Amal Ltd 2018-19

Amal Ltd | Annual Report 2018-2019 ( ` 000) Note 11(a) Trade payables As at March 31, 2019 As at March 31, 2018 Total outstanding dues of micro enterprises and small enterprises (refer Note 28) 30 56 Related party (refer Note 24) 1,487 697 Others 17,646 18,688 19,163 19,441 ( ` 000) Note 11(b) Other current financial liabilities As at March 31, 2019 As at March 31, 2018 Employee benefits payable 997 699 Retentions payable 1,064 670 Current maturities of long-term borrowings (refer Note 24 and 9) i) Loan from related party - secured 53,039 25,313 ii) 70,00,000 (March 31, 2018: 80,00,000) 0% Redeemable and non-convertible preference shares of ` 10 each due is 12 months 2,396 8,618 iii) Loans from related party - unsecured loan 17,917 - 75,413 35,300 ( ` 000) Note 12 Other current liabilities As at March 31, 2019 As at March 31, 2018 Advance received from customers 106 41 Statutory dues 5,402 3,096 5,508 3,137 ( ` 000) Note 13 Revenue from operations 2 2018-19 2017-18 Sale of chemicals 1 3,03,283 2,97,755 Sale of steam 23,153 24,261 Other operating revenue Scrap sales | Other revenue 2,271 1,164 3,28,707 3,23,180 1 Revenue from operations for periods up to June 30, 2017 includes excise duty ` 67.51 lakhs, which is discontinued effective July 01, 2017 upon implementation of Goods and Services Tax (GST) in India. In view of the aforesaid restructuring of indirect taxes, revenue from operations for the year ended March 31, 2019 is not comparable with the previous year. 2 Contracts with customers are for short-term, at an agreed price basis having contracted credit period ranging up to 90 days. These contracts are mainly for sale of chemical products and steam besides sale of scrap and other goods. Delivery of goods are at ex-works. The contracts do not grant for any rights to return to the customer. Returns of goods are accepted by the company only on exception basis. Notes to the Financial Statements