222 / 236
Atul Ltd | Annual Report 2016-17
p)
Consolidation of subsidiary companies
Under IGAAP, one entity controls another entity when it has the ownership of more than one-half of the voting power
of the other entity or control of the composition of the Board of Directors so as to obtain economic benefits from
its activities. The Group does not hold more than 50% of the voting power in the following entities, and thus these
were not consolidated as subsidiary companies and were accounted as associate companies by applying the equity
method of accounting:
Name of the entity
Ownership
01 Atul Aarogya Ltd
41.67%
02 Atul Ayurveda Ltd
41.67%
03 Atul Clean Energy Ltd
28.47%
04 Atul Crop Care Ltd
26.00%
05 Atul Elkay Polymers Ltd
50.00%
06 Atul Entertainment Ltd
41.67%
07 Atul Hospitality Ltd
41.67%
08 Atul (Retail) Brands Ltd
43.05%
09 Atul Seeds Ltd
41.67%
10 Jayati Infrastructure Ltd
41.67%
11 Lapox Polymers Ltd
20.00%
12 Osia Dairy Ltd
41.67%
13 Osia Infrastructure Ltd
40.00%
Based on the control assessment carried out by the Group under Ind AS 110, refer Note 29.16 (Interests in other entities),
the above have been assessed as subsidiary companies of the Group. Accordingly, the assets, liabilities, incomes and
expenses of the above entities have been consolidated with the Group on a line by line basis.
i) The assets and liabilities of the above entities as at March 31, 2016 and April 01, 2015 are as follows:
(
`
cr)
Particulars
As at
March 31, 2016
As at
April 01, 2015
ASSETS
Non-current assets
Property, plant and equipment
0.01
0.01
Financial assets
i.
Investments
0.60
0.55
Income tax assets (net)
0.07
0.06
Deferred tax assets
0.16
0.15
Other non-current assets
0.01
0.01
Total non-current assets
0.85
0.78
Current assets
Inventories
0.07
0.18
Financial assets
i.
Investments
0.18
–
ii.
Trade receivables
1.44
0.08
iii. Cash and cash equivalents
1.05
1.05
iv. Bank balances other than (iii) above
0.01
0.35
v.
Other financial assets
0.43
0.28
Other current assets
0.05
0.06
Total current assets
3.23
2.00
Total assets
4.08
2.78
Transition to Ind AS
(continued)
Notes
to the Consolidated Financial Statements