Atul Ltd 2008-09

Schedules forming part of the Consolidated Account s 2009 2008 2009 2008 2009 2008 2009 2008 Buildings 3.80 3.80 3.80 3.80 - - - - Plant & machinery 127.50 127.50 61.52 48.34 65.98 79.16 13.18 13.18 Total 131.30 131.30 65.32 52.14 65.98 79.16 13.18 13.18 12 Lease: (a) The Company has taken various residential and office premises under operation lease or leave and license agreements. These are generally cancellable, having a term between 11 months and 3 years and have no specific obligation for renewal. Lease payments are recognised in the Profit and Loss Account under rent in Schedule 15. (b) The Company has given a building and plant & machinery on operating lease, the detail of which are as under: (Rs in lacs) Assets Gross block Depreciation fund Written down Depreciation for value the year Particulars As at As at March 31, 2009 March 31, 2008 Not later than one year 23.53 23.53 The future minimum lease payments to be received under the non-cancellable leases are as follows: (Rs in lacs) Particulars March 31, 2009 March 31, 2008 Profit for the year attributable to the equity shareholders Rs in lacs 4,237.82 3,046.95 Basic | weighted average number of equity shares outstanding during the year 2,96,61,733 2,96,61,733 Nominal value of equity share Rs 10 10 Basic and diluted Earning per Share Rs 14.29 10.27 10 Earning per Share : Earning per Share (EPS) - The numerators and denominators used to calculate basic and diluted Earning per Share: 11 Provisions: Name of the provision Balance Accrued Payments Provision Closing carried during during reversed | balance as at the year the year written carried as at March 31, 2008 back March 31, 2009 Leave encashment 1,156.37 302.52 236.40 - 1,222.49 13 (a) Suppliers and customers balances are subject to confirmation. (b) Depots debtors as per depots books and Head office books are in the process of reconciliation, adjustments, if any, will be made on completion of the reconciliation. Due to this, sundry debtors related to depots sales are disclosed as per Head office books of account. 14 The use of derivative instruments is governed by the policies of the Company, approved by the Board of Directors, which provide written principles on the use of such financial derivatives consistent with the risk management strategy of the Company. (1) The Company has entered into the following derivatives: (a) The Company uses foreign currency forward contracts to hedge its risks associated with foreign currency fluctuations relating to certain firm commitments and highly probable forecast transactions. The following are the outstanding forward exchange contracts entered into by the Company: As at No of Type US$ equivalent contracts (lacs) March 31, 2008 33 Sell 400.00 March 31, 2009 31 Sell 57.00 SCHEDULE 16 NOTES FORMING PART OF THE ACCOUNTS (Contd.) 106