NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
9. INVENTORY
THE GROUP
2020
2019
Rs
Rs
1,169,000,000 570,560,674
Land held for development and resale
1,169,000,000 459,955,460
Road infrastructure and others
71,155
Aliments
39,235
800,000 3,866,121
1,232,620
Chicken
Others
3,557,211
1,744,297,950
1,633,784,526
10. TRADE AND OTHER RECEIVABLES
THE GROUP
THE COMPANY
2020
2020
2019
2019
Rs
Rs
Rs
Rs
15,464,191
309,265,008 64,334,775
Trade receivables Other receivables
44,679,740 119,321,372 (1,414,463) 162,586,649
60,318,114 71,845,515
100,329,477 (2,553,755) 113,239,913
(781,515)
Loss allowance
-
372,818,268
Total
132,163,629
Loss allowance
THE GROUP THE COMPANY
1,414,463 1,139,292 2,553,755
At 1 January 2020
-
Allowance for expected credit loss during the year
781,515 781,515
At 31 December 2020
The allowance for expected credit losses assessment requires a degree of estimation and judgement. It is based on the lifetime expected credit loss, grouped based on days overdue, and makes assumptions to allocate an overall expected credit loss rate for each group. These assumptions include recent sales experience and historical collection rates.
11. CASH AND CASH EQUIVALENT
THE GROUP
THE COMPANY
2020
2020
2019
2019
Rs
Rs
Rs
Rs
84,448,239 81,650,728 (119,883,730)
6,363
Cash at bank and in hand
60,918,591 50,247,121
15,800
-
Restricted cash Bank overdraft
-
(32,972,310) (32,965,947)
(116,523,794)
(15,388,645) (15,372,845)
46,215,237
(5,358,082)
Restricted cash relates to deposits from customers held on an escrow account at the notary subsequent to intentions of acquring Cap Tamarin Ltée properties.
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