GOLD FLAKE CORPORATION LIMITED

REPORT OF THE BOARD OF DIRECTORS FOR THE FINANCIAL YEAR

ENDED 31ST MARCH, 2017
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Annexure 3 to the Report of the Board of Directors

FORM NO. MGT-9
EXTRACT OF ANNUAL RETURN
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[Pursuant to Section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies (Management and Administration) Rules, 2014]
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III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES

Sl. 1DPHDQGDGGUHVVRIWKHFRPSDQ\ CIN / GLN Holding / Subsidiary % of shares held in / Applicable

No. / Associate E\WKH&RPSDQ\ Section
1 ,7C /imiteG /16:%113/C18 +oOGiQJ FompDQ\ 1 2(46)
9irJiQiD +oXse
3 -DZDhDrODO 1ehrX RoDG
.oONDtD –  1

2 $7C /imiteG 8167=133/C181 $ssoFiDte FompDQ\ 4 2(6)

3 RDMDMi 1DJDr
+osXr – 63 126

3 ,7C (sseQtrD /imiteG 8811.$133/C1428 -oiQt YeQtXre FompDQ\  2(6)

6XrYe\ 1o 2 3
'oGGDMDOD 3ost <DrthiJDQDhDOOi
%ettDhDODsXr 3ost
%eQJDOXrX – 62 1

284
 GOLD FLAKE CORPORATION LIMITED

IV. SHAREHOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
(i) Category-wise Shareholding:

Category of Shareholders No. of Shares held at the beginning of the year No. of Shares held at the end of the year %
'HPDW Physical Total % of Total 'HPDW Physical Total % of Total Change
Shares Shares during
the year
$3URPRWHUV
(1) Indian
D) ,QGiYiGXDO+8) – – – – – – – – 1$
E) CeQtrDO *oYt – – – – – – – – 1$
F) 6tDte *oYt(s) – – – – – – – – 1$
G) %oGies Corp – 1838 1838 1 – 1838 1838 1 1iO
e) %DQNs  ), – – – – – – – – 1$
I) $Q\ 2ther – – – – – – – – 1$
Sub-total (A)(1) – 1,59,98,385 1,59,98,385 100.00 – 1,59,98,385 1,59,98,385 100.00 Nil
(2) Foreign
D) 1R,s – ,QGiYiGXDOs – – – – – – – – 1$
E) 2ther – ,QGiYiGXDOs – – – – – – – – 1$
F) %oGies Corp – – – – – – – – 1$
G) %DQNs  ), – – – – – – – – 1$
e) $Q\ 2ther – – – – – – – – 1$
Sub-total (A)(2) – – – – – – – – N.A.
Total shareholding of – 1,59,98,385 1,59,98,385 100.00 – 1,59,98,385 1,59,98,385 100.00 Nil
3URPRWHU$ $$
B. Public Shareholding
(1) Institutions
D) 0XtXDO )XQGs – – – – – – – – 1$
E) %DQNs  ), – – – – – – – – 1$
F) CeQtrDO *oYt – – – – – – – – 1$
G) 6tDte *oYt(s) – – – – – – – – 1$
e) 9eQtXre CDpitDO )XQGs – – – – – – – – 1$
I) ,QsXrDQFe CompDQies – – – – – – – – 1$
J) ),,s – – – – – – – – 1$
h) )oreiJQ 9eQtXre CDpitDO )XQGs – – – – – – – – 1$
i) 2thers (speFiI\) – – – – – – – – 1$
Sub-total (B)(1) – – – – – – – – N.A.
(2) Non-Institutions
D) %oGies Corp
i) ,QGiDQ – – – – – – – – 1$
ii) 2YerseDs – – – – – – – – 1$
E) ,QGiYiGXDOs
i) ,QGiYiGXDO shDrehoOGers – – – – – – – – 1$
hoOGiQJ QomiQDO shDre FDpitDO
upto ` 1 ODNh
ii) ,QGiYiGuDO shDrehoOGers
hoOGiQJ QomiQDO shDre FDpitDO – – – – – – – – 1$
iQ e[Fess oI ` 1 ODNh
F) 2thers (speFiI\) – – – – – – – – 1$

Sub-total (B)(2) – – – – – – – – N.A.

Total Public Shareholding – – – – – – – – N.A.

% %%

C 6hDres heOG E\ CustoGiDQ Ior – – – – – – – – 1$

*'Rs $'Rs
*UDQG7RWDO$%& – 1,59,98,385 1,59,98,385 100.00 – 1,59,98,385 1,59,98,385 100.00 Nil

(ii)6KDUHKROGLQJRI3URPRWHUV

Sl. Shareholder’s Shareholding at the beginning of the year Shareholding at the end of the year % change in
No. 1DPH shareholding
No. of Shares % of total Shares % of Shares No. of Shares % of total Shares % of Shares during the year
RIWKH&RPSDQ\ pledged / RIWKH&RPSDQ\ pledged /
HQFXPEHUHGWR HQFXPEHUHGWR
total Shares total Shares

1 ,7C /imiteG 1838 1 1iO 1838 1 1iO 1iO

28
 GOLD FLAKE CORPORATION LIMITED
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Sl. Shareholding at the beginning of the year &XPXODWLYH6KDUHKROGLQJGXULQJWKH\HDU

No.
No. of Shares % of total Shares of No. of Shares % of total Shares of
WKH&RPSDQ\ WKH&RPSDQ\
$t the EeJiQQiQJ oI the \eDr
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3romoters 6hDrehoOGiQJ GuriQJ the \eDr
$t the eQG oI the \eDr

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(Y) Shareholding of Directors and Key Managerial Personnel: 1oQe oI the 'ireFtors DQG .e\ 0DQDJeriDO 3ersoQQeO hoOG DQ\ shDre iQ the CompDQ\ iQ
their iQGiYiGuDO FDpDFit\
V. INDEBTEDNESS
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VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
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No. 0DQDJHU &RPSDQ\6HFUHWDU\
(refer Note 1)
1 *ross 6DODr\
(D) 6DODr\ Ds per proYisioQs FoQtDiQeG iQ 6eFtioQ 1(1) oI the ,QFometD[ $Ft 161 21314
(E) 9DOue oI perTuisites uQGer 6eFtioQ 1(2) oI the ,QFometD[ $Ft 161 42
(F) 3roåts iQ Oieu oI sDODr\ uQGer 6eFtioQ 1(3) oI the ,QFometD[ $Ft 161 –
2 6toFN 2ptioQ –
3 6ZeDt (Tuit\ –
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CeiOiQJ Ds per the CompDQies $Ft 213 84 per DQQum
(refer Note 2)

Note 1: Ms. N. Bajaj is on deputation from ITC Limited.

Note 2: Ceiling as per Part II of Schedule 9 to the Companies Act, 2013 has Eeen disclosed, considering that the proåts of the Compan\ for the ånancial \ear ended
31st March, 2017 are inadequate.
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1 Independent Directors

6 %DQerMee 13 1iO 1 14

$ *uhDmDOOiFN 13 1 14

7RWDO$PRXQW% 2,60,000 20,000 2,80,000

2 Other Non-Executive Directors

R 7DQGoQ 1iO 1iO 1iO 1iO

% % ChDtterMee

6DrDGiQGu 'uttD

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2YerDOO FeiOiQJ Ds per the CompDQies $Ft 213 84 per DQQum
(refer Note)

Note: Ceiling as per Part II of Schedule 9 to the Companies Act, 2013 has Eeen disclosed, considering that the proåts of the Compan\ for the ånancial
\ear ended 31st March, 2017 are inadequate.

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1 *ross 6DODr\

(D) 6DODr\ Ds per proYisioQs FoQtDiQeG iQ 6eFtioQ 1(1) oI the ,QFometD[ $Ft 161 286644

(E) 9DOue oI perTuisites uQGer 6eFtioQ 1(2) oI the ,QFometD[ $Ft 161 18

(F) 3roåts iQ Oieu oI sDODr\ uQGer 6eFtioQ 1(3) oI the ,QFometD[ $Ft 161 –

2 6toFN 2ptioQ –

3 6ZeDt (Tuit\ –

4 CommissioQ –
 Ds  oI proåt
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7RWDO$PRXQW 33,82,702

Note: Mr. 9. LuharuNa is on deputation from ITC Limited (ITC) and has Eeen granted StocN 2ptions E\ ITC under its (mplo\ee StocN 2ption Schemes at ÕmarNet
priceÖ [Zithin the meaning of the Securities and ([change Board of India (Share Based (mplo\ee Beneåts) Regulations, 2014]. Since such 2ptions are not tradeaEle,
no perquisite or Eeneåt is immediatel\ conferred upon him E\ such grant of 2ptions, and accordingl\ the said grant has not Eeen considered as remuneration.
9,,3(1$/7,(6381,6+0(17&203281',1*2)2))(1&(6DJDLQVWWKH&RPSDQ\'LUHFWRUVDQGRWKHU2IåFHUVLQ'HIDXOWXQGHUWKH&RPSDQLHV
Act, 2013 : 1oQe
2Q EehDOI oI the %oDrG
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'DteG  2th $priO 21 6 'uttD Director

28

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GOLD FLAKE
CORPORATION LIMITED
Report RQWKH6WDQGDORQH,QG$6)LQDQFLDO6WDWHPHQWV
1 :e hDYe DuGiteG the DFFompDQ\iQJ stDQGDOoQe ,QG $6 åQDQFiDO stDtemeQts
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ANNEXURE-A : TO THE INDEPENDENT AUDITOR’S REPORT TO THE
MEMBERS OF GOLD FLAKE CORPORATION LIMITED
>ReIerreG to iQ pDrDJrDph 1 oI the ,QGepeQGeQt $uGitorÖs Report oI eYeQ GDte@
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288
GOLD FLAKE CORPORATION LIMITED
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28
 GOLD FLAKE CORPORATION LIMITED
BALANCE SHEET AS AT 31ST MARCH, 2017
As at $s Dt $s Dt
Note 31st March, 31st 0DrFh 1st $priO
2017 216 21
(`) (`) (`)
ASSETS
Non-current assets
(D) 3ropert\ 3ODQt DQG (TuipmeQt 1 24,103 3321 –
(E) )iQDQFiDO $ssets
,QYestmeQts 2 6,00,63,750 663 663
(F) 2ther QoQFurreQt Dssets 3 1,37,038 43621 368
Current assets
(D) )iQDQFiDO $ssets
(i) CDsh DQG FDsh eTuiYDOeQts 4 1,76,71,043 144 3412
(ii) 2ther %DQN %DODQFes  17,59,72,799 166882 14136
(iii)2thers 6 24,57,280 19,61,01,122 2488423 1631 21361 1436288
TOTAL ASSETS 25,63,26,013 23243 24441
EQUITY AND LIABILITIES
Equity
(D) (Tuit\ 6hDre FDpitDO  15,99,83,850 1838 1838
(E) 2ther (Tuit\ 9,57,67,953 25,57,51,803 223282 232132 4384242 2382632
Liabilities
Non-current liabilities
(D) 3roYisioQs 8 – – 1682
Current liabilities
(D) )iQDQFiDO /iDEiOities
2ther åQDQFiDO OiDEiOities  5,74,210 5,74,210 36 36  
(E) 2ther FurreQt OiDEiOities 1 – – 4
TOTAL EQUITY AND LIABILITIES 25,63,26,013 23243 24441

7he DFFompDQ\iQJ Qotes 1 to 18 Dre DQ iQteJrDO pDrt of the )iQDQFiDO 6tDtemeQts

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.$0$/ .80$R %+$1-$
Partner 6 '877$ Director R 7$1'21 Chairman
.oONDtD 2th $priO 21 9 /8+$R8.$ Chief )inancial 2fåcer 1 %$-$- Manager Compan\ Secretar\

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31ST MARCH, 2017
1ote For the year ended )or the \eDr eQGeG
31st March, 2017 31st 0DrFh 216
(`) (`)
, 2ther ,QFome 11 3,46,47,049 34126
7RWDO,QFRPH, 3,46,47,049 34126
,, EXPENSES
(mpOo\ee EeQeåts e[peQse 12 61,44,207 4381211
'epreFiDtioQ e[peQse 13,218 4418
2ther e[peQses 13 5,09,324 686
Total expenses (II) 66,66,749 48261
,,, 3URåWEHIRUHWD[,,, 2,79,80,300 228161
,9 Tax expense:
CurreQt 7D[ 14 24,35,629 28331
9 3URåWIRUWKH\HDU,,,,9 2,55,44,671 263883
9, 2WKHU&RPSUHKHQVLYH,QFRPH – –
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9,,, (DrQiQJs per eTuit\ shDre (fDFe YDOue of ` 1 eDFh)
 %DsiF DQG 'iOuteG (iQ `) 1 (i) 1.60 16

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Chartered Accountants 2Q EehDOf of the %oDrG
.$0$/ .80$R %+$1-$
Partner 6 '877$ Director R 7$1'21 Chairman
.oONDtD 2th $priO 21 9 /8+$R8.$ Chief )inancial 2fåcer 1 %$-$- Manager Compan\ Secretar\

2
 GOLD FLAKE CORPORATION LIMITED
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31ST MARCH, 2017
A. Equity Share Capital (`)
Balance at the beginning of Changes in equity share Balance at the end of the
the reporting year capital during the year reporting year
)or the \eDr eQGeG 31st 0DrFh 216 1838 – 1838
)or the \eDr eQGeG 31st 0DrFh 21 1838 – 1838

B. Other Equity (`)

Reserves and Surplus

Total
Retained Earnings General Reserve
Balance as at 1st April, 2015 311622 826223 4384242
3roåt for the \eDr 263883 – 263883
2ther CompreheQsiYe ,QFome (Qet of tD[) – – –
7RWDO&RPSUHKHQVLYH,QFRPHIRUWKH\HDU 2,63,80,830 – 2,63,80,830
Balance as at 31st March, 2016 6,14,97,059 87,26,223 7,02,23,282
3roåt for the \eDr 24461 – 24461
2ther CompreheQsiYe ,QFome (Qet of 7D[) – – –
7RWDO&RPSUHKHQVLYH,QFRPHIRUWKH\HDU 2,55,44,671 – 2,55,44,671
Balance as at 31st March, 2017 8,70,41,730 87,26,223 9,57,67,953
General Reserve: 7his ReserYe is FreDteG E\ DQ DppropriDtioQ from oQe FompoQeQt of eTuit\ (JeQerDOO\ retDiQeG eDrQiQJs) to DQother Qot EeiQJ DQ item of 2ther
CompreheQsiYe ,QFome 7he sDme FDQ Ee utiOiseG E\ the CompDQ\ iQ DFForGDQFe Zith the proYisioQs of the CompDQies $Ft 213

Retained Earnings: 7his ReserYe represeQts the FumuODtiYe proåts of the CompDQ\ DQG effeFts of remeDsuremeQt of GeåQeG EeQeåt oEOiJDtioQs 7his ReserYe FDQ Ee utiOi]eG iQ
DFForGDQFe Zith the proYisioQs of the CompDQies $Ft 213
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)or /%-hD Co

Chartered Accountants 2Q EehDOf of the %oDrG
.$0$/ .80$R %+$1-$
Partner 6 '877$ Director R 7$1'21 Chairman
.oONDtD 2th $priO 21 9 /8+$R8.$ Chief )inancial 2fåcer 1 %$-$- Manager Compan\ Secretar\

&$6+)/2:67$7(0(17)257+(<($5(1'('ST MARCH, 2017

For the year ended )or the \eDr eQGeG
31st March, 2017 31st 0DrFh 216
(`) (`)
$ &DVK)ORZIURP2SHUDWLQJ$FWLYLWLHV
3R2),7 %()2R( 7$; 2,79,80,300 228161
ADJUSTMENTS FOR:
'epreFiDtioQ e[peQse 13,218 4418
,Qterest ,QFome (1,43,75,219) (13226)
'iYiGeQG ,QFome (2,02,50,000) (22)
23(R$7,1* 3R2),7 %()2R( :2R.,1* C$3,7$/ C+$1*(6 (66,31,701) (48881)
$'-8670(176 )2R
2ther åQDQFiDO OiDEDOities 5,37,635 (1142)
C$6+ 86(' ,1 23(R$7,216 (60,94,066) (3)
,QFome tD[ pDiG (21,33,046) (2612)
NET CASH USED IN OPERATING ACTIVITIES (82,27,112) (84811)

% &DVK)ORZIURP,QYHVWLQJ$FWLYLWLHV
3urFhDse of propert\ pODQt DQG eTuipmeQt - (413)
'iYiGeQG ,QFome 2,02,50,000 22
,Qterest reFeiYeG 1,44,06,362 1368114
,QYestmeQt iQ EDQN Geposits
(oriJiQDO mDturit\ more thDQ 3 moQths) (13,27,92,308) (1646223)
ReGemptioQmDturit\ of EDQN Geposits
(oriJiQDO mDturit\ more thDQ 3 moQths) 12,38,88,361 143416
NET CASH FROM INVESTING ACTIVITIES 2,57,52,415 844
& &DVK)ORZIURP)LQDQFLQJ$FWLYLWLHV 
NET CASH FROM FINANCING ACTIVITIES - 
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 1,75,25,303 (2342)
OPENING CASH AND CASH EQUIVALENTS 1,45,740 3412
CLOSING CASH AND CASH EQUIVALENTS (Note 4) 1,76,71,043 144

7he DEoYe CDsh )OoZ 6tDtemeQt hDs EeeQ prepDreG uQGer the Ø,QGireFt 0ethoGÙ Ds set out iQ ,QG $6   Ø6tDtemeQt of CDsh )OoZsÙ
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)or /%-hD Co

Chartered Accountants 2Q EehDOf of the %oDrG
.$0$/ .80$R %+$1-$
Partner 6 '877$ Director R 7$1'21 Chairman
.oONDtD 2th $priO 21 9 /8+$R8.$ Chief )inancial 2fåcer 1 %$-$- Manager Compan\ Secretar\

21
 GOLD FLAKE CORPORATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS

$PRXQWLQ`)

Gross Block 'HSUHFLDWLRQDQG$PRUWL]DWLRQ Net Book Value

$s Dt $GGitioQs :ithGrDZOs $s Dt Additions :LWKGUDZOV As at Upto For the 2Q Upto For the On Upto As at $s Dt $s Dt
1st $priO DQG 31st 0DrFh and 31st March, 1st \eDr :ithGrDZOs 31st year :LWKGUDZOV 31st 31st 31st 1st
3DrtiFuODrs
21 DGMustmeQts 216 DGMXVWPHQWV 2017 $priO DQG 0DrFh and March, March, 0DrFh $priO
21 DGMustmeQts 216 DGMXVWPHQWV 2017 2017 216 21
1. Property, plant and
HTXLSPHQW
3ODQt DQG (TuipmeQt – – – – – – – – – – – – – – – – –
FurQiture DQG Fi[tures – – – – – – – – – – – – – – – – –
2fåFe (TuipmeQt – 413 – 413 – – 41,739 – 4418 – 4418 13,218 – 17,636 24,103 3321 –
TOTAL – 413 – 413 – – 41,739 – 4418 – 4418 13,218 – 17,636 24,103 3321 –

As at $s Dt $s Dt
31st March, 2017 31st 0DrFh 216 1st $priO 21
(` ) (`) (` )

 1RQFXUUHQWLQYHVWPHQWV Unquoted UQTuoteG UQTuoteG

INVESTMENT IN EQUITY INSTRUMENTS

In Associates (at cost unless stated otherwise)
$7C /imiteG
6 (216  6) (Tuit\ 6hDres of ` 1 eDFh fuOO\ pDiG 83,47,500 834 834
1312 (216  1312) (Tuit\ 6hDres of ` 1 eDFh `  pDiG 2,92,16,250 22162 22162

In Joint Ventures (at cost unless stated otherwise)

,7C (sseQtrD /imiteG
22 (216  22) (Tuit\ 6hDres of ` 1 eDFh fuOO\ pDiG 2,25,00,000 22 22

TOTAL 6,00,63,750 663 663

Non-Current 1oQCurreQt 1oQCurreQt

3. Other assets
$GYDQFe 7D[ (Qet of proYisioQs) 1,37,038 43621 368
TOTAL 1,37,038 43621 368

4 Cash and cash equivalents@

%DODQFes Zith %DQNs
CurreQt DFFouQts 5,71,043 144 34132
'eposit DFFouQts 1,71,00,000  
CDsh oQ hDQG -  6
TOTAL 1,76,71,043 144 3412

CDsh DQG FDsh eTuiYDOeQts iQFOuGe FDsh oQ hDQG FDsh Dt EDQN DQG Geposits Zith EDQNs Zith oriJiQDO mDturit\ of 3 moQths or Oess
#

 Other bank balances

,Q Geposit DFFouQts 17,59,72,799 166882 14136

TOTAL 17,59,72,799 166882 14136

RepreseQts Geposits Zith oriJiQDO mDturit\ of more thDQ 3 moQths hDYiQJ remDiQiQJ mDturit\ of Oess thDQ 12 moQths from the %DODQFe 6heet GDte

6 2WKHUåQDQFLDODVVHWV
,Qterest DFFrueG oQ EDQN Geposits 24,57,280 2488423 21361

TOTAL 24,57,280 2488423 21361

As at As at $s Dt $s Dt $s Dt $s Dt
31st March, 31st March, 31st 0DrFh 31st 0DrFh 1st $priO 1st $priO
2017 2017 216 216 21 21
(No. of Shares) (`) (1o of 6hDres) (`) (1o of 6hDres) (`)
7. Equity Share capital

Authorised 2,00,00,000 20,00,00,000 2 2 2 2

(Tuit\ 6hDres of ` 1 eDFh

Issued and Subscribed

(Tuit\ 6hDres of ` 1 eDFh fuOO\ pDiG 1,59,98,385 15,99,83,850 1838 1838 1838 1838

$ 5HFRQFLOLDWLRQRIQXPEHURI(TXLW\6KDUHVRXWVWDQGLQJ

$s Dt EeJiQQiQJ of the \eDr DQG Dt the

eQG of the \eDr 1,59,98,385 15,99,83,850 1838 1838 1838 1838

% 6KDUHKROGHUVKROGLQJPRUHWKDQRIWKH(TXLW\6KDUHVLQWKH&RPSDQ\

As at As at $s Dt $s Dt $s Dt $s Dt
31st March, 31st March, 31st 0DrFh 31st 0DrFh 1st $priO 1st $priO
2017 2017 216 216 21 21
(No. of Shares) % (1o of 6hDres)  (1o of 6hDres) 
,7C /imiteG  the +oOGiQJ CompDQ\ 1,59,98,385 100.00 1838 1 1838 1

C) Rights, preferences and restrictions attached to the Equity Shares

7he (Tuit\ 6hDres of the CompDQ\ hDYiQJ pDr YDOue of ` 1 per shDre rDQN pari passu iQ DOO respeFts iQFOuGiQJ YotiQJ riJhts DQG eQtitOemeQt to GiYiGeQG

22
 GOLD FLAKE CORPORATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (Contd.)

As at $s Dt $s Dt
31st March, 2017 31st 0DrFh 216 1st $priO 21
(` ) (`) (` )

Non-Current 1oQCurreQt 1oQCurreQt

8. Provisions

3roYisioQ for empOo\ee EeQeåts

RetiremeQt EeQeåts – – 3282
2ther EeQeåts – – 44

TOTAL – – 1682

 2WKHUåQDQFLDOOLDELOLWLHV

Current
2thers (/iDEiOities for e[peQses) 5,74,210 36 
TOTAL 5,74,210 36 

10. Other liabilities

Current

6tDtutor\ OiDEiOities – – 4

TOTAL – – 4

For the For the

Year Ended <eDr eQGeG
31st March, 2017 31st 0DrFh 216
(` ) (`)

11. OWKHULQFRPH 
,Qterest iQFome 1,43,97,049 13226
'iYiGeQG iQFome 2,02,50,000 22

TOTAL 3,46,47,049 34126

,Qterest iQFome Fomprises iQterest from
D) 'eposits Zith EDQNs  FDrrieG Dt DmortiseG Fost 1,43,75,219 13226
E) 2thers (from stDtutor\ Duthorities) 21,830 –

TOTAL 1,43,97,049 13226

'iYiGeQG iQFome Fomprises GiYiGeQG from
2ther iQYestmeQts 2,02,50,000 22

TOTAL 2,02,50,000 22

(PSOR\HHEHQHåWVH[SHQVH
6DODries DQG ZDJes 37,500 14621
RemuQerDtioQ of mDQDJerÖs sDODr\ oQ GeputDtioQ 61,06,707 33833
6tDff ZeOfDre e[peQses - 266
TOTAL 61,44,207 4381211
,QFOuGes reimEursemeQt oQ DFFouQt of 6hDreEDseG 3D\meQt ` 1121 (216 1iO) >Refer 1ote 1(Yiii)@

13. Other expenses

RDtes DQG tD[es 51,102 28
,QsurDQFe 633 63
%DQN DQG FreGit FDrG FhDrJes 913 6
7rDYeOOiQJ DQG FoQYe\DQFe – 13
'ireFtors
sittiQJ fees 2,80,000 32
CoQsuOtDQF\3rofessioQDO fees 67,838 4424
3riQtiQJ DQG stDtioQer\ 1,200 133
0isFeOODQeous e[peQses 1,07,638 863

TOTAL 5,09,324 686

Miscellaneous expenses include :

$uGitors
remuQerDtioQ DQG e[peQses
$uGit fees 69,000 4
7D[ DuGit fees 11,500 
Fees for other serYiFes 26,938 2666

23
 GOLD FLAKE CORPORATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (Contd.)
For the For the
Year Ended <eDr eQGeG
31st March, 2017 31st 0DrFh 216
(` ) (`)
,QFRPHWD[H[SHQVHV 
A. $PRXQWUHFRJQLVHGLQSURåWDQGORVV 
Current tax
,QFome tD[ for the \eDr
CurreQt tD[ 26,50,000 288662
$GMustmeQts(FreGits) reODteG to preYious \eDrs  1et
CurreQt tD[ (2,14,371) 66
TOTAL 24,35,629 28331
B. Reconciliation of effective tax rate
7he iQFome tD[ e[peQse for the \eDr FDQ Ee reFoQFiOeG to the DFFouQtiQJ proåt Ds foOOoZs
3URåWEHIRUHWD[ 2,79,80,300 228161
,QFome tD[ e[peQse FDOFuODteG # 28 (216 3) 83,57,716 4
(ffeFt of tD[ reODtiQJ to uQFertDiQ tD[ positioQs 3,32,109 28
(ffeFts of GiffereQFe iQ tD[DEOe iQFomeGeGuFtiEOe e[peQse 8,851 144
(ffeFts of iQFome Qot tD[DEOe (60,48,675) (622)
TOTAL 26,50,000 288662
$GMustmeQts reFoJQiseG iQ the FurreQt \eDr iQ reODtioQ to the FurreQt tD[ of prior \eDrs (2,14,371) 66
,QFRPHWD[UHFRJQLVHGLQSURåWRUORVV 24,35,629 28331

7he tD[ rDte useG for the \eDr 2116 DQG 2161 reFoQFiOiDtioQs DEoYe is the ForporDte tD[ rDte of
 28 (2 DQG eGuFDtioQ Fess # 3) iQ 2161 DQG
 3 (3 DQG eGuFDtioQ Fess # 3) iQ 2116
pD\DEOe oQ tD[DEOe proåts uQGer the ,QFome 7D[ $Ft 161
 $GGLWLRQDO1RWHVWRWKH)LQDQFLDO6WDWHPHQWV
(i) Earnings per share:

(DrQiQJs per shDre hDs EeeQ FomputeG Ds uQGer 2017 216

(D) 3roåt for the \eDr (`) 2,55,44,671 263883
(E) :eiJhteG DYerDJe QumEer of (Tuit\ 6hDres outstDQGiQJ for the purpose of EDsiF eDrQiQJs per shDre 1,59,98,385 1838
(F) (DrQiQJs per shDre oQ proåt for the \eDr (FDFe 9DOue ` 1 per shDre)  %DsiF 'iOuteG >(D)(E)@ (,Q `) 1.60 16

(ii) UQFDOOeG OiDEiOit\ iQ respeFt of pDrtO\ pDiGup 1312 shDres of $7C /imiteG # `  per shDre (iQFOuGes ` 6 per shDre Ds premium) is ` 12212
(216  ` 12212)

(iii) 6eJmeQt ReportiQJ

7he CompDQ\ operDtes iQ D siQJOe EusiQess DQG JeoJrDphiFDO seJmeQt iQ ,QGiD 7he eQtit\ZiGe GisFOosure is Ds uQGer

2017 216
1oQFurreQt Dssets (,Q ,QGiD) 1,61,141 4642

(iY) 0iFro 6mDOO DQG 0eGium sFDOe EusiQess eQtities

7here Dre Qo 0iFro 6mDOO DQG 0eGium (Qterprises to Zhom the CompDQ\ oZes Gues ZhiFh Dre outstDQGiQJ for more thDQ 4 GD\s GuriQJ the \eDr DQG
DOso Ds Dt 31st 0DrFh 21 7his iQformDtioQ Ds reTuireG to Ee GisFOoseG uQGer the 0iFro 6mDOO DQG 0eGium (Qterprises 'eYeOopmeQt $Ft 26 hDs EeeQ
GetermiQeG to the e[teQt suFh pDrties hDYe EeeQ iGeQtiåeG oQ the EDsis of iQformDtioQ DYDiODEOe Zith the CompDQ\

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EeOoZ

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COosiQJ FDsh iQ hDQG Ds oQ 811216 1iO 1iO 1iO
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() $mouQt GepositeG iQ EDQNs 1iO 1iO 1iO
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(Yii) Related Party Disclosures

(a) RELATIONSHIP
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(iii) 2WKHUUHODWHGSDUWLHVZLWKZKRPWKH&RPSDQ\KDGWUDQVDFWLRQV
-oiQt 9eQture
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1 3urFhDse of serYiFes  ,QterQDO DuGit serYiFes 27,600 2 – – –

2 'iYiGeQG ,QFome – – 2,02,50,000 22 – –
3 'ireFtorsÖ sittiQJ fees
 0r 6 %DQerMee – – – – 1,40,000 16
 0s $ *uhDmDOOiFN 1,40,000 16
4 RemuQerDtioQ of mDQDJers oQ GeputDtioQ reimEurseG
 for Chief FiQDQFiDO 2fåFer 34,04,662 2434222 – – – –
 for 0DQDJer CompDQ\ 6eFretDr\ 21,90,835 1 – – 37,500 1462
Balances as at 31st March
 3D\DEOes 5,11,210 – – – – –

F 7+(5(081(5$7,212)',5(&7256$1'27+(50(0%(562).(<0$1$*(0(173(56211(/'85,1*7+(<($5:$6$6)2//2:6

2017 216
2ther EeQeåts
 'ireFtorsÖ sittiQJ fees 2,80,000 32

(Yiii) 7he eOiJiEOe GeputeG empOo\ees of ,7C /imiteG hDYe EeeQ JrDQteG stoFN optioQs E\ ,7C /imiteG the hoOGiQJ FompDQ\ uQGer the ,7C (mpOo\ee 6toFN 2ptioQ
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2utstDQGiQJ Dt the EeJiQQiQJ of the \eDr - 
$GG *rDQteG GuriQJ the \eDr # 3,660 

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2utstDQGiQJ Dt the eQG of the \eDr 3,660 

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6WDWHPHQW
2017 216

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b. ,Qterest iQ -oiQt 9eQture

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As at 31st March, $s Dt 31st 0DrFh 6WDWHPHQW
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Particulars Note As at $s Dt $s Dt
31st March, 2017 31st 0DrFh 216 1st $priO 21

Carrying Value Fair Value* CDrr\iQJ 9DOue FDir 9DOue CDrr\iQJ 9DOue FDir 9DOue

A. Financial assets
D0HDVXUHGDWDPRUWLVHGFRVW
i) CDsh DQG FDsh eTuiYDOeQts 4 1,76,71,043 1,76,71,043 144 144 3412 3412
ii) 2ther EDQN EDODQFes  17,59,72,799 17,59,72,799 166882 166882 14136 14136
iii) 2ther åQDQFiDO Dssets 6 24,57,280 24,57,280 2488423 2488423 21361 21361
7RWDOåQDQFLDODVVHWV
19,61,01,122 19,61,01,122 1631 1631 1436288 1436288

B. Financial liabilities
a) 0HDVXUHGDWDPRUWLVHGFRVW
i) 2ther åQDQFiDO OiDEiOities  5,74,210 5,74,210 36 36  
7RWDOåQDQFLDOOLDELOLWLHV
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