Page 126 - Annual Report 2019-20

Notes forming part of the financial statements Notes forming part of the financial statements 125

( in crores) ( in crores)
14 Cash and Cash Equivalents 17 Income Tax Asset (net) - Non-Current
As at As at As at As at
31 March 31 March 31 March 31 March PIDILITE ANNUAL REPORT 2019-20
st
st
st
st
2020 2019 2020 2019
Cash and Cash Equivalents Advance Payment of Taxes (net of provisions 1,881.72 crores) 105.80 98.53
st
Cash on hand 0.08 0.13 (net of provisions 1,471.78 crores as at 31 March 2019)
Cheques on hand 0.85 27.81 TOTAL 105.80 98.53
Balance with banks
18 other Non-Current Assets
In Current Account 52.12 12.55
In EEFC Account 11.12 19.75 As at As at
31 March 31 March
st
st
In Fixed Deposit Accounts with original maturity of 3 months or less 500.00 - 2020 2019
TOTAL 564.17 60.24 unsecured, Considered good
Cash and Cash Equivalents (as per Statement of Cash Flows) 564.17 60.24 Capital Advances 45.39 19.41
Prepaid Expenses 0.24 40.29
15 Bank Balances other than Cash and Cash Equivalents above Balance with Government Authorities* 18.94 22.75
As at As at TOTAL 64.57 82.45
st
31 March 31 March
st
2020 2019 * Includes amounts paid under protest against Sales Tax claims disputed by the Company (shown under contingent liabilities),
Excise Duty rebates, GST receivable, etc.
Other Bank Balance
In Fixed Deposit Accounts with original maturity of more than 12 months (refer note a) - 0.06 19 other Current Assets
In Fixed Deposit Accounts with original maturity of more than 3 months but upto 1.42 55.03 As at As at
12 months (refer note a) 31 March 31 March
st
st
Earmarked Account 2020 2019
Dividend Payment Bank Account 3.25 1.85 Export Benefits receivable
TOTAL 4.67 56.94 unsecured, Considered good 11.05 11.58
a. Includes Fixed Deposit under lien 0.99 2.55 Considered doubtful - 0.20
11.05 11.78
16 Inventories (at lower of cost and net realisable value) Less: Allowance for doubtful balances - (0.20)
As at As at 11.05 11.58
31 March 31 March
st
st
2020 2019 Balances with Government Authorities*
Raw Material and Packing Material 315.89 292.03 unsecured, Considered good 96.51 84.92
Work-in-Progress 71.51 78.20 Considered doubtful 0.08 0.07
Finished Goods 269.00 287.50 96.59 84.99
Stock-in-Trade (acquired for trading) 67.91 70.70 Less: Allowance for doubtful balances (0.08) (0.07)
Stores and Spares 6.18 5.87 96.51 84.92
TOTAL 730.49 734.30 Advances to vendors
Goods-in-Transit included above unsecured, Considered good 37.13 22.89
Raw Material and Packing Material 32.94 30.21 Considered doubtful 0.01 0.01
37.14
1.80
Work-in-Progress 22.06 39.41 Less: Allowance for doubtful balances (0.01) 22.90
1.58
(0.01)
PIDILITE ANNUAL REPORT 2019-20 TOTAL st st 65.76 79.82 Prepaid Expenses (0.39) 0.25
Finished Goods
22.89
37.13
9.18
8.40
Stock-in-Trade (acquired for trading)
8.02
7.23
18.99
Others**
a.
The cost of inventories recognised as an expense during the year in respect of continuing operations was 2,936.39
crores ( 3,064.22 crores for the year ended 31 March 2019)
-
Less : Impairment in Share Application Money - Pidilite Chemical PLC (refer note 38)
The cost of inventories recognised as an expense includes 0.37 crores in respect of write-downs of inventory to net
b.
0.25
18.60
realisable value ( 0.27 crores for the year ended 31 March 2019)
TOTAL
c.
The mode of valuation of inventories has been stated in note 2.12.
* Includes input tax credit, VAT/ GST receivable, etc.
** Mainly consists of Share Application Money 171.31 126.87
124