Page 245 - DJML Annual Report 24-25

DJ MEDIAPRINT & LOGISTICS LIMITED

Notes to the Consolidated Financial Statement March 31, 2025

cash received from sale or listing of the subsidiary performance obligation is satisfied at a point in
shares and the increase to non-controlling time or over a period of time. These judgements
intere also recognised in equity. The financia have been explained in detail under the revenue
statements of subsidiaries acquired or disposed recognition note (Refer note 23).
off during the year are included in the consolidated
statement of profit and loss from the effective
date of acquisition or up to the effective date of The Group reviews the useful life of property,
disposal, as appropriate. Intragroup balances plant and equipment at the end of each
and transactions, and any unrealised income and reporting period. This reassessment may result
expenses arising from intragroup transactions, are in change in depreciation expense in future
eliminated in preparing the consolidated financial periods (Refer note 1).
statements. Unrealised losses are eliminated
unle co canno be recovered. The financia
statements of the group are prepared with a three The accounting of employee benefit plans in
months’ time lag for consolidation into the Group the nature of defined benefit requires the Group
financia statements. to use assumptions. These assumptions have
been explained under employee benefits note
(Refer note 26).
The preparation of consolidated financial
statements in conformity with the recognition
and measurement principles of Ind AS requires Investments in associates are accounted for
management of the Group to make estimates and using the equity method. An associate is an entity
judgements that affect the reported balances of over which the Group is in a position to exercise
assets and liabilities, disclosures of contingent significa influence over operating and financia
liabilitie a a the date of consolidated financia policies. The considerations made in determining
statements and the reported amounts of income and whether significa influence being exercised
expenses for the periods presented. Estimates and are similar to those necessary to determine control
underlying assumptions are reviewed on an ongoing over the subsidiaries. Goodwill arising on the
basis. Revisions to accounting estimates are acquisition of associates is included in the carrying
recognised in the period in which the estimates are value of investments in associates.
revised and future periods are affected. The Group The Group’s investments in its associate are
uses the following critical accounting judgements, accounted for using the equity method. Under the
estimates and assumptions in preparation of its equity method, the investment in an associate is
consolidated financia statements: initially recognised at cost. The carrying amount of
the investment is adjusted to recognise changes
in the Group’s share of net assets of the associate
Revenue for fixed-price contracts is recognized since the acquisition date. Goodwill relating to the
using percentage-of-completion method. The associate is included in the carrying amount of
Group estimates the future cost-to-completion the investment and is not tested for impairment
of the contracts which is used to determine individually.
degree of completion of the performance
obligation. The Group exercises judgement The Statement of Profit and Loss reflects the
for identificatio of performance obligations, Group’s share of the results of operations of the
determination of transaction price, ascribing the associate. Any change in OCI of those investees is
transaction price to each distinct performance presented as part of the Group’s OCI. In addition,
obligation and in determining whether the when there has been a change recognised directly
in the equity of the associate, the Group recognises

242 Annual Report 2024-25