Atul Ltd 2018-19

The obligations are presented as current liabilities in the Balance Sheet if the Company does not have an unconditional right to defer settlement for at least 12 months after the reporting period, regardless of when the actual settlement is expected to occur. w) Research and Development expenditure: Research and Development expenditure is charged to revenue under the natural heads of account in the year in which it is incurred. Research and Development expenditure on property, plant and equipment is treated in the same way as expenditure on other property, plant and equipment. x) Earnings per share: /îƑŠĿŠijƙ ƎĚƑ ƙĺîƑĚ ȳ/¡¬ȴ Ŀƙ ČîŕČƭŕîƥĚē ċǋ ēĿǄĿēĿŠij ƥĺĚ ŠĚƥ ƎƑūǛƥ ūƑ ŕūƙƙ ljūƑ ƥĺĚ ƎĚƑĿūē îƥƥƑĿċƭƥîċŕĚ ƥū ĚƐƭĿƥǋ ƙĺîƑĚĺūŕēĚƑƙ by the weighted average number of equity shares outstanding during the period. Earnings considered in ascertaining the /¡¬ Ŀƙ ƥĺĚ ŠĚƥ ƎƑūǛƥ ljūƑ ƥĺĚ ƎĚƑĿūē îŠē îŠǋ îƥƥƑĿċƭƥîċŕĚ ƥîǊ ƥĺĚƑĚƥū ljūƑ ƥĺĚ ƎĚƑĿūēȦ GūƑ ƥĺĚ ƎƭƑƎūƙĚ ūlj ČîŕČƭŕîƥĿŠij ēĿŕƭƥĚē /¡¬ȡ ƥĺĚ ŠĚƥ ƎƑūǛƥ ljūƑ ƥĺĚ ƎĚƑĿūē îƥƥƑĿċƭƥîċŕĚ ƥū ĚƐƭĿƥǋ ƙĺîƑĚĺūŕēĚƑƙ îŠē ƥĺĚ ǅĚĿijĺƥĚē average number of equity shares outstanding during the period is adjusted for the effects of all dilutive potential equity shares. Critical estimates and judgements ¡ƑĚƎîƑîƥĿūŠ ūlj ƥĺĚ GĿŠîŠČĿîŕ ¬ƥîƥĚŞĚŠƥƙ ƑĚƐƭĿƑĚ ƭƙĚ ūlj îČČūƭŠƥĿŠij ĚƙƥĿŞîƥĚƙ ǅĺĿČĺȡ ċǋ ēĚǛŠĿƥĿūŠȡ ǅĿŕŕ ƙĚŕēūŞ ĚƐƭîŕ ƥĺĚ îČƥƭîŕ results. This Note provides an overview of the areas that involved a higher degree of judgement or complexity, and of items which are more likely to be materially adjusted due to estimates and assumptions turning out to be different than those originally assessed. Detailed information about each of these estimates and judgements is included in relevant notes together with information about the basis of calculation for each affected line item in the Financial Statements. The areas involving critical estimates or judgements are: i) Estimation of useful life of tangible assets: Note 1 (g) ĿĿȴ /ƙƥĿŞîƥĿūŠ ūlj ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠȠ sūƥĚ ǨǮȦǬ iii) Fair value measurements: Note 28.7 Estimates and judgements are continually evaluated. They are based on historical experience and other factors, including ĚǊƎĚČƥîƥĿūŠƙ ūlj ljƭƥƭƑĚ ĚǄĚŠƥƙ ƥĺîƥ Şîǋ ĺîǄĚ î ǛŠîŠČĿîŕ ĿŞƎîČƥ ūŠ ƥĺĚ ūŞƎîŠǋ îŠē ƥĺîƥ îƑĚ ċĚŕĿĚǄĚē ƥū ċĚ ƑĚîƙūŠîċŕĚ ƭŠēĚƑ the circumstances. Corporate Overview 01-22 Statutory Reports 23-105 Financial Statements 107-250 132 Atul Ltd | Annual Report 2018-19