Atul Ltd 2015-16

Atul Ltd | Annual Report 2015-16 ( ` cr) Note 5 Deferred tax liabilities (net) As at March 31, 2016 As at March 31, 2015 Deferred tax liabilities: on account of timing difference in depreciation 76.08 53.54 76.08 53.54 Deferred tax assets: on account of timing difference in a) Provision for leave encashment 7.81 7.40 b) Provision for doubtful debts 1.32 1.50 c) Provision for doubtful advances 0.07 0.07 d) Voluntary Retirement Scheme – 0.16 9.20 9.13 Deferred tax liabilities (net) 66.88 44.41 ( ` cr) Note 6 Other long-term liabilities As at March 31, 2016 As at March 31, 2015 Security deposits 24.50 20.13 24.50 20.13 ( ` cr) Note 7 Long-term provisions As at March 31, 2016 As at March 31, 2015 Provision for leave entitlement 17.23 15.86 17.23 15.86 ( ` cr) Note 8 Short-term borrowings As at March 31, 2016 As at March 31, 2015 a) Secured* Working capital loans repayable on demand from banks 76.90 51.61 b) Unsecured Loan from banks including foreign banks 53.07 12.52 Loan from Related Parties 10.50 – c) Buyers’ credit 6.91 – d) Commercial papers 100.00 100.00 e) Deposit from the Directors 0.01 0.01 247.39 164.14 * Security details: Secured by hypothecation of tangible current assets, namely, inventories and book debts of the Company as a whole and also secured by second and subservient charge on immovable and movable assets of the Company to the extent of individual bank limit as mentioned in joint consortium documents. This also extends to guarantees and letter of credits given by the bankers aggregating ` 65.03 cr (Previous year : ` 70.66 cr) The maximum amount outstanding of commercial papers during the year was ` 200 cr (Previous year: ` 100 cr) Notes to the Financial Statements