Atul Ltd 2009-10

78 / Atul Ltd | Annual Report 2009-10 1 Contingent liabilities not provided for in respect of (a) Disputed excise demands - matter under appeal 13.92 14.13 (b) Disputed customs demands - matter under appeal 11.99 12.03 (c) Disputed water charges - matter under appeal 61.96 59.26 Pursuant to the order passed by Honourable High Court of Gujarat, dated November 17, 2008 and April 17, 2009 in case of disputed water charges, Company has created first charge over its certain land and buildings in favour of Government of Gujarat. (d) Claims against the Company not acknowledged as debts 11.52 10.79 (e) Income tax demands (including interest) - matter under appeal 18.72 18.66 (f) Sales tax - matter under appeal 1.31 1.29 (g) Guarantees given by the Company to banks and financial institutions on behalf of the third parties 0.92 0.92 Note: Future cash outflows in respect of (a) to (f) above are determinable on receipt of judgments | decisions pending with various forums | authorities. 2 Estimated amount of contracts remaining to be executed on capital accounts and not provided for (net of advances) 2.30 4.73 3 Profit and Loss Account includes expenditure on Research and Development and Pilot Plants as under Materials consumed 0.31 0.31 Other expenditure 8.94 8.57 4 Payments to auditors (a) Statutory auditors: (i) As auditors 0.21 0.21 (ii) In other capacity: For tax audit 0.06 0.06 For certificates 0.13 0.11 (iii) For expenses 0.02 0.02 0.42 0.40 (b) Cost auditors: (i) As auditors 0.02 0.01 (ii) For expenses Rs 7,443 (Previous year Rs 7,817) 0.02 0.01 Schedule forming part of the accounts (Rs crores) SCHEDULE 16 NOTES FORMING PART OF THE ACCOUNTS 2009-10 2008-09 79