AGS Transact Technologies Limited

Standalone Balance sheet

'0.1'0/3/ Morch 20/9
(R,f. in million)
Particulnrs Nolr 31 Mnrch 2019 31 Mnrch 2018
Assets
Non-curr('n' assets
Property. plant,and equipment 3,798.02 3,846.17
Capital work-in-progrcss 230.43 347.14
Intangible assets 4 350.61 305.64
Inrangible aSSel'io undcl development 114.65
Invc:'1mcnIS in subsidiaries 5 2,204.43 1.422.34
Financial assets
Trade receivables (, 9.78
Loans 7 559,73 576.86
Olher financial assets 8 16.60 33.69
Deferred tax assets (nct) 9 142.65 202.54
Other non-Current assets /0 408.99 432.77
Other non-currenl tax assets 9 477,01 528.35
TO'HI non-current assets 8,188.47 7,819,93

Curn~nt asse's
Inventories /I 912,74 1,339.80
Financial assets
Tmde receivables /2 4,213. J1 3,533.16
Cash and cash equivalenLc; /30 138.85 139.20
Bank balances other than 138 above 13h 91.09 51.10
Loans 14 94.58 203.14
Other fmancial assets 15 1,045.18 1,]90.54
Other current assets I~ 566,69 400.91
Tolnl current ",;sels 7,062.24 7,057.85

TOhllAsst':ts 15,250.71 14,877.78

Equity Mnd linbililirs

Equity
Equity share capital /7 1,185,81 1,185.07
Other equity 18 4,220,18 3,749.78
Tolnl eqlliry 5,405,99 4,934,85

Non.currenllinhiJitirs
financial liabilities
Borrowings 19 2,605,33 2.968.51
Other fmancilliliabllitics 20 57.48 71.45
ProviSions 21 109,84 90.48
Other non-current liahilities 22 16.25 20.77
TotAl non.('nrrent lillhiliti('$ 2,788,90 3,151.21

CUl"r('ntlillhilitic~ ••
FlOanciallinbilitlcs
Borrowings 23 1,155,37 2,089.06
Trade pnynbles 24
Tottll outstanding dues of micro enterprises and small enterprises 173.06 32,80
Total outsunding dues of creditors other than micro enterprises and small enterprises 2,499.51 1,745.06
Other fmancialliabilities 25 2,864,69 2,654.22
Other currcntliabilities 26 221.51 143.45
Provisions 27 141.68 127.13
Tolnl current liabilities 7,055.82 6,791.72

Totnl equity and liabilities 15,250,71 14,877,78

Significant accounting pelicies

The llccompanying nOies are an inlcgrnl pan of the standalone financial statements.

As per our report of even dale 8tL,ched.

Fa, II S R & Co. LLP ForandonbehnlfoftheBoardofDireciors~f . _ f\. lAC

~
Chartered Accounwms AGS Trnnsaflt Te noloeies Limited . ' ~ - ":: _
Firm's Registration No: 10 I 248WIW .100022
~. CIN :(2~ H 02PLC138213 . \ ---

R1Wi Coynl Rl1drinarain Go)'nl

Managing Director Directnr
103145 DIN:01374288 DIN:01679378

~v,
I)tace: Mumbai
Date. 20 May 2019
!
. Snurahh Lal
Chief Financial Officer
Membership No.: 504653

Place: Mumbai
Date: 20 May 2019
~
Sne.hA Kndnm
Cnmpan.l'Secretary
Membership No.: 31215
AGS Transact Technologies Limited
Standalone Statement of Profit and Loss
for Ihe year ended 3/ March 20/9
(R.f. in million)

Parficulars Year ended Yenrended

Notr
31 MRrch 2019 31 MRrch 2018
Re\'enlit
Revenue from operations 28 15,474.08 13.171.25
Other income 29 142.50 118.02
To'al income 15,616.58 13.289.27

Expenses
COSl of raw materials and components consumed 311 2,919.Q9 2.849.57
Excise duty 82.49
Purchase of traded goods 31 485.29 286.68
Decrease in inventories of finished goods and Ifade~ goods 32 139.16 65.15
Employee henefil expenses 33 1.402.58 1.121.36
Other expenses 3J 8,369.39 6.970.47
Tolnl ullcns('s herOft infert'sl. deprecialion and amortisalion 13.315.51 11,375.72

:Earnines hefore interest. lax. depreciation and nmortisnlion (EBITDA) 2,301.07 1,9.13.55

Finance costs 35 686.43 742.75

Depreciation nnd amonisalion expense 3&4 936.58 873.68

Profit before tnl 678.06 297.12

TAl expense
Current tax 225.00 146.00
Adjustment of tax relating to previous years (31.73)
Deferred tax credit 62.64 (17.30)
Tol~1 fall ('xll('mie 255.91 128.70

Profit for the ye.ar 422.15 168.42

Othcr romprehensiv(' inromt

1I('.ms thAI will nol he reclassified to Stalemenl of Profit and Loss in
l'uhsequcnt yt'RI'
Remeasurements of defined benefit plans (7.86) (2.26)
Income tax relating to thc above 2.75 0.79
Other romprt'.hensivc inromt" for thc yenr (5.! I) (1.47)

Total comprchcnsh't' income for Iht year 417.04 166.95

f:ll~ing.!i per equit), .!ihart'

Basic earnings per share (Rs,) 36 3.56 1.42

Diluted earnings per share (Rs.) 36 3.53 1.41

SignifIcant accounting policics

The accompanying notes arc an intcgral pan of the standalone financial st.atemenlS,

As per our repon of even date annched.

;7J;'~'';;~
For R S R & CR. LLP For and on behaif of the Board of Directors of ..
Ch(lrlc!n~d AccmmUml,f
Fiml's Rcgistration No: 101¥8WIW-IOOO22

~
Rnj('~ Mehrn
.. ~
::: RRvi Go)'al Bfldrinnrain Goyal
Partner Ma"aJ.!in~ Direclnr /)ircclnr
Membership No,: 103145 DIN: 01374288 DIN: 01679378

i ~v
Saurnhh Lal
Chief l-i'n(lIIci~/ Officer
Membership No.: 504653
. sR~2
Company Secrelary
Membership No.: 31215

Place: Mumbai Place: Mumbai

Dale: 20 May 2019 Date: 20 May 2019
 AGS Transact Technologies Limited
Standalone Statement of Changes in Equity
jiJr Ihe year ended 3/ March 2IJ/9

Equity share capital (Ro<. in millilln)

Porticulors 31 March 2019 31 March 2018
Balance al 'the beginning of the year 1,203.93 1.203.93
Less: Treasury shares. (18.12) (18.86)
lIalance at the end of the year 1,185.81 1,185.07

" Movement of treasury share capital

Balance at the beginning of the year (18.86) (18.86)
. Share options exercised during the year 0.74
Balance al the end of the year (18.12) (18.86)

Other equin' (R.'. in millilln)

Reserves and surplus

Particulars
Securities Employee stock General Retained Total other equit).
premium options rcsen'c reserve carnin'gs

lIalance at 1 April 2017 2,297.77 19.63 10.00 1,255.43 3,582.83

Profit for Ihe year 168.42 168.42

Other comprehensive income 1 (loss) for the year (1.47) (1.47)
Share options lapsed during the ycar (6.71) 6.71
lIalance at 31 Marcil 2018 2,297.77 12.92 10.00 1,429.09 3,749.78

Profil for the ycar 422.15 422.15

Other comprehensive income 1 (loss) for the year (5.11) (5.11)
Employee compensation expenses recognised during the year 51.20 51.20
Premium on share options exercised during the year 2.16 2.16
Impaci of adoption oflnd AS 115, net of tax (refer nole 41)
B'alance iit 31 March 2019 2,299.93 64.12 10.00 1,846.13 4,220.18

The accompanying notes arc an integral part of the slandalone financial statements.

As per our report of even dale attached.

For B 5 R & Co. LLP For and on behalf ofthc Board of Directors of
Chartered Accmmumls
Firm's Registration No: 101248W/W.100022
AGS Transact Technologies Limited
CIN: U72200MH2002PLC138213 J.

Rajesh Mehra # UU #~
Ru\,j Goyal Badrinnrain Goyal
Partner Managing Director Director
Memhership No.: 103145 DIN: 01374288 DIN: 01679378

~~
II\f!!:~
'~hief Financial Officer
Membership No.: 504653
Sneha Kadam
Company SecrelOry
Membership No.: 31215
Place: Mumbai Place: Mumbai
Date: 20 May 2019 Date: 20 May 2019
 AGS Transact Technologies Limited
Standalone Statement of Cash Flows
jiJr the year ended 3/ March 20/9

(Rs. in million)
Year ended \'enr ended
Particulars
31 March 2019 31 March 20.18
A. Cash now from operating activities

Net Profit before tax 678.06 297.12

Adjustments for:
Finance costs 686.43 742.75
Interest income (56.54) (58.70)
Corporate guarantee income (3.12) (3.45)
Depreciation Rnd amortisation expense 936.58 873.68
Loss on sale/retirement of Property. plant and equipment (net) 43.22 40.08
Provision for warranty (net) 5.26 7.55
Employee stock option scheme expense 42.11
Inventories written off 24.00 5.5.65
Unrcaliscd foreign exchange gain (1.42)
Operating profit before working capital changes 2,356.00 1,953.26
Changes in working capital:
Decrease in inventories 403.05 440.23
Increase in trade receivables (670.17) (258.73)
Decrease in loans and othel' financ'ial assets 419.55 171.34
Increase in other current assets (156.74) (630.85)
Decrease in other non-current assets 37.63 53.20
Increase / (decrease) in trade payables 894.71 (171.01)
Increase in other current liabilities 176.37 842.26
Decrease in other non-current liabilities (18.49) (50.07)
Increase in provisions 20.79 22.50
Cash generated from operations 3,462.70 2,372.13
Direct taxes paid (141.93) (273.61)
Net cash flow from operating activities (A) 3,320.77 2,098.52

8 Cash flow from investing activities

Purchase of property. plant and equipment including capital advances and work-in-
progress
Proceeds from sale of property. plant and cquipment
Investmellt in subsidiaries
Interest receivcd
Loan given to subsidiary company
. Rcpaymcnt of loan by subsidiary company
Fixed deposits placed during the year
Proceeds from maturity of fixed deposits
Nct cash used in invcsting activities (B)

C Cash now from financing activities

Procecds from issuance of equity share capital
Procceds from long.tenn borrowings
Repayment of long.tcnn borrowings
Repa}'I1lentof short-term borrowings - securcd (net)
Loan proceeds from subsidiary company
Loan repayment to subsidiary company
Interest paid
Othcr finance charges paid
Net cash used in financing activities (C)

Net (decrease) I increase in cash and cash equivalents (A)+(B)+(C)

Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year (refer note 13a)
 AGS Transact Technologies Limited
Standalone Statement of Cash Flows (continlled)
for Ihe year ended 3/ March 20/9

Notes:
The above Cash Flow Statement has been prepared under the 'Indireet Method' as set oul in the Accounting Standard (Ind AS) 7 - "Slatement of Cash flows".

2 The movemenl of horrowings as per Ind AS 7 is as follows: YeRr cnded Year ended
31 March 2019 31 March 2018
Opening borrowings 6.088.44 5.890.98
Proceeds from long-tcnn borrowings 1,050.00 2.264.50
Rcpaymcllf of IOl1g~lenn borrowings (1,284.32) ( 1.355.59)
Decrease in short-tenn borrowings (930.79) (659.53)
Non-cash adjustments 15.14 (51.92)
Closing horrowings 4.938.47 6;088.44

3 Reconciliation of cash and cash equivalents Year ended Year eniled

31 March 2019 31 March 2(1I8
Cash on hand 18.25 27.96
Balance with hanks
Current S1ccounts 129.71 183.73
Less: Current account balances held in trust for customers (9.11) (72.49)
T Dial current account balances 120.60 111.24
Cash and cash equivalents as per S1alemenl of cash flows slatemenl (refer nole 13a) 138.85 139.20

4 Cash credit is trealed as a borrowings and ~~ncc n01 included as a pan of cash and cash equivalent for ,the purpose of the Statement of Cash Flows.

The noles refcrred to above Conn l\1l integral part of the slandalone financial statements.
As per our report of even dale a"ached.

For R S R & Co. LLP

Chartered AccnrmlGnts
For and on hehalf of the Board of Directors of
AGS Transact Technologies Limited
0
"Trfl"'""~~
Firm's Registration No: 101248WIW-100022
t

Ravi Goyal Badrinarain Go)'al .

Managing Director Director
103145 DIN: 01374288 DIN: 01679378

~~
Saurabh Lal Sneha Kadam
Chief Financial Officer Company,)'ci'relary
Membership No.: 504653 Membership No.: 31215
Place: Mumhai Place: Mumbai
Date: 20 May 2019 Date: 20 May 2019