Page 165 - Tata_Chemicals_yearly-reports-2017-18

18. Provisions

` in crore
Particulars As at As at
31 March, 2018 31 March, 2017
Non-Current
(a) Provision for employee benefits
(i) Pension and other post retirement benefits (note 34) 111.76 137.27
(ii) Others 2.85 3.83
114.61 141.10
(b) Other provisions (footnote ‘i’) 2.90 2.42
117.51 143.52
Current
(a) Provision for employee benefits Integrated Report
(i) Pension and other post retirement benefits (note 34) 5.16 4.25
(ii) Others 41.77 48.88
46.93 53.13
(b) Other provisions (footnote ‘i’) 50.26 129.71
97.19 182.84
Footnotes:
(i) Other provisions include: ` in crore
Particulars Asset Provision for Others Total
retirement warranty
obligation
(1) (2) (3)
Balance at 1 April, 2016 17.55 0.28 101.93 119.76
Provisions pertaining to discontinued operation (note 31) (3.12) - - (3.12)
Provisions recognised during the year 0.56 0.33 17.07 17.96 Statutory Reports
Payments / utilisation during the year - (0.03) (1.16) (1.19)
Unused amount reversed during the year - (0.19) (1.09) (1.28)
Balance at 31 March, 2017 14.99 0.39 116.75 132.13
Provisions pertaining to discontinued operation (note 31) - - (92.29) (92.29)
Provisions recognised during the year 0.48 0.32 12.71 13.51
Payments/utilisation during the year - - (0.04) (0.04)
Unused amount reversed during the year - (0.15) - (0.15)
Balance at 31 March, 2018 15.47 0.56 37.13 53.16
Balance at 31 March, 2017
Non-Current 2.42 - - 2.42
Current 12.57 0.39 116.75 129.71
Total 14.99 0.39 116.75 132.13 Financial Statements

Balance at 31 March, 2018
Non-Current 2.90 - - 2.90
Current 12.57 0.56 37.13 50.26
Total 15.47 0.56 37.13 53.16

Nature of provisions :
1) 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 warranty represents 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 balance sheet.
3) Provision for 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.
Standalone Financial Statements 163