Triveni Turbine Limited

Bangalore Unit, Bangalore

Balance sheet as at 30th September 2018
Unaudited Unaudited Audited
Notes 30 Sept 2018 30 Sept 2017 31 March 2018
Rs. Rs. Rs.
ASSETS
Non-current assets
Property, Plant and Equipment 1 2,556,248,164 2,207,658,476 2,190,008,692
Capital work-in-progress 38,798,366 163,273,198 385,100,017
Other Intangible assets 2 39,107,510 49,379,596 47,064,412
Investments in subsidiary and joing venture 3 80,000,010 80,000,010 80,000,010
Financial assets
(i) Trade receivables 4 12,955,555 13,019,586 12,421,537
(ii) Loans 5 213,657 362,796 219,113
(iii) Other financial assets 5,864,222 5,344,702 5,824,702
Other non-current assets 6 13,820,124 183,533,148 14,318,706
Income tax assets (net) 23,623,813 8,810,437 15,022,069
2,770,631,421 2,711,381,949 2,749,979,258
Current Assets
Inventories 7 2,222,551,514 1,341,675,566 1,807,100,044
Financial assets
(i) Investments 3 150,563,437 341,328,328 90,628,039
(ii) Trade receivables 4 1,699,301,306 1,540,478,860 2,058,082,537
(iii) Cash and cash equivalents 8 102,194,790 44,090,702 48,643,756
(iv) Bank balances other than Cash and Cash equivalents - - -
(v) Loans 5 1,078,160 1,399,174 2,197,331
(vi) Other financial assets 37,581,012 2,070,000 27,020,785
Current tax assets (net) -
Other current assets 6 772,896,869 520,086,231 585,144,383
Assets classified as held for sale 2,599,495 6,051,851 2,599,495
4,988,766,583 3,797,180,712 4,621,416,370

Total Assets 7,759,398,004 6,508,562,661 7,371,395,628

EQUITY AND LIABILITIES

Equity
HO balance 4,106,889,794 3,512,247,108 3,066,918,045
Profit/(loss) for the period 632,543,293 581,208,470 1,507,972,108
4,739,433,087 4,093,455,578 4,574,890,153
Liabilities
Non-current liabilities
Financial liabilities
(i) Borrowings 9 206,107 1,822,427 505,500
(ii) Trade payables 10 - - -
(iii) Other financial liabilities 11
Deferred tax liabilities (Net) - 13,137,568 13,137,568
Provisions 12 44,026,196 79,149,313 37,509,438
Other non-current liabilities 13 -
44,232,303 94,109,308 51,152,506
Current liabilities
Financial liabilities
(i) Borrowings 9 - - -
(ii) Trade payables 10 1,336,281,665 1,024,683,020 1,441,307,144
(iii) Other financial liabilities 11 254,068,796 35,027,113 89,381,405
Provisions 12 83,607,073 73,974,011 87,758,584
Other current liabilities 13 1,301,775,080 1,187,313,631 1,126,905,836
2,975,732,614 2,320,997,775 2,745,352,969

Total Equity and Liabilities 7,759,398,004 6,508,562,661 7,371,395,628

-0
Summary of significant accounting policies
The accompanying notes are an integral part of the financial statements.

For Triveni Turbine Limited

Arun Mote Deepak Kumar Sen

Executive Director Executive Vice President &
Chief Financial Officer

Place: Bangalore
Date:
Triveni Turbine Limited
Bangalore Unit, Bangalore
Statement of Profit and Loss for the period ended 30th September 2018

Unaudited Unaudited Unaudited Unaudited Audited

Quarter ended Quarter ended Half year ended Half year ended Year ended
Notes 30 Sept 2018 30 Sept 2017 30 Sept 2018 30 Sept 2017 31 Mar 2018
Rs. Rs. Rs. Rs. Rs.

Income
Revenue from operations 14 2,162,164,853 2,170,342,353 3,858,978,246 3,360,204,539 7,409,170,715
Other income 15 63,579,237 16,438,994 97,526,451 27,817,330 87,946,361

Total Income 2,225,744,090 2,186,781,347 3,956,504,697 3,388,021,869 7,497,117,076

Expenses
Cost of materials consumed 16 1,281,763,694 932,748,790 2,296,886,917 1,546,222,354 3,783,758,862
Changes in inventories of finished goods, Stock-in-Trade and
17 -134,423,727 280,748,503 (258,021,415) 262,072,222 69,860,921
work-in-progress
Employee benefits expense 18 242,800,540 221,662,608 453,567,752 396,685,157 796,205,131
Finance costs 19 409,905 1,365,480 476,010 2,184,173 2,230,074
Depreciation and amortisation expense 20 47,038,541 39,834,023 94,011,414 89,321,728 187,761,047
Other expenses 21 349,973,128 267,385,981 649,282,894 496,072,517 1,147,506,851
Total Expense 1,787,562,081 1,743,745,385 3,236,203,572 2,792,558,151 5,987,322,886

Profit/(loss) before exceptional items and tax 438,182,009 443,035,962 720,301,125 595,463,718 1,509,794,190
Exceptional items -
Profit/(loss) before tax -
Tax expense: -
Currrent tax
Deferred tax - -
Profit/(loss) for the period from continuing operations 438,182,009 443,035,962 720,301,125 595,463,718 1,509,794,190
Other Comprehensive Income 55,251,544 15,565,668 87,757,832 14,255,248 1,822,082
Profit/(loss) for the period from continuing operations 382,930,465 427,470,294 632,543,293 581,208,470 1,507,972,108

Summary of significant accounting policies

The accompanying notes are an integral part of the financial statements.

For Triveni Turbine Limited As per our report of even date attached
For Walker Chandiok & Co LLP
Chartered Accountants

Arun Mote Deepak Kumar Sen

Executive Director Executive Vice President &
Chief Financial Officer

Place: Bangalore
Date:
Triveni Turbine Limited
Bangalore Unit, Bangalore
30.09.2018

1. Property plant and equipment

Free hold Plant and Office Furniture and Tools, Spares

Buildings Vehicles Computers Total
Land * Machinery Equipment Fixtures & Patterns

Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.

Gross Block
As at 1st April 2017 425,066,698 1,184,616,723 1,338,121,645 28,090,978 72,691,323 30,944,527 86,729,799 54,110,078 3,220,371,771
Additions - 22,438,303 52,689,270 6,769,915 6,515,455 2,237,535 9,941,569 13,573,371 114,165,417
Deductions - (358,783) (5,098,045) (418,090) (1,644,734) (8,588,834) (11,350,625) (27,459,110)
Assets held for sale -
As at 31st March 2018 425,066,698 1,206,696,243 1,385,712,870 34,442,803 77,562,045 24,593,228 85,320,743 67,683,449 3,307,078,078

Additions - 60,624,540 372,798,194 1,343,563 3,191,201 2,263,749 7,332,390 447,553,637

Deductions - (2,199,070) (2,199,070)
Assets held for sale -
As at 30th Sept 2018 425,066,698 1,267,320,783 1,758,511,064 35,786,365 80,753,246 22,394,158 87,584,492 75,015,839 3,752,432,645
-
Depreciation -
As at 1st April 2017 - 120,639,676 704,177,072 17,792,961 32,048,912 14,737,767 61,167,154 26,414,590 976,978,132
Charge for the year 36,856,333 85,865,483 3,567,487 5,513,362 3,120,829 11,578,415 14,654,962 161,156,872
Deductions (128,858) (4,326,115) (410,846) (1,562,495) (3,854,305) (10,782,999) (21,065,617)
Assets held for sale -
As at 31st March 2018 - 157,367,151 785,716,440 20,949,602 35,999,779 14,004,291 61,962,571 41,069,552 1,117,069,387

Charge for the year 18,966,366 44,736,336 1,457,254 2,948,194 1,345,541 4,029,520 6,512,539 79,995,749
Deductions (880,655) -880,655
Assets held for sale -
As at 30th Sept 2018 - 176,333,517 830,452,776 22,406,856 38,947,973 14,469,177 65,992,091 47,582,091 1,196,184,481

Net Block
As at 30th Sept 2018 425,066,698 1,090,987,266 928,058,288 13,379,510 41,805,273 7,924,981 21,592,401 27,433,748 2,556,248,164
As at 31st March 2018 425,066,698 1,049,329,091 599,996,430 13,493,201 41,562,266 10,588,937 23,358,173 26,613,897 2,190,008,692

2. Intangible Assets
Computer Web site Design & Total
Soft ware Drawings
Rs. Rs. Rs. Rs.
Gross Block
As at 1st April 2017 164,619,580 2,622,300 82,791,261 250,033,141
Additions 20,903,691 - - 20,903,691
Deductions -
As at 31st March 2018 185,523,271 2,622,300 82,791,261 270,936,832

Additions 6,058,760 - - 6,058,760

Deductions - - - -
As at 30th Sept 2018 191,582,031 2,622,300 82,791,261 276,995,592

Depreciation
As at 1st April 2017 132,610,318 2,059,853 62,504,760 197,174,931
Charge for the year 18,523,162 410,538 7,763,789 26,697,489
Deductions
As at 31st March 2018 151,133,480 2,470,391 70,268,549 223,872,420

Charge for the year 10,469,089 135,383 3,411,191 14,015,663

Deductions - - - -
As at 30th Sept 2018 161,602,569 2,605,774 73,679,740 237,888,082

Net Block
As at 30th Sept 2018 29,979,462 16,526 9,111,521 39,107,510
As at 31st March 2018 34,389,791 151,909 12,522,712 47,064,412
Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

3. Financial Assets - (i) Investments

Non-current Current
Audited for the
Unaudited three months ending Unaudited three months ending
year ended
30 Sept 2018 30 Sept 2017 31 March 2018 30 Sept 2018 30 Sept 2017
Rs. Rs. Rs. Rs. Rs.
Trade Investments at cost (unquoted)
Fully paid up shares in Subsidiary Companies
8,000,001 (8,000,001) Equity shares of ` 10/- each of GE Triveni
80,000,010 80,000,010 80,000,010
Limited

Current Investments at lower of cost or fair value (unquoted)

Investments in mutual funds 150,563,437 341,328,328

80,000,010 80,000,010 80,000,010 150,563,437 341,328,328

4. Financial Assets - (ii) Trade receivables

Non-current Current
Audited for the
Unaudited three months ending Unaudited three months ending
year ended
30 Sept 2018 30 Sept 2017 31 March 2018 30 Sept 2018 30 Sept 2017
Rs. Rs. Rs. Rs. Rs.
Unsecured, considered good unless otherwise stated
Outstanding for a period exceeding six months from the date they are
-
due for payment
Considered Doubtful - 38,717,945 37,590,706
- 38,717,945 37,590,706
Less : Allowance for Doubtful Debts - 38,717,945 37,590,706
(A) - -

Other receivables (B) 12,955,555 13,019,586 12,421,537 1,699,301,306 1,540,478,860

Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

(A)+(B) 12,955,555 13,019,586 12,421,537 1,699,301,306 1,540,478,860

Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

5. Financial Assets - (iii) Loans

Non-current Current
Audited for the
Unaudited three months ending Unaudited three months ending
year ended
30 Sept 2018 30 Sept 2017 31 March 2018 30 Sept 2018 30 Sept 2017
Rs. Rs. Rs. Rs. Rs.
Unsecured, considered good unless otherwise stated
Loan to employees at amortised cost 213,657 362,796 219,113 1,078,160 1,399,174
213,657 362,796 219,113 1,078,160 1,399,174

Other Financial Assets

Non-current Current
Audited for the
Unaudited three months ending Unaudited three months ending
year ended
30 Sept 2018 30 Sept 2017 31 March 2018 30 Sept 2018 30 Sept 2017
Rs. Rs. Rs. Rs. Rs.
Unsecured, considered good unless otherwise stated
Security Deposit 5,864,222 5,344,702 5,824,702 257,200 760,000
Earnest money deposit - 5,935,400 1,310,000
Amount recoverable from hedging banks - -
Derivative Assets - -
Unbilled revenue from service contracts 31,388,412 -
5,864,222 5,344,702 5,824,702 37,581,012 2,070,000

6. Other assets
Non-current Current
Audited for the
Unaudited three months ending Unaudited three months ending
year ended
30 Sept 2018 30 Sept 2017 31 March 2018 30 Sept 2018 30 Sept 2017
Rs. Rs. Rs. Rs. Rs.
Unsecured, considered good unless otherwise stated
Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018
Capital advances 8,754,406 43,133,812 9,635,271
Prepaid expenses 818,702 1,088,184 949,118 17,092,231 14,713,504
Advances to suppliers 147,871,821 123,863,646
Advances to Employees
Service tax recoverable 1,780,835 4,843,459 1,268,136 1,472,887 19,413,368
Excise duty (Cenvat Balance) 1,170,862 118,157,288
Excise duty recoverable 86,783 86,783 86,783 6,004,038 332,724
Works contract tax recoverable 2,379,398 2,379,398 2,379,398 - -
VAT/GST recoverable 132,001,512 - 534,723,177 160,676,794
Contract revenue adjustment account - 4,519,006 13,891,546
Duty Drawback receivable - 29,728,090 25,925,548
Incentive recoverable - 44,190,295 43,111,813
Interest accrued on Fixed Deposits with banks - - -
13,820,124 183,533,148 14,318,706 786,772,407 520,086,231
Less : Provision for Doubtful Advances 13,875,538
13,820,124 183,533,148 14,318,706 772,896,869 520,086,231
Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

7. Income tax Assets

Non-current Current
Audited for the
Unaudited three months ending Unaudited three months ending
year ended
30 Sept 2018 30 Sept 2017 31 March 2018 30 Sept 2018 30 Sept 2017
Rs. Rs. Rs. Rs. Rs.
Tax deducted at source 23,623,813 8,810,437 15,022,069
23,623,813 8,810,437 15,022,069 - -

7. Inventories
Non-current Current
Audited for the
Unaudited three months ending Unaudited three months ending
year ended
30 Sept 2018 30 Sept 2017 31 March 2018 30 Sept 2018 30 Sept 2017
Rs. Rs. Rs. Rs. Rs.
(valued at lower of cost and net realisable value)
Raw material and components [includes stock in transit Rs.7,651,800,
- 1,239,481,352 801,248,006
31-Mar-2018: Rs,5,771,000)]
Work-in-progress - 932,687,058 538,967,204
Finished goods [Includes stock in transit Rs.Nil,
- 77,512,862 21,000,000
31-Mar-2018: Rs, Nil)]
Stores & Spares - - -
Patterns - - -
Tools, Jigs & Fixtures - - -
Scrap - 118,050 27,856
- - - 2,249,799,322 1,361,243,066

Less: Provision for non-moving & slow moving inventory - (27,247,808) (19,567,500)
- - - 2,222,551,514 1,341,675,566

8. Financial Assets - (iv) Cash and cash equivalents

Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018
Non-current Current
Audited for the
Unaudited three months ending Unaudited three months ending
year ended
30 Sept 2018 30 Sept 2017 31 March 2018 30 Sept 2018 30 Sept 2017
Rs. Rs. Rs. Rs. Rs.
Balance with banks:
Current accounts - 54,069,764 9,486,786
Cash credit accounts - 48,020,296 34,332,182
Cheques / drafts on hand - - 73,455
Cash on hand - 104,730 198,279
Fixed Deposit with bank - -
- - - 102,194,790 44,090,702
ent
Audited for the
year ended
31-Mar-18
Rs.

90,628,039

90,628,039

ent
Audited for the
year ended
31-Mar-18
Rs.

36,649,687
36,649,687
36,649,687
-

2,058,082,537
2,058,082,537
ent
Audited for the
year ended
31-Mar-18
Rs.

2,197,331
2,197,331

ent
Audited for the
year ended
31-Mar-18
Rs.

280,000
5,425,000
12,503,508
-
8,812,277
27,020,785

ent
Audited for the
year ended
31-Mar-18
Rs.
 16,990,447
118,735,854

5,048,210
1,800,656
2,376,190
-
350,621,915
4,519,006
25,351,749
74,069,925
134,941
599,648,893
14,504,510
585,144,383
ent
Audited for the
year ended
31-Mar-18
Rs.

ent
Audited for the
year ended
31-Mar-18
Rs.

1,082,124,217

752,178,505

-
-
-
45,130
1,834,347,852

(27,247,808)
1,807,100,044
ent
Audited for the
year ended
31-Mar-18
Rs.

18,129,611
20,748,806
-
211,385
9,553,954
48,643,756
Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

9. Financial liabilities - (i) Borrowings

Non-current Current
Audited for the
Unaudited three months ending Unaudited three months ending
year ended
30 Sept 2018 30 Sept 2017 31 March 2018 30 Sept 2018 30 Sept 2017
Rs. Rs. Rs. Rs. Rs.
Secured
Term loan from other parties
Vehicle loans 206,107 1,822,427 505,500 589,729 1,325,477

206,107 1,822,427 505,500 589,729 1,325,477

Less: Amount disclosed as current maturities of long term
- 589,729 1,325,477
debts under the head "Other financial liabilities"
206,107 1,822,427 505,500 - -

Details of Securities & other Terms

Total Loan
Name of the Bank/Others
Outstanding
1.Kotak Mahindra Prime Ltd 795,836 3,147,904 1,068,863

(1,068,863)

figures in bracket relate to the previous year

10. Financial liabilities - (ii) Trade payables

Non-current Current
Audited for the
Unaudited three months ending Unaudited three months ending
year ended
30 Sept 2018 30 Sept 2017 31 March 2018 30 Sept 2018 30 Sept 2017
Rs. Rs. Rs. Rs. Rs.
Trade Payables - 1,336,281,665 1,024,683,020
Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018
- - 1,336,281,665 1,024,683,020
Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

11. Financial liabilities - (iii) Other financial liabilities

Non-current Current
Audited for the
Unaudited three months ending Unaudited three months ending
year ended
30 Sept 2018 30 Sept 2017 31 March 2018 30 Sept 2018 30 Sept 2017
Rs. Rs. Rs. Rs. Rs.
Current maturities of long term debt - 589,729 1,325,477
Interest accrued but not due on borrowings - 6,282 28,643
Capital Creditors 34,227,254 10,777,721
Employee benefits & other dues 149,645,977 14,606,139
Security Deposits -
Derivative liabilities 69,599,554 8,289,133
- - - 254,068,796 35,027,113

12. Provisions
Non-current Current
Audited for the
Unaudited three months ending Unaudited three months ending
year ended
30 Sept 2018 30 Sept 2017 31 March 2018 30 Sept 2018 30 Sept 2017
Rs. Rs. Rs. Rs. Rs.
Provision for employee benefits
Gratuity (refer note ) 14,255,196 29,870,661 11,318,438 -
Compensated absences (refer note ) - 27,516,652 27,362,144 5,614,725
Retention Bonus 5,771,000 5,326,000 6,547,000 6,102,000 6,969,000
20,026,196 62,713,313 17,865,438 33,464,144 12,583,725
Other provisions
Warranties 24,000,000 16,436,000 19,644,000 32,834,588 40,519,285
Liquidated Damages - 15,922,341 14,442,001
Corporate Social Responsibility - 1,386,000 6,429,000
24,000,000 16,436,000 19,644,000 50,142,929 61,390,286
Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018
44,026,196 79,149,313 37,509,438 83,607,073 73,974,011
Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

13. Other liabilities

Non-current Current
Audited for the
Unaudited three months ending Unaudited three months ending
year ended
30 Sept 2018 30 Sept 2017 31 March 2018 30 Sept 2018 30 Sept 2017
Rs. Rs. Rs. Rs. Rs.
Advance from Customers - 1,240,936,886 1,115,215,528
Revenue received in advance
Construction contracts - 1,807,990 46,002,220
Service contracts - 34,885,171 6,972,618
Statutory dues relating to employees - 8,163,283 9,389,512
Indirect Taxes & Duties payable - 891,268 1,449,685
Excise duty on closing stock - - -
Tax deducted at source payable - 11,280,468 8,123,197
Security Deposit Received - - -
Deferred premium on foreign exchange forward contracts - - -
Other Interest payable - - -
Other Payables - - -
Amount payable to hedging bank 3,810,014 160,871
- 1,301,775,080 1,187,313,631
nt
Audited for the
year ended
31-Mar-18
Rs.

563,363

563,363

563,363

Rate of Interest

At fixed rates
ranging from 9.93
% to 11.96% p.a.

nt
Audited for the
year ended
31-Mar-18
Rs.
1,441,307,144
1,441,307,144
nt
Audited for the
year ended
31-Mar-18
Rs.
563,363
8,491
12,495,506
67,638,312

8,675,733
89,381,405

nt
Audited for the
year ended
31-Mar-18
Rs.

-
25,723,719
6,955,000
32,678,719

42,126,285
12,844,501
109,079
55,079,865
87,758,584
nt
Audited for the
year ended
31-Mar-18
Rs.
1,023,714,483

46,013,350
30,209,656
6,304,581
1,129,072
-
19,534,694
-
-
-
-
-
1,126,905,836
Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

14. Revenue from Operations

Particulars Unaudited three months ending

30 Sept 2018 30 Sept 2017

Rs. Rs.
Sale of products
Finished goods
Turbines (including related equipments and supplies) 2,568,876,557 2,041,003,481
Spares 824,925,938 861,512,978

Sale of Services
Servicing, operation and maintenance 288,208,830 292,340,536
Erection and commissioning 54,810,586 62,577,559

Contract Revenue 44,205,360 71,484,914

Other operating Revenue

Sale of scrap 2,325,843 3,010,591
Selling commission received -
Royalty 2,939,025
Export incentives - Focus license scheme 32,920,158 23,499,779
Customs duty drawback 39,765,949 27,017,351
3,858,978,246 3,382,447,189
Less : Excise Duty - (22,242,650)
3,858,978,246 3,360,204,539

15. Other Income

Particulars Unaudited three months ending

30 Sept 2018 30 Sept 2017

Rs. Rs.
Profit on sale/redemption of current investment 8,310,399 11,132,352
Net fair value gains/(losses) on investments 158,359 1,210,158
Rent received 3,800,000 3,768,000
Interest income
Bank Deposits -
Customers 952,920 2,161,774
Others - -
Exchange fluctuation gains * (net) 72,503,633 4,870,702
Discount on foreign exchange forward cover contracts - -
Provision of liquidated damages reversed (net) 4,000,000 -
350200
Provision of cost to completion for earlier year reversed - -
Discount received from suppliers 454,952 710,811
Excess provision of expenses and credit balances written back 1,270,962 -
Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

Miscellaneous Income 6,075,226 3,613,333

97,526,451 27,817,330
Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

16. Cost of materials consumed

Particulars Unaudited three months ending

30 Sept 2018 30 Sept 2017

Rs. Rs.
Stock at Commencement 1,082,124,217 646,059,471
Purchases 2,454,244,052 1,701,410,889
3,536,368,269 2,347,470,360
Less: Stock at close 1,239,481,352 801,248,006
2,296,886,917 1,546,222,354

17. Changes in inventories of finished goods, Stock-in-Trade and work-in-progress

Particulars Unaudited three months ending

30 Sept 2018 30 Sept 2017

Rs. Rs.
Stock at commencement
- Work in Progress (Turbines) 752,178,505 752,378,771
- Finished goods (Turbines) - 79,738,155
752,178,505 832,116,926
Stock at close
- Work in Progress (Turbines) 932,687,058 538,967,204
- Finished goods (Turbines) 77,512,862 21,000,000
1,010,199,920 559,967,204
Add/(Less): Impact of excise duty on finished goods - (10,077,500)
(258,021,415) 262,072,222

18. Employee benefits expense

Particulars Unaudited three months ending

30 Sept 2018 30 Sept 2017

Rs. Rs.
Salaries, wages and bonus 407,660,128 356,087,724
Contribution to provident fund & other funds 20,319,999 19,264,920
Gratuity 5,739,018 5,616,290
Employee welfare 19,848,607 15,716,223
453,567,752 396,685,157
Less:Amount capitalised - -
453,567,752 396,685,157

19. Finance costs

Particulars Unaudited three months ending

30 Sept 2018 30 Sept 2017

Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

Rs. Rs.
Interest expense 476,010 1,107,923
Other borrowing costs 0 1,076,250
476,010 2,184,173
Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

20. Depreciation and amortisation expense

Particulars Unaudited three months ending

30 Sept 2018 30 Sept 2017

Rs. Rs.
Depreciation of tangible assets 79,995,751 77,774,423
Amortisation of intangible assets 14,015,663 11,547,305
Less:Amount capitalised -
94,011,414 89,321,728

21. Other expenses

Particulars Unaudited three months ending

30 Sept 2018 30 Sept 2017

Rs. Rs.
Stores,spares and tools consumed 94,344,853 57,760,693
Power and fuel 20,395,877 17,676,145
Design and engineering charges 3,271,000 2,000,000
Repairs and maintenance
- Machinery 11,091,694 16,653,718
- Buildings 3,554,990 9,392,066
- Others 22,099,258 10,372,332
Travelling and conveyance 78,283,981 72,904,209
Rent and hire charges 6,152,305 4,382,299
Rates and taxes 1,738,812 2,370,090
Insurance 4,430,363 3,822,250
Certification & Consultation 35,903,180 28,849,033
Group shared service cost 18,750,000 24,114,000
Bank charges and guarantee charges 8,223,389 8,236,176
Bad Debt and Amounts Written Off 2,002,927 -
Provision for doubtful debts and advances written back 2,700,150 -
Exchange fluctuation - -
Warranty expenses [Includes provision for warranty (net of reversals) of
4,413,685 13,653,086
` 25,131,721/- (Previous year: ` 13,903,838/-)] (Refer Note No.6)
Provision for liquidated damages - 2,160,000
Payment to Auditors 1,662,690 1,603,070
CSR expenses 7,028,117 10,606,613
Provision for non moving inventory - -
Loss on sale/write off of assets 891,506 2,168,375
Allowance for Bad & Doubtful debts - -
Provision for Expected Credit Loss - -
Packing Expenses 33,979,673 20,097,318
Freight outward 82,314,506 55,725,591
Selling commission 52,591,528 15,589,665
Marketing support expenses and incentives 93,599,959 58,874,473
Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

Miscellaneous expenses 59,858,451 57,061,315

649,282,894 496,072,517
Less:Amount capitalised -
649,282,894 496,072,517
Audited for the
year ended
31 March 2018
Rs.

4,719,224,737
1,736,817,231

598,011,884
143,976,643

94,855,374

4,401,241
-
1,640,490.00
77,766,844
54,718,921
7,431,413,365
(22,242,650)
7,409,170,715

Audited for the

year ended
31 March 2018
Rs.
22,053,996
286,908
7,536,000

149,935
1,563,725
-
40,659,721
-
-

-
1,911,196
9,073,311
 4,711,569
87,946,361
Audited for the
year ended
31 March 2018
Rs.
646,059,471
4,219,823,608
4,865,883,079
1,082,124,217
3,783,758,862

Audited for the

year ended
31 March 2018
Rs.

752,378,771
79,738,155
832,116,926

752,178,505
-
752,178,505
(10,077,500)
69,860,921

Audited for the

year ended
31 March 2018
Rs.
706,707,959
40,929,575
11,478,037
37,089,560
796,205,131
-
796,205,131

Audited for the

year ended
31 March 2018
Rs.
1,103,824
1,126,250
2,230,074
Audited for the
year ended
31 March 2018
Rs.
161,063,558
26,697,489
-
187,761,047

Audited for the

year ended
31 March 2018
Rs.
136,541,693
34,921,686
8,924,000

31,798,603
14,928,528
22,747,967
169,086,220
10,955,234
4,154,428
10,629,309
61,030,602
43,416,000
16,455,579
9,527,954
14,628,987
-

42,709,577

11,510,738
3,053,260
11,117,209
7,680,308
4,225,495
-
412,197
43,477,793
131,190,403
59,094,913
131,295,250
 111,992,918
1,147,506,851
-
1,147,506,851
Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

Particulars
Unaudited three months ending

30 Sept 2018 30 Sept 2017

Rs. Rs.
Raw Material & Components
Bought out 606,942,031 410,138,325
Casting - Ferrous 143,261,989 84,701,664
Casting - Non Ferrous 3,295,698 3,271,971
Forgings 117,693,787 78,847,508
General stores 25,443,191 18,652,972
Imported material 233,538,502 144,028,229
Iron and steel 1,760,268 1,817,335
Pipe and pipe fittings 66,841,781 39,475,590
Tool and alloy steel 18,209,460 17,883,557
Non Ferrous Metals 704,995 54,255
Goods in transit 21,789,650 2,376,600
1,239,481,352 801,248,006

Cash on hand
Cash Imprest - Mumbai 14,448 41,033
Postage Imprest at Bangalore 5,261 5,461
Postage Imprest at Delhi - -
Cash in hand - Bangalore 10,544 117,121
Cash Imprest - Banglore - -
Cash in hand - Delhi 41,634 6,405
Cash in hand - Pune 13,740 14,632
Cash in hand - Hyderabad 9,159 699
Cash in hand - Naini 5,958 9,180
Cash In Hand - Sompura 3,986 3,748
104,730 198,279

Balances with banks

Current accounts
State Bank of India -Bangalore 5,878,365 840,932
Axis Bank Ltd - Bangalore 31,213,872 1,794,774
Axis Bank Ltd - Noida 520,354 447,061
HDFC Bank Ltd - Bangalore 2,742,709 1,125,389
Union Bank of India - Bangalore 69,842 73,677
Yes Bank Ltd - Bangalore 2,005,811 4,208,239
Standard Chartered Bank - Bangalore 6,167,561 996,715
Indus-Ind Bank - Bangalore 5,124,813
Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

Particulars
Unaudited three months ending

30 Sept 2018 30 Sept 2017

Rs. Rs.
Barclays Bank - Bangalore 346,438 -
54,069,764 9,486,786
Cash credit accounts
Cash Credit Account - Punjab National Bank 6,077,798 13,983,141
Cash Credit Account - Industrial Development Bank of India 1,406,469 2,671,078
Cash Credit Account - Axis Bank Ltd 40,502,868 17,644,802
Working Capital Demand Loan -Punjab National Bank 33,161 33,161
48,020,296 34,332,182
Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

Particulars
Unaudited three months ending

30 Sept 2018 30 Sept 2017

Rs. Rs.

Stores, Spares & Tools consumed

Tools consumed 23,799,590 21,766,625
Indirect material consumed 55,305,793 24,295,741
Patterns written off 3,608,690 1,856,870
Workshop expenses 10,696,082 9,270,177
Material testing charges 934,699 571,279
94,344,853 57,760,693

Salaries, wages and bonus

Salaries & Wages 377,825,990 321,840,120
Bonus 7,840,135 7,846,948
Short Term Leave-PL 1,321,508 663,784
Short Term Leave-CL 4,053 24,034
Short Term Leave-S L - (305,808)
Long Term Leave-PL 302,784 2,888,328
Long Term Leave-S L 1,106,744 1,989,086
Apprentice Stipend 21,600 121,651
Overtime Wages 14,383,154 11,602,050
Leave Travel Concession 2,858,530 4,063,662
Medical Expenses - Reimbursement 1,995,631 5,353,869
Less: Salary of employees for CSR administration -
407,660,128 356,087,724

Contribution to provident fund & other funds

Contribution to Provident Fund 15,572,979 14,594,631
P.F. Administration & DLI inspection Charges 724,555 871,798
Contribution to Labour Welfare Fund - -
Contribution to ESI 568,043 390,386
Contribution to Super Annuation Fund 3,454,422 3,408,105
20,319,999 19,264,920

Employee welfare expenses

Medical Expenses 105,076 28,861
Employees Welfare 19,743,531 15,687,362
Contribution to Group Term Insurance -
19,848,607 15,716,223
Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

Particulars
Unaudited three months ending

30 Sept 2018 30 Sept 2017

Rs. Rs.
Travelling & Conveyance
Domestic 27,978,018 27,761,090
Foreign 34,532,983 37,628,598
Conveyance 2,257,621 756,370
Motor car hire 4,853,279 2,824,132
Domestic - Directors 2,379,092 1,068,133
Foreign - Directors 6,282,988 2,865,886
78,283,981 72,904,209

Interest expense
Interest on cash credit 33,498 -
Interest - Vehicles 46,808 193,628
Interest Paid Others 395,704 914,295
476,010 1,107,923

Miscellaneous Expenses
Advertisement 1,089,322 1,710,696
Books, Newspapers & Periodicals 57,092 116,605
Charity & Donation - -
Computer Expenses 16,241,659 11,191,825
Entertainment 767,112 574,034
Exhibition expenses 10,945,155 6,206,825
Ex gratia to the family of decesed employee - -
Gardening expenses 1,029,131 2,593,897
Guest house expenses 24,702 32,949
Internal Audit fee 775,000 775,000
ISO / EMS Acredition/CII Excellance award - -
Motor Car - Maintenance 184,985 560,471
Motor Car - Running 3,295,512 3,052,109
Office Expenses 2,343,000 13,080
Penalty - 204,828
Personnel recruitment expenses 3,686,928 4,388,167
Pooja expenses - 538,918
Postage, Courier & Internet charges 3,419,604 2,265,683
Printing & Stationery 3,260,641 3,002,574
Sales promotion 899,567 1,320,221
Security service charges 6,943,170 6,172,078
Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

Particulars
Unaudited three months ending

30 Sept 2018 30 Sept 2017

Rs. Rs.
Seminar expenses 69,831 580,000
Subscription 590,681 2,916,280
Telephone Charges 1,525,498 3,003,892
Training & Orientation 1,878,445 1,577,202
VAT /Service tax paid 219,750 3,611,443
Water & Electricity charges 611,667 652,538
Software Expenses - -
EMS Certification - -
Research & Developmt - -
59,858,451 57,061,315
Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

Particulars
Unaudited three months ending

30 Sept 2018 30 Sept 2017

Rs. Rs.

Sale of products
Turbine
Turbine (Indigenous) 618,802,393 794,669,000
Turbine (Exports) 1,244,157,524 717,564,124
Excise duty on turbines 6,416,913
1,862,959,917 1,518,650,037
Alternators & Bought outs (Indigenous) 334,612,012 258,659,414
Alternators & Bought outs (exports) 371,304,628 283,411,278
Contract revenue (19,717,247)
705,916,640 522,353,444

2,568,876,557 2,041,003,481
Spares
Spares (Indigenous) 345,043,311 365,146,296
Spares (Exports) 385,641,804 231,417,709
Spares with main contract (Indigenous) 32,025,531 48,380,799
Spares with main contract (Exports) 62,215,292 201,942,438
Excise duty on spares - 15,825,737
Contract revenue (Vizag) (1,200,000)
824,925,938 861,512,978

Sale of services
Erection & commissioning
Erection & Commission charges (Indigenous) 12,512,007 29,288,243
Erection & Commission charges (Exports) 42,298,579 36,968,797
Contract revenue (Vizag) (3,679,481)
54,810,586 62,577,559
Servicing
Servicing (Indigenous) 127,154,707 104,504,861
Servicing (Exports) 19,587,003 65,194,961
Repair charges 87,368,006 71,598,527
Operation maintenance charges 54,099,114 51,042,187
Contract revenue (Vizag) -
288,208,830 292,340,536

Turnkey Project Revenue

Triveni Turbine Limited
Bangalore Unit, Bangalore
Notes to Financial Statements for the period ended 30th September 2018

Particulars
Unaudited three months ending

30 Sept 2018 30 Sept 2017

Rs. Rs.
Project Revenue- BSP - 1,667,074
Project Revenue- Vizag 44,205,360 69,817,840
44,205,360 71,484,914
Audited for the
year ended
31 March 2018
Rs.

576,734,185
111,982,615
3,822,868
111,743,268
33,938,227
154,765,561
1,337,650
62,829,616
18,961,866
237,361
5,771,000
1,082,124,217

29,639
2,606
-
108,782
-
45,465
10,144
8,418
-
6,331
211,385

2,079,865
2,786,629
620,513
1,563,962
71,022
8,033,678
1,988,231
985,711
Audited for the
year ended
31 March 2018
Rs.
-
18,129,611

6,062,167
1,384,538
13,268,939
33,161
20,748,806
Audited for the
year ended
31 March 2018
Rs.

44,881,878
59,023,675
9,595,985
21,513,723
1,526,433
136,541,693

637,616,817
15,788,341
620,407
99,446
(305,808)
(605,566)
20,159
249,279
32,853,585
9,674,772
10,696,527
-
706,707,959

31,038,183
1,729,863
6,120
1,039,226
7,116,183
40,929,575

61,868
37,027,692
-
37,089,560
Audited for the
year ended
31 March 2018
Rs.

58,293,467
90,372,357
3,119,278
6,957,598
4,794,670
5,548,850
169,086,220

-
145,546
958,278
1,103,824

2,989,755
249,954
20,000
23,500,004
1,569,830
11,734,850
-
3,835,979
75,829
1,550,000
-
1,315,624
7,511,298
13,080
204,828
6,505,058
781,075
5,756,910
7,574,423
4,652,840
12,416,087
Audited for the
year ended
31 March 2018
Rs.
755,845
3,761,186
5,466,020
3,579,611
4,742,690
1,230,228
-
199,915
-
111,992,918
Audited for the
year ended
31 March 2018
Rs.

1,855,010,300
1,506,050,764
6,416,913
3,367,477,977
711,379,135
663,604,873
(23,237,247)
1,351,746,760

4,719,224,737

786,886,070
443,500,912
192,085,705
302,318,809
15,825,737
(3,800,000)
1,736,817,231

70,768,525
87,488,600
(14,280,481)
143,976,643

233,004,041
133,190,852
125,134,457
114,676,785
(7,994,250)
598,011,884
Audited for the
year ended
31 March 2018
Rs.
333,414
94,521,960
94,855,374
GL Text Category Heading
140000 Bought Out Component Assets Inventories
140001 Castings-Ferrous Assets Inventories
140002 Castings -Non-ferrou Assets Inventories
140003 Forgings Assets Inventories
140004 General Stores Assets Inventories
140005 Imported Material Assets Inventories
140006 Iron & Steel Assets Inventories
140007 Naini Items Assets Inventories
140008 Pipes & Pipe Fittin Assets Inventories
140009 Tools & Alloy Steels Assets Inventories
140010 Non Ferrous Metals Assets Inventories
140011 Goods in Transit Assets Inventories
140201 Tools & Equipments Assets Inventories
140300 Patterns Assets Inventories
140400 Scrap in Hand Assets Inventories
140500 Work In Progress Assets Inventories
140600 Semi Finished Goods Assets Inventories
140700 Finished Goods Assets Inventories
140801 Stock in Transit-FG Assets Inventories
140100 Welding Materials Assets Inventories
140101 Works Maintenance Assets Inventories
140102 Electrical Material Assets Inventories
140200 Tools Consumable Assets Inventories
231001 Non moving inventory provision Liablities Inventories
 Sub-schedule ref
Raw Material & Components
Raw Material & Components
Raw Material & Components
Raw Material & Components
Raw Material & Components
Raw Material & Components
Raw Material & Components
Raw Material & Components
Raw Material & Components
Raw Material & Components
Raw Material & Components
Raw Material & Components
Raw Material & Components
No sub-schedule
No sub-schedule
No sub-schedule
No sub-schedule
No sub-schedule
No sub-schedule
Raw Material & Components
Raw Material & Components
Raw Material & Components
Raw Material & Components
No sub-schedule
Grouping
Bought out
Casting - Ferrous
Casting - Non Ferrous
Forgings
General stores
Imported material
Iron and steel
Pipe and pipe fittings
Pipe and pipe fittings
Tool and alloy steel
Non Ferrous Metals
Goods in transit
Tools, Jigs & Fixtures
Patterns
Scrap
Work-in-progress
Work-in-progress
Work-in-progress
Finished goods [Includes stock in transit Rs.Nil,
31-Mar-2018: Rs, Nil)]
General stores
General stores
General stores
General stores
Less: Provision for non-moving & slow moving inventory
Net Balance
606,942,031
143,261,989
3,295,698
117,693,787
19,726,449
233,538,502
1,760,268
28,879,107
37,962,673
18,209,460
704,995
21,789,650
-
-
118,050
387,083,298
508,527,196
37,076,564
77,512,862
-
4,658,444
161,034
897,264
(27,247,808)

2,222,551,515
Triveni Turbine Limited
Bangalore Unit, Bangalore B/S diff alert 0.24
Trial Balance
1-Apr-2018 to 30-Sep-2018 (7,104,027,984)
GL Text Category Heading Sub-schedule ref Grouping Adj Entries Net Balance
143022 Deferred Premium a/c Liablities Other liabilities No sub-schedule Deferred premium on foreign exchange forward contracts - - -
143046 Gratuity Fund Trust Liablities Provisions No sub-schedule Gratuity (refer note ) 100,555,566 - 100,555,566
143203 Contract Rev Adj BSP Liablities Other liabilities No sub-schedule Direct link 4,519,006 - 4,519,006
143207 Contract Rev Adj viz Liablities Other liabilities No sub-schedule Direct link - 1,807,990 (1,807,990)
200700 TTL HO-Noida Liablities Head Office balance No sub-schedule HO balance - 4,106,889,794 (4,106,889,794)
200701 H O retained earning-2015 Liablities Head Office balance No sub-schedule HO balance -
200702 H O retained earning-2016 Liablities Head Office balance No sub-schedule HO balance -
220601 LOAN- VEHICLES Liablities Borrowings No sub-schedule Vehicle loans - 795,836 (795,836)
230000 Sundry Creditors Liablities Trade Payables No sub-schedule Trade Payables - 959,833,540 4,685,500 (955,148,040)
230003 CENVAT clearing -MM Liablities Trade Payables No sub-schedule Trade Payables - - -
230004 Freight clearing -MM Liablities Trade Payables No sub-schedule Trade Payables - 286,344 (286,344)
230005 Customs clearing -MM Liablities Trade Payables No sub-schedule Trade Payables - 1,499,984 (1,499,984)
230006 GR/IR-clearing - ext Liablities Trade Payables No sub-schedule Trade Payables - 88,654,201 (88,654,201)
230008 E.D. CLG (DBO) Liablities Trade Payables No sub-schedule Trade Payables -
230009 PLA on hold Liablities Other current liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230050 Sundry Crs-foreign Liablities Trade Payables No sub-schedule Trade Payables - 113,469,150 (113,469,150)
230097 AP-foreign, adjust. Liablities Trade Payables No sub-schedule Trade Payables - 4,787,114 (4,787,114)
230101 Bonus Payable Liablities Other current liabilities No sub-schedule Employee benefits & other dues - 5,626,644 (5,626,644)
230102 E.S.I. Payable Liablities Other current liabilities No sub-schedule Statutory dues relating to employees - 112,635 (112,635)
230103 E.S.I Payable -cont. Liablities Other current liabilities No sub-schedule Statutory dues relating to employees - 20,095 (20,095)
230104 PF Adm Char Payable Liablities Other current liabilities No sub-schedule Statutory dues relating to employees - 112,153 (112,153)
230106 L.I.P. Payable Liablities Other current liabilities No sub-schedule Employee benefits & other dues - 273,042 (273,042)
230108 Outstding liability Liablities Trade payables No sub-schedule Trade Payables - 250,391,146 (250,391,146)
230110 P F Payable-BLR Liablities Other current liabilities No sub-schedule Statutory dues relating to employees - 6,039,135 (6,039,135)
230114 Stipend Payable Liablities Other current liabilities No sub-schedule Employee benefits & other dues - 28,129 (28,129)
230115 O T wages payable Liablities Other current liabilities No sub-schedule Employee benefits & other dues - 2,209,790 (2,209,790)
230116 Sal Payable Liablities Other current liabilities No sub-schedule Employee benefits & other dues - 7,610,162 (7,610,162)
230117 Lab. Wlf fund payble Liablities Other current liabilities No sub-schedule Employee benefits & other dues - - -
230119 W C Tax Payabale Liablities Other current liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230120 Service Tax Payable Liablities Other current liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230121 E Cess Ser Tax Payab Liablities Other current liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230123 Sec Deposit Recd Liablities Other current liabilities No sub-schedule Security Deposit Received - - -
230124 Retention -Contracts Liablities Trade Payables No sub-schedule Trade Payables - 86,242,943 (86,242,943)
230125 Provision for Bonus Liablities Other current liabilities No sub-schedule Employee benefits & other dues - 7,840,135 (7,840,135)
230130 Short term Leave-PL Liablities Provisions No sub-schedule Compensated absences (refer note ) - 1,941,868 (1,941,868)
230131 Short term Leave-CL Liablities Provisions No sub-schedule Compensated absences (refer note ) - 45,549 (45,549)
230132 Short term Leave-SL Liablities Provisions No sub-schedule Compensated absences (refer note ) - - -
230133 Long term Leave-PL Liablities Provisions No sub-schedule Compensated absences (refer note ) - 23,672,379 (23,672,379)
230134 Long term Leave-SL Liablities Provisions No sub-schedule Compensated absences (refer note ) - 1,702,348 (1,702,348)
230135 Prov-Super annuation Liablities Other liabilities No sub-schedule Statutory dues relating to employees - 1,744,167 (1,744,167)
230136 Prov-Gratuity Liablities Long-term provisions No sub-schedule Gratuity (refer note ) - 111,579,993 (111,579,993)
230141 Krishi Kalayan Cess Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230142 Prov-Gratuity-left employees Liablities Long-term provisions No sub-schedule Gratuity (refer note ) - - -
230143 Prov-Gratuity-CMD Liablities Long-term provisions No sub-schedule Gratuity (refer note ) - 3,230,769 (3,230,769)
230144 Deferred Tax-Liabili Liablities Long-term provisions No sub-schedule Deferred tax liabilities (Net) - - -
230200 Excise Duty Payable Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230201 CST. Payable - BLR Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230231 VAT Payable - BLR Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230236 VAT Payable - A P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230240 VAT Payable-C GARH Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230241 VAT Payable-M H Liablities Other current liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230261 I T Payable Cont. Liablities Other current liabilities No sub-schedule Tax deducted at source payable - 1,700,095 (1,700,095)
230262 I T Payable -Sal Liablities Other current liabilities No sub-schedule Tax deducted at source payable - 5,754,126 (5,754,126)
230263 I T Payable-Prof. Liablities Other current liabilities No sub-schedule Tax deducted at source payable - 1,988,276 (1,988,276)
230264 I T Payable -Rent Liablities Other current liabilities No sub-schedule Tax deducted at source payable - 92,249 (92,249)
230265 P Tax Payable Liablities Other current liabilities No sub-schedule Statutory dues relating to employees - 134,450 (134,450)
230267 Entry Tax Payable Liablities Other current liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230273 CST clearing MM Liablities Trade Payables No sub-schedule Trade Payables - - -
230274 CVD clearing MM Liablities Trade Payables No sub-schedule Trade Payables - - -
230275 KST clearing MM Liablities Trade Payables No sub-schedule Trade Payables - - -
230279 Spl Addl Duty MM Liablities Trade Payables No sub-schedule Trade Payables - 170,277 (170,277)
230280 Ser Tax Payable(T) Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230281 T C S payable Liablities Other liabilities No sub-schedule Tax deducted at source payable - 1,811 (1,811)
230282 I T Payable-194A Liablities Other current liabilities No sub-schedule Tax deducted at source payable - 1,348 (1,348)
230283 I T Payable-Ex Cell Liablities Other current liabilities No sub-schedule Tax deducted at source payable - 1,520,241 (1,520,241)
230284 I T Payable-195 Liablities Other liabilities No sub-schedule Tax deducted at source payable - 222,322 (222,322)
230285 E D PROVISION OF F G Liablities Short-term provisions No sub-schedule Excise duty on closing stock -
230286 SER INCOME ADJMTS Liablities Other current liabilities No sub-schedule Service contracts - 3,496,759 (3,496,759)
230300 Adv from Customers Liablities Other current liabilities No sub-schedule Advance from Customers - 1,240,888,636 (1,240,888,636)
230301 CUSTOMER ADV-RESTAT Liablities Other current liabilities No sub-schedule Advance from Customers - 48,250 (48,250)
230400 Int accrued not due Liablities Other current liabilities No sub-schedule Interest accrued but not due on borrowings - - (6,282) (6,282)
230401 CGST-9%_KAR_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230402 SGST-9%_KAR_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230403 IGST -18 % _KAR_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230406 RCM-CGST-9%_O/P_KAR Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - 98,010 (98,010)
230407 RCM-SGST-9%_O/P_KAR Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - 98,010 (98,010)
230408 RCM-IGST-18%-O/P-KAR Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - 0 (0)
230416 RCM-CGST-9%-O/P -AP Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230417 RCM-SGST-9%-O/P -AP Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230418 RCM-IGST-18%-O/P-AP Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230421 CGST-9%_MAH_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - 4,316 (4,316)
230422 SGST-9%_MAH_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - 4,343 (4,343)
230423 IGST -18 % _MAH_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable 0 - 0
230426 RCM-CGST-9%_O/P_MAH Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230427 RCM-SGST-9%_O/P_MAH Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230431 CGST-9 % _CGH_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - 15,859 (15,859)
230432 SGST-9 % _CGH_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - 50,778 (50,778)
230433 IGST -18 % _CGH_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230436 RCM-CGST-9%_O/P_CGH Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230437 RCM-SGST-9%_O/P_CGH Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230600 CGST-2.5 % _KAR_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230601 SGST -2.5%_KAR_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230612 RCM-CGST-2.5%_O/P-KA Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - 280,501 (280,501)
230613 RCM-SGST-2.5%_O/P-KA Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - 280,501 (280,501)
230614 RCM-IGST-5%_OP-KAR Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230621 RCM-CGST-2.5%_O/P-CG Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230622 RCM-SGST-2.5%_O/P-CG Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230714 RCM-IGST-12%_O/P-KAR Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230824 SGST-9%_UP_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230825 CGST-9%_UP_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230826 IGST-18%_UP_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230827 RCM-SGST-2.5%_UP_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230828 RCM-CGST-2.5%_UP_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230833 RCM-SGST-9%_UP_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230834 RCM-CGST-9%_UP_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230835 RCM-IGST-18%_UP_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230841 IGST-0.10%_KA_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230845 SGST-9 % _WG_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230846 CGST-9 % _WG_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - - -
230851 SGST-9 % _GJ_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - 29,475 (29,475)
230852 CGST-9 % _GJ_O/P Liablities Other liabilities No sub-schedule Indirect Taxes & Duties payable - 29,475 (29,475)
231001 Non moving inventory provision Liablities Inventories No sub-schedule Less: Provision for non-moving & slow moving inventory - 27,247,808 (27,247,808)
231002 Pro. for L.D Liablities Short-term provisions No sub-schedule Liquidated Damages - 15,922,341 (15,922,341)
231003 Prov -cost of comple Liablities Short-term provisions No sub-schedule - - -
231004 Prov -Warranty Liablities Short term Provisions and long No sub-schedule Warranties - 56,834,588 (56,834,588)
231005 Prov Doubtful Adv Liablities No sub-schedule Less : Provision for Doubtful Advances - 13,875,538 (13,875,538)
230118 DLI Ins Char Payable Liablities Other liabilities No sub-schedule Statutory dues relating to employees - 648 (648)
230137 Loss in Derivatives Liablities Other liabilities No sub-schedule Derivative liabilities - 49,352,404 (49,352,404)
230140 Prov-CSR Exp Liablities Other liabilities No sub-schedule Corporate Social Responsibility - 1,386,000 (1,386,000)
230145 Provision for ECL Liablities Other liabilities No sub-schedule Less : Allowance for Doubtful Debts - 3,805,304 (3,805,304)

0.00
 -
Reclassification entries
Particulars Impact Debit Credit Remarks
1 Trade payables B/S 122,598,975.00
To Employee benefits & other dues B/S 122,598,975.00
(employee related payables appearing in trade payables reclassified)

2 Advance to suppliers B/S 4,331,695.00

To Trade payables B/S 4,331,695.00
(negative balance in trade payables reclassified)

3 Trade receivables - other receivables (non current) B/S 12,955,555.00

Trade receivables - other receivables (non current) B/S
Trade receivables > 6 months (current) B/S
To Trade receivables B/S 12,955,555.00

4 Capital advances B/S 8,754,406.00

To Advances to suppliers (current) B/S 8,754,406.00
(reclassification)

5 Trade payables B/S 34,227,254.00

To capital creditors B/S 34,227,254.00

6 Project Revenue- BSP P/L

To Project Revenue- Vizag P/L -
(Bifurcation of Sales Civil into BSP & VSP)

7 Trade payables BS 11,873,000.00

To Retention Bonus BS 11,873,000.00

Entries to be passed:

1 Inc/dec in WIP (409002) PL 4,128,000

To Work in progress (140500) BS 4,128,000
(Being adj entry for over recovery of ohs)

2 Hedge Reserve (407027) BS 55,251,544 106,532,416

Foreign Ex.Fluctuation A/c (Exps) (347000) PL 7,612,841 56,215,050
Sale of Turbine (400002) PL 42,704,524 7,612,841
To Foreign Ex. Forward contract(Derivative asset) (143124) BS 105,568,909 42,704,524
(Bg. Hedge accounting entries for Sep 18)

3 Foreign Ex.Forward contract(Derivative Asset) (143124) BS 65,338,268

Hedging Bank - IDBI (143047) BS 6,492,610
Hedging Bank - Yes Bank(143044) BS 40,523,576
Hedging Bank - RBL (143052) BS 13,296,281
Hedging Bank - AXIS (143043) BS 5,025,801

4 Hedging Bank - Yes Bank BS 8,173

Hedging Bank - IDBI Bank BS 14,496
Hedging Bank - Axis Bank BS 8,045
To Interest paid others PL 30,714

5 Sale of Turbine (400000) PL 10,944,000

Sale of Turbine-Exp (400002) PL 3,283,840
To Liquidated damages (351001) PL 3,700,000
To Liquidated damages (351001) 10,527,840
(Bg. LD charges netted-off with revenue)

6 Depreciation(392000) PL 37,731,106
 To Prov Dep-differentia (110017) BS 37,731,106
(Bg depreciation entry for Sep 18 Qtr)

7 Plant & Machinery(100005) BS 325,387,617

Buildings (100001) BS 24,653,278
Electrical Installation(100012) BS 10,085,974
Furniture & Fixtures(100006) BS 2,560,747
To AUC expenses (300101) BS 362,687,616

8 Interest - vehicle (360201) PL 6,282.00

To Int accrued not due (230400) BS 6,282.00
(Being interest provision for Sep 18)

9 Prov Dep-Patterns (110020) BS 697,569.00

Prov Dep-Tools (110019) BS 69,904.00
Prov Dep-Spares (110021) BS 44,501.00
To Depreciation (392000) PL 811,974.00
(Being rectification entry for depreciation on tools,patterns)

10 Sundry Creditors (230000)(102329) BS 4,685,500.00

To Advance to suppliers (143020) BS 4,685,500.00
(Bg. Advance adjusted agst bills of M/s.Cenlub Industries)
TRIVENI TURBINE LTD
MATERIAL CONSUMPTION - 30.09.2018

GL Head Amount
300000 Material con - MRS 1,044,831,790
300001 Sub contr chrgs-Site 90,852,031
300002 MIP-DrEx&MatPur site 45,008,573
300003 Matl con - DBO ( B) 606,678,325
300004 Matl con - DBO(NB) 2,817,117
300005 SubCont chrgs- Matsl 227,034,297
300006 Matl con-Tur part-TN -
300007 Sub Contract Chgs-TN -
300008 Matl con-BSP -
300009 Matl con-Tur part-MH -
300100 Carriage Inwards (19,976,267)
301000 Loss/Gainext pr diff 3,046,791
301001 Loss-ext.mat.valuatn 14,643
301002 Loss/Gain-inv dif (2,797,245)
301003 Scrap ext material 3,716,545
301005 L/G-inv.rec smldif M (97)
301006 Loss/Gain-own pr dif 8,271,547
301007 Loss-own mat.valuatn 367,643
301009 Stock trsfr expense (5,260,520)
301400 Material -MRS w/o Co 268,914,638
407012 Gain valn.ext.mat. (43,470)
407014 Gain-own mat.valuatn (45,024)
408000 Fact.output prod.ord (2,770,792,290)
409000 Inc/dec in F. Goods 1,391,855,772
409001 Inc/dec in S F Goods 1,757,387,903
409002 Inc/dec in WIP (68,165,867)
409004 Inc/Dec -F.G-Transit (58,684,940)
409005 Inv.chg.sale own prd (486,166,393)

Change in inventories 258,021,415

TOTAL 2,296,886,917
 Triveni - Bangalore
Calculation of Under/Over Recovery on WIP as on 30.09.2018
Amount in Rs.
1 Calculation of Recoverable Expenses as per Financial Ledger

LESS:Exps deducted
PARTICULARS As per Financial Accounts for AS-2 Compliance Recoverable Expenses
Manufacturing 154,757,672 22,099,258 132,658,414
Personnel (See Note 1) 453,567,753 243,730,121 209,837,632
Administration (See Note 2) 214,402,435 178,615,465 35,786,970
Depreciation and Amortisation 94,011,414 12,902,516 81,108,898
Total Recoverable Expenses 916,739,274 457,347,360 459,391,914

2 Calculation of Under Recovery

Recoverable Expenses 459,391,914

Less: Recovery as per Costing Books 474,486,172 442,253,102.00

Total Under/(Over) Recovery (15,094,258)

3 Calculation of COGM & COGS

Opening WIP & FG 752,178,505

Raw material consumed 2,296,886,917
Manufacturing 132,658,414
Personnel 209,837,632
Administration 35,786,970
Depreciation and Amortisation 81,108,898
Cost of Goods Manufactured (COGM) 3,508,457,336
Less: Closing WIP (before loading under/over recovery) 1,014,224,520
Cost of Goods Sold (COGS) 2,494,232,816

% of COGS on COGM 71.09%

Under/(Over) Recovery related to COGS - (71.1%) (10,730,811)

Under/(Over) Recovery related to Closing WIP - (28.90 ) (4,363,447)

ROUNDED OFF (4,363,000)
Less:Entry already passed
Entry to be passed (4,363,000)
Triveni - Bangalore
Amounts deductible for Inventory Valuation as per AS-2 from Personnel Cost - Apr 17 to Sep 18

Sal & Wages Bonus Overtime CO.CONT P.F ADMN MED EXPS LTA Co. cont
Cost Center %age Wages TO PF CHGS REIMB to ESI
Amount(Rs.) Amount(Rs.) Amount(Rs.) Amount(Rs.) Amount(Rs.) Amount(Rs.) Amount(Rs.)
320000 320400 320100 324000 324600 322200 322100 324200

Marketing, Servicing,
Shipping & other Cost
centers 152,858,086 4,441,154 72,811 7,619,904 493,209 116,998 1,652,305 325,285
EXECUTIVE CELL 88 20,540,625 1,351,665
FINANCE
HRD
SYSTEMS 25 364,740 5,244 18,599 1,007
TRAINING
TOTAL 173,763,451 4,446,398 72,811 8,990,168 494,216 116,998 1,652,305 325,285

177,792,047.00 4,462,131.00 72,811 9,239,061.00 497,239.01 116,998 1,652,305.00 325,285.00

85,440,000.00
Triveni - Bangalore
Amounts deductible for Inventory Valuation as per AS-2 from Administration Expenses - Apr 18 to Sep 18

Inland Foreign Local Motor Car Certification

Cost Center %age Travel-Fare Travel-Fare Conveyance Hire chgs & Consultancy
Amount(Rs.) Amount(Rs.) Amount(Rs.) Amount(Rs.) Amount(Rs.)
338100 338300 338000 338400 339300,339200

Marketing, Servicing, Shipping

& other Cost centers 20,712,897 26,036,704 361,763 3,529,501 26,823,632
EXECUTIVE CELL 88
FINANCE
HRD
SYSTEMS 25 3,362 2,114,140
TRAINING 25
TBG-COM
TOTAL 20,716,259 26,036,704 361,763 3,529,501 28,937,772

20,726,345 26,036,704 361,763.00 3,529,501 28,937,772

Triveni Turbine Limited

SCHEDULES TO ACCOUNTS

PARTICULARS UNAUDITED
FOR THE PERIOD FROM Unrecoverable % Basis
01.04.18 TO 30.09.18
Rs.
14. PERSONNEL

SALARIES & WAGES 377,825,990 173,763,451 45.99 Actual basis (cost center)

LEAVE ENCASHMENT 2,735,089 1,257,877 45.99 Same as Sal & Wages(%)

BONUS 7,840,135 4,446,398 56.71 Actual basis (cost center)

APPRENTICE STIPEND 21,600 - 0.00 Fully chargeable

OVERTIME WAGES 14,383,154 72,811 0.51 Actual basis (cost center)

- CONTRIBUTION TO PROVIDENT FUND 15,572,979 8,990,168 57.73 Actual basis (cost center)

- P.F. ADMINISTRATION CHARGES & DLI CHGS 724,555 494,216 68.21 Actual basis (cost center)

- CONTRIBUTION TO LABOUR WELFARE FUND - - - Fully chargeable

- D.L.I. INSPECTION CHARGES - 57.73 Same as P.F %

- CONTRIBUTION TO ESI 568,043 325,285 57.26 Actual basis (cost center)

- CONTRIBUTION TO SUPER ANNUATION FUND 3,454,422 1,588,700 45.99 Same as Sal & Wages(%)

GRATUITY 5,739,018 2,639,394 45.99 Same as Sal & Wages(%)

- MEDICAL EXPENSES - REIMBURSEMENT 1,995,631 116,998 5.86 Actual basis (cost center)

- FIRST AID 105,076 - - Fully chargeable

- EMPLOYEES WELFARE 19,743,531 9,080,117 45.99 Same as Sal & Wages(%)

- CONTRIBUTION TO GROUP TERM INSURANCE - - 45.99 - do -

- LEAVE TRAVEL CONCESSION 2,858,530 1,652,305 57.80 Actual basis (cost center)

- Expenses on A/C Sompura Plant -

- Expenses on A/C CSR Administration

453,567,753 204,427,721 45.07
Add: BSP Expenses considered in AS7
Total Unrecoverable expenses 204,427,721

Triveni Turbine Limited

SCHEDULES TO ACCOUNTS

PARTICULARS UNAUDITED
FOR THE PERIOD FROM Unrecoverable % Basis
01.04.18 TO 30.09.18
Rs.

15. ADMINISTRATION

TRAVELLING 27,978,018 20,716,259 74.04 Actual basis (cost center)

FOREIGN 34,532,983 26,036,704 75.40 - do -

CONVEYANCE 2,257,621 361,763 16.02 - do -

MOTOR CAR HIRE 4,853,279 3,529,501 72.72 - do -

TRAVELLING -DIRECTORS 2,379,092 2,379,092 100.00

FOREIGN -DIRECTORS 6,282,988 6,282,988 100.00

RENT 6,152,305 6,152,305 100.00

RATES & TAXES 1,738,812 1,738,812 100.00

INSURANCE 4,430,363 2,215,182 50.00 Insurance on inventory & P & M considered

GROUP SHARED SERVICE COST 18,750,000 18,750,000 100.00

PRINTING & STATIONERY 3,260,641 3,260,641 100.00

POSTAGE,COURIER & INTERNET CHARGES 3,419,604 3,419,604 100.00 - do -

TELEPHONE CHARGES 1,525,498 1,525,498 100.00 - do -

VAT /SERVICE TAX PAID 219,750 219,750 100.00

BANK CHARGES & Guarantee Commission 8,223,389 8,223,389 100.00

WATER & ELECTRICITY CHARGES 611,667 611,667 100.00

MOTOR CAR - MAINTENANCE 184,985 184,985 100.00

- RUNNING 3,295,512 3,295,512 100.00

DONATION - - 100.00

CSR EXPENSES 7,028,117 7,028,117 100.00

Books, Newspapers & Periodicals 57,092 57,092 100.00

SUBSCRIPTION 590,681 590,681 100.00

TRAINING & ORIENTATION 1,878,445 1,878,445 100.00

SEMINAR EXPENSES 69,831 69,831 100.00

GARDEN EXPENSES 1,029,131 1,029,131 100.00

SECURITY SERVICE CHARGES 6,943,170 6,943,170 100.00

POOJA EXPENSES - - 100.00

OFFICE EXPENSES 2,343,000 2,343,000 100.00

ENTERTAINMENT 767,112 767,112 100.00

PERSONNEL RECRUITMENT EXP 3,686,928 3,686,928 100.00

COMPUTER EXPENSES 16,241,659 8,612,952 53.03 Estimation

ISO / EMS ACREDITION - - 100.00

CERTIFICATION & CONSULTATION 35,903,180 28,937,772 80.60 Actual basis (cost center)

GUEST HOUSE EXPENSES 24,702 24,702 100.00

AUDITORS REMUNERATION 1,662,690 1,662,690 100.00

INTERNAL AUDIT FEE 775,000 775,000 100.00

AUDIT EXPENSES - 100.00

COST AUDIT FEES - 100.00

LOSS ON SALE OF ASSETS 891,506 891,506 100.00

BAD DEBTS/SUNDRY AMOUNT WRITTEN OFF - - 100.00

WARRANTY EXPENSES 4,413,685 4,413,685 100.00

EXCHANGE RATE FLUCTUATION - - 100.00

PROVISION FOR LIQUIDATED DAMAGES - - 100.00

Provision for Expected Credit Loss - - 100.00

NON MOVING/OBSOLETE INVENTORY WRITTEN OFF - - 100.00

PRIOR PERIOD EXPENSES - 100.00

Expenses on A/C Sompura Plant -

214,402,435 178,615,465 83.31
Add: BSP Expenses considered in AS7
Total Unrecoverable expenses 178,615,465