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ANNUAL REPORT 16 / 17
36. CONTINGENT LIABILITIES AND COMMITMENTS (TO THE EXTENT NOT PROVIDED FOR)
` in crores
As at As at As at
Particulars March 31, 2017 March 31, 2016 April 1, 2015
a) Contingent liabiities
In respect of excise matters 104.14 - 4.09
The above matters are subject to legal proceedings in the ordinary course of business. The legal
proceeding when ultimately concluded will not, in the opinion of management, have a material
effect on the result of operations or the financial position of the Group.
b) Commitments
Estimated amount of contracts remaining to be executed on capital account and not provided for 410.25 694.50 822.13
(Net of advances paid amounting to ` 221.19 crores (March 31, 2016 ` 342.19 crores; April 1, 2015
` 212.40 crores))
Other commitments (refer note below)
The Group has other commitments, for purchase/sales orders which are issued after considering requirements per operating cycle for purchase /sale of
goods and services, employee’s benefits including union agreement in normal course of business. The Group does not have any long term commitments or
material non-cancellable contractual commitments/contracts, which might have material impact on the financial statements.
The board of directors of the Company, which has been identified as being the chief operating decision maker (CODM), evaluates the
Group’s performance, allocate resources based on the analysis of the various performance indicator of the Group as a single unit.
Therefore, there is no reportable segment for the Group as per the requirement of IND AS 108 “Operating Segments”.
` in crores
Revenue from Operations Domestic Overseas Total
2016-17 30,286.50 671.69 30,958.19
2015-16 29,922.82 792.51 30,715.33
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