Company Overview Financial Statements Notice Statutory Reports 57 Rudolf Atul Chemicals Ltd | Annual Report 2019-20 (` lakhs) Note 17 Contract liabilities As at March 31, 2020 As at March 31, 2019 For sale of products 18.87 31.99 18.87 31.99 (` lakhs) Note 18 Other current liabilities As at March 31, 2020 As at March 31, 2019 Statutory dues 45.63 50.54 45.63 50.54 (` lakhs) Note 19 Revenue from operations 2019-20 2018-19 Sale of products 8,126.51 8,295.31 Scrap sales 14.44 15.19 Revenue from contracts with customers Other operating revenue 8,140.95 8,310.50 Commission received 81.73 61.11 8,222.68 8,371.61 Reconciliation of revenue recognised with contract price (` lakhs) Particulars 2019-20 2018-19 Contract price 8,274.89 8,453.70 Adjustment for: Variable Consideration1 (133.94) (143.20) Revenue from contract with customers 8,140.95 8,310.50 1Variable 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. The Company has evaluated the impact of COVID-19 resulting from i) the possible constraints to continue its operations and revisions in costs to fulfill the pending obligations, ii) onerous obligations, iii) penalties, if any, relating to breaches of agreements and iv) termination or deferment of contracts by customers. The Company has concluded that the impact of COVID-19 is not material based on the said evaluation. Due to the nature of the pandemic, the Company will continue to monitor developments to identify significant uncertainties relating to revenue in future periods. (` lakhs) Note 20 Other income 2019-20 2018-19 Interest from inter inter corporate deposit 102.11 45.05 Interest on demand deposits with banks 21.66 16.63 Exchange rate difference gain (net ) 15.04 22.27 Miscellaneous income 0.59 0.19 139.40 84.14
RkJQdWJsaXNoZXIy MjA2MDI2