Amal Ltd 2015-16

Amal Ltd | Annual Report 2015-16 Notes to the Financial Statements ( ` 000) (b) Transactions with related parties 2015-16 2014-15 4. Payables (i) Advance from customers Atul Ltd 2,390 41,894 (ii) Trade and other payables Atul Finserv Ltd 298 298 Atul Ltd 12,033 11,552 (iii) Trade Receivables Atul Ltd 3,449 - Note 29 Earning per share Earning per Share (EPS) - The numerators and denominators used to calculate basic and diluted Earning per Share: Particulars 2015-16 2014-15 Profit | (Loss) for the year attributable to the Equity Shareholders ( ` 000) 37,189 (5,768) Weighted average number of Equity shares outstanding for Basic earning per share Number 70,25,000 70,25,000 Basic Earning per Equity share ` 5.29 (0.82) Weighted average number of Equity shares outstanding Number 70,25,000 70,25,000 Add: Potential Equity shares due to Share application money pending allotment Number 24,00,000 24,00,000 Weighted average number of Equity shares outstanding during the year Number 94,25,000 94,25,000 Weighted average number of Equity shares outstanding for diluted earning per share Number 94,25,000 70,25,000 Diluted Earning per Equity share ` 3.95 (0.82) Nominal value of Equity share ` 10 10 Note 30 Lease The Company has taken land on cancellable lease at Atul from Atul Ltd for 97 years from February 03, 1996 on annual lease rent of ` 8,000. Note 31 Going concern The Company was declared sick by the Board for Industrial and Financial Reconstruction (BIFR) on July 20, 2006 and the BIFR, vide its order dated July 16, 2009, sanctioned the revival scheme for the Company which was further modified in June 2010. Relevant adjustments as required by the scheme including recasting of creditors had been carried out in the books of account. Subsequently, the Appellate Authority for Industrial and Financial Reconstruction (AAIFR) vide its order dated March 22, 2011 allowed the appeal filed by one of the unsecured creditors and remanded the case back to the BIFR for considering revival scheme through Operating Agency(OA). IDBI Bank Ltd (IDBI), appointed as OA