Atul Ltd 2020-21

217 Statutory Report 22 - 87 Financial Statements 88 - 229 Corporate Overview 01 - 21 Note 29.12 Leases a) As a lessee i) Following are the changes in the carrying value of right-of-use assets: ( ` cr) Particulars As at March 31, 2021 As at March 31, 2020 Balance at the beginning of the year 6.53 7.10 Additions - - Deletions - - Depreciation | Amortisation (0.61) (0.57) Balance at the end of the year 5.92 6.53 ii) Following are the movements in lease liabilities: ( ` cr) Particulars As at March 31, 2021 As at March 31, 2020 Balance at the beginning of the year 6.71 7.10 Additions 1.93 - Deletions - - Finance cost accrued 0.35 0.35 Payment of lease liabilities (0.78) (0.73) Translation difference (0.01) (0.01) Balance at the end of the year 8.20 6.71 iii) T he following table provides details regarding the contractual maturities of lease liabilities as at March 31, 2021, on an undiscounted basis: ( ` cr) Particulars As at March 31, 2021 As at March 31, 2020 Less than one year 0.46 0.43 One to five years 2.79 2.61 More than five years 4.95 3.90 Total 8.20 6.94 The Group does not face a significant liquidity risk with regard to its lease liabilities as the current assets are sufficient to meet the obligations related to lease liabilities as and when they fall due. Rent paid to lessor for short-term lease period is recognised into the Consolidated Statement of Profit and Loss as Rent in Note 28 ‘Other expenses’. Cash payments for the principal portion and interest of the lease liabilities are classified within financing activities and short-term lease payments within operating activities.