| Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory Principles of consolidation The consolidated financial statements relate to Dilip Buildcon Limited and its subsidiary companies. The Consolidated financial statements have been brpared on the following basis: a. The financial statements of the Company and its subsidiary companies are combined on a line-by-line basis by adding together the book values of like items of assets, liabilities, income and expenses, after fully eliminating intra-group balance and intra-group transactions in accordance with Accounting Standard (AS) 21 “ Consolidated Financial Statements”. b. The difference between the cost of investment in the subsidiaries, over the net assets at the time of acquisition of shares in the subsidiaries is recognized in the financial statements as Cost of Control/Goodwill. c. Minority interest’s share of net profit of consolidated subsidiary for the year is identified and adjusted against the income of the group in order to arrive at the net income attributable to shareholders of the Company. d. Minority interest’s share of net assets of consolidated subsidiary is identified and brsented in the consolidated balance sheet separate from liabilities and equity of the Company’s shareholders. e. As far as possible, the consolidated financial statements are brpared using uniform accounting policies for like transactions and other events in similar circumstances and are brsented in the same manner as the Company’s separate financial statements.Disclosure of employee benefits explanatoryPrinciples of consolidation The consolidated financial statements relate to Dilip Buildcon Limited and its subsidiary companies. The Consolidated financial statements have been brpared on the following basis: a. The financial statements of the Company and its subsidiary companies are combined on a line-by-line basis by adding together the book values of like items of assets, liabilities, income and expenses, after fully eliminating intra-group balance and intra-group transactions in accordance with Accounting Standard (AS) 21 “ Consolidated Financial Statements”. b. The difference between the cost of investment in the subsidiaries, over the net assets at the time of acquisition of shares in the subsidiaries is recognized in the financial statements as Cost of Control/Goodwill. c. Minority interest’s share of net profit of consolidated subsidiary for the year is identified and adjusted against the income of the group in order to arrive at the net income attributable to shareholders of the Company. d. Minority interest’s share of net assets of consolidated subsidiary is identified and brsented in the consolidated balance sheet separate from liabilities and equity of the Company’s shareholders. e. As far as possible, the consolidated financial statements are brpared using uniform accounting policies for like transactions and other events in similar circumstances and are brsented in the same manner as the Company’s separate financial statements.
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