Atul Ltd 2016-17

Atul Ltd | Annual Report 2016-17 p) Consolidation of subsidiary companies Under IGAAP, one entity controls another entity when it has the ownership of more than one-half of the voting power of the other entity or control of the composition of the Board of Directors so as to obtain economic benefits from its activities. The Group does not hold more than 50% of the voting power in the following entities, and thus these were not consolidated as subsidiary companies and were accounted as associate companies by applying the equity method of accounting: Name of the entity Ownership 01 Atul Aarogya Ltd 41.67% 02 Atul Ayurveda Ltd 41.67% 03 Atul Clean Energy Ltd 28.47% 04 Atul Crop Care Ltd 26.00% 05 Atul Elkay Polymers Ltd 50.00% 06 Atul Entertainment Ltd 41.67% 07 Atul Hospitality Ltd 41.67% 08 Atul (Retail) Brands Ltd 43.05% 09 Atul Seeds Ltd 41.67% 10 Jayati Infrastructure Ltd 41.67% 11 Lapox Polymers Ltd 20.00% 12 Osia Dairy Ltd 41.67% 13 Osia Infrastructure Ltd 40.00% Based on the control assessment carried out by the Group under Ind AS 110, refer Note 29.16 (Interests in other entities), the above have been assessed as subsidiary companies of the Group. Accordingly, the assets, liabilities, incomes and expenses of the above entities have been consolidated with the Group on a line by line basis. i) The assets and liabilities of the above entities as at March 31, 2016 and April 01, 2015 are as follows: ( ` cr) Particulars As at March 31, 2016 As at April 01, 2015 ASSETS Non-current assets Property, plant and equipment 0.01 0.01 Financial assets i. Investments 0.60 0.55 Income tax assets (net) 0.07 0.06 Deferred tax assets 0.16 0.15 Other non-current assets 0.01 0.01 Total non-current assets 0.85 0.78 Current assets Inventories 0.07 0.18 Financial assets i. Investments 0.18 – ii. Trade receivables 1.44 0.08 iii. Cash and cash equivalents 1.05 1.05 iv. Bank balances other than (iii) above 0.01 0.35 v. Other financial assets 0.43 0.28 Other current assets 0.05 0.06 Total current assets 3.23 2.00 Total assets 4.08 2.78 Transition to Ind AS (continued) Notes to the Consolidated Financial Statements