Page 223 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
STATEMENTS
REPORTS
REPORT
Standalone

18. Provisions
` in crore
As at As at
Particulars
March 31, 2022 March 31, 2021
Non-Current
(a) Provision for employee benefits
(i) Pension and other post retirement benefits (note 34) 128.43 147.58
(ii) Long service awards 2.29 2.15
130.72 149.73
(b) Other provisions (footnote 'i') 2.12 2.12
132.84 151.85
Current
(a) Provision for employee benefits
(i) Pension and other post retirement benefits (note 34) 6.36 6.01
(ii) Compensated absences and long service awards 44.75 43.65
51.11 49.66
(b) Other provisions (footnote 'i') 167.64 154.52
218.75 204.18
Footnote:
(i) Other provisions include: ` in crore
Asset Provision for
Particulars retirement litigations Total
obligation (1) and others (2)
Balance as at April 1, 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 / utilisation during the year - (3.94) (3.94)
Balance as at March 31, 2021 15.37 141.27 156.64
Provisions pertaining to discontinued operation (Phosphatic Fertilisers business) - 7.84 7.84
Provisions recognised during the year - 5.95 5.95
Payments/utilisation during the year - (0.67) (0.67)
Balance as at March 31, 2022 15.37 154.39 169.76
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
Balance as at March 31, 2022
Non-Current 2.12 - 2.12
Current 13.25 154.39 167.64
Total 15.37 154.39 169.76
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.

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