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150
Sixty-Seventh Annual Report 2011-2012
As at
As at
March 31,
March 31,
16. Long-term loans and advances
2012
2011
(A) Secured
(a)
Finance receivables [Note below]
-
124.67
-
124.67
(B) Unsecured
(a)
Loans to employees
43.10
46.90
(b) Loan to a Joint Venture (FIAT India Automobiles Ltd)
265.00
265.00
(c)
Loans to subsidiaries (net of provision for
impairment and doubtful loans of
`
153.95 crores
[as at March 31, 2011
`
23.95 crores])
407.51
405.28
(d) Taxes recoverable, statutory deposits and dues
from government
723.76
872.52
(e) Capital advances
163.66
259.53
(f )
Credit entitlement of Minimum Alternate Tax (MAT)
1,447.04
1,158.16
(g) Non-current income tax assets (net of provisions)
321.89
248.17
(h) Others
116.15
49.41
3,488.11
3,304.97
3,488.11
3,429.64
Note :
As at
As at
March 31,
March 31,
2012
2011
Finance receivables (Secured)
***
Vehicle loans *
Considered good
101.95
246.91
Considered doubtful
313.23
291.48
415.18
538.39
Less: Allowances for doubtful loans **
(313.23)
(291.48)
101.95
246.91
Current portion
101.95
122.24
Non-current portion
-
124.67
* Includes
`
204.84 crores
(as at March 31, 2011
`
257.07 crores)
on account of overdue securitised receivables
** Includes
`
159.50 crores
(as at March 31, 2011
`
154.57 crores)
towards securitised receivables.
*** Loans are secured against hypothecation of vehicles.
As at
As at
March 31,
March 31,
17. Other non-current assets
2012
2011
(a)
Prepaid debt issue cost
53.55
-
(b) Prepaid expenses
-
0.25
(c)
Interest accrued on deposits / loans
46.87
34.59
100.42
34.84
(
`
in crores)
NOTES FORMING PART OF FINANCIAL STATEMENTS