Atul Ltd 2018-19

b) Movements in provisions: ( ` cr) Particulars As at March 31, 2019 As at March 31, 2018 Regulatory and other charges /ljǜƭĚŠƥ disposal Regulatory and other charges /ljǜƭĚŠƥ disposal Balance as at the beginning of the year - 1.50 - ǧȦǫǪ gĚƙƙȠ ÀƥĿŕĿƙĚē - (1.50) - ȳǧȦǫǪȴ Provision made during the year 20.79 1.87 - 1.50 Balance as at the end of the year 20.79 1.87 - 1.50 ( ` cr) Note 17 Borrowings Maturity Terms of repayment Interest rate p.a. As at March 31, 2019 As at March 31, 2018 Current Current ÀŠƙĚČƭƑĚē Deposit from the Directors 1 - 12 months 1 - 12 months 6.50% - 0.01 - 0.01 a) Security details: Working capital loans repayable on demand from banks (March 31, 2019: nil, March 31, 2018: nil) 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 letters of credit given by the bankers aggregating to ` 102.31 cr (March 31, 2018: ` 88.30 cr). ( ` cr) Note 16 Provisions As at March 31, 2019 As at March 31, 2018 Current Non-current Current Non-current a) Provision for compensated absences 6.56 18.70 6.86 17.71 b) Others {refer a (ii) and b below} 22.66 - 1.50 - 29.22 18.70 8.36 17.71 îȴ TŠljūƑŞîƥĿūŠ îċūƭƥ ĿŠēĿDŽĿēƭîŕ ƎƑūDŽĿƙĿūŠƙ îŠē ƙĿijŠĿǛČîŠƥ ĚƙƥĿŞîƥĚƙ i) Compensated absences: The Compensated absences cover the liability for sick and earned leave. Out of the total amount disclosed above, the amount of ` 6.56 cr (March 31, 2018 : ` 6.86 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. ii) Others: Regulatory and other charges: The Company has provided for certain regulatory and other charges for which claims have been received by the Company. The provision represents the unpaid amount that the entity expects to incur | pay for which the obligating event has already arisen as on the reporting date. /ljǜƭĚŠƥ ēĿƙƎūƙîŕȠ ¹ĺĚ ĚŠƥĿƥNj ĺîƙ ƎƑūDŽĿēĚē ljūƑ ĚNJƎĚŠƙĚƙ Ŀƥ ĚƙƥĿŞîƥĚƙ ƥū ĿŠČƭƑ ljūƑ ƙîljĚ ēĿƙƎūƙîŕ ūlj ĚljǜƭĚŠƥ ĿŠ ŕĿŠĚ DžĿƥĺ ƥĺĚ ƑĚijƭŕîƥūƑNj 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. Corporate Overview 01-22 Statutory Reports 23-105 Financial Statements 107-250 ǧǪǨ Atul Ltd | Annual Report 2018-19