SUBSIDIARY COMPANIES - ITC Ltd

194
SURYA NEPAL PRIVATE LIMITED
SCHEDULES TO THE ACCOUNTS (Contd.)
Figures in NRs. Figures in ` Figures in NRs. Figures in `
As at As at As at As at
32nd Asadh 2068 32nd Asadh 2068 32nd Asadh 2067 32nd Asadh 2067
(16th July, 2011) (16th July, 2011) (16th July, 2010) (16th July, 2010)
SCHEDULE 4 : INVESTMENTS – LONG TERM
Investment in Stocks issued by Nepal Government
5% Bikash Rinpatra, 2071*
Investment in Promissory Note issued by Nepal Government
8,42,50,000 5,26,56,250 8,42,50,000 5,26,56,250
6.5% Bikash Rinpatra, 2075* 2,56,32,338 1,60,20,211 2,56,32,338 1,60,20,211
* Pledged with a bank for obtaining letter of credit, guarantee facilities.
SCHEDULE 5 : INVENTORIES
10,98,82,338 6,86,76,461 10,98,82,338 6,86,76,461
Stores & Supplies (including in-transit) 6,70,00,391 4,18,75,244 6,94,63,908 4,34,14,943
Raw Materials (including in-transit) 94,15,55,595 58,84,72,247 78,11,22,138 48,82,01,335
Stock-In-Process
Finished Goods
4,88,97,470 3,05,60,919 2,48,30,840 1,55,19,275
At Cost 1,10,59,49,490 69,12,18,431 47,09,44,945 29,43,40,591
At Net Realisable Value 54,01,198 33,75,749 1,94,13,109 1,21,33,193
SCHEDULE 6 : SUNDRY DEBTORS
(Receivable within twelve months, unless otherwise stated)
Due for more than six months
2,16,88,04,144 1,35,55,02,590 1,36,57,74,940 85,36,09,337
Good and Secured
Good and Unsecured
2,22,269 1,38,918 2,66,137 1,66,336
From Holding Company 21,60,000 13,50,00 21,60,000 13,50,000
From Others 32,06,036 20,03,773 24,23,264 15,14,540
Doubtful and Unsecured - From Others
Due for less than six months - Considered good
— — 10,26,983 6,41,864
Secured
Unsecured
15,27,117 9,54,448 15,63,247 9,77,029
From Holding Company 2,07,51,909 1,29,69,943 3,60,69,509 2,25,43,443
From Others 6,44,09,083 4,02,55,677 5,91,03,177 3,69,39,486
9,22,76,414 5,76,72,759 10,26,12,317 6,41,32,698
Less : Provision for Doubtful Debts — — 10,26,983 6,41,864
SCHEDULE 7 : CASH AND BANK BALANCES
9,22,76,414 5,76,72,759 10,15,85,334 6,34,90,834
Cash on Hand 74,092 46,308 1,20,394 75,246
Cheques on Hand
Cash At Bank
— — 1,99,00,000 1,24,37,500
Current Account 70,93,018 44,33,135 1,82,92,668 1,14,32,918
Savings Account (Provident Fund) 54,417 34,011 54,026 33,766
Short-Term Call Deposits 71,02,691 44,39,182 87,82,81,796 54,89,26,123
SCHEDULE 8 : LOANS & ADVANCES
(Recoverable within twelve months, unless otherwise stated)
1,43,24,218 89,52,636 91,66,48,884 57,29,05,553
Receivables from Holding Company (Net) 1,68,47,71,406 1,05,29,82,129 36,84,74,089 23,02,96,306
Loan/Advance to Employees
[Includes NRs. 8,85,60,703 (` 5,53,50,439)
{(2066-67(2009-10) - NRs. 9,59,90,118 (` 5,99,93,824)}
recoverable after twelve months]
10,16,24,407 6,35,15,254 11,05,75,415 6,91,09,634
Margin Money Deposit 1,60,198 1,00,124 1,10,355 68,972
Advance to Others 3,66,07,793 2,28,79,870 4,83,94,692 3,02,46,682
Prepaid Expenses 41,52,510 25,95,318 43,52,841 27,20,526
Accrued Interest Receivable 8,32,749 5,20,468 10,01,371 6,25,857
Deposits : With Government Authorities 6,42,86,000 4,01,78,750 6,80,01,045 4,25,00,653
With Others 1,22,89,993 76,81,246 1,67,05,865 1,04,41,165
1,90,47,25,056 1,19,04,53,159 61,76,15,673 38,60,09,795
Less : Provision for Doubtful Advance 64,38,033 40,23,771 77,73,607 48,58,504
SCHEDULE 9 : SHORT TERM BORROWINGS
Secured
1,89,82,87,023 1,18,64,29,388 60,98,42,066 38,11,51,291
Cash Credit/Overdraft Facilities from Banks * 73,32,47,775 45,82,79,859 — —
*Secured by charge over certain land and building of the Company.
73,32,47,775 45,82,79,859 — —
SCHEDULE 10 : CURRENT LIABILITIES
(Payable within twelve months, unless otherwise stated)
Interest Accrued but not due - Short Term Borrowings 14,83,118 9,26,949 — —
Retention Money 77,01,794 48,13,621 78,11,885 48,82,428
Sundry Creditors 62,57,55,214 39,10,97,009 50,55,30,502 31,59,56,564
Advances From Wholesale Dealers 19,07,97,357 11,92,48,348 24,85,24,613 15,53,27,883
Deposits From Wholesale Dealers 59,00,000 36,87,500 59,50,000 37,18,750
Other Liabilities 2,03,32,845 1,27,08,030 1,35,54,014 84,71,259
85,19,70,328 53,24,81,457 78,13,71,014 48,83,56,884
SCHEDULE 11: PROVISIONS
Provision for Income Tax 7,73,04,106 4,83,15,066 5,34,46,736 3,34,04,210
[Net of payment of Income Tax Advance/Deposits amounting to
NRs. 1,17,90,32,927 (` 73,68,95,579)
2066-67 (2009-10) NRs. 95,17,97,108 (` 59,48,73,193)}]
Provision for Retirement and Other Employee Benefits 4,08,16,644 2,55,10,403 3,85,57,391 2,40,98,369
Provision for Interim Dividend 31,24,80,000 19,53,00,000 25,20,00,000 15,75,00,000
Provision for Proposed Final Dividend
1,93,53,60,000 1,20,96,00,000 1,56,24,00,000 97,65,00,00
2,36,59,60,750 1,47,87,25,469 1,90,64,04,127 1,19,15,02,579