Annual Report - 2005-06 - GAIL (India)

Schedule 7 – Current Assets, Loans and Advances
A. CURRENT ASSETS
(Rs.in Crores)
AS AT
AS AT
31st March, 2006 31st March, 2005
INVENTORIES
(As Certified by the Management)
Stores and Spares * 313.92 346.78
Less : Provision for Losses/Obsolescence 2.02 6.92
311.90 339.86
Construction Surplus - Capital / Stores 82.57 69.52
Less : Provision for Losses/Obsolescence 40.80 32.53
41.77 36.99
Stock of Gas**/Polymers/LPG and Other Products 129.52 483.19 104.59 481.44
SUNDRY DEBTORS
Debts outstanding for a period exceeding six months
- Unsecured, Considered Good 98.06 221.69
- Unsecured, Considered Doubtful 120.29 218.35 120.25 341.94
Other Debts
- Unsecured, Considered Good 655.41 601.17
873.76 943.11
Less : Provision for Doubtful debts 120.29 753.47 120.25 822.86
CASH AND BANK BALANCES
Cash in hand 0.16 0.09
Cheques/Stamps in hand 0.04 0.02
Remittance in transit - 0.20 11.49 11.60
BANK BALANCES(SCHEDULED BANKS)
On Current Account ( includes Corporate Liquid Term 134.01 82.50
Deposit Rs.58.73 (Previous Year : Rs.17.79) )
On Current Account -Gas Pool Money - 0.01
On Current Account -JV Consortium - 0.01
On Short Term Deposit 3,667.52 2,426.21
On Short Term Deposit -Gas Pool Money (includes interest 308.11 566.89
accrued but not due Rs.1.32 (Previous Year : Rs.1.77) )
On Short Term Deposit -JV Consortium (includes interest 386.10 4,495.74 4,495.94 359.62 3,435.24 3,446.84
accrued but not due Rs.4.17 (Previous Year : Rs.3.52) )
OTHER CURRENT ASSETS
Interest accrued but not due on Deposits / Bonds 39.65 26.98
(Rs.in Crores)
AS AT
AS AT
31st March, 2006 31st March, 2005
Brought Forward 5,772.25 4,778.12
B. LOANS AND ADVANCES
Loans/Advances to Subsidiaries 77.18 76.94
GAIL Global (Singapore) Pte. Ltd.
(100% subsidiary company incorporated in Singapore)
Loans to Employees
- Secured, Considered Good 141.89 136.83
- Unsecured, Considered Good 19.37 16.18
(including dues from Directors Rs.0.12 (Previous Year :
Rs.0.14)) (Maximum amount due at any time during the year
: Rs.0.21 ) ( Previous Year : Rs.0.20) )
Others 4.60 165.86 4.29 157.30
(Unsecured, Considered Good)
Advances recoverable in cash or in
kind or for value to be received
- Unsecured, Considered Good 1,262.25 1,334.03
(includes Rs.1105.34 (Previous Year : Rs.1024.52) paid / adjusted
against Income tax demand under protest. (includes Rs.3.11
(Previous Year : Rs.3.11) on account of disinvestment of Govt.
Equity by way of GDR / Domestic Tranche/ offer for sale )
- Unsecured, Considered Doubtful 0.42 1.08
1,262.67 1,335.11
Less : Provision for Doubtful Advances 0.42 1,262.25 1.08 1,334.03
Claims Recoverable
- Unsecured, Considered Good 13.41 36.92
- Unsecured, Considered Doubtful 0.12 0.42
13.53 37.34
Less : Provision for doubtful claims 0.12 13.41 0.42 36.92
Deposits with Customs, Port Trust and Others
- Unsecured, Considered Good 35.93 30.67
- Unsecured, Considered Doubtful 0.31 0.31
36.24 30.98
Less : Provision for doubtful claims 0.31 35.93 1,554.63 0.31 30.67 1,635.86
TOTAL 7,326.88 6,413.98
* includes Rs.35.71 (Previous Year : Rs.60.78) in transit.
** after adjustment of calorific value
Carried Forward 5,772.25 4,778.12
100 Winning Momentum 101