Atul Ltd 2011-12

111 ( ` cr) NOTE 5 DEFERRED TAX LIABILITIES (NET) As at March 31, 2012 Charge | (credit) during the year As at March 31, 2011 Deferred tax liabilities: on account of timing difference in depreciation 29.41 0.54 28.87 29.41 0.54 28.87 Deferred tax assets: on account of timing difference in (a) Provision for leave encashment 5.86 1.17 4.69 (b) Provision for doubtful debts 0.39 0.25 0.14 (c) Provision for doubtful advances 0.06 - 0.06 (d) Voluntary retirement scheme 0.40 (0.52) 0.92 (e) Expenses disallowed under Section 40 (ia) of the Income Tax Act, 1961 0.39 0.39 - 7.10 1.29 5.81 (f) Deferred tax liabilities | (assets) of subsidiary companies 0.46 0.48 (0.02) Net deferred tax liabilities | (assets) 22.77 (0.27) 23.04 ( ` cr) NOTE 6 LONG-TERM PROVISIONS As at March 31, 2012 As at March 31, 2011 Provision for leave entitlement 3.51 2.60 Gratuity 0.03 - 3.54 2.60 ( ` cr) NOTE 7 SHORT-TERM BORROWINGS As at March 31, 2012 As at March 31, 2011 (a) Secured Loans repayable on demand from banks 152.89 79.19 (b) Unsecured Loans from banks 25.07 20.00 (c) Buyers’ credit arrangement 22.71 62.08 200.67 161.27 ( ` cr) NOTE 8 TRADE PAYABLES As at March 31, 2012 As at March 31, 2011 (a) Trade payables including acceptances 266.63 234.92 266.63 234.92 Notes to Consolidated financial statements