Notes on the consolidated financial statements
43.
The company has reclassified previous year figures to conform to this year’s classification.
Had there been no change, depreciation charge for the year would have been lower by
`
3.93 crores and profit for the year would have
been higher by
`
3.93 crores.
42.
The Company was hitherto charging depreciation on plant & machinery items taking a useful life of 18 years. Based on the internal
technical evaluation, the company has revised useful lives of some items of plant and machinery from 18 years to 10 and 7 years as per
detail below :
Particulars
Useful Life
Digital Printing Machine
7 Years
Cutting, Squaring and Polishing Lines
10 Years
44.
Disclosure as per Schedule III to the Companies Act, 2013
(
`
in crores)
Name of the entity
Net assets i.e. total assets minus
total liabilities as at 31.03.2016
Share in profit or loss
for the year 2015-16
As % of
consolidated
net assets
Amount
(
`
in Crores)
As % of
consolidated
profit or loss
Amount
(
`
in Crores)
A. Parent
73.39%
732.76
98.33%
230.07
B. Subsidiaries
Indian
Soriso Ceramic Pvt. Ltd
1.79%
17.84
1.62%
3.79
Jaxx Vitrified Pvt. Ltd
2.87%
28.62
-6.04%
-14.14
Vennar Ceramics Limited
2.93%
29.27
0.69%
1.61
Taurus Tiles Pvt. Ltd
1.80%
17.94
0.83%
1.94
Floera Ceramics Pvt Ltd
0.95%
9.49
-0.12%
-0.29
Cosa Ceramics Pvt. Ltd
5.42%
54.08
6.22%
14.54
Kajaria Bathware Pvt. Ltd
3.24%
32.33
-3.34%
-7.82
Foreign
Kajaria Ceramics Kazakhstan LLP
0.00%
-0.01
-0.22%
-0.51
Minority Interests in all subsidiaries
7.62%
76.13
2.04%
4.78
SIGNATURE TO THE NOTES 1 TO 44
In terms of our report of even date annexed
For and on behalf of the Board
For O. P. Bagla & Co.
Ashok Kajaria
Chetan Kajaria
Rishi Kajaria
Chartered Accountants
Chairman & Managing Director
Jt. Managing Director
Jt. Managing Director
FRN No. 000018N
(DIN: 00273877)
(DIN: 00273928)
(DIN: 00228455)
Atul Bagla
Partner
Ram Chandra Rawat
Sanjeev Agarwal
Membership No.: 91885
Executive V.P. (A&T) & Company Secretary
CFO
Place: New Delhi
(FCS No. 5101)
Dated: 28th April, 2016
157
Annual Report 2015-16
