Investor Presentaiton
MRP
The Financial Statements of all entities used for the purpose of
consolidation are drawn up to same reporting date as that of the
parent Holding Company, i.e., year ended on 31 March.
Consolidation procedure:
a)
b)
c)
Combine like items of assets, liabilities, equity, income,
expenses and cash flows of the Holding Company with those
of its Subsidiaries.
Offset (eliminate) the carrying amount of the Holding
Company's investment in each Subsidiary and the Holding
Company's portion of equity of each Subsidiary.
Eliminate in full intragroup assets and liabilities, equity,
income, expenses and cash flows relating to transactions
between entities of the group (profits or losses resulting from
intragroup transactions that are recognised in assets, such as
inventory and Property, Plant and Equipment, are eliminated
in full). Intragroup losses may indicate an impairment that
requires recognition in the Consolidated Financial Statements.
Ind AS 12 Income Taxes applies to temporary differences that
arise from the elimination of profits and losses resulting from
intragroup transactions.
Profit or loss and each component of other comprehensive income
(OCI) are attributed to the equity holders of the Holding Company
of the Group and to the non-controlling interests, even if this
results in the non-controlling interests having a deficit balance.
When necessary, adjustments are made to the Financial Statements
of Subsidiaries to bring their accounting policies in line with the
Holding Company's accounting policies.
A change in the ownership interest of a subsidiary, without a loss
of control, is accounted for as an equity transaction. If the Holding
Company loses control over a Subsidiary, it:
•
•
.
Derecognises the assets (including goodwill) and liabilities of
the Subsidiary
Derecognises the carrying amount of any non-controlling
interests
Derecognises the cumulative translation differences recorded
in equity
Recognises the fair value of the consideration received
C)
•
•
Recognises the fair value of any investment retained
Recognises any surplus or deficit in profit or loss
Reclassifies the Holding Company's share of components
previously recognised in OCI to profit or loss or retained
earnings, as appropriate, as would be required if the Holding
Company had directly disposed of the related assets or
liabilities
Basis of preparation of Financial Statements
The principal accounting policies applied in the preparation of these
Consolidated Financial Statements are set out below. These policies
have been consistently applied to all the years presented.
i.
ii.
Statement of Compliance
The Consolidated Financial Statements have been prepared in
accordance with IND AS as prescribed under Section 133 of
the Companies Act, 2013 read with Rule 3 of the Companies
(Indian Accounting Standards) Rules, 2015 and subsequent
amendments thereto.
Basis of preparation and presentation
The Consolidated Financial Statements have been prepared
on historical cost basis considering the applicable provisions
of Companies Act, 2013, except for the following items that
have been measured at fair value as required by relevant IND
AS. Historical cost is generally based on the fair value of the
consideration given in exchange for goods and services.
a)
b)
Certain financial assets/liabilities measured at fair value
(Refer Note 1 (D 20)) and
Any other item as specifically stated in the accounting
policy.
The Consolidated Financial Statement are presented in
INR and all values are rounded off to Rupees Crores
unless otherwise stated.
The group reclassifies comparative amounts, unless
impracticable and whenever the group changes the
presentation or classification of items in its Financial
Statements materially. No such material reclassification
has been made during the year.
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