Rudolf Atul Chemicals Ltd | Annual Report 2017-18 As at March 31, 2016 (Charged) | Credited - to profit or loss As at March 31, 2017 (Charged) | Credited - to profit or loss As at March 31, 2018 Particulars Movement in deferred tax liabilities | assets Property, plant and equipment Expense disallowed u/s 40(a) Finance lease Compensated absences Total Particulars As at March 31, 2018 As at March 31, 2017 Property, plant and equipment 13.12 4.48 Total deferred tax liabilities 13.12 4.48 Expenses disallowed under Section 40(a) of the Income 1.16 1.08 Tax Act, 1961 Finance lease transaction 4.63 4.80 Compensated absences 4.90 4.44 Total deferred tax assets 10.69 10.32 Net deferred tax (assets) | liabilities 2.43 (5.84) g) Deferred tax liabilities (net) The balance comprises temporary differences attributable to the below items and corresponding movement in deferred tax liabilities | (assets): Note 24.5 Employee benefit obligations The Company operates a gratuity plan through the 'Rudolf Atul Chemicals Ltd Employees Gratuity Trust'. Every employee is entitled to a benefit equivalent to 15 days salary last drawn for each completed year of service in line with the Payment of Gratuity Act, 1972 or the Company scheme, whichever is more beneficial. The same is payable at the time of separation from the Company or retirement, whichever is earlier. The benefits vest after 5 years of continuous service. (` lakhs) (` lakhs) Funded schemes a) Defined benefit plans: Gratuity (7.90) (1.34) (3.84) 12.37 0.27 (0.96) 4.48 (1.08) (4.80) 8.65 (0.08) 0.17 13.12 (1.16) (4.63) - (13.07) (4.44) 7.23 (4.44) (5.84) (0.45) 8.28 (4.90) 2.43
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