Trident Lifeline Ltd. కంపెనీ అకౌంటింగ్ విధానాలు

Mar 31, 2025

2. Significant Accounting Policies:

A. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance
with the applicable Accounting Standards notified under
Section 133 of the Companies Act, 2013 read with Rule 7
of Companies (Accounts Rules), 2014 under historical cost
convention on accrual basis. All the assets and liabilities have
been classified as current or non-current as per Company''s
normal operating cycle and other criteria set out in the
Schedule-III to the Companies Act, 2013. Based on the nature
of activities, the Company has ascertained its operating cycle
as 12 months for the purpose of current and non-current
classification of assets and liabilities.

B. Use of Estimates

The preparation of the financial statements is in conformity
with Indian GAAP (Generally Accepted Accounting Principles)
which requires the management to make estimates and

assumptions that affect the reported amounts of assets and
liabilities and disclosures of contingent liabilities as on the date
of the financial statements. The estimates and assumptions
made and applied in preparing the financial statements
are based upon management''s best knowledge of current
events and actions as on the date of financial statements.
However, due to uncertainties attached to the assumptions
and estimates made actual results could differ from those
estimates. Any revision to accounting estimates is recognised
prospectively in current and future periods.

C. Property, Plant and Equipment and Intangible Assets

(i) Tangible Assets

Property, plant and equipment are stated at historical cost
less accumulated depreciation, and accumulated impairment
loss, if any. Historical cost comprises of the purchase price
including duties and non-refundable taxes, borrowing cost if
capitalization criteria are met, directly attributable expenses
incurred to bring the asset to the location and condition
necessary for it to be capable of being operated in the
manner intended by management and initial estimate of
decommissioning, restoring and similar liabilities.

Subsequent costs related to an item of property, plant and

equipment are recognized as a separate asset, as appropriate,
only when it is probable that future economic benefits
associated with the item will flow to the group and the cost of
the item can be measured reliably. The carrying amount of any
component accounted for as a separate asset is derecognized
when replaced. All other repairs and maintenance are
recognized in statement of profit and loss during the reporting
period when they are incurred.

An item of property, plant and equipment is derecognized on
disposal or when no future economic benefits are expected
from its use or disposal. The gains or losses arising from de¬
recognition are measured as the difference between the net
disposal proceeds and the carrying amount of the asset and
are recognized in the statement of profit and loss when the
asset is de-recognized.

Tangible assets are stated at cost net of recoverable taxes,

trade discounts and rebates and machinery including any
claims, less accumulated depreciation and impairment loss,
if any. The cost of tangible assets comprises for its purchase
price, borrowing cost and any other cost directly attributable
to bringing the asset to its working condition for its intended
use. Subsequent expenditures related to an item of tangible
assets are added to its book value only if they increase the
future benefits from the existing assets beyond its previously
assessed of standard performance.

(ii) Intangible Assets

Intangible assets include software/application which are
developed and are measured on the basis of cost incurred for
its development. The cost of intangible assets in our business
combination is the capitalized value of the cost incurred to
develop the asset till it is put to use. Such costs include salary
of professional personnel hired, project expenses, research
costs, etc. Following initial recognition, intangible assets are
carried at cost less any accumulated amortization.

An item of intangible asset is derecognized on disposal or
when no future economic benefits are expected from its use

or disposal. The gains or losses arising from de-recognition are
measured as the difference between the net disposal proceeds
and the carrying amount of the asset and are recognized in the
statement of profit and loss when the asset is derecognized.

Subsequent costs related to intangible assets are recognised
as a separate asset, as appropriate, only when 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.

D. Depreciation, Amortisation and Depletion

Depreciation is calculated using the Straight Line value method over their estimated useful lives after deducting residual value of
the asset. The estimates of useful lives of tangible assets are as follows:

E. Imprairment of Assets

Assessment is done at each Balance Sheet date as to whether
there is any indication that a tangible asset might be impaired.
For the purpose of assessing impairment, the smallest

identifiable group of assets that generates cash inflows from
continuing use that are largely independent of the cash flows
from other assets or other group of assets, is considered as a
cash generating unit. If any such indication exists, an estimate
of the recoverable amount of asset/cash generating unit is
made.

Assets whose carrying value exceeds their recoverable amount
are written down to recoverable amount. Recoverable amount
is higher of an asset''s or cash generating unit''s net selling
price and its value in use. Value in use is the present value
of estimated future cash flows expected to arise from the
continuing use of an asset and from its disposal at the end of
its useful life. Assessment is also done at each Balance Sheet
date as to whether there is any indication that an impairment
loss recognized for an asset in prior accounting period may no
longer exist or may have decreased.

F. Investments

Current investments are carried at lower of cost and quoted/
fair value, computed category-wise. Long-term investments

stated at cost. Provision for diminution in the value of Long¬
term investment is made only if such a decline is other than
temporary.

G. Segment Reporting

Operating Segment are reported in a manner consistent
with the internal reporting provided to the directors of
the company. The directors of the company is responsible
for allocating resources and assessing performance of the
operating segments.

H. Inventories

Inventories of traded goods are valued at lower of cost and
net realizable value. Cost comprises of all costs of purchase
and other costs incurred in bringing the inventories to their
present location and condition. Cost formula used is FIFO. Net
realizable value is the estimated selling price in the ordinary
course of business, less estimated cost necessary to make the
sale.

I. Revenue Recognition

Revenue is recognised only when risks and rewards incidental

to ownership are transferred to the customer, it can be reliably
measured and it is reasonable to expect ultimate collection.
Revenue from operations includes sale of goods, services and

sales during trial run period, adjusted for discounts (net), and
gain/loss on corresponding hedge contracts.

Interest income is recognised on a time proportion basis taking

into account outstanding and the interest rate applicable.

J. Employee Benefits

(i) Short-term employee benefits

Short term employee benefits are recognised as an expense
at the undiscounted amounted in the statement of Profit and
loss for the year which includes benefits like salary, wages,
bonus and are recognised as expenses in the period in which
the employee renders the related service

(ii) Post-employment benefits:

Defined Contribution Plan

The Company has Defined Contribution Plans for Post¬
employment benefits in the form of Provident Fund for all
employees which are administered by Regional Provident Fund
Commissioner. Provident Fund and Employee State Insurance

are classified as defined contribution plans as the Company
has no further obligation beyond making the contributions.
The Company''s contributions to Defined Contribution plans

are charged to the Statement of Profit and Loss as and when
incurred.

Defined benefit Plans

Unfunded Plan: The Company has a defined benefit plan for
Post-employment benefit in the form of Gratuity. Liability

for the above defined benefit plan is provided on the basis
of valuation, as at the Balance Sheet date, carried out by an
independent actuary. The actuarial method used for measuring
the liability is the Projected Unit Credit method.

K. Borrowing Costs

Borrowing costs are interest, commitment charges and other
costs incurred by an enterprise in connection with Short
Term/Long Term borrowing of funds. Borrowing cost directly
attributable to acquisition or construction of qualifying assets
are capitalized as a part of the cost of the assets, upto the date
the asset is ready for its intended use. All other borrowing
costs are recognized in the Statement of Profit and Loss in the
year in which they are incurred.

L. Income Taxes

Tax expense for the year comprising current tax & deferred
tax are considered in determining the net profit for the
year. Provision is made for current tax based on tax liability
computed in accordance with relevant tax laws applicable to

the Company. Provision is made for deferred tax for all timing
difference arising between taxable incomes & accounting
income at currently enacted or substantively enacted tax
rates, as the case may be. Deferred tax assets (other than
in situation of unabsorbed depreciation and carry forward
losses) are recognized only if there is reasonable certainty that
they will be realized and are

reviewed for the appropriateness of their respective carrying

values at each Balance Sheet date. Deferred tax assets, in
situation of unabsorbed depreciation and carry forward
losses under tax laws are recognised only to the extent that
where is virtual certainty supported by convincing evidence
that sufficient future taxable income will be available against
which such deferred tax assets can be recognised. Deferred
Tax Assets and Deferred Tax Liability are been offset wherever
the Company has a legally enforceable right to set off current
tax assets against current tax liability and where the Deferred
Tax Asset and Deferred Tax Liability relate to Income taxes is
levied by the same taxation authority.

M. Earnings Per Share

The earnings in ascertaining the Company''s EPS comprises the
net profit after tax attributable to equity shareholders and
includes the post-tax effect of any extraordinary items. The
number of shares used in computing basic EPS is the weighted

average number of shares outstanding during the year.

Diluted earnings per share is computed by dividing the profit/

(loss) after tax attributable to Equity Shareholders (including
the post-tax effect of extra ordinary items, if any) as adjusted
for dividend, interest and other charges to expense or income
relating to the dilutive potential equity shares, by the weighted
average number of equity shares which could have been
issued on conversion of all dilutive potential equity shares.
Potential equity shares are deemed to be dilutive only if their
conversion to equity shares would decrease the net profit per

share from continuing ordinary operations. Potential dilutive
equity shares are deemed to be converted as at the beginning
of the period, unless they have been issued at a later date.
Dilutive potential equity shares are determined independently

for each period.

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Mar 31, 2024

2. Significant Accounting Policies:

A. Basis of Preparation of Financial Statements:

The financial statements have been prepared in accordance with the applicable Accounting Standards notified under Section 133 of the Companies Act, 2013 read with Rule 7 of Companies (Accounts Rules), 2014 under historical cost convention on accrual basis. All the assets and liabilities have been classified as current or non-current as per Company''s normal operating cycle and other criteria set out in the Schedule-III to the Companies Act, 2013. Based on the nature of activities, the Company has ascertained its operating cycle as 12 months for the purpose of current and non-current classification of assets and liabilities.

B. Use of Estimates:

The preparation of the financial statements is in conformity with Indian GAAP (Generally Accepted Accounting Principles) which requires the management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent liabilities as on the date of the

financial statements. The estimates and assumptions made and applied in preparing the financial statements are based upon management''s best knowledge of current events and actions as on the date of financial statements. However, due to uncertainties attached to the assumptions and estimates made actual results could differ from those estimates. Any revision to accounting estimates is recognised prospectively in current and future periods.

C. Property, Plant and Equipment and Intangible Assets:

(i) Tangible Assets

Property, plant and equipment are stated at historical cost less accumulated depreciation, and accumulated impairment loss, if any. Historical cost comprises of the purchase price including duties and non-refundable taxes, borrowing cost if capitalization criteria are met, directly attributable expenses incurred to bring the asset to the location and condition necessary for it to be capable of being operated in the manner intended by management and initial estimate of decommissioning, restoring and similar liabilities.

Subsequent costs related to an item of property, plant and equipment are recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the group and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognized when replaced. All other repairs and maintenance are recognized in statement of profit and loss during the reporting period when they are incurred.

An item of property, plant and equipment is derecognized on disposal or when no future economic benefits are expected from its use or disposal. The gains or losses arising from de-recognition are measured as the difference between the net disposal proceeds and the carrying amount of the asset and are recognized in the statement of profit and loss when the asset is de-recognized.

Tangible assets are stated at cost net of recoverable taxes, trade discounts and rebates and machinery including any claims, less accumulated depreciation and impairment loss, if any. The cost of tangible assets comprises for its purchase price, borrowing cost and any other cost directly attributable to bringing the asset to its working condition for its intended use. Subsequent expenditures related to an item of tangible assets are added to its book value only if they increase the future benefits from the existing assets beyond its previously assessed of standard performance.

(ii) Intangible Assets

Intangible assets include software/application which are developed and are measured on the basis of cost incurred for its development. The cost of intangible assets in our business combination is the capitalized value of the cost incurred to develop the asset till it is put to use. Such costs include salary of professional personnel hired, project expenses, research costs, etc. Following initial recognition, intangible assets are carried at cost less any accumulated amortization.

An item of intangible asset is derecognized on disposal or when no future economic benefits are expected from its use or disposal. The gains or losses arising from de-recognition are measured as the difference between the net disposal proceeds and the carrying amount of the asset and are recognized in the statement of profit and loss when the asset is derecognized.

Subsequent costs related to intangible assets are recognised as a separate asset, as appropriate, only when 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.

D. Depreciation, Amortisation and Depletion:

Depreciation is calculated using the Straight Line value method over their estimated useful lives after deducting residual value of the asset. The estimates of useful lives of tangible assets are as follows:

E. Imprairment of Assets:

Assessment is done at each Balance Sheet date as to whether there is any indication that a tangible asset might be impaired. For the purpose of assessing impairment, the smallest identifiable group of assets that generates cash inflows from continuing use that

are largely independent of the cash flows from other assets or other group of assets, is considered as a cash generating unit. If any such indication exists, an estimate of the recoverable amount of asset/cash generating unit is made.

Assets whose carrying value exceeds their recoverable amount are written down to recoverable amount. Recoverable amount is higher of an asset''s or cash generating unit''s net selling price and its value in use. Value in use is the present value of estimated future cash flows expected to arise from the continuing use of an asset and from its disposal at the end of its useful life. Assessment is also done at each Balance Sheet date as to whether there is any indication that an impairment loss recognized for an asset in prior accounting period may no longer exist or may have decreased.

F. Investments:

Current investments are carried at lower of cost and quoted/fair value, computed category-wise. Long-term investments stated at cost. Provision for diminution in the value of Long-term investment is made only if such a decline is other than temporary.

G. Segment Reporting:

Operating Segment are reported in a manner consistent with the internal reporting provided to the directors of the Company. The directors of the Company is responsible for allocating resources and assessing performance of the operating segments.

H. Inventories:

Inventories of traded goods are valued at lower of cost and net realizable value. Cost comprises of all costs of purchase and other costs incurred in bringing the inventories to their present location and condition. Cost formula used is FIFO. Net realizable value is the estimated selling price in the ordinary course of business, less estimated cost necessary to make the sale.

I. Revenue Recognition:

Revenue is recognised only when risks and rewards incidental to ownership are transferred to the customer, it can be reliably measured and it is reasonable to expect ultimate collection. Revenue from operations includes sale of goods, services and sales during trial run period, adjusted for discounts (net), and gain/loss on corresponding hedge contracts.

Interest income is recognised on a time proportion basis taking into account outstanding and the interest rate applicable.

J. Employee Benefits:

(i) Short-term employee benefits

Short-term employee benefits are recognised as an expense at the undiscounted amounted in the statement of Profit and loss for the year which includes benefits like salary, wages, bonus and are recognised as expenses in the period in which the employee renders the related service.

(ii) Post-employment benefits

Defined Contribution Plan

The Company has Defined Contribution Plans for Postemployment benefits in the form of Provident Fund for all employees which are administered by Regional Provident Fund Commissioner. Provident Fund and Employee State Insurance are classified as defined contribution plans as the Company has no further obligation beyond making the contributions. The Company''s contributions to Defined Contribution plans are charged to the Statement of Profit and Loss as and when incurred.

Defined benefit Plans

Unfunded Plan: The Company has a defined benefit plan for Post-employment benefit in the form of Gratuity. Liability for the above defined benefit plan is provided on the basis of valuation, as at the Balance Sheet date, carried out by an independent actuary. The actuarial method used for measuring the liability is the Projected Unit Credit method.

K. Borrowing Costs:

Borrowing costs are interest, commitment charges and other costs incurred by an enterprise in connection with Short-Term/Long-Term borrowing of funds. Borrowing cost directly attributable to acquisition or construction of qualifying assets are capitalized as a part of the cost of the assets, upto the date the asset is ready for its intended use. All other borrowing costs are recognized in the Statement of Profit and Loss in the year in which they are incurred.

L. Income Taxes:

Tax expense for the year comprising current tax & deferred tax are considered in determining the net profit for the year. Provision is made for current tax based on tax liability computed in accordance with relevant tax laws applicable to the Company. Provision is made for deferred tax for all timing difference arising between taxable incomes & accounting income at currently enacted or substantively enacted tax rates,

as the case may be. Deferred tax assets (other than in situation of unabsorbed depreciation and carry forward losses) are recognized only if there is reasonable certainty that they will be realized and are reviewed for the appropriateness of their respective carrying values at each Balance Sheet date. Deferred tax assets, in situation of unabsorbed depreciation and carry forward losses under tax laws are recognised only to the extent that where is virtual certainty supported by convincing evidence that sufficient future taxable income will be available against which such deferred tax assets can be recognised. Deferred Tax Assets and Deferred Tax Liability are been offset wherever the Company has a legally enforceable right to set off current tax assets against current tax liability and where the Deferred Tax Asset and Deferred Tax Liability relate to Income taxes is levied by the same taxation authority.

M. Earnings Per Share:

The earnings in ascertaining the Company''s EPS comprises the net profit after tax attributable to equity shareholders and includes the post-tax effect of any extraordinary items. The number of shares used in computing basic EPS is the weighted average number of shares outstanding during the year.

Diluted earnings per share is computed by dividing the profit/(loss) after tax attributable to Equity Shareholders (including the post-tax effect of extra ordinary items, if any) as adjusted for dividend, interest and other charges to expense or income relating to the dilutive potential equity shares, by the weighted average number of equity shares which could have been issued on conversion of all dilutive potential equity shares. Potential equity shares are deemed to be dilutive only if their conversion to equity shares would decrease the net profit per share from continuing ordinary operations. Potential dilutive equity shares are deemed to be converted as at the beginning of the period, unless they have been issued at a later date. Dilutive potential equity shares are determined independently for each period.