Notes on the consolidated financial statements
37.
Tax Expense is the aggregate of current year income tax and deferred tax charged to the Statement of Profit and Loss for the year.
a) Current Year Charge:
Income Tax provision of
`
111.35 Crores (PY 78.98 Crores) has been made on regular income.
b) Deferred Tax
The Company estimates the deferred tax charge using the applicable rate of taxation based on the impact of timing differences
between financial statements and estimated taxable income for the current year. The movement of provision for deferred tax is
given below:
36. EARNINGS PER SHARE (EPS)
The numerators and denominators used to calculate Basic and Diluted Earning per share:
Particulars
Year ended
31 March 2016
Year ended
31 March 2015
Basic Earnings Per Share
Profit attributable to the Equity Shareholders – (A) (
`
in Crores)
229.20
175.60
Basic/Weighted average number of Equity Shares outstanding during the year (B)
7,94,69,000
7,72,44,198
Nominal value of Equity Shares (
`
)
2.00
2.00
Basic Earnings per share (
`
) – (A)/(B)
28.84
22.74
Diluted Earnings Per Share
Profit attributable to the Equity Shareholders – as above (
`
in Crores)
229.20
175.60
Interest Paid on Potential Equity Shares net of tax impact (
`
In Crores)
0
0
Profit considered for Diluted EPS (C)
229.20
175.60
Basic Weighted average number of Equity Shares outstanding during the year as above
7,94,69,000
7,72,44,198
Weighted Average Potential Equity Shares outstanding
1,02,612
0
Total weighted average shares considered for Diluted EPS (D)
7,95,71,612
7,72,44,198
Nominal value of Equity Shares (
`
)
2.00
2.00
Diluted Earning per share (
`
)- (C)/(D)
28.80
22.74
(
`
in crores)
Particulars
Opening as at
1.4.2015
Charge/(credit)
during the year
Closing as at
31.3.2016
Deferred Tax Liability
Depreciation
81.80
12.88
94.68
Deferred Tax Asset
Disallowances u/s 43B
2.71
0.36
3.07
Net Deferred Tax Liability
79.09
12.52
91.61
154
Kajaria Ceramics Limited
