Atul Ltd 2015-16

Atul Ltd | Annual Report 2015-16 ( ` cr) Note 12 Fixed assets Tangible assets Intangible assets Total Land - freehold 3 Land - leasehold 3, 6 Buildings 2, 3 Roads Plant and equipment 4, 5 Railway siding Office equipment and furniture Vehicles Total tangible assets Computer software Total intangible assets Gross block¹ As at April 01, 2014 16.54 24.60 247.82 3.31 882.24 0.08 29.61 14.58 1,218.78 12.87 12.87 1,231.65 Additions – – 18.28 0.11 105.07 – 0.02 1.66 125.14 0.29 0.29 125.43 Other adjustments (7.29) (20.04) (87.45) – 2.14 – – – (112.64) – – (112.64) Deductions and adjustments – – 0.87 – 1.24 – 0.01 1.33 3.45 – – 3.45 As at March 31, 2015 9.25 4.56 177.78 3.42 988.21 0.08 29.62 14.91 1,227.83 13.16 13.16 1,240.99 Additions 0.31 – 27.63 3.60 262.92 – 1.99 3.78 300.23 – – 300.23 Other adjustments – – – – 1.87 – – – 1.87 – – 1.87 Deductions and adjustments – – – – 12.24 – – 2.38 14.62 – – 14.62 As at March 31, 2016 9.56 4.56 205.41 7.02 1,240.76 0.08 31.61 16.31 1,515.31 13.16 13.16 1,528.47 Depreciation | Amortisation | Impairment Depreciation | Amortisation Upto March 31, 2014 – 2.26 71.64 1.36 573.34 0.08 20.29 9.19 678.16 12.87 12.87 691.03 For the year – 0.04 10.03 1.27 54.44 – 1.58 1.70 69.06 0.08 0.08 69.14 Deductions and adjustments – 1.40 11.15 – 1.16 – 0.01 0.75 14.47 – – 14.47 Upto March 31, 2015 – 0.90 70.52 2.63 626.62 0.08 21.86 10.14 732.75 12.95 12.95 745.70 For the year – 0.05 6.24 0.44 51.46 – 1.90 1.51 61.60 0.09 0.09 61.69 Deductions and adjustments – – – – 11.24 – – 1.83 13.07 – – 13.07 Upto March 31, 2016 – 0.95 76.76 3.07 666.84 0.08 23.76 9.82 781.28 13.04 13.04 794.32 Impairment Impairment fund as at March 31, 2015 – – – – 21.03 – – – 21.03 – – 21.03 Upto March 31, 2015 – – – – 21.03 – – – 21.03 – – 21.03 Impairment fund as at March 31, 2016 – – – – 21.03 – – – 21.03 – – 21.03 Upto March 31, 2016 – – – – 21.03 – – – 21.03 – – 21.03 Net block Balance as at March 31, 2015 9.25 3.66 107.26 0.79 340.56 – 7.76 4.77 474.05 0.21 0.21 474.26 Balance as at March 31, 2016 9.56 3.61 128.65 3.95 552.89 – 7.85 6.49 713.00 0.12 0.12 713.12 Notes: 1 At cost, except certain building premises which are stated at fair value. 2 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). 3 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). 4 Exchange rate difference capitalised during the year ` 1.87 cr (Previous year: ` 2.14 cr). 5 Exchange rate difference which remains unamortised in accordance with the option exercised under Para 46A of Accounting Standard - 11 is ` 17.51 cr (Previous year: ` 17.18 cr). 6 GIDC Plot No 297 and 297 | 1 at Ankleshwar are in the name of the earstwhile Gujarat Aromatics Ltd. By virtue of the Honourable High Court of Gujarat, order dated July 29, 1988 the plots vest in the name of the Atul Ltd. Formalities for change of name from Gujarat Aromatics Ltd to Atul Ltd are in progress. 7 Break-up of depreciation for the year ( ` cr) Particulars 2015-16 2014-15 Depreciation | Amortisation expenses for the year 61.69 69.14 Less: Transferred to the General reserve – 13.86 Depreciation | Amortisation expenses as per the Statement of Profit and Loss 61.69 55.28 Notes to the Financial Statements