Page 265 - Tata_Chemicals_yearly-reports-2019-20

Integrated report Statutory reportS Financial StatementS
Consolidated

2.28 Dividend shut down in compliance with the directives/
Final dividend on shares are recorded as a liability, orders issued by the local panchayat/Municipal
on the date of approval by the shareholders and Corporation/State/Central government authorities.
interim dividends are recorded as a liability on the
date of declaration by the Company’s Board of International businesses are operating under
directors. local guidelines for social distancing and high
hygiene standards. the duration of this disruption
3. Recent Indian Accounting Standard (Ind AS) is uncertain at this point in time and resumption
and Note on COVID-19 of full-fledged operations will depend upon
directives issued by the respective government
3.1 Recent accounting pronouncements which are
not yet effective authorities.
Ministry of Corporate affairs (“MCa”) notifies new as per management’s current assessment,
standard or amendments to the existing standards. no significant impact on carrying amounts of
there is no such notification which would have inventories, goodwill, intangible assets, trade
been applicable from april 1, 2020. receivables, investments and other financial assets
is expected, and management will continue to
3.2 Note on COVID-19 monitor changes in future economic conditions.
In view of the lockdown across the country due the eventual outcome of the impact of the global
to the outbreak of CoVId pandemic, operations health pandemic may be different from those
in many of the group’s locations (manufacturing, estimated as on the date of approval of these
warehouses, offices, etc.) are scaled down or Consolidated Financial Statements.

263