PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

157 Annual Report 2020-21 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS 3 Property, plant and equipment Description Gross carrying amount Accumulated Depreciation Net carrying amount As at April 01, 2020 (Restated) Addition during the year Disposal during the year As at March 31, 2021 As at April 01, 2020 (Restated) Depreciation for the year Disposal during the year As at March 31, 2021 As at March 31, 2021 At cost : Building 13,964.57 1,959.84 – 15,924.41 1,338.95 469.26 – 1,808.21 14,116.20 Leasehold Improvement 547.20 – – 547.20 462.02 39.72 – 501.74 45.46 Plant and equipment 62,568.00 3,986.49 – 66,554.49 23,232.06 5,491.52 – 28,723.58 37,830.91 Electrical installation 3,529.22 154.60 – 3,683.82 1,328.66 311.62 – 1,640.28 2,043.54 Furniture and fittings 174.21 14.63 – 188.84 53.75 8.72 – 62.47 126.37 Office equipment 392.20 14.09 – 406.29 125.03 31.67 – 156.70 249.59 Computers 679.14 289.39 1.73 966.80 308.04 98.69 0.57 406.16 560.64 Lab equipment 1,114.93 73.63 – 1,188.56 515.32 84.26 – 599.58 588.98 Vehicles 404.29 192.09 – 596.38 95.18 48.56 – 143.74 452.64 83,373.76 6,684.76 1.73 90,056.79 27,459.01 6,584.02 0.57 34,042.46 56,014.33 Capital work-in-progress 3,026.99 21,302.47 6,884.51 17,444.95 – – – – 17,444.95 86,400.75 27,987.23 6,886.24 1,07,501.74 27,459.01 6,584.02 0.57 34,042.46 73,459.28 a) The net block of Property, plant and equipment, amounting to Rs. 56,014.33 lakhs (March 31, 2020 Rs. 55,914.75 lakhs) are pledged as first charge security to term lending banks and second charge to working capital banks. b) The Plant and machinery, Building and electrical installation includes an amount of Rs. 53.21 lakhs, Rs. 21.58 lakhs and Rs. 2.54 lakhs respectively (March 31, 2020 : Rs. 343.25 lakhs, Rs. 130.65 lakhs and Rs. 9.98 lakhs) that represent borrowing cost capitalized @ 6.75% during the year. (March 31, 2020 : 8.6%). c) The Group has not recognised any impairment loss during the current year (March 31, 2020 - Nil). Description Gross carrying amount Accumulated Depreciation Net carrying amount As at April 01, 2019 (Restated) Addition during the year Disposal during the year As at March 31, 2020 (Restated) As at April 01, 2019 (Restated) Depreciation for the year Disposal during the year As at March 31, 2020 (Restated) As at March 31, 2020 (Restated) At cost : Building 8,873.24 5,091.33 – 13,964.57 993.91 345.04 – 1,338.95 12,625.62 Leasehold Improvement 547.20 – – 547.20 422.20 39.82 – 462.02 85.18 Plant and equipment 43,685.23 18,882.77 – 62,568.00 18,866.24 4,365.82 – 23,232.06 39,335.94 Electrical installation 2,726.30 802.92 – 3,529.22 1,053.95 274.71 – 1,328.66 2,200.56 Furniture and fixtures 168.13 6.08 – 174.21 44.19 9.56 – 53.75 120.46 Office equipment 157.11 235.09 – 392.20 111.99 13.04 – 125.03 267.17 Computers 448.78 230.36 – 679.14 246.35 61.69 – 308.04 371.10 Lab equipment 786.13 328.80 – 1,114.93 456.46 58.86 – 515.32 599.61 Vehicles 387.97 28.58 12.26 404.29 71.89 35.55 12.26 95.18 309.11 57,780.09 25,605.93 12.26 83,373.76 22,267.18 5,204.09 12.26 27,459.01 55,914.75 Capital work-in-progress 9,377.81 20,019.17 26,369.99 3,026.99 – – – – 3,026.99 67,157.90 45,625.10 26,382.25 86,400.75 22,267.18 5,204.09 12.26 27,459.01 58,941.74 a) T he net carrying amount of Property, plant and equipment, amounting to Rs. 55,914.75 lakhs (March 31, 2019 Rs. 37,373.58 lakhs) are pledged as first charge security to term lending banks and second charge to working capital banks. b) T he Plant and machinery, Building and electrical installation includes an amount of Rs. 343.25 lakhs, Rs. 130.65 lakhs and Rs. 9.98 lakhs respectively (March 31, 2019 : Rs. 156.54 lakhs, Rs. 8.74 lakhs and Rs. 10.48 lakhs) that represent borrowing cost capitalized @ 8.6% during the year. (March 31, 2019 : 8.6%). c) The Group has not recognised any impairment loss during the current year (March 31, 2019 - Nil). NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended March 31, 2021 (Currency: Indian Rupees in lakhs)