Page 203 - Annual Report 2019-20

notes forming part of the consolidated financial statements Notes forming part of the consolidated financial statements 201

( in crores) ( in crores)
5 Right of Use Assets Goodwill Trade- Com- Copy- Technical Com- Non Intangible TOTAL
mark puter rights Knowhow mercial Compete assets
As at As at Software Fees Knowhow Fees under
31 March 31 March Fees develop- PIDILITE ANNUAL REPORT 2019-20
st
st
2020 2019 ment
Carrying Amounts Gross Carrying Amount
Leasehold Land 67.34 -
Balance as at 1 April 2018 177.42 251.52 50.37 4.72 74.13 59.95 6.51 - 624.62
st
Leasehold Buildings 79.25 -
Additions 8.58 0.02 7.29 - 1.33 0.02 - - 17.24
Plant and Machinery 0.41 -
Disposals/ Adjustments - - 0.10 - - - - - 0.10
TOTAL 147.00 -
Foreign Currency Translation (1.01) (0.67) (0.08) - (0.18) - (1.10) - (3.04)
Leasehold Leasehold Plant and TOTAL Balance as at 31 March 2019 184.99 250.87 57.68 4.72 75.28 59.97 5.41 - 638.92
st
Land Buildings Machinery
Gross Carrying Amount Additions - - 4.39 - - - - - 4.39
Disposals/ Adjustments - (0.24) 0.23 (0.24) (0.76) - (0.02) - (1.03)
st
Recognised on adoption of Ind AS 116 as at 1 April 2019 (refer Note 54) 66.25 82.36 0.55 149.16
Additions 3.53 24.79 - 28.32 Foreign Currency Translation (0.96) 0.91 (0.10) - 0.06 - 0.03 - (0.06)
st
Foreign Currency Translation 1.34 (0.50) - 0.84 Balance as at 31 March 2020 184.03 251.54 62.20 4.48 74.58 59.97 5.42 - 642.22
Balance as at 31 March 2020 71.12 106.65 0.55 178.32
st
Accumulated Amortisation
and Impairment
Accumulated Depreciation and Impairment
st
Recognised on adoption of Ind AS 116 as at 1 April 2019 (refer Note 54) - - - - Balance as at 1 April 2018 - (8.41) (36.23) - (24.43) (11.50) (4.45) - (85.02)
st
Depreciation expense (3.66) (27.63) (0.14) (31.43) Eliminated on disposal - - (0.01) - - - - - (0.01)
of assets
Foreign Currency Translation (0.12) 0.23 - 0.11
Amortisation expense - (0.01) (5.78) - (6.26) (8.45) (0.53) - (21.03)
Balance as at 31 March 2020 (3.78) (27.40) (0.14) (31.32)
st
Foreign Currency Translation - 0.21 0.05 - 0.05 - 1.12 - 1.43
Net Carrying Amount Balance as at 31 March 2019 - (8.21) (41.97) - (30.64) (19.95) (3.86) - (104.63)
st
Recognised on adoption of Ind AS 116 as at 1 April 2019 (refer Note 54) 66.25 82.36 0.55 149.16 Eliminated on disposal - - (0.12) - 0.68 - 0.02 - 0.58
st
Additions 3.53 24.79 - 28.32 of assets
Depreciation expense (3.66) (27.63) (0.14) (31.43) Amortisation expense - (2.45) (4.87) - (6.31) (5.99) (0.53) - (20.15)
Foreign Currency Translation 1.22 (0.27) - 0.95 Foreign Currency Translation - (0.29) - - 0.03 - - - (0.26)
Balance as at 31 March 2020 67.34 79.25 0.41 147.00 Balance as at 31 March 2020 - (10.95) (46.96) - (36.24) (25.94) (4.37) - (124.46)
st
st

6 Goodwill and Other Intangible Assets Net Carrying Amount
st
As at As at Balance as at 1 April 2018 177.42 243.11 14.14 4.72 49.70 48.45 2.06 - 539.60
31 March 31 March Additions 8.58 0.02 7.29 - 1.33 0.02 - - 17.24
st
st
2020 2019
Disposals/ Adjustments - - 0.10 - - - - - 0.10
Carrying Amounts
Amortisation expense - (0.01) (5.78) - (6.26) (8.45) (0.53) - (21.03)
Goodwill on Consolidation 81.78 81.10
Amortisation Eliminated on - - (0.01) - - - - - (0.01)
Goodwill (acquired separately) 102.25 103.89 disposal of assets
Total Goodwill (A) 184.03 184.99 Foreign Currency (1.01) (0.46) (0.03) - (0.13) - 0.02 - (1.61)
Translation
Other Intangible Assets
Balance as at 31 March 2019 184.99 242.66 15.71 (0.24) 44.64 40.02 (0.02) - 534.29
1.55
4.72
st
240.59
Trademark
242.66
PIDILITE ANNUAL REPORT 2019-20 Copyrights 38.34 44.64 Amortisation expense (0.96) (2.45) (4.87) - (6.31) (5.99) (0.53) - (20.15)
-
-
-
-
Additions
-
-
-
4.39
4.39
15.24
Computer Software
15.71
-
(0.76)
0.23
-
(0.24)
(1.03)
-
Disposals/ Adjustments
4.48
4.72
-
Technical Knowhow Fees
Amortisation Eliminated on
-
(0.12)
0.02
-
0.68
0.58
-
-
-
Commercial Knowhow Fees
34.03
40.02
disposal of assets
0.03
-
(0.32)
-
non Compete Fees
Foreign Currency
1.05
1.55
(0.10)
-
0.09
0.62
Translation
st
517.76
Total Intangible Assets (A+B)
534.29
The Group has estimated the useful life for some of its Copyrights & Trademark as indefinite on the basis of renewal of legal rights
200 Total Other Intangible Assets (B) 333.73 349.30 Balance as at 31 March 2020 184.03 240.59 15.24 4.48 38.34 34.03 1.05 - 517.76
and the management’s intention to keep it perpetually.