annual-report-FY2020

260 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 16. Borrowings a) Long Term Borrowings i) Non Current borrowings Rupees crores Particulars 2020 2019 Unsecured (Carried at Amortised Cost) : Debentures.................................................................................................................................................. 973.96 973.84 Term loan from banks................................................................................................................................ 413.48 387.28 Lease liabilities............................................................................................................................................ 68.80 — Other loans................................................................................................................................................. 575.79 670.66 Total Unsecured Borrowings ..................................................................................................................... 2,032.03 2,031.78 (a) Debentures: Rupees crores 2020 2019 – 9.55% p.a. Senior Redeemable Non-Convertible Debentures maturing in July 2063............ 500.00 500.00 – 7.57% p.a. Redeemable Non-Convertible Debentures maturing in September 2026............ 475.00 475.00 Less : Unamortised finance cost...................................................................................................... 1.04 1.16 973.96 973.84 (b) Term loan from banks comprise of EURO External Commercial Borrowings carrying an average margin of 95 basis points over three month EURO LIBOR and are repayable after five years and one day from the date of respective availment of loan. (c) Lease liabilities comprises of liabilities on account of long term leases pursuant to adoption of Ind AS 116 - Leases [Refer note 38]. (d) Other loans comprise deferred sales tax loans which are interest free and repayable in five equal installments after ten years from the year of availment of respective loan. ii) Current maturities of long term borrowings Rupees crores Particulars 2020 2019 Debentures.................................................................................................................................................. 0.01 0.01 Lease Liabilities........................................................................................................................................... 41.04 — Other Loans................................................................................................................................................ 94.87 91.01 Total ............................................................................................................................................................. 135.92 91.02 Refer Note 17. Lease Liabilities comprise of current portion of long term lease liability. b) Short Term Borrowings Rupees crores Particulars 2020 2019 Unsecured (Carried at Amortised Cost): Term Loan from Banks....................................................................................................................................... 900.00 300.00 Other Loan from Bank....................................................................................................................................... — 148.54 Total Short Term Borrowings ............................................................................................................................ 900.00 448.54 Unsecured Borrowings: Term loan from banks consists of packing credit facility under Interest equalisation scheme and working capital loan, carrying fixed interest rate ranging from 2.99% p.a. to 7.85% p.a., repayable within a year from the date of availment of loan. Reconciliation of movement in borrowings to cash flows from financing activities Rupees crores Particulars 2020 2019 Opening balance – Long Term Borrowings.................................................................................................................................... 2,031.78 2,195.90 – Short Term Borrowings................................................................................................................................... 448.54 668.47 – Current maturities of Long term borrowings............................................................................................... 91.02 93.71 – Unclaimed matured Deposits......................................................................................................................... 0.17 0.50 Total Opening Balance ....................................................................................................................................... 2,571.51 2,958.58