Go Fashion (India) Limited {formerly known as Go Fashion (India) Private Limited}

Notes to the restated

 

sancial information

(Amount in ® Millions, except for share data or as otherwise stated)

Note
No.
35

36

@

)

a”
@

(b)

Earnings per share

 

 

 

 

 

     

 

   

 

Particulars For the three months period For the year ended
ended
3oiFunl021] —30/Funl2020| 31/Mar/021| S1/Mar2020] _31/Mar/2019

(Loss) profit afler ax (189.95) (85.98) 5.39) 526.34 309.47
Ada / Less: Preference dividend (0.05) (0.05)| %
Ada / Less: Dividend tax 0.0] %
(Loss) / profit after tax attributable for equity share holders (189.95) (598) aaa) 26.28 309.47
‘Weighted average number of equity shares (Nos.) 30,000,120 | 30,000,120 30,000,120 | 30,000,120) 30,000,120,
‘Weighted average potential equity shares due to CCPS (Nos.) 22197270 | 22,197,270 | 22,197,270 | 22,197,270 197,
Weighted average number of equity shares used in the calculation of basie and diluted EPS (Nos.) 52,197,390 | 52,197,390 | 52,197,390 | 52,197,390 | $2,197,390
Eamings por share™

Basic (8) 64) 2.65) (0.68) 10.08 593

Diluted (@)** G64) .65)| (0.68) 10.08 593
Face value of equity shares (@) 10.00 10.00 10.00 10.00 10.00

 

 

 

 

 

 

* Noie: EPS calculation is not annualised for 30-Iun-2031 and 30-Jun-2020,
** Note: Earnings Per Share has been re-stated in accordance with Indian Accounting Standard 33, to include the impact of Compulsorily Convertible Cumulative Preference S
as on the respective Balance Sheet Date, which is convertable ata fixed number of shares. There is no change in the Diluted number of shares with this effect

   

ares Outstanding

 

Contingent liabilities and commitments

 

Particulars sat
[SorFuni2021 [S0/Juni2020 | 30/Mar/2021[ 31/Mar/2020| _31/Mari2019

 

 

Contingent Nabilities
Claims against the company not acknowledged as debts,

 

  

 

 

 

 

 

 

 

 

 

 

‘Telangana CST demand FY 16-17 : : : - 37
Value Added Tax [VAT] Jammu and Kashmir FY 15-16 001 001 oo
VAT, Maharashtra FY 16-17 0.06 0.06 :
VAT, Maharashtra FY 17-18 0.19 0.19 :
Income Tax - AY 17-18, 744 148 -
Income Tax - AY 18-19 263 2063 :
Income Tax - AY 19-20 052 032 -
Value Added Tax, Kamataka FY 17-18 - :
Value Added Tax, Delhi FY 1 - :
Value Added Tax, Delhi FY 1 - :
‘Telangana GST - FY 2017-18 0x4 - -
Orissa GST - FY 2017-18 - :
170 10.85 170 108s a8
‘Commitments
Estimated amount of contracts remaining to be executed on capital account and not provided for 28.04 36.08 1233 26.89
Less: Capital advances paid (ass) (12.56) (636) (12.60)
Net Capital Commitments 12.19) 23.52 ‘597 14.29
Total 23.89 ‘MaT 17.67 25.14

 

 

 

The claims against the company not acknowledged as debts, has been arrived at based on the notice of demand and the Company is contesting this claim with the respective authority. Future

cash flows in respect of the above matters are determinable only on receipt of judgements/decisions pending at various forums/authorities. Management is hopeful of successful outcome in the
appellate proceedings.

Employee benefits
Defined contribution plan

The Company makes provident and pension fund contributions, which is a defined contribution plan, for qualifying employees. Additionally, the Company also provides, for covered employees,
health insurance through the Employee State Insurance scheme. Under the Schemes, the Company is requited to contribute a specified percentage of the payroll costs to fund the benefits. The
contributions payable to these plans by the Company are at rates specified in the rules of the Schemes. Expenses recognized against defined contribution plans:

 

 

Particulars For the three months period For the year ended
ended
‘30;Fun/2021| —30/Jun/2020| _31/Mar/2021| _31/Mar/2020] _31/Mar/2019

 

 

Included under ‘Contribution to provident and other funds’ (Refer Note 30)

Contributions to provident and pension funds 428 3.63 15.18 1343 8.16
Included under 'Staff welfare expenses! (Refer Note 30)
Contributions 10 employee state insurance 2.98 3.03 1166 12.36 1059
Contributions to labour welfare fund 0.01

 

 

 

 

 

 

Defined benefit plans
The Company operates a gratuity plan covering qualifying employees. The benefit payable is calculated as per the Payment of Gratuity Act, 1972 and the benefit vests upon completion of five
yeats of continuous service and once vested itis payable to employees on retirement or on termination of employment. In case of death while in service, the gratuity is payable irrespective of
Vesting. The Company makes annual contribution to the group gratuity scheme administered by the Life Insurance Comporation of India,

 

‘The present value of the defined benefit obligation, and the related current service cost and paid service cost, were measured using the projected unit cost eredit method.

250
