30 Capital Management
For the purpose of Company’s capital management, Capital includes issued equity capital and other equity reserves attributable to the equity holders of the Company. The primary objective of the Company’s capital management is to maximise the shareholder value.
To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. The Company includes within net debt, interest bearing loans and borrowings, trade and other payables, less cash and cash equivalents.
31 Financial risk management objectives and policies
The Company’s principal financial liabilities comprise of trade and other payables. The main purpose of these financial liabilities is to finance the Company's operations. The Company's principal financial assets include cash and cash equivalents that derive directly from its operations and FVTPL investments.
The Company is exposed to market risk and liquidity risk. The Company’s senior management oversees management of these risks. The Company's financial risk activities are governed by appropriate policies and procedures so that financial risks are identified, measured and managed in accordance with the Company's policies and risk objectives. The Board of Directors reviews and agrees policies for managing each of these risks, which are summarised below.
Market Risk
Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises of
currency rate risk, interest rate risk and other price risk. Financial instruments affected by market risk include FVTPL financial instruments.
The sensitivity analyses in the following sections relate to the position as at 31 March 2021and 31 March 2020.
Equity price risk
The Company's listed equity instruments are susceptible to market price risk arising from uncertainties about future values of the investment securities. The Company manages the equity price risk through diversification. The Company's Board of Directors reviews and approves all equity investment decisions.
Liquidity Risk
The Company's objective is to maintain a balance between continuity of funding and flexibility. The Company has sufficient working capitall funds available to honour the debt maturing within 12 months.
32 MSME
The Company has entered into business transactions with suppliers registered under the Micro, Small and Medium Enterprises Development act,2006 the payment for which have been made within the stipulated or agreed time.
33 Subsequent Events
There are no significant events that occurred after the balance sheet date.
34 Prior year comparatives
The figures of the previous year have been regrouped/ reclassified, where necessary, to confirm with the current year’s classification.
35 Additional Regulatory Information
i) Title deeds of Immovable Properties not held in name of the Company
The Company is not in possession of any immovable property.
ii) The Company has not revalued any of its Property, Plant and Equipment during the year.
iii) No loans and advances were granted to promoters, directors, KMPs and the related parties
v) The company did not hold any Benanmi Property and hence no proceedings were inititated or pending against the company
vi) There are no borrowings from banks or financial institutions on the basis of current assets given as security.
vii) The company was not declared as a wilful defaulter by any bank or financial institution.
viii) The company did not enter into any transactions with struck off companies.
36 Undisclosed Income
All transactions were recorded in the books of accounts and there was no undisclosed income that has been surrendered or disclosed as income during the year.
38 Details of Crypto Currency or Virtual Currency
The Company has not traded nor has invested in Crypto Currency or Virtual Currency during the financial year.
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