Atul Ltd 2020-21

151 Statutory Report 22 - 87 Financial Statements 88 - 229 Corporate Overview 01 - 21 Note 28.11 Earnings per share Earnings per share (EPS) - The numerators and denominators used to calculate basic and diluted EPS: Particulars 2020-21 2019-20 Profit for the year attributable to the equity shareholders ` cr 630.89 640.17 Weighted average number of equity shares used in calculating basic | diluted EPS 1 Number 2,96,49,628 2,96,61,733 Nominal value of equity share ` 10 10 Basic and diluted EPS ` 212.78 215.82 1 The Company completed its share buy-back on February 19, 2021. Note 28.12 Leases a) As a lessee The Company has taken various residential and office premises under operating lease or leave and license agreements. These are cancellable by the Company, having a term between 11 months and three years and have no specific obligation for renewal. Payments are recognised in the Standalone Statement of Profit and Loss under ‘Rent’ in Note 27. b) As a lessor i) Operating lease T he Company has entered into operating leases on its office buildings and land. These are cancellable by the Company, having a term between 11 months and three years and have no specific obligation for renewal. Rents received are recognised in the Standalone Statement of Profit and Loss as lease income in Note 22 ‘Other income’. ii) Finance lease T he Company has given a building on finance lease for a term of 30 years and a machine for a term of 10 years. F uture minimum lease payments receivable under finance leases, together with the present value of the net minimum lease payments (MLP), are as under: ( ` cr) Particulars As at March 31, 2021 As at March 31, 2020 MLP receivable Present value of MLP receivable MLP receivable Present value of MLP receivable Not later than 1 year 0.92 0.88 - - Later than 1 year and not later than 5 years 3.28 2.50 0.40 0.35 Later than 5 years 5.07 2.48 1.80 0.85 Total MLP receivable 9.27 5.86 2.20 1.20 Less: unearned finance income 3.41 - 1.00 - Present value of MLP receivable 5.86 5.86 1.20 1.20 Less: allowance for uncollectible lease payments - - - - 5.86 5.86 1.20 1.20