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AMINES & PLASTICIZERS LTD

NOTES FORMING PART OF THE FINANCIAL STATEMENTS
AS AT 31ST MARCH 2019

17 Non current Provisions ( ` in lakhs)
Particulars As at 31st As at 1st3
March, 201 9 March, 201 8
Leave Encashment (Non Funded) 41.46 37.23

Total 41.46 37.23

18 Income Tax
A) IncomeTaxExpenses
A reconciliation of the income tax provision to the amount computed by applying the statutory income tax rate
totheincomebeforeincometaxesisasbelow:

Particulars As at 31st As at 31st
March,201 9 March,201 8
Profit before tax 2,663.00 2,370.33
Indian statutory income tax rate 34.94% 34.61%
Expected income tax expense 930.45 820.37
Income exempt from tax/Items not deductible 22.58 21.96
Additional tax benefit for research and development expenditures (18.02) (20.13)

Tax expense as reported 935.01 822.20

B) Deferred Tax Assets / Liabilities (net)
Particulars As at 31st As at 1st3
March,201 9 March,201 8
Deferred Tax Liabilities : 721.39 655.45
Deferred Tax Assets : (37.07) (38.14)
Total Deferred Tax Liabilities (Net) 684.32 617.31

Movement in Deferred Tax Assets and Liabilities as at March 31,201 is as below :9
Particulars Balance as at Recognised/ Balance as at
April 1,201 8 (reversed) March 31, 201 9
statement of
profit and loss
Deferred tax liabilities :
Depericiation 653.41 66.18 719.59
Other 2.04 (0.24) 1.80
655.45 65.94 721.39
Deferred tax assets :
Expenses allowed in the year of payment 38.14 (1.07) 37.07
38.14 (1.07) 37.07
Net Deferred Tax Liabilities 617.31 67.01 684.32

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NOTES TO THE ACCOUNTS