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Casio India Co. PVT LTD AR 202403

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Casio India Co. PVT LTD AR 202403

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astha.c.chhabra

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CASIO INDIA CO.

PRIVATE LIMITED
Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[700300] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022 01/04/2021
to to to
31/03/2024 31/03/2023 31/03/2022
CASIO INDIA CO. PRIVATE
Name of company LIMITED
Corporate identity number U74899DL1996PTC075725
Permanent account number of entity AAACC3448H
A-41, First Floor, Mohan
Cooperative , Industrial
Address of registered office of company Estate,Mathura road,New
Delhi , Delhi , DELHI ,
INDIA - 110044
Commercial and
Type of industry Industrial
Registration date 24/01/1996
Comp a n y l imi t e d b y S h a
Category/sub-category of company r e s / No n - g o v t company
Whether company is listed company No
Date of board meeting when final accounts were approved 26/09/2024
Date of start of reporting period 01/04/2023 01/04/2022 01/04/2021
Date of end of reporting period 31/03/2024 31/03/2023 31/03/2022
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Lakhs
Type of cash flow statement Indirect Method

Disclosure web link of company at which annual report is placed https://www.casio-intl.com/in/en/

Whether company is maintaining books of account and other relevant
No
books and papers in electronic form
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

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

Unless otherwise specified, all monetary values are in Lakhs of INR
Types of principal product or services [Axis] 1 2
01/04/2023 01/04/2023
to to
31/03/2024 31/03/2024
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 9102 9985
WRIST-WATCHES,
POCKET-WATCHES
AND OTHER
WATCHES,
SUPPORT
Description of product or service category INCLUDING STOP
SERVICES
WATCHES, OTHER
THAN THOSE OF
HEADING 9101
WRIST-WATCHES,
Turnover of product or service category 76,741.6 658.36
Highest turnover contributing product or service (ITC 8 digit) code 91022900 99859990
Electronics
calculators, Electronic
cash registers,
Electronic
Service Income, Call
dictionaries,
Description of product or service Electronic musical
Centre Income,
Service Support fees
instruments, Label
Printers, Projectors,
Watches and clocks,
Spares
Turnover of highest contributing product or service 76,741.6 658.36

[700600] Disclosures - Directors report

Details of principal business activities contributing 10% or more of total turnover of company [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Product/service 1
Principal business activities of company [Axis]
[Member]
01/04/2023
to
31/03/2024
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]
Name of main product/service Watches and clocks
Watches, clocks,
Description of main product/service calculators and
others
NIC code of product/service 4649
Percentage to total turnover of company 58.30%

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

Unless otherwise specified, all monetary values are in Lakhs of INR
Directors signing board report [Axis] 1 2
01/04/2023 01/04/2023
to to
31/03/2024 31/03/2024
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 HIDEKI AKIRA
Last name of director IMAI WATANABE
Designation of director Director Additional Director
Director identification number of director 09639424 08624601
Date of signing board report 26/09/2024 26/09/2024

2
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

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

01/04/2023
to
31/03/2024
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Textual information (2)
Description of state of companies affair [See below]
The Board of Directors
transferred the profit
Disclosure relating to amounts if any which is proposed to carry to any of the Financial Year
reserves under review, amounting
to Rs. 579,080,000 to
Reserves
The Company has not
declared any dividend
Disclosures relating to amount recommended to be paid as dividend during the financial year
under review
Textual information (3)
Details regarding energy conservation [See below]
Textual information (4)
Details regarding technology absorption [See below]
FOREIGN EXCHANGE
EARNINGS AND
OUTGO: Total Foreign
Exchange outgo: Not
Details regarding foreign exchange earnings and outgo Applicable Total
Foreign exchange
earnings: Not
Applicable
Textual information (5)
Disclosures in director’s responsibility statement [See below]
No material changes have
Details of material changes and commitment occurred during period taken place during the
affecting financial position of company financial year under
review

T h e r e
were no loans, guarantees
Particulars of loans guarantee investment under section 186 [TextBlock] or investments made by the
Company under Section 186
of the Companies Act, 2013
during the Financial Year
under review
Particulars of contracts/arrangements with related parties under section Textual information (6)
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 material contracts/arrangements/transactions at arm's
length basis [Abstract]
Whether there are material contracts/arrangements/transactions at
No
arm's length basis
Disclosure of extract of annual return as provided under section 92(3) Textual information (7)
[TextBlock] [See below]
Details of principal business activities contributing 10% or more
of total turnover of company [Abstract]
Particulars of holding, subsidiary and associate companies [Abstract]
CASIO INDIA CO. PRIVATE
Name of company LIMITED
Details of shareholding pattern of top 10 shareholders [Abstract]

A f t e r
cessation of office of Mr.
Disclosure of statement on declaration given by independent directors
Akira Watanabe dated
under section 149(6) [TextBlock] 27.09.2023, he was
re-appointed as
Additional Director in
the Board Meeting held on
16.07.2024.
Disclosure for companies covered under section 178(1) on
Textual information (8)
directors appointment and remuneration including other matters [See below]
provided under section 178(3) [TextBlock]

3
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of statement on development and implementation of risk Textual information (9)

management policy [TextBlock] [See below]
Details on policy development and implementation by company on
Textual information (10)
corporate social responsibility initiatives taken during year [See below]
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Textual information (11)
Disclosure of financial summary or highlights [TextBlock] [See below]

T h e r e
Disclosure of change in nature of business [TextBlock] is no change in nature of
Business of the Company
during the Financial Year
under review
Details of directors or key managerial personnels who were Textual information (12)
appointed or have resigned during year [TextBlock] [See below]

Disclosure of companies which have become or ceased to be its T h e

subsidiaries, joint ventures or associate companies during Company does not have any
year [TextBlock] subsidiary, joint
venture or associate
company.

T h e
Company has not accepted
Details relating to deposits covered under chapter v of companies act any fixed deposits from
[TextBlock]
p u b l i c .

T h e
Company has not accepted
Details of deposits which are not in compliance with requirements any fixed deposits from
of chapter v of act [TextBlock]
p u b l i c .

Details of significant and material orders passed by T h e

regulators or courts or tribunals impacting going concern Company does not have any
status and company’s operations in future [TextBlock] subsidiary, joint
venture or associate
company.
Details regarding adequacy of internal financial controls with Textual information (13)
reference to financial statements [TextBlock] [See below]
Disclosure of contents of corporate social responsibility policy Textual information (14)
[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 (15)
on CSR [See below]
Disclosure of appointment and remuneration of director or Textual information (16)
managerial personnel if any, in the financial year [TextBlock] [See below]
Details of remuneration of director or managerial personnel [Abstract]

T h e
provisions of Section 177
Disclosure of composition of audit committee and non-acceptance of the Companies Act, 2013
of any recommendation of audit committee along with reasons read with Rule 6 and 7 of the
[TextBlock] Companies (Meetings of
the Board and its Powers)
Rules, 2013 are not
applicable to the
Company.

4
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

T h e
provisions of Section 177
of the Companies Act, 2013
Disclosure of details of establishment of vigil mechanism [TextBlock] read with Rule 6 and 7 of the
Companies (Meetings of
the Board and its Powers)
Rules, 2013 are not
applicable to the
Company.
Number of meetings of board [pure] 8
Details of signatories of board report [Abstract]
Name of director signing board report [Abstract]

5
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

DIRECTORS REPORT

To,

The Shareholders

CASIO INDIA CO., PRIVATE LIMITED

The Members,

Your directors have pleasure presenting you the Annual Accounts of the Company along with Report of the Auditors and Directors thereon for
the financial year ended March 31st, 2024.

Financial Results:

Business operations made during the year

(Amount in INR) (Amount in INR)

PARTICULARS CURRENT YEAR PREVIOUS YEAR

Gross Income 7,875,501,000 6,835,389,000

Less: Operating Expenses 7,010,500,000 5,576,010,000

Profit/Loss before Depreciation and Taxes 865,001,000 1,259,379,000

Less: Depreciation and Amortization 84,732,000 67,983,000

Profit/Loss before Taxes 780,269,000 1,191,396,000

Less: Provisions of Taxes 201,507,000 313,981,000

Net Profit/(Loss) 578,762,000 877,415,000

Other Comprehensive Income 318,000 5,761,000

Total Comprehensive Income 579,080,000 883,176,000

6
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

State of Company Affairs

Casio India Co., Private Limited (“Casio India” or “The Company”), a 100% subsidiary of Casio Computer Co., Ltd, Japan is responsible for
marketing CASIO products in India manufactured by its parent company. Casio India is currently involved in distribution and marketing of
Handheld Calculators, Desktop Calculators, Scientific Calculators, Printing Calculators, Label Printers, Wrist Watches, Digital Clocks and EMI
(Electronic Musical Instruments).

Dividend

The Company has not declared any dividend during the financial year under review.

Reserves

The Board of Directors transferred the profit of the Financial Year under review, amounting to Rs. 579,080,000 to Reserves.

Operation

During the Financial Year under review, the Company has earned a profit of Rs. 579,080,000.

Change in nature of the Business, if any

There is no change in nature of Business of the Company during the Financial Year under review.

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.

No material changes have taken place during the financial year under review.

Details of significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and Company’s
operating the future.

The Company has not received any such order that affects the going concern status of the Company.

Details of Subsidiary/Joint Ventures/Associate Companies:

The Company does not have any subsidiary, joint venture or associate company.

Performance and financial position of each of the subsidiaries, associates and joint ventures, companies included in the consolidated financial
statement: N.A.

Deposits

The Company has not accepted any fixed deposits from public.

Statutory Auditors

7
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

M/s BSR & Co. LLP ( Firm Registration Number 101248W/W-100022), remain statutory auditor as per Board Meeting dated 29.09.2022 being
re-appointed for a period of 5 years upon Board recommendation.

Auditor’s Report

The Accounts and Auditors Report are self-explanatory and do not require any further explanation.

Details in respect of frauds reported by the Auditors other than those which are reportable to the Central Government:

The Statutory Auditor of the Company have not reported any frauds to the Board of Directors under Section 142(12) of the Companies Act, 2013,
including the rules made there under.

Share Capital [ As per Companies (Share Capital and Debentures) Rules, 2014]:

• Issue of equity shares with differential rights

The Company has not issued equity shares with differential voting rights during the financial year under review.

• Issue of sweat equity shares

The Company has not issued Sweat equity shares during the year under review.

• Issue of employee stock options

The Company has not issued Employee stock option during the year under review.

• Provision of money by the Company for purchase of its own shares by employees or trustees for the benefit of employees

The Company has not carried out any such operations as stated above during the financial year under review.

Annual return

Pursuant to notification issued by the Ministry of Corporate Affairs on 28th August, 2020 amending section 92(3) of the Companies Act, 2013
and the rules framed there under, the mandatory requirement for attaching extract of annual return with the Board’s report has been omitted,
hence the company is not attaching the extract of annual return with this report.

Further, the Annual Return of the Company as on March 31, 2023 is available on the Company’s website and can be accessed at the link
https://www.casio-intl.com/in/en/.

The details of conservation of energy, technology absorption, foreign exchange earnings and outgo are as follows:

• CONSERVATION OF ENERGY:

• Steps taken or impact in the conservation of energy

Abundant care and attention have been taken to maximize the conservation.

• Steps taken by the Company for utilizing sources of energy

8
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

The operations of the Company are not energy intensive. Therefore, no alternate sources of energy have been utilized.

• Capital investment on energy conservation equipment

No specific investment has been made for reduction in energy consumption.

• TECHNOLOGY ABSORPTION:

Not applicable in view of the nature of activities carried on by the Company.

• The efforts made towards technology absorption

• The benefits derived like product improvement, cost reduction, product development or import substitution
• In case of imported technology (imported during the last three years reckoned from the beginning of the financial year)-
• The details of technology imported;
• The year of import;
• Whether the technology has been fully absorbed;
• If not fully absorbed, areas where absorption has not taken place, and the reasons thereof
• The expenditure incurred on Research and Development

• FOREIGN EXCHANGE EARNINGS AND OUTGO:

Total Foreign Exchange outgo: Not Applicable

Total Foreign exchange earnings: Not Applicable

• Corporate Social Responsibility (CSR)

The ongoing Corporate Social Responsibility Policy of the Company for the Financial Year 2023-2024 has been uploaded on the Company’s
official website. Lists of programs that Company has undertaken in view of its CSR Policy are attached herewith as “ANNEXURE – A”

Directors:

• Changes in the Directors and Key Managerial Personnel

• Mr. Akiteru Yamamoto was appointed as Additional Director in the Board Meeting held on 24.04.2023 w.e.f. 04.05.2023 (as per DIN Issuance)
and was subsequently regularized as Director in the Annual General Meeting held on 27.09.2023.
• Mr. Umesh Kumar Gupta was removed as Company Secretary in the Board Meeting held on 16.06.2023.
• Mrs. Swati Rawat was appointed as Company Secretary in the Board Meeting held on 18.10.2023
• Mr. Akira Watanabe’s appointment as Additional Director was not regularized in the Annual General Meeting held on 27.09.2023 and hence his
designation as Additional Director was vacated.
• Mr. Ono Tetsuro was appointed as an Additional Director in the Board Meeting held on 13.02.2024 w.e.f. 26.03.2024 (as per DIN Issuance)
• Mr. Tomoo Kato resigned from his position as Director w.e.f. 20.02.2024.
• Mr. Akiteru Yamamoto resigned from his position as Director w.e.f. 26.04.2024.
• Mrs. Swati Rawat resigned from her post of Company Secretary w.e.f. 03.05.2024.
• Mr. Akira Watanabe was re-appointed as Additional Director in the Board Meeting held on 16.07.2024.
• Mr. Sidharth Sehgal was appointed as Company Secretary in the Board Meeting held on 16.07.2024.

• Declaration by an Independent Director(s) and reappointment, if any:

After cessation of office of Mr. Akira Watanabe dated 27.09.2023, he was re-appointed as Additional Director in the Board Meeting held on
16.07.2024.

9
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

• Formal Annual Evaluation:

Not Applicable to the Company.

Number of meetings of the Board of Directors

During the year under review 8 (eight) Board Meetings were conducted on 04.04.2023, 24.04.2023, 16.06.2023, 01.08.2023, 25.09.2023,
18.10.2023, 13.02.2024 & 18.03.2024. The Company held the required number of Board Meetings in the year as prescribed under the Act and the
intervals between the subsequent meetings were in accordance with the provisions contained in the Act.

Details of Directors and their attendance at the Board during the financial year ended March 31, 2024are given below:

Name of Director No. of Board Meetings held No. of Board Meetings attended

Mr. Hideki Imai 8 7

Mr. Akiteru Yamamoto 8 6

Mr. Tomoo Kato 8 2

Mr. Akira Watanabe 8 4

Mr. Ono Tetsuro 8 0

Particulars of loans, guarantees or investments under Section 186

There were no loans, guarantees or investments made by the Company under Section 186 of the Companies Act, 2013 during the Financial Year
under review.

Particulars of contracts or arrangements with related parties:

There were certain transactions made by the Company with the Holding/Fellow Subsidiary Companies during the Financial Year under review.
These transactions are recorded in the Notes to Accounts of the Company as per Accounting Standard-18. Pursuant to MCA notification dated
05th June, 2015, these transactions are not covered under the purview of related party transactions.

However, these all transactions were entered by the Company in ordinary course of business and were at arm’s length basis.

Company’s Policy Related to Directors Appointment, Payment of Remuneration and Discharge of their Duties:

10
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

The provisions of Section 178(1) relating to constitution of Nomination and Remuneration Committee are not applicable to the Company and
hence the Company has not devised any policy relating to appointment of Directors, payment of Managerial remuneration, Director’s
qualifications, positive attributes, independence of Directors and other related matters as provided under Section 178(3) of the Companies Act,
2013.

Risk Management Policy

During the financial year under review, the Company had a robust Business Risk Management framework in place. The framework defines the
risk management approach of the Company and includes periodic review of such risks and also documentation, mitigation controls and reporting
mechanism of such risks. Some of the risks which the company is exposed to are as follows:-

Financial Risk

Human Resource Risk

Strategic Risk

Directors’ Responsibility Statement

In pursuance of Section 134(5) of the Companies Act, 2013, the Directors hereby confirm that:
• In the preparation of the annual accounts for the year March 31st, 2024, the applicable accounting standards read with requirements set out
under Schedule III to the Act, have been followed and there are no material departures from the same;
• The Directors had selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of the Company as at March 31,2024 and of the profit and loss of the company for
the year ended on that date;
• The Directors have 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;
• The Directors had prepared the annual accounts on a going concern basis;
• The Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate
and are operating effectively; and
• The Directors had devised proper systems to ensure compliance with the provisions of all the applicable laws and that systems were adequate
and operating effectively.

Internal Financial Control

The Company has established the Internal Control Procedure/IFCRC commensurate with the size and the nature of the operations, to ensure
maintenance of proper accounting records, reliability of financial information and management reporting system and assumes safeguarding of
assets against unauthorized use or disruption so as to ensure all materials risk are timely evaluated.

Disclosure of Composition of Audit Committee and Providing Vigil Mechanism

The provisions of Section 177 of the Companies Act, 2013 read with Rule 6 and 7 of the Companies (Meetings of the Board and its Powers)
Rules, 2013 are not applicable to the Company.

Maintenance of Cost Records

The Company is not required to maintain cost records pursuant to the Rules made by the Central Government for maintenance of Cost records
under sub-section (1) of section 148 of the Act.

11
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Sexual Harassment

The Company is committed to uphold and maintain the dignity of women staff and has pursuant to the applicable law, reconstituted the ICC
Committee for protection of women against sexual harassment at work place and for prevention and redressal of such complaints. The Company
has not received and complaint/s in this regard from any female staff during the Financial Year under review.

Proceeding under Insolvency and Bankruptcy Code and One time settlement

During the year under review no proceedings have been initiated against the Company under Insolvency and Bankruptcy Code, 2016 and no
proceedings under the Insolvency and Bankruptcy Code, 2016 were pending at the end of the year. Further during the year under review the
Company has not made any one time settlement.

Acknowledgements

The Board wishes to thank the bankers and its valued business associates for the continuous support and Co-operation extended by them and also
record its appreciation of the valuable contribution made by the employees at all levels towards the growth of the Company.

For and on behalf of the Board of Directors

CASIO INDIA CO., PRIVATE LIMITED

HIDEKI IMAI AKIRA WATANABE

(Managing Director) (Additional Director)

DIN:09639424 DIN: 08624601

Place: New Delhi

Date: 26.09.2024

12
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

ANNEXURE – A

Annual Report on CSR Activities and Initiatives for Financial Year Commencing on or after 1st Day of April, 2023

1. Brief outline on CSR Policy of the Company.

Casio India Co., Private Limited has always been at the forefront of voluntary CSR. The provisions of the Companies Act, 2013 have made it
imperative to conduct CSR Activities. The objective of the Company’s CSR Policy is to lay down the guiding principles for proper functioning of
CSR Activities to attain sustainable development of the society around area of operations of the company and to undertake the projects/programs
which will enhance the quality of life and economic well-being of the communities in and around our facilities across country and society at large.

The Company undertook various activities during the financial year in review in line with its CSR policy and as prescribed in the Schedule VII to
the Companies Act, 2013. The CSR activities of the Company relate to CSR in skill development such as music education, CSR in eradicating
hunger, Poverty and malnutrition, CSR in contribution to Prime Minister Relief Fund and CSR in ensuring environmental sustainability.

2. Composition of CSR Committee:

13
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

During the Financial Year under review, the Corporate Social Responsibility Committee of the Board comprised of following members :

Sl. Name of Designation / Nature of Number of meetings of CSR Committee Number of meetings of CSR Committee
No. Director Directorship held during the year attended during the year

Chairman (Managing
1 Mr. Hideki Imai 1 1
Director)

Mr. Akiteru
2 Director 1 1
Yamamoto

3. Provide the web-link where Composition of CSR committee, CSR Policy and CSR projects approved by the board are disclosed on the website
of the company. https://www.casio-intl.com/in/en/.

4. Provide the details of Impact assessment of CSR projects carried out in pursuance of sub-rule (3) of rule 8 of the Companies (Corporate Social
responsibility Policy) Rules, 2014, if applicable

5. Details of the amount available for set off in pursuance of sub-rule (3) of rule 7 of the Companies (Corporate Social responsibility Policy)
Rules, 2014 and amount required for set off for the financial year, if any

Sl. Financial Amount available for set-off from preceding financial years Amount required to be set-off for the financial year, if any
No. Year (in Rs) (in Rs)

Total

6. Average net profit of the company as per section 135(5).

Rs. 725,411,123

14
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

7. (a) Two percent of average net profit of the company as per section 135(5)

Rs. 14,508,222

(b) Surplus arising out of the CSR projects or programmes or activities of the previous financial years.

NIL

(d) Total CSR obligation for the financial year (7a+7b-7c).

15
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Rs. 14,508,222

8. (a) CSR amount spent or unspent for the financial year:

Amount
Total Amount Spent for the Unspent (in
Financial Year. (in Rs.) Rs.)

Total Amount transferred to Amount transferred to any fund specified under

Unspent CSR Account as per Schedule VII as per second proviso to section
section 135(6). 135(5).

Date of
2023-24 Amount. Date of transfer. Name of the Fund Amount.
transfer.

Prime Minister’s
196,154 83,74,722 25/04/2022 National Relief 59,37,346 18/09/2024
Fund

(b) Details of CSR amount spent against ongoing projects for the financial year:

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)

Amount
transferred
Item to
Amount
from the Unspent
Amount spent in Mode of
list of CSR Mode of
Location allocated the Implementation -
Sl. Name of activities Local area Project Account Implementation
of the for the current Through
No. the Project. in (Yes/No). duration. for the - Direct
project. project financial Implementing
Schedule project as (Yes/No).
(in Rs.). Year (in Agency
VII to per
Rs.).
the Act. Section
135(6) (in
Rs.).

CSR
State. District. Name Registration
number.

Sports for
SPORTZVILLAGE
1. Change (vii) YES UP./Noida 1 year 85,000 83,74,722 No CSR00001045
FOUNDATION
Programme

Total

16
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

(1) (2) (3) (4) (5) (6) (7) (8)

Mode of
Item from the list of Location Amount spent Mode of
Sl. Name of the Local area implementation -
activities in schedule of the for the project implementation -
No. Project (Yes/ No). Through implementing
VII to the Act. project. (in Rs.). Direct (Yes/No).
agency.

CSR
State. District. Name. registration
number.

Medicine for
1. (i) Yes Delhi/NCR 55,583 No CANSUPPORT CSR00000673
Cancer Patient

Medicine and
2. Grocery for Old (i) Yes Delhi/NCR 55,571 No SHEOWS CSR00000665
Age Home

Total 111,154

(d) Amount spent in Administrative Overheads

(e) Amount spent on Impact Assessment, if applicable

(f) Total amount spent for the Financial Year (8b+8c+8d+8e) Rs. 1,96,154

(g) Excess amount for set off, if any

Sl. No. Particular Amount (in Rs.)

(i) Two percent of average net profit of the company as per section 135(5) 14,508,222

(ii) Total amount spent for the Financial Year 1,96,154

(iii) Excess amount spent for the financial year [(ii)-(i)] NA

(iv) Surplus arising out of the CSR projects or programmes or activities of the previous financial years, if any NA

(v) Amount available for set off in succeeding financial years [(iii)-(iv)] NA

17
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

9. (a) Details of Unspent CSR amount for the preceding three financial years:

Preceding Amount transferred to Unspent Amount spent in the Amount transferred to any fund Amount remaining to be
Sl. No. Financial CSR Account under section reporting Financial specified under Schedule VII as per spent in succeeding
Year. 135 (6) (in Rs.) Year (in Rs.). section 135(6), if any. financial years. (in Rs.)

Name
Amount
of the Date of transfer.
(in Rs).
Fund

1. 2022-23 NIL - - - - NIL

2. 2021-22 NIL 1,096,627 - - - NIL

2020-21 NIL 1,59,608 - - - NIL

Total 12,56,235

(b) Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s):

(1) (2) (3) (4) (5) (6) (7) (8) (9)

Status of the
Name Financial Year in Total amount Amount spent on the Cumulative amount spent at
Sl. Project Project project -
of the which the project allocated for the project in the reporting the end of reporting
No. ID. duration. Completed
Project. was commenced. project (in Rs.). Financial Year (in Rs). Financial Year. (in Rs.)
/Ongoing.

Total

10. In case of creation or acquisition of capital asset, furnish the details relating to the asset so created or acquired through CSR spent in the
financial year

(asset-wise details).

(a) Date of creation or acquisition of the capital asset(s).

(b) Amount of CSR spent for creation or acquisition of capital asset.

18
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

(c) Details of the entity or public authority or beneficiary under whose name such capital asset is registered, their address etc.

(d) Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset).

11. Specify the reason(s), if the company has failed to spend two per cent of the average net profit as per section 135(5).

There was a shortfall in due payment of CSR spent for the Financial Year as an amount of INR 83,74,722 was transferred to Unspent CSR
Account as per section 135(6) in pursuance of a CSR Agreement for an Ongoing Project to be completed with our CSR Partner, i.e., Sportzvillage
Foundation.

BY ORDER OF THE BOARD OF DIRECTORS

FOR CASIO INDIA CO., PRIVATE LIMITED

HIDEKI IMAI AKIRA WATANABE

(Managing Director) (Additional Director)

DIN:09639424 DIN: 08624601

Place : New Delhi

Date: 26.09.2024

Textual information (2)

Description of state of companies affair

Textual information (3)

Details regarding energy conservation

CONSERVATION OF ENERGY: Steps taken or impact in the conservation of energy Abundant care and attention have been taken to maximize
the conservation. Steps taken by the Company for utilizing sources of energy The operations of the Company are not energy intensive. Therefore,
no alternate sources of energy have been utilized. Capital investment on energy conservation equipment No specific investment has been made
for reduction in energy consumption.

19
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (4)

Details regarding technology absorption

TECHNOLOGY ABSORPTION: Not applicable in view of the nature of activities carried on by the Company. The efforts made towards
technology absorption The benefits derived like product improvement, cost reduction, product development or import substitution In case of
imported technology (imported during the last three years reckoned from the beginning of the financial year)- The details of technology imported;
The year of import; Whether the technology has been fully absorbed; If not fully absorbed, areas where absorption has not taken place, and the
reasons thereof The expenditure incurred on Research and Development

Textual information (5)

Disclosures in director’s responsibility statement

Directors’ Responsibility Statement In pursuance of Section 134(5) of the Companies Act, 2013, the Directors hereby confirm that: In the
preparation of the annual accounts for the year March 31st, 2024, the applicable accounting standards read with requirements set out under
Schedule III to the Act, have been followed and there are no material departures from the same; The Directors had selected such accounting
policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the
state of affairs of the Company as at March 31,2024 and of the profit and loss of the company for the year ended on that date; The Directors have
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; The Directors had prepared the annual accounts on a
going concern basis; The Directors have laid down internal financial controls to be followed by the Company and that such internal financial
controls are adequate and are operating effectively; and The Directors had devised proper systems to ensure compliance with the provisions of all
the applicable laws and that systems were adequate and operating effectively.

Textual information (6)

Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]

However, these all transactions were entered by the Company in ordinary course of business and were at arm’s length basis.

Textual information (7)

Disclosure of extract of annual return as provided under section 92(3) [Text Block]

Textual information (8)

Disclosure for companies covered under section 178(1) on directors appointment and remuneration including other
matters provided under section 178(3) [Text Block]

20
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (9)

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

Financial Risk

Human Resource Risk

Strategic Risk

21
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (10)

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

ANNEXURE – A

Annual Report on CSR Activities and Initiatives for Financial Year Commencing on or after 1st Day of April, 2023

1. Brief outline on CSR Policy of the Company.

2. Composition of CSR Committee:

During the Financial Year under review, the Corporate Social Responsibility Committee of the Board comprised of following members :

Sl. Name of Designation / Nature of Number of meetings of CSR Committee Number of meetings of CSR Committee
No. Director Directorship held during the year attended during the year

Chairman (Managing
1 Mr. Hideki Imai 1 1
Director)

Mr. Akiteru
2 Director 1 1
Yamamoto

22
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

4. Provide the details of Impact assessment of CSR projects carried out in pursuance of sub-rule (3) of rule 8 of the Companies (Corporate Social
responsibility Policy) Rules, 2014, if applicable

23
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Sl. Financial Amount available for set-off from preceding financial years Amount required to be set-off for the financial year, if any
No. Year (in Rs) (in Rs)

Total

6. Average net profit of the company as per section 135(5).

Rs. 725,411,123

7. (a) Two percent of average net profit of the company as per section 135(5)

Rs. 14,508,222

(b) Surplus arising out of the CSR projects or programmes or activities of the previous financial years.

NIL

(d) Total CSR obligation for the financial year (7a+7b-7c).

Rs. 14,508,222

8. (a) CSR amount spent or unspent for the financial year:

Amount
Total Amount Spent for the Unspent (in
Financial Year. (in Rs.) Rs.)

Total Amount transferred to Amount transferred to any fund specified under

Unspent CSR Account as per Schedule VII as per second proviso to section
section 135(6). 135(5).

Date of
2023-24 Amount. Date of transfer. Name of the Fund Amount.
transfer.

Prime Minister’s
196,154 83,74,722 25/04/2022 National Relief 59,37,346 18/09/2024
Fund

24
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

(b) Details of CSR amount spent against ongoing projects for the financial year:

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)

CSR
State. District. Name Registration
number.

Sports for
SPORTZVILLAGE
1. Change (vii) YES UP./Noida 1 year 85,000 83,74,722 No CSR00001045
FOUNDATION
Programme

Total

(1) (2) (3) (4) (5) (6) (7) (8)

CSR
State. District. Name. registration
number.

Medicine for
1. (i) Yes Delhi/NCR 55,583 No CANSUPPORT CSR00000673
Cancer Patient

25
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Medicine and
2. Grocery for Old (i) Yes Delhi/NCR 55,571 No SHEOWS CSR00000665
Age Home

Total 111,154

(d) Amount spent in Administrative Overheads

(e) Amount spent on Impact Assessment, if applicable

(f) Total amount spent for the Financial Year (8b+8c+8d+8e) Rs. 1,96,154

(g) Excess amount for set off, if any

Sl. No. Particular Amount (in Rs.)

(i) Two percent of average net profit of the company as per section 135(5) 14,508,222

(ii) Total amount spent for the Financial Year 1,96,154

(iii) Excess amount spent for the financial year [(ii)-(i)] NA

(iv) Surplus arising out of the CSR projects or programmes or activities of the previous financial years, if any NA

(v) Amount available for set off in succeeding financial years [(iii)-(iv)] NA

9. (a) Details of Unspent CSR amount for the preceding three financial years:

Name
Amount
of the Date of transfer.
(in Rs).
Fund

1. 2022-23 NIL - - - - NIL

2. 2021-22 NIL 1,096,627 - - - NIL

2020-21 NIL 1,59,608 - - - NIL

Total 12,56,235

26
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

(b) Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s):

(1) (2) (3) (4) (5) (6) (7) (8) (9)

Total

10. In case of creation or acquisition of capital asset, furnish the details relating to the asset so created or acquired through CSR spent in the
financial year

(asset-wise details).

(a) Date of creation or acquisition of the capital asset(s).

(b) Amount of CSR spent for creation or acquisition of capital asset.

(c) Details of the entity or public authority or beneficiary under whose name such capital asset is registered, their address etc.

(d) Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset).

11. Specify the reason(s), if the company has failed to spend two per cent of the average net profit as per section 135(5).

BY ORDER OF THE BOARD OF DIRECTORS

FOR CASIO INDIA CO., PRIVATE LIMITED

HIDEKI IMAI AKIRA WATANABE

27
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

(Managing Director) (Additional Director)

DIN:09639424 DIN: 08624601

Place : New Delhi

Date: 26.09.2024

Textual information (11)

Disclosure of financial summary or highlights [Text Block]

Business operations made during the year

(Amount in INR) (Amount in INR)

PARTICULARS CURRENT YEAR PREVIOUS YEAR

Gross Income 7,875,501,000 6,835,389,000

Less: Operating Expenses 7,010,500,000 5,576,010,000

Profit/Loss before Depreciation and Taxes 865,001,000 1,259,379,000

Less: Depreciation and Amortization 84,732,000 67,983,000

Profit/Loss before Taxes 780,269,000 1,191,396,000

Less: Provisions of Taxes 201,507,000 313,981,000

Net Profit/(Loss) 578,762,000 877,415,000

Other Comprehensive Income 318,000 5,761,000

Total Comprehensive Income 579,080,000 883,176,000

28
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (12)

Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]

During the Year under review following changes took place in the Directorship and Key Managerial Personnel of the company, including the
changes that took place after the closure of the Financial Year but before the closure of this report :
• Mr. Akiteru Yamamoto was appointed as Additional Director in the Board Meeting held on 24.04.2023 w.e.f. 04.05.2023 (as per DIN Issuance)
and was subsequently regularized as Director in the Annual General Meeting held on 27.09.2023.
• Mr. Umesh Kumar Gupta was removed as Company Secretary in the Board Meeting held on 16.06.2023.
• Mrs. Swati Rawat was appointed as Company Secretary in the Board Meeting held on 18.10.2023
• Mr. Akira Watanabe’s appointment as Additional Director was not regularized in the Annual General Meeting held on 27.09.2023 and hence his
designation as Additional Director was vacated.
• Mr. Ono Tetsuro was appointed as an Additional Director in the Board Meeting held on 13.02.2024 w.e.f. 26.03.2024 (as per DIN Issuance)
• Mr. Tomoo Kato resigned from his position as Director w.e.f. 20.02.2024.
• Mr. Akiteru Yamamoto resigned from his position as Director w.e.f. 26.04.2024.
• Mrs. Swati Rawat resigned from her post of Company Secretary w.e.f. 03.05.2024.
• Mr. Akira Watanabe was re-appointed as Additional Director in the Board Meeting held on 16.07.2024.

Mr. Sidharth Sehgal was appointed as Company Secretary in the Board Meeting held on 16.07.2024.

Textual information (13)

Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]

Textual information (14)

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

Textual information (15)

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

29
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (16)

Disclosure of appointment and remuneration of director or managerial personnel if any, in the financial year [Text
Block]

[700500] Disclosures - Signatories of financial statements

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

Unless otherwise specified, all monetary values are in Lakhs of INR
Directors signing financial statements [Axis] 1 2
01/04/2023 01/04/2023
to to
31/03/2024 31/03/2024
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]
First name of director Hideki Akira
Last name of director Imai Watanabe
Designation of director Managing Director Additional Director
Director identification number of director 09639424 08624601
Date of signing of financial statements by director 26/09/2024 26/09/2024

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

01/04/2023
to
31/03/2024
Name of company secretary Sidharth Shikhar Sehgal
Permanent account number of company secretary GUZPS6892B
Date of signing of financial statements by company secretary 26/09/2024

30
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[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 Lakhs of INR
Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark applicable
[Member] [Member]
01/04/2023 01/04/2023
to to
31/03/2024 31/03/2024
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 (17) [See below]
Textual information
Disclosure in auditors report relating to inventories (18) [See below]
Textual information
Disclosure in auditors report relating to loans (19) [See below]
Disclosure in auditors report relating to compliance with Section 185 and 186 of Textual information
Companies Act, 2013 (20) [See below]
(v) The Company
has not accepted any
deposits or amounts
which are deemed to
Disclosure in auditors report relating to deposits accepted be deposits from the
public. Accordingly,
clause 3(v) of the
Order is not
applicable
Textual information
Disclosure in auditors report relating to maintenance of cost records (21) [See below]
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (22) [See below]
Textual information
Disclosure in auditors report relating to default in repayment of financial dues (23) [See below]
Disclosure in auditors report relating to public offer and term loans used for Textual information
purpose for which those were raised (24) [See below]
Disclosure in auditors report relating to fraud by the company or on the Textual information
company by its officers or its employees reported during period (25) [See below]
Clause not
Disclosure in auditors report relating to managerial remuneration applicable
(xii) According to
the information and
explanations given
to us, the Company
Disclosure in auditors report relating to Nidhi Company is not a Nidhi
Company.
Accordingly, clause
3(xii) of the Order is
not applicable
Textual information
Disclosure in auditors report relating to transactions with related parties (26) [See below]
Disclosure in auditors report relating to preferential allotment or private Textual information
placement of shares or convertible debentures (27) [See below]
Disclosure in auditors report relating to non-cash transactions with directors Textual information
or persons connected with him (28) [See below]
Disclosure in auditors report relating to registration under section 45-IA of Textual information
Reserve Bank of India Act, 1934 (29) [See below]

31
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Details regarding auditors [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Auditors [Axis] 1
01/04/2023
to
31/03/2024
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Name of audit firm B S R & Co. LLP
Name of auditor signing report Prince sharma
Firms registration number of audit firm 101248W/W-100022
Membership number of auditor 521307
BUILDING NO. 10,
12TH FLOOR,
TOWER-C, DLF
Address of auditors CYBER CITY,
PHASE II,
GURUGRAM
Permanent account number of auditor or auditor's firm AAAFB9852F
SRN of form ADT-1 F38982104
Date of signing audit report by auditors 26/09/2024
Date of signing of balance sheet by auditors 26/09/2024

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

01/04/2023
to
31/03/2024
Textual information (30)
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 (17)

Disclosure in auditors report relating to fixed assets

(i) (a) (A) The Company has maintained proper records showing full particulars, including quantitative details and situation of Property, Plant and
Equipment. (B) The Company has maintained proper records showing full particulars of intangible assets. (i) (b) According to the information
and explanations given to us and on the basis of our examination of the records of the Company, the Company has a regular programme of
physical verification of its Property, Plant and Equipment by which all property, plant and equipment, except for property, plant and equipment
lying with third parties, are verified annually. In respect of assets lying with third parties, confirmations are obtained from third parties in a phased
manner over a period of three years. In accordance with this programme, property, plant and equipment lying with the Company were verified
during the current year. In our opinion, this periodicity of physical verification is reasonable having regard to the size of the Company and the
nature of its assets. No material discrepancies were noticed on such verification. (c) The Company does not have any immovable property (other
than immovable properties where the Company is the lessee and the leases agreements are duly executed in favour of the lessee). Accordingly,
clause 3(i)(c) of the Order is not applicable. (d) According to the information and explanations given to us and on the basis of our examination of
the records of the Company, the Company has not revalued its Property, Plant and Equipment (including Right of Use assets) or intangible assets
or both during the year. (e) According to the information and explanations given to us and on the basis of our examination of the records of the
Company, there are no proceedings initiated or pending against the Company for holding any benami property under the Prohibition of Benami
Property Transactions Act, 1988 and rules made thereunder

Textual information (18)

Disclosure in auditors report relating to inventories

The inventory, except goods-in-transit has been physically verified by the management during the year. For goods-in-transit, subsequent evidence
of receipts has been linked with inventory records. In our opinion, the frequency of such verification is reasonable and procedures and coverage as
followed by management were appropriate. No discrepancies were noticed on verification between the physical stocks and the book records that
were more than 10% in the aggregate of each class of inventory.

32
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (19)

Disclosure in auditors report relating to loans

(iii) According to the information and explanations given to us and on the basis of our examination of the records of the Company, the Company
has not made any investments, provided guarantee or security to companies, firms, limited liability partnerships or any other parties during the
year. The Company has not granted any loans or advances in the nature of loans, secured or unsecured, to companies, firms, and limited liability
partnerships during the year. The Company has granted unsecured loans to other parties during the year in respect of which the requisite
information is as below. (a) Based on the audit procedures carried on by us and as per the information and explanations given to us the Company
has provided unsecured loans to parties as below: Annexure A to the Independent Auditor’s Report on the Financial Statements of Casio India
Co., Private Limited for the year ended 31 March 2024 (Continued) Particulars Amount (In lakhs) Aggregate amount during the year Others-
Loans to employees 5.00 Balance outstanding as at balance sheet date Others- Loans to employees 17.39 (b) According to the information and
explanations given to us and based on the audit procedures conducted by us, in our opinion the terms and conditions of the grant of loans during
the year are, prima facie, not prejudicial to the interest of the Company. (c) According to the information and explanations given to us and on the
basis of our examination of the records of the Company, in the case of loans given, in our opinion the repayment of principal and payment of
interest has been stipulated and the repayments or receipts have been regular. Further, the Company has not given any advance in the nature of
loan to any party during the year. (d) According to the information and explanations given to us and on the basis of our examination of the records
of the Company, there is no overdue amount for more than ninety days in respect of loans given. Further, the Company has not given any
advances in the nature of loans to any party during the year. (e) According to the information and explanations given to us and on the basis of our
examination of the records of the Company, there is no loan or advance in the nature of loan granted falling due during the year, which has been
renewed or extended or fresh loans granted to settle the overdues of existing loans given to same parties. (f) According to the information and
explanations given to us and on the basis of our examination of the records of the Company, the Company has not granted any loans or advances
in the nature of loans either repayable on demand or without specifying any terms or period of repayment.

Textual information (20)

Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
(iv) According to the information and explanations given to us and on the basis of our examination of records of the Company, the Company has
neither made any investments nor has it given loans or provided guarantee or security and therefore the relevant provisions of Sections 185 and
186 of the Companies Act, 2013 (“the Act”) are not applicable to the Company. Accordingly, clause 3(iv) of the Order is not applicable

Textual information (21)

Disclosure in auditors report relating to maintenance of cost records

(vi) According to the information and explanations given to us, the Central Government has not prescribed the maintenance of cost records under
Section 148(1) of the Act for the products traded and services provided by it. Accordingly, clause 3(vi) of the Order is not applicable

33
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (22)

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

(vii) (a) The Company does not have liability in respect of Service tax, Duty of excise, Sales tax and Value added tax during the year since
effective 1 July 2017, these statutory dues has been subsumed into GST. According to the information and explanations given to us and on the
basis of our examination of the records of the Company, in our opinion amounts deducted / accrued in the books of account in respect of
undisputed statutory dues including Goods and Service Tax, Provident Fund, Income-Tax, Duty of Customs or Cess or other statutory dues have
been regularly deposited by the Company with the appropriate authorities. As explained to us, the company did not have any dues on account of
Employee State Insurance. According to the information and explanations given to us and on the basis of our examination of the records of the
Company, no undisputed amounts payable in respect of Goods and Service Tax, Provident Fund, Income-Tax, Duty of Customs or Cess or other
statutory dues were in arrears as at 31 March 2024 for a period of more than six months from the date they became payable. (b) According to the
information and explanations given to us and on the basis of our examination of the records of the Company, statutory dues relating to Goods and
Service Tax, Provident Fund, Income-Tax, Duty of Customs or Cess or other statutory dues which have not been deposited on account of any
dispute are as follows: Name of the Nature of Amount Amount Period to Forum Remark statute the dues (Rs. in deposite which where s, if any
Lakhs)* d (Rs. in the dispute Lakhs) amount is relates pending The Income tax Demand 93.61 15.00 Financial The Not Act, 1961 raised u/s year
Hon'ble Applicabl 144C read 2005-06 Delhi e with High section Court 143 (3) of the Income tax Act, 1961 The Income tax Demand 58.26 10
Financial The Not Act, 1961 raised u/s year Hon'ble Applicabl 144C read 2006-07 Supreme e with Court section 143 (3) of the Income tax Act,
1961. The Income tax Demand 179.13 71.65 Financial The Not Act, 1961 raised u/s year Hon'ble Applicabl 144C read 2007-08 Supreme e with
Court section 143 (3) of the Income tax Act, Name of the statute Nature of the dues Amount (Rs. in Lakhs)* Amount deposite d (Rs. in Lakhs)
Period to which the amount relates Forum where dispute is pending Remark s, if any 1961. The Income tax Demand 171.76 34.36 Financial
Commiss Not Act, 1961 raised u/s year ioner of Applicabl 144C read 2008-09 Income e with Tax section (Appeals) 143 (3) of the Income tax
Act, 1961. The Income tax Demand 968.91 0 Financial AO Order Not Act, 1961 raised u/s year received. Applicabl 144C read 2019-20 Appeal to
e with be filed section before 143 (3) of ITAT the Income tax Act, 1961. The Income tax Demand 1,778.33 0 Financial Matter Not Act, 1961
raised u/s year pending Applicabl 144C read 2020-21 before e with Dispute section Resolutio 143 (3) of n Panel the Income tax Act, 1961.
*Based on draft/final order received from respective authorities amount is including interest and penalty, wherever indicating in the order.

Textual information (23)

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

According to the information and explanations given to us and on the basis of our examination of the records of the Company, the Company did
not have any loans or borrowings from any lender during the year. Accordingly, clause 3(ix)(a) of the Order is not applicable to the Company. (b)
According to the information and explanations given to us and on the basis of our examination of the records of the Company, the Company has
not been declared a wilful defaulter by any bank or financial institution or government or government authority. (c) According to the information
and explanations given to us by the management, the Company has not obtained any term loans during the year. Accordingly, clause 3(ix)(c) of
the Order is not applicable.

Textual information (24)

Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
(x) (a) The Company has not raised any moneys by way of initial public offer or further public offer (including debt instruments). Accordingly,
clause 3(x)(a) of the Order is not applicable. (b) According to the information and explanations given to us and on the basis of our examination of
the records of the Company, the Company has not made any preferential allotment or private placement of shares or fully or partly convertible
debentures during the year. Accordingly, clause 3(x)(b) of the Order is not applicable.

Textual information (25)

Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
Based on examination of the books and records of the Company and according to the information and explanations given to us, no fraud by the
Company or on the Company has been noticed or reported during the course of the audit.

34
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (26)

Disclosure in auditors report relating to transactions with related parties

(xiii) The Company is a private limited company and accordingly the requirements as stipulated by the provisions of Section 177 of the Act are
not applicable to the Company. In our opinion and according to the information and explanations given to us and on the basis of our examination
of records of the Company, transactions with the related parties are in compliance with Section 188 of the Act where applicable and details of
such transactions have been disclosed in the financial statements as required by the applicable accounting standards

Textual information (27)

Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible
debentures
According to the information and explanations given to us and on the basis of our examination of the records of the Company, the Company has
not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year. Accordingly, clause
3(x)(b) of the Order is not applicable

Textual information (28)

Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him
In our opinion and according to the information and explanations given to us, the Company has not entered into any non-cash transactions with its
directors or persons connected to its directors and hence, provisions of Section 192 of the Act are not applicable to the Company

Textual information (29)

Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of India Act, 1934
(xvi) (a) The Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934. Accordingly, clause 3(xvi)(a)
of the Order is not applicable. (b) The Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934.
Accordingly, clause 3(xvi)(b) of the Order is not applicable. (c) The Company is not a Core Investment Company (CIC) as defined in the
regulations made by the Reserve Bank of India. Accordingly, clause 3(xvi)(c) of the Order is not applicable. (d) The Company is not part of any
group (as per the provisions of the Core Investment Companies (Reserve Bank) Directions, 2016 as amended). Accordingly, the requirements of
clause 3(xvi)(d) are not applicable.

35
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (30)

Disclosure in auditor’s report explanatory [Text Block]

B S R & Co. LLP

Chartered Accountants

Building No. 10, 12th Floor, Tower-C DLF Cyber City, Phase - II Gurugram - 122 002, India

Tel: +91 124 719 1000

Fax: +91 124 235 8613

Independent Auditor’s Report

OpinionTo the Members of Casio India Co., Private Limited Report on the Audit of the Financial Statements

We have audited the financial statements of Casio India Co., Private Limited (the “Company”) which comprise the balance sheet as at 31 March
2024, and the statement of profit and loss (including other comprehensive income), statement of changes in equity and statement of cash flows for
the year then ended, and notes to the financial statements, including material accounting policies and other explanatory information.

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the
information required by the Companies Act, 2013 (“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 31 March 2024, and its profit and other
comprehensive income, changes in equity and its cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act. Our responsibilities
under those SAs are further described in the Auditor’s Responsibilities for the Audit of the 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 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 on the financial statements.

Other Information

The Company’s Management and Board of Directors are responsible for the other information. The other information comprises the information
included in the Company’s Directors' report, but does not include the financial statements and auditor’s report thereon.

Our opinion on the 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 financial statements, our responsibility is to read the other information and, in doing so, consider whether the
other information is materially inconsistent with the 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.

36
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Management's and Board of Directors' Responsibilities for the Financial Statements

The Company’s Management and Board of Directors are responsible for the matters stated in Section 134(5) of the Act with respect to the
preparation of these financial statements that give a true and fair view of the state of affairs, profit/loss and other comprehensive income, changes
in equity and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Indian
Accounting Standards (Ind AS) 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

Registered Office:

B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP
Registration No. AAB-8181) with effect from October 14, 2013

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063

Independent Auditor’s Report (Continued) Casio India Co., Private Limited

safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of
appropriate accounting policies; making judgments 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 financial statements that give a true and fair view and are free from material misstatement,
whether due to fraud or error.

In preparing the financial statements, the Management and Board of Directors are 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 the Board of
Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors is also responsible for overseeing the Company’s financial reporting process.

Auditor’s Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether
due to fraud or error, and to issue an auditor’s 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 financial statements.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We
also:
• Identify and assess the risks of material misstatement of the 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 control 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 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 the
Management and Board of Directors.
• Conclude on the appropriateness of the Management and Board of Directors use of the going concern basis of accounting in preparation of
financial statements 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

37
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

draw attention in our auditor’s report to the related disclosures in the 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 auditor’s 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 financial statements, including the disclosures, and whether the financial
statements represent the underlying transactions and events in a manner that achieves fair presentation.

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.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding
independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and
where applicable, related

safeguards.

Independent Auditor’s Report (Continued) Casio India Co., Private Limited

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor’s Report) Order, 2020 (“the Order”) issued by the Central Government of India in terms of Section
143(11) of the Act, we give in the “Annexure A” a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.

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

• 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.
• 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 for the matters stated in the paragraph 2B(f) below on reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules,
2014.
• 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.
• In our opinion, the aforesaid financial statements comply with the Ind AS specified under Section 133 of the Act.
• On the basis of the written representations received from the directors as on 31 March 2024 taken on record by the Board of Directors, none of
the directors is disqualified as on 31 March 2024 from being appointed as a director in terms of Section 164(2) of the Act.
• The modifications relating to the maintenance of accounts and other matters connected therewith are as stated in the paragraph 2A(b) above on
reporting under Section 143(3)(b) of the Act and paragraph 2B(f) below on reporting under Rule 11(g) of the Companies (Audit and Auditors)
Rules, 2014.
• With respect to the adequacy of the internal financial controls with reference to financial statements of the Company and the operating
effectiveness of such controls, refer to our separate Report in “Annexure B”.
• With respect to the other matters to be included in the Auditor’s 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:
• The Company has disclosed the impact of pending litigations as at 31 March 2024 on its financial position in its financial statements - Refer
Note 31 to the financial statements.
• The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.
• There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.

38
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

d (i) The management has represented that, to the best of its knowledge and belief, as disclosed in the Note 41 to the financial statements, no
funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the
Company to or in any other person(s) or entity(ies), including foreign entities (“Intermediaries”), with the understanding, whether recorded in
writing or otherwise, that the Intermediary shall directly or indirectly lend or invest in other persons or entities identified in any manner
whatsoever by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.
• The management has represented that, to the best of its knowledge and belief, as disclosed in

Independent Auditor’s Report (Continued) Casio India Co., Private Limited

the Note 41 to the financial statements, no funds have been received by the Company from any person(s) or entity(ies), including foreign entities
(“Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the Company shall directly or indirectly, lend or invest
in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Parties (“Ultimate Beneficiaries”) or provide any
guarantee, security or the like on behalf of the Ultimate Beneficiaries.
• Based on the audit procedures performed that have been considered reasonable and appropriate in the circumstances, nothing has come to our
notice that has caused us to believe that the representations under sub-clause (i) and (ii) of Rule 11(e), as provided under (i) and (ii) above,
contain any material misstatement.
• The Company has neither declared nor paid any dividend during the year.
• Based on our examination which included test checks, the Company has used an accounting software for maintaining its books of account which
has a feature of recording audit trail (edit log) facility except that that audit trail was not enabled at the database level for accounting software to
log any direct data changes. For accounting software for which audit trail feature is enabled, the audit trail facility has been operating throughout
the year for all relevant transactions recorded in the software and we did not come across any instance of audit trail feature being tampered with
during the course of our audit.
• With respect to the matter to be included in the Auditor’s Report under Section 197(16) of the Act:

In our opinion and according to the information and explanations given to us, the Company is not a public company. Accordingly, the provisions
of Section 197 of the Act are not applicable to the Company. The Ministry of Corporate Affairs has not prescribed other details under Section
197(16) of the Act which are required to be commented upon by us.

For B S R & Co. LLP

Chartered Accountants

Firm’s Registration No.:101248W/W-100022

Prince Sharma

Partner

Place: Gurugram Membership No.: 521307

Date: 23 September 2024 ICAI UDIN:XXXXXXXXXXXXXXXXXX

Annexure A to the Independent Auditor’s Report on the Financial Statements of Casio India Co., Private Limited for the year ended 31 March
2024

(Referred to in paragraph 1 under ‘Report on Other Legal and Regulatory Requirements’ section of our report of even date)

(i) (a) (A) The Company has maintained proper records showing full particulars, including quantitative details and situation of Property, Plant and

39
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Equipment.

(B) The Company has maintained proper records showing full particulars of intangible assets.
• (b) According to the information and explanations given to us and on the basis of our examination of the records of the Company, the
Company has a regular programme of physical verification of its Property, Plant and Equipment by which all property, plant and equipment,
except for property, plant and equipment lying with third parties, are verified annually. In respect of assets lying with third parties, confirmations
are obtained from third parties in a phased manner over a period of three years. In accordance with this programme, property, plant and equipment
lying with the Company were verified during the current year. In our opinion, this periodicity of physical verification is reasonable having regard
to the size of the Company and the nature of its assets. No material discrepancies were noticed on such verification.
• The Company does not have any immovable property (other than immovable properties where the Company is the lessee and the leases
agreements are duly executed in favour of the lessee). Accordingly, clause 3(i)(c) of the Order is not applicable.
• According to the information and explanations given to us and on the basis of our examination of the records of the Company, the Company has
not revalued its Property, Plant and Equipment (including Right of Use assets) or intangible assets or both during the year.
• According to the information and explanations given to us and on the basis of our examination of the records of the Company, there are no
proceedings initiated or pending against the Company for holding any benami property under the Prohibition of Benami Property Transactions
Act, 1988 and rules made thereunder.
• (a) The inventory, except goods-in-transit has been physically verified by the management during the year. For goods-in-transit, subsequent
evidence of receipts has been linked with inventory records. In our opinion, the frequency of such verification is reasonable and procedures and
coverage as followed by management were appropriate. No discrepancies were noticed on verification between the physical stocks and the book
records that were more than 10% in the aggregate of each class of inventory.

(b) According to the information and explanations given to us and on the basis of our examination of the records of the Company, the Company
has not been sanctioned any working capital limits in excess of five crore rupees in aggregate from banks and financial institutions on the basis of
security of current assets at any point of time of the year. Accordingly, clause 3(ii)(b) of the Order is not applicable to the Company.
• According to the information and explanations given to us and on the basis of our examination of the records of the Company, the Company has
not made any investments, provided guarantee or security to companies, firms, limited liability partnerships or any other parties during the year.
The Company has not granted any loans or advances in the nature of loans, secured or unsecured, to companies, firms, and limited liability
partnerships during the year. The Company has granted unsecured loans to other parties during the year in respect of which the requisite
information is as below.
• Based on the audit procedures carried on by us and as per the information and explanations given to us the Company has provided unsecured
loans to parties as below:

Annexure A to the Independent Auditor’s Report on the Financial Statements of Casio India Co., Private Limited for the year ended 31 March
2024 (Continued)

40
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Particulars Amount (In lakhs)

Aggregate amount during the year

5.00

Others- Loans to employees

Balance outstanding as at balance sheet date

17.39

Others- Loans to employees

• According to the information and explanations given to us and based on the audit procedures conducted by us, in our opinion the terms and
conditions of the grant of loans during the year are, prima facie, not prejudicial to the interest of the Company.
• According to the information and explanations given to us and on the basis of our examination of the records of the Company, in the case of
loans given, in our opinion the repayment of principal and payment of interest has been stipulated and the repayments or receipts have been
regular. Further, the Company has not given any advance in the nature of loan to any party during the year.
• According to the information and explanations given to us and on the basis of our examination of the records of the Company, there is no
overdue amount for more than ninety days in respect of loans given. Further, the Company has not given any advances in the nature of loans to
any party during the year.
• According to the information and explanations given to us and on the basis of our examination of the records of the Company, there is no loan
or advance in the nature of loan granted falling due during the year, which has been renewed or extended or fresh loans granted to settle the
overdues of existing loans given to same parties.
• According to the information and explanations given to us and on the basis of our examination of the records of the Company, the Company has
not granted any loans or advances in the nature of loans either repayable on demand or without specifying any terms or period of repayment.
• According to the information and explanations given to us and on the basis of our examination of records of the Company, the Company has
neither made any investments nor has it given loans or provided guarantee or security and therefore the relevant provisions of Sections 185 and
186 of the Companies Act, 2013 (“the Act”) are not applicable to the Company. Accordingly, clause 3(iv) of the Order is not applicable.
• The Company has not accepted any deposits or amounts which are deemed to be deposits from the public. Accordingly, clause 3(v) of the Order
is not applicable.
• According to the information and explanations given to us, the Central Government has not prescribed the maintenance of cost records under
Section 148(1) of the Act for the products traded and services provided by it. Accordingly, clause 3(vi) of the Order is not applicable.
• (a) The Company does not have liability in respect of Service tax, Duty of excise, Sales tax and Value added tax during the year since effective
1 July 2017, these statutory dues has been subsumed into GST.

According to the information and explanations given to us and on the basis of our examination of the records of the Company, in our opinion
amounts deducted / accrued in the books of

Annexure A to the Independent Auditor’s Report on the Financial Statements of Casio India Co., Private Limited for the year ended 31 March
2024 (Continued)

account in respect of undisputed statutory dues including Goods and Service Tax, Provident Fund, Income-Tax, Duty of Customs or Cess or other
statutory dues have been regularly deposited by the Company with the appropriate authorities. As explained to us, the company did not have any
dues on account of Employee State Insurance.

According to the information and explanations given to us and on the basis of our examination of the records of the Company, no undisputed
amounts payable in respect of Goods and Service Tax, Provident Fund, Income-Tax, Duty of Customs or Cess or other statutory dues were in
arrears as at 31 March 2024 for a period of more than six months from the date they became payable.

41
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

(b) According to the information and explanations given to us and on the basis of our examination of the records of the Company, statutory
dues relating to Goods and Service Tax, Provident Fund, Income-Tax, Duty of Customs or Cess or other statutory dues which have not been
deposited on account of any dispute are as follows:

42
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Name of the Nature of Amount Amount Period to Forum Remark

statute the dues (Rs. in deposite which where s, if any

Lakhs)* d (Rs. in the dispute

Lakhs) amount is

relates pending

The Income tax Demand 93.61 15.00 Financial The Not

Act, 1961 raised u/s year Hon'ble Applicabl

144C read 2005-06 Delhi e

with High

section Court

143 (3) of

the

Income

tax Act,

1961

The Income tax Demand 58.26 10 Financial The Not

Act, 1961 raised u/s year Hon'ble Applicabl

144C read 2006-07 Supreme e

with Court

section

43
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

143 (3) of

the

Income

tax Act,

1961.

The Income tax Demand 179.13 71.65 Financial The Not

Act, 1961 raised u/s year Hon'ble Applicabl

144C read 2007-08 Supreme e

with Court

section

143 (3) of

the

Income

tax Act,

Annexure A to the Independent Auditor’s Report on the Financial Statements of Casio India Co., Private Limited for the year ended 31 March
2024 (Continued)

Name of the Nature of the Amount (Rs. in Amount deposite d (Rs. in Period to which the Forum where dispute is Remark s, if
statute dues Lakhs)* Lakhs) amount relates pending any

1961.

The Income
Demand 171.76 34.36 Financial Commiss Not
tax

Act, 1961 raised u/s year ioner of Applicabl

44
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

144C read 2008-09 Income e

with Tax

section (Appeals)

143 (3) of

the

Income

tax Act,

1961.

The Income
Demand 968.91 0 Financial AO Order Not
tax

Act, 1961 raised u/s year received. Applicabl

144C read 2019-20 Appeal to e

with be filed

section before

143 (3) of ITAT

the

Income

tax Act,

1961.

The Income
Demand 1,778.33 0 Financial Matter Not
tax

Act, 1961 raised u/s year pending Applicabl

144C read 2020-21 before e

45
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

with Dispute

section Resolutio

143 (3) of n Panel

the

Income

tax Act,

1961.

*Based on draft/final order received from respective authorities amount is including interest and penalty, wherever indicating in the order.
• According to the information and explanations given to us and on the basis of our examination of the records of the Company, the Company has
not surrendered or disclosed any transactions, previously unrecorded as income in the books of account, in the tax assessments under the Income
Tax Act, 1961 as income during the year.
• (a) According to the information and explanations given to us and on the basis of our examination of the records of the Company, the
Company did not have any loans or borrowings from any lender during the year. Accordingly, clause 3(ix)(a) of the Order is not applicable to the
Company.

Annexure A to the Independent Auditor’s Report on the Financial Statements of Casio India Co., Private Limited for the year ended 31 March
2024 (Continued)

• According to the information and explanations given to us and on the basis of our examination of the records of the Company, the Company has
not been declared a wilful defaulter by any bank or financial institution or government or government authority.
• According to the information and explanations given to us by the management, the Company has not obtained any term loans during the year.
Accordingly, clause 3(ix)(c) of the Order is not applicable.
• According to the information and explanations given to us and on an overall examination of the balance sheet of the Company, we report that no
funds raised on short-term basis have been used for long-term purposes by the Company.
• The Company does not hold any investment in any subsidiaries, associates or joint ventures (as defined under the Act) during the year ended 31
March 2024. Accordingly, clause 3(ix)(e) is not applicable.
• The Company does not hold any investment in any subsidiaries, associates or joint ventures (as defined under the Act) during the financial year
ended 31 March 2024. Accordingly, clause 3(ix)(f) is not applicable.
• (a) The Company has not raised any moneys by way of initial public offer or further public offer (including debt instruments). Accordingly,
clause 3(x)(a) of the Order is not applicable.

(b) According to the information and explanations given to us and on the basis of our examination of the records of the Company, the Company
has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year. Accordingly,
clause 3(x)(b) of the Order is not applicable.
• (a) Based on examination of the books and records of the Company and according to the information and explanations given to us, no fraud by
the Company or on the Company has been noticed or reported during the course of the audit.
• According to the information and explanations given to us, no report under sub-section (12) of Section 143 of the Act has been filed by the
auditors in Form ADT-4 as prescribed under Rule 13 of the Companies (Audit and Auditors) Rules, 2014 with the Central Government.
• Based on the information and explanations provided to us, the Company does not have a vigil mechanism and is not required to have a vigil
mechanism as per the Act or SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• According to the information and explanations given to us, the Company is not a Nidhi Company. Accordingly, clause 3(xii) of the Order is not
applicable.
• The Company is a private limited company and accordingly the requirements as stipulated by the provisions of Section 177 of the Act are not
applicable to the Company. In our opinion and according to the information and explanations given to us and on the basis of our examination of
records of the Company, transactions with the related parties are in compliance with Section 188 of the Act where applicable and details of such
transactions have been disclosed in the financial statements as required by the applicable accounting standards.
• (a) Based on information and explanations provided to us and our audit procedures, in our opinion, the Company has an internal audit system

46
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

commensurate with the size and nature of its business.

(b) We have considered the internal audit reports of the Company issued till date for the period under audit.
• In our opinion and according to the information and explanations given to us, the Company has not entered into any non-cash transactions with
its directors or persons connected to its directors and hence, provisions of Section 192 of the Act are not applicable to the Company.

Annexure A to the Independent Auditor’s Report on the Financial Statements of Casio India Co., Private Limited for the year ended 31 March
2024 (Continued)

• (a) The Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934. Accordingly, clause 3(xvi)(a) of
the Order is not applicable.
• The Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934. Accordingly, clause 3(xvi)(b) of the
Order is not applicable.
• The Company is not a Core Investment Company (CIC) as defined in the regulations made by the Reserve Bank of India. Accordingly, clause
3(xvi)(c) of the Order is not applicable.
• The Company is not part of any group (as per the provisions of the Core Investment Companies (Reserve Bank) Directions, 2016 as amended).
Accordingly, the requirements of clause 3(xvi)(d) are not applicable.
• The Company has not incurred cash losses in the current and in the immediately preceding financial year.
• There has been no resignation of the statutory auditors during the year. Accordingly, clause 3(xviii) of the Order is not applicable.
• According to the information and explanations given to us and on the basis of the financial ratios, ageing and expected dates of realisation of
financial assets and payment of financial liabilities, other information accompanying the financial statements, our knowledge of the Board of
Directors and management plans and based on our examination of the evidence supporting the assumptions, nothing has come to our attention,
which causes us to believe that any material uncertainty exists as on the date of the audit report that the Company is not capable of meeting its
liabilities existing at the date of balance sheet as and when they fall due within a period of one year from the balance sheet date. We, however,
state that this is not an assurance as to the future viability of the Company. We further state that our reporting is based on the facts up to the date
of the audit report and we neither give any guarantee nor any assurance that all liabilities falling due within a period of one year from the balance
sheet date, will get discharged by the Company as and when they fall due.
• (a) In our opinion and according to the information and explanations given to us, there is no unspent amount under sub-section (5) of Section
135 of the Act pursuant to any project other than ongoing projects. Accordingly, clause 3(xx)(a) of the Order is not applicable.

(b) In respect of ongoing projects, the Company has transferred the unspent amount to a Special Account within a period of 30 days from the end
of the financial year in compliance with Section 135(6) of the said Act.

For B S R & Co. LLP

Chartered Accountants

Firm’s Registration No.:101248W/W-100022

Prince Sharma

Partner

Place: Gurugram Membership No.: 521307

Date: 23 September 2024 ICAI UDIN:XXXXXXXXXXXXXXXXXX

Annexure A to the Independent Auditor’s Report on the Financial Statements of Casio India Co., Private Limited for the year ended 31 March
2024 (Continued)

47
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Annexure

Annexure B to the Independent Auditor’s Report on the financial statements of Casio India Co., Private Limited for the year ended 31 March
2024

Report on the internal financial controls with reference to the aforesaid financial statements under Clause (i) of Sub-section 3 of Section 143 of
the Act

(Referred to in paragraph 2(A)(g) under ‘Report on Other Legal and Regulatory Requirements’ section of our report of even date)

Opinion

We have audited the internal financial controls with reference to financial statements of Casio India Co., Private Limited (“the Company”) as of
31 March 2024 in conjunction with our audit of the financial statements of the Company for the year ended on that date.

In our opinion, the Company has, in all material respects, adequate internal financial controls with reference to financial statements and such
internal financial controls were operating effectively as at 31 March 2024, based on the internal financial controls with reference to financial
statements criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of
Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India (the “Guidance Note”).

Management’s and Board of Directors’ Responsibilities for Internal Financial Controls

The Company’s Management and the Board of Directors are responsible for establishing and maintaining internal financial controls based on the
internal financial controls with reference to financial statements criteria established by the Company considering the essential components of
internal control stated in the Guidance Note. These responsibilities include the design, implementation and maintenance of adequate internal
financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to company’s
policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records,
and the timely preparation of reliable financial information, as required under the Act.

Auditor’s Responsibility

48
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Our responsibility is to express an opinion on the Company’s internal financial controls with reference to financial statements based on our audit.
We conducted our audit in accordance with the Guidance Note and the Standards on Auditing, prescribed under Section 143(10) of the Act, to the
extent applicable to an audit of internal financial controls with reference to financial statements. Those Standards and the Guidance Note require
that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial
controls with reference to financial statements were established and maintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls with reference to financial
statements and their operating effectiveness. Our audit of internal financial controls with reference to financial statements included obtaining an
understanding of internal financial controls with reference to financial statements, assessing the risk that a material weakness exists, and testing
and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the
auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company’s
internal financial controls with reference to financial statements.

Meaning of Internal Financial Controls with Reference to Financial Statements

A company's internal financial controls with reference to financial statements is a process designed to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial

Annexure B to the Independent Auditor’s Report on the financial statements of Casio India Co., Private Limited for the year ended 31 March
2024 (Continued)

statements for external purposes in accordance with generally accepted accounting principles. A company's internal financial controls with
reference to financial statements include those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts
and expenditures of the company are being made only in accordance with authorisations of management and directors of the company; and (3)
provide reasonable assurance regarding prevention or timely detection of unauthorised acquisition, use, or disposition of the company's assets that
could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls with Reference to Financial Statements

Because of the inherent limitations of internal financial controls with reference to financial statements, including the possibility of collusion or
improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any
evaluation of the internal financial controls with reference to financial statements to future periods are subject to the risk that the internal financial
controls with reference to financial statements may become inadequate because of changes in conditions, or that the degree of compliance with
the policies or procedures may deteriorate.

For B S R & Co. LLP

Chartered Accountants

Firm’s Registration No.:101248W/W-100022

49
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Prince Sharma

Partner

Place: Gurugram Membership No.: 521307

Date: 23 September 2024 ICAI UDIN:XXXXXXXXXXXXXXXXXX

[700700] Disclosures - Secretarial audit report

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023
to
31/03/2024
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
Whether secretarial audit report has been qualified or has any
No
observation or other remarks

50
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[110000] Balance sheet

Unless otherwise specified, all monetary values are in Lakhs of INR
31/03/2024 31/03/2023 31/03/2022
Balance sheet [Abstract]
Assets [Abstract]
Non-current assets [Abstract]
Property, plant and equipment 633.87 665.43 678.51

Other intangible assets (A) 2,071.01

2,250.84 944.96

Non-current financial assets [Abstract]

Non-current investments 0 0 0
Loans, non-current 0 0 0
Other non-current financial assets 141.66 150.37 67.97
Total non-current financial assets 141.66 150.37 67.97
Deferred tax assets (net) 869.8 904.5 1,035.85

Other non-current assets (B) 1,325.87 (C) 1,099.98 (D) 1,164.05

Total non-current assets 5,042.21 5,071.12 3,891.34
Current assets [Abstract]
Inventories 12,384.84 11,860.61 9,192.37
Current financial assets [Abstract]
Current investments 0 0 0
Trade receivables, current 9,720.88 7,554.8 6,397.86
Cash and cash equivalents 22,168.28 19,252.95 13,764.62
Bank balance other than cash and cash equivalents 1.88 184.96 240.07
Loans, current 0 0 0
Other current financial assets 142.03 96.28 307.08
Total current financial assets 32,033.07 27,088.99 20,709.63
Other current assets 757.27 927.68 231
Total current assets 45,175.18 39,877.28 30,133
Total assets 50,217.39 44,948.4 34,024.34
Equity and liabilities [Abstract]
Equity [Abstract]
Equity attributable to owners of parent [Abstract]
Equity share capital 3,000 3,000 3,000
Other equity 35,384.52 29,593.72 20,761.96
Total equity attributable to owners of parent 38,384.52 32,593.72 23,761.96
Non controlling interest 0 0 0
Total equity 38,384.52 32,593.72 23,761.96
Liabilities [Abstract]
Non-current liabilities [Abstract]
Non-current financial liabilities [Abstract]
Borrowings, non-current 0 0 0

Other non-current financial liabilities (E) 1,931.97 (F) 1,937.7 (G) 707.84
Total non-current financial liabilities 1,931.97 1,937.7 707.84
Provisions, non-current 1,160.56 1,260.48 1,618.26
Total non-current liabilities 3,092.53 3,198.18 2,326.1
Current liabilities [Abstract]
Current financial liabilities [Abstract]
Borrowings, current 0 0 0

Trade payables, current (H) 6,025.15 (I) 6,309.03 (J) 6,157.65

Other current financial liabilities (K) 393.04 (L) 364.91 (M) 285.47
Total current financial liabilities 6,418.19 6,673.94 6,443.12
Other current liabilities 1,498.9 1,725.84 864.16
Provisions, current 283.06 216.53 221.96
Current tax liabilities 540.19 540.19 407.04
Total current liabilities 8,740.34 9,156.5 7,936.28
Total liabilities 11,832.87 12,354.68 10,262.38
Total equity and liabilities 50,217.39 44,948.4 34,024.34

51
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Footnotes
(A) Intangible assets : 31.16 Right-of-use assets : 2039.85
(B) Other non-current assets : 379.49 Other tax asset (net) : 946.38
(C) Other non-current assets : 404.01 Other tax asset (net) : 695.97
(D) Other non-current assets : 468.08 Other tax asset (net) : 695.97
(E) Other non-current liabilities : 41.33 i. Lease Liabilities : 1890.64
(F) Other non-current liabilities : 33.14 i. Lease Liabilities : 1904.56
(G) Other non-current liabilities : 13.84 i. Lease Liabilities : 694
(H) - Total outstanding dues of micro and small enterprises; and : 308.59 - Total outstanding dues of creditors other than micro and small
enterprises : 4436.19 Unbilled & Accruals : 1280.37
(I) - Total outstanding dues of micro and small enterprises; and : 190.53 - Total outstanding dues of creditors other than micro and small
enterprises : 5065.64 Unbilled & Accruals : 1052.86
(J) - Total outstanding dues of micro and small enterprises; and : 277.19 - Total outstanding dues of creditors other than micro and small
enterprises : 5252.09 Unbilled & Accruals : 628.37
(K) iii. Other financial liabilities : 132.17 i. Lease Liabilities : 260.87
(L) iii. Other financial liabilities : 28.18 i. Lease Liabilities : 336.73
(M) iii. Other financial liabilities : 65.11 i. Lease Liabilities : 220.36

[210000] Statement of profit and loss

Earnings per share [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Statement of profit and loss [Abstract]
Earnings per share [Abstract]
Earnings per share [Line items]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations [INR/shares] 19.29 [INR/shares] 29.25
Total basic earnings (loss) per share [INR/shares] 19.29 [INR/shares] 29.25
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations [INR/shares] 19.29 [INR/shares] 29.25
Total diluted earnings (loss) per share [INR/shares] 19.29 [INR/shares] 29.25

52
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

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

01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Statement of profit and loss [Abstract]
Income [Abstract]
Revenue from operations 77,408.18 67,407.1
Other income 1,346.83 946.79
Total income 78,755.01 68,353.89
Expenses [Abstract]
Cost of materials consumed 0 0
Purchases of stock-in-trade 56,116.37 48,427.2
Changes in inventories of finished goods, work-in-progress and
-371.57 -3,130.6
stock-in-trade
Employee benefit expense 4,286.37 3,618.02
Finance costs 186.19 164.03
Depreciation, depletion and amortisation expense 847.32 679.83
Other expenses 9,887.64 6,681.45
Total expenses 70,952.32 56,439.93
Profit before exceptional items and tax 7,802.69 11,913.96
Total profit before tax 7,802.69 11,913.96
Tax expense [Abstract]
Current tax 1,981.44 3,027.83
Deferred tax 33.63 111.98
Total tax expense 2,015.07 3,139.81
Total profit (loss) for period from continuing operations 5,787.62 8,774.15
Total profit (loss) for period 5,787.62 8,774.15
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
3.18 57.61
remeasurements of defined benefit plans
Total other comprehensive income that will not be reclassified
3.18 57.61
to profit or loss, net of tax
Other comprehensive income that will be reclassified to profit
0 0
or loss, net of tax, others
Total other comprehensive income that will be reclassified to
0 0
profit or loss, net of tax
Total other comprehensive income 3.18 57.61
Total comprehensive income 5,790.8 8,831.76
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
4.25 76.98
remeasurements of defined benefit plans
Other comprehensive income that will not be reclassified to
4.25 76.98
profit or loss, before tax
Total other comprehensive income, before tax 4.25 76.98
Income tax relating to components of other comprehensive
income that will not be reclassified to profit or loss
[Abstract]
Income tax relating to remeasurements of defined benefit plans
1.07 19.37
of other comprehensive income
Aggregated income tax relating to components of other
comprehensive income that will not be reclassified to 1.07 19.37
profit or loss
Total other comprehensive income 3.18 57.61
Total comprehensive income 5,790.8 8,831.76
Textual information (31)
Earnings per share explanatory [TextBlock] [See below]
Earnings per share [Abstract]
Basic earnings per share [Abstract]

53
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Diluted earnings per share [Abstract]

54
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (31)

Earnings per share explanatory [Text Block]

Earnings per share

Basic earnings per share is calculated by dividing the net profit or loss for the year attributable to equity shareholders by the weighted average
number of equity shares outstanding during the period.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted
average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares. The number of shares
used in computing diluted earnings per share comprise of the weighted average shares considered for deriving basic earnings per equity share
and weighted average number of equity shares, if any, which would have been issued on the conversion of all dilutive potential equity shares
unless the impact is anti-dilutive. Dilutive potential equity shares are deemed converted as of the beginning of the period unless issued at a later
date.

28 Earnings per share (EPS)

Basic and diluted EPS amounts are calculated by dividing the profit for the year attributable to
equityholders of the Company by the weighted average number of equity shares outstanding
during the year. The Company has not issued any dilutive potential equity shares that would be
converted into equity shares.

The following reflects the income and share data used in the basic and diluted EPS
computations:

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Net profit attributable to equity shareholders (A)

5,787.62 8,774.15

Weighted average number of equity shares for calculation of basic and diluted earnings per
share (B) 300.00 300.00

Basic and diluted earnings per share (A/B)

19.29 29.25

55
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Face value per equity share (In INR) 10.00

10.00

Reconciliation of weighted average number of equity shares for calculation of basic and
diluted earnings per share:

Weighted average
Particulars
number of shares

Equity shares of face value of INR 10 per share:

As at April 01, 2022 3,00,00,000

-
Changes in equity shares during the year

As at March 31, 2023 3,00,00,000

-
Changes in equity shares during the year

As at March 31, 2024 3,00,00,000

56
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[400200] Statement of changes in equity

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

Unless otherwise specified, all monetary values are in Lakhs of INR
Equity attributable
to the equity
Components of equity [Axis] Equity [Member]
holders of the
parent [Member]
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 5,787.62 8,774.15 5,787.62
Total comprehensive income 5,787.62 8,774.15 0 5,787.62
Other changes in equity [Abstract]
Other changes in equity, others 3.18 57.61 0 3.18
Total other changes in equity 3.18 57.61 0 3.18
Total increase (decrease) in equity 5,790.8 8,831.76 0 5,790.8
Other equity at end of period 35,384.52 29,593.72 20,761.96 35,384.52

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

Unless otherwise specified, all monetary values are in Lakhs of INR
Equity attributable to the equity holders
Components of equity [Axis] Reserves [Member]
of the parent [Member]
01/04/2022 01/04/2023 01/04/2022
to 31/03/2022 to to
31/03/2023 31/03/2024 31/03/2023
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 8,774.15 5,787.62 8,774.15
Total comprehensive income 8,774.15 5,787.62 8,774.15
Other changes in equity [Abstract]
Other changes in equity, others 57.61 3.18 57.61
Total other changes in equity 57.61 3.18 57.61
Total increase (decrease) in equity 8,831.76 5,790.8 8,831.76
Other equity at end of period 29,593.72 20,761.96 35,384.52 29,593.72

57
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

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

Unless otherwise specified, all monetary values are in Lakhs of INR
Components of equity [Axis] Reserves [Member] Retained earnings [Member]
01/04/2023 01/04/2022
31/03/2022 to to 31/03/2022
31/03/2024 31/03/2023
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 5,787.62 8,774.15
Total comprehensive income 5,787.62 8,774.15
Other changes in equity [Abstract]
Other changes in equity, others 3.18 57.61
Total other changes in equity 3.18 57.61
Total increase (decrease) in equity 5,790.8 8,831.76
Other equity at end of period 20,761.96 35,384.52 29,593.72 20,761.96

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

Unless otherwise specified, all monetary values are in Lakhs of INR
Components of equity [Axis] Remeasurements of defined benefit plans [Member]
01/04/2023 01/04/2022
to to 31/03/2022
31/03/2024 31/03/2023
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 5,787.62 8,774.15
Total comprehensive income 5,787.62 8,774.15
Other changes in equity [Abstract]
Other changes in equity, others 3.18 57.61
Total other changes in equity 3.18 57.61
Total increase (decrease) in equity 5,790.8 8,831.76
Other equity at end of period 35,384.52 29,593.72 20,761.96

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

01/04/2023
to
31/03/2024
Textual information (32)
Disclosure of notes on changes in equity [TextBlock] [See below]

58
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (32)

Disclosure of notes on changes in equity [Text Block]

A. Equity Share Capital:

For the year ended March 31, 2024

Equity shares of INR 10 each issued,

No. in lacs INR lacs
subscribed and fully paid

As at April 1, 2023 3,00,00,000 3,000

- -
Changes in Equity Share Capital

Restated balance as at April 1, 2023 3,00,00,000 3,000

- -
Changes in Equity Share Capital

As at March 31, 2024 3,00,00,000 3,000

For the year ended March 31, 2023

Equity shares of INR 10 each issued,

No. in lacs INR lacs
subscribed and fully paid

As at April 1, 2022 3,00,00,000 3,000

- -
Changes in Equity Share Capital

Restated balance as at April 1, 2022 3,00,00,000 3,000

59
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Changes in Equity Share Capital - -

As at March 31, 2023 3,00,00,000 3,000

B. Other Equity

Total Other
Particulars Reserves and Surplus
Equity

Retained Remeasurement of
Earnings defined benefit plans

Restated balance as at April 1, 2022

20,704.94
(Refer note 14A) 57.02 20,761.96

-
Profit for the year
8,774.15 8,774.15

-
Other comprehensive income
57.61 57.61

Total Comprehensive Income 8,774.15

57.61 8,831.76

Balance as at March 31, 2023 29,479.09

114.63 29,593.72

Balance as at April 1, 2023 29,479.09

114.63 29,593.72

Profit for the year

5,787.62 5,787.62

-
Other comprehensive income
3.18 3.18

Total Comprehensive Income 5,787.62

3.18 5,790.80

Balance as at March 31, 2024 35,266.71

117.81 35,384.52

60
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Material accounting policies 1-3

The accompanying notes are an integral

part of the financial statements.

[320000] Cash flow statement, indirect

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to 31/03/2022
31/03/2024 31/03/2023
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 7,802.69 11,913.96
Adjustments for reconcile profit (loss) [Abstract]
Adjustments for decrease (increase) in inventories -524.23 -2,668.24
Adjustments for decrease (increase) in trade receivables, current -2,166.15 -1,156.88
Adjustments for increase (decrease) in trade payables, current -528.99 738.59
Adjustments for depreciation and amortisation expense 847.32 679.83
Adjustments for other financial liabilities, current 181.53 -561.52
Adjustments for interest income -170.38 -150.45
Adjustments for fair value losses (gains) -2.77 7.54
Total adjustments for reconcile profit (loss) -2,022.91 -2,810.23
Net cash flows from (used in) operations 5,779.78 9,103.73
Interest received -1,295.98 -865.95
Income taxes paid (refund) 2,231.85 2,894.68

Other inflows (outflows) of cash (A) 18.75 (B) -0.79

Net cash flows from (used in) operating activities 2,270.7 5,342.31
Cash flows from used in investing activities [Abstract]
Proceeds from sales of property, plant and equipment 2.16 29.33
Purchase of property, plant and equipment 299.01 348.01
Interest received 1,261.94 848.29

Other inflows (outflows) of cash (C) 183.17 (D) 55.09

Net cash flows from (used in) investing activities 1,148.26 584.7
Cash flows from used in financing activities [Abstract]
Payments of lease liabilities 503.63 438.68
Net cash flows from (used in) financing activities -503.63 -438.68
Net increase (decrease) in cash and cash equivalents before effect of
2,915.33 5,488.33
exchange rate changes
Net increase (decrease) in cash and cash equivalents 2,915.33 5,488.33
Cash and cash equivalents cash flow statement at end of period 22,168.28 19,252.95 13,764.62

Footnotes
(A) Gain on termination of lease : -1.02 Loss on sale of fixed assets (net) : 19.77
(B) Gain on termination of lease : -0.79 Loss on sale of fixed assets (net) : 0
(C) Purchase of bank deposits : -1.88 Proceeds from Bank deposits : 185.05
(D) Purchase of bank deposits : 0 Proceeds from Bank deposits : 55.09

61
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[610100] Notes - List of accounting policies

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023
to
31/03/2024
Textual information (33)
Disclosure of significant accounting policies [TextBlock] [See below]

62
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (33)

Disclosure of significant accounting policies [Text Block]

1 Corporate Information

Casio India Co., Private Limited (‘Casio India’ or ‘the Company’), a 100% subsidiary of Casio Computer
Co. Ltd, Japan, is responsible for marketing CASIO products in India manufactured by its parent company.
Casio India is involved in sales and marketing of Calculators, Label Printers, Projectors, Wrist Watches,
Digital Clocks and EMI (Electronic Musical Instrument) and other products.

The financial statements were approved for issue in accordance with a resolution of the directors on
September 26, 2024.

2 Material Accounting Policies

a. Statement of compliance

The financial statements of the Company have been prepared in accordance with the Indian Accounting
Standards (referred to as "Ind AS") prescribed under section 133 of the Act read with the Companies
(Indian Accounting Standards) Rules, 2015, as amended, and other accounting principles generally
accepted in India.
All amounts disclosed in the financial statements and notes have been rounded off to the nearest Indian
rupees ("INR") Lacs as per the requirement of Schedule III, unless otherwise stated.

The Company’s financial statements up to and for the year ended 31 March 2023 were prepared in
accordance with accounting standards notified under the section 133 of the Companies Act 2013, read
together with paragraph 7 of the Companies (Accounts) Rules, 2014 and other relevant provisions of the
Companies Act 2013 ('Previous GAAP').

As these are the Company’s first financial statements prepared in accordance with Indian Accounting
Standards (Ind AS), Ind AS 101, First-time Adoption of Indian Accounting Standards has been applied. An
explanation of how the transition to Ind AS has affected the previously reported financial position, financial
performance and cash flows of the Company is provided in Note 39.

The accounting policies, as set out in the following paragraphs of this note, have been consistently applied,
to all the periods presented in these financial statements except where a newly issued accounting standard
is initially adopted or a revision to an existing accounting standard requires a change in the accounting
policy.

b. Basis of preparation

The financial statements have been prepared on the historical cost basis as explained in the accounting
policies below, except for the following:
• certain financial assets and liabilities measured at fair value where Ind AS requires a different accounting

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CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

treatment (refer accounting policy regarding financial instruments);

• net defined benefit (asset)/liability - Fair value of plan assets less present value of defined benefit
obligations.
The preparation of these financial statements requires the use of certain critical accounting estimates and

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CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

judgements. It also requires the management to exercise judgement in the process of applying the
Company’s accounting policies. The areas where estimates are significant to the financial statements, or
areas involving a higher degree of judgement or complexity, are disclosed in Note 3.

c. Use of estimates, judgements and assumptions

The preparation of financial statements in conformity with Ind AS requires the management to make
estimates and judgements that affect the reported amounts of assets, liabilities, revenue, expenses and other
comprehensive income (OCI) that are reported and disclosed in the financial statements and accompanying
notes.
These estimates are based on the management’s best knowledge of current events, historical experience,
actions that the Company may undertake in the future and on various other assumptions that are believed to
be reasonable under the circumstances. Actual results could differ from those estimates. Changes in
estimates are reflected in the financial statements in the year in which the changes are made.

Estimates, judgements and assumptions are used for, but not limited to,

(i) Recognition of income and deferred taxes

(ii) Key actuarial assumptions for measurement of future obligations under employee benefit plans

(iii) Useful lives of property, plant and equipment

(iv) Impairment of Non- financial assets

(v) Identification of leases and measurement of lease liabilities and right of use assets

(vi) Provisions and contingent liabilities,

(vii) Allowance for uncollectible trade receivables

(viii) Warranty Provisions

(ix) Fair value measurement of financial instruments

d. Current and Non-current classification

Based on the time involved between the acquisition of assets for processing and their realisation in cash
and cash-equivalents, the Company has identified twelve months as its operating cycle for determining
current and non-current classification of assets and liabilities in the balance sheet.

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CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

e. Foreign currency and translation

The financial statements are presented in INR, which is also the Company’s functional currency.

Transactions in foreign currencies are initially recorded by the Company at their respective functional
currency spot rates at the date of the transaction. Foreign-currency denominated monetary assets and
liabilities are translated to the relevant functional currency at exchange rates in effect at the balance sheet
date. Exchange differences arising on settlement or translation of monetary items are recognized in the
statement of profit and loss. Non-monetary assets and non-monetary liabilities denominated in a foreign
currency and measured at historical cost are translated at the exchange rate prevalent at the date of initial
transaction. Non-monetary assets and non-monetary liabilities denominated in a foreign currency and
measured at fair value are translated at the exchange rate prevalent at the date when the fair value was
determined.

Transaction gains or losses realized upon settlement of foreign currency transactions are included in
determining net profit for the year. Revenue, expenses and cash-flow items denominated in foreign
currencies are translated into the relevant functional currencies using the exchange rate in effect on the date
of the transaction.

f. Fair value measurement

The Company measures certain financial instruments at fair value at each balance sheet date.
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date. The fair value measurement is based on
the presumption that the transaction to sell the asset or transfer the liability takes place either:

a) In the principal market for the asset or liability, or

b) In the absence of a principal market, in the most advantageous market for the asset or liability

The principal or the most advantageous market must be accessible by the Company. The fair value of an
asset or a liability is measured using the assumptions that market participants would use when pricing the
asset or liability, assuming that market participants act in their economic best interest. A fair value
measurement of a non-financial asset takes into account a market participant’s ability to generate economic
benefits by using the asset in its highest and best use or by selling it to another market participant that
would use the asset in its highest and best use. The Company uses valuation techniques that are appropriate
in the circumstances and for which sufficient data are available to measure fair value, maximising the use
of relevant observable inputs and minimising the use of unobservable inputs. All assets and liabilities for
which fair value is measured or disclosed in the financial statements are categorised within the fair value
hierarchy, described as follows, based on the lowest level input that is significant to the fair value
measurement as a whole:

a) Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities b) Level
2 — Valuation techniques for which the lowest level input that is significant to the fair value measurement
is directly or indirectly observable c) Level 3 — Valuation techniques for which the lowest level input that
is significant to the fair value measurement is unobservable

For assets and liabilities that are recognised in the financial statements on a recurring basis, the

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CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Company determines whether transfers have occurred between levels in the hierarchy by re-assessing
categorisation (based on the lowest level input that is significant to the fair value measurement as a whole)
at the end of each reporting period.

g. Revenue from operations and Other income

Revenue from contracts with customers is recognised when control of the goods or services are
transferred to the customer at an amount that reflects the consideration to which the Company expects to
be entitled in exchange for those goods or services.
The Company recognises revenue when the control of goods being sold is transferred to the customer and
when there are no longer any unfulfilled obligations. The performance obligations in the contracts are
fulfilled based on various customer terms including at the time of delivery of goods, dispatch or upon
customer acceptance based on various distribution channels. The Company has generally concluded that it
is the principal in its revenue arrangements, because it typically controls the goods or services before
transferring them to the customer.

Revenue recognised from major activities is as below

a) Sale of products
Revenue from the sale of products is recognised at the point in time when control of the goods is
transferred to the customer and in case of export sales of goods, it takes place on dispatch of goods from
the customs port.
Revenue is measured based on the transaction price, which is the consideration, net of customer incentives,
discounts, variable considerations, payments made to customers, other similar charges, as specified in the
contract with the customer. Additionally, revenue excludes taxes collected from customers, which are
subsequently remitted to governmental authorities.

A contract liability is the obligation to transfer goods or services to a customer for which the Company has
received consideration from the customer. If a customer pays consideration before the Company transfers
goods or services to the customer, a contract liability is recognised when the payment is received.

b) Rendering of services
Revenue from a contract to provide services is recognised over the period of rendering of services in
accordance with terms of contract.

h. Other income

Interest income from a financial asset is recognised when it is probable that the economic benefits will flow
to the Company and the amount of income can be measured reliably. Interest income is accrued on a time
basis, by reference to the principal outstanding and at the effective interest rate applicable.

i. Income taxes

Income tax expense comprises current and deferred tax. It is recognised in profit or loss except to the extent
that it related to items recognised in other comprehensive income

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CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

a) Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from ‘profit before
tax’ as reported in the statement of profit and loss because of items of income or expense that are taxable or
deductible in other years and items that are never taxable or deductible. The Company’s current tax is
calculated accordance with the Income-tax Act, 1961, using tax rates that have been enacted or
substantively enacted by the end of the reporting period. Provision for income tax includes the impact of
provisions established for uncertain income tax positions.

Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid
to the taxation authorities. Current tax assets and liabilities are offset only if there is a legally enforceable
right to set off the recognized amounts, and it is intended to realize the asset and settle the liability on a net
basis or simultaneously.

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CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Current tax is recognised in the statement of profit and loss, except when it relates to items that are
recognised in other comprehensive income or directly in equity, in which case, the current tax is also
recognised in other comprehensive income or directly in equity respectively.

b) Deferred tax

Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities
in the financial statements and the corresponding tax bases used in the computation of taxable profit.
Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets
are recognised only to the extent that it is probable that the temporary differences will reverse in the
foreseeable future and taxable profit will be available against which the temporary differences can be
utilised. Such deferred tax assets and liabilities are not recognised if the temporary difference arises from
the initial recognition (other than in a business combination) of assets and liabilities in a transaction that
affects neither the taxable profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to
the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of
the asset to be recovered.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in
which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or
substantively enacted by the end of the reporting period. Deferred tax assets and deferred tax liabilities are
offset, if a legally enforceable right exists to set off current tax assets against current tax liabilities and the
deferred taxes relate to the same taxable entity and the same taxation authority.

Deferred tax is recognised in the statement of profit and loss, except when it relates to items that are
recognised in other comprehensive income or directly in equity, in which case, the deferred tax is also
recognised in other comprehensive income or directly in equity respectively.

j. Property, plant and equipment

Property, plant and equipment are stated at cost of acquisition or construction less accumulated
depreciation and accumulated impairment losses, if any.

Cost of acquisition or construction is inclusive of freight, duties, relevant taxes (other than those
subsequently recoverable from the tax authorities), incidental expenses and interest on loans attributable to
the acquisition of qualifying assets up to the date the asset is ready for its intended use. Such cost includes
the cost of replacing part of the plant and equipment and borrowing costs for qualifying assets up to the
date the asset is ready for its intended use.

Subsequent expenditure on property, plant and equipment after its purchase/completion is capitalised only
if such expenditure results in an increase in the future economic benefits from such asset beyond its
previously assessed standard of performance. All other repair and maintenance costs are recognised in the
statement of profit and loss as incurred.
Assets are classified to the appropriate categories of property, plant and equipment when completed and
ready for its intended use.

Gains or losses arising from derecognition of assets are measured as the difference between the net disposal
proceeds and the carrying amount of the asset and are recognized in the statement of profit and loss when
the asset is derecognized.

Depreciation
Depreciable amount for assets is the cost of an asset less its estimated residual value. Depreciation has been
provided on the cost of assets less their residual values using the straight- line method on the basis of
estimated useful life of the assets determined by the Company which are as specified in Schedule II to the
Companies Act, 2013.
The estimated useful life of the assets have been assessed based on taking into account the nature of the
asset the estimated usage of the asset, the operating conditions of the asset, past history of replacement and
maintenance support, etc. The estimated useful lives as assessed and considered for depreciation are
asunder:

Estimated

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CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Assets useful
life (in
years)

Plant &
15
Machinery

10 (2
years in
case of
Furniture
furniture
and
& fittings
fittings #
lying
with third
parties)

Office
5
Equipment

Vehicles 8

Computers
and 3-6
Servers

Depreciation on sale/deduction from fixed assets is provided for upto the date of sale/adjustment, as the
case may be.

An item of property, plant and equipment or any significant part initially recognised of such item of
property plant and equipment is derecognised upon disposal or when no future economic benefits are
expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the
difference between the net disposal proceeds and the carrying amount of the asset) is included in the
statement of profit and loss when the asset is derecognised.

The estimated useful lives and methods of depreciation of property, plant and equipment are reviewed at
end of each reporting period.

# In respect of furniture and fittings lying with third parties, based on internal assessment, the management
believes that the useful lives as given above best represent the period over which management expects to
use these assets. Hence the useful lives for these assets is different from the useful lives as prescribed under
Schedule II of the Act.

Transition to Ind AS
The cost of property, plant and equipment at 1 April 2022, the Company's date of tranisition to Ind AS, was
determind with reference to its carrying value recognised as per the previous
GAAP ( deemed cost) as at the date of transition to Ind AS.

k. Intangible assets

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CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

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

Intangible assets acquired separately are measured on initial recognition at cost. Following initial
recognition, intangible assets are carried at cost less any accumulated amortisation and accumulated
impairment losses, if any.

Intangible assets are amortised over their respective useful lives on a straight line basis from the date they
are available for use. The estimated useful life of an identifiable intangible assets is based on a number of
factors including the effects of obsolescence, demand, competition and other economic factors (such as the
stability of the industry and known technological advances) and the level of maintenance expenditures
required to obtain the expected future cash flows from the asset.

Intangible assets in nature of software is amortised over 3 years on a straight-line basis, which as per
management, reflects the economic useful life of these softwares.

The amortisation period and the amortisation method for an intangible asset are reviewed at the end of each
reporting period. Changes in the expected useful life or the expected pattern of consumption of future
economic benefits embodied in the asset are considered to modify the amortisation period or method, as
appropriate, and are treated as changes in accounting estimates.

An intangible asset is derecognised on disposal or when no future economic benefits are expected from use
or disposal. Gains or losses arising from derecognition of an intangible asset are measured as the difference
between the net disposal proceeds and the carrying amount of the asset and are recognised in the statement
of profit and loss when the asset is derecognised.

Transition to Ind AS
The cost of Intangible assets at 1 April 2022, the Company's date of tranisition to Ind AS, was determind
with reference to its carrying value recognised as per the previous GAAP (deemed cost) as at the date of
transition to Ind AS.

l. Leases

Company as a lessee:

The Company’s lease asset classes primarily consist of leases for office spaces, warehouses and
accomodation for its employees. The Company assesses whether a contract contains a lease, at inception of
a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an
identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the
right to control the use of an identified asset, the Company assesses whether:
(i) the contract involves the use of an identified asset
(ii) the Company has substantially all of the economic benefits from use of the asset through the period of
the lease and
(iii) the Company has the right to direct the use of the asset.

At the date of commencement of the lease, the Company recognizes a right-of-use asset (“ROU”) and a
corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a term
of twelve months or less (short-term leases) and low value leases. For these short term and low value lease,
the company recognizes the lease payments as an operating expense on a straight-line basis over the term
of the lease.

Certain lease arrangements includes the options to extend or terminate the lease before the end of the lease
term. ROU assets and lease liabilities includes these options when it is reasonably certain that they will be
exercised.

The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease
liability adjusted for any lease payments made at or prior to the commencement date of the lease plus any
initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated
depreciation and impairment losses.

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CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of
the lease term and useful life of the underlying asset. Right of use assets are evaluated for recoverability
whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable.
For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to
sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash
flows that are largely independent of those from other assets.

The lease liability is initially measured at amortized cost at the present value of the future minimum lease
payments. The minimum lease payments are discounted using the interest rate implicit in the lease or, if not
readily determinable, using the incremental borrowing rates in the country of domicile of these leases.
Lease liabilities are remeasured with a corresponding adjustment to the related right of use asset if the
Company changes its assessment if whether it will exercise an extension or a termination option.

The minimum lease payment comprises fixed payment less any lease incentives, variable lease payment
that depends on an index or a rate and exercise price of a purchase option if the company is reasonably
certain to exercise the option. Lease liability is subsequently measured by increase the carrying amount to
reflect interest on the lease liability, reducing the carrying amount to reflect the lease payment made and
remeasuring the carrying amount to reflect any reassessment or modification, if any. For all asset classes,
the Company has elected the lessee practical expedient to combine lease and non-lease components and
account for the combined unit as a single lease component in case there is no separate payment defined
under the contract.

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CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments
have been classified as financing cash flows.

m. Inventory

Inventories are valued at cost or net realisable value, whichever is lower. The basis of determining the cost
for various categories of inventory are as follows:

(a) Stock in trade and spares are valued at lower of cost and net realisable value.

Cost of inventories includes cost of purchase and other costs incurred in bringing the inventories to their
present location and condition. In determining the cost first in first out (FIFO) basis is used.

Net realisable value is the estimated selling price in the ordinary course of business, less estimated cost
necessary to make the sale. The comparison of cost and net realisable value is made on an item-by-item
basis.

(b) Obsolete, slow moving and defective stocks are identified on the basis of regular reviews by the
management and, where necessary, adequate provision is made for such stock.

(c) Goods in transit are valued at cost.

n. Impairment of assets

At the end of each reporting period, the Company reviews the carrying amounts of its tangible and
intangible assets to determine whether there is any indication that those assets have suffered an impairment
loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the
extent of the impairment loss (if any). When it is not possible to estimate the recoverable amount of an
individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the
asset belongs. When a reasonable and consistent basis of allocation can be identified, corporate assets are
also allocated to individual cash-generating units, or otherwise they are allocated to the smallest group of
cash-generating units for which a reasonable and consistent allocation basis can be identified.

Recoverable amount is the higher of fair value less costs of disposal and value in use. In assessing value in
use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that
reflects current market assessments of the time value of money and the risks specific to the asset for which
the estimates of future cash flows have not been adjusted. If the recoverable cash-generatin amount of an
asset (or unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or
cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately
in the statement of profit and loss.

When an impairment loss subsequently reverses, the carrying amount of the asset (or a cash- generating
unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying
amount does not exceed the carrying amount that would have been determined had no impairment loss
been recognised for the asset (or cash-generating unit) in prior years.

Such impairment and any subsequent reversal is recognized under the head “Depreciation and amortization
expense” in the statement of profit and loss.

o. Provisions and contingent liabilities

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CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Provisions:
The Company recognises a provision when there is a present obligation (legal or constructive) as a result of
past event and it is probable that the Company will be required to settle the obligation and a reliable
estimate can be made of the amount of the obligation. The amount recognised as a provision are not
discounted to its present value, and are determined based on the management’s best estimate of the amount
of consideration, taking into account the risks and uncertainties surrounding the obligation, required to
settle the present obligation at the end of the reporting period.

When some or all of the economic benefits required to settle a provision are expected to be recovered from
a third party, a receivable is recognised as an asset if it is virtually certain that reimbursements will be
received and the amount of receivable can be measured reliably.

Accruals for discounts/incentives and returns are required to be estimated (using the most likely method)
based on accumulated experience and underlying schemes and agreements with customers.

Provision for Warranties:

A provision is estimated for expected warranty claims in respect of products sold during the year on the
basis of past experience regarding failure trends of products and costs of rectification or replacement.
Management estimates the provision based on historical warranty claim information and any recent trends
that may suggest future claims could differ from historical amounts.
The Company periodically assesses and provides for the estimated liability on warranty given on sale of its
products based on past performance of such products.

Contingent liability:
A disclosure of a contingent liability is made when there is a possible obligation or a present obligation
that may, but probably will not, require an outflow of resources. Where there is a possible obligation or a
present obligation that the likelihood of outflow of resources is remote, no provision or disclosure is made.

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 the obligation or
a reliable estimate of the amount cannot be made.

Contingent assets are neither recognized nor disclosed in the financial statements.

p. Employee benefits

(a) Short term employee benefits

All employee benefits which are payable within twelve months of rendering the service are classified as
short-term employee benefits. Benefits such as salaries, wages and bonus etc. are recognized in the
Statement of Profit and Loss in the period in which the employee renders the related service.

(b) Defined contribution plans

Employees of the Company receive benefits under the provident fund, a defined contribution plan. The
employee and employer each make monthly contributions to the plan. The Company’s contribution paid/
payable under these schemes is recognized as an expense in the Statement of Profit and Loss during the
period in which the employee renders the related service.

(c) Compensated absences

Compensated absences which are not expected to occur within twelve months after the end of the period in
which the employee renders the related services. These are recognized and determined by actuarial
valuation (using the projected unit credit method) at the present value of the defined benefit obligation at
the balance sheet date. Actuarial gains and loss are recognised immediately in the Statement of Profit and
Loss.

(d) Defined benefit plans

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CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Charge for the year in respect of defined benefit plan in the form of gratuity has been ascertained based on
actuarial valuation carried out by an independent actuary (Projected Unit Credit Method), which recognises
each period of service as giving rise to additional unit of employee benefit entitlement and measures each
unit separately to build up the final obligation. The obligation is measured at the present value of the
estimated future cash flows. The discount rate used for determining the present value of the obligation
under defined benefit plans is based on the market yields on Government securities as at the valuation date
having maturity periods approximating to the terms of related obligations. Actuarial gains and losses are

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CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

recognised immediately in Other Comprehensive Income. Remeasurement recognised in other

comprehensive income is reflected in retained earnings and is not reclassified to the Statement of Profit and
Loss.

q. Financial instruments

A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability
or equity instrument of another entity.

Financial assets and financial liabilities are recognised when the Company becomes a party to the
contractual provisions of the instrument. Financial assets and liabilities are initially recognised at fair value
except trade receivables. Transaction costs that are directly attributable to financial assets and liabilities
[other than financial assets and liabilities measured at fair value through profit and loss (FVTPL)] are
added to or deducted from the fair value of the financial assets or liabilities, as appropriate on initial
recognition. Transaction costs directly attributable to acquisition of financial assets or liabilities measured
at FVTPL are recognised immediately in the statement of profit and loss.Trade receivables that do not
contain a significant financing component are recognised at transaction price in accordance with IND AS
115.

Financial assets
All regular way purchases or sales of financial assets are recognised and derecognised on a trade date
basis.However, trade receivables that do not contain a significant financing component are measured at
(i) transaction price. Regular way purchases or sales are purchases or sales of financial assets that require
delivery of assets within the time frame established by regulation or convention in market place. All
recognised financial assets are subsequently measured in their entirety at either amortised cost or fair value,
depending on the classification of financial assets.

(a) Classification of financial assets

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash in banks and short-term deposits with an
original maturity of three months or less, which are subject to an insignificant risk of changes in value.

Financial assets at amortised cost

Financial asset is measured at amortised cost if both of the following conditions are met:
a. the financial asset is held within a business model whose objective is to hold financial assets in order to
collect contractual cash flows and;
b. the contractual terms of the financial asset give rise on specified dates to cash flows that are solely
payments of principal and interest (SPPI) onthe principal amount outstanding.

After initial measurement, such financial assets are subsequently measured at amortized cost using the
effective interest rate (EIR) method.

Effective interest method: The effective interest method is a method of calculating the amortised cost of a
debt instrument and of allocating interest income over the relevant period. The effective interest rate that
exactly discounts estimated future cash receipts through the expected life of the debt instrument, or, where
appropriate, a shorter period, to the net carrying amount on initial recognition. Income is recognised on an
effective interest basis for debt instruments other than those financial assets. Interest income is recognised
in the statement of profit and loss and is included in the ‘Other income’ line item.

This category includes cash and other bank balances, trade receivables and other financial assets.

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CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Financial assets at Fair Value Through Other Comprehensive Income (FVTOCI)

A financial asset is classified and measured at fair value through OCI if both of the following criteria are
met:
i. The objective of the business model is achieved both by collecting contractual cash flows and selling the
financial assets, and
ii. The asset’s contractual cash flows represent solely payments of principal and interest.

Financial asset included within the OCI category are measured initially as well as at each reporting date at
fair value. Fair value movements are recognized in OCI. Interest income is recognized in statement of
profit and loss for debt instruments. On derecognition of the asset, cumulative gain or loss previously
recognized in OCI is reclassified from OCI to statement of profit and loss.

Financial assets at Fair Value Through Profit or loss (FVTPL)

Any financial asset, which does not meet the criteria for categorization at amortized cost or at fair value
through other comprehensive income, is classified at fair value through profit and loss. Financial assets
included at the fair value through profit and loss category are measured at fair value with all changes
recognized in the statement of profit and loss.

(b) Impairment of financial assets

The Company recognizes loss allowances using the expected credit loss (ECL) model for the financial
assets which are not fair valued through statement of profit or loss.

The Company has used a practical expedient by computing the expected credit loss allowance for trade
receivables based on a provision matrix. The provision matrix takes into account historical credit loss
experience and adjusted for forward- looking information. The expected credit loss allowance is based on
the ageing of the days the receivables are due and the rates as given in provision matrix and Company’s
historical experience for customers. Loss allowance for trade receivables with no significant financing
component is measured at an amount equal to life time ECL.

For all other financial assets, expected credit losses are measured at an amount equal to the 12-month ECL,
unless there has been a significant increase in credit risk from initial recognition in which case those are
measured at lifetime ECL. The amount of expected credit losses (or reversal) that is required to adjust the
loss allowance at the reporting date to the amount that is required to be recognised is recognized as an
impairment gain or loss in the statement of profit and loss.

(c) Derecognition of financial assets

A financial asset is derecognised only when:
- 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.

When the entity 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 entity 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. When 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.

(ii) Financial Liabilities

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CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

All financial liabilities are subsequently measured at amortised cost using the effective interest method or
at FVTPL as decribed below:

Financial liabilities at fair value through profit and loss (FVTPL)

Financial liabilities at FVTPL are stated at fair value, with any gains or losses arising on remeasurement
recognised in statement of profit and loss. The net gain or loss recognised in statement of profit and loss
incorporates any interest paid on the financial liability and is included in the ‘Other income’ or ‘Other
expenses’ line item.

Financial liabilities at amortised cost

The Company’s financial liabilities at amortized cost are initially recognized at net of transaction costs and
includes trade payables, lease liability and other financial liabilities. The carrying amounts of financial
liabilities that are subsequently measured at amortised cost are determined based on the effective interest
method. The effective interest method is a method of calculating the amortised cost of a financial liability
and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly
discounts estimated future cash payments through the expected life of the financial liability, or (where
appropriate) a shorter period, to the net carrying amount on initial recognition.

Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or
costs that are an integral part of the EIR. The EIR amortization is included as finance costs in the statement
of profit and loss.

Derecognition of financial liabilities The Company derecognises financial liabilities when, and only when,
the Company’s obligations are discharged, cancelled or have expired. An exchange between with a lender
of debt instruments with substantially different terms is accounted for as an extinguishment of the original
financial liability and the recognition of a new financial liability.

(iii) Offsetting of financial instruments

Financial assets and financial liabilities are offset and the net amount is reported in the balance sheet if
there is a currently enforceable legal right to offset the recognized amounts and there is an intention to
settle on a net basis to realize the assets and settle the liabilities 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.

r. Earnings per share

Basic earnings per share is calculated by dividing the net profit or loss for the year attributable to equity
shareholders by the weighted average number of equity shares outstanding during the period.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to
equity shareholders and the weighted average number of shares outstanding during the period are adjusted
for the effects of all dilutive potential equity shares. The number of shares used in computing diluted
earnings per share comprise of the weighted average shares considered for deriving basic earnings per
equity share and weighted average number of equity shares, if any, which would have been issued on the
conversion of all dilutive potential equity shares unless the impact is anti-dilutive. Dilutive potential equity
shares are deemed converted as of the beginning of the period unless issued at a later date.

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CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

s. Segment reporting

Operating segments are defined as components of an enterprise for which discrete financial information is
available that is evaluated regularly by the Chief Operating Decision Maker (CODM), in deciding how to
allocate resources and assessing performance.The CODM is considered to be the Board of Directors who
makes strategic decisions and is responsible for allocating resources and assessing performance of the
operating segments

The Copmpany has identified three segments namely "Calculators", "Electrical musical instruments" and
"Watches and clocks" as reportable segments based on the nature of the products, the risks and returns, the
organization structure and the internal financial reporting systems.
In accordance with reporting requirements of Ind AS - 108 on Segment Reporting. Label Printers and
Spares and others have been clubbed together as 'Others' as their revenue, segment result and segment
assets are less than 10% of total revenue, total result and total assets of the Company.

The accounting principles used in the preparation of the financial statements are consistently applied to
record revenue and expenditure in individual segments and are as set out in Note 2 on material accounting
policies. The accounting policies in relation to segment accounting are as under:

a) Segment assets and liabilities

Segment assets primarily represents all operating assets used by a segment and consists of Inventories
(Stock in trade) and Right to return assets. Segment Liabilities primarily represents amount payable to
holding company in respect of respective segments. All other assets and liabilities are not identified to any
reportable segments, since these are used interchangeably across segments and consequently, the
management believes that it is not practicable or meaningful to provide segment disclosures relating to
such other assets and liabilities.

b) Segment revenue

Segment revenue is directly attributable to the segment on the basis of specific identification. Segment
revenue does not include other income.

c) Segment expenses

Segment expenses comprises the expenses resulting from the operating of a segment that is directly
attributable to the segment or that can be allocated on a reasonable basis to the segment.
Allocable expenses includes certain employee benefits expense, Sales promotion and distribution expenses
and Freight and forwarding expenses. Unallocable expenses are not allocable to any segment and include
all other expenses other than allocable expenses.

3 Estimates, judgements and assumptions

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting
date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and
liabilities within the next financial year, are described below. The Company based its assumptions and
estimates on parameters available when the financial statements were prepared. Existing circumstances and
assumptions about future developments, however, may change due to market changes or circumstances
arising that are beyond the control of the Company. Such changes are reflected in the assumptions when
they occur

a) Defined benefit plans (gratuity benefit)

The cost of the defined benefit gratuity plan and the present value of the gratuity obligation are determined
using actuarial valuations. An actuarial valuation involves making various assumptions that may differ
from actual developments in the future. These include the determination of the discount rate; future salary

79
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

increases and mortality rates. Due to the complexities involved in the valuation and its long-term nature, a
defined benefit obligation is highly sensitive to changes in these assumptions. All assumptions are
reviewed annually. The parameter most subject to change is the discount rate. In determining the
appropriate discount rate for plans operated in India, the management considers the interest rates of
government bonds .The mortality rate are current best estimates of the expected mortality rates of plan

80
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

members, both during and after employment. Future salary increases and gratuity increases are based on
expected future inflation rates, seniority, promotion and other relevant factors, such as supply and demand
in the employment market

b) Useful life of assets of Property, Plant and Equipment

The charge in respect of periodic depreciation is derived after determining an estimate of an asset’s
expected life and the expected residual value at the end of its life. The useful lives and residual values of
Company's assets are determined by management at the time the asset is acquired and reviewed at each
financial year end.

c) Leases – Estimating the incremental borrowing rate

The Company evaluates if an arrangement qualifies to be a lease as per the requirements of Ind AS 116.
The Company determines the lease term as the non-cancellable period of a lease, together with both periods
covered by an option to extend the lease if the Company is reasonably certain to exercise that option; and
periods covered by an option to terminate the lease if the Company is reasonably certain not to exercise
that option. In assessing whether the Company is reasonably certain to exercise an option to extend a lease,
or not to exercise an option to terminate a lease, it considers all relevant facts and circumstances that create
an economic incentive for the Company to exercise the option to extend the lease, or not to exercise the
option to terminate the lease. The Company revises the lease term if there is a change in the
non-cancellable period of a lease. The discount rate is generally based on the incremental borrowing rate
specific to the lease being evaluated or for a portfolio of leases with similar characteristics.

d) Fair value measurement of financial instruments

When the fair values of financial assets and financial liabilities recorded in the balance sheet cannot be
measured based on quoted prices in active markets, their fair value is measured using valuation techniques
including the Discounted Cash Flow (DCF) model. The inputs to these models are taken from observable
markets where possible, but where this is not feasible, a degree of judgement is required in establishing fair
values. Judgements include considerations of inputs such as liquidity risk, credit risk and volatility.
Changes in assumptions about these factors could affect the reported fair value of financial instruments.

e) Taxes

The Company has recognised deferred tax assets on the deductible temporary differences since the
management is of the view that it is probable the deferred tax assets will be recoverable using the estimated
future taxable income based on the approved business plans & Budgets.Significant management judgement
is required to determine the amount of deferred tax assets that can be recognised, based upon the likely
timing and the level of future taxable profits together with future tax planning strategies.

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CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

f) Impairment of Non Financial assets

Impairment exists when the carrying value of an asset or cash generating unit exceeds its recoverable
amount, which is the higher of its fair value less costs of disposal and its value in use
The fair value less costs of disposal calculation is based on available data from binding sales transactions,
conducted at arm’s length, for similar assets or observable market prices less incremental costs for
disposing of the asset. The value in use calculation is based on a DCF model or other fair value valuation
models. In DCF model, the cash flows are derived from the budget for the next five years and do not
include restructuring activities that the Company is not yet committed to or significant future investments
that will enhance the asset’s performance of the CGU being tested. The recoverable amount is sensitive to
the discount rate used for the DCF model as well as the expected future cash-inflows and the growth rate
used for extrapolation purposes

g) Provisions & Contigencies

The Company estimates the provisions that have present obligations as a result of past events and it is
probable that outflow of resources will be required to settle the obligations. These provisions are reviewed
at the end of each reporting period and are adjusted to reflect the current best estimates. The Company uses
significant judgements to assess contingent liabilities. Contingent liabilities are recognised 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 futur 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 the obligation or a reliable estimate of the amount cannot be made.
Contingent assets are neither recognised nor disclosed in the financial statements.

h) Allowance for Trade Receivables

The Company uses expected credit loss model to assess the impairment loss or gain. The Company has
used a practical expedient by computing the expected credit loss allowance for trade receivables based on
a provision matrix. The provision matrix takes into account historical credit loss experience and adjusted
for forward- looking information. The expected credit loss allowance is based on the ageing of the days the
receivables are due and the rates as given in provision matrix and Company’s historical experience for
customers

i) Warranty

The estimated liability for product warranties is recorded when products are sold. These estimates are
established with respect to products sold during the year on the basis of past experience regarding failure
trends of products and costs of rectification or replacement. It is expected that most of this cost will be
incurred over the next one year as per the company warranty policy. Management estimates the expense
based on historical warranty claims information and any recent trends that may suggest future claims could
differ from historical amounts.

82
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

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

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Disclosure of corporate information notes and other explanatory information
[TextBlock]

Textual information (34)

Statement of Ind AS compliance [TextBlock] [See below]
Complied
Whether there is any departure from Ind AS No No
Whether there are reclassifications to comparative amounts No No
Description of reason why reclassification of comparative amounts is
NA NA
impracticable
Description of nature of necessary adjustments to provide comparative
NA NA
information
Textual information (35)
Disclosure of significant accounting policies [TextBlock] [See below]

Textual information (34)

Statement of Ind AS compliance [Text Block]

Statement of compliance

The financial statements of the Company have been prepared in accordance with the Indian Accounting Standards (referred to as
"Ind AS") prescribed under section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended,
and other accounting principles generally accepted in India.
All amounts disclosed in the financial statements and notes have been rounded off to the nearest Indian rupees ("INR") Lacs as per
the requirement of Schedule III, unless otherwise stated.

The Company’s financial statements up to and for the year ended 31 March 2023 were prepared in accordance with accounting
standards notified under the section 133 of the Companies Act 2013, read together with paragraph 7 of the Companies (Accounts)
Rules, 2014 and other relevant provisions of the Companies Act 2013 ('Previous GAAP').

As these are the Company’s first financial statements prepared in accordance with Indian Accounting Standards (Ind AS), Ind AS
101, First-time Adoption of Indian Accounting Standards has been applied. An explanation of how the transition to Ind AS has
affected the previously reported financial position, financial performance and cash flows of the Company is provided in Note 39.

The accounting policies, as set out in the following paragraphs of this note, have been consistently applied, to all the periods
presented in these financial statements except where a newly issued accounting standard is initially adopted or a revision to an
existing accounting standard requires a change in the accounting policy.

83
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (35)

Disclosure of significant accounting policies [Text Block]

1 Corporate Information

The financial statements were approved for issue in accordance with a resolution of the directors on
September 26, 2024.

2 Material Accounting Policies

a. Statement of compliance

b. Basis of preparation

84
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

treatment (refer accounting policy regarding financial instruments);

85
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

c. Use of estimates, judgements and assumptions

Estimates, judgements and assumptions are used for, but not limited to,

(i) Recognition of income and deferred taxes

(ii) Key actuarial assumptions for measurement of future obligations under employee benefit plans

(iii) Useful lives of property, plant and equipment

(iv) Impairment of Non- financial assets

(v) Identification of leases and measurement of lease liabilities and right of use assets

(vi) Provisions and contingent liabilities,

(vii) Allowance for uncollectible trade receivables

(viii) Warranty Provisions

(ix) Fair value measurement of financial instruments

d. Current and Non-current classification

86
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

e. Foreign currency and translation

The financial statements are presented in INR, which is also the Company’s functional currency.

f. Fair value measurement

a) In the principal market for the asset or liability, or

b) In the absence of a principal market, in the most advantageous market for the asset or liability

For assets and liabilities that are recognised in the financial statements on a recurring basis, the

87
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

g. Revenue from operations and Other income

Revenue recognised from major activities is as below

b) Rendering of services
Revenue from a contract to provide services is recognised over the period of rendering of services in
accordance with terms of contract.

h. Other income

i. Income taxes

Income tax expense comprises current and deferred tax. It is recognised in profit or loss except to the extent
that it related to items recognised in other comprehensive income

88
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

89
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

b) Deferred tax

j. Property, plant and equipment

Property, plant and equipment are stated at cost of acquisition or construction less accumulated
depreciation and accumulated impairment losses, if any.

Estimated

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CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Assets useful
life (in
years)

Plant &
15
Machinery

10 (2
years in
case of
Furniture
furniture
and
& fittings
fittings #
lying
with third
parties)

Office
5
Equipment

Vehicles 8

Computers
and 3-6
Servers

Depreciation on sale/deduction from fixed assets is provided for upto the date of sale/adjustment, as the
case may be.

The estimated useful lives and methods of depreciation of property, plant and equipment are reviewed at
end of each reporting period.

k. Intangible assets

91
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

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

Intangible assets in nature of software is amortised over 3 years on a straight-line basis, which as per
management, reflects the economic useful life of these softwares.

l. Leases

Company as a lessee:

92
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

93
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments
have been classified as financing cash flows.

m. Inventory

Inventories are valued at cost or net realisable value, whichever is lower. The basis of determining the cost
for various categories of inventory are as follows:

(a) Stock in trade and spares are valued at lower of cost and net realisable value.

(b) Obsolete, slow moving and defective stocks are identified on the basis of regular reviews by the
management and, where necessary, adequate provision is made for such stock.

(c) Goods in transit are valued at cost.

n. Impairment of assets

Such impairment and any subsequent reversal is recognized under the head “Depreciation and amortization
expense” in the statement of profit and loss.

o. Provisions and contingent liabilities

94
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Accruals for discounts/incentives and returns are required to be estimated (using the most likely method)
based on accumulated experience and underlying schemes and agreements with customers.

Provision for Warranties:

Contingent assets are neither recognized nor disclosed in the financial statements.

p. Employee benefits

(a) Short term employee benefits

(b) Defined contribution plans

(c) Compensated absences

(d) Defined benefit plans

95
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

96
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

recognised immediately in Other Comprehensive Income. Remeasurement recognised in other

comprehensive income is reflected in retained earnings and is not reclassified to the Statement of Profit and
Loss.

q. Financial instruments

A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability
or equity instrument of another entity.

(a) Classification of financial assets

Cash and cash equivalents

Financial assets at amortised cost

After initial measurement, such financial assets are subsequently measured at amortized cost using the
effective interest rate (EIR) method.

This category includes cash and other bank balances, trade receivables and other financial assets.

97
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Financial assets at Fair Value Through Other Comprehensive Income (FVTOCI)

Financial assets at Fair Value Through Profit or loss (FVTPL)

(b) Impairment of financial assets

The Company recognizes loss allowances using the expected credit loss (ECL) model for the financial
assets which are not fair valued through statement of profit or loss.

(c) Derecognition of financial assets

(ii) Financial Liabilities

98
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

All financial liabilities are subsequently measured at amortised cost using the effective interest method or
at FVTPL as decribed below:

Financial liabilities at fair value through profit and loss (FVTPL)

Financial liabilities at amortised cost

(iii) Offsetting of financial instruments

r. Earnings per share

Basic earnings per share is calculated by dividing the net profit or loss for the year attributable to equity
shareholders by the weighted average number of equity shares outstanding during the period.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to
equity shareholders and the weighted average number of shares outstanding during the period are adjusted
for the effects of all dilutive potential equity shares. The number of shares used in computing diluted
earnings per share comprise of the weighted average shares considered for deriving basic earnings per
equity share and weighted average number of equity shares, if any, which would have been issued on the
conversion of all dilutive potential equity shares unless the impact is anti-dilutive. Dilutive potential equity
shares are deemed converted as of the beginning of the period unless issued at a later date.

99
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

s. Segment reporting

a) Segment assets and liabilities

b) Segment revenue

Segment revenue is directly attributable to the segment on the basis of specific identification. Segment
revenue does not include other income.

c) Segment expenses

3 Estimates, judgements and assumptions

a) Defined benefit plans (gratuity benefit)

100
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

101
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

b) Useful life of assets of Property, Plant and Equipment

c) Leases – Estimating the incremental borrowing rate

d) Fair value measurement of financial instruments

e) Taxes

102
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

f) Impairment of Non Financial assets

g) Provisions & Contigencies

h) Allowance for Trade Receivables

i) Warranty

103
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[610300] Notes - Accounting policies, changes in accounting estimates and errors

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
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
No 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

[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 Lakhs of INR
Property, plant and equipment
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
[Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned and leased assets [Member]
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Refer to child
Refer to child member Refer to child member
equipment member member
Useful lives or depreciation rates, property, Refer to child Refer to child
Refer to child member Refer to child member
plant and equipment member member
Whether property, plant and equipment are
No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Textual information Textual information
Refer to child member
equipment member (36) [See below] (37) [See below]
Useful lives or depreciation rates, property, Refer to child
Refer to child member 15 15
plant and equipment member
Whether property, plant and equipment are
No No No No
stated at revalued amount

104
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of additional information about property plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Textual information Textual information
Refer to child member
equipment member (38) [See below] (39) [See below]
10 (2 years in case 10 (2 years in case of
Useful lives or depreciation rates, property, Refer to child of furniture & furniture & fittings
Refer to child member
plant and equipment member fittings lying with lying with third
third parties) parties)
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Vehicles [Member] Ships vessels [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned and leased assets [Member]
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Refer to child
Refer to child member Refer to child member
equipment member member
Useful lives or depreciation rates, property, Refer to child Refer to child
Refer to child member Refer to child member
plant and equipment member member
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 Lakhs of INR
Classes of property, plant and equipment [Axis] Ships vessels [Member] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Textual information Textual information Refer to child
Refer to child member
equipment (40) [See below] (41) [See below] member
Useful lives or depreciation rates, property, Refer to child
8 8 Refer to child member
plant and equipment member
Whether property, plant and equipment are
No No No No
stated at revalued amount

105
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of additional information about property plant and equipment [Table] ..(6)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Office equipment [Member] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Textual information Textual information Refer to child
Refer to child member
equipment (42) [See below] (43) [See below] member
Useful lives or depreciation rates, property, Refer to child
5 5 Refer to child member
plant and equipment member
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 Lakhs of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
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
Depreciation method, property, plant and equipment (44) [See below] (45) [See below]
Useful lives or depreciation rates, property, plant and equipment 3 to 6 years 3 to 6 years
Whether property, plant and equipment are stated at revalued amount No No

106
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs 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]
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
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 392.1 300.55 392.1
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-401.73 -284.3
loss
Total Depreciation property plant and
-401.73 -284.3
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
21.93 29.33 21.93
equipment
Total disposals and retirements,
21.93 29.33 21.93
property, plant and equipment
Total increase (decrease) in property,
-31.56 -13.08 370.17
plant and equipment
Property, plant and equipment at end of
633.87 665.43 678.51 1,319.9
period

107
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs 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]
01/04/2022 01/04/2023 01/04/2022
to 31/03/2022 to to
31/03/2023 31/03/2024 31/03/2023
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 300.55
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
401.73 284.3
loss
Total Depreciation property plant and
401.73 284.3
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
29.33 0 0
equipment
Total disposals and retirements,
29.33 0 0
property, plant and equipment
Total increase (decrease) in property,
271.22 401.73 284.3
plant and equipment
Property, plant and equipment at end of
949.73 678.51 686.03 284.3
period

108
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Property, plant and
Classes of property, plant and equipment [Axis] equipment Plant and equipment [Member]
[Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2023 01/04/2022
31/03/2022 to to 31/03/2022
31/03/2024 31/03/2023
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 3.1 10.75
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-15.87 -6.22
loss
Total Depreciation property plant and
-15.87 -6.22
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1.45 0.58
equipment
Total disposals and retirements,
1.45 0.58
property, plant and equipment
Total increase (decrease) in property,
-14.22 3.95
plant and equipment
Property, plant and equipment at end of
0 54.52 68.74 64.79
period

109
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
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 3.1 10.75
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
15.87
loss
Total Depreciation property plant and
15.87
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1.45 0.58 0
equipment
Total disposals and retirements,
1.45 0.58 0
property, plant and equipment
Total increase (decrease) in property,
1.65 10.17 15.87
plant and equipment
Property, plant and equipment at end of
76.61 74.96 64.79 22.09
period

110
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(5)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2022 01/04/2023 01/04/2022
to 31/03/2022 to to
31/03/2023 31/03/2024 31/03/2023
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 3.1 10.75
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
6.22 -15.87 -6.22
loss
Total Depreciation property plant and
6.22 -15.87 -6.22
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 1.45 0.58
equipment
Total disposals and retirements,
0 1.45 0.58
property, plant and equipment
Total increase (decrease) in property,
6.22 -14.22 3.95
plant and equipment
Property, plant and equipment at end of
6.22 0 54.52 68.74
period

Disclosure of detailed information about property, plant and equipment [Table] ..(6)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] 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]
01/04/2023 01/04/2022
31/03/2022 to to 31/03/2022
31/03/2024 31/03/2023
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 3.1 10.75
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1.45 0.58
equipment
Total disposals and retirements,
1.45 0.58
property, plant and equipment
Total increase (decrease) in property,
1.65 10.17
plant and equipment
Property, plant and equipment at end of
64.79 76.61 74.96 64.79
period

111
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(7)
Unless otherwise specified, all monetary values are in Lakhs of INR
Factory equipments
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
[Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
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 3.1
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
15.87 6.22 -15.87
loss
Total Depreciation property plant and
15.87 6.22 -15.87
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 1.45
equipment
Total disposals and retirements,
0 0 1.45
property, plant and equipment
Total increase (decrease) in property,
15.87 6.22 -14.22
plant and equipment
Property, plant and equipment at end of
22.09 6.22 0 54.52
period

112
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(8)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2022 01/04/2023 01/04/2022
to 31/03/2022 to to
31/03/2023 31/03/2024 31/03/2023
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 10.75 3.1 10.75
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-6.22
loss
Total Depreciation property plant and
-6.22
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0.58 1.45 0.58
equipment
Total disposals and retirements,
0.58 1.45 0.58
property, plant and equipment
Total increase (decrease) in property,
3.95 1.65 10.17
plant and equipment
Property, plant and equipment at end of
68.74 64.79 76.61 74.96
period

113
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(9)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2023 01/04/2022
31/03/2022 to to 31/03/2022
31/03/2024 31/03/2023
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
15.87 6.22
loss
Total Depreciation property plant and
15.87 6.22
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment
Total disposals and retirements,
0 0
property, plant and equipment
Total increase (decrease) in property,
15.87 6.22
plant and equipment
Property, plant and equipment at end of
64.79 22.09 6.22 0
period

114
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(10)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [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]
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
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 3.1 10.75 3.1
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-15.87 -6.22
loss
Total Depreciation property plant and
-15.87 -6.22
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1.45 0.58 1.45
equipment
Total disposals and retirements,
1.45 0.58 1.45
property, plant and equipment
Total increase (decrease) in property,
-14.22 3.95 1.65
plant and equipment
Property, plant and equipment at end of
54.52 68.74 64.79 76.61
period

115
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(11)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [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]
01/04/2022 01/04/2023 01/04/2022
to 31/03/2022 to to
31/03/2023 31/03/2024 31/03/2023
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 10.75
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
15.87 6.22
loss
Total Depreciation property plant and
15.87 6.22
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0.58 0 0
equipment
Total disposals and retirements,
0.58 0 0
property, plant and equipment
Total increase (decrease) in property,
10.17 15.87 6.22
plant and equipment
Property, plant and equipment at end of
74.96 64.79 22.09 6.22
period

116
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(12)
Unless otherwise specified, all monetary values are in Lakhs of INR
Factory equipments
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2023 01/04/2022
31/03/2022 to to 31/03/2022
31/03/2024 31/03/2023
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 283.85 189.23
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-289.85 -187.7
loss
Total Depreciation property plant and
-289.85 -187.7
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
16.69 2.44
equipment
Total disposals and retirements,
16.69 2.44
property, plant and equipment
Total increase (decrease) in property,
-22.69 -0.91
plant and equipment
Property, plant and equipment at end of
0 337.5 360.19 361.1
period

117
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(13)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
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 283.85 189.23
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
289.85
loss
Total Depreciation property plant and
289.85
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
16.69 2.44 0
equipment
Total disposals and retirements,
16.69 2.44 0
property, plant and equipment
Total increase (decrease) in property,
267.16 186.79 289.85
plant and equipment
Property, plant and equipment at end of
815.05 547.89 361.1 477.55
period

118
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(14)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2022 01/04/2023 01/04/2022
to 31/03/2022 to to
31/03/2023 31/03/2024 31/03/2023
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 283.85 189.23
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
187.7 -289.85 -187.7
loss
Total Depreciation property plant and
187.7 -289.85 -187.7
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 16.69 2.44
equipment
Total disposals and retirements,
0 16.69 2.44
property, plant and equipment
Total increase (decrease) in property,
187.7 -22.69 -0.91
plant and equipment
Property, plant and equipment at end of
187.7 0 337.5 360.19
period

Disclosure of detailed information about property, plant and equipment [Table] ..(15)
Unless otherwise specified, all monetary values are in Lakhs 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 Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2023 01/04/2022
31/03/2022 to to 31/03/2022
31/03/2024 31/03/2023
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 283.85 189.23
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
16.69 2.44
equipment
Total disposals and retirements,
16.69 2.44
property, plant and equipment
Total increase (decrease) in property,
267.16 186.79
plant and equipment
Property, plant and equipment at end of
361.1 815.05 547.89 361.1
period

119
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(16)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member] Vehicles [Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
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 48.07
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
289.85 187.7 -14.07
loss
Total Depreciation property plant and
289.85 187.7 -14.07
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Total disposals and retirements,
0 0 0
property, plant and equipment
Total increase (decrease) in property,
289.85 187.7 34
plant and equipment
Property, plant and equipment at end of
477.55 187.7 0 88.55
period

120
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(17)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2022 01/04/2023 01/04/2022
to 31/03/2022 to to
31/03/2023 31/03/2024 31/03/2023
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 47.56 48.07 47.56
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-9.65
loss
Total Depreciation property plant and
-9.65
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
24.21 0 24.21
equipment
Total disposals and retirements,
24.21 0 24.21
property, plant and equipment
Total increase (decrease) in property,
13.7 48.07 23.35
plant and equipment
Property, plant and equipment at end of
54.55 40.85 112.27 64.2
period

121
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(18)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2023 01/04/2022
31/03/2022 to to 31/03/2022
31/03/2024 31/03/2023
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
14.07 9.65
loss
Total Depreciation property plant and
14.07 9.65
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment
Total disposals and retirements,
0 0
property, plant and equipment
Total increase (decrease) in property,
14.07 9.65
plant and equipment
Property, plant and equipment at end of
40.85 23.72 9.65 0
period

122
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(19)
Unless otherwise specified, all monetary values are in Lakhs 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]
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
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 48.07 47.56 48.07
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-14.07 -9.65
loss
Total Depreciation property plant and
-14.07 -9.65
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 24.21 0
equipment
Total disposals and retirements,
0 24.21 0
property, plant and equipment
Total increase (decrease) in property,
34 13.7 48.07
plant and equipment
Property, plant and equipment at end of
88.55 54.55 40.85 112.27
period

123
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(20)
Unless otherwise specified, all monetary values are in Lakhs 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]
01/04/2022 01/04/2023 01/04/2022
to 31/03/2022 to to
31/03/2023 31/03/2024 31/03/2023
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 47.56
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
14.07 9.65
loss
Total Depreciation property plant and
14.07 9.65
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
24.21 0 0
equipment
Total disposals and retirements,
24.21 0 0
property, plant and equipment
Total increase (decrease) in property,
23.35 14.07 9.65
plant and equipment
Property, plant and equipment at end of
64.2 40.85 23.72 9.65
period

124
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(21)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Vehicles [Member] Ships vessels [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2023 01/04/2022
31/03/2022 to to 31/03/2022
31/03/2024 31/03/2023
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 48.07 47.56
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-14.07 -9.65
loss
Total Depreciation property plant and
-14.07 -9.65
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 24.21
equipment
Total disposals and retirements,
0 24.21
property, plant and equipment
Total increase (decrease) in property,
34 13.7
plant and equipment
Property, plant and equipment at end of
0 88.55 54.55 40.85
period

125
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(22)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Ships vessels [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
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 48.07 47.56
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
14.07
loss
Total Depreciation property plant and
14.07
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 24.21 0
equipment
Total disposals and retirements,
0 24.21 0
property, plant and equipment
Total increase (decrease) in property,
48.07 23.35 14.07
plant and equipment
Property, plant and equipment at end of
112.27 64.2 40.85 23.72
period

126
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(23)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Ships vessels [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2022 01/04/2023 01/04/2022
to 31/03/2022 to to
31/03/2023 31/03/2024 31/03/2023
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 48.07 47.56
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
9.65 -14.07 -9.65
loss
Total Depreciation property plant and
9.65 -14.07 -9.65
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 24.21
equipment
Total disposals and retirements,
0 0 24.21
property, plant and equipment
Total increase (decrease) in property,
9.65 34 13.7
plant and equipment
Property, plant and equipment at end of
9.65 0 88.55 54.55
period

Disclosure of detailed information about property, plant and equipment [Table] ..(24)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Ships vessels [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]
01/04/2023 01/04/2022
31/03/2022 to to 31/03/2022
31/03/2024 31/03/2023
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 48.07 47.56
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 24.21
equipment
Total disposals and retirements,
0 24.21
property, plant and equipment
Total increase (decrease) in property,
48.07 23.35
plant and equipment
Property, plant and equipment at end of
40.85 112.27 64.2 40.85
period

127
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(25)
Unless otherwise specified, all monetary values are in Lakhs of INR
Office equipment
Classes of property, plant and equipment [Axis] Ships vessels [Member]
[Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
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 5.62
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
14.07 9.65 -36.61
loss
Total Depreciation property plant and
14.07 9.65 -36.61
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 2.5
equipment
Total disposals and retirements,
0 0 2.5
property, plant and equipment
Total increase (decrease) in property,
14.07 9.65 -33.49
plant and equipment
Property, plant and equipment at end of
23.72 9.65 0 66.14
period

128
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(26)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2022 01/04/2023 01/04/2022
to 31/03/2022 to to
31/03/2023 31/03/2024 31/03/2023
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 18.05 5.62 18.05
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-42.37
loss
Total Depreciation property plant and
-42.37
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0.87 2.5 0.87
equipment
Total disposals and retirements,
0.87 2.5 0.87
property, plant and equipment
Total increase (decrease) in property,
-25.19 3.12 17.18
plant and equipment
Property, plant and equipment at end of
99.63 124.82 145.12 142
period

129
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(27)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Office 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
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2023 01/04/2022
31/03/2022 to to 31/03/2022
31/03/2024 31/03/2023
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
36.61 42.37
loss
Total Depreciation property plant and
36.61 42.37
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment
Total disposals and retirements,
0 0
property, plant and equipment
Total increase (decrease) in property,
36.61 42.37
plant and equipment
Property, plant and equipment at end of
124.82 78.98 42.37 0
period

130
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(28)
Unless otherwise specified, all monetary values are in Lakhs 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 Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
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 5.62 18.05 5.62
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-36.61 -42.37
loss
Total Depreciation property plant and
-36.61 -42.37
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
2.5 0.87 2.5
equipment
Total disposals and retirements,
2.5 0.87 2.5
property, plant and equipment
Total increase (decrease) in property,
-33.49 -25.19 3.12
plant and equipment
Property, plant and equipment at end of
66.14 99.63 124.82 145.12
period

131
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(29)
Unless otherwise specified, all monetary values are in Lakhs 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 Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2022 01/04/2023 01/04/2022
to 31/03/2022 to to
31/03/2023 31/03/2024 31/03/2023
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 18.05
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
36.61 42.37
loss
Total Depreciation property plant and
36.61 42.37
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0.87 0 0
equipment
Total disposals and retirements,
0.87 0 0
property, plant and equipment
Total increase (decrease) in property,
17.18 36.61 42.37
plant and equipment
Property, plant and equipment at end of
142 124.82 78.98 42.37
period

132
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(30)
Unless otherwise specified, all monetary values are in Lakhs of INR
Office equipment
Classes of property, plant and equipment [Axis] Computer equipments [Member]
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2023 01/04/2022
31/03/2022 to to 31/03/2022
31/03/2024 31/03/2023
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 51.46 34.96
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-45.33 -38.36
loss
Total Depreciation property plant and
-45.33 -38.36
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1.29 1.23
equipment
Total disposals and retirements,
1.29 1.23
property, plant and equipment
Total increase (decrease) in property,
4.84 -4.63
plant and equipment
Property, plant and equipment at end of
0 87.16 82.32 86.95
period

133
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(31)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
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 51.46 34.96
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
45.33
loss
Total Depreciation property plant and
45.33
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1.29 1.23 0
equipment
Total disposals and retirements,
1.29 1.23 0
property, plant and equipment
Total increase (decrease) in property,
50.17 33.73 45.33
plant and equipment
Property, plant and equipment at end of
170.85 120.68 86.95 83.69
period

134
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(32)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2022 01/04/2023 01/04/2022
to 31/03/2022 to to
31/03/2023 31/03/2024 31/03/2023
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 51.46 34.96
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
38.36 -45.33 -38.36
loss
Total Depreciation property plant and
38.36 -45.33 -38.36
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1.29 1.23
equipment
Total disposals and retirements,
1.29 1.23
property, plant and equipment
Total increase (decrease) in property,
38.36 4.84 -4.63
plant and equipment
Property, plant and equipment at end of
38.36 0 87.16 82.32
period

Disclosure of detailed information about property, plant and equipment [Table] ..(33)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Computer equipments [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]
01/04/2023 01/04/2022
31/03/2022 to to 31/03/2022
31/03/2024 31/03/2023
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 51.46 34.96
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1.29 1.23
equipment
Total disposals and retirements,
1.29 1.23
property, plant and equipment
Total increase (decrease) in property,
50.17 33.73
plant and equipment
Property, plant and equipment at end of
86.95 170.85 120.68 86.95
period

135
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about property, plant and equipment [Table] ..(34)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
01/04/2023 01/04/2022
to to 31/03/2022
31/03/2024 31/03/2023
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 loss 45.33 38.36
Total Depreciation property plant and equipment 45.33 38.36
Disposals and retirements, property, plant and equipment
[Abstract]
Disposals, property, plant and equipment 0
Total disposals and retirements, property, plant and
0
equipment
Total increase (decrease) in property, plant and equipment 45.33 38.36
Property, plant and equipment at end of period 83.69 38.36 0

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

01/04/2023
to
31/03/2024
Textual information (46)
Disclosure of property, plant and equipment [TextBlock] [See below]
Disclosure of detailed information about property, plant and equipment
[TextBlock]

Textual information (36)

Depreciation method, property, plant and equipment

Depreciable amount for assets is the cost of an asset less its estimated residual value. Depreciation has been provided on the cost of assets less
their residual values using the straight- line method on the basis of estimated useful life of the assets determined by the Company which are as
specified in Schedule II to the Companies Act, 2013

Textual information (37)

Depreciation method, property, plant and equipment

Textual information (38)

Depreciation method, property, plant and equipment

136
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (39)

Depreciation method, property, plant and equipment

Textual information (40)

Depreciation method, property, plant and equipment

Textual information (41)

Depreciation method, property, plant and equipment

Textual information (42)

Depreciation method, property, plant and equipment

Textual information (43)

Depreciation method, property, plant and equipment

Textual information (44)

Depreciation method, property, plant and equipment

Textual information (45)

Depreciation method, property, plant and equipment

137
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (46)

Disclosure of property, plant and equipment [Text Block]

Property, plant and equipment

Property, plant and equipment are stated at cost of acquisition or construction less accumulated depreciation
and accumulated impairment losses, if any.

Cost of acquisition or construction is inclusive of freight, duties, relevant taxes (other than those subsequently
recoverable from the tax authorities), incidental expenses and interest on loans attributable to the acquisition of
qualifying assets up to the date the asset is ready for its intended use. Such cost includes the cost of replacing
part of the plant and equipment and borrowing costs for qualifying assets up to the date the asset is ready for its
intended use.

Subsequent expenditure on property, plant and equipment after its purchase/completion is capitalised only if
such expenditure results in an increase in the future economic benefits from such asset beyond its previously
assessed standard of performance. All other repair and maintenance costs are recognised in the statement of
profit and loss as incurred.
Assets are classified to the appropriate categories of property, plant and equipment when completed and ready
for its intended use.

Depreciation
Depreciable amount for assets is the cost of an asset less its estimated residual value. Depreciation has been
provided on the cost of assets less their residual values using the straight- line method on the basis of estimated
useful life of the assets determined by the Company which are as specified in Schedule II to the Companies
Act, 2013.
The estimated useful life of the assets have been assessed based on taking into account the nature of the asset
the estimated usage of the asset, the operating conditions of the asset, past history of replacement and
maintenance support, etc. The estimated useful lives as assessed and considered for depreciation are asunder:

Estimated
useful life
Assets
(in years)

Plant &
15
Machinery

10 (2
years in
case of
Furniture
furniture
and
& fittings
fittings #
lying with
third
parties)

Office
5
Equipment

Vehicles 8

138
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Computers
and 3-6
Servers

Depreciation on sale/deduction from fixed assets is provided for upto the date of sale/adjustment, as the case
may be.

An item of property, plant and equipment or any significant part initially recognised of such item of property
plant and equipment is derecognised upon disposal or when no future economic benefits are expected from its
use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the
net disposal proceeds and the carrying amount of the asset) is included in the statement of profit and loss when
the asset is derecognised.

The estimated useful lives and methods of depreciation of property, plant and equipment are reviewed at end of
each reporting period.

# In respect of furniture and fittings lying with third parties, based on internal assessment, the management
believes that the useful lives as given above best represent the period over which management expects to use
these assets. Hence the useful lives for these assets is different from the useful lives as prescribed under
Schedule II of the Act.

Property,
4 plant and
equipment

Plant and
Machinery

Plant and Furniture and

Particulars Office equipment* Vehicles Computers Total
machinery* fittings*

Gross
Plant and
1,00,000 carrying Building Office equipment Furniture and fixtures
Machinery
amount

As at April

139
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

01, 2022
(deemed 64.79 361.10 124.82 40.85 86.95 678.5
cost)*

Additions
during the 300.5
10.75 189.23 18.05 47.56 34.96
year

Disposals
during the (29.33
(0.58) (2.44) (0.87) (24.21) (1.23)
year

As at March
74.96 547.89 142.00 120.68 949.7
31, 2023 64.20

Additions
during the
3.10 283.85 5.62 48.07 51.46 392.10
year

Disposals
-
during the -1.45 -16.69 -2.50 -1.29 -21.93
year

As at March
76.61 815.05 145.12 170.85 1,319.9
31, 2024 112.27

Accumulated
depreciation

As at April - - - - - -
01, 2022

Charge for
the year 6.22 187.70 42.37 9.65 38.36 284.30

As at March
6.22 187.70 42.37 38.36 284.3
31, 2023 9.65

Charge for
the year 15.87 289.85 36.61 14.07 45.33 401.73

As at March
22.09 477.55 78.98 83.69 686.0
31, 2024 23.72

140
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Net carrying
amount

As at April
01, 2022
64.79 361.10 124.82 86.95 678.5
(deemed 40.85
cost)*

As at March
68.74 360.19 99.63 82.32 665.4
31, 2023 54.55

As at March
54.52 337.50 66.14 87.16 633.8
31, 2024 88.55

*Cost as at
April 01,
2022 is
calculated as
shown before
:

Plant and Furniture and

Particulars Office equipment* Vehicles Computers Total
machinery* fittings*

Gross
carrying
amount as
122.30 3,923.82 451.37 90.67 407.52 4,995.6
per previous
GAAP

Accumulated
depreciation
till March 31, (57.51) (3,562.72) (326.55) (49.82) (320.57) (4,317.17
2022

Deemed cost
64.79 361.10 124.82 86.95 678.5
40.85

a) The

141
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Company has
not revalued
any of its

142
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

property,
plant and
equipment.

b) On
transition to
Ind AS, the
Company has
elected to
continue with
the carrying
value of all of
its property,
plant and
equipment
recognised as
at April 1,
2022
measured as
per the
previous
Indian GAAP
and use that
carrying
value as the
deemed cost
of the
property,
plant and
equipment.

* Includes
fixed assets
lying with
third parties
as mentioned
below:

As at 31 March
Description As at 31 March 2023 As at 1 April, 2022
2024

Net block Net block Net block

Plant and
machinery 0.81 8.14 9.50

Furniture and
fittings 309.13 333.53 332.35

Office
equipment 7.57 19.80 29.62

143
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Total 317.51 361.47 371.47

[612100] Notes - Impairment of assets

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Textual information (47)
Disclosure of impairment of assets [TextBlock] [See below]
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

Textual information (47)

Disclosure of impairment of assets [Text Block]

Impairment of assets

At the end of each reporting period, the Company reviews the carrying amounts of its tangible and intangible assets to determine whether there
is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is
estimated in order to determine the extent of the impairment loss (if any). When it is not possible to estimate the recoverable amount of an
individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. When a reasonable and
consistent basis of allocation can be identified, corporate assets are also allocated to individual cash-generating units, or otherwise they are
allocated to the smallest group of cash-generating units for which a reasonable and consistent allocation basis can be identified.

Recoverable amount is the higher of fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows
are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the
risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable cash-generatin amount of an
asset (or unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its
recoverable amount. An impairment loss is recognised immediately in the statement of profit and loss.

When an impairment loss subsequently reverses, the carrying amount of the asset (or a cash- generating unit) is increased to the revised estimate
of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had
no impairment loss been recognised for the asset (or cash-generating unit) in prior years.

Such impairment and any subsequent reversal is recognized under the head “Depreciation and amortization expense” in the statement of profit
and loss.

144
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[400700] Notes - Investment property

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Disclosure of investment property [TextBlock]
Depreciation method, investment property, cost model NA NA
Useful lives or depreciation rates, investment property, cost model NA NA

[400900] Notes - Other intangible assets

Disclosure of detailed information about other intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs 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]
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
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
277.79 1,721.66 277.79
combinations
Acquisitions through business combinations 0 0 0
Increase (decrease) through net exchange
0 0 0
differences
Amortisation other intangible assets -445.6 -395.53
Revaluation increase (decrease), 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 12.02 20.25 29.45
Retirements 0 0 0
Total Disposals and retirements,
12.02 20.25 29.45
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
-179.83 1,305.88 248.34
intangible assets
Other intangible assets at end of period (A) 2,071.01 2,250.84 944.96 2,882.72

145
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Footnotes
(A) Intangible assets : 31.16 Right-of-use assets : 2039.85

Disclosure of detailed information about other intangible assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs 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]
01/04/2022 01/04/2023 01/04/2022
to 31/03/2022 to to
31/03/2023 31/03/2024 31/03/2023
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
1,721.66
combinations
Acquisitions through business combinations 0
Increase (decrease) through net exchange
0
differences
Amortisation other intangible assets 445.6 395.53
Revaluation increase (decrease), other
0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0
transfers, other intangible assets
Increase (decrease) through other
0
changes
Total increase (decrease) through
transfers and other changes, Other 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 32.24 17.43 11.99
Retirements 0
Total Disposals and retirements,
32.24 17.43 11.99
Other intangible assets
Decrease through classified as held for
0
sale
Decrease through loss of control of
0
subsidiary
Total increase (decrease) in Other
1,689.42 428.17 383.54
intangible assets
Other intangible assets at end of period 2,634.38 944.96 811.71 383.54

146
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about other intangible assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Company other
Classes of other intangible assets [Axis] intangible assets Computer software [Member]
[Member]
Internally
generated and
other than
Internally generated and other than internally generated
Sub classes of other intangible assets [Axis] internally
intangible assets [Member]
generated
intangible assets
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and gross amortization and
Carrying amount [Member]
carrying amount [Axis] impairment
[Member]
01/04/2023 01/04/2022
31/03/2022 to to 31/03/2022
31/03/2024 31/03/2023
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
10.9 10.53
combinations
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange
0 0
differences
Amortisation other intangible assets -13.89 -9.46
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 0.01 0
Retirements 0 0
Total Disposals and retirements,
0.01 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
-3 1.07
intangible assets
Other intangible assets at end of period 0 31.16 34.16 33.09

147
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about other intangible assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and gross amortization and
Gross carrying amount [Member]
carrying amount [Axis] impairment
[Member]
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
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
10.9 10.53
combinations
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange
0 0
differences
Amortisation other intangible assets 13.89
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 0.01 0
Retirements 0 0
Total Disposals and retirements,
0.01 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
10.89 10.53 13.89
intangible assets
Other intangible assets at end of period 54.51 43.62 33.09 23.35

148
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about other intangible assets [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Internally generated and other than
Internally generated intangible assets
Sub classes of other intangible assets [Axis] internally generated intangible assets
[Member]
[Member]
Carrying amount accumulated amortization and impairment and gross Accumulated amortization and
Carrying amount [Member]
carrying amount [Axis] impairment [Member]
01/04/2022 01/04/2023 01/04/2022
to 31/03/2022 to to
31/03/2023 31/03/2024 31/03/2023
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
10.9 10.53
combinations
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange
0 0
differences
Amortisation other intangible assets 9.46 -13.89 -9.46
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 0.01 0
Retirements 0 0
Total Disposals and retirements,
0.01 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
9.46 -3 1.07
intangible assets
Other intangible assets at end of period 9.46 0 31.16 34.16

149
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about other intangible assets [Table] ..(6)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and gross Carrying amount
Gross carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2023 01/04/2022
31/03/2022 to to 31/03/2022
31/03/2024 31/03/2023
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
10.9 10.53
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 0.01 0
Retirements 0 0
Total Disposals and retirements,
0.01 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
10.89 10.53
intangible assets
Other intangible assets at end of period 33.09 54.51 43.62 33.09

150
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about other intangible assets [Table] ..(7)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other intangible
Classes of other intangible assets [Axis] Computer software [Member]
assets [Member]
Internally
generated and
other than
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member] internally
generated
intangible assets
[Member]
Carrying amount accumulated amortization and impairment and gross Carrying amount
Accumulated amortization and impairment [Member]
carrying amount [Axis] [Member]
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
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
266.89
combinations
Acquisitions through business combinations 0
Increase (decrease) through net exchange
0
differences
Amortisation other intangible assets 13.89 9.46 -431.71
Revaluation increase (decrease), other
0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0
transfers, other intangible assets
Increase (decrease) through other
0
changes
Total increase (decrease) through
transfers and other changes, Other 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 12.01
Retirements 0
Total Disposals and retirements,
12.01
Other intangible assets
Decrease through classified as held for
0
sale
Decrease through loss of control of
0
subsidiary
Total increase (decrease) in Other
13.89 9.46 -176.83
intangible assets
Other intangible assets at end of period 23.35 9.46 0 2,039.85

151
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about other intangible assets [Table] ..(8)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] 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
Carrying amount [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2022 01/04/2023 01/04/2022
to 31/03/2022 to to
31/03/2023 31/03/2024 31/03/2023
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
1,711.13 266.89 1,711.13
combinations
Acquisitions through business combinations 0 0 0
Increase (decrease) through net exchange
0 0 0
differences
Amortisation other intangible assets -386.07
Revaluation increase (decrease), 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 20.25 29.44 32.24
Retirements 0 0 0
Total Disposals and retirements,
20.25 29.44 32.24
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
1,304.81 237.45 1,678.89
intangible assets
Other intangible assets at end of period 2,216.68 911.87 2,828.21 2,590.76

152
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about other intangible assets [Table] ..(9)

153
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about other intangible assets [Table] ..(10)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Other intangible assets [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and gross Gross carrying
Carrying amount [Member]
carrying amount [Axis] amount [Member]
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
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
266.89 1,711.13 266.89
combinations
Acquisitions through business combinations 0 0 0
Increase (decrease) through net exchange
0 0 0
differences
Amortisation other intangible assets -431.71 -386.07
Revaluation increase (decrease), 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 12.01 20.25 29.44
Retirements 0 0 0
Total Disposals and retirements,
12.01 20.25 29.44
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
-176.83 1,304.81 237.45
intangible assets
Other intangible assets at end of period 2,039.85 2,216.68 911.87 2,828.21

154
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about other intangible assets [Table] ..(11)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Other intangible assets [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and gross Accumulated amortization and
Gross carrying amount [Member]
carrying amount [Axis] impairment [Member]
01/04/2022 01/04/2023 01/04/2022
to 31/03/2022 to to
31/03/2023 31/03/2024 31/03/2023
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
1,711.13
combinations
Acquisitions through business combinations 0
Increase (decrease) through net exchange
0
differences
Amortisation other intangible assets 431.71 386.07
Revaluation increase (decrease), other
0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0
transfers, other intangible assets
Increase (decrease) through other
0
changes
Total increase (decrease) through
transfers and other changes, Other 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 32.24 17.43 11.99
Retirements 0
Total Disposals and retirements,
32.24 17.43 11.99
Other intangible assets
Decrease through classified as held for
0
sale
Decrease through loss of control of
0
subsidiary
Total increase (decrease) in Other
1,678.89 414.28 374.08
intangible assets
Other intangible assets at end of period 2,590.76 911.87 788.36 374.08

155
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about other intangible assets [Table] ..(12)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other intangible
Classes of other intangible assets [Axis] Other intangible assets, others [Member]
assets [Member]
Internally
generated Internally generated and other than internally generated
Sub classes of other intangible assets [Axis]
intangible assets intangible assets [Member]
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and gross amortization and
Carrying amount [Member]
carrying amount [Axis] impairment
[Member]
01/04/2023 01/04/2022
31/03/2022 to to 31/03/2022
31/03/2024 31/03/2023
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Nature of other intangible assets others Refer to child member Refer to child member
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
266.89 1,711.13
combinations
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange
0 0
differences
Amortisation other intangible assets -431.71 -386.07
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 12.01 20.25
Retirements 0 0
Total Disposals and retirements,
12.01 20.25
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
-176.83 1,304.81
intangible assets
Other intangible assets at end of period 0 2,039.85 2,216.68 911.87

156
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about other intangible assets [Table] ..(13)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and gross amortization and
Gross carrying amount [Member]
carrying amount [Axis] impairment
[Member]
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Refer to child
Nature of other intangible assets others Refer to child member Refer to child member
member
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
266.89 1,711.13
combinations
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange
0 0
differences
Amortisation other intangible assets 431.71
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 29.44 32.24 17.43
Retirements 0 0
Total Disposals and retirements,
29.44 32.24 17.43
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
237.45 1,678.89 414.28
intangible assets
Other intangible assets at end of period 2,828.21 2,590.76 911.87 788.36

157
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about other intangible assets [Table] ..(14)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Internally generated and other than
Internally generated intangible assets
Sub classes of other intangible assets [Axis] internally generated intangible assets
[Member]
[Member]
Carrying amount accumulated amortization and impairment and gross Accumulated amortization and
Carrying amount [Member]
carrying amount [Axis] impairment [Member]
01/04/2022 01/04/2023 01/04/2022
to 31/03/2022 to to
31/03/2023 31/03/2024 31/03/2023
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Nature of other intangible assets others Refer to child member Right-of-use assets Right-of-use assets
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
266.89 1,711.13
combinations
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange
0 0
differences
Amortisation other intangible assets 386.07 -431.71 -386.07
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 11.99 12.01 20.25
Retirements 0 0
Total Disposals and retirements,
11.99 12.01 20.25
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
374.08 -176.83 1,304.81
intangible assets
Other intangible assets at end of period 374.08 0 2,039.85 2,216.68

158
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about other intangible assets [Table] ..(15)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and gross Carrying amount
Gross carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2023 01/04/2022
31/03/2022 to to 31/03/2022
31/03/2024 31/03/2023
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Nature of other intangible assets others Right-of-use assets Right-of-use assets
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
266.89 1,711.13
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 29.44 32.24
Retirements 0 0
Total Disposals and retirements,
29.44 32.24
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
237.45 1,678.89
intangible assets
Other intangible assets at end of period 911.87 2,828.21 2,590.76 911.87

159
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of detailed information about other intangible assets [Table] ..(16)

Disclosure of additional information about other intangible assets [Table] ..(1)

Disclosure of additional information about other intangible assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Other intangible assets [Member] Other intangible assets, others [Member]
Internally generated and other than Internally generated and other than
Sub classes of other intangible assets [Axis] internally generated intangible assets internally generated intangible assets
[Member] [Member]
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Disclosure of additional information about other
intangible assets [Abstract]
Disclosure of additional information about
other intangible assets [Line items]
Refer to child Refer to child
Amortisation method, other intangible assets member
Refer to child member
member
Refer to child member

Useful lives or amortisation rates, other Refer to child Refer to child

Refer to child member Refer to child member
intangible assets member member
Whether other intangible assets are stated at
No No No No
revalued amount

160
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of additional information about other intangible assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Disclosure of additional information about other intangible assets [Abstract]
Disclosure of additional information about other intangible assets [Line items]
Textual information Textual information
Amortisation method, other intangible assets (48) [See below] (49) [See below]
Twelve months or
Twelve months or less
less (short-term
Useful lives or amortisation rates, other intangible assets leases) and low
(short-term leases)
and low value leases
value leases
Whether other intangible assets are stated at revalued amount No No

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

01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Textual information (50)
Disclosure of other intangible assets [TextBlock] [See below]
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 (48)

Amortisation method, other intangible assets

At the date of commencement of the lease, the Company recognizes a right-of-use asset (“ROU”) and a corresponding lease liability for all lease
arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low value leases. For these
short term and low value lease, the company recognizes the lease payments as an operating expense on a straight-line basis over the term of the
lease.

Textual information (49)

Amortisation method, other intangible assets

At the date of commencement of the lease, the Company recognizes a right-of-use asset (“ROU”) and a corresponding lease liability for all lease
arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low value leases. For these
short term and low value lease, the company recognizes the lease payments as an operating expense on a straight-line basis over the term of the
lease.

161
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (50)

Disclosure of other intangible assets [Text Block]

Intangible assets

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

Intangible assets acquired separately are measured on initial recognition at cost. Following initial recognition, intangible assets are carried at cost
less any accumulated amortisation and accumulated impairment losses, if any.

Intangible assets are amortised over their respective useful lives on a straight line basis from the date they are available for use. The estimated
useful life of an identifiable intangible assets is based on a number of factors including the effects of obsolescence, demand, competition and
other economic factors (such as the stability of the industry and known technological advances) and the level of maintenance expenditures
required to obtain the expected future cash flows from the asset.

Intangible assets in nature of software is amortised over 3 years on a straight-line basis, which as per management, reflects the economic useful
life of these softwares.

The amortisation period and the amortisation method for an intangible asset are reviewed at the end of each reporting period. Changes in the
expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are considered to modify the
amortisation period or method, as appropriate, and are treated as changes in accounting estimates.

An intangible asset is derecognised on disposal or when no future economic benefits are expected from use or disposal. Gains or losses arising
from derecognition of an intangible asset are measured as the difference between the net disposal proceeds and the carrying amount of the asset
and are recognised in the statement of profit and loss when the asset is derecognised.

Transition to Ind AS
The cost of Intangible assets at 1 April 2022, the Company's date of tranisition to Ind AS, was determind with reference to its carrying value
recognised as per the previous GAAP (deemed cost) as at the date of transition to Ind AS.

5 Intangible assets

Particulars Computer Software Total

Gross carrying amount

As at April 01, 2022 (deemed cost)*

33.09 33.09

Additions during the year

10.53 10.53

162
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

As at March 31, 2023 43.62 43.62

Additions during the year

10.90 10.90

Disposal during the year

-0.01 -0.01

As at March 31, 2024 54.51 54.51

Accumulated amortisation

- -
As at April 01, 2022

Charge for the year

9.46 9.46

As at March 31, 2023 9.46 9.46

. Charge for the year

13.89 13.89

As at March 31, 2024 23.35 23.35

Net carrying amount

As at April 01, 2022 (deemed cost)* 33.09 33.09

As at March 31, 2023 34.16 34.16

As at March 31, 2024 31.16 31.16

*Cost as at April 01, 2022 is calculated as shown before :

163
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Particulars Total
Computer Software

Gross carrying amount as per previous GAAP

198.79 198.79

Accumulated amortisation
(165.70) (165.70)

Deemed cost 33.09 33.09

Note:

a) The Company has not revalued any of its intangible assets.

b) On transition to Ind AS, the Company has elected to continue with the carrying value of all of
its intangible assets recognised as at April 1, 2022 measured as per the previous Indian GAAP and
use that carrying value as the deemed cost of the intangible assets.

[401000] Notes - Biological assets other than bearer plants

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
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

164
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[611100] Notes - Financial instruments

Disclosure of financial assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Financial assets at amortised cost, class
Classes of financial assets [Axis] Trade receivables [Member]
[Member]
Categories of financial assets [Axis] Financial assets, category [Member] Financial assets, category [Member]
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 32,174.73 27,239.36 9,720.88 7,554.8
Financial assets, at fair value 32,174.73 27,239.36 9,720.88 7,554.8
Description of other financial assets at Refer to child Refer to child
Refer to child member Refer to child member
amortised cost class member member
Description of other financial assets at fair Refer to child Refer to child
Refer to child member Refer to child member
value class member member

Disclosure of financial assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other financial assets at amortised cost
Classes of financial assets [Axis] Trade receivables [Member]
class [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 9,720.88 7,554.8 22,453.85 19,684.56
Financial assets, at fair value 9,720.88 7,554.8 22,453.85 19,684.56
Description of other financial assets at Refer to child
Trade receivables Trade receivables Refer to child member
amortised cost class member
Description of other financial assets at fair Refer to child
Trade receivables Trade receivables Refer to child member
value class member

Disclosure of financial assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Other financial assets at amortised cost class 1 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 22,168.28 19,252.95 22,168.28 19,252.95
Financial assets, at fair value 22,168.28 19,252.95 22,168.28 19,252.95
Description of other financial assets at Refer to child Cash and cash Cash and cash
Refer to child member
amortised cost class member equivalents equivalents
Description of other financial assets at fair Refer to child Cash and cash Cash and cash
Refer to child member
value class member equivalents equivalents

165
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of financial assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Other financial assets at amortised cost class 2 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1.88 184.96 1.88 184.96
Financial assets, at fair value 1.88 184.96 1.88 184.96
Description of other financial assets at Refer to child
Refer to child member Other bank balances Other bank balances
amortised cost class member
Description of other financial assets at fair Refer to child
Refer to child member Other bank balances Other bank balances
value class member

Disclosure of financial assets [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Other financial assets at amortised cost class 3 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 283.69 246.65 283.69 246.65
Financial assets, at fair value 283.69 246.65 283.69 246.65
Description of other financial assets at Refer to child
Refer to child member Other financial asset Other financial asset
amortised cost class member
Description of other financial assets at fair Refer to child
Refer to child member Other financial asset Other financial asset
value class member

Disclosure of financial liabilities [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial liabilities [Axis] Financial liabilities at amortised cost, class [Member]
Financial liabilities at fair value through
Categories of financial liabilities [Axis] Financial liabilities, category [Member]
profit or loss, category [Member]
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Disclosure of financial liabilities [Abstract]
Disclosure of financial liabilities [Line items]
Financial liabilities 8,308.83 8,578.5 8,308.83 8,578.5
Financial liabilities, at fair value 8,308.83 8,578.5 8,308.83 8,578.5

Disclosure of financial liabilities [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Financial liabilities at amortised cost,
Classes of financial liabilities [Axis]
class [Member]
Financial liabilities at fair value through
profit or loss, designated upon initial
Categories of financial liabilities [Axis]
recognition or subsequently, category
[Member]
31/03/2024 31/03/2023
Disclosure of financial liabilities [Abstract]
Disclosure of financial liabilities [Line items]
Financial liabilities 8,308.83 8,578.5
Financial liabilities, at fair value 8,308.83 8,578.5

166
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

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

01/04/2023
to
31/03/2024
Textual information (51)
Disclosure of financial instruments [TextBlock] [See below]
Disclosure of financial assets [TextBlock]
Disclosure of financial assets [Abstract]
Disclosure of financial liabilities [TextBlock]
Disclosure of financial liabilities [Abstract]
Disclosure of credit risk [TextBlock]
Disclosure of reconciliation of changes in loss allowance and
explanation of changes in gross carrying amount for financial
instruments [TextBlock]
Disclosure of reconciliation of changes in loss allowance
and explanation of changes in gross carrying amount for
financial instruments [Abstract]
Disclosure of credit risk exposure [TextBlock]
Disclosure of credit risk exposure [Abstract]
Disclosure of provision matrix [TextBlock]
Disclosure of provision matrix [Abstract]
Disclosure of financial instruments by type of interest rate [TextBlock]
Disclosure of financial instruments by type of interest rate [Abstract]

167
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (51)

Disclosure of financial instruments [Text Block]

Financial instruments

A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of
another entity.

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the
instrument. Financial assets and liabilities are initially recognised at fair value except trade receivables. Transaction costs that are
directly attributable to financial assets and liabilities [other than financial assets and liabilities measured at fair value through profit
and loss (FVTPL)] are added to or deducted from the fair value of the financial assets or liabilities, as appropriate on initial
recognition. Transaction costs directly attributable to acquisition of financial assets or liabilities measured at FVTPL are recognised
immediately in the statement of profit and loss.Trade receivables that do not contain a significant financing component are
recognised at transaction price in accordance with IND AS 115.

Financial assets
All regular way purchases or sales of financial assets are recognised and derecognised on a trade date basis.However, trade
receivables that do not contain a significant financing component are measured at transaction price. Regular way purchases or sales
are purchases or sales of financial assets that require delivery of assets within the time frame established by regulation or
convention in market place. All recognised financial assets are subsequently measured in their entirety at either amortised cost or
fair value, depending on the classification of financial assets.

(a) Classification of financial assets

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash in banks and short-term deposits with an original maturity of three
months or less, which are subject to an insignificant risk of changes in value.

Financial assets at amortised cost

Financial asset is measured at amortised cost if both of the following conditions are met:
a. the financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash
flows and;
b. the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and
interest (SPPI) onthe principal amount outstanding.

After initial measurement, such financial assets are subsequently measured at amortized cost using the effective interest rate (EIR)
method.

Effective interest method: The effective interest method is a method of calculating the amortised cost of a debt instrument and of
allocating interest income over the relevant period. The effective interest rate that exactly discounts estimated future cash receipts
through the expected life of the debt instrument, or, where appropriate, a shorter period, to the net carrying amount on initial
recognition. Income is recognised on an effective interest basis for debt instruments other than those financial assets. Interest
income is recognised in the statement of profit and loss and is included in the ‘Other income’ line item.

This category includes cash and other bank balances, trade receivables and other financial assets.

168
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Financial assets at Fair Value Through Other Comprehensive Income (FVTOCI)

A financial asset is classified and measured at fair value through OCI if both of the following criteria are met:
i. The objective of the business model is achieved both by collecting contractual cash flows and selling the financial assets, and
ii. The asset’s contractual cash flows represent solely payments of principal and interest.

Financial asset included within the OCI category are measured initially as well as at each reporting date at fair value. Fair value
movements are recognized in OCI. Interest income is recognized in statement of profit and loss for debt instruments. On
derecognition of the asset, cumulative gain or loss previously recognized in OCI is reclassified from OCI to statement of profit and
loss.

Financial assets at Fair Value Through Profit or loss (FVTPL)

Any financial asset, which does not meet the criteria for categorization at amortized cost or at fair value through other
comprehensive income, is classified at fair value through profit and loss. Financial assets included at the fair value through profit
and loss category are measured at fair value with all changes recognized in the statement of profit and loss.

(b) Impairment of financial assets

The Company recognizes loss allowances using the expected credit loss (ECL) model for the financial assets which are not fair
valued through statement of profit or loss.

The Company has used a practical expedient by computing the expected credit loss allowance for trade receivables based on a
provision matrix. The provision matrix takes into account historical credit loss experience and adjusted for forward- looking
information. The expected credit loss allowance is based on the ageing of the days the receivables are due and the rates as given in
provision matrix and Company’s historical experience for customers. Loss allowance for trade receivables with no significant
financing component is measured at an amount equal to life time ECL.

For all other financial assets, expected credit losses are measured at an amount equal to the 12-month ECL, unless there has been a
significant increase in credit risk from initial recognition in which case those are measured at lifetime ECL. The amount of
expected credit losses (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to
be recognised is recognized as an impairment gain or loss in the statement of profit and loss.

(c) Derecognition of financial assets

A financial asset is derecognised only when:
- 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.

When the entity 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 entity 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. When 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.

Financial Liabilities

All financial liabilities are subsequently measured at amortised cost using the effective interest method or at FVTPL as decribed
below:

Financial liabilities at fair value through profit and loss (FVTPL)

169
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Financial liabilities at FVTPL are stated at fair value, with any gains or losses arising on remeasurement recognised in statement of
profit and loss. The net gain or loss recognised in statement of profit and loss incorporates any interest paid on the financial liability
and is included in the ‘Other income’ or ‘Other expenses’ line item.

Financial liabilities at amortised cost

The Company’s financial liabilities at amortized cost are initially recognized at net of transaction costs and includes trade payables,
lease liability and other financial liabilities. The carrying amounts of financial liabilities that are subsequently measured at
amortised cost are determined based on the effective interest method. The effective interest method is a method of calculating the
amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the
rate that exactly discounts estimated future cash payments through the expected life of the financial liability, or (where appropriate)
a shorter period, to the net carrying amount on initial recognition.

Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral
part of the EIR. The EIR amortization is included as finance costs in the statement of profit and loss.

Derecognition of financial liabilities

The Company derecognises financial liabilities when, and only when, the Company’s obligations are discharged, cancelled or have
expired. An exchange between with a lender of debt instruments with substantially different terms is accounted for as an
extinguishment of the original financial liability and the recognition of a new financial liability.

Offsetting of financial instruments

Financial assets and financial liabilities are offset and the net amount is reported in the balance sheet if there is a currently
enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis to realize the assets and
settle the liabilities 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.

Carrying
value of
Financial
34
assets and
Financial
liabilities

Set out
below, is the
carrying
amounts of
the
Company's
financial
instruments:

Particulars Carrying value Fair value

As at
As at March March As at March 31,
As at April 1, 2022 As at March 31, 2023 As at April 1, 2022
31, 2024 31, 2024
2023

170
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Financial
assets

(at amortised
cost)

Trade
receivables 9,720.88 7,554.80 6,397.86 9,720.88 7,554.80 6,397.

Cash and
cash
22,168.28 19,252.95 13,764.62 22,168.28 19,252.95 13,764
equivalents

Other bank
balances 1.88 184.96 240.07 1.88 184.96 240.

Other
financial
283.69 246.65 375.05 283.69 246.65 375.
asset

32,174.73 27,239.36 20,777.60 32,174.73 27,239.36 20,777

Financial
liabilities

(at amortised
cost)

Lease
liability 2,151.51 2,241.29 914.36 2,151.51 2,241.29 914.

Trade
payables 6,025.15 6,309.03 6,157.65 6,025.15 6,309.03 6,157.

Other
financial
132.17 28.18 65.11 132.17 28.18 65.
liabilities

8,308.83 8,578.50 7,137.12 8,308.83 8,578.50 7,137

171
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Fair value
hierarchy

The fair value

of the
financial
asset and
liabilities are
included at
the amount at
which the
instrument
could be
exchanged in
a current
transaction
between
willing
parties, other
than in a
forced or
liquidation
sale.

The
following
table provides
the fair value
measurment
hierarchy of
the
Company's
asset and
liabilities,
grouped into
Level 1 to
Level 3 as
described
below:-

Level 1:
Quoted
(unadjusted)
market prices
in active
markets for
identical
assets or
liabilities.

Level 2:
Inputs are
other than
quoted prices
included
within Level
1 that are
observable

172
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

for the asset

or liability,
either directly
(i.e. as prices)

173
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

or indirectly
(i.e. derived
from prices).

Level 3:
Inputs are not
based on
observable
market data
(unobservable
inputs). Fair
values are
determined in
whole or in
part using a
valuation
model based
on
assumptions
that are
neither
supported by
prices from
observable
current
market
transactions
in the same
instrument
nor are they
based on
available
market data.

Measurement
of fair values

Valuation
techniques
used to
determine fair
value

174
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

the amount
that would be
received to
sell an asset
or paid to
transfer a
liability in an
orderly
transaction
between
market
participants at

175
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

the
measurement
date.

Specific
valuation
technique
used to value
financial
instruments
includes:
>the use of
quoted
market prices
or dealer
quotes for
similar
financial
instruments.
>the fair
value of
financial
assets and
liabilities at
amortized
cost is
determined
using
discounted
cash flow
analysis.

The
following
method and
assumptions
are used to
estimate fair
values

The carrying
amount of
Trade
receivables,
other bank
balances,
cash and cash
equivalents,
trade
payables, and
other
financial
liabilities are
considered to
be their fair
value due to
their
short-term
nature.

176
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[611600] Notes - Non-current asset held for sale and discontinued operations
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022 01/04/2021
to to to
31/03/2024 31/03/2023 31/03/2022
Disclosure of non-current assets held for sale and discontinued operations
[TextBlock]
Net cash flows from (used in) operating activities, continuing
2,270.7 5,342.31 0
operations
Net cash flows from (used in) operating activities, discontinued
0 0 0
operations
Net cash flows from (used in) operating activities 2,270.7 5,342.31
Net cash flows from (used in) investing activities, continuing
1,148.26 584.7 0
operations
Net cash flows from (used in) investing activities, discontinued
0 0 0
operations
Net cash flows from (used in) investing activities 1,148.26 584.7
Net cash flows from (used in) financing activities, continuing
-503.63 -438.68 0
operations
Net cash flows from (used in) financing activities, discontinued
0 0 0
operations
Net cash flows from (used in) financing activities -503.63 -438.68

[400100] Notes - Equity share capital

Disclosure of shareholding more than five per cent in company [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Name of shareholder [Member] Shareholder 1 [Member]
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Type of share Equity shares Equity shares 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 shares Equity shares Equity Equity
Refer to child Casio Computer Casio Computer
Name of shareholder member
Refer to child member
Company Limited Company Limited
Country of incorporation or residence of
JAPAN JAPAN
shareholder
Number of shares held in company [shares] 2,99,99,999 [shares] 2,99,99,999 [shares] 2,99,99,999 [shares] 2,99,99,999
Percentage of shareholding in company 99.00% 99.00% 99.00% 99.00%

177
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of classes of equity share capital [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Equity shares 1
Classes of equity share capital [Axis] Equity shares [Member]
[Member]
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line
items]
Type of share Equity shares
Number of shares authorised [shares] 3,00,00,000 [shares] 3,00,00,000 [shares] 0 [shares] 3,00,00,000
Value of shares authorised 3,000 3,000 0 3,000
Number of shares issued [shares] 3,00,00,000 [shares] 3,00,00,000 [shares] 0 [shares] 3,00,00,000
Value of shares issued 3,000 3,000 0 3,000
Number of shares subscribed and fully paid [shares] 3,00,00,000 [shares] 3,00,00,000 [shares] 0 [shares] 3,00,00,000
Value of shares subscribed and fully paid 3,000 3,000 0 3,000
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0 0
Total number of shares subscribed [shares] 3,00,00,000 [shares] 3,00,00,000 [shares] 0 [shares] 3,00,00,000
Total value of shares subscribed 3,000 3,000 0 3,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 3,00,00,000 [shares] 3,00,00,000 [shares] 0 [shares] 3,00,00,000
Value of shares called 3,000 3,000 0 3,000
Value of shares paid-up 3,000 3,000 0 3,000
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 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued in private
placement arising out of conversion of
[shares] 0 [shares] 0 [shares] 0 [shares] 0
debentures preference shares during
period
Number of shares issued in other private
[shares] 0 [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 [shares] 0
debentures preference shares during
period
Number of shares issued as other
[shares] 0 [shares] 0 [shares] 0 [shares] 0
preferential allotment
Number of shares issued in shares based
[shares] 0 [shares] 0 [shares] 0 [shares] 0
payment transactions
Number of shares issued under scheme of
[shares] 0 [shares] 0 [shares] 0 [shares] 0
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee
[shares] 0 [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 [shares] 0
securities
Total aggregate number of shares issued
[shares] 0 [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] 0
shares
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0

178
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Total decrease in number of shares during

[shares] 0 [shares] 0 [shares] 0 [shares] 0
period
Total increase (decrease) in number of
[shares] 0 [shares] 0 [shares] 0 [shares] 0
shares outstanding
Number of shares outstanding at end of period [shares] 3,00,00,000 [shares] 3,00,00,000 [shares] 3,00,00,000 [shares] 3,00,00,000
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 0
Amount of bonus issue during period 0 0 0 0
Amount of rights issue during period 0 0 0 0
Amount of private placement issue
arising out of conversion of debentures 0 0 0 0
preference shares during period
Amount of other private placement issue
0 0 0 0
during period
Amount of preferential allotment issue
arising out of conversion of debentures 0 0 0 0
preference shares during period
Amount of other preferential allotment
0 0 0 0
issue during period
Amount of share based payment
0 0 0 0
transactions during period
Amount of issue under scheme of
0 0 0 0
amalgamation during period
Amount of other issues during period 0 0 0 0
Amount of shares issued under employee
0 0 0 0
stock option plan
Amount of other issue arising out of
conversion of securities during 0 0 0 0
period
Total aggregate amount of increase
0 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 0
or shares bought back
Other decrease in amount of shares 0 0 0 0
Total decrease in equity share capital
0 0 0 0
during period
Total increase (decrease) in share capital 0 0 0 0
Equity share capital at end of period 3,000 3,000 3,000 3,000
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] 2,99,99,999 [shares] 2,99,99,999 [shares] 0 [shares] 2,99,99,999
Total shares in company held by holding company
or ultimate holding company or by its [shares] 2,99,99,999 [shares] 2,99,99,999 [shares] 0 [shares] 2,99,99,999
subsidiaries or associates
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]
Total application money received for
allotment of securities and due for refund 0 0 0 0
and interest accrued thereon
Type of share Equity shares

179
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of classes of equity share capital [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
01/04/2022
to 31/03/2022
31/03/2023
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Type of share Equity shares
Number of shares authorised [shares] 3,00,00,000
Value of shares authorised 3,000
Number of shares issued [shares] 3,00,00,000
Value of shares issued 3,000
Number of shares subscribed and fully paid [shares] 3,00,00,000
Value of shares subscribed and fully paid 3,000
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] 3,00,00,000
Total value of shares subscribed 3,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 3,00,00,000
Value of shares called 3,000
Value of shares paid-up 3,000
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] 3,00,00,000 [shares] 3,00,00,000
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
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

180
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

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 3,000 3,000
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] 2,99,99,999
Total shares in company held by holding company or ultimate holding company
[shares] 2,99,99,999
or by its subsidiaries or associates
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]
Total application money received for allotment of securities and due for
0
refund and interest accrued thereon
Type of share Equity shares

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

01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
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 reduction in capital done during year No No
Whether money raised from public offering during year No No

[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 Lakhs of INR
Allowance for
Temporary difference, unused tax losses and unused tax credits [Axis] Temporary differences [Member] credit losses
[Member]
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
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 1,383.2 1,462.39 1,265.35 1,383.2
Deferred tax liabilities 513.4 557.89 229.5 513.4
Net deferred tax liability (assets) -869.8 -904.5 -1,035.85 -869.8
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
34.7 131.35 0 34.7
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)
34.7 131.35 0 34.7
recognised in profit or loss
Total increase (decrease) in deferred
34.7 131.35 0 34.7
tax liability (assets)
Deferred tax liability (assets) at end of
-869.8 -904.5 -1,035.85 -869.8
period

181
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Temporary difference, unused tax losses and unused tax credits [Axis] Allowance for credit losses [Member]
01/04/2022
to 31/03/2022
31/03/2023
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 1,462.39 1,265.35
Deferred tax liabilities 557.89 229.5
Net deferred tax liability (assets) -904.5 -1,035.85
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income) recognised in profit or loss 131.35 0
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 131.35 0
Total increase (decrease) in deferred tax liability (assets) 131.35 0
Deferred tax liability (assets) at end of period -904.5 -1,035.85

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

01/04/2023 01/04/2022 01/04/2021
to to to
31/03/2024 31/03/2023 31/03/2022
Textual information (52)
Disclosure of income tax [TextBlock] [See below]
Major components of tax expense (income) [Abstract]
Current tax expense (income) and adjustments for current tax of prior
periods [Abstract]
Current tax expense (income) 1,981.44 3,027.83 0
Total current tax expense (income) and adjustments for current tax
1,981.44 3,027.83 0
of prior periods
Adjustments for deferred tax of prior periods 33.63 111.98 0
Total tax expense (income) 2,015.07 3,139.81 0
Income tax relating to components of other comprehensive income [Abstract]
Income tax relating to remeasurements of defined benefit plans of
1.07 19.37
other comprehensive income
Total aggregated income tax relating to components of other
1.07 19.37
comprehensive income
Disclosure of temporary difference, unused tax losses and unused tax
credits [TextBlock]
Disclosure of temporary difference, unused tax losses and unused tax
credits [Abstract]
Deferred tax assets and liabilities [Abstract]
Deferred tax expense (income) [Abstract]
Reconciliation of changes in deferred tax liability (assets)
[Abstract]
Changes in deferred tax liability (assets) [Abstract]
Reconciliation of accounting profit multiplied by applicable tax rates
[Abstract]
Accounting profit 7,802.69 11,913.96 0
Tax expense (income) at applicable tax rate 2,015.07 3,139.81 0
Total tax expense (income) 2,015.07 3,139.81 0
Reconciliation of average effective tax rate and applicable tax rate
[Abstract]
Accounting profit 7,802.69 11,913.96 0

182
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (52)

Disclosure of income tax [Text Block]

Income taxes

Income tax expense comprises current and deferred tax. It is recognised in profit or loss except to the extent that it related to items
recognised in other comprehensive income

a) Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from ‘profit before tax’ as reported in the
statement of profit and loss because of items of income or expense that are taxable or deductible in other years and items that are
never taxable or deductible. The Company’s current tax is calculated accordance with the Income-tax Act, 1961, using tax rates that
have been enacted or substantively enacted by the end of the reporting period. Provision for income tax includes the impact of
provisions established for uncertain income tax positions.

Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation
authorities. Current tax assets and liabilities are offset only if there is a legally enforceable right to set off the recognized amounts,
and it is intended to realize the asset and settle the liability on a net basis or simultaneously.

Current tax is recognised in the statement of profit and loss, except when it relates to items that are recognised in other
comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or
directly in equity respectively.

b) Deferred tax

Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities in the financial
statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally
recognised for all taxable temporary differences. Deferred tax assets are recognised only to the extent that it is probable that the
temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary
differences can be utilised. Such deferred tax assets and liabilities are not recognised if the temporary difference arises from the
initial recognition (other than in a business combination) of assets and liabilities in a transaction that affects neither the taxable
profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no
longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is
settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the
reporting period. Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax
assets against current tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority.

Deferred tax is recognised in the statement of profit and loss, except when it relates to items that are recognised in other
comprehensive income or directly in equity, in which case, the deferred tax is also recognised in other comprehensive income or
directly in equity respectively.

11 Other tax asset (net)

183
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

As at As at
Particualars March 31, March 31, As at
2024 2023 April 01, 2022

Non-current tax Advance income tax (net of provisions for tax of Rs. 7,895.58 (March 31,
asset (net) 2023 : Rs. 5,914.14; April 1, 2022 : Rs. 5,914.14) 946.38 695.97 695.97

946.38 695.97 695.97

18 Current tax liabilities (net)

As at As at As at
Particulars
March 31, 2024 March 31, 2023 April 01, 2022

Provision Provision for tax (net of advance tax of Rs. 7,118.34 ( March 31,
for tax 2023: Rs. 7,118.34; April 1, 2022 Rs. 4,223.65) 540.19 540.19 407.04

540.19 540.19 407.04

27 Income tax

The major component of

income tax expense for the
year ended March 31, 2024
and March 31, 2023:

184
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Income tax expense

recognised in the statement
of profit and loss

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Current income tax:

Current income tax charge

1,981.44 3,027.83

Deferred tax:

Relating to origination and

reversal of temporary
33.63 111.98
differences

2,015.07 3,139.81

Income tax expense

recognised in other
comprehensive income
(OCI)

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Deferred tax expense

Deferred tax on net gain on

measurement of defined
1.07 19.37
benefit plans

185
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

1.07 19.37

Reconciliation of tax
expense and the accounting
profit multiplied by the
applicable tax rate(s) :

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Accounting profit before

7,802.69 11,913.96
income tax

At India’s statutory income

tax rate of 25.17% (31 1,963.94 2,998.74
March 2023: 25.17%)

Non-deductible expenses
for tax purposes :

CSR expenses
36.51 21.79

Disallowance under -
40(a)(ia) 16.86

-
Leave encashment
42.32

Loss/ (Profit) on Sale of -

Fixed Assets 5.01

Others - Return true ups

9.61 60.10

186
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

At the effective income tax 2,015.07 3,139.81

rate of 25.83% (31 March
2023 : 26.35%)

Deferred tax:

Deferred tax relates to the

following:

Statement of profit
Particulars Balance sheet
and loss

As at As at As at For the year ended For the year ended

March 31, 2024 March 31, 2023 April 01, 2022 March 31, 2024 March 31, 2023

Deferred tax Liability:-

Right of use asset

513.40 557.89 229.50 (44.49) 328.39

Deferred tax Assets:-

Difference in WDV as per

books of accounts and tax
657.79 653.80 687.23 3.99 (33.43)
laws

Provision for gratuity

79.22 104.26 181.70 (25.04) (77.44)

Provision for leave

encashment 98.17 115.65 162.05 (17.48) (46.40)

Security deposit
0.41 15.91 0.76 (15.50) 15.15

Contract liability
6.11 8.68 3.48 (2.57) 5.20

Lease Liability
541.50 564.09 230.13 (22.59) 333.96

187
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Net deferred tax assets 131.35

869.80 904.50 1,035.85 (34.70)

Reflected in the balance

sheet as follows:

As at As at As at
Particulars
March 31, 2024 March 31, 2023 April 01, 2022

Deferred
Deferred tax assets
Tax 869.80 904.50 1,035.85

Deferred Tax Assets (net) 904.50 1,035.85

869.80

[611000] Notes - Exploration for and evaluation of mineral resources

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
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 Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Disclosure of accounting for government grants and disclosure of government
assistance [TextBlock]
Whether company has received any government grant or government assistance No No

188
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[401100] Notes - Subclassification and notes on liabilities and assets

Other current assets others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current assets others [Axis] 1 2
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Subclassification and notes on liabilities and assets
[Abstract]
Other current assets notes [Abstract]
Other current assets [Abstract]
Other current assets, others 101.85 96.54 284.45 472.83
Other current assets others [Abstract]
Other current assets others [Line items]
Right of Return Right of Return
Description of other current assets others Prepaid Expenses Prepaid Expenses
Assets Assets
Other current assets, others 101.85 96.54 284.45 472.83

Other current assets others [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current assets others [Axis] 3
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Subclassification and notes on liabilities and assets [Abstract]
Other current assets notes [Abstract]
Other current assets [Abstract]
Other current assets, others 348.03 357.21
Other current assets others [Abstract]
Other current assets others [Line items]
Balances with
Balances with
statutory/
Description of other current assets others government
statutory/ government
authorities
authorities
Other current assets, others 348.03 357.21

Other non-current financial liabilities others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other non-current financial liabilities others [Axis] 1 2
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
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 1,890.64 1,904.56 41.33 33.14
Other non-current financial liabilities others
[Abstract]
Other non-current financial liabilities
others [Line items]
Description other non-current financial
Lease liability Lease liability Contract Liabilities Contract Liabilities
liabilities others
Other non-current financial liabilities,
1,890.64 1,904.56 41.33 33.14
others

189
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Other current liabilities, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current liabilities, others [Axis] 1 2
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other current liabilities notes
[Abstract]
Other current liabilities [Abstract]
Other current liabilities, others 274.05 96.49 532.08 403.21
Other current liabilities, others [Abstract]
Other current liabilities, others [Line
items]
Employee dues Employee dues
Description of other current liabilities, payable (Salaries, payable (Salaries,
Contract Liabilities Contract Liabilities
others wages and bonus wages and bonus
payable) payable)
Other current liabilities, others 274.05 96.49 532.08 403.21

Other current liabilities, others [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current liabilities, others [Axis] 3 4
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other current liabilities notes
[Abstract]
Other current liabilities [Abstract]
Other current liabilities, others 247.21 435.5 445.56 790.64
Other current liabilities, others [Abstract]
Other current liabilities, others [Line
items]
Description of other current liabilities,
Statutory Dues Statutory Dues Refund Liability Refund Liability
others
Other current liabilities, others 247.21 435.5 445.56 790.64

Other current financial liabilities, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial liabilities, others [Axis] 1 2
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
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 260.87 336.73 132.17 28.18
Other current financial liabilities, others
[Abstract]
Other current financial liabilities, others
[Line items]
Description of other current financial
Lease liability Lease liability Capital creditors Capital creditors
liabilities, others
Other current financial liabilities,
260.87 336.73 132.17 28.18
others

190
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Other non-current financial assets, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of other non-current financial assets others [Axis] 1 2
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Subclassification and notes on liabilities and assets
[Abstract]
Other non-current financial assets notes [Abstract]
Other non-current financial assets [Abstract]
Other non-current financial assets, others 134.53 133.13 7.13 17.24
Other non-current financial assets, others
[Abstract]
Other non-current financial assets, others
[Line items]
Description other non-current financial Loan given to Loan given to
Security deposits Security deposits
assets, others employees employees
Other non-current financial assets, others 134.53 133.13 7.13 17.24

Details of advances [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of advances [Axis] Advances [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Secured considered good [Member]
[Member]
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 946.38 695.97 946.38 695.97
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
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

191
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Details of advances [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs 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] Secured considered good [Member] Secured considered good [Member]
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 946.38 695.97 946.38 695.97
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
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

Details of advances [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
Classification of advances [Axis] Advance income tax paid [Member] Advances [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Secured considered good [Member]
[Member]
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 946.38 695.97 22.94 1.1
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
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

192
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Details of advances [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of advances [Axis] Advances [Member] Advances given suppliers [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 22.94 1.1 22.94 1.1
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
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

Classification of inventories [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Stock-in-trade
Classification of inventories [Axis] Company inventories [Member]
[Member]
01/04/2023
31/03/2024 31/03/2023 31/03/2022 to
31/03/2024
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 12,384.84 11,860.61 9,192.37 12,236.42
Inventories are
valued at cost or net
Mode of valuation realisable value,
whichever is lower

193
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Classification of inventories [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Stock-in-trade Other inventories
Classification of inventories [Axis] Stores and spares [Member]
[Member] [Member]
01/04/2022 01/04/2023 01/04/2022 01/04/2023
to to to to
31/03/2023 31/03/2024 31/03/2023 31/03/2024
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 11,676.47 69.43 112.78 78.99
Inventories are Inventories are Inventories are valued
valued at cost or net valued at cost or net at cost or net Refer to child
Mode of valuation realisable value, realisable value, realisable value, member
whichever is lower whichever is lower whichever is lower
Refer to child
Nature of other inventories member

Classification of inventories [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other inventories
Classification of inventories [Axis] Other inventories, others [Member]
[Member]
01/04/2022 01/04/2023 01/04/2022
to to to
31/03/2023 31/03/2024 31/03/2023
Subclassification and notes on liabilities and assets [Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 71.36 78.99 71.36
Inventories are Inventories are valued
Refer to child valued at cost or net at cost or net
Mode of valuation member realisable value, realisable value,
whichever is lower whichever is lower
Refer to child
Nature of other inventories member
Packing Material Packing Material

194
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Subclassification of trade receivables [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Secured considered good [Member]
[Member]
31/03/2024 31/03/2023 31/03/2024 31/03/2023
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 9,720.88 7,554.8 5,856.12 5,543.96
Allowance for bad and doubtful debts 0 0 0 0
Total trade receivables 9,720.88 7,554.8 5,856.12 5,543.96
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
Total trade receivables due by
0 0
directors, other officers or others
Details of trade receivables due by firms
or companies in which any director is
partner or director [Abstract]
Trade receivables due by firms in
0 0
which any director is partner
Trade receivables due by private
companies in which any director is 0 0
director
Trade receivables due by private
companies in which any director is 0 0
member
Total trade receivables due by
firms or companies in which any 0 0
director is partner or director

Subclassification of trade receivables [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
31/03/2024 31/03/2023
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 3,864.76 2,010.84
Allowance for bad and doubtful debts 0 0
Total trade receivables 3,864.76 2,010.84
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
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

195
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of breakup of provisions [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
31/03/2024 31/03/2023 31/03/2024 31/03/2023
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 280.51 360.5 34.26 53.75
Provision leave encashment 364.73 409 (A) 25.3 50.52
Total provisions for employee benefits 645.24 769.5 59.56 104.27
CSR expenditure provision 0 0 0 0
Other provisions 515.32 490.98 223.5 112.26
Total provisions 1,160.56 1,260.48 283.06 216.53

Footnotes
(A) Adjustment of 0.01 is done to reconcile the balance

Other current financial assets others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial assets others [Axis] 1 2
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Subclassification and notes on liabilities and assets
[Abstract]
Other current financial assets [Abstract]
Other current financial assets others 95.18 69.17 10.26 19.64
Other current financial assets others [Abstract]
Other current financial assets others [Line
items]
Description other current financial assets Interest accrued on Interest accrued on Loan given to Loan given to
others fixed deposits fixed deposits employees employees
Other current financial assets others 95.18 69.17 10.26 19.64

Other non-current assets, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other non-current assets, others [Axis] 1 2
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Subclassification and notes on liabilities and assets
[Abstract]
Other non-current assets notes [Abstract]
Other non-current assets [Abstract]
Other non-current assets, others 0 6.67 379.49 397.34
Other non-current assets, others [Abstract]
Other non-current assets, others [Line items]
Balances with
Balances with
Description of other non-current assets, statutory/
Prepaid Expenses Prepaid Expenses statutory/ government
others government
authorities
authorities
Other non-current assets, others 0 6.67 379.49 397.34

196
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

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

01/04/2023 01/04/2022
to to 31/03/2022
31/03/2024 31/03/2023
Disclosure of subclassification and notes on liabilities and assets Textual information (53)
explanatory [TextBlock] [See below]
Total other non-current financial assets 141.66 150.37 67.97
Advances, non-current 946.38 695.97 695.97

Total other non-current assets (A) 1,325.87 (B) 1,099.98 (C) 1,164.05
Disclosure of notes on cash and bank balances explanatory [TextBlock]
Fixed deposits with banks 15,794.94 11,280 7,670.47
Other deposits with banks 6,373.03 7,972.69 6,093.59
Total balance with banks 22,167.97 19,252.69 13,764.06
Cash on hand 0.31 0.26 0.56
Total cash and cash equivalents 22,168.28 19,252.95 13,764.62
Bank balance other than cash and cash equivalents 1.88 184.96 240.07
Total cash and bank balances 22,170.16 19,437.91 14,004.69
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0 0
guarantees or other commitments
Bank deposits with more than 12 months maturity 0 0 0
Security deposits 36.59 7.47 196.48
Total other current financial assets 142.03 96.28 307.08
Advances, current 22.94 1.1 19.93
Total other current assets 757.27 927.68 231

Total other non-current financial liabilities (D) 1,931.97 (E) 1,937.7 (F) 707.84
Provision for Assurance Provision for Assurance
Nature of other provisions type Warranties type Warranties
Interest accrued on borrowings 0 0 0
Interest accrued on public deposits 0 0 0
Interest accrued others 0 0 0
Unpaid dividends 0 0 0
Unpaid matured deposits and interest accrued thereon 0 0 0
Unpaid matured debentures and interest accrued thereon 0 0 0
Debentures claimed but not paid 0 0 0
Public deposit payable, current 0 0 0

Total other current financial liabilities (G) 393.04 (H) 364.91 (I) 285.47
Current liabilities portion of share application money pending
0 0 0
allotment
Total other current liabilities 1,498.9 1,725.84 864.16

Footnotes
(A) Other non-current assets : 379.49 Other tax asset (net) : 946.38
(B) Other non-current assets : 404.01 Other tax asset (net) : 695.97
(C) Other non-current assets : 468.08 Other tax asset (net) : 695.97
(D) Other non-current liabilities : 41.33 i. Lease Liabilities : 1890.64
(E) Other non-current liabilities : 33.14 i. Lease Liabilities : 1904.56
(F) Other non-current liabilities : 13.84 i. Lease Liabilities : 694
(G) iii. Other financial liabilities : 132.17 i. Lease Liabilities : 260.87
(H) iii. Other financial liabilities : 28.18 i. Lease Liabilities : 336.73
(I) iii. Other financial liabilities : 65.11 i. Lease Liabilities : 220.36

197
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (53)

Disclosure of subclassification and notes on liabilities and assets explanatory [Text Block]

Property,
4 plant and
equipment

Plant and
Machinery

Plant and Furniture and

Particulars Office equipment* Vehicles Computers Total
machinery* fittings*

Gross
Plant and
1,00,000 carrying Building Office equipment Furniture and fixtures
Machinery
amount

As at April
01, 2022
64.79 361.10 124.82 86.95 678.5
(deemed 40.85
cost)*

Additions
during the 300.5
10.75 189.23 18.05 47.56 34.96
year

Disposals
during the (29.33
(0.58) (2.44) (0.87) (24.21) (1.23)
year

As at March
74.96 547.89 142.00 120.68 949.7
31, 2023 64.20

Additions
during the
3.10 283.85 5.62 48.07 51.46 392.10
year

Disposals
-
during the -1.45 -16.69 -2.50 -1.29 -21.93
year

As at March
76.61 815.05 145.12 170.85 1,319.9
31, 2024 112.27

198
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Accumulated
depreciation

As at April - - - - - -
01, 2022

Charge for
the year 6.22 187.70 42.37 9.65 38.36 284.30

As at March
6.22 187.70 42.37 38.36 284.3
31, 2023 9.65

Charge for
the year 15.87 289.85 36.61 14.07 45.33 401.73

As at March
22.09 477.55 78.98 83.69 686.0
31, 2024 23.72

Net carrying
amount

As at April
01, 2022
64.79 361.10 124.82 86.95 678.5
(deemed 40.85
cost)*

As at March
68.74 360.19 99.63 82.32 665.4
31, 2023 54.55

As at March
54.52 337.50 66.14 87.16 633.8
31, 2024 88.55

*Cost as at
April 01,
2022 is
calculated as
shown before
:

199
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Particulars Plant and Furniture and Office equipment* Vehicles Computers Total
machinery* fittings*

Gross
carrying
amount as
122.30 3,923.82 451.37 90.67 407.52 4,995.6
per previous
GAAP

Accumulated
depreciation
till March 31, (57.51) (3,562.72) (326.55) (49.82) (320.57) (4,317.17
2022

Deemed cost
64.79 361.10 124.82 86.95 678.5
40.85

a) The
Company has
not revalued
any of its
property,
plant and
equipment.

200
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

* Includes
fixed assets
lying with
third parties
as mentioned
below:

As at 31 March
Description As at 31 March 2023 As at 1 April, 2022
2024

Net block Net block Net block

Plant and
machinery 0.81 8.14 9.50

Furniture and
fittings 309.13 333.53 332.35

Office
equipment 7.57 19.80 29.62

Total 317.51 361.47 371.47

5 Intangible assets

Particulars Computer Software Total

Gross carrying amount

201
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

As at April 01, 2022 (deemed cost)*

33.09 33.09

Additions during the year

10.53 10.53

As at March 31, 2023 43.62 43.62

Additions during the year

10.90 10.90

Disposal during the year

-0.01 -0.01

As at March 31, 2024 54.51 54.51

Accumulated amortisation

- -
As at April 01, 2022

Charge for the year

9.46 9.46

As at March 31, 2023 9.46 9.46

. Charge for the year

13.89 13.89

As at March 31, 2024 23.35 23.35

Net carrying amount

As at April 01, 2022 (deemed cost)* 33.09 33.09

As at March 31, 2023 34.16 34.16

As at March 31, 2024 31.16 31.16

*Cost as at April 01, 2022 is calculated as shown before :

202
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Particulars Computer Software Total

Gross carrying amount as per previous GAAP

198.79 198.79

Accumulated amortisation
(165.70) (165.70)

Deemed cost 33.09 33.09

Note:

a) The Company has not revalued any of its intangible assets.

b) On transition to Ind AS, the Company has elected to continue with the carrying
value of all of its intangible assets recognised as at April 1, 2022 measured as per
the previous Indian GAAP and use that carrying value as the deemed cost of the
intangible assets.

6 Right-of-use assets (refer note 38)

Particulars Right-of-Use

Gross Carrying value

As at April 1, 2022
911.87

Addition
1,711.13

Disposal
(32.24)

203
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

As at March 31, 2023 2,590.76

Addition
266.89

Disposal
(29.44)

As at March 31, 2024 2,828.21

Accumulated depreciation

-
As at April 1, 2022

Depreciation of
Right-of-use Depreciation
386.07
assets - Land

Depreciation of
Right-of-use
Disposal
assets - Solar (11.99)
Panel

As at March 31, 2023 374.08

Depreciation of
Right-of-use Depreciation
431.71
assets - Land

Depreciation of
Right-of-use
Disposal
assets - Solar (17.43)
Panel

As at March 31, 2024 788.36

Net Balance at April 1, 2022

911.87

Net Balance at March 31, 2023

2,216.68

Net Balance at March 31, 2024

2,039.85

204
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

7 Inventories

As at As at
As at
Particulars March 31, March 31,
April 01, 2022
2024 2023

Stock in
trade (at
cost) (in
transit of
Rs.1,519.37;
Stock in trade March 31,
12,236.42 11,676.47 9,018.70
2023: Rs.
1,369.70;
April 1,
2022: Rs.
514.77)

Stores and
spares (at
cost) (in
transit of Nil;
Stores and spares
March 31,
(at cost) 69.43 112.78 99.92
2023: Rs.
2.35; April
1, 2022: Rs.
5.05)

Packing
Packing Material
Material 78.99 71.36 73.75

12,384.84 11,860.61
9,192.37

Trade
8
Receivables

Particulars

205
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

As at As at As at
March 31, March 31, April 01, 2022
2024 2023

Trade Trade
receivables - receivables -
9,648.64 7,480.42 6,324.24
others current others#

Receivable
from related
parties (Note 72.24 74.38 73.62
33)

9,720.88 7,554.80
6,397.86

Classification
8(a) of Trade
receivables

As at As at
As at
March 31, March 31,
April 01, 2022
2024 2023

Trade
receivables
(Secured - 5,856.12 5,543.96 4,757.34
considered
good)

Trade
receivables
(Unsecured - 3,864.76 2,010.84 1,640.52
considered
good)

Total (a) 9,720.88 7,554.80 6,397.86

Impairment
allowance
(allowance
- - -
for bad and
doubtful
debts)

206
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Total (b) - - -

Total trade
receivables 9,720.88 7,554.80 6,397.86
(a - b)

Ageing of
8(b) Trade
Receivables

Outstanding
as at March
31, 2024
from the due
date of
payment

Less than 6 6 months - 1

Particulars Unbilled Not Due 1-2 years 2-3 years More than 3 years
months year

(i)
Undisputed
Trade - - - -
-
receivables – 8,589.31 1,131.57
considered
good

- - - -
Total - 8,589.31 1,131.57

Outstanding
as at ended
March 31,
2023 from
the due date
of payment

Less than 6 6 months - 1

Particulars Unbilled Not Due 1-2 years 2-3 years More than 3 years
months year

(i)
Undisputed

207
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Trade

-
- - - -
6,698.71 856.09

208
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

receivables –
considered
good

- - - -
Total - 6,698.71 856.09

Movement in
allowance for
8( c) credit losses
of
receivables

As at As at
As at
Particulars March 31, March 31,
April 01, 2022
2024 2023

Opening
- - -
Balance

Provision for
expected - - -
credit losses

Closing
- - -
Balance

Cash and
9(a) cash
equivalents

As at As at
Particulars
March 31, 2024 March 31, 2023

209
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Cash on hand
0.31 0.26

Balances
with banks:

- Current
- Current accounts
accounts (refer note 6,373.03 7,972.69
(a) below)

-On deposit
accounts
(with original
maturity of 3 15,794.94 11,280.00
months or
less)

22,168.28 19,252.95

Short-term
deposits are
made for
varying
periods of
between one
day and three
months,
depending on
the
immediate
cash
requirements
of the
Company,
and earn
interest at the
respective
short-term
deposit rates.

For the
purpose of
the statement
of cash
flows, cash
and cash

210
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

equivalents
comprise the
following:

As at As at
Particulars
March 31, 2024 March 31, 2023

Cash on hand
0.31 0.26

Balances
with banks:

- Current
accounts
(refer note 6,373.03 7,972.69
(a) below)

-On deposit
accounts
(with original
maturity of 3
months or 15,794.94 11,280.00
less) (refer
note (b)
below)

22,168.28 19,252.95

Bank
balances
other than
9(b)
cash and
cash
equivalents

As at As at
Particulars
March 31, 2024 March 31, 2023

211
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Deposits with Deposits

remaining with original
maturity for
more than 3

1.88 184.96

212
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

maturity for months but

more than 12 less than 12
months months

Total 1.88 184.96

Notes:

(a) includes
amount
under linked
fixed
deposits with
banks
amounting to
Rs. 6,246.21
(March 31,
2023: Rs.
7,666.41;
April 1,
2022: Rs.
4,861.82 )

(b) includes
fixed
deposits
against
which bank
guarantees
have been
provided to
custom
authorities
amounting to
Rs. 266.09
(March 31,
2023:
260.96; April
1, 2022 Rs.
254.81), to
sales tax
authorities
amounting to
Rs. 0.99
(March
31,2023 : Rs.
0.99; April 1,
2022: Rs.
0.98 )

Other
10 financial
assets

213
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Particulars Non-current Current

As at As at
As at As at As at As at
March 31, March 31,
April 01, 2022 March 31, 2024 March 31, 2023 April 01, 2022
2024 2023

Unsecured,
considered
good

Interest
Interest accrued
accrued on - - -
on fixed deposits
fixed 95.18 69.17
current
deposits

Security Security
deposits current deposits 134.53 133.13 45.43 36.59 7.47

Loan given
7.13
to employees 17.24 22.54 10.26 19.64

Advance
given to 141.66 150.37 142.03 96.28
67.97
employees

Break up of
Financial
10(a) assets carried
at amortised
cost

Particulars Non-current Current

As at As at
As at As at As at As at
March 31, March 31,
April 01, 2022 March 31, 2024 March 31, 2023 April 01, 2022
2024 2023

Trade
- - -
receivable
9,720.88 7,554.80
refer note 8

Cash and

214
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

cash

- - -
22,168.28 19,252.95

215
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

equivalents
refer note
9(a)

Bank
balances
other than
cash and - - -
cash 1.88 184.96
equivalents
refer note
9(b)

Other
financial
assets refer 141.66 150.37 67.97 142.03 96.28
note 10

Total
financial
assets carried 141.66 150.37 32,033.07 27,088.99
67.97
at amortised
cost

Other tax
11
asset (net)

As at As at
As at
Particualars March 31, March 31,
April 01, 2022
2024 2023

Advance
income tax
(net of
provisions
for tax of Rs.
Non-current tax 7,895.58
asset (net) (March 31, 946.38 695.97 695.97
2023 : Rs.
5,914.14;
April 1, 2022
: Rs.
5,914.14)

946.38 695.97
695.97

216
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

12 Other assets

Particulars Non-current Current

As at As at
As at As at As at As at
March 31, March 31,
April 01, 2022 March 31, 2024 March 31, 2023 April 01, 2022
2024 2023

Unsecured,
considered
good

Advance given
to employees
-Current

Prepaid Prepaid -
Expenses-current Expenses 6.67 3.06 101.85 96.54

Advance to - - -
suppliers 22.94 1.10

Right of
- - -
Return
284.45 472.83
Assets

Balances with Balances

statutory/ with
government statutory/
379.49 397.34 465.02 348.03 357.21
authorities - government
current authorities

379.49 404.01 468.08 757.27 927.68

13 Share capital

217
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Particulars

Authorised share
capital

3,00,00,000 equity
shares of INR 10/-
each (March 31, 2023:
3,00,00,000; April 01,
2022: 3,00,00,000
equity shares of INR
10/- each )

Issued shares,
subscribed and fully
paid-up share capital

3,00,00,000 equity
shares of INR 10/-
each (March 31, 2023:
3,00,00,000; April 01,
2022: 3,00,00,000)
equity shares of INR
10/- each )

A. Reconciliation of
number of shares
outstanding is set out
below:-

Equity shares

At the beginning and

at the end of the year

218
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

B. Rights, preference
and restrictions
attached to equity
shares

The Company has only

one class of equity
shares having a par
value of Rs. 10 per
share. Each holder of
equity shares is
entitled to one vote per
share. The Company
declares and pays
dividends (if any) in
Indian Rupees.
Dividend proposed by
the Board of Directors
is subject to approval
of the shareholders in
the ensuing Annual
General Meeting. In
the event of liquidation
of the Company, the
holders of equity
shares will be entitled
to receive the
remaining assets of the
Company, after
distribution of all
preferential amounts.
The distribution will
be in proportion to the
number of equity
shares held by the
shareholders.

C. Details of
shareholders holdings
more than 5% shares is
as below:-

Particulars

Number of Percentage of Number of

Percentage of Holding Number of shares held
shares held Holding shares held

219
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Equity shares of INR

10 each fully paid

Casio Computer Co.

Ltd., Japan (Holding
Company)

D. The Company has

neither issued /allotted
any shares for
consideration other
than cash, nor has
issued any bonus
shares during the
period of 5 years
immediately preceding
the balance sheet date.
Further no shares have
been reserved for issue
under options and
contracts/commitments
for sales of shares,
disinvestment by the
Company.

E. Details of
Promoter’s
shareholding

Shares held by
Promoters

Particulars S.No

As at March 31, 2024 1

Casio Techno Co., Ltd.,

2 Japan (Fellow 1 0.000003% 0.00%
subsidiary)

220
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Shares held by
Promoters

Particulars S.No

As at March 31, 2023 1

Casio Techno Co., Ltd.,

2 Japan (Fellow 1 0.000003% 0.00%
subsidiary)

Shares held by
Promoters

Particulars S.No

As at April 1, 2022 1

Casio Techno Co., Ltd.,

2 Japan (Fellow 1 0.000003% 0.00%
subsidiary)

221
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

14 Other equity

Particulars

14A Retained earnings

Opening balances

Add: Profit for the

year

Add :
Re-measurement
gains/ (losses) on
defined benefit plans

Add/(Less): Ind AS
transition adjustments
(Refer note 39)

Closing balances

Nature and Purpose of

Reserves :

Retained Earnings

Retained earnings are

the profits that the
Company has earned

222
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

till date, less dividends

or other distributions
paid to shareholders.
Retained earnings
include
re-measurement loss /
(gain) on defined
benefit plans, net of
taxes that will not be

223
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

reclassified to
Statement of Profit and
Loss.

Remeasurement of
defined benefit plans

The Company
recognizes actuarial
gains/losses on defined
benefit plans in the
balance sheet with a
corresponding debit or
credit to other
comprehensive income
in the period in which
they occur.

15 Financial liabilities

15(a) Lease Liability

Particulars Non-current

As at As at
March 31, 2024 March 31, 2023

Lease liabilities
Lease liability 1,890.64 1,904.56
current

1,890.64 1,904.56

Lease liabilities
movement during the
year:

224
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

As at As at As at
Particulars March 31, 2024 March 31, 2023 April 01, 2022

Lease Liability Opening balance 2,241.29 914.36 914.36

Addition during the

256.50 1,636.19 -
year

Termination during the

(13.02) (21.03) -
year

-Interest on
Accretion of interest 170.38 150.45 -
Lease Liabilities

Lease Payments during the

(503.63) (438.68) -
Liability-Payment year

Lease Liability Closing balance 2,151.52 2,241.29 914.36

The lease rental

expense relating to
short-term leases
recognized in the
statement of profit and
loss for the year
amounted to Rs.
137.37 and previous
year Rs. 153.27.

Finance lease
obligation are payable
as follows:

As at As at
March 31, 2024 March 31, 2023

Interest
Future Minimum Lease Present Value of Future Minimum Lease Interest Element of
Particulars Element of
Payments (MLP) minimum lease payment Payments (MLP) MLP
MLP

225
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Less than 1 year

410.81 149.93 260.87 492.33 155.60

1-2 year
364.75 132.84 231.91 380.40 133.01

2-5 year
1,089.30 285.09 804.21 978.71 299.37

More than 5 year

936.49 81.97 854.53 1,099.42 121.60

Total 2,801.35 649.83 2,151.52 2,950.86

709.58

The lease agreement

do not contain any
material residual value
guarantees or material
restrictive covenants.

15(b) Trade payables

As at As at As at
Particulars
March 31, 2024 March 31, 2023 April 01, 2022

Trade payables

i. total outstanding
dues of micro
308.59 190.53 277.19
enterprises and small
enterprises

ii. total

226
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

outstanding dues
of creditors other

ii. total outstanding

dues of creditors other
than micro enterprises 4,436.19 5,065.64 5,252.08
and small enterprises

227
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

than micro
enterprises and
small enterprises

-Outstanding due to
3,546.71 4,459.61 4,617.82
Related parties

-Outstanding due to
889.48 606.03 634.27
Others

iii. Unbilled &

1,280.37 1,052.86 628.37
Accruals

6,025.15 6,309.03 6,157.65

Details of dues to
micro, small and
medium enterprises as
defined under the
MSMED Act, 2006

The Ministry of Micro,

Small and Medium
Enterprises has issued
an Office
Memorandum dated 26
August 2008 which
recommends that the
Micro and Small
Enterprises should
mention in their
correspondence with
its customers the
Entrepreneurs
Memorandum Number
as allocated after filing
of the Memorandum.
Based on the
information presently
available with the
management, the
disclosures required
under Micro, Small

228
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

and Medium
Enterprises

229
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Development Act,
2006 (“MSMED Act”)
are given below:

Particulars

(a) the principal

amount and the
interest due thereon (to
be shown separately)
remaining unpaid to
any supplier at the end
of each accounting
year;

(b) the amount of

interest paid by the
buyer in terms of
section 16 of the
Micro, Small and
Medium Enterprises
Development Act,
2006, along with the
amount of the payment
made to the supplier
beyond the appointed
day during each
accounting year;

(c) the amount of

interest due and
payable for the period
of delay in making
payment (which have
been paid but beyond
the appointed day
during the year) but
without adding the
interest specified
under the Micro, Small
and Medium
Enterprises
Development Act,
2006;

(d) the amount of

interest accrued and
remaining unpaid at
the end of each
accounting year; and

(e) the amount of

further interest
remaining due and
payable even in the
succeeding years, until
such date when the
interest dues above are
actually paid to the
small enterprise, for

230
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

the purpose of
disallowance of a
deductible expenditure
under section 23 of the
Micro, Small and

231
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Medium Enterprises
Development Act,
2006.

Ageing of Trade
Payables

Outstanding as at
March 31, 2024 from
Particulars Not Due
the due date of
payment

Less than 1 year

Total outstanding dues

of micro enterprises
308.43 0.16
and small enterprises -
Undisputed

Total outstanding dues

of creditors of other - 4,432.07 4.12
Undisputed

Unbilled & Accruals

Total 4,740.50 4.28

Outstanding as at
March 31, 2023 from
Particulars Not Due
the due date of
payment

Less than 1 year

Total outstanding dues

of micro enterprises
190.43 0.10
and small enterprises -
Undisputed

232
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Total outstanding dues

of creditors of other - 5,065.36 0.28
Undisputed

Unbilled & Accruals

Total 5,255.79 0.38

Outstanding as at
ended April 1, 2022
Particulars Not Due
from the due date of
payment

Less than 1 year

Total outstanding dues

of micro enterprises
275.59 1.60
and small enterprises -
Undisputed

Total outstanding dues

of creditors of other - 5,242.32 9.77
Undisputed

Unbilled & Accruals

Total 5,517.91 11.37

Other financial
15(c)
liabilities - Current

As at As at As at
Particulars
March 31, 2024 March 31, 2023 April 01, 2022

Capital creditors

233
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

current Capital creditors 132.17 28.18 65.11

132.17 28.18 65.11

Break up of financial
liabilities carried at
amortised cost

Non--Current

As at As at As at
Particulars
March 31, 2024 March 31, 2023 April 01, 2022

Lease liability refer

1,890.64 1,904.56 694.00
note 15(a)

Trade payables refer

- - -
note 15(b)

Other financial
liabilities refer note - - -
15(c)

Total financial
liabilities carried at 1,890.64 1,904.56 694.00
amortised cost

16 Provisions

Non-current

234
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Particulars As at As at
March 31, 2024 March 31, 2023

Provision for
employee benefits

Provision for i. Provision for

280.51 360.50
gratuity gratuity refer note 30

Provision for
ii. Provision for Leave
Leave 364.73 409.00
encashment
encashment

Other provisions

i. Provision for
Provision for
Assurance type 515.32 490.98
Warranty
Warranties

Provision for
CST Expenses

1,160.56 1,260.48

Movement in
Provision for
Assurance type
Warranties

As at As at
March 31, 2024 March 31, 2023

Opening Balance 603.24 474.41

235
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Provision 264.06 248.79

created/(reversed)
during the year

Provision utilized
(128.48) (119.96)
during the year

Closing Balance 738.82 603.24

17 Other liabilities

Non-current

As at As at
Particulars
March 31, 2024 March 31, 2023

- Others
advance from Contract Liabilities 41.33 33.14
customers current

Employee dues
payable (Salaries,
Staff Payable
wages and bonus
payable)

Statutory
Statutory Dues
liabilities current

Others-other
non-current Refund Liability
liabilities

41.33 33.14

236
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Current tax liabilities

18 (net)

As at As at As at
Particulars
March 31, 2024 March 31, 2023 April 01, 2022

Provision for tax (net

of advance tax of Rs.
7,118.34 ( March 31,
Provision for tax 540.19 540.19 407.04
2023: Rs. 7,118.34;
April 1, 2022 Rs.
4,223.65)

540.19 540.19 407.04

237
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[401200] Notes - Additional disclosures on balance sheet

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022 01/04/2021
to to to
31/03/2024 31/03/2023 31/03/2022
Textual information (54)
Disclosure of additional balance sheet notes explanatory [TextBlock] [See below]
Additional balance sheet notes [Abstract]
Contingent liabilities and commitments [Abstract]
Classification of contingent liabilities [Abstract]
Total contingent liabilities 0 0 0
Total contingent liabilities and commitments 0 0 0
Details regarding dividends [Abstract]
Amount of dividends proposed to be distributed to equity shareholders 0 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0 [INR/shares] 0
shareholders
Details of deposits [Abstract]
Deposits accepted or renewed during period 0 0 0
Deposits matured and claimed but not paid during period 0 0 0
Deposits matured and claimed but not paid 0 0 0
Deposits matured but not claimed 0 0 0
Interest on deposits accrued and due but not paid 0 0 0
Details of share application money received and paid [Abstract]
Share application money received during year 0 0 0
Share application money paid during year 0 0 0
Amount of share application money received back during year 0 0 0
Amount of share application money repaid returned back during year 0 0 0
Number of person share application money paid during year [pure] 0 [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0 [pure] 0
Share application money received and due for refund 0 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, No No
2014
Net worth of company 38,384.52 32,593.72 0
Details of unclaimed liabilities [Abstract]
Unclaimed share application refund money 0 0 0
Unclaimed matured debentures 0 0 0
Unclaimed matured deposits 0 0 0
Interest unclaimed amount 0 0 0
Financial parameters balance sheet items [Abstract]
Investment in subsidiary companies 0 0 0
Investment in government companies 0 0 0
Amount due for transfer to investor education and protection fund
0 0 0
(IEPF)
Gross value of transactions with related parties 3,647.92 4,546.58 0
Number of warrants converted into equity shares during period [pure] 0 [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0 [pure] 0

238
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (54)

Disclosure of additional balance sheet notes explanatory [Text Block]

30 Employee benefits

Defined Contribution Plan - Provident Fund:

Retirement benefit in the form of provident fund is a

defined contribution scheme and the contributions are
charged to the statement of profit and loss of the year
when the contributions to the respective funds are due.
The Company participates in a provident fund scheme
of the regional provident fund commissioner. There
are no other obligations other than the contribution
payable to the respective fund.

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Employers contribution to Provident fund (including

Employee's Pension Scheme 1995) 133.46 130.42

133.46 130.42

Defined Benefit Plan - Gratuity:

The gratuity plan is governed by the Payment of

Gratuity Act, 1972. Under the Act, employees who
have completed at least five years of service are
entitled to specific benefit. The level of benefit
provided depends on the member's length of service
and salary retirement age. The employee is entitled to

239
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

a benefit equivalent to 15 days salary last drawn salary

for each completed year of service with part thereof in

240
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

excess of six months. The same is payable on

termination of service or retirement or death whichever
is earlier. The gratuity plan of the Company is funded.

The present value of the obligation under such defined

benefit plan is determined based on an actuarial
valuation as at the reporting date using the projected
unit credit method, which recognises each period of
service as giving rise to additional unit of employee
benefit entitlement and measures each unit separately
to build up the final obligation. The obligations are
measured at the present value of the estimated future
cash flows. The discount rate used for determining the
present value of the obligation under defined benefit
plans is based on the market yields on Government
bonds as at the date of actuarial valuation. Actuarial
gains and losses (net of tax) are recognised
immediately in the Other Comprehensive Income
(OCI).

The following tables summarise the components of net

benefit expense recognised in the statement of profit or
loss and amounts recognised in the balance sheet for
the gratuity plan:

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Change in benefit obligation

Present value of obligation as at the beginning of the

414.25
period 721.94

Current service cost 47.74

49.45

-
Past service cost 0.00

Interest cost 30.72

50.14

241
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Benefits paid directly by employer -173.68

(330.31)

Re-measurements due to:

Actuarial gain arising from change in demographic -

0.15
assumptions

Actuarial loss/(gain) arising from change in financial

7.54
assumptions (16.78)

Actuarial loss/(gain) arising due to experience change -11.95

(60.19)

Present value of obligation as at the end of the period

314.77 414.25

The reconciliation of the present value of obligations

and the fair value of plan assets to the assets and
liabilities is as below:

As at As at As at
Particulars
March 31, 2024 March 31, 2023 April 01, 2022

Present value of defined benefit obligations as at end

of the year 314.77 414.25 721.94

Liability recognised in the Balance Sheet as at the end

of the year 314.77 414.25 721.94

Current
34.26 53.75 42.64

Non-current
280.51 360.50 679.30

314.77 414.25 721.94

242
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

The net gratuity cost for the below mentioned years is

as follows:

For the year ended For the year ended

Particulars
March 31, 2024 March 31 2023

Current service cost

47.74 49.45

Past service cost

Interest cost
30.72 50.14

Expected return on plan assets

Net actuarial loss/(gain)

(4.25) (76.98)

Net gratuity cost

74.21 22.61

Amount recognised in Statement of Profit and Loss:

For the year ended For the year ended

Particulars
March 31, 2024 March 31 2023

Current service cost

47.74 49.45

Interest cost on benefit obligation

30.72 50.14

243
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Amount recognised in Statement of Profit and Loss

78.46 99.59

Amount recognised in Other Comprehensive Income:

For the year ended For the year ended

Particulars
March 31, 2024 March 31 2023

Actuarial loss/(gain) arising from change in financial

assumptions 7.54 (16.78)

Actuarial loss/(gain) arising on account of experience

changes (11.95) (60.19)

Actuarial loss/(gain) arising from change in -

demographic assumptions 0.15

Amount of loss/(gain) recognised in Other

Comprehensive Income (4.24) (76.97)

The principal assumptions used in determining gratuity

liability for the Company’s plans are shown below:

As at As at As at
Particulars
March 31, 2024 March 31, 2023 April 01, 2022

Discount rate (%) 7.15% 7.40% 6.95%

Future salary increases (%) 9.00% 9.00% 9.00%

Retirement Age (Years) 58 years 58 years 58 years

Withdrawal rate P.A.

Upto 30 years 7.00% 8.00% 8.00%

31 to 44 years 9.00% 9.00% 9.00%

Above 44 years 2.00% 2.00% 2.00%

244
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Mortality rate 100% of IALM 100% of IALM 100% of IALM

2012-14 2012-14 2012-14

Sensitivity Analysis

A quantitative sensitivity analysis for significant

assumption as at March 31, 2024 is as shown below:

Assumptions Discount rate Future salary increase

.50% decrease .50% increase .50% decrease .50% increase

Impact on defined benefit obligation

348.18 286.21 286.42 347.24

A quantitative sensitivity analysis for significant

assumption as at March 31, 2023 is as shown below:

Assumptions Discount rate Future salary increase

.50% decrease .50% increase .50% decrease .50% increase

Impact on defined benefit obligation

453.05 380.61 380.79 452.06

The sensitivity analyses above has been determined

based on the method that extrapolates the impact on
defined benefit obligation as a result of reasonable
changes in key assumptions occurring at the end of the
reporting period.

Sensitivities due to mortality and withdrawals are not

material and hence impact of change not calculated.
Sensitivities as to rate of inflation, rate of increase of
pensions in payments, rate of increase of pensions
before retirement and life expectancy are not
applicable being a lump sum benefit on retirement.

245
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

The maturity profile of defined benefit obligation are

as follows:

Particulars March 31, 2024 March 31, 2023

1 years
34.26 53.75

2 to 5 years
86.72 125.21

6 to 10 years
131.46 190.07

More than 10 years

492.26 547.50

31 Contingent liabilities

The Company has received

income tax assessment orders
for various assessment years,
these matters are pending
before various appellate
authorities and the
management, including its tax
advisors, expects that its
position will likely be upheld
on ultimate resolution and
will not have material adverse
effect on the Company's
financial position, the demand
made and amounts deposited
under protest is as mentioned
below:

246
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Period to
As at As at Amount paid Amount paid which Forum where
Nature of Dues under protest under protest the dispute is
March 31, 2024 March 31, 2023
March 31, 2024 March 31, 2023 amount pending
relates

Demand raised u/s 144C read Financial The Hon'ble

a) with section 143 (3) of the year Delhi High
93.61 93.61 15.00 15.00
Income tax Act, 1961. 2005-06 Court

Demand raised u/s 144C read Financial The Hon'ble

b) with section 143 (3) of the year Supreme
58.26 58.26 10.00 10.00
Income tax Act, 1961. 2006-07 Court

Demand raised u/s 144C read Financial The Hon'ble

c) with section 143 (3) of the 71.65* year Supreme
179.13 179.13 71.65
Income tax Act, 1961. 2007-08 Court

Commissioner
Demand raised u/s 144C read Financial
of Income
d) with section 143 (3) of the year
171.76 171.76 34.36 34.36 Tax
Income tax Act, 1961. 2008-09
(Appeals)

Order passed
by ITAT in
Financial
Year 23-24
deleting the
adjustment.
ITAT held
that AMP
Demand raised u/s 144C read Financial expense does
-
e) with section 143 (3) of the year not constitute
52.42 52.42
Income tax Act, 1961. 2009-10 as an
international
transaction
since there is
no
arrangement
with the
associated
enterprises.

Income Tax
Appellate
Tribunal
(however
ITAT order
dated 24 Feb
2020 received
Demand raised u/s 144C read Financial
- - in favour of
f) with section 143 (3) of the 50.00** year
50.00 the Company
Income tax Act, 1961. 2010-11
and final
order giving
effect of
ITAT order is
pending from
assessing
officer)

Financial

247
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

year
2012-13,
2013-14,
2014-15,
2015-16,
2016-17,
2017-18,
2018-19,

Basic custom duties on Commissioner

projectors of the custom Act, - - Appeal
g) 1962 378.79*** 392.54
(Custom)

248
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

2019-20
and
2020-21

Matter
pending
Demand raised u/s 144C read Financial
- - - before
h) with section 143 (3) of the year
968.91 Dispute
Income tax Act, 1961. 2019-20
Resolution
Panel

Matter
pending
Demand raised u/s 144C read Financial
- - - before
i) with section 143 (3) of the year
1,778.33 Dispute
Income tax Act, 1961. 2020-21
Resolution
Panel

3,250.00 502.76
612.22 625.97

Notes:

i) 'The above amounts are

based on draft/final order
received from respective
authorities including interest
and penalty, wherever
indicated in the order.

ii) Management is of the firm

belief that the above demands
are not tenable and highly
unlikely to be retained by
higher authorities and is
accordingly not carrying any
provision in its books in
respect of such demand.

* For FY 07-08 , Out of Rs.

71.65 paid under protest
amount of Rs. 16.06 is
received from Income tax
dept on 04-06-2024

**For FY 10-11, out of 50

Lacs paid under protest, Rs 50
Lacs is received from Income
Tax Dept. on 04-06-2024

*** For the proceedings of

249
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Customs Act, 1962 the

amount of 378.79 Lacs have
been received on 09-07-2024

A. Segment
32 accounting
policies

Operating
segments are
defined as
components of
an enterprise for
which discrete
financial
information is
available that is
evaluated
regularly by the
Chief Operating
Decision Maker
(CODM), in
deciding how to
allocate
resources and
assessing
performance.The
CODM is
considered to be
the Board of
Directors who
makes strategic
decisions and is
responsible for
allocating
resources and
assessing
performance of
the operating
segments.

250
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

systems.
In accordance
with reporting
requirements of
Ind AS - 108 on
Segment
Reporting. Label
Printers and
Spares and
others have been
clubbed together
as 'Others' as
their revenue,
segment result
and segment
assets are less
than 10% of total
revenue, total

251
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

result and total

assets of the
Company.

The description
of segment assets
and liabilities
and the
accounting
policies in
relation to
segment
accounting are as
follows:

a) Segment
assets and
liabilities
Segment assets
primarily
represents all
operating assets
used by a
segment and
consists of
Inventories
(Stock in trade)
and Right to
return assets.
Segment
Liabilities
primarily
represents
amount payable
to holding
company in
respect of
respective
segments. All
other assets and
liabilities are not
identified to any
reportable
segments, since
these are used
interchangeably
across segments
and
consequently,
the management
believes that it is
not practicable or
meaningful to
provide segment
disclosures
relating to such
other assets and
liabilities.

b) Segment
revenue

Segment revenue
is directly
attributable to

252
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

the segment on
the basis of
specific
identification.
Segment revenue
does not include
other income.

c) Segment
expenses

Segment
expenses
comprises the
expenses
resulting from
the operating of
a segment that is
directly
attributable to
the segment or
that can be
allocated on a
reasonable basis
to the segment.
Allocable
expenses
includes certain
employee
benefits expense,
Sales promotion
and distribution
expenses and
Freight and
forwarding
expenses.
Unallocable
expenses are not
allocable to any
segment and
include all other

253
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

expenses other
than allocable
expenses.

B. Segmental
Information

Primary segment
reporting by
Business
Segment

For the year For the year

Particulars ended 31 ended 31
March 2024 March 2023

Electronic Electronic
Watches and Watches and
Calculators musical Others Total Calculators musical Others Total
clocks clocks
instruments instruments

Turnover (net)
26,187.18 8,186.06 41,422.81 1,612.13 77,408.18 25,477.73 8,737.01 31,609.51 1,582

Segment
26,187.18 8,186.06 41,422.81 1,612.13 77,408.18 25,477.73 8,737.01 31,609.51 1,582
revenue

Segment result

Profit [before
unallocated
expenses/ 7,227.08
1,552.44 1,038.50 5,636.50 928.01 9,155.45 3,649.10 1,272.31 938
income and
interest income]

Less:
Unallocated
2,699.59
expenses

Operating profit 6,455.86

254
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Add:
Unallocated 49.39
income

Add: Interest
income 1,297.44

Net Profit
7,802.69
before tax

Less: Tax
expense

Current tax 1,981.44

Deferred tax
33.63
charge/ (benefit)

Net Profit after

5,787.62
tax

For the year For the year

Particulars ended 31 ended 31
March 2024 March 2023

Electronic Electronic
Watches and Watches and
Calculators musical Others Total Calculators musical Others Total
clocks clocks
instruments instruments

OTHER
INFORMATION

Segment assets 5,415.60 1,252.29 5,768.68 84.30 12,520.87 5,104.59 1,551.75 5,381.85 111

Unallocated
assets 37,696.52

Total assets 50,217.39

Segment
liability

255
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Allocated -
liabilities 653.41 1,320.57 1,572.73 3,546.71 1,718.68 324.36 984.70 1,424

Unallocated
liabilities 8,286.16

Total liabilities 11,832.87

-Provision
for tax (net of
advance tax Rs.
2,341.67)
(previous
year Rs.
2,341.67 ) (refer
note below)

Equity and
- - - - - - -
reserves and
38,384.52
surplus

Total Equity and - - - - - - -

50,217.39
liabilities

Capital
expenditure on
Property, Plant
and Equipments
403.00
and Intangible
assets
(un-allocated)

Depreciation
and amortisation
expense 847.32
(un-allocated)

Information on
the geographic
segment is as
follows:

Capital Segment
Revenues
Expenditure assets

Geographic

256
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

segment 31-Mar-24 31-Mar-23 31-Mar-24 31-Mar-23 31-Mar-24 31-Mar-23 01-Apr-22

Within India
74,576.85 63,639.58 395.82 309.69 50,212.69 44,942.15 34,013

Outside India
2,831.33 3,767.52 7.18 1.39 4.70 6.25 10

77,408.18 67,407.10 403.00 311.08 50,217.39 44,948.40 34,024

33 Related party disclosure

Related party and nature of related party relationship

(a)
where control exists:

Description of relationship Name of the Party

Holding company Casio Computer Co. Ltd., Japan

(b) Key Management Personnel

Managing Director Hideki Imai (Appointed on 20 June 2022)

Yoshiyuki Uehara (Resigned on 21 June

Managing Director
2022)

Akira Watanabe ( Ceased to be

Additional Director on 27 September
Additional Director
2023 and reappointed as Additional
Director on 16 July 2024)

Ono Tetsuro (Appointed on 26 March

Additional Director
2024)

Akiteru Yamamoto (Appointed as

257
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Director additional director on 04-May-2023,

Promoted to Director on 26 September
2023 and Resigned on 26 April 2024)

Tamoo Kato (Resigned on 20 February

Director
2024)

Kazunori Mizutani (Resigned on 28 Feb

Director
2023)

Other related parties with whom transactions have been

Description of relationship Name of the Party

Fellow subsidiary company Casio Europe GMBH

Key Management Personnel

Managing Director Hideki Imai

Additional Director Akira Watanabe

Director Akiteru Yamamoto

(d) Particulars of related party transactions

Nature of transaction For the year ended For the year ended

31 March 2024 31 March 2023

i) With Casio Computer Co. Ltd, Japan

258
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Purchase of goods

- Purchase of stock in trade 49,004.11

42,150.83

- Purchase of spare parts 420.08

336.78

Sale of services

- Call centre income -

21.93

- Service support fees 558.70

557.98

- Other Income 0.15 1.09

Other expenses

- Distribution expenses 4.76 2.64

- Product association charges 75.64

42.57

- Repair and maintenance - others 148.55

46.36

- Sales promotion expenses 21.85 5.00

- Travelling Expenses 5.40

30.95

- Purchase of Property, plant and equipment 4.16 2.83

Reimbursement of employee benefit expense incurred

by related party

- Salaries, wages and bonus 157.50

83.33

259
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

- Staff welfare 18.74 7.92

Reimbursement of expenses incurred for related party 106.71

131.46

ii) With key management personnel

- Akira Watanabe 170.04

81.68

- Yoshiyuki Uehara -
47.93

- Kazunori Mizutani -
152.13

-
- Akiteru Yamamoto 122.56

- Hideki Imai 189.21

178.66

iii) With Casio Europe GMBH

Sale of services

- Service support fees 0.01 0.01

Reimbursement of expenses incurred for related party 0.20 0.20

260
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

(d) Particulars of balances outstanding

Particulars As at As at As at

31 March 2024 31 March 2023 1 April 2022

i) Casio Computer Co. Ltd, Japan

Trade payables 3,546.71

4,459.61 4,617.82

Trade receivables 72.24

74.13 73.62

With key management personnel

-
- Akira Watanabe 9.88 2.78

- -
- Akiteru Yamamoto 6.41

-
- Hideki Imai 12.68
12.59

-
- Yoshiyuki Uehara - 2.64

Particulars As at As at As at

261
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

31 March 2024 31 March 2023 1 April 2022

ii) Casio Europe GMBH, Europe

-
Trade receivables -
0.25

Notes:

a. Based on the internal evaluation, the Company has

concluded that all related party transactions are carried
out on arm’s length basis.

b. The remuneration to the key managerial personnel as

disclosed above does not include the provision made
for gratuity and leave benefits, as they are determined
on an actuarial basis for the Company as a whole.

Carrying value
of Financial
34 assets and
Financial
liabilities

Set out below,

is the carrying
amounts of the
Company's
financial
instruments:

Particulars Carrying value Fair value

As at
As at March March As at March 31,
As at April 1, 2022 As at March 31, 2023 As at April 1, 2022
31, 2024 31, 2024
2023

262
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Financial assets

(at amortised
cost)

Trade
receivables 9,720.88 7,554.80 6,397.86 9,720.88 7,554.80 6,39

Cash and cash

equivalents 22,168.28 19,252.95 13,764.62 22,168.28 19,252.95 13,76

Other bank
balances 1.88 184.96 240.07 1.88 184.96 24

Other financial
asset 283.69 246.65 375.05 283.69 246.65 37

32,174.73 27,239.36 20,777.60 32,174.73 27,239.36 20,77

Financial
liabilities

(at amortised
cost)

Lease liability
2,151.51 2,241.29 914.36 2,151.51 2,241.29 91

Trade payables
6,025.15 6,309.03 6,157.65 6,025.15 6,309.03 6,15

Other financial
liabilities 132.17 28.18 65.11 132.17 28.18 6

8,308.83 8,578.50 7,137.12 8,308.83 8,578.50 7,13

Fair value
hierarchy

263
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

The fair value

of the financial
asset and
liabilities are
included at the
amount at
which the
instrument
could be
exchanged in a
current
transaction
between
willing parties,
other than in a
forced or
liquidation
sale.

The following
table provides
the fair value
measurment
hierarchy of
the Company's
asset and
liabilities,
grouped into
Level 1 to
Level 3 as
described
below:-

Level 1:
Quoted
(unadjusted)
market prices
in active
markets for
identical assets
or liabilities.

Level 2: Inputs
are other than
quoted prices
included within
Level 1 that are
observable for
the asset or
liability, either
directly (i.e. as
prices) or
indirectly (i.e.
derived from
prices).

Level 3: Inputs
are not based
on observable
market data

264
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

(unobservable
inputs). Fair
values are
determined in
whole or in
part using a
valuation
model based on
assumptions
that are neither
supported by
prices from
observable
current market
transactions in
the same
instrument nor

265
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

are they based

on available
market data.

Measurement
of fair values

Valuation
techniques
used to
determine fair
value

The company
maintains
policies and
procedures to
value financial
assets or
financial
liabilities using
the best and the
most relevant
data available.
The fair values
of financial
assets and
liabilities are
included at the
amount that
would be
received to sell
an asset or paid
to transfer a
liability in an
orderly
transaction
between
market
participants at
the
measurement
date.

Specific
valuation
technique used
to value
financial
instruments
includes:
>the use of
quoted market
prices or dealer
quotes for
similar
financial
instruments.
>the fair
value of
financial assets
and liabilities

266
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

at amortized
cost is
determined
using

267
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

discounted
cash flow
analysis.

The following
method and
assumptions
are used to
estimate fair
values

The carrying
amount of
Trade
receivables,
other bank
balances, cash
and cash
equivalents,
trade payables,
and other
financial
liabilities are
considered to
be their fair
value due to
their short-term
nature.

Financial risk
management
35
objectives and
policies

The Company's
principal
financial
liabilities
comprise trade
and other
payables and
other financial
liabilities. The
main purpose
of these
financial
liabilities is to
finance the
Company's
operations. The
Company's
principal
financial assets
include loans,
trade and other
receivables,

268
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

cash and cash

equivalents,
unbilled
receivables and
other financial
assets that

269
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

derive directly
from its
operations.

The Company
is exposed to
market risk,
credit risk and
liquidity risk.
The Company
senior
management
oversees the
management of
these risks. The
Company's
senior
management
reviews the
financial risks
and the
appropriate
financial risk
governance
framework for
the Company.
The Company
financial risk
activities are
governed by
appropriate
policies and
procedures and
that financial
risks are
identified,
measured and
managed in
accordance
with the
Company's
policies and
risk objectives.

A. Market risk

Market risk is

270
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

the risk that the

fair value of
future cash
flows of a
financial
instrument will
fluctuate
because of
changes in
market prices.
Market risk
comprises of
three types of
risk: currency
risk, interest
rate risk and
equity price
risk. The
currency risk
and equity

271
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

price risk is not

applicable for
the Company.

i) Interest rate
risk

As at the
reporting date
the interest rate
profile of the
Company’s
Interest-bearing
financial
instruments
was as
follows:-

As at March 31,
As at March 31, 2024 As at April 1, 2022
2023

Fixed rate
instruments

Deposit
accounts (with
original
15,794.94 11,280.00 7,670.47
maturity of 3
months or less)

Deposits with
original
maturity for
more than 3 1.88 184.96 240.07
months but less
than 12 months

15,796.82 11,464.96 7,910.54

Fair value
sensitivity
Analysis for
fixed rate
instruments

272
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

The Company
does not
account for any
fixed rate
financial
instrument at
fair value
through profit
or loss.
Therefore, a
change in
interest rates at
the reporting
date would not
affect profit or
loss.

ii) Foreign
currency risk

Foreign
currency risk is
the risk that the
fair value or
future cash
flows of an
exposure will
fluctuate
because of
changes in
foreign
exchange rates.
The Company
is exposed to
foreign
currency risk
arising out of
import/exports
of goods and
services. As at
31 March
2024, 31
March 2023
and 01 April
2022, the
Company
having
exposure in
United State
Dollar (USD)
and Japanese
Yen (JPY) and
which is not
hedged by a
derivative
instrument.
The carrying
amounts of the
Company's
foreign

273
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

currency
denominated
monetary
assets and
monetary
liabilities
(unhedged
foreign
currency
exposures) at
the end of the

274
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

reporting
period are as
follows:

Particulars As at March 31, 2024 As at March 31, 2023 As at April 01, 2022

Foreign currency INR Foreign currency INR Foreign currency INR

Financial assets

United State
Dollar (USD) 0.22 17.95 0.18 14.85 5.64 42

Japanese Yen
(JPY) 19.50 10.73 34.96 21.62 30.67 1

Financial
liabilities

United State
Dollar (USD) 0.28 23.74 0.19 15.58 1.00 7

Japanese Yen
(JPY) 195.24 10.75 125.11 77.39 63.57 3

Foreign
Currency
Sensitivity

The following
tables
demonstrate
the sensitivity
to a reasonably
possible
change in USD
& JPY, with all
other variables
held constant.
The impact on
the comapny’s
profit before
tax is due to
changes in the
fair value of
monetary
assets and
liabilities. The

275
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Group’s
exposure to
foreign
currency
changes for all

276
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

other
currencies is
not material.

As at March 31, 2024 As at March 31, 2023 As at April 01, 2022

Effect on profit Effect on profit before Effect on profit

Increase/Decrease in Increase/Decrease in Increase/Decrease
before tax tax before tax
Rate Rate in Rate
(INR lacs) (INR lacs) (INR lacs)

USD +/(-) 5% +/(-) 5% +/(-) 5% -17.58

0.29 0.04

JPY +/(-) 5% +/(-) 5% +/(-) 5%

0.00 2.79

B. Credit risk

Credit risk is
the risk that
counterparty
will not meet
its obligations
under a
financial
instrument or
customer
contract,
leading to a
financial loss.
The Company
is exposed to
credit risk from
its operating
activities
(primarily trade
receivables).
The Company
generally deals
with parties
which has good
credit rating/
worthiness or
based on
Company
internal
assessment as
listed below.

277
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

As at March 31,
Particulars As at March 31, 2024 As at April 1, 2
2023

Trade
receivables 9,648.64 7,480.42 6,32

Other Financial
Assets 283.69 246.65 37

Total 9,932.33 7,727.07 6,69

a) Trade
receivables as
stated above
are due from
the parties
which have
good credit
worthiness and
are under
normal course
of the business
and as such the
Company
believes
exposure to
credit risk to be
minimal.

b) Other
financial assets
mainly include
security
deposits where
the credit risk
is envisaged to
be minimal.
The Company
has not
acquired any
credit impaired
asset. There
was no
modification in
any financial
assets.

278
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

a) Provision for
expected credit
loss

The Company
provides for
loss allowance
based 12
months credit
loss except in
the case of
trade
receivables
which are
provided based
on life-time
credit loss. For
the assessment
of 12 months
of life time
expected credit
loss, assets are
classified into
three categories
as standard,
sub-standard
and doubtful
based on the
counter-party's
capacity to
meet the
obligations and
provision is
determined
accordingly.
Standard assets
are those where
the risk of
default is
negligible,
sub-standard
are those where
the credit risk
is significantly
increased since
inception and
doubtful assets
are those where
the assets are
impaired. Nil
expected credit
loss is recorded
by the
Company for
the year ended
March 31,
2024 and
March 31,
2023.

279
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

C. Liquidity
risk

The Company
manages
liquidity risk
by maintaining
adequate
reserves,
banking
facilities, by
continuously
monitoring
forecast and
actual cash
flows and
matching the
maturity
profiles of
financial assets
and liabilities.
The Company
has access to a
sufficient
variety of
sources of
funding.

The table
below
summarizes the
maturity profile
of the
Company’s
financial
liabilities based
on contractual
undiscounted
payments.

Particulars Less than 1 year 1-2 years 2-5 years More than 5 yea

Year ended
March 31,
2024

Lease liability
410.81 364.75 1,089.30 93

280
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Trade payables 6,025.15

Other financial
liabilities 132.17

6,568.13 364.75 1,089.30 93

Particulars Less than 1 year 1-2 years 2-5 years More than 5 ye

Year ended
March 31,
2023

Lease liability
492.33 380.40 978.71 1,09

Trade payables
6,309.03

Other financial
liabilities 28.18

6,829.54 380.40 978.71 1,09

Particulars Less than 1 year 1-2 years 2-5 years More than 5 ye

Year ended
April 1, 2022

Lease liability
279.46 252.93 303.69 29

Trade payables
6,157.65

Other financial
liabilities 65.11

281
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

6,502.22 252.93 303.69 29

Capital
36
management

The primary
objective of the
Company’s
capital
management is
to support
business
continuity and
growth of the
company while
maximizing the
shareholder
value. The
Company
determines the
capital
requirement
based on
annual
operating plans
and long-term
and other
strategic
investment
plans. The
funding
requirements
have been
generally met
through
operating cash
flows
generated.

37 Leases

The Company has adopted Ind AS 116, effective annual reporting period

282
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

beginning April 01, 2022 and has applied the standard to all its leases, with the

283
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

cumulative effect of initially applying the standard, recognised on the date of

initial application (April 1, 2022) as an adjustment to the opening balance of
retained earnings as on April 1, 2022.

On transition, the Company recognised a lease liability measured at the present

value of the remaining lease payments. The right-of-use asset is recognised at
an amount equal to the lease liability, adjusted by the amount of prepaid or
accured lease payments relating to the lease recognised in the Balance Sheet
immediately before the date of transition to Ind AS discounted using the
lessee’s incremental borrowing rate as at April 01, 2022. Accordingly, a
right-of-use asset of Rs 911.87 lacs and a corresponding lease liability of Rs
914.36 lacs has been recognized. The principal portion and interest of the
lease payments have been disclosed under cash flow from financing activities.
On application of Ind AS 116, the nature of expenses has changed from lease
rent in previous periods to depreciation cost for the right-of-use asset, and
finance cost for interest accrued on lease liability.

(a) Company as lessee

The Company leases office premises, warehouses and guest house. These
leases typically run for 2-10 years that include extension and termination
options and variable lease payments.

Information about the leases for which the Company is a lessee is presented
below:

Right-of-use assets:

Set out below are the carrying amounts of Right-of-use assets and the
movement during the year:

Particulars

Right of use as at April 01, 2022

284
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Total right of use as at April 01, 2022 911.87

Addition during the year

1,711.13

Deletion/termination during the year

(20.25)

Depreciation
(386.07)

Total right of use as at March 31, 2023 2,216.68

Addition during the year

266.89

Deletion/termination during the year

(12.01)

Depreciation
(431.71)

Total right of use as at March 31, 2024 2,039.85

Lease liabilities:

Set out below are the carrying amounts of lease liabilities and the movement
during the year:

Particulars

Lease liabilities as at April 01, 2022 914.36

Addition during the year

1,636.19

Deletion/termination during the year

(21.03)

Accretion of interest
150.45

285
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Payments (including interest) (438.68)

Total lease liabilities as at March 31, 2023 2,241.29

Addition during the year

256.50

Deletion/termination during the year

(13.02)

Accretion of interest
170.38

Payments (including interest)

(503.63)

Total lease liabilities as at March 31, 2024 2,151.52

The maturity analysis of lease liabilities is given in Note 36 in the ‘Liquidity

risk’ section.

As at As at
As at
March 31, March 31,
April 01, 2022
2024 2023

Current
260.87 336.73 220.36

Non-current
1,890.64 1,904.56 694.00

2,151.51 2,241.29 914.36

The effective interest rate for lease liabilities is 7.1-8.4% (March 31, 2023:
7.0-7.8%; April 01, 2022: 7.0-7.8%)

286
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Below are the amounts recognised by the Company in the statement of profit
and loss:

Year ended Year ended

Particulars March 31, March 31,
2024 2023

Depreciation of right-of-use assets

431.71 386.07

Interest on lease liabilities

170.38 150.45

Variable lease payments not included in the measurement of lease liabilities

Expenses relating to leases of low-value assets and short-term leases

137.37 153.27

Total 739.46 689.79

Below is the amount recognised by the Company in the statement of cash

flows:

Year ended Year ended

Particulars March 31, March 31,
2024 2023

Cash outflow included in financing activity for repayment of principal during

the year 170.38 150.45

Cash outflow included in financing activity for repayment of interest during

the year (503.63) (438.68)

Cash flows from operating activities include cash flows from short-term lease
and leases of low-value assets. Cash flows from financing activities include the
payment of interest and the principal portion of lease liabilities.

287
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

288
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

business needs. Management exercises significant judgement in determining

whether these extension and termination options are reasonably certain to be
exercised.

39 First Time Adoption of Ind AS

As stated in note 2 "Material

Accounting Policies", these are
the Company’s first financial
statements prepared in
accordance with Ind AS.

For the year ended 31 March

2023, the Company had prepared
its financial statements in
accordance with Companies
(Accounting Standards) Rules,
2006, notified under Section 133
of the Act and other relevant
provisions of the Act ('previous
GAAP'). The accounting policies
set out in note 2 have been
applied in preparing the financial
statements for the year ended
March 31, 2024, the comparative
information presented in these
financial statements for the year
ended March 31, 2023 and in the
preparation of an opening Ind AS
balance sheet at April 01, 2022
(the Company’s date of
transition). In preparing its
opening Ind AS balance sheet as
at April 01, 2022 and in
presenting the comparative
information for the year ended
March 31, 2023, the Company
has adjusted amounts reported
previously in financial statements
prepared in accordance with
previous GAAP. An explanation
of how the transition from
previous GAAP to Ind AS has
affected the Company’s balance
sheet, statement of profit or loss
and cash flows is set out in the
following tables and the notes
that accompany the tables.

Exemptions and exceptions

availed

Set out below are the applicable

Ind AS 101 optional exemptions
and mandatory exceptions
applied in the transition from
previous GAAP to Ind AS.

289
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

A. Ind AS optional exemptions

(i) Deemed cost

Ind AS 101 permits a first-time

adopter to elect to continue with
the carrying value for all of its
property, plant and equipment as
recognised in the financial
statements as at the date of
transition to Ind AS, measured as
per the previous GAAP and use
that as its deemed cost as at the
date of transition after making
necessary adjustments for
decommissioning liabilities. This
exemption can also be used for
intangible assets covered by Ind
AS 38 Intangible Assets.

Accordingly, the Company has

elected to measure all of its
property, plant and equipment
and intangible assets at their
previous GAAP carrying value
on the date of transition to Ind
AS.

(ii) Leases

Ind AS 116 requires an entity to

assess whether a contract or
arrangement contains a lease. In
accordance with Ind AS 116, at
the inception of the contract, an
entity shall assess whether the
contract is, or contains, a lease.
Ind AS 101 provides an option to
make this assessment on the basis
of facts and circumstances
existing at the date of transition
to Ind AS, except where the
effect is expected to be not
material. The Company has
elected to apply this exemption
for such contracts/arrangements.

(iii) Revenue

The Company has applied Ind

290
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

AS 115 'Revenue from contracts

with customers' to contracts that
are not completed on transition
date. Further, the Company has
applied full restrospective
approach on transition date

291
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

subject to some practical

expedients as prescribed by the
standard.

B. Ind AS mandatory exceptions

(i) Estimates

As per Ind AS 101, an entity's

estimates in accordance with Ind
AS at the date of transition to Ind
AS at the end of the comparative
period presented in the entity's
first Ind AS financial statements,
as the case may be, should be
consistent with estimates made
for the same date in accordance
with the previous GAAP unless
there is objective evidence that
those estimates were in error.
However, the estimates should be
adjusted to reflect any differences
in accounting policies.
As per Ind AS 101, where
application of Ind AS requires an
entity to make certain estimates
that were not required under
previous GAAP, those estimates
should be made to reflect
conditions that existed at the date
of transition (for preparing
opening Ind AS balance sheet) or
at the end of the comparative
period (for presenting
comparative information as per
Ind AS).
The Company's estimates under
Ind AS are consistent with the
above requirement. Key
estimates considered in
preparation of the financial
statements that were not required
under the previous GAAP are
listed below:
- Impairment of financial assets
based on the expected credit loss
model.
- Determination of the discounted
value for financial instruments
carried at amortised cost.
- Determination of incremental
borrowing rate for measurement
of lease liabilities and
corresponding right of use assets.

- Determination of Transaction
price.

292
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Classification and measurement

(ii)
of financial assets

Ind AS 101 requires entity to

assess the classification and
measurement of financial assets
on the basis of facts and
circumstances existed at the date
of transition to Ind AS.
Accordingly classification and
measurement of financial assets
have been made on the basis of
facts and circumstances that exist
at the date of transition to Ind
AS. Further, the standard permits
measurement of financial assets
accounted at amortised cost
based on facts and circumstances
existing at the date of transition if
retrospective application is
impracticable.

Accordingly, the Company has

determined the classification of
financial assets based on facts
and circumstances that exist on
the date of transition.
Measurement of the financial
assets accounted at amortised
cost has been done
retrospectively except where the
same is impracticable.

Derecognition of Financial
(iii)
Assets and Financial liabilities:

Ind AS 101 requires a first time

adopter to apply the
derecognition provisions of Ind
AS 109 prospectively for
transactions occuring on or after
the date of transition to Ind AS.
However Ind AS 101 allows a
first time adopter to apply the
derecognition requirements in
Ind AS 109 from the date of
entity's choosing, provided that
the information needed to apply
Ind AS 109 to financial assets
and financial liabilities
derecognised as a result of past
transactions was obtained at the
time of initially accounting for
those transactions. The Company
has elected to apply the
derecognition provisions
prospectively for transactions
occuring on or after the date of
transition to Ind AS.

293
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Reconciliations between previous

C.
GAAP and Ind AS

Ind AS 101 requires an entity to

reconcile equity, total
comprehensive income and cash
flows for prior periods. The
following tables represent the
reconciliations from previous
GAAP to Ind AS.

Reconciliation of equity

As at April 01, As at March 31,

Particulars Note
2022 2023

Previous
Particulars Adjustments Ind AS Previous GAAP* Adjustments Ind AS
GAAP*

ASSETS

Non-current assets

- -
Property, plant and equipment
678.51 678.51 665.43 665.43

- -
Intangible assets
33.09 33.09 34.16 34.16

- -
Right-of-use assets a
911.87 911.87 2,216.68 2,216.68

Financial assets

a&
(i) Other financial assets 19.52
e 48.45 67.97 196.34 (45.97) 150.37

294
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Deferred tax assets (net) d 1,033.75 2.10 1,035.85 879.17 25.33 904.50

- -
Non-current tax assets (net)
695.97 695.97 695.97 695.97

Other non-current assets e

490.62 (22.54) 468.08 421.25 (17.24) 404.01

Total Non-current assets 2,980.39 910.95 3,891.34 2,892.32 5,071.12

2,178.80

Current assets

-
Inventories e
9,192.37 9,192.37 12,333.45 (472.84) 11,860.61

Financial assets

- -
(i) Trade receivables
6,397.86 6,397.86 7,554.80 7,554.80

- -
(ii) Cash and cash equivalents
13,764.62 13,764.62 19,252.95 19,252.95

(iii). Bank balances other than (ii) - -

above 240.07 240.07 184.96 184.96

(iv) Other financial assets e 53.12

253.96 307.08 76.64 19.64 96.28

Other current assets e

284.12 (53.12) 231.00 474.48 453.20 927.68

- -
Total Current assets 30,133.00 30,133.00 39,877.28 39,877.28

Total assets 33,113.39 910.95 34,024.34 42,769.60 44,948.40

2,178.80

EQUITY AND LIABILITIES

295
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Equity

- -
Equity share capital
3,000.00 3,000.00 3,000.00 3,000.00

Other equity
20,768.21 (6.25) 20,761.96 29,670.11 (76.39) 29,593.72

Total equity 23,768.21 23,761.96 32,670.11 32,593.72

(6.25) (76.39)

Liabilities

Non-current liabilities

Financial Liabilities

- -
(i) Lease liabilities a
694.00 694.00 1,904.56 1,904.56

- -
Provisions
1,618.26 1,618.26 1,260.48 1,260.48

a&
Other non-current liabilities 2.84
c 11.00 13.84 20.58 12.56 33.14

Total Non-current liabilities 1,629.26 696.84 2,326.10 1,281.06 3,198.18

1,917.12

Current liabilities

Financial Liabilities

- -
(i) Lease liabilities a
220.36 220.36 336.73 336.73

(ii) Trade payables

- total outstanding dues of

micro - -
enterprises and small 277.19 277.19 190.53 190.53
enterprises;

296
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

- total outstanding dues of

- -
5,252.09 5,252.09 5,065.64 5,065.64

297
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

creditors other then micro

enterprises and small
enterprises;

-
Unbilled & Accruals e
628.37 628.37 1,843.54 (790.68) 1,052.86

- -
(iii) Other financial liabilities
65.11 65.11 28.18 28.18

c& -
Other current liabilities
e 864.16 864.16 933.82 792.02 1,725.84

- -
Provisions
221.96 221.96 216.53 216.53

- -
Current tax liabilities (net)
407.04 407.04 540.19 540.19

Total Current liabilities 7,715.92 220.36 7,936.28 8,818.43 9,156.50

338.07

Total equity and liabilities 33,113.39 910.95 34,024.34 42,769.59 44,948.40

2,178.80

Reconciliation of total comprehensive income

for the year ended March 31, 2023

Previous
Particulars Note Adjustments Reclassifications Ind AS
GAAP

Revenue

Revenue from contracts with customers c -

68,391.58 (984.48) 67,407.10

Other income a 6.75 -

940.04 946.79

Total income 69,331.62 (977.73) - 68,353.89

298
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Expenses

Purchase of traded goods - -

48,427.20 48,427.20

Changes in inventories of stock in trade - -

(3,130.60) (3,130.60)

Employee benefits expense b 76.98 -

3,541.04 3,618.02

Finance costs a&e - 13.58

150.45 164.03

Depreciation and amortisation expense a -

293.76 386.07 679.83

a, c
Other expenses (13.58)
&e 8,115.91 (1,420.88) 6,681.45

Total expenses 57,247.31 (807.38) - 56,439.93

Profit before tax 12,084.31 (170.35) - 11,913.96

Income Tax expense

(i) Current tax - -

3,027.83 3,027.83

(ii) Deferred tax d -

154.59 (42.61) 111.98

Profit for the year 8,901.89 (127.74) - 8,774.15

Other comprehensive income

A. Items that will not be reclassified to profit or

loss

Re-measurement gains (losses) on defined

299
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

benefit plans b - 76.98 - 76.98

Income tax effect of defined benefit plans d - -

(19.37) (19.37)

Other comprehensive income for the year, net of

- 57.61 -
tax 57.61

Total comprehensive income for the year 8,901.89 (70.13) - 8,831.76

Reconciliation of Statement of Cash Flow for the

year ended 31st March, 2023

Particulars Previous GAAP* Adjustments Ind AS

Net Cash flow from Operating Activities 475.64

4,866.67 5,342.31

Net Cash flow from Investing Activities (36.96)

621.66 584.70

Net Cash flow from/(used in) Financing

- (438.68)
Activities (438.68)

Net Increase/(Decrease) in Cash and Cash

5,488.33 - 5,488.33
Equivalents

Cash and Cash equivalents at the Beginning of

-
the Period 13,764.62 13,764.62

Cash and Cash equivalents at the End of the

-
Period 19,252.95 19,252.95

*The previous GAAP figures have been

reclassified to conform to Ind AS presentation
requirements for the purposes of this note.

Reconciliation of total other equity as at March

300
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

31, 2023 and April 01, 2022

As at
As at
Note April 01,
March 31, 2023
2022

Total other equity (shareholder's funds) as per

29,670.11 20,768.21
Previous GAAP

Adjustments:

Opening retained earning adjustments

Impact of Ind AS 116 - Leases a (67.24) 5.49

Impact of Ind AS 115 - Revenue from contract

c (34.50)
with Customers (13.84)

Impact of Ind AS 12 - Tax impact on above

d 25.35 2.10
adjustments

Total Adjustments (76.39) -6.25

Total other equity as per Ind AS 29,593.72 20,761.96

Breakup of total other equity as at April 01, 2022

Total Other Equity 20,761.96

Retained Earnings
20,704.94

Remeasurement of defined benefit plans

57.02

301
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

302
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

D. Notes to first-time adoption:

a. Leases and Security Deposits

Under Ind AS 116, all lease contracts, with limited

exceptions for short-term and low value assets, are
recognised in the financial statements by way of right of
use assets and corresponding lease liabilities. The
Company has adopted the Modified retrospective
approach as per Ind AS 116 to account for Leases as at
the date of transition. Accordingly, the Company has
recognised Lease Liability and Right of Use Assets and
the difference in carrying amount of Right of Use Assets
and Lease Liabilities as at the date of transition to Ind
AS has been recognised in Retained Earnings along with
the adjustments for balance for lease equilization reserve
and expenses related to leases recorded under rates and
taxes. The principal portion and interest of the lease
payments have been disclosed under cash flow from
financing activities. On application of Ind AS 116, the
nature of expenses has changed from lease rent in
previous GAAP to depreciation cost for the right-of-use
asset, and finance cost for interest accrued on lease
liability.

Under the previous GAAP, interest free security deposits

(that are refundable in cash on completion of the
contract) are recorded at their transaction value. Under
Ind AS 109, all financial asset are required to be
recognised at fair value. Accordingly, the Company has
fair valued these security deposits under Ind AS.
Difference between the fair value and transaction value
of the security deposit has been capitalised to the ROU
assets and respective expense will be amortized over the
period on straight-line basis. Interest income will be
recognized on the present value of the asset based on
EIR method.

The related impact on Other equity, Balance sheet and

Statement of profit and loss is given below:

As at For the year ended As at

1 April 2022 31 March 2023 31 March 2023

Impact of Ind AS adjustment

Impact of Ind AS 116 - Leases -5.49 72.73 67.24

Balance Sheet

303
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Other equity -5.49 72.73 67.24

Right-of- use asset 911.87 1,304.81 2,216.68

Lease liabilities- Current -220.36 -116.37 -336.73

Lease liabilities- Non Current -694.00 -1,210.56 -1,904.56

Other non-current liabilities 11.01 9.58 20.58

Other financial assets - Security Deposits -3.02 -60.19 -63.21

Statement of Profit and Loss

Other income 6.75

Depreciation and amortisation expense -386.07

Finance Cost -150.45

Other Expenses 457.05

Remeasurements of post-employment benefit

b.
obligations

Under Ind AS 19, remeasurements i.e. actuarial gains

and losses and the return on plan assets, excluding
amounts included in the net interest expense on the net
defined benefit liability are recognised in other
comprehensive income instead of profit or loss. Under
the previous GAAP, these remeasurements were
forming part of the profit or loss for the year. Other
comprehensive income recognised during the year ended
March 31, 2023 of Rs. 76.98.

As at For the year ended As at

1 April 2022 31 March 2023 31 March 2023

Impact of Ind AS adjustment - -

57.02

304
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Statement of Profit and Loss

-
Employee benefit expenses (76.98) -

Other comprehensive income

A. Items that will not be reclassified to profit or loss

-
Re-measurement gains (losses) on defined benefit plans 76.98 -

c. Revenue from operations

Under the previous GAAP, revenue is recognised in

entirely when care package is purchased by ultimate
customer through distributors at point in time. Under the
Ind AS 115, extended warranty (service type warranty),
a portion of transaction price is allocated to service type
warranty and recognised as a contract liability. Revenue
from extended warranty should be booked over the
period of time in which service is provided based on
time elapsed rather than at a point in time and recognises
the costs associated with providing the service-type
warranty as they are incurred.

Under previous GAAP, revenue from sale to distributors

is recognized by the amount of consideration received
from distributors for all the products sold less trade
discount. Along with this, certain schemes based volume
discount/ Promo codes/festive offers were provided to
the distributors and the same was disclosed as
“Distributor & dealer Incentive” expense and “After
Sales Scheme Incentives” expense . Under the Ind AS,
such Discounts offered to distributors are in the nature
of variable consideration and hence, should be netted off
from transaction price. The related impact on Other
equity, Balance sheet and Statement of profit and loss is
given below:

As at For the year ended As at

1 April 2022 31 March 2023 31 March 2023

Impact of Ind AS adjustment 13.84 20.66 34.50

Balance Sheet

305
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Other equity 13.84 20.66 34.50

Other current liabilities - Contract Liabilities -13.84 -20.66 -34.50

Statement of Profit and Loss

-
Revenue from operations -20.66 -

As at For the year ended As at

1 April 2022 31 March 2023 31 March 2023

-
Impact of Ind AS adjustment - -

Statement of Profit and Loss

-
Revenue from operations -963.82 -

-
Other Expenses 963.82 -

d. Deferred Tax

Under the previous GAAP, Deferred tax is recognized

based on the timing differences between taxable income
and accounting income. Deferred tax assets are
recognised only to the extent there is reasonable
certainty that the assets can be realised in the future.
Under Ind AS 12, deferred tax is calculated using
Balance Sheet Approach that identifies differences
between the carrying value of all balances in the balance
sheet and their underlying tax base. deferred tax asset
arising from unused tax losses or tax credits are
recognized only to the extent that it has sufficient

306
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

taxable temporary differences or there is other

convincing evidence that sufficient taxable profit will be
available. Deferred tax in relation to Ind AS adjustments
recognized in Other equity / Statement of profit and loss
/ Other comprehensive income to be recognized in Other
equity / Statement of profit and loss / Other
comprehensive income respectively.

Under Ind AS 19, remeasurements i.e. actuarial gains

and losses and the return on plan assets, excluding
amounts included in the net interest expense on the net
defined benefit liability are recognised in other
comprehensive income instead of profit or loss along
with the related taxes. Under the previous GAAP, these
remeasurements were forming part of the profit or loss
for the year.

307
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

The related impact on Other equity, Balance sheet,

Statement of profit and loss and Other comprehensive
income is given below:

As at For the year ended As at

1 April 2022 31 March 2023 31 March 2023

Impact of Ind AS adjustment (2.10) (23.25) (25.35)

Balance Sheet

Other equity (2.10) (23.25) (25.35)

Deferred Tax Asset 2.10 23.25 25.35

Statement of Profit and Loss

Tax Expense

Deferred Tax (42.61)

Statement of Other Comprehensive Income

Income tax effect of defined benefit plans 19.36

e. Reclassifications due to Ind AS

a. Under Ind AS, to account for provision for expected

return the Company:-
- Derecognized revenue in respect of products
expected to be returned;
- Recognized Refund Liability in respect of such sale
return;
- Recorded an asset (and corresponding adjustment to
cost of sales) for its right to recover products from
customers on settling the refund liability.
Also, value of goods expected to be returned will now
not be adjusted with Inventory but will be shown under
“other assets” as “Right to return asset”. Necessary

308
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

adjustments are made as below to give the required

impact.
b. Under the previous GAAP, bank charges are clubbed
in Miscellaneous expenses under other expenses
whereas as per Ind AS it is classified under Finance
costs.
c. Under the previous GAAP, Loans to employees were
classified under Loan-term loans and advances whereas
as per Ind AS it is classified under Other financial asset.

As at For the year ended As at

1 April 2022 31 March 2023 31 March 2023

-
Impact of Ind AS adjustment - -

Balance Sheet

Other financial assets - non-current 22.54 - 17.24

Other non-current assets - non-current -22.54 - -17.24

Other financial assets - current 53.12 - 19.64

Other non-current assets - current -53.12 - 453.20

-
Inventories - -472.84

-
Trade payables - -790.68

-
Other current liabilities - 790.68

309
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Statement of Profit and Loss

-
Finance Cost -13.58 -

-
Other Expense 13.58 -

The Company has established a comprehensive system on maintenance of information and documents as required by the transfer
pricing legislation under Section 92-92F of the Income Tax Act, 1961. Since the law requires existence of such information and
documentation to be contemporaneous in nature, the Company is in the process of updating the documentation for the
international transactions entered into with the associated enterprises during the financial year and expects such records to be in
40
existence by due date as required under the law. The management is of the opinion that its international transactional are at arm’s
length so that the aforesaid legislation will not have any impact on the financial statements, particularly on the amount of tax
expense and that of provision for taxation.

Other Financial Information

(i) The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company for
holding any Benami property.
(ii) The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with
Companies (Restriction on number of Layers) Rules, 2017. No layers of companies has been established beyond the limit
prescribed as per above said section / rules.
(iii) No bank or financial institution has declared the company as ""Willful defaulter"".
(iv) No transaction has been made with the company struck off under section 248 of the Companies Act, 2013.
(v) The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.
(vi) The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.
(vii) No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or
kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities (“Intermediaries”) with the
understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identifiedby or on
behalf of the Company (Ultimate Beneficiaries). The Company has not received any fund from any party(s) (Funding Party) with
the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or
on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.
(viii) There is no such income which has not been disclosed in the books of accounts. None of undisclosed income is surrendered
or disclosed as income during the period under Income Tax Act, 1961."
(ix) The Company did not have any long-term contracts including derivative contracts for which there were any material
foreseeable losses.
(x) There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.

(xi) The Company does not have any immovable properties (other than properties where the Company is the lessee and the lease
agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the Company.

310
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[611800] Notes - Revenue

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023
to
31/03/2024
Textual information (55)
Disclosure of revenue [TextBlock] [See below]

311
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (55)

Disclosure of revenue [Text Block]

g. Revenue from operations and Other income

Revenue from contracts with customers is recognised when control of the goods or services are transferred to the customer at an
amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services.
The Company recognises revenue when the control of goods being sold is transferred to the customer and when there are no longer
any unfulfilled obligations. The performance obligations in the contracts are fulfilled based on various customer terms including at
the time of delivery of goods, dispatch or upon customer acceptance based on various distribution channels. The Company has
generally concluded that it is the principal in its revenue arrangements, because it typically controls the goods or services before
transferring them to the customer.

Revenue recognised from major activities is as below

a) Sale of products
Revenue from the sale of products is recognised at the point in time when control of the goods is transferred to the customer and in
case of export sales of goods, it takes place on dispatch of goods from the customs port.
Revenue is measured based on the transaction price, which is the consideration, net of customer incentives, discounts, variable
considerations, payments made to customers, other similar charges, as specified in the contract with the customer. Additionally,
revenue excludes taxes collected from customers, which are subsequently remitted to governmental authorities.

A contract liability is the obligation to transfer goods or services to a customer for which the Company has received consideration
from the customer. If a customer pays consideration before the Company transfers goods or services to the customer, a contract
liability is recognised when the payment is received.

b) Rendering of services
Revenue from a contract to provide services is recognised over the period of rendering of services in accordance with terms of
contract.

19 Revenue from operations

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Sale of Product
76,741.60 66,775.24

Sale of Service
658.36 626.89

312
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Other Operating Revenue 8.22 4.97

Total revenue 77,408.18 67,407.10

Notes:

i) Disaggregation of Revenue

In the following tables, revenue is disaggregated by product group and by

geography. This is consistent with the revenue information that is disclosed
for each reportable segment under Ind AS 108. The Company believes that
this disaggregation best depicts how the nature, amount, timing and
uncertainty of our revenues and cash flows are affected by industry, market
and other economic factors.

a) Disaggregation of revenue by product group

(i) Sale of product comprises:

- Watches and clocks

41,422.81 31,609.51

- Calculators
26,187.18 25,477.73

- Electronic musical instruments

8,186.06 8,737.01

- Label printers
538.61 541.38

- Spares and others

406.94 409.61

76,741.60 66,775.24

313
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

(i) Sale of Service comprises:

- Service Support Fees

551.81 547.86

- Service charges
99.67 46.97

- Other Service support Income

6.88 10.13

-
- Call centre Support Fees
21.93

658.36 626.89

(ii) Other operating revenues comprises:

- Scrap Sales
8.22 4.97

8.22 4.97

b) Disaggregation of Revenue by Geography

Year ended Year ended

Particulars
March 31, 2024 March 31, 2023

Within India
74,576.85 63,639.58

Outside India
2,831.33 3,767.52

Total Revenue . 77,408.18 67,407.10

314
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

ii) Performance obligations

Revenue from the sale of products is recognised at the point in time when
control over the products is passed to the customers in accordance with
contractual terms. Control is defined as the ability to direct the use and
obtain substantially all the economic benefits from an asset.

iii) Reconciliation of revenue recognised with contract price

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Contract price
79,487.39 68,370.93

Less: Reduction towards variable consideration

(2,079.21) (963.83)

Revenue from contracts with customers 77,408.18 67,407.10

Trade receivables and Contract Balances

For the year ended For the year ended For the year ended
Particulars
March 31, 2024 March 31, 2023 April 01, 2022

Trade receivables
9,720.88 7,554.80 6,397.86

Contract liabilities
315.38 129.63 445.87

The Company receives payment from customer based on the billing

schedule, as established in contracts.

Contract asset relates to Company's conditional right to the consideration

for the completed performance under the contract. Trade receivable is
recognised when the right to consideration becomes unconditional.

Contract Liability represents payment received in advance of the

performance under the contract. These are recognised as revenue as (and
when) performance is accomplished under the contract.

315
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Changes in Contract liabilities

The following table shows how much of the revenue recognized in current
year relates to carried forward contract liabilities and how much relates to
performance obligations that were satisfied in prior year

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Opening Balances
129.63 445.87

Additions during the year

282.24 115.79

Revenue recognized during the year that was included in the contract
liability balance at the beginning of year (96.49) (432.03)

Closing Balalnce 315.38 129.63

Right of return assets and refund liabilities

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Right of return assets

284.45 472.83

Refund liabilities

Arising from rights of return

445.56 790.64

316
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[612400] Notes - Service concession arrangements

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Disclosure of service concession arrangements [TextBlock]
Whether there are any service concession arrangments No No

[612000] Notes - Construction contracts

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Disclosure of notes on construction contracts [TextBlock]
Whether there are any construction contracts No No

317
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[612600] Notes - Employee benefits

Disclosure of net defined benefit liability (assets) [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Net defined benefit liability (assets) [Axis] Net defined benefit liability (assets) [Member]
Defined benefit plans categories [Axis] 1 2
01/04/2023 01/04/2022 01/04/2023
to to 31/03/2022 to
31/03/2024 31/03/2023 31/03/2024
Disclosure of net defined benefit liability
(assets) [Abstract]
Disclosure of net defined benefit liability
(assets) [Line items]
Refer to child
Description of type of plan Refer to child member Refer to child member
member
Changes in net defined benefit liability
(assets) [Abstract]
Current service cost, net defined
0 0 47.74
benefit liability (assets)
Interest expense (income), net defined
0 0 30.72
benefit liability (assets)
Gain (loss) on remeasurement, net
defined benefit liability (assets)
[Abstract]
Return on plan assets, net defined
0 0 0
benefit liability (assets)
Actuarial losses (gains) arising from
changes in demographic assumptions,
0 0 -0.15
net defined benefit liability
(assets)
Actuarial losses (gains) arising from
changes in financial assumptions, net 0 0 -7.54
defined benefit liability (assets)
Loss (gain) on changes in effect of
limiting net defined benefit
assets to assets ceiling, net 0 0 0
defined benefit liability
(assets)
Total loss (gain) on
remeasurement, net defined 0 0 -7.69
benefit liability (assets)
Past service cost and gains (losses)
arising from settlements, net defined
benefit liability (assets) [Abstract]
Past service cost, net defined
0 0 0
benefit liability (assets)
Losses (gains) arising from
settlements, net defined benefit 0 0 0
liability (assets)
Net past service cost and gains
(losses) arising from settlements,
0 0 0
net defined benefit liability
(assets)
Increase (decrease) through changes in
foreign exchange rates, net defined 0 0 0
benefit liability (assets)
Contributions to plan, net defined
benefit liability (assets) [Abstract]
Contributions to plan by employer,
net defined benefit liability 0 0 173.68
(assets)
Contributions to plan by plan
participants, net defined 0 0 0
benefit liability (assets)
Total contributions to plan, net
0 0 173.68
defined benefit liability (assets)

318
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Payments from plan, net defined benefit

0 0 0
liability (assets)
Payments in respect of
settlements, net defined benefit 0 0 0
liability (assets)
Increase (decrease) through business
combinations and disposals, net defined 0 0 0
benefit liability (assets)
Increase (decrease) through other
changes, net defined benefit 3.04 0 -11.95
liability (assets)
Total increase (decrease) in net
3.04 0 -99.48
defined benefit liability (assets)
Net defined benefit liability (assets) at
133.46 130.42 130.42 314.77
end of period

319
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of net defined benefit liability (assets) [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Net defined benefit liability (assets) Present value of defined benefit
Net defined benefit liability (assets) [Axis]
[Member] obligation [Member]
Defined benefit plans categories [Axis] 2 1
01/04/2022 01/04/2023 01/04/2022
to 31/03/2022 to to
31/03/2023 31/03/2024 31/03/2023
Disclosure of net defined benefit liability
(assets) [Abstract]
Disclosure of net defined benefit liability
(assets) [Line items]
Textual information Textual information
Description of type of plan Refer to child member
(56) [See below] (57) [See below]
Changes in net defined benefit liability
(assets) [Abstract]
Current service cost, net defined
49.45 0 0
benefit liability (assets)
Interest expense (income), net defined
50.14 0 0
benefit liability (assets)
Gain (loss) on remeasurement, net
defined benefit liability (assets)
[Abstract]
Return on plan assets, net defined
0 0 0
benefit liability (assets)
Actuarial losses (gains) arising from
changes in demographic assumptions,
0 0 0
net defined benefit liability
(assets)
Actuarial losses (gains) arising from
changes in financial assumptions, net 16.78 0 0
defined benefit liability (assets)
Loss (gain) on changes in effect of
limiting net defined benefit
assets to assets ceiling, net 0 0 0
defined benefit liability
(assets)
Total loss (gain) on
remeasurement, net defined 16.78 0 0
benefit liability (assets)
Past service cost and gains (losses)
arising from settlements, net defined
benefit liability (assets) [Abstract]
Past service cost, net defined
0 0 0
benefit liability (assets)
Losses (gains) arising from
settlements, net defined benefit 0 0 0
liability (assets)
Net past service cost and gains
(losses) arising from settlements,
0 0 0
net defined benefit liability
(assets)
Increase (decrease) through changes in
foreign exchange rates, net defined 0 0 0
benefit liability (assets)
Contributions to plan, net defined
benefit liability (assets) [Abstract]
Contributions to plan by employer,
net defined benefit liability 330.31 0 0
(assets)
Contributions to plan by plan
participants, net defined 0 0 0
benefit liability (assets)
Total contributions to plan, net
330.31 0 0
defined benefit liability (assets)
Payments from plan, net defined benefit
0 0 0
liability (assets)

320
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Payments in respect of
settlements, net defined benefit 0 0 0
liability (assets)
Increase (decrease) through business
combinations and disposals, net defined 0 0 0
benefit liability (assets)
Increase (decrease) through other
changes, net defined benefit -60.19 3.04 0
liability (assets)
Total increase (decrease) in net
-307.69 3.04 0
defined benefit liability (assets)
Net defined benefit liability (assets) at
414.25 721.94 133.46 130.42
end of period

321
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of net defined benefit liability (assets) [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Net defined benefit liability (assets) [Axis] Present value of defined benefit obligation [Member]
Defined benefit plans categories [Axis] 1 2
01/04/2023 01/04/2022
31/03/2022 to to 31/03/2022
31/03/2024 31/03/2023
Disclosure of net defined benefit liability
(assets) [Abstract]
Disclosure of net defined benefit liability
(assets) [Line items]
Textual information (58) Textual information (59)
Description of type of plan [See below] [See below]
Changes in net defined benefit liability
(assets) [Abstract]
Current service cost, net defined
47.74 49.45
benefit liability (assets)
Interest expense (income), net defined
30.72 50.14
benefit liability (assets)
Gain (loss) on remeasurement, net
defined benefit liability (assets)
[Abstract]
Return on plan assets, net defined
0 0
benefit liability (assets)
Actuarial losses (gains) arising from
changes in demographic assumptions,
-0.15 0
net defined benefit liability
(assets)
Actuarial losses (gains) arising from
changes in financial assumptions, net -7.54 16.78
defined benefit liability (assets)
Loss (gain) on changes in effect of
limiting net defined benefit
assets to assets ceiling, net 0 0
defined benefit liability
(assets)
Total loss (gain) on
remeasurement, net defined -7.69 16.78
benefit liability (assets)
Past service cost and gains (losses)
arising from settlements, net defined
benefit liability (assets) [Abstract]
Past service cost, net defined
0 0
benefit liability (assets)
Losses (gains) arising from
settlements, net defined benefit 0 0
liability (assets)
Net past service cost and gains
(losses) arising from settlements,
0 0
net defined benefit liability
(assets)
Increase (decrease) through changes in
foreign exchange rates, net defined 0 0
benefit liability (assets)
Contributions to plan, net defined
benefit liability (assets) [Abstract]
Contributions to plan by employer,
net defined benefit liability 173.68 330.31
(assets)
Contributions to plan by plan
participants, net defined 0 0
benefit liability (assets)
Total contributions to plan, net
173.68 330.31
defined benefit liability (assets)
Payments from plan, net defined benefit
0 0
liability (assets)
Payments in respect of
settlements, net defined benefit 0 0
liability (assets)

322
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Increase (decrease) through business

combinations and disposals, net defined 0 0
benefit liability (assets)
Increase (decrease) through other
changes, net defined benefit -11.95 -60.19
liability (assets)
Total increase (decrease) in net
-99.48 -307.69
defined benefit liability (assets)
Net defined benefit liability (assets) at
130.42 314.77 414.25 721.94
end of period

Disclosure of defined benefit plans [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Defined benefit plans categories [Axis] 1 2
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
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 (60) [See below] (61) [See below] (62) [See below] (63) [See below]
Surplus (deficit) in plan [Abstract]
Defined benefit obligation, at present value 133.46 130.42 314.77 414.25
Net surplus (deficit) in plan -133.46 -130.42 -314.77 -414.25
Actuarial assumption of discount rates 7.15% 7.40% 7.15% 7.40%

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

01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Textual information (64)
Disclosure of employee benefits [TextBlock] [See below]
Textual information (65)
Disclosure of defined benefit plans [TextBlock] [See below]
Whether there are any defined benefit plans Yes Yes
Disclosure of net defined benefit liability (assets) [TextBlock]

Textual information (56)

Description of type of plan

Defined Contribution Plan - Provident Fund: Retirement benefit in the form of provident fund is a defined contribution scheme and the
contributions are charged to the statement of profit and loss of the year when the contributions to the respective funds are due. The Company
participates in a provident fund scheme of the regional provident fund commissioner. There are no other obligations other than the contribution
payable to the respective fund.

Textual information (57)

Description of type of plan

323
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (58)

Description of type of plan

The gratuity plan is governed by the Payment of Gratuity Act, 1972. Under the Act, employees who have completed at least five years of service
are entitled to specific benefit. The level of benefit provided depends on the member's length of service and salary retirement age. The employee
is entitled to a benefit equivalent to 15 days salary last drawn salary for each completed year of service with part thereof in excess of six months.
The same is payable on termination of service or retirement or death whichever is earlier. The gratuity plan of the Company is funded. The
present value of the obligation under such defined benefit plan is determined based on an actuarial valuation as at the reporting date using the
projected unit credit method, which recognises each period of service as giving rise to additional unit of employee benefit entitlement and
measures each unit separately to build up the final obligation. The obligations are measured at the present value of the estimated future cash
flows. The discount rate used for determining the present value of the obligation under defined benefit plans is based on the market yields on
Government bonds as at the date of actuarial valuation. Actuarial gains and losses (net of tax) are recognised immediately in the Other
Comprehensive Income (OCI).

Textual information (59)

Description of type of plan

Textual information (60)

Description of type of plan

Retirement benefit in the form of provident fund is a defined contribution scheme and the contributions are charged to the statement of profit and
loss of the year when the contributions to the respective funds are due. The Company participates in a provident fund scheme of the regional
provident fund commissioner. There are no other obligations other than the contribution payable to the respective fund.

Textual information (61)

Description of type of plan

Textual information (62)

Description of type of plan

324
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (63)

Description of type of plan

325
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (64)

Disclosure of employee benefits [Text Block]

Employee benefits

(a) Short term employee benefits

All employee benefits which are payable within twelve months of rendering the service are classified as short-term employee
benefits. Benefits such as salaries, wages and bonus etc. are recognized in the Statement of Profit and Loss in the period in which the
employee renders the related service.

(b) Defined contribution plans

Employees of the Company receive benefits under the provident fund, a defined contribution plan. The employee and employer each
make monthly contributions to the plan. The Company’s contribution paid/ payable under these schemes is recognized as an expense
in the Statement of Profit and Loss during the period in which the employee renders the related service.

(c) Compensated absences

Compensated absences which are not expected to occur within twelve months after the end of the period in which the employee
renders the related services. These are recognized and determined by actuarial valuation (using the projected unit credit method) at
the present value of the defined benefit obligation at the balance sheet date. Actuarial gains and loss are recognised immediately in
the Statement of Profit and Loss.

(d) Defined benefit plans

Charge for the year in respect of defined benefit plan in the form of gratuity has been ascertained based on actuarial valuation carried
out by an independent actuary (Projected Unit Credit Method), which recognises each period of service as giving rise to additional
unit of employee benefit entitlement and measures each unit separately to build up the final obligation. The obligation is measured at
the present value of the estimated future cash flows. The discount rate used for determining the present value of the obligation under
defined benefit plans is based on the market yields on Government securities as at the valuation date having maturity periods
approximating to the terms of related obligations. Actuarial gains and losses are recognised immediately in Other Comprehensive
Income. Remeasurement recognised in other comprehensive income is reflected in retained earnings and is not reclassified to the
Statement of Profit and Loss.

23 Employee benefits expense

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Salaries, Wages and Bonus

3,828.49 3,162.54

Contribution to provident and other funds

133.46 130.42

326
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Gratuity
expenses Gratuity expenses (refer note 30) 78.47 99.59

Compensated Absences
139.33 86.25

Staff welfare expenses

106.62 139.22

4,286.37 3,618.02

The Indian Parliament has approved the Code on Social Security, 2020 which would
impact the contributions by the Company towards Provident Fund and Gratuity. The
effective date from which the changes are applicable is yet to be notified and the final
rules are yet to be notified. The Company will carry out an evaluation of the impact and
record the same in the financial statements in the period in which the Code becomes
effective and the related rules are notified.

327
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (65)

Disclosure of defined benefit plans [Text Block]

30 Employee benefits

Defined Contribution Plan - Provident Fund:

Retirement benefit in the form of provident fund is a

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Employers contribution to Provident fund (including

Employee's Pension Scheme 1995) 133.46 130.42

133.46 130.42

Defined Benefit Plan - Gratuity:

The gratuity plan is governed by the Payment of

328
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

a benefit equivalent to 15 days salary last drawn salary

for each completed year of service with part thereof in

329
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

excess of six months. The same is payable on

termination of service or retirement or death whichever
is earlier. The gratuity plan of the Company is funded.

The present value of the obligation under such defined

The following tables summarise the components of net

benefit expense recognised in the statement of profit or
loss and amounts recognised in the balance sheet for
the gratuity plan:

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Change in benefit obligation

Present value of obligation as at the beginning of the

414.25
period 721.94

Current service cost 47.74

49.45

-
Past service cost 0.00

Interest cost 30.72

50.14

330
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Benefits paid directly by employer -173.68

(330.31)

Re-measurements due to:

Actuarial gain arising from change in demographic -

0.15
assumptions

Actuarial loss/(gain) arising from change in financial

7.54
assumptions (16.78)

Actuarial loss/(gain) arising due to experience change -11.95

(60.19)

Present value of obligation as at the end of the period

314.77 414.25

The reconciliation of the present value of obligations

and the fair value of plan assets to the assets and
liabilities is as below:

As at As at As at
Particulars
March 31, 2024 March 31, 2023 April 01, 2022

Present value of defined benefit obligations as at end

of the year 314.77 414.25 721.94

Liability recognised in the Balance Sheet as at the end

of the year 314.77 414.25 721.94

Current
34.26 53.75 42.64

Non-current
280.51 360.50 679.30

314.77 414.25 721.94

331
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

The net gratuity cost for the below mentioned years is

as follows:

For the year ended For the year ended

Particulars
March 31, 2024 March 31 2023

Current service cost

47.74 49.45

Past service cost

Interest cost
30.72 50.14

Expected return on plan assets

Net actuarial loss/(gain)

(4.25) (76.98)

Net gratuity cost

74.21 22.61

Amount recognised in Statement of Profit and Loss:

For the year ended For the year ended

Particulars
March 31, 2024 March 31 2023

Current service cost

47.74 49.45

Interest cost on benefit obligation

30.72 50.14

332
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Amount recognised in Statement of Profit and Loss

78.46 99.59

Amount recognised in Other Comprehensive Income:

For the year ended For the year ended

Particulars
March 31, 2024 March 31 2023

Actuarial loss/(gain) arising from change in financial

assumptions 7.54 (16.78)

Actuarial loss/(gain) arising on account of experience

changes (11.95) (60.19)

Actuarial loss/(gain) arising from change in -

demographic assumptions 0.15

Amount of loss/(gain) recognised in Other

Comprehensive Income (4.24) (76.97)

The principal assumptions used in determining gratuity

liability for the Company’s plans are shown below:

As at As at As at
Particulars
March 31, 2024 March 31, 2023 April 01, 2022

Discount rate (%) 7.15% 7.40% 6.95%

Future salary increases (%) 9.00% 9.00% 9.00%

Retirement Age (Years) 58 years 58 years 58 years

Withdrawal rate P.A.

Upto 30 years 7.00% 8.00% 8.00%

31 to 44 years 9.00% 9.00% 9.00%

Above 44 years 2.00% 2.00% 2.00%

333
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Mortality rate 100% of IALM 100% of IALM 100% of IALM

2012-14 2012-14 2012-14

Sensitivity Analysis

A quantitative sensitivity analysis for significant

assumption as at March 31, 2024 is as shown below:

Assumptions Discount rate Future salary increase

.50% decrease .50% increase .50% decrease .50% increase

Impact on defined benefit obligation

348.18 286.21 286.42 347.24

A quantitative sensitivity analysis for significant

assumption as at March 31, 2023 is as shown below:

Assumptions Discount rate Future salary increase

.50% decrease .50% increase .50% decrease .50% increase

Impact on defined benefit obligation

453.05 380.61 380.79 452.06

The sensitivity analyses above has been determined

based on the method that extrapolates the impact on
defined benefit obligation as a result of reasonable
changes in key assumptions occurring at the end of the
reporting period.

Sensitivities due to mortality and withdrawals are not

334
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

The maturity profile of defined benefit obligation are

as follows:

Particulars March 31, 2024 March 31, 2023

1 years
34.26 53.75

2 to 5 years
86.72 125.21

6 to 10 years
131.46 190.07

More than 10 years

492.26 547.50

[612800] Notes - Borrowing costs

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Disclosure of borrowing costs [TextBlock]
Whether any borrowing costs has been capitalised during the year No No

335
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[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 Lakhs of INR
Key managerial personnels and directors [Axis] 1 2 3 4
01/04/2023 01/04/2023 01/04/2023 01/04/2023
to to to to
31/03/2024 31/03/2024 31/03/2024 31/03/2024
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]
Name of key managerial personnel or director HIDEKI IMAI Akiteru Yamamoto Swati Rawat ONO TETSURO
Designation of key managerial personnel or director Managing Director Director Company Secretary Additional Director
Qualification of key managerial personnel or
Company Secretary
director
Shares held by key managerial personnel or director [shares] 0 [shares] 0 [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 189.21 122.56 0 0
Perquisites key managerial personnel or
0 0 0 0
director
Profits in lieu of salary key managerial
0 0 0 0
personnel or director
Gross salary to key managerial personnel or
189.21 122.56 0 0
director
Sitting fees key managerial personnel or
0 0 0 0
director
Stock option key managerial personnel or
0 0 0 0
director
Sweat equity key managerial personnel or
0 0 0 0
director
Commission as percentage of profit key
0 0 0 0
managerial personnel or director
Other commission key managerial personnel or
0 0 0 0
director
Other compensation key managerial personnel or
0 0 0 0
director
Total key managerial personnel or director
189.21 122.56 0 0
remuneration
Ceiling as per act key managerial personnel
0 0 0 0
or director remuneration

[612200] Notes - Leases

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Textual information (66)
Disclosure of leases [TextBlock] [See below]
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

336
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (66)

Disclosure of leases [Text Block]

Leases

Company as a lessee:

The Company’s lease asset classes primarily consist of leases for office spaces, warehouses and accomodation for its employees.
The Company assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the
contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess
whether a contract conveys the right to control the use of an identified asset, the Company assesses whether:
(i) the contract involves the use of an identified asset
(ii) the Company has substantially all of the economic benefits from use of the asset through the period of the lease and
(iii) the Company has the right to direct the use of the asset.

At the date of commencement of the lease, the Company recognizes a right-of-use asset (“ROU”) and a corresponding lease
liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases)
and low value leases. For these short term and low value lease, the company recognizes the lease payments as an operating expense
on a straight-line basis over the term of the lease.

Certain lease arrangements includes the options to extend or terminate the lease before the end of the lease term. ROU assets and
lease liabilities includes these options when it is reasonably certain that they will be exercised.

The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any
lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives. They
are subsequently measured at cost less accumulated depreciation and impairment losses.

Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and
useful life of the underlying asset. Right of use assets are evaluated for recoverability whenever events or changes in circumstances
indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the
higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not
generate cash flows that are largely independent of those from other assets.

The lease liability is initially measured at amortized cost at the present value of the future minimum lease payments. The minimum
lease payments are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental
borrowing rates in the country of domicile of these leases. Lease liabilities are remeasured with a corresponding adjustment to the
related right of use asset if the Company changes its assessment if whether it will exercise an extension or a termination option.

The minimum lease payment comprises fixed payment less any lease incentives, variable lease payment that depends on an index or
a rate and exercise price of a purchase option if the company is reasonably certain to exercise the option. Lease liability is
subsequently measured by increase the carrying amount to reflect interest on the lease liability, reducing the carrying amount to
reflect the lease payment made and remeasuring the carrying amount to reflect any reassessment or modification, if any. For all
asset classes, the Company has elected the lessee practical expedient to combine lease and non-lease components and account for
the combined unit as a single lease component in case there is no separate payment defined under the contract.

Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as
financing cash flows.

c) Leases – Estimating the incremental borrowing rate

337
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

The Company evaluates if an arrangement qualifies to be a lease as per the requirements of Ind AS 116.
The Company determines the lease term as the non-cancellable period of a lease, together with both periods covered by an option to
extend the lease if the Company is reasonably certain to exercise that option; and periods covered by an option to terminate the
lease if the Company is reasonably certain not to exercise that option. In assessing whether the Company is reasonably certain to
exercise an option to extend a lease, or not to exercise an option to terminate a lease, it considers all relevant facts and
circumstances that create an economic incentive for the Company to exercise the option to extend the lease, or not to exercise the
option to terminate the lease. The Company revises the lease term if there is a change in the non-cancellable period of a lease. The
discount rate is generally based on the incremental borrowing rate specific to the lease being evaluated or for a portfolio of leases
with similar characteristics.

Lease
15(a)
Liability

Particulars Non-current

As at
As at As at As at As at As at
March 31,
March 31, 2023 April 01, 2022 March 31, 2024 March 31, 2023 April 01, 2022
2024

Lease liabilities Lease

1,890.64 1,904.56
current liability

1,890.64 1,904.56

Lease
liabilities
movement
during the
year:

Particulars As at As at As at
March 31, 2024 March 31, 2023 April 01, 2022

Opening
Lease Liability 2,241.29 914.36 914.36
balance

338
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Addition 256.50 1,636.19 -

during the
year

Termination
during the (13.02) (21.03) -
year

-Interest on Accretion
170.38 150.45 -
Lease Liabilities of interest

Payments
Lease
during the (503.63) (438.68) -
Liability-Payment
year

Closing
Lease Liability 2,151.52 2,241.29 914.36
balance

The lease
rental
expense
relating to
short-term
leases
recognized
in the
statement of
profit and
loss for the
year
amounted
to Rs.
137.37 and
previous
year Rs.
153.27.

Finance
lease
obligation
are payable
as follows:

As at As at
March 31, 2024 March 31, 2023

Interest
Future Minimum Lease Present Value of Future Minimum Lease Interest Element of
Particulars Element of
Payments (MLP) minimum lease payment Payments (MLP) MLP
MLP

339
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Less than 1
year 410.81 149.93 260.87 492.33 155.60

1-2 year
364.75 132.84 231.91 380.40 133.01

2-5 year
1,089.30 285.09 804.21 978.71 299.37

More than 5
year 936.49 81.97 854.53 1,099.42 121.60

Total 2,801.35 649.83 2,151.52 2,950.86

709.58

The lease
agreement
do not
contain any
material
residual
value
guarantees
or material
restrictive
covenants.

37 Leases

The Company has adopted Ind AS 116, effective annual reporting period
beginning April 01, 2022 and has applied the standard to all its leases, with the
cumulative effect of initially applying the standard, recognised on the date of
initial application (April 1, 2022) as an adjustment to the opening balance of
retained earnings as on April 1, 2022.

340
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

On transition, the Company recognised a lease liability measured at the present

(a) Company as lessee

The Company leases office premises, warehouses and guest house. These
leases typically run for 2-10 years that include extension and termination
options and variable lease payments.

Information about the leases for which the Company is a lessee is presented
below:

Right-of-use assets:

Set out below are the carrying amounts of Right-of-use assets and the
movement during the year:

Particulars

Right of use as at April 01, 2022

Total right of use as at April 01, 2022 911.87

Addition during the year

1,711.13

341
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Deletion/termination during the year (20.25)

Depreciation
(386.07)

Total right of use as at March 31, 2023 2,216.68

Addition during the year

266.89

Deletion/termination during the year

(12.01)

Depreciation
(431.71)

Total right of use as at March 31, 2024 2,039.85

Lease liabilities:

Set out below are the carrying amounts of lease liabilities and the movement
during the year:

Particulars

Lease liabilities as at April 01, 2022 914.36

Addition during the year

1,636.19

Deletion/termination during the year

(21.03)

Accretion of interest
150.45

Payments (including interest)

(438.68)

Total lease liabilities as at March 31, 2023 2,241.29

342
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Addition during the year 256.50

Deletion/termination during the year

(13.02)

Accretion of interest
170.38

Payments (including interest)

(503.63)

Total lease liabilities as at March 31, 2024 2,151.52

The maturity analysis of lease liabilities is given in Note 36 in the ‘Liquidity

risk’ section.

As at As at
As at
March 31, March 31,
April 01, 2022
2024 2023

Current
260.87 336.73 220.36

Non-current
1,890.64 1,904.56 694.00

2,151.51 2,241.29 914.36

The effective interest rate for lease liabilities is 7.1-8.4% (March 31, 2023:
7.0-7.8%; April 01, 2022: 7.0-7.8%)

Below are the amounts recognised by the Company in the statement of profit
and loss:

343
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Particulars Year ended Year ended

March 31, March 31,
2024 2023

Depreciation of right-of-use assets

431.71 386.07

Interest on lease liabilities

170.38 150.45

Variable lease payments not included in the measurement of lease liabilities

Expenses relating to leases of low-value assets and short-term leases

137.37 153.27

Total 739.46 689.79

Below is the amount recognised by the Company in the statement of cash

flows:

Year ended Year ended

Particulars March 31, March 31,
2024 2023

Cash outflow included in financing activity for repayment of principal during

the year 170.38 150.45

Cash outflow included in financing activity for repayment of interest during

the year (503.63) (438.68)

The Company has several lease contracts that include extension and
termination options. These options are negotiated by management to provide
flexibility in managing the leased-asset portfolio and align with the Company’s
business needs. Management exercises significant judgement in determining
whether these extension and termination options are reasonably certain to be
exercised.

344
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[612300] Notes - Transactions involving legal form of lease

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Disclosure of arrangements involving legal form of lease [TextBlock]
Whether there are any arrangements involving legal form of lease No No

[612900] Notes - Insurance contracts

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
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 Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Textual information (67)
Disclosure of effect of changes in foreign exchange rates [TextBlock] [See below]
Whether there is any change in functional currency during the year No No
Description of presentation currency INR

345
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (67)

Disclosure of effect of changes in foreign exchange rates [Text Block]

Foreign currency and translation

The financial statements are presented in INR, which is also the Company’s functional currency.

Transactions in foreign currencies are initially recorded by the Company at their respective functional currency spot rates at the date of
the transaction. Foreign-currency denominated monetary assets and liabilities are translated to the relevant functional currency at
exchange rates in effect at the balance sheet date. Exchange differences arising on settlement or translation of monetary items are
recognized in the statement of profit and loss. Non-monetary assets and non-monetary liabilities denominated in a foreign currency
and measured at historical cost are translated at the exchange rate prevalent at the date of initial transaction. Non-monetary assets and
non-monetary liabilities denominated in a foreign currency and measured at fair value are translated at the exchange rate prevalent at
the date when the fair value was determined.

Transaction gains or losses realized upon settlement of foreign currency transactions are included in determining net profit for the
year. Revenue, expenses and cash-flow items denominated in foreign currencies are translated into the relevant functional currencies
using the exchange rate in effect on the date of the transaction.

ii) Foreign
currency risk

Foreign
currency risk
is the risk that
the fair value
or future cash
flows of an
exposure will
fluctuate
because of
changes in
foreign
exchange
rates. The
Company is
exposed to
foreign
currency risk
arising out of
import/exports
of goods and
services. As at
31 March
2024, 31
March 2023
and 01 April
2022, the
Company
having
exposure in
United State
Dollar (USD)
and Japanese

346
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Yen (JPY)
and which is
not hedged by
a derivative
instrument.
The carrying
amounts of
the
Company's
foreign
currency
denominated
monetary
assets and
monetary
liabilities
(unhedged
foreign
currency
exposures) at
the end of the

347
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

reporting
period are as
follows:

As at April 01,
Particulars As at March 31, 2024 As at March 31, 2023
2022

Foreign currency INR Foreign currency INR Foreign currency INR

Financial
assets

United State
Dollar (USD) 0.22 17.95 0.18 14.85 5.64 427.20

Japanese Yen
(JPY) 19.50 10.73 34.96 21.62 30.67 19.06

Financial
liabilities

United State
Dollar (USD) 0.28 23.74 0.19 15.58 1.00 75.68

Japanese Yen
(JPY) 195.24 10.75 125.11 77.39 63.57 39.51

Foreign
Currency
Sensitivity

The following
tables
demonstrate
the sensitivity
to a
reasonably
possible
change in
USD & JPY,
with all other
variables held
constant. The
impact on the
comapny’s
profit before
tax is due to
changes in the

348
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

fair value of
monetary
assets and
liabilities.
The Group’s
exposure to
foreign
currency
changes for all
other
currencies is
not material.

As at April 01,
As at March 31, 2024 As at March 31, 2023
2022

Effect on profit Effect on profit before Effect on profit

Increase/Decrease in Increase/Decrease in Increase/Decrease
before tax tax before tax
Rate Rate in Rate
(INR lacs) (INR lacs) (INR lacs)

USD +/(-) 5% +/(-) 5% +/(-) 5% -17.58

0.29 0.04

JPY +/(-) 5% +/(-) 5% +/(-) 5%

0.00 2.79 1.02

[500100] Notes - Subclassification and notes on income and expenses

Miscellaneous other operating revenues [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Miscellaneous other operating revenues [Axis] 1
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 8.22 4.97
Miscellaneous other operating revenues [Abstract]
Miscellaneous other operating revenues [LineItems]
Description of miscellaneous other operating revenues Scrap Sale Scrap Sale
Miscellaneous other operating revenues 8.22 4.97

349
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

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

01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Textual information (68)
Subclassification and notes on income and expense explanatory [TextBlock] [See below]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 76,741.6 66,775.24
Revenue from sale of services 658.36 626.89
Other operating revenues 8.22 4.97
Other operating revenues 8.22 4.97
Total revenue from operations other than finance company 77,408.18 67,407.1
Total revenue from operations 77,408.18 67,407.1
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 8.22 4.97
Total other operating revenues 8.22 4.97
Total other operating revenues 8.22 4.97
Miscellaneous other operating revenues [Abstract]
Miscellaneous other operating revenues 8.22 4.97
Disclosure of other income [Abstract]
Interest income [Abstract]
Total interest income 0 0
Dividend income [Abstract]
Total dividend income 0 0
Other non-operating income [Abstract]
Miscellaneous other non-operating income 1,346.83 946.79

Total other non-operating income (A) 1,346.83 (B) 946.79

Total other income 1,346.83 946.79
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Other interest charges (C) 186.19 (D) 164.03
Total interest expense 186.19 164.03
Total finance costs 186.19 164.03
Employee benefit expense [Abstract]
Salaries and wages 3,828.49 3,162.54
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 133.46 130.42
Total contribution to provident and other funds 133.46 130.42
Gratuity 78.47 99.59
Staff welfare expense 106.62 139.22
Other employee related expenses 139.33 86.25
Total employee benefit expense 4,286.37 3,618.02
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense (E) 833.43 (F) 670.37
Amortisation expense 13.89 9.46
Total depreciation, depletion and amortisation expense 847.32 679.83
Breakup of other expenses [Abstract]
Consumption of stores and spare parts (G) 1,540.41 (H) 1,133.01
Power and fuel 0 0
Rent 137.37 153.27
Repairs to building 0 0
Repairs to machinery 0 0
Insurance 44.99 52.61
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes 38.75 76.09

350
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Total rates and taxes excluding taxes on income 38.75 76.09

Travelling conveyance 183.97 93.63
Legal professional charges 309.14 157.97
Directors sitting fees 0 0
Advertising promotional expenses 2,065.07 1,626.75
Cost repairs maintenance other assets 345.58 266.34
Cost transportation [Abstract]
Cost freight 604.7 539.58
Total cost transportation 604.7 539.58
Loss on disposal of intangible Assets 19.77 0
Loss on disposal, discard, demolishment and destruction of
0 0
depreciable property plant and equipment
Payments to auditor [Abstract]
Payment for audit services 31.5 26.5

Payment for other services (I) 2.81 (J) 2.5

Payment for reimbursement of expenses 3.14 1.98
Total payments to auditor 37.45 30.98
CSR expenditure 145.08 86.56

Miscellaneous expenses (K) 4,415.36 (L) 2,464.66

Total other expenses 9,887.64 6,681.45
Current tax [Abstract]
Current tax pertaining to current year 1,981.44 3,027.83
Total current tax 1,981.44 3,027.83

Footnotes
(A) Gain on termination of lease : 1.02 'Miscellaneous Income : 48.37 Interest income Bank deposits : 1287.95 Interest income Security
deposits : 8.03 Interest income others : 1.46
(B) Gain on termination of lease : 0.79 'Miscellaneous Income : 78.05 Interest income Bank deposits : 859.99 Interest income Security
deposits : 5.96 Interest income others : 2
(C) Bank charges : 15.81 Interest on Lease Liabilities : 170.38
(D) Bank charges : 13.58 Interest on Lease Liabilities : 150.45
(E) Depreciation of property, plant and equipment : 401.72 Depreciation of Right-of-use assets : 431.71
(F) Depreciation of property, plant and equipment : 284.3 Depreciation of Right-of-use assets : 386.07
(G) Consumption of packing materials : 1014.39 Consumption of Stores and Spare Parts : 526.02
(H) Consumption of packing materials : 747.67 Consumption of Stores and Spare Parts : 385.34
(I) Tax audit fee : 2.81
(J) Tax audit fee : 2.5
(K) Space hire charges : 491.66 Visual display charges : 162.61 Sales promotion and distribution expenses : 504.2 Professional hire
charges : 1014.99 Product association charges : 361.73 Sponsorship fees : 16 Contractual labour : 1365.77 Office expenses : 240.41
Warranty costs : 248.79 Miscellaneous expenses : 9.2
(L) Space hire charges : 132 Visual display charges : 237.59 Sales promotion and distribution expenses : 213.25 Professional hire charges
: 172.32 Product association charges : 42.57 Sponsorship fees : 2.4 Contractual labour : 1192.78 Office expenses : 198.78 Warranty costs
: 264.06 Miscellaneous expenses : 8.91

351
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (68)

Subclassification and notes on income and expense explanatory [Text Block]

19 Revenue from operations

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Sale of Product
76,741.60 66,775.24

Sale of Service
658.36 626.89

Other Operating Revenue

8.22 4.97

Total revenue 77,408.18 67,407.10

Notes:

i) Disaggregation of Revenue

In the following tables, revenue is disaggregated by product

group and by geography. This is consistent with the revenue
information that is disclosed for each reportable segment under
Ind AS 108. The Company believes that this disaggregation best
depicts how the nature, amount, timing and uncertainty of our
revenues and cash flows are affected by industry, market and
other economic factors.

a) Disaggregation of revenue by product group

352
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

(i) Sale of product comprises:

- Watches and clocks

41,422.81 31,609.51

- Calculators
26,187.18 25,477.73

- Electronic musical instruments

8,186.06 8,737.01

- Label printers
538.61 541.38

- Spares and others

406.94 409.61

76,741.60 66,775.24

(i) Sale of Service comprises:

- Service Support Fees

551.81 547.86

- Service charges
99.67 46.97

- Other Service support Income

6.88 10.13

-
- Call centre Support Fees
21.93

658.36 626.89

(ii) Other operating revenues comprises:

- Scrap Sales
8.22 4.97

353
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

8.22 4.97

b) Disaggregation of Revenue by Geography

Year ended Year ended

Particulars
March 31, 2024 March 31, 2023

Within India
74,576.85 63,639.58

Outside India
2,831.33 3,767.52

Total Revenue . 77,408.18 67,407.10

ii) Performance obligations

Revenue from the sale of products is recognised at the point in

time when control over the products is passed to the customers in
accordance with contractual terms. Control is defined as the
ability to direct the use and obtain substantially all the economic
benefits from an asset.

iii) Reconciliation of revenue recognised with contract price

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Contract price
79,487.39 68,370.93

Less: Reduction towards variable consideration

(2,079.21) (963.83)

Revenue from contracts with customers 77,408.18 67,407.10

354
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Trade receivables and Contract Balances

For the year ended For the year ended For the year ended
Particulars
March 31, 2024 March 31, 2023 April 01, 2022

Trade receivables
9,720.88 7,554.80 6,397.86

Contract liabilities
315.38 129.63 445.87

The Company receives payment from customer based on the

billing schedule, as established in contracts.

Contract asset relates to Company's conditional right to the

consideration for the completed performance under the contract.
Trade receivable is recognised when the right to consideration
becomes unconditional.

Contract Liability represents payment received in advance of the

performance under the contract. These are recognised as revenue
as (and when) performance is accomplished under the contract.

Changes in Contract liabilities

The following table shows how much of the revenue recognized

in current year relates to carried forward contract liabilities and
how much relates to performance obligations that were satisfied
in prior year

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Opening Balances
129.63 445.87

Additions during the year

282.24 115.79

Revenue recognized during the year that was included in the

contract liability balance at the beginning of year (96.49) (432.03)

Closing Balalnce 315.38 129.63

355
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Right of return assets and refund liabilities

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Right of return assets

284.45 472.83

Refund liabilities

Arising from rights of return

445.56 790.64

20 Other income

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Gain on termination of lease

1.02 0.79

Miscellaneous Income
48.37 78.05

Interest income

- Bank deposits
1,287.95 859.99

- Security deposits
8.03 5.96

- Others
1.46 2.00

1,346.83 946.79

356
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

21 Purchase of traded goods

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Watches and clocks

28,107.06 20,084.84

Calculators
21,960.58 21,308.72

Electronic musical instruments

5,667.48 6,643.01

Label printers
381.25 390.63

Total 56,116.37 48,427.20

22 Changes in inventories of stock in trade

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Opening balance

Stock in trade
11,676.47 9,018.70

Right of Return assets (cost of sales) -

472.83

Total opening balance 12,149.30 9,018.70

357
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Closing balance

Stock in trade
12,236.42 11,676.47

Right of Return assets (cost of sales)

284.45 472.83

Total closing balance 12,520.87 12,149.30

(371.57) (3,130.60)

For the year ended For the year ended

Details of Inventories of stock in trade
March 31, 2024 March 31, 2023

Class of Goods

Watches and Clocks

-Opening Inventory
4,909.02 4,753.36

-Closing Inventory
5,563.12 4,909.02

Calculators

-Opening Inventory
5,104.59 2,967.95

358
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

-Closing Inventory
5,371.76 5,104.59

Electronic musical instrument

-Opening Inventory
1,551.75 1,197.93

-Closing Inventory
1,217.61 1,551.75

Label Printers

-Opening Inventory
111.11 99.46

-Closing Inventory
83.93 111.11

Total Opening Inventory 11,676.47 9,018.70

Total Closing Inventory 12,236.42 11,676.47

23 Employee benefits expense

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Salaries, Wages and Bonus

3,828.49 3,162.54

359
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Contribution to provident and other funds

133.46 130.42

Gratuity
Gratuity expenses (refer note 30)
expenses 78.47 99.59

Compensated Absences
139.33 86.25

Staff welfare expenses

106.62 139.22

4,286.37 3,618.02

The Indian Parliament has approved the Code on Social Security,

2020 which would impact the contributions by the Company
towards Provident Fund and Gratuity. The effective date from
which the changes are applicable is yet to be notified and the
final rules are yet to be notified. The Company will carry out an
evaluation of the impact and record the same in the financial
statements in the period in which the Code becomes effective
and the related rules are notified.

24 Finance costs

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Interest expense:

-Interest on Lease Liabilities

170.38 150.45

Bank charges
15.81 13.58

186.19 164.03

360
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

25 Depreciation and amortisation expense

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Depreciation
of property,
Depreciation of property, plant and equipment
plant and 401.72 284.30
equipment

Amortisation
of intangible Amortisation of intangible assets
13.89 9.46
assets

Depreciation
of
Depreciation of Right-of-use assets
Right-of-use 431.71 386.07
assets

847.32 679.83

26 Other expenses

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Consumption of packing materials

1,014.39 747.67

Consumption of Stores and Spare Parts

526.02 385.34

Rent
137.37 153.27

361
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Advertising Expenses
2,065.07 1,626.75

Space hire charges

491.66 132.00

Visual display charges

162.61 237.59

Sales promotion and distribution expenses

504.20 213.25

Insurance and allied expenses

44.99 52.61

Professional hire charges

1,014.99 172.32

Product association charges

361.73 42.57

Sponsorship fees
16.00 2.40

Contractual labour
1,365.77 1,192.78

Freight and forwarding

604.70 539.58

Travelling and Conveyance

183.97 93.63

Office expenses
240.41 198.78

Repair and Maintenance

345.58 266.34

Warranty costs
248.79 264.06

Legal and Professional Charges

346.59 188.95

Rates and taxes

38.75 76.09

Corporate Social Responsibility

145.08 86.56

362
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Loss on sale of fixed assets (net) -

19.77

Miscellaneous expenses
9.20 8.91

9,887.64 6,681.45

26a Payment to auditors:

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

As auditors:

Audit fee
31.50 26.50

Tax audit fee

2.81 2.50

Out of pocket expenses

3.14 1.98

37.45 30.98

26b Corporate Social Responsibility (CSR)

In compliance with section 135 read with Schedule VII, Companies Act 2013, an amount of
Rs. 145.08 (March 31,2023: Rs. 86.56) is required by the Company to be expensed towards
meeting its Corporate Social Responsibility (CSR) obligation for the year ended on March
31, 2024. The Company has spent the following amount during the year :

363
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

As at As at
March 31, 2024 March 31, 2023

a) Gross amount required to be spent by the Company during the year

145.08 86.56

b) Amount spent during the year:

-
(i) acquisition of any asset

(ii) on purpose other than (i) above

1.96 86.56

-
c) Shortfall at the end of the year (a-b)
143.12

-
(d) total of previous years shortfall:
10.97

(e) Nature of CSR activities (refer note (a) below)

- -
(i) Global Hunt Foundation (Music School Education Programme)

- -
(ii) Oxygen Concentrator

-
(iii) Global Hunt Foundation (Donation of Casio Calculators)
3.73

-
(iv) CSR Press release
0.18

364
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

-
(v) Prime Minister National Relief Fund
72.62

-
(vi) Casio Calculators
21.00

-
(vii) Sport for Change Programme 0.84

-
(viii) Medicine for Cancer Patients 0.56

-
(viii) Medicine & Grocery to Old age homes 0.56

1.96 97.53

(f) Details of amount unspent

-
i. Transfer to CSR account u/s 135(6) (refer note (b) below)
83.75

ii. Transfer to specified fund as per second proviso to section 135(5) (refer note (c) below)

-
- PM Cares fund
59.37

- -
(g) Balance carried forward (excess)/ deficit

- -
(h) Details of related party transactions

(i) where a provision is made with respect to a liability incurred by entering into a contractual - -
obligation

365
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Notes:

(a) The Donation mentioned above are in compliance with the Schedule VII.

(b) Any amount remaining unspent under sub-section (5), pursuant to any ongoing project,
fulfilling such conditions as may be prescribed, undertaken by a company in persuance of its
Corporate Social Responsibility Policy, shall be transferred by the company within a period
of thirty days from the end of the financial year to a special account to be opened by the
company in that behalf for that financial year in any scheduled bank to be called the Unspent
Corporate Social Responsibility Account, and such amount shall be spent by the company in
pursuance of its obligation towards the Corporate Social Responsibility Policy within a
period of three financial years from the date of such transfer, failing which, the company shall
transfer the same to a Fund specified in Schedule VII, within a period of thirty days from the
date of completion of the third financial year. The company has transfered amount of Rs.
83.75 in Sumitomo Mitsui Banking Corporation on 25 April 2024.

(c) If the company fails to spend amount required to be spent by the Company, the Board
shall transfer such unspent amount to a Fund specified in Schedule VII, within a period of six
months of the expiry of the financial year. The Company has transferred amount of Rs. 59.37
in Prime Minister's National Relief Fund on 18 September 2024.

27 Income tax

The major component of

income tax expense for the
year ended March 31, 2024
and March 31, 2023:

Income tax expense

recognised in the statement
of profit and loss

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Current income tax:

366
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Current income tax charge 1,981.44 3,027.83

Deferred tax:

Relating to origination and

reversal of temporary
33.63 111.98
differences

2,015.07 3,139.81

Income tax expense

recognised in other
comprehensive income
(OCI)

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Deferred tax expense

Deferred tax on net gain on

measurement of defined
1.07 19.37
benefit plans

1.07 19.37

Reconciliation of tax
expense and the accounting
profit multiplied by the
applicable tax rate(s) :

367
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

For the year ended For the year ended

Particulars March 31, 2024 March 31, 2023

Accounting profit before

7,802.69 11,913.96
income tax

At India’s statutory income

tax rate of 25.17% (31 1,963.94 2,998.74
March 2023: 25.17%)

Non-deductible expenses
for tax purposes :

CSR expenses
36.51 21.79

Disallowance under -
40(a)(ia) 16.86

-
Leave encashment
42.32

Loss/ (Profit) on Sale of -

Fixed Assets 5.01

Others - Return true ups

9.61 60.10

At the effective income tax

rate of 25.83% (31 March 2,015.07 3,139.81
2023 : 26.35%)

Deferred tax:

Deferred tax relates to the

following:

368
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Statement of profit
Particulars Balance sheet
and loss

As at As at As at For the year ended For the year ended

March 31, 2024 March 31, 2023 April 01, 2022 March 31, 2024 March 31, 2023

Deferred tax Liability:-

Right of use asset

513.40 557.89 229.50 (44.49) 328.39

Deferred tax Assets:-

Difference in WDV as per

books of accounts and tax
657.79 653.80 687.23 3.99 (33.43)
laws

Provision for gratuity

79.22 104.26 181.70 (25.04) (77.44)

Provision for leave

encashment 98.17 115.65 162.05 (17.48) (46.40)

Security deposit
0.41 15.91 0.76 (15.50) 15.15

Contract liability
6.11 8.68 3.48 (2.57) 5.20

Lease Liability
541.50 564.09 230.13 (22.59) 333.96

Net deferred tax assets 131.35

869.80 904.50 1,035.85 (34.70)

Reflected in the balance

sheet as follows:

369
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

As at As at As at
Particulars
March 31, 2024 March 31, 2023 April 01, 2022

Deferred
Deferred tax assets
Tax 869.80 904.50 1,035.85

Deferred Tax Assets (net) 904.50 1,035.85

869.80

28 Earnings per share (EPS)

The following reflects the income and share data used in the basic and diluted EPS
computations:

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Net profit attributable to equity shareholders (A)

5,787.62 8,774.15

Weighted average number of equity shares for calculation of basic and diluted earnings per
share (B) 300.00 300.00

Basic and diluted earnings per share (A/B)

19.29 29.25

370
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Face value per equity share (In INR) 10.00 10.00

Reconciliation of weighted average number of equity shares for calculation of basic and
diluted earnings per share:

Weighted average
Particulars
number of shares

Equity shares of face value of INR 10 per share:

As at April 01, 2022 3,00,00,000

-
Changes in equity shares during the year

As at March 31, 2023 3,00,00,000

-
Changes in equity shares during the year

As at March 31, 2024 3,00,00,000

29 Components of other comprehensive income

The disaggregation of changes to OCI by each type of reserve in equity is

shown below:

For the year ended March 31, For the year ended March 31,
Particulars
2024 2023

Items that will not be reclassified to profit or loss

371
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Re-measurement gains/(losses) on defined benefit plans 4.25 76.98

Income tax effect (1.07) (19.37)

3.18 57.61

[613200] Notes - Cash flow statement

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022 01/04/2021
to to to
31/03/2024 31/03/2023 31/03/2022
Textual information (69)
Disclosure of cash flow statement [TextBlock] [See below]
Cash and cash equivalents cash flow statement 22,168.28 19,252.95 13,764.62
Cash and cash equivalents 22,168.28 19,252.95 13,764.62
Income taxes paid (refund), classified as operating activities 2,231.85 2,894.68
Total income taxes paid (refund) 2,231.85 2,894.68 0

372
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (69)

Disclosure of cash flow statement [Text Block]

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Cash flow from operating activities:

Profit before tax 7,802.69 11,913.96

Adjustment for:

Depreciation and amortisation expense 847.32 679.83

Gain on termination of lease -1.02 -0.79

Interest on Lease Liabilities 170.38 150.45

Interest income -1,295.98 -865.95

-
Loss on sale of fixed assets (net) 19.77

Unrealised exchange loss/ (gain) -2.77 7.54

7,540.39 11,885.04

Net change in

Trade receivables -2,166.15 -1,156.88

Inventories -524.23 -2,668.24

Other assets and Other financial assets 181.53 -561.52

Trade payables, Other financial liabilities, Other liabilities and Provisions -528.99 738.59

Cash generated from operations 4,502.55 8,236.99

373
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Direct taxes paid (net of refunds) -2,231.85 -2,894.68

Net cash generated from operating activities (A) 2,270.70 5,342.31

Cash flow from investing activities:

Purchase of property, plant and equipments -299.01 -348.01

Proceeds from sale of property, plant and equipment 2.16 29.33

-
Purchase of bank deposits -1.88

Proceeds from Bank deposits 185.05 55.09

Interest received 1,261.94 848.29

Net cash flow from investing activities (B) 1,148.26 584.70

Cash flow from financing activities:

Payment of lease liability (including interest) -503.63 -438.68

Net cash used in financing activities (C) -503.63 -438.68

Net increase in cash and cash equivalents (A+B+C) 2,915.33 5,488.33

Cash and cash equivalents at the beginning of the year 19,252.95 13,764.62

Cash and cash equivalents at the end of the year 22,168.28 19,252.95

Cash and cash equivalents comprise of the followings:

i. Cash on hand 0.31 0.26

374
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

ii. Balances with banks

a. Current accounts 6,373.03 7,972.69

iii. Deposits with original maturity of less than 3 months 15,794.94 11,280.00

22,168.28 19,252.95

Notes:

1) The Cash Flow Statement has been prepared under the "Indirect Method" set out in
Ind AS 7"Statement of Cash Flows"

2) Changes in Liabilities arising from Financial activities - Refer Note 37

Material accounting policies 1-3

The accompanying notes are an integral part of the financial statements.

As per our report of even date

375
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[500200] Notes - Additional information statement of profit and loss

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Textual information (70)
Additional information on profit and loss account explanatory [TextBlock] [See below]
Aggregated income tax relating to components of other
comprehensive income that will not be reclassified to 1.07 19.37
profit or loss
Total aggregated income tax relating to components of other
1.07 19.37
comprehensive income
Changes in inventories of stock-in-trade -371.57 -3,130.6
Total changes in inventories of finished goods, work-in-progress and
-371.57 -3,130.6
stock-in-trade
Domestic sale traded goods 74,468.96 63,587.63
Total domestic turnover goods, gross 74,468.96 63,587.63
Export sale traded goods 2,272.64 3,187.61
Total export turnover goods, gross 2,272.64 3,187.61
Total revenue from sale of products 76,741.6 66,775.24
Domestic revenue services 99.66 46.98
Export revenue services 558.7 579.91
Total revenue from sale of services 658.36 626.89
Gross value of transaction with related parties 51,008.36 43,822.3
Bad debts of related parties 0 0

376
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (70)

Additional information on profit and loss account explanatory [Text Block]

38 Financial Ratio

Following ratio are being

disclosed:

%
Particulars Numerator Denominator As at March 31, 2024 As at March 31, 2023
change

Current ratio (in times) Current Assets Current Liabilities 18.68%

5.17 4.36

Debt-equity ratio (in Debt consists of lease Shareholder’s

-18%
times) liabilities Equity 0.06 0.07

Earnings for debt service

= Net profit after taxes +
Debt service =
Debt service coverage Non-cash operating
Payement for lease -38.23%
ratio (in times) expenses + Finance Cost - 13.54 21.92
liabiliteis
Non-cash operating
income

Average
Return on equity ratio (in
Net Profits after taxes Shareholder’s 16% 31% -47.63%
%)
Equity

Inventory turnover ratio

Sales Average Inventory -0.28%
(in times) 6.39 6.40

Trade receivables Net credit sales = Gross Average Trade

-7.26%
turnover ratio (in times) credit sales - sales return Receivable 8.96 9.66

Net credit purchases =

Purchase of stock-in-trade
Trade payable turnover Average Trade
+ change in inventories of 27.63%
ratio (in times) Payables 10.64 8.34
stock-in-trade + other
expenses

Working capital =
Net capital turnover ratio Net sales = Total sales -
Current assets – -3.18%
(in times) sales return 2.12 2.19
Current liabilities

Net sales = Total

Net profit ratio (in %) Net Profit 7% 13% -42.56%
sales - sales return

377
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Capital Employed
Return on capital Earnings before interest = Tangible Net 20% 35% -42.96%
employed (in %) and taxes Worth + Total
Debt - Deferred
Tax Asset

Explanations where
change in the ratio is more
than 25%

(i) Debt service coverage

ratio

Debt service coverage

ratio has decreased mainly
due to decrease in net
profit after taxes and
increase lease payments
for the year .

(ii) Return on equity ratio

Debt service coverage

ratio has decreased mainly
due to decrease in net
profit after taxes for the
year .

(iii) Trade payable

turnover ratio

Trade payable turnover

ratio has increased mainly
due to prompt payments
being made to suppliers
for purchases on credit.

(iv) Net profit ratio

Net profit ratio has mainly

378
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

decreased mianly due to

decrease in net profit after
taxes for the year .

(v) Return on capital

employed

Retun on captital
employed has decreased
mainly due to decrease in
net profit after taxes for
the year .

[611200] Notes - Fair value measurement

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Textual information (71)
Disclosure of fair value measurement [TextBlock] [See below]
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

379
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (71)

Disclosure of fair value measurement [Text Block]

Fair value measurement

The Company measures certain financial instruments at fair value at each balance sheet date.
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or
transfer the liability takes place either:

a) In the principal market for the asset or liability, or

b) In the absence of a principal market, in the most advantageous market for the asset or liability

The principal or the most advantageous market must be accessible by the Company. The fair value of an asset or a liability is
measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market
participants act in their economic best interest. A fair value measurement of a non-financial asset takes into account a market
participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market
participant that would use the asset in its highest and best use. The Company uses valuation techniques that are appropriate in the
circumstances and for which sufficient data are available to measure fair value, maximising the use of relevant observable inputs and
minimising the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the financial
statements are categorised within the fair value hierarchy, described as follows, based on the lowest level input that is significant to
the fair value measurement as a whole:

a) Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities b) Level 2 — Valuation
techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable c)
Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable

For assets and liabilities that are recognised in the financial statements on a recurring basis, the Company determines whether
transfers have occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest level input that is
significant to the fair value measurement as a whole) at the end of each reporting period.

d) Fair value measurement of financial instruments

When the fair values of financial assets and financial liabilities recorded in the balance sheet cannot be measured based on quoted
prices in active markets, their fair value is measured using valuation techniques including the Discounted Cash Flow (DCF) model.
The inputs to these models are taken from observable markets where possible, but where this is not feasible, a degree of judgement
is required in establishing fair values. Judgements include considerations of inputs such as liquidity risk, credit risk and volatility.
Changes in assumptions about these factors could affect the reported fair value of financial instruments.

380
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Fair value hierarchy

The fair value of the financial asset and liabilities are included at the amount at which the instrument could be exchanged in a current
transaction between willing parties, other than in a forced or liquidation sale.

The following table provides the fair value measurment hierarchy of the Company's asset and liabilities, grouped into Level 1 to Level
3 as described below:-

Level 1: Quoted (unadjusted) market prices in active markets for identical assets or liabilities.

Level 2: Inputs are other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as
prices) or indirectly (i.e. derived from prices).

Level 3: Inputs are not based on observable market data (unobservable inputs). Fair values are determined in whole or in part using a
valuation model based on assumptions that are neither supported by prices from observable current market transactions in the same
instrument nor are they based on available market data.

Measurement of fair values

Valuation techniques used to determine fair value

The company maintains policies and procedures to value financial assets or financial liabilities using the best and the most relevant
data available. The fair values of financial assets and liabilities are included at the amount that would be received to sell an asset or
paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Specific valuation technique used to value financial instruments includes:

>the use of quoted market prices or dealer quotes for similar financial instruments.
>the fair value of financial assets and liabilities at amortized cost is determined using discounted cash flow analysis.

The following method and assumptions are used to estimate fair values

The carrying amount of Trade receivables, other bank balances, cash and cash equivalents, trade payables, and other financial
liabilities are considered to be their fair value due to their short-term nature.

381
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[613300] Notes - Operating segments

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Textual information (72)
Disclosure of entity's operating segments [TextBlock] [See below]
Disclosure of reportable segments [TextBlock]
Whether there are any reportable segments No No
Disclosure of major customers [TextBlock]
Whether there are any major customers No No

382
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (72)

Disclosure of entity's operating segments [Text Block]

Segment reporting

Operating segments are defined as components of an enterprise for which discrete financial information is available that is
evaluated regularly by the Chief Operating Decision Maker (CODM), in deciding how to allocate resources and assessing
performance. The CODM is considered to be the Board of Directors who makes strategic decisions and is responsible for allocating
resources and assessing performance of the operating segments

The Company has identified three segments namely "Calculators", "Electrical musical instruments" and "Watches and clocks" as
reportable segments based on the nature of the products, the risks and returns, the organization structure and the internal financial
reporting systems.
In accordance with reporting requirements of Ind AS - 108 on Segment Reporting. Label Printers and Spares and others have been
clubbed together as 'Others' as their revenue, segment result and segment assets are less than 10% of total revenue, total result and
total assets of the Company.

The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and
expenditure in individual segments and are as set out in Note 2 on material accounting policies. The accounting policies in relation
to segment accounting are as under:

a) Segment assets and liabilities

Segment assets primarily represents all operating assets used by a segment and consists of Inventories (Stock in trade) and Right to
return assets. Segment Liabilities primarily represents amount payable to holding company in respect of respective segments. All
other assets and liabilities are not identified to any reportable segments, since these are used interchangeably across segments and
consequently, the management believes that it is not practicable or meaningful to provide segment disclosures relating to such other
assets and liabilities.

b) Segment revenue

Segment revenue is directly attributable to the segment on the basis of specific identification. Segment revenue does not include
other income.

c) Segment expenses

Segment expenses comprises the expenses resulting from the operating of a segment that is directly attributable to the segment or
that can be allocated on a reasonable basis to the segment.
Allocable expenses includes certain employee benefits expense, Sales promotion and distribution expenses and Freight and
forwarding expenses. Unallocable expenses are not allocable to any segment and include all other expenses other than allocable
expenses.

A. Segment
32 accounting
policies

Operating

383
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

segments are
defined as
components of
an enterprise for
which discrete
financial
information is
available that is
evaluated
regularly by the
Chief Operating
Decision Maker
(CODM), in
deciding how to
allocate
resources and
assessing
performance.
The CODM is
considered to be
the Board of
Directors who
makes strategic
decisions and is
responsible for
allocating
resources and
assessing
performance of
the operating
segments.

The Company
has identified
three segments
namely
"Calculators",
"Electrical
musical
instruments" and
"Watches and
clocks" as
reportable
segments based
on the nature of
the products, the
risks and returns,
the organization
structure and the
internal financial
reporting
systems.
In accordance
with reporting
requirements of
Ind AS - 108 on
Segment
Reporting. Label
Printers and
Spares and
others have been
clubbed together
as 'Others' as
their revenue,
segment result
and segment
assets are less
than 10% of total
revenue, total

384
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

result and total

assets of the
Company.

The description
of segment assets
and liabilities
and the
accounting
policies in
relation to
segment
accounting are as
follows:

b) Segment
revenue

Segment revenue
is directly
attributable to

385
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

the segment on
the basis of
specific
identification.
Segment revenue
does not include
other income.

c) Segment
expenses

Segment
expenses
comprises the
expenses
resulting from
the operating of
a segment that is
directly
attributable to
the segment or
that can be
allocated on a
reasonable basis
to the segment.
Allocable
expenses
includes certain
employee
benefits expense,
Sales promotion
and distribution
expenses and
Freight and
forwarding
expenses.
Unallocable
expenses are not
allocable to any
segment and
include all other

386
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

expenses other
than allocable
expenses.

B. Segmental
Information

Primary segment
reporting by
Business
Segment

For the year For the year

Particulars ended 31 ended 31
March 2024 March 2023

Electronic Electronic
Watches and Watches and
Calculators musical Others Total Calculators musical Others Total
clocks clocks
instruments instruments

Turnover (net)
26,187.18 8,186.06 41,422.81 1,612.13 77,408.18 25,477.73 8,737.01 31,609.51 1,582

Segment
26,187.18 8,186.06 41,422.81 1,612.13 77,408.18 25,477.73 8,737.01 31,609.51 1,582
revenue

Segment result

Profit [before
unallocated
expenses/ 7,227.08
1,552.44 1,038.50 5,636.50 928.01 9,155.45 3,649.10 1,272.31 938
income and
interest income]

Less:
Unallocated
2,699.59
expenses

Operating profit 6,455.86

387
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Add:
Unallocated 49.39
income

Add: Interest
income 1,297.44

Net Profit
7,802.69
before tax

Less: Tax
expense

Current tax 1,981.44

Deferred tax
33.63
charge/ (benefit)

Net Profit after

5,787.62
tax

For the year For the year

Particulars ended 31 ended 31
March 2024 March 2023

Electronic Electronic
Watches and Watches and
Calculators musical Others Total Calculators musical Others Total
clocks clocks
instruments instruments

OTHER
INFORMATION

Segment assets 5,415.60 1,252.29 5,768.68 84.30 12,520.87 5,104.59 1,551.75 5,381.85 111

Unallocated
assets 37,696.52

Total assets 50,217.39

Segment
liability

388
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Allocated -
liabilities 653.41 1,320.57 1,572.73 3,546.71 1,718.68 324.36 984.70 1,424

Unallocated
liabilities 8,286.16

Total liabilities 11,832.87

-Provision
for tax (net of
advance tax Rs.
2,341.67)
(previous
year Rs.
2,341.67 ) (refer
note below)

Equity and
- - - - - - -
reserves and
38,384.52
surplus

Total Equity and - - - - - - -

50,217.39
liabilities

Capital
expenditure on
Property, Plant
and Equipments
403.00
and Intangible
assets
(un-allocated)

Depreciation
and amortisation
expense 847.32
(un-allocated)

Information on
the geographic
segment is as
follows:

Capital Segment
Revenues
Expenditure assets

Geographic

389
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

segment 31-Mar-24 31-Mar-23 31-Mar-24 31-Mar-23 31-Mar-24 31-Mar-23 01-Apr-22

Within India
74,576.85 63,639.58 395.82 309.69 50,212.69 44,942.15 34,013

Outside India
2,831.33 3,767.52 7.18 1.39 4.70 6.25 10

77,408.18 67,407.10 403.00 311.08 50,217.39 44,948.40 34,024

[610700] Notes - Business combinations

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
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

390
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[611500] Notes - Interests in other entities

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
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

391
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[610800] Notes - Related party

Disclosure of transactions between related parties [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Key management personnel of entity or parent [Member]
Related party [Axis] 2 3
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Name of related party Akira Watanabe Akira Watanabe Yoshiyuki Uehara Yoshiyuki Uehara
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
related party
Permanent account number of related party AEDPW2898B AEDPW2898B AIZPU2300A AIZPU2300A
Description of nature of transactions with Key Management Key Management Key Management Key Management
related party Personnel Personnel Personnel Personnel
Description of nature of related party
Remuneration Paid Remuneration Paid Remuneration Paid Remuneration Paid
relationship
Related party transactions [Abstract]
Other related party transactions expense 170.04 81.68 0 47.93
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

392
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of transactions between related parties [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Key management personnel of entity or parent [Member]
Related party [Axis] 4 5
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Name of related party Kazunori Mizutani Kazunori Mizutani Akiteru Yamamoto Akiteru Yamamoto
Country of incorporation or residence of
INDIA INDIA JAPAN JAPAN
related party
Permanent account number of related party HEOPM0426R HEOPM0426R
Description of nature of transactions with Key Management Key Management Key Management Key Management
related party Personnel Personnel Personnel Personnel
Description of nature of related party
Remuneration Paid Remuneration Paid Remuneration Paid Remuneration Paid
relationship
Related party transactions [Abstract]
Other related party transactions expense 0 152.13 122.56 0
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

393
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of transactions between related parties [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Key management personnel of entity or
Categories of related parties [Axis] Other related parties [Member]
parent [Member]
Related party [Axis] 6 1
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Casio Computer Co. Casio Computer Co.
Name of related party Hideki Imai Hideki Imai
Ltd Ltd
Country of incorporation or residence of
INDIA INDIA JAPAN JAPAN
related party
Permanent account number of related party AKRPI2407A AKRPI2407A
Description of nature of transactions with Key Management Key Management
Holding Company Holding Company
related party Personnel Personnel
Description of nature of related party
Remuneration Paid Remuneration Paid Holding company Holding company
relationship
Related party transactions [Abstract]
Purchases of goods related party transactions 49,424.19 42,487.61
Revenue from sale of goods related party
558.85 581
transactions
Other related party transactions expense 189.21 178.66 543.31 353.06
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 3,546.71 4,459.61
Amounts receivable related party transactions 0 0 72.24 74.13
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

394
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of transactions between related parties [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 7
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Disclosure of transactions between related parties [Abstract]
Disclosure of transactions between related parties [Line items]
Casio Europe
Name of related party GMBH
Casio Europe GMBH

Country of incorporation or residence of related party GERMANY GERMANY

Fellow subsidiary Fellow subsidiary
Description of nature of transactions with related party company company
Fellow subsidiary Fellow subsidiary
Description of nature of related party relationship company company
Related party transactions [Abstract]
Other related party transactions expense (A) 0.21 (B) 0.21
Other related party transactions contribution received 0 0
Outstanding balances for related party transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 0
Outstanding commitments made by entity, related party transactions 0 0
Outstanding commitments made on behalf of entity, related party transactions 0 0
Provisions for doubtful debts related to outstanding balances of related party
0 0
transaction
Expense recognised during period for bad and doubtful debts for related party
0 0
transaction

Footnotes
(A) Service support fees is 0.01 Reimbursement of expenses incurred for related party is 0.20
(B) Service support fees is 0.01 Reimbursement of expenses incurred for related party is 0.20
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Textual information (73)
Disclosure of related party [TextBlock] [See below]
Whether there are any related party transactions during year Yes Yes
Disclosure of transactions between related parties [TextBlock]
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)

395
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (73)

Disclosure of related party [Text Block]

33 Related party disclosure

Related party and nature of related party relationship

(a)
where control exists:

Description of relationship Name of the Party

Holding company Casio Computer Co. Ltd., Japan

(b) Key Management Personnel

Managing Director Hideki Imai (Appointed on 20 June 2022)

Yoshiyuki Uehara (Resigned on 21 June

Managing Director
2022)

Akira Watanabe ( Ceased to be

Additional Director on 27 September
Additional Director
2023 and reappointed as Additional
Director on 16 July 2024)

Ono Tetsuro (Appointed on 26 March

Additional Director
2024)

Akiteru Yamamoto (Appointed as

additional director on 04-May-2023,
Director
Promoted to Director on 26 September
2023 and Resigned on 26 April 2024)

Tamoo Kato (Resigned on 20 February

Director
2024)

Kazunori Mizutani (Resigned on 28 Feb

Director
2023)

396
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

(c) Other related parties with whom transactions have been

taken place:

Description of relationship Name of the Party

Fellow subsidiary company Casio Europe GMBH

Key Management Personnel

Managing Director Hideki Imai

Additional Director Akira Watanabe

Director Akiteru Yamamoto

(d) Particulars of related party transactions

Nature of transaction For the year ended For the year ended

31 March 2024 31 March 2023

i) With Casio Computer Co. Ltd, Japan

Purchase of goods

- Purchase of stock in trade 49,004.11

42,150.83

- Purchase of spare parts 420.08

336.78

397
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Sale of services

- Call centre income -

21.93

- Service support fees 558.70

557.98

- Other Income 0.15 1.09

Other expenses

- Distribution expenses 4.76 2.64

- Product association charges 75.64

42.57

- Repair and maintenance - others 148.55

46.36

- Sales promotion expenses 21.85 5.00

- Travelling Expenses 5.40

30.95

- Purchase of Property, plant and equipment 4.16 2.83

Reimbursement of employee benefit expense incurred

by related party

- Salaries, wages and bonus 157.50

83.33

- Staff welfare 18.74 7.92

Reimbursement of expenses incurred for related party 106.71

131.46

398
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

ii) With key management personnel

- Akira Watanabe 170.04

81.68

- Yoshiyuki Uehara -
47.93

- Kazunori Mizutani -
152.13

-
- Akiteru Yamamoto 122.56

- Hideki Imai 189.21

178.66

iii) With Casio Europe GMBH

Sale of services

- Service support fees 0.01 0.01

Reimbursement of expenses incurred for related party 0.20 0.20

(d) Particulars of balances outstanding

399
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Particulars As at As at As at

31 March 2024 31 March 2023 1 April 2022

i) Casio Computer Co. Ltd, Japan

Trade payables 3,546.71

4,459.61 4,617.82

Trade receivables 72.24

74.13 73.62

With key management personnel

-
- Akira Watanabe 9.88 2.78

- -
- Akiteru Yamamoto 6.41

-
- Hideki Imai 12.68
12.59

-
- Yoshiyuki Uehara - 2.64

Particulars As at As at As at

31 March 2024 31 March 2023 1 April 2022

ii) Casio Europe GMBH, Europe

-
Trade receivables -
0.25

Notes:

400
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

a. Based on the internal evaluation, the Company has

concluded that all related party transactions are carried
out on arm’s length basis.

b. The remuneration to the key managerial personnel as

disclosed above does not include the provision made
for gratuity and leave benefits, as they are determined
on an actuarial basis for the Company as a whole.

[611700] Notes - Other provisions, contingent liabilities and contingent assets

Disclosure of contingent liabilities [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Contingent liability on disputed income
Classes of contingent liabilities [Axis] Other contingent liabilities [Member]
tax [Member]
01/04/2023 01/04/2022 01/04/2023 01/04/2022
to to to to
31/03/2024 31/03/2023 31/03/2024 31/03/2023
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Demand raised u/s
Demand raised u/s
144C read with
Description of nature of obligation, contingent Refer to child 144C read with
Refer to child member section 143 (3) of
liabilities member section 143 (3) of the
the Income tax Act,
Income tax Act, 1961.
1961.
Estimated financial effect of contingent
3,250 502.76 3,250 502.76
liabilities

Disclosure of contingent liabilities [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Contingent liability on disputed custom
Classes of contingent liabilities [Axis]
demands [Member]
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Basic custom duties Basic custom duties
Description of nature of obligation, contingent liabilities on projectors of the on projectors of the
custom Act, 1962 custom Act, 1962
Estimated financial effect of contingent liabilities 0 0

Disclosure of other provisions [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other provisions [Axis] Warranty provision [Member]
01/04/2023 01/04/2022
to to 31/03/2022
31/03/2024 31/03/2023
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]
Increase in existing provisions, other provisions 264.06 248.79
Total additional provisions, other provisions 264.06 248.79
Other increase decrease in other provisions -128.48 -119.96
Total changes in other provisions 135.58 128.83
Other provisions at end of period 738.82 603.24 474.41

401
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

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

01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Disclosure of other provisions, contingent liabilities and contingent assets Textual information (74)
[TextBlock] [See below]
Disclosure of other provisions [TextBlock]
Basic custom duties on
Disclosure of contingent liabilities [TextBlock] projectors of the custom
Act, 1962
Whether there are any contingent liabilities Yes Yes

402
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (74)

Disclosure of other provisions, contingent liabilities and contingent assets [Text Block]

Provisions and contingent liabilities

Provisions:
The Company recognises a provision when there is a present obligation (legal or constructive) as a result of past event and it is probable that the
Company will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. The amount recognised as
a provision are not discounted to its present value, and are determined based on the management’s best estimate of the amount of consideration,
taking into account the risks and uncertainties surrounding the obligation, required to settle the present obligation at the end of the reporting
period.

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is
recognised as an asset if it is virtually certain that reimbursements will be received and the amount of receivable can be measured reliably.

Accruals for discounts/incentives and returns are required to be estimated (using the most likely method) based on accumulated experience and
underlying schemes and agreements with customers.

Provision for Warranties:

A provision is estimated for expected warranty claims in respect of products sold during the year on the basis of past experience regarding
failure trends of products and costs of rectification or replacement. Management estimates the provision based on historical warranty claim
information and any recent trends that may suggest future claims could differ from historical amounts.
The Company periodically assesses and provides for the estimated liability on warranty given on sale of its products based on past performance
of such products.

Contingent liability:
A disclosure of a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not, require
an outflow of resources. Where there is a possible obligation or a present obligation that the likelihood of outflow of resources is remote, no
provision or disclosure is made.

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 the obligation or a reliable
estimate of the amount cannot be made.

Contingent assets are neither recognized nor disclosed in the financial statements.

g) Provisions & Contigencies

The Company estimates the provisions that have present obligations as a result of past events and it is probable that outflow of
resources will be required to settle the obligations. These provisions are reviewed at the end of each reporting period and are
adjusted to reflect the current best estimates. The Company uses significant judgements to assess contingent liabilities. Contingent
liabilities are recognised 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 futur 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
the obligation or a reliable estimate of the amount cannot be made. Contingent assets are neither recognised nor disclosed in the
financial statements.

403
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

16 Provisions

Non-current Current

As at As at As at As at As at As at
Particulars
March 31, 2024 March 31, 2023 April 01, 2022 March 31, 2024 March 31, 2023 April 01, 2022

Provision for
employee
benefits

i. Provision for
Provision
gratuity refer
for gratuity 280.51 360.50 679.30 34.26 53.75 42.6
note 30

Provision ii. Provision for

for Leave Leave
364.73 409.00 603.20 25.31 50.52 40.6
encashment encashment

Other provisions

Provision i. Provision for

for Assurance type
515.32 490.98 335.76 223.50 112.26 138.6
Warranty Warranties

Provision
for CST
Expenses

1,160.56 1,260.48
1,618.26 283.07 216.53 221.9

Movement in

404
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Provision for
Assurance type
Warranties

As at As at
March 31, 2024 March 31, 2023

Opening Balance 603.24 474.41

Provision
created/(reversed)
264.06 248.79
during the year

Provision utilized
during the year (128.48) (119.96)

Closing Balance 738.82 603.24

31 Contingent liabilities

The Company has received

Period to
which
As at As at

405
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Nature of Dues March 31, 2024 March 31, 2023 Amount paid Amount paid the Forum where
under protest under protest amount dispute is
March 31, 2024 March 31, 2023 relates pending

Demand raised u/s 144C read Financial The Hon'ble

a) with section 143 (3) of the year Delhi High
93.61 93.61 15.00 15.00
Income tax Act, 1961. 2005-06 Court

Demand raised u/s 144C read Financial The Hon'ble

b) with section 143 (3) of the year Supreme
58.26 58.26 10.00 10.00
Income tax Act, 1961. 2006-07 Court

Demand raised u/s 144C read Financial The Hon'ble

c) with section 143 (3) of the 71.65* year Supreme
179.13 179.13 71.65
Income tax Act, 1961. 2007-08 Court

Commissioner
Demand raised u/s 144C read Financial
of Income
d) with section 143 (3) of the year
171.76 171.76 34.36 34.36 Tax
Income tax Act, 1961. 2008-09
(Appeals)

Financial
year
2012-13,
2013-14,

406
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

2014-15,
2015-16,
2016-17,
2017-18,
2018-19,

Basic custom duties on Commissioner

- -
g) projectors of the custom Act, 378.79*** Appeal
392.54
1962 (Custom)

407
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

2019-20
and
2020-21

Matter
pending
Demand raised u/s 144C read Financial
- - - before
h) with section 143 (3) of the year
968.91 Dispute
Income tax Act, 1961. 2019-20
Resolution
Panel

Matter
pending
Demand raised u/s 144C read Financial
- - - before
i) with section 143 (3) of the year
1,778.33 Dispute
Income tax Act, 1961. 2020-21
Resolution
Panel

3,250.00 502.76
612.22 625.97

Notes:

i) 'The above amounts are

based on draft/final order
received from respective
authorities including interest
and penalty, wherever
indicated in the order.

ii) Management is of the firm

belief that the above demands
are not tenable and highly
unlikely to be retained by
higher authorities and is
accordingly not carrying any
provision in its books in
respect of such demand.

* For FY 07-08 , Out of Rs.

71.65 paid under protest
amount of Rs. 16.06 is
received from Income tax
dept on 04-06-2024

**For FY 10-11, out of 50

Lacs paid under protest, Rs 50
Lacs is received from Income
Tax Dept. on 04-06-2024

*** For the proceedings of

408
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Customs Act, 1962 the

amount of 378.79 Lacs have
been received on 09-07-2024

[700200] Notes - Corporate social responsibility

Disclosure of net profits for last three financial years [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Financial year 1 Financial year 2 Financial year 3
Net profits for last three financial years [Axis]
[Member] [Member] [Member]
01/04/2023 01/04/2023 01/04/2023
to to to
31/03/2024 31/03/2024 31/03/2024
Disclosure of net profits for last three financial years [Abstract]
Disclosure of net profits for last three financial years [LineItems]
Description of financial year 2022-23 2021-22 2020-21
Profit before tax of financial year 11,913.96 8,530.18 1,147.82
Net profit computed u/s 198 and adjusted as per rule 2(1)(f)
12,084.32 8,530.18 1,147.82
of Companies (CSR Policy) Rules, 2014

Classification of CSR spending [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of CSR spending [Axis] 1 2 3 4
01/04/2023 01/04/2023 01/04/2023 01/04/2023
to to to to
31/03/2024 31/03/2024 31/03/2024 31/03/2024
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]
Prime Minister’s
Sports for Change Medicine for Cancer Medicine and Grocery
CSR project or activity identified Programme Patient for Old Age Home
National Relief
Fund
Prime Minister's
Training to promote
Sector in which project is covered sports
Health care Health care National Relief
Fund
Whether projects or programs undertaken
true true true false
in local area or other
Name of state or union territory where
Uttar Pradesh Delhi (NCT) Delhi (NCT) All India
projects or programs was undertaken
Name of district where projects or programs
Noida Delhi NCR Delhi NCR
was undertaken
Budget amount outlay project or program wise 0.86 0.56 0.56 59.38
Amount spent on projects or programs
[Abstract]
Direct expenditure on projects or programs 0 0 0 0
Overheads on projects or programs 0 0 0 0
Total amount spent on projects or programs 0 0 0 0
B y B y B y
Trusts/Societies/Section Trusts/Societies/Section Trusts/Societies/Section Directly by
Mode of amount spent 8 company set up by 8 company set up by 8 company set up by company
company itself company itself company itself

409
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

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

01/04/2023
to
31/03/2024
Textual information (75)
Disclosure of corporate social responsibility explanatory [TextBlock] [See below]
Whether provisions of corporate social responsibility are applicable on
Yes
company
Textual information (76)
Disclosure of composition of CSR committee [TextBlock] [See below]
Whether company has written CSR policy Yes
Textual information (77)
Details CSR policy [TextBlock] [See below]
Average net profit for last three financial years 7,254.11
Prescribed CSR expenditure 145.08
Amount CSR to be spent for financial year 145.08
Amount CSR spent for financial year 145.08
Amount spent in local area 0.86
Amount unspent CSR 83.37
Disclosure manner in which amount CSR spent during financial year Textual information (78)
explanatory [TextBlock] [See below]
Textual information (79)
Details of implementing agency [See below]

410
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (75)

Disclosure of corporate social responsibility explanatory [Text Block]

ANNEXURE – A

Annual Report on CSR Activities and Initiatives for Financial Year Commencing on or after 1st Day of April, 2023

1. Brief outline on CSR Policy of the Company.

2. Composition of CSR Committee:

During the Financial Year under review, the Corporate Social Responsibility Committee of the Board comprised of following members :

Sl. Name of Designation / Nature of Number of meetings of CSR Committee Number of meetings of CSR Committee
No. Director Directorship held during the year attended during the year

Chairman (Managing
1 Mr. Hideki Imai 1 1
Director)

Mr. Akiteru
2 Director 1 1
Yamamoto

4. Provide the details of Impact assessment of CSR projects carried out in pursuance of sub-rule (3) of rule 8 of the Companies (Corporate Social
responsibility Policy) Rules, 2014, if applicable

411
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

412
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Sl. Financial Amount available for set-off from preceding financial years Amount required to be set-off for the financial year, if any
No. Year (in Rs) (in Rs)

Total

6. Average net profit of the company as per section 135(5).

Rs. 725,411,123

7. (a) Two percent of average net profit of the company as per section 135(5)

Rs. 14,508,222

(b) Surplus arising out of the CSR projects or programmes or activities of the previous financial years.

NIL

(d) Total CSR obligation for the financial year (7a+7b-7c).

Rs. 14,508,222

8. (a) CSR amount spent or unspent for the financial year:

Amount
Total Amount Spent for the Unspent (in
Financial Year. (in Rs.) Rs.)

Total Amount transferred to Amount transferred to any fund specified under

Unspent CSR Account as per Schedule VII as per second proviso to section
section 135(6). 135(5).

Date of
2023-24 Amount. Date of transfer. Name of the Fund Amount.
transfer.

Prime Minister’s
196,154 83,74,722 25/04/2022 National Relief 59,37,346 18/09/2024
Fund

413
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

(b) Details of CSR amount spent against ongoing projects for the financial year:

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)

CSR
State. District. Name Registration
number.

Sports for
SPORTZVILLAGE
1. Change (vii) YES UP./Noida 1 year 85,000 83,74,722 No CSR00001045
FOUNDATION
Programme

Total

(1) (2) (3) (4) (5) (6) (7) (8)

CSR
State. District. Name. registration
number.

Medicine for
1. (i) Yes Delhi/NCR 55,583 No CANSUPPORT CSR00000673
Cancer Patient

414
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Medicine and
2. Grocery for Old (i) Yes Delhi/NCR 55,571 No SHEOWS CSR00000665
Age Home

Total 111,154

(d) Amount spent in Administrative Overheads

(e) Amount spent on Impact Assessment, if applicable

(f) Total amount spent for the Financial Year (8b+8c+8d+8e) Rs. 1,96,154

(g) Excess amount for set off, if any

Sl. No. Particular Amount (in Rs.)

(i) Two percent of average net profit of the company as per section 135(5) 14,508,222

(ii) Total amount spent for the Financial Year 1,96,154

(iii) Excess amount spent for the financial year [(ii)-(i)] NA

(iv) Surplus arising out of the CSR projects or programmes or activities of the previous financial years, if any NA

(v) Amount available for set off in succeeding financial years [(iii)-(iv)] NA

9. (a) Details of Unspent CSR amount for the preceding three financial years:

Name
Amount
of the Date of transfer.
(in Rs).
Fund

1. 2022-23 NIL - - - - NIL

2. 2021-22 NIL 1,096,627 - - - NIL

2020-21 NIL 1,59,608 - - - NIL

Total 12,56,235

415
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

(b) Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s):

(1) (2) (3) (4) (5) (6) (7) (8) (9)

Total

10. In case of creation or acquisition of capital asset, furnish the details relating to the asset so created or acquired through CSR spent in the
financial year

(asset-wise details).

(a) Date of creation or acquisition of the capital asset(s).

(b) Amount of CSR spent for creation or acquisition of capital asset.

(c) Details of the entity or public authority or beneficiary under whose name such capital asset is registered, their address etc.

(d) Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset).

11. Specify the reason(s), if the company has failed to spend two per cent of the average net profit as per section 135(5).

BY ORDER OF THE BOARD OF DIRECTORS

FOR CASIO INDIA CO., PRIVATE LIMITED

HIDEKI IMAI AKIRA WATANABE

416
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

(Managing Director) (Additional Director)

DIN:09639424 DIN: 08624601

Place : New Delhi

Date: 26.09.2024

Textual information (76)

Disclosure of composition of CSR committee [Text Block]

2. Composition of CSR Committee:

During the Financial Year under review, the Corporate Social Responsibility Committee of the Board comprised of following members :

Sl. Name of Designation / Nature of Number of meetings of CSR Committee Number of meetings of CSR Committee
No. Director Directorship held during the year attended during the year

Chairman (Managing
1 Mr. Hideki Imai 1 1
Director)

Mr. Akiteru
2 Director 1 1
Yamamoto

Textual information (77)

Details CSR policy [Text Block]

417
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (78)

Disclosure manner in which amount CSR spent during financial year explanatory [Text Block]

Textual information (79)

Details of implementing agency

Details of CSR amount spent against ongoing projects for the financial year: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) Sl. No. Name of the
Project. Item from the list of activities in Schedule VII to the Act. Local area (Yes/No). Location of the project. Project duration. Amount
allocated for the project (in Rs.). Amount spent in the current financial Year (in Rs.). Amount transferred to Unspent CSR Account for the project
as per Section 135(6) (in Rs.). Mode of Implementation - Direct (Yes/No). Mode of Implementation - Through Implementing Agency State.
District. Name CSR Registration number. 1. Sports for Change Programme (vii) YES UP./Noida 1 year 85,000 83,74,722 No
SPORTZVILLAGE FOUNDATION CSR00001045 2. 3. Total Details of CSR amount spent
against other than ongoing projects for the financial year: (1) (2) (3) (4) (5) (6) (7) (8) Sl. No. Name of the Project Item from the list of activities
in schedule VII to the Act. Local area (Yes/ No). Location of the project. Amount spent for the project (in Rs.). Mode of implementation - Direct
(Yes/No). Mode of implementation - Through implementing agency. State. District. Name. CSR registration number. 1. Medicine for Cancer
Patient (i) Yes Delhi/NCR 55,583 No CANSUPPORT CSR00000673 2. Medicine and Grocery for Old Age Home (i) Yes Delhi/NCR 55,571 No
SHEOWS CSR00000665 Total 111,154

[610500] Notes - Events after reporting period

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
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 Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Disclosure of share-based payment arrangements [TextBlock]
Whether there are any share based payment arrangement No No

418
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[613000] Notes - Earnings per share

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2023 01/04/2022
to to
31/03/2024 31/03/2023
Textual information (80)
Disclosure of earnings per share [TextBlock] [See below]
Basic earnings per share [Abstract]
Diluted earnings per share [Abstract]
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

419
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (80)

Disclosure of earnings per share [Text Block]

Earnings per share

28 Earnings per share (EPS)

The following reflects the income and share data used in the basic and diluted EPS
computations:

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Net profit attributable to equity shareholders (A)

5,787.62 8,774.15

Weighted average number of equity shares for calculation of basic and diluted earnings per
share (B) 300.00 300.00

Basic and diluted earnings per share (A/B)

19.29 29.25

420
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Face value per equity share (In INR) 10.00

10.00

Reconciliation of weighted average number of equity shares for calculation of basic and
diluted earnings per share:

Weighted average
Particulars
number of shares

Equity shares of face value of INR 10 per share:

As at April 01, 2022 3,00,00,000

-
Changes in equity shares during the year

As at March 31, 2023 3,00,00,000

-
Changes in equity shares during the year

As at March 31, 2024 3,00,00,000

421
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

[610900] Notes - First time adoption

Disclosure of profit (loss) for the period Ind AS adjustment [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Ind AS adjustment for profit (loss) for the period [Axis] 1
01/04/2022
to
31/03/2023
Adjustment in the
Description of Ind AS adjustment profit for the year
Adjustment in the
Description of Ind AS adjustment profit for the year
Adjustment in the
Description of Ind AS adjustment profit for the year
Adjustment in the
Description of Ind AS adjustment profit for the year
Adjustment in the
Description of Ind AS adjustment profit for the year
Adjustment in the
Description of Ind AS adjustment profit for the year
Ind AS Adjustment for profit (loss) for the period -127.74
Ind AS Adjustment for profit (loss) for the period -127.74
Disclosure of profit (loss) for the period Ind AS adjustment [Abstract]
Disclosure of profit (loss) for the period Ind AS adjustment [Line items]
Adjustment in the
Description of Ind AS adjustment profit for the year
Adjustment in the
Description of Ind AS adjustment profit for the year
Adjustment in the
Description of Ind AS adjustment profit for the year
Ind AS Adjustment for profit (loss) for the period -127.74
Ind AS Adjustment for profit (loss) for the period -127.74

422
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Disclosure of comprehensive income Ind AS adjustment [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Ind AS adjustment for comprehensive income [Axis] 1
01/04/2022
to
31/03/2023
Comprehensive
Description of Ind AS adjustment Income for the year,
net of tax
Comprehensive
Description of Ind AS adjustment Income for the year,
net of tax
Comprehensive
Description of Ind AS adjustment Income for the year,
net of tax
Ind AS Adjustment for comprehensive income -70.13
Ind AS Adjustment for comprehensive income -70.13
Disclosure of comprehensive income Ind AS adjustment [Abstract]
Disclosure of comprehensive income Ind AS adjustment [Line items]
Comprehensive
Description of Ind AS adjustment Income for the year,
net of tax
Comprehensive
Description of Ind AS adjustment Income for the year,
net of tax
Comprehensive
Description of Ind AS adjustment Income for the year,
net of tax
Ind AS Adjustment for comprehensive income -70.13
Ind AS Adjustment for comprehensive income -70.13
Comprehensive
Description of Ind AS adjustment Income for the year,
net of tax
Comprehensive
Description of Ind AS adjustment Income for the year,
net of tax
Comprehensive
Description of Ind AS adjustment Income for the year,
net of tax

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

01/04/2023 01/04/2022 01/04/2021
to to to
31/03/2024 31/03/2023 31/03/2022
Textual information (81)
Disclosure of first-time adoption [TextBlock] [See below]
Whether company has adopted Ind AS first time Yes No No
Disclosure of reconciliation of equity from previous GAAP to Ind AS
[TextBlock]
Equity as per Indian GAAP 0 3,000 0
Equity as per Ind AS 0 3,000 0
Disclosure of reconciliation of comprehensive income from previous GAAP
to Ind AS [TextBlock]
Comprehensive income as per Indian GAAP 0 8,901.89 0
Comprehensive income as per Ind AS 0 8,831.76 0
Disclosure of reconciliation of profit (loss) for the period from
previous GAAP to Ind AS [TextBlock]
Profit (loss) for the period as per Indian GAAP 0 8,901.89 0
Profit (loss) for the period as per Ind AS 0 8,774.15 0

423
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Textual information (81)

Disclosure of first-time adoption [Text Block]

First Time Adoption of

39
Ind AS

As stated in note 2
"Material Accounting
Policies", these are the
Company’s first
financial statements
prepared in accordance
with Ind AS.

For the year ended 31

March 2023, the
Company had prepared
its financial statements
in accordance with
Companies
(Accounting
Standards) Rules,
2006, notified under
Section 133 of the Act
and other relevant
provisions of the Act
('previous GAAP'). The
accounting policies set
out in note 2 have been
applied in preparing
the financial statements
for the year ended
March 31, 2024, the
comparative
information presented
in these financial
statements for the year
ended March 31, 2023
and in the preparation
of an opening Ind AS
balance sheet at April
01, 2022 (the
Company’s date of
transition). In
preparing its opening
Ind AS balance sheet
as at April 01, 2022
and in presenting the
comparative
information for the
year ended March 31,
2023, the Company has
adjusted amounts
reported previously in
financial statements
prepared in accordance
with previous GAAP.
An explanation of how
the transition from
previous GAAP to Ind
AS has affected the
Company’s balance

424
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

sheet, statement of
profit or loss and cash
flows is set out in the

425
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

following tables and

the notes that
accompany the tables.

Exemptions and
exceptions availed

Set out below are the

applicable Ind AS 101
optional exemptions
and mandatory
exceptions applied in
the transition from
previous GAAP to Ind
AS.

Ind AS optional
A.
exemptions

(i) Deemed cost

Ind AS 101 permits a

first-time adopter to
elect to continue with
the carrying value for
all of its property, plant
and equipment as
recognised in the
financial statements as
at the date of transition
to Ind AS, measured as
per the previous GAAP
and use that as its
deemed cost as at the
date of transition after
making necessary
adjustments for
decommissioning
liabilities. This
exemption can also be
used for intangible
assets covered by Ind
AS 38 Intangible
Assets.

Accordingly, the
Company has elected
to measure all of its
property, plant and
equipment and
intangible assets at
their previous GAAP
carrying value on the
date of transition to Ind
AS.

426
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

(ii) Leases

Ind AS 116 requires an

entity to assess whether
a contract or
arrangement contains a
lease. In accordance
with Ind AS 116, at the
inception of the
contract, an entity shall
assess whether the
contract is, or contains,
a lease. Ind AS 101
provides an option to
make this assessment
on the basis of facts
and circumstances
existing at the date of
transition to Ind AS,
except where the effect
is expected to be not
material. The Company
has elected to apply
this exemption for such
contracts/arrangements.

(iii) Revenue

The Company has

applied Ind AS 115
'Revenue from
contracts with
customers' to contracts
that are not completed
on transition date.
Further, the Company
has applied full
restrospective approach
on transition date
subject to some
practical expedients as
prescribed by the
standard.

Ind AS mandatory
B.
exceptions

(i) Estimates

427
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

As per Ind AS 101, an

entity's estimates in
accordance with Ind
AS at the date of
transition to Ind AS at
the end of the
comparative period
presented in the entity's
first Ind AS financial
statements, as the case
may be, should be
consistent with
estimates made for the
same date in
accordance with the
previous GAAP unless
there is objective
evidence that those
estimates were in error.
However, the estimates
should be adjusted to
reflect any differences
in accounting policies.
As per Ind AS 101,
where application of
Ind AS requires an
entity to make certain
estimates that were not
required under
previous GAAP, those
estimates should be
made to reflect
conditions that existed
at the date of transition
(for preparing opening
Ind AS balance sheet)
or at the end of the
comparative period (for
presenting comparative
information as per Ind
AS).
The Company's
estimates under Ind AS
are consistent with the
above requirement.
Key estimates
considered in
preparation of the
financial statements
that were not required
under the previous
GAAP are listed
below:
- Impairment of
financial assets based
on the expected credit
loss model.
- Determination of the
discounted value for
financial instruments
carried at amortised
cost.
- Determination of
incremental borrowing
rate for measurement
of lease liabilities and
corresponding right of

428
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

use assets.
- Determination of
Transaction price.

Classification and
(ii) measurement of
financial assets

Ind AS 101 requires

entity to assess the
classification and
measurement of
financial assets on the
basis of facts and
circumstances existed
at the date of transition
to Ind AS. Accordingly
classification and
measurement of
financial assets have
been made on the basis
of facts and
circumstances that
exist at the date of
transition to Ind AS.
Further, the standard
permits measurement
of financial assets
accounted at amortised
cost based on facts and
circumstances existing
at the date of transition
if retrospective
application is
impracticable.

Accordingly, the
Company has
determined the
classification of
financial assets based
on facts and
circumstances that
exist on the date of
transition.
Measurement of the
financial assets
accounted at amortised
cost has been done
retrospectively except
where the same is
impracticable.

Derecognition of
(iii) Financial Assets and
Financial liabilities:

Ind AS 101 requires a

first time adopter to
apply the derecognition
provisions of Ind AS
109 prospectively for

429
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

transactions occuring
on or after the date of
transition to Ind AS.
However Ind AS 101
allows a first time
adopter to apply the
derecognition
requirements in Ind AS
109 from the date of
entity's choosing,
provided that the
information needed to
apply Ind AS 109 to
financial assets and
financial liabilities
derecognised as a
result of past
transactions was
obtained at the time of
initially accounting for
those transactions. The
Company has elected
to apply the
derecognition
provisions
prospectively for

430
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

transactions occuring
on or after the date of
transition to Ind AS.

Reconciliations
C. between previous
GAAP and Ind AS

Ind AS 101 requires an

entity to reconcile
equity, total
comprehensive income
and cash flows for
prior periods. The
following tables
represent the
reconciliations from
previous GAAP to Ind
AS.

Reconciliation of
equity

As at April 01, As at March 31,

Particulars Note
2022 2023

Previous
Particulars Adjustments Ind AS Previous GAAP* Adjustments
GAAP*

ASSETS

Non-current assets

Property, plant and

-
equipment 678.51 678.51 665.43

Intangible assets - 33.09 34.16

33.09

431
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Right-of-use assets a - 911.87 - 2,216

911.87

Financial assets

(i) Other financial

a&e 19.52 67.97 (45
assets 48.45 196.34

Deferred tax assets

d 2.10 25
(net) 1,033.75 1,035.85 879.17

Non-current tax assets

-
(net) 695.97 695.97 695.97

Other non-current
e (22.54) (17
assets 490.62 468.08 421.25

Total Non-current
2,980.39 910.95 3,891.34 2,892.32 2,178
assets

Current assets

Inventories e - (472
9,192.37 9,192.37 12,333.45

Financial assets

(i) Trade receivables -

6,397.86 6,397.86 7,554.80

(ii) Cash and cash

-
equivalents 13,764.62 13,764.62 19,252.95

(iii). Bank balances

-
other than (ii) above 240.07 240.07 184.96

(iv) Other financial

e 53.12 76.64 19
assets 253.96 307.08

Other current assets e (53.12) 453

284.12 231.00 474.48

Total Current assets 30,133.00 - 30,133.00 39,877.28

432
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Total assets 33,113.39 910.95 34,024.34 42,769.60 2,178

EQUITY AND
LIABILITIES

Equity

Equity share capital -

3,000.00 3,000.00 3,000.00

Other equity (6.25) (76

20,768.21 20,761.96 29,670.11

Total equity 23,768.21 (6.25) 23,761.96 32,670.11 (76

Liabilities

Non-current liabilities

Financial Liabilities

-
(i) Lease liabilities a 694.00 - 1,904
694.00

Provisions -
1,618.26 1,618.26 1,260.48

Other non-current
a&c 2.84 13.84 20.58 12
liabilities 11.00

Total Non-current
1,629.26 696.84 2,326.10 1,281.06 1,917
liabilities

Current liabilities

Financial Liabilities

-
(i) Lease liabilities a 220.36 - 336
220.36

433
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

(ii) Trade payables

- total outstanding
dues of micro
-
enterprises and 277.19 277.19 190.53
small enterprises;

- total outstanding
dues of creditors other
then micro -
5,252.09 5,252.09 5,065.64
enterprises and
small enterprises;

Unbilled &
e - (790
Accruals 628.37 628.37 1,843.54

(iii) Other financial

- 65.11 28.18
liabilities 65.11

Other current liabilities c&e - 792

864.16 864.16 933.82

Provisions -
221.96 221.96 216.53

Current tax liabilities

-
(net) 407.04 407.04 540.19

Total Current liabilities 7,715.92 220.36 7,936.28 8,818.43 338

Total equity and

33,113.39 910.95 34,024.34 42,769.59 2,178
liabilities

Reconciliation of total
comprehensive income
for the year ended
March 31, 2023

434
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Particulars Note GAAP Adjustments Reclassifica

Revenue

Revenue from
contracts with c
68,391.58 (984.48)
customers

Other income a 6.75

940.04

Total income 69,331.62 (977.73)

Expenses

Purchase of traded
-
goods 48,427.20

Changes in inventories
-
of stock in trade (3,130.60)

Employee benefits
b 76.98
expense 3,541.04

Finance costs a&e - 13

150.45

Depreciation and
a
amortisation expense 293.76 386.07

Other expenses a, c & e (13

8,115.91 (1,420.88)

Total expenses 57,247.31 (807.38)

Profit before tax 12,084.31 (170.35)

Income Tax expense

(i) Current tax -

3,027.83

(ii) Deferred tax d

154.59 (42.61)

435
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Profit for the year 8,901.89 (127.74)

Other comprehensive
income

A. Items that will not

be reclassified to profit
or loss

Re-measurement gains
(losses) on defined b - 76.98
benefit plans

Income tax effect of

d -
defined benefit plans (19.37)

Other comprehensive
income for the year, - 57.61
net of tax

Total comprehensive
8,901.89 (70.13)
income for the year

Reconciliation of
Statement of Cash
Flow for the year
ended 31st March,
2023

Particulars Previous GAAP* Adjustments

Net Cash flow from

475
Operating Activities 4,866.67

Net Cash flow from

(36
Investing Activities 621.66

436
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Net Cash flow

from/(used in) - (438
Financing Activities

Net
Increase/(Decrease) in
5,488.33
Cash and Cash
Equivalents

Cash and Cash

equivalents at the
Beginning of the 13,764.62
Period

Cash and Cash

equivalents at the End
19,252.95
of the Period

*The previous GAAP

figures have been
reclassified to conform
to Ind AS presentation
requirements for the
purposes of this note.

Reconciliation of total
other equity as at
March 31, 2023 and
April 01, 2022

As at
Note
March 31, 20

Total other equity

(shareholder's funds) as 29,670
per Previous GAAP

Adjustments:

Opening retained
earning adjustments

Impact of Ind AS 116 -

a (67
Leases

437
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Impact of Ind AS 115 -

Revenue from contract c (34
with Customers

Impact of Ind AS 12 -
Tax impact on above d 25
adjustments

Total Adjustments (76

Total other equity as

29,593
per Ind AS

Breakup of total other

equity as at April 01,
2022

Total Other Equity 20,761.96

Retained Earnings 20,704.94

Remeasurement of
57.02
defined benefit plans

Notes to first-time
D.
adoption:

Leases and Security

a.
Deposits

Under Ind AS 116, all

lease contracts, with

438
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

limited exceptions for

short-term and low
value assets, are
recognised in the
financial statements by
way of right of use
assets and
corresponding lease
liabilities. The
Company has adopted
the Modified
retrospective approach
as per Ind AS 116 to
account for Leases as
at the date of transition.
Accordingly, the
Company has
recognised Lease
Liability and Right of
Use Assets and the
difference in carrying
amount of Right of Use
Assets and Lease
Liabilities as at the date
of transition to Ind AS
has been recognised in
Retained Earnings
along with the
adjustments for balance
for lease equilization
reserve and expenses
related to leases
recorded under rates
and taxes. The
principal portion and
interest of the lease
payments have been
disclosed under cash
flow from financing
activities. On
application of Ind AS
116, the nature of
expenses has changed
from lease rent in
previous GAAP to
depreciation cost for
the right-of-use asset,
and finance cost for
interest accrued on
lease liability.

Under the previous

GAAP, interest free
security deposits (that
are refundable in cash
on completion of the
contract) are recorded
at their transaction
value. Under Ind AS
109, all financial asset
are required to be
recognised at fair
value. Accordingly, the
Company has fair
valued these security
deposits under Ind AS.
Difference between the
fair value and
transaction value of the
security deposit has
been capitalised to the

439
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

ROU assets and

respective expense will
be amortized over the
period on straight-line
basis. Interest income
will be recognized on
the present value of the
asset based on EIR
method.

The related impact on

Other equity, Balance

440
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

sheet and Statement of

profit and loss is given
below:

As at For the year ended As at

1 April 2022 31 March 2023 31 March 2023

Impact of Ind AS
adjustment

Impact of Ind AS 116 -

-5.49 72.73 67.24
Leases

Balance Sheet

Other equity -5.49 72.73 67.24

Right-of- use asset 911.87 1,304.81 2,216.68

Lease liabilities-
-220.36 -116.37 -336.73
Current

Lease liabilities- Non

-694.00 -1,210.56 -1,904.56
Current

Other non-current
11.01 9.58 20.58
liabilities

Other financial assets -

-3.02 -60.19 -63.21
Security Deposits

Statement of Profit and

Loss

Other income 6.75

Depreciation and
-386.07
amortisation expense

Finance Cost -150.45

Other Expenses 457.05

441
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Remeasurements of
b. post-employment
benefit obligations

Under Ind AS 19,

remeasurements i.e.
actuarial gains and
losses and the return on
plan assets, excluding
amounts included in
the net interest expense
on the net defined
benefit liability are
recognised in other
comprehensive income
instead of profit or
loss. Under the
previous GAAP, these
remeasurements were
forming part of the
profit or loss for the
year. Other
comprehensive income
recognised during the
year ended March 31,
2023 of Rs. 76.98.

As at For the year ended As at

1 April 2022 31 March 2023 31 March 2023

Impact of Ind AS
- -
adjustment 57.02

Statement of Profit and

Loss

Employee benefit -
(76.98) -
expenses

Other comprehensive
income

A. Items that will not

be reclassified to profit
or loss

Re-measurement gains
-
(losses) on defined 76.98 -
benefit plans

442
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Revenue from
c.
operations

Under the previous

GAAP, revenue is
recognised in entirely
when care package is
purchased by ultimate
customer through
distributors at point in
time. Under the Ind AS
115, extended warranty
(service type
warranty), a portion of
transaction price is
allocated to service
type warranty and
recognised as a
contract liability.
Revenue from
extended warranty
should be booked over
the period of time in
which service is
provided based on time
elapsed rather than at a
point in time and
recognises the costs
associated with
providing the
service-type warranty
as they are incurred.

Under previous GAAP,

revenue from sale to
distributors is
recognized by the
amount of
consideration received
from distributors for all
the products sold less
trade discount. Along
with this, certain
schemes based volume
discount/ Promo
codes/festive offers
were provided to the
distributors and the
same was disclosed as
“Distributor & dealer
Incentive” expense and
“After Sales Scheme
Incentives” expense .
Under the Ind AS, such
Discounts offered to
distributors are in the
nature of variable
consideration and
hence, should be netted
off from transaction
price. The related
impact on Other equity,
Balance sheet and
Statement of profit and
loss is given below:

443
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

As at For the year ended As at

1 April 2022 31 March 2023 31 March 2023

Impact of Ind AS
13.84 20.66 34.50
adjustment

Balance Sheet

Other equity 13.84 20.66 34.50

Other current liabilities

-13.84 -20.66 -34.50
- Contract Liabilities

Statement of Profit and

Loss

Revenue from -
-20.66 -
operations

As at For the year ended As at

1 April 2022 31 March 2023 31 March 2023

Impact of Ind AS -
- -
adjustment

Statement of Profit and

Loss

Revenue from -
-963.82 -
operations

-
Other Expenses 963.82 -

444
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

d. Deferred Tax

Under the previous

GAAP, Deferred tax is
recognized based on
the timing differences
between taxable
income and accounting
income. Deferred tax
assets are recognised
only to the extent there
is reasonable certainty
that the assets can be
realised in the future.
Under Ind AS 12,
deferred tax is
calculated using
Balance Sheet
Approach that
identifies differences
between the carrying
value of all balances in
the balance sheet and
their underlying tax
base. deferred tax asset
arising from unused tax
losses or tax credits are
recognized only to the
extent that it has
sufficient taxable
temporary differences
or there is other
convincing evidence
that sufficient taxable
profit will be available.
Deferred tax in relation
to Ind AS adjustments
recognized in Other
equity / Statement of
profit and loss / Other
comprehensive income
to be recognized in
Other equity /
Statement of profit and
loss / Other
comprehensive income
respectively.

Under Ind AS 19,

remeasurements i.e.
actuarial gains and
losses and the return on
plan assets, excluding
amounts included in
the net interest expense
on the net defined
benefit liability are
recognised in other
comprehensive income
instead of profit or loss
along with the related
taxes. Under the
previous GAAP, these
remeasurements were
forming part of the
profit or loss for the
year.

The related impact on

445
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Other equity, Balance

sheet, Statement of
profit and loss and

446
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Other comprehensive
income is given below:

As at For the year ended As at

1 April 2022 31 March 2023 31 March 2023

Impact of Ind AS
(2.10) (23.25) (25.35)
adjustment

Balance Sheet

Other equity (2.10) (23.25) (25.35)

Deferred Tax Asset 2.10 23.25 25.35

Statement of Profit and

Loss

Tax Expense

Deferred Tax (42.61)

Statement of Other
Comprehensive
Income

Income tax effect of

19.36
defined benefit plans

Reclassifications due to
e.
Ind AS

a. Under Ind AS, to

account for provision
for expected return the
Company:-
- Derecognized
revenue in respect of
products expected to be

447
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

returned;
- Recognized Refund
Liability in respect of
such sale return;
- Recorded an asset
(and corresponding
adjustment to cost of
sales) for its right to
recover products from
customers on settling
the refund liability.
Also, value of goods
expected to be returned
will now not be
adjusted with Inventory
but will be shown
under “other assets” as
“Right to return asset”.
Necessary adjustments
are made as below to
give the required
impact.
b. Under the previous
GAAP, bank charges
are clubbed in
Miscellaneous
expenses under other
expenses whereas as
per Ind AS it is
classified under
Finance costs.
c. Under the previous
GAAP, Loans to
employees were
classified under
Loan-term loans and
advances whereas as
per Ind AS it is
classified under Other
financial asset.

As at For the year ended As at

1 April 2022 31 March 2023 31 March 2023

Impact of Ind AS -
- -
adjustment

Balance Sheet

Other financial assets -

22.54 - 17.24
non-current

Other non-current
-22.54 - -17.24
assets - non-current

448
CASIO INDIA CO. PRIVATE LIMITED Standalone Financial Statements for period 01/04/2023 to 31/03/2024

Other financial assets - 53.12 19.64

current -

Other non-current
-53.12 - 453.20
assets - current

-
Inventories - -472.84

-
Trade payables - -790.68

-
Other current liabilities - 790.68

Statement of Profit and

Loss

-
Finance Cost -13.58 -

-
Other Expense 13.58 -

449

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