Atul Ltd Annual Report 2016-17

Atul Ltd | Annual Report 2016-17

The assumptions used in determining the present value of obligation of the interest rate guarantee under deterministic

approach are:

Particulars

2016-17

2015-16

Mortality rate (2006-08) ultimate table

Indian Assured Lives

Mortality (2006-08) ultimate

Indian Assured Lives

Mortality (2006-08) ultimate

ii)

Withdrawal rates

6% pa for

all age groups

5% pa for

all age groups

iii)

Rate of discount

7.22%

7.80%

iv)

Expected rate of interest

8.65%

8.80%

Retirement age

60 years

vi)

Guaranteed rate of interest

8.65%

8.80%

d) Compensated absences amount of

5.99 cr (March 31, 2016:

3.39 cr) is recognised as expense and included in the

Note 24 'Salaries, wages and bonus'.

Note 27.7 Fair value measurements

Financial instruments by category

(

cr)

Particulars

As at

March 31, 2017

As at

March 31, 2016

As at

April 01, 2015

FVPL FVOCI Amortised

cost

FVPL FVOCI Amortised

cost

FVPL FVOCI Amortised

cost

Financial assets

Investments:

Equity instruments

– 414.27

–

– 337.69

–

– 376.12

–

Preference shares

–

7.10

–

6.43 2.40

–

5.81

Government securities

–

0.01

–

0.01

–

0.01

Trade receivables

–

– 507.06

–

– 420.12

–

– 439.19

Loans

–

12.19

–

13.67

–

12.18

Security deposits for utilities and premises

–

3.27

–

3.46

–

3.59

Dividend receivable

15.93

0.09

–

Derivative financial assets designated

as hedges

1.70

0.44

0.28

Finance lease receivable

–

1.38

–

1.29

–

1.42

Cash and bank balances

–

7.21

–

5.32

–

6.40

Other receivables

–

7.47

–

6.67

–

7.52

Total financial assets

– 415.97

561.62

– 338.13

457.06 2.40 376.40

476.12

Financial liabilities

Borrowings

–

– 155.23

–

– 301.67

–

– 278.66

Trade payables

–

– 329.06

–

– 294.19

–

– 264.89

Security deposits

–

19.30

–

18.51

–

14.93

Derivative financial liabilities designated

as hedges

– 2.43

–

– 1.34

–

– 0.56

–

Derivative financial liabilities not designated

as hedges

5.07

–

– 2.23

–

Capital creditors

–

18.38

–

17.95

–

8.82

Other liabilities (Includes discount payables)

–

8.79

–

12.56

–

14.15

Total financial liabilities

5.07

2.43

530.76 2.23

1.34

644.88

– 0.56

581.45

Notes

to the Financial Statements