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17_Deferred_tax_liabilities_(net)_3

17 Deferred tax liabilities (net)

( In Crore)

As at 31 March

Particulars

2022

2021

Deferred tax liabilities

On account of timing difference in

Property, plant and equipment

116.03

125.36

Employee benefits:

Defined benefit plans provisions – P&L

15.65

22.17

Defined benefit plans provisions – OCI

0.41

0.33

Financial instruments:

Mutual funds including fixed maturity plans, ETFs

247.12

409.65

Fair valuation of derivative hedging contracts

20.27

50.08

Financial assets at FVTOCI

80.75

13.14

348.14

472.87

Gross deferred tax liabilities

480.23

620.73

Deferred tax assets

On account of timing difference in

Employee benefits:

Welfare scheme costs and others

0.47

0.67

Bonus provisions

1.72

1.72

Provision for privilege leave etc.

32.10

32.63

Defined benefit plans provisions – OCI

13.67

18.11

47.96

53.13

Financial instruments:

Fair valuation of derivative hedging contracts

19.53

Amortisation of discount on acquisition of fixed income securities

4.82

0.68

4.82

20.21

Other items:

Provision for bad/doubtful debts and advances

12.02

13.15

Taxes, duties, others etc.

12.10

12.10

24.12

25.25

Gross deferred tax assets

76.90

98.59

403.33

522.14

Movement in deferred tax liabilities (net):

( In Crore)

Particulars

Property, plant and equipment

Financial instruments

Employee benefits

Other
items

Total

At 31 March 2020

154.79

268.57

(55.73)

(21.25)

346.38

Charged/(credited)

– to profit and loss

(29.43)

48.75

20.99

(4.00)

36.31

– to other comprehensive income

135.34

4.11

139.45

At 31 March 2021

125.36

452.66

(30.63)

(25.25)

522.14

Charged/(credited)

– to profit and loss

(9.33)

(166.66)

(5.79)

1.13

(180.65)

– to other comprehensive income

57.32

4.52

61.84

At 31 March 2022

116.03

343.32

(31.90)

(24.12)

403.33