Avanti Feeds

Till 1 hour ago, I was in @dkirand camp on this- This big decrease in Other current liabilities is sign a worry since most of this should be Advance from Customers. And we all know, a big decrease on that front is a big sign of worry.

However, after @ashwinidamani and @ayushmit explanation, my mind asked me- Now which camp are you in, Sir?
So, I decided to check the past trends of Other Current Liabilities, Trade Payables & Advance from Customers.
And the result is – There was Reclassification (from Other current Lia to Trade payables) in March-15 Annual Report.

i.e March 14 Balance sheet numbers were reclassified in 2015 AR.

So, Sept-14 & Sept-15 Other current liabilities are not like-to-like.

Full data below-

Have captured Mar-14 numbers from both the balance sheets – AR 14 & AR 15.