m. Provision

A provision is recognized when the company has a present obligation as a result of past event, it is probable
that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable
estimate can be made of the amount of the obligation. Provisions are not discounted to their present value and
are determined based on the best estimate required to settle the obligation at the reporting date. These estimates
are reviewed at each reporting date and adjusted to reflect the current best estimates.

Where the company expects some or all of a provision to be reimbursed, for example under an insurance
contract, the reimbursement is recognized as a separate asset but only when the reimbursement is virtually
certain. The expense relating to any provision is presented in the statement of profit and loss net of any
reimbursement.

n. Cash and cash equivalents

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and short¬
term investments with an original maturity of three months or less.

o. Measurement of EBITDA

As permitted by the Guidance Note on the Revised Schedule of the Companies Act, 2013, the company has elected to
present earnings before interest, tax, depreciation and amortization (EBITDA) as a separate line item on the face of the
statement of profit and loss. The company measures EBITDA on the basis of profit / (loss) from continuing operations.
In its measurement, the company does not include depreciation and amortization expense, finance costs and tax
expenses.