Atul Ltd 2019-20

217 Consolidated | Notes to the Financial Statements Note 29.10 Offsetting financial assets and liabilities (continued) b) Collateral against borrowings The Group has hypothecated | mortgaged assets as collateral against a number of its sanctioned line of credit (Refer to Note 16 for further information on assets hypothecated | mortgaged as security). In case of default as per borrowing arrangement such collateral can be adjusted against the amounts due. Note 29.11 Earnings per share Earnings per share (EPS) - The numerators and denominators used to calculate basic and diluted EPS Particulars 2019-20 2018-19 Profit for the year attributable to the equity shareholders ` cr 670.91 436.02 Basic | Weighted average number of equity shares outstanding during the year Number 29,661,733 29,661,733 Nominal value of equity share ` 10 10 Basic and diluted EPS ` 224.69 145.72 Note 29.12 Leases The Group adopted Ind AS 116, ‘Lease’ effective from April 01, 2019, and has elected to apply this standard to its leases with modified retrospective approach with the cumulative effect, recognised at the date of initial application. Initial lease liability has been measured at present value of the remaining lease payments and discounted at incremental borrowing rate of the Group as on April 01, 2019, with an equivalent amount for the right-of-use asset. The comparative information of previous year is not restated as permitted by Ind AS 116. a) As a lessee i) Following are the changes in the carrying value of right-of-use assets: ( ` cr) Particulars As at March 31, 2020 As at April 01, 2019 7.10 Additions - Deletions - Depreciation | Amortisation (0.57) As at March 31, 2020 6.53 ii) Following movement in lease liabilities: ( ` cr) Particulars As at March 31, 2020 As at April 01, 2019 7.10 Additions - Deletions - Finance cost accrued 0.35 Payment of lease liabilities (0.73) Translation difference (0.01) As at March 31, 2020 6.71