138 Atul Ltd | Annual Report 2021-22 Note 2 Property, plant and equipment and capital work-in-progress (` cr) Particulars Land - freehold1 Rightof-use leasehold land2 Buildings1,3 Plant and equipment Vehicles Office equipment and furniture Roads Bearer plants Total Capital work-inprogress4 Gross carrying amount As at March 31, 2020 32.19 3.93 213.68 1,067.42 9.87 18.25 13.51 0.33 1,359.18 234.89 Additions 15.66 - 16.58 239.19 3.02 1.73 0.52 - 276.70 108.26 Disposals, transfers and adjustments - - - (34.61) (2.71) (0.18) - - (37.50) (104.23) As at March 31, 2021 47.85 3.93 230.26 1,272.00 10.18 19.80 14.03 0.33 1,598.38 238.92 Additions 22.84 - 14.08 329.89 2.47 3.17 0.86 0.40 373.71 313.55 Disposals, transfers and adjustments - - - (35.61) (2.07) (12.19) - - (49.87) (379.03) As at March 31, 2022 70.69 3.93 244.34 1,566.28 10.58 10.78 14.89 0.73 1922.22 173.44 Depreciation | Amortisation Up to March 31, 2020 - 0.31 34.91 400.76 2.16 8.63 8.89 0.04 455.70 - For the year - 0.05 8.27 105.24 2.14 1.90 2.32 0.01 119.93 - Disposals, transfers and adjustments - - - (29.40) (2.25) (0.15) - - (31.80) - Up to March 31, 2021 - 0.36 43.18 476.60 2.05 10.38 11.21 0.05 543.83 - For the year - 0.05 8.61 131.56 2.18 2.10 1.40 0.02 145.92 - Disposals, transfers and adjustments - - (0.03) (26.28) (1.70) (11.71) - (0.01) (39.73) - Up to March 31, 2022 - 0.41 51.76 581.88 2.53 0.77 12.61 0.06 650.02 - Net carrying amount As at March 31, 2021 47.85 3.57 187.08 795.40 8.13 9.42 2.82 0.28 1,054.55 238.92 As at March 31, 2022 70.69 3.52 192.58 984.40 8.05 10.01 2.28 0.67 1,272.20 173.44 Notes: 1Pursuant to the order passed by The Honourable High Court of Gujarat, dated November 17, 2008, and April 17, 2009, in case of water charges, the Company has created first charge over its certain land and buildings having carrying value of ` 9.27 cr (March 31, 2021: ` 9.66 cr) in favour of the Government of Gujarat and paid a security deposit of ` 2 cr (March 31, 2021: ` 2 cr). 2The Company has taken on lease a parcel of land from Gujarat Industrial Development Corporation for a period of 99 years with an option to extend the lease by another 99 years on expiry of lease at a rental that is 100% higher than the prevailing rent. It has considered that such a lease of land transfers substantially all of the risks and rewards incidental to ownership of land. 3Includes premises on ownership basis of ` 1.10 cr (March 31, 2021: ` 1.10 cr) and cost of fully paid share in co-operative society of ` 2,000 (March 31, 2021: ` 2,000). 4Capital work-in-progress mainly comprises addition | expansion projects in progress. Refer Note 17 (b) for information on property, plant and equipment hypothecated | mortgaged as security by the Company. Refer Note 28. 2 for disclosure of contractual commitment for acquisition of property, plant and equipment.
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