Atul Ltd 2016-17

115 e) Security details: Working capital loans repayable on demand from banks is secured by hypothecation of tangible current assets, namely, inventories and book debts of the Company as a whole and also secured by second and subservient charge on immovable and movable assets of the Company to the extent of individual bank limit as mentioned in joint consortium documents. This also extends to guarantees and letter of credits given by the bankers aggregating ` 83.24 cr (March 31, 2016: ` 65.03 cr, April 01, 2015: ` 70.66 cr) f) The carrying amount of assets hypothecated | mortgaged as security for current and non-current borrowings are: ( ` cr) Particulars As at March 31, 2017 As at March 31, 2016 As at April 01, 2015 First charge for current and second charge for non-current borrowings i) Inventories 367.89 374.17 349.65 ii) Trade receivables 507.06 420.12 439.19 iii) Current assets other than inventories and trade receivables 153.83 163.41 147.07 1,028.78 957.70 935.91 First charge for non-current and second charge for current borrowings Property, plant and equipment excluding leasehold land 909.77 681.11 440.67 Total assets as security 1,938.55 1,638.81 1,376.58 ( ` cr) Note 16 Other financial liabilities As at March 31, 2017 As at March 31, 2016 As at April 01, 2015 Current Non- current Current Non- current Current Non- current a) Current maturities of long-term debt (refer Note 15) 21.23 – 34.60 – 62.71 – b) Security deposits – 19.30 – 18.51 – 14.93 c) Interest accrued but not due 0.18 – 0.42 – 0.66 – d) Unclaimed dividends * 1.71 – 1.44 – 1.27 – e) Unclaimed matured deposits and interest thereon * 0.01 – 0.02 – 0.02 – f) Creditor for capital goods 18.38 – 17.95 – 8.82 – g) Other liabilities (includes discount payable) 4.75 2.14 7.49 3.19 9.80 2.40 46.26 21.44 61.92 21.70 83.28 17.33 * There is no amount due and outstanding to be credited to Investor Education and Protection Fund as at March 31, 2017. ( ` cr) Note 17 Provisions As at March 31, 2017 As at March 31, 2016 As at April 01, 2015 Current Non- current Current Non- current Current Non- current a) Provision for compensated absences 6.08 20.04 5.35 17.23 5.53 15.86 b) Others {refer a (ii) and b below} 1.54 – 1.65 – 1.51 – 7.62 20.04 7.00 17.23 7.04 15.86 a) Information about individual provisions and significant estimates i) Compensated absences T he Compensated absences covers the liability for sick and earned leave. Out of the total amount disclosed above, the amount of ` 6.08 cr (March 31, 2016: ` 5.35 cr, April 01, 2015: ` 5.53 cr) is presented as current, since the Company does not have an unconditional right to defer settlement for any of these obligations. However, based on past experience, the Company does not expect all employees to take the full amount of accrued leave or require payment within the next 12 months. Notes to the Financial Statements