GSK_ Annual_Report_2021-22

Notes to the Consolidated Financial Statements for the year ended March 31, 2022 247 ( ` in lakhs ) As at March 31, 2021 Gross Carrying amount Expected Credit Losses Carrying amount of trade receivables (net of Expected Credit loss) Not due 142,11.27 5.01 142,06.26 Past due 0-180 days 68,65.75 61.26 68,04.49 Past due 181-365 days 96.79 31.93 64.86 Past due 366-730 days 5,97.67 1,56.96 4,40.71 Past due 731-1095 days 1,95.43 1,51.29 44.14 Past due more than 3 years 16,00.62 16,00.62 - Total 235,67.53 20,07.07 215,60.46 Liquidity risk Liquidity risk is the risk that the Group will not be able to meet its financial obligations as they become due. The Group manages its liquidity risk by ensuring, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risk to the Group’s reputation. The Group’s principal sources of liquidity are cash and cash equivalents and the cash flow that is generated from operations. The Group has no outstanding bank borrowings. The Group believes that the working capital is sufficient to meet its current requirements. Any short-term surplus cash generated, over and above the amount required for working capital management and other operational requirements, are retained as Cash and Investment in short term deposits with banks and mutual funds. The said investments are made in instruments with appropriate maturities and sufficient liquidity. As of March 31, 2022, the Group had working capital of ` 2009,60.35 lakhs, including cash and cash equivalents of ` 286,18.71 lakhs, investments in term deposits (i.e., bank certificates of deposit having original maturities of more than 3 months but less than 12 months) of ` 2179,10.00 lakhs and Current investments of ` 365,59.23 lakhs. As of March 31, 2021, the Group had working capital of ` 84805.91 lakhs, including cash and cash equivalents of ` 405,18.92 lakhs and investments in term deposits (i.e., bank certificates of deposit having original maturities of more than 3 months but less than 12 months) of ` 732,00.00 lakhs. Exposure to liquidity risk The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted, and include estimated interest payments and exclude the impact of netting agreements. ( ` in lakhs ) As at March 31, 2022 Carrying amount Contractual cash flows Total 1 year or less 1-2 years 2-5 years More than 5 years Non-derivative financial liabilities Borrowings - - - - - - Trade Payables and other payables 685,77.39 685,77.39 674,77.71 10,01.52 98.16 - Unclaimed dividends 18,28.05 18,28.05 18,28.05 - - - Security deposits received 2,05.81 2,05.81 - - 2,05.81 - Refer note 48 for remaining contractual maturities of financial lease liabilities at the reporting date