Amal Ltd | Annual Report 2022-23 (` lakhs) Note 26.3 (E) Outstanding balances As at March 31, 2023 As at March 31, 2022 1. Preference shares - 172.37 Atul Ltd - 172.37 2. Loan 500.00 - Rudolf Atul Chemicals Ltd 500.00 - 3. Receivables 42.25 113.13 Atul Ltd 42.25 113.13 4. Payables 80.22 48.03 Atul Ltd 80.22 48.03 Note 26.3 (F) Terms and conditions 1. Sales to and purchases from related parties were made on normal commercial terms and conditions and at prevailing market prices or where market price is not available, at cost plus margin. 2. Transactions relating to dividends were on the same terms and conditions that applied to other shareholders. 3. All outstanding balances are unsecured and are repayable in cash and cash equivalents. Note 26.4 Current and deferred tax The major components of income tax expense for the years ended March 31, 2023 and March 31, 2022, are: a) Income tax expense recognised in the Consolidated Statement of Profit and Loss (` lakhs) Particulars 2022-23 2021-22 i) Current tax Current tax on profit for the year 51.96 93.99 Adjustments for current tax of prior periods 8.88 (1.50) Total current tax expense 60.84 92.49 ii) Deferred tax (Decrease) | Increase in deferred tax liabilities (18.59) (34.97) Decrease | (Increase) in deferred tax assets (0.45) (6.32) Adjustments for deferred tax of prior periods due to change in statutory tax rate - (0.17) Total deferred tax expense | (benefit ) (19.04) (41.46) Income tax expense 41.80 51.03 Note 26.3 Related party disclosures (continued)
RkJQdWJsaXNoZXIy MjA2MDI2