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89
Annual Report 2011-12
88 Kajaria Ceramics Limited
Notes on Consolidated Accounts
As at 31st March 2012
Notes on Accounts
For the year ended 31st March 2012
(
`
in million)
31.03.2012
31.03.2011
(Unsecured Considered good unless otherwise stated)
a) Debts outstanding for a period exceeding six months
- Considered Good
17.83
51.82
- Considered Doubtful
35.52
30.20
Less: Provision for Doubtful Debts
2.00
1.20
33.52
29.00
51.35
80.82
b) Other Debts
- Considered Good
1,390.86
861.62
- Considered Doubtful
–
0.01
1,390.86
861.63
1,442.21
942.45
NOTE
17
TRADE RECEIVABLES
Cash& Cash Equivalents
Balance with Banks
- in current and deposit accounts
53.98
29.82
Cash on hand
8.11
4.32
62.09
34.14
Other Bank Balances
Bank deposits with more than three months maturity*
9.48
3.58
71.57
37.72
Balances with banks in unpaid dividend accounts
4.65
3.17
Deposit accounts with more than 12 months maturity
9.48
3.58
Balances with banks held as margin money deposits against guarantees
3.78
3.78
NOTE
18
CASH AND BANK BALANCES
(Unsecured Considered good unless otherwise stated)
Advances
- To Others
15.72
–
15.72
–
NOTE
19
SHORT TERM LOANS AND ADVANCES
(Unsecured Considered good unless otherwise stated)
Advances
For supply of goods and rendering of services
309.35
231.56
Balance With Excise Authorities
74.66
92.99
Exports Benefit Accrued
1.65
4.47
Prepaid Expenses
10.66
9.88
Income Tax Advances
1.41
1.82
397.73
340.72
NOTE
20
OTHER CURRENT ASSETS
(
`
in million)
31.03.2012
31.03.2011
Sale of Products
Tiles
14,057.25
10,039.09
Power
14.87
12.24
14,072.12
10,051.33
Other operating revenue
Sale of Scrap
14.97
9.33
14,087.09
10,060.66
NOTE
21
REVENUE FROM OPERATIONS
Raw Material & Packing Material Consumed
Body Material
1,365.69
531.90
Glaze, Frits and Chemicals
1,217.15
724.90
Packing Material
522.96
317.04
3,105.80
1,573.84
NOTE
23
COST OF MATERIAL CONSUMED
Miscellaneous Income
3.26
1.47
Rent Received
2.40
–
Sundry Balances Written Off
4.10
(0.60)
Interest Recovered
4.86
2.36
Profit on sale of Investments
0.12
–
14.74
3.23
NOTE
22
OTHER INCOME
Salaries and wages
982.42
686.98
Contribution to provident and other funds
67.86
55.51
Staff welfare expenses
21.57
18.35
1,071.85
760.83
NOTE
25
EMPLOYEE BENEFITS EXPENSE
Interest on:
Term loans
211.49
163.92
Others
172.25
150.00
Other Borrowing costs:
Processing Fees
22.26
19.05
Net gain/loss in foreign currency transactions & translations
79.11
(32.45)
485.11
300.52
NOTE
26
FINANCE COSTS
Stock as on 1st April 2011
Work-in-process
70.99
62.70
Finished Goods
420.33
620.43
Stock in Trade
587.31
438.11
'A'
1,078.63
1,121.24
Stock as on 31st March 2012
Work-in-process
94.64
70.99
Finished Goods
728.59
420.33
Stock in Trade
473.41
587.31
`B'
1,296.64
1,078.63
B-A
218.01
(42.60)
NOTE
24
CHANGES IN INVENTORIES