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05. Information other than the Financial Statements
and Auditor’s Report thereon
a) The Board of Directors of the Parent is
responsible for the other information. The other
information comprises the information included
in the Letter to shareholders, Operational
highlights, Financial charts, Directors’ report
îŠē Ŀƥƙ ĚNJƭƑĚȡ qîŠîijĚŞĚŠƥ 'ĿƙČƭƙƙĿūŠ îŠē
Analysis, Corporate Governance Report, Business
Responsibility Report, Dividend Distribution Policy
and Performance trend but does not include the
Standalone Financial Statements, Consolidated
Financial Statements and our Auditor’s Reports
thereon.
b) Our opinion on the Consolidated Financial
Statements does not cover the other information
îŠē DžĚ ēū Šūƥ ĚNJƎƑĚƙƙ îŠNj ljūƑŞ ūlj îƙƙƭƑîŠČĚ
conclusion thereon.
c) In connection with our audit of the Consolidated
Financial Statements, our responsibility is to read
the other information, compare with the Financial
Statements of the subsidiary companies audited
ċNj ƥĺĚ ūƥĺĚƑ ƭēĿƥūƑƙȡ ƥū ƥĺĚ ĚNJƥĚŠƥ Ŀƥ ƑĚŕîƥĚƙ ƥū
these entities and, in doing so, place reliance
on the work of the other Auditors and consider
whether the other information is materially
inconsistent with the Consolidated Financial
Statements or our knowledge obtained during
the course of our audit or otherwise appears to
be materially misstated. Other information so far
as it relates to the subsidiary companies, is traced
from their Financial Statements audited by other
Auditors.
d) If, based on the work we have performed, we
conclude that there is a material misstatement of
this other information, we are required to report
that fact. We have nothing to report in this regard.
Management’s responsibility for the Consolidated
Financial Statements
06. The Board of Directors of the Parent is responsible
ljūƑ ƥĺĚ ŞîƥƥĚƑƙ ƙƥîƥĚē ĿŠ ¬ĚČƥĿūŠ ǧǩǪȳǫȴ ūlj ƥĺĚ Čƥ
with respect to the preparation of these Consolidated
Financial Statements that give a true and fair view
ūlj ƥĺĚ ČūŠƙūŕĿēîƥĚē ǛŠîŠČĿîŕ ƎūƙĿƥĿūŠȡ ČūŠƙūŕĿēîƥĚē
ǛŠîŠČĿîŕ ƎĚƑljūƑŞîŠČĚ ĿŠČŕƭēĿŠij ūƥĺĚƑ ČūŞƎƑĚĺĚŠƙĿDŽĚ
income, Consolidated Cash Flows and Consolidated
ČĺîŠijĚƙ ĿŠ ĚƐƭĿƥNj ūlj ƥĺĚ HƑūƭƎ ĿŠČŕƭēĿŠij Ŀƥƙ ŏūĿŠƥ
venture company in accordance with the Ind AS and
other accounting principles generally accepted in India.
The respective Board of Directors of the companies
ĿŠČŕƭēĚē ĿŠ ƥĺĚ HƑūƭƎ îŠē ūlj Ŀƥƙ ŏūĿŠƥ DŽĚŠƥƭƑĚ ČūŞƎîŠNj
are responsible for maintenance of adequate
accounting records in accordance with the provisions
of the Act for safeguarding the assets of the Group
îŠē Ŀƥƙ ŏūĿŠƥ DŽĚŠƥƭƑĚ ČūŞƎîŠNj îŠē ljūƑ ƎƑĚDŽĚŠƥĿŠij îŠē
detecting frauds and other irregularities; selection
and application of appropriate accounting policies;
ŞîŒĿŠij ŏƭēijĚŞĚŠƥƙ îŠē ĚƙƥĿŞîƥĚƙ ƥĺîƥ îƑĚ ƑĚîƙūŠîċŕĚ
and prudent; and the design, implementation and
ŞîĿŠƥĚŠîŠČĚ ūlj îēĚƐƭîƥĚ ĿŠƥĚƑŠîŕ ǛŠîŠČĿîŕ ČūŠƥƑūŕƙȡ
that were operating effectively for ensuring the
accuracy and completeness of the accounting records,
relevant to the preparation and presentation of the
Financial Statements that give a true and fair view and
are free from material misstatement, whether due to
fraud or error, which have been used for the purpose of
preparation of the Consolidated Financial Statements
by the Directors of the Parent, as aforesaid.
07. In preparing the Consolidated Financial Statements,
the respective Board of Directors of the companies
ĿŠČŕƭēĚē ĿŠ ƥĺĚ HƑūƭƎ îŠē Ŀƥƙ ŏūĿŠƥ DŽĚŠƥƭƑĚ ČūŞƎîŠNj
are responsible for assessing the ability of the Group
îŠē ūlj Ŀƥƙ ŏūĿŠƥ DŽĚŠƥƭƑĚ ČūŞƎîŠNj ƥū ČūŠƥĿŠƭĚ îƙ î ijūĿŠij
concern, disclosing, as applicable, matters related to
going concern and using the going concern basis of
accounting unless the Management either intends
to liquidate or to cease operations, or has no realistic
alternative but to do so.
08. The respective Board of Directors of the companies
ĿŠČŕƭēĚē ĿŠ ƥĺĚ HƑūƭƎ îŠē ūlj Ŀƥƙ ŏūĿŠƥ DŽĚŠƥƭƑĚ ČūŞƎîŠNj
îƑĚ îŕƙū ƑĚƙƎūŠƙĿċŕĚ ljūƑ ūDŽĚƑƙĚĚĿŠij ƥĺĚ ǛŠîŠČĿîŕ
ƑĚƎūƑƥĿŠij ƎƑūČĚƙƙ ūlj ƥĺĚ HƑūƭƎ îŠē ūlj Ŀƥƙ ŏūĿŠƥ DŽĚŠƥƭƑĚ
company.
Auditor’s responsibility for the audit of the Consolidated
Financial Statements
ǦǯȦ ~ƭƑ ūċŏĚČƥĿDŽĚƙ îƑĚ ƥū ūċƥîĿŠ ƑĚîƙūŠîċŕĚ îƙƙƭƑîŠČĚ
about whether the Consolidated Financial Statements
176
Atul Ltd | Annual Report 2018-19
Corporate Overview 01-22
Statutory Reports 23-105
Financial Statements 107-250