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Shaping the future of software driven business
Consolidated Financials •
235
Notes forming part of consolidated financial statements (Contd.)
18. Other current assets
As at
March 31, 2019
In
`
Million
As at
March 31, 2018
In
`
Million
Advances to suppliers (Unsecured, considered good)
Advances recoverable in cash or kind or for value to be received
432.25
561.68
Other advances (Unsecured, considered good)
VAT receivable (net)
35.07
74.42
Service tax and GST receivable (net) (refer note 41)
920.47
927.31
955.54
1,001.73
1,387.79
1,563.41
19. Non-current financial liabilities: Borrowings (refer note 33)
As at
March 31, 2019
In
`
Million
As at
March 31, 2018
In
`
Million
Unsecured Borrowings carried at amortised cost
Term loans
Indian rupee loan from others
16.55
21.13
Interest accrued but not due on term loans
0.17
0.78
16.72
21.91
Less: Current maturity of long-term borrowings transferred to other current financial
liabilities (refer note 22)
(4.58)
(4.58)
Less: Current maturity of interest accrued but not due on term loan transferred to other
current financial liabilities (refer note 22)
(0.17)
(0.78)
(4.75)
(5.36)
11.97
16.55
The term loans from Government departments have the following terms and conditions:
Loan I - amounting to
`
5.46 million (Previous year:
`
8.19 million) with interest payable @ 2% per annum guaranteed by a bank
guarantee by the Company and repayable in ten equal semi annual installments over a period of five years commencing from
March 2016.
Loan II - amounting to
`
11.09 million (Previous year:
`
12.94 million) with Interest payable @ 3% per annum repayable in ten
equal annual installments over a period of ten years commencing from September 2015.
20. Non current liabilities : Provisions
As at
March 31, 2019
In
`
Million
As at
March 31, 2018
In
`
Million
Provision for employee benefits
- Gratuity (refer note 30)
94.34
16.38
- Long service awards
158.46
143.37
252.80
159.75