Atul Ltd 2014-15

Atul Ltd | Annual Report 2014-15 NOTE 28.12 INTEREST IN JOINT VENTURE COMPANY (continued) Statement of Profit and Loss for the year ended March 31, 2015 ( ` cr) Particulars 2014-15 2013-14 Revenue Revenue from operations 22.03 15.56 Other income 0.75 0.50 Total revenue 22.78 16.06 Expenses Cost of materials consumed 12.89 10.20 Purchase of stock-in-trade 1.60 0.49 Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.08 (0.20) Employee benefit expenses – – Finance costs 0.01 0.01 Depreciation and amortisation expenses 0.40 0.39 Other expenses 3.74 2.53 18.72 13.42 Profit before tax 4.06 2.64 Tax expense Current tax 1.40 0.94 Deferred tax – (0.06) 1.40 0.88 Net profit | (loss) 2.66 1.76 NOTE 28.13 Amalgamation of Amal Ltd The Board of Directors (Board) approved the Scheme of Amalgamation of Amal Ltd with the Company (Scheme) on December 05, 2014. The Board has approved a share swap ratio of 1 Equity share of the face value of ` 10 each fully paid up of Atul Ltd for every 50 Equity shares of the face value of ` 10 each fully paid up of Amal Ltd. In terms of the Scheme, the appointed date is April 01, 2014. The Scheme of Amalgamation has been awaiting approval from Board for Industrial and Financial Reconstruction. Pending all other statutory approvals, no effect to the above Scheme has been given in the Financial Statements. The impact of the Scheme on the Financial Statement is not expected to be material. NOTE 28.14 REGROUPED | RECAST | RECLASSIFIED Figures of the earlier year have been regrouped | recast | reclassified wherever necessary. NOTE 28.15 ROUNDING OFF Figures less than ` 50,000 have been shown at actuals in brackets. As per our attached report of even date For Dalal & Shah Chartered Accountants LLP Firm Registration Number: 102020W | W-100040 R A Shah S S Baijal B S Mehta H S Shah S M Datta V S Rangan M M Chitale S A Panse B R Arora Directors For and on behalf of the Board of Directors S S Lalbhai Chairman and Managing Director S A Lalbhai Managing Director Mumbai April 30, 2015 S Venkatesh Partner Membership Number: 037942 Mumbai April 30, 2015 T R Gopi Kannan Whole-time Director and CFO L P Patni Company Secretary B N Mohanan Whole-time Director and President - U&S Notes to the Financial Statements