Page 329 - Tata Chemical Annual Report_2022-2023

Integrated Annual Report 2022-23 01-83 84-192 193-365
Integrated Report Statutory Reports Financial Statements
Consolidated

(ii) Deferred tax liabilities (net)) 2021-22

As at Recognised in Recognised in Recognised Exchange As at As at Recognised in Recognised in Recognised Exchange As at
April 1, 2022 profit or loss profit or loss in Other fluctuations March 31, 2023 April 1, profit or loss profit or loss in Other fluctuations March 31,
Particular (continuing (discontinued Comprehensive Particular 2021 (continuing (discontinued Comprehensive 2022
operations) operations) Income operations) operations) Income
(note 36) (note 36)
Deferred tax assets/ Deferred tax assets/
(liabilities) in (liabilities) in relation to:
relation to: Property, plant and (1,355) 20 - - (40) (1,375)
Property, plant and (1,375) 23 - - (95) (1,447) equipments (PPE) and
equipments (PPE) and intangible asset
intangible asset Acquisition of non- (182) (15) - - (7) (204)
controlling interest (PPE and
Acquisition of non- (204) (27) - - (18) (249)
controlling interest Intangible)
(PPE and Intangible) Allowance for doubtful debts 37 (2) - - - 35
and Advances
Allowance for 35 2 - - - 37
doubtful debts and Accrued expenses allowed in (43) 5 - (175) - (213)
Advances the year of payment and on
fair value of investments
Accrued expenses (213) 13 - 6 - (194) Mark to market gains on (25) 8 - (189) 4 (202)
allowed in the year mutual funds and derivatives
of payment and
on fair value of Right-of-use and lease liability 10 (2) - - - 8
investments Financial assets at FVTOCI 5 - - 5
Partnership tax basis (61) 24 - (27) (2) (66)
Mark to market gains (202) (18) - 191 6 (23) differences for USA
on mutual funds and Subsidiaries
derivatives
Defined benefit obligation 14 6 - (12) - 8
Right-of-use and 8 (1) - - - 7 Others 28 (37) (23) (2) 1 (33)
lease liability
(1,572) 7 (23) (405) (44) (2,037)
Financial assets at 5 - - - - 5
FVTOCI (iii) Unrecognised deferred tax assets
Partnership tax basis (66) 19 - 22 (5) (30) Deferred tax assets have not been recognised in respect of the following items, because it is not probable that future taxable profit
differences for USA will be available in foreseeable future against which the Group can use the benefits therefrom:
Subsidiaries
Defined benefit 8 6 - (8) - 6 ` in crore
obligation As at March 31, 2023 As at March 31, 2022
Particular
Others (including (33) (18) - 7 (3) (47) Gross amount Tax effect Gross amount Tax effect
other payables) Deductible temporary differences 1,258 314 1,560 406
(2,037) (1) - 218 (115) (1,935) Unused tax losses 639 157 646 169
1,897 471 2,206 575
The Unused tax losses amounting to ` 3 crore (2022: ` 3 crore) for which no deferred tax asset was recognised expires between
FY 2027 - 2030

The Unused tax losses differences to ` 128 crore (2022: ` Nil) for which no deferred tax asset was recognised expires between
FY 2030 - 2031

The deductible temporary differences and others unused tax losses do not expire under current tax legislation i.e. ` 1,766 crore (2022:
` 2,203 crore).

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