During the year Inventory writedown is typically not routed through provisions. It would be adjusted in Inventory Valuations itself. So there typically is never a writeoff of Inventory Provision in financials.
In case of Avanti, provisions include –
1. Proposed dividend
2. Dividend Dist. Tax
3. Provision for tax
If they are planning a slump sale/transfer of shrimp processing unit, there would be a Capital Gain Tax for that which could affect Provision for Tax figure.
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