KONE ELEVATOR INDIA PRIVATE LIMITED

Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[700300] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
KONE ELEVATOR INDIA
Name of company PRIVATE LIMITED
Corporate identity number U29141TN1984FTC010913
Permanent account number of entity AAACK2567P
Plot no : A28, SIPCOT
Industrial
Address of registered office of company Park, Pillaipakkam,
Sriperumbudur Taluk
Commercial and
Type of industry Industrial
Name of parent entity KONE OYJ,Finland
Date of board meeting when final accounts were approved 08/09/2020
Period covered by financial statements 01-04-2019 To 31-03-2020 01-04-2018 To 31-03-2019
Date of start of reporting period 01/04/2019 01/04/2018
Date of end of reporting period 31/03/2020 31/03/2019
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Millions
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other relevant
Yes
books and papers in electronic form

Complete postal address of place of maintenance of computer ELISABETH-SELBERT-STR.1 C

servers (storing accounting data) I T Y : M U N I C H ZIP:80939
GERMANY
Name of city of place of maintenance of computer servers (storing
MUNICH
accounting data)
Name of state/ union territory of place of maintenance of
NA
computer servers (storing accounting data)
Pin code of place of maintenance of computer servers (storing
80939
accounting data)
Name of district of place of maintenance of computer servers
NA
(storing accounting data)
ISO country code of place of maintenance of computer servers
00 49
(storing accounting data)
Name of country of place of maintenance of computer servers
GERMANY
(storing accounting data)
Phone (with STD/ ISD code) of place of maintenance of computer
0452-66254047
servers (storing accounting data)
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of principal product or services [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Types of principal product or services [Axis] Column 1
01/04/2019
to
31/03/2020
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 9954
Lift and Escalator
Description of product or service category Installation Services
Turnover of product or service category 19,496
Highest turnover contributing product or service (ITC 8 digit) code 99546910
PARTS OF LIFTS,SKIP
Description of product or service HOISTS/ESCALATORS
Unit of measurement of highest contributing product or service Nos
Turnover of highest contributing product or service 11,629

[700600] Disclosures - Directors report

Particulars of holding, subsidiary and associate companies [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Particulars of companies [Axis] Column 1
01/04/2019
to
31/03/2020
Particulars of holding, subsidiary and associate companies [Abstract]
Particulars of holding, subsidiary and associate companies [LineItems]
KONE ELEVATOR
Name of company INDIA PRIVATE
LIMITED

Details of directors signing board report [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Directors signing board report [Axis] Column 1 Column 2 Column 3
01/04/2019 01/04/2019 01/04/2019
to to to
31/03/2020 31/03/2020 31/03/2020
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
KLAUS THOMAS
First name of director AMIT
CAWEN
CHITTATOORVEERAVALLI

Middle name of director KRISHNAKUMAR

Last name of director GOSSAIN SESHADRI
Designation of director Managing Director Director Whole Time Director
Director identification number of director 07351940 02417329 06652406
Date of signing board report 08/09/2020 08/09/2020 08/09/2020

2
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Material contracts/arrangements/transactions at arm's length basis
Column 1 Column 2 Column 3 Column 4
[Axis]
01/04/2019 01/04/2019 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2020 31/03/2020
Details of material
contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material
contracts/arrangements/transactions at arm's
length basis [LineItems]
KONE Elevators Co.
Name of related party KONE OYJ, Finland KONE Industrial Oy
Ltd.
Slimpa S.p.A.
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
Nature of related party relationship Holding company
company company company
Purchases of goods ,
Purchases of capital
Purchases of capital Purchases of goods ,
goods, Services
goods, Sale of goods, Purchases of capital Purchases of goods ,
rendered (Income),
Description of nature of material Services rendered goods, Services Purchases of capital
Services received,
(Income), Expenses rendered (Income), goods, Services
contracts/arrangements/transactions with Expenses reimbursed
reimbursed by and Expenses reimbursed rendered (Income,
related party by and Expenses
Expenses reimbursed by, Trade Payables Trade Payables and
reimbursed to., Trade
to, Trade Payables a n d T r a d e Trade receivables.
Payables and Trade
and T r a d e receivables.
receivables.
receivables.
Duration of material
contracts/arrangements/transactions with NA NA NA NA
related party
Amount paid as advances if any for material
contracts/arrangements/transactions with 0 0 0 0
related party

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Material contracts/arrangements/transactions at arm's length basis
Column 5 Column 6 Column 7 Column 8
[Axis]
01/04/2019 01/04/2019 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2020 31/03/2020
Details of material
contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material
contracts/arrangements/transactions at arm's
length basis [LineItems]
Kone Asansör
KONE
Name of related party KONE SSC s.r.o. KONE Belgium S.A. Sanayi ve Ticaret
Deursystemen BV
A.S.
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
Nature of related party relationship company company company company
Services rendered
Description of nature of material Services rendered Purchases of goods , Sale of goods,
(Income), Expenses
(Income), Expenses Purchases of capital Services rendered
contracts/arrangements/transactions with reimbursed by and
reimbursed by and goods and Trade (Income) and Trade
related party Expenses reimbursed
Trade receivables. payables. receivables
to.
Duration of material
contracts/arrangements/transactions with NA NA NA NA
related party
Amount paid as advances if any for material
contracts/arrangements/transactions with 0 0 0 0
related party

3
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Material contracts/arrangements/transactions at arm's length basis
Column 9 Column 10 Column 11 Column 12
[Axis]
01/04/2019 01/04/2019 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2020 31/03/2020
Details of material
contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material
contracts/arrangements/transactions at arm's
length basis [LineItems]
KONE Elevators
KONE (Ireland)
Name of related party KONE Inc. (USA) KONÉ S.A. South Africa (Pty)
Limited
Ltd
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
Nature of related party relationship company company company company
Purchases of capital
Description of nature of material goods, Services Services rendered Services rendered Services rendered
contracts/arrangements/transactions with rendered (Income) (Income) and Trade (Income) and Trade (Income) and Trade
related party and T r a d e receivables receivables receivables
receivables
Duration of material
contracts/arrangements/transactions with NA NA NA NA
related party
Amount paid as advances if any for material
contracts/arrangements/transactions with 0 0 0 0
related party

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Material contracts/arrangements/transactions at arm's length basis
Column 13 Column 14 Column 15 Column 16
[Axis]
01/04/2019 01/04/2019 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2020 31/03/2020
Details of material
contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material
contracts/arrangements/transactions at arm's
length basis [LineItems]
KONE Middle East KONE Industrial KONE Mexico S.A.
Name of related party KONE Plc.
Lcc SPA de C.V.
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
Nature of related party relationship company company company company
Description of nature of material Services rendered Services rendered Services rendered
Services rendered
contracts/arrangements/transactions with (Income) and Trade
(Income).
(Income) and Trade (Income) and Trade
related party receivables receivables receivables
Duration of material
contracts/arrangements/transactions with NA NA NA NA
related party
Amount paid as advances if any for material
contracts/arrangements/transactions with 0 0 0 0
related party

4
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Material contracts/arrangements/transactions at arm's length basis
Column 17 Column 18 Column 19 Column 20
[Axis]
01/04/2019 01/04/2019 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2020 31/03/2020
Details of material
contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material
contracts/arrangements/transactions at arm's
length basis [LineItems]
KONE Industrial KONE Elevator (M)
Name of related party S.A. de C.V.
KONE Inc. (Canada)
sdn. bhd.
KONE AG
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
Nature of related party relationship company company company company
Services rendered
Description of nature of material Services rendered (Income), Expenses Services rendered
Services rendered
contracts/arrangements/transactions with (Income).
(Income) and Trade reimbursed by Trade (Income) and Trade
related party receivables payables and Trade receivables
receivables
Duration of material
contracts/arrangements/transactions with NA NA NA NA
related party
Amount paid as advances if any for material
contracts/arrangements/transactions with 0 0 0 0
related party

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Material contracts/arrangements/transactions at arm's length basis
Column 21 Column 22 Column 23 Column 24
[Axis]
01/04/2019 01/04/2019 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2020 31/03/2020
Details of material
contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material
contracts/arrangements/transactions at arm's
length basis [LineItems]
KONE Kenya
Name of related party KONE Areeco Ltd. KONE Llc
Limited
KONE Export Oy
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
Nature of related party relationship company company company company
Description of nature of material Services rendered Services rendered Services rendered Services rendered
contracts/arrangements/transactions with (Income) and Trade (Income) and Trade (Income) and Trade (Income) and Trade
related party receivables receivables receivables receivables
Duration of material
contracts/arrangements/transactions with NA NA NA NA
related party
Amount paid as advances if any for material
contracts/arrangements/transactions with 0 0 0 0
related party

5
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(7)

Unless otherwise specified, all monetary values are in Millions of INR
Material contracts/arrangements/transactions at arm's length basis
Column 25 Column 26 Column 27 Column 28
[Axis]
01/04/2019 01/04/2019 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2020 31/03/2020
Details of material
contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material
contracts/arrangements/transactions at arm's
length basis [LineItems]
KONE Elevators and KONE Elevators Co. KONE Uganda
Name of related party Escalators Sarlau
KONE Assarain Llc
Llc Limited
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
Nature of related party relationship company company company company
Description of nature of material Services rendered
Services rendered Services rendered Services rendered
(Income), Trade
contracts/arrangements/transactions with (Income) and Trade (Income) and Trade
Payables and Trade
(Income) and Trade
related party receivables receivables receivables
receivables
Duration of material
contracts/arrangements/transactions with NA NA NA NA
related party
Amount paid as advances if any for material
contracts/arrangements/transactions with 0 0 0 0
related party

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(8)

Unless otherwise specified, all monetary values are in Millions of INR
Material contracts/arrangements/transactions at arm's length basis
Column 29 Column 30 Column 31 Column 32
[Axis]
01/04/2019 01/04/2019 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2020 31/03/2020
Details of material
contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material
contracts/arrangements/transactions at arm's
length basis [LineItems]
KONE Bahrain
Name of related party KONE Hissit Oy KONE GmbH KONE S.p.A.
S.P.C
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
Nature of related party relationship company company company company
Description of nature of material Services rendered Services rendered Services rendered Services rendered
contracts/arrangements/transactions with (Income) and Trade (Income) and Trade (Income) and Trade (Income) and Trade
related party receivables receivables receivables receivables
Duration of material
contracts/arrangements/transactions with NA NA NA NA
related party
Amount paid as advances if any for material
contracts/arrangements/transactions with 0 0 0 0
related party

6
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(9)

Unless otherwise specified, all monetary values are in Millions of INR
Material contracts/arrangements/transactions at arm's length basis
Column 33 Column 34 Column 35 Column 36
[Axis]
01/04/2019 01/04/2019 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2020 31/03/2020
Details of material
contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material
contracts/arrangements/transactions at arm's
length basis [LineItems]
KONE Elevators
Name of related party Cyprus Limited
KONE A/S KONE AB KONE Aksjeselskap
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
Nature of related party relationship company company company company
Description of nature of material Services rendered Services rendered Services rendered Services rendered
contracts/arrangements/transactions with (Income) and Trade (Income) and Trade (Income) and Trade (Income) and Trade
related party receivables receivables receivables receivables
Duration of material
contracts/arrangements/transactions with NA NA NA NA
related party
Amount paid as advances if any for material
contracts/arrangements/transactions with 0 0 0 0
related party

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(10)

Unless otherwise specified, all monetary values are in Millions of INR
Material contracts/arrangements/transactions at arm's length basis
Column 37 Column 38 Column 39 Column 40
[Axis]
01/04/2019 01/04/2019 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2020 31/03/2020
Details of material
contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material
contracts/arrangements/transactions at arm's
length basis [LineItems]
SIA KONE Lifti
Name of related party KONE LTD
Latvija
UAB KONE JSC KONE Lifts
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
Nature of related party relationship company company company company
Description of nature of material Services rendered Services rendered Services rendered Services rendered
contracts/arrangements/transactions with (Income) and Trade (Income) and Trade (Income) and Trade (Income) and Trade
related party receivables receivables receivables receivables
Duration of material
contracts/arrangements/transactions with NA NA NA NA
related party
Amount paid as advances if any for material
contracts/arrangements/transactions with 0 0 0 0
related party

7
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(11)

Unless otherwise specified, all monetary values are in Millions of INR
Material contracts/arrangements/transactions at arm's length basis
Column 41 Column 42 Column 43 Column 44
[Axis]
01/04/2019 01/04/2019 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2020 31/03/2020
Details of material
contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material
contracts/arrangements/transactions at arm's
length basis [LineItems]
KONE Elevadores KONE (Schweiz)
Name of related party KONE B.V. AS KONE
S.A. AG
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
Nature of related party relationship company company company company
Description of nature of material Services rendered Services rendered Services rendered Services rendered
contracts/arrangements/transactions with (Income) and Trade (Income) and Trade (Income) and Trade (Income) and Trade
related party receivables receivables receivables receivables
Duration of material
contracts/arrangements/transactions with NA NA NA NA
related party
Amount paid as advances if any for material
contracts/arrangements/transactions with 0 0 0 0
related party

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(12)

Unless otherwise specified, all monetary values are in Millions of INR
Material contracts/arrangements/transactions at arm's length basis
Column 45 Column 46 Column 47 Column 48
[Axis]
01/04/2019 01/04/2019 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2020 31/03/2020
Details of material
contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material
contracts/arrangements/transactions at arm's
length basis [LineItems]
Name of related party KONE a.s. KONE Felvonó Kft KONE Sp.zo.o. KONE d.o.o.
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
Nature of related party relationship company company company company
Description of nature of material Services rendered Services rendered Services rendered Services rendered
contracts/arrangements/transactions with (Income) and Trade (Income) and Trade (Income) and Trade (Income) and Trade
related party receivables receivables receivables receivables
Duration of material
contracts/arrangements/transactions with NA NA NA NA
related party
Amount paid as advances if any for material
contracts/arrangements/transactions with 0 0 0 0
related party

8
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(13)

Unless otherwise specified, all monetary values are in Millions of INR
Material contracts/arrangements/transactions at arm's length basis
Column 49 Column 50 Column 51 Column 52
[Axis]
01/04/2019 01/04/2019 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2020 31/03/2020
Details of material
contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material
contracts/arrangements/transactions at arm's
length basis [LineItems]
KONE Industrial - KONE Public
Name of related party koncern s.r.o. Company Limited
KPI Elevators Inc. KONE Pte Ltd.
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
Nature of related party relationship company company company company
Description of nature of material Services rendered
Expenses reimbursed Expenses reimbursed
(Income), Trade Expenses reimbursed
contracts/arrangements/transactions with Payables and Trade to
by and Trade by and Trade
related party receivables receivables
receivables
Duration of material
contracts/arrangements/transactions with NA NA NA NA
related party
Amount paid as advances if any for material
contracts/arrangements/transactions with 0 0 0 0
related party

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(14)

Unless otherwise specified, all monetary values are in Millions of INR
Material contracts/arrangements/transactions at arm's length basis [Axis] Column 53 Column 54
01/04/2019 01/04/2019
to to
31/03/2020 31/03/2020
Details of material contracts/arrangements/transactions at arm's length basis [Abstract]
Details of material contracts/arrangements/transactions at arm's length basis
[LineItems]
C.V.S.Krishna
Name of related party Amit Gossain
Kumar
Key managerial Key managerial
Nature of related party relationship personnel or his personnel or his
relative relative
Managerial
Description of nature of material contracts/arrangements/transactions with Managerial
remuneration and
related party remuneration
Trade Payables
Duration of material contracts/arrangements/transactions with related party NA NA
Amount paid as advances if any for material contracts/arrangements/transactions
0 0
with related party

9
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of principal business activities contributing 10% or more of total turnover of company [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Product/service Product/service 1 Product/service 2
Principal business activities of company [Axis]
[Member] [Member] [Member]
01/04/2019 01/04/2019 01/04/2019
to to to
31/03/2020 31/03/2020 31/03/2020
Textual information
Disclosure in board of directors report explanatory [TextBlock] (1) [See below]
Disclosure of extract of annual return as provided under section 92(3) Textual information
[TextBlock] (2) [See below]
Details of principal business activities contributing 10% or more
of total turnover of company [Abstract]
Details of principal business activities contributing 10% or
more of total turnover of company [LineItems]
Manufacture,
erection, commi s s
ioning and
Manufacture, e r e c t
installation of lifts, Maintenance and
ion, commissioning
escalators and repair service of
Name of main product/service moving walkways
and installation of
elevators and
lifts, escalators and
Maintenance and r e escalators
moving walkways
pairserviceof
elevators and
escalators
Manufacture,
erection, commi s s
ioning and
Manufacture, e r e c t Maintenance and
installation of lifts,
ion, commissioning repair service of
escalators and
Description of main product/service moving walkways
and installation of elevators and
lifts, escalators and escalators., Scrap
Maintenance and r e
moving walkways. sales.
pairserviceof
elevators and
escalators
4354001 to 4354003 44354001 to
NIC code of product/service and 99871570. 4354003
99871570

Percentage to total turnover of company 89.86% 59.65% 30.21%

10
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2019
to
31/03/2020
Textual information (3)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Textual information (4)
Description of state of companies affair [See below]
The Company has
Disclosure relating to amounts if any which is proposed to carry to any
not transferred any
reserves amount to reserves
Textual information (5)
Disclosures relating to amount recommended to be paid as dividend [See below]
Textual information (6)
Details regarding energy conservation [See below]
Textual information (7)
Steps taken or impact on conservation of energy [Text block] [See below]
Steps taken by the company for utilising alternate sources of energy Textual information (8)
[Text block] [See below]
Textual information (9)
Details regarding technology absorption [See below]
Textual information (10)
Efforts made towards technology absorption [Text block] [See below]
The benefits derived
like product
improvement, cost
reduction,
product development or
Benefits derived regarding technology absorption import substitution
Manufacture of products
meeting the local requi
rements, improvement
in process.
Textual information (11)
Details regarding foreign exchange earnings and outgo [See below]
Textual information (12)
Disclosures in director’s responsibility statement [See below]
Details of material changes and commitment occurred during period Textual information (13)
affecting financial position of company [See below]
Textual information (14)
Particulars of loans guarantee investment under section 186 [TextBlock] [See below]
Particulars of contracts/arrangements with related parties under section Textual information (15)
188(1) [TextBlock] [See below]
Details of contracts/arrangements/transactions not at arm's length
basis [Abstract]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Details of contracts/arrangements/transactions not at arm's length
basis [LineItems]
Name of related party
Nature of related party relationship
Details of material contracts/arrangements/transactions at arm's
length basis [Abstract]
Whether there are material contracts/arrangements/transactions at
Yes
arm's length basis
Details of material contracts/arrangements/transactions at arm's
length basis [LineItems]
Name of related party
Nature of related party relationship
Description of nature of material
contracts/arrangements/transactions with related party
Duration of material contracts/arrangements/transactions with
related party
Amount paid as advances if any for material
contracts/arrangements/transactions with related party
Date of board of directors' meeting in which board's report referred
08/09/2020
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3) Textual information (16)
[TextBlock] [See below]
Details of principal business activities contributing 10% or more
of total turnover of company [Abstract]
Details of principal business activities contributing 10% or
more of total turnover of company [LineItems]

11
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Manufacture,
erection, commi s s
ioning and installation
of lifts, escalators and
Name of main product/service moving walkways
Maintenance and r e p a i
r s e r v i c e o f elevators
and escalators
Manufacture,
erection, commi s s
ioning and installation
of lifts, escalators and
Description of main product/service moving walkways
Maintenance and r e p a i
r s e r v i c e o f elevators
and escalators
4354001 to 4354003 and
NIC code of product/service 99871570.
Percentage to total turnover of company 89.86%
Particulars of holding, subsidiary and associate companies [Abstract]
Particulars of holding, subsidiary and associate companies
[LineItems]
KONE ELEVATOR INDIA
Name of company PRIVATE LIMITED
Details of shareholding pattern of top 10 shareholders [Abstract]
Details of shareholding pattern of top 10 shareholders [LineItems]
Name of shareholder

DECLARATION
OF INDEPENDENT
DIRECTORS:

Disclosure of statement on declaration given by independent directors

T h e
under section 149(6) [TextBlock] provisions of Section 149
relating to appointment
of Independent Directors
do not apply to the
Company.

T h e
provisions of Section 149
relating to appointment
Reappointment of independent directors as per section 149(10) [TextBlock] of Independent Directors
do not apply to the
Company.

Disclosure for companies covered under section 178(1) on

Textual information (17)
directors appointment and remuneration including other matters [See below]
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk Textual information (18)
management policy [TextBlock] [See below]
Details on policy development and implementation by company on
Textual information (19)
corporate social responsibility initiatives taken during year [See below]
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Textual information (20)
Disclosure of financial summary or highlights [TextBlock] [See below]

T h e r e
is no change in the nature
Disclosure of change in nature of business [TextBlock] of business during the
year under
review.

T h e r e
is no change in the
Details of directors or key managerial personnels who were
composition of the Board
appointed or have resigned during year [TextBlock] during the financial year
2019-20.

Disclosure of companies which have become or ceased to be its

subsidiaries, joint ventures or associate companies during NA
year [TextBlock]
Details relating to deposits covered under chapter v of companies act Textual information (21)
[TextBlock] [See below]

12
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of deposits which are not in compliance with requirements

NA
of chapter v of act [TextBlock]
Details of significant and material orders passed by
Textual information (22)
regulators or courts or tribunals impacting going concern [See below]
status and company’s operations in future [TextBlock]
Details regarding adequacy of internal financial controls with Textual information (23)
reference to financial statements [TextBlock] [See below]
Disclosure of contents of corporate social responsibility policy Textual information (24)
[TextBlock] [See below]
Disclosure of reasons if company fails to spend prescribed amount on CSR Others
Disclosure of other reasons if company fails to spend prescribed amount Textual information (25)
on CSR [See below]
Disclosure of appointment and remuneration of director or
NA
managerial personnel if any, in the financial year [TextBlock]
Details of remuneration of director or managerial personnel [Abstract]
Details of remuneration of director or managerial personnel [Line
items]
Director identification number of director
Number of meetings of board [pure] 4
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director
Middle name of director
Last name of director
Designation of director
Director identification number of director
Date of signing board report

13
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

DIRECTORS’ REPORT

DIRECTORS’ REPORT

REPORT

Your Directors are pleased to present the 35th Annual Report along with the Audited Accounts for the period ended 31st March 2020.

1.FINANCIAL RESULTS (Rs. In Million)

Apr Apr
2019 2018

PARTICULARS to to

Mar Mar
2020 2019

Total revenue (Gross) 19,671 20,310

Profit before depreciation and interest 3,756 3,116

Less: Depreciation and amortization 648 345

Less: Interest 41 8

Profit before Tax 3,067 2,763

14
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Less: Provision for Tax including Deferred Tax Asset 1,000 1,003

Profit after Tax 2,067 1,760

Add: Brought Forward Profit from Previous Year & Other adjustments 2,629 2,125

Add: Change in Accounting policy

in FY 2018-19 1,041

Less: Tax impact due to change in 0 678

Accounting Policy 363

Add: Other Comprehensive Income arising from re-measurements of post-employment benefit obligations
(58) 4
& Income tax thereon

Profit / (Loss) for Appropriation 4,638 4,567

Appropriations:

a) General Reserve 0 0

b) Dividend on equity shares 0 1,608

FY 2018-19 -Rs. 1,608 towards Final Dividend for 2017-18

c) Tax on dividend
0 330

Balance Carried to Balance Sheet 4,638 2,629

15
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

2. OPERATIVE RESULTS

The Directors are pleased to present once again very encouraging figures for the period 01st April 2019 to 31st March 2020. The profit before
tax was at Rs. 3,067 Millions.

Your Directors are pleased to inform that during the year the state-of-the-art factory set up in PLOT NO A28, SIPCOT- PILLAPAKKAM
INDUSTRIAL PARK, KANCHIPURAM DISTRICT, SRIPERUMBADUR TALUK, VENGADU VILLAGE, PIN-602105 to cater to the present
and future demands of the company was inaugurated. Also the plaque was unveiled by Mr.Banwarilal Purohit Honourable Governor of
Tamilnadu in the presence of. H.E. Mr.Pekka Haavisto Honourable Minister for Foreign Affairs of Finland Mr. M.C.Sampath Honourable
Minister of Industrial Department, Government of Tamilnadu, Mr.Antti Herlin Chariman KONE Corporation, Mr.Henrik Ehrnrooth, President &
CEO, Mr.Axel Berkling , EVP APA from KONE Corporation and Mr.Amit Gossain Managing Director . The manufacturing operations were
smoothly shifted from the existing factory at Vanagaram to the new factory. The registered office was also shifted from the old factory to the new
factory address referred above.

The company adopted Ind AS 116 by which the Company recognised lease liabilities in relation to leases which had previously been classified as
'operating leases' under the principles of Ind AS 17, Leases. These liabilities were measured at the present value of the remaining lease payments,
discounted using the lessee's incremental borrowing rate as of April 1, 2019. The details have been furnished in the notes to the financial
statements for the year ended 31st March 2020.

Impact of Covid-19 pandemic

The spread of Covid-19 have severely affected the businesses around the globe. In many countries including India, there has been severe
disruption to regular operations due to lock-downs, disruptions in transportations, supply chain, travel bans, quarantines, social distancing and
other emergency measures.

In spite of the difficult environment, the operations of the company were carried out remotely with all possible controls and ensured field
operations by the employees with all personal protection equipment’s (PPEs) in order to meet the emergency needs of the customers.

16
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

The Company has made detailed assessment of its liquidity position for the next few months and of the recoverability and carrying values of its
assets comprising property, plant and equipment, intangible assets, trade receivables, contract assets and inventories as at the balance sheet date,
and has concluded that there are no material adjustments required to be made in the financial statements.

Management has taken into account all the possible impact of known events arising from Covid-19 pandemic in the preparation of the financial
statements. However, the impact assessment of Covid-19 is a continuing process given the uncertainties associated with its nature and duration.
The Company will continue to monitor any material changes to future economic conditions.

3. CHANGE IN THE NATURE OF BUSINESS:

There is no change in the nature of business during the year under review.

4. TRANSFER TO RESERVES

The Company has not transferred any amount to reserves.

5. DIVIDEND

The Board of Directors of your company, after considering holistically the relevant circumstances and keeping in view the company’s
requirement has decided that it would be prudent not to recommend any dividend for the financial year 2019-20.

6. DIRECTORS & MEETINGS

The Board of Directors of the Company met 4 (Four) times during the financial year 2019-2020 on the following dates:

17
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

22nd May 2019, 29th August 2019, 11th December 2019 and 20th March 2020

During the year, four Board meetings were duly convened and held and the intervening gap between any two meetings was within the period
prescribed under the Companies Act 2013. Mr. Amit Gossain attended all meetings. Mr. Klaus Thomas Cawen attended one meeting, and Mr.
CVS Krishnakumar attended Three meetings.

Attendance of Directors

Name of the Director Designation Number of Board Meetings Attended

Mr. Klaus Thomas Cawen Director 1

Mr.Amit Gossain Managing Director 4

Mr. CVS Krishnakumar Wholetime Director 3

There is no change in the composition of the Board during the financial year 2019-20

CORPORATE SOCIAL RESPONSIBILITY (CSR) COMMITTEE MEETINGS:

The Corporate social responsibility committee met Four times during the financial year 2019-20 on 22nd May 2019, 29th August 2019, 11th
December 2019 and 20th March 2020

18
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Attendance of Committee Members

Name of the Director Designation Number of CSR Committee Meetings Attended

Mr. Klaus Thomas Cawen Director 1

Mr.Amit Gossain Managing Director 4

Mr. CVS Krishnakumar Wholetime Director 3

Annual report on CSR activities is enclosed as Annexure C

7. DECLARATION OF INDEPENDENT DIRECTORS:

The provisions of Section 149 relating to appointment of Independent Directors do not apply to the Company.

8. DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION (12) OF S ECTION 143OTHER THAN
THOSE WHICH ARE REPORTABLE TO THE CENTRAL GOVERNMENT:-

There are no such instances reported by the auditors of the Company under sub-section (12) of S ection 143.

9 . COMPANY’S POLICY RELATING TO DIRECTORS’ APPOINTMENT, PAYMENT OF REMUNERATION ETC.

The provisions of Section 178(1) of the Companies Act 2013 are not applicable to the Company.

19
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

10. DEPOSITS

The company has not accepted any deposits during the year. The provisions of Section 73 of the Companies Act, 2013 and Companies
(Acceptance of Deposits) Rules 2014 are not applicable to the Company.

11. MATERIAL CHANGES BETWEEN THE DATE OF THE BOARD REPORT AND END OF THE FINANCIAL YEAR

There have been no material changes and commitments, if any, affecting the financial position of the Company which have occurred between the
end of the financial year of the Company to which the financial statements relate and the date of the report.

12. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE
GOING CONCERN STATUS AND

COMPANY’S OPERATIONS IN FUTURE:

During the year there were no significant and material orders passed by the regulators or courts or tribunals, impacting the going concern status
and company’s operations in future.

13. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND

20
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

FOREIGN EXCHANGE EARNINGS AND OUTGO.

As required under section 134(3)(m) of the Companies Act, 2013, read with Rule 8 of the Companies (Accounts) Rules, 2014, the information
relating to the foregoing matters is given by way of Annexure A to this Report.

14. DIRECTORS RESPONSIBILITY STATEMENT

As required under section 134 (3)(c) of the Companies Act, 2013

i) In the preparation of annual accounts of the financial year ended 2019-20, the applicable accounting standards had been followed along
with proper explanation relating to material departures.

ii) The Directors had selected such accounting policies and applied them consistently and made judgments and estimates that are
reasonable and prudent so as to give a true and fair view of the state of affairs of the company for the financial year ended 2019-20 and of the
profit and loss of the Company for that period.

iii) The Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the
provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

iv) The Directors had prepared the annual accounts of the financial year ended 2019-20 as a going concern basis.

v) The Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively.

15. AUDITORS

21
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

M/s. Price Waterhouse Chartered Accountants LLP (FRN 012754N/N500016), Statutory Auditors of the company hold office till the conclusion
of Thirty Seventh Annual General Meeting of the Company.

16. COST AUDITORS

Pursuant to the provisions of section 148(3) of the act, the board of directors had appointed M/s K Suryanarayanan ( Membership no : 24946)
Cost Accountants, Chennai, as cost auditors of the company, for conducting the audit of cost records for the financial year ended March 31,
2020. Audit Report will be filed with the Ministry of Corporate Affairs within the prescribed period.

17. EXPLANATION OR COMMENTS ON QUALIFICATIONS, RESERVATIONS OR ADVERSE REMARKS OR DISCLAIMERS MADE

BY THE AUDITORS AND THE PRACTICING COMPANY SECRETARY IN THEIR REPORTS:

(i) There were no qualifications or adverse remarks in the Auditor’s Report. However the Auditors have stated that back up of books of accounts
and other books and papers maintained in electronic mode has not been maintained on servers physically located in India. Considering the
technological advancement, the books and accounts are maintained in Severs located outside India. However, it is ensured that the information in
such servers remain accessible in India for use for subsequent reference. They are also retained in the format in which they were originally
generated. The electronic record of documents are displayed in legible form. Back ups are also taken periodically and Company is taking steps to
maintain them in India on the servers located in India. The details of the maintenance shall be submitted with the Registrar as required under the
Act.

(ii) The provisions relating to submission of Secretarial Audit Report is not applicable to the Company.

18. RELATED PARTY TRANSACTIONS

Transactions with related parties are detailed in Note No.36 of the Financial Statements. All the Related Party Transactions that were entered into
during the financial year were on arm’s length basis and were in the ordinary course of business. All the Related Party Transactions were brought
to the notice of the Board.

19. PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS

During the year under review, the company did not grant any loan or provide any guarantee or did not make any investment as per the provisions
of Sec.186 of the Companies Act 2013.

20. RISK MANAGEMENT

22
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

During the year under review, the Company had developed and implemented risk assessment policy. Given the asset base and the portfolio of
investments made by the Company, the Board is of the opinion that there are no major risks affecting the existence of the Company. The financial
risk management and Capital Risk Management are given in detailed in Note No.29A and 29B of the Financial Statement.

21. EXTRACT OF ANNUAL RETURN

The details forming part of the extract of the Annual Return of the Company in form MGT-9 is annexed herewith as Annexure B.

22. PERSONNEL

The Management employee relations continued to be very cordial during the period under review.

23 CORPORATE SOCIAL RESPONSIBILITY

The Company had to spend Rs. 58 Millions towards CSR activities computed as per the requirements of Section 135 of the Companies Act, 2013
read with Schedule VII. Due to the delay in the process of evaluating various projects covering the activities specified under CSR, the
Management has spent Rs.0.46 millions during the current year. However, efforts are being taken for identification of projects and steps are
taken to undertake CSR activities in entirety.

24 COST RECORDS

The Company is required to maintain cost records as per sub-section (1) of 148 of the Companies Act, 2013 and accordingly such accounts and
records are made and maintained.

25. INTERNAL COMPLAINTS COMMITTEE

As per the requirement of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and Rules made
thereunder, your Company has formed Internal Complaints Committee under the said Act . During the year under review, there were no cases
received/filed pursuant to the provisions of the said Act .

23
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

26.INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY

The company has designed a proper and adequate internal finaicial control system to ensure, adherence to company’s policies , assets are
safeguarded, and that transactions are accurate, complete and properly authorised prior to recording. information provided to management is
reliable and timely, and statutory obligations are adhered to.

27. COMPLIANCE WITH SECRETARIAL STANDARDS:

The Company has complied with applicable provisions in the secretarial standards.

ACKNOWLEDGEMENTS

Your Directors wish to place on record their appreciation to the Principal Shareholder, Collaborator, Banks for their continued co-operation and
support.

The Board of Directors also take this opportunity to acknowledge the dedicated efforts made by employees at all level for their contribution to the
success achieved by the Company and acknowledge with deep gratitude the unstinted support of the Collaborator, KONE Corporation.

FOR AND ON BEHALF OF THE BOARD OF

DIRECTORS

24
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Signature

C.V.S. Krishna Kumar

Amit Gossain Klaus Thomas Cawen Whole Time Director

&
Managing
Name , Designation, DIN
Director Director Company Secretary

DIN: 07351940 DIN: 02417329

DIN: 06652406

Place Delhi Helsinki Chennai

25
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

ANNEXURE A

INFORMATION UNDER SECTION 134(3)(m) OF THE COMPANIES ACT, 2013, READ WITH RULE 8 OF THE COMPANIES
(AUDITORS) RULES, 2014 AND FORMING PART OF THE DIRECTORS’ REPORT

CONSERVATION OF ENERGY

PARTICULARS DETAILS

The Company has taken all necessary steps for conservation of energy, necessary
The steps taken or impact on
capacitor banks have been provided for power factor correction to keep energy consumption
conservation of energy
to the minimum.

The steps taken by the Company

for utilising alternate sources of NIL
energy

The capital investment on energy

NIL
conservation equipments

26
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

TECHNOLOGY ABSORPTION

A. POWER AND FUEL CONSUMPTION

Electricity

a) Purchase
Kwh 33,56,372 22,49,260
Units
Rs. 32,215,075 18,494,680
Total Amount
Rs. 9.60 8.22
Rate / Unit

b) Own Generation through Diesel Generator

Units
Kwh 43,995 69,520
Units
Kwh/Ltr 3.20 3.47
Rate / Unit
Rs. 21.34 21.03
c) Others (diesel for boiler etc)

Quantity
Ltrs 14,110 35,835
Total Amount
Rs. 9,84,314 1,869,601
Rate / Unit
Rs. 69.76 52.17

B. CONSUMPTION PER UNIT OF PRODUCTION (PER LIFT)

Electricity

Furnace
Kwh 378.62 209.84
Coal
Ltrs Nil Nil
Diesel Oil
Kgs Nil Nil

Ltrs 1.57 3.34

27
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

FOREIGN EXCHANGE

During the year foreign exchange earnings amounted to Rs.1,884 million. Our products have been received well in the foreign markets and we
expect repeat orders. Foreign exchange outflow is

Rs.1,261 towards licenses & Technical fees, Rs.157 Million towards Trademark License, Rs.82 Million towards other expenses and Value of
imports Rs.2160 million

FOR AND ON BEHALF OF THE BOARD OF

DIRECTORS

Signature

C.V.S. Krishna Kumar

Amit Gossain Klaus Thomas Cawen Whole Time Director

&
Managing
Name , Designation, DIN
Director Director Company Secretary

DIN: 07351940 DIN: 02417329

DIN: 06652406

Place Delhi Helsinki Chennai

28
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

KONE ELEVATOR INDIA PRIVATE LIMITED

ANNEXURE TO THE DIRECTORS’ REPORT: ANNEXURE-B

EXTRACT OF THE ANNUAL RETURN IN FORM MGT-9:

FORM NO.MGT-9

EXTRACT OF ANNUAL RETURN

29
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

as on the financial year ended on 31.03.2020

Pursuant to section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies (Management and Administration) Rules,
2014

I. REGISTRATION & OTHER DETAILS:

i. CIN U29141TN1984FTC010913

ii. Registration Date 12.06.1984

iii. Name of the Company KONE Elevator India Pvt Ltd

Company limited by Shares

iv. Category / Sub Category of the Company
Subsidiary of Foreign Company

Plot No: A 28

SIPCOT Industrial Park,

Pillaipakkam,

Sriperumbudur Taluk,
v. Address of Registered office and contact details
Kancheepuram District

602105

Tamilnadu

[email protected]

vi. Whether listed company No

vii. Name, Address & contact details of the Registrar & Transfer Agent, if any. Not applicable

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

30
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

All business activities contribution 10% or more of the total turnover of the company shall be stated

NIC Code of the % to Total Turnover of

Sl.No Name and Description of the products / services
product /service the Company

Manufacture, erection, commissioning and installation of lifts,

1 4354001 to 4354003 59.65%
escalators and moving walkways

2 Maintenance and repair service of elevators and escalators 99871570 30.21%

III. PARTICULARS OF HOLDING, SUBSIDIARY & ASSOCIATE COMPANIES

S.No Name and Address of the Company CIN/GLN Holding / Subsidiary / Associate % of Shares Applicable section

1 KONE OYJ, Finland NA Holding 99.999 2(46)

The company does not have any associate or subsidiary company

31
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

IV. SHARE HOLDING PATTERN (Equity share capital break up as % to total Equity)

i. Category-wise Share Holding

No of Shares No of Shares
% change
Category of held at the held at the
during the
Shareholders beginning of end of the
year
the year year

% of % of
Demat Physical Total Demat Physical Total
Shares Shares

A. Promoters

Foreign Bodies
34,947,195 34,947,195 100% 34,947,195 34,947,195 100% NIL
Corporate

B .Public
NIL NIL NIL
Shareholding

C.Shares held
by custodian of NIL NIL NIL
GDRs & ADRs

Grand Total
34,947,195 34,947,195 100% 34,947,195 34,947,195 100%
(A+B+C)

ii. Shareholding of promoters

32
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Shareholding
Shareholder’s Shareholding
at the
Sl.No at the end of
beginning of
Name the year
the year

% of %of Shares % change

%of Shares
% of total total Pledged/ in share
Pledged/ No of
No of Shares shares of the shares encumbered holding
encumbered to Shares
company of the to total during the
total shares
company shares year

1 KONE OYJ 34,946,961 99.999% NIL 34,946,961 99.999% NIL NIL

2 Finescal OY 234 0.001% NIL 234 0.001% NIL NIL

Total 34,947,195 100% 34,947,195 100%

33
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

iii. Change in promoter’s shareholding (specify if there is no change)

Shareholding Cumulative
at the Shareholding
Sl.No.
beginning of during the
the year year

% of
% of total total
No of
No of Shares shares of the Shares
Shares
company of the
company

1 At the beginning of the year 34,947,195 100% 34,947,195 100%

Date wise increase / decrease in Promoters shareholding

No Change
during the year specifying the reasons for increase /
2 during the
decrease (e.g. allotment / transfer / bonus /sweat equity
year
etc):

3 At the end of the year 34,947,195 100% 34,947,195 100%

iv. Shareholding pattern of top ten shareholders (other than Directors, Promoters and Holders of GDRs and ADRs): Not applicable

v. Shareholding of Directors and Key Managerial Personnel (KMP): None

V. INDEBTEDNESS

Secured Loans excluding Unsecured Total

Deposits
deposits Loans Indebtedness

Indebtedness at the beginning of the financial

year

34
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

i)Principal Amount

ii)Interest due but not paid

iii)Interest accrued but not due

Total (i+ii+iii)

Change in Indebtedness during the financial

year Not Applicable

Addition Reduction

Net Change

Indebtedness at the end of the financial year

i)Principal Amount

ii)Interest due but not paid

iii)Interest accrued but not due

Total (i+ii+iii)

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

Remuneration to Managing Director, Whole-time Directors and / or Manager:

(All amounts in Rs.million)

Name of MD / WTD /
Sl.No Particulars of Remuneration Total Amount
Manager

35
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Amit Gossain CVS.Krishnakuamr-WTD &

Managing Director Company Secretary

Gross Salary

(a) Salary as per provision contained in Sec 17(1) of

the Income tax Act,1961
1 26 7 33
(b) Value of perquisites u/s 17(2) of the Income tax
Act 1961

(c) Profits in lieu of salary under section 17(3)

Income tax Act 1961

2 Stock Option

3 Sweat Equity

Commission

4 -as % of profit

-others, specify

5 Others, please specify

Total (A) 26 7 33

Ceiling as per the Act Not Applicable

Remuneration to other Directors: None Remuneration to Key Managerial Personnel other than MD / Manager / WTD: None

VII. PENALTIES / PUNISHMENT / COMPOUNDING OF OFFENCES

Section of the Details of Penalty / Authority [RD / Appeal made, if

Type Companies Brief Description Punishment/ Compounding NCLT / any (give
Act fees imposed COURT] details)

36
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Penalty

No such issues to
Punishment report during the
year.

Compounding

C.OTHER
OFFICERS IN
DEFAULT

Penalty

Punishment

Compounding

FOR AND ON BEHALF OF THE BOARD OF

DIRECTORS

Signature

C.V.S. Krishna Kumar

Amit Gossain Klaus Thomas Cawen Whole Time Director

&
Managing
Name , Designation, DIN
Director Director Company Secretary

DIN: 07351940 DIN: 02417329

DIN: 06652406

Place Delhi Helsinki Chennai

37
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

ANNEXURE-C

CORPORATE SOCIAL RESPONSIBILITY

A brief outline of the company's CSR policy, including overview of projects or programs proposed to be undertaken:

Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation (including contribution to the
Swachh Bharat Kosh set-up by the Central Government for the promotion of sanitation) and making available safe drinking water. Promoting
education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently
abled and livelihood enhancement projects. Promoting gender equality, empowering women, setting up homes and hostels for women and
orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by
socially and economically backward groups. Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal
welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water [including contribution to the Clean Ganga
Fund set-up by the Central Government for rejuvenation of river Ganga] Protection of national heritage, art and culture including restoration of
buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional art and
handicrafts; Measures for the benefit of armed forces veterans, war widows and their dependents; Training to promote rural sports, nationally
recognized sports, Paralympic sports and Olympic sports Contribution to the prime minister's national relief fund or any other fund set up by the
central govt. for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women;
Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government.
Rural development projects. Slum area development. Disaster management, including relief, rehabilitation and reconstruction activities.

2. The Composition of the CSR Committee: Three Directors consisting of Mr Amit Gossain Managing Director, Mr Klaus Thomas Cawen,
Director and Mr CVS Krishnakumar Wholetime Director

3. Average net profit of the company for last three financial years: Rs 2,914 Millions

4. Prescribed CSR Expenditure (two per cent of the amount as in item 3 above) ; Rs 58 Millions

38
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

5. Details of CSR spent during the financial year

Ø Total amount spent for the financial year: Rs 0.46 millions

Ø Amount unspent, if any: Rs.57.54 millions

Ø Manner in which the amount spent during the financial year is detailed below-

Rs. in millions

Projects or programs

Amount spent on the

Amount
projects or programs, Cumulative Amount
CSR Sector in outlay
subheads (1) Direct expenditure spent Direct
Project or which the (budget)
Sl.No expenditure on projects upto the or through
Activity Project is project or
or programs reporting implementing
identified covered programs
period agency
wise
(2) Overheads

39
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

(1) Local area or other

(2) Specify the state
and district where
projects or programs
was undertaken

Single Teacher Schools

in and around
Promoting
Education Sriperumbudur area 0.46 0.46 0.46 Direct
education
Kanchipuram District
Tamilnadu

40
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

6. Reasons for not spending the prescribed CSR expenditure: The company is in the process of identifying areas in which it might propose to
spend the CSR amount. Upon identifying appropriate areas, it may spend on such CSR activities.

7. The CSR committee, hereby confirms that the implementation and monitoring of CSR Policy, is in compliance with CSR objectives and Policy
of the Company.

41
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

FOR AND ON BEHALF OF THE BOARD OF

DIRECTORS

Signature

C.V.S. Krishna Kumar

Amit Gossain Klaus Thomas Cawen Whole Time Director

&
Managing
Name , Designation, DIN
Director Director Company Secretary

DIN: 07351940 DIN: 02417329

DIN: 06652406

Place Delhi Helsinki Chennai

42
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (2)

Disclosure of extract of annual return as provided under section 92(3) [Text Block]
KONE ELEVATOR INDIA PRIVATE LIMITED

ANNEXURE TO THE DIRECTORS’ REPORT: ANNEXURE-B

EXTRACT OF THE ANNUAL RETURN IN FORM MGT-9:

FORM NO.MGT-9

EXTRACT OF ANNUAL RETURN

as on the financial year ended on 31.03.2020

Pursuant to section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies (Management and Administration) Rules,
2014

I. REGISTRATION & OTHER DETAILS:

i. CIN U29141TN1984FTC010913

ii. Registration Date 12.06.1984

iii. Name of the Company KONE Elevator India Pvt Ltd

Company limited by Shares

iv. Category / Sub Category of the Company
Subsidiary of Foreign Company

Plot No: A 28

43
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

SIPCOT Industrial Park,

Pillaipakkam,

Sriperumbudur Taluk,
v. Address of Registered office and contact details
Kancheepuram District

602105

Tamilnadu

[email protected]

vi. Whether listed company No

vii. Name, Address & contact details of the Registrar & Transfer Agent, if any. Not applicable

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

All business activities contribution 10% or more of the total turnover of the company shall be stated

NIC Code of the % to Total Turnover of

Sl.No Name and Description of the products / services
product /service the Company

Manufacture, erection, commissioning and installation of lifts,

1 4354001 to 4354003 59.65%
escalators and moving walkways

2 Maintenance and repair service of elevators and escalators 99871570 30.21%

44
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

III. PARTICULARS OF HOLDING, SUBSIDIARY & ASSOCIATE COMPANIES

S.No Name and Address of the Company CIN/GLN Holding / Subsidiary / Associate % of Shares Applicable section

1 KONE OYJ, Finland NA Holding 99.999 2(46)

The company does not have any associate or subsidiary company

IV. SHARE HOLDING PATTERN (Equity share capital break up as % to total Equity)

i. Category-wise Share Holding

No of Shares No of Shares
% change
Category of held at the held at the
during the
Shareholders beginning of end of the
year
the year year

% of % of
Demat Physical Total Demat Physical Total
Shares Shares

A. Promoters

Foreign Bodies
34,947,195 34,947,195 100% 34,947,195 34,947,195 100% NIL
Corporate

B .Public
NIL NIL NIL
Shareholding

C.Shares held

45
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

by custodian of NIL NIL NIL

GDRs & ADRs

Grand Total
34,947,195 34,947,195 100% 34,947,195 34,947,195 100%
(A+B+C)

ii. Shareholding of promoters

Shareholding
Shareholder’s Shareholding
at the
Sl.No at the end of
beginning of
Name the year
the year

% of %of Shares % change

%of Shares
% of total total Pledged/ in share
Pledged/ No of
No of Shares shares of the shares encumbered holding
encumbered to Shares
company of the to total during the
total shares
company shares year

46
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

1 KONE OYJ 34,946,961 99.999% NIL 34,946,961 99.999% NIL NIL

2 Finescal OY 234 0.001% NIL 234 0.001% NIL NIL

Total 34,947,195 100% 34,947,195 100%

iii. Change in promoter’s shareholding (specify if there is no change)

Shareholding Cumulative
at the Shareholding
Sl.No.
beginning of during the
the year year

% of
% of total total
No of
No of Shares shares of the Shares
Shares
company of the
company

1 At the beginning of the year 34,947,195 100% 34,947,195 100%

Date wise increase / decrease in Promoters shareholding

No Change
during the year specifying the reasons for increase /
2 during the
decrease (e.g. allotment / transfer / bonus /sweat equity
year
etc):

3 At the end of the year 34,947,195 100% 34,947,195 100%

iv. Shareholding pattern of top ten shareholders (other than Directors, Promoters and Holders of GDRs and ADRs): Not applicable

47
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

v. Shareholding of Directors and Key Managerial Personnel (KMP): None

V. INDEBTEDNESS

Secured Loans excluding Unsecured Total

Deposits
deposits Loans Indebtedness

Indebtedness at the beginning of the financial

year

i)Principal Amount

ii)Interest due but not paid

iii)Interest accrued but not due

Total (i+ii+iii)

Change in Indebtedness during the financial

year Not Applicable

Addition Reduction

Net Change

Indebtedness at the end of the financial year

i)Principal Amount

ii)Interest due but not paid

iii)Interest accrued but not due

Total (i+ii+iii)

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

48
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Remuneration to Managing Director, Whole-time Directors and / or Manager:

(All amounts in Rs.million)

Name of MD / WTD /
Sl.No Particulars of Remuneration Total Amount
Manager

Amit Gossain CVS.Krishnakuamr-WTD &

Managing Director Company Secretary

Gross Salary

(a) Salary as per provision contained in Sec 17(1) of

the Income tax Act,1961
1 26 7 33
(b) Value of perquisites u/s 17(2) of the Income tax
Act 1961

(c) Profits in lieu of salary under section 17(3) Income

tax Act 1961

2 Stock Option

3 Sweat Equity

Commission

4 -as % of profit

-others, specify

5 Others, please specify

Total (A) 26 7 33

Ceiling as per the Act Not Applicable

Remuneration to other Directors: None Remuneration to Key Managerial Personnel other than MD / Manager / WTD: None

49
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

VII. PENALTIES / PUNISHMENT / COMPOUNDING OF OFFENCES

Section of the Details of Penalty / Authority [RD / Appeal made, if

Type Companies Brief Description Punishment/ Compounding NCLT / any (give
Act fees imposed COURT] details)

Penalty

No such issues to
Punishment report during the
year.

Compounding

C.OTHER
OFFICERS IN
DEFAULT

Penalty

Punishment

Compounding

FOR AND ON BEHALF OF THE BOARD OF

DIRECTORS

Signature

C.V.S. Krishna Kumar

Amit Gossain Klaus Thomas Cawen Whole Time Director

&
Managing
Name , Designation, DIN
Director Director Company Secretary

DIN: 07351940 DIN: 02417329

50
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

DIN: 06652406

Place Delhi Helsinki Chennai

51
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (3)

Disclosure in board of directors report explanatory [Text Block]

DIRECTORS’ REPORT

DIRECTORS’ REPORT

REPORT

Your Directors are pleased to present the 35th Annual Report along with the Audited Accounts for the period ended 31st March 2020.

1.FINANCIAL RESULTS (Rs. In Million)

Apr Apr
2019 2018

PARTICULARS to to

Mar Mar
2020 2019

Total revenue (Gross) 19,671 20,310

Profit before depreciation and interest 3,756 3,116

Less: Depreciation and amortization 648 345

Less: Interest 41 8

Profit before Tax 3,067 2,763

52
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Less: Provision for Tax including Deferred Tax Asset 1,000 1,003

Profit after Tax 2,067 1,760

Add: Brought Forward Profit from Previous Year & Other adjustments 2,629 2,125

Add: Change in Accounting policy

in FY 2018-19 1,041

Less: Tax impact due to change in 0 678

Accounting Policy 363

Add: Other Comprehensive Income arising from re-measurements of post-employment benefit obligations
(58) 4
& Income tax thereon

Profit / (Loss) for Appropriation 4,638 4,567

Appropriations:

a) General Reserve 0 0

b) Dividend on equity shares 0 1,608

FY 2018-19 -Rs. 1,608 towards Final Dividend for 2017-18

c) Tax on dividend
0 330

Balance Carried to Balance Sheet 4,638 2,629

53
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

2. OPERATIVE RESULTS

The Directors are pleased to present once again very encouraging figures for the period 01st April 2019 to 31st March 2020. The profit before
tax was at Rs. 3,067 Millions.

Your Directors are pleased to inform that during the year the state-of-the-art factory set up in PLOT NO A28, SIPCOT- PILLAPAKKAM
INDUSTRIAL PARK, KANCHIPURAM DISTRICT, SRIPERUMBADUR TALUK, VENGADU VILLAGE, PIN-602105 to cater to the present
and future demands of the company was inaugurated. Also the plaque was unveiled by Mr.Banwarilal Purohit Honourable Governor of
Tamilnadu in the presence of. H.E. Mr.Pekka Haavisto Honourable Minister for Foreign Affairs of Finland Mr. M.C.Sampath Honourable
Minister of Industrial Department, Government of Tamilnadu, Mr.Antti Herlin Chariman KONE Corporation, Mr.Henrik Ehrnrooth, President &
CEO, Mr.Axel Berkling , EVP APA from KONE Corporation and Mr.Amit Gossain Managing Director . The manufacturing operations were
smoothly shifted from the existing factory at Vanagaram to the new factory. The registered office was also shifted from the old factory to the new
factory address referred above.

The company adopted Ind AS 116 by which the Company recognised lease liabilities in relation to leases which had previously been classified as
'operating leases' under the principles of Ind AS 17, Leases. These liabilities were measured at the present value of the remaining lease payments,
discounted using the lessee's incremental borrowing rate as of April 1, 2019. The details have been furnished in the notes to the financial
statements for the year ended 31st March 2020.

Impact of Covid-19 pandemic

The spread of Covid-19 have severely affected the businesses around the globe. In many countries including India, there has been severe
disruption to regular operations due to lock-downs, disruptions in transportations, supply chain, travel bans, quarantines, social distancing and
other emergency measures.

In spite of the difficult environment, the operations of the company were carried out remotely with all possible controls and ensured field
operations by the employees with all personal protection equipment’s (PPEs) in order to meet the emergency needs of the customers.

54
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

The Company has made detailed assessment of its liquidity position for the next few months and of the recoverability and carrying values of its
assets comprising property, plant and equipment, intangible assets, trade receivables, contract assets and inventories as at the balance sheet date,
and has concluded that there are no material adjustments required to be made in the financial statements.

Management has taken into account all the possible impact of known events arising from Covid-19 pandemic in the preparation of the financial
statements. However, the impact assessment of Covid-19 is a continuing process given the uncertainties associated with its nature and duration.
The Company will continue to monitor any material changes to future economic conditions.

3. CHANGE IN THE NATURE OF BUSINESS:

There is no change in the nature of business during the year under review.

4. TRANSFER TO RESERVES

The Company has not transferred any amount to reserves.

5. DIVIDEND

The Board of Directors of your company, after considering holistically the relevant circumstances and keeping in view the company’s
requirement has decided that it would be prudent not to recommend any dividend for the financial year 2019-20.

6. DIRECTORS & MEETINGS

The Board of Directors of the Company met 4 (Four) times during the financial year 2019-2020 on the following dates:

55
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

22nd May 2019, 29th August 2019, 11th December 2019 and 20th March 2020

During the year, four Board meetings were duly convened and held and the intervening gap between any two meetings was within the period
prescribed under the Companies Act 2013. Mr. Amit Gossain attended all meetings. Mr. Klaus Thomas Cawen attended one meeting, and Mr.
CVS Krishnakumar attended Three meetings.

Attendance of Directors

Name of the Director Designation Number of Board Meetings Attended

Mr. Klaus Thomas Cawen Director 1

Mr.Amit Gossain Managing Director 4

Mr. CVS Krishnakumar Wholetime Director 3

There is no change in the composition of the Board during the financial year 2019-20

CORPORATE SOCIAL RESPONSIBILITY (CSR) COMMITTEE MEETINGS:

The Corporate social responsibility committee met Four times during the financial year 2019-20 on 22nd May 2019, 29th August 2019, 11th
December 2019 and 20th March 2020

56
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Attendance of Committee Members

Name of the Director Designation Number of CSR Committee Meetings Attended

Mr. Klaus Thomas Cawen Director 1

Mr.Amit Gossain Managing Director 4

Mr. CVS Krishnakumar Wholetime Director 3

Annual report on CSR activities is enclosed as Annexure C

7. DECLARATION OF INDEPENDENT DIRECTORS:

The provisions of Section 149 relating to appointment of Independent Directors do not apply to the Company.

8. DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION (12) OF S ECTION 143OTHER THAN
THOSE WHICH ARE REPORTABLE TO THE CENTRAL GOVERNMENT:-

There are no such instances reported by the auditors of the Company under sub-section (12) of S ection 143.

9 . COMPANY’S POLICY RELATING TO DIRECTORS’ APPOINTMENT, PAYMENT OF REMUNERATION ETC.

The provisions of Section 178(1) of the Companies Act 2013 are not applicable to the Company.

57
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

10. DEPOSITS

The company has not accepted any deposits during the year. The provisions of Section 73 of the Companies Act, 2013 and Companies
(Acceptance of Deposits) Rules 2014 are not applicable to the Company.

11. MATERIAL CHANGES BETWEEN THE DATE OF THE BOARD REPORT AND END OF THE FINANCIAL YEAR

There have been no material changes and commitments, if any, affecting the financial position of the Company which have occurred between the
end of the financial year of the Company to which the financial statements relate and the date of the report.

12. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE
GOING CONCERN STATUS AND

COMPANY’S OPERATIONS IN FUTURE:

During the year there were no significant and material orders passed by the regulators or courts or tribunals, impacting the going concern status
and company’s operations in future.

13. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND

58
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

FOREIGN EXCHANGE EARNINGS AND OUTGO.

As required under section 134(3)(m) of the Companies Act, 2013, read with Rule 8 of the Companies (Accounts) Rules, 2014, the information
relating to the foregoing matters is given by way of Annexure A to this Report.

14. DIRECTORS RESPONSIBILITY STATEMENT

As required under section 134 (3)(c) of the Companies Act, 2013

i) In the preparation of annual accounts of the financial year ended 2019-20, the applicable accounting standards had been followed along
with proper explanation relating to material departures.

ii) The Directors had selected such accounting policies and applied them consistently and made judgments and estimates that are
reasonable and prudent so as to give a true and fair view of the state of affairs of the company for the financial year ended 2019-20 and of the
profit and loss of the Company for that period.

iii) The Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the
provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

iv) The Directors had prepared the annual accounts of the financial year ended 2019-20 as a going concern basis.

v) The Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively.

15. AUDITORS

59
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

M/s. Price Waterhouse Chartered Accountants LLP (FRN 012754N/N500016), Statutory Auditors of the company hold office till the conclusion
of Thirty Seventh Annual General Meeting of the Company.

16. COST AUDITORS

Pursuant to the provisions of section 148(3) of the act, the board of directors had appointed M/s K Suryanarayanan ( Membership no : 24946)
Cost Accountants, Chennai, as cost auditors of the company, for conducting the audit of cost records for the financial year ended March 31,
2020. Audit Report will be filed with the Ministry of Corporate Affairs within the prescribed period.

17. EXPLANATION OR COMMENTS ON QUALIFICATIONS, RESERVATIONS OR ADVERSE REMARKS OR DISCLAIMERS MADE

BY THE AUDITORS AND THE PRACTICING COMPANY SECRETARY IN THEIR REPORTS:

(i) There were no qualifications or adverse remarks in the Auditor’s Report. However the Auditors have stated that back up of books of accounts
and other books and papers maintained in electronic mode has not been maintained on servers physically located in India. Considering the
technological advancement, the books and accounts are maintained in Severs located outside India. However, it is ensured that the information in
such servers remain accessible in India for use for subsequent reference. They are also retained in the format in which they were originally
generated. The electronic record of documents are displayed in legible form. Back ups are also taken periodically and Company is taking steps to
maintain them in India on the servers located in India. The details of the maintenance shall be submitted with the Registrar as required under the
Act.

(ii) The provisions relating to submission of Secretarial Audit Report is not applicable to the Company.

18. RELATED PARTY TRANSACTIONS

Transactions with related parties are detailed in Note No.36 of the Financial Statements. All the Related Party Transactions that were entered into
during the financial year were on arm’s length basis and were in the ordinary course of business. All the Related Party Transactions were brought
to the notice of the Board.

19. PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS

During the year under review, the company did not grant any loan or provide any guarantee or did not make any investment as per the provisions
of Sec.186 of the Companies Act 2013.

20. RISK MANAGEMENT

60
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

During the year under review, the Company had developed and implemented risk assessment policy. Given the asset base and the portfolio of
investments made by the Company, the Board is of the opinion that there are no major risks affecting the existence of the Company. The financial
risk management and Capital Risk Management are given in detailed in Note No.29A and 29B of the Financial Statement.

21. EXTRACT OF ANNUAL RETURN

The details forming part of the extract of the Annual Return of the Company in form MGT-9 is annexed herewith as Annexure B.

22. PERSONNEL

The Management employee relations continued to be very cordial during the period under review.

23 CORPORATE SOCIAL RESPONSIBILITY

The Company had to spend Rs. 58 Millions towards CSR activities computed as per the requirements of Section 135 of the Companies Act, 2013
read with Schedule VII. Due to the delay in the process of evaluating various projects covering the activities specified under CSR, the
Management has spent Rs.0.46 millions during the current year. However, efforts are being taken for identification of projects and steps are
taken to undertake CSR activities in entirety.

24 COST RECORDS

The Company is required to maintain cost records as per sub-section (1) of 148 of the Companies Act, 2013 and accordingly such accounts and
records are made and maintained.

25. INTERNAL COMPLAINTS COMMITTEE

As per the requirement of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and Rules made
thereunder, your Company has formed Internal Complaints Committee under the said Act . During the year under review, there were no cases
received/filed pursuant to the provisions of the said Act .

61
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

26.INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY

The company has designed a proper and adequate internal finaicial control system to ensure, adherence to company’s policies , assets are
safeguarded, and that transactions are accurate, complete and properly authorised prior to recording. information provided to management is
reliable and timely, and statutory obligations are adhered to.

27. COMPLIANCE WITH SECRETARIAL STANDARDS:

The Company has complied with applicable provisions in the secretarial standards.

ACKNOWLEDGEMENTS

Your Directors wish to place on record their appreciation to the Principal Shareholder, Collaborator, Banks for their continued co-operation and
support.

The Board of Directors also take this opportunity to acknowledge the dedicated efforts made by employees at all level for their contribution to the
success achieved by the Company and acknowledge with deep gratitude the unstinted support of the Collaborator, KONE Corporation.

FOR AND ON BEHALF OF THE BOARD OF

DIRECTORS

62
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Signature

C.V.S. Krishna Kumar

Amit Gossain Klaus Thomas Cawen Whole Time Director

&
Managing
Name , Designation, DIN
Director Director Company Secretary

DIN: 07351940 DIN: 02417329

DIN: 06652406

Place Delhi Helsinki Chennai

63
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

ANNEXURE A

INFORMATION UNDER SECTION 134(3)(m) OF THE COMPANIES ACT, 2013, READ WITH RULE 8 OF THE COMPANIES
(AUDITORS) RULES, 2014 AND FORMING PART OF THE DIRECTORS’ REPORT

CONSERVATION OF ENERGY

PARTICULARS DETAILS

The Company has taken all necessary steps for conservation of energy, necessary
The steps taken or impact on
capacitor banks have been provided for power factor correction to keep energy consumption
conservation of energy
to the minimum.

The steps taken by the Company

for utilising alternate sources of NIL
energy

The capital investment on energy

NIL
conservation equipments

64
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

TECHNOLOGY ABSORPTION

A. POWER AND FUEL CONSUMPTION

Electricity

a) Purchase
Kwh 33,56,372 22,49,260
Units
Rs. 32,215,075 18,494,680
Total Amount
Rs. 9.60 8.22
Rate / Unit

b) Own Generation through Diesel Generator

Units
Kwh 43,995 69,520
Units
Kwh/Ltr 3.20 3.47
Rate / Unit
Rs. 21.34 21.03
c) Others (diesel for boiler etc)

Quantity
Ltrs 14,110 35,835
Total Amount
Rs. 9,84,314 1,869,601
Rate / Unit
Rs. 69.76 52.17

B. CONSUMPTION PER UNIT OF PRODUCTION (PER LIFT)

Electricity

Furnace
Kwh 378.62 209.84
Coal
Ltrs Nil Nil
Diesel Oil
Kgs Nil Nil

Ltrs 1.57 3.34

65
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

FOREIGN EXCHANGE

During the year foreign exchange earnings amounted to Rs.1,884 million. Our products have been received well in the foreign markets and we
expect repeat orders. Foreign exchange outflow is

Rs.1,261 towards licenses & Technical fees, Rs.157 Million towards Trademark License, Rs.82 Million towards other expenses and Value of
imports Rs.2160 million

FOR AND ON BEHALF OF THE BOARD OF

DIRECTORS

Signature

C.V.S. Krishna Kumar

Amit Gossain Klaus Thomas Cawen Whole Time Director

&
Managing
Name , Designation, DIN
Director Director Company Secretary

DIN: 07351940 DIN: 02417329

DIN: 06652406

Place Delhi Helsinki Chennai

66
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

KONE ELEVATOR INDIA PRIVATE LIMITED

ANNEXURE TO THE DIRECTORS’ REPORT: ANNEXURE-B

EXTRACT OF THE ANNUAL RETURN IN FORM MGT-9:

FORM NO.MGT-9

EXTRACT OF ANNUAL RETURN

67
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

as on the financial year ended on 31.03.2020

Pursuant to section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies (Management and Administration) Rules,
2014

I. REGISTRATION & OTHER DETAILS:

i. CIN U29141TN1984FTC010913

ii. Registration Date 12.06.1984

iii. Name of the Company KONE Elevator India Pvt Ltd

Company limited by Shares

iv. Category / Sub Category of the Company
Subsidiary of Foreign Company

Plot No: A 28

SIPCOT Industrial Park,

Pillaipakkam,

Sriperumbudur Taluk,
v. Address of Registered office and contact details
Kancheepuram District

602105

Tamilnadu

[email protected]

vi. Whether listed company No

vii. Name, Address & contact details of the Registrar & Transfer Agent, if any. Not applicable

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

All business activities contribution 10% or more of the total turnover of the company shall be stated

NIC Code of the % to Total Turnover of

Sl.No Name and Description of the products / services
product /service the Company

Manufacture, erection, commissioning and installation of lifts,

1 4354001 to 4354003 59.65%
escalators and moving walkways

2 Maintenance and repair service of elevators and escalators 99871570 30.21%

III. PARTICULARS OF HOLDING, SUBSIDIARY & ASSOCIATE COMPANIES

S.No Name and Address of the Company CIN/GLN Holding / Subsidiary / Associate % of Shares Applicable section

1 KONE OYJ, Finland NA Holding 99.999 2(46)

The company does not have any associate or subsidiary company

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

IV. SHARE HOLDING PATTERN (Equity share capital break up as % to total Equity)

i. Category-wise Share Holding

No of Shares No of Shares
% change
Category of held at the held at the
during the
Shareholders beginning of end of the
year
the year year

% of % of
Demat Physical Total Demat Physical Total
Shares Shares

A. Promoters

Foreign Bodies
34,947,195 34,947,195 100% 34,947,195 34,947,195 100% NIL
Corporate

B .Public
NIL NIL NIL
Shareholding

C.Shares held
by custodian of NIL NIL NIL
GDRs & ADRs

Grand Total
34,947,195 34,947,195 100% 34,947,195 34,947,195 100%
(A+B+C)

ii. Shareholding of promoters

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Shareholding
Shareholder’s Shareholding
at the
Sl.No at the end of
beginning of
Name the year
the year

% of %of Shares % change

%of Shares
% of total total Pledged/ in share
Pledged/ No of
No of Shares shares of the shares encumbered holding
encumbered to Shares
company of the to total during the
total shares
company shares year

1 KONE OYJ 34,946,961 99.999% NIL 34,946,961 99.999% NIL NIL

2 Finescal OY 234 0.001% NIL 234 0.001% NIL NIL

Total 34,947,195 100% 34,947,195 100%

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

iii. Change in promoter’s shareholding (specify if there is no change)

Shareholding Cumulative
at the Shareholding
Sl.No.
beginning of during the
the year year

% of
% of total total
No of
No of Shares shares of the Shares
Shares
company of the
company

1 At the beginning of the year 34,947,195 100% 34,947,195 100%

Date wise increase / decrease in Promoters shareholding

No Change
during the year specifying the reasons for increase /
2 during the
decrease (e.g. allotment / transfer / bonus /sweat equity
year
etc):

3 At the end of the year 34,947,195 100% 34,947,195 100%

iv. Shareholding pattern of top ten shareholders (other than Directors, Promoters and Holders of GDRs and ADRs): Not applicable

v. Shareholding of Directors and Key Managerial Personnel (KMP): None

V. INDEBTEDNESS

Secured Loans excluding Unsecured Total

Deposits
deposits Loans Indebtedness

Indebtedness at the beginning of the financial

year

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

i)Principal Amount

ii)Interest due but not paid

iii)Interest accrued but not due

Total (i+ii+iii)

Change in Indebtedness during the financial

year Not Applicable

Addition Reduction

Net Change

Indebtedness at the end of the financial year

i)Principal Amount

ii)Interest due but not paid

iii)Interest accrued but not due

Total (i+ii+iii)

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

Remuneration to Managing Director, Whole-time Directors and / or Manager:

(All amounts in Rs.million)

Name of MD / WTD /
Sl.No Particulars of Remuneration Total Amount
Manager

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Amit Gossain CVS.Krishnakuamr-WTD &

Managing Director Company Secretary

Gross Salary

(a) Salary as per provision contained in Sec 17(1) of

the Income tax Act,1961
1 26 7 33
(b) Value of perquisites u/s 17(2) of the Income tax
Act 1961

(c) Profits in lieu of salary under section 17(3)

Income tax Act 1961

2 Stock Option

3 Sweat Equity

Commission

4 -as % of profit

-others, specify

5 Others, please specify

Total (A) 26 7 33

Ceiling as per the Act Not Applicable

Remuneration to other Directors: None Remuneration to Key Managerial Personnel other than MD / Manager / WTD: None

VII. PENALTIES / PUNISHMENT / COMPOUNDING OF OFFENCES

Section of the Details of Penalty / Authority [RD / Appeal made, if

Type Companies Brief Description Punishment/ Compounding NCLT / any (give
Act fees imposed COURT] details)

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Penalty

No such issues to
Punishment report during the
year.

Compounding

C.OTHER
OFFICERS IN
DEFAULT

Penalty

Punishment

Compounding

FOR AND ON BEHALF OF THE BOARD OF

DIRECTORS

Signature

C.V.S. Krishna Kumar

Amit Gossain Klaus Thomas Cawen Whole Time Director

&
Managing
Name , Designation, DIN
Director Director Company Secretary

DIN: 07351940 DIN: 02417329

DIN: 06652406

Place Delhi Helsinki Chennai

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

ANNEXURE-C

CORPORATE SOCIAL RESPONSIBILITY

A brief outline of the company's CSR policy, including overview of projects or programs proposed to be undertaken:

Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation (including contribution to the
Swachh Bharat Kosh set-up by the Central Government for the promotion of sanitation) and making available safe drinking water. Promoting
education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently
abled and livelihood enhancement projects. Promoting gender equality, empowering women, setting up homes and hostels for women and
orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by
socially and economically backward groups. Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal
welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water [including contribution to the Clean Ganga
Fund set-up by the Central Government for rejuvenation of river Ganga] Protection of national heritage, art and culture including restoration of
buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional art and
handicrafts; Measures for the benefit of armed forces veterans, war widows and their dependents; Training to promote rural sports, nationally
recognized sports, Paralympic sports and Olympic sports Contribution to the prime minister's national relief fund or any other fund set up by the
central govt. for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women;
Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government.
Rural development projects. Slum area development. Disaster management, including relief, rehabilitation and reconstruction activities.

2. The Composition of the CSR Committee: Three Directors consisting of Mr Amit Gossain Managing Director, Mr Klaus Thomas Cawen,
Director and Mr CVS Krishnakumar Wholetime Director

3. Average net profit of the company for last three financial years: Rs 2,914 Millions

4. Prescribed CSR Expenditure (two per cent of the amount as in item 3 above) ; Rs 58 Millions

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

5. Details of CSR spent during the financial year

Ø Total amount spent for the financial year: Rs 0.46 millions

Ø Amount unspent, if any: Rs.57.54 millions

Ø Manner in which the amount spent during the financial year is detailed below-

Rs. in millions

Projects or programs

Amount spent on the

Amount
projects or programs, Cumulative Amount
CSR Sector in outlay
subheads (1) Direct expenditure spent Direct
Project or which the (budget)
Sl.No expenditure on projects upto the or through
Activity Project is project or
or programs reporting implementing
identified covered programs
period agency
wise
(2) Overheads

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

(1) Local area or other

(2) Specify the state
and district where
projects or programs
was undertaken

Single Teacher Schools

in and around
Promoting
Education Sriperumbudur area 0.46 0.46 0.46 Direct
education
Kanchipuram District
Tamilnadu

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

6. Reasons for not spending the prescribed CSR expenditure: The company is in the process of identifying areas in which it might propose to
spend the CSR amount. Upon identifying appropriate areas, it may spend on such CSR activities.

7. The CSR committee, hereby confirms that the implementation and monitoring of CSR Policy, is in compliance with CSR objectives and Policy
of the Company.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

FOR AND ON BEHALF OF THE BOARD OF

DIRECTORS

Signature

C.V.S. Krishna Kumar

Amit Gossain Klaus Thomas Cawen Whole Time Director

&
Managing
Name , Designation, DIN
Director Director Company Secretary

DIN: 07351940 DIN: 02417329

DIN: 06652406

Place Delhi Helsinki Chennai

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (4)

Description of state of companies affair

The Directors are pleased to present once again very encouraging figures for the period 01st April 2019 to 31st March 2020. The profit before tax
was at Rs. 3,067 Millions. Your Directors are pleased to inform that during the year the state-of-the-art factory set up in PLOT NO A28, SIPCOT-
PILLAPAKKAM INDUSTRIAL PARK, KANCHIPURAM DISTRICT, SRIPERUMBADUR TALUK, VENGADU VILLAGE, PIN-602105 to
cater to the present and future demands of the company was inaugurated. Also the plaque was unveiled by Mr.Banwarilal Purohit Honourable
Governor of Tamilnadu in the presence of. H.E. Mr.Pekka Haavisto Honourable Minister for Foreign Affairs of Finland Mr. M.C.Sampath
Honourable Minister of Industrial Department, Government of Tamilnadu, Mr.Antti Herlin Chariman KONE Corporation, Mr.Henrik Ehrnrooth,
President & CEO, Mr.Axel Berkling , EVP APA from KONE Corporation and Mr.Amit Gossain Managing Director . The manufacturing
operations were smoothly shifted from the existing factory at Vanagaram to the new factory. The registered office was also shifted from the old
factory to the new factory address referred above. The company adopted Ind AS 116 by which the Company recognised lease liabilities in relation
to leases which had previously been classified as 'operating leases' under the principles of Ind AS 17, Leases. These liabilities were measured at
the present value of the remaining lease payments, discounted using the lessee's incremental borrowing rate as of April 1, 2019. The details have
been furnished in the notes to the financial statements for the year ended 31st March 2020. Impact of Covid-19 pandemic The spread of Covid-19
have severely affected the businesses around the globe. In many countries including India, there has been severe disruption to regular operations
due to lock-downs, disruptions in transportations, supply chain, travel bans, quarantines, social distancing and other emergency measures. In spite
of the difficult environment, the operations of the company were carried out remotely with all possible controls and ensured field operations by
the employees with all personal protection equipment’s (PPEs) in order to meet the emergency needs of the customers. The Company has made
detailed assessment of its liquidity position for the next few months and of the recoverability and carrying values of its assets comprising
property, plant and equipment, intangible assets, trade receivables, contract assets and inventories as at the balance sheet date, and has concluded
that there are no material adjustments required to be made in the financial statements. Management has taken into account all the possible impact
of known events arising from Covid-19 pandemic in the preparation of the financial statements. However, the impact assessment of Covid-19 is a
continuing process given the uncertainties associated with its nature and duration. The Company will continue to monitor any material changes to
future economic conditions.

Textual information (5)

Disclosures relating to amount recommended to be paid as dividend

5. DIVIDEND The Board of Directors of your company, after considering holistically the relevant circumstances and keeping in view the
company’s requirement has decided that it would be prudent not to recommend any dividend for the financial year 2019-20.

Textual information (6)

Details regarding energy conservation

13. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO. As required
under section 134(3)(m) of the Companies Act, 2013, read with Rule 8 of the Companies (Accounts) Rules, 2014, the information relating to the
foregoing matters is given by way of Annexure A to this Report.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (7)

Steps taken or impact on conservation of energy [Text block]

CONSERVATION OF ENERGY

PARTICULARS DETAILS

The Company has taken all necessary steps for conservation of energy, necessary capacitor
The steps taken or impact on
banks have been provided for power factor correction to keep energy consumption to the
conservation of energy
minimum.

The steps taken by the Company

for utilising alternate sources of NIL
energy

The capital investment on energy

NIL
conservation equipments

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (8)

Steps taken by the company for utilising alternate sources of energy [Text block]

TECHNOLOGY ABSORPTION

A. POWER AND FUEL CONSUMPTION

Electricity

a) Purchase
Kwh 33,56,372 22,49,260
Units
Rs. 32,215,075 18,494,680
Total Amount
Rs. 9.60 8.22
Rate / Unit

b) Own Generation through Diesel Generator

Units
Kwh 43,995 69,520
Units
Kwh/Ltr 3.20 3.47
Rate / Unit
Rs. 21.34 21.03
c) Others (diesel for boiler etc)

Quantity
Ltrs 14,110 35,835
Total Amount
Rs. 9,84,314 1,869,601
Rate / Unit
Rs. 69.76 52.17

B. CONSUMPTION PER UNIT OF PRODUCTION (PER LIFT)

Electricity

Furnace
Kwh 378.62 209.84
Coal
Ltrs Nil Nil
Diesel Oil
Kgs Nil Nil

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Ltrs 1.57 3.34

Textual information (9)

Details regarding technology absorption

TECHNOLOGY ABSORPTION PARTICULARS DETAILS The efforts made towards technology absorption Continuous training imparted for
the local team by the experts from overseas The benefits derived like product improvement, cost reduction, product development or import
substitution Manufacture of products meeting the local requirements, improvement in process. In case of imported technology (imported during
the last three years reckoned from the beginning of the financial year) - (a) the details of technology imported Existing technology continuously
upgraded (b) the year of import NA (c) whether the technology been fully absorbed NA (d) if not fully absorbed, areas where absorption has not
taken place, and the reasons thereof NA The expenditure incurred on Research and Development NIL Current Period Apr 2019- Mar 2020
Previous Period Apr 2018- Mar 2019 A. POWER AND FUEL CONSUMPTION 1. Electricity a) Purchase Units Total Amount Rate / Unit b)
Own Generation through Diesel Generator Units Units Rate / Unit c) Others (diesel for boiler etc) Quantity Total Amount Rate / Unit B.
CONSUMPTION PER UNIT OF PRODUCTION (PER LIFT) Electricity Furnace Coal Diesel Oil Kwh Rs. Rs. Kwh Kwh/Ltr Rs. Ltrs Rs. Rs.
Kwh Ltrs Kgs Ltrs 33,56,372 32,215,075 9.60 43,995 3.20 21.34 14,110 9,84,314 69.76 378.62 Nil Nil 1.57 22,49,260 18,494,680 8.22 69,520
3.47 21.03 35,835 1,869,601 52.17 209.84 Nil Nil 3.34

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (10)

Efforts made towards technology absorption [Text block]

TECHNOLOGY ABSORPTION

PARTICULARS DETAILS

Continuous training imparted for the local team by

The efforts made towards technology absorption
the experts from overseas

The benefits derived like product improvement, cost reduction, product Manufacture of products meeting the local
development or import substitution requirements, improvement in process.

In case of imported technology (imported during the last three years

reckoned from the beginning of the financial year) -

(a) the details of technology imported Existing technology continuously upgraded

(b) the year of import NA

NA

(c) whether the technology been fully absorbed

(d) if not fully absorbed, areas where absorption has not taken place, and
NA
the reasons thereof

The expenditure incurred on Research and Development NIL

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (11)

Details regarding foreign exchange earnings and outgo

FOREIGN EXCHANGE During the year foreign exchange earnings amounted to Rs.1,884 million. Our products have been received well in the
foreign markets and we expect repeat orders. Foreign exchange outflow is Rs.1,261 towards licenses & Technical fees, Rs.157 Million towards
Trademark License, Rs.82 Million towards other expenses and Value of imports Rs.2160 million

Textual information (12)

Disclosures in director’s responsibility statement

14. DIRECTORS RESPONSIBILITY STATEMENT As required under section 134 (3)(c) of the Companies Act, 2013 i) In the preparation of
annual accounts of the financial year ended 2019-20, the applicable accounting standards had been followed along with proper explanation
relating to material departures. ii) The Directors had selected such accounting policies and applied them consistently and made judgments and
estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company for the financial year ended
2019-20 and of the profit and loss of the Company for that period. iii) The Directors had taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and
detecting fraud and other irregularities. iv) The Directors had prepared the annual accounts of the financial year ended 2019-20 as a going concern
basis. v) The Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively.

Textual information (13)

Details of material changes and commitment occurred during period affecting financial position of company
. MATERIAL CHANGES BETWEEN THE DATE OF THE BOARD REPORT AND END OF THE FINANCIAL YEAR There have been no
material changes and commitments, if any, affecting the financial position of the Company which have occurred between the end of the financial
year of the Company to which the financial statements relate and the date of the report.

Textual information (14)

Particulars of loans guarantee investment under section 186 [Text Block]

19. PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS

During the year under review, the company did not grant any loan or provide any guarantee or did not make any investment as per the provisions
of Sec.186 of the Companies Act 2013.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (15)

Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
18. RELATED PARTY TRANSACTIONS

Transactions with related parties are detailed in Note No.36 of the Financial Statements. All the Related Party Transactions that were entered into
during the financial year were on arm’s length basis and were in the ordinary course of business. All the Related Party Transactions were brought
to the notice of the Board.

Note 36

Related
party
disclosures

List of related parties where control exists

(a)

Holding company KONE OYJ, Finland

Key management personnel

(b) Amit Gossain, Managing Director

C.V.S.Krishna Kumar, Wholetime

Director and Company Secretary

Other related parties with whom

(c) transactions have taken place during the
year

Fellow subsidiaries

Year ended March 31, 2020 Year ended March 31, 2019

KONE AB KONE AB

KONE AG KONE AG

KONE Areeco Ltd. KONE Areeco Ltd.

KONE Belgium S.A. KONE Belgium S.A.

KONE Elevator (M) sdn. bhd. KONE Elevator (M) sdn. bhd.

KONE Elevators Co.

KONE Elevators Co. Ltd.
Ltd.

KONE Elevators South Africa (Pty)

KONE Elevators South Africa (Pty) Ltd
Ltd

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

KONE Inc. (Canada) KONE Inc. (Canada)

KONE Inc. (USA) KONE Inc. (USA)

KONE Industrial Oy KONE Industrial Oy

KONE Industrial S.A. de C.V. KONE Industrial S.A. de C.V.

KONE Industrial
KONE Industrial SPA
SPA

KONE (Ireland)
KONE (Ireland) Limited
Limited

KONE Mexico S.A. de C.V. KONE Mexico S.A. de C.V.

KONE Middle East

KONE Middle East Lcc
Lcc

KONE Plc. KONE Plc.

KONE Pte Ltd. KONE Pte Ltd.

KONÉ S.A. KONÉ S.A.

KONE SSC s.r.o. KONE SSC s.r.o.

Slimpa S.p.A. KPI Elevators Inc.

KONE Elevators and Escalators Sarlau Slimpa S.p.A.

KONE Elevators
KONE Assarain Llc and Escalators
Sarlau

KONE Elevators Co. Llc KONE Assarain Llc

KONE Elevators Co.

KONE Uganda Limited
Llc

KONE Uganda
KONE Export Oy
Limited

KONE Kenya Limited KONE Export Oy

KONE Kenya
KONE Llc
Limited

KONE Deursystemen BV KONE Llc

KONE
KONE Hissit Oy
Deursystemen BV

KONE GmbH KONE Hissit Oy

KONE S.p.A. KONE GmbH

KONE Bahrain S.P.C KONE S.p.A.

KONE Elevators Cyprus Limited KONE Bahrain S.P.C

KONE Elevators
KONE A/S
Cyprus Limited

KONE Aksjeselskap KONE A/S

KONE Aksjeselskap
KONE LTD

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Kone Asansör Sanayi ve Ticaret A.S. KONE LTD

Kone Asansör
SIA KONE Lifti Latvija Sanayi ve Ticaret
A.S.

SIA KONE Lifti

UAB KONE
Latvija

JSC KONE Lifts UAB KONE

KONE B.V. JSC KONE Lifts

AS KONE KONE B.V.

KONE Elevadores S.A. AS KONE

KONE Elevadores
KONE (Schweiz) AG
S.A.

KONE
KONE a.s.
(Schweiz) AG

KONE Felvonó Kft KONE a.s.

KONE Felvonó
KONE Sp.zo.o.
Kft

KONE
KONE d.o.o.
Sp.zo.o.

KONE Industrial - koncern s.r.o. KONE d.o.o.

KONE Industrial - koncern

KONE Public Company Limited
s.r.o.

KPI Elevators Inc.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (16)

Disclosure of extract of annual return as provided under section 92(3) [Text Block]
KONE ELEVATOR INDIA PRIVATE LIMITED

ANNEXURE TO THE DIRECTORS’ REPORT: ANNEXURE-B

EXTRACT OF THE ANNUAL RETURN IN FORM MGT-9:

FORM NO.MGT-9

EXTRACT OF ANNUAL RETURN

as on the financial year ended on 31.03.2020

Pursuant to section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies (Management and Administration) Rules,
2014

I. REGISTRATION & OTHER DETAILS:

i. CIN U29141TN1984FTC010913

ii. Registration Date 12.06.1984

iii. Name of the Company KONE Elevator India Pvt Ltd

Company limited by Shares

iv. Category / Sub Category of the Company
Subsidiary of Foreign Company

Plot No: A 28

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

SIPCOT Industrial Park,

Pillaipakkam,

Sriperumbudur Taluk,
v. Address of Registered office and contact details
Kancheepuram District

602105

Tamilnadu

[email protected]

vi. Whether listed company No

vii. Name, Address & contact details of the Registrar & Transfer Agent, if any. Not applicable

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

All business activities contribution 10% or more of the total turnover of the company shall be stated

NIC Code of the % to Total Turnover of

Sl.No Name and Description of the products / services
product /service the Company

Manufacture, erection, commissioning and installation of lifts,

1 4354001 to 4354003 59.65%
escalators and moving walkways

2 Maintenance and repair service of elevators and escalators 99871570 30.21%

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

III. PARTICULARS OF HOLDING, SUBSIDIARY & ASSOCIATE COMPANIES

S.No Name and Address of the Company CIN/GLN Holding / Subsidiary / Associate % of Shares Applicable section

1 KONE OYJ, Finland NA Holding 99.999 2(46)

The company does not have any associate or subsidiary company

IV. SHARE HOLDING PATTERN (Equity share capital break up as % to total Equity)

i. Category-wise Share Holding

No of Shares No of Shares
% change
Category of held at the held at the
during the
Shareholders beginning of end of the
year
the year year

% of % of
Demat Physical Total Demat Physical Total
Shares Shares

A. Promoters

Foreign Bodies
34,947,195 34,947,195 100% 34,947,195 34,947,195 100% NIL
Corporate

B .Public
NIL NIL NIL
Shareholding

C.Shares held

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

by custodian of NIL NIL NIL

GDRs & ADRs

Grand Total
34,947,195 34,947,195 100% 34,947,195 34,947,195 100%
(A+B+C)

ii. Shareholding of promoters

Shareholding
Shareholder’s Shareholding
at the
Sl.No at the end of
beginning of
Name the year
the year

% of %of Shares % change

%of Shares
% of total total Pledged/ in share
Pledged/ No of
No of Shares shares of the shares encumbered holding
encumbered to Shares
company of the to total during the
total shares
company shares year

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

1 KONE OYJ 34,946,961 99.999% NIL 34,946,961 99.999% NIL NIL

2 Finescal OY 234 0.001% NIL 234 0.001% NIL NIL

Total 34,947,195 100% 34,947,195 100%

iii. Change in promoter’s shareholding (specify if there is no change)

Shareholding Cumulative
at the Shareholding
Sl.No.
beginning of during the
the year year

% of
% of total total
No of
No of Shares shares of the Shares
Shares
company of the
company

1 At the beginning of the year 34,947,195 100% 34,947,195 100%

Date wise increase / decrease in Promoters shareholding

No Change
during the year specifying the reasons for increase /
2 during the
decrease (e.g. allotment / transfer / bonus /sweat equity
year
etc):

3 At the end of the year 34,947,195 100% 34,947,195 100%

iv. Shareholding pattern of top ten shareholders (other than Directors, Promoters and Holders of GDRs and ADRs): Not applicable

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

v. Shareholding of Directors and Key Managerial Personnel (KMP): None

V. INDEBTEDNESS

Secured Loans excluding Unsecured Total

Deposits
deposits Loans Indebtedness

Indebtedness at the beginning of the financial

year

i)Principal Amount

ii)Interest due but not paid

iii)Interest accrued but not due

Total (i+ii+iii)

Change in Indebtedness during the financial

year Not Applicable

Addition Reduction

Net Change

Indebtedness at the end of the financial year

i)Principal Amount

ii)Interest due but not paid

iii)Interest accrued but not due

Total (i+ii+iii)

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Remuneration to Managing Director, Whole-time Directors and / or Manager:

(All amounts in Rs.million)

Name of MD / WTD /
Sl.No Particulars of Remuneration Total Amount
Manager

Amit Gossain CVS.Krishnakuamr-WTD &

Managing Director Company Secretary

Gross Salary

(a) Salary as per provision contained in Sec 17(1) of

the Income tax Act,1961
1 26 7 33
(b) Value of perquisites u/s 17(2) of the Income tax
Act 1961

(c) Profits in lieu of salary under section 17(3) Income

tax Act 1961

2 Stock Option

3 Sweat Equity

Commission

4 -as % of profit

-others, specify

5 Others, please specify

Total (A) 26 7 33

Ceiling as per the Act Not Applicable

Remuneration to other Directors: None Remuneration to Key Managerial Personnel other than MD / Manager / WTD: None

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

VII. PENALTIES / PUNISHMENT / COMPOUNDING OF OFFENCES

Section of the Details of Penalty / Authority [RD / Appeal made, if

Type Companies Brief Description Punishment/ Compounding NCLT / any (give
Act fees imposed COURT] details)

Penalty

No such issues to
Punishment report during the
year.

Compounding

C.OTHER
OFFICERS IN
DEFAULT

Penalty

Punishment

Compounding

FOR AND ON BEHALF OF THE BOARD OF

DIRECTORS

Signature

C.V.S. Krishna Kumar

Amit Gossain Klaus Thomas Cawen Whole Time Director

&
Managing
Name , Designation, DIN
Director Director Company Secretary

DIN: 07351940 DIN: 02417329

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

DIN: 06652406

Place Delhi Helsinki Chennai

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (17)

Disclosure for companies covered under section 178(1) on directors appointment and remuneration including other
matters provided under section 178(3) [Text Block]
I. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

Remuneration to Managing Director, Whole-time Directors and / or Manager:

(All amounts in Rs.million)

Name of MD / WTD /
Sl.No Particulars of Remuneration Total Amount
Manager

Amit Gossain CVS.Krishnakuamr-WTD &

Managing Director Company Secretary

Gross Salary

(a) Salary as per provision contained in Sec 17(1) of

the Income tax Act,1961
1 26 7 33
(b) Value of perquisites u/s 17(2) of the Income tax
Act 1961

(c) Profits in lieu of salary under section 17(3) Income

tax Act 1961

2 Stock Option

3 Sweat Equity

Commission

4 -as % of profit

-others, specify

5 Others, please specify

Total (A) 26 7 33

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Ceiling as per the Act Not Applicable

Remuneration to other Directors: None Remuneration to Key Managerial Personnel other than MD / Manager / WTD: None

Textual information (18)

Disclosure of statement on development and implementation of risk management policy [Text Block]
RISK MANAGEMENT:

During the year under review, the Company had developed and implemented risk assessment policy. Given the asset base and the portfolio of
investments made by the Company, the Board is of the opinion that there are no major risks affecting the existence of the Company. The financial
risk management and Capital Risk Management are given in detailed in Note No.29A and 29B of the Financial Statement.

Textual information (19)

Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
CORPORATE SOCIAL RESPONSIBILITY

The Company had to spend Rs. 58 Millions towards CSR activities computed as per the requirements of Section 135 of the Companies Act, 2013
read with Schedule VII. Due to the delay in the process of evaluating various projects covering the activities specified under CSR, the
Management has spent Rs.0.46 millions during the current year. However, efforts are being taken for identification of projects and steps are
taken to undertake CSR activities in entirety.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (20)

Disclosure of financial summary or highlights [Text Block]

1.FINANCIAL RESULTS (Rs. In Million)

Apr Apr
2019 2018

PARTICULARS to to

Mar Mar
2020 2019

Total revenue (Gross) 19,671 20,310

Profit before depreciation and interest 3,756 3,116

Less: Depreciation and amortization 648 345

Less: Interest 41 8

Profit before Tax 3,067 2,763

Less: Provision for Tax including Deferred Tax Asset 1,000 1,003

Profit after Tax 2,067 1,760

Add: Brought Forward Profit from Previous Year & Other adjustments 2,629 2,125

Add: Change in Accounting policy

in FY 2018-19 1,041

Less: Tax impact due to change in 0 678

Accounting Policy 363

Add: Other Comprehensive Income arising from re-measurements of post-employment benefit obligations

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

& Income tax thereon (58) 4

Profit / (Loss) for Appropriation 4,638 4,567

Appropriations:

a) General Reserve 0 0

b) Dividend on equity shares 0 1,608

FY 2018-19 -Rs. 1,608 towards Final Dividend for 2017-18

c) Tax on dividend
0 330

Balance Carried to Balance Sheet 4,638 2,629

Textual information (21)

Details relating to deposits covered under chapter v of companies act [Text Block]
The company has not accepted any deposits during the year. The provisions of Section 73 of the Companies Act, 2013 and Companies
(Acceptance of Deposits) Rules 2014 are not applicable to the Company.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (22)

Details of significant and material orders passed by regulators or courts or tribunals impacting going concern status
and company’s operations in future [Text Block]
During the year there were no significant and material orders passed by the regulators or courts or tribunals, impacting the going concern status
and company’s operations in future.

Textual information (23)

Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
The company has designed a proper and adequate internal finacial control system to ensure, adherence to company’s policies , assets are
safeguarded, and that transactions are accurate, complete and properly authorised prior to recording. information provided to management is
reliable and timely, and statutory obligations are adhered to.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (24)

Disclosure of contents of corporate social responsibility policy [Text Block]

ANNEXURE-C

CORPORATE SOCIAL RESPONSIBILITY

A brief outline of the company's CSR policy, including overview of projects or programs proposed to be undertaken:

Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation (including contribution to the
Swachh Bharat Kosh set-up by the Central Government for the promotion of sanitation) and making available safe drinking water. Promoting
education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently
abled and livelihood enhancement projects. Promoting gender equality, empowering women, setting up homes and hostels for women and
orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by
socially and economically backward groups. Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal
welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water [including contribution to the Clean Ganga
Fund set-up by the Central Government for rejuvenation of river Ganga] Protection of national heritage, art and culture including restoration of
buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional art and
handicrafts; Measures for the benefit of armed forces veterans, war widows and their dependents; Training to promote rural sports, nationally
recognized sports, Paralympic sports and Olympic sports Contribution to the prime minister's national relief fund or any other fund set up by the
central govt. for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women;
Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government.
Rural development projects. Slum area development. Disaster management, including relief, rehabilitation and reconstruction activities.

2. The Composition of the CSR Committee: Three Directors consisting of Mr Amit Gossain Managing Director, Mr Klaus Thomas Cawen,
Director and Mr CVS Krishnakumar Wholetime Director

3. Average net profit of the company for last three financial years: Rs 2,914 Millions

4. Prescribed CSR Expenditure (two per cent of the amount as in item 3 above) ; Rs 58 Millions

5. Details of CSR spent during the financial year

Ø Total amount spent for the financial year: Rs 0.46 millions

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Ø Amount unspent, if any: Rs.57.54 millions

Ø Manner in which the amount spent during the financial year is detailed below-

Rs. in millions

Amount spent on the

Amount
Projects or programs (1) projects or programs, Cumulative Amount
CSR Sector in outlay
Local area or other (2) subheads (1) Direct expenditure spent Direct
Project or which the (budget)
Sl.No Specify the state and expenditure on upto the or through
Activity Project is project or
district where projects or projects or programs reporting implementing
identified covered programs
programs was undertaken period agency
wise
(2) Overheads

Single Teacher Schools in

Promoting and around Sriperumbudur
Education 0.46 0.46 0.46 Direct
education area Kanchipuram District
Tamilnadu

Textual information (25)

Disclosure of other reasons if company fails to spend prescribed amount on CSR

Reasons for not spending the prescribed CSR expenditure: The company is in the process of identifying areas in which it might propose to spend
the CSR amount. Upon identifying appropriate areas, it may spend on such CSR activities.

[700500] Disclosures - Signatories of financial statements

Details of directors signing financial statements [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Directors signing financial statements [Axis] Column 1 Column 2 Column 3
01/04/2019 01/04/2019 01/04/2019
to to to
31/03/2020 31/03/2020 31/03/2020
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
KLAUS THOMAS
First name of director AMIT
CAWEN
CHITTATOORVEERAVALLI

Middle name of director KRISHNAKUMAR

Last name of director GOSSAIN SESHADRI
Whole Time Director and
Designation of director Managing Director Director
Company Secretary
Director identification number of director 07351940 02417329 06652406
Date of signing of financial statements by director 08/09/2020 08/09/2020 08/09/2020

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[700400] Disclosures - Auditors report

Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Auditor's Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark disclaimer remark applicable
[Member] [Member] [Member]
01/04/2019 01/04/2019 01/04/2019
to to to
31/03/2020 31/03/2020 31/03/2020
Disclosure of auditor's qualification(s), reservation(s) or adverse
remark(s) in auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or
adverse remark(s) in auditors' report [LineItems]
Textual information
Disclosure in auditors report relating to fixed assets (26) [See below]
The Company is
maintaining proper
records showing full
particulars, inc
Disclosure relating to quantitative details of fixed assets luding quantitative
details and situation,
of property, plant
and equipment.
Disclosure relating to physical verification and material Textual information
discrepancies of fixed assets (27) [See below]
The title deeds of
immovable
properties, as
disclosed in Note 3
on property, plant
Disclosure relating to title deeds of immovable properties and equipment to the
Ind AS financial
statements, are held
in the name of the
Company.
The discrepancies
noticed on physical
verification of
Disclosure in auditors report relating to inventories inventory as
compared to book
records were not
material.
During the year
under review, the
company did not
grant any loan or
provide any
Disclosure in auditors report relating to loans guarantee or did not
ma k e a n y
investment as per the
provisions of
Sec.186 of the
Companies Act 2013
Disclosure about loans granted to parties covered under Textual information
section 189 of companies act (28) [See below]
Textual information
Disclosure relating to terms and conditions of loans granted (29) [See below]
Textual information
Disclosure regarding receipt of loans granted (30) [See below]
Textual information
Disclosure regarding terms of recovery of loans granted (31) [See below]
Disclosure in auditors report relating to compliance with Textual information
Section 185 and 186 of Companies Act, 2013 (32) [See below]
The Company has
not accepted any
deposits from the
public within
themeaning of
Disclosure in auditors report relating to deposits accepted Sections 73, 74, 75
and 76 of the Act
and the Rules framed
there under to the
extent notified.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure in auditors report relating to maintenance of cost Textual information

records (33) [See below]
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (34) [See below]
Disclosure relating to regularity in payment of undisputed Textual information
statutory dues [TextBlock] (35) [See below]
Textual information
Disclosure relating to disputed statutory dues [TextBlock] (36) [See below]
Disclosure in auditors report relating to default in repayment of Textual information
financial dues (37) [See below]
Disclosure in auditors report relating to public offer and Textual information
term loans used for purpose for which those were raised (38) [See below]
Disclosure in auditors report relating to fraud by the
Textual information
company or on the company by its officers or its (39) [See below]
employees reported during period
The provisions of
Section 197 read
with Schedule V to
the Act are
applicable only to
Disclosure in auditors report relating to managerial remuneration public companies.
Accordingly, the
provisions of Clause
3(xi) of the Order are
not applicable to the
Company.
As the Company is
not a Nidhi
Company and the
Nidhi Rules, 2014
are not applicable to
Disclosure in auditors report relating to Nidhi Company it, the provisions of
Clause 3(xii) of the
Order are not
applicable to the
Company.
The Company has
not entered into any
non-cash
transactions with its
directors or persons
Disclosure in auditors report relating to transactions with related
connected with him.
parties Accordingly, the
provisions of Clause
3(xv) of the Order
are not applicable to
the Company.
Disclosure in auditors report relating to preferential
Textual information
allotment or private placement of shares or convertible (40) [See below]
debentures
Disclosure in auditors report relating to non-cash Textual information
transactions with directors or persons connected with him (41) [See below]
The Company is not
required to be
registered under
Section 45-IA of the
Reserve Bank of
Disclosure in auditors report relating to registration
India Act, 1934.
under section 45-IA of Reserve Bank of India Act, 1934 Accordingly, the
provisions of Clause
3(xvi) of the Order
are not applicable to
the Company.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details regarding auditors [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
DETAILS OF
Auditors [Axis]
AUDITOR
01/04/2019
to
31/03/2020
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Price Waterhouse
Name of audit firm Cha r t e r ed
Accountants LLP
Name of auditor signing report Sandeep Chaddha
Firms registration number of audit firm 012754N/N500016
Membership number of auditor 096137
8TH FLOOR DOOR
NO 129-140
PRESTIGE
Address of auditors PALLADIUM
GREAMS ROAD
CHENNAI 600006
INDIA
Permanent account number of auditor or auditor's firm AAFFP3698A
SRN of form ADT-1 G55673487
Date of signing audit report by auditors 08/09/2020
Date of signing of balance sheet by auditors 08/09/2020

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2019
to
31/03/2020
Textual information (42)
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks

Textual information (26)

Disclosure in auditors report relating to fixed assets

The Company is maintaining proper records showing full particulars, including quantitative details and situation, of property, plant and
equipment. (b) The property, plant and equipment are physically verified by the management according to a phased programme designed to cover
all the items over a period of 3 years which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets.
Pursuant to the programme, a portion of the property, plant and equipment has been physically verified by the management during the year and no
material discrepancies have been noticed on such verification. (c) The title deeds of immovable properties, as disclosed in Note 3 on property,
plant and equipment to the Ind AS financial statements, are held in the name of the Company.

Textual information (27)

Disclosure relating to physical verification and material discrepancies of fixed assets

The property, plant and equipment are physically verified by the management according to a phased programme designed to cover all the items
over a period of 3 years which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. Pursuant to the
programme, a portion of the property, plant and equipment has been physically verified by the management during the year and no material
discrepancies have been noticed on such verification.

Textual information (28)

Disclosure about loans granted to parties covered under section 189 of companies act
The Company has not granted any loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or other parties covered in the
register maintained under Section 189 of the Act.Therefore, the provisions of Clause 3(iii), (iii)(a), (iii)(b) and (iii)(c) of the Order are not
applicable to the Company.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (29)

Disclosure relating to terms and conditions of loans granted

The Company has not granted any loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or other parties covered in the
register maintained under Section 189 of the Act.Therefore, the provisions of Clause 3(iii), (iii)(a), (iii)(b) and (iii)(c) of the Order are not
applicable to the Company.

Textual information (30)

Disclosure regarding receipt of loans granted

The Company has not granted any loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or other parties covered in the
register maintained under Section 189 of the Act.Therefore, the provisions of Clause 3(iii), (iii)(a), (iii)(b) and (iii)(c) of the Order are not
applicable to the Company.

Textual information (31)

Disclosure regarding terms of recovery of loans granted

The Company has not granted any loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or other parties covered in the
register maintained under Section 189 of the Act.Therefore, the provisions of Clause 3(iii), (iii)(a), (iii)(b) and (iii)(c) of the Order are not
applicable to the Company.

Textual information (32)

Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
The Company has not granted any loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or other parties covered in the
register maintained under Section 189 of the Act. Therefore, the provisions of Clause 3(iii), (iii)(a), (iii)(b) and (iii)(c) of the Order are not
applicable to the Company.

Textual information (33)

Disclosure in auditors report relating to maintenance of cost records

Pursuant to the rules made by the Central Government of India, the Company is required to maintain cost records as specified under Section
148(1) of the Act in respect of its products. We have broadly reviewed the same, and are of the opinion that, prima facie, the prescribed accounts
and records have been made and maintained. We have not, however, made a detailed examination of the records with a view to determine whether
they are accurate or complete.

Textual information (34)

Disclosure in auditors report relating to statutory dues [Text Block]

According to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Company is
generally regular in depositing the undisputed statutory dues in respect of income tax, provident fund and employees’ state insurance, though
there has been a slight delay in a few cases, and is regular in depositing undisputed statutory dues, including sales tax, service tax, duty of
customs, duty of excise, value added tax (VAT), cess, goods and services tax and other material statutory dues, as applicable, with the appropriate
authorities.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (35)

Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]

According to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Company is
generally regular in depositing the undisputed statutory dues in respect of income tax, provident fund and employees’ state insurance, though
there has been a slight delay in a few cases, and is regular in depositing undisputed statutory dues, including sales tax, service tax, duty of
customs, duty of excise, value added tax (VAT), cess, goods and services tax and other material statutory dues, as applicable, with the appropriate
authorities.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (36)

Disclosure relating to disputed statutory dues [Text Block]

According to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Company is
generally regular in depositing the undisputed statutory dues in respect of income tax, provident fund and employees’ state insurance, though
there has been a slight delay in a few cases, and is regular in depositing undisputed statutory dues, including sales tax, service tax, duty of
customs, duty of excise, value added tax (VAT), cess, goods and services tax and other material statutory dues, as applicable, with the appropriate
authorities.

According to the information and explanations given to us and the records of the Company examined by us, there are no dues of duty of customs,
duty of excise and goods and services tax which have not been deposited on account of any dispute. The particulars of dues of income tax, sales
tax, service tax and value added tax (VAT) as at March 31, 2020 which have not been deposited on account of a dispute, are as follows:

Period to which the Forum where the

Name of the statute Nature of dues Amount (Rs. in Million)*
amount relates dispute is pending

Kerala General Sales Tax

Sales Tax 0.46 1999-2000 Deputy Commissioner
Act, 1963

Assistant
2002-03 and April 2003 Commissioner
Central Sales Tax Act, 1956 Sales Tax 446.33
to December 2003

Delhi Sales Tax Act, 1975 Sales Tax 9.27 2002-03 Joint Commissioner

Additional
11.54 2003-04
Commissioner

Tamil Nadu General Sales Tamil Nadu Sales Tax

Sales Tax 34.38 1997-98
Tax Act, 1959 Tribunal

Appellate Assistant
Orissa Sales Tax Act, 1947 Sales Tax 0.75 2002-03
Commissioner

Orissa Sales Tax

0.14 2004-05
Tribunal

Orissa Sales Tax

Orissa VAT Act, 2005 VAT 2.71 2005-06 to 2009-10
Tribunal

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

July 2007 to May 2008 Customs, Excise and

Finance Act, 1994 Service Tax 784.32 and July 2012 to Service Tax Appellate
December 2014 Tribunal

March 2015 to
1.14 Commissioner Appeals
June 2017

July 2003 to
16.20 Supreme Court
December 2003

Office of the
80.49 2009-14 Commissioner of GST
and Central Excise

2002-03 and 2006-07 to

Income Tax Act, 1961 Income Tax 362.73 Assessing Officer
2009-10

Income Tax Appellate

209.28 2014-15
Tribunal

8.34 2007-08 High Court

Uttar Pradesh Trade Tax

Sales Tax 1.71 2006-07 Joint Commissioner
Act, 1948

0.79 2007-08 Deputy Commissioner

Central Sales Tax Act, 1956 Sales Tax 0.60 2006-07 Joint Commissioner

Delhi VAT Act, 2004 VAT 1.62 2005-06 Commissioner

Department of Trade
61.92 2015-16
and Taxes

Maharashtra VAT Act, 2002 VAT 50.44 2007-08 to 2012-13 Maharashtra Tribunal

2013-14 and
81.26 Joint Commissioner
2014-15

112
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

120.28 2015-16 Deputy Commissioner

of State Tax

Tamil Nadu VAT Act, 2006 VAT 6.92 2012-13 and 2013-14 Joint Commissioner

Additional
0.13 2013-14
Commissioner

2007-08 to
2011-12 and Assistant
10.15
2013-14 to Commissioner
2015-16

West Bengal VAT Act, 2003 VAT

1.47 2006-07 and 2007-08 Joint Commissioner

2007-08 to
5.24 West Bengal Tribunal
2010-11

1.56 2016-17 Assessing Officer

Joint Excise and

Taxation
Haryana VAT Act, 2003 VAT 0.56 2005-06
Commissioner
(Appeals)

Excise and Taxation

1.00 2006-07
Officer

2005-06 to 2007-08 and

Andhra Pradesh VAT Act, Deputy Commissioner
VAT 2.79 July 2015 to August
2005 (Appeal)
2016

Additional
Uttar Pradesh VAT Act,
VAT 15.68 2011-12 to 2013-14 Commissioner Grade
2008
2 (Appeal - 1)

2015-16 and
137.08 Assessing Officer
2016-17

Telangana VAT Act, 2005 VAT 8.47 2013-14 to 2015-16 Deputy Commissioner

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

2016-17 and Assistant

5.14
2017-18 Commissioner

July 2015 to August Joint Commissioner

Karnataka VAT Act, 2003 VAT 2.12
2016 (Appeals)

Commissioner
Rajasthan VAT Act, 2003 VAT 5.69 2008-09
Appeals

2006-07 and
10.50 High Court
2007-08

Uttar Pradesh Tax on Entry

of Goods into Local Areas VAT 0.05 2015-16 Assessing Officer
Act, 2007

Central Sales Tax Act, 1956 Sales Tax 1.45 2016-17 Assessing Officer

*Disputed amount considered above is net of Rs. 92.69 Million paid under protest.

Textual information (37)

Disclosure in auditors report relating to default in repayment of financial dues

As the Company does not have any loans or borrowings from any financial institution or bank or Government, nor has it issued any debentures as
at the balance sheet date, the provisions of Clause 3(viii) of the Order are not applicable to the Company.

Textual information (38)

Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
The Company has not raised any moneys by way of initial public offer, further public offer (including debt instruments) and term loans.
Accordingly, the provisions of Clause 3(ix) of the Order are not applicable to the Company.

Textual information (39)

Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
During the course of our examination of the books and records of the Company, carried out in accordance with the generally accepted auditing
practices in India, and according to the information and explanations given to us, we have neither come across any instance of material fraud by
the Company or on the Company by its officers or employees, noticed or reported during the year, nor have we been informed of any such case by
the management.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (40)

Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible
debentures
The Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year
under review. Accordingly, the provisions of Clause 3(xiv) of the Order are not applicable to the Company.

Textual information (41)

Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him
The Company has not entered into any n o n - c a s h transactions with its directors or persons connected with him. Accordingly, the provisions of
Clause 3(xv) of the Order are not applicable to the Company.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (42)

Disclosure in auditor’s report explanatory [Text Block]

Independent Auditors’ Report To the Members of KONE Elevator India Private Limited Report on the Audit of the Indian Accounting
Standards (Ind AS) Financial Statements

Opinion

1. We have audited the accompanying Ind AS financial statements of KONE Elevator India Private Limited (“the Company”), which
comprise the Balance Sheet as at March 31, 2020, the Statement of Profit and Loss (including Other Comprehensive Income), the Statement of
Changes in Equity and the Statement of Cash Flows for the year then ended, and notes to the Ind AS financial statements, including a summary of
significant accounting policies and other explanatory information.

2. In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Ind AS financial statements
give the information required by the Companies Act, 2013 (“the Act") in the manner so required and give a true and fair view in conformity with
the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2020, and its total comprehensive
income (comprising of profit and other comprehensive income), changes in equity and its cash flows for the year then ended.

Basis for Opinion

3. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act. Our
responsibilities under those Standards are further described in the Auditors’ Responsibilities for the Audit of the Ind AS Financial Statements
section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants
of India together with the ethical requirements that are relevant to our audit of the Ind AS financial statements under the provisions of the Act and
the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We
believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter

4. We draw your attention to Note 44 to the Ind AS financial statements, which describes the management’s assessment of the impact of the
outbreak of Coronavirus (Covid-19) on the business operations of the Company. The management believes that no adjustments are required in the
Ind AS financial statements as it does not impact the current financial year, however, in view of the various preventive measures taken (such as
complete lock-down restrictions by the Government of India, travel restrictions etc.) and highly uncertain economic environment, a definitive
assessment of the impact on the subsequent periods is highly dependent upon circumstances as they evolve.

Our opinion is not modified in respect of this matter.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Other Information

5. The Company’s Board of Directors is responsible for the other information. The other information comprises the information included in
the Directors’ report, but does not include the Ind AS financial statements and our auditors’ report thereon.

Our opinion on the Ind AS financial statements does not cover the other information and we do not express any form of assurance conclusion
thereon.

In connection with our audit of the Ind AS financial statements, our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent with the Ind AS financial statements or our knowledge obtained in the audit or otherwise
appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other
information, we are required to report that fact.

We have nothing to report in this regard.

Responsibilities of Management and Those Charged With Governance for the Ind AS Financial Statements

6. The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Act with respect to the preparation of these
Ind AS financial statements that give a true and fair view of the financial position, financial performance, changes in equity and cash flows of the
Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section
133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for
safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of
appropriate accounting policies; making judgements and estimates that are reasonable and prudent; and design, implementation and maintenance
of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records,
relevant to the preparation and presentation of the Ind AS financial statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error.

7. In preparing the Ind AS financial statements, management is responsible for assessing the Company’s ability to continue as a going
concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either
intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Those Board of Directors are also responsible
for overseeing the Company’s financial reporting process.

Auditors’ Responsibilities for the Audit of the Ind AS Financial Statements

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

8. Our objectives are to obtain reasonable assurance about whether the Ind AS financial statements as a whole are free from material
misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of
assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of users taken on the basis of these Ind AS financial statements.

9. As part of an audit in accordance with SAs, we exercise professional judgement and maintain professional skepticism throughout the audit.
We also:

· Identify and assess the risks of material misstatement of the Ind AS financial statements, whether due to fraud or error, design and perform
audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk
of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control.

· Obtain an understanding of internal controls relevant to the audit in order to design audit procedures that are appropriate in the
circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate
internal financial controls with reference to Ind AS financial statements in place and the operating effectiveness of such controls.

· Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by
management.

· Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained,
whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a
going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures
in the Ind AS financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence
obtained up to the date of our auditors’ report. However, future events or conditions may cause the Company to cease to continue as a going
concern.

· Evaluate the overall presentation, structure and content of the Ind AS financial statements, including the disclosures, and whether the Ind
AS financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

10. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and
significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Report on Other Legal and Regulatory Requirements

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

11. As required by ‘the Companies (Auditor’s Report) Order, 2016’ (“the Order”), issued by the Central Government of India in terms of
sub-section (11) of Section 143 of the Act, we give in the Annexure B a statement on the matters specified in paragraphs 3 and 4 of the Order, to
the extent applicable.

12. As required by Section 143(3) of the Act, we report that:

(a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purposes of our audit.

(b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of
those books, except that the back-up of the books of account and other books and papers maintained in electronic mode has not been maintained
on servers physically located in India.

(c) The Balance Sheet, the Statement of Profit and Loss (including Other Comprehensive Income), the Statement of Changes in Equity and the
Statement of Cash Flows dealt with by this Report are in agreement with the books of account.

(d) In our opinion, the aforesaid Ind AS financial statements comply with the Accounting Standards specified under Section 133 of the Act .

(e) On the basis of the written representations received from the directors as on March 31, 2020 taken on record by the Board of Directors, none
of the directors is disqualified as on March 31, 2020 from being appointed as a director in terms of Section 164(2) of the Act.

(f) With respect to the maintenance of accounts and other matters connected therewith, reference is made to our comment in paragraph 12(b)
above that the back-up of the books of account and other books and papers maintained in electronic mode has not been maintained on servers
physically located in India.

(g) With respect to the adequacy of the internal financial controls with reference to Ind AS financial statements of the Company and the
operating effectiveness of such controls, refer to our separate Report in Annexure A.

(h) With respect to the other matters to be included in the Auditors’ Report in accordance with Rule 11 of the Companies (Audit and Auditors)
Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

i. The Company has disclosed the impact of pending litigations on its financial position in its Ind AS financial statements - Refer Note 13B
to the Ind AS financial statements.

ii. The Company has long-term contracts as at March 31, 2020 for which there no material foreseeable losses. The Company did not have any
long-term derivative contracts as at March 31, 2020.

iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company during the
year ended March 31, 2020.

iv. The reporting on disclosures relating to Specified Bank Notes is not applicable to the Company for the year ended March 31, 2020.

13. The provisions of Section 197 read with Schedule V to the Act are applicable only to public companies. Accordingly, reporting under
Section 197(16) of the Act is not applicable to the Company.

For Price Waterhouse Chartered Accountants LLP

Firm Registration Number: 012754N/N500016

Chartered Accountants

Sandeep Chaddha

Partner

Place: Chennai Membership Number: 096137

Date: September 8, 2020 UDIN: 20096137AAAACQ4802

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[700700] Disclosures - Secretarial audit report

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019
to
31/03/2020
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[110000] Balance sheet

Unless otherwise specified, all monetary values are in Millions of INR
31/03/2020 31/03/2019 31/03/2018
Balance sheet [Abstract]
Assets [Abstract]
Non-current assets [Abstract]
Property, plant and equipment 4,773 942 1,060
Capital work-in-progress 293 2,509
Other intangible assets 14 7 9
Non-current financial assets [Abstract]
Non-current investments 0 0
Loans, non-current 132 158
Other non-current financial assets 0 0
Total non-current financial assets 132 158
Deferred tax assets (net) 740 859
Other non-current assets 1,676 1,045
Total non-current assets 7,628 5,520
Current assets [Abstract]
Inventories 1,368 1,268
Current financial assets [Abstract]
Current investments 0 0
Trade receivables, current 3,141 2,771
Cash and cash equivalents 773 1,571
Bank balance other than cash and cash equivalents 26 29
Loans, current 130 83
Other current financial assets 30 55
Total current financial assets 4,100 4,509
Other current assets 1,783 1,966
Total current assets 7,251 7,743
Total assets 14,879 13,263
Equity and liabilities [Abstract]
Equity [Abstract]
Equity attributable to owners of parent [Abstract]
Equity share capital 349 349 349.47195
Other equity 5,446 3,444
Total equity attributable to owners of parent 5,795 3,793
Total equity 5,795 3,793
Liabilities [Abstract]
Non-current liabilities [Abstract]
Non-current financial liabilities [Abstract]
Borrowings, non-current 0 0
Other non-current financial liabilities 379 0
Total non-current financial liabilities 379 0
Provisions, non-current 54 115
Other non-current liabilities 197 152
Total non-current liabilities 630 267
Current liabilities [Abstract]
Current financial liabilities [Abstract]
Borrowings, current 0 0
Trade payables, current 1,854 2,812
Other current financial liabilities 1,239 941
Total current financial liabilities 3,093 3,753
Other current liabilities 5,107 5,217
Provisions, current 254 233
Total current liabilities 8,454 9,203
Total liabilities 9,084 9,470
Total equity and liabilities 14,879 13,263

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[210000] Statement of profit and loss

Earnings per share [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Statement of profit and loss [Abstract]
Earnings per share explanatory [TextBlock]
Earnings per share [Abstract]
Earnings per share [Line items]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations [INR/shares] 59.155 [INR/shares] 50.36
Basic earnings (loss) per share from discontinued operations [INR/shares] 0 [INR/shares] 0
Total basic earnings (loss) per share [INR/shares] 59.16 [INR/shares] 50.36
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations [INR/shares] 59.155 [INR/shares] 50.36
Diluted earnings (loss) per share from discontinued operations [INR/shares] 0 [INR/shares] 0
Total diluted earnings (loss) per share [INR/shares] 59.16 [INR/shares] 50.36

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Statement of profit and loss [Abstract]
Income [Abstract]
Revenue from operations 19,496 19,950
Other income 175 360
Total income 19,671 20,310
Expenses [Abstract]
Cost of materials consumed 6,620 8,119
Changes in inventories of finished goods, work-in-progress and
-30 -115
stock-in-trade
Employee benefit expense 4,009 3,375
Finance costs 41 8
Depreciation, depletion and amortisation expense 648 345
Other expenses 5,316 5,815
Total expenses 16,604 17,547
Profit before exceptional items and tax 3,067 2,763
Total profit before tax 3,067 2,763
Tax expense [Abstract]
Current tax 862 1,033
Deferred tax 138 -30
Total tax expense 1,000 1,003
Total profit (loss) for period from continuing operations 2,067 1,760
Total profit (loss) for period 2,067 1,760
Comprehensive income OCI components presented net of tax [Abstract]
Whether company has other comprehensive income OCI components
Yes Yes
presented net of tax
Other comprehensive income net of tax [Abstract]
Components of other comprehensive income that will not be
reclassified to profit or loss, net of tax [Abstract]
Other comprehensive income, net of tax, gains (losses) on
-58 4
remeasurements of defined benefit plans
Total other comprehensive income that will not be reclassified
-58 4
to profit or loss, net of tax
Total other comprehensive income that will be reclassified to
0 0
profit or loss, net of tax
Total other comprehensive income -58 4
Total comprehensive income 2,009 1,764
Comprehensive income OCI components presented before tax [Abstract]
Whether company has comprehensive income OCI components presented
Yes Yes
before tax
Other comprehensive income before tax [Abstract]
Components of other comprehensive income that will not be
reclassified to profit or loss, before tax [Abstract]
Other comprehensive income, before tax, gains (losses) on
-58 4
remeasurements of defined benefit plans
Other comprehensive income that will not be reclassified to
-58 4
profit or loss, before tax
Total other comprehensive income that will be reclassified to
0 0
profit or loss, before tax
Total other comprehensive income, before tax -58 4
Total other comprehensive income -58 4
Total comprehensive income 2,009 1,764
Earnings per share explanatory [TextBlock]
Earnings per share [Abstract]
Earnings per share [Line items]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations
Basic earnings (loss) per share from discontinued operations
Total basic earnings (loss) per share
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations
Diluted earnings (loss) per share from discontinued operations
Total diluted earnings (loss) per share

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[400200] Statement of changes in equity

Statement of changes in equity [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Equity attributable
to the equity
Components of equity [Axis] Equity [Member]
holders of the
parent [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of notes on changes in equity [TextBlock]
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement
3,444 2,942 3,444
is applicable)
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 678 0
Correction of prior period errors 0 0 0
Adjustments to equity for restatement 0 678 0
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 2,067 1,760 2,067
Changes in comprehensive income components -58 4 -58
Total comprehensive income 2,009 1,764 2,009
Other changes in equity [Abstract]
Other additions to reserves 0 0 0
Deductions to reserves [Abstract]
Other utilisation of securities premium
0 0 0
if permitted
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation
[Abstract]
Interim equity dividend
0 0 0
appropriation
Interim special dividend
0 0 0
appropriation
Total interim dividend appropriation 0 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0 0
Final special dividend appropriation 0 1,608 0
Total final dividend appropriation 0 1,608 0
Total dividend appropriation 0 1,608 0
Equity dividend tax appropriation 0 0 0
Other appropriations 0 330 0
Transfer to Retained earnings 0 0 0
Total appropriations for dividend,
0 1,938 0
dividend tax and retained earnings
Appropriation towards bonus shares 0 0 0
Increase (decrease) through other
0 0 0
contributions by owners, equity
Increase (decrease) through other
7 2 7
distributions to owners, equity
Increase (decrease) through other changes,
0 0 0
equity
Increase (decrease) through changes in
ownership interests in subsidiaries that 0 0 0
do not result in loss of control, equity

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Other changes in equity, others 0 0 0

Total other changes in equity -7 -1,940 -7
Total increase (decrease) in equity 2,002 -176 2,002
Other equity at end of period 5,446 3,444 3,620 5,446

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Statement of changes in equity [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Equity attributable to the equity holders
Components of equity [Axis] Reserves [Member]
of the parent [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of notes on changes in equity [TextBlock]
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement
2,942 3,444 2,942
is applicable)
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 678 0 678
Correction of prior period errors 0 0 0
Adjustments to equity for restatement 678 0 678
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 1,760 2,067 1,760
Changes in comprehensive income components 4 -58 4
Total comprehensive income 1,764 2,009 1,764
Other changes in equity [Abstract]
Other additions to reserves 0 0 0
Deductions to reserves [Abstract]
Other utilisation of securities premium
0 0 0
if permitted
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation
[Abstract]
Interim equity dividend
0 0 0
appropriation
Interim special dividend
0 0 0
appropriation
Total interim dividend appropriation 0 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0 0
Final special dividend appropriation 1,608 0 1,608
Total final dividend appropriation 1,608 0 1,608
Total dividend appropriation 1,608 0 1,608
Equity dividend tax appropriation 0 0 0
Other appropriations 330 0 330
Transfer to Retained earnings 0 0 0
Total appropriations for dividend,
1,938 0 1,938
dividend tax and retained earnings
Appropriation towards bonus shares 0 0 0
Increase (decrease) through other
0 0 0
contributions by owners, equity
Increase (decrease) through other
2 7 2
distributions to owners, equity
Increase (decrease) through other changes,
0 0 0
equity
Increase (decrease) through changes in
ownership interests in subsidiaries that 0 0 0
do not result in loss of control, equity
Other changes in equity, others 0 0 0
Total other changes in equity -1,940 -7 -1,940
Total increase (decrease) in equity -176 2,002 -176
Other equity at end of period 3,444 3,620 5,446 3,444

127
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Statement of changes in equity [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Components of equity [Axis] Reserves [Member] Share options outstanding account [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of notes on changes in equity [TextBlock]
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement
66 68
is applicable)
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 0
Correction of prior period errors 0 0
Adjustments to equity for restatement 0 0
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0
Changes in comprehensive income components 0 0
Total comprehensive income 0 0
Other changes in equity [Abstract]
Other additions to reserves 0 0
Deductions to reserves [Abstract]
Other utilisation of securities premium
0 0
if permitted
Other deductions to reserves 0 0
Total deductions to reserves 0 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation
[Abstract]
Interim equity dividend
0 0
appropriation
Interim special dividend
0 0
appropriation
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Equity dividend tax appropriation 0 0
Other appropriations 0 0
Transfer to Retained earnings 0 0
Total appropriations for dividend,
0 0
dividend tax and retained earnings
Appropriation towards bonus shares 0 0
Increase (decrease) through other
0 0
contributions by owners, equity
Increase (decrease) through other
7 2
distributions to owners, equity
Increase (decrease) through other changes,
0 0
equity
Increase (decrease) through changes in
ownership interests in subsidiaries that 0 0
do not result in loss of control, equity
Other changes in equity, others 0 0
Total other changes in equity -7 -2
Total increase (decrease) in equity -7 -2
Other equity at end of period 3,620 59 66 68

128
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Statement of changes in equity [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Retained earnings
Components of equity [Axis] General reserve [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of notes on changes in equity [TextBlock]
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement
749 749 2,629
is applicable)
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 0 0
Correction of prior period errors 0 0 0
Adjustments to equity for restatement 0 0 0
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0 2,067
Changes in comprehensive income components 0 0 -58
Total comprehensive income 0 0 2,009
Other changes in equity [Abstract]
Other additions to reserves 0 0 0
Deductions to reserves [Abstract]
Other utilisation of securities premium
0 0 0
if permitted
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation
[Abstract]
Interim equity dividend
0 0 0
appropriation
Interim special dividend
0 0 0
appropriation
Total interim dividend appropriation 0 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0 0
Final special dividend appropriation 0 0 0
Total final dividend appropriation 0 0 0
Total dividend appropriation 0 0 0
Equity dividend tax appropriation 0 0 0
Other appropriations 0 0 0
Transfer to Retained earnings 0 0 0
Total appropriations for dividend,
0 0 0
dividend tax and retained earnings
Appropriation towards bonus shares 0 0 0
Increase (decrease) through other
0 0 0
contributions by owners, equity
Increase (decrease) through other
0 0 0
distributions to owners, equity
Increase (decrease) through other changes,
0 0 0
equity
Increase (decrease) through changes in
ownership interests in subsidiaries that 0 0 0
do not result in loss of control, equity
Other changes in equity, others 0 0 0
Total other changes in equity 0 0 0
Total increase (decrease) in equity 0 0 2,009
Other equity at end of period 749 749 749 4,638

129
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Statement of changes in equity [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Components of equity [Axis] Retained earnings [Member] Other retained earning [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of notes on changes in equity [TextBlock]
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement
2,125 2,629 2,125
is applicable)
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 678 0 678
Correction of prior period errors 0 0 0
Adjustments to equity for restatement 678 0 678
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 1,760 2,067 1,760
Changes in comprehensive income components 4 -58 4
Total comprehensive income 1,764 2,009 1,764
Other changes in equity [Abstract]
Other additions to reserves 0 0 0
Deductions to reserves [Abstract]
Other utilisation of securities premium
0 0 0
if permitted
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation
[Abstract]
Interim equity dividend
0 0 0
appropriation
Interim special dividend
0 0 0
appropriation
Total interim dividend appropriation 0 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0 0
Final special dividend appropriation 1,608 0 1,608
Total final dividend appropriation 1,608 0 1,608
Total dividend appropriation 1,608 0 1,608
Equity dividend tax appropriation 0 0 0
Other appropriations 330 0 330
Transfer to Retained earnings 0 0 0
Total appropriations for dividend,
1,938 0 1,938
dividend tax and retained earnings
Appropriation towards bonus shares 0 0 0
Increase (decrease) through other
0 0 0
contributions by owners, equity
Increase (decrease) through other
0 0 0
distributions to owners, equity
Increase (decrease) through other changes,
0 0 0
equity
Increase (decrease) through changes in
ownership interests in subsidiaries that 0 0 0
do not result in loss of control, equity
Other changes in equity, others 0 0 0
Total other changes in equity -1,938 0 -1,938
Total increase (decrease) in equity -174 2,009 -174
Other equity at end of period 2,629 2,803 4,638 2,629

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Statement of changes in equity [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Other retained
Components of equity [Axis]
earning [Member]
31/03/2018
Disclosure of notes on changes in equity [TextBlock]
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Other equity at end of period 2,803

[320000] Cash flow statement, indirect

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before tax 3,067 2,763
Adjustments for reconcile profit (loss) [Abstract]
Adjustments for finance costs 41 8
Adjustments for decrease (increase) in inventories -100 5,367
Adjustments for decrease (increase) in trade receivables, current -604 -2,036
Adjustments for decrease (increase) in other current assets 173 -1,473
Adjustments for decrease (increase) in other non-current assets 10 53
Adjustments for other financial assets, non-current -11 483
Adjustments for increase (decrease) in trade payables, current -993 1,092
Adjustments for increase (decrease) in other current liabilities -175 -9,794
Adjustments for depreciation and amortisation expense 648 345
Adjustments for provisions, current 254 233
Adjustments for provisions, non-current 54 115
Adjustments for other financial liabilities, current 142 4,471
Adjustments for unrealised foreign exchange losses gains 11 -5
Adjustments for interest income 70 169
Adjustments for share-based payments -7 -2
Other adjustments for non-cash items 0 1,041
Total adjustments for reconcile profit (loss) -627 -271
Net cash flows from (used in) operations 2,440 2,492
Income taxes paid (refund) 1,525 1,432
Other inflows (outflows) of cash 28 685
Net cash flows from (used in) operating activities 943 1,745
Cash flows from used in investing activities [Abstract]
Proceeds from sales of property, plant and equipment 10 5
Purchase of property, plant and equipment 1,639 1,817
Interest received 71 195
Other inflows (outflows) of cash 3 1,790
Net cash flows from (used in) investing activities -1,555 173
Cash flows from used in financing activities [Abstract]
Payments of lease liabilities 146 0
Dividends paid 0 1,938
Interest paid 40 0
Net cash flows from (used in) financing activities -186 -1,938
Net increase (decrease) in cash and cash equivalents before effect of
-798 -20
exchange rate changes
Net increase (decrease) in cash and cash equivalents -798 -20
Cash and cash equivalents cash flow statement at end of period 773 1,571 1,591

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[610100] Notes - List of accounting policies

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019
to
31/03/2020
Textual information (43)
Disclosure of significant accounting policies [TextBlock] [See below]
Textual information (44)
Description of accounting policy for recognition of revenue [TextBlock] [See below]

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (43)

Disclosure of significant accounting policies [Text Block]

Note 1 General information

KONE Elevator India Private Limited (the 'Company’) incorporated as a private limited company is a wholly owned subsidiary of KONE OYJ,
Finland and comes under the Asia-Pacific region in the KONE group structure.

The Company is engaged in the business of manufacturing, supply, installation and commissioning of new elevators; supply, installation and
commissioning of new escalators; maintenance, servicing and modernisation of existing elevators and escalators; and is also engaged in rendering
software services to the group companies.

Note 2 Summary of significant accounting policies

This note provides a list of the significant accounting policies adopted in the preparation of these financial statements. These policies have been
consistently applied to all the years presented, unless otherwise stated.

2.1 Basis of preparation

(i) Compliance with Ind AS

The financial statements comply in all material aspects with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies
Act, 2013 (the ‘Act’) [Companies (Indian Accounting Standards) Rules, 2015] and other relevant provisions of the Act.

(ii) Historical cost convention

The financial statements have been prepared on a historical cost basis, except for the following:

• certain financial assets and liabilities (including derivative instruments) is measured at fair value;

• assets held for sale - measured at fair value less cost to sell;

• defined benefit plans - plan assets measured at fair value; and

• share-based payments

(iii) Current/Non-current classification

All assets and liabilities have been classified as current or non-current as per the Company’s normal operating cycle and other criteria set out in
the Schedule III (Division II) to the Companies Act, 2013. Based on the nature of products and the time between the acquisition of assets for
processing and their realisation in cash and cash equivalents, the Company has ascertained its operating cycle as 12 months for the purpose of
current and non-current classification of assets and liabilities.

(iv) New and amended standards adopted by the Company

The Company has applied the following standards and amendments for the first time in their annual reporting period commencing April 1, 2019:

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

1. Ind AS 116, Leases

2. Uncertainty over Income Tax Treatments - Appendix C to Ind AS 12, Income Taxes

3. Plan Amendment, Curtailment or Settlement - Amendments to Ind AS 19, Employee Benefits

4. Amendment to Ind AS 12, Income Taxes

The Company had to change its accounting policies as a result of adopting Ind AS 116. This is disclosed in Note 43. The other amendments listed
above did not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future
periods.

2.2 Segment reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker (CODM).

The Managing Director of KONE Elevator India Private Limited assesses the financial performance and position of the Company, and makes
strategic decisions. The Managing Director has been identified as being the CODM. Refer Note 30 for segment information presented.

2.3 Foreign currency translation

(i) Functional and presentation currency

Items included in the financial statements are measured using the currency of the primary economic environment in which the Company operates
(‘the functional currency’). The financial statements are presented in Indian rupee (INR or Rs.), which is Company’s functional and presentation
currency.

(ii) Transactions and balances

Foreign currency transactions are translated into the functional currency using the exchange rates at the dates of the transactions. Foreign
exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities
denominated in foreign currencies at year end exchange rates are recognised in profit or loss.

Foreign exchange differences arising on foreign currency borrowings are presented in the statement of profit and loss, within finance costs. All
other foreign exchange gains and losses are presented in the statement of profit and loss on a net basis within other income/(expenses).

Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value
was determined. Translation differences on assets and liabilities carried at fair value are reported as part of the fair value gain or loss.

The financial statements of an integral foreign operation are translated using the principles and procedures as if the transactions of the foreign

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

operation are those of the Company itself.

2.4 Revenue recognition

Supply and installation of elevators and escalators and under modernisation:

Revenue is recognised over time to the extent of performance obligation is satisfied and control is transferred to the customer. Contract revenue is
recognised at allocable transaction price which represents the cost of work performed on the contract plus proportionate margin, using the
percentage of completion method. Escalation and other claims, which are not ascertainable/acknowledged by customers are not taken into
account. The determination of transaction price also includes adjustments made towards liquidated damages and variation, wherever applicable.
Percentage of completion is the proportion of cost of work performed to-date, to the total estimated contract costs. The Company bills to project
customers on the basis of milestones agreed contractually and the invoice is due for collection from the customer on the date of invoice. Amounts
retained by the customer in a long-term arrangement are usually intended to provide the customer with a form of security that the seller will
perform as specified under the contract, rather than to provide the customer with a significant financing benefit. Similarly, the Company collects
advances from customers towards mobilisation of projects involving initial capital outlay for better cash flow management. There is no significant
financing component and in respect of warranty obligations refer Note 2.20.

Services income:

Service income arising from maintenance contracts is recognised over a period of time as and when the related service is rendered as per the
agreed terms with customers. Service income is accrued for the value of the work completed (for which invoice is yet to be raised) in accordance
with the above revenue recognition policy and is presented as “Advance invoices for service contracts”. The invoice is due for collection from the
customer on the date of invoice. In respect of income from repairing, revenue is recognised at a point in time i.e., as and when the related services
are rendered.

Software development:

In respect of software development, revenue is recognised under cost plus method in terms of the service agreement. The revenue is recognised
over a period of time.

Shared services:

In respect of shared services, revenue is recognised as per terms of contract entered with the customer. The revenue is recognised over a period of
time.

2.5 Government grants

Grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and the
Company will comply with all attached conditions.

Government grants relating to income are deferred and recognised in the profit or loss over the period necessary to match them with the costs that
they are intended to compensate and presented within other income.

2.6 Income tax

The income tax expense or credit for the period is the tax payable on the current period’s taxable income based on the applicable income tax rate
adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses.

The current income tax charge is calculated on the basis of the tax laws enacted at the end of the reporting period. Management periodically
evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes
provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Deferred income tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities
and their carrying amounts in the financial statements. Deferred income tax is not accounted for if it arises from initial recognition of an asset or
liability in a transaction other than a business combination that at the time of the transaction affects neither accounting profit nor taxable profit
(tax loss). Deferred income tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the end of the reporting
period and are expected to apply when the related deferred income tax asset is realised or the deferred income tax liability is settled.

Deferred tax assets are recognised for all deductible temporary differences and unused tax losses only if it is probable that future taxable amounts
will be available to utilise those temporary differences and losses.

Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the
deferred tax balances relate to the same taxation authority. Current tax assets and tax liabilities are offset where the entity has a legally
enforceable right to offset and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Current and deferred tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or
directly in equity. In this case, the tax is also recognised in other comprehensive income or directly in equity, respectively.

2.7 Leases

As a lessee

Till March 31, 2019:

(a) Finance lease

Leases of property, plant and equipment where the Company, as lessee, has substantially all the risks and rewards of ownership are classified as
finance leases. Finance leases were capitalised at the lease’s inception at the fair value of the leased property or, if lower, the present value of the
minimum lease payments. The corresponding rental obligations, net of finance charges, were included in borrowings or other financial liabilities
as appropriate. Each lease payment is allocated between the liability and finance cost. The finance cost was charged to the profit or loss over the
lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. The property, plant and
equipment acquired under finance leases was depreciated over the asset’s useful life or over the shorter of the asset’s useful life and the lease term
if there is no reasonable certainty that the Company will obtain ownership at the end of the lease term.

(b) Operating lease

Leases in which a significant portion of the risks and rewards of ownership were not transferred to the Company as lessee were classified as
operating leases. Payments made under operating leases (net of any incentives received from the lessor) were charged to profit or loss on
straight-line basis over the period of the lease unless the payments are structured to increase in line with expected general inflation to compensate
for the lessor's expected inflationary cost increases.

With effect from April 1, 2019:

From April 1, 2019, leases are recognised as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for
use by the Company. Contracts may contain both lease and non-lease components. The Company allocates the consideration in the contract to the
lease and non-lease components based on their relative stand-alone prices.

Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the
following lease payments:

· fixed payments (including in-substance fixed payments), less any lease incentives receivable

· variable lease payment that are based on a index or a rate, initially measured using the index or rate as at the commencement date

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

· amounts expected to be payable by the Company under residual value guarantees

· the exercise price of a purchase option if the Company is reasonably certain to exercise that option, and

· payments of penalties for terminating the lease, if the lease term reflects the Company exercising that option.

Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments
are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the
Company, the lessee's incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds
necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and
conditions.

To determine the incremental borrowing rate, the Company:

· where possible, uses recent third-party financing received by the individual lessee as a starting point, adjusted to reflect changes in
financing conditions since third party financing was received

· uses a build-up approach that starts with a risk-free interest rate adjusted for credit risk for leases held by KONE India Private Limited,
which does not have recent third party financing, and

· makes adjustments specific to the lease, e.g. term, country, currency and security.

Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to
produce a constant periodic rate of interest on the remaining balance of the liability for each period.

Right-of-use assets are measured at cost comprising the following:

· the amount of the initial measurement of lease liability

· any lease payments made at or before the commencement date less any lease incentives received

· any initial direct costs, and

· restoration costs.

Right-of-use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight-line basis. If the Company is
reasonably certain to exercise a purchase option, the right-of-use asset is depreciated over the underlying asset's useful life.

Payments associated with short-term leases of equipment and all leases of low-value assets are recognised on a straight-line basis as an expense in
profit or loss. Short-term leases are leases with a lease term of 12 months or less.

2.8 Impairment of assets

Intangible assets that have an indefinite useful life are not subject to amortisation and are tested annually for impairment, or more frequently if
events or changes in circumstances indicate that they might be impaired. Other assets are tested for impairment whenever events or changes in
circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset's
carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs of disposal and value in
use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash inflows
which are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). Non-financial assets that suffered
an impairment are reviewed for possible reversal of the impairment at the end of each reporting period.

2.9 Cash and cash equivalents

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, deposits held at call with
financial institutions, other short-term, highly liquid investments with original maturities of 3 months or less that are readily convertible to known
amounts of cash and which are subject to an insignificant risk of changes in value.

2.10 Trade receivables

Trade receivables are amounts due from customers for goods sold or services performed in the ordinary course of business. Trade receivables are
recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, when they are
recognised at fair value.

The Company holds the trade receivables with the objective of collecting the contractual cash flows and therefore measures them subsequently at
amortised cost using the effective interest rate method, less loss allowance.

2.11 Contract balances and provision for loss contracts

Provision for loss contracts is recognised in the statement of profit and loss to the extent the planned costs exceeds the planned revenue. For
contracts where the aggregate of contract cost incurred to date plus recognised profits (or minus recognised losses, as the case may be) exceeds
the progress billing, the surplus is recognised as a contract asset. For contracts where progress billing exceeds the aggregate of contract costs
incurred to-date plus recognised profits (or minus recognised losses, as the case may be), the surplus is recognised as a contract liability. Amounts
received before the related work is performed are disclosed in the balance sheet as contract liability and are termed as “Advances from
customers”. The amounts billed on customer for work performed and are unconditionally due for payment i.e. only passage of time is required
before payment falls due, are disclosed in the balance sheet as trade receivables.

2.12 Inventories

Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value. Cost of raw
materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials, direct labour
and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating capacity.
Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are assigned to
individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after deducting rebates
and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the
estimated costs necessary to make the sale.

2.13 Non-current assets held for sale

Non-current assets are classified as held for sale if their carrying amount will be recovered principally through a sale transaction rather than
through continuing use and a sale is considered highly probable. They are measured at the lower of their carrying amount and fair value less costs
to sell.

An impairment loss is recognised for any initial or subsequent write-down of the asset to fair value less costs to sell. A gain is recognised for any
subsequent increases in fair value less costs to sell of an asset, but not in excess of any cumulative impairment loss previously recognised. A gain
or loss not previously recognised by the date of the sale of the non-current asset is recognised at the date of de-recognition.

Non-current assets are not depreciated or amortised while they are classified as held for sale.

Non-current assets classified as held for sale are presented separately from the other assets in the balance sheet.

2.14 Investments and other financial assets

(i) Classification

The Company classifies its financial assets in the following measurement categories:

- those to be measured subsequently at fair value (either through other comprehensive income (FVOCI) or through profit or loss (FVPL)), and

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

- those to be measured at amortised cost.

The classification depends on the Company’s business model for managing the financial assets and the contractual terms of the cash flows.

For assets measured at fair value, gains and losses will either be recorded in profit or loss or other comprehensive income.

(ii) Recognition

Regular way purchases and sales of financial assets are recognised on trade-date, the date on which the Company commits to purchase or sell the
financial asset.

(iii) Measurement

At initial recognition, the Company measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit
or loss, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair
value through profit or loss are expensed in profit or loss.

Debt instruments

Subsequent measurement of debt instruments depends on the Company’s business model for managing the asset and the cash flow characteristics
of the asset. There are three measurement categories into which the Company classifies its debt instruments:

Amortised cost: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and
interest are measured at amortised cost. Interest income from these financial assets is included in finance income using the effective interest rate
method. Any gain or loss arising on derecognition is recognised directly in profit or loss and presented in other income/(expenses). Impairment
losses are presented as separate line item in the statement of profit or loss.

Fair value through other comprehensive income (FVOCI): Assets that are held for collection of contractual cash flows and for selling the financial
assets, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Movements in the carrying
amount are taken through OCI, except for the recognition of impairment gains or losses, interest income and foreign exchange gains and losses
which are recognised in profit and loss. When the financial asset is derecognised, the cumulative gain or loss previously recognised in OCI is
reclassified from equity to profit or loss and recognised in other income/(expenses). Interest income from these financial assets is included in
other income using the effective interest rate method. Foreign exchange gains and losses are presented in other income/(expenses) and impairment
expenses are presented as separate line item in the statement of profit and loss.

Fair value through profit or loss (FVPL): Assets that do not meet the criteria for amortised cost or FVOCI are measured at fair value through
profit or loss. A gain or loss on a debt investment that is subsequently measured at fair value through profit or loss is recognised in profit or loss
and presented net within other income/(expenses) in the period in which it arises. Interest income from these financial assets is included in other
income.

(iv) Impairment of financial assets

The Company assesses on a forward looking basis the expected credit losses associated with its assets carried at amortised cost and FVOCI debt
instruments. The impairment methodology applied depends on whether there has been a significant increase in credit risk. Note 29A details how
the Company determines whether there has been a significant increase in credit risk.

For trade receivables only, the Company applies the simplified approach permitted by Ind AS 109, Financial Instruments, which requires
expected lifetime losses to be recognised from initial recognition of the receivables.

(v) Derecognition of financial assets

A financial asset is derecognised only when

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

- the Company has transferred the rights to receive cash flows from the financial asset or

- retains the contractual rights to receive the cash flows of the financial asset, but assumes a contractual obligation to pay the cash flows to one or
more recipients.

Where the Company has transferred an asset, the Company evaluates whether it has transferred substantially all risks and rewards of ownership of
the financial asset. In such cases, the financial asset is derecognised. Where the Company has not transferred substantially all risks and rewards of
ownership of the financial asset, the financial asset is not derecognised.

Where the entity has neither transferred a financial asset nor retains substantially all risks and rewards of ownership of the financial asset, the
financial asset is derecognised if the Company has not retained control of the financial asset. Where the Company retains control of the financial
asset, the asset is continued to be recognised to the extent of continuing involvement in the financial asset.

(vi) Income recognition

Interest income:

Interest income from financial assets at fair value through profit or loss is disclosed as interest income within other income. Interest income on
financial assets at amortised cost and financial assets at FVOCI is calculated using the effective interest rate method is recognised in the statement
of profit and loss as part of other income.

Interest income is calculated by applying the effective interest rate to the gross carrying amount of a financial asset except for financial assets that
subsequently become credit-impaired. For credit-impaired financial assets the effective interest rate is applied to the net carrying amount of the
financial asset (after deduction of the loss allowance).

The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to the
gross carrying amount of a financial asset. When calculating the effective interest rate, the Company estimates the expected cash flows by
considering all the contractual terms of the financial instrument (for example, prepayment, extension, call and similar options) but does not
consider the expected credit losses.

2.15 Derivatives

Derivatives are only used for economic hedging purposes and not as speculative investments. However, where derivatives do not meet the hedge
accounting criteria, they are classified as 'held for trading' for accounting purposes and are accounted for at FVPL. They are presented as current
assets or liabilities to the extent they are expected to be settled within 12 months after the end of the reporting period. Derivatives are initially
recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured to their fair value at the end of each
reporting period. The accounting for subsequent changes in fair value depends on whether the derivative is designated as a hedging instrument,
and if so, the nature of the item being hedged.

2.16 Offsetting financial instruments

Financial assets and liabilities are offset and the net amount is reported in the balance sheet where there is a legally enforceable right to offset the
recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously. The legally
enforceable right must not be contingent on future events and must be enforceable in the normal course of business and in the event of default,
insolvency or bankruptcy of the Company or the counterparty.

2.17 Property, plant and equipment

Freehold land is carried at historical cost. All other items of property, plant and equipment are stated at historical cost less depreciation. Historical
cost includes expenditure that is directly attributable to the acquisition of the items.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future
economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of
any component accounted for as a separate asset is derecognised when replaced. All other repairs and maintenance are charged to profit or loss
during the reporting period in which they are incurred.

Gains or losses on disposals are determined by comparing proceeds with carrying amount. These are included in profit or loss within other
income/(expenses).

Depreciation methods, estimated useful lives and residual value:

Depreciation is provided on a pro-rata basis on the straight-line method over the estimated useful lives of the assets, based on technical evaluation
done by management’s expert, which are lower than those specified by Schedule II to the Companies Act, 2013, in order to reflect the actual
usage of the assets. The depreciation charge for each period is recognised in the statement of profit and loss. The residual values are not more than
5% of the original cost of the asset.

The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period.

An assets’ carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated
recoverable amount.

The estimates of useful lives are as follows:

Useful life specified by Schedule II

Asset Useful life followed by the Company (Years)
(Years)

Buildings 4 to 25 30 to 60

Plant and machinery 2 to 10 15

Electrical installations 4, 10 10

Furniture and fixtures 4, 10 10

Office equipments 4 5

Vehicles 4 8

Leasehold land 20 -

Leasehold improvements Over the period of the lease -

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

All assets whose cost is Rs. 5 Thousands or less are fully depreciated in the year of addition.

2.18 Intangible assets

Intangible assets are stated at acquisition cost, net of accumulated amortisation and accumulated impairment losses, if any.

(i) Goodwill

Goodwill on acquisitions of subsidiaries is included in intangible assets. Goodwill is not amortised but it is tested for impairment annually, or
more frequently if events or changes in circumstances indicate that it might be impaired, and is carried at cost less accumulated impairment
losses. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold.

Goodwill is allocated to cash-generating units for the purpose of impairment testing. The allocation is made to those cash-generating units or
groups of cash-generating units that are expected to benefit from the business combination in which the goodwill arose. The units or groups of
units are identified at the lowest level at which goodwill is monitored for internal management purposes, which in our case are the operating
segments.

(ii) Amortisation methods and periods

The Company amortises intangible assets with a finite useful life using the straight-line method over the following periods:

Asset Useful life followed by the Company (Years)

Goodwill * 3 years and 3 months

Maintenance portfolio * 3 years and 3 months

Computer software 4

* Goodwill and Maintenance portfolio acquired on amalgamation is amortised on a straight-line basis over the balance useful life (as on
'Appointed Date' of amalgamation - January 1, 2011) of 3 years and 3 months.

2.19 Trade and other payables

These amounts represent liabilities for goods and services provided to the Company prior to the end of financial year which are unpaid. The
amounts are unsecured and are usually paid within the credit period agreed with the vendors. Trade and other payables are presented as current
liabilities unless payment is not due within 12 months after the reporting period. They are recognised initially at their fair value and subsequently
measured at amortised cost using the effective interest rate method.

2.20 Provisions and contingent liabilities

(i) Provisions

Provisions are recognised when the Company has a present legal or constructive obligation as a result of past events, it is probable that an outflow
of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are not recognised for future operating
losses.

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Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the
class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same
class of obligations may be small.

Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation at the end
of the reporting period. The discount rate used to determine the present value is a pre-tax rate that reflects current market assessments of the time
value of money and the risks specific to the liability. The increase in the provision due to the passage of time is recognised as interest expense.

Provisions for warranties cover the estimated liability to repair or replace products still under warranty at the balance sheet date. This provision is
calculated based on historical experience of levels of repair and replacements.

(ii) Contingent liabilities

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by
the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or a present obligation that
arises from past events where it is either not probable that an outflow of resources will be required to settle or a reliable estimate of the amount
cannot be made.

2.21 Employee benefits

a. Short-term obligations

Liabilities for wages and salaries, including non-monetary benefits that are expected to be settled wholly within 12 months after the end of the
period in which the employees render the related service are recognised in respect of employees’ services up to the end of the reporting period and
are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit
obligations in the balance sheet.

b. Post-employment obligations

Post-employment benefits comprise of Provident fund, Superannuation fund and Gratuity which are accounted for as follows:

(i) Provident fund

The Company pays provident fund contributions to publicly administered provident funds as per local regulations. The Company has no further
payment obligations once the contributions have been paid. The contributions are accounted for as defined contribution plans and the
contributions are recognised as employee benefits expense when they are due. Prepaid contributions are recognised as an asset to the extent that a
cash refund or a reduction in the future payments is available.

(ii) Superannuation fund

This is a defined contribution plan. The Company contributes a sum equivalent to 15% of eligible employees’ applicable salary towards
superannuation fund administered by the Trustees and managed by Life Insurance Corporation of India (LIC). The Company has no further
obligations for future superannuation benefits other than its annual contributions and recognises such contributions as expense in the period in
which the related employee services are rendered.

(iii) Gratuity obligations

The Company’s gratuity plan is funded and is administered by Life Insurance Corporation of India (LIC). The liability or asset recognised in the
balance sheet in respect of defined benefit gratuity plan is the present value of the defined benefit obligation at the end of the reporting period less

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the fair value of plan assets. The defined benefit obligation is calculated annually by actuary using the projected unit credit method.

The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields
at the end of the reporting period on the government bonds that have terms approximating to the terms of the related obligation.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan
assets. This cost is included in employee benefits expense in the statement of profit and loss.

Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are recognised in the period in which
they occur, directly in other comprehensive income. They are included in retained earnings in the statement of changes in equity and in the
balance sheet.

Changes in the present value of the defined benefit obligation resulting from plan amendments or curtailments are recognised immediately in
profit or loss as past service cost.

c. Other long-term employee benefit obligations

Compensated absences:

The liabilities for earned leave are not expected to be settled wholly within 12 months after the end of the period in which the employees render
the related service. These obligations are therefore measured as the present value of expected future payments to be made in respect of services
provided by employees up to the end of the reporting period using the projected unit credit method. The benefits are discounted using the
appropriate market yields at the end of the reporting period that have terms approximating to the terms of the related obligation. Remeasurements
as a result of experience adjustments and changes in actuarial assumptions are recognised in profit or loss.

The obligations are presented as current liabilities in the balance sheet if the Company does not have an unconditional right to defer settlement for
at least 12 months after the reporting period, regardless of when the actual settlement is expected to occur.

d. Share-based payments

Share based compensation benefits are provided to some senior management employees of the Company via the KONE OYJ, Finland long-term
incentive program. The fair value of options granted under the KONE OYJ, Finland Option Plan is recognised as an employee benefits expense
with a corresponding increase in equity. The total amount to be expensed is determined by reference to the fair value of the options granted:

· including any market performance conditions (e.g, the entity’s share price)

· excluding the impact of any service and non-market performance vesting conditions (e.g. profitability, sales growth targets and remaining
an employee of the entity over a specified time period), and

· including the impact of any non-vesting conditions (e.g. the requirement for employees to save or holding shares for a specific period of
time).

The total expense is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.
At the end of each period, the entity revises its estimates of the number of options that are expected to vest based on the non-market vesting and
service conditions. It recognises the impact of the revision to original estimates, if any, in profit or loss, with a corresponding adjustment to
equity.

2.22 Dividends

Provision is made for the amount of any dividend declared, being appropriately authorised and no longer at the discretion of the entity, on or
before the end of the reporting period but not distributed at the end of the reporting period.

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2.23 Earnings per share

(i) Basic earnings per share

Basic earnings per share is calculated by dividing:

• the profit attributable to owners of the Company

• by the weighted average number of equity shares outstanding during the financial year.

(ii) Diluted earnings per share

Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take into account:

• the after income tax effect of interest and other financing costs associated with dilutive potential equity shares, and

• the weighted average number of additional equity shares that would have been outstanding assuming the conversion of all dilutive potential
equity shares.

2.24 Estimates

The preparation of financial statements requires the use of accounting estimates which, by definition, will seldom equal the actual results.
Management also needs to exercise judgement in applying the Company’s accounting policies. This note provides an overview of the areas that
involved a higher degree of judgement or complexity, and of items which are more likely to be materially adjusted due to estimates and
assumptions turning out to be different than originally assessed. Detailed information about each of these estimates and judgements is included in
relevant notes together with information about the basis of calculation for each affected line item in the financial statements. The areas involving
significant estimates or judgements are:

i. Impairment of trade receivables and contract assets (Refer Note 29A);

ii. Estimation of defined benefit obligation (Refer Note 28);

iii. Recognition of revenue (Refer Note 18 and Note 41); and

iv. Estimation of current tax expense and current tax payable (Refer Note 27)

2.25 Rounding of amounts

All amounts disclosed in the financial statements and notes have been rounded off to the nearest millions as per the requirement of Schedule III,
unless otherwise stated.

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Textual information (44)

Description of accounting policy for recognition of revenue [Text Block]

2.4 Revenue recognition

Supply and installation of elevators and escalators and under modernisation:

Revenue is recognised over time to the extent of performance obligation is satisfied and control is transferred to the customer. Contract revenue is
recognised at allocable transaction price which represents the cost of work performed on the contract plus proportionate margin, using the
percentage of completion method. Escalation and other claims, which are not ascertainable/acknowledged by customers are not taken into
account. The determination of transaction price also includes adjustments made towards liquidated damages and variation, wherever applicable.
Percentage of completion is the proportion of cost of work performed to-date, to the total estimated contract costs. The Company bills to project
customers on the basis of milestones agreed contractually and the invoice is due for collection from the customer on the date of invoice. Amounts
retained by the customer in a long-term arrangement are usually intended to provide the customer with a form of security that the seller will
perform as specified under the contract, rather than to provide the customer with a significant financing benefit. Similarly, the Company collects
advances from customers towards mobilisation of projects involving initial capital outlay for better cash flow management. There is no significant
financing component and in respect of warranty obligations refer Note 2.20.

Services income:

Service income arising from maintenance contracts is recognised over a period of time as and when the related service is rendered as per the
agreed terms with customers. Service income is accrued for the value of the work completed (for which invoice is yet to be raised) in accordance
with the above revenue recognition policy and is presented as “Advance invoices for service contracts”. The invoice is due for collection from the
customer on the date of invoice. In respect of income from repairing, revenue is recognised at a point in time i.e., as and when the related services
are rendered.

Software development:

In respect of software development, revenue is recognised under cost plus method in terms of the service agreement. The revenue is recognised
over a period of time.

Shared services:

In respect of shared services, revenue is recognised as per terms of contract entered with the customer. The revenue is recognised over a period of
time.

[610200] Notes - Corporate information and statement of IndAs compliance

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of corporate information notes and other explanatory information
[TextBlock]
Textual information (45) Textual information (46)
Statement of Ind AS compliance [TextBlock] [See below] [See below]
Whether there is any departure from Ind AS No No
Whether there are reclassifications to comparative amounts No No
Textual information (47)
Disclosure of significant accounting policies [TextBlock] [See below]

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Textual information (45)

Statement of Ind AS compliance [Text Block]

(i) Compliance with Ind AS

The financial statements comply in all material aspects with Indian Accounting Standards (Ind AS) notified under Section 133 of the

Companies Act, 2013 (the ‘Act’) [Companies (Indian Accounting Standards) Rules, 2015] and other relevant provisions of the Act

Textual information (46)

Statement of Ind AS compliance [Text Block]

(i) Compliance with Ind AS

The financial statements comply in all material aspects with Indian Accounting Standards (Ind AS) notified under Section 133 of the

Companies Act, 2013 (the ‘Act’) [Companies (Indian Accounting Standards) Rules, 2015] and other relevant provisions of the Act

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Textual information (47)

Disclosure of significant accounting policies [Text Block]

Note 1 General information

KONE Elevator India Private Limited (the 'Company’) incorporated as a private limited company is a wholly owned subsidiary of KONE OYJ,
Finland and comes under the Asia-Pacific region in the KONE group structure.

The Company is engaged in the business of manufacturing, supply, installation and commissioning of new elevators; supply, installation and
commissioning of new escalators; maintenance, servicing and modernisation of existing elevators and escalators; and is also engaged in rendering
software services to the group companies.

Note 2 Summary of significant accounting policies

This note provides a list of the significant accounting policies adopted in the preparation of these financial statements. These policies have been
consistently applied to all the years presented, unless otherwise stated.

2.1 Basis of preparation

(i) Compliance with Ind AS

The financial statements comply in all material aspects with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies
Act, 2013 (the ‘Act’) [Companies (Indian Accounting Standards) Rules, 2015] and other relevant provisions of the Act.

(ii) Historical cost convention

The financial statements have been prepared on a historical cost basis, except for the following:

• certain financial assets and liabilities (including derivative instruments) is measured at fair value;

• assets held for sale - measured at fair value less cost to sell;

• defined benefit plans - plan assets measured at fair value; and

• share-based payments

(iii) Current/Non-current classification

All assets and liabilities have been classified as current or non-current as per the Company’s normal operating cycle and other criteria set out in
the Schedule III (Division II) to the Companies Act, 2013. Based on the nature of products and the time between the acquisition of assets for
processing and their realisation in cash and cash equivalents, the Company has ascertained its operating cycle as 12 months for the purpose of
current and non-current classification of assets and liabilities.

(iv) New and amended standards adopted by the Company

The Company has applied the following standards and amendments for the first time in their annual reporting period commencing April 1, 2019:

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1. Ind AS 116, Leases

2. Uncertainty over Income Tax Treatments - Appendix C to Ind AS 12, Income Taxes

3. Plan Amendment, Curtailment or Settlement - Amendments to Ind AS 19, Employee Benefits

4. Amendment to Ind AS 12, Income Taxes

The Company had to change its accounting policies as a result of adopting Ind AS 116. This is disclosed in Note 43. The other amendments listed
above did not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future
periods.

2.2 Segment reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker (CODM).

The Managing Director of KONE Elevator India Private Limited assesses the financial performance and position of the Company, and makes
strategic decisions. The Managing Director has been identified as being the CODM. Refer Note 30 for segment information presented.

2.3 Foreign currency translation

(i) Functional and presentation currency

Items included in the financial statements are measured using the currency of the primary economic environment in which the Company operates
(‘the functional currency’). The financial statements are presented in Indian rupee (INR or Rs.), which is Company’s functional and presentation
currency.

(ii) Transactions and balances

Foreign currency transactions are translated into the functional currency using the exchange rates at the dates of the transactions. Foreign
exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities
denominated in foreign currencies at year end exchange rates are recognised in profit or loss.

Foreign exchange differences arising on foreign currency borrowings are presented in the statement of profit and loss, within finance costs. All
other foreign exchange gains and losses are presented in the statement of profit and loss on a net basis within other income/(expenses).

Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value
was determined. Translation differences on assets and liabilities carried at fair value are reported as part of the fair value gain or loss.

The financial statements of an integral foreign operation are translated using the principles and procedures as if the transactions of the foreign

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operation are those of the Company itself.

2.4 Revenue recognition

Supply and installation of elevators and escalators and under modernisation:

Revenue is recognised over time to the extent of performance obligation is satisfied and control is transferred to the customer. Contract revenue is
recognised at allocable transaction price which represents the cost of work performed on the contract plus proportionate margin, using the
percentage of completion method. Escalation and other claims, which are not ascertainable/acknowledged by customers are not taken into
account. The determination of transaction price also includes adjustments made towards liquidated damages and variation, wherever applicable.
Percentage of completion is the proportion of cost of work performed to-date, to the total estimated contract costs. The Company bills to project
customers on the basis of milestones agreed contractually and the invoice is due for collection from the customer on the date of invoice. Amounts
retained by the customer in a long-term arrangement are usually intended to provide the customer with a form of security that the seller will
perform as specified under the contract, rather than to provide the customer with a significant financing benefit. Similarly, the Company collects
advances from customers towards mobilisation of projects involving initial capital outlay for better cash flow management. There is no significant
financing component and in respect of warranty obligations refer Note 2.20.

Services income:

Service income arising from maintenance contracts is recognised over a period of time as and when the related service is rendered as per the
agreed terms with customers. Service income is accrued for the value of the work completed (for which invoice is yet to be raised) in accordance
with the above revenue recognition policy and is presented as “Advance invoices for service contracts”. The invoice is due for collection from the
customer on the date of invoice. In respect of income from repairing, revenue is recognised at a point in time i.e., as and when the related services
are rendered.

Software development:

In respect of software development, revenue is recognised under cost plus method in terms of the service agreement. The revenue is recognised
over a period of time.

Shared services:

In respect of shared services, revenue is recognised as per terms of contract entered with the customer. The revenue is recognised over a period of
time.

2.5 Government grants

Grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and the
Company will comply with all attached conditions.

Government grants relating to income are deferred and recognised in the profit or loss over the period necessary to match them with the costs that
they are intended to compensate and presented within other income.

2.6 Income tax

The income tax expense or credit for the period is the tax payable on the current period’s taxable income based on the applicable income tax rate
adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses.

The current income tax charge is calculated on the basis of the tax laws enacted at the end of the reporting period. Management periodically
evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes
provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Deferred income tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities
and their carrying amounts in the financial statements. Deferred income tax is not accounted for if it arises from initial recognition of an asset or
liability in a transaction other than a business combination that at the time of the transaction affects neither accounting profit nor taxable profit
(tax loss). Deferred income tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the end of the reporting
period and are expected to apply when the related deferred income tax asset is realised or the deferred income tax liability is settled.

Deferred tax assets are recognised for all deductible temporary differences and unused tax losses only if it is probable that future taxable amounts
will be available to utilise those temporary differences and losses.

Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the
deferred tax balances relate to the same taxation authority. Current tax assets and tax liabilities are offset where the entity has a legally
enforceable right to offset and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Current and deferred tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or
directly in equity. In this case, the tax is also recognised in other comprehensive income or directly in equity, respectively.

2.7 Leases

As a lessee

Till March 31, 2019:

(a) Finance lease

Leases of property, plant and equipment where the Company, as lessee, has substantially all the risks and rewards of ownership are classified as
finance leases. Finance leases were capitalised at the lease’s inception at the fair value of the leased property or, if lower, the present value of the
minimum lease payments. The corresponding rental obligations, net of finance charges, were included in borrowings or other financial liabilities
as appropriate. Each lease payment is allocated between the liability and finance cost. The finance cost was charged to the profit or loss over the
lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. The property, plant and
equipment acquired under finance leases was depreciated over the asset’s useful life or over the shorter of the asset’s useful life and the lease term
if there is no reasonable certainty that the Company will obtain ownership at the end of the lease term.

(b) Operating lease

Leases in which a significant portion of the risks and rewards of ownership were not transferred to the Company as lessee were classified as
operating leases. Payments made under operating leases (net of any incentives received from the lessor) were charged to profit or loss on
straight-line basis over the period of the lease unless the payments are structured to increase in line with expected general inflation to compensate
for the lessor's expected inflationary cost increases.

With effect from April 1, 2019:

From April 1, 2019, leases are recognised as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for
use by the Company. Contracts may contain both lease and non-lease components. The Company allocates the consideration in the contract to the
lease and non-lease components based on their relative stand-alone prices.

Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the
following lease payments:

· fixed payments (including in-substance fixed payments), less any lease incentives receivable

· variable lease payment that are based on a index or a rate, initially measured using the index or rate as at the commencement date

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

· amounts expected to be payable by the Company under residual value guarantees

· the exercise price of a purchase option if the Company is reasonably certain to exercise that option, and

· payments of penalties for terminating the lease, if the lease term reflects the Company exercising that option.

Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments
are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the
Company, the lessee's incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds
necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and
conditions.

To determine the incremental borrowing rate, the Company:

· where possible, uses recent third-party financing received by the individual lessee as a starting point, adjusted to reflect changes in
financing conditions since third party financing was received

· uses a build-up approach that starts with a risk-free interest rate adjusted for credit risk for leases held by KONE India Private Limited,
which does not have recent third party financing, and

· makes adjustments specific to the lease, e.g. term, country, currency and security.

Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to
produce a constant periodic rate of interest on the remaining balance of the liability for each period.

Right-of-use assets are measured at cost comprising the following:

· the amount of the initial measurement of lease liability

· any lease payments made at or before the commencement date less any lease incentives received

· any initial direct costs, and

· restoration costs.

Right-of-use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight-line basis. If the Company is
reasonably certain to exercise a purchase option, the right-of-use asset is depreciated over the underlying asset's useful life.

Payments associated with short-term leases of equipment and all leases of low-value assets are recognised on a straight-line basis as an expense in
profit or loss. Short-term leases are leases with a lease term of 12 months or less.

2.8 Impairment of assets

Intangible assets that have an indefinite useful life are not subject to amortisation and are tested annually for impairment, or more frequently if
events or changes in circumstances indicate that they might be impaired. Other assets are tested for impairment whenever events or changes in
circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset's
carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs of disposal and value in
use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash inflows
which are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). Non-financial assets that suffered
an impairment are reviewed for possible reversal of the impairment at the end of each reporting period.

2.9 Cash and cash equivalents

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For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, deposits held at call with
financial institutions, other short-term, highly liquid investments with original maturities of 3 months or less that are readily convertible to known
amounts of cash and which are subject to an insignificant risk of changes in value.

2.10 Trade receivables

Trade receivables are amounts due from customers for goods sold or services performed in the ordinary course of business. Trade receivables are
recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, when they are
recognised at fair value.

The Company holds the trade receivables with the objective of collecting the contractual cash flows and therefore measures them subsequently at
amortised cost using the effective interest rate method, less loss allowance.

2.11 Contract balances and provision for loss contracts

Provision for loss contracts is recognised in the statement of profit and loss to the extent the planned costs exceeds the planned revenue. For
contracts where the aggregate of contract cost incurred to date plus recognised profits (or minus recognised losses, as the case may be) exceeds
the progress billing, the surplus is recognised as a contract asset. For contracts where progress billing exceeds the aggregate of contract costs
incurred to-date plus recognised profits (or minus recognised losses, as the case may be), the surplus is recognised as a contract liability. Amounts
received before the related work is performed are disclosed in the balance sheet as contract liability and are termed as “Advances from
customers”. The amounts billed on customer for work performed and are unconditionally due for payment i.e. only passage of time is required
before payment falls due, are disclosed in the balance sheet as trade receivables.

2.12 Inventories

Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value. Cost of raw
materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials, direct labour
and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating capacity.
Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are assigned to
individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after deducting rebates
and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the
estimated costs necessary to make the sale.

2.13 Non-current assets held for sale

Non-current assets are classified as held for sale if their carrying amount will be recovered principally through a sale transaction rather than
through continuing use and a sale is considered highly probable. They are measured at the lower of their carrying amount and fair value less costs
to sell.

An impairment loss is recognised for any initial or subsequent write-down of the asset to fair value less costs to sell. A gain is recognised for any
subsequent increases in fair value less costs to sell of an asset, but not in excess of any cumulative impairment loss previously recognised. A gain
or loss not previously recognised by the date of the sale of the non-current asset is recognised at the date of de-recognition.

Non-current assets are not depreciated or amortised while they are classified as held for sale.

Non-current assets classified as held for sale are presented separately from the other assets in the balance sheet.

2.14 Investments and other financial assets

(i) Classification

The Company classifies its financial assets in the following measurement categories:

- those to be measured subsequently at fair value (either through other comprehensive income (FVOCI) or through profit or loss (FVPL)), and

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- those to be measured at amortised cost.

The classification depends on the Company’s business model for managing the financial assets and the contractual terms of the cash flows.

For assets measured at fair value, gains and losses will either be recorded in profit or loss or other comprehensive income.

(ii) Recognition

Regular way purchases and sales of financial assets are recognised on trade-date, the date on which the Company commits to purchase or sell the
financial asset.

(iii) Measurement

At initial recognition, the Company measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit
or loss, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair
value through profit or loss are expensed in profit or loss.

Debt instruments

Subsequent measurement of debt instruments depends on the Company’s business model for managing the asset and the cash flow characteristics
of the asset. There are three measurement categories into which the Company classifies its debt instruments:

Amortised cost: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and
interest are measured at amortised cost. Interest income from these financial assets is included in finance income using the effective interest rate
method. Any gain or loss arising on derecognition is recognised directly in profit or loss and presented in other income/(expenses). Impairment
losses are presented as separate line item in the statement of profit or loss.

Fair value through other comprehensive income (FVOCI): Assets that are held for collection of contractual cash flows and for selling the financial
assets, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Movements in the carrying
amount are taken through OCI, except for the recognition of impairment gains or losses, interest income and foreign exchange gains and losses
which are recognised in profit and loss. When the financial asset is derecognised, the cumulative gain or loss previously recognised in OCI is
reclassified from equity to profit or loss and recognised in other income/(expenses). Interest income from these financial assets is included in
other income using the effective interest rate method. Foreign exchange gains and losses are presented in other income/(expenses) and impairment
expenses are presented as separate line item in the statement of profit and loss.

Fair value through profit or loss (FVPL): Assets that do not meet the criteria for amortised cost or FVOCI are measured at fair value through
profit or loss. A gain or loss on a debt investment that is subsequently measured at fair value through profit or loss is recognised in profit or loss
and presented net within other income/(expenses) in the period in which it arises. Interest income from these financial assets is included in other
income.

(iv) Impairment of financial assets

The Company assesses on a forward looking basis the expected credit losses associated with its assets carried at amortised cost and FVOCI debt
instruments. The impairment methodology applied depends on whether there has been a significant increase in credit risk. Note 29A details how
the Company determines whether there has been a significant increase in credit risk.

For trade receivables only, the Company applies the simplified approach permitted by Ind AS 109, Financial Instruments, which requires
expected lifetime losses to be recognised from initial recognition of the receivables.

(v) Derecognition of financial assets

A financial asset is derecognised only when

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

- the Company has transferred the rights to receive cash flows from the financial asset or

- retains the contractual rights to receive the cash flows of the financial asset, but assumes a contractual obligation to pay the cash flows to one or
more recipients.

Where the Company has transferred an asset, the Company evaluates whether it has transferred substantially all risks and rewards of ownership of
the financial asset. In such cases, the financial asset is derecognised. Where the Company has not transferred substantially all risks and rewards of
ownership of the financial asset, the financial asset is not derecognised.

Where the entity has neither transferred a financial asset nor retains substantially all risks and rewards of ownership of the financial asset, the
financial asset is derecognised if the Company has not retained control of the financial asset. Where the Company retains control of the financial
asset, the asset is continued to be recognised to the extent of continuing involvement in the financial asset.

(vi) Income recognition

Interest income:

Interest income from financial assets at fair value through profit or loss is disclosed as interest income within other income. Interest income on
financial assets at amortised cost and financial assets at FVOCI is calculated using the effective interest rate method is recognised in the statement
of profit and loss as part of other income.

Interest income is calculated by applying the effective interest rate to the gross carrying amount of a financial asset except for financial assets that
subsequently become credit-impaired. For credit-impaired financial assets the effective interest rate is applied to the net carrying amount of the
financial asset (after deduction of the loss allowance).

The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to the
gross carrying amount of a financial asset. When calculating the effective interest rate, the Company estimates the expected cash flows by
considering all the contractual terms of the financial instrument (for example, prepayment, extension, call and similar options) but does not
consider the expected credit losses.

2.15 Derivatives

Derivatives are only used for economic hedging purposes and not as speculative investments. However, where derivatives do not meet the hedge
accounting criteria, they are classified as 'held for trading' for accounting purposes and are accounted for at FVPL. They are presented as current
assets or liabilities to the extent they are expected to be settled within 12 months after the end of the reporting period. Derivatives are initially
recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured to their fair value at the end of each
reporting period. The accounting for subsequent changes in fair value depends on whether the derivative is designated as a hedging instrument,
and if so, the nature of the item being hedged.

2.16 Offsetting financial instruments

Financial assets and liabilities are offset and the net amount is reported in the balance sheet where there is a legally enforceable right to offset the
recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously. The legally
enforceable right must not be contingent on future events and must be enforceable in the normal course of business and in the event of default,
insolvency or bankruptcy of the Company or the counterparty.

2.17 Property, plant and equipment

Freehold land is carried at historical cost. All other items of property, plant and equipment are stated at historical cost less depreciation. Historical
cost includes expenditure that is directly attributable to the acquisition of the items.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future
economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of
any component accounted for as a separate asset is derecognised when replaced. All other repairs and maintenance are charged to profit or loss
during the reporting period in which they are incurred.

Gains or losses on disposals are determined by comparing proceeds with carrying amount. These are included in profit or loss within other
income/(expenses).

Depreciation methods, estimated useful lives and residual value:

Depreciation is provided on a pro-rata basis on the straight-line method over the estimated useful lives of the assets, based on technical evaluation
done by management’s expert, which are lower than those specified by Schedule II to the Companies Act, 2013, in order to reflect the actual
usage of the assets. The depreciation charge for each period is recognised in the statement of profit and loss. The residual values are not more than
5% of the original cost of the asset.

The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period.

An assets’ carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated
recoverable amount.

The estimates of useful lives are as follows:

Useful life specified by Schedule II

Asset Useful life followed by the Company (Years)
(Years)

Buildings 4 to 25 30 to 60

Plant and machinery 2 to 10 15

Electrical installations 4, 10 10

Furniture and fixtures 4, 10 10

Office equipments 4 5

Vehicles 4 8

Leasehold land 20 -

Leasehold improvements Over the period of the lease -

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

All assets whose cost is Rs. 5 Thousands or less are fully depreciated in the year of addition.

2.18 Intangible assets

Intangible assets are stated at acquisition cost, net of accumulated amortisation and accumulated impairment losses, if any.

(i) Goodwill

Goodwill on acquisitions of subsidiaries is included in intangible assets. Goodwill is not amortised but it is tested for impairment annually, or
more frequently if events or changes in circumstances indicate that it might be impaired, and is carried at cost less accumulated impairment
losses. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold.

Goodwill is allocated to cash-generating units for the purpose of impairment testing. The allocation is made to those cash-generating units or
groups of cash-generating units that are expected to benefit from the business combination in which the goodwill arose. The units or groups of
units are identified at the lowest level at which goodwill is monitored for internal management purposes, which in our case are the operating
segments.

(ii) Amortisation methods and periods

The Company amortises intangible assets with a finite useful life using the straight-line method over the following periods:

Asset Useful life followed by the Company (Years)

Goodwill * 3 years and 3 months

Maintenance portfolio * 3 years and 3 months

Computer software 4

* Goodwill and Maintenance portfolio acquired on amalgamation is amortised on a straight-line basis over the balance useful life (as on
'Appointed Date' of amalgamation - January 1, 2011) of 3 years and 3 months.

2.19 Trade and other payables

These amounts represent liabilities for goods and services provided to the Company prior to the end of financial year which are unpaid. The
amounts are unsecured and are usually paid within the credit period agreed with the vendors. Trade and other payables are presented as current
liabilities unless payment is not due within 12 months after the reporting period. They are recognised initially at their fair value and subsequently
measured at amortised cost using the effective interest rate method.

2.20 Provisions and contingent liabilities

(i) Provisions

Provisions are recognised when the Company has a present legal or constructive obligation as a result of past events, it is probable that an outflow
of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are not recognised for future operating
losses.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the
class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same
class of obligations may be small.

Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation at the end
of the reporting period. The discount rate used to determine the present value is a pre-tax rate that reflects current market assessments of the time
value of money and the risks specific to the liability. The increase in the provision due to the passage of time is recognised as interest expense.

Provisions for warranties cover the estimated liability to repair or replace products still under warranty at the balance sheet date. This provision is
calculated based on historical experience of levels of repair and replacements.

(ii) Contingent liabilities

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by
the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or a present obligation that
arises from past events where it is either not probable that an outflow of resources will be required to settle or a reliable estimate of the amount
cannot be made.

2.21 Employee benefits

a. Short-term obligations

Liabilities for wages and salaries, including non-monetary benefits that are expected to be settled wholly within 12 months after the end of the
period in which the employees render the related service are recognised in respect of employees’ services up to the end of the reporting period and
are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit
obligations in the balance sheet.

b. Post-employment obligations

Post-employment benefits comprise of Provident fund, Superannuation fund and Gratuity which are accounted for as follows:

(i) Provident fund

The Company pays provident fund contributions to publicly administered provident funds as per local regulations. The Company has no further
payment obligations once the contributions have been paid. The contributions are accounted for as defined contribution plans and the
contributions are recognised as employee benefits expense when they are due. Prepaid contributions are recognised as an asset to the extent that a
cash refund or a reduction in the future payments is available.

(ii) Superannuation fund

This is a defined contribution plan. The Company contributes a sum equivalent to 15% of eligible employees’ applicable salary towards
superannuation fund administered by the Trustees and managed by Life Insurance Corporation of India (LIC). The Company has no further
obligations for future superannuation benefits other than its annual contributions and recognises such contributions as expense in the period in
which the related employee services are rendered.

(iii) Gratuity obligations

The Company’s gratuity plan is funded and is administered by Life Insurance Corporation of India (LIC). The liability or asset recognised in the
balance sheet in respect of defined benefit gratuity plan is the present value of the defined benefit obligation at the end of the reporting period less

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

the fair value of plan assets. The defined benefit obligation is calculated annually by actuary using the projected unit credit method.

The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields
at the end of the reporting period on the government bonds that have terms approximating to the terms of the related obligation.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan
assets. This cost is included in employee benefits expense in the statement of profit and loss.

Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are recognised in the period in which
they occur, directly in other comprehensive income. They are included in retained earnings in the statement of changes in equity and in the
balance sheet.

Changes in the present value of the defined benefit obligation resulting from plan amendments or curtailments are recognised immediately in
profit or loss as past service cost.

c. Other long-term employee benefit obligations

Compensated absences:

The liabilities for earned leave are not expected to be settled wholly within 12 months after the end of the period in which the employees render
the related service. These obligations are therefore measured as the present value of expected future payments to be made in respect of services
provided by employees up to the end of the reporting period using the projected unit credit method. The benefits are discounted using the
appropriate market yields at the end of the reporting period that have terms approximating to the terms of the related obligation. Remeasurements
as a result of experience adjustments and changes in actuarial assumptions are recognised in profit or loss.

The obligations are presented as current liabilities in the balance sheet if the Company does not have an unconditional right to defer settlement for
at least 12 months after the reporting period, regardless of when the actual settlement is expected to occur.

d. Share-based payments

Share based compensation benefits are provided to some senior management employees of the Company via the KONE OYJ, Finland long-term
incentive program. The fair value of options granted under the KONE OYJ, Finland Option Plan is recognised as an employee benefits expense
with a corresponding increase in equity. The total amount to be expensed is determined by reference to the fair value of the options granted:

· including any market performance conditions (e.g, the entity’s share price)

· excluding the impact of any service and non-market performance vesting conditions (e.g. profitability, sales growth targets and remaining
an employee of the entity over a specified time period), and

· including the impact of any non-vesting conditions (e.g. the requirement for employees to save or holding shares for a specific period of
time).

The total expense is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.
At the end of each period, the entity revises its estimates of the number of options that are expected to vest based on the non-market vesting and
service conditions. It recognises the impact of the revision to original estimates, if any, in profit or loss, with a corresponding adjustment to
equity.

2.22 Dividends

Provision is made for the amount of any dividend declared, being appropriately authorised and no longer at the discretion of the entity, on or
before the end of the reporting period but not distributed at the end of the reporting period.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

2.23 Earnings per share

(i) Basic earnings per share

Basic earnings per share is calculated by dividing:

• the profit attributable to owners of the Company

• by the weighted average number of equity shares outstanding during the financial year.

(ii) Diluted earnings per share

Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take into account:

• the after income tax effect of interest and other financing costs associated with dilutive potential equity shares, and

• the weighted average number of additional equity shares that would have been outstanding assuming the conversion of all dilutive potential
equity shares.

2.24 Estimates

The preparation of financial statements requires the use of accounting estimates which, by definition, will seldom equal the actual results.
Management also needs to exercise judgement in applying the Company’s accounting policies. This note provides an overview of the areas that
involved a higher degree of judgement or complexity, and of items which are more likely to be materially adjusted due to estimates and
assumptions turning out to be different than originally assessed. Detailed information about each of these estimates and judgements is included in
relevant notes together with information about the basis of calculation for each affected line item in the financial statements. The areas involving
significant estimates or judgements are:

i. Impairment of trade receivables and contract assets (Refer Note 29A);

ii. Estimation of defined benefit obligation (Refer Note 28);

iii. Recognition of revenue (Refer Note 18 and Note 41); and

iv. Estimation of current tax expense and current tax payable (Refer Note 27)

2.25 Rounding of amounts

All amounts disclosed in the financial statements and notes have been rounded off to the nearest millions as per the requirement of Schedule III,
unless otherwise stated.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[610300] Notes - Accounting policies, changes in accounting estimates and errors

Disclosure of initial application of standards or interpretations [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Initially applied Ind ASs [Axis] Column 1
01/04/2019
to
31/03/2020
Disclosure of changes in accounting policies, accounting estimates and errors [TextBlock]
Disclosure of initial application of standards or interpretations [TextBlock]
Disclosure of initial application of standards or interpretations [Abstract]
Disclosure of initial application of standards or interpretations [Line items]
Title of initially applied Ind AS Leases
Description whether change in accounting policy is made in accordance with transitional Textual information
provisions of initially applied Ind AS (48) [See below]
adoption of Ind AS
116, Leases on the
Description of nature of change in accounting policy Company's financial
statements.
Textual information
Description of transitional provisions of initially applied Ind AS (49) [See below]
Description of transitional provisions of initially applied Ind AS that might have effect on Textual information
future periods (50) [See below]

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of changes in accounting policies, accounting estimates and errors
[TextBlock]
Disclosure of initial application of standards or interpretations
[TextBlock]
Whether initial application of an Ind AS has an effect on the
Yes No
current period or any prior period
Disclosure of voluntary change in accounting policy [TextBlock]
Whether there is any voluntary change in accounting policy No No
Disclosure of changes in accounting estimates [TextBlock]
Whether there are changes in acounting estimates during the year No No

Textual information (48)

Description whether change in accounting policy is made in accordance with transitional provisions of initially
applied Ind AS
Note 43 Changes in accounting policy - on account of adoption of IndAS 116 (Year ended March 31, 2020) This note explains the impact of the
adoption of Ind AS 116, Leases on the Company's financial statements. Impact on the financial statements - lessee accounting As indicated in
Note 2.1(iv) above, the Company has adopted Ind AS 116 retrospectively from April 1, 2019 in accordance with paragraph C5(b) of the standard,
but has not restated comparatives for the year ended March 31, 2019, as permitted under the specific transition provisions in the standard. The
reclassifications and the adjustments arising from the new leasing rules are therefore recognised in the opening balance sheet on April 1, 2019.
The new accounting policies are disclosed in Note 2.7. On adoption of Ind AS 116, the Company recognised lease liabilities in relation to leases
which had previously been classified as 'operating leases' under the principles of Ind AS 17, Leases. These liabilities were measured at the present
value of the remaining lease payments, discounted using the lessee's incremental borrowing rate as of April 1, 2019. The weighted average
lessee's incremental borrowing rate applied to the lease liabilities on April 1, 2019 was 8.24%. For leases previously classified as finance leases
the entity recognised the carrying amount of the lease asset and lease liability immediately before transition as the carrying amount of the
right-of-use asset and the lease liability at the date of intial application. The measurement principles of Ind AS 116 are only applied after that date.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (49)

Description of transitional provisions of initially applied Ind AS

Note 43 Changes in accounting policy - on account of adoption of IndAS 116 (Year ended March 31, 2020) This note explains the impact of the
adoption of Ind AS 116, Leases on the Company's financial statements. Impact on the financial statements - lessee accounting As indicated in
Note 2.1(iv) above, the Company has adopted Ind AS 116 retrospectively from April 1, 2019 in accordance with paragraph C5(b) of the standard,
but has not restated comparatives for the year ended March 31, 2019, as permitted under the specific transition provisions in the standard. The
reclassifications and the adjustments arising from the new leasing rules are therefore recognised in the opening balance sheet on April 1, 2019.
The new accounting policies are disclosed in Note 2.7. On adoption of Ind AS 116, the Company recognised lease liabilities in relation to leases
which had previously been classified as 'operating leases' under the principles of Ind AS 17, Leases. These liabilities were measured at the present
value of the remaining lease payments, discounted using the lessee's incremental borrowing rate as of April 1, 2019. The weighted average
lessee's incremental borrowing rate applied to the lease liabilities on April 1, 2019 was 8.24%. For leases previously classified as finance leases
the entity recognised the carrying amount of the lease asset and lease liability immediately before transition as the carrying amount of the
right-of-use asset and the lease liability at the date of intial application. The measurement principles of Ind AS 116 are only applied after that date.
(i) Practical expedients applied In applying Ind AS 116 for the first time, the Company has used the following practical expedients permitted by
the standard: - relying on previous assessments on whether leases are onerous as an alternative to peforming an impairment review - there were no
onerous contracts as at April 1, 2019 - accounting for operating leases with a remaining lease term of less than 12 months as at April 1, 2019 as
short-term leases - excluding initial direct costs for the measurement of the right-of-use asset at the date of initial application, and - using
hindsight in determining the lease term where the contract contains options to extend or terminate the lease. The Company has also elected not to
reassess whether a contract is, or contains a lease at the date of initial application. Instead, for contracts entered into before the transition date the
Company relied on its assessment made applying Ind AS 17 and Appendix C to Ind AS 17, Determining whether an Arrangement contains a
Lease. (ii) The difference between the operating lease commitments disclosed applying Ind AS 17 at the end of the annual reporting period
immediately preceding the date of initial application, discounted using the incremental borrowing rate at the date of initial application and lease
liabilities recognised in the balance sheet at the date of initial application is because of short-term leases not recognised as a liability and
adjustments as a result of different treatment of extension and termination options. (iii) Adjustments recognised in the balance sheet on April 1,
2019 The change in accounting policy affected the following items in the balance sheet on April 1, 2019: -right-of-use assets - increase by 549
-property, plant and equipment (net) - decrease by 116 -other current assets - decrease by 4 -other non-current assets - decrease by 19 -lease
liabilities - increase by 410 The net impact on retained earnings on April 1, 2019 is Nil. (iv) Expense relating to short-term leases (included in
other expenses) is 93. (v) Extention and termination options Extension and termination options are included in the buildings leases of the
Company. These are used to maximise operational flexibility in terms of managing the assets used in the Company's operations. The extension
and termination options held are exercisable only by the Company and not by the respective lessor in some leases whereas in others it is
exercisable by the Company and the respective lessor. (vi) Disclosure of operating lease The Company has operating lease arrangements for
buildings. These lease arrangements range for a period between 11 months and 9 years, which include both cancellable and non-cancellable
leases. Most of the leases are renewable for further period on mutually agreeable terms and also include escalation clauses. March 31, 2020
March 31, 2019 With respect to all operating leases: Lease payments recognised in the statement of profit and loss during the year - 264 With
respect to all non-cancellable operating leases: Lease payments recognised in the statement of profit and loss during - 187 the year (included in
'Rent' under Note 25) With respect to non-cancellable operating leases, the future minimum lease payments are as follows: Not later than 1 year -
179 Later than 1 year and not later than 5 years - 108 Later than 5 years - -

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (50)

Description of transitional provisions of initially applied Ind AS that might have effect on future periods
Note 43 Changes in accounting policy - on account of adoption of IndAS 116 (Year ended March 31, 2020) This note explains the impact of the
adoption of Ind AS 116, Leases on the Company's financial statements. Impact on the financial statements - lessee accounting As indicated in
Note 2.1(iv) above, the Company has adopted Ind AS 116 retrospectively from April 1, 2019 in accordance with paragraph C5(b) of the standard,
but has not restated comparatives for the year ended March 31, 2019, as permitted under the specific transition provisions in the standard. The
reclassifications and the adjustments arising from the new leasing rules are therefore recognised in the opening balance sheet on April 1, 2019.
The new accounting policies are disclosed in Note 2.7. On adoption of Ind AS 116, the Company recognised lease liabilities in relation to leases
which had previously been classified as 'operating leases' under the principles of Ind AS 17, Leases. These liabilities were measured at the present
value of the remaining lease payments, discounted using the lessee's incremental borrowing rate as of April 1, 2019. The weighted average
lessee's incremental borrowing rate applied to the lease liabilities on April 1, 2019 was 8.24%. For leases previously classified as finance leases
the entity recognised the carrying amount of the lease asset and lease liability immediately before transition as the carrying amount of the
right-of-use asset and the lease liability at the date of intial application. The measurement principles of Ind AS 116 are only applied after that date.
(i) Practical expedients applied In applying Ind AS 116 for the first time, the Company has used the following practical expedients permitted by
the standard: - relying on previous assessments on whether leases are onerous as an alternative to peforming an impairment review - there were no
onerous contracts as at April 1, 2019 - accounting for operating leases with a remaining lease term of less than 12 months as at April 1, 2019 as
short-term leases - excluding initial direct costs for the measurement of the right-of-use asset at the date of initial application, and - using
hindsight in determining the lease term where the contract contains options to extend or terminate the lease. The Company has also elected not to
reassess whether a contract is, or contains a lease at the date of initial application. Instead, for contracts entered into before the transition date the
Company relied on its assessment made applying Ind AS 17 and Appendix C to Ind AS 17, Determining whether an Arrangement contains a
Lease. (ii) The difference between the operating lease commitments disclosed applying Ind AS 17 at the end of the annual reporting period
immediately preceding the date of initial application, discounted using the incremental borrowing rate at the date of initial application and lease
liabilities recognised in the balance sheet at the date of initial application is because of short-term leases not recognised as a liability and
adjustments as a result of different treatment of extension and termination options. (iii) Adjustments recognised in the balance sheet on April 1,
2019 The change in accounting policy affected the following items in the balance sheet on April 1, 2019: -right-of-use assets - increase by 549
-property, plant and equipment (net) - decrease by 116 -other current assets - decrease by 4 -other non-current assets - decrease by 19 -lease
liabilities - increase by 410 The net impact on retained earnings on April 1, 2019 is Nil. (iv) Expense relating to short-term leases (included in
other expenses) is 93. (v) Extention and termination options Extension and termination options are included in the buildings leases of the
Company. These are used to maximise operational flexibility in terms of managing the assets used in the Company's operations. The extension
and termination options held are exercisable only by the Company and not by the respective lessor in some leases whereas in others it is
exercisable by the Company and the respective lessor. (vi) Disclosure of operating lease The Company has operating lease arrangements for
buildings. These lease arrangements range for a period between 11 months and 9 years, which include both cancellable and non-cancellable
leases. Most of the leases are renewable for further period on mutually agreeable terms and also include escalation clauses. March 31, 2020
March 31, 2019 With respect to all operating leases: Lease payments recognised in the statement of profit and loss during the year - 264 With
respect to all non-cancellable operating leases: Lease payments recognised in the statement of profit and loss during - 187 the year (included in
'Rent' under Note 25) With respect to non-cancellable operating leases, the future minimum lease payments are as follows: Not later than 1 year -
179 Later than 1 year and not later than 5 years - 108 Later than 5 years - -

[400600] Notes - Property, plant and equipment

Disclosure of additional information about property plant and equipment [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Assets held under Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
lease [Member] [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Textual information Textual information Textual information
Measurement bases, property, plant and equipment (51) [See below] (52) [See below]
NA
(53) [See below]
Depreciation method, property, plant and
straight-line method straight-line method NA straight-line method
equipment
Useful lives or depreciation rates, property, Textual information Textual information Over the period of Textual information
plant and equipment (54) [See below] (55) [See below] the lease (56) [See below]
Whether property, plant and equipment are
No No No No
stated at revalued amount

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of additional information about property plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Millions of INR
Property, plant and
Classes of property, plant and equipment [Axis] equipment Land [Member]
[Member]
Owned assets Assets held under
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member] lease [Member]
01/04/2018 01/04/2019 01/04/2019 01/04/2018
to to to to
31/03/2019 31/03/2020 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Textual information historical cost less historical cost less historical cost less
Measurement bases, property, plant and equipment (57) [See below] depreciation depreciation depreciation
Depreciation method, property, plant and
straight-line method straight-line method straight-line method straight-line method
equipment
Useful lives or depreciation rates, property, Textual information Over the period of
NA NA
plant and equipment (58) [See below] the lease
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Millions of INR
Plant and
Classes of property, plant and equipment [Axis] Buildings [Member] equipment
[Member]
Assets held under Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
lease [Member] [Member]
01/04/2019 01/04/2019 01/04/2018 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
historical cost less historical cost less historical cost less historical cost less
Measurement bases, property, plant and equipment depreciation depreciation depreciation depreciation
Depreciation method, property, plant and
straight-line method straight-line method straight-line method straight-line method
equipment
Useful lives or depreciation rates, property, Over the period of
4 to 25 years 4 to 25 years 2 to 10 years
plant and equipment the lease
Whether property, plant and equipment are
No No No No
stated at revalued amount

164
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of additional information about property plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Millions of INR
Plant and
Classes of property, plant and equipment [Axis] equipment Furniture and fixtures [Member] Vehicles [Member]
[Member]
Owned assets Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member] [Member]
01/04/2018 01/04/2019 01/04/2018 01/04/2019
to to to to
31/03/2019 31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
historical cost less historical cost less historical cost less historical cost less
Measurement bases, property, plant and equipment depreciation depreciation depreciation depreciation
Depreciation method, property, plant and
straight-line method straight-line method straight-line method straight-line method
equipment
Useful lives or depreciation rates, property,
2 to 10 years 4 to 10 years 4 to 10 years 4 years
plant and equipment
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(5)
Unless otherwise specified, all monetary values are in Millions of INR
Office equipment
Classes of property, plant and equipment [Axis] Vehicles [Member] Motor vehicles [Member]
[Member]
Owned assets Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member] [Member]
01/04/2018 01/04/2019 01/04/2018 01/04/2019
to to to to
31/03/2019 31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
historical cost less historical cost less historical cost less historical cost less
Measurement bases, property, plant and equipment depreciation depreciation depreciation depreciation
Depreciation method, property, plant and
straight-line method straight-line method straight-line method straight-line method
equipment
Useful lives or depreciation rates, property,
4 years 4 years 4 years 4 years
plant and equipment
Whether property, plant and equipment are
No No No No
stated at revalued amount

165
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of additional information about property plant and equipment [Table] ..(6)
Unless otherwise specified, all monetary values are in Millions of INR
Other property,
Office equipment plant and
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
[Member] equipment
[Member]
Owned assets Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member] [Member]
01/04/2018 01/04/2019 01/04/2018 01/04/2019
to to to to
31/03/2019 31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
historical cost less historical cost less historical cost less historical cost less
Measurement bases, property, plant and equipment depreciation depreciation depreciation depreciation
Depreciation method, property, plant and
straight-line method straight-line method straight-line method straight-line method
equipment
Useful lives or depreciation rates, property, Over the period of Over the period of the
4 years 4 to 10 years
plant and equipment the lease lease
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(7)
Unless otherwise specified, all monetary values are in Millions of INR
Other property,
plant and Other property, plant and equipment,
Classes of property, plant and equipment [Axis]
equipment others [Member]
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member]
01/04/2018 01/04/2019 01/04/2018
to to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property, plant and equipment
[TextBlock]
Disclosure of additional information about property plant and
equipment [Abstract]
Disclosure of additional information about property plant and
equipment [Line items]
historical cost less historical cost less historical cost less
Measurement bases, property, plant and equipment depreciation depreciation depreciation
Depreciation method, property, plant and equipment straight-line method straight-line method straight-line method
Useful lives or depreciation rates, property, plant and equipment 4 to 10 years 4 to 10 years 4 to 10 years
Whether property, plant and equipment are stated at revalued
No No No
amount

166
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 4,695 223 (A) 4,695
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-643 -339
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-643 -339
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and -23 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, -23 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
4 2 42
equipment
Retirements, property, plant and
0 0 0
equipment

167
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total disposals and retirements,

4 2 42
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 194 0 247
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
3,831 -118 4,406
plant and equipment
Property, plant and equipment at end of
4,773 942 1,060 6,280
period

(A) it includes the Right to use of assets.

168
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 223
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
643 339
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
643 339
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 23 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 23 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
30 38 28
equipment
Retirements, property, plant and
0 0 0
equipment

169
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total disposals and retirements,

30 38 28
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 53 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
193 575 311
plant and equipment
Property, plant and equipment at end of
1,874 1,681 1,507 932
period

170
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 869 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-190 0
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-190 0
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and -23 0
equipment
Total increase (decrease) through
transfers and other changes, property, -23 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment

171
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Retirements, property, plant and

0 0
equipment
Total disposals and retirements,
0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
656 0
plant and equipment
Property, plant and equipment at end of
621 656 0 0
period

172
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 869 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
190
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
190
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 23
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 23
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment

173
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Retirements, property, plant and

0 0 0
equipment
Total disposals and retirements,
0 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
869 0 213
plant and equipment
Property, plant and equipment at end of
869 0 0 213
period

174
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(5)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 3,826 223
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 -453 -339
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
0 -453 -339
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 4 2
equipment
Retirements, property, plant and
0 0 0
equipment

175
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total disposals and retirements,

0 4 2
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 194 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
0 3,175 -118
plant and equipment
Property, plant and equipment at end of
0 0 4,117 942
period

176
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(6)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 3,826 223
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
42 30
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
42 30
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 247 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
3,537 193
plant and equipment
Property, plant and equipment at end of
1,060 5,411 1,874 1,681
period

177
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(7)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member] Land [Member]
Assets held under
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
lease [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 162
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
453 339 -5
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
453 339 -5
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 -23
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 -23
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
38 28 0
equipment
Retirements, property, plant and
0 0 0
equipment

178
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total disposals and retirements,

38 28 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 53 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
362 311 134
plant and equipment
Property, plant and equipment at end of
1,294 932 621 134
period

179
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(8)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 162 0
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
0
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment

180
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total disposals and retirements,

0 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
0 162 0
plant and equipment
Property, plant and equipment at end of
0 0 162 0
period

181
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(9)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
5 0
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
5 0
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 23 0
equipment
Total increase (decrease) through
transfers and other changes, property, 23 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
28 0
plant and equipment
Property, plant and equipment at end of
0 28 0 0
period

182
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(10)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 0 0
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 0
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
0 0
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment

183
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total disposals and retirements,

0 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 2 0 2
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
-2 0 -2
plant and equipment
Property, plant and equipment at end of
0 2 2 0
period

184
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(11)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 0
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
0 0
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment

185
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total disposals and retirements,

0 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
0 0 0
plant and equipment
Property, plant and equipment at end of
2 2 0 0
period

186
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(12)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Land [Member] Buildings [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 707 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-185 0
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-185 0
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment

187
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Retirements, property, plant and

0 0
equipment
Total disposals and retirements,
0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
522 0
plant and equipment
Property, plant and equipment at end of
0 522 0 0
period

188
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(13)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 707 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
185
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
185
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment

189
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Retirements, property, plant and

0 0 0
equipment
Total disposals and retirements,
0 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
707 0 185
plant and equipment
Property, plant and equipment at end of
707 0 0 185
period

190
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(14)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2,170 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 -49 -9
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
0 -49 -9
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment

191
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total disposals and retirements,

0 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 76 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
0 2,045 -9
plant and equipment
Property, plant and equipment at end of
0 0 2,156 111
period

192
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(15)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2,170 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 106 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
2,064 0
plant and equipment
Property, plant and equipment at end of
120 2,204 140 140
period

193
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(16)
Unless otherwise specified, all monetary values are in Millions of INR
Office building
Classes of property, plant and equipment [Axis] Buildings [Member]
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2,170
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
49 9 -49
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
49 9 -49
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment

194
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Retirements, property, plant and

0 0 0
equipment
Total disposals and retirements,
0 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 30 0 76
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
19 9 2,045
plant and equipment
Property, plant and equipment at end of
48 29 20 2,156
period

195
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(17)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Office building [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 2,170 0
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-9
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
-9
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment

196
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total disposals and retirements,

0 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 106 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
-9 2,064 0
plant and equipment
Property, plant and equipment at end of
111 120 2,204 140
period

197
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(18)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Office building [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
49 9
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
49 9
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 30 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
19 9
plant and equipment
Property, plant and equipment at end of
140 48 29 20
period

198
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(19)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other building [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 707 0 707
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-185 0
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-185 0
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment

199
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total disposals and retirements,

0 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
522 0 707
plant and equipment
Property, plant and equipment at end of
522 0 0 707
period

200
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(20)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other building [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
185 0
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
185 0
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment

201
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total disposals and retirements,

0 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
0 185 0
plant and equipment
Property, plant and equipment at end of
0 0 185 0
period

202
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(21)
Unless otherwise specified, all monetary values are in Millions of INR
Other building
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
[Member]
Assets held under
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
lease [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,073 43
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-164 -116
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-164 -116
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]

203
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disposals, property, plant and

0 1
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
0 1
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
909 -74
plant and equipment
Property, plant and equipment at end of
0 1,215 306 380
period

204
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(22)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,073 43
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
164
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
164
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
10 6 10
equipment

205
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Retirements, property, plant and

0 0 0
equipment
Total disposals and retirements,
10 6 10
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
1,063 37 154
plant and equipment
Property, plant and equipment at end of
1,725 662 625 510
period

206
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(23)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,073 43
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
116 -164 -116
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
116 -164 -116
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
5 0 1
equipment
Retirements, property, plant and
0 0 0
equipment

207
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total disposals and retirements,

5 0 1
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
111 909 -74
plant and equipment
Property, plant and equipment at end of
356 245 1,215 306
period

208
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(24)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,073 43
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
10 6
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
10 6
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
1,063 37
plant and equipment
Property, plant and equipment at end of
380 1,725 662 625
period

209
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(25)
Unless otherwise specified, all monetary values are in Millions of INR
Furniture and
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
fixtures [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 37
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
164 116 -14
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
164 116 -14
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
10 5 1
equipment

210
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Retirements, property, plant and

0 0 0
equipment
Total disposals and retirements,
10 5 1
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
154 111 22
plant and equipment
Property, plant and equipment at end of
510 356 245 49
period

211
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(26)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 4 37 4
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-10
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
-10
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 4 1
equipment
Retirements, property, plant and
0 0 0
equipment

212
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total disposals and retirements,

0 4 1
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
-6 33 3
plant and equipment
Property, plant and equipment at end of
27 33 97 64
period

213
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(27)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
14 10
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
14 10
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
3 1
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
3 1
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
11 9
plant and equipment
Property, plant and equipment at end of
61 48 37 28
period

214
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(28)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27 22 27
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-22 -19
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-22 -19
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
2 1 20
equipment
Retirements, property, plant and
0 0 0
equipment

215
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total disposals and retirements,

2 1 20
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
3 2 7
plant and equipment
Property, plant and equipment at end of
49 46 44 95
period

216
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(29)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 22
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
22 19
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
22 19
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
9 18 8
equipment
Retirements, property, plant and
0 0 0
equipment

217
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total disposals and retirements,

9 18 8
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
13 4 11
plant and equipment
Property, plant and equipment at end of
88 75 46 42
period

218
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(30)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Vehicles [Member] Motor vehicles [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27 22
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-22 -19
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-22 -19
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
2 1
equipment

219
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Retirements, property, plant and

0 0
equipment
Total disposals and retirements,
2 1
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
3 2
plant and equipment
Property, plant and equipment at end of
31 49 46 44
period

220
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(31)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27 22
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
22
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
22
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
20 9 18
equipment

221
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Retirements, property, plant and

0 0 0
equipment
Total disposals and retirements,
20 9 18
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
7 13 4
plant and equipment
Property, plant and equipment at end of
95 88 75 46
period

222
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(32)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Motor vehicles [Member] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 245 120
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
19 -132 -107
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
19 -132 -107
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
8 1 0
equipment
Retirements, property, plant and
0 0 0
equipment

223
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total disposals and retirements,

8 1 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
11 112 13
plant and equipment
Property, plant and equipment at end of
42 31 339 227
period

224
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(33)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 245 120
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
8 13
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
8 13
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
237 107
plant and equipment
Property, plant and equipment at end of
214 740 503 396
period

225
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(34)
Unless otherwise specified, all monetary values are in Millions of INR
Leasehold
Classes of property, plant and equipment [Axis] Office equipment [Member] improvements
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 92
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
132 107 -61
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
132 107 -61
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
7 13 0
equipment

226
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Retirements, property, plant and

0 0 0
equipment
Total disposals and retirements,
7 13 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
125 94 31
plant and equipment
Property, plant and equipment at end of
401 276 182 138
period

227
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(35)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 34 92 34
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-67
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
-67
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 1
equipment
Retirements, property, plant and
0 0 0
equipment

228
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total disposals and retirements,

0 0 1
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
-33 92 33
plant and equipment
Property, plant and equipment at end of
107 140 366 274
period

229
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(36)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
61 67
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
61 67
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 1
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
0 1
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
61 66
plant and equipment
Property, plant and equipment at end of
241 228 167 101
period

230
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(37)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 182 0 182
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-11 -11
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-11 -11
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment

231
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total disposals and retirements,

0 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 116 0 139
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
55 -11 43
plant and equipment
Property, plant and equipment at end of
171 116 127 184
period

232
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(38)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
11 11
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
11 11
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment

233
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total disposals and retirements,

0 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 23 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
0 -12 11
plant and equipment
Property, plant and equipment at end of
141 141 13 25
period

234
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(39)
Unless otherwise specified, all monetary values are in Millions of INR
Other property,
plant and
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
equipment
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
LEASE HOLD LAND LEASE HOLD LAND
Nature of other property plant and equipment
AND ELECTRICAL AND ELECTRICAL
others INSTALLATION INSTALLATION
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 182 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-11 -11
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-11 -11
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment

235
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total increase (decrease) through

transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 116 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
55 -11
plant and equipment
Property, plant and equipment at end of
14 171 116 127
period

236
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(40)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Gross carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [TextBlock]
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
LEASE HOLD
LEASE HOLD LAND LEASE HOLD LAND
Nature of other property plant and equipment LAND AND
AND ELECTRICAL AND ELECTRICAL
others ELECTRICAL
INSTALLATION INSTALLATION
INSTALLATION
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 182 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
11
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
11
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment

237
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disposals and retirements, property,

plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
0 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 139 0 23
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
43 0 -12
plant and equipment
Property, plant and equipment at end of
184 141 141 13
period

Disclosure of detailed information about property, plant and equipment [Table] ..(41)
Unless otherwise specified, all monetary values are in Millions of INR
Other property, plant and equipment, others
Classes of property, plant and equipment [Axis]
[Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated depreciation and impairment
Carrying amount accumulated depreciation and gross carrying amount [Axis]
[Member]
01/04/2018
to 31/03/2018
31/03/2019
Disclosure of property, plant and equipment [TextBlock]
Disclosure of detailed information about property, plant and equipment [TextBlock]
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
LEASE HOLD LAND AND
Nature of other property plant and equipment others ELECTRICAL INSTALLATION
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss 11
Depreciation recognised as part of cost of other assets 0
Total Depreciation property plant and equipment 11
Impairment loss recognised in profit or loss, property, plant and equipment 0
Reversal of impairment loss recognised in profit or loss, property, plant
0
and equipment
Impairment loss recognised in other comprehensive income, property, plant
0
and equipment
Reversal of impairment loss recognised in other comprehensive income,
0
property, plant and equipment
Increase (decrease) through transfers and other changes, property, plant
and equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0
Increase (decrease) through other changes, property, plant and equipment 0
Total increase (decrease) through transfers and other changes,
0
property, plant and equipment
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0
Retirements, property, plant and equipment 0
Total disposals and retirements, property, plant and equipment 0
Decrease through classified as held for sale, property, plant and equipment 0
Decrease through loss of control of subsidiary, property, plant and
0
equipment
Total increase (decrease) in property, plant and equipment 11
Property, plant and equipment at end of period 25 14

238
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (51)

Measurement bases, property, plant and equipment

Freehold land is carried at historical cost. All other items of property, plant and equipment are stated at historical cost less depreciation. Historical
cost includes expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the asset’s carrying amount
or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the
Company and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is
derecognised when replaced. All other repairs and maintenance are charged to profit or loss during the reporting period in which they are
incurred. Gains or losses on disposals are determined by comparing proceeds with carrying amount. These are included in profit or loss within
other income/(expenses).

Textual information (52)

Measurement bases, property, plant and equipment

Freehold land is carried at historical cost. All other items of property, plant and equipment are stated at historical cost less depreciation. Historical
cost includes expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the asset’s carrying amount
or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the
Company and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is
derecognised when replaced. All other repairs and maintenance are charged to profit or loss during the reporting period in which they are
incurred. Gains or losses on disposals are determined by comparing proceeds with carrying amount. These are included in profit or loss within
other income/(expenses).

Textual information (53)

Measurement bases, property, plant and equipment

Freehold land is carried at historical cost. All other items of property, plant and equipment are stated at historical cost less depreciation. Historical
cost includes expenditure that is directly attributable to the acquisition of the items

Textual information (54)

Useful lives or depreciation rates, property, plant and equipment

The estimates of useful lives are as follows: Asset Useful life followed by the Company (Years) Useful life specified by Schedule II (Years)
Buildings 4 to 25 30 to 60 Plant and machinery 2 to 10 15 Electrical installations 4, 10 10 Furniture and fixtures 4, 10 10 Office equipments 4 5
Vehicles 4 8 Leasehold land 20 - Leasehold improvements Over the period of the lease - All assets whose cost is Rs. 5 Thousands or less are fully
depreciated in the year of addition.

Textual information (55)

Useful lives or depreciation rates, property, plant and equipment

The estimates of useful lives are as follows: Asset Useful life followed by the Company (Years) Useful life specified by Schedule II (Years)
Buildings 4 to 25 30 to 60 Plant and machinery 2 to 10 15 Electrical installations 4, 10 10 Furniture and fixtures 4, 10 10 Office equipments 4 5
Vehicles 4 8 Leasehold land 20 - Leasehold improvements Over the period of the lease - All assets whose cost is Rs. 5 Thousands or less are fully
depreciated in the year of addition.

Textual information (56)

Useful lives or depreciation rates, property, plant and equipment

The estimates of useful lives are as follows: Asset Useful life followed by the Company (Years) Useful life specified by Schedule II (Years)
Buildings 4 to 25 30 to 60 Plant and machinery 2 to 10 15 Electrical installations 4, 10 10 Furniture and fixtures 4, 10 10 Office equipments 4 5
Vehicles 4 8 Leasehold land 20 - Leasehold improvements Over the period of the lease - All assets whose cost is Rs. 5 Thousands or less are fully
depreciated in the year of addition.

239
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (57)

Measurement bases, property, plant and equipment

Freehold land is carried at historical cost. All other items of property, plant and equipment are stated at historical cost less depreciation. Historical
cost includes expenditure that is directly attributable to the acquisition of the items

Textual information (58)

Useful lives or depreciation rates, property, plant and equipment

The estimates of useful lives are as follows: Asset Useful life followed by the Company (Years) Useful life specified by Schedule II (Years)
Buildings 4 to 25 30 to 60 Plant and machinery 2 to 10 15 Electrical installations 4, 10 10 Furniture and fixtures 4, 10 10 Office equipments 4 5
Vehicles 4 8 Leasehold land 20 - Leasehold improvements Over the period of the lease - All assets whose cost is Rs. 5 Thousands or less are fully
depreciated in the year of addition.

[612100] Notes - Impairment of assets

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of impairment of assets [TextBlock]
Disclosure of impairment loss and reversal of impairment loss [TextBlock]
Whether there is any impairment loss or reversal of impairment loss
No No
during the year
Disclosure of information for impairment loss recognised or reversed
for individual Assets or cash-generating unit [TextBlock]
Whether impairment loss recognised or reversed for individual Assets
No No
or cash-generating unit

[400700] Notes - Investment property

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of investment property [TextBlock]
Depreciation method, investment property, cost model NA NA
Useful lives or depreciation rates, investment property, cost model NA NA

240
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[400900] Notes - Other intangible assets

Disclosure of detailed information about other intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and gross Gross carrying
Carrying amount [Member]
carrying amount [Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of other intangible assets [TextBlock]
Disclosure of detailed information about other
intangible assets [TextBlock]
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
12 4 12
combinations
Acquisitions through business combinations 0 0 0
Increase (decrease) through net exchange
0 0 0
differences
Amortisation other intangible assets -5 -6
Impairment loss recognised in profit or
0 0
loss
Reversal of impairment loss recognised
0 0
in profit or loss
Revaluation increase (decrease), other
0 0 0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0 0
transfers, other intangible assets
Increase (decrease) through other
0 0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
7 -2 12
intangible assets
Other intangible assets at end of period 14 7 9 28

241
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about other intangible assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and gross Accumulated amortization and
Gross carrying amount [Member]
carrying amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of other intangible assets [TextBlock]
Disclosure of detailed information about other
intangible assets [TextBlock]
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
4
combinations
Acquisitions through business combinations 0
Increase (decrease) through net exchange
0
differences
Amortisation other intangible assets 5 6
Impairment loss recognised in profit or
0 0
loss
Reversal of impairment loss recognised
0 0
in profit or loss
Revaluation increase (decrease), other
0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0 0
transfers, other intangible assets
Increase (decrease) through other
0 0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
4 5 6
intangible assets
Other intangible assets at end of period 16 12 14 9

242
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about other intangible assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally
generated and
other than
Sub classes of other intangible assets [Axis] internally Intangible assets other than internally generated [Member]
generated
intangible assets
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and gross amortization and
Carrying amount [Member]
carrying amount [Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of other intangible assets [TextBlock]
Disclosure of detailed information about other
intangible assets [TextBlock]
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
12 4
combinations
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange
0 0
differences
Amortisation other intangible assets -5 -6
Impairment loss recognised in profit or
0 0
loss
Reversal of impairment loss recognised
0 0
in profit or loss
Revaluation increase (decrease), other
0 0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0
transfers, other intangible assets
Increase (decrease) through other
0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements,
0 0
Other intangible assets
Decrease through classified as held for
0 0
sale
Decrease through loss of control of
0 0
subsidiary
Total increase (decrease) in Other
7 -2
intangible assets
Other intangible assets at end of period 3 14 7 9

243
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about other intangible assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Accumulated
Carrying amount accumulated amortization and impairment and gross amortization and
Gross carrying amount [Member]
carrying amount [Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of other intangible assets [TextBlock]
Disclosure of detailed information about other
intangible assets [TextBlock]
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
12 4
combinations
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange
0 0
differences
Amortisation other intangible assets 5
Impairment loss recognised in profit or
0
loss
Reversal of impairment loss recognised
0
in profit or loss
Revaluation increase (decrease), other
0 0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0 0
transfers, other intangible assets
Increase (decrease) through other
0 0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
12 4 5
intangible assets
Other intangible assets at end of period 28 16 12 14

244
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about other intangible assets [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Company other intangible assets
Classes of other intangible assets [Axis] Computer software [Member]
[Member]
Intangible assets other than internally Intangible assets other than internally
Sub classes of other intangible assets [Axis]
generated [Member] generated [Member]
Carrying amount accumulated amortization and impairment and gross Accumulated amortization and
Carrying amount [Member]
carrying amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of other intangible assets [TextBlock]
Disclosure of detailed information about other
intangible assets [TextBlock]
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
12 4
combinations
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange
0 0
differences
Amortisation other intangible assets 6 -5 -6
Impairment loss recognised in profit or
0 0 0
loss
Reversal of impairment loss recognised
0 0 0
in profit or loss
Revaluation increase (decrease), other
0 0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0 0
transfers, other intangible assets
Increase (decrease) through other
0 0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
6 7 -2
intangible assets
Other intangible assets at end of period 9 3 14 7

245
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about other intangible assets [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Computer software [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross Carrying amount
Gross carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of other intangible assets [TextBlock]
Disclosure of detailed information about other
intangible assets [TextBlock]
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
12 4
combinations
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange
0 0
differences
Revaluation increase (decrease), other
0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0
transfers, other intangible assets
Increase (decrease) through other
0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements,
0 0
Other intangible assets
Decrease through classified as held for
0 0
sale
Decrease through loss of control of
0 0
subsidiary
Total increase (decrease) in Other
12 4
intangible assets
Other intangible assets at end of period 9 28 16 12

246
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about other intangible assets [Table] ..(7)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Computer software [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
Accumulated amortization and impairment [Member]
[Axis]
01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of other intangible assets [TextBlock]
Disclosure of detailed information about other intangible assets
[TextBlock]
Disclosure of detailed information about other intangible assets
[Abstract]
Disclosure of detailed information about other intangible assets
[Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 5 6
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Impairment loss recognised in other comprehensive
0 0
income, other intangible assets
Reversal of impairment loss recognised in other
0 0
comprehensive income, other intangible assets
Increase (decrease) through transfers and other
changes, other intangible assets [Abstract]
Increase (decrease) through transfers, other intangible
0 0
assets
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and
0 0
other changes, Other intangible assets
Disposals and retirements, other intangible assets
[Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 5 6
Other intangible assets at end of period 14 9 3

Disclosure of additional information about other intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than
Intangible assets other than internally
Sub classes of other intangible assets [Axis] internally generated intangible assets
generated [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of other intangible assets [TextBlock]
Disclosure of detailed information about other
intangible assets [TextBlock]
Disclosure of additional information about other
intangible assets [Abstract]
Disclosure of additional information about
other intangible assets [Line items]
Description of line item(s) in statement of
comprehensive income in which amortisation Computer software Computer software Computer software Computer software
of intangible assets is included
Textual information Textual information Textual information Textual information
Amortisation method, other intangible assets (59) [See below] (60) [See below] (61) [See below] (62) [See below]
Useful lives or amortisation rates, other
4 4 4 4
intangible assets
Whether other intangible assets are stated at
No No No No
revalued amount

247
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of additional information about other intangible assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Computer software [Member]
Internally generated and other than
Intangible assets other than internally
Sub classes of other intangible assets [Axis] internally generated intangible assets
generated [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of other intangible assets [TextBlock]
Disclosure of detailed information about other
intangible assets [TextBlock]
Disclosure of additional information about other
intangible assets [Abstract]
Disclosure of additional information about
other intangible assets [Line items]
Description of line item(s) in statement of
comprehensive income in which amortisation Computer software Computer software Computer software Computer software
of intangible assets is included
Textual information Textual information Textual information Textual information
Amortisation method, other intangible assets (63) [See below] (64) [See below] (65) [See below] (66) [See below]
Useful lives or amortisation rates, other
4 4 4 4
intangible assets
Whether other intangible assets are stated at
No No No No
revalued amount

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of other intangible assets [TextBlock]
Disclosure of detailed information about other intangible assets
[TextBlock]
Disclosure of intangible assets with indefinite useful life [TextBlock]
Whether there are intangible assets with indefinite useful life No No

Textual information (59)

Amortisation method, other intangible assets

Amortisation methods and periods The Company amortises intangible assets with a finite useful life using the straight-line method over the
following periods: Asset Useful life followed by the Company (Years) Goodwill * 3 years and 3 months Maintenance portfolio * 3 years and 3
months Computer software 4 * Goodwill and Maintenance portfolio acquired on amalgamation is amortised on a straight-line basis over the
balance useful life (as on 'Appointed Date' of amalgamation - January 1, 2011) of 3 years and 3 months.

Textual information (60)

Amortisation method, other intangible assets

Amortisation methods and periods The Company amortises intangible assets with a finite useful life using the straight-line method over the
following periods: Asset Useful life followed by the Company (Years) Goodwill * 3 years and 3 months Maintenance portfolio * 3 years and 3
months Computer software 4 * Goodwill and Maintenance portfolio acquired on amalgamation is amortised on a straight-line basis over the
balance useful life (as on 'Appointed Date' of amalgamation - January 1, 2011) of 3 years and 3 months.

Textual information (61)

Amortisation method, other intangible assets

* Goodwill and Maintenance portfolio acquired on amalgamation is amortised on a straight-line basis over the balance useful life (as on
'Appointed Date' of amalgamation - January 1, 2011) of 3 years and 3 months.

248
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (62)

Amortisation method, other intangible assets

* Goodwill and Maintenance portfolio acquired on amalgamation is amortised on a straight-line basis over the balance useful life (as on
'Appointed Date' of amalgamation - January 1, 2011) of 3 years and 3 months.

Textual information (63)

Amortisation method, other intangible assets

* Goodwill and Maintenance portfolio acquired on amalgamation is amortised on a straight-line basis over the balance useful life (as on
'Appointed Date' of amalgamation - January 1, 2011) of 3 years and 3 months.

Textual information (64)

Amortisation method, other intangible assets

* Goodwill and Maintenance portfolio acquired on amalgamation is amortised on a straight-line basis over the balance useful life (as on
'Appointed Date' of amalgamation - January 1, 2011) of 3 years and 3 months.

Textual information (65)

Amortisation method, other intangible assets

* Goodwill and Maintenance portfolio acquired on amalgamation is amortised on a straight-line basis over the balance useful life (as on
'Appointed Date' of amalgamation - January 1, 2011) of 3 years and 3 months.

Textual information (66)

Amortisation method, other intangible assets

* Goodwill and Maintenance portfolio acquired on amalgamation is amortised on a straight-line basis over the balance useful life (as on
'Appointed Date' of amalgamation - January 1, 2011) of 3 years and 3 months.

[401000] Notes - Biological assets other than bearer plants

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of biological assets, agriculture produce at point of
harvest and government grants related to biological assets
[TextBlock]
Depreciation method, biological assets other than bearer plants, at cost NA NA
Useful lives or depreciation rates, biological assets other than bearer
NA NA
plants, at cost

249
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[611100] Notes - Financial instruments

Disclosure of financial assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Financial assets at amortised cost, class
Classes of financial assets [Axis] Trade receivables [Member]
[Member]
Financial assets at amortised cost, Financial assets at amortised cost,
Categories of financial assets [Axis]
category [Member] category [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial instruments [TextBlock]
Disclosure of financial assets [TextBlock]
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 4,232 4,667 3,141 2,771
Financial assets, at fair value 0 0 0 0
Loans, Other f inanc Loans, Other f inanc i Loans, Other f inanc Loans, Other f inanc i
Description of other financial assets at i a l assets,Cash a n a l assets,Cash a n d c i a l assets,Cash a n a l assets,Cash a n d c
amortised cost class d c a s h equivalents, a s h equivalents, d c a s h equivalents, a s h equivalents,
Other bank balances Other bank balances Other bank balances Other bank balances
Description of other financial assets at fair
NA NA NA NA
value class

Disclosure of financial assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Other financial assets at amortised cost Other financial assets at amortised cost
Classes of financial assets [Axis]
class [Member] class 1 [Member]
Financial assets at amortised cost, Financial assets at amortised cost,
Categories of financial assets [Axis]
category [Member] category [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial instruments [TextBlock]
Disclosure of financial assets [TextBlock]
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1,091 1,896 1,091 1,896
Financial assets, at fair value 0 0 0 0
Loans, Other f inanc Loans, Other f inanc i Loans, Other f inanc Loans, Other f inanc i
Description of other financial assets at i a l assets,Cash a n a l assets,Cash a n d c i a l assets,Cash a n a l assets,Cash a n d c
amortised cost class d c a s h equivalents, a s h equivalents, d c a s h equivalents, a s h equivalents,
Other bank balances Other bank balances Other bank balances Other bank balances
Description of other financial assets at fair
NA NA NA NA
value class

Disclosure of financial liabilities [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Financial liabilities at amortised cost,
Classes of financial liabilities [Axis]
class [Member]
Financial liabilities at amortised cost,
Categories of financial liabilities [Axis]
category [Member]
31/03/2020 31/03/2019
Disclosure of financial instruments [TextBlock]
Disclosure of financial liabilities [TextBlock]
Disclosure of financial liabilities [Abstract]
Disclosure of financial liabilities [Line items]
Financial liabilities 3,472 3,753
Financial liabilities, at fair value 0 0

250
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[611600] Notes - Non-current asset held for sale and discontinued operations
Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of non-current assets held for sale and discontinued operations
[TextBlock]
Net cash flows from (used in) operating activities, continuing
943 1,745
operations
Net cash flows from (used in) operating activities 943 1,745
Net cash flows from (used in) investing activities, continuing
-1,555 173
operations
Net cash flows from (used in) investing activities -1,555 173
Net cash flows from (used in) financing activities, continuing
-186 -1,938
operations
Net cash flows from (used in) financing activities, discontinued
0 0
operations
Net cash flows from (used in) financing activities -186 -1,938

251
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[400100] Notes - Equity share capital

Disclosure of classes of equity share capital [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Equity shares 1
Classes of equity share capital [Axis] Equity shares [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of notes on equity share capital explanatory
[TextBlock]
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line
items]
Type of share EQUITY
Number of shares authorised [shares] 9,27,60,000 [shares] 9,27,60,000 [shares] 9,27,60,000
Value of shares authorised 927.6 927.6 927.6
Number of shares issued [shares] 3,49,47,195 [shares] 3,49,47,195 [shares] 3,49,47,195
Value of shares issued 349.47195 349.47195 349.47195
Number of shares subscribed and fully paid [shares] 3,49,47,195 [shares] 3,49,47,195 [shares] 3,49,47,195
Value of shares subscribed and fully paid 349.47195 349.47195 349.47195
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 3,49,47,195 [shares] 3,49,47,195 [shares] 3,49,47,195
Total value of shares subscribed 349.47195 349.47195 349.47195
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 3,49,47,195 [shares] 3,49,47,195 [shares] 3,49,47,195
Value of shares called 349.47195 349.47195 349.47195
Calls unpaid [Abstract]
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0
Calls unpaid by officers 0 0 0
Total calls unpaid by directors and
0 0 0
officers
Calls unpaid by others 0 0 0
Total calls unpaid 0 0 0
Forfeited shares 0 0 0
Forfeited shares reissued 0 0 0
Value of shares paid-up 349.47195 349.47195 349.47195
Par value per share [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0
Number of shares issued in private
placement arising out of conversion of
[shares] 0 [shares] 0 [shares] 0
debentures preference shares during
period
Number of shares issued in other private
[shares] 0 [shares] 0 [shares] 0
placement
Number of shares issued as preferential
allotment arising out of conversion of
[shares] 0 [shares] 0 [shares] 0
debentures preference shares during
period
Number of shares issued as other
[shares] 0 [shares] 0 [shares] 0
preferential allotment

252
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Number of shares issued in shares based

[shares] 0 [shares] 0 [shares] 0
payment transactions
Number of shares issued under scheme of
[shares] 0 [shares] 0 [shares] 0
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee
[shares] 0 [shares] 0 [shares] 0
stock option plan
Number of other issue of shares
arising out of conversion of [shares] 0 [shares] 0 [shares] 0
securities
Total aggregate number of shares issued
[shares] 0 [shares] 0 [shares] 0
during period
Decrease in number of shares during period
[Abstract]
Number of shares bought back or treasury
[shares] 0 [shares] 0 [shares] 0
shares
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0
Total decrease in number of shares during
[shares] 0 [shares] 0 [shares] 0
period
Total increase (decrease) in number of
[shares] 0 [shares] 0 [shares] 0
shares outstanding
Number of shares outstanding at end of period [shares] 34.947195 [shares] 34.947195 [shares] 34.947195 [shares] 34.947195
Reconciliation of value of shares outstanding
[Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during
period [Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
Amount of rights issue during period 0 0 0
Amount of private placement issue
arising out of conversion of debentures 0 0 0
preference shares during period
Amount of other private placement issue
0 0 0
during period
Amount of preferential allotment issue
arising out of conversion of debentures 0 0 0
preference shares during period
Amount of other preferential allotment
0 0 0
issue during period
Amount of share based payment
0 0 0
transactions during period
Amount of issue under scheme of
0 0 0
amalgamation during period
Amount of other issues during period 0 0 0
Amount of shares issued under employee
0 0 0
stock option plan
Amount of other issue arising out of
conversion of securities during 0 0 0
period
Total aggregate amount of increase
0 0 0
in equity share capital during period
Decrease in equity share capital during
period [Abstract]
Decrease in amount of treasury shares
0 0 0
or shares bought back
Other decrease in amount of shares 0 0 0
Total decrease in equity share capital
0 0 0
during period
Total increase (decrease) in share capital 0 0 0
Equity share capital at end of period 349 349 349.47195 349.47195
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 3,49,46,961 [shares] 3,49,46,961 [shares] 3,49,46,961
Shares in company held by ultimate holding
[shares] 0 [shares] 0 [shares] 0
company
Shares in company held by subsidiaries of its
[shares] 0 [shares] 0 [shares] 0
holding company

253
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Shares in company held by subsidiaries of its

[shares] 0 [shares] 0 [shares] 0
ultimate holding company
Shares in company held by associates of its
[shares] 0 [shares] 0 [shares] 0
holding company
Shares in company held by associates of its
[shares] 0 [shares] 0 [shares] 0
ultimate holding company
Total shares in company held by holding company
or ultimate holding company or by its [shares] 3,49,46,961 [shares] 3,49,46,961 [shares] 3,49,46,961
subsidiaries or associates
Shares reserved for issue under options
and contracts or commitments for sale of [shares] 0 [shares] 0 [shares] 0
shares or disinvestment
Amount of shares reserved for issue under options
and contracts or commitments for sale of shares or 0 0 0
disinvestment
Aggregate number of fully paid-up shares issued
pursuant to contracts without payment being [shares] 0 [shares] 0 [shares] 0
received in cash during last five years
Aggregate number of fully paid up shares
issued by way of bonus shares during last [shares] 0 [shares] 0 [shares] 0
five years
Aggregate number of shares bought back during
[shares] 0 [shares] 0 [shares] 0
last five years
Original paid-up value of forfeited shares 0 0 0
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Application money received for
allotment of securities and due for 0 0 0
refund, principal
Application money received for
allotment of securities and due for 0 0 0
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0 0
Type of share EQUITY

254
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of classes of equity share capital [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
01/04/2018
to 31/03/2018
31/03/2019
Disclosure of notes on equity share capital explanatory [TextBlock]
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Type of share EQUITY
Number of shares authorised [shares] 9,27,60,000
Value of shares authorised 927.6
Number of shares issued [shares] 3,49,47,195
Value of shares issued 349.47195
Number of shares subscribed and fully paid [shares] 3,49,47,195
Value of shares subscribed and fully paid 349.47195
Number of shares subscribed but not fully paid [shares] 0
Value of shares subscribed but not fully paid 0
Total number of shares subscribed [shares] 3,49,47,195
Total value of shares subscribed 349.47195
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 3,49,47,195
Value of shares called 349.47195
Calls unpaid [Abstract]
Calls unpaid by directors and officers [Abstract]
Calls unpaid by directors 0
Calls unpaid by officers 0
Total calls unpaid by directors and officers 0
Calls unpaid by others 0
Total calls unpaid 0
Forfeited shares 0
Forfeited shares reissued 0
Value of shares paid-up 349.47195
Par value per share [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in public offering [shares] 0
Number of shares issued as bonus shares [shares] 0
Number of shares issued as rights [shares] 0
Number of shares issued in private placement arising out of conversion
[shares] 0
of debentures preference shares during period
Number of shares issued in other private placement [shares] 0
Number of shares issued as preferential allotment arising out of
[shares] 0
conversion of debentures preference shares during period
Number of shares issued as other preferential allotment [shares] 0
Number of shares issued in shares based payment transactions [shares] 0
Number of shares issued under scheme of amalgamation [shares] 0
Number of other issues of shares [shares] 0
Number of shares issued under employee stock option plan [shares] 0
Number of other issue of shares arising out of conversion of securities [shares] 0
Total aggregate number of shares issued during period [shares] 0
Decrease in number of shares during period [Abstract]
Number of shares bought back or treasury shares [shares] 0
Other decrease in number of shares [shares] 0
Total decrease in number of shares during period [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0
Number of shares outstanding at end of period [shares] 34.947195 [shares] 34.947195
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of public issue during period 0
Amount of bonus issue during period 0

255
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Amount of rights issue during period 0

Amount of private placement issue arising out of conversion of
0
debentures preference shares during period
Amount of other private placement issue during period 0
Amount of preferential allotment issue arising out of conversion of
0
debentures preference shares during period
Amount of other preferential allotment issue during period 0
Amount of share based payment transactions during period 0
Amount of issue under scheme of amalgamation during period 0
Amount of other issues during period 0
Amount of shares issued under employee stock option plan 0
Amount of other issue arising out of conversion of securities during period 0
Total aggregate amount of increase in equity share capital during period 0
Decrease in equity share capital during period [Abstract]
Decrease in amount of treasury shares or shares bought back 0
Other decrease in amount of shares 0
Total decrease in equity share capital during period 0
Total increase (decrease) in share capital 0
Equity share capital at end of period 349.47195 349.47195
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
Shares in company held by holding company [shares] 3,49,46,961
Shares in company held by ultimate holding company [shares] 0
Shares in company held by subsidiaries of its holding company [shares] 0
Shares in company held by subsidiaries of its ultimate holding company [shares] 0
Shares in company held by associates of its holding company [shares] 0
Shares in company held by associates of its ultimate holding company [shares] 0
Total shares in company held by holding company or ultimate holding company
[shares] 3,49,46,961
or by its subsidiaries or associates
Shares reserved for issue under options and contracts or commitments for sale of
[shares] 0
shares or disinvestment
Amount of shares reserved for issue under options and contracts or commitments
0
for sale of shares or disinvestment
Aggregate number of fully paid-up shares issued pursuant to contracts
[shares] 0
without payment being received in cash during last five years
Aggregate number of fully paid up shares issued by way of bonus shares during last
[shares] 0
five years
Aggregate number of shares bought back during last five years [shares] 0
Original paid-up value of forfeited shares 0
Details of application money received for allotment of securities and due for
refund and interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund,
0
principal
Application money received for allotment of securities and due for refund,
0
interest accrued
Total application money received for allotment of securities and due for
0
refund and interest accrued thereon
Number of shares proposed to be issued [shares] 0
Share premium for shares to be allotted 0
Type of share EQUITY

256
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of shareholding more than five per cent in company [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Name of shareholder [Member] Shareholder 1 [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of notes on equity share capital explanatory
[TextBlock]
Type of share EQUITY EQUITY EQUITY EQUITY
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share EQUITY EQUITY EQUITY EQUITY
Name of shareholder KONE OYJ KONE OYJ KONE OYJ KONE OYJ
Country of incorporation or residence of
FINLAND FINLAND FINLAND FINLAND
shareholder
Number of shares held in company [shares] 34.946961 [shares] 34.946961 [shares] 34.946961 [shares] 34.946961
Percentage of shareholding in company 99.99% 99.99% 99.99% 99.99%

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of notes on equity share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Whether money raised from public offering during year No No

257
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[612700] Notes - Income taxes

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] Temporary differences [Member] differences
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of income tax [TextBlock]
Deferred tax relating to items credited (charged)
-19 -343 -19
directly to equity
Disclosure of temporary difference, unused tax
losses and unused tax credits [TextBlock]
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 740 859 740
Deferred tax liabilities 0 0 0
Net deferred tax liability (assets) -740 -859 -489 -740
Net deferred tax assets and liabilities
[Abstract]
Net deferred tax assets 740 859 740
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
138 -30 138
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
138 -30 138
recognised in profit or loss
Deferred tax relating to items
-19 -343 -19
credited (charged) directly to equity
Aggregated income tax relating to
components of other comprehensive 3
income
Total increase (decrease) in deferred
119 -370 119
tax liability (assets)
Deferred tax liability (assets) at end of
-740 -859 -489 -740
period
Textual information (67) Textual information (68) Textual information
Description of other temporary differences [See below] [See below] (69) [See below]

258
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(2)
Unless otherwise specified, all monetary values are in Millions of INR
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences [Member] Other temporary differences 1 [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of income tax [TextBlock]
Deferred tax relating to items credited (charged)
-343 -19 -343
directly to equity
Disclosure of temporary difference, unused tax
losses and unused tax credits [TextBlock]
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 859 740 859
Deferred tax liabilities 0 0 0
Net deferred tax liability (assets) -859 -489 -740 -859
Net deferred tax assets and liabilities
[Abstract]
Net deferred tax assets 859 740 859
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
-30 138 -30
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
-30 138 -30
recognised in profit or loss
Deferred tax relating to items
-343 -19 -343
credited (charged) directly to equity
Aggregated income tax relating to
components of other comprehensive 3 3
income
Total increase (decrease) in deferred
-370 119 -370
tax liability (assets)
Deferred tax liability (assets) at end of
-859 -489 -740 -859
period
Textual information (70) [See Textual information Textual information
Description of other temporary differences below] (71) [See below] (72) [See below]

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(3)
Unless otherwise specified, all monetary values are in Millions of INR
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] differences 1
[Member]
31/03/2018
Disclosure of income tax [TextBlock]
Disclosure of temporary difference, unused tax losses and unused tax credits [TextBlock]
Disclosure of temporary difference, unused tax losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Net deferred tax liability (assets) -489
Reconciliation of changes in deferred tax liability (assets) [Abstract]
Deferred tax liability (assets) at end of period -489

259
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of income tax [TextBlock]
Major components of tax expense (income) [Abstract]
Current tax expense (income) and adjustments for current tax of prior
periods [Abstract]
Current tax expense (income) 862 1,033
Total current tax expense (income) and adjustments for current tax
862 1,033
of prior periods
Deferred tax expense (income) relating to origination and reversal of
138 -30
temporary differences
Total tax expense (income) 1,000 1,003
Current and deferred tax relating to items charged or credited directly
to equity [Abstract]
Deferred tax relating to items credited (charged) directly to equity
Disclosure of temporary difference, unused tax losses and unused tax
credits [TextBlock]
Disclosure of temporary difference, unused tax losses and unused tax
credits [Abstract]
Disclosure of temporary difference, unused tax losses and unused
tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets
Deferred tax liabilities
Net deferred tax liability (assets)
Net deferred tax assets and liabilities [Abstract]
Net deferred tax assets
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income) recognised in profit or loss
Reconciliation of changes in deferred tax liability (assets)
[Abstract]
Changes in deferred tax liability (assets) [Abstract]
Deferred tax expense (income) recognised in profit or loss
Deferred tax relating to items credited (charged) directly
to equity
Aggregated income tax relating to components of other
comprehensive income
Total increase (decrease) in deferred tax liability (assets)
Description of other temporary differences
Reconciliation of accounting profit multiplied by applicable tax rates
[Abstract]
Other tax effects for reconciliation between accounting profit and tax
1,000 1,003
expense (income)
Total tax expense (income) 1,000 1,003

Textual information (67)

Description of other temporary differences

Allowance for doubtful debts Difference between book and tax written down values of depreciable property, plant and equipment and intangible
assets Expenses disallowed under Section 43B, 40(a)(i) and 40(a)(ia) of the Income Tax Act, 1961 , Lease liablility and right of use assets.

Textual information (68)

Description of other temporary differences

Allowance for doubtful debts Difference between book and tax written down values of depreciable property, plant and equipment and intangible
assets Expenses disallowed under Section 43B, 40(a)(i) and 40(a)(ia) of the Income Tax Act, 1961 ,

260
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (69)

Description of other temporary differences

Allowance for doubtful debts Difference between book and tax written down values of depreciable property, plant and equipment and intangible
assets Expenses disallowed under Section 43B, 40(a)(i) and 40(a)(ia) of the Income Tax Act, 1961 , Lease liablility and right of use assets.

Textual information (70)

Description of other temporary differences

Allowance for doubtful debts Difference between book and tax written down values of depreciable property, plant and equipment and intangible
assets Expenses disallowed under Section 43B, 40(a)(i) and 40(a)(ia) of the Income Tax Act, 1961 ,

Textual information (71)

Description of other temporary differences

Allowance for doubtful debts Difference between book and tax written down values of depreciable property, plant and equipment and intangible
assets Expenses disallowed under Section 43B, 40(a)(i) and 40(a)(ia) of the Income Tax Act, 1961 , Lease liablility and right of use assets.

Textual information (72)

Description of other temporary differences

Allowance for doubtful debts Difference between book and tax written down values of depreciable property, plant and equipment and intangible
assets Expenses disallowed under Section 43B, 40(a)(i) and 40(a)(ia) of the Income Tax Act, 1961 ,

[611000] Notes - Exploration for and evaluation of mineral resources

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of exploration and evaluation assets [TextBlock]
Whether there are any exploration and evaluation activities No No

[611900] Notes - Accounting for government grants and disclosure of government assistance
Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of accounting for government grants and disclosure of government
assistance [TextBlock]
Whether company has received any government grant or government assistance No No
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0

261
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[401100] Notes - Subclassification and notes on liabilities and assets

Other current financial assets others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other current financial assets others [Axis] Column 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock]
Subclassification and notes on liabilities and assets [Abstract]
Other current financial assets [Abstract]
Other current financial assets others 9 20
Other current financial assets others [Abstract]
Other current financial assets others [Line items]
INTEREST INTEREST
ACCURED ON ACCURED ON
Description other current financial assets others DEPOSIT WITH DEPOSIT WITH
BANKS AND BANKS AND
OTHERS OTHERS
Other current financial assets others 9 20

Other current assets others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other current assets others [Axis] Column 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock]
Subclassification and notes on liabilities and assets [Abstract]
Other current assets notes [Abstract]
Other current assets [Abstract]
Other current assets, others 1,705 1,966
Other current assets others [Abstract]
Other current assets others [Line items]
CONTRACT CONTRACT
ASSETS AND ASSETS AND
UNBILLED UNBILLED
RECEIVABLES, RECEIVABLES,
PREPAID PREPAID
EXPENSES, EXPENSES,
Description of other current assets others DEFERED RENT, DEFERED RENT,
BALANCES WITH BALANCES WITH
GOVERNMENT GOVERNMENT
AUTHORITIES AUTHORITIES AND
AND ADVANCES ADVANCES TO
TO VENDORS VENDORS
Other current assets, others 1,705 1,966

262
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of loans [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Classification based on current non-current [Member]
Classification of loans [Axis] Loans [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Secured considered good [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 262 241 130 83
Allowance for bad and doubtful loans 0 0 0 0
Total loans 262 241 130 83
Details of loans to related parties NA NA NA NA
Nature of other loans LOANS LOANS SECURED LOAN SECURED LOAN
Details of loans due by directors, other
officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Loans due by others 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
Loans due by private companies in
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

263
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of loans [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current
Classification based on current non-current [Axis] Non-current [Member]
non-current [Member]
Classification of loans [Axis] Loans [Member] Security deposits [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 132 158 118 146
Allowance for bad and doubtful loans 0 0 0 0
Total loans 132 158 118 146
Details of loans to related parties NA NA NA NA
UNSECURED
Nature of other loans LOAN
UNSECURED LOAN DEPOSITS DEPOSITS

Details of loans due by directors, other

officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Loans due by others 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
Loans due by private companies in
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

264
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of loans [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
Classification of loans [Axis] Loans given employees [Member] Security deposits [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Secured considered good [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 14 12 110 62
Allowance for bad and doubtful loans 0 0 0 0
Total loans 14 12 110 62
Details of loans to related parties NA NA NA NA
LOANS TO LOANS TO
Nature of other loans EMPLOYEES EMPLOYEES
DEPOSITS DEPOSITS

Details of loans due by directors, other

officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Loans due by others 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
Loans due by private companies in
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

265
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of loans [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Classification of loans [Axis] Loans given employees [Member]
Classification of assets based on security [Axis] Secured considered good [Member]
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock]
Subclassification and notes on liabilities and assets [Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 20 21
Allowance for bad and doubtful loans 0 0
Total loans 20 21
Details of loans to related parties NA NA
LOANS TO LOANS TO
Nature of other loans EMPLOYEES EMPLOYEES
Details of loans due by directors, other officers or others [Abstract]
Loans due by directors 0 0
Loans due by other officers 0 0
Loans due by others 0 0
Total loans due by directors, other officers or others 0 0
Details of loans due by firms or companies in which any director is partner
or director [Abstract]
Loans due by firms in which any director is partner 0 0
Loans due by private companies in which any director is director 0 0
Loans due by private companies in which any director is member 0 0
Total loans due by firms or companies in which any director is partner or
0 0
director

Classification of inventories [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification of inventories [Axis] Company inventories [Member] Raw materials [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 1,368 1,268 634 464
Goods in transit 113 252 113 252
Textual information Textual information Textual information Textual information
Mode of valuation (73) [See below] (74) [See below] (75) [See below] (76) [See below]

266
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Classification of inventories [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classification of inventories [Axis] Work-in-progress [Member] Stores and spares [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 288 258 333 294
Goods in transit 0 0 0 0
Textual information Textual information Textual information Textual information
Mode of valuation (77) [See below] (78) [See below] (79) [See below] (80) [See below]

Other non-current assets, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other non-current assets, others [Axis] Column 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock]
Subclassification and notes on liabilities and assets [Abstract]
Other non-current assets notes [Abstract]
Other non-current assets [Abstract]
Other non-current assets, others 202 193
Other non-current assets, others [Abstract]
Other non-current assets, others [Line items]
BALANCES WITH BALANCES WITH
Description of other non-current assets, others GOVERNMENT GOVERNMENT
AUTHORITIES AUTHORITIES
Other non-current assets, others 202 193

Other current liabilities, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other current liabilities, others [Axis] Column 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock]
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of other current liabilities notes [Abstract]
Other current liabilities [Abstract]
Other current liabilities, others 5,107 5,217
Other current liabilities, others [Abstract]
Other current liabilities, others [Line items]
Contract Liabilities,
Contract Liabilities,
Employees benefit
Employees benefit
obligations, Dues
obligations, Dues
Description of other current liabilities, others payable to
payable to
government
government
authorities and
authorities and others.
others.
Other current liabilities, others 5,107 5,217

267
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Other non-current financial liabilities others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other non-current financial liabilities others [Axis] Column 1
01/04/2018
to 31/03/2020
31/03/2019
Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock]
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of other non-current financial liabilities notes [Abstract]
Other non-current financial liabilities [Abstract]
Other non-current financial liabilities, others 0 379
Other non-current financial liabilities others [Abstract]
Other non-current financial liabilities others [Line items]
Description other non-current financial liabilities others LEASE LIABILITY
Other non-current financial liabilities, others 0 379

Other non-current liabilities others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other non-current liabilities others [Axis] Column 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock]
Subclassification and notes on liabilities and assets [Abstract]
Other non-current liabilities [Abstract]
Other non-current liabilities others 197 152
Other non-current liabilities others [Abstract]
Other non-current liabilities others [Line items]
EMPLOYEE EMPLOYEE
Description of other non-current liabilities others BENEFIT BENEFIT
OBLIGATIONS OBLIGATIONS
Other non-current liabilities others 197 152

Other current financial liabilities, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other current financial liabilities, others [Axis] Column 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock]
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of other current financial liabilities notes [Abstract]
Other current financial liabilities [Abstract]
Other current financial liabilities, others 1,239 941
Other current financial liabilities, others [Abstract]
Other current financial liabilities, others [Line items]
LEASE LIABILITY,
DERIVATIVE
DERIVATIVE
FINANCIAL
FINANCIAL
LIABILITY,
LIABILITY,
EMPLOYEE
EMPLOYEE
Description of other current financial liabilities, others EBENEFITS
EBENEFITS
PAYABLE, BILLS
PAYABLE, BILLS
PAYABLE AND
PAYABLE AND
CAPITAL
CAPITAL
CREDITORS.
CREDITORS.
Other current financial liabilities, others 1,239 941

268
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of advances [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of advances [Axis] Advances [Member] Capital advances [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 1,474 852 69 91
Details of advance to related parties NA NA NA NA
Capital advances Capital advances,
and Advance defered rent and
Nature of other advance income tax and Advance income tax Capital advances Capital advances
income tax and income tax
deducted at source deducted at source
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Advance due by others 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

269
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of advances [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of advances [Axis] Other Advances [Member] Advance tax [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 1,405 761 1,405 761
Details of advance to related parties NA NA NA NA
Advance income Advance income
Deffered rent ,Advance Deffered rent ,Advance
tax and income tax and income
Nature of other advance tax deducted at
income tax and income
tax deducted at
income tax and income
tax deducted at source tax deducted at source
source source
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Advance due by others 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

270
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of advances [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of advances [Axis] Other advance taxes [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock]
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 1,405 761
Details of advance to related parties NA NA
Advance income
Deffered rent ,Advance
tax and income
Nature of other advance tax deducted at
income tax and income
tax deducted at source
source
Details of advance due by directors other officers or others [Abstract]
Advance due by directors 0 0
Advance due by other officers 0 0
Advance due by others 0 0
Total advance due by directors other officers or others 0 0
Details of advance due by firms or companies in which any director is
partner or director [Abstract]
Advance due by firms in which any director is partner 0 0
Advance due by private companies in which any director is director 0 0
Advance due by private companies in which any director is member 0 0
Total advance due by firms or companies in which any director is partner
0 0
or director

271
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of breakup of provisions [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Non-current
Classification based on current non-current [Axis] Classification based on current non-current [Member]
[Member]
01/04/2019
31/03/2020 31/03/2019 31/03/2018 to
31/03/2020
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
Subclassification and notes on liabilities and assets
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line items]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 0 0 0
Provision leave encashment 0 0 0
Provision pension 0 0 0
Provision employee insurance scheme 0 0 0
Provision other employee related
0 0 0
liabilities
Total provisions for employee benefits 0 0 0
Provision for corporate tax [Abstract]
Provision for wealth tax 0 0 0
Provision for fringe benefit tax 0 0 0
Provision for other tax 0 0 0
Provision for corporate dividend tax 0 0 0
Total provision for corporate tax 0 0 0
Provision for statutory liabilities 0 0 0
CSR expenditure provision 0 0 0
Provision for abandonment cost 0 0 0
Other provisions 308 348 349 54
Total provisions 308 348 54

272
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of breakup of provisions [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Non-current
Classification based on current non-current [Axis] Current [Member]
[Member]
01/04/2018
to 31/03/2020 31/03/2019
31/03/2019
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Subclassification and notes on liabilities and assets [Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line items]
Provisions [Abstract]
Provisions for employee benefits [Abstract]
Provision gratuity 0 0 0
Provision leave encashment 0 0 0
Provision pension 0 0 0
Provision employee insurance scheme 0 0 0
Provision other employee related liabilities 0 0 0
Total provisions for employee benefits 0 0 0
Provision for corporate tax [Abstract]
Provision for wealth tax 0 0 0
Provision for fringe benefit tax 0 0 0
Provision for other tax 0 0 0
Provision for corporate dividend tax 0 0 0
Total provision for corporate tax 0 0 0
Provision for statutory liabilities 0 0 0
CSR expenditure provision 0 0 0
Provision for abandonment cost 0 0 0
Other provisions 115 254 233
Total provisions 115 254 233

Subclassification of trade receivables [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock]
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 4,563 3,962
Allowance for bad and doubtful debts 1,422 1,191
Total trade receivables 3,141 2,771
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 0 0
Total trade receivables due by directors, other officers or others 0 0
Details of trade receivables due by firms or companies in which any
director is partner or director [Abstract]
Trade receivables due by firms in which any director is partner 0 0
Trade receivables due by private companies in which any director is director 0 0
Trade receivables due by private companies in which any director is member 0 0
Total trade receivables due by firms or companies in which any director
0 0
is partner or director

273
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Total other non-current financial assets 0 0
Advances, non-current 1,474 852
Total other non-current assets 1,676 1,045
Disclosure of notes on cash and bank balances explanatory [TextBlock]
Fixed deposits with banks 0 0
Other deposits with banks 350 1,010
Other balances with banks 322 544
Total balance with banks 672 1,554
Cheques, drafts on hand 101 17
Cash on hand 0 0
Total cash and cash equivalents 773 1,571
Bank balance other than cash and cash equivalents 26 29
Total cash and bank balances 799 1,600
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than 12 months maturity 0 0
Derivative financial instruments 21 35
Total other current financial assets 30 55
Property plant and equipment held for sale 78 0
Total other current assets 1,783 1,966
Total other non-current financial liabilities 379 0
Provision for
Provision for maintenance and free
Nature of other provisions maintenance and free service/warranty cost
service/warranty cost and Provision for loss
contracts
Total other non-current liabilities 197 152
Interest accrued on borrowings 0 0
Interest accrued on public deposits 0 0
Interest accrued others 0 0
Unpaid dividends 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Debentures claimed but not paid 0 0
Public deposit payable, current 0 0
Total other current financial liabilities 1,239 941
Current liabilities portion of share application money pending
0 0
allotment
Total other current liabilities 5,107 5,217

Textual information (73)

Mode of valuation
2.12 Inventories Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value.
Cost of raw materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials,
direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating
capacity. Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are
assigned to individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after
deducting rebates and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of
completion and the estimated costs necessary to make the sale.

274
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (74)

Mode of valuation
2.12 Inventories Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value.
Cost of raw materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials,
direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating
capacity. Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are
assigned to individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after
deducting rebates and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of
completion and the estimated costs necessary to make the sale.

Textual information (75)

Mode of valuation
2.12 Inventories Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value.
Cost of raw materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials,
direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating
capacity. Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are
assigned to individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after
deducting rebates and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of
completion and the estimated costs necessary to make the sale.

Textual information (76)

Mode of valuation
2.12 Inventories Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value.
Cost of raw materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials,
direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating
capacity. Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are
assigned to individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after
deducting rebates and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of
completion and the estimated costs necessary to make the sale.

Textual information (77)

Mode of valuation
2.12 Inventories Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value.
Cost of raw materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials,
direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating
capacity. Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are
assigned to individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after
deducting rebates and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of
completion and the estimated costs necessary to make the sale.

Textual information (78)

Mode of valuation
2.12 Inventories Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value.
Cost of raw materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials,
direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating
capacity. Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are
assigned to individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after
deducting rebates and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of
completion and the estimated costs necessary to make the sale.

275
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (79)

Mode of valuation
2.12 Inventories Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value.
Cost of raw materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials,
direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating
capacity. Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are
assigned to individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after
deducting rebates and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of
completion and the estimated costs necessary to make the sale.

Textual information (80)

Mode of valuation
2.12 Inventories Raw materials and components, stores and spares and work-in-progress are stated at the lower of cost and net realisable value.
Cost of raw materials and components and stores and spares comprises cost of purchases. Cost of work-in-progress comprises direct materials,
direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocated on the basis of normal operating
capacity. Cost of inventories also include all other costs incurred in bringing the inventories to their present location and condition. Costs are
assigned to individual items of inventory on the basis of the weighted average method. Costs of purchased inventory are determined after
deducting rebates and discounts. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of
completion and the estimated costs necessary to make the sale.

276
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[401200] Notes - Additional disclosures on balance sheet

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of additional balance sheet notes explanatory [TextBlock]
Additional balance sheet notes [Abstract]
Contingent liabilities and commitments [Abstract]
Classification of contingent liabilities [Abstract]
Total contingent liabilities 0 0
Total contingent liabilities and commitments 0 0
Details regarding dividends [Abstract]
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Details of deposits [Abstract]
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Details of share application money received and paid [Abstract]
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Share application money received and due for refund 0 0
Details regarding cost records and cost audit[Abstract]
Details regarding cost records [Abstract]
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, Yes Yes
2014
I n s t a l l a t I n s t a l l a t
If yes, Central Excise Tariff Act, heading in which product/
ion, maintenance and ion, maintenance and
service is covered under cost records repair services repair services
Details regarding cost audit [Abstract]
Whether audit of cost records of company has been mandated
No No
under Rules specified in SN 1
Net worth of company 0 0
Details of unclaimed liabilities [Abstract]
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Financial parameters balance sheet items [Abstract]
Investment in subsidiary companies 0 0
Investment in government companies 0 0
Amount due for transfer to investor education and protection fund
0 0
(IEPF)
Gross value of transactions with related parties 0 0
Number of warrants converted into equity shares during period [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0

277
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[611800] Notes - Revenue

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019
to
31/03/2020
Textual information (81)
Disclosure of revenue [TextBlock] [See below]
Textual information (82)
Description of accounting policy for recognition of revenue [TextBlock] [See below]

Textual information (81)

Disclosure of revenue [Text Block]

2.4 Revenue recognition

Supply and installation of elevators and escalators and under modernisation:

Revenue is recognised over time to the extent of performance obligation is satisfied and control is transferred to the customer. Contract revenue is
recognised at allocable transaction price which represents the cost of work performed on the contract plus proportionate margin, using the
percentage of completion method. Escalation and other claims, which are not ascertainable/acknowledged by customers are not taken into
account. The determination of transaction price also includes adjustments made towards liquidated damages and variation, wherever applicable.
Percentage of completion is the proportion of cost of work performed to-date, to the total estimated contract costs. The Company bills to project
customers on the basis of milestones agreed contractually and the invoice is due for collection from the customer on the date of invoice. Amounts
retained by the customer in a long-term arrangement are usually intended to provide the customer with a form of security that the seller will
perform as specified under the contract, rather than to provide the customer with a significant financing benefit. Similarly, the Company collects
advances from customers towards mobilisation of projects involving initial capital outlay for better cash flow management. There is no significant
financing component and in respect of warranty obligations refer Note 2.20.

Services income:

Service income arising from maintenance contracts is recognised over a period of time as and when the related service is rendered as per the
agreed terms with customers. Service income is accrued for the value of the work completed (for which invoice is yet to be raised) in accordance
with the above revenue recognition policy and is presented as “Advance invoices for service contracts”. The invoice is due for collection from the
customer on the date of invoice. In respect of income from repairing, revenue is recognised at a point in time i.e., as and when the related services
are rendered.

Software development:

In respect of software development, revenue is recognised under cost plus method in terms of the service agreement. The revenue is recognised
over a period of time.

Shared services:

In respect of shared services, revenue is recognised as per terms of contract entered with the customer. The revenue is recognised over a period of
time.

278
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (82)

Description of accounting policy for recognition of revenue [Text Block]

2.4 Revenue recognition

Supply and installation of elevators and escalators and under modernisation:

Revenue is recognised over time to the extent of performance obligation is satisfied and control is transferred to the customer. Contract revenue is
recognised at allocable transaction price which represents the cost of work performed on the contract plus proportionate margin, using the
percentage of completion method. Escalation and other claims, which are not ascertainable/acknowledged by customers are not taken into
account. The determination of transaction price also includes adjustments made towards liquidated damages and variation, wherever applicable.
Percentage of completion is the proportion of cost of work performed to-date, to the total estimated contract costs. The Company bills to project
customers on the basis of milestones agreed contractually and the invoice is due for collection from the customer on the date of invoice. Amounts
retained by the customer in a long-term arrangement are usually intended to provide the customer with a form of security that the seller will
perform as specified under the contract, rather than to provide the customer with a significant financing benefit. Similarly, the Company collects
advances from customers towards mobilisation of projects involving initial capital outlay for better cash flow management. There is no significant
financing component and in respect of warranty obligations refer Note 2.20.

Services income:

Service income arising from maintenance contracts is recognised over a period of time as and when the related service is rendered as per the
agreed terms with customers. Service income is accrued for the value of the work completed (for which invoice is yet to be raised) in accordance
with the above revenue recognition policy and is presented as “Advance invoices for service contracts”. The invoice is due for collection from the
customer on the date of invoice. In respect of income from repairing, revenue is recognised at a point in time i.e., as and when the related services
are rendered.

Software development:

In respect of software development, revenue is recognised under cost plus method in terms of the service agreement. The revenue is recognised
over a period of time.

Shared services:

In respect of shared services, revenue is recognised as per terms of contract entered with the customer. The revenue is recognised over a period of
time.

[612400] Notes - Service concession arrangements

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of service concession arrangements [TextBlock]
Whether there are any service concession arrangments No No

279
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[612000] Notes - Construction contracts

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of notes on construction contracts [TextBlock]
Whether there are any construction contracts No No

280
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[612600] Notes - Employee benefits

Disclosure of net defined benefit liability (assets) [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Defined benefit plans [Axis] Defined benefit plans [Member]
Present value of
defined benefit
Net defined benefit liability (assets) [Axis] Net defined benefit liability (assets) [Member]
obligation
[Member]
Defined benefit plans categories [Axis] Column 1 Column 1
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of defined benefit plans [TextBlock]
Disclosure of net defined benefit liability (assets)
[TextBlock]
Disclosure of net defined benefit liability
(assets) [Abstract]
Disclosure of net defined benefit liability
(assets) [Line items]
Textual information (83) Textual information (84) Textual information
Description of type of plan [See below] [See below] (85) [See below]
Changes in net defined benefit liability
(assets) [Abstract]
Current service cost, net defined
72 64 72
benefit liability (assets)
Interest expense (income), net defined
12 10 41
benefit liability (assets)
Gain (loss) on remeasurement, net
defined benefit liability (assets)
[Abstract]
Return on plan assets, net defined
-4 -2 0
benefit liability (assets)
Actuarial losses (gains) arising from
changes in demographic assumptions,
-7 -9 -7
net defined benefit liability
(assets)
Actuarial losses (gains) arising from
changes in financial assumptions, net -46 40 -46
defined benefit liability (assets)
Loss (gain) on changes in effect of
limiting net defined benefit
assets to assets ceiling, net -20 -22 -20
defined benefit liability
(assets)
Total loss (gain) on
remeasurement, net defined -77 7 -73
benefit liability (assets)
Contributions to plan, net defined
benefit liability (assets) [Abstract]
Contributions to plan by employer,
net defined benefit liability 61 27 0
(assets)
Contributions to plan by plan
participants, net defined 0 34
benefit liability (assets)
Total contributions to plan, net
61 27 34
defined benefit liability (assets)
Payments from plan, net defined benefit
liability (assets)
Payments in respect of
settlements, net defined benefit 0 0 0
liability (assets)
Total increase (decrease) in net
100 40 152
defined benefit liability (assets)
Net defined benefit liability (assets) at
295 195 155 729
end of period

281
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of net defined benefit liability (assets) [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Defined benefit plans [Axis] Defined benefit plans [Member]
Present value of defined benefit obligation
Net defined benefit liability (assets) [Axis] Plan assets [Member]
[Member]
Defined benefit plans categories [Axis] Column 1 Column 1
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of defined benefit plans [TextBlock]
Disclosure of net defined benefit liability (assets)
[TextBlock]
Disclosure of net defined benefit liability
(assets) [Abstract]
Disclosure of net defined benefit liability
(assets) [Line items]
Textual information (86) [See Textual information Textual information
Description of type of plan below] (87) [See below] (88) [See below]
Changes in net defined benefit liability
(assets) [Abstract]
Current service cost, net defined
64 0 0
benefit liability (assets)
Interest expense (income), net defined
38 -29 -28
benefit liability (assets)
Gain (loss) on remeasurement, net
defined benefit liability (assets)
[Abstract]
Return on plan assets, net defined
0 -4 -2
benefit liability (assets)
Actuarial losses (gains) arising from
changes in demographic assumptions,
-9 0 0
net defined benefit liability
(assets)
Actuarial losses (gains) arising from
changes in financial assumptions, net 40 0 0
defined benefit liability (assets)
Loss (gain) on changes in effect of
limiting net defined benefit
assets to assets ceiling, net -22 0 0
defined benefit liability
(assets)
Total loss (gain) on
remeasurement, net defined 9 -4 -2
benefit liability (assets)
Contributions to plan, net defined
benefit liability (assets) [Abstract]
Contributions to plan by employer,
net defined benefit liability 0 61 27
(assets)
Contributions to plan by plan
participants, net defined 29 -34 -29
benefit liability (assets)
Total contributions to plan, net
29 27 -2
defined benefit liability (assets)
Payments from plan, net defined benefit
liability (assets)
Payments in respect of
settlements, net defined benefit 0 0 0
liability (assets)
Total increase (decrease) in net
64 -52 -24
defined benefit liability (assets)
Net defined benefit liability (assets) at
577 513 -434 -382
end of period

282
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of net defined benefit liability (assets) [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Defined benefit
Defined benefit plans [Axis] Domestic defined benefit plans [Member]
plans [Member]
Plan assets
Net defined benefit liability (assets) [Axis] Net defined benefit liability (assets) [Member]
[Member]
Defined benefit plans categories [Axis] Column 1 Column 1
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of defined benefit plans [TextBlock]
Disclosure of net defined benefit liability (assets)
[TextBlock]
Disclosure of net defined benefit liability
(assets) [Abstract]
Disclosure of net defined benefit liability
(assets) [Line items]
Textual information (89) Textual information (90)
Description of type of plan [See below] [See below]
Changes in net defined benefit liability
(assets) [Abstract]
Current service cost, net defined
72 64
benefit liability (assets)
Interest expense (income), net defined
12 10
benefit liability (assets)
Gain (loss) on remeasurement, net
defined benefit liability (assets)
[Abstract]
Return on plan assets, net defined
-4 -2
benefit liability (assets)
Actuarial losses (gains) arising from
changes in demographic assumptions,
-7 -9
net defined benefit liability
(assets)
Actuarial losses (gains) arising from
changes in financial assumptions, net -46 40
defined benefit liability (assets)
Loss (gain) on changes in effect of
limiting net defined benefit
assets to assets ceiling, net -20 -22
defined benefit liability
(assets)
Total loss (gain) on
remeasurement, net defined -77 7
benefit liability (assets)
Contributions to plan, net defined
benefit liability (assets) [Abstract]
Contributions to plan by employer,
net defined benefit liability 61 27
(assets)
Contributions to plan by plan
participants, net defined 0
benefit liability (assets)
Total contributions to plan, net
61 27
defined benefit liability (assets)
Payments from plan, net defined benefit
liability (assets)
Payments in respect of
settlements, net defined benefit 0 0
liability (assets)
Total increase (decrease) in net
100 40
defined benefit liability (assets)
Net defined benefit liability (assets) at
-358 295 195 155
end of period

283
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of net defined benefit liability (assets) [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Plan assets
Net defined benefit liability (assets) [Axis] Present value of defined benefit obligation [Member]
[Member]
Defined benefit plans categories [Axis] Column 1 Column 1
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of defined benefit plans [TextBlock]
Disclosure of net defined benefit liability (assets)
[TextBlock]
Disclosure of net defined benefit liability
(assets) [Abstract]
Disclosure of net defined benefit liability
(assets) [Line items]
Textual information (91) Textual information (92) Textual information
Description of type of plan [See below] [See below] (93) [See below]
Changes in net defined benefit liability
(assets) [Abstract]
Current service cost, net defined
72 64 0
benefit liability (assets)
Interest expense (income), net defined
41 38 -29
benefit liability (assets)
Gain (loss) on remeasurement, net
defined benefit liability (assets)
[Abstract]
Return on plan assets, net defined
0 0 -4
benefit liability (assets)
Actuarial losses (gains) arising from
changes in demographic assumptions,
-7 -9 0
net defined benefit liability
(assets)
Actuarial losses (gains) arising from
changes in financial assumptions, net -46 40 0
defined benefit liability (assets)
Loss (gain) on changes in effect of
limiting net defined benefit
assets to assets ceiling, net -20 -22 0
defined benefit liability
(assets)
Total loss (gain) on
remeasurement, net defined -73 9 -4
benefit liability (assets)
Contributions to plan, net defined
benefit liability (assets) [Abstract]
Contributions to plan by employer,
net defined benefit liability 0 0 61
(assets)
Contributions to plan by plan
participants, net defined 34 29 -34
benefit liability (assets)
Total contributions to plan, net
34 29 27
defined benefit liability (assets)
Payments from plan, net defined benefit
liability (assets)
Payments in respect of
settlements, net defined benefit 0 0 0
liability (assets)
Total increase (decrease) in net
152 64 -52
defined benefit liability (assets)
Net defined benefit liability (assets) at
729 577 513 -434
end of period

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of net defined benefit liability (assets) [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Net defined benefit liability (assets) [Axis] Plan assets [Member]
Defined benefit plans categories [Axis] Column 1
01/04/2018
to 31/03/2018
31/03/2019
Disclosure of defined benefit plans [TextBlock]
Disclosure of net defined benefit liability (assets) [TextBlock]
Disclosure of net defined benefit liability (assets) [Abstract]
Disclosure of net defined benefit liability (assets) [Line items]
Textual information (94) [See
Description of type of plan below]
Changes in net defined benefit liability (assets) [Abstract]
Current service cost, net defined benefit liability (assets) 0
Interest expense (income), net defined benefit liability (assets) -28
Gain (loss) on remeasurement, net defined benefit liability (assets)
[Abstract]
Return on plan assets, net defined benefit liability (assets) -2
Actuarial losses (gains) arising from changes in demographic
0
assumptions, net defined benefit liability (assets)
Actuarial losses (gains) arising from changes in financial
0
assumptions, net defined benefit liability (assets)
Loss (gain) on changes in effect of limiting net defined benefit
assets to assets ceiling, net defined benefit liability 0
(assets)
Total loss (gain) on remeasurement, net defined benefit liability
-2
(assets)
Contributions to plan, net defined benefit liability (assets) [Abstract]
Contributions to plan by employer, net defined benefit liability (assets) 27
Contributions to plan by plan participants, net defined benefit
-29
liability (assets)
Total contributions to plan, net defined benefit liability (assets) -2
Payments from plan, net defined benefit liability (assets)
Payments in respect of settlements, net defined benefit liability
0
(assets)
Total increase (decrease) in net defined benefit liability (assets) -24
Net defined benefit liability (assets) at end of period -382 -358

Disclosure of defined benefit plans [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Defined benefit plans [Axis] Defined benefit plans [Member] Domestic defined benefit plans [Member]
Defined benefit plans categories [Axis] Column 1 Column 1
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of defined benefit plans [TextBlock]
Disclosure of defined benefit plans [Abstract]
Disclosure of defined benefit plans [Line items]
Textual information Textual information Textual information Textual information
Description of type of plan (95) [See below] (96) [See below] (97) [See below] (98) [See below]
Description of nature of benefits provided Textual information Textual information Textual information Textual information
by plan (99) [See below] (100) [See below] (101) [See below] (102) [See below]
Surplus (deficit) in plan [Abstract]
Defined benefit obligation, at present value -729 -577 -729 -577
Plan assets, at fair value -434 -382 -434 -382
Net surplus (deficit) in plan 295 195 295 195
Actuarial assumption of discount rates 6.95% 7.60% 6.95% 7.60%
Actuarial assumption of expected rates of
9.00% 9.00% 9.00% 9.00%
salary increases
attrition rate 5 to 13 attrition rate 5 to 13
Other material actuarial assumptions %
attrition rate 6 to 17 %
%
attrition rate 6 to 17 %

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information
Disclosure of employee benefits [TextBlock] (103) [See below]
Disclosure of defined benefit plans [TextBlock]
Whether there are any defined benefit plans Yes Yes
Disclosure of net defined benefit liability (assets) [TextBlock]

Textual information (83)

Description of type of plan

The Company’s gratuity plan is funded and is administered by Life Insurance Corporation of India (LIC). The liability or asset recognised in the
balance sheet in respect of defined benefit gratuity plan is the present value of the defined benefit obligation at the end of the reporting period less
the fair value of plan assets. The defined benefit obligation is calculated annually by actuary using the projected unit credit method. The present
value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields at the end of
the reporting period on the government bonds that have terms approximating to the terms of the related obligation. The net interest cost is
calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is included
in employee benefits expense in the statement of profit and loss. Remeasurement gains and losses arising from experience adjustments and
changes in actuarial assumptions are recognised in the period in which they occur, directly in other comprehensive income. They are included in
retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation
resulting from plan amendments or curtailments are recognised immediately in profit or loss as past service cost.

Textual information (84)

Description of type of plan

The Company’s gratuity plan is funded and is administered by Life Insurance Corporation of India (LIC). The liability or asset recognised in the
balance sheet in respect of defined benefit gratuity plan is the present value of the defined benefit obligation at the end of the reporting period less
the fair value of plan assets. The defined benefit obligation is calculated annually by actuary using the projected unit credit method. The present
value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields at the end of
the reporting period on the government bonds that have terms approximating to the terms of the related obligation. The net interest cost is
calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is included
in employee benefits expense in the statement of profit and loss. Remeasurement gains and losses arising from experience adjustments and
changes in actuarial assumptions are recognised in the period in which they occur, directly in other comprehensive income. They are included in
retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation
resulting from plan amendments or curtailments are recognised immediately in profit or loss as past service cost.

Textual information (85)

Description of type of plan

The Company’s gratuity plan is funded and is administered by Life Insurance Corporation of India (LIC). The liability or asset recognised in the
balance sheet in respect of defined benefit gratuity plan is the present value of the defined benefit obligation at the end of the reporting period less
the fair value of plan assets. The defined benefit obligation is calculated annually by actuary using the projected unit credit method. The present
value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields at the end of
the reporting period on the government bonds that have terms approximating to the terms of the related obligation. The net interest cost is
calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is included
in employee benefits expense in the statement of profit and loss. Remeasurement gains and losses arising from experience adjustments and
changes in actuarial assumptions are recognised in the period in which they occur, directly in other comprehensive income. They are included in
retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation
resulting from plan amendments or curtailments are recognised immediately in profit or loss as past service cost.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (86)

Description of type of plan

The Company’s gratuity plan is funded and is administered by Life Insurance Corporation of India (LIC). The liability or asset recognised in the
balance sheet in respect of defined benefit gratuity plan is the present value of the defined benefit obligation at the end of the reporting period less
the fair value of plan assets. The defined benefit obligation is calculated annually by actuary using the projected unit credit method. The present
value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields at the end of
the reporting period on the government bonds that have terms approximating to the terms of the related obligation. The net interest cost is
calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is included
in employee benefits expense in the statement of profit and loss. Remeasurement gains and losses arising from experience adjustments and
changes in actuarial assumptions are recognised in the period in which they occur, directly in other comprehensive income. They are included in
retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation
resulting from plan amendments or curtailments are recognised immediately in profit or loss as past service cost.

Textual information (87)

Description of type of plan

The Company’s gratuity plan is funded and is administered by Life Insurance Corporation of India (LIC). The liability or asset recognised in the
balance sheet in respect of defined benefit gratuity plan is the present value of the defined benefit obligation at the end of the reporting period less
the fair value of plan assets. The defined benefit obligation is calculated annually by actuary using the projected unit credit method. The present
value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields at the end of
the reporting period on the government bonds that have terms approximating to the terms of the related obligation. The net interest cost is
calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is included
in employee benefits expense in the statement of profit and loss. Remeasurement gains and losses arising from experience adjustments and
changes in actuarial assumptions are recognised in the period in which they occur, directly in other comprehensive income. They are included in
retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation
resulting from plan amendments or curtailments are recognised immediately in profit or loss as past service cost.

Textual information (88)

Description of type of plan

The Company’s gratuity plan is funded and is administered by Life Insurance Corporation of India (LIC). The liability or asset recognised in the
balance sheet in respect of defined benefit gratuity plan is the present value of the defined benefit obligation at the end of the reporting period less
the fair value of plan assets. The defined benefit obligation is calculated annually by actuary using the projected unit credit method. The present
value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields at the end of
the reporting period on the government bonds that have terms approximating to the terms of the related obligation. The net interest cost is
calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is included
in employee benefits expense in the statement of profit and loss. Remeasurement gains and losses arising from experience adjustments and
changes in actuarial assumptions are recognised in the period in which they occur, directly in other comprehensive income. They are included in
retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation
resulting from plan amendments or curtailments are recognised immediately in profit or loss as past service cost.

Textual information (89)

Description of type of plan

The Company’s gratuity plan is funded and is administered by Life Insurance Corporation of India (LIC). The liability or asset recognised in the
balance sheet in respect of defined benefit gratuity plan is the present value of the defined benefit obligation at the end of the reporting period less
the fair value of plan assets. The defined benefit obligation is calculated annually by actuary using the projected unit credit method. The present
value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields at the end of
the reporting period on the government bonds that have terms approximating to the terms of the related obligation. The net interest cost is
calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is included
in employee benefits expense in the statement of profit and loss. Remeasurement gains and losses arising from experience adjustments and
changes in actuarial assumptions are recognised in the period in which they occur, directly in other comprehensive income. They are included in
retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation
resulting from plan amendments or curtailments are recognised immediately in profit or loss as past service cost.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (90)

Description of type of plan

The Company’s gratuity plan is funded and is administered by Life Insurance Corporation of India (LIC). The liability or asset recognised in the
balance sheet in respect of defined benefit gratuity plan is the present value of the defined benefit obligation at the end of the reporting period less
the fair value of plan assets. The defined benefit obligation is calculated annually by actuary using the projected unit credit method. The present
value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields at the end of
the reporting period on the government bonds that have terms approximating to the terms of the related obligation. The net interest cost is
calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is included
in employee benefits expense in the statement of profit and loss. Remeasurement gains and losses arising from experience adjustments and
changes in actuarial assumptions are recognised in the period in which they occur, directly in other comprehensive income. They are included in
retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation
resulting from plan amendments or curtailments are recognised immediately in profit or loss as past service cost.

Textual information (91)

Description of type of plan

The Company’s gratuity plan is funded and is administered by Life Insurance Corporation of India (LIC). The liability or asset recognised in the
balance sheet in respect of defined benefit gratuity plan is the present value of the defined benefit obligation at the end of the reporting period less
the fair value of plan assets. The defined benefit obligation is calculated annually by actuary using the projected unit credit method. The present
value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields at the end of
the reporting period on the government bonds that have terms approximating to the terms of the related obligation. The net interest cost is
calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is included
in employee benefits expense in the statement of profit and loss. Remeasurement gains and losses arising from experience adjustments and
changes in actuarial assumptions are recognised in the period in which they occur, directly in other comprehensive income. They are included in
retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation
resulting from plan amendments or curtailments are recognised immediately in profit or loss as past service cost.

Textual information (92)

Description of type of plan

The Company’s gratuity plan is funded and is administered by Life Insurance Corporation of India (LIC). The liability or asset recognised in the
balance sheet in respect of defined benefit gratuity plan is the present value of the defined benefit obligation at the end of the reporting period less
the fair value of plan assets. The defined benefit obligation is calculated annually by actuary using the projected unit credit method. The present
value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields at the end of
the reporting period on the government bonds that have terms approximating to the terms of the related obligation. The net interest cost is
calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is included
in employee benefits expense in the statement of profit and loss. Remeasurement gains and losses arising from experience adjustments and
changes in actuarial assumptions are recognised in the period in which they occur, directly in other comprehensive income. They are included in
retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation
resulting from plan amendments or curtailments are recognised immediately in profit or loss as past service cost.

Textual information (93)

Description of type of plan

The Company’s gratuity plan is funded and is administered by Life Insurance Corporation of India (LIC). The liability or asset recognised in the
balance sheet in respect of defined benefit gratuity plan is the present value of the defined benefit obligation at the end of the reporting period less
the fair value of plan assets. The defined benefit obligation is calculated annually by actuary using the projected unit credit method. The present
value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields at the end of
the reporting period on the government bonds that have terms approximating to the terms of the related obligation. The net interest cost is
calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is included
in employee benefits expense in the statement of profit and loss. Remeasurement gains and losses arising from experience adjustments and
changes in actuarial assumptions are recognised in the period in which they occur, directly in other comprehensive income. They are included in
retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation
resulting from plan amendments or curtailments are recognised immediately in profit or loss as past service cost.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (94)

Description of type of plan

The Company’s gratuity plan is funded and is administered by Life Insurance Corporation of India (LIC). The liability or asset recognised in the
balance sheet in respect of defined benefit gratuity plan is the present value of the defined benefit obligation at the end of the reporting period less
the fair value of plan assets. The defined benefit obligation is calculated annually by actuary using the projected unit credit method. The present
value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields at the end of
the reporting period on the government bonds that have terms approximating to the terms of the related obligation. The net interest cost is
calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is included
in employee benefits expense in the statement of profit and loss. Remeasurement gains and losses arising from experience adjustments and
changes in actuarial assumptions are recognised in the period in which they occur, directly in other comprehensive income. They are included in
retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation
resulting from plan amendments or curtailments are recognised immediately in profit or loss as past service cost.

Textual information (95)

Description of type of plan

b. Post-employment obligations Post-employment benefits comprise of Provident fund, Superannuation fund and Gratuity which are accounted
for as follows: (i) Provident fund The Company pays provident fund contributions to publicly administered provident funds as per local
regulations. The Company has no further payment obligations once the contributions have been paid. The contributions are accounted for as
defined contribution plans and the contributions are recognised as employee benefits expense when they are due. Prepaid contributions are
recognised as an asset to the extent that a cash refund or a reduction in the future payments is available. (ii) Superannuation fund This is a defined
contribution plan. The Company contributes a sum equivalent to 15% of eligible employees’ applicable salary towards superannuation fund
administered by the Trustees and managed by Life Insurance Corporation of India (LIC). The Company has no further obligations for future
superannuation benefits other than its annual contributions and recognises such contributions as expense in the period in which the related
employee services are rendered. (iii) Gratuity obligations The Company’s gratuity plan is funded and is administered by Life Insurance
Corporation of India (LIC). The liability or asset recognised in the balance sheet in respect of defined benefit gratuity plan is the present value of
the defined benefit obligation at the end of the reporting period less the fair value of plan assets. The defined benefit obligation is calculated
annually by actuary using the projected unit credit method.

Textual information (96)

Description of type of plan

b. Post-employment obligations Post-employment benefits comprise of Provident fund, Superannuation fund and Gratuity which are accounted
for as follows: (i) Provident fund The Company pays provident fund contributions to publicly administered provident funds as per local
regulations. The Company has no further payment obligations once the contributions have been paid. The contributions are accounted for as
defined contribution plans and the contributions are recognised as employee benefits expense when they are due. Prepaid contributions are
recognised as an asset to the extent that a cash refund or a reduction in the future payments is available. (ii) Superannuation fund This is a defined
contribution plan. The Company contributes a sum equivalent to 15% of eligible employees’ applicable salary towards superannuation fund
administered by the Trustees and managed by Life Insurance Corporation of India (LIC). The Company has no further obligations for future
superannuation benefits other than its annual contributions and recognises such contributions as expense in the period in which the related
employee services are rendered. (iii) Gratuity obligations The Company’s gratuity plan is funded and is administered by Life Insurance
Corporation of India (LIC). The liability or asset recognised in the balance sheet in respect of defined benefit gratuity plan is the present value of
the defined benefit obligation at the end of the reporting period less the fair value of plan assets. The defined benefit obligation is calculated
annually by actuary using the projected unit credit method.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (97)

Description of type of plan

b. Post-employment obligations Post-employment benefits comprise of Provident fund, Superannuation fund and Gratuity which are accounted
for as follows: (i) Provident fund The Company pays provident fund contributions to publicly administered provident funds as per local
regulations. The Company has no further payment obligations once the contributions have been paid. The contributions are accounted for as
defined contribution plans and the contributions are recognised as employee benefits expense when they are due. Prepaid contributions are
recognised as an asset to the extent that a cash refund or a reduction in the future payments is available. (ii) Superannuation fund This is a defined
contribution plan. The Company contributes a sum equivalent to 15% of eligible employees’ applicable salary towards superannuation fund
administered by the Trustees and managed by Life Insurance Corporation of India (LIC). The Company has no further obligations for future
superannuation benefits other than its annual contributions and recognises such contributions as expense in the period in which the related
employee services are rendered. (iii) Gratuity obligations The Company’s gratuity plan is funded and is administered by Life Insurance
Corporation of India (LIC). The liability or asset recognised in the balance sheet in respect of defined benefit gratuity plan is the present value of
the defined benefit obligation at the end of the reporting period less the fair value of plan assets. The defined benefit obligation is calculated
annually by actuary using the projected unit credit method.

Textual information (98)

Description of type of plan

b. Post-employment obligations Post-employment benefits comprise of Provident fund, Superannuation fund and Gratuity which are accounted
for as follows: (i) Provident fund The Company pays provident fund contributions to publicly administered provident funds as per local
regulations. The Company has no further payment obligations once the contributions have been paid. The contributions are accounted for as
defined contribution plans and the contributions are recognised as employee benefits expense when they are due. Prepaid contributions are
recognised as an asset to the extent that a cash refund or a reduction in the future payments is available. (ii) Superannuation fund This is a defined
contribution plan. The Company contributes a sum equivalent to 15% of eligible employees’ applicable salary towards superannuation fund
administered by the Trustees and managed by Life Insurance Corporation of India (LIC). The Company has no further obligations for future
superannuation benefits other than its annual contributions and recognises such contributions as expense in the period in which the related
employee services are rendered. (iii) Gratuity obligations The Company’s gratuity plan is funded and is administered by Life Insurance
Corporation of India (LIC). The liability or asset recognised in the balance sheet in respect of defined benefit gratuity plan is the present value of
the defined benefit obligation at the end of the reporting period less the fair value of plan assets. The defined benefit obligation is calculated
annually by actuary using the projected unit credit method.

Textual information (99)

Description of nature of benefits provided by plan

The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields
at the end of the reporting period on the government bonds that have terms approximating to the terms of the related obligation. The net interest
cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is
included in employee benefits expense in the statement of profit and loss. Remeasurement gains and losses arising from experience adjustments
and changes in actuarial assumptions are recognised in the period in which they occur, directly in other comprehensive income. They are included
in retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation
resulting from plan amendments or curtailments are recognised immediately in profit or loss as past service cost.

Textual information (100)

Description of nature of benefits provided by plan

The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields
at the end of the reporting period on the government bonds that have terms approximating to the terms of the related obligation. The net interest
cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is
included in employee benefits expense in the statement of profit and loss. Remeasurement gains and losses arising from experience adjustments
and changes in actuarial assumptions are recognised in the period in which they occur, directly in other comprehensive income. They are included
in retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation
resulting from plan amendments or curtailments are recognised immediately in profit or loss as past service cost.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (101)

Description of nature of benefits provided by plan

The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields
at the end of the reporting period on the government bonds that have terms approximating to the terms of the related obligation. The net interest
cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is
included in employee benefits expense in the statement of profit and loss. Remeasurement gains and losses arising from experience adjustments
and changes in actuarial assumptions are recognised in the period in which they occur, directly in other comprehensive income. They are included
in retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation
resulting from plan amendments or curtailments are recognised immediately in profit or loss as past service cost.

Textual information (102)

Description of nature of benefits provided by plan

The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields
at the end of the reporting period on the government bonds that have terms approximating to the terms of the related obligation. The net interest
cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is
included in employee benefits expense in the statement of profit and loss. Remeasurement gains and losses arising from experience adjustments
and changes in actuarial assumptions are recognised in the period in which they occur, directly in other comprehensive income. They are included
in retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation
resulting from plan amendments or curtailments are recognised immediately in profit or loss as past service cost.

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (103)

Disclosure of employee benefits [Text Block]

2.21 Employee benefits

a. Short-term obligations

Liabilities for wages and salaries, including non-monetary benefits that are expected to be settled wholly within 12 months after the end of the
period in which the employees render the related service are recognised in respect of employees’ services up to the end of the reporting period and
are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit
obligations in the balance sheet.

b. Post-employment obligations

Post-employment benefits comprise of Provident fund, Superannuation fund and Gratuity which are accounted for as follows:

(i) Provident fund

The Company pays provident fund contributions to publicly administered provident funds as per local regulations. The Company has no further
payment obligations once the contributions have been paid. The contributions are accounted for as defined contribution plans and the
contributions are recognised as employee benefits expense when they are due. Prepaid contributions are recognised as an asset to the extent that a
cash refund or a reduction in the future payments is available.

(ii) Superannuation fund

This is a defined contribution plan. The Company contributes a sum equivalent to 15% of eligible employees’ applicable salary towards
superannuation fund administered by the Trustees and managed by Life Insurance Corporation of India (LIC). The Company has no further
obligations for future superannuation benefits other than its annual contributions and recognises such contributions as expense in the period in
which the related employee services are rendered.

(iii) Gratuity obligations

The Company’s gratuity plan is funded and is administered by Life Insurance Corporation of India (LIC). The liability or asset recognised in the
balance sheet in respect of defined benefit gratuity plan is the present value of the defined benefit obligation at the end of the reporting period less
the fair value of plan assets. The defined benefit obligation is calculated annually by actuary using the projected unit credit method.

The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields
at the end of the reporting period on the government bonds that have terms approximating to the terms of the related obligation.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan
assets. This cost is included in employee benefits expense in the statement of profit and loss.

Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are recognised in the period in which
they occur, directly in other comprehensive income. They are included in retained earnings in the statement of changes in equity and in the
balance sheet.

Changes in the present value of the defined benefit obligation resulting from plan amendments or curtailments are recognised immediately in
profit or loss as past service cost.

c. Other long-term employee benefit obligations

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KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Compensated absences:

The liabilities for earned leave are not expected to be settled wholly within 12 months after the end of the period in which the employees render
the related service. These obligations are therefore measured as the present value of expected future payments to be made in respect of services
provided by employees up to the end of the reporting period using the projected unit credit method. The benefits are discounted using the
appropriate market yields at the end of the reporting period that have terms approximating to the terms of the related obligation. Remeasurements
as a result of experience adjustments and changes in actuarial assumptions are recognised in profit or loss.

The obligations are presented as current liabilities in the balance sheet if the Company does not have an unconditional right to defer settlement for
at least 12 months after the reporting period, regardless of when the actual settlement is expected to occur.

d. Share-based payments

Share based compensation benefits are provided to some senior management employees of the Company via the KONE OYJ, Finland long-term
incentive program. The fair value of options granted under the KONE OYJ, Finland Option Plan is recognised as an employee benefits expense
with a corresponding increase in equity. The total amount to be expensed is determined by reference to the fair value of the options granted:

· including any market performance conditions (e.g, the entity’s share price)

· excluding the impact of any service and non-market performance vesting conditions (e.g. profitability, sales growth targets and remaining
an employee of the entity over a specified time period), and

· including the impact of any non-vesting conditions (e.g. the requirement for employees to save or holding shares for a specific period of
time).

The total expense is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.
At the end of each period, the entity revises its estimates of the number of options that are expected to vest based on the non-market vesting and
service conditions. It recognises the impact of the revision to original estimates, if any, in profit or loss, with a corresponding adjustment to
equity.

[612800] Notes - Borrowing costs

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of borrowing costs [TextBlock]
Whether any borrowing costs has been capitalised during the year No No

293
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[700100] Notes - Key managerial personnels and directors remuneration and other information

Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Key managerial personnels and directors [Axis] Column 1 Column 2
01/04/2019 01/04/2019
to to
31/03/2020 31/03/2020
Disclosure of key managerial personnels and directors and remuneration to key managerial
personnels and directors explanatory [TextBlock]
Disclosure of key managerial personnels and directors and remuneration to key
managerial personnels and directors [Abstract]
Disclosure of key managerial personnels and directors and remuneration to key
managerial personnels and directors [LineItems]
CHITTATOORVEERAVALLI
Name of key managerial personnel or director AMIT GOSSAIN KRISHNAKUMAR
SESHADRI
Director identification number of key managerial personnel or director 07351940 06652406
Date of birth of key managerial personnel or director 05/03/1967 21/03/1965
Designation of key managerial personnel or director Managing Director Whole Time Director
Qualification of key managerial personnel or director Graduate CWA and CS
Shares held by key managerial personnel or director [shares] 0 [shares] 0
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Salary key managerial personnel or director 26 7
Perquisites key managerial personnel or director 0 0
Profits in lieu of salary key managerial personnel or director 0 0
Gross salary to key managerial personnel or director 26 7
Sitting fees key managerial personnel or director 0 0
Stock option key managerial personnel or director 0 0
Sweat equity key managerial personnel or director 0 0
Commission as percentage of profit key managerial personnel or director 0 0
Other commission key managerial personnel or director 0 0
Other compensation key managerial personnel or director 0 0
Total key managerial personnel or director remuneration 26 7

[612200] Notes - Leases

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of leases [TextBlock]
Whether company has entered into any lease agreement No No
Whether any operating lease has been converted to financial lease or
No No
vice-versa

[612300] Notes - Transactions involving legal form of lease

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of arrangements involving legal form of lease [TextBlock]
Whether there are any arrangements involving legal form of lease No No

294
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[612900] Notes - Insurance contracts

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of insurance contracts [TextBlock]
Whether there are any insurance contracts as per Ind AS 104 No No

[613100] Notes - Effects of changes in foreign exchange rates

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of effect of changes in foreign exchange rates [TextBlock]
Whether there is any change in functional currency during the year No No
Description of functional currency INR
Description of presentation currency INR

[500100] Notes - Subclassification and notes on income and expenses

Miscellaneous other operating revenues [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Miscellaneous other operating revenues [Axis] Column 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 137 138
Miscellaneous other operating revenues [Abstract]
Miscellaneous other operating revenues [LineItems]
Description of miscellaneous other operating revenues Scrap Sales Scrap Sales
Miscellaneous other operating revenues 137 138

295
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 11,629 13,032
Revenue from sale of services 7,730 6,780
Other operating revenues 137 138
Other operating revenues 137 138
Total revenue from operations other than finance company 19,496 19,950
Total revenue from operations 19,496 19,950
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 137 138
Total other operating revenues 137 138
Total other operating revenues 137 138
Miscellaneous other operating revenues [Abstract]
Miscellaneous other operating revenues [LineItems]
Description of miscellaneous other operating revenues
Miscellaneous other operating revenues 137 138
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 70 169
Interest on other current investments 9 8
Total interest income on current investments 79 177
Total interest income 79 177
Dividend income [Abstract]
Total dividend income 0 0
Net gain/loss on sale of investments [Abstract]
Net gain/loss on sale of current investments 6 3
Total net gain/loss on sale of investments 6 3
Other non-operating income [Abstract]
Net gain (loss) on foreign currency fluctuations treated as other
income [Abstract]
Net gain (loss) on foreign currency translation 0 38
Total net gain/loss on foreign currency fluctuations treated as
0 38
other income
Other allowances deduction other income 0 134
Miscellaneous other non-operating income 90 8
Total other non-operating income 90 180
Total other income 175 360
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest lease financing 40 0
Other interest charges 1 8
Total interest expense 41 8
Total finance costs 41 8
Employee benefit expense [Abstract]
Salaries and wages 3,715 3,114
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors 0 0
Total managerial remuneration 0 0
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 185 149
Total contribution to provident and other funds 185 149
Employee share based payment [Abstract]
Employee share based payment- Cash settled -7 -2
Total employee share based payment -7 -2
Staff welfare expense 116 114
Total employee benefit expense 4,009 3,375

296
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Depreciation, depletion and amortisation expense [Abstract]

Depreciation expense 643 339
Amortisation expense 5 6
Total depreciation, depletion and amortisation expense 648 345
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 0 0
Power and fuel 119 80
Rent 93 264
Repairs to building 0 0
Repairs to machinery 9 1
Insurance 41 35
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes 21 59
Total rates and taxes excluding taxes on income 21 59
Travelling conveyance 351 306
Directors sitting fees 0 0
Commission paid other selling agents 7 8
Secondary packing expenses 71 82
Cost repairs maintenance other assets 63 37
Cost transportation [Abstract]
Cost freight 415 471
Total cost transportation 415 471
Cost royalty 1,401 2,079
Loss on disposal of intangible Assets 0 0
Loss on disposal, discard, demolishment and destruction of
0 0
depreciable property plant and equipment
Contract cost [Abstract]
Site labour supervision cost contracts 270 187
Total contract cost 270 187
Payments to auditor [Abstract]
Payment for audit services 5 5
Payment for taxation matters 1 1
Payment for other services 1 1
Total payments to auditor 7 7
CSR expenditure 0 1
Miscellaneous expenses 2,448 2,198
Total other expenses 5,316 5,815
Current tax [Abstract]
Current tax pertaining to previous years 0 0
Current tax pertaining to current year 862 1,033
MAT credit recognised during year 0 0
Total current tax 862 1,033

[613200] Notes - Cash flow statement

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of cash flow statement [TextBlock]
Cash and cash equivalents cash flow statement 773 1,571 1,591
Cash and cash equivalents 773 1,571
Income taxes paid (refund), classified as operating activities 1,525 1,432
Total income taxes paid (refund) 1,525 1,432

297
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[500200] Notes - Additional information statement of profit and loss

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Additional information on profit and loss account explanatory [TextBlock]
Changes in inventories of work-in-progress -30 -115
Total changes in inventories of finished goods, work-in-progress and
-30 -115
stock-in-trade
Domestic sale manufactured goods 11,629 13,032
Total domestic turnover goods, gross 11,629 13,032
Total revenue from sale of products 11,629 13,032
Domestic revenue services 7,730 6,780
Total revenue from sale of services 7,730 6,780
Gross value of transaction with related parties 0 0
Bad debts of related parties 0 0

[611200] Notes - Fair value measurement

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of fair value measurement [TextBlock]
Disclosure of fair value measurement of assets [TextBlock]
Whether assets have been measured at fair value No No
Disclosure of fair value measurement of liabilities [TextBlock]
Whether liabilities have been measured at fair value No No
Disclosure of fair value measurement of equity [TextBlock]
Whether equity have been measured at fair value No No

298
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[613300] Notes - Operating segments

Disclosure of reportable segments [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Entity's reportable segments [Axis] Reportable segments [Member] Reportable segments 1 [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of entity's operating segments [TextBlock]
Disclosure of reportable segments [TextBlock]
Disclosure of reportable segments [Abstract]
Disclosure of reportable segments [Line items]
Elevators and Elevators and Elevators and Elevators and
Nature of reportable segment Escalators & Other Escalators & Other Escalators & Other Escalators & Other
Revenue primary reportable segment 17,656 18,451 17,656 18,451
Revenues from transactions with other
1,840 1,499 1,840 1,499
operating segments of the same entity
Total revenues from external customers and
transactions with other reportable segments 19,496 19,950 19,496 19,950
of same enterprise reportable segment
Interest revenue expense reportable segment
[Abstract]
Interest income reportable segment 0 0 0 0
Interest expense reportable segment 41 8 41 8
Total interest income (expense) reportable
-41 -8 -41 -8
segment
Depreciation and amortisation expense
648 345 648 345
reportable segment
Share of profit (loss) of associates and joint
ventures accounted for using equity method 0 0 0 0
reportable segment
Tax expense (income), continuing operations
1,000 1,003 1,000 1,003
reportable segment
Other material non-cash items reportable segment 313 848 313 848
Profit (loss) before tax reportable segment 3,067 2,763 3,067 2,763
Profit (loss) from continuing operations
2,067 1,760 2,067 1,760
reportable segment
Profit (loss) reportable segment 2,067 1,760 2,067 1,760
Assets reportable segment 14,879 13,263 14,879 13,263
Investments accounted for using equity method
0 0 0 0
reportable segment
Additions to non-current assets other than
financial instruments, deferred tax assets,
0 0 0 0
net defined benefit assets, and rights arising
under insurance contracts reportable segment
Liabilities reportable segment 9,084 9,470 9,084 9,470
Impairment loss recognised in profit or loss
0 0 0 0
reportable segment
Reversal of impairment loss recognised in
0 0 0 0
profit or loss reportable segment
Impairment loss recognised in other
0 0 0 0
comprehensive income reportable segment
Reversal of impairment loss recognised in
other comprehensive income reportable 0 0 0 0
segment
Net Cash flows from (used in) operating
0 0 0 0
activities reportable segment
Net Cash flows from (used in) investing
0 0 0 0
activities reportable segment
Net Cash flows from (used in) financing
0 0 0 0
activities reportable segment
Description of material reconciling items Textual information Textual information Textual information Textual information
reportable segment (104) [See below] (105) [See below] (106) [See below] (107) [See below]

299
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of entity's operating segments [TextBlock]
Disclosure of reportable segments [TextBlock]
Whether there are any reportable segments Yes Yes
Disclosure of major customers [TextBlock]
Whether there are any major customers No No

Textual information (104)

Description of material reconciling items reportable segment

Segment information a. Description of segments and principal activities The Managing Director (chief operating decision maker) of the Company
examines the Company's performance from the product perspective and thus, two reportable segments have been identified as below: Elevators
and Escalators - Manufacturing, supply, installation and commissioning of new elevators; supply, installation and commissioning of new
escalators; maintenance, servicing and modernisation of existing elevators and escalators. Others - Software development and shared services for
group companies.

Textual information (105)

Description of material reconciling items reportable segment

Segment information a. Description of segments and principal activities The Managing Director (chief operating decision maker) of the Company
examines the Company's performance from the product perspective and thus, two reportable segments have been identified as below: Elevators
and Escalators - Manufacturing, supply, installation and commissioning of new elevators; supply, installation and commissioning of new
escalators; maintenance, servicing and modernisation of existing elevators and escalators. Others - Software development and shared services for
group companies.

Textual information (106)

Description of material reconciling items reportable segment

Segment information a. Description of segments and principal activities The Managing Director (chief operating decision maker) of the Company
examines the Company's performance from the product perspective and thus, two reportable segments have been identified as below: Elevators
and Escalators - Manufacturing, supply, installation and commissioning of new elevators; supply, installation and commissioning of new
escalators; maintenance, servicing and modernisation of existing elevators and escalators. Others - Software development and shared services for
group companies.

Textual information (107)

Description of material reconciling items reportable segment

Segment information a. Description of segments and principal activities The Managing Director (chief operating decision maker) of the Company
examines the Company's performance from the product perspective and thus, two reportable segments have been identified as below: Elevators
and Escalators - Manufacturing, supply, installation and commissioning of new elevators; supply, installation and commissioning of new
escalators; maintenance, servicing and modernisation of existing elevators and escalators. Others - Software development and shared services for
group companies.

300
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[610700] Notes - Business combinations

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of business combinations [TextBlock]
Whether there is any business combination No No
Disclosure of reconciliation of changes in goodwill [TextBlock]
Whether there is any goodwill arising out of business combination No No
Disclosure of acquired receivables [TextBlock]
Whether there are any acquired receivables from business combination No No
Disclosure of contingent liabilities in business combination [TextBlock]
Whether there are any contingent liabilities in business combination No No

[611500] Notes - Interests in other entities

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of interests in other entities [TextBlock]
Disclosure of interests in subsidiaries [TextBlock]
Disclosure of subsidiaries [TextBlock]
Whether company has subsidiary companies No No
Whether company has subsidiary companies which are yet to commence
No No
operations
Whether company has subsidiary companies liquidated or sold during
No No
year
Disclosure of interests in associates [TextBlock]
Disclosure of associates [TextBlock]
Whether company has invested in associates No No
Whether company has associates which are yet to commence operations No No
Whether company has associates liquidated or sold during year No No
Disclosure of interests in joint arrangements [TextBlock]
Disclosure of joint ventures [TextBlock]
Whether company has invested in joint ventures No No
Whether company has joint ventures which are yet to commence
No No
operations
Whether company has joint ventures liquidated or sold during year No No
Disclosure of interests in unconsolidated structured entities [TextBlock]
Disclosure of unconsolidated structured entities [TextBlock]
Whether there are unconsolidated structured entities No No
Disclosure of investment entities [TextBlock]
Disclosure of information about unconsolidated subsidiaries [TextBlock]
Whether there are unconsolidated subsidiaries No No
Disclosure of information about unconsolidated structured entities
controlled by investment entity [TextBlock]
Whether there are unconsolidated structured entities controlled by
No No
investment entity

301
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[610800] Notes - Related party

Disclosure of transactions between related parties [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Key management personnel of entity or
Categories of related parties [Axis] Parent [Member]
parent [Member]
Related party [Axis] Column 1 Column 1
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Name of related party KONE OYJ, Finland KONE OYJ, Finland Amit Gossain Amit Gossain
Country of incorporation or residence of
FINLAND FINLAND INDIA INDIA
related party
Permanent account number of related party AJQPG5410P AJQPG5410P
Purchases of capital
Purchases of capital
goods, Services
goods, Services
rendered (Income),
rendered (Income),
Services received,
Services received,
Description of nature of transactions with Expenses Managerial Managerial
Expenses reimbursed
related party reimbursed remuneration remuneration
by,Expenses
by,Expenses
reimbursed to, Trade
reimbursed to, Trade
payables and Trade
payables and Trade
receivables.
receivables.
Description of nature of related party Key Managerial Key Managerial
Holding company Holding company
relationship Personnel Personnel
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 2 0 0
related party transactions
Services received related party transactions 1,665 2,415 0 0
Revenue from rendering of services related
1,279 953 0
party transactions
Other related party transactions expense 2 1 26 29
Other related party transactions income 0 7 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 371 1,052 0
Amounts receivable related party transactions 267 199 0
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

302
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Key management personnel of entity or
Categories of related parties [Axis] Other related parties [Member]
parent [Member]
Related party [Axis] Column 2 Column 1
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
C.V.S.Krishna
Name of related party Kumar
C.V.S.Krishna Kumar KONE Industrial Oy KONE Industrial Oy

Country of incorporation or residence of

INDIA INDIA FINLAND FINLAND
related party
Permanent account number of related party AAYPK6368D AAYPK6368D
Purchases of goods,
Purchases of goods,
Purchases of capital
Purchases of capital
goods, Sale of
goods, Sale of goods,
goods, Services
Services rendered
Managerial Managerial rendered (Income),
Description of nature of transactions with (Income), Expenses
remuneration and remuneration and E x p e n s e s
related party reimbursed
Trade payables Trade payables reimbursed
by,Expenses
by,Expenses
reimbursed to, Trade
reimbursed to, Trade
payables and Trade
payables and Trade
receivables.
receivables.
Description of nature of related party Key Managerial Key Managerial Fellow Subsidiary Fellow Subsidiary
relationship Personnel Personnel Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 271 177
Revenue from sale of goods related party
0 0 18 8
transactions
Purchases of property and other assets,
0 0 23 5
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
1 287 238
party transactions
Other related party transactions expense 7 6 1 0
Other related party transactions income 0 2 7
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 1 1 45 28
Amounts receivable related party transactions 0 85 63
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

303
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 2 Column 3
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
KONE Elevators KONE Elevators Co.
Name of related party Co. Ltd. Ltd.
Slimpa S.p.A. Slimpa S.p.A.

Country of incorporation or residence of

CHINA CHINA ITALY ITALY
related party
Purchases of goods,
Purchases of goods,
Purchases of capital Purchases of goods, Purchases of goods,
Purchases of capital
goods, Services Purchases of capital Purchases of capital
goods, Services
Description of nature of transactions with rendered (Income), goods, Services goods, Services
rendered (Income),
related party Expenses rendered (Income), rendered (Income),
Expenses reimbursed
reimbursed by,Trade Trade payables and Trade payables and
by,Trade payables and
payables and Trade Trade receivables. Trade receivables.
Trade receivables.
receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 936 2,070 1 1
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
3 2 0 1
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
21 21 0
party transactions
Other related party transactions expense 0 0
Other related party transactions income 2 1 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 90 236 0
Amounts receivable related party transactions 8 5 0
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

304
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 4 Column 5
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
KONE Belgium
Name of related party KONE Inc. (USA) KONE Inc. (USA)
S.A.
KONE Belgium S.A.

Country of incorporation or residence of

UNITED STATES UNITED STATES BELGIUM BELGIUM
related party
Purchases of capital
Purchases of capital Services rendered Services rendered
goods, Services
Description of nature of transactions with goods, Services (Income), Expenses (Income), Expenses
rendered (Income)
related party rendered (Income) and reimbursed by and reimbursed by and
and Trade
Trade receivables. Trade receivables. Trade receivables.
receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 1 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
70 59 8 6
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 11 7 1 3
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

305
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 6 Column 7
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
KONE KONE Deursystemen KONE Elevator (M) KONE Elevator (M)
Name of related party Deursystemen BV BV sdn. bhd. sdn. bhd.
Country of incorporation or residence of
NETHERLANDS NETHERLANDS MALAYSIA MALAYSIA
related party
Purchases of goods, Purchases of goods, Services rendered Services rendered
Purchases of capital Purchases of capital (Income), Expenses (Income), Expenses
Description of nature of transactions with
goods, Services goods, Services reimbursed by,Trade reimbursed by,Trade
related party rendered (Income) rendered (Income) and payables and Trade payables and Trade
and Trade payables Trade payables receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 2 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
2 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
0 1 1
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 1 1
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 1 2 0
Amounts receivable related party transactions 0 0
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

306
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 8 Column 9
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
KONE Industrial - KONE Industrial -
Name of related party koncern s.r.o. koncern s.r.o.
KPI Elevators Inc. KPI Elevators Inc.

Country of incorporation or residence of

CZECH REPUBLIC CZECH REPUBLIC PHILIPPINES PHILIPPINES
related party
Services rendered Services rendered
Description of nature of transactions with (Income), Trade (Income), Trade Services received Services received and
related party payables and Trade payables and Trade and Trade payables Trade payables
receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
0 0
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 0
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

307
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(7)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 10 Column 11
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
KONE Elevators
KONE Elevators KONE (Ireland) KONE (Ireland)
Name of related party South Africa (Pty)
South Africa (Pty) Ltd Limited Limited
Ltd
Country of incorporation or residence of
SOUTH AFRICA SOUTH AFRICA IRELAND IRELAND
related party
Services rendered Services rendered Services rendered Services rendered
Description of nature of transactions with
(Income), and Trade (Income), and Trade (Income), and Trade (Income), and Trade
related party receivables. receivables. receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
3 6 8 10
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 1 2 3
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

308
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(8)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 12 Column 13
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
KONE Inc.
Name of related party KONE Plc. KONE Plc.
(Canada)
KONE Inc. (Canada)

Country of incorporation or residence of UNITED

UNITED KINGDOM CANADA CANADA
related party KINGDOM
Services rendered Services rendered Services rendered Services rendered
Description of nature of transactions with
(Income) and Trade (Income) and Trade (Income), and Trade (Income), and Trade
related party receivables. receivables. receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
50 55 16 12
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 13 4 2 1
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

309
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(9)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 14 Column 15
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
KONE Industrial KONE Middle East KONE Middle East
Name of related party SPA
KONE Industrial SPA
Lcc Lcc
Country of incorporation or residence of UNITED ARAB UNITED ARAB
ITALY ITALY
related party EMIRATES EMIRATES
Services rendered Services rendered Services rendered Services rendered
Description of nature of transactions with
(Income), and Trade (Income), and Trade (Income), and Trade (Income), and Trade
related party receivables. receivables. receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
2 2 16 19
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 1 0 2 1
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

310
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(10)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 16 Column 17
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
KONE Industrial KONE Industrial S.A.
Name of related party S.A. de C.V. de C.V.
KONE Pte Ltd. KONE Pte Ltd.

Country of incorporation or residence of

MEXICO MEXICO SINGAPORE SINGAPORE
related party
Services rendered Services rendered Services rendered Services rendered
Description of nature of transactions with
(Income), and Trade (Income), and Trade (Income), and Trade (Income), and Trade
related party receivables. receivables. receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
4 2 0
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 1 1
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 0
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

311
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(11)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 18 Column 19
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Name of related party KONE Areeco Ltd. KONE Areeco Ltd. KONÉ S.A. KONÉ S.A.
Country of incorporation or residence of
SAUDI ARABIA SAUDI ARABIA FRANCE FRANCE
related party
Services rendered Services rendered Services rendered Services rendered
Description of nature of transactions with
(Income), and Trade (Income), and Trade (Income), and Trade (Income), and Trade
related party receivables. receivables. receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
9 11 11 4
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 1 1 2 4
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

312
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(12)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 20 Column 21
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
KONE Mexico S.A. KONE Mexico S.A.
Name of related party KONE AG KONE AG
de C.V. de C.V.
Country of incorporation or residence of
AUSTRIA AUSTRIA MEXICO MEXICO
related party
Services rendered Services rendered Services rendered Services rendered
Description of nature of transactions with
(Income), and Trade (Income), and Trade (Income), and Trade (Income), and Trade
related party receivables. receivables. receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
0 1 10 9
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 2 1
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

313
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(13)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 22 Column 23
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
KONE Kenya
Name of related party KONE Llc KONE Llc
Limited
KONE Kenya Limited

Country of incorporation or residence of

EGYPT EGYPT KENYA KENYA
related party
Services rendered Services rendered Services rendered Services rendered
Description of nature of transactions with
(Income), and Trade (Income), and Trade (Income), and Trade (Income), and Trade
related party receivables. receivables. receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 1 0 0 0
Revenue from rendering of services related
6 4 3 2
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 2 1 1
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

314
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(14)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 24 Column 25
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
KONE Elevators
KONE Elevators and
Name of related party KONE Export Oy KONE Export Oy and Escalators
Escalators Sarlau
Sarlau
Country of incorporation or residence of
FINLAND FINLAND MOROCCO MOROCCO
related party
Services rendered Services rendered Services rendered Services rendered
Description of nature of transactions with
(Income), and Trade (Income), and Trade (Income), and Trade (Income), and Trade
related party receivables. receivables. receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
0 1 0
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 1 0
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

315
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(15)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 26 Column 27
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
KONE Uganda KONE Uganda
Name of related party KONE Assarain Llc KONE Assarain Llc
Limited Limited
Country of incorporation or residence of
OMAN OMAN UGANDA UGANDA
related party
Services rendered Services rendered Services rendered Services rendered
Description of nature of transactions with
(Income), and Trade (Income), and Trade (Income), and Trade (Income), and Trade
related party receivables. receivables. receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
0 0 0
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 0
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

316
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(16)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 28 Column 29
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
KONE Elevators KONE Elevators Co.
Name of related party Co. Llc Llc
KONE Hissit Oy KONE Hissit Oy

Country of incorporation or residence of

CHINA CHINA FINLAND FINLAND
related party
Services rendered Services rendered Services rendered Services rendered
Description of nature of transactions with
(Income), and Trade (Income), and Trade (Income), and Trade (Income), and Trade
related party receivables. receivables. receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
1 1 2 1
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 0 1
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

317
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(17)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 30 Column 31
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Name of related party KONE GmbH KONE GmbH KONE S.p.A. KONE S.p.A.
Country of incorporation or residence of
GERMANY GERMANY ITALY ITALY
related party
Services rendered Services rendered Services rendered Services rendered
Description of nature of transactions with
(Income), and Trade (Income), and Trade (Income), and Trade (Income), and Trade
related party receivables. receivables. receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
3 1 0
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 1 0
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

318
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(18)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 32 Column 33
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
KONE Bahrain KONE Elevators KONE Elevators
Name of related party S.P.C
KONE Bahrain S.P.C
Cyprus Limited Cyprus Limited
Country of incorporation or residence of
BAHRAIN BAHRAIN CYPRUS CYPRUS
related party
Services rendered Services rendered Services rendered Services rendered
Description of nature of transactions with
(Income), and Trade (Income), and Trade (Income), and Trade (Income), and Trade
related party receivables. receivables. receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
0 1
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 0
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

319
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(19)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 34 Column 35
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Name of related party KONE A/S KONE A/S KONE AB KONE AB
Country of incorporation or residence of
DENMARK DENMARK SWEDEN SWEDEN
related party
Services rendered Services rendered Services rendered Services rendered
Description of nature of transactions with
(Income), and Trade (Income), and Trade (Income), and Trade (Income), and Trade
related party receivables. receivables. receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
0 0 3 0
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 0
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

320
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(20)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 36 Column 37
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Name of related party KONE Aksjeselskap KONE Aksjeselskap KONE LTD KONE LTD
Country of incorporation or residence of
DENMARK DENMARK ISRAEL ISRAEL
related party
Services rendered Services rendered Services rendered Services rendered
Description of nature of transactions with
(Income), and Trade (Income), and Trade (Income), and Trade (Income), and Trade
related party receivables. receivables. receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
0 1 0
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 0
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

321
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(21)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 38 Column 39
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
SIA KONE Lifti SIA KONE Lifti
Name of related party Latvija Latvija
UAB KONE UAB KONE

Country of incorporation or residence of

LATVIA LATVIA LITHUANIA LITHUANIA
related party
Services rendered Services rendered Services rendered Services rendered
Description of nature of transactions with
(Income), and Trade (Income), and Trade (Income), and Trade (Income), and Trade
related party receivables. receivables. receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
0 0
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 0
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

322
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(22)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 40 Column 41
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Name of related party JSC KONE Lifts JSC KONE Lifts KONE B.V. KONE B.V.
Country of incorporation or residence of RUSSIAN RUSSIAN
NETHERLANDS NETHERLANDS
related party FEDERATION FEDERATION
Services rendered Services rendered Services rendered Services rendered
Description of nature of transactions with
(Income), and Trade (Income), and Trade (Income), and Trade (Income), and Trade
related party receivables. receivables. receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
0 12 3
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 2 3
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

323
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(23)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 42 Column 43
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
KONE Elevadores KONE Elevadores
Name of related party AS KONE AS KONE
S.A. S.A.
Country of incorporation or residence of
ESTONIA ESTONIA SPAIN SPAIN
related party
Services rendered Services rendered Services rendered Services rendered
Description of nature of transactions with
(Income), and Trade (Income), and Trade (Income), and Trade (Income), and Trade
related party receivables. receivables. receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
0 5 1
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 3 1
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

324
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(24)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 44 Column 45
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
KONE (Schweiz)
Name of related party AG
KONE (Schweiz) AG KONE a.s. KONE a.s.

Country of incorporation or residence of

SWITZERLAND SWITZERLAND CZECH REPUBLIC CZECH REPUBLIC
related party
Services rendered Services rendered Services rendered Services rendered
Description of nature of transactions with
(Income), and Trade (Income), and Trade (Income), and Trade (Income), and Trade
related party receivables. receivables. receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
0 0
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 0
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

325
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(25)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 46 Column 47
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Name of related party KONE Felvonó Kft KONE Felvonó Kft KONE Sp.zo.o. KONE Sp.zo.o.
Country of incorporation or residence of
HUNGARY HUNGARY POLAND POLAND
related party
Services rendered Services rendered Services rendered Services rendered
Description of nature of transactions with
(Income), and Trade (Income), and Trade (Income), and Trade (Income), and Trade
related party receivables. receivables. receivables. receivables.
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
1 0 0
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 0
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

326
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(26)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 48 Column 49
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Name of related party KONE d.o.o. KONE d.o.o. KONE SSC s.r.o. KONE SSC s.r.o.
Country of incorporation or residence of
SINGAPORE SINGAPORE SLOVAKIA SLOVAKIA
related party
Services rendered Services rendered
Services rendered Services rendered (Income), Expenses (Income), Expenses
Description of nature of transactions with
(Income), and Trade (Income), and Trade reimbursed by and reimbursed by and
related party receivables. receivables. expenses reimbursed expenses reimbursed
to to
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
1 0 0 75
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0 1
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 0
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

327
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(27)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] Column 50 Column 51
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Kone Asansör
Kone Asansör Sanayi KONE Public KONE Public
Name of related party Sanayi ve Ticaret
ve Ticaret A.S. Company Limited Company Limited
A.S.
Country of incorporation or residence of
TURKEY TURKEY THAILAND THAILAND
related party
Sale of goods, Sale of goods,
Description of nature of transactions with Services rendered ( Services rendered ( E x p e n s e s Expenses reimbursed
related party Income) and Trade Income) and Trade reimbursed to to
receivables receivables
Description of nature of related party Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Company Company Company Company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 0 0 0
transactions
Purchases of property and other assets,
0 0 0 0
related party transactions
Services received related party transactions 0 0 0 0
Revenue from rendering of services related
1 0 0
party transactions
Other related party transactions expense 0 0
Other related party transactions income 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 1 0 0
Expense recognised during period for bad
and doubtful debts for related party 0 0
transaction

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of related party [TextBlock]
Name of parent entity KONE OYJ,Finland
Whether there are any related party transactions during year Yes Yes
Textual information Textual information
Disclosure of transactions between related parties [TextBlock] (108) [See below] (109) [See below]
Whether entity applies exemption in Ind AS 24.25 No No
Whether company is subsidiary company Yes Yes
Section under which company is subsidiary Section 2(87)(ii) Section 2(87)(ii)

328
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (108)

Disclosure of transactions between related parties [Text Block]

Note 36

Related
party
disclosures

(a) List of related parties where control exists

Holding company KONE OYJ, Finland

Key management personnel

(b) Amit Gossain, Managing Director

C.V.S.Krishna Kumar, Wholetime

Director and Company Secretary

Other related parties with whom

(c) transactions have taken place during the
year

Fellow subsidiaries

Year ended March 31, 2020 Year ended March 31, 2019

KONE AB KONE AB

KONE AG KONE AG

KONE Areeco Ltd. KONE Areeco Ltd.

KONE Belgium S.A. KONE Belgium S.A.

KONE Elevator (M) sdn. bhd. KONE Elevator (M) sdn. bhd.

KONE Elevators
KONE Elevators Co. Ltd.
Co. Ltd.

KONE Elevators South Africa (Pty)

KONE Elevators South Africa (Pty) Ltd
Ltd

KONE Inc.
KONE Inc. (Canada)
(Canada)

KONE Inc. (USA) KONE Inc. (USA)

KONE Industrial Oy KONE Industrial Oy

KONE Industrial S.A. de C.V. KONE Industrial S.A. de C.V.

KONE Industrial
KONE Industrial SPA
SPA

KONE (Ireland)
KONE (Ireland) Limited
Limited

329
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

KONE Mexico S.A. de C.V. KONE Mexico S.A. de C.V.

KONE Middle East

KONE Middle East Lcc
Lcc

KONE Plc. KONE Plc.

KONE Pte Ltd. KONE Pte Ltd.

KONÉ S.A. KONÉ S.A.

KONE SSC s.r.o. KONE SSC s.r.o.

Slimpa S.p.A. KPI Elevators Inc.

KONE Elevators and Escalators Sarlau Slimpa S.p.A.

KONE Elevators
KONE Assarain Llc and Escalators
Sarlau

KONE Elevators Co. Llc KONE Assarain Llc

KONE Elevators
KONE Uganda Limited
Co. Llc

KONE Uganda
KONE Export Oy
Limited

KONE Kenya Limited KONE Export Oy

KONE Kenya
KONE Llc
Limited

KONE Deursystemen BV KONE Llc

KONE
KONE Hissit Oy
Deursystemen BV

KONE GmbH KONE Hissit Oy

KONE S.p.A. KONE GmbH

KONE Bahrain S.P.C KONE S.p.A.

KONE Elevators Cyprus Limited KONE Bahrain S.P.C

KONE Elevators
KONE A/S
Cyprus Limited

KONE Aksjeselskap KONE A/S

KONE Aksjeselskap
KONE LTD

Kone Asansör Sanayi ve Ticaret A.S. KONE LTD

Kone Asansör
SIA KONE Lifti Latvija Sanayi ve Ticaret
A.S.

SIA KONE Lifti

UAB KONE
Latvija

JSC KONE Lifts UAB KONE

KONE B.V. JSC KONE Lifts

330
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

AS KONE KONE B.V.

KONE Elevadores S.A. AS KONE

KONE Elevadores
KONE (Schweiz) AG
S.A.

KONE
KONE a.s.
(Schweiz) AG

KONE Felvonó Kft KONE a.s.

KONE
KONE Sp.zo.o.
Felvonó Kft

KONE
KONE d.o.o.
Sp.zo.o.

KONE Industrial - koncern s.r.o. KONE d.o.o.

KONE Industrial - koncern

KONE Public Company Limited
s.r.o.

KPI Elevators Inc.

(d) Post employment benefit plans *

Kone Elevator India group gratuity trust

Kone Elevator India superannuantion trust

* Refer Note 28 for information on

transaction with post-employment benefit
plans.

Note 36
(Contd.)

Year
Year ended
ended
March 31,
March
2019
31, 2020

Key Key
Holding Fellow Fellow
Particulars management Holding company management
company subsidiaries subsidiaries
personnel personnel

Transactions
during the
year

Purchases of - -
1,208 -
goods 2,250

KONE - -
-
Industrial Oy 271 177

KONE
- -
Elevators Co. -
936 2,070
Ltd.

- -
Slimpa S.p.A. -
1 1

331
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

KONE - - -
Deursystemen 0 * 2
BV

Purchases of - -
28 2
capital goods 9

KONE OYJ, - - - -
2
Finland

KONE - -
-
Industrial Oy 23 5

KONE
- -
Elevators Co. -
3 2
Ltd.

KONE Inc. - - -
-
(USA) 1

- - -
Slimpa S.p.A. -
1

KONE
- - -
Deursystemen -
2
BV

- -
Sale of goods 18 -
8

KONE - -
-
Industrial Oy 18 8

Kone Asansör
- - -
Sanayi ve * -
0
Ticaret A.S.

Services
-
rendered 1,279 560 953
547
(Income)

KONE OYJ, - - -
1,279 953
Finland

KONE - -
-
Industrial Oy 287 238

KONE Inc. - -
-
(USA) 70 59

- -
KONÉ S.A. -
11 4

KONE
Elevators - -
-
South Africa 3 6
(Pty) Ltd

KONE
- -
(Ireland) -
8 10
Limited

- -
KONE Plc. -
50 55

KONE Middle - -
-
East Lcc 16 19

KONE - -

332
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Industrial SPA 2 - 2

KONE Mexico - -
-
S.A. de C.V. 10 9

KONE
- -
Industrial S.A. -
4 2
de C.V.

KONE Inc. - -
-
(Canada) 16 12

KONE - -
-
Belgium S.A. 8 6

KONE SSC - - -
-
s.r.o. 75

KONE
- -
Elevator (M) -
1 1
sdn. bhd.

- -
KONE AG * -
0 1

KONE Areeco - -
-
Ltd. 9 11

- -
KONE Llc -
6 4

KONE Kenya - -
-
Limited 3 2

KONE Export - - -
-
Oy 0

KONE
Elevators and - -
-
Escalators 1 0
Sarlau

KONE - -
* -
Assarain Llc 0 0

KONE
- -
Elevators Co. -
1 1
Llc

KONE
- -
Uganda * -
0 0
Limited

KONE
- -
Elevators Co. -
21 21
Ltd.

KONE Hissit - -
-
Oy 2 1

- -
KONE GmbH -
3 1

- -
KONE S.p.A. * -
0 0

333
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

KONE - -
* -
Bahrain S.P.C 0 0

KONE
Elevators - -
-
Cyprus 1 0
Limited

- -
KONE A/S * -
0 0

- -
KONE AB -
3 0

KONE - -
* -
Aksjeselskap 0 0

- -
KONE LTD -
1 0

Kone Asansör
- -
Sanayi ve -
1 0
Ticaret A.S.

SIA KONE - -
* -
Lifti Latvija 0 0

- -
UAB KONE * -
0 0

JSC KONE - -
* -
Lifts 0 0

- -
KONE B.V. -
12 3

- -
AS KONE * -
0 0

KONE
- -
Elevadores -
5 1
S.A.

KONE - -
* -
(Schweiz) AG 0 0

- -
KONE a.s. * -
0 0

KONE - -
-
Felvonó Kft 1 0

KONE - -
* -
Sp.zo.o. 0 0

334
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

- -
KONE d.o.o. -
1 0

KONE
- -
Industrial - * -
0 0
koncern s.r.o.

- -
Slimpa S.p.A. * -
0 0

Services - - -
1,665 2,415
received

KONE OYJ, - - -
1,665 2,415 @
Finland

Expenses -
0 * 6 7
reimbursed by 11

KONE OYJ, - - -
0 * 7
Finland

KONE - -
-
Industrial Oy 2 7

KONE
- -
Elevators Co. -
2 1
Ltd.

KONE
- -
Elevator (M) -
1 1
sdn. bhd.

KONE Pte - -
-
Ltd. 1 1

KONE - - -
-
Belgium S.A. 0

KPI Elevators - - -
-
Inc. 0

KONE SSC - - -
-
s.r.o. 1

Expenses -
2 1 1
reimbursed to 0

KONE OYJ, - - -
2 1
Finland

KONE - -
-
Industrial Oy 1 0

KONE SSC - - -
* -
s.r.o. 0

KONE Public
- - -
Company * -
0
Limited

Managerial
- - -
remuneration -
33
#

335
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Amit Gossain - - - -
26

C.V.S.Krishna - - -
-
Kumar 7

* Amount is
below the
rounding-off
norm adopted
by the
Company.

# Amount
does not
include
gratuity and
compensated
absences as
the same is
accrued at the
Company
level based
on an
actuarial
valuation.

@ Amount
includes
impact on
account of
change in
accounting
policy (Refer
Note 25).

336
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (109)

Disclosure of transactions between related parties [Text Block]

Note 36

Related
party
disclosures

(a) List of related parties where control exists

Holding company KONE OYJ, Finland

Key management personnel

(b) Amit Gossain, Managing Director

C.V.S.Krishna Kumar, Wholetime

Director and Company Secretary

Other related parties with whom

(c) transactions have taken place during the
year

Fellow subsidiaries

Year ended March 31, 2020 Year ended March 31, 2019

KONE AB KONE AB

KONE AG KONE AG

KONE Areeco Ltd. KONE Areeco Ltd.

KONE Belgium S.A. KONE Belgium S.A.

KONE Elevator (M) sdn. bhd. KONE Elevator (M) sdn. bhd.

KONE Elevators
KONE Elevators Co. Ltd.
Co. Ltd.

KONE Elevators South Africa (Pty)

KONE Elevators South Africa (Pty) Ltd
Ltd

KONE Inc.
KONE Inc. (Canada)
(Canada)

KONE Inc. (USA) KONE Inc. (USA)

KONE Industrial Oy KONE Industrial Oy

KONE Industrial S.A. de C.V. KONE Industrial S.A. de C.V.

KONE Industrial
KONE Industrial SPA
SPA

KONE (Ireland)
KONE (Ireland) Limited
Limited

337
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

KONE Mexico S.A. de C.V. KONE Mexico S.A. de C.V.

KONE Middle East

KONE Middle East Lcc
Lcc

KONE Plc. KONE Plc.

KONE Pte Ltd. KONE Pte Ltd.

KONÉ S.A. KONÉ S.A.

KONE SSC s.r.o. KONE SSC s.r.o.

Slimpa S.p.A. KPI Elevators Inc.

KONE Elevators and Escalators Sarlau Slimpa S.p.A.

KONE Elevators
KONE Assarain Llc and Escalators
Sarlau

KONE Elevators Co. Llc KONE Assarain Llc

KONE Elevators
KONE Uganda Limited
Co. Llc

KONE Uganda
KONE Export Oy
Limited

KONE Kenya Limited KONE Export Oy

KONE Kenya
KONE Llc
Limited

KONE Deursystemen BV KONE Llc

KONE
KONE Hissit Oy
Deursystemen BV

KONE GmbH KONE Hissit Oy

KONE S.p.A. KONE GmbH

KONE Bahrain S.P.C KONE S.p.A.

KONE Elevators Cyprus Limited KONE Bahrain S.P.C

KONE Elevators
KONE A/S
Cyprus Limited

KONE Aksjeselskap KONE A/S

KONE Aksjeselskap
KONE LTD

Kone Asansör Sanayi ve Ticaret A.S. KONE LTD

Kone Asansör
SIA KONE Lifti Latvija Sanayi ve Ticaret
A.S.

SIA KONE Lifti

UAB KONE
Latvija

JSC KONE Lifts UAB KONE

KONE B.V. JSC KONE Lifts

338
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

AS KONE KONE B.V.

KONE Elevadores S.A. AS KONE

KONE Elevadores
KONE (Schweiz) AG
S.A.

KONE
KONE a.s.
(Schweiz) AG

KONE Felvonó Kft KONE a.s.

KONE
KONE Sp.zo.o.
Felvonó Kft

KONE
KONE d.o.o.
Sp.zo.o.

KONE Industrial - koncern s.r.o. KONE d.o.o.

KONE Industrial - koncern

KONE Public Company Limited
s.r.o.

KPI Elevators Inc.

(d) Post employment benefit plans *

Kone Elevator India group gratuity trust

Kone Elevator India superannuantion trust

* Refer Note 28 for information on

transaction with post-employment benefit
plans.

Note 36
(Contd.)

Year
Year ended
ended
March 31,
March
2019
31, 2020

Key Key
Holding Fellow Fellow
Particulars management Holding company management
company subsidiaries subsidiaries
personnel personnel

Transactions
during the
year

Purchases of - -
1,208 -
goods 2,250

KONE - -
-
Industrial Oy 271 177

KONE
- -
Elevators Co. -
936 2,070
Ltd.

- -
Slimpa S.p.A. -
1 1

339
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

KONE - - -
Deursystemen 0 * 2
BV

Purchases of - -
28 2
capital goods 9

KONE OYJ, - - - -
2
Finland

KONE - -
-
Industrial Oy 23 5

KONE
- -
Elevators Co. -
3 2
Ltd.

KONE Inc. - - -
-
(USA) 1

- - -
Slimpa S.p.A. -
1

KONE
- - -
Deursystemen -
2
BV

- -
Sale of goods 18 -
8

KONE - -
-
Industrial Oy 18 8

Kone Asansör
- - -
Sanayi ve * -
0
Ticaret A.S.

Services
-
rendered 1,279 560 953
547
(Income)

KONE OYJ, - - -
1,279 953
Finland

KONE - -
-
Industrial Oy 287 238

KONE Inc. - -
-
(USA) 70 59

- -
KONÉ S.A. -
11 4

KONE
Elevators - -
-
South Africa 3 6
(Pty) Ltd

KONE
- -
(Ireland) -
8 10
Limited

- -
KONE Plc. -
50 55

KONE Middle - -
-
East Lcc 16 19

KONE - -

340
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Industrial SPA 2 - 2

KONE Mexico - -
-
S.A. de C.V. 10 9

KONE
- -
Industrial S.A. -
4 2
de C.V.

KONE Inc. - -
-
(Canada) 16 12

KONE - -
-
Belgium S.A. 8 6

KONE SSC - - -
-
s.r.o. 75

KONE
- -
Elevator (M) -
1 1
sdn. bhd.

- -
KONE AG * -
0 1

KONE Areeco - -
-
Ltd. 9 11

- -
KONE Llc -
6 4

KONE Kenya - -
-
Limited 3 2

KONE Export - - -
-
Oy 0

KONE
Elevators and - -
-
Escalators 1 0
Sarlau

KONE - -
* -
Assarain Llc 0 0

KONE
- -
Elevators Co. -
1 1
Llc

KONE
- -
Uganda * -
0 0
Limited

KONE
- -
Elevators Co. -
21 21
Ltd.

KONE Hissit - -
-
Oy 2 1

- -
KONE GmbH -
3 1

- -
KONE S.p.A. * -
0 0

341
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

KONE - -
* -
Bahrain S.P.C 0 0

KONE
Elevators - -
-
Cyprus 1 0
Limited

- -
KONE A/S * -
0 0

- -
KONE AB -
3 0

KONE - -
* -
Aksjeselskap 0 0

- -
KONE LTD -
1 0

Kone Asansör
- -
Sanayi ve -
1 0
Ticaret A.S.

SIA KONE - -
* -
Lifti Latvija 0 0

- -
UAB KONE * -
0 0

JSC KONE - -
* -
Lifts 0 0

- -
KONE B.V. -
12 3

- -
AS KONE * -
0 0

KONE
- -
Elevadores -
5 1
S.A.

KONE - -
* -
(Schweiz) AG 0 0

- -
KONE a.s. * -
0 0

KONE - -
-
Felvonó Kft 1 0

KONE - -
* -
Sp.zo.o. 0 0

342
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

- -
KONE d.o.o. -
1 0

KONE
- -
Industrial - * -
0 0
koncern s.r.o.

- -
Slimpa S.p.A. * -
0 0

Services - - -
1,665 2,415
received

KONE OYJ, - - -
1,665 2,415 @
Finland

Expenses -
0 * 6 7
reimbursed by 11

KONE OYJ, - - -
0 * 7
Finland

KONE - -
-
Industrial Oy 2 7

KONE
- -
Elevators Co. -
2 1
Ltd.

KONE
- -
Elevator (M) -
1 1
sdn. bhd.

KONE Pte - -
-
Ltd. 1 1

KONE - - -
-
Belgium S.A. 0

KPI Elevators - - -
-
Inc. 0

KONE SSC - - -
-
s.r.o. 1

Expenses -
2 1 1
reimbursed to 0

KONE OYJ, - - -
2 1
Finland

KONE - -
-
Industrial Oy 1 0

KONE SSC - - -
* -
s.r.o. 0

KONE Public
- - -
Company * -
0
Limited

Managerial
- - -
remuneration -
33
#

343
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Amit Gossain - - - -
26

C.V.S.Krishna - - -
-
Kumar 7

* Amount is
below the
rounding-off
norm adopted
by the
Company.

# Amount
does not
include
gratuity and
compensated
absences as
the same is
accrued at the
Company
level based
on an
actuarial
valuation.

@ Amount
includes
impact on
account of
change in
accounting
policy (Refer
Note 25).

[611700] Notes - Other provisions, contingent liabilities and contingent assets

Disclosure of other provisions [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Warranty provision
Classes of other provisions [Axis] Other provisions [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of other provisions, contingent liabilities
and contingent assets [TextBlock]
Disclosure of other provisions [TextBlock]
Disclosure of other provisions [Abstract]
Disclosure of other provisions [Line items]
Reconciliation of changes in other provisions
[Abstract]
Changes in other provisions [Abstract]
Additional provisions, other provisions
[Abstract]
New provisions, other provisions 446 552 391
Total additional provisions, other
446 552 391
provisions
Provision used, other provisions 345 416 259
Unused provision reversed, other
141 128 141
provisions
Other increase decrease in other
0 -9 0
provisions
Total changes in other provisions -40 -1 -9
Other provisions at end of period 308 348 349 234

344
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of other provisions [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other provisions [Axis] Warranty provision [Member] Other provisions, others [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of other provisions, contingent liabilities
and contingent assets [TextBlock]
Disclosure of other provisions [TextBlock]
Disclosure of other provisions [Abstract]
Disclosure of other provisions [Line items]
Reconciliation of changes in other provisions
[Abstract]
Changes in other provisions [Abstract]
Additional provisions, other provisions
[Abstract]
New provisions, other provisions 400 55 152
Total additional provisions, other
400 55 152
provisions
Provision used, other provisions 324 86 92
Unused provision reversed, other
128 0 0
provisions
Other increase decrease in other
0 0 -9
provisions
Total changes in other provisions -52 -31 51
Other provisions at end of period 243 295 74 105
provision for loss provision for loss
Description of other provisions, others contracts contracts

Disclosure of other provisions [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Other provisions,
Classes of other provisions [Axis] Other provisions, others 1 [Member]
others [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of other provisions, contingent liabilities
and contingent assets [TextBlock]
Disclosure of other provisions [TextBlock]
Disclosure of other provisions [Abstract]
Disclosure of other provisions [Line items]
Reconciliation of changes in other provisions
[Abstract]
Changes in other provisions [Abstract]
Additional provisions, other provisions
[Abstract]
New provisions, other provisions 55 152
Total additional provisions, other
55 152
provisions
Provision used, other provisions 86 92
Unused provision reversed, other
0 0
provisions
Other increase decrease in other
0 -9
provisions
Total changes in other provisions -31 51
Other provisions at end of period 54 74 105 54
provision for loss provision for loss
Description of other provisions, others contracts contracts

345
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of contingent liabilities [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of contingent liabilities [Axis] Contingent liabilities [Member] Tax contingent liability [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of other provisions, contingent liabilities
and contingent assets [TextBlock]
Disclosure of contingent liabilities [TextBlock]
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Claims against the Claims against the Claims against the Claims against the
Description of nature of obligation, contingent Company not Company not Company not Company not
liabilities acknowledged as acknowledged as acknowledged as acknowledged as
debts debts debts debts
Explanation of estimated financial effect of
NA NA NA NA
contingent liabilities
Estimated financial effect of contingent
2,670 5,488 29 3,019
liabilities
The Company does The Company does
The Company does The Company does
not expect any not expect any
not expect any not expect any
Explanation of possibility of reimbursement reimbursements in reimbursements in
reimbursements in reimbursements in
contingent liabilities respect of the respect of the
respect of the respect of the
contingent contingent
contingent liabilities. contingent liabilities.
liabilities. liabilities.
It is not practicable It is not practicable It is not practicable It is not practicable
for the Company to for the Company to for the Company to for the Company to
estimate the timings estimate the timings estimate the timings estimate the timings
of cash outflows, if of cash outflows, if of cash outflows, if of cash outflows, if
Indication of uncertainties of amount or
any, in respect of the any, in respect of the any, in respect of the any, in respect of the
timing of outflows contingent liabilities above pending above pending above pending above pending
resolution of the resolution of the resolution of the resolution of the
respective respective respective respective
proceedings. proceedings. proceedings. proceedings.

Disclosure of contingent liabilities [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Contingent liability on disputed sales tax
Classes of contingent liabilities [Axis] Other contingent liabilities [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of other provisions, contingent liabilities
and contingent assets [TextBlock]
Disclosure of contingent liabilities [TextBlock]
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Claims against the Claims against the Claims against the Claims against the
Description of nature of obligation, contingent Company not Company not Company not Company not
liabilities acknowledged as acknowledged as acknowledged as acknowledged as
debts debts debts debts
Explanation of estimated financial effect of
NA NA NA NA
contingent liabilities
Estimated financial effect of contingent
2,641 2,469 1,067 976
liabilities
The Company does The Company does
The Company does The Company does
not expect any not expect any
not expect any not expect any
Explanation of possibility of reimbursement reimbursements in reimbursements in
reimbursements in reimbursements in
contingent liabilities respect of the respect of the
respect of the respect of the
contingent contingent
contingent liabilities. contingent liabilities.
liabilities. liabilities.
It is not practicable It is not practicable It is not practicable It is not practicable
for the Company to for the Company to for the Company to for the Company to
estimate the timings estimate the timings estimate the timings estimate the timings
of cash outflows, if of cash outflows, if of cash outflows, if of cash outflows, if
Indication of uncertainties of amount or
any, in respect of the any, in respect of the any, in respect of the any, in respect of the
timing of outflows contingent liabilities above pending above pending above pending above pending
resolution of the resolution of the resolution of the resolution of the
respective respective respective respective
proceedings. proceedings. proceedings. proceedings.

346
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of contingent liabilities [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Contingent liability on disputed income Contingent liability on disputed excise
Classes of contingent liabilities [Axis]
tax [Member] demands [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of other provisions, contingent liabilities
and contingent assets [TextBlock]
Disclosure of contingent liabilities [TextBlock]
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Claims against the Claims against the Claims against the Claims against the
Description of nature of obligation, contingent Company not Company not Company not Company not
liabilities acknowledged as acknowledged as acknowledged as acknowledged as
debts debts debts debts
Explanation of estimated financial effect of
NA NA NA NA
contingent liabilities
Estimated financial effect of contingent
572 572 38 38
liabilities
The Company does The Company does
The Company does The Company does
not expect any not expect any
not expect any not expect any
Explanation of possibility of reimbursement reimbursements in reimbursements in
reimbursements in reimbursements in
contingent liabilities respect of the respect of the
respect of the respect of the
contingent contingent
contingent liabilities. contingent liabilities.
liabilities. liabilities.
It is not practicable It is not practicable It is not practicable It is not practicable
for the Company to for the Company to for the Company to for the Company to
estimate the timings estimate the timings estimate the timings estimate the timings
of cash outflows, if of cash outflows, if of cash outflows, if of cash outflows, if
Indication of uncertainties of amount or
any, in respect of the any, in respect of the any, in respect of the any, in respect of the
timing of outflows contingent liabilities above pending above pending above pending above pending
resolution of the resolution of the resolution of the resolution of the
respective respective respective respective
proceedings. proceedings. proceedings. proceedings.

Disclosure of contingent liabilities [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Contingent liability on disputed liability
Contingent liability on disputed service
Classes of contingent liabilities [Axis] relating to employees and other staff
tax demands [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of other provisions, contingent liabilities
and contingent assets [TextBlock]
Disclosure of contingent liabilities [TextBlock]
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Claims against the Claims against the Claims against the Claims against the
Description of nature of obligation, contingent Company not Company not Company not Company not
liabilities acknowledged as acknowledged as acknowledged as acknowledged as
debts debts debts debts
Explanation of estimated financial effect of
NA NA NA NA
contingent liabilities
Estimated financial effect of contingent
924 844 40 39
liabilities
The Company does The Company does
The Company does The Company does
not expect any not expect any
not expect any not expect any
Explanation of possibility of reimbursement reimbursements in reimbursements in
reimbursements in reimbursements in
contingent liabilities respect of the respect of the
respect of the respect of the
contingent contingent
contingent liabilities. contingent liabilities.
liabilities. liabilities.
It is not practicable It is not practicable It is not practicable It is not practicable
for the Company to for the Company to for the Company to for the Company to
estimate the timings estimate the timings estimate the timings estimate the timings
of cash outflows, if of cash outflows, if of cash outflows, if of cash outflows, if
Indication of uncertainties of amount or
any, in respect of the any, in respect of the any, in respect of the any, in respect of the
timing of outflows contingent liabilities above pending above pending above pending above pending
resolution of the resolution of the resolution of the resolution of the
respective respective respective respective
proceedings. proceedings. proceedings. proceedings.

347
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of other provisions, contingent liabilities and contingent assets
[TextBlock]
Disclosure of other provisions [TextBlock]
Disclosure of contingent liabilities [TextBlock]
Whether there are any contingent liabilities Yes Yes

[700200] Notes - Corporate social responsibility

Disclosure of net profits for last three financial years [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Financial year 1 Financial year 2 Financial year 3
Net profits for last three financial years [Axis]
[Member] [Member] [Member]
01/04/2019 01/04/2019 01/04/2019
to to to
31/03/2020 31/03/2020 31/03/2020
Disclosure of corporate social responsibility explanatory [TextBlock]
Disclosure of net profits for last three financial years [Abstract]
Disclosure of net profits for last three financial years [LineItems]
Description of financial year FY 2018-2019 FY 2017-2018 2016-2017
Profit before tax of financial year 2,763 3,020 2,917
Net profit computed u/s 198 and adjusted as per rule 2(1)(f)
2,763.833357 3,020.400732 2,877.775711
of Companies (CSR Policy) Rules, 2014

Classification of CSR spending [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification of CSR spending [Axis] Column 1
01/04/2019
to
31/03/2020
Disclosure of corporate social responsibility explanatory [TextBlock]
Disclosure of CSR spending [Abstract]
Details of CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [Line items]
CSR project or activity identified Promoting Education
Sector in which project is covered Education
Whether projects or programs undertaken in local area or other Yes
Name of state or union territory where projects or programs was undertaken Tamil Nadu
Name of district where projects or programs was undertaken Kanchipuram District
Budget amount outlay project or program wise 0.46
Amount spent on projects or programs [Abstract]
Direct expenditure on projects or programs 0
Overheads on projects or programs 0
Total amount spent on projects or programs 0
Cumulative expenditure upto reporting period 0
Expenditure on administrative overheads 0
B y
Trusts/Societies/Section
Mode of amount spent 8 company set up by
company itself

348
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2019
to
31/03/2020
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
Yes
company
Whether company has written CSR policy Yes
Textual information
Details CSR policy [TextBlock] (110) [See below]
Average net profit for last three financial years 2,887.3366
Prescribed CSR expenditure 57.746732
Amount CSR to be spent for financial year 57.746732
Amount CSR spent for financial year 0
Amount spent in local area 0
Amount unspent CSR 57.746732
Details of implementing agency Direct
Disclosure responsibility statement of CSR committee that
Textual information
implementation and monitoring of CSR policy is in compliance (111) [See below]
with CSR policy of company

Textual information (110)

Details CSR policy [Text Block]

A brief outline of the company's CSR policy, including overview of projects or programs proposed to be undertaken:

Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation (including contribution to the
Swachh Bharat Kosh set-up by the Central Government for the promotion of sanitation) and making available safe drinking water. Promoting
education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently
abled and livelihood enhancement projects. Promoting gender equality, empowering women, setting up homes and hostels for women and
orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by
socially and economically backward groups. Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal
welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water [including contribution to the Clean Ganga
Fund set-up by the Central Government for rejuvenation of river Ganga] Protection of national heritage, art and culture including restoration of
buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional art and
handicrafts; Measures for the benefit of armed forces veterans, war widows and their dependents; Training to promote rural sports, nationally
recognized sports, Paralympic sports and Olympic sports Contribution to the prime minister's national relief fund or any other fund set up by the
central govt. for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women;
Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government.
Rural development projects. Slum area development. Disaster management, including relief, rehabilitation and reconstruction activities.

Textual information (111)

Disclosure responsibility statement of CSR committee that implementation and monitoring of CSR policy is in
compliance with CSR policy of company
CORPORATE SOCIAL RESPONSIBILITY (CSR) COMMITTEE MEETINGS: The Corporate social responsibility committee met Four times
during the financial year 2019-20 on 22nd May 2019, 29th August 2019, 11th December 2019 and 20th March 2020 Attendance of Committee
Members Name of the Director Designation Number of CSR Committee Meetings Attended Mr. Klaus Thomas Cawen Director 1 Mr.Amit
Gossain Managing Director 4 Mr. CVS Krishnakumar Wholetime Director 3

349
KONE ELEVATOR INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[610500] Notes - Events after reporting period

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of events after reporting period [TextBlock]
Disclosure of non-adjusting events after reporting period [TextBlock]
Whether there are non adjusting events after reporting period No No

[612500] Notes - Share-based payment arrangements

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of share-based payment arrangements [TextBlock]
Whether there are any share based payment arrangement No No

[613000] Notes - Earnings per share

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of earnings per share [TextBlock]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations
Basic earnings (loss) per share from discontinued operations
Total basic earnings (loss) per share
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations
Diluted earnings (loss) per share from discontinued operations
Total diluted earnings (loss) per share
Profit (loss), attributable to ordinary equity holders of parent entity
[Abstract]
Profit (loss), attributable to ordinary equity holders of parent entity 0 0
Profit (loss), attributable to ordinary equity holders of parent
0 0
entity including dilutive effects
Weighted average shares and adjusted weighted average shares [Abstract]
Weighted average number of ordinary shares outstanding [shares] 0 [shares] 0

[610900] Notes - First time adoption

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of first-time adoption [TextBlock]
Whether company has adopted Ind AS first time No No

350