174 / 260
sūƥĚ ǨǮȦǧǬ ~ljljƙĚƥƥĿŠij ǛŠîŠČĿîŕ îƙƙĚƥƙ îŠē ŕĿîċĿŕĿƥĿĚƙ
The below Note presents the recognised assets that are offset, or subject to enforceable master netting arrangements and
other similar agreements but not offset, as at March 31, 2019 and March 31, 2018.
a) Collateral against borrowings
The Company has hypothecated | mortgaged assets as collateral against a number of its sanctioned line of credit. Refer
to Note 17 for further information on assets hypothecated | mortgaged as security.
b) Master netting arrangements – not currently enforceable
ijƑĚĚŞĚŠƥƙ DžĿƥĺ ēĚƑĿDŽîƥĿDŽĚ ČūƭŠƥĚƑƎîƑƥĿĚƙ îƑĚ ċîƙĚē ūŠ îŠ T¬' qîƙƥĚƑ ijƑĚĚŞĚŠƥȦ ÀŠēĚƑ ƥĺĚ ƥĚƑŞƙ ūlj ƥĺĚƙĚ
arrangements, only where certain credit events occur (such as default), the net position owing | receivable to a single
counterparty in the same currency will be taken as owing and all the relevant arrangements terminated. As the Company
does not presently have a legally enforceable right of set-off, these amounts have not been offset in the Balance Sheet.
Note 28.17 Changes in accounting policies
¹ĺĚ ūŞƎîŠNj îēūƎƥĚē TŠē ¬ ǧǧǫ ċNj ƭƙĿŠij ƥĺĚ ŞūēĿǛĚē ƑĚƥƑūƙƎĚČƥĿDŽĚ ƥƑîŠƙĿƥĿūŠ ŞĚƥĺūē ĚljljĚČƥĿDŽĚ ƎƑĿŕ Ǧǧȡ ǨǦǧǮȦ ÀŠēĚƑ
this method, the Company recognised the cumulative effect of initially applying Ind AS 115 as an adjustment to the opening
balance of retained earnings as at April 01, 2018. Comparative prior period has not been adjusted.
/ŠƥĿƥĿĚƙ îƎƎŕNjĿŠij ƥĺĚ ŞūēĿǛĚē ƑĚƥƑūƙƎĚČƥĿDŽĚ ŞĚƥĺūē ČîŠ ĚŕĚČƥ ƥū îƎƎŕNj ƥĺĚ ƑĚDŽĚŠƭĚ ƙƥîŠēîƑē ūŠŕNj ƥū ČūŠƥƑîČƥƙ ƥĺîƥ îƑĚ Šūƥ
completed as at the date of initial application (that is, they would ignore the effects of applying the revenue standard to
contracts that were completed prior to the date of initial application). However, the Company elected to apply the standard to
all contracts as at April 01, 2018.
There is no impact on the retained earnings as at April 01, 2018.
¹ĺĚ ljūŕŕūDžĿŠij ƥîċŕĚ ƎƑĚƙĚŠƥƙ ƥĺĚ îŞūƭŠƥƙ ċNj DžĺĿČĺ ĚîČĺ ǛŠîŠČĿîŕ ƙƥîƥĚŞĚŠƥ ŕĿŠĚ ĿƥĚŞ Ŀƙ îljljĚČƥĚē ĿŠ ƥĺĚ ČƭƑƑĚŠƥ NjĚîƑ ĚŠēĚē
March 31, 2019 by the application of Ind AS 115 as compared with the Ind AS 18 revenue recognition requirements. Line items
that were affected by the changes have been included.
As a result, the sub-totals and totals disclosed cannot be recalculated from the numbers provided. The adjustments are
explained as below:
(
`
cr)
Balance sheet (extract)
Note
As at
March 31, 2019
Increase |
(decrease)
As at
March 31, 2019
without adoption
of Ind AS 115
as reported
Current assets
Trade receivables
i
768.30
(6.12)
762.18
Total current assets
768.30
(6.12)
762.18
Total assets
768.30
(6.12)
762.18
Current liabilities
a) Trade payables
Creditors other than micro enterprises and small
enterprises
ii
ǪǧǭȦǦǪ
(6.12)
ǪǧǦȦǯǧ
b)
~ƥĺĚƑ ǛŠîŠČĿîŕ ŕĿîċĿŕĿƥĿĚƙ
iii
72.01
(3.92)
68.09
c) Contract liabilities
iii
-
8.15
8.15
d) Other current liabilities
iii
ǧǦȦǫǪ
ȳǪȦǨǩȴ
6.31
Total current liabilities
499.58
(6.12)
493.46
Total liabilities
499.58
(6.12)
493.46
Corporate Overview 01-22
Statutory Reports 23-105
Financial Statements 107-250
172
Atul Ltd | Annual Report 2018-19