BATAINDIA2020-01-012020-03-31in-bse-fin:OneOperatingExpenses01Member BATAINDIA2020-01-012020-03-31in-bse-fin:OneOperatingExpenses02Member BATAINDIA2020-01-012020-03-31in-bse-fin:FourOperatingExpenses01Member BATAINDIA2020-01-012020-03-31in-bse-fin:FourOperatingExpenses02Member BATAINDIA2020-01-012020-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member BATAINDIA2020-01-012020-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member BATAINDIA2020-01-012020-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member BATAINDIA2020-01-012020-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares BATAINDIA 2019-04-01 2020-03-31 2020-05-21 INR Millions Yearly Single segment Footwear & Accessories 2020-01-01 2020-03-31 Audited Standalone 6197030000.00 171050000.00 6368080000.00 967580000.00 2875020000.00 -1286370000.00 919030000.00 271200000.00 714360000.00 1333520000.00 5794340000.00 573740000.00 0.00 573740000.00 92910000.00 104760000.00 197670000.00 0.00 376070000.00 0.00 0.00 0.00 0.00 376070000.00 1300000.00 377370000.00 0.00 0.00 642640000.00 5 2.93 2.93 0.00 0.00 2.93 2.93 Notes :ttttttttt n1tThe above standalone results were reviewed by the Audit Committee and approved by the Board of Directors at the Board Meeting held on 25th May 2020. n2tIn second quarter, the Company has elected to exercise the option permitted under section 115BAA of the Income Tax Act,1961 as introduced by the Taxation Laws (Amendment) Ordinance, 2019. Accordingly, the Company has recognised Provision for Income Tax for the quarter and year ended 31st March 2020 and re- measured its Deferred Tax Assets basis the rate prescribed in the said section. The impact of this change has been recognised over the period from 1 July 2019 to 31 March 2020. n3tRevenue from operations for the quarter ended 31st March 2020 of Rs. 6197.03 million have decreased by 9% over the corresponding period last year primarily due to lockdown of the Company's stores towards second half for the month of March 2020 as per government directives for COVID 19. n4tProfit before tax for the quarter ended 31st March 2020 of Rs. 573.74 million has decreased by 45% over the corresponding period last year primarily due to loss of revenue as referred in note 3 above and impact of Ind-AS 116 as referred in note 6 below. Profit after tax is not comparable due to one-time tax reversal of Rs. 199.31 million last year and adoption of rate change as referred in note 2 above. n5tThe Company operates in a single business segment, i.e., Footwear and Accessories. n6tEffective 1st April, 2019, the Company has adopted Ind AS 116 Leases , applied to all lease contracts existing on 1st April, 2019 using the modified retrospective method and has taken the cumulative adjustment to retained earnings, on the date of initial application. Accordingly, the Company is not required to restate the comparative information. nOn 1st April, 2019 the Company has recognised a lease liability measured at the present value of the remaining lease payments and Right-of-Use (ROU ) asset at its carrying amount as if the standard had been applied since the lease commencement date, but discounted using the lessee's incremental borrowing rate as at 1st April, 2019. n tConsequently, in the statement of profit and loss for the current quarter and year ended 31st March 2020, the nature of expenses in respect of operating leases has changed from “Rent” in previous period to “Depreciation and amortisation expense” for the right of use assets and “Finance cost” for interest accrued on lease liability. As a result the “Rent”, “Depreciation and amortisation expense” and “Finance cost” of the current periods are not comparable to the earlier periods. To that extent the performance of the current periods are not comparable with previous period results, the reconciliation of above effect on statement of profit and loss for the quarter and year ended 31st March, 2020 is as under: n tImpact of Ind-AS 116 - Leases to current period statementtQuarter ended 31st March 2020 comparable basistInd-AS 116 impacttQuarter ended 31st March 2020 as reportedtYear ended 31st March 2020 comparable basistInd-AS 116 impacttYear ended 31st March 2020 as reported n tRentt918.21t(749.16)t169.05t3813.92t(3309.75)t504.17 n tOther Expensest1164.47t - t1164.47t5023.54t(17.87)t5005.67 n tDepreciation and amortization expensest149.12t565.24t714.36t643.03t2314.62t2957.65 n tFinance costst2.01t269.19t271.20t23.46t1153.95t1177.41 n tProfit before taxt659.01t(85.27)t573.74t4991.72t(140.95)t4850.77 n tLess : Tax expensest(219.12)t21.45t(197.67)t(1617.09)t35.47t(1581.62) n tProfit after taxt439.89t(63.82)t376.07t3374.63t(105.48)t3269.15 Single segment 2019-04-01 2020-03-31 Audited Standalone 30534510000.00 688410000.00 31222920000.00 2569590000.00 10736150000.00 -342710000.00 3764220000.00 1177410000.00 2957650000.00 5509840000.00 26372150000.00 4850770000.00 0.00 4850770000.00 1170150000.00 411470000.00 1581620000.00 0.00 3269150000.00 0.00 0.00 0.00 0.00 3269150000.00 -20270000.00 3248880000.00 0.00 0.00 642640000.00 5 18323150000.00 25.44 25.44 0.00 0.00 25.44 25.44 Other Expenses 1164470000.00 Rent 169050000.00 Other Expenses 5005670000.00 Rent 504170000.00 7tThe Board of Directors have recommended a dividend of Rs. 4.00 per share (80% on an equity share of par value of Rs. 5/- each) for the year ended 31st March, 2020. The payment is subject to approval of the shareholders at the ensuing Annual General Meeting of the Company. n8tThe figures for the quarters ended 31st March 2020 and 31st March 2019 are balancing figures between audited figures in respect of the full financial year and the published year to date figure upto 31st December 2020 and 31st December 2019 respectively. Also, the figures upto the end of third quarter were only reviewed and not subject to audit. n9tThe report of Statutory Auditors is being filed with National Stock Exchange of India Limited, BSE Limited and The Calcutta Stock Exchange Limited. For more details on audited results, please visit Investor Relations section of our website www.bata.in and Financial Results at Corporate section of www.nseindia.com, www.bseindia.com and www.cse-india.com. n10tIn view of the lockdown across the country due to the COVID19, the store operations had been suspended temporarily in compliance with the directives/orders issued by the relevant authorities. The Company has made detailed assessments of the recoverability and carrying values of its assets comprising property, plant and equipment, inventories, receivables and other current assets as at the balance sheet date and on the basis of evaluation, has concluded that no material adjustments are required in the standalone financial results. Given the uncertainties associated with nature, condition and duration of COVID19, the impact assessment on the Company's financial statements will be continuously made and provided for as required. nSubsequent to year end, Company's stores have resumed partial operations as per government guidelines and directives prescribed.