Page 188 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Annual Report 2020-21

Footnote:
(i) Other provisions include: ` in crore
Asset Provision for
retirement litigations and Total
obligation (1) others (2)
Balance as at March 31, 2019 15.30 139.55 154.85
Provisions pertaining to discontinued operation (refer note 34) - 7.84 7.84
Provisions recognised during the year 0.06 4.12 4.18
Payments / utilisation during the year - (17.35) (17.35)
Balance as at March 31, 2020 15.36 134.16 149.52
Provisions pertaining to discontinued operation (Phosphatic Fertilisers business) - 7.84 7.84
Provisions recognised during the year 0.01 3.21 3.22
Payments during the year - (3.94) (3.94)
Balance as at March 31, 2021 15.37 141.27 156.64
Balance as at March 31, 2020
Non-Current 2.11 - 2.11
Current 13.25 134.16 147.41
Total 15.36 134.16 149.52
Balance as at March 31, 2021
Non-Current 2.12 - 2.12
Current 13.25 141.27 154.52
Total 15.37 141.27 156.64
Nature of provisions :
1) Provision for asset retirement obligation includes provision towards site restoration expense and decomissioning charges. The timing
of the outflows is expected to be within a period of one to thirty years from the date of Balance Sheet.
2) Provision for litigations and 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.
20. Deferred tax assets and liabilities
` in crore
As at As at
March 31, 2021 March 31, 2020
(a) Deferred tax assets (61.92) (151.88)
(b) Deferred tax liabilities 263.85 211.43
Deferred tax liabilities (net) 201.93 59.55

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