g. Cash Flow Statement
Cash flows are reported using the indirect method, whereby profit / (loss) before
extraordinary items and tax is adjusted for the effects of transactions of non-cash
nature and any deferrals or accruals of past or future cash receipts or payments. The
cash flows from operating, investing and financing activities of the Company are
segregated based on the available information.
h. Earnings Per Share
The Company reports its basic and diluted earnings per share in accordance with
Accounting Standard-20 Earnings per Share. Basic earnings per share are computed by
dividing the profit for the year by the weighted average number of equity shares
outstanding during the year. Diluted earnings per share is computed by dividing the
profit for the year by the weighted average number of equity shares outstanding during
the year as adjusted for the effects of all dilutive potential equity shares except where
the results are anti-dilutive.
DEALING WITH STRUCK OFF COMPANIES
Company did not have any transaction with any of the struck off companies during the year as well as in
the previous year. It does not have any outstanding balance of any kind of transaction with such
companies at the yearend date.
Note: 30
CONTINGENT LIABILITIES AND COMMITMENTS
Claims against the Company /disputed liabilities not acknowledged as debts: (As per the
representation made by the Management-
Disputed income tax liabilities of Rs. 1563.94 lakhs in respect of Financial Year 2011-12. The Company
has disputed the same with appropriate authorities and it has not provided for the same in view of it
was legally advised so.
Note: 31
Prior Year Comparatives
Previous year's figures have been regrouped, rearranged or recasted wherever necessary to conform to
this year's classification. Figures in brackets pertain to previous year.
As per our report of even date
For JMT & Associates On Behalf of the Board
Chartered Accountants For ATHENA CONSTRUCTIONS LIMITED
Firm Regn No. 104167W (CIN : L45200MH2011PLC215562)
CA Arun S Jain
Partner (Ravikant Rathi) (Santosh Nagar)
Membership No.043161 DIN: 862459 DIN: 2800839
UDIN: 24043161BKFEPW5364 Director Director
Date : 31-05-2024
Place : MUMBAI
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