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

 

No.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   

 

 

 

 

 

 

 

 

 

 

 

Note Particulars As at
31/Mar/2019
7 Other financial asset
ured, considered good]
Security deposits - at amortised cost 179.44
Total 179.44
8 Other non-current assets
Advances for purchase of Property, Plant & Equipment 192
Amounts deposited with income tax authorities paid under protest _
Total
9 Inventories
Raw materials 165.05
Work-in-progress 141.32
Finished goods* 290.61
Finished goods [stock-in-trade] 105.74
Less: Provision for inventories (2.77)
Total 694.95
* Note: Includes stocks in transit
a Cost of Inventories pledged as security against current borrowings, details of which have been described in Note 19
b Cost inventories recognised as expense due to obsolescence amounts to & 50.20 Million.
¢ Provision made for slow moving inventories amounts to & 7.77 Million.
For mode of valuation of inventories refer Note 2.12 of Accounting Policies.
10 Financial Asset - Investments
Current
Quoted (at fair value through profit and loss)
HDFC Liquid Fund - Direct Plan - Growth Option 0.38
102 units as at 31-Mar-2019
HDFC Liquid Fund - Direct Plan - Daily Dividend 41.02
40,223 units as at 31-Mar-2019
ICICI Prudential Liquid - Direct Plan - Daily Dividend 193.07
1,928,603 units as at 31-Mar-2019
Total 234.47
Other disclosures
Cost of Investments 234.39
Aggregate value of quoted investments 234.47
Aggregate value of unquoted investments :
11 Trade receivables
Receivables outstanding for a period exceeding six months from the date they became due for payment
Undisputed trade receivable, considered good 19.06
Undisputed trade receivable, considered doubtful 0.16
Less: Allowance for expected credit loss (0.16)
19.06
Other receivables
Undisputed trade receivable, considered good 381.71
Total 400.77

 

 

For details on credit risk for trade receivables, refer Note 40 (C) (v)
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 worthin

 

are determined on a c:
thei
the:
provision matrix. The provision matrix/ageing at the end of the reporting period is as

 

 

 

follows(As per IndAS 109):

 

 

‘As at March 31, 2019

 

 

 

 

Particulars <6Months | 6Months] 1-2 Year| 2-3 Year] >3 Years] TOTAL
Undisputed Trade receivable-
considered good 381.55] 18.90] 0.32 = = | 400.77
Undisputed Trade receivable-
considered doubtful . = 0.16 : 0.16
Disputed Trade receivable- - 2 a
Disputed Trade receivable- 2 - : 2 2 -
Grand TOTAL 38155] 1890] 048 z =_[ 400.93

 

 

 

 

 

 

 

 

 

12, Cash and cash equivalents

279

 

s of trade receivables and the credit terms set
to case basis , as applicable. The fair values of trade receivables are not considered to be significantly different from

arrying values, given their generally short period to maturity, with impairment reviews considered on an individual basis
become overdue. The expected credit loss allowance is based on the ageing of the days the receivables are due and the rates

ather than when
as given in the
