Atul Ltd 2013-14

85 ( ` cr) NOTE 13 LONG-TERM LOANS AND ADVANCES As at March 31, 2014 As at March 31, 2013 (a) Loans and advances to related parties: * (i) Secured, considered good 11.29 11.29 (ii) Unsecured, considered good 9.32 9.32 (b) Others: (i) Capital advances 5.64 6.91 (ii) Security deposits 2.81 4.06 29.06 31.58 * An amount of ` 11.29 cr has been advanced to an associate Company as a secured loan. The said Company is registered with BIFR and is implementing its revival plan. First charge over all their assets has been assigned exclusively in favour of the Company. This loan is repayable in three installments during 2017-18 to 2019-20. The Company has also given an unsecured loan of ` 3.59 cr (Previous year: ` 3.59 cr) as Promoter’s contribution (repayment will be made as per mutually decided terms and conditions between both the companies subject to prior approval of BIFR). Considering the progress of the revival plan and the present market value of assets, these amounts included under loans and advances are considered as good and recoverable. ( ` cr) NOTE 14 OTHER NON-CURRENT ASSETS As at March 31, 2014 As at March 31, 2013 (a) Balance with bank in fixed deposits, with maturity beyond 12 months 0.02 0.05 (b) Balance with Government departments: Tax paid under protest 20.52 10.51 Tax paid in advance, net of provisions 3.95 8.11 VAT receivable 30.13 20.32 Security deposit (see Note 11 (d)) 2.00 2.00 (c) Mark-to-Market gains on derivatives 7.69 2.64 64.31 43.63 ( ` cr) NOTE 15 INVENTORIES * As at March 31, 2014 As at March 31, 2013 (a) Raw materials and packing materials 87.52 89.81 Add: Goods-in-transit 24.58 20.26 112.10 110.07 (b) Work-in-progress 102.70 73.66 (c) Finished goods 126.19 88.74 Add: Goods-in-transit 5.76 3.75 131.95 92.49 (d) Stock-in-trade 3.01 2.75 (e) Stores, spares and fuel 21.83 28.56 Add: Goods-in-transit 4.16 – 25.99 28.56 375.75 307.53 * Goods-in-transit at cost to date and others at cost or net realisable value whichever is lower. Notes to the Financial Statements