Amal Ltd 2019-20

Amal Ltd | Annual Report 2019-2020 Note 17 Revenue from operations (continued) Reconciliation of revenue from contracts with customers recognised at contract price: ( ` lakhs ) Particulars 2019-20 2018-19 Contract price 3,247.10 3,264.41 Adjustments for: Consideration payable to customers - discounts 2 (0.09) (0.05) Revenue from contract with customers 3,247.01 3,264.36 2 Consideration payable to customers like discounts and price reductions offered to customers are estimated on specific identified basis and reduced from the contract price when the Company recognises revenue from the transfer of the related goods or services to the customer and it pays or promises to pay the consideration. The Company has evaluated the impact of COVID-19 resulting from i) the possible constraints to continue its operations and revisions in costs to fulfill the pending obligations, ii) onerous obligations, iii) penalties, if any, relating to breaches of agreements and iv) termination or deferment of contracts by customers. It has concluded that the impact of COVID-19 is not material based on the aforesaid evaluation. Due to the nature of the pandemic, it will continue to monitor developments to identify significant uncertainties relating to revenue in future periods. ( ` lakhs ) Note 18 Other income 2019-20 2018-19 Income from investments in mutual funds measured at FVPL 13.56 31.15 Dividends income 90.07 20.30 Interest income from financial assets measured at amortised cost 2.23 3.48 Gain on disposal of property, plant and equipment 66.71 0.60 Miscellaneous income 1.15 1.53 173.72 57.06 ( ` lakhs ) Note 19 Cost of materials consumed 2019-20 2018-19 Raw materials consumed Stocks at commencement 19.66 16.88 Add: Purchase 883.17 1,125.01 902.83 1,141.89 Less: Stocks at close 18.82 19.66 884.01 1,122.23 Notes to the Financial Statements