2 – Property, Plant and Equipment

 

OWNED ASSETS

₹ in Crores

 

Freehold Land

Leasehold Land

Building

Plant and Equipment

Furniture and Fixture

Vehicle

Office Equipment

Road

Total

Capital Work-in-Progress

Net Carrying Amount as at March 31, 2018

5.79

18.91

88.27

441.08

4.16

3.93

1.51

1.00

564.65

36.25

Additions during the year 2018-19

-

0.31

7.19

68.53

0.36

0.57

0.39

0.05

77.40

71.41

Deductions during the year 2018-19

-

-

(0.34)

(6.13)

-

(0.69)

(0.02)

-

(7.17)

(78.74)

Depreciation for the year 2018-19

-

(0.25)

(4.63)

(43.63)

(0.72)

(0.90)

(0.59)

(0.57)

(51.29)

-

Depreciation on disposal during the year 2018-19

-

-

0.02

1.13

-

0.32

0.01

-

1.48

-

Net Carrying Amount as at March 31, 2019

5.79

18.97

90.52

460.98

3.81

3.23

1.30

0.48

585.07

28.92

Additions during the year 2019-20

18.31

120.15

4.01

60.43

0.11

1.62

0.28

-

204.91

266.08

Deductions during the year 2019-20

-

-

(0.65)

(11.76)

(0.01)

(0.53)

(0.03)

-

(12.99)

(205.12)

Depreciation for the year 2019-20

-

(0.67)

(4.75)

(66.24)

(0.74)

(0.91)

(0.57)

(0.17)

(74.06)

-

Depreciation on disposal during the year 2019-20

-

-

0.21

3.00

0.01

0.27

0.02

-

3.51

-

Net Carrying Amount as at March 31, 2020

24.10

138.46

89.33

446.41

3.18

3.67

0.99

0.30

706.45

89.88

Notes

1. Property, Plant and Equipment hypothecated/mortgaged as security for borrowings are disclosed under note 17 and note 20.

2. Building includes ₹ 10.80 Crores (₹ 10.80 Crores at March 31, 2019) in respect of ownership of premises in a co-operative housing society by way of 10 Shares.

3. With effect from April 1, 2019, the Company has changed the useful life of certain Property, Plant & Equipment based upon the technical evaluation conducted by the management. Accordingly, change in useful life of the Property, Plant & Equipment is being applied prospectively in accordance with Ind AS 8 - Accounting Policies, Changes in Accounting Estimates and Errors.

4. Capitalised borrowing costs

Addition to Property, Plant & Equipment in previous year include borrowing costs (including exchange difference considered as adjustments to borrowings cost) amounting to ₹ 1.69 Crores

 

Capitalised during the Current Year

Capitalised during the Previous Year
 

Exchange loss/(Gain) Capitalised (Refer note below)

(a)

Plant & Machinery

-

1.59

(b)

Factory & Other Building

-

0.10

TOTAL

-

1.69

Note: Pursuant to the provisions contained in the Companies (Accounting Standards) Amendment Rules, 2009, and related notifications of Ministry of Corporate Affairs, the Company in 2018-19 has adjusted to Property, Plant & Equipment, foreign exchange differences amounting to ₹ 1.69 Crores on revaluation of long term foreign currency borrowing for acquisition of Property, Plant & Equipment as an adjustment to borrowing costs.

5. Capital work-in-progress mainly comprises addition/expansion projects in progress.

6. Research & Development Assets included in Property, Plant & Equipment

 

OWNED ASSETS

 ₹ in Crores

 

Building

Plant and Equipment

Furniture and Fixture

Vehicle

Office Equipment

Computer Software

Total

Net Carrying Amount as at March 31, 2018

0.57

6.32

1.27

0.17

0.13

0.17

8.64

Additions during the year 2018-19

-

1.88

-

-

0.01

0.04

1.93

Depreciation for the year 2018-19

(0.04)

(0.83)

(0.12)

(0.03)

(0.04)

(0.03)

(1.10)

Net Carrying Amount as at March 31, 2019

0.53

7.36

1.15

0.14

0.10

0.18

9.47

Additions during the year 2019-20

-

3.03

0.05

-

0.01

-

3.09

Deductions during the year 2019-20

-

(0.06)

-

(0.10)

-

-

(0.16)

Depreciation for the year 2019-20

(0.04)

(0.95)

(0.13)

(0.03)

(0.04)

(0.04)

(1.23)

Depreciation on disposal during the year 2019-20

-

0.04

-

0.05

-

-

0.09

Net Carrying Amount as at March 31, 2020

0.49

9.42

1.07

0.06

0.07

0.14

11.26