Company Overview Financial Statements Notice Statutory Reports 79 Rudolf Atul Chemicals Ltd | Annual Report 2023-24 ii) Finance lease a) Following are the changes in the carrying value of right to use assets (` lakhs) Particulars As at March 31, 2024 As at March 31, 2023 Balance at the beginning of the year 276.42 290.97 Depreciation I Amortisation 14.55 14.55 Balance at the end of the year 261.87 276.42 b) Following movement in lease liability (` lakhs) Particulars As at March 31, 2024 As at March 31, 2023 Balance at the beginning of the year 122.08 114.77 Finance cost occurred 6.50 7.31 Payment of lease liability (20.00) - Balance at the end of the year 108.58 122.08 c) The following table provides details regarding the contractual maturity of lease liabilities on an undiscounted basis (` lakhs) Particulars As at March 31, 2024 As at March 31, 2023 Less than one year - 20.00 One to five years 40.00 40.00 More than five years 140.00 140.00 Total 180.00 200.00 The Company does not face a significant liquidity risk with regards to its lease liabilities as the current assets are sufficient to meet the obligations related to lease liabilities as and when they fall due. Rent paid to the lessor for a short-term lease period is recognised into the Statement of Profit and Loss as Rent in Note 25 ‘Other expenses’. Cash payments for the principal portion and interest on the lease liabilities are classified within financing activities and short-term lease payments within operating activities.
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