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annual
report
20
16-17
kajaria
ceramics
corporate
overview
management
reports
Financial
statements
46. Balance confirmation
Balances of certain debtors, creditors, loans and advances are subject to confirmation.
47 Corporate Social Responsibility
As per Section 135 of the Companies Act, 2013, Schedule VII and Companies (Corporate Social Responsibility Policy) Rules, 2014,
the holding company was required to spend
`
5.19 crores (31 March 2016:
`
3.82 crores) for Corporate Social Responsibility
activities. The company has incurred CSR expenditure of
`
3.37 crores during the current financial year (31 March 2016:
`
3.59
crores) on the projects/activities for the benefit of the public in general and in the neighborhood of the manufacturing facilities
of the company.
44. Derivative instruments and unhedged foreign currency exposure
The Company has no outstanding derivative instrument at the year end. The amount of foreign currency exposure that are
not hedged by derivative instruments or otherwise are as under -
(
`
in crores)
31 March 2017 31 March 2017
31 March 2016 31 March 2016 1 April 2015 1 April 2015
Foreign
Currency
Amount
(
`
Crores)
Foreign
Currency
Amount
(
`
Crores)
Foreign
Currency
Amount
(
`
Crores)
Foreign trade payables
USD in crores
0.13
8.22
0.21
14.07
0.83
52.71
EURO in crores
0.32
22.58
0.27
20.14
0.08
5.23
Foreign advances
USD in crores
0.04
2.60
0.01
0.66
0.01
0.64
EURO in crores
0.04
2.42
0.04
2.31
0.02
1.60
Foreign trade receivables
USD in crores
0.05
3.49
0.11
6.97
0.05
3.08
EURO in crores
-
-
-
-
0.00
0.21
45
Disclosure of Movement in Provisions during the year as per Ind AS- 37,
‘Provisions, Contingent Liabilities and Contingent Assets’ :
(
`
in crores)
Particulars
Balance as on
1 April 2016
Provided
during the
year
Paid/Adjusted
During the
year
Balance as on
31 March
2017
Non-current provisions
Gratuity
9.57
3.84
3.10
10.31
Total
9.57
3.84
3.10
10.31
Current provisions
Gratuity
0.67
0.67
0.67
0.67
Accumulated leaves
8.18
3.65
2.25
9.58
Income Tax
12.70
126.41
128.91
10.20
Total
21.55
130.73
131.83
20.45
Grand total
31.12
134.57
134.93
30.76
Notes on the consolidated financial statements
for the year ended 31 March 2017