Page 119 - Annual Report 2019-20

Notes forming part of the financial statements Notes forming part of the financial statements 117

( in crores) ( in crores)
5 Right of Use Assets (refer Note 51) 6 Goodwill and other Intangible Assets
As at As at As at As at
st
st
31 March 31 March 31 March 31 March PIDILITE ANNUAL REPORT 2019-20
st
st
2020 2019 2020 2019
Carrying Amounts
Carrying Amounts
Goodwill 86.11 86.11
Leasehold Land 39.65 - Total Goodwill (A) 86.11 86.11
Leasehold Buildings 69.50 - Other Intangible Assets
TOTAL 109.15 - Trademark 157.67 157.91
Computer Software 12.84 12.90
Copyrights 4.48 4.72
Leasehold Leasehold ToTAL Technical Knowhow Fees 17.63 20.55
Land Buildings
non Compete Fees 0.37 0.85
Gross Carrying Amount
Total Other Intangible Assets (B) 192.99 196.93
Recognised on adoption of Ind AS 116 as at 1 April 2019 (refer Note 51) 41.03 69.85 110.88 Total Intangible Assets (A)+(B) 279.10 283.04
st
Additions - 22.46 22.46 Goodwill Trademark Computer Copyrights Technical Non ToTAL
Software Knowhow Compete
Disposals/ Adjustments - - -
Fees Fees
Balance as at 31 March 2020 41.03 92.31 133.34 Gross Carrying Amount
st
st
Balance as at 1 April 2018 86.11 157.91 46.39 4.72 39.84 4.56 339.53
Additions - - 6.64 - 1.28 - 7.92
Accumulated Depreciation and Impairment
Disposals/ Adjustments - - 0.07 - - - 0.07
Recognised on adoption of Ind AS 116 as at 1 April 2019 (refer Note 51) - - - Balance as at 31 March 2019 86.11 157.91 53.10 4.72 41.12 4.56 347.52
st
st
Depreciation expense (1.38) (22.81) (24.19) Additions - - 4.19 - - - 4.19
Disposals/ Adjustments - (0.24) - (0.24) (0.76) (0.02) (1.26)
Balance as at 31 March 2020 (1.38) (22.81) (24.19)
st
Balance as at 31 March 2020 86.11 157.67 57.29 4.48 40.36 4.54 350.45
st
Accumulated Amortisation and Impairment
Net Carrying Amount
Balance as at 1 April 2018 - - (35.11) - (17.74) (3.23) (56.08)
st
Recognised on adoption of Ind AS 116 as at 1st April 2019 (refer Note 51) 41.03 69.85 110.88
Amortisation expense - - (5.11) - (2.83) (0.48) (8.42)
Additions - 22.46 22.46 Eliminated on disposal of assets - - 0.02 - - - 0.02
st
Disposals/ Adjustments - - - Balance as at 31 March 2019 - - (40.20) - (20.57) (3.71) (64.48)
Amortisation expense - - (4.20) - (2.84) (0.48) (7.52)
Depreciation expense (1.38) (22.81) (24.19)
Eliminated on disposal of assets - - (0.05) - 0.68 0.02 0.65
Balance as at 31 March 2020 39.65 69.50 109.15 Balance as at 31 March 2020 - - (44.45) - (22.73) (4.17) (71.35)
st
st
Net Carrying Amount
Balance as at 1 April 2018 86.11 157.91 11.28 4.72 22.10 1.33 283.45
st
Additions - - 6.64 - 1.28 - 7.92
Disposals/ Adjustments - - 0.07 - - - 0.07
-
(2.83)
-
(8.42)
Amortisation expense 86.11 157.91 12.90 4.72 20.55 (0.48) 283.04
(5.11)
-
-
-
PIDILITE ANNUAL REPORT 2019-20 Additions - (0.24) (4.20) (0.24) (2.84) (0.02) (7.52)
-
0.02
-
-
0.02
Amortisation Eliminated on
disposal of assets
0.85
Balance as at 31 March 2019
st
4.19
-
-
-
4.19
-
-
Disposals/ Adjustments
-
(0.76)
(1.26)
-
-
(0.48)
-
Amortisation expense
0.65
0.02
-
-
Amortisation Eliminated on
0.68
-
(0.05)
disposal of assets
86.11
Balance as at 31 March 2020
157.67
st
The Company has estimated the useful life for its copyrights and trademark as indefinite on the basis of renewal of legal
rights and the management’s intention to keep it perpetually 12.84 4.48 17.63 0.37 279.10
116