2. Summary of Material Accounting Policies

2.1 Statement of Compliance and Basis of Preparation

(i) Statement of Compliance

The Standalone Financial Statements have been
prepared in accordance with Indian Accounting
Standards (Ind AS) as prescribed under section
133 of the Companies Act, 2013 ("the Act"), read
with Rule 3 of the Companies (Indian Accounting
Standards) Rules, 2015, guidelines issued by the
Securities and Exchange Board of India ("SEBI")
and amendments issued thereafter, presentation
requirement of Division II of Schedule III to the
Act as applicable to the Standalone Financial
Statements and other relevant provisions of the
Act.

(ll) Basis of Preparation & Presentation

The Standalone Financial Statements correspond
to the classification provisions contained in Ind
AS 1, "Presentation of Financial Statements".

The Standalone Financial Statements have been
prepared and presented under historical cost
basis and on an accrual basis, except for certain
financial instruments which are measured at fair
values or at amortised cost at the end of each
reporting period, as explained in the material
accounting policies below.

Historical cost is generally based on the fair value
of the consideration given in exchange for goods
and services. Fair value is the price that would
be received to sell an asset or paid to transfer
a liability in an orderly transaction between the
market participants at the measurement date.

The assets which are expected to be realised
within a period of twelve months from the end of
reporting period are classified as current assets.
Similarly, the liabilities which are expected to be
settled within a period of twelve months from
the end of reporting period are classified as
current liabilities. All other assets and liabilities are
classified as non-current.

Accounting policies have been consistently
applied except where a newly-issued accounting
standard is initially adopted or a revision to an
existing accounting standard requires a change
in the accounting policy hitherto in use.

All amounts included in the standalone financial
statements are reported in Indian Rupees (^ in
Lakhs) except share and per share data, unless
otherwise stated. Due to rounding off, the numbers
presented throughout the document may not
add up precisely to the totals and percentages
may not precisely reflect the absolute figures.
Previous year figures have been regrouped/
rearranged, wherever necessary.

.2 Key Accounting Estimate and Judgements

The preparation of the standalone financial statements
in conformity with Ind AS requires management to
make judgments, estimates and assumptions in the
application of accounting policies that affect the
reported balances of assets and liabilities, disclosures
relating to contingent liabilities as at date of standalone
financial statements and reported statement of
Revenue and expense for the period presented.
Management believes that the estimates used in the
preparation of the standalone financial statements
are prudent and reasonable. Estimates and underlying

assumptions are reviewed on an ongoing basis.
Revisions to accounting estimates are recognised
prospectively.

The areas involving critical estimates or judgements
pertaining to in the respect of percentage of
completion of contracts and recognition of probable
loss, useful lives of property, plant and equipment,
provision for income tax and valuation of deferred tax
assets, fair value measurements and other provisions
and contingent liabilities. Estimates and judgements
are continually evaluated. They are based on historical
experience and other factors, including expectations
of future events that may have a financial impact on
the Company and that are believed to be reasonable
under the circumstances.

i) Revenue Recognition

The Company uses the percentage of completion
method using the input (cost expended) method
to measure progress towards completion in
respect of fixed price contracts. Percentage
of completion method relies on estimates of
total expected contract revenue and costs. This
method is followed where reasonable dependable
estimate of the revenue and costs applicable to
various elements of the contract can be made.
Key factors reviewed to estimate the future
costs to complete include estimates of future
manpower costs and productivity efficiency.
These estimates are assessed continually during
the term of the contracts and the recognised
revenue and profit are subject to revision as
the contract progresses to completion. When
estimates indicate that a loss will be incurred, the
loss is provided for in the period in which the loss
becomes probable.

ii) Expected credit losses on financial assets:

The impairment provisions of financial assets
are based on assumptions about risk of default
and expected timing of collection. The Company
uses judgment in making these assumptions and
selecting the inputs to the expected credit loss
calculation based on the Company's history of
collections, customer's creditworthiness, existing
market conditions as well as forward-looking
estimates at the end of each reporting period.

iii) Useful lives of Property, Plant and Equipment :

The Company depreciates property, plant
and equipment on a straight-line basis over
estimated useful lives of the assets. The charge in
respect of periodic depreciation is derived based
on an estimate of an asset's expected useful life
or project useful life and the expected residual
value at the end of its life. The lives are based on

historical experience with similar assets as well as
anticipation of future events, which may impact
their life, such as changes in technology. The
estimated useful life is reviewed at least annually.

iv) Defined benefit plans and compensated
absences:

The cost of the defined benefit plans and the
present value of the defined benefit obligations
are based on actuarial valuation using the
projected unit credit method. An actuarial
valuation involves making various assumptions
that may differ from actual developments in
the future. These include the determination of
the discount rate, future salary increases and
mortality rates. Due to the complexities involved in
the valuation and its long-term nature, a defined
benefit obligation is highly sensitive to changes in
these assumptions. All assumptions are reviewed
at each reporting date. The cost of compensated
absences is short term in nature and valuation
is derived based outstanding employees leave
balance at respective valuation period.

v) Income Taxes

The major tax jurisdictions for the Company
is India. Significant judgments are involved in
determining the provision for income taxes
including judgment on whether tax positions are
probable of being sustained in tax assessments.
A tax assessment can involve which can only be
resolved over extended time periods. Deferred tax
is recorded on temporary differences between
the tax bases of assets and liabilities and their
carrying amounts, at the rates that have been
enacted or substantively enacted at the reporting
date. The ultimate realisation of deferred tax
assets is dependent upon the generation of
future taxable profits during the periods in which
those temporary differences and tax loss carry¬
forwards become deductible. The Company
considers expected reversal of deferred tax
liabilities and projected future taxable income in
making this assessment. The amount of deferred
tax assets considered realisable, however, could
reduce in the near term if estimates of future
taxable income during the carry-forward period
are reduced.

vi) Impairment testing

Goodwill recognized on business combination
is tested for impairment at least annually and
when events occur or changes in circumstances
indicate that the recoverable amount of goodwill
or a cash generating unit to which goodwill
pertains, is less than the carrying value. The

Company assesses acquired intangible assets
with finite useful life for impairment whenever
events or changes in circumstances indicate that
the carrying amount may not be recoverable.
The recoverable amount of an asset or a cash
generating unit is higher of value in use and fair
value less cost of disposal. The calculation of
value in use of an asset or a cash generating
unit involves use of significant estimates and
assumptions which include turnover, growth rates
and net margins used to calculate projected
future cash flows, risk-adjusted discount rate,
future economic and market conditions.

vii) Provisions and contingent liabilities

Provision is recognised when the Company has
a present obligation as a result of past event
and it is probable that an outflow of resources
will be required to settle the obligation, in
respect of which a reliable estimate can be
made. Contingent liabilities are disclosed when
there is a possible obligation arising from past
events, the existence of which will be confirmed
only by the occurrence or non-occurrence of
one or more uncertain future events not wholly
within the control of the Company or a present
obligation that arises from past events where it is
either not probable that an outflow of resources
will be required to settle the obligation or a
reliable estimate of the amount cannot be made.
Provisions and contingent liabilities are reviewed
at each balance sheet date and adjusted to
reflect the current best estimates.

viii) Business Combination

In accounting for business combinations,
estimating the acquisition date fair value of the
identifiable assets acquired (including useful life
estimates), liabilities assumed, and contingent
consideration assumed involves management
judgment. These measurements are based on
information available at the acquisition date and
are based on expectations and assumptions that
have been deemed reasonable by management.

ix) Other Estimates

The share-based compensation expense is
determined based on the Company's estimate
of equity instruments that will eventually vest.

2.3 Revenue Recognition

Revenue from software development and consulting
services is recognized either on time and material basis
or fixed price basis, as the case may be. Revenue on
time and material and job contracts is recognized as
and when the related services are performed (units
delivered, efforts expended, number of transactions

processed etc.) and Unbilled revenue is accounted
on estimate basis in respect of contracts where
the contractual right to consideration is based on
completion of contractual milestones and other
technical measurements. Revenue from the end of last
invoicing to reporting date is recognized as unbilled
revenue. Invoicing in excess of revenues are recognized
as unearned revenues. Revenue on fixed price contracts
is recognized where performance obligations are
satisfied over time and there is no uncertainty as to
measurement or collectability of consideration on
the percentage of completion method. Efforts and
costs expended have been used to measure progress
towards completion since there is direct relationship
between input and productivity. Revenue recognised
for any fee or commission to which it expects to be
entitled in exchange for arranging for the other party to
provide its goods or services.

Revenue from sale of licenses / hardware, where
the customer obtains a "right to use" the licenses /
hardware is recognized at the point in time when the
related license / hardware is made available to the
customer. Revenue from licenses / hardware where the
customer obtains a "right to access" is recognized over
the access period.

Arrangements to deliver software products generally
have three elements: license, implementation and
annual maintenance. In accordance with the principles
of Ind AS 115, when implementation services are provided
in conjunction with the licensing arrangement, the
license and implementation have been identified as
two separate performance obligations. The transaction
price for such contracts are allocated to each
performance obligations based on their respective
selling prices. Maintenance revenue in respect of
software products and other products/ equipment is
recognised on pro rata basis over the period of the
underlying maintenance agreement. Revenue is net of
discounts/ price incentives which are estimated and
accounted based on the terms of the contracts and
excludes applicable indirect taxes.

Revenue from leasing income is recognised on pro¬
rata basis over the period of the contract.

Unearned and deferred revenue represents
contractual billings/money received in excess of
revenue recognised as per the terms of the contract.

2.3.1. Other Income

Dividend income is recognised when the Company's
right to receive payment is established.

I nterest income is recognised on a time proportion
basis using effective interest rate method.

2.4. Property, Plant and Equipment

Property plant and equipment (PPE) are stated at cost
less accumulated depreciation and impairment losses
if any. Cost includes expenditure directly attributable
to the acquisition of the asset and cost incurred for
bringing the asset to its present location and condition
for its intended use.

Property, plant and equipment which are not ready
for intended use as on the date of Balance Sheet are
disclosed as "Capital work-in-progress" and are stated
at cost.

Depreciation is provided on a pro-rata basis on the
straight line method based on estimated useful life
prescribed under Schedule II to the Companies Act,
2013 with the exception of the following:

i. Computers is depreciated in 6 years and certain
assets of Plant and machinery and Computers
used for the projects is depreciated over its
project useful life.

ii. Leasehold improvements are amortized over the
period of lease term or useful life, whichever is
lower.

iii. Assets given on lease are depreciated over the
shorter of lease term or their useful lives.

iv. Individual assets costing up to Rupees five
thousand are depreciated in full in the period of
purchase.

The residual values, useful lives and method of
depreciation of PPE is reviewed at each financial year
end and adjusted prospectively,

2.5. Intangible Assets

Intangible Assets acquired separately are initially
measured at cost.. Intangible assets acquired in a
business combination are recognised at fair value at
the acquisition date. Subsequently, intangible assets
are carried at cost less any accumulated amortisation
and accumulated impairment losses, if any. The useful
lives of intangible assets are assessed as either finite or
indefinite. The assessment of indefinite life is reviewed
annually to determine whether the indefinite life
continues, if not, it is impaired or changed prospectively
basis revised estimates.

Finite-life intangible assets are amortised on a straight
line basis over the period of their expected useful
lives. The amortisation period and the amortisation
method for finite-life intangible assets is reviewed at
each financial year end and adjusted prospectively, if
appropriate. The estimated useful lives of the Software
in the range between 5 to 10 years.

Research and Development costs

Research costs are expensed as incurred. Development
expenditure, on an individual project, is recognized as an
intangible asset when the Company can demonstrate:

• The technical feasibility of completing the
intangible asset so that it will be available for use
or sale

• Its intention to complete and its ability and
intention to use or sell the asset

• How the asset will generate future economic
benefits

• The availability of resources to complete the
asset

• The ability to measure reliably the expenditure
during development

Subsequently, following initial recognition of the
development expenditure as an asset, the cost model
is applied requiring the asset to be carried at cost
less any accumulated amotisation and accumulated
impairment losses.

Amortisation of the asset begins when development
is complete and the asset is available for use. It is
amortized over the period of expected future benefit.
Amortisation expense is recognized in the statement of
profit and loss.

During the period of development, the asset is tested
for impairment annually.

Goodwill is initially recognised based on the accounting
policy for business combinations. These assets are not
amortised but are tested for impairment annually.

2.6 Leases

The Company as a lessee

The Company's lease asset classes primarily consist of
leases for Lease hold Improvements and Buildings. The
Company assesses whether a contract is or contains
a lease, at inception of a contract. A contract is, or
contains, a lease if the contract conveys the right to
control the use of an identified asset for a period of
time in exchange for consideration. To assess whether
a contract conveys the right to control the use of an
identified asset, the Company assesses whether:

(i) the contract involves the use of an identified
asset

(ii) the Company has the right to obtain substantially
all of the economic benefits from use of the asset
through the period of the lease and

(iii) the Company has the right to direct the use of the
asset.

(iv) the Company has the right to operate the asset;
or

(v) the Company designed the assets in a way that
predetermined how and for what purpose it will
be used.

At the date of commencement of the lease, the
Company recognises a right-of-use asset ("ROU") and a
corresponding lease liability for all lease arrangements
in which it is a lessee, except for leases with a term of
twelve months or less (short-term leases) and leases
of low value assets. For these short-term and leases of
low value assets, the Company recognises the lease
payments as an operating expense on a straight-line
basis over the term of the lease.

The right-of-use assets are initially recognised at
cost, which comprises the initial amount of the lease
liability adjusted for any lease payments made at or
prior to the commencement date of the lease plus any
initial direct costs incurred and an estimate of costs
to dismantle and remove the underlying asset or to
restore the underlying asset or the site on which it is
located less any lease incentives received. They are
subsequently measured at cost less accumulated
depreciation and impairment losses, if any. Right-of-
use assets are depreciated from the commencement
date on a straight-line basis over the shorter of the
lease term and useful life of the underlying asset.

The lease liability is initially measured at the present
value of the future lease payments. The lease payments
are discounted using the interest rate implicit in the lease
or, if not readily determinable, using the incremental
borrowing rates. The lease liability is subsequently
remeasured by increasing the carrying amount to
reflect interest on the lease liability, reducing the carrying
amount to reflect the lease payments made.

A lease liability is remeasured upon the occurrence of
certain events such as a change in the lease term or
a change in an index or rate used to determine lease
payments. The remeasurement normally also adjusts
the leased assets.

Lease liability and ROU asset have been separately
presented in the Balance Sheet and lease payments
have been classified as financing cash flows.

The Company as a lessor

Leases under which the Company is a lessor are
classified as finance or operating leases. Lease
contracts where all the risks and rewards are
substantially transferred to the lessee, the lease
contracts are classified as finance leases. All other
leases are classified as operating leases.

For leases under which the Company is an intermediate
lessor, the Company accounts for the head-lease and
the sub-lease as two separate contracts. The sub¬
lease is further classified either as a finance lease or an
operating lease by reference to the RoU asset arising
from the head-lease.

2.7. Inventories

I nventories include traded goods and are valued at
lower of cost or net realisable value. Cost of inventories
comprises all costs of purchase and other costs
incurred in bringing the inventory to their present
location and condition. Cost is determined on the first-
in, first-out (FIFO) basis.

Cost of finished goods and work-in-progress include all
costs of purchases, conversion costs and other costs
incurred in bringing the inventories to their present
location and condition. The net realisable value of finished
goods is the estimated selling price in the ordinary course
of business less the estimated costs of completion and
estimated costs necessary to make the sale.

2.8. Income Taxes

I ncome tax expense for the year comprises of current
tax and deferred tax. Income Tax is recognised in
Statement of Profit and Loss, except to the extent that
it relates to items recognised in the comprehensive
income or in equity. In which case, the tax is also
recognised in other comprehensive income or equity.
Foreign branches recognize current tax and deferred
tax liabilities and assets in accordance with the
applicable local laws.

Tax on income for the current period is determined on
the basis of taxable income and tax credits computed
in accordance with the provisions of the Income Tax
Act,1961 and based on the expected outcome of
assessments/appeals.

The Company uses estimates and judgements based
on the relevant rulings in the areas of allowances and
disallowances which are exercised while determining
the provision for income tax.

Current Tax:

Current tax is the expected tax payable/receivable on
the taxable income/ loss for the year using applicable
tax rates at the Balance Sheet date, and any adjustment
to taxes in respect of previous years. Management
periodically evaluates positions taken in tax return with
respect to situations in which applicable tax regulations
are subject to interpretation and establishes provisions
where appropriate.

Current tax assets and current tax liabilities are offset
when there is a legally enforceable right to set off the
recognised amounts and there is an intention to settle
the asset and the liability on a net basis.

Deferred Tax:

Deferred tax is recognised in respect of temporary
differences between the carrying amount of assets
and liabilities for financial reporting purposes and
the corresponding tax base used for computation of
taxable Income.

A deferred tax Assets/ liability is recognised based on
the expected manner of realisation or settlement of the
carrying amount of assets and liabilities, using tax rates
enacted, or substantively enacted, by the end of the
reporting period. Deferred tax assets are recognised
only to the extent that it is probable that future taxable
profits will be available against which the asset can
be utilised. Deferred tax assets are reviewed at each
reporting date and reduced to the extent that it is no
longer probable that the related tax benefit will be
realised.

Deferred tax assets and deferred tax liabilities are
offset when there is a legally enforceable right to set
off current tax assets against current tax liabilities; and
the deferred tax assets and the deferred tax liabilities
relate to income taxes levied by the same taxation
authority.

Deferred tax relating to items recognised outside profit
or loss is recognised outside profit or loss (either in OCI
or in equity).

2.9. Borrowing Costs:

Borrowing costs directly attributable to the acquisition,
construction or production of an asset that necessarily
takes a substantial period of time to get ready for its
intended use or sale are capitalised as part of the cost
of the asset. All other borrowing costs are expensed
in the period in which they occur. Borrowing costs
consist of interest and other costs that an entity incurs
in connection with the borrowing of funds. Borrowing
cost also includes exchange differences to the extent
regarded as an adjustment to the borrowing costs.

2.10. Foreign Currency Transactions

Income and expenses in foreign currencies are
recorded at exchange rates prevailing on the date
of the transaction. Foreign currency denominated
monetary assets and liabilities are translated at the
exchange rate prevailing on the balance sheet date
and exchange gains and losses arising on settlement
and restatement are recognized in the statement of
profit and loss.

Non-monetary assets and liabilities that are measured
in terms of historical cost in foreign currencies are not
retranslated.

2.11. Business Combination and Goodwill

i) Business Combinations:

Business combinations are accounted for using
the purchase (acquisition) method. The cost of an
acquisition is measured as the fair value of the assets
transferred, liabilities incurred or assumed, and equity
instruments issued at the date of exchange by the
Company. Identifiable assets acquired and liabilities
and contingent liabilities assumed in a business
combination are measured initially at fair value at
the date of acquisition. Transaction costs incurred in
connection with a business acquisition are expensed
as incurred.

The cost of an acquisition also includes the fair value
of any contingent consideration measured as at the
date of acquisition. Any subsequent changes to the
fair value of contingent consideration classified as
liabilities, other than measurement period adjustments,
are recognized in the statement of profit and loss.

ii) Common Control business combinations:

The Company accounts for business combinations
involving entities or businesses under common control
using the pooling of interest method. The assets and
liabilities of the combining entities are reflected at
their carrying amounts. The identity of the reserves
shall be preserved and shall appear in the standalone
financial statements of the transferee in the same form
in which they appeared in the standalone financial
statements of the transferor. The difference, if any,
between the amount recorded as share capital issued
plus any additional consideration in the form of cash
or other assets and the amount of share capital of the
transferor shall be transferred to capital reserve and
should be presented separately as Common Control
Transactions Capital reserve.

iii) Goodwill:

The excess of the cost of an acquisition over the
Company's share in the fair value of the acquiree's
identifiable assets and liabilities is recognized as
goodwill. If the excess is negative, a bargain purchase
gain is recognized in equity as capital reserve in case
a clear evidence does not exist otherwise the resulting
gain is recognised in other comprehensive income
on the date of acquisition and accumulated in equity
as capital reserve. Goodwill is measured at cost less
accumulated impairment (if any).

Goodwill associated with disposal of an operation that
is part of cash-generating unit is measured based
on the relative values of the operation disposed of
and the portion of the cash-generating unit retained,
unless some other method better reflects the goodwill
associated with the operation disposed of.

2.12. Assets Held for Sale and Discontinued Operations

Non-current assets or disposal groups comprising of
assets and liabilities are classified as ' Held for Sale"
when all the following criteria are met:

A. The asset (or disposal group) must be available
for immediate sale in its present condition, subject
only to terms that are usual and customary for
sales of such assets (or disposal groups)

B. Sale must be Highly probable. Sale is highly probable
if (i) management must be committed to a plan
to sell the asset (or disposal group) (ii) An active
programme to locate the buyer and complete the
plan is initiated (iii) the assets are being actively
marketed at a price that is reasonable according
to it's current fair value, (iv) sale has been agreed
or is expected to be concluded within 12 months
of such classification, (v) When it is unlikely that
significant changes to the plan will be made or that
plan will be withdrawn.

Subsequently, such non-current assets and disposal
groups classified as 'held for sale' are measured at the
lower of its carrying value and fair value less costs to sell.
Non-current assets held for sale are not depreciated or
amortised.

A discontinued operation is a component of the
Company's business that represents a separate line of
business that has been disposed of or is held for sale, or
is a subsidiary acquired exclusively with a view to resale.
Classification as a discontinued operation occurs upon
the earlier of disposal or when the operation meets the
criteria to be classified as held for sale.

2.13. Employee Benefits

i. Short-term employee benefits

Employee benefits payable wholly within twelve
months of availing employee service are
classified as short-term employee benefits. This
benefits includes salaries and wages, bonus
and ex- gratia and compensated absences. The
undiscounted amount of short-term employee
benefits to be paid in exchange of employees
services are recognised in the period in which the
employee renders the related service.

ii. Long term employee benefits
Defined contribution plans

A defined contribution plan is a post-employment
benefit plan under which an entity pays specified
contributions to a separate entity and has no
obligation to pay any further amounts. The
Company makes specified monthly contributions
towards the Provident Fund and Employees State

Insurance Corporation ('ESIC'). The Company's
contribution is recognised as an expense in the
Statement of Profit and Loss during the period in
which employee renders the related service.

Defined benefit plans

The Company's gratuity benefit scheme is
a defined benefit plan. The Company's net
obligation in respect of a defined benefit plan is
calculated by estimating the amount of future
benefit that employees have earned in return for
their service in the current and prior periods; that
benefit is discounted to determine its present
value, and the fair value of any plan assets is
deducted.

The present value of the obligation under such
defined benefit plan is determined based on
actuarial valuation using the Projected Unit Credit
Method, which recognizes each period of service
as giving rise to additional unit of employee
benefit entitlement and measures each unit
separately to build up the final obligation.

The obligation is measured at the present value
of the estimated future cash flows. The discount
rates used for determining the present value of
the obligation under defined benefit plan, are
based on the market yields on Government
securities as at the Balance Sheet date.

When the calculation results in a benefit to the
Company, the recognised asset is limited to the
net total of any unrecognised actuarial losses
and past service costs and the present value of
any future refunds from the plan or reductions in
future contributions to the plan.

Actuarial gains and losses are recognized
immediately in the Statement of Profit and
Loss.

Remeasurement which comprise of actuarial
gain and losses, the return of plan assets
(excluding interest) and the effect of asset ceiling
(if any, excluding interest) are recognised in OCI.
Plan Assets of Defined Benefit Plans have been
measured at fair value.

Other Employee Benefits

The undiscounted amount of short-term employee
benefits (Compensated Absence Benefits) obligation
liability in exchange for the services rendered is
recognized based on the service rendered by the
employees in the reporting year.

2.14. Share Based Payments

The Company measures compensation cost relating
to share-based payments using the fair valuation
method in accordance with Ind AS 102, Share-Based
Payment. Compensation expense is amortized over the
vesting period of the option on a graded basis. The units
generally vest in a graded manner over the vesting
period. The fair value determined at the grant date
is expensed over the vesting period of the respective
tranches of such grants.

The cost of equity-settled transactions is determined by
the fair value at the date when the grant is made using
the Black-Scholes valuation model. The expected term
of an option is estimated based on the vesting term
and contractual life of the option. Expected volatility
during the expected term of the option is based on
the historical volatility of share price of the Company.
Risk free interest rates are based on the government
securities yield in effect at the time of the grant.

The cost of equity settled transactions is recognised,
together with a corresponding increase in share-
based payment reserve in equity, over the period in
which the performance and/or service conditions are
fulfilled. The cumulative expense recognised for equity-
settled transactions at each reporting date until the
vesting date reflects the extent to which the vesting
period has expired and the Company's best estimate
of the number of equity instruments that will ultimately
vest. Debit or credit in standalone statement of profit
and loss for a period represents the movement in
cumulative expense recognized as at the beginning
and end of that period and is recognized in employee
benefits expense.

The dilutive effect of outstanding options is reflected in
the computation of diluted earnings per share.

2.15. Earnings Per Share (EPS)

Basic EPS amounts are computed by dividing the net
profit attributable to the equity holders of the Company
by the weighted average number of equity shares
outstanding during the year adjusted for treasury
shares held.

For calculating diluted earnings per share, the net profit
for the period attributable to equity shareholders and
the weighted average number of shares outstanding
during the period are adjusted for the effects of all
dilutive potential equity shares.