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183
ii) Others
Effluent disposal
The Group has provided for expenses it estimates to be incurred for safe disposal of waste in line with the regulatory
framework it operates in. The provision represents the unpaid amount the entity expects to incur for which the
obligating event has already arisen as on the reporting date.
Wealth tax
The Group has provided for payments expected pertaining to wealth tax in line with the provisions of the erstwhile
Wealth Tax Act, 1957. The application of the act was discontinued from April 01, 2016.
b) Movement of provision for effluent disposal
(
`
cr)
Particulars
As at
March 31, 2017
As at
March 31, 2016
As at
April 01, 2015
Balance as at the beginning of the year
1.65
1.29
0.90
Less: Utilised
(1.65)
(1.29)
(0.90)
Provision made during the year
1.54
1.65
1.29
1.54
1.65
1.29
(
`
cr)
Note 20 Other liabilities
As at
March 31, 2017
As at
March 31, 2016
As at
April 01, 2015
Current
Non-
current
Current
Non-
current
Current
Non-
current
a) Deferred income on account of Government
grant received
–
9.67
–
11.05
–
12.46
b) Employee benefits payable
21.71
–
36.70
–
32.79
–
c) Statutory dues
12.37
–
14.59
–
17.95
–
d) Advances received from customers
5.53
–
9.42
–
10.26
–
39.61
9.67
60.71
11.05
61.00
12.46
(
`
cr)
Note 21 Trade payables
As at
March 31, 2017
As at
March 31, 2016
As at
April 01, 2015
a) Trade payables
337.49
315.12
278.21
337.49
315.12
278.21
(
`
cr)
Note 22 Revenue from operations
2016-17
2015-16
Sale of products (including excise duty)
2,932.91
2,698.01
Sale of services
7.10
4.71
Other operating revenues:
Export incentives
44.90
38.08
Scrap sales
7.92
5.61
Processing charges
3.22
8.60
2,996.05
2,755.01
Notes
to the Consolidated Financial Statements