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KIFS FINANCIAL SERVICES LTD.

03 February 2023 | 12:00

Industry >> Finance & Investments

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ISIN No INE902D01013 BSE Code / NSE Code 535566 / KIFS Book Value (Rs.) 36.86 Face Value 10.00
Bookclosure 27/09/2022 52Week High 336 EPS 5.66 P/E 17.77
Market Cap. 108.83 Cr. 52Week Low 92 P/BV / Div Yield (%) 2.73 / 1.34 Market Lot 1.00
Security Type Other

NOTES TO ACCOUNTS

You can view the entire text of Notes to accounts of the company for the latest year
Year End :2018-03 

(iii) The company has issued only one class of shares referred to as equity shares having a par value of Rs. 10/-. All equity shares carry one vote per share without restriction and are entitled to dividend, as and when declared. All shares rank equally with regard to the company’s residual assets.

1. Previous year figures have been re-grouped / re-classified whenever necessary to correspond with the current year classification / disclosure.

2. Balance of receivables, payables and loans and advances parties are subject to their confirmations. These balances are therefore, subject to adjustments, if any, as may be required on settlement of these balances with the parties.

4. In the opinion of the board, current assets, loans & advances are approximately of the value stated if realized in the ordinary course of business.

5. Disclosure required for employee benefit (revised 2005) as per accounting standard - 15 of ICAI is not given as it is not applicable to the company for the year.

6. There are no dues to micro, small and medium enterprise as at March 31, 2018. This information is required to disclose under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the company.

7. Consequent to the accounting standard AS-22 effective from April 1, 2002 dealing with “accounting for taxes on income" issued by the ICAI, the significant component and classification of deferred tax assets and liabilities on account of timing differences are:

8. Segment reporting

The company is engaged in the finance activity having mainly the interest income and there are no separate reportable segments as per accounting standard - 17 “segment reporting” issued by the Institute of Chartered Accountants of India.

9. Leases

Lease payments made under cancellable operating lease amounting to Rs.60,000/- (previous year Rs.60,000/-) disclosed as rent and the same have been recognized as an expenses in the statement of profit and loss.

10. Impairment of assets

Adoption of accounting standard 28 on impairment, as mentioned in the note on accounting policies does not have any impact on either profit for the year or on the net assets of the company at the year end.

11. Contingent liability

No contingent liability existed as at the date of balance sheet.

12. Disclosure regarding depreciation

During the year, pursuant to the notification of schedule II to the Companies Act, 2013 with effect from April 1, 2014, the company revised the estimated useful life of its assets to align the useful life with those specified in schedule II.