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ANNUAL REPORT 2018 - 2019
NOTES FORMING PART OF THE CONSOLIDATED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2019

l. FinancialInstruments

I. Financialassets
a. InitialRecognitionandMeasurement
The Group recognizes financial assets and financial liabilities when the Group becomes a party to the
contractual provisions of the instrument. Financial assets and liabilities are recognised at fair value
initial recognition except for Trade receivables / payables and where cost of generation or fair value
exceedsbenefits,whichare initiallymeasuredat the transactionprice.Transactioncostsdirectlyrelated
to the acquisition or issue of the financial assets and financial liabilities (other than financial assets and
financial liabilities through profit and loss account) are added to or deducted from the cost of financial
assets and financial liabilities.Transaction costs directly attributable to the acquisition or issue of the
financial assets and financial liabilities at fair value through profit and loss account are recognized
immediatelyinthestatementofprofitandloss.

b. ClassificationandSubsequentMeasurement
i. Amortisedcost:
A financial asset is measured at amortised cost if it is held within a business model whose objective is to
hold the asset in order to collect contractual cash flows and the contractual terms of the financial asset
give rise on specified dates to cash flows that are solely payments of principal and interest on the
principalamountoutstanding.

ii. Fairvaluethroughothercomprehensiveincome(FVOCI):
A financial asset is measured at FVTOCI if it is held within a business model whose objective is achieved
by both collecting contractual cash flows and selling financial assets and the contractual terms of the
financial asset give rise on specified dates to cash flows that are solely payments of principal and
interestontheprincipalamountoutstanding.
iii. Fairvaluethroughprofitandloss(FVTPL) :

AfinancialassetwhichisnotclassifiedinanyoftheabovecategoriesaremeasuredatFVTPL.
Financial assets are not reclassified subsequent to their recognition, except if and in the period the
Groupchangesitsbusinessmodelformanagingfinancialassets.
iv. InvestmentsinSubsidiaries
Investments in subsidiaries are carried at cost less accumulated impairment losses, if any. Where an
indication of impairment exists, the carrying amount of the investment is assessed and written down
immediately to its recoverable amount. On disposal of investments in subsidiaries, the difference
betweennetdisposalproceedsandthecarryingamountsarerecognizedintheStatementofProfitand
Loss.
v. EquityInstruments
An equity instrument is any contract that evidences a residual interest in the assets of the Group after
deducting all of its liabilities. Equity instruments are recorded at the proceeds received, net of direct
issuecosts.
All equity investments are measured at fair value,with value changes recognised in Statement of Profit
and Loss, except for those equity investments for which the Group has elected to present the value
changesin‘OtherComprehensiveIncome’.

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CONSOLIDATED NOTES TO THE ACCOUNTS