183 / 220
181
Notes
to the Consolidated Financial Statements
Note 19 Provisions
(continued)
b) Movement of provision for effluent disposal
(
`
cr)
Particulars
As at
March 31, 2018
As at
March 31, 2017
Balance as at the beginning of the year
1.54
1.65
Less: Utilised
(1.54)
(1.65)
Provision made during the year
1.50
1.54
Balance as at end of the year
1.50
1.54
(
`
cr)
Note 20 Other liabilities
As at
March 31, 2018
As at
March 31, 2017
Current
Non-
current
Current
Non-
current
a) Deferred income on account of Government grant received
–
8.30
–
9.67
b) Statutory dues
6.12
–
12.37
–
c) Advances received from customers
11.03
–
5.53
–
17.15
8.30
17.90
9.67
(
`
cr)
Note 21 Trade payables
As at
March 31, 2018
As at
March 31, 2017
Trade payables
459.02
337.49
459.02
337.49
(
`
cr)
Note 22 Revenue from operations
2017-18
2016-17
Sale of products
1
3,272.34
2,932.91
Sale of services
10.01
7.10
Other operating revenue:
Export incentives
43.16
44.90
Scrap sales
6.58
7.92
Processing charges
5.83
3.22
3,337.92
2,996.05
1
Revenue from operations up to June 30, 2017 includes excise duty of
`
42.15 cr and
`
162.11 cr for the year 2016-17, which is discontinued
effective July 01, 2017 upon implementation of Goods and Services Tax (GST) in India. In accordance with Ind AS 18, ‘Revenue’, GST is not
included in revenue from operations. In view of the aforesaid restructuring of indirect taxes, revenue from operations for the year ended on
March 31, 2018 is not comparable with the previous year.