Annual Report 2007 - Clariant

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76 <strong>Clariant</strong> Chemicals (India) LimitedSCHEDULE 7 : INVENTORIES31-12-07Rs. Million31-12-06Rs. MillionAt lower of cost and net realisable value (As certified by the Management)Stores and spare parts 33.9 40.1Raw materials 310.9 420.2Packing materials 10.2 13.2Finished goods 671.6 689.2Work-in-progress 119.1 130.81145.7 1293.5SCHEDULE 8 : SUNDRY DEBTORS31-12-07Rs. Million31-12-06Rs. MillionSecured(Considered good)Over six months 6.0 8.3Other debts 96.9 94.8102.9 103.1UnsecuredOver six months (Including doubtful debts Rs. 8.1 Million; 34.9 36.2Previous year : Rs. 8.1 Million; balance considered good)Other debts (Considered good) 1224.1 1291.11259.0 1327.31361.9 1430.4Less: Provision for doubtful debts 8.1 8.11353.8 1422.3SCHEDULE 9 : CASH AND BANK BALANCES31-12-07Rs. Million31-12-06Rs. MillionCash on hand 0.5 1.4Cheques on hand 34.7 277.7With scheduled banks:On current accounts 61.6 75.0On fixed deposit accounts 36.2 42.497.8 117.4133.0 396.5
Schedules forming part of theConsolidated Balance Sheet77SCHEDULE 10 : LOANS AND ADVANCES31-12-07Rs. Million31-12-06Rs. Million(Unsecured — considered good, unless otherwise stated)Advances recoverable in cash or in kind or for value to be received 315.1 331.5VAT set off admissible 20.1 18.8Advance payment of Income tax (Net of Provision for taxation) 252.0 172.8Balances with customs and excise on current account 60.6 80.5647.8 603.6SCHEDULE 11 : CURRENT LIABILITIES31-12-07Rs. Million31-12-06Rs. MillionSundry creditorsDue to micro enterprises and small enterprises — —Due to others 1519.3 1733.91519.3 1733.9Deposits 129.8 129.7Interest accrued but not due on loans — #Unpaid dividends* 15.1 12.3Unclaimed fixed deposits* # 0.1Unpaid interest on matured fixed deposits* 0.1 0.31664.3 1876.3* There is no amount due and outstanding to be credited to Investor Education andProtection Fund# Indicates amount less than Rs. 50,000SCHEDULE 12 : PROVISIONS31-12-07Rs. Million31-12-06Rs. MillionRetirement Benefits:Leave encashment 48.7 65.3Gratuity 12.0 28.0Ex-gratia gratuity 8.0 9.0Others:Provision for taxation (Net of advance payment of Income tax) 117.9 90.2Proposed dividend 266.6 479.9Corporate tax on proposed dividend 45.3 67.3498.5 739.7
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Clariant Chemicals (India) LimitedN
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2Corporate ManagementSunil K. Nayak
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4Our People - the key to our succes
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6Sustainable GrowthSustainability i
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9Intermediates and ColoursWe are th
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11Our global business units - Indus
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14 Clariant Chemicals (India) Limit
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Annual Report 2007 - Clariant

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