ABB2020-01-012020-03-31in-bse-fin:OneOperatingExpenses01Member ABB2020-01-012020-03-31in-bse-fin:OneOperatingExpenses02Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentRevenue01Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentRevenue02Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentRevenue03Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentRevenue04Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentRevenue05Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentRevenue06Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentResults01Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentResults02Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentResults03Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentResults04Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentResults05Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentResults06Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentAssets01Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentAssets02Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentAssets03Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentAssets04Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentAssets05Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentAssets06Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentLiabilities01Member ABB2020-03-31in-bse-fin:OneReportableSegmentLiabilities01Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentLiabilities02Member ABB2020-03-31in-bse-fin:OneReportableSegmentLiabilities02Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentLiabilities03Member ABB2020-03-31in-bse-fin:OneReportableSegmentLiabilities03Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentLiabilities04Member ABB2020-03-31in-bse-fin:OneReportableSegmentLiabilities04Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentLiabilities05Member ABB2020-03-31in-bse-fin:OneReportableSegmentLiabilities05Member ABB2020-01-012020-03-31in-bse-fin:OneReportableSegmentLiabilities06Member ABB2020-03-31in-bse-fin:OneReportableSegmentLiabilities06Member ABB2020-01-012020-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares ABB 2020-01-01 2020-12-31 2020-04-20 INR Crores First quarter Multi segment 2020-01-01 2020-03-31 Unaudited Standalone 15222400000.00 457800000.00 15680200000.00 8575800000.00 1090500000.00 -269800000.00 1633400000.00 33900000.00 270700000.00 4047500000.00 15382000000.00 298200000.00 567900000.00 866100000.00 261700000.00 -55600000.00 206100000.00 0.00 660000000.00 -18100000.00 -4500000.00 -13600000.00 0.00 646400000.00 -29200000.00 617200000.00 617200000.00 0.00 423800000.00 2 3.11 3.11 -0.06 -0.06 3.05 3.05 1. This statement has been reviewed by the Audit Committee and recommended for approval to the Board and the Board approved at its meeting held on May 13, 2020. n n2. The Company has adopted IND AS 116, effective January 1, 2020 and applied the standard to its leases, retrospectively, with the cumulative effect of initially applying the Standard, recognized on the date of initial application (January 1, 2020). Accordingly, the Company has not restated comparative information, instead, the cumulative effect of initially applying this standard has been recognized as an adjustment to the opening balance of retained earnings as on January 1, 2020. The Company has adopted Ind AS 116 using the modified retrospective method for transitioning. n n3. The board at its meeting held on July 9, 2019, granted in-principle approval for sale of Company's solar inverter business (Business) to an Italian Company, FIMER S.p.A. Consequently, pursuant to the requirements of Ind AS 105 - Non Current Assets held for Sale and Discontinued Operations, the Company classified the assets as at December 31, 2019 pertaining to the Solar Inverter Business as Assets held for sale and measured the same at lower of cost and fair value (fair value less costs to sell). In this regard, during the quarter ended December 31, 2019, the Company accounted exceptional cost amounting to ` 69.70 Crores towards the remeasurement of fixed assets and inventories at realisable values. n nAfter obtaining Board’s final approval for sale of Business, on March 30, 2020, the Company entered into a Business Transfer Agreement (BTA) with Marici Solar India Private Limited, a wholly owned entity of FIMER S.p.A., in India (‘Marici India’) for sale of Solar inverter business for a consideration of ` 105.63 Crores. The effective date of BTA is April 1, 2020. Pursuant to the BTA, during the quarter, the Company reversed exceptional cost amounting to ` 56.79 Crores representing consideration receivable in excess of net assets to be transferred based on the aforesaid BTA. n n4. On March 5, 2019, the Board of Directors of Company approved the Scheme of Arrangement amongst the Company and ABB Power Products and Systems India Limited (APPSIL) for Demerger of Company’s Power Grids business to APPSIL (“Demerger”) and the Appointed date for the Demerger was April 1, 2019. The Demerger was approved by National Company Law Tribunal (‘NCLT’) and the NCLT approval was filed with the Registrar of Companies on December 1, 2019 (Effective date). n nOn effective date, with effect from the Appointed Date i.e., April 1, 2019, the Power Grid business of the Company ('the transferred business') was transferred into APPSIL , ('the resulting company').The financial results of Power Grids business was presented as discontinued operations in the year ended December 31, 2019. Further, expenses incurred during the quarter relating to the discontinued business is disclosed as part of discontinued operations. Other expenses 3516800000.00 Subcontracting charge 530700000.00 Electrification 6228700000.00 Industrial Automation 2934700000.00 Motion 5673900000.00 Others 237500000.00 Power Grids (Discontinued operations) 0.00 Robotics & Discrete Automation 425500000.00 15500300000.00 277900000.00 15222400000.00 Electrification 397100000.00 Industrial Automation 28200000.00 Motion 210400000.00 Others 0.00 Power Grids (Discontinued operations) -18100000.00 Robotics & Discrete Automation -41600000.00 576000000.00 33900000.00 -305900000.00 5. The spread of COVID-19 has severely impacted businesses around the globe. In many countries, including India, there has been severe disruption to regular business operations due to lock¬downs, disruptions in transportation, supply chain, travel bans, quarantines, social distancing and other emergency measures. The COVID -19 pandemic is rapidly spreading throughout the world. ABB’s plants and offices are under nationwide lockdown since March 24, 2020. As a result of lockdown the volumes for the month of March 2020 has been impacted. The Company is monitoring the situation closely and operations is being resumed in a phased manner taking into account directives from the Government. The Company has evaluated its liquidity position and of recoverability and carrying values of its assets and has concluded that no material adjustments are required at this stage in the financial results. n n6. The figures for the last quarter of previous period are balancing figures between the audited figures for the period from January 1, 2019 to December 31, 2019 and the figures from January 1, 2019 to September 30, 2019. The figures up to the end of the third quarter of previous financial period has been subjected to limited review. n n7. Other income includes interest on income tax refunds amounting to Rs.18.16 Crores. 848000000.00 Electrification 15611500000.00 Industrial Automation 10218200000.00 Motion 12379300000.00 Others 0.00 Power Grids (Discontinued operations) 0.00 Robotics & Discrete Automation 1292400000.00 39501400000.00 41230900000.00 80732300000.00 Electrification 8841100000.00 Industrial Automation 7222300000.00 Motion 9839000000.00 Others 0.00 Power Grids (Discontinued operations) 0.00 Robotics & Discrete Automation 1049100000.00 26951500000.00 17992900000.00 44944400000.00