Page 135 - Annual Report 2019-20

Notes forming part of the financial statements Notes forming part of the financial statements 133

( in crores) ( in crores)
30 Revenue from operations 31 other Income
For the For the For the For the PIDILITE ANNUAL REPORT 2019-20
year ended year ended year ended year ended
31 March 31 March 31 March 31 March
st
st
st
st
2020 2019 2020 2019
Revenue From Operations* Interest on:
Sale of Products 6,290.43 6,047.40 Bank Deposit (at amortised cost) 2.48 2.02
TOTAL (A) 6,290.43 6,047.40 Overdue Trade Receivables 0.05 0.56
Other Operating Revenue Tax Free Bonds (at FVTPL) 3.26 2.03
Scrap Sales 11.37 12.93 Income Tax Refund - 11.26
Export Incentives 19.07 15.61 Others 0.14 0.44
Dividend on:
GST/ Excise Refund 3.40 8.60
Investments in Mutual Funds and Others (at FVTPL) 11.59 10.02
Others 8.32 9.34
Long-term Investments in Associate (at cost) 1.79 2.16
TOTAL (B) 42.16 46.48
Long-term Investments in Subsidiaries (at cost) - 14.74
Revenue from operations (A+B) 6,332.59 6,093.88
Other Non-Operating Income:
*The Company disaggregated revenues from contracts with customers by customer type and by geography. The Company
believes that this disaggregation best depicts how the nature, amount, timing and uncertainty of its revenues and cash flows Windmill Income 3.21 1.44
are affected by industry, market and other economic factors. For georgaphywise and customerwise breakup of revenue,
refer note 42. Profit on Sale/Transfer of Assets (refer note 44) 2.67 33.41
Further, the Company derives its revenue from the transfer of goods at a point in time for its major service lines. This is Allowance for Doubtful Debts written back 5.80 -
consistent with the revenue information that is disclosed for each reportable segment under Ind AS 108 ‘Operating Segment’.
Royalty & Technical Knowhow Income 4.17 3.51
Reconciliation of revenue recognised with the contracted price is as follows:
Insurance claim received 0.46 0.59
For the For the
year ended year ended Liabilities no longer required written back 0.81 16.21
st
st
31 March 31 March
2020 2019 Rental Income from Operating Leases 1.38 2.22
Contracted Price 6,893.41 6,569.37 net gain arising on financial assets designated as at FVTPL 109.52 87.64
Reduction towards variable consideration components (602.98) (521.97) Miscellaneous Income 4.53 3.26
Revenue Recognised 6,290.43 6,047.40 TOTAL 151.86 191.51

The reduction towards variable consideration includes discounts, rebates, incentives, promotional couponing and schemes.
32 Cost of Materials Consumed
For the For the
year ended year ended
31 March 31 March
st
st
2020 2019
Inventory at the beginning of the year 292.03 264.59
2,791.09
Add : Purchases 2,544.56 3,055.68
PIDILITE ANNUAL REPORT 2019-20 TOTAL 2,520.70 2,763.65
2,836.59
Less : Inventory at the end of the year
(315.89)
(292.03)

132