Atul Ltd 2018-19

ƭȴ 'ĚƑĿǄîƥĿǄĚƙ îŠē ĺĚēijĿŠij îČƥĿǄĿƥĿĚƙȠ ¹ĺĚ HƑūƭƎ ĺūŕēƙ ēĚƑĿǄîƥĿǄĚ ǛŠîŠČĿîŕ ĿŠƙƥƑƭŞĚŠƥƙ ƙƭČĺ îƙ ljūƑĚĿijŠ ĚǊČĺîŠijĚ ljūƑǅîƑēȡ ĿŠƥĚƑĚƙƥ ƑîƥĚ ƙǅîƎƙȡ ČƭƑƑĚŠČǋ ƙǅîƎƙ îŠē ČƭƑƑĚŠČǋ ūƎƥĿūŠƙ ƥū ŞĿƥĿijîƥĚ ƥĺĚ ƑĿƙŒ ūlj ČĺîŠijĚƙ ĿŠ ĚǊČĺîŠijĚ ƑîƥĚƙ ūŠ ljūƑĚĿijŠ ČƭƑƑĚŠČǋ ĚǊƎūƙƭƑĚƙ ūƑ ĿŠƥĚƑĚƙƥ ƑîƥĚȦ ¹ĺĚ counterparty for these contracts is generally a bank. Ŀȴ GĿŠîŠČĿîŕ îƙƙĚƥƙ ūƑ ǛŠîŠČĿîŕ ŕĿîċĿŕĿƥĿĚƙȡ îƥ ljîĿƑ ǄîŕƭĚ ƥĺƑūƭijĺ ƎƑūǛƥ ūƑ ŕūƙƙ ¹ĺĿƙ ČîƥĚijūƑǋ ĺîƙ ēĚƑĿǄîƥĿǄĚ ǛŠîŠČĿîŕ îƙƙĚƥƙ ūƑ ŕĿîċĿŕĿƥĿĚƙ ǅĺĿČĺ îƑĚ Šūƥ ēĚƙĿijŠîƥĚē îƙ ĺĚēijĚƙȦ Although the Group believes that these derivatives constitute hedges from an economic perspective, they may not qualify for hedge accounting under Ind AS 109, Financial Instruments. Any derivative that is either not designated a ĺĚēijĚȡ ūƑ Ŀƙ ƙū ēĚƙĿijŠîƥĚē ċƭƥ Ŀƙ ĿŠĚljljĚČƥĿǄĚ îƙ ƎĚƑ TŠē ¬ ǧǦǯȡ Ŀƙ ČîƥĚijūƑĿƙĚē îƙ î ǛŠîŠČĿîŕ îƙƙĚƥ ūƑ ǛŠîŠČĿîŕ ŕĿîċĿŕĿƥǋȡ îƥ ljîĿƑ ǄîŕƭĚ ƥĺƑūƭijĺ ƎƑūǛƥ ūƑ ŕūƙƙȦ Derivatives not designated as hedges are recognised initially at fair value and attributable transaction costs are ƑĚČūijŠĿƙĚē ĿŠ ŠĚƥ ƎƑūǛƥ ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ ǅĺĚŠ ĿŠČƭƑƑĚēȦ ¬ƭċƙĚƐƭĚŠƥ ƥū ĿŠĿƥĿîŕ ƑĚČūijŠĿƥĿūŠȡ ƥĺĚƙĚ ēĚƑĿǄîƥĿǄĚƙ îƑĚ ŞĚîƙƭƑĚē îƥ ljîĿƑ ǄîŕƭĚ ƥĺƑūƭijĺ ƎƑūǛƥ ūƑ ŕūƙƙ îŠē ƥĺĚ ƑĚƙƭŕƥĿŠij ĚǊČĺîŠijĚ ijîĿŠƙ or losses are included in other income. Assets | liabilities in this category are presented as current assets | current ŕĿîċĿŕĿƥĿĚƙ Ŀlj ƥĺĚǋ îƑĚ ĚĿƥĺĚƑ ĺĚŕē ljūƑ ƥƑîēĿŠij ūƑ îƑĚ ĚǊƎĚČƥĚē ƥū ċĚ ƑĚîŕĿƙĚē ǅĿƥĺĿŠ ǧǨ ŞūŠƥĺƙ îljƥĚƑ ƥĺĚ îŕîŠČĚ ¬ĺĚĚƥ date. ĿĿȴ îƙĺ ǜūǅ ĺĚēijĚ ¹ĺĚ HƑūƭƎ ēĚƙĿijŠîƥĚƙ ČĚƑƥîĿŠ ljūƑĚĿijŠ ĚǊČĺîŠijĚ ljūƑǅîƑē îŠē ūƎƥĿūŠƙ ČūŠƥƑîČƥƙ îƙ Čîƙĺ ǜūǅƙ ĺĚēijĚƙ ƥū ŞĿƥĿijîƥĚ ƥĺĚ ƑĿƙŒ ūlj ljūƑĚĿijŠ ĚǊČĺîŠijĚ ĚǊƎūƙƭƑĚ ūŠ ǛƑŞ ČūŞŞĿƥŞĚŠƥ îŠē ĺĿijĺŕǋ ƎƑūċîċŕĚ ljūƑĚČîƙƥ ƥƑîŠƙîČƥĿūŠƙȦ ØĺĚŠ î ēĚƑĿǄîƥĿǄĚ Ŀƙ ēĚƙĿijŠîƥĚē îƙ î Čîƙĺ ǜūǅ ĺĚēijĿŠij ĿŠƙƥƑƭŞĚŠƥȡ ƥĺĚ ĚljljĚČƥĿǄĚ ƎūƑƥĿūŠ ūlj ČĺîŠijĚƙ ĿŠ ƥĺĚ ljîĿƑ ǄîŕƭĚ ūlj ƥĺĚ ēĚƑĿǄîƥĿǄĚ Ŀƙ ƑĚČūijŠĿƙĚē ĿŠ ūƥĺĚƑ ČūŞƎƑĚĺĚŠƙĿǄĚ ĿŠČūŞĚ îŠē îČČƭŞƭŕîƥĚē ĿŠ ƥĺĚ Čîƙĺ ǜūǅƙ ĺĚēijĿŠij reserve. Any ineffective portion of changes in the fair value of the derivative is recognised immediately in the net ƎƑūǛƥ ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ Tlj ƥĺĚ ĺĚēijĿŠij ĿŠƙƥƑƭŞĚŠƥ Šū ŕūŠijĚƑ ŞĚĚƥƙ ƥĺĚ ČƑĿƥĚƑĿî ljūƑ ĺĚēijĚ îČČūƭŠƥĿŠijȡ ƥĺĚŠ ĺĚēijĚ îČČūƭŠƥĿŠij Ŀƙ ēĿƙČūŠƥĿŠƭĚē ƎƑūƙƎĚČƥĿǄĚŕǋȦ Tlj ƥĺĚ ĺĚēijĿŠij ĿŠƙƥƑƭŞĚŠƥ ĚǊƎĿƑĚƙ ūƑ Ŀƙ ƙūŕēȡ ƥĚƑŞĿŠîƥĚē ūƑ ĚǊĚƑČĿƙĚēȡ ƥĺĚ ČƭŞƭŕîƥĿǄĚ ijîĿŠ ūƑ ŕūƙƙ ūŠ ƥĺĚ ĺĚēijĿŠij ĿŠƙƥƑƭŞĚŠƥ ƑĚČūijŠĿƙĚē ĿŠ Čîƙĺ ǜūǅƙ ĺĚēijĿŠij ƑĚƙĚƑǄĚ ƥĿŕŕ ƥĺĚ ƎĚƑĿūē ƥĺĚ ĺĚēijĚ ǅîƙ ĚljljĚČƥĿǄĚ ƑĚŞîĿŠƙ ĿŠ Čîƙĺ ǜūǅƙ ĺĚēijĿŠij ƑĚƙĚƑǄĚ ƭŠƥĿŕ ƥĺĚ ljūƑĚČîƙƥĚē ƥƑîŠƙîČƥĿūŠ ūČČƭƑƙȦ ¹ĺĚ ČƭŞƭŕîƥĿǄĚ ijîĿŠ ūƑ ŕūƙƙ ƎƑĚǄĿūƭƙŕǋ ƑĚČūijŠĿƙĚē ĿŠ ƥĺĚ Čîƙĺ ǜūǅƙ ĺĚēijĿŠij ƑĚƙĚƑǄĚ Ŀƙ ƥƑîŠƙljĚƑƑĚē ƥū ƥĺĚ ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ ƭƎūŠ ƥĺĚ ūČČƭƑƑĚŠČĚ ūlj ƥĺĚ ƑĚŕîƥĚē ljūƑĚČîƙƥĚē ƥƑîŠƙîČƥĿūŠȦ Tlj ƥĺĚ ljūƑĚČîƙƥĚē ƥƑîŠƙîČƥĿūŠ Ŀƙ Šū ŕūŠijĚƑ ĚǊƎĚČƥĚē ƥū ūČČƭƑȡ ƥĺĚŠ ƥĺĚ îŞūƭŠƥ îČČƭŞƭŕîƥĚē ĿŠ Čîƙĺ ǜūǅƙ ĺĚēijĿŠij ƑĚƙĚƑǄĚ Ŀƙ ƑĚČŕîƙƙĿǛĚē ƥū ŠĚƥ ƎƑūǛƥ ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ Ǆȴ ūƑƑūǅĿŠijƙȠ Borrowings are initially recognised at fair value, net of transaction costs incurred. Borrowings are subsequently measured at amortised cost. Any difference between the proceeds (net of transaction costs) and the redemption amount is recognised ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ ūǄĚƑ ƥĺĚ ƎĚƑĿūē ūlj ƥĺĚ ċūƑƑūǅĿŠijƙ ƭƙĿŠij ƥĺĚ ĚljljĚČƥĿǄĚ ĿŠƥĚƑĚƙƥ ŞĚƥĺūēȦ GĚĚƙ ƎîĿē ūŠ ƥĺĚ ĚƙƥîċŕĿƙĺŞĚŠƥ ūlj ŕūîŠ ljîČĿŕĿƥĿĚƙ îƑĚ ƑĚČūijŠĿƙĚē îƙ ƥƑîŠƙîČƥĿūŠ Čūƙƥƙ ūlj ƥĺĚ ŕūîŠ ƥū ƥĺĚ ĚǊƥĚŠƥ ƥĺîƥ Ŀƥ Ŀƙ probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw down occurs. ūƑƑūǅĿŠijƙ îƑĚ ƑĚŞūǄĚē ljƑūŞ ƥĺĚ îŕîŠČĚ ¬ĺĚĚƥ ǅĺĚŠ ƥĺĚ ūċŕĿijîƥĿūŠ ƙƎĚČĿǛĚē ĿŠ ƥĺĚ ČūŠƥƑîČƥ Ŀƙ ēĿƙČĺîƑijĚēȡ ČîŠČĚŕŕĚē ūƑ ĚǊƎĿƑĚēȦ ¹ĺĚ ēĿljljĚƑĚŠČĚ ċĚƥǅĚĚŠ ƥĺĚ ČîƑƑǋĿŠij îŞūƭŠƥ ūlj î ǛŠîŠČĿîŕ ŕĿîċĿŕĿƥǋ ƥĺîƥ ĺîƙ ċĚĚŠ ĚǊƥĿŠijƭĿƙĺĚē ūƑ ƥƑîŠƙljĚƑƑĚē ƥū another party and the consideration paid, including any non-cash assets transferred or liabilities assumed, is recognised ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ îƙ ūƥĺĚƑ ĿŠČūŞĚ ʈ ȳĚǊƎĚŠƙĚȴȦ ūƑƑūǅĿŠijƙ îƑĚ ČŕîƙƙĿǛĚē îƙ ČƭƑƑĚŠƥ ŕĿîċĿŕĿƥĿĚƙ ƭŠŕĚƙƙ ƥĺĚ HƑūƭƎ ĺîƙ îŠ ƭŠČūŠēĿƥĿūŠîŕ ƑĿijĺƥ ƥū ēĚljĚƑ ƙĚƥƥŕĚŞĚŠƥ ūlj ƥĺĚ liability for at least 12 months after the reporting period. ǅȴ ūƑƑūǅĿŠij ČūƙƥƙȠ Borrowing costs that are directly attributable to the acquisition, constrution or production of a qualifying asset are capitalised during the period of time that is required to complete and prepare the asset for its intended use or sale. Qualifying assets are assets that necessarily take a substantial period of time to get ready for their intended use or sale. TŠǄĚƙƥŞĚŠƥ ĿŠČūŞĚ ĚîƑŠĚē ūŠ ƥĺĚ ƥĚŞƎūƑîƑǋ ĿŠǄĚƙƥŞĚŠƥ ūlj ƙƎĚČĿǛČ ċūƑƑūǅĿŠijƙ ƎĚŠēĿŠij ƥĺĚĿƑ ĚǊƎĚŠēĿƥƭƑĚ ūŠ ƐƭîŕĿljǋĿŠij îƙƙĚƥƙ Ŀƙ ēĚēƭČƥĚē ljƑūŞ ƥĺĚ ċūƑƑūǅĿŠij Čūƙƥƙ ĚŕĿijĿċŕĚ ljūƑ ČîƎĿƥîŕĿƙîƥĿūŠȦ ~ƥĺĚƑ ċūƑƑūǅĿŠij Čūƙƥƙ îƑĚ ĚǊƎĚŠƙĚē ĿŠ ƥĺĚ ƎĚƑĿūē in which they are incurred. Consolidated | Notes to the Financial Statements 197