Financial Overview and Strategy
Reconciliation of consolidated profit with previous GAAP
B
in crore
BAJAJ
FINSERV
Particulars
Profit before tax as per previous GAAP ®
Ind AS adjustments increasing / (decreasing) profit:
Adoption of Effective Interest Rate (EIR) for financial assets
recognised at am ortised cost.
Adoption of Effective Interest Rate (EIR) for financial liabilities.
recognised at am ortised cost
Q4 FY19 Q4 FY18
Yo Y
FY19
FY18
Yo Y
1,710
1,134
51%
6,675
4,096
63%
60
11
(422)
(197)
54
(0)
107
13
Expected credit Loss
(21)
37
(131)
9
Fair value of stock options as per Ind AS 102.
(18)
(12)
(75)
(45)
Actuarial loss on employee defined benefit plan recognised in
'Other comprehensive income' as per Ind AS 19
16
8
16
8
Gain/ (losses) on fair valuation of financial assets at fair value
through profit and loss
4
(34)
7
(41)
Recognition of service asset on assignment
1
(4)
Others
6
6
Net profit before tax as per Ind AS
1,812
1,144 58%
6,179
3,843
61%
Tax expense (including current tax and deferred tax)
(637)
(397)
(2,186)
(1,347)
Net profit after tax as per Ind AS
1,176
748
57%
3,995
2,496 60%
Net profit after tax as per previous GAAP *
@
1,116
745 50%
4,347
2,674 63%
@ Amounts as per previous GAAP for Q4 FY19 and FY19 are management estimates and not reviewed by auditors
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