92 / 148
Atul Ltd | Annual Report 2013-14
(
`
cr)
NOTE 27.1 CONTINGENT LIABILITIES
As at
March 31, 2014
As at
March 31, 2013
(i) Claims against the Company not acknowledged as debts in
respects of:
(a) Excise
7.21
5.84
(b) Income tax
28.10
35.03
(c) Sales tax
0.67
–
(d) Customs
2.78
2.78
(e) Water charges
77.03
71.92
(f) Others
14.64
13.54
Note: Future cash outflows in respect of (a) to (f) above are
determinable on receipt of judgements | decisions pending with
various forums | authorities.
(ii) Guarantees given by the Company :
Corporate guarantee to a bank on behalf of subsidiary Company
for facilities availed by it
9.98
8.23
(
`
cr)
NOTE 27.2 COMMITMENTS
As at
March 31, 2014
As at
March 31, 2013
Estimated amount of contracts remaining to be executed on capital
accounts and not provided for (net of advances)
23.57
20.56
NOTE 27.3 RESEARCH AND DEVELOPMENT
Details of expenditure incurred on in-house Research and Development facilities approved by Department of
Scientific and Industrial Research, Ministry of Science and Technology, Government of India under Section 35 (2AB)
of Income tax Act, 1961.
(
`
cr)
Particulars
2013-14
2012-13
Capital expenditure
7.23
3.80
Recurring expenditure
16.68
12.88
23.91
16.68
(
`
cr)
NOTE 27.4 CIF VALUE OF IMPORT, EXPENDITURE, REMITTANCES
AND EARNINGS IN FOREIGN CURRENCY
2013-14
2012-13
(a) CIF value of imports:
Raw materials
387.16
313.91
Trading finished goods
28.46
10.98
Capital goods
7.68
4.45
(b) Expenditure in foreign currency:
Commission
4.64
4.72
Legal and professional charges
0.02
0.28
Finance costs
6.32
6.94
Other matters costs
13.13
9.45
(c) Other remittances:
Loan repayments
111.44
153.83
(d) Earnings in foreign currency:
FOB value of exports
1,045.26
929.01
Notes
to the Financial Statements