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

Annexure 4.1: Summarised below are the restatement adjustments made to the Audited Financial Statements for the periods ended December 31, 2020, December 31, 2019 and for the years
ended March 31, 2020, March 31, 2019 and March 31, 2018 and their impact on the profit/ (loss) of the Bank:

 

Amt. in millions

Period ended Period ended -Yearended —-Yearended =—-Year ended.

December 31,2020 December 31,2019 March 31,2020 March 31,2019 March 31, 2018

I Profit after tax as per audited financial statements (A) 548.6 1,264.17 1,109.37 865.97 101.26
IL Impact of Adjustments

a Finance Cost

Ammortisation of borrowing cost (Refer Note 1) e 402 4.02 1559 21.01
b Reserves and Surplus

Share issue expenses adjusted against securities premium account (Refer Note 2) Z : ; 27.87

‘Total impact of adjustments before tax (B) - 4.02 4.02 43.46 21.01

‘Tax Adjustment

Deferred Tax (Refer Note 3) ¢ aan (at 645) 735)
‘Total Tax Adjustment (C) : (41) (any G45) (7.33)
Net effect of increase in profit on adjustment after tax (D) = (B) -(C) : 261 261 3801 13.66

TI Profit after adjustments 548.66 1,266.78 1111.98 903.98 11492

(As per Restated Statement of Profit and Loss) (E) = (A + D)
Explanatory notes forthe above adjustments

1 With effect from 1 April, 2019, the Bank 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

2 In FY 2019-20, on receipt of the RBI approval, The Bank debited share issue expenses to shares premium account in accordance with RBL/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.

3 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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