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Company Information

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CLN ENERGY LTD.

02 July 2025 | 04:01

Industry >> Auto Parts & Accessories

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ISIN No INE0WDX01010 BSE Code / NSE Code 544347 / CLN Book Value (Rs.) 19.81 Face Value 10.00
Bookclosure 52Week High 545 EPS 12.24 P/E 46.57
Market Cap. 601.69 Cr. 52Week Low 230 P/BV / Div Yield (%) 28.79 / 0.00 Market Lot 600.00
Security Type Other

ACCOUNTING POLICY

You can view the entire text of Accounting Policy of the company for the latest year.
Year End :2024-03 

2 2 Significant accounting policies
Use of estimates

The preparation of financial statements in conformity with Indian GAAP (Generally accepted accounting principles) requires the
management to make judgments, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and
liabilities and disclosure of contingent liabilities at the end of the reporting period. Although these estimates are based upon
Management’s best knowledge of current events and actions, uncertainty about these assumption and estimates could result in the
outcomes requiring a material adjustment to the carrying amounts of assets or liabilities in future periods.

Current versus non-currcnt classification

The Company presents assets and liabilities in the Balance Sheet based on current/ non-current classification.

An asset is classified as current when it satisfies an)1 of the following criteria:

• It is expected to be realized or intended to be sold or consumed in normal operating cycle

• It is held primarily for the purpose of trading

• It is expected to be realized within twelve months after the reporting period, or

Ý Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the
reporting period

Current assets include the current portion of non-current financial assets.

All other assets are classified as non-current.

A liability is current when it satisfies any of the following criteria:

• It is expected to be settled in normal operating cycle

• It is held primarily for the purpose of trading

Ý It is due to be settled within twelve months after the reporting period, or

• There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period

Current liabilities includes the current portion of long term financial liabilities. The Company classifies all other liabilities as non-
current. Deferred tax assets and liabilities are classified as non-current assets and liabilities. The operating cycle is the time between
the acquisition of assets for processing and their realisation in cash and cash equivalents. The Company has identified twelve
months as its oneratiiu; cycle.

c) Property, plant and equipment

Fixed .Assets are stated at cost less accumulated depreciation and impairment losses, if any. The cost of an item of property, plant
and equipment comprises its acquisition price, including import duties and other non-rcfundable taxes or levies, any directly
attributable cost of bringing the asset to its working condition for its intended use, pre-operative expenses including financial
charges and adjustments on account of foreign exchange fluctuations, wherever applicable; any trade discounts and rebates are
deducted in arriving at the purchase price. Subsequent expenditures related to an item of fixed asset should be capitalised only if
they increase the future benefits from the existing asset beyond its previously assessed standard of performance otherwise
expenditure should be written off.

d) Depreciation and Amortisation

Depreciation on property, plant and equipment is provided on written down value method over the useful lives of assets estimated
by the management which are equal to the useful lives prescribed under Schedule IT of the Companies Act, 2013 . The useful lives
estimated by the management are mentioned below:

Furniture and fixtures : 10 years

Electrical fitting and fixing . 5 years

Computer and related equipment : 3 years

Plant & Machineries have been depreciated over a period of 10 years which is the economic useful life of those machineries as per
management.

Leasehold improvements is amortised on a straight line basis over the remaining period of the lease or the economic useful life,
whichever is lower.

The useful lives are reviewed by the management periodically and revised, if appropriate. In case of a revision, the unamortized
depreciable amount is charged over the revised remaining useful life. Depreciation is provided on a pro-rata basis i.c. from the date
on which asset is ready for use. Property, Plant and Equipment is eliminated from the financial statements on disposal or when no
further benefit is expected from its use and disposal.

ej Intangible assets

Intangible assets that are acquired by the company are measured initially at cost. After initial recognition, an intangible asset is
carried at its cost less an)' accumulated amortisation and accumulated impairment loss (if any).

Subsequent expenditure is capitalised only when it increases the future economic benefits to the specific assets to which it relates.

Intangible assets are amortised in Statement of Profit and Loss over their estimated useful lives, from the date that they are
available for use based on the expected pattern of consumption of economic benefits of the assets Accordingly, at present these
are being amortised on written down value method over a period of three years based on the useful economic life.

Amortisation method and useful fives are reviewed at each reporting date. If the useful life of an asset is estimated to be
significantly different from previous estimates, the amortisation period is changed accordingly. If there has been a significant
change in the expected pattern of economic benefits from the asset, the amortisation method is changed to reflect the changed
pattern. An intangible asset is derecognized on disposal or when no future economic benefit is expected from its use and disposal.

Losses arising from retirement and gains or losses arising from disposal of an intangible asset are measured as the difference
between the net disposal proceeds and the carrying amount of the assets, and are recognised in the Statement of Profit and Loss.

q Impairment of assets

The carrying values of assets arc reviewed at each reporting date to determine if there is indication of an)’ impairment If any
indication exists, the recoverable amount of asset is estimated, f or assets that are not yet available for use, the recoverable amount
is estimated at each reporting date. An impairment loss is recognised whenever the carrying amount of an asset or its cash
generating unit exceeds its recoverable amount. Impairment losses are recognised in the Statement of Profit and Loss. An
impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment
loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been
determined net of depreciation or amortisation, if no impairment loss had been recognised.

Operating leases

Assets acquired under leases other than finance leases are classified as operating leases. The total lease rentals (including scheduled
rental increases) in respect of an asset taken on operating lease are charged to the Statement of Profit and Loss on a straight line
basis over the lease term unless another systematic basis is more representative of the time pattern of the benefit.

hj Employee benefits

Short term employee benefits

It includes salaries, short term compensated absences (such as paid annual leave) where the absences are expected to occur within
twelve months after the end of the period in which the employees render the related employee sendee, profit sharing and bonuses
payable within twelve months after the end of the period in which the employees render the related sendees and non monetary
benefits (such as medical care) for current employees are estimated and measured on an undiscounted basis.

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 Employee
Provident Lund to Government administered Provident Lund scheme which is a defined contribution plan. The Company's
contribution is recognised as an expense in the Statement of Profit and Loss during the period in which the employee renders the
related sen-ice.

Gratuity

Gratuity- liability is defined benefit obligation and is provided for on the basis of an actuarial valuation on projected unit credit
(PUC) method made at the end of each financial year.

Remeasurements, comprising of actuarial gains and losses, the effect of the asset ceiling, excluding amounts included in net interest
on the net defined benefit liability and the return on plan assets (excluding amounts included in net interest on the net defined
benefit liability), are recognised immediately in the balance sheet with a corresponding debit or credit to retained earnings through
OCI in the period in which they occur. Remeasurements arc not reclassified to profit or loss in subsequent periods.

Past sen-ice costs are recognised in profit or loss on the earlier of:

• The date of the plan amendment or curtailment, and

• The date that the Company recognises related restructuring costs

Net interest is calculated by applying the discount rate to the net defined benefit liability or asset The Company recognises the
following changes in the net defined benefit obligation as an expense in the statement of profit and loss:

• Service costs comprising current service costs, past-service costs, gains and losses on curtailments and non-routine settlements;
and

• Net interest expense or income
Other tong term benefits

The employees can carry-forward a portion of the unutilised accrued compensated absences and utilise it in future sen-ice periods
or receive cash compensation on termination of employment. Since the compensated absences do not fall due wholly within twelve
months after the end of the period in which the employees render the related sen-ice and are also not expected to be utilised wholly
within twelve months after the end of such period, the benefit is classified as a long-term employee benefit I he Company records
an obligation for such compensated absences in the period in which the employee renders the sen-ices that increase this
entitlement. The obligation is measured on the basis of independent actuarial valuation using the projected unit credit method.

<S

... Revenue recognition
Sale of goods

Revenue from sale of goods is recognised as per the terms agreed with customer, which coincides with the transfer of significant
risks and rewards of ownership to the buyer. The amount recognised as sale is exclusive of goods & services tax and other taxes.

Sale of Services

Revenue in respect of service income is recognised on an accrual basis in accordance with the terms of specific contracts,
provided the consideration is reliably determinable and no significant uncertainty exists regarding the collection. The amount
recognised as revenue is net of applicable taxes.

jj Foreign exchange transactions

Foreign exchange transactions are recorded at the exchange rates prevailing on the date of such transactions. Realized gains and
losses on foreign exchange transactions during the year are recognized in the statement of profit and loss. Monetary assets and
liabilities denominated in foreign currencies as at the balance sheet date are translated at the closing exchange rates on that date.
The resultant exchange differences are recognized in the statement of profit and loss,

k) Earnings per share

Basic carnings/(loss) per share is calculated by dividing the net profit or loss for the year attributable to equity shareholders by the
weighted average number of equip' shares outstanding during the year. The weighted average number of equity shares outstanding
during the year are adjusted for events including a bonus issue, bonus element in a rights issue to existing shareholders, share split,
and reverse share split (consolidation of shares).

Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take into account the after
income tax effect of interest and other financing costs associated with dilutive potential equip' shares, and the weighted average
number of additional equity shares that would have been outstanding assuming the conversion of all dilutive potential equity
shares.