Page 273 - Tata_Chemicals_yearly-reports-2020-2021

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

The financial performance and cash flows for discontinued operations till the effective date of sale:
(a) Analysis of profit from discontinued operations ` in crore
Year ended Year ended
March 31, 2021 March 31, 2020
Exceptional gain/(loss) (net)
Gain on disposal of discontinued operations (note 36 (b)) - 6,220.15
Pertaining to Phosphatic Fertilisers business and Trading business (footnote 'i') - (26.71)
Pertaining to urea and customised fertilisers business (footnote 'i') - (65.36)
- 6,128.08
Share of profit of joint ventures (net of tax) (note 9 (a)) - 31.34
Profit before tax - 6,159.42
Current tax - (1.69)
Deferred tax - (38.63)
Profit after tax - 6,199.74
Footnote:
(i) Includes provisions made, relating to the erstwhile fertilizer businesses, as per revised notifications issued by the concerned
department for change in rate of subsidy for previous years.

(b) Gain on disposal of discontinued operations: ` in crore

Year ended Year ended
March 31, 2021 March 31, 2020
Consideration (Deemed dividend to shareholders) - 6,307.97
Transaction costs (demerger expenses) - (33.00)
Other adjustments - 22.57
Net assets transferred (footnote 'i') - (77.39)
Gain on disposal - 6,220.15

Footnote:
(i) Information of assets and liabilities transferred as per the Scheme on the appointed date ` in crore
As at As at
March 31, 2021 March 31, 2020
Property, plant and equipment and intangible assets (Including CWIP) - 4.13
Deferred tax assets (net) - 5.79
Other non-current assets - 0.95
Inventories - 154.00
Trade receivables and other financial receivables - 81.43
Other current assets - 20.70
Total Assets (A) - 267.00
Other non-current liabilities - 2.39
Other current liabilities - 187.22
Total Liabilities (B) - 189.61
Net assets (A - B) - 77.39

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