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Atul Ltd | Annual Report 2015-16
(
`
cr)
Note 5 Deferred tax liabilities (net)
As at
March 31, 2016
As at
March 31, 2015
Deferred tax liabilities:
on account of timing difference in depreciation
76.08
53.54
76.08
53.54
Deferred tax assets:
on account of timing difference in
a) Provision for leave encashment
7.81
7.40
b) Provision for doubtful debts
1.32
1.50
c) Provision for doubtful advances
0.07
0.07
d) Voluntary Retirement Scheme
–
0.16
9.20
9.13
Deferred tax liabilities (net)
66.88
44.41
(
`
cr)
Note 6 Other long-term liabilities
As at
March 31, 2016
As at
March 31, 2015
Security deposits
24.50
20.13
24.50
20.13
(
`
cr)
Note 7 Long-term provisions
As at
March 31, 2016
As at
March 31, 2015
Provision for leave entitlement
17.23
15.86
17.23
15.86
(
`
cr)
Note 8 Short-term borrowings
As at
March 31, 2016
As at
March 31, 2015
a) Secured*
Working capital loans repayable on demand from banks
76.90
51.61
b) Unsecured
Loan from banks including foreign banks
53.07
12.52
Loan from Related Parties
10.50
–
c) Buyers’ credit
6.91
–
d) Commercial papers
100.00
100.00
e) Deposit from the Directors
0.01
0.01
247.39
164.14
* Security details:
Secured by hypothecation of tangible current assets, namely, inventories and book debts of the Company as a whole
and also secured by second and subservient charge on immovable and movable assets of the Company to the extent of
individual bank limit as mentioned in joint consortium documents. This also extends to guarantees and letter of credits
given by the bankers aggregating
`
65.03 cr (Previous year :
`
70.66 cr)
The maximum amount outstanding of commercial papers during the year was
`
200 cr (Previous year:
`
100 cr)
Notes
to the Financial Statements