183 Note 29.8 Financial risk management (continued) Movements in cash flow hedging reserve (` cr) Risk category Foreign currency risk Derivative instruments As at March 31, 2023 As at March 31, 2022 Balance at the beginning of the year 0.20 0.43 Gain recognised in other comprehensive income during the year (0.54) 0.50 Amount reclassified to revenue during the year (0.49) (0.60) Tax impact on above 0.14 (0.13) Balance at the end of the year (0.69) 0.20 Note 29.9 Capital management The primary objective of capital management is to maximise shareholder value, safeguard business continuity and support the growth of the Company. It determines the capital requirement based on annual operating plans and long-term and other strategic investment plans. The funding requirements are met through equity and operating cash flows generated. The Company is not subject to any externally imposed capital requirements (refer Note 29.19 (b) for debt- equity ratio). Note 29.10 Segment information In accordance with Ind AS 108, ‘Operating Segments’, segment information has been given in the Consolidated Financial Statements of Atul Ltd and therefore, no separate disclosure on segment information is given in the Standalone Financial Statements. Note 29.11 Earnings per share Earnings per share (EPS) - The numerators and denominators used to calculate basic and diluted EPS: Particulars 2022-23 2021-22 Profit for the year attributable to the equity shareholders ` cr 552.15 607.53 Weighted average number of equity shares used in calculating basic | diluted EPS1 Number 2,95,19,595 2,95,87,051 Nominal value of equity share ` 10.00 10.00 Basic EPS ` 187.05 205.34 Diluted EPS ` 187.05 205.34 1During the current year, the Company completed its share buy-back on May 09, 2022. Note 29.12 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 28. 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’.
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