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Integrated report Statutory reportS Financial StatementS
Standalone

` in crore
As at March 31, 2020
Investments - Non-current
(i) Equity shares of Tata Chemicals International Pte. Limited 3,123.75
(ii) Preference shares of Tata Chemicals International Pte. Limited 750.16
(iii) Preference shares of Gusiute Holdings (uK) Limited 65.18
(iv) Preference shares of Homefield Pvt uK Limited 116.34
Less: Impairment (116.34) 3,939.09
Loans - Non-current 639.81
Less: Impairment (639.81) -
Cash and cash equivalents 5.21
Current financial assets 55.44
Other current assets 0.02
Other current liabilities (0.08)
Total Net Assets Aquired (A) 3,999.68
Retained earnings aquired (B) (877.97)
Investments - Non-current (C)
(i) Equity shares of Bio Energy Venture - 1 (Mauritius) Pvt. Ltd 2,398.39
(ii) Preference shares of Bio Energy Venture - 1 (Mauritius) Pvt. Ltd 977.63 3,376.02
Capital Reserve (A-B-C) 1,501.63

37. Leases
Change in accounting policy
Except as specified below, the Company has consistently applied the accounting policies to all periods presented in this Standalone
Financial Statements. The Company has applied Ind AS 116 - Leases with the date of initial application of April 1, 2019. As a result, the
Company has changed its accounting policy for lease contracts as detailed below.
The Company has applied Ind AS 116 - Leases using the modified retrospective approach, under which the cumulative effect of initial
application is recognised in retained earnings at April 1, 2019.
` in crore
Non-current Current Total
Lease commitments as at March 31, 2019 (erstwhile finance leases) 13.46 5.38 18.84
Adjustments on account of discontinued operation (2.39) (1.18) (3.57)
Contracts reassessed as lease contracts 0.61 3.74 4.35
Lease liabilities as on April 1, 2019 11.68 7.94 19.62

The impact of change in accounting policy on account of adoption of Ind AS 116 is as follows : ` in crore

Increase in lease liability 4.35
Increase in right of use assets (4.03)
Increase in deferred tax assets (0.11)
Transition impact disclosed in retained earnings 0.21
Maturity analysis of lease liabilities
Maturity analysis – contractual undiscounted cash flows
Less than one year 5.49
One to five years 11.24
More than five years 0.56
Total undiscounted lease liabilities at March 31, 2020 17.29
Discounted Cash flows
Current 4.35
Non-Current 10.41
Lease liabilities as at March 31, 2020 14.76
Expenses relating to short-term leases and low value assets have been disclosed under rent in note 31(e).
The incremental borrowing rate of 8.00% p.a. to 9.50% p.a. has been applied to lease liabilities recognised in the Standalone Balance
Sheet.

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