Annual Report - 2005-06 - GAIL (India)

Schedule 7 – Current Assets, Loans and Advances
(Rs.in Crores)
(Rs.in Crores)
AS AT
AS AT
31st March, 2006 31st March, 2005
AS AT
AS AT
31st March, 2006 31st March, 2005
A. CURRENT ASSETS
INVENTORIES
(As Certified by the Management)
Raw Material (LNG) 7.02 11.06
Raw Material in Transit 4.52 4.42
CNG and Natural Gas in Pipeline 0.06 0.05
Stores and Spares including Construction Surplus* 406.62 424.35
Less : Provision for Losses/Obsolescence 42.82 39.45
363.86 384.95
Stock of Traded items - 0.01
Stock of Gas**/Polymers/LPG and Other Products 128.70 101.06
504.10 501.50
SUNDRY DEBTORS
Debts outstanding for a period exceeding six months
- Unsecured, Considered Good 99.35 223.34
- Secured, Considered Good 0.01 -
- Unsecured, Considered Doubtful 136.34 235.70 135.23 358.57
Other Debts
- Secured, Considered Good 22.68 19.48
- Unsecured, Considered Good 645.13 590.97
- Unsecured, Considered Doubtful - 667.81 - 610.45
903.51 969.02
Less : Provision for Doubtful debts 120.31 783.20 120.31 848.71
CASH AND BANK BALANCES
Cash in hand 0.54 0.37
Cheques/Stamps in hand 0.04 0.02
Remittance in transit - 0.58 11.49 11.88
BANK BALANCES WITH SCHEDULED BANKS
On Current Account ( includes Corporate Liquid Term 138.81 87.38
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 Fixed Deposit Account 1.49 1.15
On Short Term Deposit 3,704.38 2,463.49
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 4,538.89 359.62 3,478.55
accrued but not due Rs.4.17 ((Previous Year Rs 3.52))
BANK BALANCES WITH OTHER BANKS
On current accounts 0.41 0.85
4,539.88 3,491.28
OTHER CURRENT ASSETS
Interest accrued but not due on Deposits 39.65 26.98
Interest accrued on Fixed Deposits 0.08 0.05
Carried Forward 5,866.91 4,868.52
B. LOANS AND ADVANCES
Brought Forward 5,866.91 4,868.52
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 1.67 162.93 2.41 155.42
(Unsecured, Considered Good)
Advances recoverable in cash or in
kind or for value to be received
- Unsecured, Considered Good 1,277.69 1,401.79
(includes Rs.1105.34 (PY 1024.52) paid /
adjusted against Income tax demand under protest.
(includes Rs.3.11 (PY Rs 3.11) on account of disinvestment of
Govt. Equity by way of GDR/Domestic Tranche/ Offer for sale)
Others 6.02 5.39
- Unsecured, Considered Doubtful 0.42 1.08
1,284.13 1,408.26
Less : Provision for Doubtful Advances 0.42 1,283.71 1.08 1,407.18
Claims Recoverable
- Unsecured, Considered Good 13.41 36.92
- Unsecured, Considered Doubtful 0.22 0.52
13.63 37.44
Less : Provision for doubtful claims 0.22 13.41 0.52 36.92
Deposits with Customs, Port Trust and Others
- Unsecured, Considered Good 36.66 33.89
- Unsecured, Considered Doubtful 0.31 0.31
36.97 34.20
Less : Provision for doubtful deposits 0.31 36.66 1,496.71 0.31 33.89 1,633.41
Trade and Security Deposits
- Unsecured, Considered Good 5.01 4.06
TOTAL 7,368.63 6,505.99
Note:
* includes Rs.35.71 (Previous Year Rs.60.78) in transit.
**after adjustment of calorific value
168 Winning Momentum 169