TVSMOTOR2019-04-012019-06-30in-bse-fin:OneOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares TVSMOTOR 2019-04-01 2020-03-31 2019-06-26 INR Crores First quarter Single segment Automotive Vehicles and Parts 2019-04-01 2019-06-30 Unaudited Standalone 44686200000.00 12000000.00 44698200000.00 32909000000.00 586700000.00 81500000.00 2488500000.00 291100000.00 1193700000.00 5062600000.00 42613100000.00 2085100000.00 0.00 2085100000.00 629700000.00 32400000.00 662100000.00 0.00 1423000000.00 0.00 0.00 0.00 0.00 1423000000.00 -154900000.00 1268100000.00 1268100000.00 0.00 475100000.00 1 3.00 3.00 0.00 0.00 3.00 3.00 1.The Operations of the Company relate to only one segment viz., automotive vehicles and parts. n2.During the quarter ended 30th June 2019, following Investments have been made in subsidiaries and associates: na. Rs.38.97 Crores in Equity shares of TVS Motor (Singapore) Pte. Limited, Singapore. nb. Rs.25.00 Crores in Equity shares of Sundaram Auto Components Limited, Chennai. nc. Rs. 5.00 Crores in Equity shares of Ultraviolette Automotive Private Limited, Bengaluru. n3.TVS Motor Services Limited (TVS MS), a wholly owned subsidiary of the Company has transferred its holding of 13,36,51,475 equity shares of Rs.10/- each in its subsidiary viz., TVS Credit Services Limited (TVS CS), to the Company in lieu of redemption of 61,30,10,000 Non-Cumulative Redeemable Preference Shares of Rs.10/- each as per the Order of the National Company Law Tribunal, Chennai, and thereby TVS CS became a direct subsidiary to the Company effective 6th June 2019. n4.Effective 1st April 2019, the company has adopted Ind AS 116 “Leases” and applied the Standard to its leases retrospectively and has recognised the effect of the cumulative adjustment (net of taxes) of Rs. 3.44 Crores in the opening balance of retained earnings, on the date of initial application (1st April 2019). Accordingly, comparatives for the period prior to the current quarter have not been restated. The adoption of the Standard has resulted in recognising Right-of-Use Asset” of Rs. 55.83 Crores and a corresponding “Lease Liability” of Rs. 61.12 Crores as at the date of initial application. nIn the financial results for the current quarter, the nature of expenses in respect of operating leases has changed from lease rent (included in other Expenses) in previous periods to Depreciation for the “Right-of-Use Assets” and Finance costs for interest on accrued liabilities. n5.The above unaudited financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on 22nd July 2019. These results have been subjected to limited review by the statutory auditors of the Company. n6.The figures for preceding 3 months ended 31st March 2019 are the balancing figures between the audited figures in respect of the full previous financial year and the published year to date figures upto the third quarter of the previous financial year. Other expenses 5062600000.00