PGHH_AR_2020

Notes to Financial Statements for the year ended June 30, 2020 Annual Report 2019-20 99 Company Overview Board's Report MD&A CG Report Financial Statement Procter & Gamble Hygiene and Health Care Limited Movement in the allowance for doubtful advances As at June 30, 2020 As at June 30, 2019 ` in lakhs ` in lakhs Balance at the beginning of the year 1 292 1 276 Amounts written off during the year (net) (157) ---- Change in allowance for bad and doubtful advances during the year ---- 16 Balance at end of the year 1 135 1 292 (a) Includes amounts deposited with Excise, Sales Tax and other authorities pending resolution of disputes. (b) Advances given to employees as per the Company’s policy are not considered for the purposes of disclosure under Section 186 (4) of the Companies Act, 2013. 8 (a) Non current assets held for sale As at June 30, 2020 As at June 30, 2019 ` in lakhs ` in lakhs Freehold land 110 309 Buildings 298 840 Plant & machinery 336 946 Furniture and fixtures 11 32 Moulds & Dies 9 25 764 2 152 (a) In the year ended June 30, 2018, certain Property, Plant and Equipment (PPE) had been rendered redundant due to the Company moving its manufacturing facility from one location to another. The carrying value of the said assets amounting to ` 3 411 lakhs was brought down to its fair value and an impairment loss of ` 1 259 lakhs has been recognised in the year ended June 30, 2018. (b) In the current year, the Company has, based on certain quotes obtained, reassessed the fair value of these assets and a further impairment loss amounting to ` 1 388 lakhs has been recognized in the Statement of Profit and Loss. The company intends to dispose off the said PPE and is actively engaged in identifying a prospective buyer. These assets continue to be classified as held for sale as at June 3 0, 2020. 9 Inventories As at June 30, 2020 As at June 30, 2019 ` in lakhs ` in lakhs Inventories (lower of cost and net realisable value) Raw materials (Including packing materials) 6 930 7 374 Work-in-progress 802 867 Finished goods 8 776 7 721 Stock-in-trade {Includes in transit ` 821 lakhs (June 30, 2019 : ` 208 lakhs)} 2 987 3 195 Consumable stores and spares 1 010 1 185 20 505 20 342 The cost of inventories recognised as an expense during the year is disclosed in note 21, 22 and 25.