Atul Ltd 2020-21

220 Atul Ltd | Annual Report 2020-21 Note 29.15 Interests in other entities (continued) Name of entity Principal activity Place of business | country of incorporation Ownership interest held by the Group Ownership interest held by the non-controlling interest As at March 31, 2021 As at March 31, 2020 As at March 31, 2021 As at March 31, 2020 % % % % Biyaban Agri Ltd Agri products India 100 100 - - DPD Ltd Agri products UK 98 98 2 2 Jayati Infrastructure Ltd Infrastructure India 100 100 - - Lapox Polymers Ltd Polymers India 100 100 - - Osia Dairy Ltd Dairy India 100 100 - - Osia Infrastructure Ltd Infrastructure India 100 100 - - Raja Dates Ltd Agri products India 100 100 - - The Group holds 49.86% of equity share capital of Amal Ltd. Based on facts and circumstances including dispersion of holdings of other shareholders, common promoters of both the companies, operational dependency on the company, the Group has concluded that Atul Ltd continues to control Amal Ltd as it has existing rights that give it the current ability to direct relevant activities of Amal Ltd. b) Non-controlling interests (NCI) Set out below is summarised financial information for each subsidiary company that has non-controlling interests that are material to the Group. The amounts disclosed for each subsidiary company are before inter-company eliminations. ( ` cr) Summarised Balance Sheet Amal Ltd As at March 31, 2021 As at March 31, 2020 Current assets 26.10 23.90 Current liabilities 7.41 4.22 Net current assets 18.69 19.68 Non-current assets 40.15 32.12 Non-current liabilities 2.87 4.65 Net non-current assets 37.28 27.47 Net assets 55.97 47.15 Accumulated NCI 1 27.91 23.51 1 During the previous year ` 1.41 cr on account of change in ownership interest in Amal Ltd ( ` cr) Summarised Statement of Profit and Loss Amal Ltd 2020-21 2019-20 Revenue 31.66 34.34 Profit for the year 8.85 9.19 Other comprehensive income (0.01) - Total comprehensive income 8.84 9.19 Profit allocated to NCI 4.43 4.33 Dividends paid to NCI - -