GESHIP2020-04-012020-06-30in-bse-fin:OneOperatingExpenses01Member GESHIP2020-04-012020-06-30in-bse-fin:OneOperatingExpenses02Member GESHIP2020-04-012020-06-30in-bse-fin:OneOperatingExpenses03Member GESHIP2020-04-012020-06-30in-bse-fin:OneOperatingExpenses04Member GESHIP2020-04-012020-06-30in-bse-fin:OneOperatingExpenses05Member GESHIP2020-04-012020-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member GESHIP2020-04-012020-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares GESHIP 2020-04-01 2021-03-31 2020-07-20 INR Crores First quarter Single segment Shipping 2020-04-01 2020-06-30 Unaudited Standalone 9054700000.00 1196200000.00 10250900000.00 0.00 0.00 0.00 1190200000.00 629700000.00 1159600000.00 2484600000.00 5464100000.00 4786800000.00 0.00 4786800000.00 50000000.00 84100000.00 134100000.00 0.00 4652700000.00 0.00 0.00 0.00 0.00 4652700000.00 73900000.00 4726600000.00 0.00 0.00 1469700000.00 10 31.66 31.60 0.00 0.00 31.66 31.60 1. The shipping and offshore operations of the Group have continued, albeit with certain disruptions, following multi-country COVID-19 lockdowns. Operational challenges arising due to lockdowns including movement of manpower and materials are being appropriately addressed by the Management. n Offshore assets under term contracts with reputed customers continue to operate as per original schedules. For shipping, the impact of COVID-19 pandemic has been different across different types of assets. The volatility of freight rates has been higher than usual in some cases, but ships have continued to be deployed. Such enhanced volatility in markets has not materially impacted longterm rates considered in assessing recoverable amounts of the property, plant and equipment. The possible effects from the pandemic on the carrying amounts of receivables and unbilled revenues have been assessed, and carrying amounts of such assets are expected to be fully recoverable. The Group has adequate resources to meet its financial obligations in the foreseeable future. n The impact of COVID-19 may differ from that estimated as at the date of approval of these financial results. n 2. During the quarter, the Company has formed a wholly owned subsidiary in India viz. Great Eastern Services Limited, with main objects of providing allied shipping services. n 3. As per the terms of issue of 4,500 Secured Redeemable Non-convertible Debentures of Rs. 10 lakhs each, the Company has created and maintained exclusive charge on ships (with 1.20 times cover on market value of ships) and additional security by way of mortgage on immovable property. n 4. The figures for the quarter ended March 31, 2020 are the balancing figures between audited figures in respect of full financial year and the published year to date figures up to the third quarter of the relevant financial year, which was subject to limited review by the auditors. n 5. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on July 30, 2020. The Statutory Auditors of the Company have carried out a Limited Review of the results for the quarter ended June 30, 2020. n 6. The results for the quarter ended June 30, 2020, are available on the Bombay Stock Exchange website (URL:www.bseindia.com/corporates), the National Stock Exchange website (URL:www.nseindia.com/corporates) and on the Company website (URL: www.greatship.com/ financial_result.html Consumption of spares and stores 419800000.00 Foreign exchange (gain) / loss, (net) 38700000.00 Fuel oil and water 999800000.00 Other Expenses 664100000.00 Port, light and canal dues 362200000.00