Amal Ltd 2016-17

69 Notes to the Financial Statements ( ` 000) Note 2 Property, Plant and Equipment Freehold land Leasehold land Buildings@ Plant and equipment@ Furniture and fixtures Vehicles Office equipment Total Capital work- in-progress Gross carrying amount* Deemed cost as at April 01, 2015 553 2,885 3,421 52,594 136 1 94 59,684 - Additions - - 1,819 90 - - - 1,909 3,866 Disposals and adjustments - - - - - - - - - As at March 31. 2016 553 2,885 5,240 52,684 136 1 94 61,593 3,866 Additions - - - 8,270 - - - 8,270 (3,251) Disposals and adjustments - - - 527 - - - 527 - As at 31 March 2017 553 2,885 5,240 60,427 136 1 94 69,336 615 Depreciation and Impairment Upto March 31, 2015 - - - - - - - - - For the year - 46 417 3,155 16 - 26 3,660 Disposals and adjustments - - - - - - - - - Impairment - - - - - - - - - Upto March 31, 2016 - 46 417 3,155 16 - 26 3,660 - For the year 46 156 3,484 16 - 27 3,729 - Disposals and adjustments - - - 50 - - - 50 - Impairment Upto March 31, 2017 - 92 573 6,589 32 - 53 7,339 - Net carrying amount At March 31, 2017 553 2,793 4,667 53,838 104 1 41 61,997 615 At March 31, 2016 553 2,839 4,823 49,529 120 1 68 57,933 3,866 1* The Company has availed the deemed cost exemption under Para D7AA of IND AS 101 in relation to the property, plant and equipment on the date of transition that is April 01, 2015 and hence the net carrying value as per Indian GAAP of block as on April 01, 2015 has been considered as deemed cost on that date. Refer note below for the carrying value of gross block and the accumulated depreciation as on April 01, 2015 under Indian GAAP (IGAAP) ( ` 000) Freehold land Leasehold land Buildings Plant and equipment Furniture and fixtures Vehicles Office equipment Total Capital work- in-progress Gross carrying amount as at April 01, 2015 553 4,297 70,378 2,82,957 923 36 1,393 3,60,537 - Depreciation | Amortisation | Impairement upto March 31, 2015 - 1,412 66,957 2,30,363 787 35 1,299 3,00,853 - Net carrying amount as at April 01, 2015 553 2,885 3,421 52,594 136 1 94 59,684 - @ Includes assets retired from active use 2. Capital work-in-progress ( ` 000) Particulars Year Opening Addition Capitalisation Closing Capital work-in-progress movement 2016-17 3,866 615 3,866 615 Capital work-in-progress movement 2015-16 - 3,866 - 3,866 3. Leasehold land The lease term in respect of leasehold land is 97 years. The lease term in respect of land acquired under finance lease is up to 97 years with ability to opt for renewal of the lease term on fulfillment of certain conditions. 4. All Property, plant and equipments are pledged as security (refer note 9)