Atul Ltd 2018-19

Background ƥƭŕ gƥē ȳƥĺĚ ūŞƎîŠǋȴ Ŀƙ î ƎƭċŕĿČ ČūŞƎîŠǋ ŕĿŞĿƥĚē ċǋ ƙĺîƑĚƙȡ ĿŠČūƑƎūƑîƥĚē îŠē ēūŞĿČĿŕĚē ĿŠ TŠēĿîȦ Tƥƙ ƑĚijĿƙƥĚƑĚē ūljǛČĚ Ŀƙ ŕūČîƥĚē îƥ ƥƭŕ OūƭƙĚȡ H T ¡îƥĚŕ qîƑijȡ ĺŞĚēîċîē ǩǮǦ ǦǧǪȡ HƭŏîƑîƥȡ TŠēĿî îŠē ƥĺĚ ƎƑĿŠČĿƎîŕ ƎŕîČĚƙ ūlj ŞîŠƭljîČƥƭƑĿŠij îƑĚ ŕūČîƥĚē îƥ ƥƭŕ îŠē ŠŒŕĚƙĺǅîƑȡ HƭŏîƑîƥȡ TŠēĿîȦ The Company and its subsidiary companies are referred to as the Group here under. The Group is serving the needs of varied industries such as Adhesives, Agriculture, Animal Feed, Automobile, Composites, Construction, Cosmetic, Defence, Dyestuff, Electrical and Electronics, Flavour, Food, Footwear, Fragrance, Glass, Home Care, Horticulture, Hospitality, Paint and Coatings, ¡îƎĚƑȡ ¡ĚƑƙūŠîŕ îƑĚȡ ¡ĺîƑŞîČĚƭƥĿČîŕȡ ¡ŕîƙƥĿČȡ ¡ūŕǋŞĚƑȡ ¤ƭċċĚƑȡ ¬ūîƎ îŠē 'ĚƥĚƑijĚŠƥȡ ¬ƎūƑƥ îŠē gĚĿƙƭƑĚȡ ¹ĚǊƥĿŕĚȡ ¹ǋƑĚ îŠē ØĿŠē Energy across the world. sūƥĚ ǧ ¬ĿijŠĿǛČîŠƥ îČČūƭŠƥĿŠij ƎūŕĿČĿĚƙ ¹ĺĿƙ sūƥĚ ƎƑūǄĿēĚƙ î ŕĿƙƥ ūlj ƥĺĚ ƙĿijŠĿǛČîŠƥ îČČūƭŠƥĿŠij ƎūŕĿČĿĚƙ îēūƎƥĚē ċǋ ƥĺĚ HƑūƭƎ ĿŠ ƎƑĚƎîƑîƥĿūŠ ūlj ƥĺĚƙĚ ūŠƙūŕĿēîƥĚē Financial Statements. These policies have been consistently applied to all the years presented unless otherwise stated. The Consolidated Financial Statements are for the Group consisting of the Company and its subsidiary companies. îȴ îƙĿƙ ūlj ƎƑĚƎîƑîƥĿūŠȠ i) Compliance with Ind AS: The Consolidated Financial Statements comply in all material respects with Indian Accounting Standards (Ind ¬ȴ ŠūƥĿǛĚē ƭŠēĚƑ ¬ĚČƥĿūŠ ǧǩǩ ūlj ƥĺĚ ūŞƎîŠĿĚƙ Čƥȡ ǨǦǧǩ ȳƥĺĚ Čƥ ȴ ƑĚîē ǅĿƥĺ ¤ƭŕĚ ǩ ūlj ƥĺĚ ūŞƎîŠĿĚƙ ȳTŠēĿîŠ Accounting Standards) Rules, 2015 and other relevant provisions of the Act, as amended. ii) Historical cost convention: ¹ĺĚ ūŠƙūŕĿēîƥĚē GĿŠîŠČĿîŕ ¬ƥîƥĚŞĚŠƥƙ ĺîǄĚ ċĚĚŠ ƎƑĚƎîƑĚē ūŠ î ĺĿƙƥūƑĿČîŕ Čūƙƥ ċîƙĿƙ ĚǊČĚƎƥ ljūƑ ƥĺĚ ljūŕŕūǅĿŠijȠ îȴ ĚƑƥîĿŠ ǛŠîŠČĿîŕ îƙƙĚƥƙ îŠē ŕĿîċĿŕĿƥĿĚƙ ȳĿŠČŕƭēĿŠij ēĚƑĿǄîƥĿǄĚ ĿŠƙƥƑƭŞĚŠƥƙȴȠ ŞĚîƙƭƑĚē îƥ ljîĿƑ ǄîŕƭĚ ċȴ 'ĚǛŠĚē ċĚŠĚǛƥ ƎŕîŠƙȠ ƎŕîŠ îƙƙĚƥƙ ŞĚîƙƭƑĚē îƥ ljîĿƑ ǄîŕƭĚ c) Biological assets: measured at fair value less cost to sell ċȴ îƙĿƙ ūlj ČūŠƙūŕĿēîƥĿūŠȠ i) Subsidiary companies Subsidiary companies are all entities over which the Group has control. The Group controls an entity when the Group Ŀƙ ĚǊƎūƙĚē ƥūȡ ūƑ ĺîƙ ƑĿijĺƥƙ ƥūȡ ǄîƑĿîċŕĚ ƑĚƥƭƑŠƙ ljƑūŞ Ŀƥƙ ĿŠǄūŕǄĚŞĚŠƥ ǅĿƥĺ ƥĺĚ ĚŠƥĿƥǋ îŠē ĺîƙ ƥĺĚ îċĿŕĿƥǋ ƥū îljljĚČƥ ƥĺūƙĚ returns through its power to direct the relevant activities of the entity. Subsidiary companies are consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases. The acquisition method of accounting is used to account for business combinations by the Group. The Group combines the Financial Statements of the parent and its subsidiary companies line by line adding together ŕĿŒĚ ĿƥĚŞƙ ūlj îƙƙĚƥƙȡ ŕĿîċĿŕĿƥĿĚƙȡ ĚƐƭĿƥǋȡ ĿŠČūŞĚ îŠē ĚǊƎĚŠƙĚƙȦ TŠƥĚƑČūŞƎîŠǋ ƥƑîŠƙîČƥĿūŠƙȡ ċîŕîŠČĚƙ îŠē ƭŠƑĚîŕĿƙĚē ijîĿŠƙ ūŠ ƥƑîŠƙîČƥĿūŠƙ ċĚƥǅĚĚŠ HƑūƭƎ ČūŞƎîŠĿĚƙ îƑĚ ĚŕĿŞĿŠîƥĚēȦ ÀŠƑĚîŕĿƙĚē ŕūƙƙĚƙ îƑĚ îŕƙū ĚŕĿŞĿŠîƥĚē ƭŠŕĚƙƙ ƥĺĚ transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiary companies have been changed where necessary to ensure consistency with the policies adopted by the Group. Non-controlling interests in the results and equity of subsidiary companies are shown separately in the Consolidated ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȡ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ČĺîŠijĚƙ ĿŠ ĚƐƭĿƥǋ îŠē ūŠƙūŕĿēîƥĚē îŕîŠČĚ ¬ĺĚĚƥ respectively. Notes to the Consolidated Financial Statements Consolidated | Statement of Cash Flows | Notes to the Financial Statements 187