Page 160 - Tata_Chemicals_yearly-reports-2017-18

11. Inventories

` in crore
Particulars As at As at
31 March, 2018 31 March, 2017
(a) Raw materials 239.27 321.77
(b) Work-in-progress 28.94 23.78
(c) Finished goods 77.10 72.28
(d) Stock in trade 40.66 107.25
(e) Stores, spare parts and packing materials 64.69 86.45
450.66 611.53
Footnotes:
(i) Inventories include goods in transit:
- Raw materials 55.82 77.97
- Stock in trade 7.09 5.23
- Stores and spare parts and packing materials 1.75 0.40
(ii) The cost of inventories recognised as an expense in the form of raw material consumption, change in inventory, stores consumption,
trading purchases, packing materials consumption and power and fuel consumption during the year in respect of the continuing
operations was ` 1,490.85 crore (2017: ` 1,632.66 crore)
(iii) The cost of inventories recognised as an expense includes ` 7.67 crore (2017: ` 35.47 crore) in respect of write-down of inventories to net
realisable value, and has been reduced by ` 4.17 crore (2017: ` 2.55 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.
(iv) Inventories have been offered as security against the working capital facilities provided by the bank.
12. Trade receivables

` in crore
Particulars As at As at
31 March, 2018 31 March, 2017
Current
(a) Secured, considered good 37.75 39.91
(b) Unsecured, considered good 102.61 991.78
(c) Unsecured, considered doubtful 14.87 42.60
Less: Allowance for doubtful trade receivables (14.87) (42.60)
140.36 1,031.69
Footnotes:
(i) Trade receivables include ` Nil (2017: ` 870.98 crore) on account of subsidy receivable from the Government. Subsidy receivable that
relates to Phosphatic Fertiliser business and Trading business are reflected in note 31.
(ii) Before accepting any new customer, the Company has appropriate levels of control procedures which ensure the potential customer’s
credit quality; credit limits scoring attributed to customers are reviewed periodically by Management.
(iii) Movement in allowance for doubtful trade receivables.

` in crore
Particulars Year ended Year ended
31 March, 2018 31 March, 2017
Balance at the beginning of the year 42.60 45.94
Allowance for doubtful debts pertaining to discontinued operations (31.33) (0.05)
Provision during the year 6.55 71.33
Reversal during the year (2.95) (74.62)
Balance at the end of the year 14.87 42.60
(iv) Trade receivables have been offered as security against the working capital facilities provided by the bank.

158 Annual Report 2017-18