Page 124 - CCL AR 2017 Final

9. STOCK-IN-TRADE
Note 2017 2016
(Rupees in ‘000)
Raw and packing material 120,557 58,633
Work-in-process 556,621 171,321
Finished goods 166,642 74,576
843,820 304,530
10. TRADE DEBTS – secured, considered good

The aging of trade debts is as follows:

Neither past due nor impaired 130,767 -

11. LOANS AND ADVANCES – considered good

Current portion of long-term loans 7 2,254 2,766
Advances to suppliers – unsecured 11.1 35,069 10,820
37,323 13,586
11.1 These advances do not carry any interest.

12. TRADE DEPOSITS AND SHORT-TERM PREPAYMENTS

Trade deposits 547 547
Short-term prepayments 11,593 7,157
12,140 7,704
12.1 Trade deposits do not carry any interest.

13. OTHER RECEIVABLES

Gratuity fund 13.1 416,946 236,432
Provident fund 13.2 - -
Sales tax adjustable 532,876 365,368
Sales tax and excise duty refundable 8,368 8,368
Insurance claims receivable 6,818 23,900
Duty drawback receivable 16,610 14,678
Others 3,412 13,631
985,030 662,377

13.1 Gratuity fund

The Company operates an approved funded gratuity scheme for all eligible employees. Actuarial valuation
of the scheme is carried out every year and the latest actuarial valuation was carried out as at June 30,
2017.

2017 2016
Gratuity fund asset:
(Rupees in ‘000)
Present value of defined benefit obligations 470,716 399,375
Fair value of plan assets (887,662) (635,807)
Asset recognised in the balance sheet (416,946) (236,432)

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