TRENT2019-04-012019-06-30in-bse-fin:OneOperatingExpenses01Member TRENT2019-04-012019-06-30in-bse-fin:OneOperatingExpenses02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares TRENT 2019-04-01 2020-03-31 2019-07-18 INR Lakhs First quarter Single segment Retail 2019-04-01 2019-06-30 Unaudited Standalone 7671882000.00 359009000.00 8030891000.00 0.00 3522991000.00 83628000.00 741685000.00 597272000.00 535807000.00 1684590000.00 7165973000.00 864918000.00 0.00 864918000.00 383500000.00 -98000000.00 285500000.00 0.00 579418000.00 0.00 0.00 0.00 0.00 579418000.00 1548000.00 580966000.00 0.00 0.00 332317000.00 1 1.74 1.74 0.00 0.00 1.74 1.74 Notes : n1.The above unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June'19 were reviewed by the Audit Committee and thereafter taken on record by the Board of Directors of the Company at its meeting held on 31st July , 2019. n n2.Sales of Westside format for the quarter ended 30th June 2019 was higher by 21% (Like to Like 12% ) as compared to the corresponding previous year. n n3.The main business of the Company and its group entities is retailing. All other activities of the Company and the group are incidental to the main business. Accordingly, there are no separate reportable segments. n n4.The exceptional item in the standalone financial results of the previous year and quarter relates to impairment of investments in Trent Global Holdings Limited (a wholly owned subsidiary of the Company). n n5.The results of the quarter ended 31st March 2019 are the balancing figure between audited results in respect of full financial year and published year to date results up to third quarter of relevant financial year which were subjected to limited review by statutory auditors. n n6.Effective April 1, 2019, Trent Ltd and its subsidiaries adopted Ind AS 116 .Leases , and applied the same to all applicable lease contracts existing on April 1, 2019 using the modified retrospective cumulative method allowed under the standard. Under this method, the cumulative adjustment, on the date of initial application,is taken to retained earnings and accordingly, comparatives for the year ended March 31, 2019 have not been retrospectively adjusted. On transition, the adoption of the new standard, in the standalone accounts, resulted in recognition of a Right-of-Use Asset (ROU) of Rs 1656.78 crs and a Lease Liability of Rs 2029.58crs, the difference being a cumulative debit to retained earnings of Rs 372.80 crs (net of taxes Rs 242.53 crs). In the Statement of Profit & Loss for the current period, the nature of expense for operating leases has changed from lease rent in the previous year to depreciation cost for the ROU assets and finance cost for interest accrued on lease liabilities.The net effect of this adoption is that the standalone and consolidated profit before tax for the period are lower by Rs 8.55 crs and Rs 11.32 crs respectively. n n7.Following adoption of Ind AS 116 effective from April 1,2019 the reported results are not comparable with the corresponding previous year /periods .The operating results are primarily not comparable on account of the following line items being impacted by the adoption of the new standard: depreciation, lease rentals and finance charges. The consolidated results for the quarter ended on June'18 and March'19 have not been subjected to limited review by the statutory auditor of the Company. Other Expenses 1179240000.00 Rent and Other Operating Lease Expenses 505350000.00