annual-report-FY2020

328 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 13. Inventories Rupees crores Particulars 2020 2019 Raw materials and bought-out components [includes in-transit Rs. 569.24 crores (2019: Rs. 712.67 crores)]............................................................................ 3,863.48 4,070.78 Work-in-progress....................................................................................................................................................... 484.04 513.87 Work-in-progress-property development activity and long term contracts. ....................................................... 1,708.22 1,840.94 Finished products produced .................................................................................................................................... 3,468.99 4,042.95 Stock-in-trade [includes in-transit Rs. 27.61 crores (2019: Rs. 75.92 crores)] ...................................................... 1,223.23 1,343.37 Manufactured components...................................................................................................................................... 130.33 166.00 Stores and Spares ..................................................................................................................................................... 152.76 144.71 Loose Tools................................................................................................................................................................. 68.11 64.62 Food, beverages, smokes and operating supplies.................................................................................................. 12.70 12.92 Total ............................................................................................................................................................................ 11,111.86 12,200.16 (a) The cost of inventories recognised as an expense during the year was Rs. 66,102.47 crores (2019: Rs. 72,895.30 crores). (b) The cost of inventories recognised as an expense include Rs. 262.93 crores (2019: Rs. 123.53 crores) in respect of write-down of inventories to net realisable value, and has been reduced by Rs. 29.58 crores (2019: Rs. 21.66 crores) in respect of the reversal of such write downs. (c) Certain companies in the Group have availed working capital facilities and other non-fund based facilities viz. bank guarantees and letters of credit, which are secured by hypothecation of inventories. (d) Mode of valuation of inventories is stated in Note 2 (i). 14. Cash and Cash Equivalents and Bank Balance Rupees crores Particulars 2020 2019 a) Cash and Cash Equivalents Balances with banks – On current accounts....................................................................................................................................... 3,423.42 5,377.01 – On saving accounts........................................................................................................................................ 0.03 0.05 – Fixed deposits with original maturity of less than 3 months.................................................................... 1,278.77 381.65 Cheques, drafts on hand.................................................................................................................................. 21.78 331.15 Cash on hand..................................................................................................................................................... 21.03 49.14 Total.................................................................................................................................................................... 4,745.03 6,139.00 b) Bank balances other than Cash and Cash Equivalents Earmarked balances with banks...................................................................................................................... 42.50 48.20 Balances with banks on margin accounts....................................................................................................... 35.19 56.78 Fixed deposits.................................................................................................................................................... 3,088.18 2,490.93 Total.................................................................................................................................................................... 3,165.87 2,595.91