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The obligations are presented as current liabilities in the Balance Sheet if the Company does not have an unconditional
right to defer settlement for at least 12 months after the reporting period, regardless of when the actual settlement is
expected to occur.
w) Research and Development expenditure:
Research and Development expenditure is charged to revenue under the natural heads of account in the year in which
it is incurred. Research and Development expenditure on property, plant and equipment is treated in the same way as
expenditure on other property, plant and equipment.
x) Earnings per share:
/îƑŠĿŠijƙ ƎĚƑ ƙĺîƑĚ ȳ/¡¬ȴ Ŀƙ ČîŕČƭŕîƥĚē ċNj ēĿDŽĿēĿŠij ƥĺĚ ŠĚƥ ƎƑūǛƥ ūƑ ŕūƙƙ ljūƑ ƥĺĚ ƎĚƑĿūē îƥƥƑĿċƭƥîċŕĚ ƥū ĚƐƭĿƥNj ƙĺîƑĚĺūŕēĚƑƙ
by the weighted average number of equity shares outstanding during the period. Earnings considered in ascertaining the
/¡¬ Ŀƙ ƥĺĚ ŠĚƥ ƎƑūǛƥ ljūƑ ƥĺĚ ƎĚƑĿūē îŠē îŠNj îƥƥƑĿċƭƥîċŕĚ ƥîNJ ƥĺĚƑĚƥū ljūƑ ƥĺĚ ƎĚƑĿūēȦ
GūƑ ƥĺĚ ƎƭƑƎūƙĚ ūlj ČîŕČƭŕîƥĿŠij ēĿŕƭƥĚē /¡¬ȡ ƥĺĚ ŠĚƥ ƎƑūǛƥ ljūƑ ƥĺĚ ƎĚƑĿūē îƥƥƑĿċƭƥîċŕĚ ƥū ĚƐƭĿƥNj ƙĺîƑĚĺūŕēĚƑƙ îŠē ƥĺĚ DžĚĿijĺƥĚē
average number of equity shares outstanding during the period is adjusted for the effects of all dilutive potential equity
shares.
Critical estimates and judgements
¡ƑĚƎîƑîƥĿūŠ ūlj ƥĺĚ GĿŠîŠČĿîŕ ¬ƥîƥĚŞĚŠƥƙ ƑĚƐƭĿƑĚ ƭƙĚ ūlj îČČūƭŠƥĿŠij ĚƙƥĿŞîƥĚƙ DžĺĿČĺȡ ċNj ēĚǛŠĿƥĿūŠȡ DžĿŕŕ ƙĚŕēūŞ ĚƐƭîŕ ƥĺĚ îČƥƭîŕ
results. This Note provides an overview of the areas that involved a higher degree of judgement or complexity, and of items
which are more likely to be materially adjusted due to estimates and assumptions turning out to be different than those
originally assessed. Detailed information about each of these estimates and judgements is included in relevant notes together
with information about the basis of calculation for each affected line item in the Financial Statements.
The areas involving critical estimates or judgements are:
i) Estimation of useful life of tangible assets: Note 1 (g)
ĿĿȴ /ƙƥĿŞîƥĿūŠ ūlj ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠȠ sūƥĚ ǨǮȦǬ
iii) Fair value measurements: Note 28.7
Estimates and judgements are continually evaluated. They are based on historical experience and other factors, including
ĚNJƎĚČƥîƥĿūŠƙ ūlj ljƭƥƭƑĚ ĚDŽĚŠƥƙ ƥĺîƥ ŞîNj ĺîDŽĚ î ǛŠîŠČĿîŕ ĿŞƎîČƥ ūŠ ƥĺĚ ūŞƎîŠNj îŠē ƥĺîƥ îƑĚ ċĚŕĿĚDŽĚē ƥū ċĚ ƑĚîƙūŠîċŕĚ ƭŠēĚƑ
the circumstances.
Corporate Overview 01-22
Statutory Reports 23-105
Financial Statements 107-250
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Atul Ltd | Annual Report 2018-19