Amal Ltd 2020-21

Amal Ltd | Annual Report 2020-21 Note 25.10 Leases a) As a lessee The company has taken land on cancellable lease at Atul from Atul Ltd for 97 years from February 03, 1996 on an annual lease rent of ` 8,000. Following are the changes in carrying value of right-of-use assets (land) ( ` lakhs) Particulars 2020-21 2019-20 Opening 0.85 - Additions - 0.86 Depreciation | Amortisation (0.01) (0.01) Closing 0.84 0.85 Following are the movements in lease liability ( ` lakhs) Particulars 2020-21 2019-20 Opening 0.87 - Additions - 0.87 Finance cost accrued 0.08 0.08 Payment of lease liability (0.08) (0.08) Closing 0.87 0.87 The table below provides details regarding the contractual maturities of lease liability as at March 31, 2021 on an undiscounted basis: ( ` lakhs) Particulars As at March 31, 2021 Not later than 1 year 0.08 Later than 1 year and not later than 5 years 0.32 Later than 5 years 5.44 Total minimum lease payments payable 5.84 Note 25.11 Loans During the year, the Company has not entered into any transaction in nature of loans and advances which falls within the purview of Regulation 34(3) read with para A of Schedule V to the SEBI (listing obligations and disclosure requirements) Regulations, 2015 read with Section 186 (4) of the Companies Act, 2013.