PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

169 Annual Report 2020-21 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS 17 Income tax (continued) Particulars As at April 01, 2019 (Restated) Credit/(charge) in the Statement of Profit and Loss Credit/(charge) in Other Comprehensive Income Adjustments due to transition impact of Ind AS 116 As at 31 March, 2020 (Restated) Deferred tax (assets)/liabilities Difference between WDV as per books and income tax 2,325.26 (149.81) – – 2,175.45 Deferred asset on ROU impact – (13.69) – (6.95) (20.64) Provision for doubtful debts and advances (7.46) (34.62) – – (42.08) Expenses allowable for tax purposes when paid (392.84) 50.54 (23.34) – (365.64) Forex loss unrealised Impact (Derivative instrument) (182.06) (219.99) – – (402.05) Unrealised profit on stock (81.62) 89.80 – – 8.18 Others (9.77) – – – (9.77) 1,651.51 (277.77) (23.34) (6.95) 1,343.45 In respect of deferred taxes, all items are attributable to origination and reversal of temporary differences. Deferred tax benefits are generally recognized for all deductible temporary differences to the extent it is probable that taxable profits will be available against which, those deductible temporary differences can be realized. 18 Trade payables Particulars As at March 31, 2021 As at March 31, 2020 (Restated) a) Total outstanding dues of micro and small enterprises – – b) Total outstanding dues of creditors other than micro and small enterprises i) Payable to Related parties: (refer note 31) 435.66 2.25 ii) Payable to Others 16,303.75 14,970.15 16,739.41 14,972.40 The Group’s exposure to credit and currency and liquidity risk related to trade payables are disclosed in note 34 Information as per the requirement of Section 22 of The Micro, Small and Medium Enterprises Development Act, 2006 Particulars a) (i) The principal amount remaining unpaid to any supplier at the end of accounting year included in trade payables – – (ii) The interest due on above – – The total of (i) & (ii) – – b) The amount of interest paid by the buyer in terms of Section 16 of the Act – – c) The amount of the payment made to the supplier beyond the appointed day during the accounting year – – d) The amounts of interest accrued and remaining unpaid at the end of financial year – – e) The amount of interest due and payable for the period of delay in making payment (which have been paid but beyond the due date during the year) but without adding the interest specified under this Act. – – f) the amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues above are actually paid to the small enterprise, for the purpose of disallowance of a deductible expenditure under Section 23 of the Micro, Small and Medium Enterprises Development Act, 2006. – – The above information has been determined to the extent such parties have been identified on the basis of information available with the Group and the same has been relied upon by the auditors. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended March 31, 2021 (Currency: Indian Rupees in lakhs)