Atul Ltd 2018-19

sūƥĚ ǨǮȦǧǬ ~ljljƙĚƥƥĿŠij ǛŠîŠČĿîŕ îƙƙĚƥƙ îŠē ŕĿîċĿŕĿƥĿĚƙ The below Note presents the recognised assets that are offset, or subject to enforceable master netting arrangements and other similar agreements but not offset, as at March 31, 2019 and March 31, 2018. a) Collateral against borrowings The Company has hypothecated | mortgaged assets as collateral against a number of its sanctioned line of credit. Refer to Note 17 for further information on assets hypothecated | mortgaged as security. b) Master netting arrangements – not currently enforceable ijƑĚĚŞĚŠƥƙ ǅĿƥĺ ēĚƑĿǄîƥĿǄĚ ČūƭŠƥĚƑƎîƑƥĿĚƙ îƑĚ ċîƙĚē ūŠ îŠ T¬' qîƙƥĚƑ ijƑĚĚŞĚŠƥȦ ÀŠēĚƑ ƥĺĚ ƥĚƑŞƙ ūlj ƥĺĚƙĚ arrangements, only where certain credit events occur (such as default ), the net position owing | receivable to a single counterparty in the same currency will be taken as owing and all the relevant arrangements terminated. As the Company does not presently have a legally enforceable right of set-off, these amounts have not been offset in the Balance Sheet. Note 28.17 Changes in accounting policies ¹ĺĚ ūŞƎîŠǋ îēūƎƥĚē TŠē ¬ ǧǧǫ ċǋ ƭƙĿŠij ƥĺĚ ŞūēĿǛĚē ƑĚƥƑūƙƎĚČƥĿǄĚ ƥƑîŠƙĿƥĿūŠ ŞĚƥĺūē ĚljljĚČƥĿǄĚ ƎƑĿŕ Ǧǧȡ ǨǦǧǮȦ ÀŠēĚƑ this method, the Company recognised the cumulative effect of initially applying Ind AS 115 as an adjustment to the opening balance of retained earnings as at April 01, 2018. Comparative prior period has not been adjusted. /ŠƥĿƥĿĚƙ îƎƎŕǋĿŠij ƥĺĚ ŞūēĿǛĚē ƑĚƥƑūƙƎĚČƥĿǄĚ ŞĚƥĺūē ČîŠ ĚŕĚČƥ ƥū îƎƎŕǋ ƥĺĚ ƑĚǄĚŠƭĚ ƙƥîŠēîƑē ūŠŕǋ ƥū ČūŠƥƑîČƥƙ ƥĺîƥ îƑĚ Šūƥ completed as at the date of initial application (that is, they would ignore the effects of applying the revenue standard to contracts that were completed prior to the date of initial application). However, the Company elected to apply the standard to all contracts as at April 01, 2018. There is no impact on the retained earnings as at April 01, 2018. ¹ĺĚ ljūŕŕūǅĿŠij ƥîċŕĚ ƎƑĚƙĚŠƥƙ ƥĺĚ îŞūƭŠƥƙ ċǋ ǅĺĿČĺ ĚîČĺ ǛŠîŠČĿîŕ ƙƥîƥĚŞĚŠƥ ŕĿŠĚ ĿƥĚŞ Ŀƙ îljljĚČƥĚē ĿŠ ƥĺĚ ČƭƑƑĚŠƥ ǋĚîƑ ĚŠēĚē March 31, 2019 by the application of Ind AS 115 as compared with the Ind AS 18 revenue recognition requirements. Line items that were affected by the changes have been included. As a result, the sub-totals and totals disclosed cannot be recalculated from the numbers provided. The adjustments are explained as below: ( ` cr) Balance Sheet (extract) Note As at March 31, 2019 Increase | (decrease) As at March 31, 2019 without adoption of Ind AS 115 as reported Current assets Trade receivables i 768.30 (6.12) 762.18 Total current assets 768.30 (6.12) 762.18 Total assets 768.30 (6.12) 762.18 Current liabilities a) Trade payables Creditors other than micro enterprises and small enterprises ii ǪǧǭȦǦǪ (6.12) ǪǧǦȦǯǧ b) ~ƥĺĚƑ ǛŠîŠČĿîŕ ŕĿîċĿŕĿƥĿĚƙ iii 72.01 (3.92) 68.09 c) Contract liabilities iii - 8.15 8.15 d) Other current liabilities iii ǧǦȦǫǪ ȳǪȦǨǩȴ 6.31 Total current liabilities 499.58 (6.12) 493.46 Total liabilities 499.58 (6.12) 493.46 Corporate Overview 01-22 Statutory Reports 23-105 Financial Statements 107-250 172 Atul Ltd | Annual Report 2018-19