Atul Cover DS (Spine 20mm)

Ǌȴ

ĿūŕūijĿČîŕ îƙƙĚƥƙȠ

The biological assets of the Group comprise oil palms, date palms and tissue culture.

¹ĺĚ HƑūƭƎ ČŕîƙƙĿǛĚƙ ƥĺĚ ƥĿƙƙƭĚ ČƭŕƥƭƑĚƙ îƙ qîƥƭƑĚ îŠē TŞŞîƥƭƑĚ ƎŕîŠƥƙȦ qîƥƭƑĚ ċĿūŕūijĿČîŕ îƙƙĚƥƙ îƑĚ ƥĺūƙĚ ǅĺĿČĺ îƑĚ

îǄîĿŕîċŕĚ ljūƑ ƙîŕĚ ĿŠ ŠĚǊƥ ǧǨ ŞūŠƥĺƙ ūƑ ƥĺîƥ ĺîǄĚ îƥƥîĿŠĚē ĺîƑǄĚƙƥîċŕĚ ƙƎĚČĿǛČîƥĿūŠƙ ȳljūƑ ČūŠƙƭŞîċŕĚ ċĿūŕūijĿČîŕ îƙƙĚƥƙȴ

or are able to sustain regular harvests (for bearer biological assets). The plants which are not mature are considered as

immature plants.

Mature and immature tissue culture plants, which are ready for sale in less than 12 months from the reporting date

îƑĚ ČŕîƙƙĿǛĚē îƙ ČƭƑƑĚŠƥ îƙƙĚƥƙ ƭŠēĚƑ î ƙĚƎîƑîƥĚ ĺĚîē ūlj ċĿūŕūijĿČîŕ îƙƙĚƥƙ ūƥĺĚƑ ƥĺîŠ ċĚîƑĚƑ ƎŕîŠƥƙ îŠē ūƥĺĚƑƙ ƭŠēĚƑ

non-current assets.

The bearer plants are recognised and measured as per Ind AS 16 (refer Note 5). The oil palm Fresh Fruit Bunches (FFB)

growing on the trees are accounted for as biological assets other than bearer plants until the point of harvest. Harvested

oil palm FFB are transferred to inventory at fair value less costs to sell when harvested. Changes in fair value of oil palm

GG ūŠ ƥƑĚĚƙ îƑĚ ƑĚČūijŠĿƙĚē ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ GîƑŞĿŠij Čūƙƥ ŕĿŒĚ ŕîċūƭƑ îŠē ūƥĺĚƑ Čūƙƥƙ îƑĚ

ƑĚČūijŠĿƙĚē ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ

Biological assets are measured at fair value less cost to sell. Costs to sell include the incremental selling costs, including

îƭČƥĿūŠĚĚƑƙɄ ljĚĚƙȡ ČūŞŞĿƙƙĿūŠ ƎîĿē ƥū ċƑūŒĚƑƙ îŠē ēĚîŕĚƑƙ îŠē ĚƙƥĿŞîƥĚē Čūƙƥƙ ūlj ƥƑîŠƙƎūƑƥ ƥū ƥĺĚ ŞîƑŒĚƥ ċƭƥ ĚǊČŕƭēĚƙ

ǛŠîŠČĚ Čūƙƥƙ îŠē ĿŠČūŞĚ ƥîǊȦ

Tissue culture raised matured plants are measured on initial recognition and at the end of each reporting period at its

fair value less costs to sell. The gain or loss arising on such biological assets are included in the Consolidated Statement

ūlj ¡ƑūǛƥ îŠē gūƙƙȦ TŞŞîƥƭƑĚ ƥĿƙƙƭĚ ČƭŕƥƭƑĚ ƑîĿƙĚē ƎŕîŠƥƙ îƑĚ ŞĚîƙƭƑĚē îƥ Čūƙƥ ŕĚƙƙ îČČƭŞƭŕîƥĚē ĿŞƎîĿƑŞĚŠƥ ŕūƙƙȡ Ŀlj ƥĺĚ

quoted market price are not available for the immature plants at different stages and the fair value measurements are

clearly unreliable.

ǋȴ ¡ƑūǄĿƙĿūŠƙ îŠē ČūŠƥĿŠijĚŠƥ ŕĿîċĿŕĿƥĿĚƙȠ

Provisions are recognised when the Group has a present legal or constructive obligation as a result of past events, it is

ƎƑūċîċŕĚ ƥĺîƥ îŠ ūƭƥǜūǅ ūlj ƑĚƙūƭƑČĚƙ ǅĿŕŕ ċĚ ƑĚƐƭĿƑĚē ƥū ƙĚƥƥŕĚ ƥĺĚ ūċŕĿijîƥĿūŠ îŠē ƥĺĚ îŞūƭŠƥ ČîŠ ċĚ ƑĚŕĿîċŕǋ ĚƙƥĿŞîƥĚēȦ

¹ĺĚƙĚ îƑĚ ƑĚǄĿĚǅĚē îƥ ĚîČĺ ǋĚîƑ ĚŠē îŠē ƑĚǜĚČƥ ƥĺĚ ċĚƙƥ ČƭƑƑĚŠƥ ĚƙƥĿŞîƥĚȦ ¡ƑūǄĿƙĿūŠƙ îƑĚ Šūƥ ƑĚČūijŠĿƙĚē ljūƑ ljƭƥƭƑĚ

operating losses.

ØĺĚƑĚ ƥĺĚƑĚ îƑĚ î ŠƭŞċĚƑ ūlj ƙĿŞĿŕîƑ ūċŕĿijîƥĿūŠƙȡ ƥĺĚ ŕĿŒĚŕĿĺūūē ƥĺîƥ îŠ ūƭƥǜūǅ ǅĿŕŕ ċĚ ƑĚƐƭĿƑĚē ĿŠ ƙĚƥƥŕĚŞĚŠƥ Ŀƙ ēĚƥĚƑŞĿŠĚē

ċǋ ČūŠƙĿēĚƑĿŠij ƥĺĚ Čŕîƙƙ ūlj ūċŕĿijîƥĿūŠƙ îƙ î ǅĺūŕĚȦ

ƎƑūǄĿƙĿūŠ Ŀƙ ƑĚČūijŠĿƙĚē ĚǄĚŠ Ŀlj ƥĺĚ ŕĿŒĚŕĿĺūūē ūlj îŠ ūƭƥǜūǅ ǅĿƥĺ

respect to any one item included in the same class of obligations may be small.

¡ƑūǄĿƙĿūŠƙ îƑĚ ŞĚîƙƭƑĚē îƥ ƥĺĚ ƎƑĚƙĚŠƥ ǄîŕƭĚ ūlj ċĚƙƥ ĚƙƥĿŞîƥĚ ūlj ƥĺĚ ĚǊƎĚŠēĿƥƭƑĚ ƑĚƐƭĿƑĚē ƥū ƙĚƥƥŕĚ ƥĺĚ ƎƑĚƙĚŠƥ ūċŕĿijîƥĿūŠ

îƥ ƥĺĚ ĚŠē ūlj ƥĺĚ ƑĚƎūƑƥĿŠij ƎĚƑĿūēȦ ¹ĺĚ ēĿƙČūƭŠƥ ƑîƥĚ ƭƙĚē ƥū ēĚƥĚƑŞĿŠĚ ƥĺĚ ƎƑĚƙĚŠƥ ǄîŕƭĚ Ŀƙ î ƎƑĚȹƥîǊ ƑîƥĚ ƥĺîƥ ƑĚǜĚČƥƙ

ČƭƑƑĚŠƥ ŞîƑŒĚƥ îƙƙĚƙƙŞĚŠƥƙ ūlj ƥĺĚ ƥĿŞĚ ǄîŕƭĚ ūlj ŞūŠĚǋ îŠē ƥĺĚ ƑĿƙŒƙ ƙƎĚČĿǛČ ƥū ƥĺĚ ŕĿîċĿŕĿƥǋȦ ¹ĺĚ ĿŠČƑĚîƙĚ ĿŠ ƥĺĚ ƎƑūǄĿƙĿūŠ

ēƭĚ ƥū ƥĺĚ ƎîƙƙîijĚ ūlj ƥĿŞĚ Ŀƙ ƑĚČūijŠĿƙĚē îƙ ĿŠƥĚƑĚƙƥ ĚǊƎĚŠƙĚȦ

ūŠƥĿŠijĚŠƥ ŕĿîċĿŕĿƥĿĚƙ îƑĚ ēĿƙČŕūƙĚē ǅĺĚŠ ƥĺĚƑĚ Ŀƙ î ƎūƙƙĿċŕĚ ūċŕĿijîƥĿūŠ îƑĿƙĿŠij ljƑūŞ Ǝîƙƥ ĚǄĚŠƥƙȡ ƥĺĚ ĚǊĿƙƥĚŠČĚ ūlj ǅĺĿČĺ

ǅĿŕŕ ċĚ ČūŠǛƑŞĚē ūŠŕǋ ċǋ ƥĺĚ ūČČƭƑƑĚŠČĚ ūƑ ŠūŠȹūČČƭƑƑĚŠČĚ ūlj ūŠĚ ūƑ ŞūƑĚ ƭŠČĚƑƥîĿŠ ljƭƥƭƑĚ ĚǄĚŠƥƙ Šūƥ ǅĺūŕŕǋ ǅĿƥĺĿŠ ƥĺĚ

ČūŠƥƑūŕ ūlj ƥĺĚ HƑūƭƎ ūƑ î ƎƑĚƙĚŠƥ ūċŕĿijîƥĿūŠ ƥĺîƥ îƑĿƙĚƙ ljƑūŞ Ǝîƙƥ ĚǄĚŠƥƙ ǅĺĚƑĚ Ŀƥ Ŀƙ ĚĿƥĺĚƑ Šūƥ ƎƑūċîċŕĚ ƥĺîƥ îŠ ūƭƥǜūǅ ūlj

resources will be required to settle the obligation or a reliable estimate of the amount cannot be made.

Ǖȴ /ŞƎŕūǋĚĚ ċĚŠĚǛƥƙȠ

'ĚǛŠĚē ċĚŠĚǛƥ ƎŕîŠȠ

HƑîƥƭĿƥǋȠ

HƑîƥƭĿƥǋ ŕĿîċĿŕĿƥǋ Ŀƙ î ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ îŠē Ŀƙ ČūŞƎƭƥĚē ūŠ ƥĺĚ ċîƙĿƙ ūlj îŠ îČƥƭîƑĿîŕ ǄîŕƭîƥĿūŠ ċǋ îŠ îČƥƭîƑǋ

îƎƎūĿŠƥĚē ljūƑ ƥĺĚ ƎƭƑƎūƙĚ îƙ ƎĚƑ ƎƑūŏĚČƥĚē ƭŠĿƥ ČƑĚēĿƥ ŞĚƥĺūē îƥ ƥĺĚ ĚŠē ūlj ĚîČĺ ǛŠîŠČĿîŕ ǋĚîƑȦ ¹ĺĚ ŕĿîċĿŕĿƥǋ ūƑ îƙƙĚƥ

ƑĚČūijŠĿƙĚē ĿŠ ƥĺĚ îŕîŠČĚ ¬ĺĚĚƥ ĿŠ ƑĚƙƎĚČƥ ūlj ēĚǛŠĚē ċĚŠĚǛƥ ijƑîƥƭĿƥǋ ƎŕîŠƙ Ŀƙ ƥĺĚ ƎƑĚƙĚŠƥ ǄîŕƭĚ ūlj ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ

obligation at the end of the reporting period less the fair value of plan assets. The liability so provided is paid to a Trust

administered by the Company, which in turn invests in eligible securities to meet the liability as and when it accrues for

ƎîǋŞĚŠƥ ĿŠ ljƭƥƭƑĚȦ Šǋ ƙĺūƑƥljîŕŕ ĿŠ ƥĺĚ ǄîŕƭĚ ūlj îƙƙĚƥƙ ūǄĚƑ ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ Ŀƙ ƑĚČūijŠĿƙĚē îƙ î ŕĿîċĿŕĿƥǋ ǅĿƥĺ î

ČūƑƑĚƙƎūŠēĿŠij ČĺîƑijĚ ƥū ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ