Roopshri Resorts Ltd. కంపెనీ అకౌంటింగ్ విధానాలు

Mar 31, 2024

C. SIGNIFICANT ACCOUNTING POLICIES

This notes provides a list of significant accounting policies adopted in the preparation of these financial statements. These policies have been consistently applied to all the
years presented, unless otherwise stated.

a. Property, plant & equipment

Property, plant & equipments are stated at cost, less accumulated depreciation and impairment losses if any. Cost comprises the purchase price and any attributable cost of
bringing the asset to its working condition for its intended use.

b. Depreciation

Depreciation on property, plant & equipments has been provided on the straight line method as per the useful life prescribed in Schedule II to the Companies Act, 2013.

c. Revenue Recognition

Revenue recognition is mainly concerned with the timing of recognition of revenue in the statement of profit and loss of an enterprise. The amount of revenue arising on a
transaction is usually determined by agreement between the parties involved in the transaction. When uncertainties exist regarding the determination of the amount, or its
associated costs, these uncertainties may influence the timing of revenue.

Having regard to size, nature and complexity of business and practices followed by others in same line and level of the business, the management is of opinion that Company
is applying accrual basis of accounting for recognition of Income and Expenditure earned or incurred respectively, in the normal course of business.

d. Taxes

Tax expense comprises of current and deferred tax. Current income tax is measured at the amount expected to be paid to the tax authorities in accordance with the Income-tax
Act, 1961.

Deferred Income taxes reflects the impact of current year timing differences between taxable income and accounting income for the period and reversal of timing differences
of earlier years.

e. Earnings Per Share:

The Company reports basic and diluted earnings per share in accordance with Accounting Standard (AS) 20, Earnings per Share notified by the Companies (Accounting
Standards) Rules, 2006. Basic earnings per equity share are computed by dividing the net profit for the relevant period attributable to the Equity Shareholders by the
weighted average number of equity shares outstanding during that period. Diluted earnings per share is computed by dividing the net profit for the relevant period, adjusted
for the effects of dilutive potential equity shares, attributable to the Equity Shareholders by the weighted average number of the equity shares and dilutive potential equity
shares outstanding during that period except where the results are anti-dilutive.

f. Employee Benefits

Retirement benefits in the form of Provident Fund are a defined contribution scheme and the contributions are recognized when the contributions to respective funds are due.

g. Cash and cash equivalents (for purposes of cash flow statement)

Cash comprises cash on hand and demand deposits with banks. Cash equivalents are short term balances (with an original maturity of three months or less from the date of
acquisition), highly liquid investments that are readily convertible into known amounts of cash and which are subject to insignificant risk of change in value.