132 Annual Report 2023-24 Atul Ltd Note 2 Property, plant and equipment and capital work-in-progress (` cr) Particulars Land - freehold Rightof-use leasehold land1 Buildings2 Plant and equipment Vehicles Office equipment and furniture Roads Bearer plants Total Capital work-inprogress3 Gross carrying amount As at March 31, 2022 70.69 3.93 244.34 1,566.28 10.58 10.78 14.89 0.73 1,922.22 173.44 Additions 1.54 - 71.85 186.83 3.85 2.68 0.98 - 267.73 457.06 Disposals, transfers and adjustments - 0.04 (14.97) (47.18) (1.49) 0.58 (0.07) - (63.09) (274.19) As at March 31, 2023 72.23 3.97 301.22 1,705.93 12.94 14.04 15.80 0.73 2,126.86 356.31 Additions 9.40 - 22.35 442.51 4.22 9.47 5.50 - 493.45 356.01 Disposals, transfers and adjustments - - (1.06) (20.63) (1.82) - - - (23.51) (495.05) As at March 31, 2024 81.63 3.97 322.51 2,127.81 15.34 23.51 21.30 0.73 2,596.80 217.27 Depreciation | Amortisation Up to March 31, 2022 - 0.41 51.76 581.88 2.53 0.77 12.61 0.06 650.02 - For the year - 0.05 8.94 148.04 2.36 2.22 0.69 0.02 162.32 - Disposals, transfers and adjustments - 0.03 (3.02) (27.25) (0.86) 0.56 (0.07) - (30.61) - Up to March 31, 2023 - 0.49 57.68 702.67 4.03 3.55 13.23 0.08 781.73 - For the year - 0.05 10.52 167.00 2.71 2.40 0.98 0.02 183.68 - Disposals, transfers and adjustments - - (1.94) (17.34) (1.53) - (0.01) - (20.82) - Up to March 31, 2024 - 0.54 66.26 852.33 5.21 5.95 14.20 0.10 944.59 - Net carrying amount As at March 31, 2024 72.23 3.48 243.54 1,003.26 8.91 10.49 2.57 0.65 1,345.13 356.31 As at March 31, 2024 81.63 3.43 256.25 1,275.48 10.13 17.56 7.10 0.63 1,652.21 217.27 Notes: 1The Company has taken on lease a parcel of land from Gujarat Industrial Development Corporation for a period of 99 years with an option to extend the lease by another 99 years on expiry of lease at a rental that is 100% higher than the prevailing rent. It has considered that such a lease of land transfers substantially all of the risks and rewards incidental to ownership of land. 2Includes premises on ownership basis of ` 1.10 cr (March 31, 2023: ` 1.10 cr) and cost of fully paid share in co-operative society of ` 2,000 (March 31, 2023: ` 2,000). 3Capital work-in-progress mainly comprises addition | expansion projects in progress. Refer Note 17 (c) for information on property, plant and equipment hypothecated | mortgaged as security by the Company. refer Note 29.2 for disclosure of contractual commitment for the acquisition of property, plant and equipment. According to the assessment of the Management, there are no events or changes in circumstances that suggest impairment of property, plant and equipment as per Ind AS 36 ‘Impairment of Assets’. Consequently, no provision for impairment has been recorded.
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