120 / 236
118
Notes on the standalone financial statements
for the year ended 31 March 2017
(
`
in crores)
Non Current
Current
31 March 2017
31 March 2016 1 April 2015
31 March 2017
31 March 2016 1 April 2015
Capital advances
Unsecured, considered
good
2.18
3.29
7.48
-
-
-
Other loans and advances
(Unsecured, considered
good)
Advance to suppliers
-
-
-
10.94
15.47
11.80
Prepaid expenses
-
-
-
3.69
2.25
1.31
Export benefit receivables
-
-
-
0.16
0.12
0.71
Income tax advances
0.13
0.40
0.03
-
-
-
Balance with statutory
authorities
CENVAT Credit Receivable
-
-
-
9.46
14.98
6.21
VAT Credit receivable
-
-
-
3.79
2.40
3.67
Service tax credit
receivable
-
-
-
5.35
4.96
2.86
Total
2.31
3.69
7.51
33.39
40.18
26.56
7. Other non-financial assets
(
`
in crores)
31 March 2017
31 March 2016 1 April 2015
Raw Materials
34.95
31.89
27.57
Work-in-progress
7.18
7.24
4.00
Finished Goods
143.70
129.14
126.26
Stock in trade
17.04
18.70
16.07
Stores and spares
31.79
33.02
28.03
Total
234.66
219.99
201.93
Note:
For mode of valuation refer Accounting policy number 2.2 (g)
8. Inventories
(
`
in crores)
31 March 2017
31 March 2016 1 April 2015
Considered good
303.66
250.79
198.09
Considered doubtful
3.53
2.36
2.19
Less: Provision for doubtful receivables
(1.29)
(0.95)
(0.39)
Total
305.90
252.20
199.89
Note:
No trade or other receivable are due from directors or other officers of the company either severally or jointly with any other person.
Nor any trade or other receivable are due from firms or private companies in which any director is a partner, director or a member.
Trade receivables are non interest bearing and are generally on credit terms of 30 days.
9. Trade receivables (unsecured)