Page 161 - Kolte Patil AR 2019-20

Notes forming part of the standalone financial statements

NOTE 38 - EARNINGS PER SHARE (H in Lakhs)
As at As at
Particulars
March 31, 2020 March 31, 2019
Net Profit attributable to shareholders (Hin Lakhs) 6,420 7,772
Nominal value of equity shares – (H) 10 10
Weighted average number of equity shares for basic (No. in Lakhs) 758 758
Weighted average number of equity shares for diluted EPS (No. in Lakhs) 762 761
Basic earnings per share – (H) 8.47 10.25
Diluted earnings per share – (H) 8.43 10.22
NOTE 39 - FINANCIAL INSTRUMENTS
I) Capital Management
The Company’s capital management objectives are:
- to ensure the company’s ability to continue as a going concern.

- to maximize the return to stakeholders through the optimization of the debt and equity balance.
The Company monitors capital on the basis of the carrying amount of equity as presented on the face of the statement of financial
position. The Company sets the amount of capital in proportion to its overall financing structure, i.e. equity and financial liabilities.
The Company manages the capital structure and makes adjustments to it in the light of changes in economic conditions and the risk
characteristics of the underlying assets.
a) Gearing Ratio:

The Gearing ratio at the end of the reporting period are as follows:
(H in Lakhs)
As at As at
Particulars
March 31, 2020 March 31, 2019
Debt* (A) 39,602 45,759
Cash and bank balances (B) 2,077 685
Net Debt C=(A-B) 37,525 45,074
Total Equity (D) 86,307 80,434
Net debt to equity ratio (C/D) 43% 56%
(*Debt is defined as long-term, short-term borrowings and loan from related parties)
b) The carrying value of financial instruments by categories as of March 31, 2020 is as follows:

Fair value Fair value Total carrying Total Fair
Particulars Amortised cost
through P&L through OCI value Value*
Assets:
Cash and cash equivalents - - 2,077 2,077 2,077
Other balances with banks - - 636 636 636
Trade receivables 4,176 4,176 4,176
Investments 17,425 - 24,148 41,573 41,573
Loans - - 2,213 2,213 2,213
Other financial assets - - 18,425 18,425 18,425

Annual Report 2019-20 | 159