Page 259 - BCML AR 2019-20

BALRAMPUR CHINI MILLS LIMITED

Notes forming part of the Consolidated Financial Statements

Note No. : 5 Intangible assets

(H in Lacs)
Particulars Intangible assets
Computer Software
(Acquired)
Gross block
Gross carrying amount as at 1st April, 2019 540.68
Additions during the year 15.42
Gross carrying amount as at 31st March, 2020 556.10

Amortisation
Accumulated amortisation as at 1st April, 2019 386.92
Amortisation for the year 80.25

Accumulated amortisation as at 31st March, 2020 467.17
Net carrying amount as at 31st March, 2020 88.93
Gross block

Gross carrying amount as at 1st April, 2018 490.59
Additions during the year 50.09
Gross carrying amount as at 31st March, 2019 540.68
Amortisation
Accumulated amortisation as at 1st April, 2018 286.35
Amortisation for the year 100.57
Accumulated amortisation as at 31st March, 2019 386.92

Net carrying amount as at 31st March, 2019 153.76

Note:
The Company has availed loans from banks and other entities against security of the aforesaid assets (Refer Note No. 19 for charge created/
security terms for the said loans).

Annual Report 2019-20 | 257