Suryoday Small Finance Bank Limited
Annexure 4: Restated Statement of Adjustments to Audited Financial Statements

Annexure 4.2: Notes

Notes

Adjustments for Audit Qualifications Nil

Changes in Accounting Policy:

Borrowing Cost Borrowing cost are recognised upfront instead of amortising over the tenor of the borrowing

PSLC Income The Bank used to book income upfront and changed to amortise the income over the residual
quarters

Regrouping and Reclassifications Refer Annexure 4.3

2019, the Company changed its accounting policy for recognising borrowing costs in the period in which they were
incurred against recognising these over the tenure of the borrowings. The above adjustment has been made to give effect of such change in
accounting policy in the respective financial years.

 

In FY 2019-20, on receipt of the RBI approval, The Bank debited share issue expenses to shares premium account in accordance with RBU/2006-
07/132 DBOD.BP.BC No. 31 / 21.04.018/ 2006-07. The Bank has adjusted the share issue expenses in the year in which the equity capital was
raised.

The above restatement will have corresponding impact on deferred taxes. Accordingly, the timing difference arising on account of restatement for the
above years has been considered in the respective financial years.

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