105 / 116
Schedules forming part of the Consolidated Account
s
| Annual Report 2008-09
6 Details of associates considered in consolidation:
(Rs in lacs)
Name of associate
Country of
Main activities Ownership Original cost of
Amount of Accumulated Loss Carrying amount
incorporation
interest and investments goodwill | capital
at the year end of investments at
voting power
reserve included
(unaudited the year end
in original cost
accounts)
(see Note)
1
2
3
4
5
6
7
8
(a) Amal Ltd*
India Dye Intermediates
36.75%
515.15
-
5,569.03
24.20
(b) Gujarat Synthwood Ltd*
India PVC sheets & Panels
34.64%
129.61
-
1,692.24
6.94
(c) AtRo Ltd*
India
Agrochemicals
50.00%
50.00
-
42.50
50.00
(d) Atul Bioscience Ltd
India
Pharmaceuticals
28.00%
-
-
343.83
-
694.76
-
7,647.60
81.14
Note:
(i) After provision for diminution in value of investments in case of 'a' & 'b'.
(ii) Value of investment in Atul Bioscience Ltd under column '5' and '8' is Rs140.
(iii) *Figures are as at March 31, 2008.
Particulars
Accumulated as at Charge | credit
Balance as at
March 31, 2008 during the year March 31, 2009
Deferred tax liability on account of:
Depreciation | impairment loss
2,826.56
272.04
3,098.60
2,826.56
272.04
3,098.60
Deferred tax assets on account of:
Provision for leave encashment
392.51
21.84
414.35
43 B expenses allowable
84.73
(23.98)
60.75
Provision for doubtful debts
169.55
58.14
227.69
Provision for doubtful advances
160.84
183.76
344.60
Payment under VRS
408.04
(128.80)
279.24
1,215.67
110.96
1,326.63
1,610.89
161.08
1,771.97
Deferred tax assets of subsidiaries
(2.66)
1.78
(0.88)
Net deferred tax liability | (assets)
1,608.23
162.86
1,771.09
7 Taxation:
(a) Provision for Income tax for the current year has been made under normal provision of the Income Tax Act, 1961
(b) Deferred taxation:
(Rs in lacs)
8 Related party information:
(a) Name of related party and nature of relationship:
No Name of the related party
Description of relationship
1 Amal Ltd
Associate company
2 Gujarat Synthwood Ltd
Jointly promoted company
3 AtRo Ltd
Jointly promoted company
4
Key management personnel
In Atul Ltd:
Mr Sunil S Lalbhai
- Chairman and Managing Director
Mr Samveg A Lalbhai
- Managing Director
Mr J L Shah
- Executive Director (up to December 31, 2008)
Mr B N Mohanan
- Wholetime Director (from January 01, 2009)
In Atul Europe Ltd:
Mr C J Bent
- Director
5 Relatives of key management personnel:
Dr Vimla S Lalbhai
- Mother of Mr Sunil S Lalbhai
Mrs Smita J Shah
- Wife of Mr J L Shah
SCHEDULE 16 NOTES FORMING PART OF THE ACCOUNTS
(Contd.)
103