209 / 236
207
Note 29.12 Leases
a) Operating lease
The Group has taken various residential and office premises under operating lease or leave and license Agreements. These
are generally cancellable, having a term between 11 months and 3 years and have no specific obligation for renewal.
Payments are recognised in the Statement of Profit and Loss under ‘Rent’ in Note 28.
b) Finance lease
The Group has taken on lease a parcel of land from Gujarat Industrial Development Corporation for a period of 99 years
with an option to extend the lease by another 99 years on expiry of lease at a rental that is 100% higher than the current
rental. However, the Group has no specific obligation for renewal. The Group believes has considered that such a lease of
land transfers substantially all of the risks and rewards incidental to ownership of land, and has thus accounted for the
same as Finance lease.
Note 29.13 Disclosures on specified bank notes (SBNs)
During the year, the Company had specified bank notes or other denomination notes as defined in the MCA notification
G.S.R. 308(E) dated March 30, 2017 on the details of Specified Bank Notes (SBN) held and transacted during the period from
November 08, 2016 to December 30, 2016 are as under:
(
`
cr)
Particular
SBN
Other
denomination
notes
Total
Closing cash in hand as on November 08, 2016*
0.07
0.12
0.19
(+) Permitted receipts
–
–
–
(-) Permitted payments
–
0.04
0.04
(-) Amount deposited in banks
0.07
–
0.07
Closing cash in hand as on December 30, 2016
–
0.08
0.08
* Including amount given as imprest.
The information in relation of other denomination is given in respect of balance as on November 08, 2016.
Note 29.14 Regrouped | Recast | Reclassified
Figures of the earlier year have been reclassified to conform to Ind AS Presentation requirements.
Note 29.15 Rounding off
Figures less than
`
50,000 have been shown at actuals in brackets.
Note 29.16 Interests in other entities
a) Subsidiary companies
The subsidiary companies of the Group at March 31, 2017 are set out below. Unless otherwise stated, they have Share
capital consisting solely of Equity shares that are held directly by the Group, and the proportion of ownership interests
held equals the voting rights held by the Group. The country of incorporation or registration is also their principal place
of business.
Notes
to the Consolidated Financial Statements