X Ltd received a revenue grant of ₹10 crores during 2011-12 from Government for welfare activities to be carried on by the company for its employees. The grant prescribed the conditions for utilization. However, during the year 2013-14, it was found that the prescribed conditions were not fulfilled and the grant should be refunded to the Government,. State how this matter will have to be dealt with in the financial statements of X Ltd for the year ended 2013-14.