Investor Presentaiton
MRP
assumptions. All assumptions are reviewed at each reporting
date.
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. Judgments 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. (Refer Note 1 (D 20))
Income Taxes
Significant judgments are involved in determining the
provision for income taxes, including amount expected to
be paid/recovered for uncertain tax positions. (Refer Note 1
(D 17))
In assessing the realizability of deferred income tax assets,
management considers whether some portion or all of the
deferred income tax assets will not be realized. The ultimate
realization of deferred income tax assets is dependent upon
the generation of future taxable income during the periods
in which the temporary differences become deductible.
Management considers the scheduled reversals of deferred
income tax liabilities, projected future taxable income and tax
planning strategies in making this assessment. Based on the
level of historical taxable income and projections for future
taxable income over the periods in which the deferred income
tax assets are deductible, management believes that the
group will realize the benefits of those deductible differences.
The amount of the deferred income tax assets considered
realizable, however, could be reduced in the near term if
estimates of future taxable income during the carry forward
period are reduced.
D)
Leases
Ind AS 116 requires lessees to determine the lease term as the
non-cancellable period of a lease adjusted with any option
to extend or terminate the lease, if the use of such option is
reasonably certain. The Group makes an assessment on the
expected lease term on a lease-by-lease basis and thereby
assesses whether it is reasonably certain that any options
to extend or terminate the contract will be exercised. In
evaluating the lease term, the Group considers factors such as
any significant leasehold improvements undertaken over the
lease term, costs relating to the termination of the lease and
the importance of the underlying asset to Group's operations
taking into account the location of the underlying asset and
the availability of suitable alternatives. The lease term in future
periods is reassessed to ensure that the lease term reflects the
current economic circumstances. (Refer Note 1 (D 6))
Allowance for credit losses on receivables:
The Group determines the allowance for credit losses based
on historical loss experience adjusted to reflect current and
estimated future economic conditions. The Group considered
current and anticipated future economic conditions relating
to industries the Group deals with and the countries where
it operates. In calculating expected credit loss, the Group
has also considered credit reports and other related credit
information for its customers to estimate the probability of
default in future.
Summary of Significant Accounting Policies:
1)
Property, Plant and Equipment (PPE)
The Group has elected to continue with the carrying value
of Property, Plant and Equipment ('PPE') recognised as of the
transition date, measured as per the Previous GAAP and use
that carrying value as its deemed cost of the PPE.
Property, Plant and Equipment are stated at cost less
accumulated depreciation and accumulated impairment
losses except for freehold land which is not amortised. Cost
includes purchase price after deducting trade discount /
173View entire presentation