Atul Ltd 2013-14

Atul Ltd | Annual Report 2013-14 ( ` cr) NOTE 11 FIXED ASSETS ASSET BLOCK GROSS BLOCK (a) DEPRECIATION | AMORTISATION | IMPAIRMENT NET BLOCK As at March 31, 2013 Additions Other Adjustments Deductions and Adjustments As at March 31, 2014 Depreciation Upto March 31, 2013 For the Year Deductions and Adjustments As at March 31, 2014 Impairment Fund March 31, 2014 Depreciation and Impairment Fund March 31, 2014 As at March 31, 2014 As at March 31, 2013 Tangible assets Land - Freehold (d) 17.04 – – 0.50 16.54 – – – – – – 16.54 17.04 Land - Leasehold (b) and (d) 22.90 – – 0.55 22.35 – – – – – – 22.35 22.90 Buildings (c) and (d) 249.93 6.99 – 9.10 247.82 66.86 6.92 2.15 71.63 – 71.63 176.19 183.07 Roads 3.21 0.10 – – 3.31 1.30 0.05 – 1.35 – 1.35 1.96 1.91 Plant and equipment (e) and (f) 809.91 75.76 8.53 11.85 882.35 547.69 45.51 19.80 573.40 21.03 594.43 287.92 241.19 Railway siding 0.08 – – – 0.08 0.08 – – 0.08 – 0.08 – – Office equipment and furniture 26.83 2.68 – – 29.51 18.39 1.87 – 20.26 – 20.26 9.25 8.44 Vehicles 13.80 1.40 – 0.62 14.58 7.90 1.65 0.36 9.19 – 9.19 5.39 5.90 Total Tangible assets 1,143.70 86.93 8.53 22.62 1,216.54 642.22 56.00 22.31 675.91 21.03 696.94 519.60 480.45 Intangible assets Computer software 12.61 0.26 – – 12.87 12.61 0.26 – 12.87 – 12.87 – – Total Intangible assets 12.61 0.26 – – 12.87 12.61 0.26 – 12.87 – 12.87 – – Total as at 1,156.31 87.19 8.53 22.62 1,229.41 654.83 56.26 22.31 688.78 21.03 709.81 519.60 480.45 March 31, 2014 Total as at 1,043.99 102.93 11.33 1.94 1,156.31 605.19 50.85 1.21 654.83 21.03 675.86 480.45 March 31, 2013 Notes: (a) At cost, except land - freehold, certain leasehold land, building premises which are stated at revalued value. (b) Land - Leasehold at cost less amounts written off. (c) Includes premises on ownership basis ` 1.10 cr (Previous year: ` 1.10 cr) and cost of fully paid share in co-operative society ` 2,000 (Previous year: ` 2,000). (d) Pursuant to the order passed by Honourable High Court of Gujarat, dated November 17, 2008 and April 17, 2009 in case of water charges, the Company has created first charge over its certain land and buildings in favour of Government of Gujarat and paid Security Deposit ` 2 cr (Previous year: ` 2 cr). (e) Exchange rate difference capitalised during the year ` 8.53 cr (Previous year: ` 10.74 cr). (f) Exchange rate difference which remains unamortised in accordance with the option exercised under Para 46A of Accounting Standard - 11 is ` 16.62 cr (Previous year: ` 11.70 cr). (g) Break-up of depreciation for the year ( ` cr) Particulars 2013-14 2012-13 Depreciation | Amortisation expenses for the year 56.26 50.85 Add: Amortisation of Leasehold land 0.27 0.27 Less: Amount withdrawn from Revaluation reserve (see Note 3) 2.06 2.06 Less: Depreciation in respect of earlier year 0.24 - Depreciation | Amortisation expenses as per the Statement of Profit and Loss 54.23 49.06 Notes to the Financial Statements