E.I.D.-Parry (India) Limited · NSE:EIDPARRY
E.I.D.-Parry (India) — Investor Presentation (August 2016)
20 slides from E.I.D.-Parry (India)'s investor presentation, Aug 5, 2016
Slide 1: Transition to Ind AS
E.I.D.- Parry (India) Limited Transition to Ind AS 05th Aug 2016
Slide 2: Applicability of Ind AS
Applicability of Ind AS • The Institute of Chartered Accountants of India (ICAI) has issued 39 Indian Accounting Standards (Ind AS) which have been notified under the Companies (Indian Accounting Standards) Rule, 2015 (“Ind AS Rules”) of the Companies Act 2013. • Ind AS has replaced the current Indi
Slide 3: Ind AS applicability
Ind AS applicability Apply accounting policy based on Ind AS April 1, 2015 April 1, 2016 March 31, 2017 effective as of March 31, 2017 Transition date March 31, 2017 Ind AS financial statements for 2016-17 Comparative period comprising of the following with comparatives: First Ind AS 1.Balance sheet
Slide 4: SEBI guidelines
SEBI guidelines EID Parry has opted to present Standalone financial results all quarters under Ind AS and to present Consolidated financial results from second quarter under Ind AS with statutory auditors carrying out limited review of all the periods presented
Slide 5: Change in presentation of P&L
Change in presentation of P&L
Slide 6: Major components of 'Other comprehensive income'
Major components of ‘Other comprehensive income’ Items that will remain in OCI 1 Non-trade investments fair valued through OCI 2 Actuarial gain/loss on defined benefit plans such as Gratuity Items that will be reclassified to When transferred to P&L P&L 1 Effective portion of gains and losses On pro
Slide 7: Transitional choice made under Ind AS - First time Adoption
Transitional choice made under Ind AS 101 – First time Adoption • Fixed assets at previous GAAP carrying amount as allowed under Ind AS 101 • Option to apply Ind AS 103 for business combinations only on a prospective basis from the date of transition has been chosen. • Investments in subsidiaries an
Slide 8: Significant changes on account of Ind AS
Significant changes on account of Ind AS • Sales shown gross of excise duty and excise duty presented under expenses • Trade promotions reduced from sales . • Actuarial gains and losses on defined benefit plans (Employee benefits - Gratuity) will get accounted in Other comprehensive income • Discoun
Slide 9: Significant changes on account of Ind AS
Significant changes on account of Ind AS • Barter transaction to grossed up in revenue and cost. • Investment Property to be disclosed separately and not as part of fixed asset. • Leasehold land treated as pre-paid and not included as part of fixed assets • Change in deferred tax on account of Ind A
Slide 10: Reconciliation for Standalone Profit and Loss
Reconciliation for Standalone Profit and Loss Recast for FY 16 (Unaudited) (Rs. in crores) Quarter ended 30 June 2015 Quarter ended 31 March 2016 Year ended 31 March 2016 IGAAP Ind AS Adj Ind AS IGAAP Ind AS Adj Ind AS IGAAP Ind AS Adj Ind AS Income from operations 481.36 17.35 498.71 642.91 27.81 6
Slide 11: Impact on Standalone Profit and Loss
Impact on Standalone Profit and Loss • Consequent to transition to Ind-AS, the reconciliation of net profit and other comprehensive income is provided as under, in accordance with the requirements of paragraph 32 of Ind AS 101 - First time Adoption of Ind AS. Stand-alone results (Rs. in crore) Unaud
Slide 12: Details of adjustments
Details of adjustments
Slide 13: Hedge accounting
Hedge accounting Ind AS # Name of standard Category Impact Ind AS 109 Financial instruments • Hedge accounting • Financial Particulars Accounting method adopted in IGAAP Accounting method adopted in Ind AS Effectiveness for forward covers Forward covers designated as hedge designated as hedge instru
Slide 14: Long term borrowings
Long term borrowings Ind AS # Name of standard Category Impact Ind AS 109 Financial instruments • Long term borrowings • Financial Particulars Accounting method adopted in IGAAP Accounting method adopted in Ind AS Long term borrowings are financial Upfront fees incurred will be charged to liabilitie
Slide 15: Guarantees
Guarantees Ind AS # Name of standard Category Impact Ind AS 109 Financial instruments • Guarantee issued to subsidiary • Financial Particulars Accounting method adopted in IGAAP Accounting method adopted in Ind AS Guarantee is fair valued and the Guarantee amount is disclosed as guarantee charges fo
Slide 16: Employee benefits
Employee benefits Ind AS # Name of standard Category Impact Ind AS 19 Employee benefits • Actuarial gains or losses on • Financial defined benefit obligation • Accounting for ESOP • Financial – Not significant Particulars Accounting method adopted in Accounting method adopted in Ind AS IGAAP Actuari
Slide 17: Other comprehensive income
Other comprehensive income Stand-alone results Rs. in crore Quarter ended Quarter ended Year ended 31 Particulars 31 March 2016 30 June 2015 March 2016 Other comprehensive income: Effective portion of gains and losses on hedging instruments in a cash flow hedge (1.18) 6.06 5.25 Effect of measuring i
Slide 18: Opening Reserve Impact
Opening Reserve Impact Particulars Rs. In crore A Retained Earnings as on 01-Apr-2015 under 1,351.60 IGAAP B Adjustments a. Fair Value Impact of Investment 95.23 b. Proposed dividend not to be recognized till 17.58 the same is declared in AGM c. Fair Value impact of Unvested and (0.31) outstanding E
Slide 19: Disclaimer
Disclaimer Some of the statements in this communication may be forward looking statements within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. The objective of this communication is to provide broad information on the impac
Slide 20: Thank You
Thank You
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