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Atul Ltd | Annual Report 2017-18
Note 17 Borrowings
(continued)
g) Net debt reconciliation:
(
`
cr)
Particulars
Liabilities from financing activities
Current
borrowings
Non-current
borrowings
Total
Net debt as at March 31, 2017
144.59
23.10
167.69
Repayments
(128.68)
(23.10)
(151.78)
Interest expense
7.38
–
7.38
Interest paid
(7.38)
–
(7.38)
Net debt as at March 31, 2018
15.91
–
15.91
(
`
cr)
Note 18 Other financial liabilities
As at
March 31, 2018
As at
March 31, 2017
Current
Non-
current
Current
Non-
current
a) Current maturities of long-term debt (refer Note 17)
–
–
22.72
–
b) Employee benefits payable
23.93
–
21.71
–
c) Security deposits
–
22.46
–
21.92
d) Interest accrued, but not due
–
–
0.20
–
e) Unclaimed dividend*
1.95
–
1.71
–
f) Unclaimed matured deposits and interest thereon*
0.01
–
0.01
–
g) Creditor for capital goods
19.64
–
20.52
–
h) Other liabilities (includes discount payable)
12.13
2.77
7.76
2.13
57.66
25.23
74.63
24.05
* There is no amount due and outstanding to be credited to Investor Education and Protection Fund as at March 31, 2018.
(
`
cr)
Note 19 Provisions
As at
March 31, 2018
As at
March 31, 2017
Current
Non-
current
Current
Non-
current
a) Provision for compensated absences
7.69
17.84
6.74
20.15
b) Others {refer a(ii) and (b) below}
3.18
–
2.86
–
10.87
17.84
9.60
20.15
a) Information about individual provisions and significant estimates
i)
Compensated absences:
The Compensated absences cover the liability for sick and earned absences. Out of the total amount disclosed
above, the amount of
`
7.69 cr (March 31, 2017:
`
6.08 cr) is presented as current, since the Group does not have
an unconditional right to defer settlement for any of these obligations. However, based on past experience, the
Group does not expect all employees to take the full amount of accrued leave or require payment within the next
12 months.
ii) Effluent disposal:
The Group has provided for expenses it estimates to be incurred for safe disposal of waste in line with the regulatory
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.
Notes
to the Consolidated Financial Statements