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Atul Ltd | Annual Report 2016-17
ii) Others
Effluent disposal
The entity has provided for expenses it estimates to be incurred for safe disposal of effluent 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.
Wealth tax
The entity has provided for payments expected pertaining to wealth tax in line with the provisions of the erstwhile
the Wealth Tax Act, 1957. The application of the Act was discontinued from April 01, 2016. (amount as on
April 01, 2015 is
`
0.22 cr)
b) Movement of provision for effluent disposal
(
`
cr)
Particulars
As at
March 31, 2017
As at
March 31, 2016
As at
April 01, 2015
Balance as at the beginning of the year
1.65
1.29
0.90
Less: Utilised
(1.65)
(1.29)
(0.90)
Provision made during the year
1.54
1.65
1.29
Balance as at the end of the year
1.54
1.65
1.29
(
`
cr)
Note 18 Other current liabilities
As at
March 31, 2017
As at
March 31, 2016
As at
April 01, 2015
a) Employee benefits payable
22.56
35.47
31.96
b) Statutory dues
11.23
14.08
17.03
c) Advances received from customers
4.97
9.35
10.17
38.76
58.90
59.16
(
`
cr)
Note 19 Trade payables
As at
March 31, 2017
As at
March 31, 2016
As at
April 01, 2015
a) Related Party (refer Note 27.4)
6.35
7.67
7.09
b) Others (refer Note 27.14 for outstanding dues of micro enterprise
and small enterprise)
322.71
286.52
257.80
329.06
294.19
264.89
(
`
cr)
Note 20 Revenue from operations
2016-17
2015-16
Sale of products (including excise duty)
2,792.60
2,556.93
Sale of services
0.08
–
Other operating revenue:
Export incentives
44.74
37.98
Scrap sales
7.63
5.40
Processing charges
3.22
8.30
2,848.27
2,608.61
Notes
to the Financial Statements