Atul Ltd 2010-11

Schedules forming part of accounts SCHEDULE 16 NOTES FORMING PART OF THE ACCOUNTS (contd) 9 Deferred tax adjustments recognised in the financial statements ( ` crores) Particulars Balance As at March 31, 2011 Charge | credit during the year Balance As at March 31, 2010 Deferred tax liabilities: on account of timing difference in (a) Depreciation | impairment loss 28.87 (0.18) 29.05 28.87 (0.18) 29.05 Deferred tax assets: on account of timing difference in (a) Provision for leave encashment 4.69 0.33 4.36 (b) 43 B expenses allowable – (0.42) 0.42 (c) Provision for doubtful debts 0.14 0.14 – (d) Provision for doubtful advances 0.06 – 0.06 (e) Payment under VRS 0.92 (0.71) 1.63 5.81 (0.66) 6.47 Net deferred tax liabilities | (assets) 23.06 0.48 22.58 10 Related party information (a) Name of the related party and nature of relationship: No Name of the related party Description of relationship Party where control exists 1 2 3 4 5 6 Atul Europe Ltd Atul Americas Inc Atul Deutschland GmbH Atul International Trading (Shanghai) Co Ltd Ameer Trading Corporation Ltd Atul Rajasthan Date Palms Ltd Subsidiary companies 7 8 9 10 11 12 13 Amal Ltd Atul Bioscience Ltd Gujarat Synthwood Ltd AtRo Ltd Atul Infotech Private Ltd Anchor Adhesives Private Ltd M. Dohmen S.A. Associate companies 14 15 16 17 18 19 Atul Bio Space Private Ltd Atul Clean Energy Private Ltd Biyaban Agri Ltd Raja Dates Ltd Aasthan Dates Ltd Atul Seeds Ltd Enterprises over which control exercised by key management personnel 76 | 77