144 / 260
b) Movements in provisions:
(
`
cr)
Particulars
As at
March 31, 2019
As at
March 31, 2018
Regulatory
and other
charges
/ljǜƭĚŠƥ
disposal
Regulatory
and other
charges
/ljǜƭĚŠƥ
disposal
Balance as at the beginning of the year
-
1.50
-
ǧȦǫǪ
gĚƙƙȠ ÀƥĿŕĿƙĚē
-
(1.50)
-
ȳǧȦǫǪȴ
Provision made during the year
20.79
1.87
-
1.50
Balance as at the end of the year
20.79
1.87
-
1.50
(
`
cr)
Note 17 Borrowings
Maturity
Terms of
repayment
Interest
rate p.a.
As at
March 31, 2019
As at
March 31, 2018
Current
Current
ÀŠƙĚČƭƑĚē
Deposit from the Directors
1 - 12 months 1 - 12 months
6.50%
-
0.01
-
0.01
a) Security details:
Working capital loans repayable on demand from banks (March 31, 2019: nil, March 31, 2018: nil) is secured by
hypothecation of tangible current assets, namely, inventories and book debts of the Company as a whole and also
secured by second and subservient charge on immovable and movable assets of the Company to the extent of individual
bank limit as mentioned in joint consortium documents. This also extends to guarantees and letters of credit given by the
bankers aggregating to
`
102.31 cr (March 31, 2018:
`
88.30 cr).
(
`
cr)
Note 16 Provisions
As at
March 31, 2019
As at
March 31, 2018
Current
Non-current
Current
Non-current
a) Provision for compensated absences
6.56
18.70
6.86
17.71
b) Others {refer a (ii) and b below}
22.66
-
1.50
-
29.22
18.70
8.36
17.71
îȴ TŠljūƑŞîƥĿūŠ îċūƭƥ ĿŠēĿDŽĿēƭîŕ ƎƑūDŽĿƙĿūŠƙ îŠē ƙĿijŠĿǛČîŠƥ ĚƙƥĿŞîƥĚƙ
i)
Compensated absences:
The Compensated absences cover the liability for sick and earned leave. Out of the total amount disclosed above,
the amount of
`
6.56 cr (March 31, 2018 :
`
6.86 cr) is presented as current, since the Company does not have an
unconditional right to defer settlement for any of these obligations. However, based on past experience, the Company
does not expect all employees to take the full amount of accrued leave or require payment within the next 12 months.
ii) Others:
Regulatory and other charges:
The Company has provided for certain regulatory and other charges for which claims have been received by the
Company. The provision represents the unpaid amount that the entity expects to incur | pay for which the obligating
event has already arisen as on the reporting date.
/ljǜƭĚŠƥ ēĿƙƎūƙîŕȠ
¹ĺĚ ĚŠƥĿƥNj ĺîƙ ƎƑūDŽĿēĚē ljūƑ ĚNJƎĚŠƙĚƙ Ŀƥ ĚƙƥĿŞîƥĚƙ ƥū ĿŠČƭƑ ljūƑ ƙîljĚ ēĿƙƎūƙîŕ ūlj ĚljǜƭĚŠƥ ĿŠ ŕĿŠĚ DžĿƥĺ ƥĺĚ ƑĚijƭŕîƥūƑNj
framework it operates in. The provision represents the unpaid amount the entity expects to incur for which the
obligating event has already arisen as on the reporting date.
Corporate Overview 01-22
Statutory Reports 23-105
Financial Statements 107-250
ǧǪǨ
Atul Ltd | Annual Report 2018-19