232 Atul Ltd | Annual Report 2022-23 Atul Ltd | Annual Report 2022-23 Atul Ltd Atul House G I Patel Marg Ahmedabad 380 014, Gujarat India Atul Ltd | Annual Report 2022-23 Reconnect | Reimagine | Regrow Corporate Overview Statutory Reports Financial Statements Reconciliation of revenue from contracts with customers recognised at contract price (` cr) Particulars 2022-23 2021-22 Contract price 5,460.50 5,113.08 Adjustments for: Consideration payable to customers - discounts1 (88.83) (67.16) Contract price allocated to unsatisfied performance obligation for sale of services (net)2 8.83 (6.26) Revenue from contracts with customers 5,380.50 5,039.66 1Consideration payable to customers like discounts and price reductions offered to customers are estimated on specific identified basis and reduced from the contract price when the Group recognises revenue from the transfer of the related goods or services to the customer and the entity pays or promises to pay the consideration. 2Unsatisfied performance obligation for sale of services comprises revenue from insurance and freight services for exports in-progress as at March 31, 2023, of ` 7.54 cr, net of revenue recognised for such services for similar contracts in-progress as at March 31, 2022, for ` 16.37 cr. The revenue for exports in-progress as at March 31, 2023, will be recognised in 2022-23 upon completion of the exports. (` cr) Note 23 Other income 2022-23 2021-22 Interest income Interest income from financial assets measured at amortised cost 1.91 7.24 Interest income from financial assets measured at FVTPL 9.16 7.92 Interest from others 0.13 3.21 11.20 18.37 Dividend income Dividend from equity investments measured at FVTOCI 7.06 4.17 7.06 4.17 Other non-operating income Insurance claims received 40.52 8.33 Lease income 1.65 1.26 Gain on investments measured at FVTPL 10.74 24.25 Fair value changes in biological assets 3.75 2.10 Gain | (loss) on disposal of property, plant and equipment 0.30 (0.56) Net exchange rate difference gain | (loss) 29.28 11.29 Others 10.37 6.79 96.61 53.46 114.87 76.00 (` cr) Note 24 Cost of materials consumed 2022-23 2021-22 Raw materials and packing materials consumed Stocks at commencement 200.69 155.77 Add: Purchase 2,556.33 2,644.97 2,757.02 2,800.74 Less: Stocks at close 152.85 200.69 2,604.17 2,600.05 Note 22 Revenue from operations (continued)
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