REG - Ashok Leyland Ld - Audited financial results <Origin Href="QuoteRef">ASOK.NS</Origin> - Part 2

Ashok LeylandAnnouncement

25/05/2016 11:25

- Part 2: For the preceding part double click  ID:nRSY2793Za 

segment including vehicle financing                                                                                       
 and vehicle engineering services                                                                                          
 thereof.                                                                                                                  
 (2)    Exceptional items consist of:                                                                                       
                                                                                                                                                                                                                                                                                                                               Rs in Lakhs                                                              
                                     Description                                                                           Year Ended                                                                                                                                                                                                                                                                 
                                     31.03.2016                                                                            31.03.2015                                                                                                                                                                                                                                                                 
                                     Profit (net) from divestment of windmill business                                     -                                                                                                                                                                                                   1,516.58                                                                 
                                     Net Profit on sale of other Long - term Investments                                   42,579.53                                                                                                                                                                                           -                                                                        
                                     Net Profit on sale of Current Investments                                             -                                                                                                                                                                                                   27.55                                                                    
                                     Profit on sale of Immovable Properties                                                -                                                                                                                                                                                                   30,832.37                                                                
                                     Provision for Diminution / Loss in value of Investments                               (2,393.09)                                                                                                                                                                                          (1,019.47)                                                               
                                     Provision for impairment in the value of Goodwill                                     (21,856.62)                                                                                                                                                                                         -                                                                        
                                     Provision for impairment in value of Assets / Losses of Joint venture operations etc  (14,885.48)                                                                                                                                                                                         (60,888.64)                                                              
                                     Total                                                                                 3,444.34                                                                                                                                                                                            (29,531.61)                                                              
                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                                        
 (3) The Consolidated Results of the                                                                                       
 Company for the year include                                                                                              
 unaudited financials of three joint                                                                                       
 venture companies, as received,                                                                                           
 reflecting total assets (net) of                                                                                          
 Rs.55,125.45 lakhs, total                                                                                                 
 liabilities (net) of Rs.95,020.47                                                                                         
 lakhs, total revenue (net)                                                                                                
 Rs.17,272.56 lakhs and total                                                                                              
 expenditure (net) of Rs.101,307.78                                                                                        
 lakhs. The said financials are                                                                                            
 pending approval by the Board of                                                                                          
 Directors of these companies. As the                                                                                       
 Company is required to submit its                                                                                         
 consolidated results within 60 days                                                                                       
 from the end of the financial year                                                                                        
 to the Stock Exchange, it has                                                                                             
 considered the said financials, as                                                                                        
 received from the joint venture                                                                                           
 companies for the purposes of such                                                                                        
 consolidation. The statutory                                                                                              
 auditors have qualified the                                                                                               
 Consolidated Results in this regard.                                                                                       
                                                                                                                                                                                                                                                                                                                                                                                                        
 (4)       The figures for the                                                                                             
 previous periods have been                                                                                                
 reclassified / regrouped , wherever                                                                                       
 necessary.                                                                                                                
                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                        
 Place : Mumbai                                                                                                                                                                                                                                                                                                                                                                    VINOD K DASARI       
 Date  : May 25, 2016                                                                                                                                                                                                                                                                                                                                                              Managing Director    
                                                                                                                                                                                                                                                                                                                                                                                                                  
 
 
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