m) Provision & Contingencies:

A provision is recognized when the Company has a present obligation as a result of past event, it
is probable that an outflow of resources embodying economic benefits will be required to settle
the obligation and a reliable estimate can be made of the amount of the obligation. Provisions
are not discounted to their present value and are determined based on the best estimate required
to settle the obligation at the reporting date. These estimates are reviewed at each reporting date
and adjusted to reflect the current best estimates.

n) Earnings Per Share:

Basic The basic earnings per share is computed by dividing the net profit or loss attributable to
equity shareholders (after deducting attributable taxes) by the weighted average number of equity
shares outstanding during the period. For the purpose of calculating diluted earnings per share,
the net profit or loss for the period attributable to equity shareholders (after deducting
attributable taxes) and the weighted average number of equity shares outstanding during the year
are adjusted for effects of all dilutive potential equity shares, except where the results are anti¬
dilutive. The number of shares and potentially dilutive equity shares are adjusted for share splits
and bonus shares issued including for changes effected prior to the approval of the financial
statements by the Board of Directors

o) Cash and cash equivalents:

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in
hand and short-term investments with an original maturity of three months or less.