Page 219 - Annual Report 2019-20

Notes forming part of the consolidated financial statements Notes forming part of the consolidated financial statements 217

( in crores) ( in crores)
28 Other Financial Liabilities - Current 31 Other Current Liabilities
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
unclaimed Dividend 3.25 1.85 Statutory remittances 79.40 57.10
BTA payable (refer note 45 a) 3.12 0.46 Advance from customers 41.10 27.69
Contingent consideration payable - 7.81
Other liabilities 1.84 4.76
Payable on purchase of assets 7.39 9.60
TOTAL 122.34 89.55
Trade/ Security Deposit received 123.93 109.96
Liabilities for expenses 392.84 320.01
32 Current Tax Liabilities (net)
Gross obligation towards acquisition (refer note 45 b) 81.23 -
As at As at
Derivative liabilities towards foreign exchange forward contracts 0.42 1.27 31 March 31 March
st
st
2020 2019
Current portion of non-current borrowings (refer note 24) 7.10 1.69
Retention money payable 17.14 11.41 Provision for Tax (net of Advance Tax) 8.67 10.97
Employees related liabilities 32.32 33.16 TOTAL 8.67 10.97
TOTAL 668.74 497.22
33 Revenue from Operations
29 provisions - Non-Current For the For the
year ended year ended
As at As at 31 March 31 March
st
st
31 March 31 March 2020 2019
st
st
2020 2019
Revenue from Operations*
Provision for Employee Benefits
Sale of Products 6,985.44 6,713.40
Gratuity (net) (refer note 51) 4.21 3.70
Sale of Services 268.72 320.62
Compensated Absences 38.97 32.71 TOTAL (A) 7,254.16 7,034.02
Anniversary Awards 0.82 1.03 Other Operating Revenue
Premature Death Pension Scheme 1.55 1.34 Scrap Sales 12.18 13.65
Total Disability Pension Scheme 0.32 0.27 Export Incentives 19.11 15.67
Other Retirement Benefits 5.29 3.91 GST Refund 3.40 8.60
Others (refer note 55) 0.79 0.97 Others 5.62 6.02
TOTAL (B) 40.31 43.94
TOTAL 51.95 43.93
TOTAL (A+B) 7,294.47 7,077.96
* The Group disaggregated revenues from contracts with customers by customer type and by geography. The Group believes
30 provisions - Current that this disaggregation best depicts how the nature, amount, timing and uncertainty of its revenues and cash flows are affected
As at As at by industry, market and other economic factors. For geographywise and customerwise breakup of revenue, refer note 48.
st
31 March 31 March
st
2020 2019 Further, the Group derives its revenue from the transfer of goods at a point in time for its major service lines. This is consistent
with the revenue information that is disclosed for each reportable segment under Ind AS 108 ‘Operating Segment’.
Provision for Employee Benefits
2.50
Gratuity (net) (refer note 51) 12.26 12.27 Reconciliation of revenue recognised with the contracted price is as follows: year ended year ended
4.79
PIDILITE ANNUAL REPORT 2019-20 Provision for warranty expenses (refer note 55) 0.05 0.04 Contracted Price (687.09) 7,034.02
For the
For the
Compensated Absences
31 March
st
31 March
st
Anniversary Awards
0.16
0.18
2020
2019
Premature Death Pension Scheme
0.01
0.01
7,635.97
7,941.25
Total Disability Pension Scheme
Reduction towards variable consideration components
(601.95)
1.85
1.23
Other Retirement Benefits
7,254.16
Revenue Recognised
4.76
1.27
The reduction towards variable consideration includes discounts, rebates, incentives, promotional couponing and schemes.
216 TOTAL 21.59 19.79