GSK_ Annual_Report_2021-22

131 Notes to the Standalone Financial Statements for the year ended March 31, 2022 (i) Amounts recognised in the Statement of Profit and Loss for investment property ( ` in lakhs) Year Ended March 31, 2022 Year ended March 31, 2021 Depreciation (14.38) (14.38) (ii) Estimation of fair value The Company has two properties (March 31, 2021: two properties) that have been considered as Investment Properties. These comprise of two vacant land sites (March 31, 2021: two vacant land sites) that are not in operational use at present. In the view of the management, the fair market value of the land sites is not reliably measurable as there are very few recent transactions of comparable composition of these properties in the market. Further, the fair market value will be subject to numerous municipal deductions dependent upon the current use and intended use of the property. Based on the above, it is not possible to ascertain and disclose the range of fair market value. The estimated Ready Reckoner value at year end, based on latest published data and on current stated use, totals ` 225,95.73 lakhs (March 31, 2021: ` 225,95.73 lakhs). Ready Reckoner rates are the prices of residential property, land or commercial property for a given area that is published and regulated by the respective State Governments as a guide towards payment of stamp duty at the time of transaction. The Ready Reckoner Value is regarded as a gross value and does not represent the underlying fair market value of the properties. The company will further detail the fair value of its investment properties upon entering a committed agreement with a third party, unless an alternative reliable estimate of the fair value is attainable. Note 5 : Intangible assets ( ` in lakhs) Gross Carrying Value Accumulated Amortisation Net Carrying Value As at April 1, 2021 Additions Disposals As at March 31, 2022 As at April 1, 2021 Charge for the Year As at March 31, 2022 As at March 31, 2022 Intangible Assets Computer Software 73,44.29 60.30 - 74,04.59 30,07.89 9,46.96 39,54.85 34,49.74 Trademarks - 4.00 (4.00) - - - - - Total 73,44.29 64.30 (4.00) 74,04.59 30,07.89 9,46.96 39,54.85 34,49.74 ( ` in lakhs) Gross Carrying Value Accumulated Amortisation Net Carrying Value As at April 1, 2020 Additions Assets held for Sale (Refer Note 3(b) above) As at March 31, 2021 As at April 1, 2020 Charge for the Year On Assets held for Sale (Refer Note 3(b) above) As at March 31, 2021 As at March 31, 2021 Intangible Assets Computer Software 94,46.48 2,77.24 23,79.43 73,44.29 44,83.97 9,03.35 23,79.43 30,07.89 43,36.40 Total 94,46.48 2,77.24 23,79.43 73,44.29 44,83.97 9,03.35 23,79.43 30,07.89 43,36.40 Note 6 : Investments ( ` in lakhs) As at March 31, 2022 As at March 31, 2021 Unquoted Equity Instruments In Subsidiary Biddle Sawyer Limited 47,61.31 47,61.31 9,60,000 Equity Shares of ` 10 each fully paid Less: Provision for Impairment (23,12.00) (23,12.00) 24,49.31 24,49.31