PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

173 Annual Report 2020-21 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS Particulars Year ended March 31, 2021 Year ended March 31, 2020 (Restated) Printing and stationery 68.27 100.86 Freight outward 3,833.30 2,837.86 Selling and distribution 1,251.72 1,120.72 Legal and professional fees 1,265.36 1,216.14 Travelling and conveyance 406.47 763.53 Bank charges 226.37 344.98 CSR expenses* 240.08 113.97 Allowance for doubtful advances – 160.00 Sundry balances w/off 117.45 29.53 Allowance for expected credit loss and credit impairment – 15.58 Miscellaneous expenses (net) 1,013.75 1,060.90 24,802.23 23,879.37 * Corporate Social Responsibility The Gross amount required to be spent by Group during the year towards Corporate Social responsibility (CSR) as per provision of Section 135 of Companies act 2013 amounts to Rs. 162.87 lakhs (March 31, 2020 : Rs. 125.67 lakhs). Amount spent during the year on CSR activities in note 29 of the Consolidated statement of Profit and loss as under : Particulars Year ended March 31, 2021 Year ended March 31, 2020 (Restated) Amount spend for the year Employee benefit expenses – – Expenses yet to incurred – – Other Expenses (Education, Environment, Health & Hygiene & Model village, water tank etc.) 240.08 113.97 240.08 113.97 In cash 240.08 113.97 Yet to be paid in cash – – 240.08 113.97 30 Segment information A. Factors used to identify the entity’s reportable segments, including the basis of organisation For management purpose, the Company has determined its reportable segment as “Aromatic chemicals” since the chief operating decision maker (CODM) evaluates the Company’s performance as a single segment. B. Information about reportable segments Particulars Year ended March 31, 2021 Year ended March 31, 2020 (Restated) Revenue 1,26,810.40 1,30,381.13 1,26,810.40 1,30,381.13 C. Geographic information The geographic information analyses the Group`s revenue and non-current assets by the Groups’ country of domicile and other countries. In presenting the geographical information, segment revenue has been based on the geographic location of customers and segments assets were based on the geographic location of the respective non-current assets. The product offerings which are part of the speciality chemicals portfolio of the Group`s are managed on a worldwide basis from India. (refer note 40) 29 Other expenses (continued) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended March 31, 2021 (Currency: Indian Rupees in lakhs)