Page 283 - Tata_Chemicals_yearly-reports-2019-20

Integrated report Statutory reportS Financial StatementS
Consolidated

Footnote:
(i) Other provisions include: ` in crore
Asset Provision Provision for
retirement for emission Provision for restructuring Others
obligation allowance warranty expenses (5) Total
(1) (2) (3) (4)
Balance as at April 1, 2018 168.00 15.86 0.56 13.49 147.02 344.93
provision pertaining to discontinued operation - - - - 100.16 100.16
provisions recognised during the year 8.95 27.21 0.39 - 7.08 43.63
payments/utilisations/surrenders during the year (4.09) (34.69) (0.56) (1.63) (119.60) (160.57)
exchange fluctuations 9.26 (0.20) - (0.23) 7.76 16.59
Balance as at March 31, 2019 182.12 8.18 0.39 11.63 142.42 344.74
provisions pertaining to discontinued operation - - - - 7.84 7.84
(phosphatic fertiliser business)
provisions recognised during the year 10.76 135.98 0.31 - 7.20 154.25
payments/utilisations/surrenders during the year (12.30) (140.36) (0.29) (11.57) (22.86) (187.38)
exchange fluctuations 15.60 0.12 - (0.06) - 15.66
Balance as at March 31, 2020 196.18 3.92 0.41 - 134.60 335.11
Balance as at March 31, 2019
non-Current 168.87 - - 11.63 - 180.50
Current 13.25 8.18 0.39 - 142.42 164.24
Total 182.12 8.18 0.39 11.63 142.42 344.74
Balance as at March 31, 2020
non-Current 182.93 - - - - 182.93
Current 13.25 3.92 0.41 - 134.60 152.18
Total 196.18 3.92 0.41 - 134.60 335.11
Nature of provisions :
(1) provision for asset retirement obligation represents site restoration expense and decommissioning charges in India and cost towards
reclamation of the mine and land upon the termination of the partnership in uSa. the timing of the outflows is expected to be within
a period of 1 to 96 years from the date of Consolidated Balance Sheet.
(2) provision for emission allowance represents obligations to surrender carbon emission allowances under the eu emissions trading
scheme.
(3) provision for warranty relates certain products that fail to perform satisfactorily during the warranty period. provision made as at
respective year ends represents the amount of the expected cost of meeting such obligations of rectification/replacement. the
timing of the outflows is expected to be within a period of one year from the date of Consolidated Balance Sheet.
(4) provision for restructuring expenses represents costs to be incurred following the closure of plant in uK and committed expenditure
to demolish redundant power facilities owned by the group in uK.
(5) provision for others represents management’s best estimate of outflow of economic resources in respect of water charges, entry tax,
land revenue and other disputed items including direct taxes, indirect taxes and other claims. the timing of outflows is uncertain and
will depend on the cessation of the respective cases.

22. Deferred tax assets (net) and liabilities (net)
` in crore
As at As at
March 31, 2020 March 31, 2019
(a) deferred tax assets (net) (footnote 'i') 15.31 36.24
(b) deferred tax liabilities (net) (footnote ‘ii’) (1,437.94) (1,297.18)

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