Corporate Overview Statutory Reports Financial Statements 163 Note 29.5 Current and deferred tax (continued) f) Deferred tax liabilities (net) The balance comprises temporary differences attributable to the below items and corresponding movement in deferred tax liabilities | (assets): (` cr) Particulars As at March 31, 2024 Charged | (Credited) to As at March 31, 2023 Charged | (Credited) to As at March 31, 2022 profit or loss OCI | equity profit or loss OCI | equity Property, plant and equipment 111.10 18.44 - 92.66 7.53 - 85.13 Unrealised gain on mutual fund 2.35 2.24 - 0.11 (3.57) - 3.68 Fair value equity investments (net ) 36.79 - 21.22 15.57 - (11.81) 27.38 Total deferred tax liabilities 150.24 20.68 21.22 108.34 3.96 (11.81) 116.19 Provision for leave encashment (9.72) (0.07) - (9.65) (0.35) - (9.30) Provision for doubtful debts (3.36) 0.08 - (3.44) (0.37) - (3.07) Regulatory and other charges (2.24) (0.80) - (1.44) 4.89 - (6.33) Investment properties (8.23) (0.44) - (7.79) (0.36) - (7.43) Cash flow hedges 0.13 - 0.03 0.16 - (0.14) 0.30 Total deferred tax assets (23.42) (1.23) 0.03 (22.16) 3.81 (0.14) (25.83) Net deferred tax liabilities | (assets) 126.82 19.45 21.19 86.18 7.77 (11.95) 90.36 Note 29.6 Employee benefit obligations Funded schemes a) Defined benefit plans Gratuity The Company operates a gratuity plan through the Atul Ltd Employees Gratuity Fund. Every employee is entitled to a benefit equivalent to the last drawn salary of 15 days for each completed year of service in line with the Payment of Gratuity Act, 1972 or the Company scheme, whichever is more beneficial. Gratuity is payable at the time of separation or retirement from the Company, whichever is earlier. The benefit vests after five years of continuous service. (` cr) Particulars Present value of obligation Fair value of plan assets Net amount As at March 31, 2022 61.16 (61.16) - Current service cost 4.13 - 4.13 Interest expense | (income) 3.92 (3.92) - Total amount recognised in profit and loss 8.05 (3.92) 4.13 Remeasurement (Gain) | loss from changes in demographic assumptions 1.06 - 1.06 (Gain) from change in financial assumptions (3.87) 0.06 (3.81) Experience loss (0.97) - (0.97) Total amount recognised in other comprehensive income (3.78) 0.06 (3.72) Employer contributions - (0.42) (0.42) Benefit payments (4.43) 4.43 - Liability transferred (out ) | in 0.01 - 0.01
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