Page 281 - BCML AR 2019-20

BALRAMPUR CHINI MILLS LIMITED

Notes forming part of the Consolidated Financial Statements

Note No. : 35 Tax expense

(H in Lacs)
Particulars Year ended Year ended
31st March, 2020 31st March, 2019
Current tax 9710.33 12847.57
Deferred tax [Refer Note No. 23] (4839.74) (10250.80)
4870.59 2596.77
Reconciliation of Tax Expense
Profit before tax 56806.03 60178.75
Applicable tax rate (using the Company’s tax rate) 34.944% 34.944%
Computed tax expense (A) 19850.30 21028.88
Adjustments for:
Expenses not allowed for tax purpose 270.16 138.15
Effect of tax deductions (5940.48) (7512.96)
Changes in recognized deductible temporary differences (7460.30) (247.50)
Effect of transition adjustment under MAT (24.53) (30.26)
Recognition of MAT credit (1671.60) (10700.87)
Share of profit in associates (152.96) (78.67)
Net adjustments (B) (14979.71) (18432.11)
Tax Expense C=(A+B) 4870.59 2596.77

Note No. : 36 Other comprehensive income
(H in Lacs)
Particulars Year ended Year ended
31st March, 2020 31st March, 2019
Items that will not be reclassified to profit or loss
Re-measurements of defined benefit plans (1170.37) (789.91)
Equity Instruments through Other Comprehensive Income 72.57 -
Share of Other Comprehensive Income in an associate, to the extent
not to be classified into profit or loss (0.96) (1098.76) (0.56) (790.47)
Less: Income tax relating to items that will not be reclassified to profit
or loss 409.20 276.16
(689.56) (514.31)

Annual Report 2019-20 | 279