a liability at fair value, adjusted for transaction costs that are directly attributable to the issuance of the guarantee. Subsequently, the liability is measured at the higher of the amount of loss allowance determined as per impairment requirements of Ind AS 109 and the amount recognised less cumulative amortisation. Trade and other payables These amounts represent liabilities for goods and services provided to the Company prior to the end of fi nancial year which are unpaid. The amounts are unsecured and are usually paid as per agreed terms. Trade and other payables are presented as current liabilities unless payment is not due within 12 months after the reporting period. They are recognised initially at their fair value and subsequently measured at amortised cost using the eff ective interest method. De-recognition A fi nancial liability is derecognised when the obligation under the liability is discharged or cancelled or expires. When an existing fi nancial liability is replaced by another from the same lender on substantially diff erent terms, or the terms of an existing liability are substantiallymodifi ed, such an exchange or modifi cation is treated as the derecognition of the original liability and the recognition of a new liability. The diff erence in the respective carrying amounts is recognised in the standalone statement of profi t and loss. Offsetting of financial instruments Financial assets and fi nancial liabilities are off set and the net amount is reported in the standalone balance sheet if there is a currently enforceable legal right to off set the recognised amounts and there is an intention to settle on a net basis, to realise the assets and settle the liabilities simultaneously. Derivative financial instrument - Initial recognition and subsequent measurement Derivative fi nancial instruments are initially recognised at fair value on the date on which a derivative contract is entered into and are subsequently re-measured at fair value. Derivatives are carried as fi nancial assets when the fair value is positive and as fi nancial liabilities when the fair value is negative. Any gains or losses arising from changes in the fair value of derivatives are taken directly to the standalone statement of profi t and loss. r. Earnings per share Basic earnings per share are calculated by dividing the net profi t or loss for the period attributable to equity shareholders (after deducting preference dividends, if any, and 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 profi t or loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the year are adjusted for the eff ects of all dilutive potential equity shares. s. Cash flow statement The standalone cash fl ow statement is prepared in accordance with the Indirect method. Standalone cash fl ow statement presents the cash fl ows by operating, fi nancing and investing activities of the Company. Operating cash fl ows are arrived by adjusting profi t or loss before tax for the eff ects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments, and items of income or expense associated with investing or fi nancing cash fl ows. t. Cash and cash equivalents Cash and cash equivalent in the standalone balance sheet comprise cash at banks and on hand and shortterm deposits with an original maturity of three months or less, which are subject to an insignifi cant risk of changes in value. For the purpose of the standalone cash fl ow statement, cash and cash equivalents consist of cash at banks and on hand and deposits, as defi ned above, net of outstanding loans repayable on demand from banks as they are considered an integral part of the Company’s cash management. u. Cash dividends to equity holders Annual dividend distribution to the shareholders is recognised as a liability in the period in which the dividend is approved by the shareholders. Any interim dividend paid is recognised on approval by Board of Directors. Dividend payable / paid is recognised directly in equity. v. Investments in subsidiary, joint venture and associate The Company has elected to recognise its investments in equity instruments in subsidiary, joint venture and 205 Standalone | Financial Statements
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