Atul Ltd 2019-20

141 Standalone | Notes to the Financial Statements d) Current tax assets ( ` cr) Particulars As at March 31, 2020 As at March 31, 2019 Opening balance 3.74 0.67 Add: Taxes paid in advance, net of provision during the year 5.44 3.07 Closing balance 9.18 3.74 e) Current tax liabilities ( ` cr) Particulars As at March 31, 2020 As at March 31, 2019 Opening balance 0.18 8.01 Add: Current tax payable for the year 204.33 236.75 Less: Taxes paid (204.51) (244.58) Closing balance - 0.18 f) Deferred tax liabilities (net) T he balance comprises temporary differences attributable to the below items and corresponding movement in deferred tax liabilities | (assets): ( ` cr) Particulars As at March 31, 2020 Charged | (Credited) to As at March 31, 2019 Charged | (Credited) to As at March 31, 2018 profit or loss 1 OCI | equity profit or loss OCI | equity Property, plant and equipment 91.70 (45.88) - 137.58 (2.75) - 140.33 Unrealised gain on mutual fund 0.40 0.08 - 0.32 0.32 - - Fair value equity investments (net) 15.24 - 4.24 11.00 - 11.00 - Total deferred tax liabilities 107.34 (45.80) 4.24 148.90 (2.43) 11.00 140.33 Provision for leave encashment (6.97) 1.86 - (8.83) (0.25) - (8.58) Provision for doubtful debts (2.53) 0.13 - (2.66) (1.75) - (0.91) Regulatory and other charges (6.72) 2.07 - (8.79) (8.79) - - Investment properties (6.70) (0.22) - (6.48) (0.27) - (6.21) Cash flow hedges 0.02 - (0.41) 0.43 - 0.41 0.02 Total deferred tax assets (22.90) 3.84 (0.41) (26.33) (11.06) 0.41 (15.68) Net deferred tax liabilities | (assets) 84.44 (41.96) 3.83 122.57 (13.49) 11.41 124.65 ¹Inculdes ` 32.90 cr impact of tax rate changes. Note 28.6 Employee benefit obligations Funded schemes a) Defined benefit plans: Gratuity The Company operates a gratuity plan through the 'Atul Ltd Employees Gratuity Fund'. Every employee is entitled to a benefit equivalent to 15 days salary last drawn for each completed year of service in line with the Payment of Gratuity Act, 1972 or the Company scheme, whichever is beneficial. Gratuity is payable at the time of separation or retirement from the Company, whichever is earlier. The benefit vests after five years of continuous service. Note 28.5 Current and deferred tax (continued)