Page 211 - Annual Report 2019-20

Notes forming part of the consolidated financial statements Notes forming part of the consolidated financial statements 209

( in crores) ( in crores)
16 Bank Balances other than Cash and Cash Equivalents above 19 Current Tax Assets (net)
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
Balance with banks Advance Payment of Taxes (net of provisions) 1.93 2.62
In Escrow Account 0.14 0.04 TOTAL 1.93 2.62
Other Bank Balance
In Fixed Deposit Accounts with original maturity of more than 12 months (refer note a) - 0.29 20 Other Non-Current Assets
In Fixed Deposit Accounts with original maturity of more than 3 months but upto 7.62 60.13 As at As at
12 months (refer note a) 31 March 31 March
st
st
Earmarked Account 2020 2019
Dividend Payment Bank Account 3.26 1.85 Unsecured, Considered good
TOTAL 11.02 62.31 Capital Advances 47.50 19.93
Prepaid Expenses 0.27 41.53
a. Includes Fixed Deposit under lien 0.99 2.57
Balance with Government Authorities* 25.01 27.43
17 Inventories (at lower of cost and net realisable value) TOTAL 72.78 88.89
* Includes amounts paid under protest against Sales Tax claims disputed by the Company (shown under contingent liabilities), Excise
As at As at Duty rebates, GST receivable, etc.
31 March 31 March
st
st
2020 2019
Raw Material and Packing Material 420.44 404.72 21 Other Current Assets
Work-in-Progress 78.75 84.02 As at As at
st
st
31 March 31 March
Finished Goods 312.62 321.24 2020 2019
Stock-in-Trade (acquired for trading) 111.30 118.63 Export Benefits receivable
Stores and Spares 6.36 5.84 unsecured, Considered good 11.14 11.63
TOTAL 929.47 934.45 Considered doubtful - 0.20
Included above Goods-in-Transit 11.14 11.83
Raw Material and Packing Material 41.79 43.99 Less: Allowance for doubtful balances - (0.20)
Work-in-Progress 1.87 1.80 11.14 11.63
Finished Goods 41.15 43.90 Balance with Government Authorities*
Stock-in-Trade (acquired for trading) 8.69 6.28 unsecured, Considered good 126.88 111.77
TOTAL 93.50 95.97 Considered doubtful 0.08 0.07
a. The cost of inventories recognised as an expense during the year in respect of continuing operations was 3,402.50 126.96 111.84
crores ( 3,586.58 crores for the year ended 31 March 2019). Less: Allowance for doubtful balances (0.08) (0.07)
st
b. The cost of inventories recognised as an expense includes 0.37 crores in respect of write-downs of inventory to net
realisable value ( 0.27 crores for the year ended 31 March 2019). 126.88 111.77
st
c. The mode of valuation of inventories has been stated in note 2.14 Advances to Vendors
unsecured, Considered good 45.16 26.86
PIDILITE ANNUAL REPORT 2019-20 Advance Payment of Taxes (net of provisions) 31 March 31 March Less: Allowance for doubtful balances 197.51 163.36
18 Income Tax Assets (net) - Non-Current
Considered doubtful
0.10
0.01
As at
As at
45.17
26.96
st
st
(0.01)
(0.10)
2020
2019
109.53
102.06
26.86
45.16
TOTAL
13.10
102.06
Prepaid Expenses
109.53
14.33
TOTAL
208 * Includes input tax credit, VAT, Service Tax/ GST receivable,etc.