Atul Ltd 2018-19

sūƥĚ ǨǯȦǬ /ŞƎŕūǋĚĚ ċĚŠĚǛƥ ūċŕĿijîƥĿūŠƙ ȳČūŠƥĿŠƭĚēȴ Risk exposure ¹ĺƑūƭijĺ Ŀƥƙ ēĚǛŠĚē ċĚŠĚǛƥ ƎŕîŠƙȡ ƥĺĚ HƑūƭƎ Ŀƙ ĚǊƎūƙĚē ƥū î ŠƭŞċĚƑ ūlj ƑĿƙŒƙȡ ƥĺĚ Şūƙƥ ƙĿijŠĿǛČîŠƥ ūlj ǅĺĿČĺ îƑĚ ēĚƥîĿŕĚē ċĚŕūǅȠ i) Asset volatility The plan liabilities are calculated using a discount rate set with reference to bond yields; if plan assets underperform this ǋĿĚŕēȡ ƥĺĿƙ ǅĿŕŕ ČƑĚîƥĚ î ēĚǛČĿƥȦ qūƙƥ ūlj ƥĺĚ ƎŕîŠ îƙƙĚƥ ĿŠǄĚƙƥŞĚŠƥƙ îƑĚ ĿŠ ǛǊĚē ĿŠČūŞĚ ƙĚČƭƑĿƥĿĚƙ ǅĿƥĺ ĺĿijĺ ijƑîēĚƙ îŠē ĿŠ ijūǄĚƑŠŞĚŠƥ ƙĚČƭƑĿƥĿĚƙȦ ¹ĺĚƙĚ îƑĚ ƙƭċŏĚČƥ ƥū ĿŠƥĚƑĚƙƥ ƑîƥĚ ƑĿƙŒȦ ¹ĺĚ HƑūƭƎ ĺîƙ î ƑĿƙŒ ŞîŠîijĚŞĚŠƥ ƙƥƑîƥĚijǋ ǅĺĚƑĚ ƥĺĚ îijijƑĚijîƥĚ îŞūƭŠƥ ūlj ƑĿƙŒ ĚǊƎūƙƭƑĚ ūŠ î ƎūƑƥljūŕĿū ŕĚǄĚŕ Ŀƙ ŞîĿŠƥîĿŠĚē îƥ î ǛǊĚē ƑîŠijĚȦ Šǋ ēĚǄĿîƥĿūŠƙ ljƑūŞ ƥĺĚ ƑîŠijĚ îƑĚ ČūƑƑĚČƥĚē ċǋ ƑĚċîŕîŠČĿŠij ƥĺĚ ƎūƑƥljūŕĿūȦ ¹ĺĚ HƑūƭƎ ĿŠƥĚŠēƙ ƥū ŞîĿŠƥîĿŠ ƥĺĚ îċūǄĚ ĿŠǄĚƙƥŞĚŠƥ ŞĿǊ ĿŠ ƥĺĚ ČūŠƥĿŠƭĿŠij ǋĚîƑƙȦ ii) Changes in bond yields A decrease in bond yields will increase plan liabilities, although this will be partially offset by an increase in the value of other bond holdings. ¹ĺĚ HƑūƭƎ îČƥĿǄĚŕǋ ŞūŠĿƥūƑƙ ĺūǅ ƥĺĚ ēƭƑîƥĿūŠ îŠē ƥĺĚ ĚǊƎĚČƥĚē ǋĿĚŕē ūlj ƥĺĚ ĿŠǄĚƙƥŞĚŠƥƙ îƑĚ ŞîƥČĺĿŠij ƥĺĚ ĚǊƎĚČƥĚē Čîƙĺ ūƭƥǜūǅƙ îƑĿƙĿŠij ljƑūŞ ƥĺĚ ĚŞƎŕūǋĚĚ ċĚŠĚǛƥ ūċŕĿijîƥĿūŠƙȦ ¹ĺĚ HƑūƭƎ ĺîƙ Šūƥ ČĺîŠijĚē ƥĺĚ ƎƑūČĚƙƙĚƙ ƭƙĚē ƥū ŞîŠîijĚ Ŀƥƙ ƑĿƙŒƙ ljƑūŞ ƎƑĚǄĿūƭƙ ƎĚƑĿūēƙȦ TŠǄĚƙƥŞĚŠƥƙ îƑĚ ǅĚŕŕ ēĿǄĚƑƙĿǛĚēȡ ƙƭČĺ ƥĺîƥ ƥĺĚ ljîĿŕƭƑĚ ūlj îŠǋ ƙĿŠijŕĚ ĿŠǄĚƙƥŞĚŠƥ ǅūƭŕē Šūƥ ĺîǄĚ a material impact on the overall level of assets. A large portion of assets consists insurance funds, although the Group also invests in corporate bonds and special deposit ƙČĺĚŞĚȦ ¹ĺĚ ƎŕîŠ îƙƙĚƥ ŞĿǊ Ŀƙ ĿŠ ČūŞƎŕĿîŠČĚ ǅĿƥĺ ƥĺĚ ƑĚƐƭĿƑĚŞĚŠƥƙ ūlj ƥĺĚ ƑĚƙƎĚČƥĿǄĚ ŕūČîŕ ƑĚijƭŕîƥĿūŠƙȦ /ǊƎĚČƥĚē ČūŠƥƑĿċƭƥĿūŠƙ ƥū ƎūƙƥȹĚŞƎŕūǋŞĚŠƥ ċĚŠĚǛƥ ƎŕîŠƙ ljūƑ ƥĺĚ ǋĚîƑ ĚŠēĿŠij qîƑČĺ ǩǧȡ ǨǦǨǦ îƑĚ ` 2.75 cr. ¹ĺĚ ǅĚĿijĺƥĚē îǄĚƑîijĚ ēƭƑîƥĿūŠ ūlj ƥĺĚ ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ Ŀƙ Ǭ ǋĚîƑƙȦ ¹ĺĚ ĚǊƎĚČƥĚē ŞîƥƭƑĿƥǋ îŠîŕǋƙĿƙ ūlj ijƑîƥƭĿƥǋ Ŀƙ as follows: ( ` cr) Particulars Less than a year Between 1 - 2 years Between 2 - 5 years Over 5 years Total /ǊƎĚČƥĚē ēĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ ȳijƑîƥƭĿƥǋȴ As at March 31, 2019 12.73 6.57 18.38 27.12 ǬǪȦǮǦ As at March 31, 2018 9.8 6.33 19.83 ǪǬȦǧ 82.06 ¡ƑūǄĿēĚŠƥ ljƭŠēȠ In case of certain employees, the provident fund contribution is made to a trust administered by the Group. The actuary has provided a valuation of provident fund liability based on the assumptions listed below and determined that there is no shortfall as at March 31, 2019. ( ` cr) Expenses recognised for the year ended March 31, 2019 (included in Note 26) As at March 31, 2019 As at March 31, 2018 i) 'ĚǛŠĚē ċĚŠĚǛƥ ūċŕĿijîƥĿūŠ 10.29 ǯȦǪǮ ii) Fund 10.25 9.81 iii) Net asset | (liability) ȳǦȦǦǪȴ 0.33 iv) ĺîƑijĚ ƥū ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ ēƭƑĿŠij ƥĺĚ ǋĚîƑ 0.28 0.20 226 Atul Ltd | Annual Report 2018-19 Corporate Overview 01-22 Statutory Reports 23-105 Financial Statements 107-250