Page 238 - Tata_Chemicals_yearly-reports-2017-18

(c) Book value of assets and liabilities of discontinued operations:
` in crore
Phosphatic Urea and
Fertilisers customised
business and fertilisers
Trading business business
Particulars As at As at
31 March, 2018 31 March, 2017
Property, plant and equipment and intangible assets (Including CWIP) 75.05 529.10
Non-current financial assets - 0.80
Other non-current assets 29.27 10.12
Inventories 149.80 126.68
Trade receivables (including subsidy of ` 802.10 crore (2017 : ` 813.43 crore)) (footnote 'ii') 808.23 834.42
Cash and cash equivalents 1.04 0.08
Current financial assets 0.04 0.17
Other current assets 22.26 31.09
Total Assets (A) 1,085.69 1,532.46
Non-current financial liabilities - provisions 1.54 6.88
Borrowings (footnote - 'i' and 'ii') 310.08 370.70
Trade payables 112.26 89.06
Other financial liabilities 18.57 26.54
Other current liabilities 8.32 6.39
Current liabilities - provisions 99.18 11.70
Total Liabilities (B) 549.95 511.27
Net assets (A - B) 535.74 1,021.19
Footnotes:
(i) (a) The Department of Fertilizers, Government of India, has notified ‘Special Banking Arrangement’ scheme to address the
concern of delay in subsidy disbursement. This arrangement has been made by the Government with the State Bank of India
Consortium (SBI Consortium). Loans under this scheme are secured by hypothecation of subsidy receivables.
Fixed interest rate of 7.80 % per annum out of which 6.84% per annum shall be borne by the Government and repaid in
April 2018. The remaining 0.96% per annum shall be borne by the Group and will be recovered upfront for 60 days from the
Group at the time of disbursement of the facility. Balance as at 31 March, 2018 : ` 307.95 crore (2017 : ` 370.70 crore).
(b) Cash credit (Secured) of ` 2.13 crore (2017: ` *)
* value below ` 50,000
(ii) Subsidy receivables and borrowings related to Phosphatic fertilisers and Trading business along with the related revenue and
expenses are disclosed as discontinued operations. These receivables and borrowings will not be transferred on disposal of business.

(d) Gain on disposal of urea and customised fertilisers business
` in crore
Particulars Year ended
31 March, 2018
Cash consideration received (net of cost to sell) 2,593.98
Net assets transferred (footnote 'i') 1,314.59
Gain on disposal 1,279.39
Footnote:
(i) Information of assets and liabilities transferred to Yara India
Particulars As at
31 March, 2018
Property, plant and equipment and intangible assets (Including CWIP) 545.09
Other non-current assets 2.45
Inventories 27.50
Trade receivables 786.64
Other current assets 99.85
Total Assets (A) 1,461.53
Other non-current liabilities 129.73
Other current liabilities 17.21
Total Liabilities (B) 146.94
Net assets (A - B) 1,314.59

236 Annual Report 2017-18