Note 22

AS 1

Short-term Loans and Advances

General Instructions for Preparation of Statements

Short-term supplier advances, employee advances, and tax balances.

Short-term Loans and Advances Workings

Schedule III, Part I — Division I (Section P) — FY 2025-26

Definition

Loans and advances that are expected to be recovered within 12 months from the reporting date or within the normal operating cycle.

Recognition Criteria

Recognized when loan proceeds are disbursed or advance payments are made to suppliers, establishing a legal right of recovery or performance within 12 months.

Measurement Principles

Measured at cost less allowance for doubtful advances.