PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

159 Annual Report 2020-21 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS iii) Maturity analysis of lease liabilities– contractual undiscounted cash flows: Particulars As at March 31, 2021 As at March 31, 2020 (Restated) Less than one year 250.98 145.12 One to five years 468.00 743.32 More than five years – – Total undiscounted lease liabilities 718.98 888.44 Discounted Lease liabilities included in the statement of financial position 587.70 699.06 Current lease liability 156.45 79.63 Non-Current lease liability 431.25 619.43 iv) The Weighted average incremental borrowing rate of 9.40% p.a. for borrowings has been applied for measuring the lease liability at the date of initial application. v) The total cash outflow for leases for year ended March 31, 2021 Rs. 254.73 lakhs (March 31, 2020 is Rs. 220.25 lakhs.) vi) Income from sub leasing of Right to use assets is Rs. NIL. 4 b Intangible assets Description Gross carrying amount Accumulated Amortisation 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) Amortisation for the year Disposal during the year As at March 31, 2021 As at March 31, 2021 Computer software 480.69 0.98 – 481.67 438.12 9.98 – 448.10 33.57 Rights of sale of products 1,057.15 183.27 – 1,240.42 505.56 174.15 – 679.71 560.71 Development rights 331.44 35.44 – 366.88 224.36 23.82 – 248.18 118.70 Total intangible assets 1,869.28 219.69 – 2,088.97 1,168.04 207.95 – 1,375.99 712.98 Intangible assets under development 84.36 29.86 36.42 77.80 63.89 – – 63.89 13.91 1,953.64 249.55 36.42 2,166.77 1,231.93 207.95 – 1,439.88 726.89 Description Gross carrying amount Accumulated Amortisation 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) Amortisation for the year Disposal during the year As at March 31, 2020 (Restated) As at March 31, 2020 (Restated) Computer software 476.42 4.27 – 480.69 427.95 10.17 – 438.12 42.57 Rights of sale of products 1,021.70 35.45 – 1,057.15 343.41 162.15 – 505.56 551.59 Development rights 331.44 – – 331.44 201.47 22.89 – 224.36 107.08 Total intangible assets 1,829.56 39.72 – 1,869.28 972.83 195.21 – 1,168.04 701.24 Intangible assets under development 76.66 7.70 – 84.36 63.89 – – 63.89 20.47 1,906.22 47.42 – 1,953.64 1,036.72 195.21 – 1,231.93 721.71 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended March 31, 2021 (Currency: Indian Rupees in lakhs)