Professional Documents
Culture Documents
U29141TN1984FTC010913 T Djyzw0wpl0bwqq
U29141TN1984FTC010913 T Djyzw0wpl0bwqq
2
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
3
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
4
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
5
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
6
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
8
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Details of principal business activities contributing 10% or more of total turnover of company [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Product/service Product/service 1 Product/service 2
Principal business activities of company [Axis]
[Member] [Member] [Member]
01/04/2019 01/04/2019 01/04/2019
to to to
31/03/2020 31/03/2020 31/03/2020
Textual information
Disclosure in board of directors report explanatory [TextBlock] (1) [See below]
Disclosure of extract of annual return as provided under section 92(3) Textual information
[TextBlock] (2) [See below]
Details of principal business activities contributing 10% or more
of total turnover of company [Abstract]
Details of principal business activities contributing 10% or
more of total turnover of company [LineItems]
Manufacture,
erection, commi s s
ioning and
Manufacture, e r e c t
installation of lifts, Maintenance and
ion, commissioning
escalators and repair service of
Name of main product/service moving walkways
and installation of
elevators and
lifts, escalators and
Maintenance and r e escalators
moving walkways
pairserviceof
elevators and
escalators
Manufacture,
erection, commi s s
ioning and
Manufacture, e r e c t Maintenance and
installation of lifts,
ion, commissioning repair service of
escalators and
Description of main product/service moving walkways
and installation of elevators and
lifts, escalators and escalators., Scrap
Maintenance and r e
moving walkways. sales.
pairserviceof
elevators and
escalators
4354001 to 4354003 44354001 to
NIC code of product/service and 99871570. 4354003
99871570
10
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
11
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Manufacture,
erection, commi s s
ioning and installation
of lifts, escalators and
Name of main product/service moving walkways
Maintenance and r e p a i
r s e r v i c e o f elevators
and escalators
Manufacture,
erection, commi s s
ioning and installation
of lifts, escalators and
Description of main product/service moving walkways
Maintenance and r e p a i
r s e r v i c e o f elevators
and escalators
4354001 to 4354003 and
NIC code of product/service 99871570.
Percentage to total turnover of company 89.86%
Particulars of holding, subsidiary and associate companies [Abstract]
Particulars of holding, subsidiary and associate companies
[LineItems]
KONE ELEVATOR INDIA
Name of company PRIVATE LIMITED
Details of shareholding pattern of top 10 shareholders [Abstract]
Details of shareholding pattern of top 10 shareholders [LineItems]
Name of shareholder
DECLARATION
OF INDEPENDENT
DIRECTORS:
T h e
provisions of Section 149
relating to appointment
Reappointment of independent directors as per section 149(10) [TextBlock] of Independent Directors
do not apply to the
Company.
T h e r e
is no change in the nature
Disclosure of change in nature of business [TextBlock] of business during the
year under
review.
T h e r e
is no change in the
Details of directors or key managerial personnels who were
composition of the Board
appointed or have resigned during year [TextBlock] during the financial year
2019-20.
12
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
13
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
DIRECTORS’ REPORT
REPORT
Your Directors are pleased to present the 35th Annual Report along with the Audited Accounts for the period ended 31st March 2020.
Apr Apr
2019 2018
PARTICULARS to to
Mar Mar
2020 2019
Less: Interest 41 8
14
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Less: Provision for Tax including Deferred Tax Asset 1,000 1,003
Add: Brought Forward Profit from Previous Year & Other adjustments 2,629 2,125
in FY 2018-19 1,041
Add: Other Comprehensive Income arising from re-measurements of post-employment benefit obligations
(58) 4
& Income tax thereon
Appropriations:
a) General Reserve 0 0
c) Tax on dividend
0 330
15
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
2. OPERATIVE RESULTS
The Directors are pleased to present once again very encouraging figures for the period 01st April 2019 to 31st March 2020. The profit before
tax was at Rs. 3,067 Millions.
Your Directors are pleased to inform that during the year the state-of-the-art factory set up in PLOT NO A28, SIPCOT- PILLAPAKKAM
INDUSTRIAL PARK, KANCHIPURAM DISTRICT, SRIPERUMBADUR TALUK, VENGADU VILLAGE, PIN-602105 to cater to the present
and future demands of the company was inaugurated. Also the plaque was unveiled by Mr.Banwarilal Purohit Honourable Governor of
Tamilnadu in the presence of. H.E. Mr.Pekka Haavisto Honourable Minister for Foreign Affairs of Finland Mr. M.C.Sampath Honourable
Minister of Industrial Department, Government of Tamilnadu, Mr.Antti Herlin Chariman KONE Corporation, Mr.Henrik Ehrnrooth, President &
CEO, Mr.Axel Berkling , EVP APA from KONE Corporation and Mr.Amit Gossain Managing Director . The manufacturing operations were
smoothly shifted from the existing factory at Vanagaram to the new factory. The registered office was also shifted from the old factory to the new
factory address referred above.
The company adopted Ind AS 116 by which the Company recognised lease liabilities in relation to leases which had previously been classified as
'operating leases' under the principles of Ind AS 17, Leases. These liabilities were measured at the present value of the remaining lease payments,
discounted using the lessee's incremental borrowing rate as of April 1, 2019. The details have been furnished in the notes to the financial
statements for the year ended 31st March 2020.
The spread of Covid-19 have severely affected the businesses around the globe. In many countries including India, there has been severe
disruption to regular operations due to lock-downs, disruptions in transportations, supply chain, travel bans, quarantines, social distancing and
other emergency measures.
In spite of the difficult environment, the operations of the company were carried out remotely with all possible controls and ensured field
operations by the employees with all personal protection equipment’s (PPEs) in order to meet the emergency needs of the customers.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
The Company has made detailed assessment of its liquidity position for the next few months and of the recoverability and carrying values of its
assets comprising property, plant and equipment, intangible assets, trade receivables, contract assets and inventories as at the balance sheet date,
and has concluded that there are no material adjustments required to be made in the financial statements.
Management has taken into account all the possible impact of known events arising from Covid-19 pandemic in the preparation of the financial
statements. However, the impact assessment of Covid-19 is a continuing process given the uncertainties associated with its nature and duration.
The Company will continue to monitor any material changes to future economic conditions.
There is no change in the nature of business during the year under review.
4. TRANSFER TO RESERVES
5. DIVIDEND
The Board of Directors of your company, after considering holistically the relevant circumstances and keeping in view the company’s
requirement has decided that it would be prudent not to recommend any dividend for the financial year 2019-20.
The Board of Directors of the Company met 4 (Four) times during the financial year 2019-2020 on the following dates:
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
22nd May 2019, 29th August 2019, 11th December 2019 and 20th March 2020
During the year, four Board meetings were duly convened and held and the intervening gap between any two meetings was within the period
prescribed under the Companies Act 2013. Mr. Amit Gossain attended all meetings. Mr. Klaus Thomas Cawen attended one meeting, and Mr.
CVS Krishnakumar attended Three meetings.
Attendance of Directors
There is no change in the composition of the Board during the financial year 2019-20
The Corporate social responsibility committee met Four times during the financial year 2019-20 on 22nd May 2019, 29th August 2019, 11th
December 2019 and 20th March 2020
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
The provisions of Section 149 relating to appointment of Independent Directors do not apply to the Company.
8. DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION (12) OF S ECTION 143OTHER THAN
THOSE WHICH ARE REPORTABLE TO THE CENTRAL GOVERNMENT:-
There are no such instances reported by the auditors of the Company under sub-section (12) of S ection 143.
The provisions of Section 178(1) of the Companies Act 2013 are not applicable to the Company.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
10. DEPOSITS
The company has not accepted any deposits during the year. The provisions of Section 73 of the Companies Act, 2013 and Companies
(Acceptance of Deposits) Rules 2014 are not applicable to the Company.
11. MATERIAL CHANGES BETWEEN THE DATE OF THE BOARD REPORT AND END OF THE FINANCIAL YEAR
There have been no material changes and commitments, if any, affecting the financial position of the Company which have occurred between the
end of the financial year of the Company to which the financial statements relate and the date of the report.
12. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE
GOING CONCERN STATUS AND
During the year there were no significant and material orders passed by the regulators or courts or tribunals, impacting the going concern status
and company’s operations in future.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
As required under section 134(3)(m) of the Companies Act, 2013, read with Rule 8 of the Companies (Accounts) Rules, 2014, the information
relating to the foregoing matters is given by way of Annexure A to this Report.
i) In the preparation of annual accounts of the financial year ended 2019-20, the applicable accounting standards had been followed along
with proper explanation relating to material departures.
ii) The Directors had selected such accounting policies and applied them consistently and made judgments and estimates that are
reasonable and prudent so as to give a true and fair view of the state of affairs of the company for the financial year ended 2019-20 and of the
profit and loss of the Company for that period.
iii) The Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the
provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.
iv) The Directors had prepared the annual accounts of the financial year ended 2019-20 as a going concern basis.
v) The Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively.
15. AUDITORS
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
M/s. Price Waterhouse Chartered Accountants LLP (FRN 012754N/N500016), Statutory Auditors of the company hold office till the conclusion
of Thirty Seventh Annual General Meeting of the Company.
Pursuant to the provisions of section 148(3) of the act, the board of directors had appointed M/s K Suryanarayanan ( Membership no : 24946)
Cost Accountants, Chennai, as cost auditors of the company, for conducting the audit of cost records for the financial year ended March 31,
2020. Audit Report will be filed with the Ministry of Corporate Affairs within the prescribed period.
(i) There were no qualifications or adverse remarks in the Auditor’s Report. However the Auditors have stated that back up of books of accounts
and other books and papers maintained in electronic mode has not been maintained on servers physically located in India. Considering the
technological advancement, the books and accounts are maintained in Severs located outside India. However, it is ensured that the information in
such servers remain accessible in India for use for subsequent reference. They are also retained in the format in which they were originally
generated. The electronic record of documents are displayed in legible form. Back ups are also taken periodically and Company is taking steps to
maintain them in India on the servers located in India. The details of the maintenance shall be submitted with the Registrar as required under the
Act.
(ii) The provisions relating to submission of Secretarial Audit Report is not applicable to the Company.
Transactions with related parties are detailed in Note No.36 of the Financial Statements. All the Related Party Transactions that were entered into
during the financial year were on arm’s length basis and were in the ordinary course of business. All the Related Party Transactions were brought
to the notice of the Board.
During the year under review, the company did not grant any loan or provide any guarantee or did not make any investment as per the provisions
of Sec.186 of the Companies Act 2013.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
During the year under review, the Company had developed and implemented risk assessment policy. Given the asset base and the portfolio of
investments made by the Company, the Board is of the opinion that there are no major risks affecting the existence of the Company. The financial
risk management and Capital Risk Management are given in detailed in Note No.29A and 29B of the Financial Statement.
The details forming part of the extract of the Annual Return of the Company in form MGT-9 is annexed herewith as Annexure B.
22. PERSONNEL
The Management employee relations continued to be very cordial during the period under review.
The Company had to spend Rs. 58 Millions towards CSR activities computed as per the requirements of Section 135 of the Companies Act, 2013
read with Schedule VII. Due to the delay in the process of evaluating various projects covering the activities specified under CSR, the
Management has spent Rs.0.46 millions during the current year. However, efforts are being taken for identification of projects and steps are
taken to undertake CSR activities in entirety.
24 COST RECORDS
The Company is required to maintain cost records as per sub-section (1) of 148 of the Companies Act, 2013 and accordingly such accounts and
records are made and maintained.
As per the requirement of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and Rules made
thereunder, your Company has formed Internal Complaints Committee under the said Act . During the year under review, there were no cases
received/filed pursuant to the provisions of the said Act .
23
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
The company has designed a proper and adequate internal finaicial control system to ensure, adherence to company’s policies , assets are
safeguarded, and that transactions are accurate, complete and properly authorised prior to recording. information provided to management is
reliable and timely, and statutory obligations are adhered to.
The Company has complied with applicable provisions in the secretarial standards.
ACKNOWLEDGEMENTS
Your Directors wish to place on record their appreciation to the Principal Shareholder, Collaborator, Banks for their continued co-operation and
support.
The Board of Directors also take this opportunity to acknowledge the dedicated efforts made by employees at all level for their contribution to the
success achieved by the Company and acknowledge with deep gratitude the unstinted support of the Collaborator, KONE Corporation.
24
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Signature
DIN: 06652406
25
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
ANNEXURE A
INFORMATION UNDER SECTION 134(3)(m) OF THE COMPANIES ACT, 2013, READ WITH RULE 8 OF THE COMPANIES
(AUDITORS) RULES, 2014 AND FORMING PART OF THE DIRECTORS’ REPORT
CONSERVATION OF ENERGY
PARTICULARS DETAILS
The Company has taken all necessary steps for conservation of energy, necessary
The steps taken or impact on
capacitor banks have been provided for power factor correction to keep energy consumption
conservation of energy
to the minimum.
26
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
TECHNOLOGY ABSORPTION
Electricity
a) Purchase
Kwh 33,56,372 22,49,260
Units
Rs. 32,215,075 18,494,680
Total Amount
Rs. 9.60 8.22
Rate / Unit
Units
Kwh 43,995 69,520
Units
Kwh/Ltr 3.20 3.47
Rate / Unit
Rs. 21.34 21.03
c) Others (diesel for boiler etc)
Quantity
Ltrs 14,110 35,835
Total Amount
Rs. 9,84,314 1,869,601
Rate / Unit
Rs. 69.76 52.17
Electricity
Furnace
Kwh 378.62 209.84
Coal
Ltrs Nil Nil
Diesel Oil
Kgs Nil Nil
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
FOREIGN EXCHANGE
During the year foreign exchange earnings amounted to Rs.1,884 million. Our products have been received well in the foreign markets and we
expect repeat orders. Foreign exchange outflow is
Rs.1,261 towards licenses & Technical fees, Rs.157 Million towards Trademark License, Rs.82 Million towards other expenses and Value of
imports Rs.2160 million
Signature
DIN: 06652406
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
FORM NO.MGT-9
29
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Pursuant to section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies (Management and Administration) Rules,
2014
i. CIN U29141TN1984FTC010913
Plot No: A 28
Pillaipakkam,
Sriperumbudur Taluk,
v. Address of Registered office and contact details
Kancheepuram District
602105
Tamilnadu
c.v.s.krishnakumar@kone.com
vii. Name, Address & contact details of the Registrar & Transfer Agent, if any. Not applicable
30
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
All business activities contribution 10% or more of the total turnover of the company shall be stated
S.No Name and Address of the Company CIN/GLN Holding / Subsidiary / Associate % of Shares Applicable section
31
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
IV. SHARE HOLDING PATTERN (Equity share capital break up as % to total Equity)
No of Shares No of Shares
% change
Category of held at the held at the
during the
Shareholders beginning of end of the
year
the year year
% of % of
Demat Physical Total Demat Physical Total
Shares Shares
A. Promoters
Foreign Bodies
34,947,195 34,947,195 100% 34,947,195 34,947,195 100% NIL
Corporate
B .Public
NIL NIL NIL
Shareholding
C.Shares held
by custodian of NIL NIL NIL
GDRs & ADRs
Grand Total
34,947,195 34,947,195 100% 34,947,195 34,947,195 100%
(A+B+C)
32
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Shareholding
Shareholder’s Shareholding
at the
Sl.No at the end of
beginning of
Name the year
the year
33
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Shareholding Cumulative
at the Shareholding
Sl.No.
beginning of during the
the year year
% of
% of total total
No of
No of Shares shares of the Shares
Shares
company of the
company
iv. Shareholding pattern of top ten shareholders (other than Directors, Promoters and Holders of GDRs and ADRs): Not applicable
V. INDEBTEDNESS
34
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
i)Principal Amount
Total (i+ii+iii)
Addition Reduction
Net Change
i)Principal Amount
Total (i+ii+iii)
Name of MD / WTD /
Sl.No Particulars of Remuneration Total Amount
Manager
35
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Gross Salary
2 Stock Option
3 Sweat Equity
Commission
4 -as % of profit
-others, specify
Total (A) 26 7 33
Remuneration to other Directors: None Remuneration to Key Managerial Personnel other than MD / Manager / WTD: None
36
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Penalty
No such issues to
Punishment report during the
year.
Compounding
C.OTHER
OFFICERS IN
DEFAULT
Penalty
Punishment
Compounding
Signature
DIN: 06652406
37
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
ANNEXURE-C
A brief outline of the company's CSR policy, including overview of projects or programs proposed to be undertaken:
Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation (including contribution to the
Swachh Bharat Kosh set-up by the Central Government for the promotion of sanitation) and making available safe drinking water. Promoting
education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently
abled and livelihood enhancement projects. Promoting gender equality, empowering women, setting up homes and hostels for women and
orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by
socially and economically backward groups. Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal
welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water [including contribution to the Clean Ganga
Fund set-up by the Central Government for rejuvenation of river Ganga] Protection of national heritage, art and culture including restoration of
buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional art and
handicrafts; Measures for the benefit of armed forces veterans, war widows and their dependents; Training to promote rural sports, nationally
recognized sports, Paralympic sports and Olympic sports Contribution to the prime minister's national relief fund or any other fund set up by the
central govt. for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women;
Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government.
Rural development projects. Slum area development. Disaster management, including relief, rehabilitation and reconstruction activities.
2. The Composition of the CSR Committee: Three Directors consisting of Mr Amit Gossain Managing Director, Mr Klaus Thomas Cawen,
Director and Mr CVS Krishnakumar Wholetime Director
3. Average net profit of the company for last three financial years: Rs 2,914 Millions
4. Prescribed CSR Expenditure (two per cent of the amount as in item 3 above) ; Rs 58 Millions
38
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Ø Manner in which the amount spent during the financial year is detailed below-
Rs. in millions
Projects or programs
39
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
40
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
6. Reasons for not spending the prescribed CSR expenditure: The company is in the process of identifying areas in which it might propose to
spend the CSR amount. Upon identifying appropriate areas, it may spend on such CSR activities.
7. The CSR committee, hereby confirms that the implementation and monitoring of CSR Policy, is in compliance with CSR objectives and Policy
of the Company.
41
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Signature
DIN: 06652406
42
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
KONE ELEVATOR INDIA PRIVATE LIMITED
FORM NO.MGT-9
Pursuant to section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies (Management and Administration) Rules,
2014
i. CIN U29141TN1984FTC010913
Plot No: A 28
43
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Pillaipakkam,
Sriperumbudur Taluk,
v. Address of Registered office and contact details
Kancheepuram District
602105
Tamilnadu
c.v.s.krishnakumar@kone.com
vii. Name, Address & contact details of the Registrar & Transfer Agent, if any. Not applicable
All business activities contribution 10% or more of the total turnover of the company shall be stated
44
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
S.No Name and Address of the Company CIN/GLN Holding / Subsidiary / Associate % of Shares Applicable section
IV. SHARE HOLDING PATTERN (Equity share capital break up as % to total Equity)
No of Shares No of Shares
% change
Category of held at the held at the
during the
Shareholders beginning of end of the
year
the year year
% of % of
Demat Physical Total Demat Physical Total
Shares Shares
A. Promoters
Foreign Bodies
34,947,195 34,947,195 100% 34,947,195 34,947,195 100% NIL
Corporate
B .Public
NIL NIL NIL
Shareholding
C.Shares held
45
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Grand Total
34,947,195 34,947,195 100% 34,947,195 34,947,195 100%
(A+B+C)
Shareholding
Shareholder’s Shareholding
at the
Sl.No at the end of
beginning of
Name the year
the year
46
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Shareholding Cumulative
at the Shareholding
Sl.No.
beginning of during the
the year year
% of
% of total total
No of
No of Shares shares of the Shares
Shares
company of the
company
iv. Shareholding pattern of top ten shareholders (other than Directors, Promoters and Holders of GDRs and ADRs): Not applicable
47
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
V. INDEBTEDNESS
i)Principal Amount
Total (i+ii+iii)
Addition Reduction
Net Change
i)Principal Amount
Total (i+ii+iii)
48
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Name of MD / WTD /
Sl.No Particulars of Remuneration Total Amount
Manager
Gross Salary
2 Stock Option
3 Sweat Equity
Commission
4 -as % of profit
-others, specify
Total (A) 26 7 33
Remuneration to other Directors: None Remuneration to Key Managerial Personnel other than MD / Manager / WTD: None
49
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Penalty
No such issues to
Punishment report during the
year.
Compounding
C.OTHER
OFFICERS IN
DEFAULT
Penalty
Punishment
Compounding
Signature
50
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
DIN: 06652406
51
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
DIRECTORS’ REPORT
REPORT
Your Directors are pleased to present the 35th Annual Report along with the Audited Accounts for the period ended 31st March 2020.
Apr Apr
2019 2018
PARTICULARS to to
Mar Mar
2020 2019
Less: Interest 41 8
52
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Less: Provision for Tax including Deferred Tax Asset 1,000 1,003
Add: Brought Forward Profit from Previous Year & Other adjustments 2,629 2,125
in FY 2018-19 1,041
Add: Other Comprehensive Income arising from re-measurements of post-employment benefit obligations
(58) 4
& Income tax thereon
Appropriations:
a) General Reserve 0 0
c) Tax on dividend
0 330
53
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
2. OPERATIVE RESULTS
The Directors are pleased to present once again very encouraging figures for the period 01st April 2019 to 31st March 2020. The profit before
tax was at Rs. 3,067 Millions.
Your Directors are pleased to inform that during the year the state-of-the-art factory set up in PLOT NO A28, SIPCOT- PILLAPAKKAM
INDUSTRIAL PARK, KANCHIPURAM DISTRICT, SRIPERUMBADUR TALUK, VENGADU VILLAGE, PIN-602105 to cater to the present
and future demands of the company was inaugurated. Also the plaque was unveiled by Mr.Banwarilal Purohit Honourable Governor of
Tamilnadu in the presence of. H.E. Mr.Pekka Haavisto Honourable Minister for Foreign Affairs of Finland Mr. M.C.Sampath Honourable
Minister of Industrial Department, Government of Tamilnadu, Mr.Antti Herlin Chariman KONE Corporation, Mr.Henrik Ehrnrooth, President &
CEO, Mr.Axel Berkling , EVP APA from KONE Corporation and Mr.Amit Gossain Managing Director . The manufacturing operations were
smoothly shifted from the existing factory at Vanagaram to the new factory. The registered office was also shifted from the old factory to the new
factory address referred above.
The company adopted Ind AS 116 by which the Company recognised lease liabilities in relation to leases which had previously been classified as
'operating leases' under the principles of Ind AS 17, Leases. These liabilities were measured at the present value of the remaining lease payments,
discounted using the lessee's incremental borrowing rate as of April 1, 2019. The details have been furnished in the notes to the financial
statements for the year ended 31st March 2020.
The spread of Covid-19 have severely affected the businesses around the globe. In many countries including India, there has been severe
disruption to regular operations due to lock-downs, disruptions in transportations, supply chain, travel bans, quarantines, social distancing and
other emergency measures.
In spite of the difficult environment, the operations of the company were carried out remotely with all possible controls and ensured field
operations by the employees with all personal protection equipment’s (PPEs) in order to meet the emergency needs of the customers.
54
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
The Company has made detailed assessment of its liquidity position for the next few months and of the recoverability and carrying values of its
assets comprising property, plant and equipment, intangible assets, trade receivables, contract assets and inventories as at the balance sheet date,
and has concluded that there are no material adjustments required to be made in the financial statements.
Management has taken into account all the possible impact of known events arising from Covid-19 pandemic in the preparation of the financial
statements. However, the impact assessment of Covid-19 is a continuing process given the uncertainties associated with its nature and duration.
The Company will continue to monitor any material changes to future economic conditions.
There is no change in the nature of business during the year under review.
4. TRANSFER TO RESERVES
5. DIVIDEND
The Board of Directors of your company, after considering holistically the relevant circumstances and keeping in view the company’s
requirement has decided that it would be prudent not to recommend any dividend for the financial year 2019-20.
The Board of Directors of the Company met 4 (Four) times during the financial year 2019-2020 on the following dates:
55
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
22nd May 2019, 29th August 2019, 11th December 2019 and 20th March 2020
During the year, four Board meetings were duly convened and held and the intervening gap between any two meetings was within the period
prescribed under the Companies Act 2013. Mr. Amit Gossain attended all meetings. Mr. Klaus Thomas Cawen attended one meeting, and Mr.
CVS Krishnakumar attended Three meetings.
Attendance of Directors
There is no change in the composition of the Board during the financial year 2019-20
The Corporate social responsibility committee met Four times during the financial year 2019-20 on 22nd May 2019, 29th August 2019, 11th
December 2019 and 20th March 2020
56
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
The provisions of Section 149 relating to appointment of Independent Directors do not apply to the Company.
8. DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION (12) OF S ECTION 143OTHER THAN
THOSE WHICH ARE REPORTABLE TO THE CENTRAL GOVERNMENT:-
There are no such instances reported by the auditors of the Company under sub-section (12) of S ection 143.
The provisions of Section 178(1) of the Companies Act 2013 are not applicable to the Company.
57
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
10. DEPOSITS
The company has not accepted any deposits during the year. The provisions of Section 73 of the Companies Act, 2013 and Companies
(Acceptance of Deposits) Rules 2014 are not applicable to the Company.
11. MATERIAL CHANGES BETWEEN THE DATE OF THE BOARD REPORT AND END OF THE FINANCIAL YEAR
There have been no material changes and commitments, if any, affecting the financial position of the Company which have occurred between the
end of the financial year of the Company to which the financial statements relate and the date of the report.
12. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE
GOING CONCERN STATUS AND
During the year there were no significant and material orders passed by the regulators or courts or tribunals, impacting the going concern status
and company’s operations in future.
58
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
As required under section 134(3)(m) of the Companies Act, 2013, read with Rule 8 of the Companies (Accounts) Rules, 2014, the information
relating to the foregoing matters is given by way of Annexure A to this Report.
i) In the preparation of annual accounts of the financial year ended 2019-20, the applicable accounting standards had been followed along
with proper explanation relating to material departures.
ii) The Directors had selected such accounting policies and applied them consistently and made judgments and estimates that are
reasonable and prudent so as to give a true and fair view of the state of affairs of the company for the financial year ended 2019-20 and of the
profit and loss of the Company for that period.
iii) The Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the
provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.
iv) The Directors had prepared the annual accounts of the financial year ended 2019-20 as a going concern basis.
v) The Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively.
15. AUDITORS
59
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
M/s. Price Waterhouse Chartered Accountants LLP (FRN 012754N/N500016), Statutory Auditors of the company hold office till the conclusion
of Thirty Seventh Annual General Meeting of the Company.
Pursuant to the provisions of section 148(3) of the act, the board of directors had appointed M/s K Suryanarayanan ( Membership no : 24946)
Cost Accountants, Chennai, as cost auditors of the company, for conducting the audit of cost records for the financial year ended March 31,
2020. Audit Report will be filed with the Ministry of Corporate Affairs within the prescribed period.
(i) There were no qualifications or adverse remarks in the Auditor’s Report. However the Auditors have stated that back up of books of accounts
and other books and papers maintained in electronic mode has not been maintained on servers physically located in India. Considering the
technological advancement, the books and accounts are maintained in Severs located outside India. However, it is ensured that the information in
such servers remain accessible in India for use for subsequent reference. They are also retained in the format in which they were originally
generated. The electronic record of documents are displayed in legible form. Back ups are also taken periodically and Company is taking steps to
maintain them in India on the servers located in India. The details of the maintenance shall be submitted with the Registrar as required under the
Act.
(ii) The provisions relating to submission of Secretarial Audit Report is not applicable to the Company.
Transactions with related parties are detailed in Note No.36 of the Financial Statements. All the Related Party Transactions that were entered into
during the financial year were on arm’s length basis and were in the ordinary course of business. All the Related Party Transactions were brought
to the notice of the Board.
During the year under review, the company did not grant any loan or provide any guarantee or did not make any investment as per the provisions
of Sec.186 of the Companies Act 2013.
60
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
During the year under review, the Company had developed and implemented risk assessment policy. Given the asset base and the portfolio of
investments made by the Company, the Board is of the opinion that there are no major risks affecting the existence of the Company. The financial
risk management and Capital Risk Management are given in detailed in Note No.29A and 29B of the Financial Statement.
The details forming part of the extract of the Annual Return of the Company in form MGT-9 is annexed herewith as Annexure B.
22. PERSONNEL
The Management employee relations continued to be very cordial during the period under review.
The Company had to spend Rs. 58 Millions towards CSR activities computed as per the requirements of Section 135 of the Companies Act, 2013
read with Schedule VII. Due to the delay in the process of evaluating various projects covering the activities specified under CSR, the
Management has spent Rs.0.46 millions during the current year. However, efforts are being taken for identification of projects and steps are
taken to undertake CSR activities in entirety.
24 COST RECORDS
The Company is required to maintain cost records as per sub-section (1) of 148 of the Companies Act, 2013 and accordingly such accounts and
records are made and maintained.
As per the requirement of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and Rules made
thereunder, your Company has formed Internal Complaints Committee under the said Act . During the year under review, there were no cases
received/filed pursuant to the provisions of the said Act .
61
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
The company has designed a proper and adequate internal finaicial control system to ensure, adherence to company’s policies , assets are
safeguarded, and that transactions are accurate, complete and properly authorised prior to recording. information provided to management is
reliable and timely, and statutory obligations are adhered to.
The Company has complied with applicable provisions in the secretarial standards.
ACKNOWLEDGEMENTS
Your Directors wish to place on record their appreciation to the Principal Shareholder, Collaborator, Banks for their continued co-operation and
support.
The Board of Directors also take this opportunity to acknowledge the dedicated efforts made by employees at all level for their contribution to the
success achieved by the Company and acknowledge with deep gratitude the unstinted support of the Collaborator, KONE Corporation.
62
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Signature
DIN: 06652406
63
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
ANNEXURE A
INFORMATION UNDER SECTION 134(3)(m) OF THE COMPANIES ACT, 2013, READ WITH RULE 8 OF THE COMPANIES
(AUDITORS) RULES, 2014 AND FORMING PART OF THE DIRECTORS’ REPORT
CONSERVATION OF ENERGY
PARTICULARS DETAILS
The Company has taken all necessary steps for conservation of energy, necessary
The steps taken or impact on
capacitor banks have been provided for power factor correction to keep energy consumption
conservation of energy
to the minimum.
64
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
TECHNOLOGY ABSORPTION
Electricity
a) Purchase
Kwh 33,56,372 22,49,260
Units
Rs. 32,215,075 18,494,680
Total Amount
Rs. 9.60 8.22
Rate / Unit
Units
Kwh 43,995 69,520
Units
Kwh/Ltr 3.20 3.47
Rate / Unit
Rs. 21.34 21.03
c) Others (diesel for boiler etc)
Quantity
Ltrs 14,110 35,835
Total Amount
Rs. 9,84,314 1,869,601
Rate / Unit
Rs. 69.76 52.17
Electricity
Furnace
Kwh 378.62 209.84
Coal
Ltrs Nil Nil
Diesel Oil
Kgs Nil Nil
65
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
FOREIGN EXCHANGE
During the year foreign exchange earnings amounted to Rs.1,884 million. Our products have been received well in the foreign markets and we
expect repeat orders. Foreign exchange outflow is
Rs.1,261 towards licenses & Technical fees, Rs.157 Million towards Trademark License, Rs.82 Million towards other expenses and Value of
imports Rs.2160 million
Signature
DIN: 06652406
66
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
FORM NO.MGT-9
67
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Pursuant to section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies (Management and Administration) Rules,
2014
i. CIN U29141TN1984FTC010913
Plot No: A 28
Pillaipakkam,
Sriperumbudur Taluk,
v. Address of Registered office and contact details
Kancheepuram District
602105
Tamilnadu
c.v.s.krishnakumar@kone.com
vii. Name, Address & contact details of the Registrar & Transfer Agent, if any. Not applicable
68
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
All business activities contribution 10% or more of the total turnover of the company shall be stated
S.No Name and Address of the Company CIN/GLN Holding / Subsidiary / Associate % of Shares Applicable section
69
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
IV. SHARE HOLDING PATTERN (Equity share capital break up as % to total Equity)
No of Shares No of Shares
% change
Category of held at the held at the
during the
Shareholders beginning of end of the
year
the year year
% of % of
Demat Physical Total Demat Physical Total
Shares Shares
A. Promoters
Foreign Bodies
34,947,195 34,947,195 100% 34,947,195 34,947,195 100% NIL
Corporate
B .Public
NIL NIL NIL
Shareholding
C.Shares held
by custodian of NIL NIL NIL
GDRs & ADRs
Grand Total
34,947,195 34,947,195 100% 34,947,195 34,947,195 100%
(A+B+C)
70
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Shareholding
Shareholder’s Shareholding
at the
Sl.No at the end of
beginning of
Name the year
the year
71
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Shareholding Cumulative
at the Shareholding
Sl.No.
beginning of during the
the year year
% of
% of total total
No of
No of Shares shares of the Shares
Shares
company of the
company
iv. Shareholding pattern of top ten shareholders (other than Directors, Promoters and Holders of GDRs and ADRs): Not applicable
V. INDEBTEDNESS
72
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
i)Principal Amount
Total (i+ii+iii)
Addition Reduction
Net Change
i)Principal Amount
Total (i+ii+iii)
Name of MD / WTD /
Sl.No Particulars of Remuneration Total Amount
Manager
73
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Gross Salary
2 Stock Option
3 Sweat Equity
Commission
4 -as % of profit
-others, specify
Total (A) 26 7 33
Remuneration to other Directors: None Remuneration to Key Managerial Personnel other than MD / Manager / WTD: None
74
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Penalty
No such issues to
Punishment report during the
year.
Compounding
C.OTHER
OFFICERS IN
DEFAULT
Penalty
Punishment
Compounding
Signature
DIN: 06652406
75
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
ANNEXURE-C
A brief outline of the company's CSR policy, including overview of projects or programs proposed to be undertaken:
Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation (including contribution to the
Swachh Bharat Kosh set-up by the Central Government for the promotion of sanitation) and making available safe drinking water. Promoting
education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently
abled and livelihood enhancement projects. Promoting gender equality, empowering women, setting up homes and hostels for women and
orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by
socially and economically backward groups. Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal
welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water [including contribution to the Clean Ganga
Fund set-up by the Central Government for rejuvenation of river Ganga] Protection of national heritage, art and culture including restoration of
buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional art and
handicrafts; Measures for the benefit of armed forces veterans, war widows and their dependents; Training to promote rural sports, nationally
recognized sports, Paralympic sports and Olympic sports Contribution to the prime minister's national relief fund or any other fund set up by the
central govt. for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women;
Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government.
Rural development projects. Slum area development. Disaster management, including relief, rehabilitation and reconstruction activities.
2. The Composition of the CSR Committee: Three Directors consisting of Mr Amit Gossain Managing Director, Mr Klaus Thomas Cawen,
Director and Mr CVS Krishnakumar Wholetime Director
3. Average net profit of the company for last three financial years: Rs 2,914 Millions
4. Prescribed CSR Expenditure (two per cent of the amount as in item 3 above) ; Rs 58 Millions
76
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Ø Manner in which the amount spent during the financial year is detailed below-
Rs. in millions
Projects or programs
77
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
78
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
6. Reasons for not spending the prescribed CSR expenditure: The company is in the process of identifying areas in which it might propose to
spend the CSR amount. Upon identifying appropriate areas, it may spend on such CSR activities.
7. The CSR committee, hereby confirms that the implementation and monitoring of CSR Policy, is in compliance with CSR objectives and Policy
of the Company.
79
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Signature
DIN: 06652406
80
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
81
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
PARTICULARS DETAILS
The Company has taken all necessary steps for conservation of energy, necessary capacitor
The steps taken or impact on
banks have been provided for power factor correction to keep energy consumption to the
conservation of energy
minimum.
82
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Steps taken by the company for utilising alternate sources of energy [Text block]
TECHNOLOGY ABSORPTION
Electricity
a) Purchase
Kwh 33,56,372 22,49,260
Units
Rs. 32,215,075 18,494,680
Total Amount
Rs. 9.60 8.22
Rate / Unit
Units
Kwh 43,995 69,520
Units
Kwh/Ltr 3.20 3.47
Rate / Unit
Rs. 21.34 21.03
c) Others (diesel for boiler etc)
Quantity
Ltrs 14,110 35,835
Total Amount
Rs. 9,84,314 1,869,601
Rate / Unit
Rs. 69.76 52.17
Electricity
Furnace
Kwh 378.62 209.84
Coal
Ltrs Nil Nil
Diesel Oil
Kgs Nil Nil
83
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
84
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
TECHNOLOGY ABSORPTION
PARTICULARS DETAILS
The benefits derived like product improvement, cost reduction, product Manufacture of products meeting the local
development or import substitution requirements, improvement in process.
NA
(d) if not fully absorbed, areas where absorption has not taken place, and
NA
the reasons thereof
85
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Details of material changes and commitment occurred during period affecting financial position of company
. MATERIAL CHANGES BETWEEN THE DATE OF THE BOARD REPORT AND END OF THE FINANCIAL YEAR There have been no
material changes and commitments, if any, affecting the financial position of the Company which have occurred between the end of the financial
year of the Company to which the financial statements relate and the date of the report.
During the year under review, the company did not grant any loan or provide any guarantee or did not make any investment as per the provisions
of Sec.186 of the Companies Act 2013.
86
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
18. RELATED PARTY TRANSACTIONS
Transactions with related parties are detailed in Note No.36 of the Financial Statements. All the Related Party Transactions that were entered into
during the financial year were on arm’s length basis and were in the ordinary course of business. All the Related Party Transactions were brought
to the notice of the Board.
Note 36
Related
party
disclosures
Fellow subsidiaries
Year ended March 31, 2020 Year ended March 31, 2019
KONE AB KONE AB
KONE AG KONE AG
KONE Elevator (M) sdn. bhd. KONE Elevator (M) sdn. bhd.
87
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
KONE Industrial
KONE Industrial SPA
SPA
KONE (Ireland)
KONE (Ireland) Limited
Limited
KONE Elevators
KONE Assarain Llc and Escalators
Sarlau
KONE Uganda
KONE Export Oy
Limited
KONE Kenya
KONE Llc
Limited
KONE
KONE Hissit Oy
Deursystemen BV
KONE Elevators
KONE A/S
Cyprus Limited
KONE Aksjeselskap
KONE LTD
88
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Kone Asansör
SIA KONE Lifti Latvija Sanayi ve Ticaret
A.S.
KONE Elevadores
KONE (Schweiz) AG
S.A.
KONE
KONE a.s.
(Schweiz) AG
KONE Felvonó
KONE Sp.zo.o.
Kft
KONE
KONE d.o.o.
Sp.zo.o.
89
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
KONE ELEVATOR INDIA PRIVATE LIMITED
FORM NO.MGT-9
Pursuant to section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies (Management and Administration) Rules,
2014
i. CIN U29141TN1984FTC010913
Plot No: A 28
90
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Pillaipakkam,
Sriperumbudur Taluk,
v. Address of Registered office and contact details
Kancheepuram District
602105
Tamilnadu
c.v.s.krishnakumar@kone.com
vii. Name, Address & contact details of the Registrar & Transfer Agent, if any. Not applicable
All business activities contribution 10% or more of the total turnover of the company shall be stated
91
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
S.No Name and Address of the Company CIN/GLN Holding / Subsidiary / Associate % of Shares Applicable section
IV. SHARE HOLDING PATTERN (Equity share capital break up as % to total Equity)
No of Shares No of Shares
% change
Category of held at the held at the
during the
Shareholders beginning of end of the
year
the year year
% of % of
Demat Physical Total Demat Physical Total
Shares Shares
A. Promoters
Foreign Bodies
34,947,195 34,947,195 100% 34,947,195 34,947,195 100% NIL
Corporate
B .Public
NIL NIL NIL
Shareholding
C.Shares held
92
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Grand Total
34,947,195 34,947,195 100% 34,947,195 34,947,195 100%
(A+B+C)
Shareholding
Shareholder’s Shareholding
at the
Sl.No at the end of
beginning of
Name the year
the year
93
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Shareholding Cumulative
at the Shareholding
Sl.No.
beginning of during the
the year year
% of
% of total total
No of
No of Shares shares of the Shares
Shares
company of the
company
iv. Shareholding pattern of top ten shareholders (other than Directors, Promoters and Holders of GDRs and ADRs): Not applicable
94
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
V. INDEBTEDNESS
i)Principal Amount
Total (i+ii+iii)
Addition Reduction
Net Change
i)Principal Amount
Total (i+ii+iii)
95
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Name of MD / WTD /
Sl.No Particulars of Remuneration Total Amount
Manager
Gross Salary
2 Stock Option
3 Sweat Equity
Commission
4 -as % of profit
-others, specify
Total (A) 26 7 33
Remuneration to other Directors: None Remuneration to Key Managerial Personnel other than MD / Manager / WTD: None
96
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Penalty
No such issues to
Punishment report during the
year.
Compounding
C.OTHER
OFFICERS IN
DEFAULT
Penalty
Punishment
Compounding
Signature
97
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
DIN: 06652406
98
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure for companies covered under section 178(1) on directors appointment and remuneration including other
matters provided under section 178(3) [Text Block]
I. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
Name of MD / WTD /
Sl.No Particulars of Remuneration Total Amount
Manager
Gross Salary
2 Stock Option
3 Sweat Equity
Commission
4 -as % of profit
-others, specify
Total (A) 26 7 33
99
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Remuneration to other Directors: None Remuneration to Key Managerial Personnel other than MD / Manager / WTD: None
Disclosure of statement on development and implementation of risk management policy [Text Block]
RISK MANAGEMENT:
During the year under review, the Company had developed and implemented risk assessment policy. Given the asset base and the portfolio of
investments made by the Company, the Board is of the opinion that there are no major risks affecting the existence of the Company. The financial
risk management and Capital Risk Management are given in detailed in Note No.29A and 29B of the Financial Statement.
Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
CORPORATE SOCIAL RESPONSIBILITY
The Company had to spend Rs. 58 Millions towards CSR activities computed as per the requirements of Section 135 of the Companies Act, 2013
read with Schedule VII. Due to the delay in the process of evaluating various projects covering the activities specified under CSR, the
Management has spent Rs.0.46 millions during the current year. However, efforts are being taken for identification of projects and steps are
taken to undertake CSR activities in entirety.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Apr Apr
2019 2018
PARTICULARS to to
Mar Mar
2020 2019
Less: Interest 41 8
Less: Provision for Tax including Deferred Tax Asset 1,000 1,003
Add: Brought Forward Profit from Previous Year & Other adjustments 2,629 2,125
in FY 2018-19 1,041
Add: Other Comprehensive Income arising from re-measurements of post-employment benefit obligations
101
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Appropriations:
a) General Reserve 0 0
c) Tax on dividend
0 330
Details relating to deposits covered under chapter v of companies act [Text Block]
The company has not accepted any deposits during the year. The provisions of Section 73 of the Companies Act, 2013 and Companies
(Acceptance of Deposits) Rules 2014 are not applicable to the Company.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Details of significant and material orders passed by regulators or courts or tribunals impacting going concern status
and company’s operations in future [Text Block]
During the year there were no significant and material orders passed by the regulators or courts or tribunals, impacting the going concern status
and company’s operations in future.
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
The company has designed a proper and adequate internal finacial control system to ensure, adherence to company’s policies , assets are
safeguarded, and that transactions are accurate, complete and properly authorised prior to recording. information provided to management is
reliable and timely, and statutory obligations are adhered to.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
A brief outline of the company's CSR policy, including overview of projects or programs proposed to be undertaken:
Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation (including contribution to the
Swachh Bharat Kosh set-up by the Central Government for the promotion of sanitation) and making available safe drinking water. Promoting
education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently
abled and livelihood enhancement projects. Promoting gender equality, empowering women, setting up homes and hostels for women and
orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by
socially and economically backward groups. Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal
welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water [including contribution to the Clean Ganga
Fund set-up by the Central Government for rejuvenation of river Ganga] Protection of national heritage, art and culture including restoration of
buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional art and
handicrafts; Measures for the benefit of armed forces veterans, war widows and their dependents; Training to promote rural sports, nationally
recognized sports, Paralympic sports and Olympic sports Contribution to the prime minister's national relief fund or any other fund set up by the
central govt. for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women;
Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government.
Rural development projects. Slum area development. Disaster management, including relief, rehabilitation and reconstruction activities.
2. The Composition of the CSR Committee: Three Directors consisting of Mr Amit Gossain Managing Director, Mr Klaus Thomas Cawen,
Director and Mr CVS Krishnakumar Wholetime Director
3. Average net profit of the company for last three financial years: Rs 2,914 Millions
4. Prescribed CSR Expenditure (two per cent of the amount as in item 3 above) ; Rs 58 Millions
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Ø Manner in which the amount spent during the financial year is detailed below-
Rs. in millions
105
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Auditor's Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark disclaimer remark applicable
[Member] [Member] [Member]
01/04/2019 01/04/2019 01/04/2019
to to to
31/03/2020 31/03/2020 31/03/2020
Disclosure of auditor's qualification(s), reservation(s) or adverse
remark(s) in auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or
adverse remark(s) in auditors' report [LineItems]
Textual information
Disclosure in auditors report relating to fixed assets (26) [See below]
The Company is
maintaining proper
records showing full
particulars, inc
Disclosure relating to quantitative details of fixed assets luding quantitative
details and situation,
of property, plant
and equipment.
Disclosure relating to physical verification and material Textual information
discrepancies of fixed assets (27) [See below]
The title deeds of
immovable
properties, as
disclosed in Note 3
on property, plant
Disclosure relating to title deeds of immovable properties and equipment to the
Ind AS financial
statements, are held
in the name of the
Company.
The discrepancies
noticed on physical
verification of
Disclosure in auditors report relating to inventories inventory as
compared to book
records were not
material.
During the year
under review, the
company did not
grant any loan or
provide any
Disclosure in auditors report relating to loans guarantee or did not
ma k e a n y
investment as per the
provisions of
Sec.186 of the
Companies Act 2013
Disclosure about loans granted to parties covered under Textual information
section 189 of companies act (28) [See below]
Textual information
Disclosure relating to terms and conditions of loans granted (29) [See below]
Textual information
Disclosure regarding receipt of loans granted (30) [See below]
Textual information
Disclosure regarding terms of recovery of loans granted (31) [See below]
Disclosure in auditors report relating to compliance with Textual information
Section 185 and 186 of Companies Act, 2013 (32) [See below]
The Company has
not accepted any
deposits from the
public within
themeaning of
Disclosure in auditors report relating to deposits accepted Sections 73, 74, 75
and 76 of the Act
and the Rules framed
there under to the
extent notified.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure about loans granted to parties covered under section 189 of companies act
The Company has not granted any loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or other parties covered in the
register maintained under Section 189 of the Act.Therefore, the provisions of Clause 3(iii), (iii)(a), (iii)(b) and (iii)(c) of the Order are not
applicable to the Company.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
The Company has not granted any loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or other parties covered in the
register maintained under Section 189 of the Act. Therefore, the provisions of Clause 3(iii), (iii)(a), (iii)(b) and (iii)(c) of the Order are not
applicable to the Company.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
According to the information and explanations given to us and the records of the Company examined by us, there are no dues of duty of customs,
duty of excise and goods and services tax which have not been deposited on account of any dispute. The particulars of dues of income tax, sales
tax, service tax and value added tax (VAT) as at March 31, 2020 which have not been deposited on account of a dispute, are as follows:
Assistant
2002-03 and April 2003 Commissioner
Central Sales Tax Act, 1956 Sales Tax 446.33
to December 2003
Delhi Sales Tax Act, 1975 Sales Tax 9.27 2002-03 Joint Commissioner
Additional
11.54 2003-04
Commissioner
Appellate Assistant
Orissa Sales Tax Act, 1947 Sales Tax 0.75 2002-03
Commissioner
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
March 2015 to
1.14 Commissioner Appeals
June 2017
July 2003 to
16.20 Supreme Court
December 2003
Office of the
80.49 2009-14 Commissioner of GST
and Central Excise
Central Sales Tax Act, 1956 Sales Tax 0.60 2006-07 Joint Commissioner
Department of Trade
61.92 2015-16
and Taxes
Maharashtra VAT Act, 2002 VAT 50.44 2007-08 to 2012-13 Maharashtra Tribunal
2013-14 and
81.26 Joint Commissioner
2014-15
112
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Tamil Nadu VAT Act, 2006 VAT 6.92 2012-13 and 2013-14 Joint Commissioner
Additional
0.13 2013-14
Commissioner
2007-08 to
2011-12 and Assistant
10.15
2013-14 to Commissioner
2015-16
2007-08 to
5.24 West Bengal Tribunal
2010-11
Additional
Uttar Pradesh VAT Act,
VAT 15.68 2011-12 to 2013-14 Commissioner Grade
2008
2 (Appeal - 1)
2015-16 and
137.08 Assessing Officer
2016-17
Telangana VAT Act, 2005 VAT 8.47 2013-14 to 2015-16 Deputy Commissioner
113
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Commissioner
Rajasthan VAT Act, 2003 VAT 5.69 2008-09
Appeals
2006-07 and
10.50 High Court
2007-08
Central Sales Tax Act, 1956 Sales Tax 1.45 2016-17 Assessing Officer
*Disputed amount considered above is net of Rs. 92.69 Million paid under protest.
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
The Company has not raised any moneys by way of initial public offer, further public offer (including debt instruments) and term loans.
Accordingly, the provisions of Clause 3(ix) of the Order are not applicable to the Company.
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
During the course of our examination of the books and records of the Company, carried out in accordance with the generally accepted auditing
practices in India, and according to the information and explanations given to us, we have neither come across any instance of material fraud by
the Company or on the Company by its officers or employees, noticed or reported during the year, nor have we been informed of any such case by
the management.
114
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible
debentures
The Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year
under review. Accordingly, the provisions of Clause 3(xiv) of the Order are not applicable to the Company.
Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him
The Company has not entered into any n o n - c a s h transactions with its directors or persons connected with him. Accordingly, the provisions of
Clause 3(xv) of the Order are not applicable to the Company.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Opinion
1. We have audited the accompanying Ind AS financial statements of KONE Elevator India Private Limited (“the Company”), which
comprise the Balance Sheet as at March 31, 2020, the Statement of Profit and Loss (including Other Comprehensive Income), the Statement of
Changes in Equity and the Statement of Cash Flows for the year then ended, and notes to the Ind AS financial statements, including a summary of
significant accounting policies and other explanatory information.
2. In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Ind AS financial statements
give the information required by the Companies Act, 2013 (“the Act") in the manner so required and give a true and fair view in conformity with
the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2020, and its total comprehensive
income (comprising of profit and other comprehensive income), changes in equity and its cash flows for the year then ended.
3. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act. Our
responsibilities under those Standards are further described in the Auditors’ Responsibilities for the Audit of the Ind AS Financial Statements
section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants
of India together with the ethical requirements that are relevant to our audit of the Ind AS financial statements under the provisions of the Act and
the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We
believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Emphasis of Matter
4. We draw your attention to Note 44 to the Ind AS financial statements, which describes the management’s assessment of the impact of the
outbreak of Coronavirus (Covid-19) on the business operations of the Company. The management believes that no adjustments are required in the
Ind AS financial statements as it does not impact the current financial year, however, in view of the various preventive measures taken (such as
complete lock-down restrictions by the Government of India, travel restrictions etc.) and highly uncertain economic environment, a definitive
assessment of the impact on the subsequent periods is highly dependent upon circumstances as they evolve.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Other Information
5. The Company’s Board of Directors is responsible for the other information. The other information comprises the information included in
the Directors’ report, but does not include the Ind AS financial statements and our auditors’ report thereon.
Our opinion on the Ind AS financial statements does not cover the other information and we do not express any form of assurance conclusion
thereon.
In connection with our audit of the Ind AS financial statements, our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent with the Ind AS financial statements or our knowledge obtained in the audit or otherwise
appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other
information, we are required to report that fact.
Responsibilities of Management and Those Charged With Governance for the Ind AS Financial Statements
6. The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Act with respect to the preparation of these
Ind AS financial statements that give a true and fair view of the financial position, financial performance, changes in equity and cash flows of the
Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section
133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for
safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of
appropriate accounting policies; making judgements and estimates that are reasonable and prudent; and design, implementation and maintenance
of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records,
relevant to the preparation and presentation of the Ind AS financial statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error.
7. In preparing the Ind AS financial statements, management is responsible for assessing the Company’s ability to continue as a going
concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either
intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Those Board of Directors are also responsible
for overseeing the Company’s financial reporting process.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
8. Our objectives are to obtain reasonable assurance about whether the Ind AS financial statements as a whole are free from material
misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of
assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of users taken on the basis of these Ind AS financial statements.
9. As part of an audit in accordance with SAs, we exercise professional judgement and maintain professional skepticism throughout the audit.
We also:
· Identify and assess the risks of material misstatement of the Ind AS financial statements, whether due to fraud or error, design and perform
audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk
of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control.
· Obtain an understanding of internal controls relevant to the audit in order to design audit procedures that are appropriate in the
circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate
internal financial controls with reference to Ind AS financial statements in place and the operating effectiveness of such controls.
· Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by
management.
· Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained,
whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a
going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures
in the Ind AS financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence
obtained up to the date of our auditors’ report. However, future events or conditions may cause the Company to cease to continue as a going
concern.
· Evaluate the overall presentation, structure and content of the Ind AS financial statements, including the disclosures, and whether the Ind
AS financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
10. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and
significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
118
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
11. As required by ‘the Companies (Auditor’s Report) Order, 2016’ (“the Order”), issued by the Central Government of India in terms of
sub-section (11) of Section 143 of the Act, we give in the Annexure B a statement on the matters specified in paragraphs 3 and 4 of the Order, to
the extent applicable.
(a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purposes of our audit.
(b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of
those books, except that the back-up of the books of account and other books and papers maintained in electronic mode has not been maintained
on servers physically located in India.
(c) The Balance Sheet, the Statement of Profit and Loss (including Other Comprehensive Income), the Statement of Changes in Equity and the
Statement of Cash Flows dealt with by this Report are in agreement with the books of account.
(d) In our opinion, the aforesaid Ind AS financial statements comply with the Accounting Standards specified under Section 133 of the Act .
(e) On the basis of the written representations received from the directors as on March 31, 2020 taken on record by the Board of Directors, none
of the directors is disqualified as on March 31, 2020 from being appointed as a director in terms of Section 164(2) of the Act.
(f) With respect to the maintenance of accounts and other matters connected therewith, reference is made to our comment in paragraph 12(b)
above that the back-up of the books of account and other books and papers maintained in electronic mode has not been maintained on servers
physically located in India.
(g) With respect to the adequacy of the internal financial controls with reference to Ind AS financial statements of the Company and the
operating effectiveness of such controls, refer to our separate Report in Annexure A.
(h) With respect to the other matters to be included in the Auditors’ Report in accordance with Rule 11 of the Companies (Audit and Auditors)
Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
119
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
i. The Company has disclosed the impact of pending litigations on its financial position in its Ind AS financial statements - Refer Note 13B
to the Ind AS financial statements.
ii. The Company has long-term contracts as at March 31, 2020 for which there no material foreseeable losses. The Company did not have any
long-term derivative contracts as at March 31, 2020.
iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company during the
year ended March 31, 2020.
iv. The reporting on disclosures relating to Specified Bank Notes is not applicable to the Company for the year ended March 31, 2020.
13. The provisions of Section 197 read with Schedule V to the Act are applicable only to public companies. Accordingly, reporting under
Section 197(16) of the Act is not applicable to the Company.
Chartered Accountants
Sandeep Chaddha
Partner
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
122
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
123
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
124
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
125
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
126
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
127
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
128
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
129
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
130
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
131
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
132
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
KONE Elevator India Private Limited (the 'Company’) incorporated as a private limited company is a wholly owned subsidiary of KONE OYJ,
Finland and comes under the Asia-Pacific region in the KONE group structure.
The Company is engaged in the business of manufacturing, supply, installation and commissioning of new elevators; supply, installation and
commissioning of new escalators; maintenance, servicing and modernisation of existing elevators and escalators; and is also engaged in rendering
software services to the group companies.
This note provides a list of the significant accounting policies adopted in the preparation of these financial statements. These policies have been
consistently applied to all the years presented, unless otherwise stated.
The financial statements comply in all material aspects with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies
Act, 2013 (the ‘Act’) [Companies (Indian Accounting Standards) Rules, 2015] and other relevant provisions of the Act.
The financial statements have been prepared on a historical cost basis, except for the following:
• certain financial assets and liabilities (including derivative instruments) is measured at fair value;
• assets held for sale - measured at fair value less cost to sell;
• share-based payments
All assets and liabilities have been classified as current or non-current as per the Company’s normal operating cycle and other criteria set out in
the Schedule III (Division II) to the Companies Act, 2013. Based on the nature of products and the time between the acquisition of assets for
processing and their realisation in cash and cash equivalents, the Company has ascertained its operating cycle as 12 months for the purpose of
current and non-current classification of assets and liabilities.
The Company has applied the following standards and amendments for the first time in their annual reporting period commencing April 1, 2019:
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
2. Uncertainty over Income Tax Treatments - Appendix C to Ind AS 12, Income Taxes
The Company had to change its accounting policies as a result of adopting Ind AS 116. This is disclosed in Note 43. The other amendments listed
above did not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future
periods.
Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker (CODM).
The Managing Director of KONE Elevator India Private Limited assesses the financial performance and position of the Company, and makes
strategic decisions. The Managing Director has been identified as being the CODM. Refer Note 30 for segment information presented.
Items included in the financial statements are measured using the currency of the primary economic environment in which the Company operates
(‘the functional currency’). The financial statements are presented in Indian rupee (INR or Rs.), which is Company’s functional and presentation
currency.
Foreign currency transactions are translated into the functional currency using the exchange rates at the dates of the transactions. Foreign
exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities
denominated in foreign currencies at year end exchange rates are recognised in profit or loss.
Foreign exchange differences arising on foreign currency borrowings are presented in the statement of profit and loss, within finance costs. All
other foreign exchange gains and losses are presented in the statement of profit and loss on a net basis within other income/(expenses).
Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value
was determined. Translation differences on assets and liabilities carried at fair value are reported as part of the fair value gain or loss.
The financial statements of an integral foreign operation are translated using the principles and procedures as if the transactions of the foreign
134
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Revenue is recognised over time to the extent of performance obligation is satisfied and control is transferred to the customer. Contract revenue is
recognised at allocable transaction price which represents the cost of work performed on the contract plus proportionate margin, using the
percentage of completion method. Escalation and other claims, which are not ascertainable/acknowledged by customers are not taken into
account. The determination of transaction price also includes adjustments made towards liquidated damages and variation, wherever applicable.
Percentage of completion is the proportion of cost of work performed to-date, to the total estimated contract costs. The Company bills to project
customers on the basis of milestones agreed contractually and the invoice is due for collection from the customer on the date of invoice. Amounts
retained by the customer in a long-term arrangement are usually intended to provide the customer with a form of security that the seller will
perform as specified under the contract, rather than to provide the customer with a significant financing benefit. Similarly, the Company collects
advances from customers towards mobilisation of projects involving initial capital outlay for better cash flow management. There is no significant
financing component and in respect of warranty obligations refer Note 2.20.
Services income:
Service income arising from maintenance contracts is recognised over a period of time as and when the related service is rendered as per the
agreed terms with customers. Service income is accrued for the value of the work completed (for which invoice is yet to be raised) in accordance
with the above revenue recognition policy and is presented as “Advance invoices for service contracts”. The invoice is due for collection from the
customer on the date of invoice. In respect of income from repairing, revenue is recognised at a point in time i.e., as and when the related services
are rendered.
Software development:
In respect of software development, revenue is recognised under cost plus method in terms of the service agreement. The revenue is recognised
over a period of time.
Shared services:
In respect of shared services, revenue is recognised as per terms of contract entered with the customer. The revenue is recognised over a period of
time.
Grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and the
Company will comply with all attached conditions.
Government grants relating to income are deferred and recognised in the profit or loss over the period necessary to match them with the costs that
they are intended to compensate and presented within other income.
The income tax expense or credit for the period is the tax payable on the current period’s taxable income based on the applicable income tax rate
adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses.
The current income tax charge is calculated on the basis of the tax laws enacted at the end of the reporting period. Management periodically
evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes
provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Deferred income tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities
and their carrying amounts in the financial statements. Deferred income tax is not accounted for if it arises from initial recognition of an asset or
liability in a transaction other than a business combination that at the time of the transaction affects neither accounting profit nor taxable profit
(tax loss). Deferred income tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the end of the reporting
period and are expected to apply when the related deferred income tax asset is realised or the deferred income tax liability is settled.
Deferred tax assets are recognised for all deductible temporary differences and unused tax losses only if it is probable that future taxable amounts
will be available to utilise those temporary differences and losses.
Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the
deferred tax balances relate to the same taxation authority. Current tax assets and tax liabilities are offset where the entity has a legally
enforceable right to offset and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Current and deferred tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or
directly in equity. In this case, the tax is also recognised in other comprehensive income or directly in equity, respectively.
2.7 Leases
As a lessee
Leases of property, plant and equipment where the Company, as lessee, has substantially all the risks and rewards of ownership are classified as
finance leases. Finance leases were capitalised at the lease’s inception at the fair value of the leased property or, if lower, the present value of the
minimum lease payments. The corresponding rental obligations, net of finance charges, were included in borrowings or other financial liabilities
as appropriate. Each lease payment is allocated between the liability and finance cost. The finance cost was charged to the profit or loss over the
lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. The property, plant and
equipment acquired under finance leases was depreciated over the asset’s useful life or over the shorter of the asset’s useful life and the lease term
if there is no reasonable certainty that the Company will obtain ownership at the end of the lease term.
Leases in which a significant portion of the risks and rewards of ownership were not transferred to the Company as lessee were classified as
operating leases. Payments made under operating leases (net of any incentives received from the lessor) were charged to profit or loss on
straight-line basis over the period of the lease unless the payments are structured to increase in line with expected general inflation to compensate
for the lessor's expected inflationary cost increases.
From April 1, 2019, leases are recognised as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for
use by the Company. Contracts may contain both lease and non-lease components. The Company allocates the consideration in the contract to the
lease and non-lease components based on their relative stand-alone prices.
Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the
following lease payments:
· fixed payments (including in-substance fixed payments), less any lease incentives receivable
· variable lease payment that are based on a index or a rate, initially measured using the index or rate as at the commencement date
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
· the exercise price of a purchase option if the Company is reasonably certain to exercise that option, and
· payments of penalties for terminating the lease, if the lease term reflects the Company exercising that option.
Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments
are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the
Company, the lessee's incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds
necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and
conditions.
· where possible, uses recent third-party financing received by the individual lessee as a starting point, adjusted to reflect changes in
financing conditions since third party financing was received
· uses a build-up approach that starts with a risk-free interest rate adjusted for credit risk for leases held by KONE India Private Limited,
which does not have recent third party financing, and
· makes adjustments specific to the lease, e.g. term, country, currency and security.
Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to
produce a constant periodic rate of interest on the remaining balance of the liability for each period.
· any lease payments made at or before the commencement date less any lease incentives received
· restoration costs.
Right-of-use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight-line basis. If the Company is
reasonably certain to exercise a purchase option, the right-of-use asset is depreciated over the underlying asset's useful life.
Payments associated with short-term leases of equipment and all leases of low-value assets are recognised on a straight-line basis as an expense in
profit or loss. Short-term leases are leases with a lease term of 12 months or less.
Intangible assets that have an indefinite useful life are not subject to amortisation and are tested annually for impairment, or more frequently if
events or changes in circumstances indicate that they might be impaired. Other assets are tested for impairment whenever events or changes in
circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset's
carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs of disposal and value in
use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash inflows
which are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). Non-financial assets that suffered
an impairment are reviewed for possible reversal of the impairment at the end of each reporting period.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, deposits held at call with
financial institutions, other short-term, highly liquid investments with original maturities of 3 months or less that are readily convertible to known
amounts of cash and which are subject to an insignificant risk of changes in value.
Trade receivables are amounts due from customers for goods sold or services performed in the ordinary course of business. Trade receivables are
recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, when they are
recognised at fair value.
The Company holds the trade receivables with the objective of collecting the contractual cash flows and therefore measures them subsequently at
amortised cost using the effective interest rate method, less loss allowance.
Provision for loss contracts is recognised in the statement of profit and loss to the extent the planned costs exceeds the planned revenue. For
contracts where the aggregate of contract cost incurred to date plus recognised profits (or minus recognised losses, as the case may be) exceeds
the progress billing, the surplus is recognised as a contract asset. For contracts where progress billing exceeds the aggregate of contract costs
incurred to-date plus recognised profits (or minus recognised losses, as the case may be), the surplus is recognised as a contract liability. Amounts
received before the related work is performed are disclosed in the balance sheet as contract liability and are termed as “Advances from
customers”. The amounts billed on customer for work performed and are unconditionally due for payment i.e. only passage of time is required
before payment falls due, are disclosed in the balance sheet as trade receivables.
2.12 Inventories
Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value. Cost of raw
materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials, direct labour
and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating capacity.
Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are assigned to
individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after deducting rebates
and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the
estimated costs necessary to make the sale.
Non-current assets are classified as held for sale if their carrying amount will be recovered principally through a sale transaction rather than
through continuing use and a sale is considered highly probable. They are measured at the lower of their carrying amount and fair value less costs
to sell.
An impairment loss is recognised for any initial or subsequent write-down of the asset to fair value less costs to sell. A gain is recognised for any
subsequent increases in fair value less costs to sell of an asset, but not in excess of any cumulative impairment loss previously recognised. A gain
or loss not previously recognised by the date of the sale of the non-current asset is recognised at the date of de-recognition.
Non-current assets are not depreciated or amortised while they are classified as held for sale.
Non-current assets classified as held for sale are presented separately from the other assets in the balance sheet.
(i) Classification
The Company classifies its financial assets in the following measurement categories:
- those to be measured subsequently at fair value (either through other comprehensive income (FVOCI) or through profit or loss (FVPL)), and
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
The classification depends on the Company’s business model for managing the financial assets and the contractual terms of the cash flows.
For assets measured at fair value, gains and losses will either be recorded in profit or loss or other comprehensive income.
(ii) Recognition
Regular way purchases and sales of financial assets are recognised on trade-date, the date on which the Company commits to purchase or sell the
financial asset.
(iii) Measurement
At initial recognition, the Company measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit
or loss, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair
value through profit or loss are expensed in profit or loss.
Debt instruments
Subsequent measurement of debt instruments depends on the Company’s business model for managing the asset and the cash flow characteristics
of the asset. There are three measurement categories into which the Company classifies its debt instruments:
Amortised cost: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and
interest are measured at amortised cost. Interest income from these financial assets is included in finance income using the effective interest rate
method. Any gain or loss arising on derecognition is recognised directly in profit or loss and presented in other income/(expenses). Impairment
losses are presented as separate line item in the statement of profit or loss.
Fair value through other comprehensive income (FVOCI): Assets that are held for collection of contractual cash flows and for selling the financial
assets, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Movements in the carrying
amount are taken through OCI, except for the recognition of impairment gains or losses, interest income and foreign exchange gains and losses
which are recognised in profit and loss. When the financial asset is derecognised, the cumulative gain or loss previously recognised in OCI is
reclassified from equity to profit or loss and recognised in other income/(expenses). Interest income from these financial assets is included in
other income using the effective interest rate method. Foreign exchange gains and losses are presented in other income/(expenses) and impairment
expenses are presented as separate line item in the statement of profit and loss.
Fair value through profit or loss (FVPL): Assets that do not meet the criteria for amortised cost or FVOCI are measured at fair value through
profit or loss. A gain or loss on a debt investment that is subsequently measured at fair value through profit or loss is recognised in profit or loss
and presented net within other income/(expenses) in the period in which it arises. Interest income from these financial assets is included in other
income.
The Company assesses on a forward looking basis the expected credit losses associated with its assets carried at amortised cost and FVOCI debt
instruments. The impairment methodology applied depends on whether there has been a significant increase in credit risk. Note 29A details how
the Company determines whether there has been a significant increase in credit risk.
For trade receivables only, the Company applies the simplified approach permitted by Ind AS 109, Financial Instruments, which requires
expected lifetime losses to be recognised from initial recognition of the receivables.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
- the Company has transferred the rights to receive cash flows from the financial asset or
- retains the contractual rights to receive the cash flows of the financial asset, but assumes a contractual obligation to pay the cash flows to one or
more recipients.
Where the Company has transferred an asset, the Company evaluates whether it has transferred substantially all risks and rewards of ownership of
the financial asset. In such cases, the financial asset is derecognised. Where the Company has not transferred substantially all risks and rewards of
ownership of the financial asset, the financial asset is not derecognised.
Where the entity has neither transferred a financial asset nor retains substantially all risks and rewards of ownership of the financial asset, the
financial asset is derecognised if the Company has not retained control of the financial asset. Where the Company retains control of the financial
asset, the asset is continued to be recognised to the extent of continuing involvement in the financial asset.
Interest income:
Interest income from financial assets at fair value through profit or loss is disclosed as interest income within other income. Interest income on
financial assets at amortised cost and financial assets at FVOCI is calculated using the effective interest rate method is recognised in the statement
of profit and loss as part of other income.
Interest income is calculated by applying the effective interest rate to the gross carrying amount of a financial asset except for financial assets that
subsequently become credit-impaired. For credit-impaired financial assets the effective interest rate is applied to the net carrying amount of the
financial asset (after deduction of the loss allowance).
The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to the
gross carrying amount of a financial asset. When calculating the effective interest rate, the Company estimates the expected cash flows by
considering all the contractual terms of the financial instrument (for example, prepayment, extension, call and similar options) but does not
consider the expected credit losses.
2.15 Derivatives
Derivatives are only used for economic hedging purposes and not as speculative investments. However, where derivatives do not meet the hedge
accounting criteria, they are classified as 'held for trading' for accounting purposes and are accounted for at FVPL. They are presented as current
assets or liabilities to the extent they are expected to be settled within 12 months after the end of the reporting period. Derivatives are initially
recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured to their fair value at the end of each
reporting period. The accounting for subsequent changes in fair value depends on whether the derivative is designated as a hedging instrument,
and if so, the nature of the item being hedged.
Financial assets and liabilities are offset and the net amount is reported in the balance sheet where there is a legally enforceable right to offset the
recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously. The legally
enforceable right must not be contingent on future events and must be enforceable in the normal course of business and in the event of default,
insolvency or bankruptcy of the Company or the counterparty.
Freehold land is carried at historical cost. All other items of property, plant and equipment are stated at historical cost less depreciation. Historical
cost includes expenditure that is directly attributable to the acquisition of the items.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future
economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of
any component accounted for as a separate asset is derecognised when replaced. All other repairs and maintenance are charged to profit or loss
during the reporting period in which they are incurred.
Gains or losses on disposals are determined by comparing proceeds with carrying amount. These are included in profit or loss within other
income/(expenses).
Depreciation is provided on a pro-rata basis on the straight-line method over the estimated useful lives of the assets, based on technical evaluation
done by management’s expert, which are lower than those specified by Schedule II to the Companies Act, 2013, in order to reflect the actual
usage of the assets. The depreciation charge for each period is recognised in the statement of profit and loss. The residual values are not more than
5% of the original cost of the asset.
The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period.
An assets’ carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated
recoverable amount.
Buildings 4 to 25 30 to 60
Electrical installations 4, 10 10
Office equipments 4 5
Vehicles 4 8
Leasehold land 20 -
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
All assets whose cost is Rs. 5 Thousands or less are fully depreciated in the year of addition.
Intangible assets are stated at acquisition cost, net of accumulated amortisation and accumulated impairment losses, if any.
(i) Goodwill
Goodwill on acquisitions of subsidiaries is included in intangible assets. Goodwill is not amortised but it is tested for impairment annually, or
more frequently if events or changes in circumstances indicate that it might be impaired, and is carried at cost less accumulated impairment
losses. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold.
Goodwill is allocated to cash-generating units for the purpose of impairment testing. The allocation is made to those cash-generating units or
groups of cash-generating units that are expected to benefit from the business combination in which the goodwill arose. The units or groups of
units are identified at the lowest level at which goodwill is monitored for internal management purposes, which in our case are the operating
segments.
The Company amortises intangible assets with a finite useful life using the straight-line method over the following periods:
Computer software 4
* Goodwill and Maintenance portfolio acquired on amalgamation is amortised on a straight-line basis over the balance useful life (as on
'Appointed Date' of amalgamation - January 1, 2011) of 3 years and 3 months.
These amounts represent liabilities for goods and services provided to the Company prior to the end of financial year which are unpaid. The
amounts are unsecured and are usually paid within the credit period agreed with the vendors. Trade and other payables are presented as current
liabilities unless payment is not due within 12 months after the reporting period. They are recognised initially at their fair value and subsequently
measured at amortised cost using the effective interest rate method.
(i) Provisions
Provisions are recognised when the Company has a present legal or constructive obligation as a result of past events, it is probable that an outflow
of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are not recognised for future operating
losses.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the
class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same
class of obligations may be small.
Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation at the end
of the reporting period. The discount rate used to determine the present value is a pre-tax rate that reflects current market assessments of the time
value of money and the risks specific to the liability. The increase in the provision due to the passage of time is recognised as interest expense.
Provisions for warranties cover the estimated liability to repair or replace products still under warranty at the balance sheet date. This provision is
calculated based on historical experience of levels of repair and replacements.
Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by
the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or a present obligation that
arises from past events where it is either not probable that an outflow of resources will be required to settle or a reliable estimate of the amount
cannot be made.
a. Short-term obligations
Liabilities for wages and salaries, including non-monetary benefits that are expected to be settled wholly within 12 months after the end of the
period in which the employees render the related service are recognised in respect of employees’ services up to the end of the reporting period and
are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit
obligations in the balance sheet.
b. Post-employment obligations
Post-employment benefits comprise of Provident fund, Superannuation fund and Gratuity which are accounted for as follows:
The Company pays provident fund contributions to publicly administered provident funds as per local regulations. The Company has no further
payment obligations once the contributions have been paid. The contributions are accounted for as defined contribution plans and the
contributions are recognised as employee benefits expense when they are due. Prepaid contributions are recognised as an asset to the extent that a
cash refund or a reduction in the future payments is available.
This is a defined contribution plan. The Company contributes a sum equivalent to 15% of eligible employees’ applicable salary towards
superannuation fund administered by the Trustees and managed by Life Insurance Corporation of India (LIC). The Company has no further
obligations for future superannuation benefits other than its annual contributions and recognises such contributions as expense in the period in
which the related employee services are rendered.
The Company’s gratuity plan is funded and is administered by Life Insurance Corporation of India (LIC). The liability or asset recognised in the
balance sheet in respect of defined benefit gratuity plan is the present value of the defined benefit obligation at the end of the reporting period less
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
the fair value of plan assets. The defined benefit obligation is calculated annually by actuary using the projected unit credit method.
The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields
at the end of the reporting period on the government bonds that have terms approximating to the terms of the related obligation.
The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan
assets. This cost is included in employee benefits expense in the statement of profit and loss.
Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are recognised in the period in which
they occur, directly in other comprehensive income. They are included in retained earnings in the statement of changes in equity and in the
balance sheet.
Changes in the present value of the defined benefit obligation resulting from plan amendments or curtailments are recognised immediately in
profit or loss as past service cost.
Compensated absences:
The liabilities for earned leave are not expected to be settled wholly within 12 months after the end of the period in which the employees render
the related service. These obligations are therefore measured as the present value of expected future payments to be made in respect of services
provided by employees up to the end of the reporting period using the projected unit credit method. The benefits are discounted using the
appropriate market yields at the end of the reporting period that have terms approximating to the terms of the related obligation. Remeasurements
as a result of experience adjustments and changes in actuarial assumptions are recognised in profit or loss.
The obligations are presented as current liabilities in the balance sheet if the Company does not have an unconditional right to defer settlement for
at least 12 months after the reporting period, regardless of when the actual settlement is expected to occur.
d. Share-based payments
Share based compensation benefits are provided to some senior management employees of the Company via the KONE OYJ, Finland long-term
incentive program. The fair value of options granted under the KONE OYJ, Finland Option Plan is recognised as an employee benefits expense
with a corresponding increase in equity. The total amount to be expensed is determined by reference to the fair value of the options granted:
· including any market performance conditions (e.g, the entity’s share price)
· excluding the impact of any service and non-market performance vesting conditions (e.g. profitability, sales growth targets and remaining
an employee of the entity over a specified time period), and
· including the impact of any non-vesting conditions (e.g. the requirement for employees to save or holding shares for a specific period of
time).
The total expense is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.
At the end of each period, the entity revises its estimates of the number of options that are expected to vest based on the non-market vesting and
service conditions. It recognises the impact of the revision to original estimates, if any, in profit or loss, with a corresponding adjustment to
equity.
2.22 Dividends
Provision is made for the amount of any dividend declared, being appropriately authorised and no longer at the discretion of the entity, on or
before the end of the reporting period but not distributed at the end of the reporting period.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
• by the weighted average number of equity shares outstanding during the financial year.
Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take into account:
• the after income tax effect of interest and other financing costs associated with dilutive potential equity shares, and
• the weighted average number of additional equity shares that would have been outstanding assuming the conversion of all dilutive potential
equity shares.
2.24 Estimates
The preparation of financial statements requires the use of accounting estimates which, by definition, will seldom equal the actual results.
Management also needs to exercise judgement in applying the Company’s accounting policies. This note provides an overview of the areas that
involved a higher degree of judgement or complexity, and of items which are more likely to be materially adjusted due to estimates and
assumptions turning out to be different than originally assessed. Detailed information about each of these estimates and judgements is included in
relevant notes together with information about the basis of calculation for each affected line item in the financial statements. The areas involving
significant estimates or judgements are:
iv. Estimation of current tax expense and current tax payable (Refer Note 27)
All amounts disclosed in the financial statements and notes have been rounded off to the nearest millions as per the requirement of Schedule III,
unless otherwise stated.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Revenue is recognised over time to the extent of performance obligation is satisfied and control is transferred to the customer. Contract revenue is
recognised at allocable transaction price which represents the cost of work performed on the contract plus proportionate margin, using the
percentage of completion method. Escalation and other claims, which are not ascertainable/acknowledged by customers are not taken into
account. The determination of transaction price also includes adjustments made towards liquidated damages and variation, wherever applicable.
Percentage of completion is the proportion of cost of work performed to-date, to the total estimated contract costs. The Company bills to project
customers on the basis of milestones agreed contractually and the invoice is due for collection from the customer on the date of invoice. Amounts
retained by the customer in a long-term arrangement are usually intended to provide the customer with a form of security that the seller will
perform as specified under the contract, rather than to provide the customer with a significant financing benefit. Similarly, the Company collects
advances from customers towards mobilisation of projects involving initial capital outlay for better cash flow management. There is no significant
financing component and in respect of warranty obligations refer Note 2.20.
Services income:
Service income arising from maintenance contracts is recognised over a period of time as and when the related service is rendered as per the
agreed terms with customers. Service income is accrued for the value of the work completed (for which invoice is yet to be raised) in accordance
with the above revenue recognition policy and is presented as “Advance invoices for service contracts”. The invoice is due for collection from the
customer on the date of invoice. In respect of income from repairing, revenue is recognised at a point in time i.e., as and when the related services
are rendered.
Software development:
In respect of software development, revenue is recognised under cost plus method in terms of the service agreement. The revenue is recognised
over a period of time.
Shared services:
In respect of shared services, revenue is recognised as per terms of contract entered with the customer. The revenue is recognised over a period of
time.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
The financial statements comply in all material aspects with Indian Accounting Standards (Ind AS) notified under Section 133 of the
Companies Act, 2013 (the ‘Act’) [Companies (Indian Accounting Standards) Rules, 2015] and other relevant provisions of the Act
The financial statements comply in all material aspects with Indian Accounting Standards (Ind AS) notified under Section 133 of the
Companies Act, 2013 (the ‘Act’) [Companies (Indian Accounting Standards) Rules, 2015] and other relevant provisions of the Act
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
KONE Elevator India Private Limited (the 'Company’) incorporated as a private limited company is a wholly owned subsidiary of KONE OYJ,
Finland and comes under the Asia-Pacific region in the KONE group structure.
The Company is engaged in the business of manufacturing, supply, installation and commissioning of new elevators; supply, installation and
commissioning of new escalators; maintenance, servicing and modernisation of existing elevators and escalators; and is also engaged in rendering
software services to the group companies.
This note provides a list of the significant accounting policies adopted in the preparation of these financial statements. These policies have been
consistently applied to all the years presented, unless otherwise stated.
The financial statements comply in all material aspects with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies
Act, 2013 (the ‘Act’) [Companies (Indian Accounting Standards) Rules, 2015] and other relevant provisions of the Act.
The financial statements have been prepared on a historical cost basis, except for the following:
• certain financial assets and liabilities (including derivative instruments) is measured at fair value;
• assets held for sale - measured at fair value less cost to sell;
• share-based payments
All assets and liabilities have been classified as current or non-current as per the Company’s normal operating cycle and other criteria set out in
the Schedule III (Division II) to the Companies Act, 2013. Based on the nature of products and the time between the acquisition of assets for
processing and their realisation in cash and cash equivalents, the Company has ascertained its operating cycle as 12 months for the purpose of
current and non-current classification of assets and liabilities.
The Company has applied the following standards and amendments for the first time in their annual reporting period commencing April 1, 2019:
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
2. Uncertainty over Income Tax Treatments - Appendix C to Ind AS 12, Income Taxes
The Company had to change its accounting policies as a result of adopting Ind AS 116. This is disclosed in Note 43. The other amendments listed
above did not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future
periods.
Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker (CODM).
The Managing Director of KONE Elevator India Private Limited assesses the financial performance and position of the Company, and makes
strategic decisions. The Managing Director has been identified as being the CODM. Refer Note 30 for segment information presented.
Items included in the financial statements are measured using the currency of the primary economic environment in which the Company operates
(‘the functional currency’). The financial statements are presented in Indian rupee (INR or Rs.), which is Company’s functional and presentation
currency.
Foreign currency transactions are translated into the functional currency using the exchange rates at the dates of the transactions. Foreign
exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities
denominated in foreign currencies at year end exchange rates are recognised in profit or loss.
Foreign exchange differences arising on foreign currency borrowings are presented in the statement of profit and loss, within finance costs. All
other foreign exchange gains and losses are presented in the statement of profit and loss on a net basis within other income/(expenses).
Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value
was determined. Translation differences on assets and liabilities carried at fair value are reported as part of the fair value gain or loss.
The financial statements of an integral foreign operation are translated using the principles and procedures as if the transactions of the foreign
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Revenue is recognised over time to the extent of performance obligation is satisfied and control is transferred to the customer. Contract revenue is
recognised at allocable transaction price which represents the cost of work performed on the contract plus proportionate margin, using the
percentage of completion method. Escalation and other claims, which are not ascertainable/acknowledged by customers are not taken into
account. The determination of transaction price also includes adjustments made towards liquidated damages and variation, wherever applicable.
Percentage of completion is the proportion of cost of work performed to-date, to the total estimated contract costs. The Company bills to project
customers on the basis of milestones agreed contractually and the invoice is due for collection from the customer on the date of invoice. Amounts
retained by the customer in a long-term arrangement are usually intended to provide the customer with a form of security that the seller will
perform as specified under the contract, rather than to provide the customer with a significant financing benefit. Similarly, the Company collects
advances from customers towards mobilisation of projects involving initial capital outlay for better cash flow management. There is no significant
financing component and in respect of warranty obligations refer Note 2.20.
Services income:
Service income arising from maintenance contracts is recognised over a period of time as and when the related service is rendered as per the
agreed terms with customers. Service income is accrued for the value of the work completed (for which invoice is yet to be raised) in accordance
with the above revenue recognition policy and is presented as “Advance invoices for service contracts”. The invoice is due for collection from the
customer on the date of invoice. In respect of income from repairing, revenue is recognised at a point in time i.e., as and when the related services
are rendered.
Software development:
In respect of software development, revenue is recognised under cost plus method in terms of the service agreement. The revenue is recognised
over a period of time.
Shared services:
In respect of shared services, revenue is recognised as per terms of contract entered with the customer. The revenue is recognised over a period of
time.
Grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and the
Company will comply with all attached conditions.
Government grants relating to income are deferred and recognised in the profit or loss over the period necessary to match them with the costs that
they are intended to compensate and presented within other income.
The income tax expense or credit for the period is the tax payable on the current period’s taxable income based on the applicable income tax rate
adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses.
The current income tax charge is calculated on the basis of the tax laws enacted at the end of the reporting period. Management periodically
evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes
provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Deferred income tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities
and their carrying amounts in the financial statements. Deferred income tax is not accounted for if it arises from initial recognition of an asset or
liability in a transaction other than a business combination that at the time of the transaction affects neither accounting profit nor taxable profit
(tax loss). Deferred income tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the end of the reporting
period and are expected to apply when the related deferred income tax asset is realised or the deferred income tax liability is settled.
Deferred tax assets are recognised for all deductible temporary differences and unused tax losses only if it is probable that future taxable amounts
will be available to utilise those temporary differences and losses.
Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the
deferred tax balances relate to the same taxation authority. Current tax assets and tax liabilities are offset where the entity has a legally
enforceable right to offset and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Current and deferred tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or
directly in equity. In this case, the tax is also recognised in other comprehensive income or directly in equity, respectively.
2.7 Leases
As a lessee
Leases of property, plant and equipment where the Company, as lessee, has substantially all the risks and rewards of ownership are classified as
finance leases. Finance leases were capitalised at the lease’s inception at the fair value of the leased property or, if lower, the present value of the
minimum lease payments. The corresponding rental obligations, net of finance charges, were included in borrowings or other financial liabilities
as appropriate. Each lease payment is allocated between the liability and finance cost. The finance cost was charged to the profit or loss over the
lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. The property, plant and
equipment acquired under finance leases was depreciated over the asset’s useful life or over the shorter of the asset’s useful life and the lease term
if there is no reasonable certainty that the Company will obtain ownership at the end of the lease term.
Leases in which a significant portion of the risks and rewards of ownership were not transferred to the Company as lessee were classified as
operating leases. Payments made under operating leases (net of any incentives received from the lessor) were charged to profit or loss on
straight-line basis over the period of the lease unless the payments are structured to increase in line with expected general inflation to compensate
for the lessor's expected inflationary cost increases.
From April 1, 2019, leases are recognised as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for
use by the Company. Contracts may contain both lease and non-lease components. The Company allocates the consideration in the contract to the
lease and non-lease components based on their relative stand-alone prices.
Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the
following lease payments:
· fixed payments (including in-substance fixed payments), less any lease incentives receivable
· variable lease payment that are based on a index or a rate, initially measured using the index or rate as at the commencement date
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
· the exercise price of a purchase option if the Company is reasonably certain to exercise that option, and
· payments of penalties for terminating the lease, if the lease term reflects the Company exercising that option.
Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments
are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the
Company, the lessee's incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds
necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and
conditions.
· where possible, uses recent third-party financing received by the individual lessee as a starting point, adjusted to reflect changes in
financing conditions since third party financing was received
· uses a build-up approach that starts with a risk-free interest rate adjusted for credit risk for leases held by KONE India Private Limited,
which does not have recent third party financing, and
· makes adjustments specific to the lease, e.g. term, country, currency and security.
Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to
produce a constant periodic rate of interest on the remaining balance of the liability for each period.
· any lease payments made at or before the commencement date less any lease incentives received
· restoration costs.
Right-of-use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight-line basis. If the Company is
reasonably certain to exercise a purchase option, the right-of-use asset is depreciated over the underlying asset's useful life.
Payments associated with short-term leases of equipment and all leases of low-value assets are recognised on a straight-line basis as an expense in
profit or loss. Short-term leases are leases with a lease term of 12 months or less.
Intangible assets that have an indefinite useful life are not subject to amortisation and are tested annually for impairment, or more frequently if
events or changes in circumstances indicate that they might be impaired. Other assets are tested for impairment whenever events or changes in
circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset's
carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs of disposal and value in
use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash inflows
which are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). Non-financial assets that suffered
an impairment are reviewed for possible reversal of the impairment at the end of each reporting period.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, deposits held at call with
financial institutions, other short-term, highly liquid investments with original maturities of 3 months or less that are readily convertible to known
amounts of cash and which are subject to an insignificant risk of changes in value.
Trade receivables are amounts due from customers for goods sold or services performed in the ordinary course of business. Trade receivables are
recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, when they are
recognised at fair value.
The Company holds the trade receivables with the objective of collecting the contractual cash flows and therefore measures them subsequently at
amortised cost using the effective interest rate method, less loss allowance.
Provision for loss contracts is recognised in the statement of profit and loss to the extent the planned costs exceeds the planned revenue. For
contracts where the aggregate of contract cost incurred to date plus recognised profits (or minus recognised losses, as the case may be) exceeds
the progress billing, the surplus is recognised as a contract asset. For contracts where progress billing exceeds the aggregate of contract costs
incurred to-date plus recognised profits (or minus recognised losses, as the case may be), the surplus is recognised as a contract liability. Amounts
received before the related work is performed are disclosed in the balance sheet as contract liability and are termed as “Advances from
customers”. The amounts billed on customer for work performed and are unconditionally due for payment i.e. only passage of time is required
before payment falls due, are disclosed in the balance sheet as trade receivables.
2.12 Inventories
Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value. Cost of raw
materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials, direct labour
and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating capacity.
Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are assigned to
individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after deducting rebates
and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the
estimated costs necessary to make the sale.
Non-current assets are classified as held for sale if their carrying amount will be recovered principally through a sale transaction rather than
through continuing use and a sale is considered highly probable. They are measured at the lower of their carrying amount and fair value less costs
to sell.
An impairment loss is recognised for any initial or subsequent write-down of the asset to fair value less costs to sell. A gain is recognised for any
subsequent increases in fair value less costs to sell of an asset, but not in excess of any cumulative impairment loss previously recognised. A gain
or loss not previously recognised by the date of the sale of the non-current asset is recognised at the date of de-recognition.
Non-current assets are not depreciated or amortised while they are classified as held for sale.
Non-current assets classified as held for sale are presented separately from the other assets in the balance sheet.
(i) Classification
The Company classifies its financial assets in the following measurement categories:
- those to be measured subsequently at fair value (either through other comprehensive income (FVOCI) or through profit or loss (FVPL)), and
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
The classification depends on the Company’s business model for managing the financial assets and the contractual terms of the cash flows.
For assets measured at fair value, gains and losses will either be recorded in profit or loss or other comprehensive income.
(ii) Recognition
Regular way purchases and sales of financial assets are recognised on trade-date, the date on which the Company commits to purchase or sell the
financial asset.
(iii) Measurement
At initial recognition, the Company measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit
or loss, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair
value through profit or loss are expensed in profit or loss.
Debt instruments
Subsequent measurement of debt instruments depends on the Company’s business model for managing the asset and the cash flow characteristics
of the asset. There are three measurement categories into which the Company classifies its debt instruments:
Amortised cost: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and
interest are measured at amortised cost. Interest income from these financial assets is included in finance income using the effective interest rate
method. Any gain or loss arising on derecognition is recognised directly in profit or loss and presented in other income/(expenses). Impairment
losses are presented as separate line item in the statement of profit or loss.
Fair value through other comprehensive income (FVOCI): Assets that are held for collection of contractual cash flows and for selling the financial
assets, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Movements in the carrying
amount are taken through OCI, except for the recognition of impairment gains or losses, interest income and foreign exchange gains and losses
which are recognised in profit and loss. When the financial asset is derecognised, the cumulative gain or loss previously recognised in OCI is
reclassified from equity to profit or loss and recognised in other income/(expenses). Interest income from these financial assets is included in
other income using the effective interest rate method. Foreign exchange gains and losses are presented in other income/(expenses) and impairment
expenses are presented as separate line item in the statement of profit and loss.
Fair value through profit or loss (FVPL): Assets that do not meet the criteria for amortised cost or FVOCI are measured at fair value through
profit or loss. A gain or loss on a debt investment that is subsequently measured at fair value through profit or loss is recognised in profit or loss
and presented net within other income/(expenses) in the period in which it arises. Interest income from these financial assets is included in other
income.
The Company assesses on a forward looking basis the expected credit losses associated with its assets carried at amortised cost and FVOCI debt
instruments. The impairment methodology applied depends on whether there has been a significant increase in credit risk. Note 29A details how
the Company determines whether there has been a significant increase in credit risk.
For trade receivables only, the Company applies the simplified approach permitted by Ind AS 109, Financial Instruments, which requires
expected lifetime losses to be recognised from initial recognition of the receivables.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
- the Company has transferred the rights to receive cash flows from the financial asset or
- retains the contractual rights to receive the cash flows of the financial asset, but assumes a contractual obligation to pay the cash flows to one or
more recipients.
Where the Company has transferred an asset, the Company evaluates whether it has transferred substantially all risks and rewards of ownership of
the financial asset. In such cases, the financial asset is derecognised. Where the Company has not transferred substantially all risks and rewards of
ownership of the financial asset, the financial asset is not derecognised.
Where the entity has neither transferred a financial asset nor retains substantially all risks and rewards of ownership of the financial asset, the
financial asset is derecognised if the Company has not retained control of the financial asset. Where the Company retains control of the financial
asset, the asset is continued to be recognised to the extent of continuing involvement in the financial asset.
Interest income:
Interest income from financial assets at fair value through profit or loss is disclosed as interest income within other income. Interest income on
financial assets at amortised cost and financial assets at FVOCI is calculated using the effective interest rate method is recognised in the statement
of profit and loss as part of other income.
Interest income is calculated by applying the effective interest rate to the gross carrying amount of a financial asset except for financial assets that
subsequently become credit-impaired. For credit-impaired financial assets the effective interest rate is applied to the net carrying amount of the
financial asset (after deduction of the loss allowance).
The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to the
gross carrying amount of a financial asset. When calculating the effective interest rate, the Company estimates the expected cash flows by
considering all the contractual terms of the financial instrument (for example, prepayment, extension, call and similar options) but does not
consider the expected credit losses.
2.15 Derivatives
Derivatives are only used for economic hedging purposes and not as speculative investments. However, where derivatives do not meet the hedge
accounting criteria, they are classified as 'held for trading' for accounting purposes and are accounted for at FVPL. They are presented as current
assets or liabilities to the extent they are expected to be settled within 12 months after the end of the reporting period. Derivatives are initially
recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured to their fair value at the end of each
reporting period. The accounting for subsequent changes in fair value depends on whether the derivative is designated as a hedging instrument,
and if so, the nature of the item being hedged.
Financial assets and liabilities are offset and the net amount is reported in the balance sheet where there is a legally enforceable right to offset the
recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously. The legally
enforceable right must not be contingent on future events and must be enforceable in the normal course of business and in the event of default,
insolvency or bankruptcy of the Company or the counterparty.
Freehold land is carried at historical cost. All other items of property, plant and equipment are stated at historical cost less depreciation. Historical
cost includes expenditure that is directly attributable to the acquisition of the items.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future
economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of
any component accounted for as a separate asset is derecognised when replaced. All other repairs and maintenance are charged to profit or loss
during the reporting period in which they are incurred.
Gains or losses on disposals are determined by comparing proceeds with carrying amount. These are included in profit or loss within other
income/(expenses).
Depreciation is provided on a pro-rata basis on the straight-line method over the estimated useful lives of the assets, based on technical evaluation
done by management’s expert, which are lower than those specified by Schedule II to the Companies Act, 2013, in order to reflect the actual
usage of the assets. The depreciation charge for each period is recognised in the statement of profit and loss. The residual values are not more than
5% of the original cost of the asset.
The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period.
An assets’ carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated
recoverable amount.
Buildings 4 to 25 30 to 60
Electrical installations 4, 10 10
Office equipments 4 5
Vehicles 4 8
Leasehold land 20 -
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
All assets whose cost is Rs. 5 Thousands or less are fully depreciated in the year of addition.
Intangible assets are stated at acquisition cost, net of accumulated amortisation and accumulated impairment losses, if any.
(i) Goodwill
Goodwill on acquisitions of subsidiaries is included in intangible assets. Goodwill is not amortised but it is tested for impairment annually, or
more frequently if events or changes in circumstances indicate that it might be impaired, and is carried at cost less accumulated impairment
losses. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold.
Goodwill is allocated to cash-generating units for the purpose of impairment testing. The allocation is made to those cash-generating units or
groups of cash-generating units that are expected to benefit from the business combination in which the goodwill arose. The units or groups of
units are identified at the lowest level at which goodwill is monitored for internal management purposes, which in our case are the operating
segments.
The Company amortises intangible assets with a finite useful life using the straight-line method over the following periods:
Computer software 4
* Goodwill and Maintenance portfolio acquired on amalgamation is amortised on a straight-line basis over the balance useful life (as on
'Appointed Date' of amalgamation - January 1, 2011) of 3 years and 3 months.
These amounts represent liabilities for goods and services provided to the Company prior to the end of financial year which are unpaid. The
amounts are unsecured and are usually paid within the credit period agreed with the vendors. Trade and other payables are presented as current
liabilities unless payment is not due within 12 months after the reporting period. They are recognised initially at their fair value and subsequently
measured at amortised cost using the effective interest rate method.
(i) Provisions
Provisions are recognised when the Company has a present legal or constructive obligation as a result of past events, it is probable that an outflow
of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are not recognised for future operating
losses.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the
class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same
class of obligations may be small.
Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation at the end
of the reporting period. The discount rate used to determine the present value is a pre-tax rate that reflects current market assessments of the time
value of money and the risks specific to the liability. The increase in the provision due to the passage of time is recognised as interest expense.
Provisions for warranties cover the estimated liability to repair or replace products still under warranty at the balance sheet date. This provision is
calculated based on historical experience of levels of repair and replacements.
Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by
the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or a present obligation that
arises from past events where it is either not probable that an outflow of resources will be required to settle or a reliable estimate of the amount
cannot be made.
a. Short-term obligations
Liabilities for wages and salaries, including non-monetary benefits that are expected to be settled wholly within 12 months after the end of the
period in which the employees render the related service are recognised in respect of employees’ services up to the end of the reporting period and
are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit
obligations in the balance sheet.
b. Post-employment obligations
Post-employment benefits comprise of Provident fund, Superannuation fund and Gratuity which are accounted for as follows:
The Company pays provident fund contributions to publicly administered provident funds as per local regulations. The Company has no further
payment obligations once the contributions have been paid. The contributions are accounted for as defined contribution plans and the
contributions are recognised as employee benefits expense when they are due. Prepaid contributions are recognised as an asset to the extent that a
cash refund or a reduction in the future payments is available.
This is a defined contribution plan. The Company contributes a sum equivalent to 15% of eligible employees’ applicable salary towards
superannuation fund administered by the Trustees and managed by Life Insurance Corporation of India (LIC). The Company has no further
obligations for future superannuation benefits other than its annual contributions and recognises such contributions as expense in the period in
which the related employee services are rendered.
The Company’s gratuity plan is funded and is administered by Life Insurance Corporation of India (LIC). The liability or asset recognised in the
balance sheet in respect of defined benefit gratuity plan is the present value of the defined benefit obligation at the end of the reporting period less
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
the fair value of plan assets. The defined benefit obligation is calculated annually by actuary using the projected unit credit method.
The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields
at the end of the reporting period on the government bonds that have terms approximating to the terms of the related obligation.
The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan
assets. This cost is included in employee benefits expense in the statement of profit and loss.
Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are recognised in the period in which
they occur, directly in other comprehensive income. They are included in retained earnings in the statement of changes in equity and in the
balance sheet.
Changes in the present value of the defined benefit obligation resulting from plan amendments or curtailments are recognised immediately in
profit or loss as past service cost.
Compensated absences:
The liabilities for earned leave are not expected to be settled wholly within 12 months after the end of the period in which the employees render
the related service. These obligations are therefore measured as the present value of expected future payments to be made in respect of services
provided by employees up to the end of the reporting period using the projected unit credit method. The benefits are discounted using the
appropriate market yields at the end of the reporting period that have terms approximating to the terms of the related obligation. Remeasurements
as a result of experience adjustments and changes in actuarial assumptions are recognised in profit or loss.
The obligations are presented as current liabilities in the balance sheet if the Company does not have an unconditional right to defer settlement for
at least 12 months after the reporting period, regardless of when the actual settlement is expected to occur.
d. Share-based payments
Share based compensation benefits are provided to some senior management employees of the Company via the KONE OYJ, Finland long-term
incentive program. The fair value of options granted under the KONE OYJ, Finland Option Plan is recognised as an employee benefits expense
with a corresponding increase in equity. The total amount to be expensed is determined by reference to the fair value of the options granted:
· including any market performance conditions (e.g, the entity’s share price)
· excluding the impact of any service and non-market performance vesting conditions (e.g. profitability, sales growth targets and remaining
an employee of the entity over a specified time period), and
· including the impact of any non-vesting conditions (e.g. the requirement for employees to save or holding shares for a specific period of
time).
The total expense is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.
At the end of each period, the entity revises its estimates of the number of options that are expected to vest based on the non-market vesting and
service conditions. It recognises the impact of the revision to original estimates, if any, in profit or loss, with a corresponding adjustment to
equity.
2.22 Dividends
Provision is made for the amount of any dividend declared, being appropriately authorised and no longer at the discretion of the entity, on or
before the end of the reporting period but not distributed at the end of the reporting period.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
• by the weighted average number of equity shares outstanding during the financial year.
Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take into account:
• the after income tax effect of interest and other financing costs associated with dilutive potential equity shares, and
• the weighted average number of additional equity shares that would have been outstanding assuming the conversion of all dilutive potential
equity shares.
2.24 Estimates
The preparation of financial statements requires the use of accounting estimates which, by definition, will seldom equal the actual results.
Management also needs to exercise judgement in applying the Company’s accounting policies. This note provides an overview of the areas that
involved a higher degree of judgement or complexity, and of items which are more likely to be materially adjusted due to estimates and
assumptions turning out to be different than originally assessed. Detailed information about each of these estimates and judgements is included in
relevant notes together with information about the basis of calculation for each affected line item in the financial statements. The areas involving
significant estimates or judgements are:
iv. Estimation of current tax expense and current tax payable (Refer Note 27)
All amounts disclosed in the financial statements and notes have been rounded off to the nearest millions as per the requirement of Schedule III,
unless otherwise stated.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Description whether change in accounting policy is made in accordance with transitional provisions of initially
applied Ind AS
Note 43 Changes in accounting policy - on account of adoption of IndAS 116 (Year ended March 31, 2020) This note explains the impact of the
adoption of Ind AS 116, Leases on the Company's financial statements. Impact on the financial statements - lessee accounting As indicated in
Note 2.1(iv) above, the Company has adopted Ind AS 116 retrospectively from April 1, 2019 in accordance with paragraph C5(b) of the standard,
but has not restated comparatives for the year ended March 31, 2019, as permitted under the specific transition provisions in the standard. The
reclassifications and the adjustments arising from the new leasing rules are therefore recognised in the opening balance sheet on April 1, 2019.
The new accounting policies are disclosed in Note 2.7. On adoption of Ind AS 116, the Company recognised lease liabilities in relation to leases
which had previously been classified as 'operating leases' under the principles of Ind AS 17, Leases. These liabilities were measured at the present
value of the remaining lease payments, discounted using the lessee's incremental borrowing rate as of April 1, 2019. The weighted average
lessee's incremental borrowing rate applied to the lease liabilities on April 1, 2019 was 8.24%. For leases previously classified as finance leases
the entity recognised the carrying amount of the lease asset and lease liability immediately before transition as the carrying amount of the
right-of-use asset and the lease liability at the date of intial application. The measurement principles of Ind AS 116 are only applied after that date.
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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
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Description of transitional provisions of initially applied Ind AS that might have effect on future periods
Note 43 Changes in accounting policy - on account of adoption of IndAS 116 (Year ended March 31, 2020) This note explains the impact of the
adoption of Ind AS 116, Leases on the Company's financial statements. Impact on the financial statements - lessee accounting As indicated in
Note 2.1(iv) above, the Company has adopted Ind AS 116 retrospectively from April 1, 2019 in accordance with paragraph C5(b) of the standard,
but has not restated comparatives for the year ended March 31, 2019, as permitted under the specific transition provisions in the standard. The
reclassifications and the adjustments arising from the new leasing rules are therefore recognised in the opening balance sheet on April 1, 2019.
The new accounting policies are disclosed in Note 2.7. On adoption of Ind AS 116, the Company recognised lease liabilities in relation to leases
which had previously been classified as 'operating leases' under the principles of Ind AS 17, Leases. These liabilities were measured at the present
value of the remaining lease payments, discounted using the lessee's incremental borrowing rate as of April 1, 2019. The weighted average
lessee's incremental borrowing rate applied to the lease liabilities on April 1, 2019 was 8.24%. For leases previously classified as finance leases
the entity recognised the carrying amount of the lease asset and lease liability immediately before transition as the carrying amount of the
right-of-use asset and the lease liability at the date of intial application. The measurement principles of Ind AS 116 are only applied after that date.
(i) Practical expedients applied In applying Ind AS 116 for the first time, the Company has used the following practical expedients permitted by
the standard: - relying on previous assessments on whether leases are onerous as an alternative to peforming an impairment review - there were no
onerous contracts as at April 1, 2019 - accounting for operating leases with a remaining lease term of less than 12 months as at April 1, 2019 as
short-term leases - excluding initial direct costs for the measurement of the right-of-use asset at the date of initial application, and - using
hindsight in determining the lease term where the contract contains options to extend or terminate the lease. The Company has also elected not to
reassess whether a contract is, or contains a lease at the date of initial application. Instead, for contracts entered into before the transition date the
Company relied on its assessment made applying Ind AS 17 and Appendix C to Ind AS 17, Determining whether an Arrangement contains a
Lease. (ii) The difference between the operating lease commitments disclosed applying Ind AS 17 at the end of the annual reporting period
immediately preceding the date of initial application, discounted using the incremental borrowing rate at the date of initial application and lease
liabilities recognised in the balance sheet at the date of initial application is because of short-term leases not recognised as a liability and
adjustments as a result of different treatment of extension and termination options. (iii) Adjustments recognised in the balance sheet on April 1,
2019 The change in accounting policy affected the following items in the balance sheet on April 1, 2019: -right-of-use assets - increase by 549
-property, plant and equipment (net) - decrease by 116 -other current assets - decrease by 4 -other non-current assets - decrease by 19 -lease
liabilities - increase by 410 The net impact on retained earnings on April 1, 2019 is Nil. (iv) Expense relating to short-term leases (included in
other expenses) is 93. (v) Extention and termination options Extension and termination options are included in the buildings leases of the
Company. These are used to maximise operational flexibility in terms of managing the assets used in the Company's operations. The extension
and termination options held are exercisable only by the Company and not by the respective lessor in some leases whereas in others it is
exercisable by the Company and the respective lessor. (vi) Disclosure of operating lease The Company has operating lease arrangements for
buildings. These lease arrangements range for a period between 11 months and 9 years, which include both cancellable and non-cancellable
leases. Most of the leases are renewable for further period on mutually agreeable terms and also include escalation clauses. March 31, 2020
March 31, 2019 With respect to all operating leases: Lease payments recognised in the statement of profit and loss during the year - 264 With
respect to all non-cancellable operating leases: Lease payments recognised in the statement of profit and loss during - 187 the year (included in
'Rent' under Note 25) With respect to non-cancellable operating leases, the future minimum lease payments are as follows: Not later than 1 year -
179 Later than 1 year and not later than 5 years - 108 Later than 5 years - -
Disclosure of additional information about property plant and equipment [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Assets held under Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
lease [Member] [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Textual information Textual information Textual information
Measurement bases, property, plant and equipment (51) [See below] (52) [See below]
NA
(53) [See below]
Depreciation method, property, plant and
straight-line method straight-line method NA straight-line method
equipment
Useful lives or depreciation rates, property, Textual information Textual information Over the period of Textual information
plant and equipment (54) [See below] (55) [See below] the lease (56) [See below]
Whether property, plant and equipment are
No No No No
stated at revalued amount
163
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of additional information about property plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Millions of INR
Property, plant and
Classes of property, plant and equipment [Axis] equipment Land [Member]
[Member]
Owned assets Assets held under
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member] lease [Member]
01/04/2018 01/04/2019 01/04/2019 01/04/2018
to to to to
31/03/2019 31/03/2020 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Textual information historical cost less historical cost less historical cost less
Measurement bases, property, plant and equipment (57) [See below] depreciation depreciation depreciation
Depreciation method, property, plant and
straight-line method straight-line method straight-line method straight-line method
equipment
Useful lives or depreciation rates, property, Textual information Over the period of
NA NA
plant and equipment (58) [See below] the lease
Whether property, plant and equipment are
No No No No
stated at revalued amount
Disclosure of additional information about property plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Millions of INR
Plant and
Classes of property, plant and equipment [Axis] Buildings [Member] equipment
[Member]
Assets held under Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
lease [Member] [Member]
01/04/2019 01/04/2019 01/04/2018 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
historical cost less historical cost less historical cost less historical cost less
Measurement bases, property, plant and equipment depreciation depreciation depreciation depreciation
Depreciation method, property, plant and
straight-line method straight-line method straight-line method straight-line method
equipment
Useful lives or depreciation rates, property, Over the period of
4 to 25 years 4 to 25 years 2 to 10 years
plant and equipment the lease
Whether property, plant and equipment are
No No No No
stated at revalued amount
164
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of additional information about property plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Millions of INR
Plant and
Classes of property, plant and equipment [Axis] equipment Furniture and fixtures [Member] Vehicles [Member]
[Member]
Owned assets Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member] [Member]
01/04/2018 01/04/2019 01/04/2018 01/04/2019
to to to to
31/03/2019 31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
historical cost less historical cost less historical cost less historical cost less
Measurement bases, property, plant and equipment depreciation depreciation depreciation depreciation
Depreciation method, property, plant and
straight-line method straight-line method straight-line method straight-line method
equipment
Useful lives or depreciation rates, property,
2 to 10 years 4 to 10 years 4 to 10 years 4 years
plant and equipment
Whether property, plant and equipment are
No No No No
stated at revalued amount
Disclosure of additional information about property plant and equipment [Table] ..(5)
Unless otherwise specified, all monetary values are in Millions of INR
Office equipment
Classes of property, plant and equipment [Axis] Vehicles [Member] Motor vehicles [Member]
[Member]
Owned assets Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member] [Member]
01/04/2018 01/04/2019 01/04/2018 01/04/2019
to to to to
31/03/2019 31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
historical cost less historical cost less historical cost less historical cost less
Measurement bases, property, plant and equipment depreciation depreciation depreciation depreciation
Depreciation method, property, plant and
straight-line method straight-line method straight-line method straight-line method
equipment
Useful lives or depreciation rates, property,
4 years 4 years 4 years 4 years
plant and equipment
Whether property, plant and equipment are
No No No No
stated at revalued amount
165
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of additional information about property plant and equipment [Table] ..(6)
Unless otherwise specified, all monetary values are in Millions of INR
Other property,
Office equipment plant and
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
[Member] equipment
[Member]
Owned assets Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member] [Member]
01/04/2018 01/04/2019 01/04/2018 01/04/2019
to to to to
31/03/2019 31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
historical cost less historical cost less historical cost less historical cost less
Measurement bases, property, plant and equipment depreciation depreciation depreciation depreciation
Depreciation method, property, plant and
straight-line method straight-line method straight-line method straight-line method
equipment
Useful lives or depreciation rates, property, Over the period of Over the period of the
4 years 4 to 10 years
plant and equipment the lease lease
Whether property, plant and equipment are
No No No No
stated at revalued amount
Disclosure of additional information about property plant and equipment [Table] ..(7)
Unless otherwise specified, all monetary values are in Millions of INR
Other property,
plant and Other property, plant and equipment,
Classes of property, plant and equipment [Axis]
equipment others [Member]
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member]
01/04/2018 01/04/2019 01/04/2018
to to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property, plant and equipment
[TextBlock]
Disclosure of additional information about property plant and
equipment [Abstract]
Disclosure of additional information about property plant and
equipment [Line items]
historical cost less historical cost less historical cost less
Measurement bases, property, plant and equipment depreciation depreciation depreciation
Depreciation method, property, plant and equipment straight-line method straight-line method straight-line method
Useful lives or depreciation rates, property, plant and equipment 4 to 10 years 4 to 10 years 4 to 10 years
Whether property, plant and equipment are stated at revalued
No No No
amount
166
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 4,695 223 (A) 4,695
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-643 -339
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-643 -339
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and -23 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, -23 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
4 2 42
equipment
Retirements, property, plant and
0 0 0
equipment
167
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
168
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 223
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
643 339
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
643 339
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 23 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 23 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
30 38 28
equipment
Retirements, property, plant and
0 0 0
equipment
169
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
170
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 869 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-190 0
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-190 0
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and -23 0
equipment
Total increase (decrease) through
transfers and other changes, property, -23 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment
171
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
172
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 869 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
190
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
190
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 23
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 23
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
173
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
174
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(5)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 3,826 223
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 -453 -339
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
0 -453 -339
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 4 2
equipment
Retirements, property, plant and
0 0 0
equipment
175
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
176
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(6)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 3,826 223
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
42 30
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
42 30
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 247 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
3,537 193
plant and equipment
Property, plant and equipment at end of
1,060 5,411 1,874 1,681
period
177
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(7)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member] Land [Member]
Assets held under
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
lease [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 162
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
453 339 -5
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
453 339 -5
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 -23
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 -23
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
38 28 0
equipment
Retirements, property, plant and
0 0 0
equipment
178
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
179
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(8)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 162 0
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
0
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment
180
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
181
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(9)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
5 0
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
5 0
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 23 0
equipment
Total increase (decrease) through
transfers and other changes, property, 23 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
28 0
plant and equipment
Property, plant and equipment at end of
0 28 0 0
period
182
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(10)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 0 0
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 0
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
0 0
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment
183
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
184
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(11)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 0
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
0 0
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment
185
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
186
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(12)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Land [Member] Buildings [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 707 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-185 0
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-185 0
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment
187
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
188
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(13)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 707 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
185
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
185
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
189
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
190
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(14)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2,170 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 -49 -9
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
0 -49 -9
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment
191
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
192
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(15)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2,170 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 106 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
2,064 0
plant and equipment
Property, plant and equipment at end of
120 2,204 140 140
period
193
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(16)
Unless otherwise specified, all monetary values are in Millions of INR
Office building
Classes of property, plant and equipment [Axis] Buildings [Member]
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2,170
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
49 9 -49
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
49 9 -49
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
194
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
195
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(17)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Office building [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 2,170 0
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-9
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
-9
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment
196
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
197
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(18)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Office building [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
49 9
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
49 9
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 30 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
19 9
plant and equipment
Property, plant and equipment at end of
140 48 29 20
period
198
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(19)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other building [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 707 0 707
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-185 0
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-185 0
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment
199
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
200
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(20)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other building [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
185 0
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
185 0
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment
201
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
202
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(21)
Unless otherwise specified, all monetary values are in Millions of INR
Other building
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
[Member]
Assets held under
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
lease [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,073 43
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-164 -116
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-164 -116
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
203
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
204
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(22)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,073 43
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
164
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
164
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
10 6 10
equipment
205
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
206
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(23)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,073 43
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
116 -164 -116
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
116 -164 -116
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
5 0 1
equipment
Retirements, property, plant and
0 0 0
equipment
207
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
208
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(24)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,073 43
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
10 6
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
10 6
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
1,063 37
plant and equipment
Property, plant and equipment at end of
380 1,725 662 625
period
209
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(25)
Unless otherwise specified, all monetary values are in Millions of INR
Furniture and
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
fixtures [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 37
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
164 116 -14
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
164 116 -14
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
10 5 1
equipment
210
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
211
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(26)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 4 37 4
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-10
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
-10
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 4 1
equipment
Retirements, property, plant and
0 0 0
equipment
212
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
213
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(27)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
14 10
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
14 10
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
3 1
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
3 1
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
11 9
plant and equipment
Property, plant and equipment at end of
61 48 37 28
period
214
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(28)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27 22 27
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-22 -19
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-22 -19
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
2 1 20
equipment
Retirements, property, plant and
0 0 0
equipment
215
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
216
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(29)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 22
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
22 19
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
22 19
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
9 18 8
equipment
Retirements, property, plant and
0 0 0
equipment
217
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
218
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(30)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Vehicles [Member] Motor vehicles [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27 22
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-22 -19
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-22 -19
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
2 1
equipment
219
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
220
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(31)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27 22
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
22
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
22
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
20 9 18
equipment
221
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
222
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(32)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Motor vehicles [Member] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 245 120
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
19 -132 -107
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
19 -132 -107
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
8 1 0
equipment
Retirements, property, plant and
0 0 0
equipment
223
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
224
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(33)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 245 120
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
8 13
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
8 13
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
237 107
plant and equipment
Property, plant and equipment at end of
214 740 503 396
period
225
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(34)
Unless otherwise specified, all monetary values are in Millions of INR
Leasehold
Classes of property, plant and equipment [Axis] Office equipment [Member] improvements
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 92
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
132 107 -61
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
132 107 -61
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
7 13 0
equipment
226
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
227
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(35)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 34 92 34
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-67
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
-67
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 1
equipment
Retirements, property, plant and
0 0 0
equipment
228
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
229
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(36)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
61 67
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
61 67
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 1
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
0 1
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
61 66
plant and equipment
Property, plant and equipment at end of
241 228 167 101
period
230
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(37)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 182 0 182
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-11 -11
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-11 -11
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment
231
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
232
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(38)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
11 11
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
11 11
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment
233
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
234
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(39)
Unless otherwise specified, all monetary values are in Millions of INR
Other property,
plant and
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
equipment
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
LEASE HOLD LAND LEASE HOLD LAND
Nature of other property plant and equipment
AND ELECTRICAL AND ELECTRICAL
others INSTALLATION INSTALLATION
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 182 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-11 -11
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-11 -11
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
235
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
236
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(40)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Gross carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
LEASE HOLD
LEASE HOLD LAND LEASE HOLD LAND
Nature of other property plant and equipment LAND AND
AND ELECTRICAL AND ELECTRICAL
others ELECTRICAL
INSTALLATION INSTALLATION
INSTALLATION
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 182 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
11
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
11
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
237
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of detailed information about property, plant and equipment [Table] ..(41)
Unless otherwise specified, all monetary values are in Millions of INR
Other property, plant and equipment, others
Classes of property, plant and equipment [Axis]
[Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated depreciation and impairment
Carrying amount accumulated depreciation and gross carrying amount [Axis]
[Member]
01/04/2018
to 31/03/2018
31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property, plant and equipment [TextBlock]
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
LEASE HOLD LAND AND
Nature of other property plant and equipment others ELECTRICAL INSTALLATION
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss 11
Depreciation recognised as part of cost of other assets 0
Total Depreciation property plant and equipment 11
Impairment loss recognised in profit or loss, property, plant and equipment 0
Reversal of impairment loss recognised in profit or loss, property, plant
0
and equipment
Impairment loss recognised in other comprehensive income, property, plant
0
and equipment
Reversal of impairment loss recognised in other comprehensive income,
0
property, plant and equipment
Increase (decrease) through transfers and other changes, property, plant
and equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0
Increase (decrease) through other changes, property, plant and equipment 0
Total increase (decrease) through transfers and other changes,
0
property, plant and equipment
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0
Retirements, property, plant and equipment 0
Total disposals and retirements, property, plant and equipment 0
Decrease through classified as held for sale, property, plant and equipment 0
Decrease through loss of control of subsidiary, property, plant and
0
equipment
Total increase (decrease) in property, plant and equipment 11
Property, plant and equipment at end of period 25 14
238
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
239
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
240
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
241
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
242
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
243
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
244
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
245
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
246
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
247
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
248
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
249
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
250
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
[611600] Notes - Non-current asset held for sale and discontinued operations
Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of non-current assets held for sale and discontinued operations
[TextBlock]
Net cash flows from (used in) operating activities, continuing
943 1,745
operations
Net cash flows from (used in) operating activities 943 1,745
Net cash flows from (used in) investing activities, continuing
-1,555 173
operations
Net cash flows from (used in) investing activities -1,555 173
Net cash flows from (used in) financing activities, continuing
-186 -1,938
operations
Net cash flows from (used in) financing activities, discontinued
0 0
operations
Net cash flows from (used in) financing activities -186 -1,938
251
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
252
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
253
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
254
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
255
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
256
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Name of shareholder [Member] Shareholder 1 [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of notes on equity share capital explanatory
[TextBlock]
Type of share EQUITY EQUITY EQUITY EQUITY
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share EQUITY EQUITY EQUITY EQUITY
Name of shareholder KONE OYJ KONE OYJ KONE OYJ KONE OYJ
Country of incorporation or residence of
FINLAND FINLAND FINLAND FINLAND
shareholder
Number of shares held in company [shares] 34.946961 [shares] 34.946961 [shares] 34.946961 [shares] 34.946961
Percentage of shareholding in company 99.99% 99.99% 99.99% 99.99%
257
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] Temporary differences [Member] differences
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of income tax [TextBlock]
Deferred tax relating to items credited (charged)
-19 -343 -19
directly to equity
Disclosure of temporary difference, unused tax
losses and unused tax credits [TextBlock]
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 740 859 740
Deferred tax liabilities 0 0 0
Net deferred tax liability (assets) -740 -859 -489 -740
Net deferred tax assets and liabilities
[Abstract]
Net deferred tax assets 740 859 740
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
138 -30 138
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
138 -30 138
recognised in profit or loss
Deferred tax relating to items
-19 -343 -19
credited (charged) directly to equity
Aggregated income tax relating to
components of other comprehensive 3
income
Total increase (decrease) in deferred
119 -370 119
tax liability (assets)
Deferred tax liability (assets) at end of
-740 -859 -489 -740
period
Textual information (67) Textual information (68) Textual information
Description of other temporary differences [See below] [See below] (69) [See below]
258
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(2)
Unless otherwise specified, all monetary values are in Millions of INR
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences [Member] Other temporary differences 1 [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of income tax [TextBlock]
Deferred tax relating to items credited (charged)
-343 -19 -343
directly to equity
Disclosure of temporary difference, unused tax
losses and unused tax credits [TextBlock]
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 859 740 859
Deferred tax liabilities 0 0 0
Net deferred tax liability (assets) -859 -489 -740 -859
Net deferred tax assets and liabilities
[Abstract]
Net deferred tax assets 859 740 859
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
-30 138 -30
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
-30 138 -30
recognised in profit or loss
Deferred tax relating to items
-343 -19 -343
credited (charged) directly to equity
Aggregated income tax relating to
components of other comprehensive 3 3
income
Total increase (decrease) in deferred
-370 119 -370
tax liability (assets)
Deferred tax liability (assets) at end of
-859 -489 -740 -859
period
Textual information (70) [See Textual information Textual information
Description of other temporary differences below] (71) [See below] (72) [See below]
Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(3)
Unless otherwise specified, all monetary values are in Millions of INR
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] differences 1
[Member]
31/03/2018
Disclosure of income tax [TextBlock]
Disclosure of temporary difference, unused tax losses and unused tax credits [TextBlock]
Disclosure of temporary difference, unused tax losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Net deferred tax liability (assets) -489
Reconciliation of changes in deferred tax liability (assets) [Abstract]
Deferred tax liability (assets) at end of period -489
259
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
260
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
[611900] Notes - Accounting for government grants and disclosure of government assistance
Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of accounting for government grants and disclosure of government
assistance [TextBlock]
Whether company has received any government grant or government assistance No No
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0
261
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
262
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
263
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
264
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
265
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
266
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
267
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
268
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
269
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
270
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
271
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
272
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
273
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Mode of valuation
2.12 Inventories Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value.
Cost of raw materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials,
direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating
capacity. Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are
assigned to individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after
deducting rebates and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of
completion and the estimated costs necessary to make the sale.
274
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Mode of valuation
2.12 Inventories Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value.
Cost of raw materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials,
direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating
capacity. Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are
assigned to individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after
deducting rebates and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of
completion and the estimated costs necessary to make the sale.
Mode of valuation
2.12 Inventories Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value.
Cost of raw materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials,
direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating
capacity. Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are
assigned to individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after
deducting rebates and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of
completion and the estimated costs necessary to make the sale.
Mode of valuation
2.12 Inventories Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value.
Cost of raw materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials,
direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating
capacity. Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are
assigned to individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after
deducting rebates and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of
completion and the estimated costs necessary to make the sale.
Mode of valuation
2.12 Inventories Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value.
Cost of raw materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials,
direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating
capacity. Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are
assigned to individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after
deducting rebates and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of
completion and the estimated costs necessary to make the sale.
Mode of valuation
2.12 Inventories Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value.
Cost of raw materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials,
direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating
capacity. Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are
assigned to individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after
deducting rebates and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of
completion and the estimated costs necessary to make the sale.
275
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Mode of valuation
2.12 Inventories Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value.
Cost of raw materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials,
direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating
capacity. Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are
assigned to individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after
deducting rebates and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of
completion and the estimated costs necessary to make the sale.
Mode of valuation
2.12 Inventories Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value.
Cost of raw materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials,
direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating
capacity. Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are
assigned to individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after
deducting rebates and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of
completion and the estimated costs necessary to make the sale.
276
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
277
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Revenue is recognised over time to the extent of performance obligation is satisfied and control is transferred to the customer. Contract revenue is
recognised at allocable transaction price which represents the cost of work performed on the contract plus proportionate margin, using the
percentage of completion method. Escalation and other claims, which are not ascertainable/acknowledged by customers are not taken into
account. The determination of transaction price also includes adjustments made towards liquidated damages and variation, wherever applicable.
Percentage of completion is the proportion of cost of work performed to-date, to the total estimated contract costs. The Company bills to project
customers on the basis of milestones agreed contractually and the invoice is due for collection from the customer on the date of invoice. Amounts
retained by the customer in a long-term arrangement are usually intended to provide the customer with a form of security that the seller will
perform as specified under the contract, rather than to provide the customer with a significant financing benefit. Similarly, the Company collects
advances from customers towards mobilisation of projects involving initial capital outlay for better cash flow management. There is no significant
financing component and in respect of warranty obligations refer Note 2.20.
Services income:
Service income arising from maintenance contracts is recognised over a period of time as and when the related service is rendered as per the
agreed terms with customers. Service income is accrued for the value of the work completed (for which invoice is yet to be raised) in accordance
with the above revenue recognition policy and is presented as “Advance invoices for service contracts”. The invoice is due for collection from the
customer on the date of invoice. In respect of income from repairing, revenue is recognised at a point in time i.e., as and when the related services
are rendered.
Software development:
In respect of software development, revenue is recognised under cost plus method in terms of the service agreement. The revenue is recognised
over a period of time.
Shared services:
In respect of shared services, revenue is recognised as per terms of contract entered with the customer. The revenue is recognised over a period of
time.
278
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Revenue is recognised over time to the extent of performance obligation is satisfied and control is transferred to the customer. Contract revenue is
recognised at allocable transaction price which represents the cost of work performed on the contract plus proportionate margin, using the
percentage of completion method. Escalation and other claims, which are not ascertainable/acknowledged by customers are not taken into
account. The determination of transaction price also includes adjustments made towards liquidated damages and variation, wherever applicable.
Percentage of completion is the proportion of cost of work performed to-date, to the total estimated contract costs. The Company bills to project
customers on the basis of milestones agreed contractually and the invoice is due for collection from the customer on the date of invoice. Amounts
retained by the customer in a long-term arrangement are usually intended to provide the customer with a form of security that the seller will
perform as specified under the contract, rather than to provide the customer with a significant financing benefit. Similarly, the Company collects
advances from customers towards mobilisation of projects involving initial capital outlay for better cash flow management. There is no significant
financing component and in respect of warranty obligations refer Note 2.20.
Services income:
Service income arising from maintenance contracts is recognised over a period of time as and when the related service is rendered as per the
agreed terms with customers. Service income is accrued for the value of the work completed (for which invoice is yet to be raised) in accordance
with the above revenue recognition policy and is presented as “Advance invoices for service contracts”. The invoice is due for collection from the
customer on the date of invoice. In respect of income from repairing, revenue is recognised at a point in time i.e., as and when the related services
are rendered.
Software development:
In respect of software development, revenue is recognised under cost plus method in terms of the service agreement. The revenue is recognised
over a period of time.
Shared services:
In respect of shared services, revenue is recognised as per terms of contract entered with the customer. The revenue is recognised over a period of
time.
279
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
280
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
281
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
282
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
283
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
284
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
285
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
286
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
287
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
288
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
289
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
290
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
291
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
a. Short-term obligations
Liabilities for wages and salaries, including non-monetary benefits that are expected to be settled wholly within 12 months after the end of the
period in which the employees render the related service are recognised in respect of employees’ services up to the end of the reporting period and
are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit
obligations in the balance sheet.
b. Post-employment obligations
Post-employment benefits comprise of Provident fund, Superannuation fund and Gratuity which are accounted for as follows:
The Company pays provident fund contributions to publicly administered provident funds as per local regulations. The Company has no further
payment obligations once the contributions have been paid. The contributions are accounted for as defined contribution plans and the
contributions are recognised as employee benefits expense when they are due. Prepaid contributions are recognised as an asset to the extent that a
cash refund or a reduction in the future payments is available.
This is a defined contribution plan. The Company contributes a sum equivalent to 15% of eligible employees’ applicable salary towards
superannuation fund administered by the Trustees and managed by Life Insurance Corporation of India (LIC). The Company has no further
obligations for future superannuation benefits other than its annual contributions and recognises such contributions as expense in the period in
which the related employee services are rendered.
The Company’s gratuity plan is funded and is administered by Life Insurance Corporation of India (LIC). The liability or asset recognised in the
balance sheet in respect of defined benefit gratuity plan is the present value of the defined benefit obligation at the end of the reporting period less
the fair value of plan assets. The defined benefit obligation is calculated annually by actuary using the projected unit credit method.
The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields
at the end of the reporting period on the government bonds that have terms approximating to the terms of the related obligation.
The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan
assets. This cost is included in employee benefits expense in the statement of profit and loss.
Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are recognised in the period in which
they occur, directly in other comprehensive income. They are included in retained earnings in the statement of changes in equity and in the
balance sheet.
Changes in the present value of the defined benefit obligation resulting from plan amendments or curtailments are recognised immediately in
profit or loss as past service cost.
292
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Compensated absences:
The liabilities for earned leave are not expected to be settled wholly within 12 months after the end of the period in which the employees render
the related service. These obligations are therefore measured as the present value of expected future payments to be made in respect of services
provided by employees up to the end of the reporting period using the projected unit credit method. The benefits are discounted using the
appropriate market yields at the end of the reporting period that have terms approximating to the terms of the related obligation. Remeasurements
as a result of experience adjustments and changes in actuarial assumptions are recognised in profit or loss.
The obligations are presented as current liabilities in the balance sheet if the Company does not have an unconditional right to defer settlement for
at least 12 months after the reporting period, regardless of when the actual settlement is expected to occur.
d. Share-based payments
Share based compensation benefits are provided to some senior management employees of the Company via the KONE OYJ, Finland long-term
incentive program. The fair value of options granted under the KONE OYJ, Finland Option Plan is recognised as an employee benefits expense
with a corresponding increase in equity. The total amount to be expensed is determined by reference to the fair value of the options granted:
· including any market performance conditions (e.g, the entity’s share price)
· excluding the impact of any service and non-market performance vesting conditions (e.g. profitability, sales growth targets and remaining
an employee of the entity over a specified time period), and
· including the impact of any non-vesting conditions (e.g. the requirement for employees to save or holding shares for a specific period of
time).
The total expense is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.
At the end of each period, the entity revises its estimates of the number of options that are expected to vest based on the non-market vesting and
service conditions. It recognises the impact of the revision to original estimates, if any, in profit or loss, with a corresponding adjustment to
equity.
293
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
[700100] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Key managerial personnels and directors [Axis] Column 1 Column 2
01/04/2019 01/04/2019
to to
31/03/2020 31/03/2020
Disclosure of key managerial personnels and directors and remuneration to key managerial
personnels and directors explanatory [TextBlock]
Disclosure of key managerial personnels and directors and remuneration to key
managerial personnels and directors [Abstract]
Disclosure of key managerial personnels and directors and remuneration to key
managerial personnels and directors [LineItems]
CHITTATOORVEERAVALLI
Name of key managerial personnel or director AMIT GOSSAIN KRISHNAKUMAR
SESHADRI
Director identification number of key managerial personnel or director 07351940 06652406
Date of birth of key managerial personnel or director 05/03/1967 21/03/1965
Designation of key managerial personnel or director Managing Director Whole Time Director
Qualification of key managerial personnel or director Graduate CWA and CS
Shares held by key managerial personnel or director [shares] 0 [shares] 0
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Salary key managerial personnel or director 26 7
Perquisites key managerial personnel or director 0 0
Profits in lieu of salary key managerial personnel or director 0 0
Gross salary to key managerial personnel or director 26 7
Sitting fees key managerial personnel or director 0 0
Stock option key managerial personnel or director 0 0
Sweat equity key managerial personnel or director 0 0
Commission as percentage of profit key managerial personnel or director 0 0
Other commission key managerial personnel or director 0 0
Other compensation key managerial personnel or director 0 0
Total key managerial personnel or director remuneration 26 7
294
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
295
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
296
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
297
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
298
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
299
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
300
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
301
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
302
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
303
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
304
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
305
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
306
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
307
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
308
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
309
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
310
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
311
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
312
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
313
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
314
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
315
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
316
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
317
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
318
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
319
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
320
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
321
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
322
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
323
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
324
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
325
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
326
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
327
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
328
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Note 36
Related
party
disclosures
Fellow subsidiaries
Year ended March 31, 2020 Year ended March 31, 2019
KONE AB KONE AB
KONE AG KONE AG
KONE Elevator (M) sdn. bhd. KONE Elevator (M) sdn. bhd.
KONE Elevators
KONE Elevators Co. Ltd.
Co. Ltd.
KONE Inc.
KONE Inc. (Canada)
(Canada)
KONE Industrial
KONE Industrial SPA
SPA
KONE (Ireland)
KONE (Ireland) Limited
Limited
329
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
KONE Elevators
KONE Assarain Llc and Escalators
Sarlau
KONE Elevators
KONE Uganda Limited
Co. Llc
KONE Uganda
KONE Export Oy
Limited
KONE Kenya
KONE Llc
Limited
KONE
KONE Hissit Oy
Deursystemen BV
KONE Elevators
KONE A/S
Cyprus Limited
KONE Aksjeselskap
KONE LTD
Kone Asansör
SIA KONE Lifti Latvija Sanayi ve Ticaret
A.S.
330
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
KONE Elevadores
KONE (Schweiz) AG
S.A.
KONE
KONE a.s.
(Schweiz) AG
KONE
KONE Sp.zo.o.
Felvonó Kft
KONE
KONE d.o.o.
Sp.zo.o.
Note 36
(Contd.)
Year
Year ended
ended
March 31,
March
2019
31, 2020
Key Key
Holding Fellow Fellow
Particulars management Holding company management
company subsidiaries subsidiaries
personnel personnel
Transactions
during the
year
Purchases of - -
1,208 -
goods 2,250
KONE - -
-
Industrial Oy 271 177
KONE
- -
Elevators Co. -
936 2,070
Ltd.
- -
Slimpa S.p.A. -
1 1
331
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
KONE - - -
Deursystemen 0 * 2
BV
Purchases of - -
28 2
capital goods 9
KONE OYJ, - - - -
2
Finland
KONE - -
-
Industrial Oy 23 5
KONE
- -
Elevators Co. -
3 2
Ltd.
KONE Inc. - - -
-
(USA) 1
- - -
Slimpa S.p.A. -
1
KONE
- - -
Deursystemen -
2
BV
- -
Sale of goods 18 -
8
KONE - -
-
Industrial Oy 18 8
Kone Asansör
- - -
Sanayi ve * -
0
Ticaret A.S.
Services
-
rendered 1,279 560 953
547
(Income)
KONE OYJ, - - -
1,279 953
Finland
KONE - -
-
Industrial Oy 287 238
KONE Inc. - -
-
(USA) 70 59
- -
KONÉ S.A. -
11 4
KONE
Elevators - -
-
South Africa 3 6
(Pty) Ltd
KONE
- -
(Ireland) -
8 10
Limited
- -
KONE Plc. -
50 55
KONE Middle - -
-
East Lcc 16 19
KONE - -
332
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Industrial SPA 2 - 2
KONE Mexico - -
-
S.A. de C.V. 10 9
KONE
- -
Industrial S.A. -
4 2
de C.V.
KONE Inc. - -
-
(Canada) 16 12
KONE - -
-
Belgium S.A. 8 6
KONE SSC - - -
-
s.r.o. 75
KONE
- -
Elevator (M) -
1 1
sdn. bhd.
- -
KONE AG * -
0 1
KONE Areeco - -
-
Ltd. 9 11
- -
KONE Llc -
6 4
KONE Kenya - -
-
Limited 3 2
KONE Export - - -
-
Oy 0
KONE
Elevators and - -
-
Escalators 1 0
Sarlau
KONE - -
* -
Assarain Llc 0 0
KONE
- -
Elevators Co. -
1 1
Llc
KONE
- -
Uganda * -
0 0
Limited
KONE
- -
Elevators Co. -
21 21
Ltd.
KONE Hissit - -
-
Oy 2 1
- -
KONE GmbH -
3 1
- -
KONE S.p.A. * -
0 0
333
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
KONE - -
* -
Bahrain S.P.C 0 0
KONE
Elevators - -
-
Cyprus 1 0
Limited
- -
KONE A/S * -
0 0
- -
KONE AB -
3 0
KONE - -
* -
Aksjeselskap 0 0
- -
KONE LTD -
1 0
Kone Asansör
- -
Sanayi ve -
1 0
Ticaret A.S.
SIA KONE - -
* -
Lifti Latvija 0 0
- -
UAB KONE * -
0 0
JSC KONE - -
* -
Lifts 0 0
- -
KONE B.V. -
12 3
- -
AS KONE * -
0 0
KONE
- -
Elevadores -
5 1
S.A.
KONE - -
* -
(Schweiz) AG 0 0
- -
KONE a.s. * -
0 0
KONE - -
-
Felvonó Kft 1 0
KONE - -
* -
Sp.zo.o. 0 0
334
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
- -
KONE d.o.o. -
1 0
KONE
- -
Industrial - * -
0 0
koncern s.r.o.
- -
Slimpa S.p.A. * -
0 0
Services - - -
1,665 2,415
received
KONE OYJ, - - -
1,665 2,415 @
Finland
Expenses -
0 * 6 7
reimbursed by 11
KONE OYJ, - - -
0 * 7
Finland
KONE - -
-
Industrial Oy 2 7
KONE
- -
Elevators Co. -
2 1
Ltd.
KONE
- -
Elevator (M) -
1 1
sdn. bhd.
KONE Pte - -
-
Ltd. 1 1
KONE - - -
-
Belgium S.A. 0
KPI Elevators - - -
-
Inc. 0
KONE SSC - - -
-
s.r.o. 1
Expenses -
2 1 1
reimbursed to 0
KONE OYJ, - - -
2 1
Finland
KONE - -
-
Industrial Oy 1 0
KONE SSC - - -
* -
s.r.o. 0
KONE Public
- - -
Company * -
0
Limited
Managerial
- - -
remuneration -
33
#
335
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Amit Gossain - - - -
26
C.V.S.Krishna - - -
-
Kumar 7
* Amount is
below the
rounding-off
norm adopted
by the
Company.
# Amount
does not
include
gratuity and
compensated
absences as
the same is
accrued at the
Company
level based
on an
actuarial
valuation.
@ Amount
includes
impact on
account of
change in
accounting
policy (Refer
Note 25).
336
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Note 36
Related
party
disclosures
Fellow subsidiaries
Year ended March 31, 2020 Year ended March 31, 2019
KONE AB KONE AB
KONE AG KONE AG
KONE Elevator (M) sdn. bhd. KONE Elevator (M) sdn. bhd.
KONE Elevators
KONE Elevators Co. Ltd.
Co. Ltd.
KONE Inc.
KONE Inc. (Canada)
(Canada)
KONE Industrial
KONE Industrial SPA
SPA
KONE (Ireland)
KONE (Ireland) Limited
Limited
337
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
KONE Elevators
KONE Assarain Llc and Escalators
Sarlau
KONE Elevators
KONE Uganda Limited
Co. Llc
KONE Uganda
KONE Export Oy
Limited
KONE Kenya
KONE Llc
Limited
KONE
KONE Hissit Oy
Deursystemen BV
KONE Elevators
KONE A/S
Cyprus Limited
KONE Aksjeselskap
KONE LTD
Kone Asansör
SIA KONE Lifti Latvija Sanayi ve Ticaret
A.S.
338
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
KONE Elevadores
KONE (Schweiz) AG
S.A.
KONE
KONE a.s.
(Schweiz) AG
KONE
KONE Sp.zo.o.
Felvonó Kft
KONE
KONE d.o.o.
Sp.zo.o.
Note 36
(Contd.)
Year
Year ended
ended
March 31,
March
2019
31, 2020
Key Key
Holding Fellow Fellow
Particulars management Holding company management
company subsidiaries subsidiaries
personnel personnel
Transactions
during the
year
Purchases of - -
1,208 -
goods 2,250
KONE - -
-
Industrial Oy 271 177
KONE
- -
Elevators Co. -
936 2,070
Ltd.
- -
Slimpa S.p.A. -
1 1
339
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
KONE - - -
Deursystemen 0 * 2
BV
Purchases of - -
28 2
capital goods 9
KONE OYJ, - - - -
2
Finland
KONE - -
-
Industrial Oy 23 5
KONE
- -
Elevators Co. -
3 2
Ltd.
KONE Inc. - - -
-
(USA) 1
- - -
Slimpa S.p.A. -
1
KONE
- - -
Deursystemen -
2
BV
- -
Sale of goods 18 -
8
KONE - -
-
Industrial Oy 18 8
Kone Asansör
- - -
Sanayi ve * -
0
Ticaret A.S.
Services
-
rendered 1,279 560 953
547
(Income)
KONE OYJ, - - -
1,279 953
Finland
KONE - -
-
Industrial Oy 287 238
KONE Inc. - -
-
(USA) 70 59
- -
KONÉ S.A. -
11 4
KONE
Elevators - -
-
South Africa 3 6
(Pty) Ltd
KONE
- -
(Ireland) -
8 10
Limited
- -
KONE Plc. -
50 55
KONE Middle - -
-
East Lcc 16 19
KONE - -
340
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Industrial SPA 2 - 2
KONE Mexico - -
-
S.A. de C.V. 10 9
KONE
- -
Industrial S.A. -
4 2
de C.V.
KONE Inc. - -
-
(Canada) 16 12
KONE - -
-
Belgium S.A. 8 6
KONE SSC - - -
-
s.r.o. 75
KONE
- -
Elevator (M) -
1 1
sdn. bhd.
- -
KONE AG * -
0 1
KONE Areeco - -
-
Ltd. 9 11
- -
KONE Llc -
6 4
KONE Kenya - -
-
Limited 3 2
KONE Export - - -
-
Oy 0
KONE
Elevators and - -
-
Escalators 1 0
Sarlau
KONE - -
* -
Assarain Llc 0 0
KONE
- -
Elevators Co. -
1 1
Llc
KONE
- -
Uganda * -
0 0
Limited
KONE
- -
Elevators Co. -
21 21
Ltd.
KONE Hissit - -
-
Oy 2 1
- -
KONE GmbH -
3 1
- -
KONE S.p.A. * -
0 0
341
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
KONE - -
* -
Bahrain S.P.C 0 0
KONE
Elevators - -
-
Cyprus 1 0
Limited
- -
KONE A/S * -
0 0
- -
KONE AB -
3 0
KONE - -
* -
Aksjeselskap 0 0
- -
KONE LTD -
1 0
Kone Asansör
- -
Sanayi ve -
1 0
Ticaret A.S.
SIA KONE - -
* -
Lifti Latvija 0 0
- -
UAB KONE * -
0 0
JSC KONE - -
* -
Lifts 0 0
- -
KONE B.V. -
12 3
- -
AS KONE * -
0 0
KONE
- -
Elevadores -
5 1
S.A.
KONE - -
* -
(Schweiz) AG 0 0
- -
KONE a.s. * -
0 0
KONE - -
-
Felvonó Kft 1 0
KONE - -
* -
Sp.zo.o. 0 0
342
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
- -
KONE d.o.o. -
1 0
KONE
- -
Industrial - * -
0 0
koncern s.r.o.
- -
Slimpa S.p.A. * -
0 0
Services - - -
1,665 2,415
received
KONE OYJ, - - -
1,665 2,415 @
Finland
Expenses -
0 * 6 7
reimbursed by 11
KONE OYJ, - - -
0 * 7
Finland
KONE - -
-
Industrial Oy 2 7
KONE
- -
Elevators Co. -
2 1
Ltd.
KONE
- -
Elevator (M) -
1 1
sdn. bhd.
KONE Pte - -
-
Ltd. 1 1
KONE - - -
-
Belgium S.A. 0
KPI Elevators - - -
-
Inc. 0
KONE SSC - - -
-
s.r.o. 1
Expenses -
2 1 1
reimbursed to 0
KONE OYJ, - - -
2 1
Finland
KONE - -
-
Industrial Oy 1 0
KONE SSC - - -
* -
s.r.o. 0
KONE Public
- - -
Company * -
0
Limited
Managerial
- - -
remuneration -
33
#
343
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Amit Gossain - - - -
26
C.V.S.Krishna - - -
-
Kumar 7
* Amount is
below the
rounding-off
norm adopted
by the
Company.
# Amount
does not
include
gratuity and
compensated
absences as
the same is
accrued at the
Company
level based
on an
actuarial
valuation.
@ Amount
includes
impact on
account of
change in
accounting
policy (Refer
Note 25).
344
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
345
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
346
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
347
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Disclosure of net profits for last three financial years [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Financial year 1 Financial year 2 Financial year 3
Net profits for last three financial years [Axis]
[Member] [Member] [Member]
01/04/2019 01/04/2019 01/04/2019
to to to
31/03/2020 31/03/2020 31/03/2020
Disclosure of corporate social responsibility explanatory [TextBlock]
Disclosure of net profits for last three financial years [Abstract]
Disclosure of net profits for last three financial years [LineItems]
Description of financial year FY 2018-2019 FY 2017-2018 2016-2017
Profit before tax of financial year 2,763 3,020 2,917
Net profit computed u/s 198 and adjusted as per rule 2(1)(f)
2,763.833357 3,020.400732 2,877.775711
of Companies (CSR Policy) Rules, 2014
348
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation (including contribution to the
Swachh Bharat Kosh set-up by the Central Government for the promotion of sanitation) and making available safe drinking water. Promoting
education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently
abled and livelihood enhancement projects. Promoting gender equality, empowering women, setting up homes and hostels for women and
orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by
socially and economically backward groups. Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal
welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water [including contribution to the Clean Ganga
Fund set-up by the Central Government for rejuvenation of river Ganga] Protection of national heritage, art and culture including restoration of
buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional art and
handicrafts; Measures for the benefit of armed forces veterans, war widows and their dependents; Training to promote rural sports, nationally
recognized sports, Paralympic sports and Olympic sports Contribution to the prime minister's national relief fund or any other fund set up by the
central govt. for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women;
Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government.
Rural development projects. Slum area development. Disaster management, including relief, rehabilitation and reconstruction activities.
Disclosure responsibility statement of CSR committee that implementation and monitoring of CSR policy is in
compliance with CSR policy of company
CORPORATE SOCIAL RESPONSIBILITY (CSR) COMMITTEE MEETINGS: The Corporate social responsibility committee met Four times
during the financial year 2019-20 on 22nd May 2019, 29th August 2019, 11th December 2019 and 20th March 2020 Attendance of Committee
Members Name of the Director Designation Number of CSR Committee Meetings Attended Mr. Klaus Thomas Cawen Director 1 Mr.Amit
Gossain Managing Director 4 Mr. CVS Krishnakumar Wholetime Director 3
349
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020
350