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Atul Ltd | Annual Report 2016-17
(
`
cr)
Note 3 Investment properties
As at
March 31, 2017
As at
March 31, 2016
As at
April 01, 2015
Land – freehold
Gross carrying amount | Deemed cost
3.22
3.22
3.22
Net carrying amount
3.22
3.22
3.22
a) Amount recognised in Statement of Profit and Loss for investment properties
The Company has classified parcels of freehold land held for a currently undeterminable future use as investment
properties. There are no amounts pertaining to these investment properties recognised in the Statement of Profit and
Loss, since the Company does not receive any rental income, incur any depreciation or other operating expenses.
b) The Company does not have any contractual obligations to purchase, construct or develop, for maintenance or
enhancements of investment property.
c) Fair value.
(
`
cr)
Particulars
As at
March 31, 2017
As at
March 31, 2016
As at
April 01, 2015
Investment properties
134.00
145.00
130.00
134.00
145.00
130.00
Estimation of fair value
The Company obtains independent valuations for its investment properties at least annually. The best evidence of fair
value is current prices in an active market for similar properties. Where such information is not available, the Company
considers information from a variety of sources including:
i)
Current prices in an active market for investment properties of different nature or recent prices of similar investment
properties in less active markets, adjusted to reflect those differences.
ii) Discounted cash flow projections based on reliable estimates of future cash flows.
iii) Capitalised income projections based upon a estimated net market income from investment properties and a
capitalisation rate derived from an analysis of market evidence.
The fair values of investment properties have been determined by reputed third party and independent valuers. The main
inputs used are the rental growth rates, expected vacancy rates, terminal yields and discount rates based on comparable
transactions and industry data. All resulting fair value estimates for investment properties are included in level 3.
(
`
cr)
Note 4 Intangible assets
Computer
software
Gross carrying amount
Deemed cost as at April 01, 2015
0.21
As at March 31, 2016
0.21
As at March 31, 2017
0.21
Amortisation
Amortisation charged for the year
0.09
Up to March 31, 2016
0.09
Amortisation charged for the year
0.10
Up to March 31, 2017
0.19
Net carrying amount
As at April 01, 2015
0.21
As at March 31, 2016
0.12
As at March 31, 2017
0.02
(
`
cr)
Note 5 Non-current investments
As at
March 31, 2017
As at
March 31, 2016
As at
April 01, 2015
a) Investment in equity instruments of subsidiary companies
measured at cost
1
103.27
95.55
97.39
b) Investment in equity instruments of joint venture company
measured at cost
6.13
6.13
6.13
c) Investment in Preference shares of subsidiary companies at
amortised cost
7.10
6.43
8.21
116.50
108.11
111.73
a) Investment in equity instruments of other company measured
at FVOCI
414.27
337.69
376.12
b) Investment in Government or Trust securities measured at
amortised cost
0.01
0.01
0.01
414.28
337.70
376.13
530.78
445.81
487.86
¹ Includes share application money
Notes
to the Financial Statements