:\'_,:- y\, I ; G1jrgac;J ;1/ 15,,e\ lflo'/. Akzo Nobel India Limited

Size: px

Start display at page:

Download ":\'_,:- y\, I ; G1jrgac;J ;1/ 15,,e\ lflo'/. Akzo Nobel India Limited"

Millicent Freeman
5 years ago
Views:

2 Akzo Nobel India Limited Registered Office: Geetanjali A(,!artment, 1st Floor, 8-8 Middleton Street, Kolkata GIN: L24292WB1954PLC Standalone statement of Assets and Liabilities as at 31 March 2018 (Rs. Million) A ASSETS Particulars As at 31 March As at 31 March (Audited) (Audited) 1 Non-current assets (a) Property, plant & equipment 5, ,076.4 (b) Capital work-in-progress (c) Intangible assets (d) Financial assets (i) Investments (ii) Other bank balances (iii Loans (iv) Other financial assets (e) Other non-current assets Sub total - Non-current assets 7, Current assets (a) Inventories 3, ,054.3 (b) Financial assets (i) Investments 5, ,693.1 (ii) Trade receivables 3, ,120.5 (iii) Cash & cash equivalents (iv) Bank balances other than (iii) above (v) Loans (vi) Other financial assets (c) Other current assets 1, (d) Current tax assets (net) Sub total - Current assets 15, ,014.8 TOTAL - ASSETS 22, ,835.2 B EQUITY AND LIABILITIES 1 Equity (a) Equity Share capital (b) Other Equity 12, ,621.5 Sub total - Equity 12, ,088.1 LIABILITIES 2 Non-current liabilities (a) Financial Liabilities (i) Borrowings (ii) Other financial liabilities (other than those specified in item (i) above) (b) Provisions (c) Deferred tax liabilities (Net) (d) Other non-current liabilities Sub total - Non-current liabilities Current liabilities (a) Financial Liabilities (i) Trade Payables - Due to micro and small enterprises Due to creditors other than micro and small enterprises 6, ,134.1 (ii) Other financial liabilities (other than those specified in item (i) above) (b) Provisions (c) Other current liabilities (d) Current tax liabilities (Net), 82.4 Sub total - Current liabilities 8, \ TOTAL - EQUITY AND LIABILITIES 22, ::::.. "- 15,,e\ lflo'/. l :\'_,:- y\, I ; G1jrgac;J ;1/ (1 --- '1/1 "/1(.,... ::,1/

3 Akzo Nobel India Limited Registered Office: Geetanjali A1:1artment, 1st Floor, 8-8,Middleton Street, Kolkata CIN: L24292WB1954PLC Segment wise Revenue, Results, Assets & Liabilities and Capital Employed (Rs. in Million). Quarter ended For the year ended Particulars 31 March 31 December 31 March 31 March March 2017 Refer Note 2 (Unaudited) Refer Note 2 /Audited) (Audited) 1 Segment Revenue (including other operating revenue) Coatings 7, , , , ,803.8 b) Discontinued Operations , ,658.5 a) Inter - segment elimination - Continued operations (37.1) (40.1) (45.6) (138.8) (101.1) Inter - segment elimination- Discontinued operations (7.6) (9.4) (48.0) Total 7, , , , , Segment Results [Profit before interest, exceptional items and tax " from each segment] a) Coatings , ,860.1 b) Discontinued Operations Total , ,074.6 Finance Cost (16.5) (7.5) (12.9) (35.0) (31.9) Other un-allocable income (net of un-allocable expenditure) Profit on sale of chemicals business 2, , (8.7) (17.4) 3, , , ,384.9 Exceptional items - Income Profit before tax 3, , , ,423.6,1, 3 (a) Segment Assets As at As at As at 31 March 31 December 31 March 2017 (Audited) (Unaudited) (Audited) a) Coatings 16, , ,087.1 b) Discontinued Operations - 1, c) Others - - 1,280.0 d) Unallocated 6, , ,468.1 Total 22, , ,835.2 (b) Segment Liabilities a) Coatings 8, , ,058.5 b) Discontinued Operations c) Others d) Unallocated Total 9, , ,747.1 (c) Capital Employed (Segment Assets - Segment Liabilities) Coatings 7, , ,028.6 a) b) Discontinued Operations c) Others d) Unallocated 5, , ,650.1 Total 12, , ,088.1 Note: - Segment Revenue, Results, Assets, Liabilities and Capital Employed figures include the respective amounts identifiable to each of the segments. Other un-allocable income (net of un-allocable expenditure) in segment results include income from investment of surplus funds of the Company and unallocable corporate expenses. I - Unallocated' in Capital Employed includes un-allocable corporate assets, liabilities and investments.

6 ~ - Akzo Nobel India Limited Registered Office: Geetanjali Apartment, 1st Floor, 8-B Middleton Street, Kolkata CIN: L24292WB1954PLC Consolidated statement of financial results for twelve months ended 31 March 2018 and 31 March 2017 (Rs. in Million) For the year ended Particulars 31 March 31 March (Audited) (Audited) 1 Income from operations (a) Revenue from operations (b) Other Income Total income from continuing operations 2 Expenses (a) Cost of materials consumed (b) Purchase of stock-in-trade (c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (d) Excise Duty (e) Employee benefits expense (f) Finance Costs (g) Depreciation and amortisation expense (h) Other expenses Total expenses of continuing operations 3 Profit from continuing operations before exceptional items and tax(1-2) 4 xceptional Items - Income 5 Profit before tax from continuing operations (3+4} 6 Tax expense (a) Current Tax (Net) (b) Deferred Tax 7 Profit for the period from continuing operations (5-6) 8 Discontinued Operations (Refer Note 5) Profit before tax Tax expense Profit after tax Profit on sale of chemicals business Tax expense Profit after tax from sale of chemicals business Profit for the period from discontinued operation 9 Profit before tax for the period from combined operations Tax expenses for the period from combined operations Profit for the period from combined operations 10 Other comprehensive expense/(income), net of income tax from continuing operations (A) (i) Items that will not be reclassified to profit or loss (ii) Income tax relating to items that will not be reclassified to profit or loss (B) (i) Items that will be reclassified to profit or loss (ii) Income tax relating to items that will be reclassified to profit or loss 27, , , , , , , , (166.3) , , , , , , , , , , , , (126.6) 2, , , , , , , , , , (107.3) (21.8) Other comprehensive expense/(income), net of income tax from discontinued operations (A) (i) Items that will not be reclassified to profit or loss (ii) Income tax relating to items that will not be reclassified to profit or loss (B) (i) Items that will be reclassified to profit or loss (ii) Income tax relating to items that will be reclassified to profit or loss 12 Total comprehensive income for the period (i) arising from continuing operations (ii) arising from discontinued operations 13 Paid. up equity share capital (Shares of Rs 10 each) 14 Earnings per share (of Rs. 10 each) (not annualised) from continuing and discontinued operations: (a) Basic (b) Diluted (2.8) (2.8) , , , , , Earnings per share (of Rs. 10 each) (not annualised) from continuing operations: (a) Basic (b) Diluted Earnings per share (of Rs. 10 each) (not annualised) from discontinued operations:, (a) Basic (b) Diluted,, I I 'S'.::ic:, _::i \' --..) / 1, )/,- "" j'f... ' i'llj \' ,, () /, ;( 1/

7 Akzo Nobel India Limited Registered Office: Geetanjali Apartment. 1st Floor. 8-B Middleton Street, Kolkata CIN: L24292WB1954PLC Consolidated statement of Assets and Liabilities as at 31 March 2018 (Rs. Million\ A ASSETS Particulars As at 31 March 2018 (Audited\ As at 31 March 2017 I Audited) 1 Non-current assets (a) Property, plant & equipment (b) Capital work-in-progress (c) Intangible assets (d) Financial assets (i) Investments (ii) Other bank balances (iii Loans (iv) Other financial assets (e) Other non-current assets Sub total - Non-current assets 5, , , , Current assets (a) Inventories (b) Financial assets (i) Investments (ii) Trade receivables (iii) Cash & cash equivalents (iv) Bank balances other than (iii) above (v) Loans (vi) Other financial assets (c) Other current assets (d) Current tax assets (net) Sub total - Current assets TOTAL - ASSETS 3, , , , , , , , , , ,845.1 B EQUITY AND LIABILITIES 1 Equity (a) Equity Share capital (b) Other Equity Sub total - Equity , , , , LIABILITIES Non-current liabilities (a) Financial Liabilities (i) Borrowings (ii) Other financial liabilities (other than those specified in item (i) above) (b) Provisions (c) Deferred tax liabilities (Net) (d) Other non-current liabilities Sub total - Non-current liabilities Current liabilities (a) Financial Liabilities (i) Trade Payables - Due to micro and small enterprises - Due to creditors other than micro and small enterprises (ii) Other financial liabilities (other than those specified in item (i) above) (b) Provisions (c) Other current liabilities (d) Current tax liabilities (Net) Sub total - Current liabilities TOTAL EQUITY AND LIABILl:rlES. \ 1 {t, Xl lric l --? , , , I , ,845.1

Akzo Nobel India Limited Registered Office: Geetanjali Apartment, 1st Floor, 8B Middleton Street, Kolkata - 700 071 CIN:L24292WB1954PLC021516 Audited Financial Results {Consolidated) for the quarter

The audited financial results (consolidated) have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 10 May 20

8 Akzo Nobel India Limited Registered Office: Geetanjali Apartment, 1st Floor, 8B Middleton Street, Kolkata CIN:L24292WB1954PLC Audited Financial Results {Consolidated) for the quarter and year ended 31 March 2018 Notes: 1. The audited financial results (consolidated) have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 10 May The figures of the year ended 31 Mar 2018 and 31 Mar 2017 are audited figures in respect of the full financial years by consolidating the figures of ICI India Research & Technology Centre as required under Indian Accounting Standards ("Ind AS") The Board of Directors have recommended a dividend of Rs. 22 per share for the year ended 31 March 2018 (previous year Rs. 22 per share). The Dividend will be paid if approved by the shareholders at the forthcoming i Annual General Meeting. 4. Exceptional items reported during the year ended 31 March 2018 and previous period represent write back of provisions no longer required relating to divested business. Profit from sale of Specialty chemicals business has been disclosed as part of discontinued operation. 5. The auditors have expressed an unmodified opinion on the Audited Consolidated Financial Statements of the Company for the financial year ended 31 Mar 2018 in terms of second proviso to Regulation 33(3)(d) of the Listing Regulations. 6. In accordance with Ind AS 18 on Revenue and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, revenue for quarter and year ended 31 March 2017 and year ended 31 March 2018 are reported inclusive of Excise Duty. Consequent to the implementation of the Goods and Service Tax ("GST") w.e.f. 1 July 2017, Excise Duty, VAT, Service Tax and various other Indirect_ Taxes have been subsumed into GST. As per Ind AS 18, revenue for the quarter ended 31 December 2017 and 31 March 2018 are reported net of GST. Had the previously reported revenues been shown net of Excise Duty, the comparative revenue would have been as under- (Rs in Million) Year ended Particulars 31 March 31 March Revenue from continuing operations 27, ,701.9 Excise Duty ,977.2 Revenue from continuing operations net of excise duty 27, ,724.7 Revenue from discontinued operations 2, ,641.1 Excise Duty Revenue from discontinued operations net of excise duty 2, , The shareholders of Akzo Nobel India Limited have approved on 18 December 2017 through postal ballot the sale Company's Specialty Chemicals Business as a going concern to an affiliate of the Akzo Nobel Group. The Company has since executed a Business Transfer Agreement ('BTA') dated 30 March 2018 and addendum thereto for transfer of the Business to Akzo Nobel Chemicals India Private Limited ('ANCIPL'). The Company has classified this business as discontinued operation in these results. Relevant disclosures relati g to such business are as follows - \

(Rs in Million} Year ended Particulars 31 March 31 March Total income from operations 2,484.8 2,641.0 Tota I expenses 2,336.4 2,455.3 Profit before income tax 148.4 185.7 Income tax expense 62.S 56.

9 (Rs in Million} Year ended Particulars 31 March 31 March Total income from operations 2, ,641.0 Tota I expenses 2, ,455.3 Profit before income tax Income tax expense 62.S 56.7 Profit after tax Profit on sa I e of Speci a ltv chemi ea Is business 2, Tax expense Profit after tax from sale of Specialty chemicals business 1, Profit for the period from discoritinued operations 1, During the year ended 31 March 2018, the Company made certain changes in the assumptions relating to actuarial valuation to reflect changes in macro-economic and other relevant factors. Other comprehensive income for the year ended 31 March 2018 reflect the impact of this change. 9. Previous period figures have been regrouped/ reclassified, wherever necessary, to make them comparable to the current period figures. Gurugram 10 May 2018 Jayakuma IV}a fr:.,,j. r na wamy Jtg Director

Indiabulls Real Estate Limited Statement of Unaudited Consolidated Financial Results for the quarter and period ended 30 September 2018

Indiabulls Real Estate Limited Statement of Unaudited Consolidated Financial Results for the quarter and period 3 months Preceding 3 months 30 June months current period 31 March Unaudited Unaudited Unaudited