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Atul Ltd | Annual Report 2016-17
(
`
cr)
Note 29.4 (G) Outstanding balances at the year end
a) With entity over which control exercised by Key
Management Personnel
As at
March 31, 2017
As at
March 31, 2016
As at
April 01, 2015
1 Loan Payable
–
7.00
9.00
Aagam Holdings Pvt Ltd
–
7.00
9.00
2 Payable
–
3.98
–
Aagam Holdings Pvt Ltd ¹
–
3.98
–
b) With entity over which control exercised by Joint
Venturer
1 Payable
1.34
1.62
1.35
Rudolf GmbH
1.34
1.62
1.06
Rudolf Duraner
–
–
0.29
c) With Key Management Personnel
1 Payable
0.01
0.01
0.01
Directors deposit payable
0.01
0.01
0.01
d) With entities over which KMP or their close family
members have significant influence
1 Receivables
0.03
0.12
0.07
Atul Kelavani Mandal (Current year:
`
35,655)
0.09
0.06
Atul Rural Development Fund
0.01
0.01
–
Atul Vidyalaya
0.02
0.02
0.01
Urmi Mandal (Current year:
`
1,864)
–
–
2 Payables
0.03
–
–
Atul Rural Development Fund
0.03
–
–
¹ Includes acceptances for bills discounted by third parties.
Note 29.5 Current and Deferred tax
The major components of income tax expense for the years ended March 31, 2017 and March 31, 2016 are:
a) Income tax expense
(
`
cr)
Particulars
2016-17
2015-16
i)
Current tax
Current tax on profit for the year
89.22
107.96
Adjustments for current tax of prior periods
(2.11)
0.07
Total current tax expense
87.11
108.03
ii)
Deferred tax
(Decrease) | Increase in deferred tax liabilities
63.73
22.60
Decrease | (Increase) in deferred tax assets
(28.13)
(0.41)
Total deferred tax expense | (benefit)
35.60
22.19
Income tax expense
122.71
130.22
b) No deferred tax has been recorded or recognised in Other Comprehensive Income (OCI) during the reporting
period.
Notes
to the Consolidated Financial Statements