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Revenue from services including those embedded in contract for sale of goods namely freight and insurance services
ŞîĿŠŕNj ĿŠ ČîƙĚ ūlj ĚNJƎūƑƥ ƙîŕĚƙȡ Ŀƙ ƑĚČūijŠĿƙĚē ƭƎūŠ ČūŞƎŕĚƥĿūŠ ūlj ƙĚƑDŽĿČĚ
s.
¤ĚDŽĚŠƭĚ Ŀƙ ŞĚîƙƭƑĚē ċîƙĚē ūŠ ƥĺĚ ČūŠƙĿēĚƑîƥĿūŠ ƥū DžĺĿČĺ ƥĺĚ HƑūƭƎ ĚNJƎĚČƥƙ ƥū ċĚ ĚŠƥĿƥŕĚē îƙ ƎĚƑ ČūŠƥƑîČƥ DžĿƥĺ î
ČƭƙƥūŞĚƑȦ ¹ĺĚ ČūŠƙĿēĚƑîƥĿūŠ Ŀƙ ēĚƥĚƑŞĿŠĚē ċîƙĚē ūŠ ƥĺĚ ƎƑĿČĚ ƙƎĚČĿǛĚē ĿŠ ƥĺĚ ČūŠƥƑîČƥȡ ŠĚƥ ūlj ƥĺĚ ĚƙƥĿŞîƥĚē DŽîƑĿîċŕĚ
ČūŠƙĿēĚƑîƥĿūŠȦ
ČČƭŞƭŕîƥĚē ĚNJƎĚƑĿĚŠČĚ Ŀƙ ƭƙĚē ƥū ĚƙƥĿŞîƥĚ îŠē ƎƑūDŽĿēĚ ljūƑ ƥĺĚ DŽîƑĿîċŕĚ ČūŠƙĿēĚƑîƥĿūŠȡ ƭƙĿŠij ƥĺĚ
ĚNJƎĚČƥĚē DŽîŕƭĚ ŞĚƥĺūēȡ îŠē ƑĚDŽĚŠƭĚ Ŀƙ ūŠŕNj ƑĚČūijŠĿƙĚē ƥū ƥĺĚ ĚNJƥĚŠƥ ƥĺîƥ Ŀƥ Ŀƙ ĺĿijĺŕNj ƎƑūċîċŕĚ ƥĺîƥ î ƙĿijŠĿǛČîŠƥ
reversal will not occur. Contracts with customers are for short-term, at an agreed price basis having contracted credit
period ranging up to 180 days. The contracts do not grant any rights of return to the customer. Returns of goods are
îČČĚƎƥĚē ċNj ƥĺĚ HƑūƭƎ ūŠŕNj ūŠ îŠ ĚNJČĚƎƥĿūŠ ċîƙĿƙȦ ¤ĚDŽĚŠƭĚ ĚNJČŕƭēĚƙ îŠNj ƥîNJĚƙ ūƑ ēƭƥĿĚƙ ČūŕŕĚČƥĚē ūŠ ċĚĺîŕlj ūlj ƥĺĚ
ijūDŽĚƑŠŞĚŠƥ DžĺĿČĺ îƑĚ ŕĚDŽĿĚē ūŠ ƙîŕĚƙ ƙƭČĺ îƙ ijūūēƙ îŠē ƙĚƑDŽĿČĚƙ ƥîNJȦ
ii) Other revenue:
/ŕĿijĿċŕĚ ĚNJƎūƑƥ ĿŠČĚŠƥĿDŽĚƙ îƑĚ ƑĚČūijŠĿƙĚē ĿŠ ƥĺĚ NjĚîƑ ĿŠ DžĺĿČĺ ƥĺĚ ČūŠēĿƥĿūŠƙ ƎƑĚČĚēĚŠƥ îƑĚ ŞĚƥ îŠē ƥĺĚƑĚ Ŀƙ Šū
ƙĿijŠĿǛČîŠƥ ƭŠČĚƑƥîĿŠƥNj îċūƭƥ ƥĺĚ ČūŕŕĚČƥîċĿŕĿƥNjȦ
TŠƥĚƑĚƙƥ ĿŠČūŞĚ ljƑūŞ ǛŠîŠČĿîŕ îƙƙĚƥƙ Ŀƙ ƑĚČūijŠĿƙĚē ƭƙĿŠij ƥĺĚ ĚljljĚČƥĿDŽĚ ĿŠƥĚƑĚƙƥ ƑîƥĚ ŞĚƥĺūēȦ ¹ĺĚ ĚljljĚČƥĿDŽĚ ĿŠƥĚƑĚƙƥ ƑîƥĚ
Ŀƙ ƥĺĚ ƑîƥĚ ƥĺîƥ ĚNJîČƥŕNj ēĿƙČūƭŠƥƙ ĚƙƥĿŞîƥĚē ljƭƥƭƑĚ Čîƙĺ ƑĚČĚĿƎƥƙ ƥĺƑūƭijĺ ƥĺĚ ĚNJƎĚČƥĚē ŕĿljĚ ūlj ƥĺĚ ǛŠîŠČĿîŕ îƙƙĚƥ ƥū
ƥĺĚ ijƑūƙƙ ČîƑƑNjĿŠij îŞūƭŠƥ ūlj î ǛŠîŠČĿîŕ îƙƙĚƥȦ ØĺĚŠ ČîŕČƭŕîƥĿŠij ƥĺĚ ĚljljĚČƥĿDŽĚ ĿŠƥĚƑĚƙƥ ƑîƥĚȡ ƥĺĚ HƑūƭƎ ĚƙƥĿŞîƥĚƙ ƥĺĚ
ĚNJƎĚČƥĚē Čîƙĺ ǜūDžƙ ċNj ČūŠƙĿēĚƑĿŠij îŕŕ ƥĺĚ ČūŠƥƑîČƥƭîŕ ƥĚƑŞƙ ūlj ƥĺĚ ǛŠîŠČĿîŕ ĿŠƙƥƑƭŞĚŠƥ ȳljūƑ ĚNJîŞƎŕĚȡ ƎƑĚƎîNjŞĚŠƥȡ
ĚNJƥĚŠƙĿūŠȡ Čîŕŕ îŠē ƙĿŞĿŕîƑ ūƎƥĿūŠƙȴ ċƭƥ ēūĚƙ Šūƥ ČūŠƙĿēĚƑ ƥĺĚ ĚNJƎĚČƥĚē ČƑĚēĿƥ ŕūƙƙĚƙȦ
'ĿDŽĿēĚŠēƙ îƑĚ ƑĚČūijŠĿƙĚē ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ ūŠŕNj DžĺĚŠ ƥĺĚ ƑĿijĺƥ ƥū ƑĚČĚĿDŽĚ ƎîNjŞĚŠƥ
Ŀƙ ĚƙƥîċŕĿƙĺĚēȫ Ŀƥ Ŀƙ ƎƑūċîċŕĚ ƥĺîƥ ƥĺĚ ĚČūŠūŞĿČ ċĚŠĚǛƥƙ îƙƙūČĿîƥĚē DžĿƥĺ ƥĺĚ ēĿDŽĿēĚŠē DžĿŕŕ ǜūDž ƥū ƥĺĚ HƑūƭƎ îŠē ƥĺĚ
amount of the dividend can be measured reliably.
Lease rental income is recognised on accrual basis.
Ěȴ TŠČūŞĚ ƥîNJȠ
¹ĺĚ ĿŠČūŞĚ ƥîNJ ĚNJƎĚŠƙĚ ūƑ ČƑĚēĿƥ ljūƑ ƥĺĚ ƎĚƑĿūē Ŀƙ ƥĺĚ ƥîNJ ƎîNjîċŕĚ ūŠ ƥĺĚ ƥîNJîċŕĚ ĿŠČūŞĚ ūlj ƥĺĚ ČƭƑƑĚŠƥ ƎĚƑĿūē ċîƙĚē
ūŠ ƥĺĚ îƎƎŕĿČîċŕĚ ĿŠČūŞĚ ƥîNJ ƑîƥĚƙ îēŏƭƙƥĚē ċNj ČĺîŠijĚƙ ĿŠ ēĚljĚƑƑĚē ƥîNJ îƙƙĚƥƙ îŠē ŕĿîċĿŕĿƥĿĚƙ îƥƥƑĿċƭƥîċŕĚ ƥū ƥĚŞƎūƑîƑNj
ēĿljljĚƑĚŠČĚƙ îŠē ƭŠƭƙĚē ƥîNJ ŕūƙƙĚƙȦ
¹ĺĚ ČƭƑƑĚŠƥ ĿŠČūŞĚ ƥîNJ ČĺîƑijĚ Ŀƙ ČîŕČƭŕîƥĚē ūŠ ƥĺĚ ċîƙĿƙ ūlj ƥĺĚ ƥîNJ ŕîDžƙ ĚŠîČƥĚē ūƑ ƙƭċƙƥîŠƥĿDŽĚŕNj ĚŠîČƥĚē îƥ ƥĺĚ ĚŠē ūlj ƥĺĚ
ƑĚƎūƑƥĿŠij ƎĚƑĿūēȦ qĿŠĿŞƭŞ ŕƥĚƑŠîƥĚ ¹îNJ ȳq ¹ȴ ƭŠēĚƑ ƥĺĚ ƎƑūDŽĿƙĿūŠƙ ūlj ƥĺĚ TŠČūŞĚ ¹îNJ Čƥȡ ǧǯǬǧ Ŀƙ ƑĚČūijŠĿƙĚē îƙ ČƭƑƑĚŠƥ
ƥîNJ ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ ¹ĺĚ ČƑĚēĿƥ îDŽîĿŕîċŕĚ ƭŠēĚƑ ƥĺĚ Čƥ ĿŠ ƑĚƙƎĚČƥ ūlj q ¹ ƎîĿē DžĿŕŕ ċĚ
ƑĚČūijŠĿƙĚē îƙ ēĚljĚƑƑĚē ƥîNJ îƙƙĚƥ ūŠŕNj DžĺĚŠ îŠē ƥū ƥĺĚ ĚNJƥĚŠƥ ƥĺĚƑĚ Ŀƙ ČūŠDŽĿŠČĿŠij ĚDŽĿēĚŠČĚ ƥĺîƥ ƥĺĚ HƑūƭƎ DžĿŕŕ ƎîNj ŠūƑŞîŕ
ĿŠČūŞĚ ƥîNJ ēƭƑĿŠij ƥĺĚ ƎĚƑĿūē ljūƑ DžĺĿČĺ ƥĺĚ q ¹ ČƑĚēĿƥ ČîŠ ċĚ ČîƑƑĿĚē ljūƑDžîƑē ljūƑ ƙĚƥȹūljlj îijîĿŠƙƥ ƥĺĚ ŠūƑŞîŕ ƥîNJ ŕĿîċĿŕĿƥNjȦ
Such asset is reviewed at each Balance Sheet date.
'ĚljĚƑƑĚē ĿŠČūŞĚ ƥîNJ Ŀƙ ƎƑūDŽĿēĚē ĿŠ ljƭŕŕȡ ūŠ ƥĚŞƎūƑîƑNj ēĿljljĚƑĚŠČĚƙ îƑĿƙĿŠij ċĚƥDžĚĚŠ ƥĺĚ ƥîNJ ċîƙĚƙ ūlj îƙƙĚƥƙ îŠē ŕĿîċĿŕĿƥĿĚƙ
îŠē ƥĺĚĿƑ ČîƑƑNjĿŠij îŞūƭŠƥƙ ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē GĿŠîŠČĿîŕ ¬ƥîƥĚŞĚŠƥƙȦ OūDžĚDŽĚƑȡ ēĚljĚƑƑĚē ƥîNJ ŕĿîċĿŕĿƥĿĚƙ îƑĚ Šūƥ ƑĚČūijŠĿƙĚē
Ŀlj ƥĺĚNj îƑĿƙĚ ljƑūŞ ƥĺĚ ĿŠĿƥĿîŕ ƑĚČūijŠĿƥĿūŠ ūlj ijūūēDžĿŕŕȦ 'ĚljĚƑƑĚē ĿŠČūŞĚ ƥîNJ Ŀƙ îŕƙū Šūƥ îČČūƭŠƥĚē ljūƑ Ŀlj Ŀƥ îƑĿƙĚƙ ljƑūŞ ĿŠĿƥĿîŕ
recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction
îljljĚČƥƙ ŠĚĿƥĺĚƑ îČČūƭŠƥĿŠij ƎƑūǛƥ ŠūƑ ƥîNJîċŕĚ ƎƑūǛƥ ʈ ȳƥîNJ ŕūƙƙȴȦ 'ĚljĚƑƑĚē ĿŠČūŞĚ ƥîNJ Ŀƙ ēĚƥĚƑŞĿŠĚē ƭƙĿŠij ƥîNJ ƑîƥĚƙ ȳîŠē ŕîDžƙȴ
ƥĺîƥ ĺîDŽĚ ċĚĚŠ ĚŠîČƥĚē ūƑ ƙƭċƙƥîŠƥĿDŽĚŕNj ĚŠîČƥĚē ċNj ƥĺĚ îŕîŠČĚ ¬ĺĚĚƥ ēîƥĚ îŠē îƑĚ ĚNJƎĚČƥĚē ƥū îƎƎŕNj DžĺĚŠ ƥĺĚ ƑĚŕîƥĚē
ēĚljĚƑƑĚē ĿŠČūŞĚ ƥîNJ îƙƙĚƥ Ŀƙ ƑĚîŕĿƙĚē ūƑ ƥĺĚ ēĚljĚƑƑĚē ĿŠČūŞĚ ƥîNJ ŕĿîċĿŕĿƥNj Ŀƙ ƙĚƥƥŕĚēȦ
'ĚljĚƑƑĚē ƥîNJ îƙƙĚƥƙ îƑĚ ƑĚČūijŠĿƙĚē ljūƑ îŕŕ ēĚēƭČƥĿċŕĚ ƥĚŞƎūƑîƑNj ēĿljljĚƑĚŠČĚƙ îŠē ƭŠƭƙĚē ƥîNJ ŕūƙƙĚƙ ūŠŕNj Ŀlj Ŀƥ Ŀƙ ƎƑūċîċŕĚ ƥĺîƥ
ljƭƥƭƑĚ ƥîNJîċŕĚ îŞūƭŠƥƙ DžĿŕŕ ċĚ îDŽîĿŕîċŕĚ ƥū ƭƥĿŕĿƙĚ ƥĺūƙĚ ƥĚŞƎūƑîƑNj ēĿljljĚƑĚŠČĚƙ îŠē ŕūƙƙĚƙȦ
'ĚljĚƑƑĚē ƥîNJ ŕĿîċĿŕĿƥĿĚƙ îƑĚ Šūƥ ƑĚČūijŠĿƙĚē ljūƑ ƥĚŞƎūƑîƑNj ēĿljljĚƑĚŠČĚƙ ċĚƥDžĚĚŠ ƥĺĚ ČîƑƑNjĿŠij îŞūƭŠƥ îŠē ƥîNJ ċîƙĚƙ ūlj
ĿŠDŽĚƙƥŞĚŠƥƙ ĿŠ ƙƭċƙĿēĿîƑNj ČūŞƎîŠĿĚƙȡ ċƑîŠČĺĚƙ îŠē îƙƙūČĿîƥĚ ČūŞƎîŠNj îŠē ĿŠƥĚƑĚƙƥ ĿŠ ŏūĿŠƥ îƑƑîŠijĚŞĚŠƥƙ DžĺĚƑĚ ƥĺĚ
Group is able to control the timing of the reversal of the temporary differences and it is probable that the differences will
not reverse in the foreseeable future.
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Atul Ltd | Annual Report 2018-19
Corporate Overview 01-22
Statutory Reports 23-105
Financial Statements 107-250