| What are the conclusions based on when determining material uncertainties in an audit? | based on the audit evidence obtained up to the date of our auditor’s report | If we conclude that a material uncertainty exists, we are required to 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. | 247 | definition | 1.000 | https://www.aai.aero/sites/default/files/AAI_Annual_Report_English_Final.pdf | Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. | 203 | page=203,block=7 | 0.850 | valid |
| What does the Airport Service Quality (ASQ) survey measure and who conducts it? | the world- renowned and internationally established global benchmarking programme measuring passengers’ satisfaction, whilst they travel through an airport, conducted by the Airports Council International (ACI) | Airport Service Quality (ASQ) survey is the world- renowned and internationally established global benchmarking programme measuring passengers’ satisfaction, whilst they travel through an airport, conducted by the Airports Council International (ACI). ACI, a global non-profit organization of Airport Operators, is an independent agency which carries out international bench marking of airport through its participative program known as Airport Service Quality (ASQ) Survey which covers 34 key service areas which includes 8 major categories such as access, check-in, security, airport facilities, food and beverage, retail and more. | 40 | definition | 1.000 | https://www.aai.aero/sites/default/files/AAI_Annual_Report_English_Final.pdf | Airport Service Quality (ASQ) survey is the world- renowned and internationally established global benchmarking programme measuring passengers’ satisfaction, whilst they travel through an airport, conducted by the Airports Council International (ACI). |
| What happened to the Utilisation Certificate that was supposed to be uploaded on PFMS? | not uploaded by the company on PFMS due to some technical issue and same is sent through mail for the record | Afterwards the interest accrued on the grant amount till 31/03/2021 is `32.62 lakhs out of which `28 lakhs has been refunded to the department on 07/07/2021. Utilisation Certificate was not uploaded by the company on PFMS due to some technical issue and same is sent through mail for the record. The Utilization certificate for the current year is yet to be uploaded by the company as the meeting of TIES is yet to be held. | 186 | definition | 1.000 | https://www.aai.aero/sites/default/files/AAI_Annual_Report_English_Final.pdf | Utilisation Certificate was not uploaded by the company on PFMS due to some technical issue and same is sent through mail for the record. | 213 | page=213,block=1 | 0.850 | valid |
| What happens when discounting is applied to provisions? | used, the increase in the provision due to the passage of time is recognised as a finance cost | If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost. Contingent Liability Contingent liability is meant for claims, litigation, assessment, fines, penalties, etc. | 199 | definition | 1.000 | https://www.aai.aero/sites/default/files/AAI_Annual_Report_English_Final.pdf | When discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost. | 172 | page=172,block=4 | 0.850 | valid |
| What is the educational qualification of Rubina Ali? | a Post Graduate in History | Ms. Rubina Ali is a Post Graduate in History. She cleared Civil Services Examination - 1991 batch Central Secretariat Services (CSS). | 18 | definition | 1.000 | https://www.aai.aero/sites/default/files/AAI_Annual_Report_English_Final.pdf | Rubina Ali is a Post Graduate in History. | 11 | page=11,block=1 | 0.850 | valid |
| What issue arose due to lockdowns affecting CSR projects at various locations? | an inadequacy of demands for the funds from the stakeholders | Moreover, the progress of CSR projects at various locations was either stopped or slowed down due to lockdowns imposed by the districts and states administrations. Hence there was an inadequacy of demands for the funds from the stakeholders. In view of the above, AAI could only spend `13.79 Crores from current year budget & `34.83 Crores from CSR unspent account during the year on CSR activities. | 180 | definition | 1.000 | https://www.aai.aero/sites/default/files/AAI_Annual_Report_English_Final.pdf | Hence there was an inadequacy of demands for the funds from the stakeholders. | 25 | page=25,block=4 | 0.850 | valid |
| How are deferred tax assets and liabilities measured? | at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised | The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available against which the temporary differences can be utilised. Deferred tax assets and liabilities 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 balance sheet date. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities. | 294 | definition | 1.000 | https://www.aai.aero/sites/default/files/AAI_Annual_Report_English_Final.pdf | Deferred tax assets and liabilities 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 balance sheet date. |
| How are financial assets and liabilities categorised when fair value is measured or disclosed? | within the fair value hierarchy | Normally at initial recognition, the transaction price is the best evidence of fair value. when the Company determines that transaction price does not represent the fair value, it uses inter-alia 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 financial assets and financial liabilities for which fair value is measured or disclosed in the financial statements are categorised within the fair value hierarchy. | 559 | definition | 1.000 | https://www.aai.aero/sites/default/files/AAI_Annual_Report_English_Final.pdf | All financial assets and financial liabilities for which fair value is measured or disclosed in the financial statements are categorised within the fair value hierarchy. | 167 | page=167,block=1 | 0.700 | valid |
| How are items of property, plant and equipment measured? | measured at cost, which includes capitalised borrowing costs, less accumulated depreciation and accumulated impairment losses | The equity component of a compound Notes to Financial Statement for the year ended 31 March 2021 financial instrument is not remeasured subsequently. Interest related to the financial liability is recognised in profit or loss (unless it qualifies for inclusion in the cost of an asset). In case of conversion at maturity, the financial liability is reclassified to equity and no gain or loss is recognised . h) Property, plant and equipment i. Recognition and measurement Items of property, plant and equipment are measured at cost, which includes capitalised borrowing costs, less accumulated depreciation and accumulated impairment losses, if any. | 515 | definition | 1.000 | https://www.aai.aero/sites/default/files/AAI_Annual_Report_English_Final.pdf | Recognition and measurement Items of property, plant and equipment are measured at cost, which includes capitalised borrowing costs, less accumulated depreciation and accumulated impairment losses, if any. | 230 | page=230,block=1 | 0.700 |
| How is the COVID-19 pandemic characterized in terms of its uniqueness? | This “once in a century” crisis due to COVID-19 pandemic | IMPORTANT CHANGES IN POLICY AND MAJOR EVENTS, WHICH INFLUENCED OR AFFECTED THE PROFITABILITY OF THE AUTHORITY DURING THE YEAR This Section also provides a brief on 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 30.11.2022. (A) Covid-19 Pandemic - The COVID-19 virus spread worldwide without acknowledging borders. It impacted all industries, all sectors and all aspects of our lives with devastating economic and financial losses and significant uncertainties. The following image shows the impact of Covid 19 on the aviation industry worldwide: This “once in a century” crisis due to COVID-19 pandemic also impacted the Indian Aviation Industry which is one of the hardest hit, revival from which is likely to be expected by 2024 only. | 707 | definition | 1.000 | https://www.aai.aero/sites/default/files/AAI_Annual_Report_English_Final.pdf | The following image shows the impact of Covid 19 on the aviation industry worldwide: This “once in a century” crisis due to COVID-19 pandemic also impacted the Indian Aviation Industry which is one of the hardest hit, revival from which is likely to be expected by 2024 only. |