AKZOINDIA2019-07-012019-09-30in-bse-fin:OneOperatingExpenses01Member AKZOINDIA2019-07-012019-09-30in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares AKZOINDIA 2019-04-01 2020-03-31 2019-10-29 INR Millions Half yearly Geographical 2019-07-01 2019-09-30 Unaudited Consolidated 6338200000.00 66800000.00 6405000000.00 2621200000.00 735300000.00 -9600000.00 646700000.00 28100000.00 203600000.00 1616600000.00 5841900000.00 563100000.00 0.00 563100000.00 61700000.00 8900000.00 70600000.00 0.00 492500000.00 0.00 0.00 0.00 0.00 492500000.00 -13600000.00 478900000.00 0.00 0.00 455400000.00 10 10.81 10.81 0.00 0.00 10.81 10.81 0.00 0.00 0.00 1.tThis statement has been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 8 November 2019. The figures for the quarter and six months ended 30 September 2018 have not been subjected to limited review by the statutory auditors. n n2.tExceptional items reported during the quarter ended 30 September 2018 and year ended 31 March 2019 represent divestment provisions no longer required written back. n n3.tEffective April 1, 2019, the Group (Parent & its Subsidiary) has adopted Ind AS 116 'Leases' using the modified retrospective transition method and, accordingly, the comparatives for earlier periods presented have not been restated. The Group has chosen to measure the right-of-use asset at an amount equal to the lease liability, adjusted by the amount of any prepaid or accrued lease payments relating to that lease recognised in the balance sheet immediately before the date of initial application. nOn transition to Ind AS 116, the Group recognised right-of-use assets amounting to Rs. 669 Mn and lease liability amounting to Rs. 654 Mn. During the current quarter and six months ended 30 September 2019, the reported adjustments to following line items are as under: ntttttttttttRs. In Million nParticularstQuarter ended 30 September 2019tSix months ended 30 September 2019 nIncrease in Depreciationt41.8t82.8 nIncrease in Finance Costt14.7t28.7 nDecrease in Other Expenset47.9t100.9 nDecrease in Profit Before Taxt8.6t10.6 n n4.tThe Company has chosen to exercise the option of lower tax rate of 25.17% (inclusive of surcharge & cess) under section 115BAA of the Income Tax Act, 1961 as introduced by the Taxation Laws (Amendment) Ordinance, 2019 effective 1 April 2019. Consequent to this change, the tax balances have been remeasured at this reduced rate of 25.17%, which has resulted in reversal of current tax recognised in the previous quarter of Rs. 99.8 Mn and deferred tax asset (net) of Rs. 31.9 Mn during the quarter and six months ended 30 September 2019. n n5.tThe Group operates in single segment viz. Coatings. Therefore, separate segment disclosures under the provisions of Ind AS 108 have not been given in respect of Consolidated Financial Results for the quarter and six months ended 30 September 2019. n n6.tPrevious period figures have been regrouped/ reclassified, wherever necessary, to make them comparable to the current period figures. 2019-04-01 2019-09-30 Unaudited Consolidated 13535100000.00 146200000.00 13681300000.00 6403700000.00 1081000000.00 -196500000.00 1335000000.00 53400000.00 405600000.00 3150100000.00 12232300000.00 1449000000.00 0.00 1449000000.00 431400000.00 -46300000.00 385100000.00 0.00 1063900000.00 0.00 0.00 0.00 0.00 1063900000.00 -41600000.00 1022300000.00 0.00 0.00 455400000.00 10 23.36 23.36 0.00 0.00 23.36 23.36 0.00 0.00 0.00 Other Expenses 1616600000.00 Other Expenses 3150100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00