Atul Ltd 2015-16

Atul Ltd | Annual Report 2015-16 ( ` cr) Note 3 Reserves and surplus As at March 31, 2016 As at March 31, 2015 a) Capital reserve: Balance as at the beginning of the year 4.52 4.73 Less: Transferred to the General reserve * 0.22 0.21 Balance as at the end of the year 4.30 4.52 b) Securities premium account 34.66 34.66 c) Revaluation reserve: Balance as at the beginning of the year – 102.40 Less: Reversed during year – 102.40 Balance as at the end of the year – – d) Hedging reserve {refer Note 28.9 (c)}: Balance as at the beginning of the year 0.11 1.54 Add: Transferred to the Statement of Profit and Loss 0.29 (1.54) Less: Effect of foreign exchange rate variation on hedging instruments outstanding at the end of the year 1.10 (0.11) Balance as at the end of the year (0.70) 0.11 e) General reserve: Balance as at the beginning of the year 95.80 104.65 Less: Carrying amount of the assets (where the remaining useful life of assets is Nil) after retaining the residual value (net of deferred tax ` 4.80 cr) – 9.06 Add: Transferred from Capital reserve * 0.22 0.21 Balance as at the end of the year 96.02 95.80 f) Surplus in the Statement of Profit and Loss: Balance as at the beginning of the year 851.01 663.93 Add: Profit for the year 268.06 217.42 Less: Proposed dividend on Equity shares for the year {at ` 10.00 per share (March 31, 2015 ` 8.50 per share)} 29.66 25.21 Dividend distribution tax on proposed dividend 6.04 5.13 Add: Excess provision of dividend distribution tax written back 3.56 – Balance as at the end of the year 1,086.93 851.01 1,221.21 986.10 * The fair value of the assets received free of cost in the past, was credited to ‘Capital reserve’; it represents amount equivalent to the depreciation of the respective assets charged to the Statement of Profit and Loss. ( ` cr) Note 4 Long-term borrowings Non-current Current maturities As at March 31, 2016 As at March 31, 2015 As at March 31, 2016 As at March 31, 2015 Secured: i) Rupee term loan from a foreign financial institution 10.41 20.83 10.42 10.42 ii) Foreign currency term loans from banks 11.06 33.25 24.18 28.68 iii) Foreign currency term loan from a foreign financial institution – – – 23.47 Unsecured: iv) Rupee term loans from a bank (Current year: ` 30,112) – – – 0.14 21.47 54.08 34.60 62.71 Amount disclosed under the head ‘Other Current Liabilities’ (refer Note 10) (34.60) (62.71) 21.47 54.08 – – Notes to the Financial Statements