GSK_ Annual_Report_2021-22

Notes to the Consolidated Financial Statements for the year ended March 31, 2022 221 Note 4 : Investment Property ( ` in lakhs ) As at March 31, 2022 As at March 31, 2021 Gross carrying amount Opening gross carrying amount 2,26.41 2,26.41 Additions - - Closing gross carrying amount 2,26.41 2,26.41 Accumulated Depreciation Opening Accumulated Depreciation 91.46 77.08 Depreciation 14.38 14.38 Closing Accumulated Depreciation 1,05.84 91.46 Net carrying amount 1,20.57 1,34.95 (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 Group has three properties (March 31, 2021: three properties) that have been considered as Investment Properties. These comprise of three vacant land sites (March 31, 2021: three 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 ` 250,70.88 lakhs (March 31, 2021: ` 250,70.88 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 Group 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 On Disposals 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