Atul Ltd 2014-15

Atul Ltd | Annual Report 2014-15 NOTE 28.9 INTEREST IN JOINT VENTURE COMPANY (continued) Statement of Profit and Loss for the year ended March 31, 2015 ( ` cr) Particulars 2014-15 2013-14 Revenue Revenue from operations 22.03 15.56 Other income 0.75 0.50 22.78 16.06 Expenses Cost of materials consumed 12.89 10.20 Purchase of stock-in-trade 1.60 0.49 Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.08 (0.20) Employee benefit expenses – – Finance costs 0.01 0.01 Depreciation and amortisation expenses 0.40 0.39 Other expenses 3.74 2.53 18.72 13.42 Profit before tax 4.06 2.64 Tax expense Current tax 1.40 0.94 Deferred tax (0.08) (0.06) 1.32 0.88 Net profit | (loss) 2.74 1.76 NOTE 28.10 Amalgamation of Amal Ltd The Board of Directors (Board) approved the Scheme of Amalgamation of Amal Ltd with the Company (Scheme) on December 05, 2014. The Board has approved a share swap ratio of 1 Equity share of the face value of ` 10 each fully paid up of Atul Ltd for every 50 Equity shares of the face value of ` 10 each fully paid up of Amal Ltd. In terms of the Scheme, the appointed date is April 01, 2014. The Scheme of Amalgamation has been awaiting approval from the Board for Industrial and Financial Reconstruction. Pending all other statutory approvals, no effect to the above Scheme has been given in the Financial Statements. The impact of the Scheme of the Financial Statements is not expected to be material. Notes to the Consolidated Financial Statements