‘MedPlus Health Services Limited (formerly known as MedPlus Health Services Private Limited)
‘Annexure- VIL

‘Notes to Restated Consolidated Financial Information

(All amounts are in Rs. in millions except as otherwise stated)

11 Other assets (continued)

 

 

 

 

Current
GST Receivable 7.26 1252 0.79 33.54 25.40
VAT Receivable 2 _ . 04 028
Other advances recoverable 188.34 150.14 78.79 80.69 45.87
Balances with statutory/ government authorities 18.12 873 29.18 0.16 0.06
Prepaid expenses 24.07 14.90 284 25.66 11.03
Share issue expenses (refer note 2) 70.84 : a é
308.63 186.29 131.60 140.09 ‘S268
Doubtful
GST Receivable 0.68 068 0.68 0.68 069
VAT Receivable 048. 043 048 033 oad
116 Tt 116 101 0.83
Provision for doubtful balances (1.16) qa) (1.16) (2.01) (0.83)
Total current 308.63, 186.29 13.60 140.09 Ren

 

 

Note 1: Total advance paid of Rs. 63.80 millions for acquisition of land for which the registration is yet to be done.
Note 2: During the six months period ended 30 September 2021, the Company is in the process of filing Red Herring Prospectus with SEBI in connection with the proposed Initial Public
Offer (IPO) of equity shares of the Company by way of fresh issue and an offer for sale by the existing shareholders. Accordingly, expenses incurred by the Group aggregating to Rs.

70.84 in connection with filing of Red Herring Prospectus have been shown under "other current assets" as it was supposed to be partly recovered from the existing shareholders (to the
extent of shares offered for sale by them) and partly to be adjusted towards the securities premium,

 

12. Inventories

 

 

AsatSeptember Asat September AsatMarch 31, AsatMarch 31, As at March 31,
30, 2021 30, 2020, 2021 2020 2019
(Values at lower of cost and net realisable value)
Traded goods 7,953.55 6,744.37 737777 6,325.92 956.06
Raw materials 17.68 15.25 174s. 16.90 852
Packing material 778 3.39 454 261 284
Finished goods 20.10 16.18 19.42 18.04 869)
Work-in-progress 2.97 330 237 120 ost
Stores and spares 98.02 70.77 78.29 70.88 64.04
$100.10 6853.26 7499.57, 6A35.55, 3940.66

 

 

During the six months period/year ended September 30, 2021, the Group recorded inventory write-down to net realisable value of Rs. 68.95 millions (September 30, 2020: Rs. 50.64
millions, March 31, 2021: 117.02 millions, March 31, 2020: Rs. 82.15 millions, March 31, 2019 Rs. 108.15 millions) in the consolidated statement of profit and loss account under cost of

goods sold.

As on September 30, 2021 the Inventories includes contract asset of Rs.19.22 millions (September 30, 2020: Rs. 33.57 millions, March 31, 2021:Rs.24.95 millions, March 31, 2020: Rs 25.64

millions, March 31, 2019: Rs 32.81 millions) representing the right to the returned goods.

All the traded goods are subject to a pari passu charge to banks to obtain the cash credit facility (Refer Note: 19(b))

 

 

 

 

 

 

 

 

 

 

 

 

 

13 Investments ‘As at September Asat September AsatMarch 31, AsatMarch 31, Asat March 31,
30, 2021 30, 2020 2021 2020 2019
Investment in Gold and silver* 033 033 033 2h =
0.33 0.33 0.33 254 5
* Few vendors of the group have given them gold and silver instead of discounts and the same have been accounted for as investments.
44) Trade receivables Asat September Asat September As atMarch 31, AsatMarch 31, As at March 31,
30, 2021 30, 2020 2021 2020 2019
‘Non-Current
‘Trade receivables - credit impaired 121 1.62 134 6.39 723
Receivable from Others 121 1.62 134 6.39 7.23
Less: Allowance for expected credit loss & credit impairment a2) (1.62) (1.34) (6.39) 7.23)
Current
‘Trade receivables considered good - unsecured 72.08 40.64 53.67 64.00 87.54
Trade receivables - credit impaired 578 25.64 19.39 21.08 :
77.86 66.28 73.06 35.08 w750
Less: Allowance for expected credit loss & credit impairment (6.78) (25.64) (2939) (21.08) z
72.08 10.64 53.67 4.00 w750

 

 

There are no trade or other receivables due from directors or other officers of the company
respectively in which any director is a partner, a director or a member.

Trade receivables are non-interest bearing and are generally on terms of 30 to 90 days.

242

either severally or jointly with any other person or dues from firms or private companies
