AGS Transact Technologies Limited

Annexure VI: Notes to the Revised Restated Consolidated Financial Information

 

Note 37
Leases

Group as a Lessee

The Group had entered into the operating lease for POS terminals. The leases have an average remaining life of 1 to 2 years. Further minimum lease rentals payable under non-cancellable operating leases are

follows:

(Rs. in million)

 

Particulars ‘BL August 2021 ‘31 March 2021 31 March 2020

‘31 March 2019

 

 

Tess than one year 55.43 47.95 69.05 103.35

Between one and five years 63.58 16.87 23.20 55.37

More than five years a 2 : ;
119.01 4.82 92.25 158.72

 

‘Changes in accounting polici

 

The Group has adopted Ind AS 116 effective from 1 April 2019 using modified retrospective approach. For the purpose of preparation of revised restated consolidated financial information, management has

evaluated the impact of change in accounting policies required due to adoption of Ind AS 116 for the year ended 31 March 2019,

The following isthe lease lability as at 31 August 2021, 31 March 2021, 31 March 2020 and 31 March 2019:

(Rs in million)

 

 

 

 

Particulars ‘BL August 2021 31 March 2021 ‘31 March 2020 ‘31 March 2019
Current lease liabilities 1,363.85, 1,305.87 1,519.41 1,410.87
‘Non-current lease liabilities 2,744.78 2,587.51 3,281.88, 3,566.46
Total 4,108.63 3,893.38 4,801.29 4,977.33

 

 

The following is the movement in lease liabilities during the period ended 31 August 2021 and for the year ended 31 March 2021, 31 March 2020 and 31 March 2019:

 

 

 

 

(Rs. in mil
Particulars 31 August 2021, 31 March 2021 31 March 2020 31 March 2019
Balance as at 1 April 3,893.38 4,801.29 4,977.33 5,110.53,
Additions 716.89 596.46 1,072.96 874.43,
Finance casts accrued during the year / period 181.50 465.18 522.23, 543.98
Payment of lease liabilities (616.21) (2,499.24) (2,496.82) (4,384.50)
‘Writeback of lease liabilities (66.93) (430.31) (274.41) (as7.11)
Balance as at end of the period / year (refer note 17b and 21b) 4108.63 3,893.38 4,801.29 4,977.33

 

 

The table below provides details regarding the contractual maturities of lease liabilities as at 31, August 2021, 31 March 2021, 31 March 2020 and 31 March 2019 on an undiscounted basis:

(Rs. in million)

 

 

 

Particulars ‘BH August 2021 ‘31 March 2021 ‘31 March 2020 31 March 2019
Less than one year 1,368.70 1,305.87 1,519.41 1,410.87
(One to five years 3,324.21 3,122.09 3,994.19 4,203.03,
‘More than five years 456,32 415.35 587.46 837.25
Total 5149.23 4843.31 6101.06 6451.15

 

 

The following is the movement in Right-of-use assets during the period ended 31 August 2021 and for the year ended 31 March 2021, 31 March 2020 and 31 March 2019:

(Rs. in million)

 

 

 

 

Particulars BH August 2021 ‘31 March 2021 31 March 2020 31 March 2019
Balance as at 1 April 3,207.08 405422, 4,245.79 4489.67
Additions 27.84 562.03, 1,116.02 894.30
Depreciation for the year/period (435.74) (2,119.26) (2,087.76) (971.23)
De-recognition of right-of-use asset (52.25) (289.96) (219.83) (166.
Balance as at end of the period / year 36.48 3,207.03 4,054.22 4,245.79

 
