Page 218 - Kolte Patil AR 2019-20

Notes forming part of the Consolidated Financial Statements
35. GOODWILL
Following is the movement in Goodwill:
Particulars
Balance at the beginning of the year
Additions/(write off ) during the year - Refer Note 33 (i) Balance at the end of the year
As at March 31, 2020
2,074 18,057 20,131
(H in Lakhs) As at
March 31, 2019
2,074 - 2,074
Goodwill is tested for impairment on an annual basis and whenever there is an indication that the recoverable amount of a cash generating unit is less than its carrying amount based on a number of factors including operating results, business plans, future cash flows and economic conditions.
36. CONTINGENT LIABILITIES (TO THE EXTENT NOT PROVIDED FOR)
Particulars
(1) Claims against the group not acknowledged as debt
(a) Claims not acknowledged as debts represent cases filed in Consumer court, Civil Court and High Court.
(b) Claims in respect of income tax matters (pending in appeal)
(2) Guarantees issued by the Company on behalf of subsidiary *
Total 23,823
(H in Lakhs) As at
March 31, 2019
3,913
847 20,000 24,760
(H in Lakhs) Year ended
March 31, 2019
119 31 2 152
*The Company does not expect any outflow of resources in respect of the guarantees issued.
37. AUDITORS REMUNERATION (NET OF TAXES) TOWARDS
Particulars
Audit fees including fees for quarterly limited reviews
Other services
Reimbursement of expenses
Total 127
38. EMPLOYEE BENEFITS
The details of employee benefits as required under Ind AS 19 ‘Employee Benefits’ is given below :
(A) Defined Contribution Plan:
The parent and certain of its subsidiaries contributes to provident fund and employee state insurance scheme, which are defined contribution plans.
Amount recognized as an expense in the Statement of Profit and Loss in respect of defined contribution plans to provident fund is ` 313 Lakhs (Previous Year – ` 299 Lakhs) and employee state insurance scheme is ` 5 Lakhs (Previous Year – ` 7 Lakhs).
216 | Kolte-Patil Developers Limited
As at March 31, 2020
2,987
Year ended March 31, 2020
836 20,000
109 16 2