AGS Transact Technologies Limited

 

Annexure VI: Notes to the Revised Restated Consolidated Financial Information

Note 7
Taxes (Continued)

(@) Movement in deferred tax balances

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Movement in deferred tax balances forthe year ended 31 March 2019 (Rs. in million)
Recognised in ‘
Particulars Netasset / Giability)| profit orloss- | Recognised in oct] Net asset’ (ability)
Taprit2018 | Oe ccs) 31 March 2019

Propery, plant and equipment 1038 Cay = aaa
Impact of Ind AS 116 (efer note 37) 170.66 31.00) z 201.66
[Other imangible assets (G50) 45.30 = 41.80)
Employee benefits 87.74 17:39 377 710.90
Trade receivables 2.45 8.65 = 1.10
Borrowings 3.47 0.92 439
Provision for warranties 2031 027 20.58)
Loans 9.17) @54) = 8.71)
[Derivatives 0.03, (0.03)

Unrealised gain (loss) on intra-group wansactions 4.13 G3)

Provision for expenses 1252 012.52) =
[Brought forward loss 39.07 121.14 = 16021
Deferred tax credit aa7.52 133.25 37 366.54
Deferred tax asset / (ability) 27.52 133.25, 3.77 366.54

 

 

 

 

 

 

 

1. Significant management judgement is required in determining provision for income tax, deferred income tax assets and liabilities and recoverability of deferred income tax assets
The recoverability of deferred income tax assets is based on estimates of taxable income by each jurisdiction in which the relevant entity operates and the year over which deferred
income tax assets will be recovered,

2. Deferred tax liability on undistributed earnings of subsidiaries was not recognised because the Company is able to control the timing of the reversal of temporary differences
associated with such undistributed profits and is probable that such differences will not reverse in the foreseeable future.

3, Deferred tax assets have not been recognised in respect of tax losses of Rs, 61.56 million (31 March 2021: Nil; 31 March 2020: Nil, 31 March 2019: Nil) because itis not probable
that future taxable profit will be available against which the Group can use benefit therefrom, The deferred tax assets recognised above are in respect of tax losses eligible to be carried
forward and utilised within a period of 8 years from the year in which the loss was incurred,
(Rs. in million)
‘BL August2021 31 March 2021 31 March 202031 March 2019

(©) Other non-current tax assets

 

Advance tax paid (net of provision for tax)* 269.85, 174.93 3 53533,

** Net of provision for tax Rs. 111.75 million (31 March 2021: Rs. 259.19 milion, 31 March 2020: Rs. 337.41 million, 31 March 2019: Rs. 292.96 million)

 

(Rs. in million)
‘BH August 202131 March 2021 31 March 202031 March 2019

(© Other current tax assets
Advance tax paid (net of provision for tax) 104.36

 

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