Atul Ltd 2017-18

Atul Ltd | Annual Report 2017-18 Note 17 Borrowings (continued) g) Net debt reconciliation: ( ` cr) Particulars Liabilities from financing activities Current borrowings Non-current borrowings Total Net debt as at March 31, 2017 144.59 23.10 167.69 Repayments (128.68) (23.10) (151.78) Interest expense 7.38 – 7.38 Interest paid (7.38) – (7.38) Net debt as at March 31, 2018 15.91 – 15.91 ( ` cr) Note 18 Other financial liabilities As at March 31, 2018 As at March 31, 2017 Current Non- current Current Non- current a) Current maturities of long-term debt (refer Note 17) – – 22.72 – b) Employee benefits payable 23.93 – 21.71 – c) Security deposits – 22.46 – 21.92 d) Interest accrued, but not due – – 0.20 – e) Unclaimed dividend* 1.95 – 1.71 – f) Unclaimed matured deposits and interest thereon* 0.01 – 0.01 – g) Creditor for capital goods 19.64 – 20.52 – h) Other liabilities (includes discount payable) 12.13 2.77 7.76 2.13 57.66 25.23 74.63 24.05 * There is no amount due and outstanding to be credited to Investor Education and Protection Fund as at March 31, 2018. ( ` cr) Note 19 Provisions As at March 31, 2018 As at March 31, 2017 Current Non- current Current Non- current a) Provision for compensated absences 7.69 17.84 6.74 20.15 b) Others {refer a(ii) and (b) below} 3.18 – 2.86 – 10.87 17.84 9.60 20.15 a) Information about individual provisions and significant estimates i) Compensated absences: T he Compensated absences cover the liability for sick and earned absences. Out of the total amount disclosed above, the amount of ` 7.69 cr (March 31, 2017: ` 6.08 cr) is presented as current, since the Group does not have an unconditional right to defer settlement for any of these obligations. However, based on past experience, the Group does not expect all employees to take the full amount of accrued leave or require payment within the next 12 months. ii) Effluent disposal: T he Group has provided for expenses it estimates to be incurred for safe disposal of waste in line with the regulatory framework it operates in. The provision represents the unpaid amount the entity expects to incur for which the obligating event has already arisen as on the reporting date. Notes to the Consolidated Financial Statements