Amal Ltd 2016-17

71 Notes to the Financial Statements ( ` 000) Note 4 Other current | non-current Assets As at March 31, 2017 As at March 31, 2016 As at April 01, 2015 Current Non- current Current Non- current Current Non- current Income tax refund receivable 355 351 351 Interest receivable on VAT refund - - 426 VAT receivable 2 76 2,055 Prepaid gratuity 862 803 677 Advance to staff 33 54 31 Balance with Excise and Service tax Departments 351 1,060 1,090 Prepayments | Interest accrued 590 518 432 Advance to creditors - Considered good 4,323 1,799 1,365 - Considered doubtful 35 240 258 4,358 2,039 1,623 Less : Provision for doubtful advances (35) (240) (258) 4,323 - 1,799 1,365 5,297 1,219 3,431 1,230 2,918 3,509 ( ` 000) Note 5 Inventories As at March 31, 2017 As at March 31, 2016 As at April 01, 2015 Raw materials and components 1,428 816 2,418 Work-in-progress 1,237 665 2,164 Finished goods 1,097 1,812 2,124 Stores and spares 7,368 8,884 7,102 11,130 12,177 13,808 Note: 1. Inventories (except stores and spares which are valued at cost) are stated at lower of cost and net realisable value. 2. Inventories are given as security to the lenders (refer note 9). ( ` 000) Note 6 Financial Assets As at March 31, 2017 As at March 31, 2016 As at April 01, 2015 (a) Investments Axis Short term Fund - Growth (STGPG); (Units 10.73 lakhs) 19,082 - - 19,082 - - ( ` 000) (b) Trade Receivables (Unsecured, considered good; unless otherwise stated) As at March 31, 2017 As at March 31, 2016 As at April 01, 2015 a) Unsecured, considered good i) Related parties (refer note 24) 41,241 3,449 - ii) Others 1,692 1,149 2,890 42,933 4,598 2,890