Page 218 - Kolte Patil AR 2019-20

Notes forming part of the Consolidated Financial Statements

35. GOODWILL
Following is the movement in Goodwill:
(H in Lakhs)
As at As at
Particulars
March 31, 2020 March 31, 2019
Balance at the beginning of the year 2,074 2,074
Additions/(write off) during the year - Refer Note 33 (i) 18,057 -
Balance at the end of the year 20,131 2,074

Goodwill is tested for impairment on an annual basis and whenever there is an indication that the recoverable amount of a cash generating
unit is less than its carrying amount based on a number of factors including operating results, business plans, future cash flows and economic
conditions.

36. CONTINGENT LIABILITIES (TO THE EXTENT NOT PROVIDED FOR)
(H in Lakhs)
As at As at
Particulars
March 31, 2020 March 31, 2019
(1) Claims against the group not acknowledged as debt
(a) Claims not acknowledged as debts represent cases filed in Consumer court, Civil Court and 2,987 3,913
High Court.
(b) Claims in respect of income tax matters (pending in appeal) 836 847
(2) Guarantees issued by the Company on behalf of subsidiary * 20,000 20,000
Total 23,823 24,760
*The Company does not expect any outflow of resources in respect of the guarantees issued.

37. AUDITORS REMUNERATION (NET OF TAXES) TOWARDS
(H in Lakhs)
Year ended Year ended
Particulars
March 31, 2020 March 31, 2019
Audit fees including fees for quarterly limited reviews 109 119
Other services 16 31
Reimbursement of expenses 2 2
Total 127 152

38. EMPLOYEE BENEFITS
The details of employee benefits as required under Ind AS 19 ‘Employee Benefits’ is given below :
(A) Defined Contribution Plan:
The parent and certain of its subsidiaries contributes to provident fund and employee state insurance scheme, which are defined
contribution plans.
Amount recognized as an expense in the Statement of Profit and Loss in respect of defined contribution plans to provident fund is ` 313
Lakhs (Previous Year – ` 299 Lakhs) and employee state insurance scheme is ` 5 Lakhs (Previous Year – ` 7 Lakhs).

216 | Kolte-Patil Developers Limited