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Atul Ltd | Annual Report 2015-16
(
`
cr)
Note 3 Reserves and surplus
As at
March 31, 2016
As at
March 31, 2015
a) Capital reserve:
Balance as at the beginning of the year
4.52
4.73
Less: Transferred to the General reserve
*
0.22
0.21
Balance as at the end of the year
4.30
4.52
b) Securities premium account
34.66
34.66
c) Revaluation reserve:
Balance as at the beginning of the year
–
102.40
Less: Reversed during year
–
102.40
Balance as at the end of the year
–
–
d) Hedging reserve {refer Note 28.9 (c)}:
Balance as at the beginning of the year
0.11
1.54
Add: Transferred to the Statement of Profit and Loss
0.29
(1.54)
Less: Effect of foreign exchange rate variation on hedging
instruments outstanding at the end of the year
1.10
(0.11)
Balance as at the end of the year
(0.70)
0.11
e) General reserve:
Balance as at the beginning of the year
95.80
104.65
Less: Carrying amount of the assets (where the remaining useful
life of assets is Nil) after retaining the residual value (net of
deferred tax
`
4.80 cr)
–
9.06
Add: Transferred from Capital reserve
*
0.22
0.21
Balance as at the end of the year
96.02
95.80
f) Surplus in the Statement of Profit and Loss:
Balance as at the beginning of the year
851.01
663.93
Add: Profit for the year
268.06
217.42
Less: Proposed dividend on Equity shares for the year
{at
`
10.00 per share (March 31, 2015
`
8.50 per share)}
29.66
25.21
Dividend distribution tax on proposed dividend
6.04
5.13
Add: Excess provision of dividend distribution tax written back
3.56
–
Balance as at the end of the year
1,086.93
851.01
1,221.21
986.10
*
The fair value of the assets received free of cost in the past, was credited to ‘Capital reserve’; it represents amount equivalent
to the depreciation of the respective assets charged to the Statement of Profit and Loss.
(
`
cr)
Note 4 Long-term borrowings
Non-current
Current maturities
As at
March 31,
2016
As at
March 31,
2015
As at
March 31,
2016
As at
March 31,
2015
Secured:
i) Rupee term loan from a foreign financial institution
10.41
20.83
10.42
10.42
ii) Foreign currency term loans from banks
11.06
33.25
24.18
28.68
iii) Foreign currency term loan from a foreign financial
institution
–
–
–
23.47
Unsecured:
iv) Rupee term loans from a bank (Current year:
`
30,112)
–
–
–
0.14
21.47
54.08
34.60
62.71
Amount disclosed under the head ‘Other Current
Liabilities’ (refer Note 10)
(34.60)
(62.71)
21.47
54.08
–
–
Notes
to the Financial Statements