Atul Ltd 2016-17

Atul Ltd | Annual Report 2016-17 ii) Others Effluent disposal T he entity has provided for expenses it estimates to be incurred for safe disposal of effluent in line with the regulatory framework it operates in. The provision represents the unpaid amount the entity expects to incur for which the obligating event has already arisen as on the reporting date. Wealth tax T he entity has provided for payments expected pertaining to wealth tax in line with the provisions of the erstwhile the Wealth Tax Act, 1957. The application of the Act was discontinued from April 01, 2016. (amount as on April 01, 2015 is ` 0.22 cr) b) Movement of provision for effluent disposal ( ` cr) Particulars As at March 31, 2017 As at March 31, 2016 As at April 01, 2015 Balance as at the beginning of the year 1.65 1.29 0.90 Less: Utilised (1.65) (1.29) (0.90) Provision made during the year 1.54 1.65 1.29 Balance as at the end of the year 1.54 1.65 1.29 ( ` cr) Note 18 Other current liabilities As at March 31, 2017 As at March 31, 2016 As at April 01, 2015 a) Employee benefits payable 22.56 35.47 31.96 b) Statutory dues 11.23 14.08 17.03 c) Advances received from customers 4.97 9.35 10.17 38.76 58.90 59.16 ( ` cr) Note 19 Trade payables As at March 31, 2017 As at March 31, 2016 As at April 01, 2015 a) Related Party (refer Note 27.4) 6.35 7.67 7.09 b) Others (refer Note 27.14 for outstanding dues of micro enterprise and small enterprise) 322.71 286.52 257.80 329.06 294.19 264.89 ( ` cr) Note 20 Revenue from operations 2016-17 2015-16 Sale of products (including excise duty) 2,792.60 2,556.93 Sale of services 0.08 – Other operating revenue: Export incentives 44.74 37.98 Scrap sales 7.63 5.40 Processing charges 3.22 8.30 2,848.27 2,608.61 Notes to the Financial Statements