Page 166 - Tata_Chemicals_yearly-reports-2017-18

19. Deferred tax assets and liabilities

` in crore
Particulars As at As at
31 March, 2018 31 March, 2017
(a) Deferred tax assets (108.23) (134.86)
(b) Deferred tax liabilities 280.31 273.41
Deferred tax liabilities (net) 172.08 138.55
2017-18
Particulars As at 1 Recognised Recognised in Recognised As at 31 March,
April, 2017 in the the Statement of in other 2018
Statement Profit and Loss comprehensive
of Profit (discontinued income
and Loss operation)
(continuing
operations)
Deferred tax assets/(liabilities) in relation to: -
Allowance for doubtful debts and advances (15.50) (1.07) (17.09) - (33.66)
Accrued expenses allowed in the year of payment and
on fairvalue of investments (116.04) 26.08 (4.64) 20.59 (74.01)
Depreciation and amortisation 273.41 6.60 (0.11) - 279.90
Property, plant and equipment (2.52) 1.67 1.26 - 0.41
Expenses allowed (0.80) 0.24 - - (0.56)
138.55 33.52 (20.58) 20.59 172.08
As at 31 March, 2018 Assets Liabilities Net
Deferred tax assets/(liabilities) in relation to:
Allowance for doubtful debts and advances (33.66) - (33.66)
Accrued expenses allowed in the year of payment (74.01) - (74.01)
Depreciation and amortisation - 279.90 279.90
Property, plant and equipment - 0.41 0.41
Expenses allowed (0.56) - (0.56)
(108.23) 280.31 172.08
2016-17
Particulars As at 1 Recognised Recognised in Recognised As at 31 March,
April, 2016 in the the Statement of in other 2017
Statement Profit and Loss comprehensive
of Profit (discontinued income
and Loss operation)
(continuing
operations)
Deferred tax assets/(liabilities) in relation to:
Allowance for doubtful debts and advances (16.56) 1.37 (0.31) - (15.50)
Accrued expenses allowed in the year of payment (87.07) (15.87) 4.12 (17.22) (116.04)
Depreciation and amortisation 269.35 (8.50) 12.56 - 273.41
Property, plant and equipment (9.38) 6.86 - - (2.52)
Expenses allowed - (0.80) - - (0.80)
156.34 (16.94) 16.37 (17.22) 138.55
As at 31 March, 2017 Assets Liabilities Net
Deferred tax assets/(liabilities) in relation to:
Allowance for doubtful debts and advances (15.50) - (15.50)
Accrued expenses allowed in the year of payment (116.04) - (116.04)
Depreciation and amortisation - 273.41 273.41
Property, plant and equipment (2.52) - (2.52)
Expenses allowed (0.80) - (0.80)
(134.86) 273.41 138.55

164 Annual Report 2017-18