Investor Presentaiton
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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.
Deferred tax assets and liabilities are offset when there
is a legally enforceable right to set off current tax assets
against current tax liabilities and when they relate to
income taxes levied by the same taxation authority and
the Company intends to settle its current tax assets and
liabilities on a net basis.
18) Earnings per Share:
Basic earnings per share is calculated by dividing the
profit from continuing operations and total profit, both
attributable to equity shareholders of the Company by the
weighted average number of equity shares outstanding
during the year.
19) Current versus Non-current classification:
The Company presents assets and liabilities in the Balance
Sheet based on current/non-current classification.
An asset is current when it is:
a)
•
b)
•
•
Expected to be realized or intended to be sold or
consumed in the normal operating cycle,
Held primarily for the purpose of trading,
Expected to be realised within twelve months after the
reporting period, or
Cash or cash equivalent unless restricted from being
exchanged or used to settle a liability for at least twelve
months after the reporting period.
All other assets are classified as non-current.
A liability is current when:
.
•
It is expected to be settled in the normal operating
cycle,
It is held primarily for the purpose of trading,
It is due to be settled within twelve months after the
reporting period, or
c)
There is no unconditional right to defer the settlement of
the liability for at least twelve months after the reporting
period.
· All other liabilities are classified as non-current.
Deferred tax assets and liabilities are classified as non-
current.
20) Fair value measurement:
Fair value is the price that would be received to sell an
asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date,
regardless of whether that price is directly observable or
estimated using another valuation technique. In estimating
the fair value of an asset or a liability, the Company takes
into account the characteristics of asset and liability if market
participants would take those into consideration. Fair value for
measurement and / or disclosure purposes in these Financial
Statements is determined on such basis except for Inventories,
Leases and value in use of non-financial assets. Normally at
initial recognition, the transaction price is the best evidence of
fair value.
The fair value of an asset or a liability is measured using the
assumptions that market participants would use when pricing
the asset or liability, assuming that market participants act in
their economic best interest. A fair value measurement of a
non-financial asset takes into account a market participant's
ability to generate economic benefits by using the asset in
its highest and best use or by selling it to another market
participant that would use the asset in its highest and best use.
The Company uses valuation techniques that are appropriate in
the circumstances and for which sufficient data are available to
measure fair value, maximizing the use of relevant observable
inputs and minimizing the use of unobservable inputs.
All financial assets and financial liabilities for which fair
value is measured or disclosed in the Financial Statements
are categorized within the fair value hierarchy, described as
follows, based on the lowest level input that is significant to
the fair value measurement as a whole:View entire presentation