Page 265 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Report Statutory Reports Financial Statements
1-59 60-146 Consolidated

Footnotes:
(i) Other provisions include: ` in crore
Asset Provision Provision Provision for Provision for
retirement for emission for restructuring litigations Total
obligation allowance warranty expenses and others
(1) (2) (3) (4) (5)
Balance as at April 1, 2019 182.12 8.18 0.39 11.63 142.42 344.74
Provisions pertaining to discontinued operation
(Phosphatic Fertilisers business) - - - - 7.84 7.84
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
Provisions pertaining to discontinued operation
(Phosphatic Fertilisers business) - - - - 7.84 7.84
Provisions recognised during the year 9.26 84.67 0.24 - 3.20 97.37
Payments/utilisations/surrenders during the year (2.78) - (0.32) - (3.94) (7.04)
Exchange fluctuations (4.72) 3.50 - - - (1.22)
Balance as at March 31, 2021 197.94 92.09 0.33 - 141.70 432.06
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
Balance as at March 31, 2021
Non-Current 184.69 - - - - 184.69
Current 13.25 92.09 0.33 - 141.70 247.37
Total 197.94 92.09 0.33 - 141.70 432.06
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. The timing of the outflows is expected to be within a period of one year from the date of Consolidated Balance Sheet.
(3) Provision for warranty relates to 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 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.

22. Deferred tax assets (net) and liabilities (net)
` in crore
As at As at
March 31, 2021 March 31, 2020
(a) Deferred tax assets (net) (footnote 'i') - 15.31
(b) Deferred tax liabilities (net) (footnote 'ii') (1,572.11) (1,437.94)

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