166 Atul Ltd | Annual Report 2021-22 d) Current tax assets (` cr) Particulars As at March 31, 2022 As at March 31, 2021 Opening balance 10.99 9.18 Add: Taxes paid in advance, net of provision during the year (4.10) 1.81 Closing balance 6.89 10.99 e) Current tax liabilities (` cr) Particulars As at March 31, 2022 As at March 31, 2021 Opening balance 4.32 - Add: Current tax payable for the year 200.61 199.19 Less: Taxes paid (198.23) (194.87) Closing balance 6.70 4.32 f) Deferred tax liabilities (net) The balance comprises temporary differences attributable to the below items and corresponding movement in deferred tax liabilities | (assets): (` cr) Particulars As at March 31, 2022 Charged | (Credited) to As at March 31, 2021 Charged | (Credited) to As at March 31, 2020 profit or loss OCI | equity profit or loss OCI | equity Property, plant and equipment 85.13 (1.5) - 86.67 (5.03) - 91.70 Unrealised gain on mutual fund 3.68 (0.9) - 4.53 4.13 - 0.40 Fair value equity investments (net) 27.38 - 2.53 24.85 - 9.61 15.24 Total deferred tax liabilities 116.19 (2.4) 2.53 116.05 (0.90) 9.61 107.34 Provision for leave encashment (9.30) (1.28) - (8.02) (1.05) - (6.97) Provision for doubtful debts (3.07) (0.09) - (2.98) (0.45) - (2.53) Regulatory and other charges (6.33) 0.01 - (6.34) 0.38 - (6.72) Investment properties (7.43) (0.42) - (7.01) (0.31) - (6.70) Cash flow hedges 0.30 - 0.13 0.17 - 0.15 0.02 Total deferred tax assets (25.83) (1.78) 0.13 (24.18) (1.43) 0.15 (22.90) Net deferred tax liabilities | (assets) 90.36 (4.17) 2.66 91.87 (2.33) 9.76 84.44 Note 28.6 Employee benefit obligations Funded schemes a) Defined benefit plans Gratuity The Company operates a gratuity plan through the Atul Ltd Employees Gratuity Fund. Every employee is entitled to a benefit equivalent to the last drawn salary of 15 days for each completed year of service in line with the Payment of Gratuity Act, 1972 or the Company scheme, whichever is more beneficial. Gratuity is payable at the time of separation or retirement from the Company, whichever is earlier. The benefit vests after five years of continuous service. Note 28.5 Current and deferred tax (continued)
RkJQdWJsaXNoZXIy MjA2MDI2