Go Fashion (India) Limited {formerly known as Go Fashion (India) Private Limited}
Notes to the restated financial information
(Amount in 2 Millions, except for share data or as otherwise stated)

 

Note Particulars

 

No.

 

 

 

 

 

 

 

Asat
‘30/Sun/2021] 30/Fun/2020] 31/Mar/2021] _31/Mar/2020] _31/Mari2019
11 “Trade receivables
Particulars Asat
‘3/Fun/2021] —S0/Fun/2020| 3i/Mar/2021] _31/Mari2020| _31/Mari2019
Receivables outstanding for a period exceeding six months ffom the date they became due for payment
Undisputed trade receivable, considered good 17.13 285.48 46.60 56.61 19.06
Undisputed trade receivable, considered doubtful 3.27 2.79 0.16
Less: Allowance for expected credit loss 620 2.79) 253) (0.16)
17.14 285.48 07 36.61 19.06
Other receivables
Undisputed trade receivable, considered good 269.56 251.21 427.32 499.76 381.71
Total 386.70 536.09, 47139 556.37 400.77

 

 

 

 

 

For deiails on credit risk for trade receivables, refer Note 40 ()()
Trade Receivables are hypothecated as Security for part of Cash Credit facilities (Refer Note 19)

The average credit period on sale of products ranges between 30 to 60 days. The credit worthiness of trade receivables and the credit terms set are determined on a case to case basis and the
Management has factored in the uncertainties arising out of COVID-19, as applicable. The fair values of tade receivables are not considered to be significantly different from their carrying
values, given their generally short period to maturity, with impairment reviews considered on an individual basis rather than when these become overdue. The expected credit loss allowance is

based on the ageing of the days the receivables are due and the rates as given in the provision matrix. The provision matrix/ageing at the end of the reporting period is as follows:

 

‘AS at June 30, 2027

 

Parsicalars

 

<Gmonths | Gmonths -Tyear] 1-2 years [ 2-3 years [>S years] Total

 

Undieputed Trade recewablee —

considered good, 269.56 10747 ox o1o) 386.70
‘Undisputed Trade Receivables —
considered doubtiul 233 038 ous 3.25

Disputed Trade Receivables
considered good

Disputed Trads Receivables
‘considered dowbthal

 

‘Grand Total 26956, Toso] 107, = 359.98

 

 

 

Particulars at March 31,2021

 

 

1-2 years | 2-3 years [> Syears| Tord

 

Undisputed Trade receivables —

considered good and 2ea3] 15.75 ane
Uncisputed Trade Receivables —
considered doubtiul 7 100 133 - - 253

Disputed Trads Receivables
‘considered good

Disputed Trade Receivables
considered doubtiul

 

‘Grand Total Be zoaa| 4737 = = a7a92

 

 

 

Particulars ‘a June 30, 2020

 

~<Smontha] Smonths—Ayenr | 1-2 years [ 2-3 years [>Syears| Towal

 

Undisputed Trade necivebloe —

considered good, 25121 asses 0:0 = ‘ 53659
‘Undisputed Trade Receivables —

considered doubtful - 24 0.05 - : 279
Disputed Trade Receivables

considered good,

Disputed Trade Receivables
considered doubtful

 

‘Grand Toral 2a 2772 |__o.

 

= 08

 

 

‘Ae at March 31,2020

 

 

ee <Smonths] Smonths Iyear] 12 years | 23 years >Syears| Toul

 

Undisputed Trade receivables —
considered good 499.07 5657 003 2 2 55637
Undisputed Trade Receivables —

considered doubtful

Disputed Trade Receivables
considered good

Disputed Trade Receivables
considered doubhal

 

‘Grand Total

 

ses7] 0.03 z = 5637

 

 

wameanee “Ag at Mareh 31,2019

 

= Gmonths| G months year | 12 years | 2-3 years Syears| Total

 

Undiepated rede receivables —
‘considered good sass 18.0 032 = _ 400.77
‘Undisputed Trade Receivables —

‘considered doubtful

Disputed Trade Receivables
considered good

Disputed Trade Receivables
considered doubtul

 

 

 

 

(Grand Toral aes 1330/0.

077

 

 

 

 

239
