PROVISION AND CONTIGENT LIABILTY
Financial assots an- subsequently measured at amorl.sed cost i? these fiiancial assets ara held within a business whose object-ve s to hoid these assets in order 10 collect contractual cash flows and the contractual terms of the financml asset give rise an spec-tied dates to cash flows lh-H are solely payments of principal ano inlerosl on tho principal amount outstanding
Fir 3 ncisit 3 s sets 3t fair value throu gh other eompre hengive income
Fmsrvial aggintH. :rra meaSuf&d -affair vrsi ii-h through ntner nnmpneherns :ve income il thosa financial -issets :^rr- hs-rt within a tmgiPKHS whose fctjjpttrve ig ach^evert hy l>mh pOttetJing ttuntigclual cash flows end helling Fi-ianc.-al ftggfllg am the crmtiarfu.il temljs of tiie ! rnndel egg Hi rpivH r ga cm speciher dates hr rash Mows hat are golely psymantg ot principal and internet online principal amounteutsiandlijg
Financial atfcats :it lejr vaiti ei through profit or log-i
Financial assets are measured at ia i valor;- through profit or loss unless it is measured at ante; Listed cost .jr at fair value through other comproionstve rtcome pn initial recognition Ti.s tians-action costs d roctiy attributable to the acquisition of financial assets and liabilities a; fair value through profii or loss are irnniediateiy rocogoiserj in profit or less
Investment in subsidiaries
Ihvestnlent in suijjjtd aries niwmea fiursrl at r:os1 05 per Isid A?; J 7 - $£ r.g'Kte Fi-ian. Ý al SUlteme n t- Financial ligtitiiies
FnancielI nh;l lieseremeasuredgl amortisedcost u$inqHie^FfHrCiv-H ulmertmethod Fin a ncial gu b ra ntee contrac fa:
A Financial guarantee contract in a contract that rnqumi the Issuer to piata s-pselfled payments fa reimburse the holder dpi a loss it incurs because a ujHjcifmd debtor fai is to make payment s wher: d uu In accord a: ice wtLi i fra terms or adebllr^trumants.
Financial guarantee contracts issues by a housing company are initially measured ol their Fair values ants, it not designated ss at FVTPL. aresubsequently measurec nl the higher a*
Ý Tire amount of toss allowance determined In nccGfdancew'th mparmenl requirements oFINDAS 109 end
The ensoiml Initicr lly recognised less, when appropriate. 1he com Illative 3moon1 of income rewgn'sed in accondancewrln the principles cut IMG AS 13
Equity instruments
An equity Instrument 15 ecpnlrard (hat evidences residual Interest in the assets mi IheCpmp^nyatte' nertudlnq ell ml its I: a b ill 1199 Equity ji ;ilru irie1 Its : eaigrii Sect Li y I lie Cor tpflr r,1 are r eCOgi Used a: the proceeds, received i le I u"1 11 ir act icsj a co&L
Reclassification of Financial Assets.
The C c ni pariy da to rmines clas sifi cation or" Fi n andal assets and I labil tics on irItkJ reoog n itioi l Alta.MiiItlal i ecoqnition, no ^classification is made For Financial assets winch are equity itistmnents and linandal i abilties. For fiiaitcia! assets which are debt instrumenls, a tecinssiFicanon is made wily it thaw s g change in the business mode1 for managing those assets.. Changes lo the business model are expected to be Infrequent The Company's senior marage-men! determines change in Ihe business rnodel as a resull Of external or internH charges which are significant to ihe company's opera:ions Such charges a-re evident lo external parties A change in the business
model one u rs when a company eitl’ er Jiegi n s nr ceases In perform gp activity that is significant [n it a operatic ns I f the Ccrnnany neo 1*53 ihas Finanoiat esse 1s. it apinhes 1he nacfaseiflCalfoh p-rnsnectively frnn: Lhe redaBSificetinn dele Wh r:h s (tie first ray of hie -irrr “'Lately next re pel no period fotawlng "lie change .n business model I tie Crn'p.any ? D“S hit resiata ary pnaviDLisly recognizee qa n9, loSts-efi (including impairment gains and loSSfiS}or interesl
DftsEftlinu of financial I tistrum erltfi
Financial p spots anc i nancial lipbiktias arc offer: L una the net amourtl is reported in I ho Balance Shed t tnsrc Is cuiiontly enforceable legal rigM to offset Lno recognizees amounts and Lhoruis an n ten ion to setlfe on a net basis, to i eatizu tl it s ssets and settle the li abilitiae si m j ta n eousiy
2.16 Earnings Per Share (EPS)
The Company reports basic one difol-ed eamrngs per share in accordance with Ind AS 33 on Earnings per gtiane Fig sic eamings per share is computed by divid r.n I lie net profit -a i- loss for the per od by the weighrtaif average number of equily sb afpscmfotfl nding during the period Diluted eani nq S pe r ahare tnmpute.i by d ivi ding I lie net profit or loss For Ihe period by I lie we ghted average numher nf ecinty shares outstapdirig drtring the perlnd as ad.n.sred for the e Ifeots n1 al! d iluted pnte n lial equily stie res exon pt where the resuIts are anti-mlUlive
2*17 C u r reritfFJ ur i-Cu r r e at ClESSitlcdtLon
I tit Onrrlpaiiy presents assels and liabilities, nl tf'i: balarlce stieet based oh c.uhuiilAiarl-Clji lerit dasS-lflcatldh. An assot is class iflod as parent wh,a n 11 sa tist; a s c n y -of the folio™ ng criteria:
It is expect&o to bt raalized or intended to tte snilcor consumed lit normal opera ting cycle It is held primarily for the purposo of irac ing
it is expected lobe realized within (SmQnltisaffjrfiie date of reporting period or
Cash and cash egnivalcnl unless restricted From being exchanged or used to settle a Hab-lMy for at least 12 monrbsafterreportingpenod.
Currenr assets include the current portion of non-cumenl financial assets All otherasuets are c ass-ifierins non-cirrerh.
Almn-lily in c.rrent when It sstislies g.ny oflhe fallow rin orilgria'
It is expected lohe settled In nomiel oye'eting cycle
II iftiiald pi'iniarilyfcir Ltie purpose hf trading
It li due to her StrllfL rt wi LI i in 12 months afti: r Itis reporting pt i lod. Or
Tlwa :s no uiruodtiition^t right to defer (ho settfemEnt of the liability fur al least 12 months aftei Ute ipportirig poriod Currant I ubil.liii'S include LluLi-curr-QriLLiorLioi'. c.f -iiiiy ttinr i rtancia; iobi'isiefi.
The Company classtfies another liatnlltics as non current
Doferrod tax asselsantl l abiltios are classified as non-current assets anc liabtlil cs
The operating eye'e :S the time beTwei;pthe acquisirion of assets gnd their realization it casts anjdt cash equivalents The Compar y bo s identified 12 nfjn th s as its operating cycle.
?.1J5 Share Capital Ordinary Shares
Ordinary shares aretiewitieEi as equity, incremental cost:;, deny, dlwdlyattnbuteWe idine issue at ordinary shares H'e PB'pogn /srasa deduction fiornc-lhef nquity, not of anyfex effects
2.19 Fal r Value Measu re ment
r bSli- value IS Lhu price that would lie reC&ivad from the calc of Ml asset pr paid La transfer 3 liability In an orderly transaction betwaan ma-'koi |..arlrCioan!s a! iht niGaeuromiir'L data. Trio fair value measuroaient is cased on [he o resumption that tlieiraniaciid: i lo sell an as set crtransterthenaPi.ity takes ptacssIlhsR
- in (tie prm :lpfe market for (he H-?set ..i I atnl ly
- in th B 3 hsence of principle mgrkel. in (he most n dvar.tg gaous m arkel for the S5501 or Liability The pn nciplti or the most advantageous fti a rk-st must be accessible by the Company.
The fa ir vulua of an ussui or a I lability is ineasured u sir ig th* assumptions ihai inartcet partu::pants Mould use wttar; pricing Urn asset *1 liability, assuming that market Participant sect In than etaiiu.'iMi test Interest.
This In r vaLia measure mail! pf a onn-: n annual asset take* mint acc-onnl a fnarKiel parlidpgntahhity [p qaiiarele ecpn am ic ben etife by iijmc 1 h e assel in Its hiq haul a nd best uge nr by sel1 mg It to a not 'iflr m h rket particip a nt that wg.i: rt usstHi'esset In fts highest end beitpsa
The Company uses valuation techniques the! :ane? Hpnroprnte m the circumstances and for which snff-cient octa are availnniR In measure tair value maximizing the use of relevant tyhaervah e inputs am minimizing the use of unobservable ;npuls.
All assets one liabiin e-; for which fatryelije Ý& m&ssured or disclosed in Ihe financsl slarennents are categorized wit h n me fair value hierarchy, desorbed as follows based on. the lowest ievel rput that is significant to Hie fa r value measu nempot as e whole'
Levei i Quoted (Unadjusted) Marks! prices In sefivo markets for inetdentei assets or liabilities
Level 2 - Vatuafkin tedtiniquee for which the lowest level input that is significant to thu f£ir value mansurenwitt i-
cKeclly or i nd iiccLly observable
l.aVi-i 3 - Valuation techniques for which Ihe iowesl level iipnl I hat Is a on ifira ri I Ln dip feir vrJ.lue measnremenl Is unobservable
For assets and liadtliTes that are recognized n the financim statements on a recurring basis the Company determines Whether transfers that nave occurred balween levels in the nierarnhy by re-sasessing categorization fhased ori 1ffe lowest level Input that is Significant to Ihe fair value measuremeril ss a whole) at the? find of each repod'i'g fierind
Determination of Fair Value
H Financial Assets - Debt Instruments at amoTtiaed cost
After initial measurement the financial assets are subsequently measured a1 amortlited nosl US eg fee EffenliyE Interest Hate (FfiR) method Amod zed cost is caloulatert by taking mte account any discount nr premium on flog ijih lion 3 nd fees or cost tha L are a n. n leg ral pari of the EI Ft
2) Financial Assets - Debt Instruments at Fair Value through Other Com preha naive income (FVTOCi)
Measure u Initially as wull as at each run: rung dale a I lair yfttufl. i au value mjov&menls aru rticagritiad m the Otli&rCoinpi Liberia :vii inocimo fQCl>. Op oaraoogri’tion of the asset, cumulative gain or loss previously recognized n OO11 s reclassified from the eq uity to Pfi L.
3) Dobl instruments & derlvattvts at Fair va lire thro tig b Profit or Loss (FVTPL)
FVTPL is z- res. dun I category for debt instruments Ary debt instrument woich does iG' mecl die intern a for categorization as at amortized cost or a s F VTOCI, is cl ossified as a I FVTP L.
Ý*i Equity I nstrumentg af Fair Value throng h QtherComprebensive treome
On initial recognition, the Company can make an nevocable election (on an ingrrumem by instrument basis) to present the suhsequent changei; in fe?r value n ittrer rornprunenaive mmm? pertaining to invealmenla m equity m sin i mentr? 1 be ee e lecied i nnesl me-nls a _e ini1. ally meas u red at ta ir Value p!i is tra m>a utinn costa Si rbseqi jenLly. I hey are measured al feu value with qii.nt / losses ar.emq from eba igeu in fair value recognizer n oltiar onmpfehersive n Ý Come. This Oum u i^live gai n Or : jai is rial reclasfii I ed to profit ur lass ail di Spofral Of the ii l ves hfenbi.
5) Financial Liabilities
1 inariciaJ hablfities arc LlassifiLb. at uillfal rwjpgriHi&n, us Imurhciai I labilities at fan valuer through profit & lotfe, loans anu borrow-iiLas. payablts. or as derlvalives dGsignatud as bMging lr&UumL>r>ts Ir an offediva Itadgc, as apuiupnatt;.
All financial i iabil ities a ne recog ruzed Irittalty at fair va lue and, n rhe case of loar-s and twryow. ngs and c ay ? bios. not of directly arributable !ransaction costs Th*? Conripanies financiaf lijcfifies incluide trade and other pnyahies.:oans and hor rowi ngs incl \ id rg bank overdrafts a nd derivative financia' T.stru meats
Fair value through Profit & Loss
Financial lien Ii1-Ks.n1 lair va-t.e thrcugn profit & loss include I nandal I abiMies heln lor Iran inn Hid flhBnnnl liabilities Ýdes-ignatea upon inihai recognition as at fan value through pi of it or (oe&. All changes in fair vs ire of such liabditte-s are ' ocdgni ae*cf m statarrns nt ?: pruti L or loss.
Loans and Borrowings
Aft&r Initial r-scogr. ition. mtc rest- ben ring loans ana OQfmwing&aro subsequently m-oasumd at amorazac cost using the EIR method Ga-ns and losses recognized i p-rofit or toss when the-1labilities aro derecognized as wen as Th rough the EIR amortization process The EIR rsn-orizatlon is Included as f inance costs 'nine stntement of profit and loss.
3.30 dividend
Dividend on sb*re is recorded as liahilily m ‘he cigle of approval by the sharegnlders gnrt is shown as a reduction trnm retained earnings unde: Other Equity.
1.31 Segment Re parting
i ho Company irteittifies ......ary sogniinls niisedtm the domlfiaril isjourtn, nature ol risks and returns anij tlwlntonr^
wganlaallSn and maaagamanl structure. I run operating segments are [bo e&gmerts for which separata financial information is available ana: fr_r which oporating profit 1 loss amounts, evaluatoc rogolarly by the Chief Opera hr a Deosion Maker (CGDM) in deerd ing liow to a llocate resources anti in assessing pe-rforma nee.
The accounting policies adopted for segment reporting are n line with the accounting policies of the Company. Segment revenue, segment expenses, segment ssseis ancsegme-m liability have been 'certified to segments or 1he basis of ihe^r relationship ip the operating acfiviiiesofme segment Iuter-serjmenf revenue is accounted on the nesis o1 transactions wn ch are primarily determined based on market / fair wane factors. Revenue, expenses aseels end liabilties which relate Ip the Company ass wnnle and are opt a-lncahle in segments nr reasonable basis have beer Include n 11 nder 'unal- or.al en revenue I r. Kpen sea Ý' assets: i .abil ities'
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