Go Fashion (India) Limited {formerly known as Go Fashion (In

Notes

 

) Private Limited}
to the restated consolidated financial information

(Amount in Millions, except for share data or as otherwise stated)

Note
No.
41

fa)

(b)

Restatement adjustment
‘The Company has followed the same accounting policy choices (transition options as per Ind AS 116) as adopted on 01 April 2019 for transition to Ind AS 116, while
preparing the restated consolidated financial information for the year ended 31 March 2019. The reconciliation of the same is as follows :

Reconciliation of equity

 

 

 

 

Particulars ‘Asat

31/Mar/2019 T/Apr/2018
Share capital 789.95 3589.95
Reserves and surplus 1,548.91 1,278.53
Equity balance as per special purpose consolidated financial information 2,338.86 1,868.48,

Restatement adjustment
Adjustments on account of transition to Ind AS 116 (Refer Note (a) below) -

 

(1) Amortisation of Right-of-use assets (273.49)| -

(2) Interest on Lease rental discounting (113.60)| -

(3) Rent reversal 308.76 -

Deferred Tax Asset impact on adoption of Ind AS 116 (Refer Note (a) below) 22.81 -
Equity balance as per restated consolidated financial information 2,283.34 1,868.48,

 

 

Reconciliation of total comprehensive income

 

 

Particulars For the year ended
31/Mar/2019
Profit as per special purpose consolidated financial information 470.38

Restatement adjustment
Adjustments on account of transition to Ind AS 116 (Refer Note (a) below) -

 

 

(1) Amortisation of Right-of-use assets (273.49)
(2) Interest on Lease rental discounting (113.60)

(3) Rent reversal 308.76
Deferred Tax Asset impact on adoption of Ind AS 116 (Refer Note (a) below) 22.81
Profit as per restated consolidated financial information 414.86

 

Explanatory notes restatement adjustments

‘The Company had adopted Ind AS 116 ‘Lease’ with the date of initial application being 01 April 2019. For the purpose of preparation of restated consolidated
financial information, the initial application date for Ind AS 116 has been considered as 01 April 2018, resulting in net impact of Rs. 55.52 Million (Net of Deferred
Tax Asset) in the restated ‘Other equity’ and ‘Total comprehensive income.

Material regrouping

Appropriate adjustments have been made in the Restated Financial Information, wherever required, by a reclassification of the corresponding items of income,
expenses, assets, liabilities and cash flows, as applicable, to conform with the requirements of amendments to Schedule III via MCA notification dated 24.03.2021
and requirements of Securities and Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2018 (as amended),

 

 

 

300
