Amal Ltd 2019-20

103 Note 26.8 Segment information The Company operates in a single business segment that is manufacturing of bulk chemicals. Further, its operations are confined within India and the major customer of the Company is Atul Ltd. Accordingly, there are no separate reportable segment as per Ind AS 108 on ‘Operating Segments’ and no further disclosures are required. Note 26.9 Earnings per share Earnings per share (EPS) - The numerators and denominators used to calculate basic and diluted EPS: Particulars 2019-20 2018-19 Profit for the year attributable to the equity shareholders ` lakhs 919.17 775.05 Basic | Weighted average number of equity shares outstanding during the year Number 94,25,000 94,25,000 Nominal value of equity share ` 10 10 Basic and diluted EPS ` 9.75 8.22 Note 26.10 Leases The Company adopted Ind AS 116, ‘Lease’ effective fromApril 01, 2019, and has elected to apply this standard to its leases with modified retrospective approach with the cumulative effect, recognised at the date of initial application. Initial lease liability has been measured at present value of the remaining lease payments and discounted at incremental borrowing rate of the Company as at April 01, 2019, with an equivalent amount for the right-of-use asset. The comparative information of previous year is not restated as permitted by Ind AS 116. a) As a lessee The company has taken land on cancellable lease at Atul from Atul Ltd for 99 years from February 03, 1996 on annual lease rent of ` 8,000. Following are the changes in carrying value of right-of-use assets (land) ( ` lakhs ) Particulars Amount As at March 31, 2019 - Additions 0.86 Depreciation | Amortisation (0.01) As at March 31, 2020 0.85 Following are the movements in lease liabilities ( ` lakhs ) Particulars Amount As at March 31, 2019 - Additions 0.87 Finance cost accrued 0.08 Payment of lease liabilities (0.08) As at March 31, 2020 0.87 Notes to the Financial Statements