Atul Ltd 2019-20

123 Standalone | Notes to the Financial Statements ( ` cr) Note 9 Inventories* As at March 31, 2020 As at March 31, 2019 a) Raw materials and packing materials 104.91 104.67 Add: Goods-in-transit 28.76 19.12 133.67 123.79 b) Work-in-progress 125.45 110.62 c) Finished goods 134.54 146.94 d) Stock-in-trade 0.65 1.72 e) Stores, spares and fuel 29.08 40.35 f) Add: Goods-in-transit 4.07 4.39 33.15 44.74 427.46 427.81 *Valued at cost or net realisable value, whichever is lower. Inventories are valued considering provision for allowance for obsolescence, inventory carrying risk and delay in usage caused by the slow production pace due to lower off-take in the present situation. In addition to the historical pattern of inventory provision, the Company has considered the likelihood of reduction in sales price, customer orders on hand and margins, including subsequent cancellations, if any, nature and aging of inventories to reflect current and estimated future economic conditions also taking into account the possible effects due to COVID-19. This assessment is also considering the product demand, expected price trend and sales plan in respective industries. Amounts recognised in the Standalone Statement of Profit and Loss of ` 13.59 cr (March 31, 2019: ` 12.26 cr). ( ` cr) Note 10 Trade receivables As at March 31, 2020 As at March 31, 2019 a) Considered good - unsecured i) Related parties (refer Note 28.4) 158.20 164.61 ii) Others 568.44 601.80 b) Which have significant increase in credit risk 2.36 3.38 Less: Allowance for doubtful debts (refer Note 28.8) (10.07) (7.61) 718.93 762.18 Trade receivables are valued considering provision for allowance using expected credit loss method. In addition to the historical pattern of credit losses, the Company has considered the likelihood of increased credit risks, subsequent recoveries, insurance and consequential default considering emerging situations due to COVID-19. This assessment is considering the nature of industries, impact immediately seen in the demand outlook of these industries and the financial strength of the customers in respect of whom amounts are receivable. Allowance for doubtful debts recognised in the Standalone Statement of Profit and Loss of ` 6.22 cr (March 31, 2019: ` 6.88 cr). ( ` cr) Note 11 Cash and cash equivalents As at March 31, 2020 As at March 31, 2019 a) Balances with banks In current accounts 5.31 15.28 b) Cash on hand 0.12 0.11 5.43 15.39 There are no repatriation restrictions with regard to cash and cash equivalents. ( ` cr) Note 12 Bank balances other than cash and cash equivalents above As at March 31, 2020 As at March 31, 2019 a) Unclaimed dividend 3.26 2.14 b) Unclaimed interest on public deposit 0.01 0.01 c) Short-term bank deposit with maturity between 3 to 12 months 0.09 11.08 3.36 13.23