BASIS OF brPARATION OF FINANCIAL STATEMENT
The financial statements of Adani Wilmar Limited(the Company), its subsidiary (together "the Group"),associates and its jointly controlled entity have been brpared in accordance with the generally accepted accounting principles in India(Indian GAAP). The Company has brpared these financial statements to comply in all material respects with the accounting standards notified under Section 133 of the Companies Act, 2013 ("the Act"), read together with Rule 7 of the Companies (Accounts) Rules 2014. The financial statements have been brpared on an accrual basis and under historical cost convention.
The accounting policies adopted in the brparation of financial statements are consistent with those of brvious year.

USE OF ESTIMATES
The brparation of the financial statements in conformity with Indian GAAP requires the management to make judgement, estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent liabilities on the date of the financial statements and reported amounts of revenues and expenses for the year. Although these estimates are based on Managements best knowledge of current events and actions, uncertainty about these assumptions and estimates could result in the outcomes different from the estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Any revision to accounting estimates is recognized prospectively in the current and future periods.

CASH AND CASH EQUIVALENTS  ( FOR PURPOSE OF CASH FLOW STATEMENT)
Cash comprises cash on hand and demand deposits with banks. Cash equivalents are short-term balances(with an original maturity of three months or less from the date of acquisition), highly liquid investments that are readily convertible into known amounts of cash and which are subject to insignificant risk of changes in value.

EXPENDITURE
Expenses are net of taxes recoverable, wherever applicable.

EXCISE DUTY
Excis duty accounted on removal of goods

CENVAT CREDIT
Cenvat credit available on the material inputs is adjusted against consumption and to the extent Cenvat credit not recouped in payment of excise duty is shown as Balance with Govt. Authorities under “Short Term Loans and Advance”.

MARK TO MARKET CONTRACTS
Purchase and sale contracts pending settlement,as at the year end are marked to market at the respective year end and any probable losses are measured and recognised on a prudent basis.Net gains on such contracts are ignored.

ACCOUNTING OF CLAIMS
i)	Claims receivable are accounted at the time of lodgment depending on the certainty of receipt and claims payable are accounted at the time of acceptance.
ii)	Claims raised by Government authorities regarding taxes and duties, which are disputed by the company, are accounted based on legality of each claim. Adjustments, if any, are made in the year in which disputes are finally settled.

INSURANCE CLAIMS
Insurance claims are accounted for in the year of claim lodged with the insurance company based on the surveyor assessment. However, claims  whose   recovery cannot   be   ascertained   with reasonable certainty are accounted for on actual receipts basis.
LIQUIDATED DAMAGES
Liquidated Damages / penalties  are provided for as per the contract terms wherever there is a delayed delivery attributable to the Company.

Below mentioned revenue expenditure has been shown under Capital Work in Progress (“CWIP”) and in the case of an asset under construction, the same will be allocated / transferred to Fixed Asset
								(Rs. in Mn.)
Pariculars							AS AT 31-03-2016	AS AT 31-03-2015
(i)		Employee Expenditure					-	0.32
(ii)		Electricity Expenses					15.35	0.68
(iii)		Borrowing Cost					74.01	-
		Total Expenses					89.36	1.00
		Less:Capitalized during the year					89.36	1.00
		Balance in CWIP					-	-

i)		Value of Imports on CIF Basis
								(Rs. in Mn.)
Particulars							Year Ended 31-03-2016	Year Ended 31-03-2015
Edible Oil							93,575.68	84,481.81
Agro Products							668.27	471.76
Non Edible Oil							536.20	1,949.24
Capital Goods							963.41	180.40
Chemicals/Consumables							106.85	122.54
Sugar							9,382.00	9,394.30
Plastic Granuales							391.95	412.07
Total							1,05,624.36	97,012.13

During the year , in one of the Joint Venture company has written off Insurance Claim receivable of Rs. 76.62 Mn. on the basis of final settlement received from Insurance Company.

Pursuant to the scheme of Amalgamation, (“the scheme”) erstwhile Satya Sai Agroils Pvt. Ltd. (“SSAPL”) and Krishnapatnam Oils & Fats Pvt. Ltd. (“KOFPL”) having same line of business, were amalgamated with the Company under section 391 to 394 of the Companies Act, 1956.
The above scheme was sanctioned by the Hon’ble High Court of Gujarat vide its order dated 28-10-2015 and which was filed with the office of Registrar of Companies, Gujarat on 30-11-2015 (Effective Date). Pursuant to this Scheme, the assets and liabilities of the Transferor Companies were transferred to and vested in the Transferee Company with effect from 1st April 2015 (Appointed Date). Accordingly the Scheme has been given effect to these financial statements.
The amalgamation has been accounted for under the “Purchase Method” as brscribed by Accounting Standard (AS-14) “Accounting for Amalgamations”. The assets and liabilities of SSAPL and KOFPL as on 1st April 2015 have been incorporated in the accounts of the Company at their respective fair market value.
The net surplus of Rs 38.50 Mn. (in case of SSAPL Rs. 16.84 Mn. and in case of KOFPL Rs. 21.66 Mn.) arising out of the difference between investment and the value of identifiable assets  is treated as Amalgamation reserve of the company and treated as free reserve available for distribution as per the scheme approved by the Hon’ble Gujarat High Court. Accordingly, the accounting treatment has been given as under:
								(Rs. in Mn.)
Particular						SSAPL	KOFPL	Total
ASSETS
Non current assets
Fixed Assets						1,573.77	1,439.93	3,013.70
Long term loans and advances						28.24	26.74	54.98
Other non current assets						3.27	118.76	122.03
Total Non current assets						1,605.28	1,585.43	3,190.71
Current assets
Inventories						496.23	1,391.07	1,887.30
Trade Receivables						243.49	181.34	424.83
Cash and Bank Balances						20.97	26.89	47.86
Short term loans and advances						10.75	6.53	17.28
Other current assets						12.84	8.79	21.63
Total current assets						784.28	1,614.62	2,398.90
Total - Assets (A)						2,389.56	3,200.05	5,589.61
LIABILITIES
Non current Liabilities
Long-term borrowings						-	155.00	155.00
Deferred tax liabilities (net)						-	-	-
Long-term provisions						3.37	3.58	6.95
Total Non current Liabilities						3.37	158.58	161.95
Current liabilities
Trade payables						157.83	2,036.09	2,193.92
Other current liabilities						710.80	385.20	1,096.00
Short-term provisions						0.75	9.67	10.42
Total current Liabilities						869.38	2,430.96	3,300.34
Total - Liabilities (B)						872.75	2,589.54	3,462.29
Net Assets (C=A-B)						1,516.81	610.51	2,127.32
Cancellation of Investments (D)						-	-	-
Capital Reserve (C-D)						1,516.81	610.51	2,127.32
Increase in Authorised Share Capital						1,497.00	320.10	1,817.10
In view of above amalgamations the figures for the year ended March 31, 2016 are not strictly comparable to the brvious year.

Previous year’s figures have been regrouped/reclassified wherever necessary to correspond with the current year’s classification / disclosure.

ADANI WILMAR LIMITED
Form AOC - 1
(Pursuant to first  proviso to sub- section (3) of section 129 read with rule 5 of Companies (Accounts ) Rules, 2014)
Statement containing salient features of the financial statement of subsidiaries/associates companies/joint ventures
													(Rs in Mn.)
Part "A" Subsidiaries
Sr.	Name of the Subsidiary	Reporting Currency	Share Capital	Reserves & Surplus	Total Assets	Total Liabilities	Investments	Revenue	Profit Before Taxation	Provision for Taxation	Profit after taxation	Proposed Dividend	% of Shareholding
1	Golden Valley Agrotech Private Limited	INR	0.50	60.38	1,114.99	1,054.09	0.06	11,621.02	20.17	4.84	15.31	-	100%
	Part "B" Associates/ Joint Ventures
	Statement Pursuant to Section 129(3) of the Companies Act,2013 relating to Associate Companies and Joint Ventures
	Name of the Associates/Joint Ventures	Latest Audited Balance Sheet	Share of Associates/Joinv Ventures held by the Company on Year End			Networth attributable to the shareholding as per latest audited Balance Sheet	Profit/Loss for the Year		Desctription of How  Significant Influence	Reason why Asso./JV not consolidated
			No.	Amount of Investment in Asso./JV*	Extent of Holding		Considered in Consolidation	Not Considered in Consolidation
	Joint Ventures
	1. Vishakha Polyfab Private Limited	31.03.2015	32,93,150	84.88	50%	183.73	4.43	-		-
	2. AWN Agro Private Limited	31.03.2015	50,05,000	250.05	50%	(181.96)	(0.56)	-		-
	3. KOG KTV Food Products (India) Private Limited	31.03.2015	4,30,00,000	162.11	50%	300.34	83.01	-		-
	4. K.T.V. Health Food Private Limited	31.03.2015	1,12,525	174.92	50%	307.63	(40.70)	-		-
	Associates
	1. Gujarat Agro Infrastrucure Mega Food Park Private Limited	31.03.2015	31,20,000	31.20	27.08%	43.87	-	-	Note - A	-
	Note:
	A. There is significant influence due to percentage(%) of Share Capital.
	The above statement also indicates performance and financial position of each of the associates.
	* Contains only Investment in  Equity Share Capital

COMPANY INFORMATION
Adani Wilmar Limited (”the Company”) is a joint venture between two global corporate, Adani Group of India - the leaders in the international trading & private infrastructure, and Wilmar Group of Singapore - agri-business group and leading merchandiser and processor of edible oils.
Adani Wilmar Ltd("AWL" or "the Company")  together with its Subsidiaries, Joint Ventures and Associates (together refered to as "The Group") The group is engaged in the business of processing of oil seeds and refining of crude oil for edible and non edible use and manufacturing of film Rolls and pouches(Printed and Plain).

EMPLOYEE BENEFITS
A)	Short term Employees Benefits
	Short-term employees benefits are recognised as an expense on accrual basis.
B)	Post Employment Benefits
a)	Defined Benefit Plan
	Gratuity with respect to defined benefit schemes are accrued based on actuarial valuation carried out by an independent actuary at each balance sheet date using the Projected Unit Credit method. These contributions are covered through Group gratuity scheme with Life Insurance Corporation of India and State Bank Of India and are recognised against revenue.
	Actuarial gain and losses in respect of post employment and other long term benefits are recognised as per actuarial assumptions in the Statement of Profit and Loss in the year in which they arise.
b)	Defined Contribution Plan
		Companys contribution to Provident Fund, Superannuation Fund, Employees State Insurance Fund and labour welfare fund which are defined contribution plans determined under the relevant schemes and/or statute are charged to the Statement of Profit and Loss when incurred. There are no other obligations other than the contribution payable to the respective funds.
c)	Long Term Employee Benefits
		Long Term Employee Benefits comprise of compensated absences. These are measured based on an actuarial valuation carried out by an independent actuary at each Balance Sheet date. Actuarial Gain and Losses recognized in the Statement of Profit and Loss.
d)	For the purpose of brsentation of Defined Benefits Plans and Other Long Term Benefits, allocation between short term and Long term provisions has been made as determined by an actuary.

SEGMENT REPORTING
In accordance with Accounting Standard (AS) 17 “Segment Reporting” , the Company has determined its business segment as Agro Based Commodities and secondary segment is based on the geographical location of its customer.

Segment Reporting:
(i) Primary Segment
Based on the guiding principles given in Accounting Standards (AS) 17 on “Segment Reporting”, the Company's primary business segment is Agro based commodities which incorporates products groups viz Soyabean, Sunflower, Palmolien, Cotton Seed Oil, Groundnut oil, Castor Oil, Oil Seeds and De-oiled Cakes, Vanaspati, Grains, Pulses and Sugar which mainly have similar risks and returns.
(ii) Secondary Segment
Secondary Segments have been identified based on the geographical locations of customers: Domestic and Overseas.
(i) The distribution of sales:
								(Rs. in Mn.)
Particular			Year Ended 31-03-2016			Year Ended 31-03-2015
			Domestic	Overseas	Total	Domestic	Overseas	Total
Sales			1,73,787.15	15,935.82	1,89,722.97	1,52,646.22	19,387.92	1,72,034.15