Atul Ltd 2014-15

Atul Ltd | Annual Report 2014-15 NOTE 4 LONG-TERM BORROWINGS (continued) No. Type of loan | Nature of security Terms of repayment iii) Foreign currency loan from a foreign financial institution amounting to ` 23.47 cr (Previous year: ` 47.58 cr) is secured by first pari passu charge by way of hypothecation of all movable fixed assets and mortgage of immovable properties of the Company, present and future, excluding specific assets with exclusive charge and second charge on entire current assets of the Company, present and future. Tranche 1:7 half yearly installments beginning from January 15, 2013 along with interest @ 6 month LIBOR + 225 bps p.a. (balance installments payable-1 of ` 2.60 cr each). Tranche 2:7 half yearly installments beginning from July 15, 2013 along with interest @ 6 month LIBOR + 225 bps p.a. (balance installments payable - 2 of ` 10.43 cr each). iv) a) Unsecured rupee term loan from a bank amounting to ` 0.03 cr (Previous year: ` 0.05 cr). 20 equal quarterly installments beginning from November 30, 2011 along with interest @ Base rate +1.5% p.a. (balance installments payable - 4 for ` 0.01 cr each). b) Unsecured rupee term loan from a bank amounting to ` 0.11 cr (Previous year: ` 0.21 cr). Quarterly installments beginning from December 01, 2012 along with interest @ Base rate +1.5% p.a. (balance installments payable - 3 of ` 0.04 cr each). ( ` cr) NOTE 5 DEFERRED TAX LIABILITIES (NET) As at March 31, 2015 Charge | (Credit) during the year As at March 31, 2014 Statement of Profit and Loss General reserve* Total Deferred tax liabilities: on account of timing difference in depreciation 53.54 14.49 (4.80) 9.69 43.85 53.54 14.49 (4.80) 9.69 43.85 Deferred tax assets: on account of timing difference in a) Provision for leave encashment 7.40 0.18 – 0.18 7.22 b) Provision for doubtful debts 1.50 0.36 – 0.36 1.14 c) Provision for doubtful advances 0.07 0.01 – 0.01 0.06 d) Voluntary Retirement Scheme 0.16 0.12 – 0.12 0.04 9.13 0.67 – 0.67 8.46 Net deferred tax liabilities | (assets) 44.41 13.82 (4.80) 9.02 35.39 *Refer Note 12(c) ( ` cr) NOTE 6 OTHER LONG-TERM LIABILITIES As at March 31, 2015 As at March 31, 2014 Security deposits 20.13 17.80 20.13 17.80 ( ` cr) NOTE 7 LONG-TERM PROVISIONS As at March 31, 2015 As at March 31, 2014 Provision for leave entitlement 15.86 15.16 15.86 15.16 Notes to the Financial Statements