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

Notes to the rest

rated consolidated financial information

 

(Amount in 2 Millions, except for share data or as otherwise stated)

Note
No.
35

36

(a)

(b)

37
(a)

(b)

Earnings per share

 

 

 

 

 

 

Particulars For the year ended
31/Mar/2019

(Coss) / profit after tax 41.27

(Loss) / profit after tax attributable for equity share holders 411.27

Weighted average number of equity shares (Nos.) 30,000,120

Weighted average potential equity shares due to CCPS (Nos.) 22,197,270

Weighted average number of equity shares used in the calculation of basic and diluted EPS (Nos.) 52,197,390

 

Earnings per share

Basic (2) 7.88
Diluted (2)* 7.88
Face value of equity shares (2) 10.00

 

* Note: Earnings Per Share has been re-stated in accordance with INDAS 33 to include the impact of Compulsorily Convertible Cumulative
Preference Shares Outstanding as on 31.03.2019, which is convertable at a fixed number of shares. There is no change in the Diluted
number of shares with this effect.

Contingent liabilities and commitments

 

Particulars Asat
31/Mar/2019

 

‘Contingent liabilities
Claims against the company not acknowledged as debts

 

 

  

 

 

Telangana CST demand FY 16-17 3.77
Value Added Tax [VAT] Jammu and Kashmir FY 15-16 0.01
3.78
Commitments
Estimated amount of contracts remaining to be executed on capital account and not provided for 29.62

Less: Capital advances paid (7.55)
Net Capital Commitments 22.07
Total 25.85

 

 

 

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 required 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 year ended
31/Mar/2019
Included under ‘Contribution to provident and other funds’ (Refer Note 29)
Contributions to provident and pension funds 8.16
Included under 'Staff welfare expenses’ (Refer Note 29)
Contributions to employee state insurance 10.59

Contributions to labour welfare fund =

 

 

Defined benefit plans
‘The Company operates a gratuity plan covering qualifying employees. The benefit payable is s per the Payment of Gratuity Act,
1972 and the benefit vests upon completion of five years of continuous service and once vested it is 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 Corporation 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 credit method.

290
