SUBSIDIARY COMPANIES - ITC Ltd

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2012 (Contd.)
10
RUSSELL CREDIT LIMITED
10. Non-current Investments
(At cost)
As at 31st March, 2012 As at 31st March, 2011
Long term Investment Number Value Number Value
(`) (`)
A. Trade
Investments in equity instruments
Unquoted
(i) of subsidiaries
Equity shares of ` 10/- each, of Greenacre Holdings Limited, fully paid 4,20,60,166 42,10,33,674 4,20,60,166 42,10,33,674
Equity Shares of ` 1/- each, of Wimco Limited, fully paid — — 9,12,38,170 55,02,65,126
Ordinary shares of Technico Pty Limited no par value
(ii) of associates
— — 2,26,06,065 108,72,41,115
Equity Shares of ` 10/- each, of Russell Investments Limited, fully paid
Equity Shares of ` 10/- each, of Classic Infrastructure & Development
42,75,435 4,27,56,850 42,75,435 4,27,56,850
Limited, fully paid 37,50,000 3,76,88,280 37,50,000 3,76,88,280
Equity Shares of ` 10/- each, of Divya Management Limited, fully paid 41,82,915 6,93,07,630 41,82,915 6,93,07,630
Equity Shares of ` 10/- each, of Antrang Finance Limited, fully paid
(iii) of joint venture companies
43,24,634 4,39,56,071 43,24,634 4,39,56,071
Equity Shares of ` 100/- each, of Maharaja Heritage Resorts Limited, fully paid
Quoted
(i) of associates
90,000 90,00,000 90,000 90,00,000
Equity Shares of ` 10/- each, of International Travel House Limited, fully paid
(ii) of other entities
36,26,633 21,21,58,031 36,26,633 21,21,58,031
Equity Shares of ` 10/- each, of VST Industries Limited, fully paid 6,00,000 9,96,59,626 6,00,000 9,96,59,626
Equity Shares of ` 2/- each of Hotel Leelaventure Limited, fully paid
Investment in preference shares
Unquoted
of subsidiaries
Zero Coupon Redeemable Preference shares of ` 100/- each, of Wimco Limited,
31,36,834 10,44,92,191 1,79,29,513 83,40,98,160
fully paid — — 50,00,000 50,00,00,000
B. Other Investment
Investments in equity instruments
Unquoted
of other entities
Class ‘G’ Shares of ` 48,000/- each, of Lotus Court Limited, fully paid
Equity Shares of ` 100/- each, of
2 2,34,00,000 2 2,34,00,000
Adyar Property Holding Company Private Limited, ` 65/- per share paid (*) 311 43,86,50,000 311 43,86,50,000
150,21,02,353 436,92,14,563
Aggregate amount of quoted investments 41,63,09,848 1,14,59,15,817
Aggregate market value of quoted investments 1,62,81,70,012 1,75,29,90,487
Aggregate amount of unquoted investments 1,08,57,92,505 3,22,32,98,746
(*) Uncalled liability on 311 partly paid-up shares of Adyar Property Holding Pvt. Ltd. @ ` 35/- per share : ` 10,885 /- (2011– ` 10,885/-).
11 Long term loans and advances As at As at
31st March, 2012 31st March, 2011
Unsecured, considered good
(`) (`)
Security deposits — 1,80,000
Loans to related parties 2,00,00,000 12,30,53,750
MAT credit entitlement — 31,61,098
Deposits with Government authorities
Secured, considered good
3,13,508 3,13,508
Term loan to others 87,87,075 1,24,53,621
(secured by mortgage of immovable property and hypothecation of moveables and receivables)
2,91,00,583 13,91,61,977
12 Current portion of long term investment
(at cost) As at As at
31st March, 2012 31st March, 2011
Number Value Number Value
(`) (`)
Investment in preference shares in subsidiaries
Unquoted
5% Redeemable Cumulative Preference shares
of ` 100/- each, of Wimco Limited, fully paid — — 55,00,000 55,00,00,000
— 55,00,00,000
Aggregate amount of unquoted investment — 55,00,00,000