Page 208 - BCML AR 2019-20

FINANCIAL STATEMENTS

Notes forming part of the Standalone Financial Statements

Note No. : 36 Other disclosures (contd.)
(H in Lacs)
Sl. Particulars Treatment in Accounts Year Year
No. ended 31st ended 31st
March, 2020 March, 2019
(f) Financial support for maintaining (i) Shown as separate line item “Insurance and storage
buffer stock of sugar inventory charges on buffer stock” under Revenue from
(Refer footnote (viii) below) Operations 555.70 360.57
(ii) Deducted from interest expense on short term
borrowings 3197.75 2053.01
(g) Interest on term loans (i) Deducted from interest expense on long term
(Refer footnote (ix) (x) (xi) (xii) below) borrowings 125.98 637.71
(Refer footnote (ix) below) (ii) Deducted from interest expense on long term
borrowings capitalised 20.47 -
(Refer footnote (xii) below)
(iii) Deducted from interest expense on short term
borrowings 2683.67 29.74
35826.79 25556.69
Amortization of Government Grants:
(h) Government grant relating to interest Deducted from interest expense on long term
on term loans (Refer footnote (xiii) borrowings
below) 1190.38 410.41
(i) Government grant relating to property, Shown as separate line item “Deferred income” under
plant and equipment Other Income - 14.17
1190.38 424.58
(ii) Grants related to Assets
Government grant relating to property, Adjusted with carrying amount of property, plant and
plant and equipment equipment - 1.83
- 1.83
37017.17 25983.10

Footnotes:
(i) The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) Plan Scheme has been designed to incentivise employers for generation of
new employment, where Government of India pays the 8.33% Employee Pension Scheme contribution of the employer for the new
employment.
(ii) The Government of Uttar Pradesh pursuant to Notification No. 13/2018/1697/46-3-18-3(37)/2018 dated 1st October, 2018 notified a
Scheme for assistance to sugar mills @ H 4.50 per quintal of sugarcane purchased during sugar season 2017-18 with a view for timely
clearance of sugarcane price and assist the millers from falling sugar and molasses prices. Accordingly, H Nil (Previous Year: H 4930.98
Lacs) was adjusted as reduction from the cost of materials consumed.
(iii) The Central Government pursuant to Notification No. 1(5)/2018-SP-I dated 9th May, 2018 issued by the Ministry of Consumer Affairs,
Food and Public Distribution (Department of Food and Public Distribution) had notified a Scheme for assistance to sugar mills @ H 5.50
per quintal of sugarcane crushed during sugar season 2017-18 with a view of offset cost of sugarcane. Accordingly, H Nil (Previous Year:
H 546.89 Lacs) was adjusted as reduction from the cost of materials consumed.
(iv) The Central Government pursuant to Notification No. 1(14)/2018-SP-I dated 5th October, 2018 issued by the Ministry of Consumer
Affairs, Food and Public Distribution (Department of Food and Public Distribution) had notified a Scheme for assistance to sugar mills
@ H 13.88 per quintal of sugarcane crushed during sugar season 2018-19 with a view to offset cost of sugarcane. Accordingly, H 1901.33
Lacs (Previous Year: H 12175.25 Lacs) has been adjusted as reduction from the cost of materials consumed.

206 | Balrampur Chini Mills Limited