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NOTES TO ACCOUNTS

Abhinav Capital Services Ltd.
You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 83.10 Cr. P/BV 1.08 Book Value (₹) 111.29
52 Week High/Low (₹) 235/103 FV/ML 10/1 P/E(X) 8.97
Bookclosure 30/09/2024 EPS (₹) 13.37 Div Yield (%) 0.00
Year End :2024-03 

(a) Statutory reserve fund

Statutory reserve fund is created by tranferring 20% of the profit for the year pursuant to section 45-IC of the Reserve Bank of India Act, 1934 for NBFC Companies. Appropriation from this Reserve Fund is permitted only for the purposes specified by RBI.

(b) Retained earnings

Retained earnings represent the surplus in profit and loss account and appropriations.

(c) Other comprehensive income

(iii) Other comprehensive income represents actuarial gains / (losses) arising on recognition of defined benefit plans.

(ii) On equity investments

The Company has elected to recognize changes in the fair value of certain investments in equity securities in other comprehensive income. These changes are accumulated in the FVOCI equity investments reserve. The Company transfers amounts from this reserve to retained earnings when the relevant equity securities are derecognized.

(iii) On debt investments

The Company recognizes changes in the fair value of debt instruments held with a dual business objective of collect and sell in other comprehensive income. These changes are accumulated in the FVOCI debt investments reserve. The Company transfers amounts from this reserve to profit or loss when the debt instrument is sold. Any impairment loss on such instruments is reclassified to Profit or Loss.

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