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Atul Ltd | Annual Report 2013-14
(
`
cr)
NOTE 5 DEFERRED TAX LIABILITIES (NET)
As at
Charge |
(credit)
during the
year
As at
March 31,
2014
March 31,
2013
Deferred tax liabilities:
on account of timing difference in depreciation
43.85
8.68
35.17
43.85
8.68
35.17
Deferred tax assets:
on account of timing difference in
(a) Provision for leave encashment
7.22
0.41
6.81
(b) Provision for doubtful debts
1.14
0.19
0.95
(c) Provision for doubtful advances
0.06
–
0.06
(d) Voluntary retirement scheme
0.04
(0.15)
0.19
8.46
0.45
8.01
Deferred tax liabilities | (assets) of subsidiary companies
1.70
1.58
0.12
Net deferred tax liabilities | (assets)
37.09
9.81
27.28
(
`
cr)
NOTE 4 LONG-TERM BORROWINGS
Non-current
Current maturities
As at
As at
As at
As at
March 31,
2014
March 31,
2013
March 31,
2014
March 31,
2013
Term loans
Secured:
(i) Rupee term loans from banks
5.00
8.84
1.50
–
(ii) Rupee term loans from a foreign
financial institution
31.25
41.66
10.42
10.42
(iii) Foreign currency term loans from banks
60.60
70.77
17.59
6.80
(iv) Foreign currency term loans from a
foreign financial institution
22.54
43.06
25.04
22.66
Unsecured:
(v) Rupee term loans from bank
0.10
0.02
0.16
0.34
(vi) Rupee term loan
–
0.01
–
–
119.49
164.36
54.71
40.22
Amount disclosed under the head ‘Other
Current Liabilities’ (see Note 9)
(54.71)
(40.22)
119.49
164.36
–
–
Notes
to the Consolidated Financial Statements