Notes to Accounts of Deccan Transcon Leasing Ltd.

Mar 31, 2024

10. PROVISIONS AND CONTINGENT LIABILITIES

A provision is recognized if, as a result of a past event, the Company has a present legal obligation that
is reasonably estimable, and it is probable that an outflow of economic benefits will be required to
settle the obligation. Provisions are determined by the best estimate of the likely future outflow of
economic benefits required to settle the obligation at the reporting date.

Where no reliable estimate can be made, a disclosure is made as contingent liability. A disclosure for
a contingent liability is also made when there is a possible obligation or a present obligation that may,
but probably will not, require an outflow of resources. Where there is a possible obligation or a
present obligation in respect of which the likelihood of outflow of resources is remote, no provision
or disclosure is made.

11. CASH & CASH EQUIVALENTS

Cash and cash equivalents comprise cash and cash on deposit with banks. The Company considers
all highly liquid investments with a remaining maturity at the date of purchase of three months or
less and that are readily convertible to known amounts of cash to be cash equivalents.

12. SEGMENT REPORTING

Company is operating under a single segment.