annual-report-FY2020

332 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 20. Provisions Rupees crores Particulars Non Current Current 2020 2019 2020 2019 Provision for employee benefits....................................................................... 3,491.29 3,313.34 613.05 465.50 Provision for warranties..................................................................................... 858.89 883.18 777.19 684.11 Provision for service coupons............................................................................ 25.50 31.41 106.32 124.45 Provision for others............................................................................................ 8.45 6.71 254.98 208.39 Total ..................................................................................................................... 4,384.13 4,234.64 1,751.54 1,482.45 Provision for warranty relates to provision made in respect of sale of certain products, the estimated cost of which is accrued at the time of sale. The products are generally covered under a free warranty period ranging from 6 months to 5 years. The movement in provision for warranty and service coupon is as follows : Rupees crores Particulars Warranty Service coupons 2020 2019 2020 2019 Opening Balance............................................................................................... 1,567.29 1,549.26 155.86 190.71 Additional provisions recognised..................................................................... 654.89 582.86 78.17 116.39 Amounts utilised............................................................................................... (640.53) (569.18) (112.29) (156.51) Unwinding of discount..................................................................................... 32.79 22.56 10.08 5.27 Foreign exchange translation differences....................................................... 21.64 (18.21) — — Closing Balance ................................................................................................. 1,636.08 1,567.29 131.82 155.86 21. Other Non-Financial Liabilities Rupees crores Particulars Non Current Current 2020 2019 2020 2019 Statutory dues (other than income taxes)....................................................... — — 719.85 2,215.04 Contract Liabilities.............................................................................................. 5,350.37 5,042.89 1,903.08 1,683.55 Others.................................................................................................................. — — 279.12 242.50 Total 5,350.37 5,042.89 2,902.05 4,141.09 Contract Liabilities represents deferred revenue and advance received from customers. Significant changes in Contract Liabilities during the period are as follows:- Rupees crores 2020 2019 Recognition of revenue arising from contract liabilities....................................................................................... 1,405.52 1,259.30