Page 243 - Arvind 2024

Corporate Overview Statutory Reports Financial Statements
Notes to Consolidated Financial Statements for the year ended 31st March, 2024 (Amount in Rs. Lac, unless stated otherwise)
Capital work in progress (CWIP) Ageing Schedule
At March 31, 2024
Projects in progress
Projects temporarily suspended Total
At March 31, 2023
Projects in progress
Projects temporarily suspended Total
368.04
-
368.04
242.21
-
242.21
95.68
-
95.68
866.18
-
866.18
1572.11
-
1572.11
Particulars
Amount in CWIP for a period of
More than 3 years
Total
Less than 1 year
1-2 years
2-3 years
293.15
368.04
242.21
961.86
1865.27
-
-
-
-
368.04
242.21
961.86
1865.27
-
293.15
Particulars
Amount in CWIP for a period of
Total
Less than 1 year
1-2 years
2-3 years
More than 3 years
There are no capital work in progress , whose completion is overdue or has exceeded its cost compared to its original plan during the financial year 2023-24.
3.2 Other Intangible assets
Cost (Refer note 1 below)
At April 1, 2022 54.94 69.35
Additions 20.93 74.84
Disposals - -
At March 31 2023 75.87 144.19
Additions 212.76 68.57
Disposals - (212.76)
124.29
95.77
-
220.06
281.34
(212.76)
288.64
19.25
14.43
33.68
66.67
100.35
188.29
42.19
Particulars
Software/ Trademark
Intangible Asset under Development
Total
At March 31 2024
Accumulated Amortisation
At April 1, 2022
Amortisation for the year
At March 31 2023
Amortisation for the year
At March 31 2024
Net book value At March 31 2024 At March 31 2023
288.64 -
19.25 -
14.43 -
33.68 -
66.67 -
100.35 -
188.29 -
42.19 -
Note 1 : For property plant & equipment and intangible assets existing as on 1 April 2016 i.e. the date of transition to Ind AS, the group had elected to continue Indian GAAP carrying value as deemed cost as permitted by Ind AS 101 “First Time Adoption of Indian Accounting Standard”. Accordingly, the net WDV as per Indian GAAP as on 1 April 2016 was considered as Gross block under Ind AS and the accumulated depreciation was accordingly netted off as on 1 April 2016.
Annual Report 2023-24 | 241