annual report 2011-12 - Heavy Engineering Corporation Limited

ANNUAL REPORT 2011-12
NOTES FORMING PART OF BALANCE SHEET
NOTE NO. - 15
INVENTORIES
(As certified by the Management)
Raw Materials & Components 7594.20 6383.34
Less: Provision 1482.78 1731.47
Less: Stock Adjustment 0.00 6111.42 65.56 4586.31
Stores, Spares & Components including Construction Materials 1394.51 1028.70
Less: Provision / Stock Adjustment 229.85 1164.66 343.41 685.29
Goods-in-Transit/ Under inspection 4250.28 2160.57
Less: Provision 259.52 3990.76 259.51 1901.06
Loose Tools, Drawing Instruments etc. 1322.11 982.20
Less: Provision 43.88 1278.23 46.87 935.33
Stock of Finished Products 811.53 446.92
Less: Provision 44.04 767.49 39.36 407.56
Work-In-Progress 11844.95 9513.28
Less: Provision 128.50 11716.45 79.41 9433.87
Work-In-Progress (Turnkey Project) 2345.80 5505.95
Less: Provision 0.00 2345.80 0.00 5505.95
Discarded Assets 3.52 3.52
Less: Provision 3.52 0.00 3.52 0.00
Total Inventory 29566.90 26024.48
Less: Provision 2192.09 2503.55
Less: Stock Adjustment 0.00 27374.81 65.56 23455.37
TOTAL 27374.81 23455.37
Notes:
1. Finished Stock & WIP includes items worth ` 35.12 Lakh (Previous Year ` 35.12 L) against closed, cancelled & old work orders which has been
valued at scrap rates.
2. Non-Moving Raw Materials and Stores & Spares for more than 3 yrs are ` 1781.90Lakh (Previous Year ` 2039.54 L). The existing is provision is
considered adequate.
3. Goods In Transit includes CV Duty ` 14.18Lakh (Previous Year ` 220.35 L)
4. Raw Materials & Components including scrap at shop floor ` 70.43Lakh (Previous Year ` 65.25 L)
` in Lakhs
AS AT 31.03.2012 AS AT 31.03.2011
34