All Time Plastics Ltd. కంపెనీ అకౌంటింగ్ విధానాలు

(B) Material accounting policies and key
accounting estimates and judgements

1.1 Basis of preparation

(i) Compliance with Indian Accounting
Standards (Ind-AS)

The standalone financial statements of the
Company as at and for the year ended 31
March 2026 has been prepared and presented
in accordance with the Indian Accounting
Standards (“Ind-AS”) notified under Section
133 of the Companies Act, 2013 (“the Act”)
read with Companies (Indian Accounting
Standards) Rules 2015, as amended, and
requirements of Division II of Schedule III to the
Act, and other accounting principles generally
accepted in India.

The standalone financial statements have
been prepared by the Company on accrual
basis as a going concern on the basis of
relevant Ind AS that are effective or elected
for early adoption at the Company''s reporting
date, 31 March 2026.

(ii) Basis of measurement

The standalone financial statements have
been prepared on a historical cost basis,
except for the following:

• Financial assets and liabilities are
measured at fair value or at amortised
cost depending on classification;

• Derivative financial instruments is
measured at fair value; and

• Defined benefit plans - plan assets
measured at fair value.

(iii) Consistency of accounting policy

The accounting policies are applied
consistently unless otherwise stated.

(iv) Functional currency and rounding of
amounts

The standalone financial statements are
presented in Indian Rupee (H) which is also
the functional currency of the Company. All
amounts disclosed in the standalone financial
statements and notes have been rounded-
off to the nearest lakhs or decimal thereof
as per the requirement of Schedule III, unless
otherwise stated. Amount less than H 500/- is
presented as H 0.00 lakhs.

1.2 Current and non-current classification

All assets and liabilities have been classified as
current and non-current as per the Company''s
normal operating cycle and other criteria set out in
the Schedule III of the Act and Ind AS 1, Presentation
of Financial Statements.

Assets:

An asset is classified as current when it satisfies
any of the following criteria:

a) it is expected to be realised in, or is intended
for sale or consumption in, the Company''s
normal operating cycle;

b) it is held primarily for the purpose
of being traded;

c) it is expected to be realised within twelve
months after the reporting date; or

d) it is cash or a cash equivalent unless it is
restricted from being exchanged or used to
settle a liability for at least twelve months after
the reporting date.

Liabilities:

A liability is classified as current when it satisfies
any of the following criteria;

a) it is expected to be settled in the Company''s
normal operating cycle;

b) it is held primarily for the purpose
of being traded;

c) it is due to be settled within twelve months
after the reporting date; or

d) the Company does not have an unconditional
right to defer settlement of the liability for at
least twelve months after the reporting date.
Terms of a liability that could, at the option of
the counterparty, result in its settlement by the
issue of equity instruments do not affect its
classification.

Current assets and liabilities include the current
portion of assets and liabilities, respectively. All
other assets and liabilities are classified as non¬
current. Deferred tax assets and liabilities are
always disclosed as non-current.

Based on the nature of products and the time
between acquisition of assets for processing and
their realisation in cash and cash equivalents, the
Company has ascertained its operating cycle as 12
months for the purpose of current or non-current
classification of assets and liabilities.

1.3 Use of estimates and judgements

The preparation of standalone financial statements
requires management of the Company to make
judgements, estimates and assumptions that affect
the reported assets and liabilities, revenue and
expenses and disclosures relating to contingent
liabilities. Management believes that the estimates
used in the preparation of the standalone financial
statements are prudent and reasonable. Estimates
and underlying assumptions are reviewed by
Company''s management at each reporting date.
Actual results could differ from these estimates.
Any revision of these estimates is recognised
prospectively in the current and future periods.

Following are the critical judgements and estimates:

(i) Leases

Ind AS 116 “Leases” requires lessees to
determine the lease term as the non¬
cancellable period of a lease adjusted with
any option to extend or terminate the lease, if
the use of such option is reasonably certain.
The Company makes an assessment on the
expected lease term on a lease-by-lease basis
and thereby assesses whether it is reasonably
certain that any options to extend or terminate
the contract will be exercised. In evaluating
the lease term, the Company considers
factors such as any significant leasehold
improvements undertaken over the lease term,
costs relating to the termination of the lease
and the importance of the underlying asset
to Company''s operations taking into account
the location of the underlying asset and
the availability of suitable alternatives. The
lease term in future periods is reassessed to
ensure that the lease term reflects the current
economic circumstances.

The Company also exercises the judgement in
assessing whether the plant and machinery
utilised exclusively for production of the goods
for customer is required to be considered as
finance lease. In evaluating the agreement
with customers, the Company considers the
factors such as control of design and use of
plant and machinery at its discretion over the
economic useful life of these equipment.

(ii) Provisions and contingent liabilities

The Company exercises judgement in
measuring and recognising provisions and
the exposures to contingent liabilities related
to pending litigation or other outstanding
claims subject to negotiated settlement,
mediation, government regulation, as well
as other contingent liabilities. Judgement is
necessary in assessing the likelihood that a
pending claim will succeed, or a liability will
arise, and to quantify the possible range of the
financial settlement. Because of the inherent
uncertainty in this evaluation process, actual
losses may be different from the originally
estimated provision. Provisions are reviewed
at each balance sheet date and adjusted
to reflect the current best estimate. If it is no
longer probable that the outflow of resources
would be required to settle the obligation, the
provision is reversed.

(i) Useful lives of property, plant and
equipment, and intangible assets

Property, plant and equipment, and intangibles
assets represent a significant proportion of
the asset base of the Company. The charge
in respect of periodic depreciation is derived
after determining an estimate of an asset''s
expected useful life and the expected residual
value at the end of its life. The useful lives
and residual values of Company''s assets are
determined by the Management at the time the
asset is acquired and reviewed periodically,
including at each financial year end. The
lives are based on historical experience with
similar assets as well as anticipation of future
events, which may impact their life, such as
changes in technology.

(ii) Expected credit loss

The Company applies Expected Credit Losses
(“ECL”) model for measurement and recognition
of loss allowance on the following:

• Trade receivables

• Financial assets measured at amortised
cost (other than trade receivables).

• Financial assets measured at fair
value through other comprehensive
income (FVTOCI).

In accordance with Ind AS 109, the Company
applies ECL model for measurement and
recognition of impairment loss on the trade
receivables or any contractual right to
receive cash or another financial asset that
result from transactions that are within the
scope of Ind AS 115.

For this purpose, the Company follows
‘simplified approach'' for recognition of
impairment loss allowance on the trade
receivable balances. The application of
simplified approach does not require
the Company to track changes in credit
risk. Rather, it recognises impairment loss
allowance based on lifetime ECLs at each
reporting date, right from its initial recognition.

As a practical expedient, the Company uses a
provision matrix to determine impairment loss
allowance on portfolio of its trade receivables.
The provision matrix is based on its historically
observed default rates over the expected life
of the trade receivables and is adjusted for

forward-looking estimates. At every reporting
date, the historical observed default rates are
updated and changes in the forward-looking
estimates are analysed.

In case of other assets, the Company
determines if there has been a significant
increase in credit risk of the financial asset
since initial recognition. If the credit risk of
such assets has not increased significantly, an
amount equal to twelve month ECL is measured
and recognised as loss allowance. However,
if credit risk has increased significantly, an
amount equal to lifetime ECL is measured and
recognised as loss allowance.

(iii) Accounting for defined benefit plans

In accounting for post-retirement benefits,
several statistical and other factors that
attempt to anticipate future events are used
to calculate plan expenses and liabilities.
These factors include expected return on plan
assets, discount rate assumptions and rate of
future compensation increases. To estimate
these factors, actuarial consultants also
use estimates such as withdrawal, turnover,
and mortality rates which require significant
judgement. The actuarial assumptions
used by the Company may differ materially
from actual results in future periods due to
changing market and economic conditions,
regulatory events, judicial rulings, higher or
lower withdrawal rates, or longer or shorter
participant life spans.

(iv) Impairment of non-financial assets

An impairment loss is recognised for the
amount by which an asset''s or cash-generating
unit''s carrying amount exceeds its recoverable
amount. To determine the recoverable amount,
management estimates expected future cash
flows from each asset or cash generating unit
and determines a suitable interest rate in order
to calculate the present value of those cash
flows. In the process of measuring expected
future cash flows, Management makes
assumptions about future operating results.
These assumptions relate to future events and
circumstances. The actual results may vary
and may cause significant adjustments to the
Company''s assets.

In most cases, determining the applicable
discount rate involves estimating the
appropriate adjustment to market risk
and the appropriate adjustment to asset-
specific risk factors.

(v) Fair value of financial instruments

Management uses valuation techniques
in measuring the fair value of financial
instruments where active market quotes are
not available. Details of the assumptions
used are given in the notes regarding
financial assets and liabilities. In applying the
valuation techniques, Management makes
maximum use of market inputs and uses
estimates and assumptions that are, as far
as possible, consistent with observable data
that market participants would use in pricing
the instrument. Where applicable data is
not observable, Management uses its best
estimate about the assumptions that market
participants would make. These estimates
may vary from the actual prices that would be
achieved in an arm''s length transaction at the
reporting date.

1.4 Property, plant and equipment

(i) Recognition and measurement

All items of property, plant and equipment,
including freehold land, are initially
recorded at cost. Cost of property, plant and
equipment comprises purchase price, non¬
refundable taxes, levies, and any directly
attributable cost of bringing the asset to
its working condition for the intended use.
The cost includes the cost of replacing
part of the property, plant and equipment
and borrowing costs that are directly
attributable to the acquisition, construction
or production of a qualifying property,
plant and equipment. Subsequent to initial
recognition, property, plant and equipment
other than freehold land are measured
at cost less accumulated depreciation
and any accumulated impairment losses.
Freehold land has an unlimited useful life and
therefore is not depreciated. The carrying
values of property, plant and equipment
are reviewed for impairment when events
or changes in circumstances indicate that
the carrying value may not be recoverable
(refer note 1.6 for more details). The Company
had applied for the one-time transition
exemption of considering the carrying cost
on the transition date i.e., 1 April 2020 as the
deemed cost under Ind AS. Hence regarded
thereafter as historical cost. When parts of an
item of property, plant and equipment have
different useful lives, they are accounted for

as separate items (major components) of
property, plant and equipment.

The cost of an item of property, plant and
equipment is recognised as an asset if, and
only if, it is probable that future economic
benefits associated with the item will flow to
the Company and the cost of the item can be
measured reliably. Items such as spare parts,
stand-by equipment and servicing equipment
that meet the definition of property, plant
and equipment are capitalised at cost and
depreciated over their useful life. Costs in
nature of repairs and maintenance are
recognised in the standalone statement of
profit and loss as and when incurred.

Advances paid towards the acquisition of
property, plant and equipment outstanding
at each reporting date is disclosed as capital
advance under non-current assets.

Capital work-in-progress included in non¬
current assets comprises of direct costs,
related incidental expenses and attributable
interest. Capital work-in-progress are not
depreciated as these assets are not yet
available for its intended use.

(ii) Depreciation

Depreciation on the property, plant and
equipment (other than freehold land) is
provided pro rata basis on straight line method
based on useful life of the assets as prescribed
in Schedule II to the Act except for certain class
of assets, based on the technical evaluation
and assessment, the Company believes that
the useful lives adopted by it best represent
the period over which an asset is expected
to be available for use. Accordingly, for these
assets, the useful lives estimated by the
Company are different from those prescribed
in the Schedule II.

Depreciation on property, plant and equipment,
which are added/disposed-off during the year,
is provided on pro-rata basis with reference
to the month of addition/deletion, in the
standalone statement of profit and loss.

The residual values, useful lives and methods of
depreciation of property, plant and equipment
are reviewed at each financial year end and,
if expectations differ from previous estimates,
the change(s) are accounted for as a change

in an accounting estimate in accordance
with Ind AS 8, Accounting Policies, Changes in
Accounting Estimates and Errors.

Leasehold improvements are amortised over
the lower of lease period or estimated useful
life, on straight line basis from the date that
they are available for use.

(iii) De-recognition

An item of property, plant and equipment,
is de-recognised upon disposal or when no
future economic benefits are expected from
its use or disposal. Any gain or loss arising
on de-recognition of the asset (calculated
as the difference between the net disposal
proceeds and the carrying amount of the
asset) is included in the standalone statement
of profit and loss.

1.5 Intangible assets

(i) Recognition and measurement

Intangible assets consists of computer
software acquired separately are measured
on initial recognition at cost. Following initial
recognition, intangible assets are carried
at cost less accumulated amortisation and
accumulated impairment loss, if any (refer note

1.6 for more details). Subsequent expenditures
are capitalised only when they increase the
future economic benefits embodied in the
specific asset to which they relate.

(ii) Amortisation

The Company amortises intangible assets
with a finite useful life using the straight-line
method over the following useful lives:

• Computer software 3 years

The amortisation period and the amortisation
method for intangible assets with a finite
useful life are reviewed at each reporting date.

(iii) De-recognition of intangible assets

Intangible assets are de-recognised either on
their disposal or where no future economic
benefits are expected from their use. Losses
arising on such de-recognition are recorded
in the profit or loss and are measured as
the difference between the net disposal
proceeds, if any, and the carrying amount of
respective intangible assets as at the date of
de-recognition.

1.6 Impairment of non-financial assets

The Company assesses, at each reporting date,
whether there is an indication that an asset may be
impaired. If any indication exists, or when annual
impairment testing for an asset is required, the
Company estimates the asset''s recoverable amount.
An asset''s recoverable amount is the higher of an
asset''s cash-generating unit''s (CGU) fair value less
costs of disposal and its value-in-use. Recoverable
amount is determined for an individual asset, unless
the asset does not generate cash inflows that are
largely independent of those from other assets or
groups of assets. When the carrying amount of an
asset or CGU exceeds its recoverable amount, the
asset is considered impaired and is written down to
its recoverable amount. Assessment is also done at
each Balance Sheet date as to whether there is any
indication that an impairment loss recognised for
an asset in prior accounting periods may no longer
exist or may have decreased. Basis the assessment,
a reversal of an impairment loss for an asset other
than goodwill is recognised in the standalone
Statement of Profit and Loss.

Impairment losses are recognised in the standalone
statement of profit and loss.

1.7 Borrowing costs

Borrowing costs consists of interest, ancillary costs
and other costs in connection with the borrowing
of funds and exchange differences arising from
foreign currency borrowings to the extent they are
regarded as an adjustment to interest costs.

Borrowing costs attributable to acquisition and/or
construction of qualifying assets are capitalised
as a part of the cost of such assets, up to the date
such assets are ready for their intended use. Other
borrowing costs are charged to the standalone
statement of profit and loss.

1.8 Foreign currency transactions and balances

Transactions in foreign currencies are translated
to the functional currency of the Company at
exchange rates at the dates of the transactions.

Foreign exchange gains and losses resulting from
the settlement of such transactions and from
the translation of monetary items denominated
in foreign currency at prevailing reporting date
exchange rates are recognised in standalone
statement of profit and loss. Non-monetary items
are measured at historical cost (translated using
the exchange rates at the transaction date), except
for non-monetary items measured at fair value
which are translated using the exchange rates at
the date when fair value was determined.

1.9 Inventories

Inventories consists of raw materials and
components, stores and spares, work-in-progress
and finished goods and are measured at the lower
of cost and net realizable value after providing for
obsolescence, if any.

Cost includes expenditures incurred in acquiring
the inventories, production or conversion costs
and other costs incurred in bringing them to their
existing location and condition. In the case of
finished goods and work-in-progress, cost includes
an appropriate share of overheads based on
normal operating capacity.

Cost of inventories is determined on a weighted
moving average basis. Net realizable value is the
estimated selling price in the ordinary course of
business, less the estimated costs of completion
and costs necessary to make the sale.

Raw materials and packing materials are
considered at replacement cost if the finished
products, in which they will be used, are expected
to be sold at or above cost. Stores and spares are
inventories that do not qualify to be recognised
as property, plant and equipment and consists of
packing materials, engineering spares (such as
machinery spare parts), which are used in operating
machines or consumed as indirect materials in the
manufacturing process.

1.10 Revenue recognition

A contract with a customer exists only when: the
parties to the contract have approved it and are
committed to perform their respective obligations,
the Company can identify each party''s rights
regarding the distinct goods or services to be
transferred (“performance obligations”), the
Company can determine the transaction price for
the goods or services to be transferred, the contract
has commercial substance and it is probable that
the Company will collect the consideration to

which it will be entitled in exchange for the goods
or services that will be transferred to the customer.

Revenues are recorded in the amount of
consideration to which the Company expects to be
entitled in exchange for performance obligations
upon transfer of control to the customer and is
measured at the amount of transaction price
allocated to that performance obligation. The
transaction price of goods sold and services
rendered is net of estimated incentives, returns,
rebates and applicable trade discounts,
allowances, Goods and Services Tax (GST) and
amounts collected on behalf of third parties.

(i) Sale of products

The majority of customer contracts that
the Company enters into consist of a single
performance obligation for the delivery of
products. The Company recognise revenue
from product sales when control of the product
transfers, generally upon shipment or delivery,
to the customer. The Company records
product sales net of estimated incentives/
discounts, returns, and other related charges.
These are generally accounted for as variable
consideration estimated in the same period
the related sales occur. The methodology
and assumptions used to estimate rebates
and returns are monitored and adjusted
regularly in the light of contractual and legal
obligations, historical trends, past experience
and projected market conditions. The revenue
for such variable consideration is included in
the Company''s estimate of the transaction
price only if it is highly probable that a
significant reversal of revenue will not occur
once any uncertainty is resolved. In making
this assessment the Company considers its
historical record of performance on similar
contracts. The entire revenue from sale of
products is recognised at a point in time.

(ii) Interest income

Interest income from a financial asset is
recognised when it is probable that the
economic benefits will flow to the Company
and the amount of income can be measured
reliably. Interest income is accrued on a time
basis, by reference to the principle outstanding
and at the effective interest rate applicable,

which is the rate that discounts estimated
future cash receipts through the expected
life of the financial asset to that asset''s net
carrying amount on initial recognition.

(iii) Other income

Other income consists of miscellaneous
income and is recognised when it is probable
that economic benefits will flow to the
Company and amount of income can be
measured reliably.

l.H Employee benefits

(i) Short-term employee benefits

All employee benefits payable wholly within
twelve months of rendering the service are
classified as short-term employee benefits.
Benefits such as salaries, wages etc., and the
expected cost of ex-gratia are recognised in
the period in which the employee renders the
related service. A liability is recognised for the
amount expected to be paid if the Company
has a present legal or constructive obligation
to pay this amount as a result of past service
provided by the employee and the obligation
can be estimated reliably.

(ii) Defined contribution

Post-retirement contribution plans such as
Employees'' Provident Fund, Employees'' Pension
Scheme, Labour Welfare Fund, Employee State
Insurance Corporation (ESIC) are charged to
the standalone statement of profit and loss for
the period when the related employee services
are received. The Company does not have any
obligation other than the contribution made.

(iii) Defined benefit plans
Gratuity obligations

Post-retirement benefit plans such as gratuity
is determined on the basis of actuarial
valuation made by an independent actuary
as at the reporting date. Re-measurement,
comprising actuarial gains and losses, the
effect of the changes to the asset ceiling (if
applicable) and the return on plan assets
(excluding net interest), is recognised in other
comprehensive income in the period in which
they occur. Re-measurement recognised in
other comprehensive income is included in
retained earnings and will not be reclassified
to standalone statement of profit and loss.

The present value of the defined benefit
obligation is determined by discounting the
estimated future cash outflows by reference
to market yields at the end of the reporting
period on government bonds that have

terms approximating to the terms of the
related obligation.

The net interest cost is calculated by applying
the discount rate to the net balance of the
defined benefit obligation and the fair value of
plan assets. This cost is included in employee
benefit expense in the standalone statement
of profit and loss.

Changes in the present value of the defined
benefit obligation resulting from plan
amendments or curtailments are recognised
immediately in standalone statement of profit
and loss as past service cost.

(iv) Other benefit plans

Liability in respect of compensated absences
becoming due or expected to be availed
within one year from the reporting date is
recognised on the basis of undiscounted value
of estimated amount required to be paid or
estimated value of benefit expected to be
availed by the employees. Liability in respect
of compensated absences becoming due or
expected to be availed more than one year
after the reporting date is estimated on the
basis of an actuarial valuation performed by
an independent actuary using the projected
unit credit method at the year-end. Actuarial
gains/losses are immediately taken to the
standalone statement of profit and loss and
are not deferred. The obligations are presented
as current liabilities in the balance sheet if the
entity does not have an unconditional right
to defer settlement for at least twelve months
after the reporting period, regardless of when
the actual settlement is expected to occur.

1.12 Taxes

Tax expense comprises of current tax expense and
deferred tax expense/benefit. Current and deferred
taxes are recognised in standalone statement of
profit and loss, except when they relate to items
that are recognised in other comprehensive
income or directly in equity, in which case, the
current and deferred tax are also recognised in
other comprehensive income or directly in equity.

(i) Current income-tax

Current income-tax is the amount of tax
payable on the taxable income for the year as
determined in accordance with the provisions
of the applicable income-tax law. The current
tax is calculated using tax rates that have
been enacted or substantively enacted, at

the reporting date, and any adjustment to tax
payable in respect of previous years. Current
tax assets and tax liabilities are offset where
the entity has a legally enforceable right to
offset and intends either to settle on a net
basis, or to realise the asset and settle the
liability simultaneously.

(ii) Deferred tax

Deferred tax is recognised using the Balance
Sheet approach on temporary differences
arising between the tax bases of assets and
liabilities and their carrying amounts.

A deferred tax liability is recognised based
on the expected manner of realisation or
settlement of the carrying amount of assets
and liabilities, using tax rates enacted, or
substantively enacted, by the end of the
reporting period.

Deferred tax assets are recognised to the
extent that it is probable that taxable profit
will be available against which the deductible
temporary differences, and the carry forward
of unused tax credits and unused tax losses
can be utilised, except when the deferred tax
asset relating to the deductible temporary
difference arises from the initial recognition
of an asset or liability in a transaction that is
not a business combination and, at the time of
the transaction, affects neither the accounting
profit nor taxable loss.

The carrying amount of deferred tax assets is
reviewed at each reporting date and reduced
to the extent that it is no longer probable that
sufficient taxable profit will be available to
allow all or part of the deferred tax asset to be
utilised. Unrecognised deferred tax assets are
re-assessed at each reporting date and are
recognised to the extent that it has become
probable that future taxable profits will allow
the deferred tax asset to be recovered.

Deferred tax assets and liabilities are
measured using substantively enacted tax
rates expected to apply to taxable income in
the years in which the temporary differences
are expected to be recovered or settled.

Deferred tax assets and liabilities are offset
when there is a legally enforceable right to
offset current tax assets and liabilities.

1.13 Leases

The determination of whether an arrangement is

(or contains) a lease is based on the substance of

the arrangement at the inception of the lease. The
arrangement is, or contains, a lease if fulfillment
of the arrangement is dependent on the use of
a specific asset or assets and the arrangement
conveys a right to use the asset or assets, even if that
right is not explicitly specified in an arrangement.

Company as a lessee

The Company''s lease asset classes primarily
consist of leases for factory buildings and
commercial premises. The Company assesses
whether a contract contains a lease, at inception
of a contract. A contract is, or contains, a lease if
the contract conveys the right to control the use of
an identified asset for a period of time in exchange
for consideration. To assess whether a contract
conveys the right to control the use of an identified
asset, the Company assesses whether: (i) the
contract involves the use of an identified asset (ii)
the Company has substantially all of the economic
benefits from use of the asset through the period
of the lease and (iii) the Company has the right to
direct the use of the asset.

At the date of commencement of the lease, the
Company recognises a right-of-use asset (“ROU”)
and a corresponding lease liability for all lease
arrangements in which it is a lessee, except for
leases with a term of twelve months or less (short¬
term leases) and low value leases. For these short¬
term and low value leases, the Company recognises
the lease payments as an operating expense on a
straight-line basis over the term of the lease.

Certain lease arrangements includes the options
to extend or terminate the lease before the end
of the lease term. ROU assets and lease liabilities
includes these options when it is reasonably certain
that they will be exercised. The right-of-use assets
are initially recognised at cost, which comprises
the initial amount of the lease liability adjusted
for any lease payments made at or prior to the
commencement date of the lease plus any initial
direct costs less any lease incentives. They are
subsequently measured at cost less accumulated
depreciation and impairment losses.

Right-of-use assets are depreciated from the
commencement date on a straight-line basis over
the shorter of the lease term and useful life of the
underlying asset. Right of use assets are evaluated
for recoverability whenever events or changes in
circumstances indicate that their carrying amounts
may not be recoverable.

The lease liability is initially measured at amortised
cost at the present value of the future lease

payments. The lease payments are discounted
using the interest rate implicit in the lease or, if
not readily determinable, using the incremental
borrowing rates in the country of domicile of these
leases. Lease liabilities are remeasured with a
corresponding adjustment to the related right of
use asset if the Company changes its assessment
if whether it will exercise an extension or a
termination option.

Lease liability and ROU asset have been separately
presented in the Balance Sheet and lease payments
have been classified as financing cash flows.

1.14 Cash and cash equivalents

Cash and cash equivalents comprise cash on hand
and cash at bank including fixed deposit with
original maturity period of three months or less and
short-term highly liquid investments with an original
maturity of three months or less.

1.15 Cash flow statement

Cash flows are reported using the indirect method,
where by profit before tax is adjusted for the
effects of transactions of a non-cash nature, any
deferrals or accruals of past or future operating
cash receipts or payments and item of income or
expense associated with investing or financing
cash flows. The cash flows from operating,
investing and financing activities of the Company
are segregated.