Atul Ltd 2013-14

Atul Ltd | Annual Report 2013-14 ( ` cr) NOTE 5 DEFERRED TAX LIABILITIES (NET) As at Charge | (credit) during the year As at March 31, 2014 March 31, 2013 Deferred tax liabilities: on account of timing difference in depreciation 43.85 8.68 35.17 43.85 8.68 35.17 Deferred tax assets: on account of timing difference in (a) Provision for leave encashment 7.22 0.41 6.81 (b) Provision for doubtful debts 1.14 0.19 0.95 (c) Provision for doubtful advances 0.06 – 0.06 (d) Voluntary retirement scheme 0.04 (0.15) 0.19 8.46 0.45 8.01 Deferred tax liabilities | (assets) of subsidiary companies 1.70 1.58 0.12 Net deferred tax liabilities | (assets) 37.09 9.81 27.28 ( ` cr) NOTE 4 LONG-TERM BORROWINGS Non-current Current maturities As at As at As at As at March 31, 2014 March 31, 2013 March 31, 2014 March 31, 2013 Term loans Secured: (i) Rupee term loans from banks 5.00 8.84 1.50 – (ii) Rupee term loans from a foreign financial institution 31.25 41.66 10.42 10.42 (iii) Foreign currency term loans from banks 60.60 70.77 17.59 6.80 (iv) Foreign currency term loans from a foreign financial institution 22.54 43.06 25.04 22.66 Unsecured: (v) Rupee term loans from bank 0.10 0.02 0.16 0.34 (vi) Rupee term loan – 0.01 – – 119.49 164.36 54.71 40.22 Amount disclosed under the head ‘Other Current Liabilities’ (see Note 9) (54.71) (40.22) 119.49 164.36 – – Notes to the Consolidated Financial Statements