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Notes forming part of onancial statements (Contd.)
Annual Report 2016-17
•
263
17. Other current assets
As at
March 31, 2017
In
`
Million
As at
March 31, 2016
In
`
Million
As at
April 1, 2015
In
`
Million
Advances to suppliers (Unsecured, considered good)
Advances recoverable in cash or kind or for value to be received
345.28
259.11
78.85
Other advances (Unsecured, considered good)
VAT receivable (net)
53.67
52.50
47.68
Service tax receivable (net)
122.26
128.71
57.60
175.93
181.21
105.28
521.21
440.32
184.13
18. Non-current onancial liabilities : Borrowings (refer note 31)
As at
March 31, 2017
In
`
Million
As at
March 31, 2016
In
`
Million
As at
April 1, 2015
In
`
Million
Unsecured Borrowings carried at amortised cost
Term loans
Indian rupee loan from others
25.71
30.28
44.89
Interest accrued but not due on term loans
1.53
2.40
1.92
27.24
32.68
46.81
/ess: Current maturity of long-term borrowings transferred to other
current onancial liabilities (Refer note 21)
(4.58)
(4.58)
(20.17)
/ess: Current maturity of interest accrued but not due on term loan
transferred to other current onancial liabilities (Refer note 21)
(0.95)
(1.19)
(0.45)
(5.53)
(5.77)
(20.62)
21.71
26.91
26.19
The term loans from Government departments have the following terms and conditions:
/oan I - amounting to
`
10.92 million (March 31, 2016
`
13.64 million / April 1, 2015
`
15.06 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 ove years commencing from March 2016.
/oan II - amounting to
`
14.79 million (March 31, 2016
`
16.64 million / April 1, 2015
`
29.83 million) with Interest payable
@ 3% per annum repayable in ten equal annual installments over a period of ten years commencing from September 2015.
19. Non current liabilities : Provisions
As at
March 31, 2017
In
`
Million
As at
March 31, 2016
In
`
Million
As at
April 1, 2015
In
`
Million
Provision for employee beneots
-
/ong service awards
139.46
117.26
112.65
139.46
117.26
112.65