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

at each reporting date and reduced to the extent that it is no longer probable that the related tax
benefitwillberealised.
Deferred tax assets and deferred tax liabilities are offset when there is a legally enforceable right to set
off current tax assets against current tax liabilities; and the deferred tax assets and the deferred tax
liabilitiesrelatetoincometaxesleviedbythesametaxationauthority.

MAT credit entitlement is recognized and carried forward only if there is a reasonable certainty of it
beingsetoffagainstregulartaxpayablewithinthestipulatedstatutoryperiod.

q. EarningsPerShare
Basic earnings per share is computed by dividing the consolidated net profit or loss for the year
attributable to equity shareholders by the weighted-average number of equity shares outstanding
during the year.The weighted-average number of equity shares outstanding during the year and for all
years presented is adjusted for events such as bonus issue; bonus element in a rights issue to existing
shareholders; share split; and reverse share split (consolidation of shares) that have changed the
numberofequitysharesoutstanding,withoutacorrespondingchangeinresources.

For the purpose of calculating diluted earnings per share,the profit or loss for the year attributable to
equity shareholders and the weighted-average number of shares outstanding during the year are
adjustedfortheeffectsofalldilutivepotentialequityshares.
r. ForeignCurrencyTransactionsandTranslation

The financial statements are presented in Indian Rupees (INR), which is the functional currency of the
Groupandthepresentationcurrencyforthefinancialstatements.
Transactions in foreign currencies are recognized at the prevailing exchange rates on the transaction
dates. Realized gains and losses on settlement of foreign currency transactions are recognized in the
StatementofProfitandLoss.
Foreign currency monetary items (assets and liabilities) at the year- end are translated at the year-end
exchange rates and the resultant exchange differences are recognized in the Statement of Profit and
Loss.

Non-monetary items that are measured in terms of historical cost in a foreign currency are recorded
using the exchange rates at the date of the transaction.Non-monetary items measured at fair value in a
foreign currency are translated using the exchange rates at the date when the fair value was measured.
The gain or loss arising on translation of non-monetary items measured at fair value is treated in line
withtherecognitionofthegainorlossonthechangeinfairvalueoftheitem(i.e.,translationdifferences
on items whose fair value gain or loss is recognised in OCI or Statement of Profit and Loss are also
recognisedinOCIorStatementofProfitandLoss,respectively).

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CONSOLIDATED NOTES TO THE ACCOUNTS