Atul Ltd 2020-21

202 Atul Ltd | Annual Report 2020-21 ( ` cr) Note 29.4 (I) Outstanding balances at the year end As at March 31, 2021 As at March 31, 2020 a) With entities over which Key Management Personnel or their close family members have significant influence 1 Receivables 0.03 0.09 Atul Foundation Trust (current year: ` 13,006 and previous year ` 15,181) Atul Kelavani Mandal 0.01 0.01 Atul Rural Development Fund (current period: ` 20,256) 0.01 Atul Vidyalaya Trust 0.02 0.07 Urmi Stree Sanstha (current year: ` 9,633 and previous year: ` 10,023) 2 Payables 0.05 - Atul Vidyalaya 0.05 - Note 29.5 Current and deferred tax The major components of income tax expense for the years ended March 31, 2021, and March 31, 2020, are: a) Income tax expense recognised in the Consolidated Statement of Profit and Loss ( ` cr) Particulars 2020-21 2019-20 i) Current tax Current tax on profit for the year 208.58 214.37 Adjustments for current tax of prior periods (1.49) (1.47) Total current tax expense 207.09 212.90 ii) Deferred tax (Decrease) | Increase in deferred tax liabilities 24.44 7.88 Decrease | (Increase) in deferred tax assets (9.87) (13.37) Adjustments for deferred tax of prior periods due to change in statutory tax rate - (32.90) Total deferred tax expense | (benefit ) 14.57 (38.39) Income tax expense 221.66 174.51 b) Income tax expense recognised in statement of other comprehensive income ( ` cr) Particulars 2020-21 2019-20 i) Current tax Remeasurement gain | (loss) on defined benefit plans (0.34) (0.53) Total current tax expense (0.34) (0.53) ii) Deferred tax Fair value of equity investment 9.68 4.24 Effective portion of gain | (loss) on cash flow hedges 0.15 (0.41) Foreign currency translation reserve 0.46 3.40 Total deferred tax expense | (benefit ) 10.29 7.23 Income tax expense 9.95 6.70 Note 29.4 Related party disclosures (continued)