Page 310 - BCML AR 2019-20

FINANCIAL STATEMENTS

Notes forming part of the Consolidated Financial Statements

Note No. : 37 Other disclosures (Contd.)

The following table summarizes the change in the loss allowances measured using life time expected credit loss model
for trade receivables:

Particulars (H in Lacs)
Balance as at 1st April, 2019 97.63
Provided during the year -
Reversed during the year -
Balance as at 31st March, 2020 97.63
Balance as at 1st April, 2018 97.63
Provided during the year -
Reversed during the year -
Balance as at 31st March, 2019 97.63
No changes in estimation were made during the reported period.
(ii) Balances with banks
Credit risk for balances with banks is managed in accordance with the Company’s policy.
The Company’s maximum exposure to credit risk for the components of the consolidated balance sheet as at 31st March, 2020
and 31st March, 2019 is the carrying amounts as stated under Note No. 14 and 15.
(c ) Liquidity risk
The Company’s objective is to meet the funding requirement and maintain flexibility in this respect through the use of cash credit
facilities, short term loans and commercial papers.
The table below summarises the maturity profile of Company’s financial liabilities : (H in Lacs)

Sl. No. Particulars Less than 1 to 5 years More than Total
1 year 5 years
A. As at 31st March, 2020
(i) Borrowings (excluding current maturities
of long - term debt)
Non-current
Term loans - 33802.37 - 33802.37
Long term maturities of lease obligation - 66.53 157.22 223.75
Current
Loans repayable on demand 105869.20 - - 105869.20
105869.20 33868.90 157.22 139895.32
(ii) Trade and other payables 67795.18 - - 67795.18
(iii) Other financial liabilities 16583.76 - - 16583.76
Total 190248.14 33868.90 157.22 224274.26

308 | Balrampur Chini Mills Limited