Notice Statutory Reports Company Overview Financial Statements 59 Rudolf Atul Chemicals Ltd | Annual Report 2018-19 (` lakhs) Note 16 Trade payables As at March 31, 2019 As at March 31, 2018 Trade payables a) T otal outstanding dues of micro enterprises and small enterprises (refer note 25.12) 5.62 5.39 b) T otal outstanding dues of creditors other than micro enterprises and small enterprises i) Related party (refer note 25.3) 232.61 218.53 ii) Others 733.38 599.17 971.60 823.08 (` lakhs) Note 17 Other current liabilities As at March 31, 2019 As at March 31, 2018 i) Statutory dues 49.42 65.64 ii) Contract liabilities for sale of goods 18.39 7.33 67.80 72.97 (` lakhs) Note 18 Revenue from operations 2018-19 2017-18 Revenue from contracts with customers: Sale of products (including excise duty1) 8295.31 7511.28 Scrap sales 15.19 19.19 Other operating revenue Commission received 61.11 53.00 8,371.61 7,583.47 1Revenue from operations up to June 30, 2017 includes excise duty of ` 184.22 lakhs which is discontinued effective July 01, 2017 upon implementation of Goods and Services Tax (GST) in India. In view of the aforesaid restructuring of indirect taxes, revenue from operations for the year ended on March 31, 2019 is not comparable with the previous year. Reconciliation of revenue recognised with contract price: (` lakhs) Particulars 2018-19 2017-18 Contract Price 8438.51 7701.91 Adjustment for: Variable Consideration1 (143.20) (190.63) Revenue from contract with customers 8295.31 7511.28 1 Variable consideration payable to customers like discounts, free samples and price reductions offered to customers are estimated on specific identified basis and reduced from the contract price when the Company recognises revenue from the transfer of the related goods or services to the customer and the entity pays or promises to pay the consideration.
RkJQdWJsaXNoZXIy MjA2MDI2