 2017. The net loss for the year ended March 31, 2018 of H18 Lakhs has also been debited to the retained earnings as at April 1, 2018. The impact on the standalone statement of profit and loss of the Scheme is not material in the current and previous year.
NOTE 47:
(a) Right of use Assets
Particulars
Balance as at April 1,2019 (Refer Note 2G) Add: Additions during the year
Less: Deletions during the year
Less: Depreciation and amortisation expense Closing Balance As at March 31,2020
Annual Report 2019-20 | 171