GSK_ Annual_Report_2021-22

129 Notes to the Standalone Financial Statements for the year ended March 31, 2022 Note 3 : Property, Plant and Equipment ( ` in lakhs) Gross Carrying Value Accumulated Depreciation Net Carrying Value As at April 1, 2021 Additions Disposals As at March 31, 2022 As at April 1, 2021 Charge for the Year On Disposals Impairment (Refer Note 3(b) below) As at March 31, 2022 As at March 31, 2022 Freehold land 2.00 - - 2.00 - - - - - 2.00 Leasehold land 2,22.93 - 0.05 2,22.88 50.04 - - - 50.04 1,72.84 Freehold buildings 26,05.30 67.52 38.31 26,34.51 3,17.25 60.09 3.33 - 3,74.01 22,60.50 Leasehold buildings 76,14.95 1,58.63 - 77,73.58 15,36.92 3,07.25 - - 18,44.17 59,29.41 Plant and equipment (Refer Note 3(a) below) 316,53.27 10,45.01 6,82.76 320,15.52 139,18.23 30,98.42 4,14.59 1,44.02 167,46.08 152,69.44 Furniture and fixtures 43,52.45 30.31 18.78 43,63.98 12,26.82 4,21.99 13.22 - 16,35.59 27,28.39 Vehicles 14,88.32 3,10.57 4,80.50 13,18.39 7,34.31 2,52.02 3,60.90 - 6,25.43 6,92.96 Office equipment 16,55.08 26.09 9.50 16,71.67 7,17.52 2,81.39 8.73 - 9,90.18 6,81.49 Total 495,94.30 16,38.13 12,29.90 500,02.53 185,01.09 44,21.16 8,00.77 1,44.02 222,65.50 277,37.03 ( ` in lakhs) Gross Carrying Value Accumulated Depreciation Net Carrying Value As at April 1, 2020 Additions Disposals Restatement as per IND AS 103 (Refer Note 3(c) below) Assets held for sale (Refer Note 3(b) below) As at March 31, 2021 As at April 1, 2020 Charge for the Year On Disposals Impairment (Refer Note 3(b) below) Restatement as per IND AS 103 (Refer Note 3(c) below) On Assets held for sale (Refer Note 3(b) below) As at March 31, 2021 As at March 31, 2021 Freehold land 2.00 - - - - 2.00 - - - - - - - 2.00 Leasehold land 55,99.13 - - 1,78.70 55,54.90 2,22.93 21,98.55 17.82 - - 50.04 22,16.37 50.04 1,72.89 Freehold buildings 26,05.30 - - - - 26,05.30 2,49.53 67.72 - - - - 3,17.25 22,88.05 Leasehold buildings 415,19.49 1,54.39 - - 340,58.93 76,14.95 196,92.59 5,15.18 - - - 186,70.85 15,36.92 60,78.03 Plant and equipment (Refer Note 3(a) below) 749,84.71 21,90.29 5,73.98 - 449,47.75 316,53.27 384,61.50 38,01.89 5,68.10 54,45.00 - 332,22.06 139,18.23 177,35.04 Furniture and fixtures 46,98.04 20,98.51 9.97 - 24,34.13 43,52.45 32,09.00 4,59.88 7.93 - - 24,34.13 12,26.82 31,25.63 Vehicles 14,21.66 4,06.29 3,03.18 - 36.45 14,88.32 7,47.11 2,48.92 2,50.81 - - 10.91 7,34.31 7,54.01 Office equipment 10,24.72 7,61.14 4.90 - 1,25.88 16,55.08 5,33.82 3,14.23 4.65 - - 1,25.88 7,17.52 9,37.56 Total 1318,55.05 56,10.62 8,92.03 1,78.70 871,58.04 495,94.30 650,92.10 54,25.64 8,31.49 54,45.00 50.04 566,80.20 185,01.09 310,93.21 Notes: Note 3 (a): Plant and equipment includes computers. Note 3 (b): Impairment charge for the year ended March 31, 2022 is on account of additional impairment taken for old Eltroxin facility at Nashik Following the decision to initiate a global voluntary recall (pharmacy/retail level) of ranitidine products including Zinetac in India by the Ultimate Holding Company, the Company had undertakten comprehensive strategic review of the impact of this recall on all related assets in India including its manufacturing site at Vemgal. After considering all the strategic options available, during the previous year ended March 31, 2021 the Company decided to proceed with the sale of the assets at Vemgal site and classifed these assets as held for sale after considering additional impairment of ` 54,45.00 lakhs.