Amal Ltd 2018-19

Amal Ltd | Annual Report 2018-2019 c) Other long-term benefits Long term compensated absences (Unfunded scheme) Leave encashment is payable to eligible employees who have earned leaves, during the employment and | or on separation as per the policy of the Company. Valuation in respect of leave encashment have been carried out by independent actuary, as at the Balance Sheet date, based on the following assumptions: Particulars Compensated absences 2018-19 2017-18 Present value of unfunded obligations in continuation - (refer note 10) 351 160 - Current 57 24 - Non Current 294 136 Expense recognised in the Statement of Profit and Loss 198 70 Discount rate 7.48% 7.80% Salary escalation rate 8.04% 8.27% and 6% Note 30 Expenditure on Corporate Social Responsibility initiatives a) Gross amount required to be spent by the Company during the year is ` 18.32 lakhs (March 31, 2018: ` 6.46 lakhs) b) Amount spent during the year on ( ` 000) Particulars Paid Payable Total i) Construction | acquisition of any asset - - - ii) On purpose other than (i) above 1,832 - 1,832 Note 31 Capital Management a) The Company was declared sick by the 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 continues to be in place. The management is taking all steps to maximise shareholder value as per approved MS-13 to revive the Company and make its net worth positive. b) The Company has not declared any dividend. Note 32: Fair value measurements a) Financial instruments by category ( ` 000) Particulars As at March 31, 2019 As at March 31, 2018 FVPL FVOCI Amortised cost FVPL FVOCI Amortised cost Financial assets Investments Equity instruments 210 - 210 - Mutual funds 94,930 - - 41,874 - - Trade receivables - - 1,15,107 - - 83,938 Security deposits for utilities and premises - - 3,905 - - 3,905 Cash and cash equivalents - - 1,101 - - 31,730 Total financial assets 95,140 - 1,20,113 42,084 - 1,19,573 Notes to the Financial Statements