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Annual Report 2016-17
Current Liabilities
(In
`
Million)
Particulars
As at
March 31, 2017
As at
March 31, 2016
Financial liabilities
- Trade payable (including deferred payment liabilities)
1,210.22
1,603.66
- Other onancial liabilities
452.72
534.63
Other current liabilities
1,118.75
1,107.53
Provisions
1,391.07
1,223.63
Total
4,172.76
4,469.45
Trade Payables
Total trade payables including deferred payment liabilities decreased from
`
1,603.66 Million as at March 31, 2016 to
`
1,210.22 Million as at March 31, 2017. The reduction in trade payables is mainly due to payment made to an overseas
vendor which was outstanding as on March 31, 2016.
Other current onancial liabilities
Other current onancial liabilities include capital creditors, current maturity of borrowings including interest thereon,
accrued employee liabilities, unpaid dividend and other contractual liabilities. Other current onancial liabilities have
reduced to
`
452.72 Million as at March 31, 2017 from
`
534.63 Million as at March 31, 2016. The net reduction in the
liabilities is mainly on account of repayment of creditors during the year in respect of one of the arrangement made by
the Company.
The components of other current onancial liabilities are shown below:
(In
`
Million)
Particulars
As at
March 31, 2017
As at
March 31, 2016
Capital creditors
71.75
228.90
Current maturity of long-term borrowings
4.58
4.58
Current maturity of interest on long-term borrowings
0.95
1.19
Accrued employee liabilities
372.74
243.71
Unpaid dividend
1.20
1.21
Other liabilities
1.50
-
Payable to selling shareholders
-
55.04
Total
452.72
534.63
Other current liabilities
Other current liabilities include unearned revenue, advance from customers and statutory and other liabilities.
Unearned revenue represents the billing in respect of contracts for which the revenue is not recognized. The other
current liabilities have marginally increased from
`
1,107.53 Million as at March 31, 2016 to
`
1,118.75 Million as at
March 31, 2017. The net increase in other current liabilities is primarily due to increase in statutory liabilities. The
decrease in unearned revenue represents decrease in invoicing in respect of annual maintenance and other contracts,
the revenue recognition for which is deferred as per the period of the contracts. Please refer Note 23 of the consolidated
onancials for details.
Current liabilities: Provisions
The short term provisions denote the employee liabilities and other provisions due for payment within a period
of twelve months from the date of the Balance Sheet. The short term provisions were
`
1,391.07 Million as at