annual-report-FY2021

250 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 10. Inventories Rupees crores Particulars 2021 2020 Raw Materials and Bought-out Components [includes in transit Rs. 147.21 crores ; 2020 : Rs. 91.46 crores].... 1,423.26 1,109.75 Work-in-Progress. ...................................................................................................................................................... 165.68 126.81 Finished Goods. ......................................................................................................................................................... 1,614.47 1,379.46 Stock-in-Trade [includes in transit Rs. 5.31 crores ; 2020 : Rs 24.56 crores].......................................................... 486.06 551.25 Manufactured Components...................................................................................................................................... 137.03 105.72 Stores and Spares...................................................................................................................................................... 72.41 72.54 Tools. .......................................................................................................................................................................... 56.56 55.38 Total Inventories ........................................................................................................................................................ 3,955.47 3,400.91 (a) The amount of inventories recognised as an expense is Rs. 37,015.90 crores (2020 : Rs. 37,106.59 crores) including Rs. 87.68 crores (2020 : Rs. 105.02 crores) in respect of write-down of inventories to net realisable value, and has been reduced by Rs. 28.08 crores (2020 : Rs. 26.17 crores) in respect of the reversal of such write downs. Reversal in provision is due to sale and/or consumption of inventories provided for in earlier years. (b) The Company has availed working capital facilities and other non-fund based facilities viz. bank guarantees and letters of credit, some of which are secured by hypothecation of inventories. (c) Mode of valuation of inventories is stated in Note 2(h). 11. Trade Receivables Rupees crores Particulars 2021 2020 Unsecured, considered good.................................................................................................................................... 2,333.86 2,998.98 Doubtful..................................................................................................................................................................... 237.35 158.30 2,571.21 3,157.28 Less: Allowance for Expected Credit Loss. .............................................................................................................. 228.36 158.30 Total Trade Receivables . ........................................................................................................................................... 2,342.85 2,998.98 Refer Note 34 - 2(b). 12. Cash and Bank Balances Rupees crores Particulars 2021 2020 a) Cash and cash equivalents Balances with banks – On Current accounts............................................................................................................................................... 658.78 1,397.26 – Fixed deposits with original maturity less than 3 months.................................................................................. 39.52 909.99 698.30 2,307.25 Cheques, drafts on hand (including in transit)........................................................................................................ 40.91 16.14 Cash on hand.............................................................................................................................................................. 0.10 0.12 Total Cash and cash equivalents. ............................................................................................................................. 739.31 2,323.51 b) Bank Balances other than Cash and Cash Equivalents Earmarked balances with banks. .............................................................................................................................. 18.43 19.88 Balances with banks on margin accounts................................................................................................................ 34.28 2.25 Fixed deposits............................................................................................................................................................. 5,463.40 1,890.87 Total Other Bank balances . ....................................................................................................................................... 5,516.11 1,913.00