REG - Subex Limited - Outcome of the Board Meeting held on Nov 12, 2014 <Origin Href="QuoteRef">SUBX.NS</Origin> - Part 3
13/11/2014 11:30
- Part 3: For the preceding part double click ID:nRSM9472Wb
payment on July 07, 2017.
(Rs. in Lakhs)
Particulars Three Months ended Preceding 3 Corresponding For the half year ended For the half year ended Previous Year ended
months ended 3 months ended
30/09/2014 30/06/2014 30/09/2013 30/09/2014 30/09/2013 31/03/2014
Unaudited Unaudited Unaudited Unaudited Unaudited Audited
Interest on FCCBs III 831 833 763 1,664 1,611 3,006
6 During the year ended March 31,
2014 , the Company had assessed
the carrying value of goodwill
arising from its investment in
its subsidiary viz. Subex
Americas Inc., amounting to
Rs.18,606 Lakhs. Based on the
management's assessment, there
was no impairment of such
goodwill taking into account the
future operational plans and
cash flows as prepared by the
management and accordingly, no
impairment loss was required to
be recognized. The Company
anticipates achieving its
projections by March 31, 2015,
and accordingly no provision is
considered necessary as at Sep
30, 2014. This is a 'matter of
emphasis' in the Limited Review
Report
7 The Company has only single
business segment with respect to
software products and related
services and hence has not made
any additional segment
disclosures.
8 Interest on term loan includes
the below interest which is due
to be paid in August/September
2016:
(Rs in Lakhs)
Particulars Three months ended Preceding 3 Corresponding For the half year ended For the half year ended Previous year ended
months ended 3 months ended
30/09/2014 30/06/2014 30/09/2013 30/09/2014 30/09/2013 31/03/2014
Interest on Term Loan 67 163 112 230 218 408
9 Consequent to the applicability
of the relevant provisions of
the Companies Act, 2013, the
Company has reassessed the
useful lives of all the assets.
This has resulted in change in
the useful life of Computers and
related equipment compared to
the previous estimates. On
account of the above, the
depreciation for the half year
and quarter ended September 30,
2014 is higher by Rs.92 Lakhs
and Rs. 41 Lakhs respectively.
As per provision of Part C of
Schedule II of the Companies
Act, 2013 an amount of Rs. 9
Lakhs has been debited to the
opening balance of the retained
earnings as at April 01, 2014
towards the carrying amount of
assets, where the remaining
useful life of these assets is
Nil.
10 Detail of Promoters and promoter
group shareholding is as per
reports furnished by the
Registrar and Transfer Agents of
the Company.
11 Previous period / year figures
have been re-grouped and/or re
-arranged to confirm with the
current period.
12 Pursuant to clause 41 of the
Listing Agreement, the Company
has opted to publish the
consolidated financial results.
The standalone financial
results, however, are being made
available to the Stock Exchanges
where the securities of the
Company are listed and are also
being posted on the Company's
website www.subex.com.
By Order of the Board Mumbai Date: 12th November, 2014 Surjeet Singh Managing Director & CEO For further details on the results, please visit our website: www.subex.com
This information is provided by RNS
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