Atul Ltd 2018-19

'ĚljĚƑƑĚē ƥîǊ îƙƙĚƥƙ îƑĚ Šūƥ ƑĚČūijŠĿƙĚē ljūƑ ƥĚŞƎūƑîƑǋ ēĿljljĚƑĚŠČĚƙ ċĚƥǅĚĚŠ ƥĺĚ ČîƑƑǋĿŠij îŞūƭŠƥ îŠē ƥîǊ ċîƙĚƙ ūlj ĿŠǄĚƙƥŞĚŠƥƙ ĿŠ ƙƭċƙĿēĿîƑǋ ČūŞƎîŠĿĚƙȡ ċƑîŠČĺĚƙ îŠē îƙƙūČĿîƥĚ ČūŞƎîŠǋ îŠē ĿŠƥĚƑĚƙƥ ĿŠ ŏūĿŠƥ îƑƑîŠijĚŞĚŠƥƙ ǅĺĚƑĚ Ŀƥ Ŀƙ Šūƥ ƎƑūċîċŕĚ ƥĺîƥ ƥĺĚ ēĿljljĚƑĚŠČĚƙ ǅĿŕŕ ƑĚǄĚƑƙĚ ĿŠ ƥĺĚ ljūƑĚƙĚîċŕĚ ljƭƥƭƑĚ îŠē ƥîǊîċŕĚ ƎƑūǛƥ ǅĿŕŕ Šūƥ ċĚ îǄîĿŕîċŕĚ îijîĿŠƙƥ ǅĺĿČĺ ƥĺĚ temporary difference can be utilised. 'ĚljĚƑƑĚē ƥîǊ îƙƙĚƥƙ îŠē ŕĿîċĿŕĿƥĿĚƙ îƑĚ ūljljƙĚƥ ǅĺĚŠ ƥĺĚƑĚ Ŀƙ î ŕĚijîŕŕǋ ĚŠljūƑČĚîċŕĚ ƑĿijĺƥ ƥū ūljljƙĚƥ ČƭƑƑĚŠƥ ƥîǊ îƙƙĚƥƙ îŠē ŕĿîċĿŕĿƥĿĚƙ îŠē ǅĺĚŠ ƥĺĚ ēĚljĚƑƑĚē ƥîǊ ċîŕîŠČĚƙ ƑĚŕîƥĚ ƥū ƥĺĚ ƙîŞĚ ƥîǊîƥĿūŠ îƭƥĺūƑĿƥǋȦ ƭƑƑĚŠƥ ƥîǊ îƙƙĚƥƙ îŠē ƥîǊ ŕĿîċĿŕĿƥĿĚƙ are offset where the entity has a legally enforceable right to offset and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. ƭƑƑĚŠƥ îŠē ēĚljĚƑƑĚē ƥîǊ Ŀƙ ƑĚČūijŠĿƙĚē ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȡ ĚǊČĚƎƥ ƥū ƥĺĚ ĚǊƥĚŠƥ ƥĺîƥ Ŀƥ ƑĚŕîƥĚƙ ƥū ĿƥĚŞƙ ƑĚČūijŠĿƙĚē ĿŠ ūƥĺĚƑ ČūŞƎƑĚĺĚŠƙĿǄĚ ĿŠČūŞĚ ūƑ ēĿƑĚČƥŕǋ ĿŠ ĚƐƭĿƥǋȦ TŠ ƥĺĿƙ ČîƙĚȡ ƥĺĚ ƥîǊ Ŀƙ îŕƙū ƑĚČūijŠĿƙĚē ĿŠ ūƥĺĚƑ comprehensive income or directly in equity, respectively. ljȴ HūǄĚƑŠŞĚŠƥ ijƑîŠƥƙȠ i) Grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and the Group will comply with all attached conditions. ii) Government grants relating to the purchase of property, plant and equipment are included in non-current liabilities as ēĚljĚƑƑĚē ĿŠČūŞĚ îŠē îƑĚ ČƑĚēĿƥĚē ƥū ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ ĿŠ ƎƑūƎūƑƥĿūŠ ƥū ēĚƎƑĚČĿîƥĿūŠ ūǄĚƑ ƥĺĚ ĚǊƎĚČƥĚē ŕĿǄĚƙ ūlj ƥĺĚ ƑĚŕîƥĚē îƙƙĚƥƙ îŠē ƎƑĚƙĚŠƥĚē ǅĿƥĺĿŠ ūƥĺĚƑ ĿŠČūŞĚȦ ĿĿĿȴ HūǄĚƑŠŞĚŠƥ ijƑîŠƥƙ ƑĚŕîƥĿŠij ƥū ĿŠČūŞĚ îƑĚ ēĚljĚƑƑĚē îŠē ƑĚČūijŠĿƙĚē ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ over the period necessary to match them with the costs that they are intended to compensate and presented within other income. ijȴ gĚîƙĚƙȠ ƙ î ŕĚƙƙĚĚȠ Leases of property, plant and equipment where the Group, as lessee, has substantially all the risks and rewards of ūǅŠĚƑƙĺĿƎ îƑĚ ČŕîƙƙĿǛĚē îƙ ǛŠîŠČĚ ŕĚîƙĚƙȦ GĿŠîŠČĚ ŕĚîƙĚƙ îƑĚ ČîƎĿƥîŕĿƙĚē îƥ ƥĺĚ ŕĚîƙĚɄƙ ĿŠČĚƎƥĿūŠ îƥ ƥĺĚ ljîĿƑ ǄîŕƭĚ ūlj ƥĺĚ leased property or, if lower, the present value of the minimum lease payments. The corresponding rental obligations, net ūlj ǛŠîŠČĚ ČĺîƑijĚƙȡ îƑĚ ĿŠČŕƭēĚē ĿŠ ċūƑƑūǅĿŠijƙ ūƑ ūƥĺĚƑ ǛŠîŠČĿîŕ ŕĿîċĿŕĿƥĿĚƙ îƙ îƎƎƑūƎƑĿîƥĚȦ /îČĺ ŕĚîƙĚ ƎîǋŞĚŠƥ Ŀƙ îŕŕūČîƥĚē ċĚƥǅĚĚŠ ƥĺĚ ŕĿîċĿŕĿƥǋ îŠē ǛŠîŠČĚ ČūƙƥȦ ¹ĺĚ ǛŠîŠČĚ Čūƙƥ Ŀƙ ČĺîƑijĚē ƥū ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ ūǄĚƑ the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. gĚîƙĚƙ ĿŠ ǅĺĿČĺ î ƙĿijŠĿǛČîŠƥ ƎūƑƥĿūŠ ūlj ƥĺĚ ƑĿƙŒƙ îŠē ƑĚǅîƑēƙ ūlj ūǅŠĚƑƙĺĿƎ îƑĚ Šūƥ ƥƑîŠƙljĚƑƑĚē ƥū ƥĺĚ HƑūƭƎ îƙ ŕĚƙƙĚĚ îƑĚ ČŕîƙƙĿǛĚē îƙ ūƎĚƑîƥĿŠij ŕĚîƙĚƙȦ ¡îǋŞĚŠƥƙ ŞîēĚ ƭŠēĚƑ ūƎĚƑîƥĿŠij ŕĚîƙĚƙ ȳŠĚƥ ūlj îŠǋ ĿŠČĚŠƥĿǄĚƙ ƑĚČĚĿǄĚē ljƑūŞ ƥĺĚ ŕĚƙƙūƑȴ îƑĚ ČĺîƑijĚē ƥū ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ ūŠ î ƙƥƑîĿijĺƥȹŕĿŠĚ ċîƙĿƙ ūǄĚƑ ƥĺĚ ƎĚƑĿūē ūlj ƥĺĚ ŕĚîƙĚ ƭŠŕĚƙƙ ƥĺĚ ƎîǋŞĚŠƥƙ îƑĚ ƙƥƑƭČƥƭƑĚē ƥū ĿŠČƑĚîƙĚ ĿŠ ŕĿŠĚ ǅĿƥĺ ĚǊƎĚČƥĚē ijĚŠĚƑîŕ ĿŠǜîƥĿūŠ ƥū ČūŞƎĚŠƙîƥĚ ljūƑ ƥĺĚ ŕĚƙƙūƑɄƙ ĚǊƎĚČƥĚē ĿŠǜîƥĿūŠîƑǋ Čūƙƥ ĿŠČƑĚîƙĚƙȦ ƙ î ŕĚƙƙūƑȠ Income from operating leases where the Group is a lessor is recognised as income on a straight-line basis over the lease ƥĚƑŞ ƭŠŕĚƙƙ ƥĺĚ ƑĚČĚĿƎƥƙ îƑĚ ƙƥƑƭČƥƭƑĚē ƥū ĿŠČƑĚîƙĚ ĿŠ ŕĿŠĚ ǅĿƥĺ ĚǊƎĚČƥĚē ijĚŠĚƑîŕ ĿŠǜîƥĿūŠ ƥū ČūŞƎĚŠƙîƥĚ ljūƑ ƥĺĚ ĚǊƎĚČƥĚē ĿŠǜîƥĿūŠîƑǋ Čūƙƥ ĿŠČƑĚîƙĚƙȦ ¹ĺĚ ƑĚƙƎĚČƥĿǄĚ ŕĚîƙĚē îƙƙĚƥƙ îƑĚ ĿŠČŕƭēĚē ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē îŕîŠČĚ ¬ĺĚĚƥ ċîƙĚē ūŠ ƥĺĚĿƑ nature. ÀŠēĚƑ ČūŞċĿŠĚē ŕĚîƙĚ îijƑĚĚŞĚŠƥƙȡ ŕîŠē îŠē ċƭĿŕēĿŠij îƑĚ îƙƙĚƙƙĚē ĿŠēĿǄĿēƭîŕŕǋȦ gĚîƙĚ ƑĚŠƥîŕ îƥƥƑĿċƭƥîċŕĚ ƥū ƥĺĚ ūƎĚƑîƥĿŠij ŕĚîƙĚ îƑĚ ČĺîƑijĚē ƥū ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ îƙ ŕĚîƙĚ ĿŠČūŞĚ ǅĺĚƑĚîƙ ŕĚîƙĚ ĿŠČūŞĚ îƥƥƑĿċƭƥîċŕĚ ƥū ǛŠîŠČĚ ŕĚîƙĚ Ŀƙ ƑĚČūijŠĿƙĚē îƙ ǛŠîŠČĚ ŕĚîƙĚ ƑĚČĚĿǄîċŕĚ îŠē ƑĚČūijŠĿƙĚē ūŠ ƥĺĚ ċîƙĿƙ ūlj ĚljljĚČƥĿǄĚ ĿŠƥĚƑĚƙƥ ƑîƥĚȦ ĺȴ ƭƙĿŠĚƙƙ ČūŞċĿŠîƥĿūŠȠ The acquisition method of accounting is used to account for all business combinations, regardless of whether equity instruments or other assets are acquired. The consideration transferred for the acquisition of a subsidiary comprises the: Consolidated | Notes to the Financial Statements 191