211 / 236
209
(
`
cr)
Summarised Balance Sheet
Amal Ltd
As at
March 31, 2017
As at
March 31, 2016
As at
April 01, 2015
Current assets
10.12
–
–
Current liabilities
12.04
–
–
Net current assets
(1.92)
–
–
Non-current assets
27.90
–
–
Non-current liabilities
5.93
–
–
Net non-current assets
21.97
–
–
Net assets
20.05
–
–
Accumulated NCI
12.68
–
–
(
`
cr)
Summarised Statement of Profit and Loss
Amal Ltd
2016-17
2015-16
Revenue
8.12
–
Profit for the year
0.35
–
Other Comprehensive Income
0.01
–
Total Comprehensive Income
0.36
–
Profit allocated to NCI
0.23
–
Dividends paid to NCI
–
–
(
`
cr)
Summarised cash flows
Amal Ltd
2016-17
2015-16
Cash flows from operating activities
4.14
–
Cash flows from investing activities
(1.47)
–
Cash flows from financing activities
(1.16)
–
Net increase|(decrease) in cash and cash equivalents
1.51
–
c) Transactions with non-controlling interests
The Group acquired additional stake of 49% in Anchor Adhesives Pvt Ltd. Immediately prior to the purchase, the carrying
amount of the existing 49% non-controlling interests was
`
0.19 cr. The Group recognised a decrease in non-controlling
interests of
`
0.19 cr and decrease in equity attributable to owners of the parent of
`
1.89 cr. The effect on the equity
attributable to the owners of the Company during the year is summarised as follows:
(
`
cr)
Particulars
As at
March 31, 2017
As at
March 31, 2016
Carrying amount of non-controlling interests acquired
–
0.19
Consideration paid to non-controlling interests
–
2.08
Excess of consideration paid recognised in retained earnings within equity
–
1.89
There were no transactions with non-controlling interests in 2017, no other transactions with non-controlling interests
in 2016.
d) Interests in associate company and joint venture company accounted using the equity method
(
`
cr)
Name of entity
Place of
business |
country of
incorporation
% of
ownership
interest
Relationship
Quoted fair value
Carrying amount
As at
March 31,
2017
As at
March 31,
2016
As at
April 01,
2015
As at
March 31,
2017
As at
March 31,
2016
As at
April 01,
2015
Amal Ltd
India
36.74% Associate
–
7.56
6.05
–
–
–
Rudolf Atul Chemicals Ltd India
50.00% Joint venture
*
*
*
10.00
14.31
10.55
Total
10.00
14.31
10.55
*Note: Unlisted entity - no quoted price available
Notes
to the Consolidated Financial Statements