Amal Ltd 2016-17

Notes to the Financial Statements Amal Ltd | Annual Report 2016-17 4. Remeasurements of post-employment benefit obligations Under Ind AS, remeasurements that is actuarial gains and losses and the return on plan assets, excluding amounts included in the net interest expense on the net defined benefit liability are recognised in other comprehensive income instead of profit or loss. Under the IGAAP, these remeasurements were forming part of the profit or loss for the year. As a result of this change, the profit for the year ended March 31, 2016 decreased by ` 161 thousand. There is no impact on the total equity as at March 31, 2016. 5. Cash discount Under IGAAP, revenue from sale of products was measured at transaction price. Under Ind AS, revenue from sale of goods is measured at fair value of consideration received or receivable. Hence, cash discount is reduced from revenue to present the same at its fair value. This change has resulted in a decrease in total revenue and total expenses for the year ended March 31, 2016 by ` 201 thousand. There is no impact on the total equity and profit. Note 33 Capital Management a) The Company declared sick by BIFR through its order dated July 31, 2006. Presently, the modified sanctioned scheme (MS-13) approved by BIFR in its meeting held on July 01, 2013 continued to be in place. The Management is taking all steps to increase shareholder values as per approved BIFR Scheme (MS- 13) to revive the Company and make its net worth positive. b) Dividends The Company has not declared any dividend. Note 34: Fair value measurements (a) Financial instruments by category ( ` 000) March 31, 2017 March 31, 2016 April 01, 2015 FVTPL FVOCI Amortised cost FVTPL FVOCI Amortised cost FVTPL FVOCI Amortised cost Financial assets Investments - Equity instruments 210 - - 210 - - 210 - - - Mutual funds 19,082 - - - - - - - - Trade receivables - - 42,993 - - 4,598 - - 2,890 Loans - - - - - - - - - Security deposits - - 3,905 - - 3,905 - - 2,554 Cash and cash equivalents - - 17,940 - - 1,076 - - 2,993 Bank balances other than cash and cash equivalents - - 500 - - - - - 1,040 Total financial assets 19,292 - 64,828 210 - 9,579 210 - 9,477 Financial liabilities Borrowings - - 149,667 - - 154,420 - - 130,872 Trade payables - - 16,608 - - 25,746 - - 24,881 Employee benefit payable - - 352 - - 346 - - - Provision for expenses - - 4,452 - - 4,376 - - 4,634 Retention payable - - 454 - - 140 - - - Total financial liabilities - - 1,71,533 - - 1,85,028 - - 1,60,387 * Amount below the rounding off norm adopted by the company