254 Atul Ltd | Annual Report 2021-22 Note 29.15 Interests in other entities (continued) (` cr) Summarised cash flows Amal Ltd 2021-22 2020-21 Cash flows from operating activities 4.91 5.72 Cash flows from investing activities (3.77) (4.83) Cash flows from financing activities (1.22) (1.01) Net increase | (decrease) in cash and cash equivalents (0.08) (0.12) c) Interests in joint venture company accounted using the equity method (` cr) Name of the entity Place of business | country of incorporation % of ownership interest Relationship Quoted fair value Carrying amount As at March 31, 2022 As at March 31, 2021 As at March 31, 2022 As at March 31, 2021 Rudolf Atul Chemicals Ltd India 50% Joint venture * * 28.11 24.32 Total 28.11 24.32 *Note: Unlisted entity - no quoted price available Rudolf Atul Chemicals Ltd The Group acquired 50% interest in Rudolf Atul Chemicals Ltd (RACL), a joint venture company in India between IB Industriechemie Beteiligungs GmbH (Germany) and Atul Ltd on August 18, 2011. RACL is engaged in the business of manufacturing and marketing textile chemicals. As per the contractual arrangement between the shareholders of RACL, both the companies have significant participating rights such that they jointly control the operations of the joint venture company. i) Commitments and contingent liabilities in respect of the joint venture company (` cr) Particulars As at March 31, 2022 As at March 31, 2021 Share in contingent liabilities in respect of disputed demands for income tax 0.32 0.32 Total commitments and contingent liabilities 0.32 0.32 ii) Summarised financial information in respect of the joint venture company The tables below provide summarised financial information in respect of the joint venture company that are material to the Group. The information disclosed are as presented in the Financial Statements of the joint venture company. They have been amended to reflect adjustments made by the entity when using the equity method, including fair value adjustments made at the time of acquisition and modifications for differences in accounting policies.
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