p) Provisions fit Contingencies:

A provision is recognized when the Company has a present legal or
constructive 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 reliable estimates can be made. Provisions (excluding long term
benefits) are not discounted to its present value and are determined based
on best estimate required to settle the obligation at the balance sheet date.
These are reviewed at each balance sheet date and adjusted to reflect the
current best estimates, Contingent liabilities are not recognized but
disclosed in the notes to the Financial Statements. A contingent asset is
neither recognized nor disclosed.

A provision for restructuring is recognized when the Company has a detailed
formal restructuring plan and has raised a valid expectation in those affected
that it will carry out the restructuring by starting to implement the plan or
announcing its main features to those affected by it. The measurement of a
restructuring provision includes only the direct expenditure arising from the
restructuring, which are those amounts that are both necessarily entailed by
the restructuring and not associated with the ongoing activities of the entity.
Contingent liabilities and contingent assets
Contingent liability is disclosed for,

(!) Possible obligations which will be confirmed only by future events not
wholly within the control of the Company, or
(2| Present obligations arising from past events where it is not probable that
an outflow of resources will be required to settle the obligation or a
reliable estimate of the amount of the obligation cannot be made.
Contingent Assets are not recognized in financials.

r) Earnings Per Share:

The Company presents basic and diluted earnings per share ("EPS’) data for
its equity shares. Basic EPS is calculated by dividing the profit or loss
attributable to equity shareholders of the Company by the weighted average
number of equity shares outstanding during the period. Diluted EPS is

determined by adjusting the profit or loss attributable to equity shareholders
and the weighted average number of equity shares outstanding for the effects
of all dilutive potential ordinary shares, which includes all stock options

granted to employees.

The number of equity shares and potentially dilutive equity shares are
adjusted retrospect! vel\ for all periods presented for any share splits and
bonus shares issues including for changes effected prior to the approval of
the financial statements by the Board of Directors.

•| Cash Flow Statement

Cash flows are reported using the indirect method, where by profit/ (loss)
before tax is adjusted for the effects of transactions of a non cash nature,
any deferrals or accruals of past or future operating cash receipts or
payments and item of income or expenses associated with investing or
financing cash flows. The cash flows from operating, investing and financing
activities of the Company are segregated based on the available information.