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221
(
`
cr)
Particulars
As at
March 31, 2016
As at
April 01, 2015
LIABILITIES
Current liabilities
Financial liabilities
ii.
Trade payables
0.51
0.57
iii. Other financial liabilities
0.47
0.38
Other current liabilities
0.74
0.22
Provisions
0.38
0.32
Total current liabilities
2.10
1.49
Total liabilities
2.10
1.49
Net assets recognised
1.98
1.29
Non-controlling interests recognised
–
–
Investments in associate companies de-recognised
1.98
1.29
ii)
The Statement of profit and loss of the above entities for the year ended March 31, 2016 is as follows:
(
`
cr)
Particulars
2015-16
INCOME
Revenue from operations
12.31
Other income
0.20
Total Income
12.51
Expenses
Changes in inventories of finished goods, stock-in-trade and work-in progress
0.10
Employee benefit expense
11.38
Other expenses
0.21
Total expenses
11.69
Profit before tax
0.82
Tax expense
Current tax
0.26
Deferred tax
(0.01)
Total tax expense
0.25
Profit for the year
0.57
Other Comprehensive Income
0.05
Total comprehensive income for the year (A)
0.62
Share of profit of equity accounted investments de-recognised (B)
0.17
Impact on profit (A-B) *
0.45
* Consequent impact on account of discontinuation of equity accounting of Atul Ltd under IGAAP on total
comprehensive income.
q)
Joint venture company
Under IGAAP, Rudolf Atul Chemicals Ltd (RACL) was classified as a joint venture company and accounted for using the
proportionate consolidation method. Under Ind AS, a joint venture company is accounted for using the equity method.
For the purposes of applying the equity method, the investment in RACL of
`
6.13 cr, as at the date of transition,
has been measured as the aggregate of the carrying amounts of the assets and liabilities that the Group had
previously proportionately consolidated. An impairment assessment has been performed as at April 01, 2015,
and no impairment provision is considered necessary.
Transition to Ind AS
(continued)
Notes
to the Consolidated Financial Statements