AGS Transact Technologies Limited

Annexure VI: Notes to the Revised Restated Consolidated Financial Information

 

Note 40
Capitalisation of expenditure
The Group has developed certain softwares wherein the following development expenses have been capitalised/under development by the Group

 

 

 

(Rs. in million)
Particulars 31 August 2021 31 March 2021. © 31March 202031. March 2019
Salaries and wages 278 39.34 60.74 295

 

The Group has capitalised the following expenses of revenue nature to the cost of property, plant and equipment / capital work-in-progress.
(Rs, in million)

 

 

 

Particulars BL August 2021 31March 2021. 31March 2020.31 March 2019
‘Salaries and wages 476 55.50 18.90
"Transport expenses 12.52 11.99 4.78

37.28 7.49 23.68

 

 

Note 41
A. Disclosure under Ind AS 115, Revenue from Contracts with Customers

i. Sales of products and manufactured goods

The Group applies practical expedient in paragraph 121 of Ind AS 115 for all contract entered for sales of products and manufactured goods and does not disclose information about remaining performance
obligations that have original expected duration of one year or less.

ii, Revenue from services

The Group applies practical expedient in paragraph 121 of Ind AS 115 for all contracts entered for revenue from services, whereby it has right to receive consideration from a customer in an amount that
corresponds ditectly with the value to the customer of the entity’s performance completed to date, Hence, the Group does not disclose information of remaining performance obligation of such contracts

 

ming of revenue recognition
"Setup & other one time revenue’ and 'Service revenue’ are services recognised over a period of time. Sale of traded goods’, Sale of manufactured goods, ‘ATM and management services’ Digital payment services
and others are recognised at a point in time when performance obligations are transferred to the customers.

B. Changes in accounting policies
The Group has consistently applied the accounting policies to all years presented in these Revised Restated Consolidated Financial Information

C. Disaggregation of revenue from contracts with customers
Revenue from contracts with customers is disaggregated by primary business segment. Disaggregated revenue with the Group's reportable segments is given in the note 48.

D. Reconciliation of revenue recognised with contracted price

 

 

 

 

(Rs, in million)
Particulars 31 August 2021 __31.March 2021___31 March 2020 __31. March 2019
Contracted Price 7,726.03 18,091.86 18,612.74 18,915.53
Reduction towards service level credits, rade discounts, ete (192.03) (502.42) (608.31) (858.11)
Revenue recognised 7,534.00 17,589.48 18,004.43 18,057.42

 

E, The Company has entered into a certain contract with a customer amounting to Rs, 1,483.72 million, wherein revenue amounting to Rs. 2.18 million has been recognised for the period ended 31 August 2021
(31 March 2021: Rs, 90.91 million, 31 March 2020: Rs 262.67 million, 31 March 2019: Nil) and balance will be recognised as and when it satisfies a performance obligation by transferring a good or service to a
customer over time (Estimated contract period: 5 years).

‘Transaction price allocation to remaining performance obligations:

The following revenue is expected to be recognised in the future related to performance obligations that are unsatisfied or partially unsatisfied at the reporting date. The revenue expected is Rs. 32.71 million (31
March 2021: Rs. 47.08 million, 31 March 2020: Rs 59.06 million, 31 March 2019: Rs. 63.20 million) upto 6 months; Rs. 21.86 million (31 March 2021: Rs. 29.92 million, 31 March 2020: Rs. 50.41 million, 31
March 2019: Rs. 57.59 million) upto 1 year and Rs. 24.37 million (31 March 2021: Rs. 35.13 million, 31 March 2020: Rs. 53.16 million, 31 March 2019: Rs. 84.69 million) upto 2 years.

 

 

 

 

 

Note 42
Payment to auditors (excluding tax) (Bs in million)
Particulars 31 August 2021 _31March 202131 March 202031 March 2019
‘Audit fees 439 825 7.65 660
Certification fees and other services* 6.88 4.00 927 7.47
Out of pocket expenses 0.10 059 0.08 0.40

11.37 12.84 17.00 1447
* Note:

-Period ended 31 August 2021:
Out of above expenditure, Rs. 6.88 milion is included in Initial public offer related expenses and disclosed under " Other current assets" in the balance sheet (refer note 14).

-Year ended 31 March 2020:

Out ofthe above expenditure, Rs. 9.27 million (31 March 2019: Rs 7.47 million) incurred towards services received from the auditors of the Group isin relation to intial public offer related expenses and disclosed
under "Other expenses” in the Revised Restated Consolidated Statement of Profit and Loss (refer note 32).

Note 43
(). During the year 31 March 2014, the Company had entered into an agreement with a customer for providing ATM Management services for 10 years. As a part of the arrangement, the

 

ympany acquired

existing ATM sites at total consideration of Rs. 926.25 million. Further, an interest free security deposit of Rs. 880 milion has been advanced towards such acquisition of the ATM network.

The property, plant and equipment acquired were capitalised at the respective fair value of Rs, 649.64 million and the difference of Rs, 276,61 million between the fair value of property, plant and equipment
acquired and the total consideration was recognised as Premium on purchase of assets under ‘Other assets. In addition, the difference between the fair value and transaction price of the interest free security
deposit refered to above has also been adjusted with premium on purchase of assets under ‘Other assets. The aggregate premium on purchase of equipment is amortised over the life of the contract with an
adjustment to revenue. The charge for the current period is Rs, 24.33 milion (31 March 2021: Rs. 58.40 million, 31 March 2020: Rs.56.29 million, 31 March 2019: Rs 54.53 million),

The Group is depreciating the property, plant and equipment acquired over the remaining useful life

(i, The Company was in the process of launching its initial public offer (IPO), accordingly the Company had filed DRHP with Securities and Exchange Board of India (SEBI) on 6 August 2018. As per the in-
principle approval received from SEBI the prescribed timeline for opening the subscription was till 4 October 2019. The Company had incurred expenses to the tune of Rs, 102.21 milion which has been charged
to the Revised Restated Consolidated Statement of Profit and Loss during the year ended 31 March 2020.

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