Annual Report-FY 2012-13 - Timex Group India

(Rs. in lakhs)31 March 2013 31 March 201212. Other non-current assets(Unsecured, considered good unless otherwise stated )Long-term trade receivablesUnsecured, considered good 177 324Considered doubtful 100 -Less: Provision for doubtful receivables (100) -177 324Bank deposits (due to mature after 12 months from the reporting date) *** 2 2(refer note 15)Interest accrued on fixed deposits 0 # 0#*** Pledged with bank as security for guarantees issued on behalf of the Company.# Amount is below rounding off threshold adopted by the company179 32613. Inventories (valued at the lower of cost and net realisable value)Raw materials and components [including goods in transit Rs. Nil 1,294 1,329(previous year Rs. 26 lakhs)]Work-in-progress 45 224Finished goods [includes goods in transit Rs. Nil 2,338 2,557(previous year Rs. Nil)]Traded goods 25 213,702 4,131In the year ended 31 March 2013, the write down of inventories to net realisable value amounting to Rs. 5,017 lakhs(previous year Rs. 4,700 lakhs)14. Trade receivablesReceivables outstanding for a period exceeding six monthsfrom the date they became due for paymentUnsecured, considered good 402 238Doubtful 615 403Less: Provision for doubtful receivables (615) (403)(A) 402 238Other receivablesUnsecured, considered good 6,202 9,690(B) 6,202 9,690(A) + (B) 6,604 9,928Trade receivables (unsecured, considered good) include Rs. 157 lakhs (previous year: Rs. 466 lakhs) due fromcompanies under the same management.41