File_2012_Document1

194 Jindal Steel & Power LimitedBusiness Leadership Sustainable Operations Excellent Governance Robust FinancialsAnnual Report 2011-12195ConsolidatedNOTES to the consolidated financial statements as at and for the year ended 31st March, 2012 NOTES to the consolidated financial statements as at and for the year ended 31st March, 201217 TRADE RECEIVABLESAs at31st March, 2012(` in Crore)As at31st March, 2011a) Secured - -Total Secured Trade Receivable - -b) UnsecuredExceeding six monthsAccounts ReceivableConsidered Good 130.95 27.54Considered Doubtful 1.31 1.25Less: Provision for bad and doubtful debts (1.31) (1.25)OthersConsidered good 1,175.80 1,126.161,306.75 1,153.70Total Unsecured Trade Receivable 1,306.75 1,153.70Total Trade Receivable 1,306.75 1,153.70(` in Crore)Non-Current PortionCurrent Portion31st March, 2012 31st March, 2011 31st March, 2012 31st March, 201118 CASH & BANK BALANCESi) Cash & Cash EquivalentsCash on hand - - 2.16 2.58Cheques/Drafts In hand - - 1.73 0.77Bank Balances in current accounts - - 127.58 133.34Deposits with original maturity of- - 0.16 8.10less than three monthsOthers - - 0.02 0.02ii) Other Bank BalancesBanks with Earmarked balancesEarmarked for unpaid dividend - - 16.50 14.18Banks DepositsDeposits with original maturity upto- - 1.06 305.00twelve monthsDeposits with original maturity14.24 14.39 - -more than twelve monthsAmount disclosed under other noncurrent(14.24) (14.39) - -assets (Note no-15)Total Cash & bank Balances - - 149.21 463.99(` in Crore)Non-Current PortionCurrent Portion31st March, 2012 31st March, 2011 31st March, 2012 31st March, 201119 SHORT TERM LOANS & ADVANCESa) Loans and advances to relatedpartyUnsecured, considered good - - 471.95 457.15- - 471.95 457.15b) Loans and Advances to othersUnsecured, considered good* 1,781.66 2,024.59 1,985.88 1,081.83Doubtful - - 5.76 5.76Less: Provision for doubtful- - (5.76) (5.76)advances1,781.66 2,024.59 1,985.88 1,081.83c) Security Deposit - - 7.12 11.09- - 7.12 11.09d) Other Loans and Advances -Balances with statutory/government- - 607.99 367.00authoritiesAdvance income tax including TDS - - 3,854.27 2,811.63- - 4,462.26 3,178.63Amount disclosed under long term (1,781.66) (2,024.59) - -loans & advances (Note no-14 B)Total Short Term Loans &Advances- - 6,927.21 4,728.70*Advances recoverable in cash or in kind or for value to be received includes ` 0.82 crore (Previous year ` 0.24 crore) being theamount due from Directors/officers of the Company.(` in Crore)As at31st March, 2012As at31st March, 201120 OTHER CURRENT ASSETSa) Pre-Paid expenses 56.65 3.26b) Interest receivable on short term loans & advances 148.01 88.87b) Other receivables 29.65 17.14Total Other Current Assets 234.31 109.27(` in Crore)For the year ended31st March, 2012For the year ended31st March, 201121 REVENUE FROM OPERATIONSa) Sale of productsFinished goods 19,240.96 13,928.17Traded goods 257.89 14.51Inter-division transfer 2,856.43 1,698.3022,355.28 15,640.98