Accounting Policies of Shashank Traders Ltd. Company

Mar 31, 2025

2 SIGNIFICANT ACCOUNTING POLICIES

This note provides a list of the significant accounting policies adopted in the preparation of these financial statements.
These policies have been consistently applied to all the years presented, unless otherwise stated.

i Basis of preparation

a) Compliance with Ind AS

This financial statement has been prepared to comply in all material respects with the Indian Accounting Standard Act,
2013, read together with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian
Accounting Standards) Amendment Rules, 2016 issued by the Ministry of Corporate Affairs (''MCA''). In addition, the
Guidance notes/announcements issued by the Institute of Chartered Accountants of India (ICAI) are also applied
except where compliance with other statutory promulgations requires a different treatment

b) Basis of Measurement

The financial statements have been prepared on the accrual and going concern basis and the historical cost convention
except where the Ind-AS requires a different accounting treatment. Historical cost is generally based on fair value of the
consideration given in exchange of Goods & Services

c) Use of Estimates & Judgements

The preparation of financial statements in conformity with Ind AS requires management to make judgments, estimates
and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities,
income and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on a periodic basis. Revisions to accounting estimates are
recognized in the period in which the estimates are revised and in any future periods affected. In particular, information
about significant areas of estimation, uncertainty and critical judgments in applying accounting policies that have the
most significant effect on the amounts recognized in the financial statements is included in the following notes:

i) Income taxes: The Companys tax jurisdiction is India. Significant management judgement is required to determine
the amount of deferred tax assets that can be recognised, based upon the likely timing and the level of future taxable
profits together with future tax planning strategies.

^{ii) Other estimates:} The preparation of financial statements involves estimates and assumptions that affect the reported
amount of assets, liabilities, disclosure of contingent liabilities at the date of financial statements and the reported
amount of revenues and expenses for the reporting period. Specifically, the Company estimates the probability of
collection of accounts receivable by analyzing historical payment patterns etc.

d) Current versus non-current classification

The Company presents assets and liabilities in the balance sheet based on current/ non-current classification.

An asset is treated as current when it is:

-Expected to be realised or intended to be sold or consumed in normal operating cycle
Held primarily for the purpose of trading

Expected to be realised within twelve months after the reporting period, or
Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months
after the reporting period
All other assets are classified as non-current.

A liability is current when:

It is expected to be settled in normal operating cycle
It is held primarily for the purpose of trading

It is due to be settled within twelve months after the reporting period, or
There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period

The Company classifies all other liabilities as non-current.

Deferred tax assets and liabilities are classified as non-current assets and liabilities.

The operating cycle is the time between the acquisition of assets for processing and their realisation in cash and cash
equivalents. Based on the nature of products/ activities of the Company and the normal time between the aquisition of
the assets and their realisation in cash or cash equivalent, the Company has determined its operating cycle 12 montths
for the purpose of classification of its assets and liabilities as current and non current.

3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

i) Property, plant and equipment

Property, Plant and Equipment is carried at cost less accumulated depreciation and accumulated impairment losses, if
any. The cost comprises its purchase price, directly attributable cost of bringing the asset to its working condition for its
intended use and borrowing Costs attributable to construction of qualifying asset, upto the date assset is ready for its
intended use; any trade discounts and rebates are deducted in arriving at the purchase price.

Subsequent costs

Subsequent costs are included in the asset''s carrying amount or recognised as a separate asset, as appropriate, only
when it is probable that future economic benefits associated with the item will flow to the company and the cost of the
item can be measured reliably. All other repairs and maintenance are charged to profit or loss during the reporting
period in which they are incurred.

Derecoginition

An item of Property, Plant & Equipment is derecognised upon disposal or when no future economic benefits are
expected from the use. Any gains and losses on disposal of an item of Property, Plant and Equipment are determined by
comparing the proceeds from disposal with the carrying amount of Property, Plant and Equipment and are recognised
net within "Other income/ Other expenses" in the Statement of Profit and Loss.

Depreciation

Depreciation is charged on the assets as per Written Down Value method at rates worked outbased on the useful lives
and in the manner prescribed in the Schedule II to the Companies Act, 2013.The depreciation method, useful lives and
residual value are reviewed at each of the reporting date.Depreciation on additions (disposals) is provided on a pro-rata
basis i.e. from (upto) the date on which the asset is ready for use (disposed off). The residual values anduseful life are
reviewed, and adjusted if appropriate, at the end of each reporting period.An asset''s carrying amount is written down
immediately to its recoverable amount if the asset''s carrying amount is greater than its estimated recoverable amount.

_ii) Intangible assets

Intangible assets with finite useful lives are carried at cost less accumulated amortisation and impairment losses, if any.
The cost of an intangible asset comprises its purchase price, including any import duties and other taxes (other than
those subsequently recoverable from the tax authorities), and any directly attributable expenditure on making the asset
ready for its intended use and net of any trade discounts and rebates. Subsequent expenditure on an intangible asset
after its purchase / completion is recognised as an expense when incurred unless it is probable that such expenditure
will enable the asset to generate future economic benefits in excess of its originally assessed standards of performance
and such expenditure can be measured and attributed to the asset reliably, in which case such expenditure is added to
the cost of the asset

Amortisation methods and periods:

The intangible assets are amortized over their respective individual estimated useful lives on a straight-line basis,
commencing from the date the asset is available to the Company for its use. The amortisation period are reviewed at the
end of each financial year and the amortisation method is revised to reflect the changed pattern

iii) Financial Instruments

a) Financial Assets

Financial assets comprise investments in equity instruments, loans and advances , trade receivables, Cash and cash
equivalents and other eligible assets.

Initial recognition and measurement:

All financial assets are recognised initially at fair value except trade recievables which are initially measured at
transaction price. Transaction costs that are attributable to the acquisition of the financial asset (other than financial
assets recorded at fair value through profit or loss) are included in the fair value of the financial assets. Purchase or sale
of financial assets that require delivery of assets within a time frame established by regulation or convention in the
market place (regular way trades) are recognised on the trade date, i.e., the date that the Company commits to purchase
or sell the asset.

Subsequent Measurement:

-Financial Assets measured at amortised cost: Financial assets held within a business model whose objective is to hold
financial assets in order to collect contractual cash flows and the contractual terms of the financial asset give rise on
specified dates to cash flows that are solely payment of principal and interest (SPPI) on principal amount outstanding
are measured at amortised cost using effective interest rate (EIR) method.

They are presented as current assets, except for those maturing later than 12 months after the reporting date which are
presented as non-current assets. These financial assets are subsequently carried at amortized cost using the effective
interest method, less any impairment loss. The EIR amortisation is recognised as finance income in the Statement of
Profit and Loss.

- Financial assets at fair value through other comprehensive income (FVTOCI): Financial assets held within a
business model whose objective is achieved by both collecting the contractual cash flows and selling the financial assets
and the contractual terms of the financial assets give rise on specified dates to cash flows that are solely payment
towards principal and interest (SPPI) on principal outstanding are subsequently measured at FVTOCI. Fair value
movements in financial assets at FVTOCI are recognised in other comprehensive income. However, the Company
recognises interest income, impairment losses & reversals and foreign exchange gain loss in statement of profit and loss.
On derecognition of the asset, cumulative gain or loss previously recognised in OCI is reclassified from equity to profit
and loss. Interest earned is recognised under the expected interest rate (EIR) model.

-Equity instruments other than investment in associates: Equity instruments held for trading are classified at fair value
through Profit or Loss (FVTPL). For other equity instruments the Company classifies the same as at FVTOCI. The
classification is made on initial recognition and is irrevocable. Fair value changes on equity instruments at FVTOCI,
excluding dividends, are recognised in other comprehensive income (OCI).

- Financial assets at fair value through fair value through Profit or Loss (FVTPL): Financial assets are measured at
FVTPL if is does not meet the criteria for classification as measured at amortised cost or at fair value through other
comprehensive income. Fair value changes are recognised in Statement of Profit and Loss.

Derecognition of financial assets:

Financial assets are derecognised when the contractual rights to the cash flows from the financial assets expire or the
financial asset is transferred and the transfer qualified for derecognition. On derecognition of financial asset in its
entirety the difference between the carrying amount (measured at the date of derecognition) and the consideration
received (including any new asset obtained less any new liability assumed) shall be recognised in Statement of Profit
and Loss.

Impairment of financial assets:

Trade receivables, contract assets, receivables under Ind AS 109 are tested for impairment based on the expected credit
losses (ECL) for the respective financial asset. ECL impairment loss allowance (or reversal) recognised during the period
is recognised as income/expense in the Statement of Profit and Loss. The approach followed by the company for
recognising the impairment loss is given below:

1) Trade receivables

An impairment analysis is performed at each reporting date. The expected credit losses over lifetime of the asset are
estimated by adopting the simplified approach using a provision matrix which is based on historical loss rates
reflecting current condition and forecasts of future economic conditions.

2) Other financial assets

For recognition of impairment loss on other financial assets and risk exposure, the Company determines that whether
there has been a significant increase in the credit risk since initial recognition. If credit risk has not increased
significantly, 12-month ECL is used to provide for impairment loss. However, if credit riskhas increased significantly,
lifetime ECL issued. If in subsequent period, credit quality of the instrument improves such that there is no longer a
significant increase in credit risk since initial recognition, then the entity reverts to recognising impairment loss
allowance based on 12 month ECL.

b) Financial liabilities:

Financial liabilities comprise borrowings, trade payables and other eligible liabilities.

Initial recognition and measurement:

Financial liabilities are initially recognised at fair value. Any transaction costs that are attributable to the acquisition of
the financial liabilities (except financial liabilities at fair value through profit or loss) are deducted from the fair value of
financial liabilities.

Subsequent measurement

Financial liabilities at amortised cost: The Company has classified the following under amortised cost:

a) Trade payables

b) Other financial liabilities

Amortised cost for financial liabilities represents amount at which financial liability is measured at initial recognition
minus the cumulative amortisation using the effective interest rate (EIR) method of any difference between that initial
amount and the maturity amount.

- Financial liabilities at fair value through profit or loss (FVTPL): Financial liabilities at fair value through profit or loss
include financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value
through profit or loss. Financial liabilities are classified as held for trading if they are incurred for the purpose of
repurchasing in the near term.

Financial liabilities designated upon initial recognition at fair value through profit or loss are designated as such at the
initial date of recognition, and only if the criteria in Ind AS 109 are satisfied.

For trade and other payables maturing within one year from the Balance Sheet Date are carried at a value which is
approximately equal to fair value due to the short maturity of these instuments.

Derecognition of financial liabilities

A financial liability shall be derecognised when, and only when, it is extinguished i.e. when the obligation specified in
the contract is discharged or cancelled or expires.

c) Offsetting financial instruments

Financial assets and liabilities are offset and the net amount is reported in the balance sheet where there is a legally
enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or realise the asset
and settle the liability simultaneously. The legally enforceable right must not be contingent on future events and must be
enforceable in the normal course of business and in the event of default, insolvency or bankruptcy of the Company or
the counterparty.

d) Reclassification of Financial Assets

The Company determines the classification of financial assets and liabilities on initial recognition. After initial
recognition, no reclassification is made for financial assets which are categorised as equity instruments at FVTOCI and
financial assets or financial liabilities that are specifically designated at FVTPL. For financial assets, which are debt
instruments, a reclassification is made only if there is a change in the business model for managing those assets.
Changes to the business model are expected to be infrequent. The management determines change in the business model
as a result of external or internal changes which are significant to the Company''s operations. A change in the business
model occurs when the Company either begins or ceases to perform an activity that is significant to its operations. If the
company reclassifies financial assets, it applies the reclassification prospectively from the reclassification date which is
the first day of immediately next reporting period following the change in business model. The Company does not
restate any previously recognised gains, losses (including impairment gains or losses) or interest.

iv) B orrow ing Costs

Borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset are
capitalised as part of the cost of that asset. Other borrowing costs are recognized as expenses in the period in which
they are incurred. To the extent the Company borrows funds generally and uses them for the purpose of obtaining a
qualifying asset, the Company determines the amount of borrowings costs eligible for capitalization by applying a
capitalization rate to the expenditure incurred on such asset. The capitalization rate is determined based on the
weighted average of borrowing costs applicable to the borrowings of the Company which are outstanding during the
period, other than borrowings made specifically towards purchase of the qualifying asset. The amount of borrowing
costs that the Company capitalizes during a period does not exceed the amount of borrowing costs incurred during that
period.

_v) Impairment of non-financial assets

The carrying amount of the Companys non-financial assets, other than deferred tax assets are reviewed at each
reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset''s
recoverable amount is estimated.

The recoverable amount of an asset or cash generating unit is the greater of its value in use and its fair value less costs to
sell. In assessing value in use, the estimated future cash flows are discounted to present value using a pre-tax discount
rate that reflects current market assessments of the time value of money and the risk specific to the asset. For the purpose
of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets
that generates cash inflows from the continuing use that are largely independent of cash inflows of other assets or
group of assets (the cash generating unit).

An impairment loss is recognized if the carrying amount of an asset or its cash generating unit exceeds its estimated
recoverable amount. Impairment losses are recognised in the Statement of Profit and Loss. Impairment losses are
recognised in respect of cash generating units are allocated first to reduce the carrying amount of any goodwill
allocated to the units and then to reduce the carrying amount of the other assets in the unit or group of units on a pro
rata basis.

Reversal of impairment loss

Impairment losses recognized in prior periods are assessed at each reporting date for any indications that the loss has
decreased or no longer exists.

An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An
impairment loss is reversed only to the extent that the asset''s carrying amount does not exceed the carrying amount that
would have been determined, net of depreciation or amortization, if no impairment loss had been recognized directly in
other comprehensive income and presented within equity.

_vi) Inventories

Inventories are valued at lower of cost and net realizable value. The costs comprise its purchase price and any directly
attributable cost of bringing to its present location and condition. Net realizable value is the estimated selling price in
the ordinary course of business, less the estimated costs of completion and the estimated variable costs necessary to
make the sale

---

Mar 31, 2024

i) Property, plant and equipment

Property, Plant and Equipment is carried at cost less accumulated depreciation and accumulated impairment
losses, if any. The cost comprises its purchase price, directly attributable cost of bringing the asset to its working
condition for its intended use and borrowing Costs attributable to construction of qualifying asset, upto the date
assset is ready for its intended use; any trade discounts and rebates are deducted in arriving at the purchase

Subsequent costs

Subsequent costs are included in the asset''s carrying amount or recognised as a separate asset, as appropriate,
only when it is probable that future economic benefits associated with the item will flow to the company and the
cost of the item can be measured reliably. All other repairs and maintenance are charged to profit or loss during
the reporting period in which they are incurred.

Derecoginition

An item of Property, Plant & Equipment is derecognised upon disposal or when no future economic benefits are
expected from the use. Any gains and losses on disposal of an item of Property, Plant and Equipment are
determined by comparing the proceeds from disposal with the carrying amount of Property, Plant and Equipment
and are recognised net within "Other income/ Other expenses" in the Statement of Profit and Loss.

Depreciation

Depreciation is charged on the assets as per Written Down Value method at rates worked out based on the useful
lives and in the manner prescribed in the Schedule II to the Companies Act, 2013.The depreciation method, useful
lives and residual value are reviewed at each of the reporting date.Depreciation on additions (disposals) is
provided on a pro-rata basis i.e. from (upto) the date on which the asset is ready for use (disposed off). The
residual values and useful life are reviewed, and adjusted if appropriate, at the end of each reporting period.An
asset''s carrying amount is written down immediately to its recoverable amount if the asset''s carrying amount is

ii) Intangible assets

Intangible assets with finite useful lives are carried at cost less accumulated amortisation and impairment losses,
if any. The cost of an intangible asset comprises its purchase price, including any import duties and other taxes
(other than those subsequently recoverable from the tax authorities), and any directly attributable expenditure on
making the asset ready for its intended use and net of any trade discounts and rebates. Subsequent expenditure
on an intangible asset after its purchase / completion is recognised as an expense when incurred unless it is
probable that such expenditure will enable the asset to generate future economic benefits in excess of its
originally assessed standards of performance and such expenditure can be measured and attributed to the asset
reliably, in which case such expenditure is added to the cost of the asset

Amortisation methods and periods:

The intangible assets are amortized over their respective individual estimated useful lives on a straight-line basis,
commencing from the date the asset is available to the Company for its use. The amortisation period are reviewed
at the end of each financial year and the amortisation method is revised to reflect the changed pattern

iii) Financial Instruments

a) Financial Assets

Financial assets comprise investments in equity instruments, loans and advances , trade receivables, Cash and
cash equivalents and other eligible assets.

Initial recognition and measurement:

All financial assets are recognised initially at fair value except trade recievables which are initially measured at
transaction price. Transaction costs that are attributable to the acquisition of the financial asset (other than
financial assets recorded at fair value through profit or loss) are included in the fair value of the financial assets.
Purchase or sale of financial assets that require delivery of assets within a time frame established by regulation or
convention in the market place (regular way trades) are recognised on the trade date, i.e., the date that the
Company commits to purchase or sell the asset.

Subsequent Measurement:

-Financial Assets measured at amortised cost: Financial assets held within a business model whose objective is
to hold financial assets in order to collect contractual cash flows and the contractual terms of the financial asset
give rise on specified dates to cash flows that are solely payment of principal and interest (SPPI) on principal
amount outstanding are measured at amortised cost using effective interest rate (EIR) method.

They are presented as current assets, except for those maturing later than 12 months after the reporting date
which are presented as non-current assets. These financial assets are subsequently carried at amortized cost
using the effective interest method, less any impairment loss. The EIR amortisation is recognised as finance
income in the Statement of Profit and Loss.

- Financial assets at fair value through other comprehensive income (FVTOCI): Financial assets held within a
business model whose objective is achieved by both collecting the contractual cash flows and selling the financial
assets and the contractual terms of the financial assets give rise on specified dates to cash flows that are solely
payment towards principal and interest (SPPI) on principal outstanding are subsequently measured at FVTOCI.
Fair value movements in financial assets at FVTOCI are recognised in other comprehensive income. However, the
Company recognises interest income, impairment losses & reversals and foreign exchange gain loss in statement
of profit and loss. On derecognition of the asset, cumulative gain or loss previously recognised in OCI is
reclassified from equity to profit and loss. Interest earned is recognised under the expected interest rate (EIR)
model.

-Equity instruments other than investment in associates: Equity instruments held for trading are classified at
fair value through Profit or Loss (FVTPL). For other equity instruments the Company classifies the same as at
FVTOCI. The classification is made on initial recognition and is irrevocable. Fair value changes on equity
instruments at FVTOCI, excluding dividends, are recognised in other comprehensive income (OCI).

- Financial assets at fair value through fair value through Profit or Loss (FVTPL): Financial assets are measured
at FVTPL if is does not meet the criteria for classification as measured at amortised cost or at fair value through
other comprehensive income. Fair value changes are recognised in Statement of Profit and Loss.

Derecognition of financial assets:

Financial assets are derecognised when the contractual rights to the cash flows from the financial assets expire or
the financial asset is transferred and the transfer qualified for derecognition. On derecognition of financial asset
in its entirety the difference between the carrying amount (measured at the date of derecognition) and the
consideration received (including any new asset obtained less any new liability assumed) shall be recognised in
Statement of Profit and Loss.

Impairment of financial assets:

Trade receivables, contract assets, receivables under Ind AS 109 are tested for impairment based on the expected
credit losses (ECL) for the respective financial asset. ECL impairment loss allowance (or reversal) recognised
during the period is recognised as income/ expense in the Statement of Profit and Loss. The approach followed by
the company for recognising the impairment loss is given below:

1) Trade receivables

An impairment analysis is performed at each reporting date. The expected credit losses over lifetime of the asset
are estimated by adopting the simplified approach using a provision matrix which is based on historical loss
rates reflecting current condition and forecasts of future economic conditions.

2) Other financial assets

For recognition of impairment loss on other financial assets and risk exposure, the Company determines that
whether there has been a significant increase in the credit risk since initial recognition. If credit risk has not
increased significantly, 12-month ECL is used to provide for impairment loss. However, if credit risk has
increased significantly, lifetime ECL issued. If in subsequent period, credit quality of the instrument improves
such that there is no longer a significant increase in credit risk since initial recognition, then the entity reverts to
recognising impairment loss allowance based on 12 month ECL.

b) Financial liabilities:

Financial liabilities comprise borrowings, trade payables and other eligible liabilities.

Initial recognition and measurement:

Financial liabilities are initially recognised at fair value. Any transaction costs that are attributable to the
acquisition of the financial liabilities (except financial liabilities at fair value through profit or loss) are deducted
from the fair value of financial liabilities.

Subsequent measurement

Financial liabilities at amortised cost: The Company has classified the following under amortised cost:

a) Trade payables

b) Other financial liabilities

Amortised cost for financial liabilities represents amount at which financial liability is measured at initial
recognition minus the cumulative amortisation using the effective interest rate (EIR) method of any difference
between that initial amount and the maturity amount.

- Financial liabilities at fair value through profit or loss (FVTPL): Financial liabilities at fair value through profit
or loss include financial liabilities held for trading and financial liabilities designated upon initial recognition as
at fair value through profit or loss. Financial liabilities are classified as held for trading if they are incurred for the
purpose of repurchasing in the near term.

Financial liabilities designated upon initial recognition at fair value through profit or loss are designated as such
at the initial date of recognition, and only if the criteria in Ind AS 109 are satisfied.

For trade and other payables maturing within one year from the Balance Sheet Date are carried at a value which
is approximately equal to fair value due to the short maturity of these instuments.

Derecognition of financial liabilities

A financial liability shall be derecognised when, and only when, it is extinguished i.e. when the obligation
specified in the contract is discharged or cancelled or expires.

c) Offsetting financial instruments

Financial assets and liabilities are offset and the net amount is reported in the balance sheet where there is a
legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or
realise the asset and settle the liability simultaneously. The legally enforceable right must not be contingent on
future events and must be enforceable in the normal course of business and in the event of default, insolvency or
bankruptcy of the Company or the counterparty.

d) Reclassification of Financial Assets

The Company determines the classification of financial assets and liabilities on initial recognition. After initial
recognition, no reclassification is made for financial assets which are categorised as equity instruments at
FVTOCI and financial assets or financial liabilities that are specifically designated at FVTPL. For financial assets,
which are debt instruments, a reclassification is made only if there is a change in the business model for
managing those assets. Changes to the business model are expected to be infrequent. The management
determines change in the business model as a result of external or internal changes which are significant to the
Company''s operations. A change in the business model occurs when the Company either begins or ceases to
perform an activity that is significant to its operations. If the company reclassifies financial assets, it applies the
reclassification prospectively from the reclassification date which is the first day of immediately next reporting
period following the change in business model. The Company does not restate any previously recognised gains,
losses (including impairment gains or losses) or interest.

_v) Impairment of non-financial assets

The carrying amount of the Company''s non-financial assets, other than deferred tax assets are reviewed at each
reporting date to determine whether there is any indication of impairment. If any such indication exists, then the
asset''s recoverable amount is estimated.

The recoverable amount of an asset or cash generating unit is the greater of its value in use and its fair value less
costs to sell. In assessing value in use, the estimated future cash flows are discounted to present value using a pre¬
tax discount rate that reflects current market assessments of the time value of money and the risk specific to the
asset. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into
the smallest group of assets that generates cash inflows from the continuing use that are largely independent of
cash inflows of other assets or group of assets (the cash generating unit).

An impairment loss is recognized if the carrying amount of an asset or its cash generating unit exceeds its
estimated recoverable amount. Impairment losses are recognised in the Statement of Profit and Loss. Impairment
losses are recognised in respect of cash generating units are allocated first to reduce the carrying amount of any
goodwill allocated to the units and then to reduce the carrying amount of the other assets in the unit or group of
units on a pro rata basis.

Reversal of impairment loss

Impairment losses recognized in prior periods are assessed at each reporting date for any indications that the
loss has decreased or no longer exists.

An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable
amount. An impairment loss is reversed only to the extent that the asset''s carrying amount does not exceed the
carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had
been recognized directly in other comprehensive income and presented within equity.

_vi) Inventories

Inventories are valued at lower of cost and net realizable value. The costs comprise its purchase price and any
directly attributable cost of bringing to its present location and condition. Net realizable value is the estimated
selling price in the ordinary course of business, less the estimated costs of completion and the estimated variable
costs necessary to make the sale