Atul Ltd 2018-19

Note 29.9 Capital management Risk Management ¹ĺĚ ƎƑĿŞîƑǋ ūċŏĚČƥĿǄĚ ūlj ČîƎĿƥîŕ ŞîŠîijĚŞĚŠƥ ūlj ƥĺĚ HƑūƭƎ Ŀƙ ƥū ŞîǊĿŞĿƙĚ ƙĺîƑĚĺūŕēĚƑ ǄîŕƭĚȦ ¹ĺĚ HƑūƭƎ ŞūŠĿƥūƑƙ ČîƎĿƥîŕ ƭƙĿŠij Debt-Equity ratio which is total debt divided by total equity. For the purpose of capital management, the Group considers the following components of its Balance Sheet to manage capital: Total equity includes general reserve, retained earnings, share capital, security premium. Total debt includes current debt plus non-current debt. ( ` cr) Particulars As at March 31, 2019 As at March 31, 2018 Total debt ǫǪȦǭǫ 15.91 Total equity 2,705.71 ǨȡǨǪǩȦǯǨ Debt-Equity ratio 0.02 0.01 sūƥĚ ǨǯȦǧǦ ~ljljƙĚƥƥĿŠij ǛŠîŠČĿîŕ îƙƙĚƥƙ îŠē ŕĿîċĿŕĿƥĿĚƙ ¹ĺĚ ċĚŕūǅ sūƥĚ ƎƑĚƙĚŠƥƙ ƥĺĚ ƑĚČūijŠĿƙĚē îƙƙĚƥƙ ƥĺîƥ îƑĚ ūljljƙĚƥ ūƑ ƙƭċŏĚČƥ ƥū ĚŠljūƑČĚîċŕĚ ŞîƙƥĚƑ ŠĚƥƥĿŠij îƑƑîŠijĚŞĚŠƥƙ îŠē other similar agreements, but not offset as at March 31, 2019 and March 31, 2018. a) Collateral against borrowings The Group has hypothecated | mortgaged assets as collateral against a number of its sanctioned line of credit. Refer Note ǧǬ ljūƑ ljƭƑƥĺĚƑ ĿŠljūƑŞîƥĿūŠ ūŠ ǛŠîŠČĿîŕ îŠē ŠūŠȹǛŠîŠČĿîŕ ČūŕŕîƥĚƑîŕ ĺǋƎūƥĺĚČîƥĚē ʈ ŞūƑƥijîijĚē îƙ ƙĚČƭƑĿƥǋȦ b) Master netting arrangements – not currently enforceable ijƑĚĚŞĚŠƥƙ ǅĿƥĺ ēĚƑĿǄîƥĿǄĚ ČūƭŠƥĚƑƎîƑƥĿĚƙ îƑĚ ċîƙĚē ūŠ îŠ T¬' qîƙƥĚƑ ijƑĚĚŞĚŠƥȦ ÀŠēĚƑ ƥĺĚ ƥĚƑŞƙ ūlj ƥĺĚƙĚ arrangements, only where certain credit events occur (such as default ), the net position owing | receivable to a single counterparty in the same currency will be taken as owing and all the relevant arrangements terminated. As the Group does not presently have a legally enforceable right of set-off, these amounts have not been offset in the Balance Sheet. Note 29.11 Earnings per share Earnings per share (EPS) - The numerators and denominators used to calculate basic and diluted EPS Particulars 2018-19 2017-18 ¡ƑūǛƥ ljūƑ ƥĺĚ ǋĚîƑ îƥƥƑĿċƭƥîċŕĚ ƥū ƥĺĚ ĚƐƭĿƥǋ ƙĺîƑĚĺūŕēĚƑƙ ` cr ǪǩǬȦǦǨ ǨǮǧȦǨǪ Basic | weighted average number of equity shares outstanding during the year Number 2,96,61,733 2,96,61,733 Nominal value of equity share ` 10 10 Basic and diluted EPS ` ǧǪǭȦǦǦ ǯǪȦǮǨ Note 29.12 Leases a) Operating lease ¹ĺĚ HƑūƭƎ ĺîƙ ƥîŒĚŠ ǄîƑĿūƭƙ ƑĚƙĿēĚŠƥĿîŕ îŠē ūljǛČĚ ƎƑĚŞĿƙĚƙ ƭŠēĚƑ ūƎĚƑîƥĿŠij ŕĚîƙĚ ūƑ ŕĚîǄĚ îŠē ŕĿČĚŠƙĚ îijƑĚĚŞĚŠƥƙȦ ¹ĺĚƙĚ îƑĚ ijĚŠĚƑîŕŕǋ ČîŠČĚŕŕîċŕĚȡ ĺîǄĚ î ƥĚƑŞ ċĚƥǅĚĚŠ ǧǧ ŞūŠƥĺƙ îŠē ƥĺƑĚĚ ǋĚîƑƙ îŠē ĺîǄĚ Šū ƙƎĚČĿǛČ ūċŕĿijîƥĿūŠ ljūƑ ƑĚŠĚǅîŕȦ ¡îǋŞĚŠƥƙ îƑĚ ƑĚČūijŠĿƙĚē ĿŠ ƥĺĚ ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ ƭŠēĚƑ Ƀ¤ĚŠƥɄ ĿŠ sūƥĚ ǨǮȦ b) Finance lease ¹ĺĚ HƑūƭƎ ĺîƙ ƥîŒĚŠ ūŠ ŕĚîƙĚ î ƎîƑČĚŕ ūlj ŕîŠē ljƑūŞ HƭŏîƑîƥ TŠēƭƙƥƑĿîŕ 'ĚǄĚŕūƎŞĚŠƥ ūƑƎūƑîƥĿūŠ ljūƑ î ƎĚƑĿūē ūlj ǯǯ ǋĚîƑƙ ǅĿƥĺ îŠ ūƎƥĿūŠ ƥū ĚǊƥĚŠē ƥĺĚ ŕĚîƙĚ ċǋ îŠūƥĺĚƑ ǯǯ ǋĚîƑƙ ūŠ ĚǊƎĿƑǋ ūlj ŕĚîƙĚ îƥ î ƑĚŠƥîŕ ƥĺîƥ Ŀƙ ǧǦǦɼ ĺĿijĺĚƑ ƥĺîŠ ƥĺĚ ČƭƑƑĚŠƥ rental. The Group has considered that such a lease of land transfers substantially all of the risks and rewards incidental to ūǅŠĚƑƙĺĿƎ ūlj ŕîŠēȡ îŠē ĺîƙ ƥĺƭƙ îČČūƭŠƥĚē ljūƑ ƥĺĚ ƙîŞĚ îƙ ǛŠîŠČĚ ŕĚîƙĚȦ Note 29.13 Rounding off Figures less than ` 50,000 have been shown at actual in brackets. Consolidated | Notes to the Financial Statements 237