Page 297 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
REPORT
REPORTS
STATEMENTS
Consolidated

Footnotes:
(i) Inventories includes goods in transit.
(ii) The cost of inventories recognised as an expense includes ` 35.76 crore (2021: ` 19.89 crore) in respect of write-down of inventories
to net realisable value and has been reduced by ` 4.19 crore (2021: ` 2.48 crore) in respect of reversal of such write-down. Reversal
of previous write-downs have been largely as a result of increased selling prices of certain products.
(iii) Inventories have been offered as security against the working capital facilities provided by the bank (note 49(b)).

14. Trade receivables
` in crore
As at As at
Particulars
March 31, 2022 March 31, 2021
Current
(a) Secured, considered good 123.41 73.21
(b) Unsecured, considered good 1,809.94 1,323.78
(c) Unsecured, credit impaired 87.75 90.99
Less: Impairment loss allowance (87.75) (90.99)
1,933.35 1,396.99
Footnotes:
(i) The Group has appropriate levels of control procedures for new customers which ensures the potential customer’s credit quality.
Credit limits attributed to customers are reviewed periodically by the Management.

(ii) Movement in credit impaired ` in crore
Year ended Year ended
Particulars
March 31, 2022 March 31, 2021
Balance at the beginning of the year 90.99 87.36
Provision during the year 2.23 5.77
Reversal during the year (5.50) (2.12)
Exchange fluctuation 0.03 (0.02)
Balance at the end of the year 87.75 90.99
(iii) Trade receivables have been offered as security against working capital facilities provided by the bank.
(iv) Ageing Schedule
As on March 31, 2022 ` in crore
Outstanding for following
period from due date of payment
Particulars Less 6 1-2 2-3 More Total
Not Due than 6 months years years than 3
months - 1 year years
(i) Undisputed Trade Receivables - Considered good 1,663.54 258.34 2.12 4.53 2.27 2.55 1,933.35
(ii) Undisputed Trade Receivables - which have
significant increase in credit risk - - - - - - -
(iii) Undisputed Trade Receivables - Credit Impaired - - - - - - -
(iv) Disputed Trade Receivables - Considered Good - - - - - - -
(v) Disputed Trade Receivables - which have
significant increase in credit risk - - - - - - -
(vi) Disputed Trade Receivables - Credit Impaired - - - - - - -
Total 1,663.54 258.34 2.12 4.53 2.27 2.55 1,933.35

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