Page 289 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
REPORTS
REPORT
STATEMENTS
Consolidated

7(b). Goodwill
Goodwill of ` 45.53 crore (2021: ` 45.53 crore) relates to the precipitated silica business. The estimated value in use of the CGU is based
on future cash flows of forecasted period of 20 years and discount rate of 13%, which consider the operating and macro-economic
environment in which the entity operates.
An analysis of the sensitivity of the change in key parameters (operating margin, discount rates and long term average growth rate), based
on reasonably probable assumptions, did not result in any probable scenario in which the recoverable amount of the CGU would decrease
below the carrying amount.
8(a). Other intangible assets
` in crore
Product
Computer Technical registration, Mining
Particulars Total
Software knowhow contractual rights rights
and others*
Gross Block
Balance as at April 1, 2020 22.96 23.87 27.32 8,442.43 8,516.58
Additions / Adjustments 7.24 2.41 5.65 (0.16) 15.14
Disposals (0.03) (2.10) - - (2.13)
Exchange fluctuations (0.52) - - (268.78) (269.30)
Balance as at March 31, 2021 29.65 24.18 32.97 8,173.49 8,260.29
Additions 4.45 4.51 3.06 - 12.02
Disposals (0.04) (0.20) (1.06) - (1.30)
Exchange fluctuations 0.65 - - 291.22 291.87
Balance as at March 31, 2022 34.71 28.49 34.97 8,464.71 8,562.88
Accumulated amortisation
Balance as at April 1, 2020 15.76 18.76 18.83 510.75 564.10
Amortisation for the year 3.11 4.16 3.30 106.93 117.50
Disposals (0.03) (1.75) - - (1.78)
Exchange fluctuations (0.35) - - (17.58) (17.93)
Balance as at March 31, 2021 18.49 21.17 22.13 600.10 661.89
Amortisation for the year 3.15 3.01 4.43 93.46 104.05
Disposals (0.03) - (0.09) - (0.12)
Exchange fluctuations 0.43 - - 22.90 23.33
Balance as at March 31, 2022 22.04 24.18 26.47 716.46 789.15
Net Block as at March 31, 2021 11.16 3.01 10.84 7,573.39 7,598.40
Net Block as at March 31, 2022 12.67 4.31 8.50 7,748.25 7,773.73

* Others include wagon rights provided by the Ministry of Railways to carry goods at concessional freight.
8(b). Intangible assets under development
` in crore
Year ended Year ended
Particulars
March 31, 2022 March 31, 2021
Opening carrying value as at April 1 58.80 47.22
Additions / adjustments 30.97 26.72
Transfer to other intangible assets (12.02) (15.14)
Closing carrying value as at March 31 77.75 58.80

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