GUJARAT Cj FLUOROCHEMICALS LIMITED FoesB ao a ormiommnn i ee GFL: BRD: 2016 15! November, 2016 The Secretary BSE Limited Phiroze Jeejeebhoy Towers Limited Dalal Street, Mumbai 400 001 Serip code: 500173 Sub: Submission of Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended go" September, 2016 along with Limited Review Reportin terms of Regulation 33 read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Tn terms of Regulation 33 read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing Unaudited Standalone and Consolidated Financial Results of the Company along with Limited Review Report issued by the Statutory Auditors of the Company for the quarter and half year ended go" September, 2016, which have been approved by the Board of Directors of the Company at their meeting held today ic. 15% November, 2016. Please note that we will publish the Unaudited Financial Results of the Company in the newspapers in terms of Regulation 47 () (b) in the format preseribed by SEBI vide its Circular No. CIR/CFD/CMD/15/2016 dated goth November, 2015 as modified by SBBI vide its Gireuilar No. CIR/ CFD/ FAC/ 62/2016 dated os! July, 2036 Kindly acknowledge the receipt ‘Thanking You Yours faithfully, For Gujarat Fluorochemicals Limited Arve Bhavin Desai Company Secretary Enel as above aghambo, Dist. Panchmahals, Gujarat. Telefax: +91 (2670) 248153 Reyd. Office: Survey No. 16(3,26,27, Ranjitaagar - 289 380, Taluka Ghogh Ps Dh Oise: lox Tower 17 Sostr 16h, oid 201301 IP Tel: 81 (20) 6t49600 Fox: +91 (120 5149610 ‘Mumba Office : 68, Jolly Makor Chambers U, Hariman Point Mumbai 400 021, Tel.: +91 (22) 22026310, Fax: +91 (22) 22025588 tfPATANKAR & ASSOCIATES Chartered Accountants Office No. 19 t0 23, ath floor, Gold Wings’, S.No, 118/A, Plot No.S43, Sinhgad Road, Parvati Nagar, Pune- 411030 Tolotax: 020 - 24282117 / 2420118 email sanjay@patenkarassociates.com Limited Review Report On Consolidated Quarterly Financial Results and Year to Date Results of the Company Pursuant to the Regulation 33 of the SEB! (Listing Obligations and Disclosure Requirements) Regulations, 2015 ‘To Board of Directors of Gujarat Fluorochemicals Limited 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Gujarat Fluorochemicals Limited (the "Company") and its subsidiaries, joint ventures and associates (collectively referred to as the “Group”) for the quarter and half-year ended 30” September, 2016 (the “Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEB! (Listing Obligations and Disclosure Requirements) Regulations, 2015. Attention is drawn to the fact that the figures for the corresponding quarter and half-year ended 30th September, 2015, including the reconciliation of profit under Ind AS of the corresponding quarter and half-year with profit reported under previous GAAP, as reported in these financial results have been approved by the Company's Board of Directors but have not been subjected to review. 2. This Statement is the responsibility of the Company's management and has been approved by the Board of Directors of the Company. Our responsiblity is to issue a report on this Statement based on our review. 3. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410,"Review of interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India, This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatements, A review Is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly we do not express an audit opinion. 4, We did not review the interim financial results of two subsidiaries which reflects the Group's share of total assets of Rs, 175255 lakh as at 30th September, 2016 and total revenue of Rs. 14043 lakh and Rs. 6147 lakh for quarter and half year ended 30th September, 2016, respectively and net profit after tax of Rs. 2060 lakh and Rs, 250 lakh for the quarter and half year ended 30th September, 2016, respectively. These financial results have been reviewed by other auditor whose reports have been furnished to us and our assurance is based solely on the reports of the other auditor. Our review report is not qualified in respect of this matter. 5. We also did not review the financial results of two joint ventures and one associate of the ‘Company's subsidiary which reflects the Group’s share of net loss after tax of Rs. 182 lakh and Rs 189 lakh for the quarter and helf-year ended 30th September, 2016, respectively. These financial results are unaudited and have been certified by management. Our assurance, Insofar as it relates to the amounts included in respect of these joint ventures andl an associate is based solely on NN S/is, Gols Wing EN) AEE(.earvatisingan, || Shag rod, Seed eco any6. Based on our review conducted as above and other consideration of review report of other auditor (as mentioned in paragraph 4) and management certified financial results {as mentioned in Baragraph 5), nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with Accounting Standards Le. Ind AS as per Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014, and other recognised accounting practices and policies has not disclosed the information required to be {disclosed in terms of Regulation 33 of the Securities and Exchange Board of IndialListing Obligation “and Disclosure Requirements) Regulation, 2015 includi 1g the manner in which it is to be disclosed, or that it contains any material misstatement, For Patankar & Associates Chartered Accountants Flem Registration Wo, 207626 MAAN (MY Kulkorn) yo NEN Partner (&(Rewnne 2) em. No, 038524 (Eee Pune @ Date: 15" November, 2016. \2) PbCIN: L24110G.11987 PLC009362, Webs ‘ll GUJARAT FLUOROCHEMICALS LIMITED ! wwwgi.co.in,, email: contact@gf.co.in Registered Office: 16/3, 26 & 27, Village Ranjjinagar, Taluka Ghoghamiba, District Panchmahals, Gujarat 389 380 STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30! SEPTEMBER, 2016 (Bs. in Lakh) Sr Smonths | Preceding Corresponding & months [Corresponding] No pauetiae ended | 3months | 3months | ended | 6monihs . 30/09/2016 | ended ended | 30/09/2016 | _ ended 30/06/2016 | 30/09/2015 30/09/2015 1 [Income from operations a) Sales 7 income from | ~ operations finclusive of 182360 110267 175608 | 262627] atigi2 excise duly) bb] Other Operating Income 2151 1796 1417 3947 3989 nae 154511 112063 177025} 266574] 315901 2 [Expenses ee ne eee 57937 40994 82436 savat| 133666 B),_Purchares oF stock 48 a = A 105 c) Excise Duly 2537 2726 275 5263 5327 | d) Changes in inventories of finished Jods, wortcin-progtess ond ‘stock (9) (3084) (1541) (9523) tg in-trade |. 2) Employee _benefils panei 8782 £328 6565 wo 13187 #] Power and fuel 10063 145. 10191 21478 20119 a) §PC, O & M and 7 Common "infrastructure 9822 3853 8056 13675 15695 faciily expenses hi) Flim Exhibition Cost 8672 9538 8661 18210 17182 7) Foreign Exchange | Puctuaton Gini Lee ney Units £959) a tem?) ne i) Depreciation and eau instore 8820 8608 8108 17436 18750 [k) Other expenses 29528 27 2538) 54307 I) Total Expenses [a to Kk) 136229 107060 wsi43 | __ 243289 [270119 Less Expenditure capiatzedisee note no.) - tare a Linkaad A Net Expenses 136229 97592 isiias[ 23381 | 270119 Profit from operations before 3 | other income, finance costs 18282 14471 25082 32783 45782 4& exceptional items (1-2) 4 | Other income 1860 2661 2703 4521 5315 Prolit from ordinary activities § | before finance cosis and 20142 17132 28585 37274 51097 exceptional tems (3+4) _ 7 6 [Finance costs 6038 6827 S728 12865 10965, yyProfit from ordinary activities ater Finance Costs but before exceptional items (5-6) 14104 10305 22857 24409 40132 ‘Exceptional ems [see note no. 4) 702 : - 702 Profit from ordinary activities before tax (7+8) 14806 10305 22857 25111 40132 10 Tox Expense ) Current Tox 3442. 3123 6686 6565 11707 b) MAT Credit Entitlement (1396) (179) fa) (1575) (1143) ¢} Deferred Tax 1676 760 1458 2436 2041 Total Tax Expense (ato ¢) 3722 3704 7226 7426 12605 Net Profit for the period (9- 10) 11084 6601 15631 17685 27827 Share of _profit/(Loss) of associate and Joint Venture ‘ (189) (m1) (183) (261) Share of Minority in {protitjfloss (2124) (1659) (4484) (3783) (7362) Net Profit after taxes, minority interest and share of profit /(Loss) of associate and Joint =—Venture (11+12#13) 3966 4783 11036 13719 19304 ‘Other ‘Comprehensive Income/(expense) (after tox) 126 (34) (292) 92 37 16 Total ‘Comprehensive Income for the period comprising Net Profit for the period & ‘Other Comprehensive Income (14415) 9092 ang 10744 13811 19341 7 Earnings Before Interest, Tax, Depreciation & Amortization (EBITDA) 27ii2 23077 33990 50189 61532 Paid-up Equily Share Capital [Face valve of Re | each), 1099 1099 1099, 1099 1099 1? Basic and Diluted Earnings per share (Rs) (ace valve of Re 1 each) - not annualized 8.28 4.30 9.78 12.67 1761 che‘STATEMENT OF ASSETS AND LIABILITIES (Rs in Lakh) Parlicutors Consolidated As at : 30/09/2016 ASSETS (1) | Non-current assets (a) Property, Plant & Equipment 444980 (b) Capitat work-in-progress 43267 (c) investment Property 1018 (2) Goodwill 1618, (2) Other Intangible Assets 9861 ((] Financial Assets {i Invesiments 29460 {Gj Others Financial Assets 21590 {g) Deferred Tax Assets {net} 7434 {h) Other non-current assets 44820 Sub-total 04048 (2) | Cunent Assets {a} inventories 106013 | {b) Financial Assets 7 (Investments 24537 {i Trade Receivables 281648 (il) Cash & Cash Equivalents : Ht 15489 {iv} Bonk balances other than (ii) above: 31503 {y} Loans aus. (vi) Other Financial assets 16906 | {c) Other current assets 9216 Sub-total 488427 Total Assets 1092475 | EQUITY & LIABILITIES Equity {a) Equity share Capital 1099 {b) Other Equit 461934 (c) Non-Controliing Interest 100031 Sub-total 563064 LIABILITIES (1) | Non-curent fabitties (a) Financial Liabitties Eee {i) Borrowings 99428 {i) Other financial abilities {other than those specified in item (c] below) 957. [b) Provisions ___ 3077 {c] Deferted tax lablities (Net) 17487 op{a} Other non-current fabities 16891 Sub-total 137810 (2) | Curent iabitties {a) Financial Liabilities {i Borrowings 213065 {i Trade payables 103459 {il} Other financial liabilities 45307 {b) Other current liabilties 22552 (c) Provisions 2509 (a) Curent tax tabitties (net) J 4707 Sub-total 391607 Total Equity & Liabilities 1092475 TyCONSOLIDATED UNAUDITED SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER AND HALF YEAR ENDED 30" SEPTEMBER, 2016 (Rs. in Lakh) o Smonihs | Preceding Eoresponding) émonths Corresponding No. eee ended | 3months | 3months | ended | &months be 30/09/2016 | ended ended | 30/09/2016 | _ ended 30/06/2016 | 30/09/2015 30/09/2015 1_| Segment Revenue 7 a) | Chemicals 37619 39491 35224 7710 75859 b}_| Wind Energy Business 79890, 43362 yos3i4| 128252] 169179 c}_| Power 7779. 6091 6153 13870 10682 ) | Theatrical Exhibition 29738. 33684 30773 63422 61022 Total Segment Revenue _ 185026 122628 177464 277654 316742 Less : inter Segment Revenue a}_| Wind Eneray Business 515 10565: 439 11080 841 Total Extemal Revenue 154511 | __112063 y7025 | _266574| 315901 2_ | Segment Result a) | Chemicals 4121 A276 4860 8397 10050 b) | Wind Energy Business 9096 __2210 13876 11306, 22246 o} | Power 5342 3641 3949 8983, 6423 @)_| Theatrical Exhibition 617 4198 3703 4815 “8199 _ | Total Segment Result 19178 14325 26386 33501 48918 | ‘Add/{Less}: Un-aliocable Income /{Expenses) (Net) 1668 2807 2196 4475, 4179. Less: Finance cost 4038 | 6827, S727 12865 10965 Total Profit Before Tax 14808 10305 22857 25111 40132 3 | Segment Capital Employed | Segment Assets Chemicals 285615 | 287450 2erze3 | 285615| 282383 Wind Energy Business 415655 | 407931 297236 | 415655 | _297236 | Power 173509 | _ 171568 ysari2|__173s09 | _isz7i2 Theatrical Exhibition 102124 97831 90602 102124 90602 ‘Others, Un-ailocabie and Corporate 115572 | __128205 126425 | ___115572| 126425, Total Segment Assets 92475 | 1092985 aga5e | 1092475| 949358 | Segment Liabilities a) | Chemicals 25467 26190 21677 25467 21677 b) | Wind Eneray Business ize10| 100835 | ___94970| _riasi0| _94970 <} | Power 1579 1837 1420 1579 1420 ) | Theatiical Exhibition 29474. 30095, 26099 29474 26099 @) | Othe. Un-cllocable and Comporate 359081 | _382528 290373 | ___359081 | __290373 Total Segment Ltabitities 529411 541485 436539 529411 436539| Segment Capital Employed @) | Chemicals 260149 261260 260706 | 2eor49 | __240708 ®) | Wind Energy Business soiesa| 307096 200266 | sores4| 200266 ©) | Power ae iigzo| _169731| 181292 171930 | _151292 4) | Theatrical Exhibition 72650 67736 64503 72650 64503, @) | ines, Un-alocable and Corporate (2asso9) | (254323) | (163948) | __ (243509) | _ (163948) Total Capital Employed 563064 51500 | + 512819 563064 512819 Nok 1, The Company has opted to publish Extracts of the Unaudited Consofidated Financial Results, pursuant to option made avallable as per Regulation 33 of the SEBI listing Obligations and Disclosure Requtements) Regulations. 2015. The Slandalone Francia Results are avalable a the ‘Company's website www.allco.in and the websites of the Stock Exchanges, at www.bseindia.co: ‘and waw,nseindia.com. Key Standalone Financial information is given below: ce i (Rs in Lakh) SNe Fariculars Smonihs | Preceding | Corespon | émonths | Comespond ended | 3months | ding | ended lng 30/09/2018 | ended | Smonths | 30/09/2016 | 6 months 30/06/2016 | ended ended 30/09/2015 30/09/2015 [__1 [Total income from operations 36094 oo [ 35465 [76124 73289 2 | Profit fom ordinary ccivilies offer finance costs but before 4543 4893 4088 9976 8170 exceptional items 3 [Profit ftom ocinary actviies pon 5071 4833 4058 9904 8170 4 _[ Nel profit for the period offer fax 3e 3316 286° ear a2 | Tolal comprehensive income for the period (Comping Net Proft ond "Sher “comprenersve | 478) ast} a0] aan] seon Income for the period) 6 |[Eanings Before inierest, Tax E Depreciation & Amortization 7489 7949 7ei2] 15418, 15443 (EBiT0A) 2. The above results wete reviewed by the Audit Committee and were thereatter approved by the Board of Directors at their meeting held on 15th November, 2016. The Statutory Auditors of the Company have cartied out Limited Review of the above results for the current quarter. The ind AS results of the quarter ended 30 September, 2015 have not been subjected to limited review or aucit and have been presented based on the information compiled by the management after making necessary adjustments fo give a true and! fair view of the results in accordance with Ind AS. 3. The Company adopted Indian Accounting Standards (‘ind AS'} from Ist April 2016 and accordingly these financial resuils have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS 34 ~ ‘Interim Financial Reporting’ prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in india. Financial results for all the periods presented have been prepared in accordance with the recognition and measurement principles of Ind AS 34 4, Exceptional items during the quarter/hallf year ended 30th September 2016 is on account of gain on sale of Company's entire stake in Joint Venture Company, Xuancheng Hengyuan Chemical Technology Company Ltd. apy5. As per ind AS 108- ‘Operating Segments’ the Group has following business segments: 2) Chemicals - Comprising of Refrigerant gases, Anhycrous Hydrochloric acid, Caustic, Chlorine, Chloromethane, PTFE and Speciality Chemicals. b) Wind Energy Business ~ Comprising of manufacture and supply of Wind Turbine Generators (WIGs), providing related Erection, Procurement & Commissioning. Common Infrastructure Faciiies and Operation & Maintenance (O&M) services. <) Power Comprising of Power Generation @) Theatrical Exhibition - Comprising of operating and managing muttipiex cinema theatres. The amount of expenditure capitalized in the Consolidated Financial Resulis represents cost of WTGs manufactured and services for their erection and commissioning provided by Wind Energy Business segment and capitalized as fixed assets in Power segment. 6. The reconciliation between Financial Results as reported under previously Generally Accepted Accounting Principles (GAAP) and ind AS are summarised as follows (Rs. in Lakh) Quarter | Half Year Particulars ended ended 30/09/2015 | 30/09/2015 Net Profit under previous GAAP. 10432 17814 ‘Addi{less) Impact of discounting of security deposits ~_ Rent expense (62) (703) = Otherincome 20 20 Recogniion of Enferiainment fax exemption on | government grants - Exempiion amount for the period credied fo deferred income (205) (398) -__Deterred income recognized during the period 203 398 Fair value changes of Investments which under the. 25 484 previous GAAP were accounted at Cos! Effect of measuring Financial Instruments al fair valve 508 1132 Provision for expected credit loss (174) (162) Actuarial gain/{loss) on employee defined benefit pian 7 i. recognized in other comprehensive income a On account of straight lining of O&M revenue 420 837, Other acjusiments (net) 1B 17 Taximpact on above items Bis) (833) Net Profit under Ind AS. 11021 19289 Other Comprehensive Income (net of fax) (27) 52 Total Comprehensive Income under Ind AS as reported 10744 19341 On behalf of the Board of Directors For Gujarat mont Urbited | Veit Vek JAIN Noida Managing Direct 15th November, 2016PATANKAR | Size So. 91022: ath oor ota winas S.No. 118/A, Plot No.543, Sinhgad Road, & ASSOCIATES | Parvati tlagar, Pune- 411030 Telefax: 020 - 24252117 / 24252118 Chartered Accountants email : sanjay@patankatessociates.com Limited Review Report On Standalone Quarterly Financial Results and Year to Date Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 To Board of Directors of Gujarat Fluorachemicals Limited We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of Gujarat Fluorochemicals Limited (the "Company for the quarter and half-year ended 30” September, 2016 (the “Statement’), attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Attention is drawn to the fact that the figures for the corresponding quarter and half-year ended 30" September, 2015, including the reconciliation of profit under Ind AS of the corresponding quarter and half-year with profit reported under previous GAAP, as reported in these financial results have been approved by the Company's Board of Directors but have not been subjected to review. This Statement is the responsibility of the Company's management and has been approved by the Board of Directors of the Company. Qur responsibilty isto issue @ report on these financial statement based on our review. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2440, "Review of interim Financial information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of india. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatements. A review is limited primarily to inquiries of the Company personnel and analytical Procedures applied to financial data and thus provides less assurance than an audit, We have not performed an audit and, accordingly, we do not express an audit opinion, Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with Accounting Standards ie. Ind AS as pper Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014, and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the Securities and Exchange Board of India {Listing Obligation and Disclosure Requirements} Regulation, 2015 including the manner in which itis to be disclosed, or that it contains any material misstatement. For Patankar & Associates - Chartered Accountants Firm Registration No. 107628W lwo A feos MY Kulkarni | [a.saamios a Partner ‘Mem. No. 035524 Pune Date: 15" November, 2016. nhyGUJARAT FLUOROCHEMICALS LIMITED CIN : 241 10611987 PLC009342, Website: www.gficoin , email: contacl@gll.coin Registered Office: 16/3, 26 & 27, Vilage Raniinagar, Taluka Goghama, Distict Panchmahals, Gujarat 389 360 STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30" SEPTEMBER, 2016 7 (Rs.in Lakh ca Preceding | Covespon | Smonlhs | Corresponal No, Smonths | ronine | _ ding ended 5g Porticulars ended =| Smanii® | smonths | 30/09/2016 | months 30/09/2018 | soroaiaorg | _ ended ended 30/09/2015 30/09/2015 1” [income from operations ‘) Solas/income from operations chao ofarche cunt 35079 | 39960} 35342] 75909 72215 bj Other operating income: i 70 123) 185; iors Tolal Income from operalions ‘Bera | 40030 | asaes | _7o124 73289 2 [expenses 9) Cos! of materials consumed 9303 3390 9755. 18713, 18808 |"b) Purchases of stock-in-frade 451 258 a7 709, 105 ¢) cise Duly 2537 2726 2775 5268 5327 4) Changes ininvontovies of firished goods, work-in-progress and stock in-frade ns76) 946 (1075) (630) ve27 @] Employee benefis expense 3185 3020 2524 6205 ul 1} Power and fuel 7787 {$800 7808. 16567 15493, @ Feeign exchange RacTation {Ganos 16 (138) (227) (22) (534) h] Deprecialion and amorization expense 3736 3684 3625 7420 7081 1) Other expenses 6822 7079 6258, 13901 11929 Tolal expenses (a0 i 32361 35765 31478 68126 64907 Proll tom operations before other income, $ | finance costs & exceplional items (1-2) - a fare fie fa 4_| Other income 152 1375 ne 2897 265 Profit rom ordinary aciiviies befere finance: 5 | costs and exceptional items (3+4) ae oe fae teiad ee & | Finonee costs 72 207 1097, 1519) 2377 Profit from ordinary activities afer finance 7 | costs but bofore exceptional items (6-6) bata a 4088 9376 me 8_| Exceptional fers (see note no. 3) 5B = 5 528 zi 9 | Profit from ordinary activities betoro tax (7+6) 5071 4833 4058 9904 8170 10 [Toxerense ‘o] Current tox i164 i) a 2327 1705 'b] MAT credit eniillement - - 1479) - (597) c) Deferred tox 376 354 976 730 1602 Total Tox Expense (616.6) 1540 1517 1389 3057 2718 11_| Net proft forthe period (9-10) 3531 3316 2669 6847 452 12 | Other Comprehensive Income [after fax) (53) 35 159) (18) 182, Total comprehensive income for the peitod 13 | (11412) (Comprising Net Profit and Other 3478 3351 2610 4829 5604 Comprehensive Income for the period) Earnings Before Interest, Tax. Depreciation & 14 | moeatton (eBMtDA) 789 7909 mera] 1818 15443 Paid-up eauily share capital 5 | (face vale of Re | each) ide ia terre baie badd ‘asic and Diluted Earnings per share (Rs) 16 | (Face value of Re 1 each) —not annualized ot an ae, ioeed aad \ } (2) VySTATEMENT OF ASSETS AND LIABILITIES (Rs.in Lakh) Standalone As at Sr.No Particulars 30th September, 2016 “ASSETS (1) | Non-cunent assets {a} Property. Plant & Equipment 186502 {b) Capital workin-progress 8643 {c) investment Property 1085 {d} Other intangible Asseis 4599 {e) Financial Assets. (i) Investments ‘SI724 (i) Loans: 14249 {il) Other Non-Current Financial Asseis 1300 (f Other non-current assets 15137, Sub-total 285239 (2) | Current Assets i z (a) Inventories e 32434 (5) Financial Assets {i) investments 15797, (il Trade Receivables, 35483 (il) Cash & Cash Equivalents 1087 (iv) Bank balances other than (ii) above 7 204 (v} Loans 22049 (vi) Other Current Financial Assels 3286 {c} Other current assets A 4792 | 115132 Total Assets ‘400371 EQUITY & LIABILITIES Equity | ta} Equity share Capital ___1099 | (bb) Other Equity 297108 | Sub-total 298207 ABILITIES (1) | Non-current fabilities (a) Financial Liabitties (Borrowings 19757 (i Trade payables 0 (iil Other Non-Current Financial Licbilfies 470 {5} Provisions 1399 {c} Deferred tax liabiliies (Net) 16978 Sub-total 40604 (2) | Curent iiabitties {a} Financial Liabilities (i) Borrowings ef 37673 li Trade payables 7354 (ii) Other Current Financial Liabilities (other than those specified in item (c) below) 13697 (5) Other current liablities 2027 (c} Provisions i 809 Sub-total 61560 Total Equily & Liabilities 400371Notes: |. The above results were reviewed by the Audit Committee and were thereafter approved by the Board of Directors at their meeting held on 15" November, 2016. The Statutory Auditors of the Company have carried out Limited Review of the above results for the current quarter. The Ind AS fesulls of the quarter and half year ended 30 September, 2015 have not been subjected to limited review ot audit’ and have been presented based on the information compiled by the management after making necessary adjustments to give a true and fair view of the results in accordance with Ind AS. 2. The Company adopted Indian Accounting Standards (‘ind AS") from Ist April, 2016 and accordingly these financial results have been prepared in accordance with the recognition and measurement principles laid down in the Incl AS 34 - ‘Interim Financial Reporting’ prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and the ether accounting principles generally accepted in India. Financial results for all the periods Presented have been prepared in accordance with the recognition and measurement principles of Ind AS 34, 3. Exceptional items during the quarter/half year ended 30th September 2016 is on account of gain on sale of Company's entire stake in Joint Venture Company Xuancheng Hengyyan Chemical Technology Company Ltd. 4. The reconciliation between Financial Results as reported under previously Generally Accepted Accounting Principles (GAAP) and Ind AS are summarised as follows: (Rs.in Lakh) Quarter Half Year Particulars ended ended 30/09/2015 | 30/09/2015 Net Profit under previous GAAP 2579 5287 ‘Add /[Less) Effect of changes in fair value of investments 215 382 Effect of measuring financial instruments at fair valve (116) (ii) Provision for expected credit losses 4 é Actuarial gain/{loss) on employee defined benefit plan recognised in EZ 1 other comprehensive income ai Tax impact on above items 03) st) | Net Profit under ind AS 2669 5452 | Other Comprehensive Income (net of tax) (53) 152 Total Comprehensive Income under Ind AS as reported 2610 5604 On behalf of the Board of Directors For Gujarat Fluoro¢hemicals Limited | ic ( \ Noida VIVEK JAIN 15" November, 2016 Managing Director jay