Page 120 - Kolte Patil AR 2019-20
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          The Members of Kolte-Patil Developers Limited
          Report on the Audit of the Standalone Financial Statements

          OPINION                                            of our report.  We are independent of the Company in
          We have audited the accompanying standalone financial   accordance with the Code of Ethics issued by the Institute of
          statements of  Kolte-Patil Developers Limited (“the Company”),   Chartered Accountants of India (ICAI) together with the ethical
          which comprise the Balance Sheet as at 31 March 2020, and the   requirements  that  are  relevant  to  our  audit  of  the  standalone
          Statement of Profit and Loss (including Other Comprehensive   financial statements under the provisions of  the  Act  and  the
          Income), the Cash Flow Statement and the Statement of Changes   Rules made thereunder, and we have fulfilled our other ethical
          in Equity for the year then ended, and a summary of significant   responsibilities in accordance with these requirements and
          accounting policies and other explanatory information.  the ICAI’s Code of Ethics.  We believe that the audit evidence
                                                             obtained by us and the audit evidence obtained by the other
          In our opinion and to the best of our information and according   auditors in terms of their reports referred to in the Other Matter
          to the explanations given to us, and based on the consideration   section below, is sufficient and appropriate to provide a basis for
          of reports of the other auditors on separate financial statements   our audit opinion on the standalone financial statements.
          of the Partnership Firms and Limited Liability Partnership (“LLPs”)
          referred to in the Other Matter section below, the aforesaid   EMPHASIS OF MATTER
          standalone financial statements give the information required by
          the Companies Act, 2013 (“the Act”) in the manner so required   We draw attention to Note 2(D) of the standalone financial
          and give a true and fair view in conformity with the Indian   statements, which  describes  that  the potential  impact  of
          Accounting Standards prescribed under section 133 of the Act   COVID-19  pandemic  on  the  operations  and  financial  statements
          read with the Companies (Indian Accounting Standards) Rules,   of the Company is dependent on future developments, which are
          2015, as amended, (“Ind AS”) and other accounting principles   uncertain.
          generally accepted in India, of the state of affairs of the Company   Our opinion is not modified in respect of this matter.
          as at 31 March 2020, and its profit total comprehensive income,
          its cash flows and the changes in equity for the year ended on   KEY AUDIT MATTERS
          that date.                                         Key audit matters are those matters that, in our professional
                                                             judgment, were of most significance in our audit of the standalone
          BASIS FOR OPINION                                  financial statements of the current period.  These matters were
          We conducted our audit of the standalone financial statements   addressed in the context of our audit of the standalone financial
          in accordance with the Standards on Auditing specified under   statements as a whole, and in forming our opinion thereon, and
          section 143(10) of the Act (SAs). Our responsibilities under those   we do not provide a separate opinion on these matters. We have
          Standards are further described in the Auditor’s Responsibility for   determined the matters described below to be the key audit
          the Audit of the Standalone Financial Statements section   matters to be communicated in our report.

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