SUBSIDIARY COMPANIES - ITC Ltd

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NOTES TO THE ACCOUNTS 26. Finance cost Year Ended Year Ended March 31, 2012 March 31, 2011 (` in Lacs) (` in Lacs) Interest expense : Interest 185.25 55.50 Other borrowing costs 4.41 2.34 189.66 57.84 27. Other expenses Consumption of stores and spare parts (including provision made for obsolete spares) 412.36 671.24 Power and fuel 439.04 765.27 Rent* Repairs 277.33 226.97 - Buildings 46.37 37.44 - Machinery 85.65 124.38 - Others 56.46 80.00 Rates and taxes 120.70 118.80 Insurance 42.70 72.23 Maintenance and upkeep 144.31 101.73 Outward freight and handling charges 394.36 685.60 Warehousing charges 23.56 27.80 Advertising and sales promotion charges 25.15 41.02 Commission to selling agents 0.77 0.12 Bank charges 5.46 10.40 Information technology services 82.07 138.36 Travelling and conveyance 168.59 188.77 Training and development 1.95 5.52 Professional fees 173.49 114.36 Postage and telephone charges 29.91 37.35 Printing and stationery 15.91 16.49 Loss on sale of fixed assets (net) 0.38 0.81 Auditors' remuneration (see note -31) 16.99 16.30 Directors' sitting fees 0.55 0.50 Plantation, Cultivation and Harvesting Charges 193.06 151.75 Miscellaneous expenses 464.93 473.94 Total 3,222.05 4,107.15 *Leases: Where the Company is a lessee/ licensee The Company has taken various office and godown premises under operating lease on leave and license agreements. These are not non-cancellable and range between 11 months and 3 years under leave and license or longer for other leases 28. Earnings per share (Loss) after taxation Arrears of preference dividend and including preference (4,599.36) (5,965.04) dividend tax (see note 1(B)(iii)) — 320.67 (Loss) attributable to equity shareholders (4,599.36) (6,285.71) Weighted average number of equity shares 95,481,710 94,230,000 Earning per share - basic and diluted (`) (4.82) (6.67) Nominal value of an equity share (`) 1.00 1.00 34 WIMCO LIMITED
NOTES TO THE ACCOUNTS 30. Related party disclosures 1. Parties exercising control over the Company: Related Party Relationship <strong>ITC</strong> Limited Holding company effective September 29, 2011, was the ultimate holding company in 2010-11 Russell Credit Limited Fellow subsidiary, was the holding company of Wimco Limited till September 28, 2011 WIMCO LIMITED 29. Segment information for the year ended March 31, 2012 (` in lacs) Information about primary March 31, 2012 March 31, 2011 business segments Revenue Match Engineering Forestry Unallocated Total Match Engineering Forestry Unallocated Total External 15,285.86 1,676.85 1,191.64 18,154.35 18,478.00 1,404.25 975.53 20,857.78 Inter-segment 296.57 296.57 — — 329.32 329.32 Total Less: Eliminations on account 15,285.86 1,676.85 1,488.21 — 18,450.92 18,478.00 1,404.25 1,304.85 — 21,187.10 of inter segment revenue (296.57) (296.57) (329.32) (329.32) Total revenue Result 15,285.86 1,676.85 1,191.64 — 18,154.35 18,478.00 1,404.25 975.53 — 20,857.78 Segment result Unallocated expenditure net (538.63) 236.68 821.09 519.14 (2,201.19) 173.84 736.45 (1,290.90) of unallocated income Operating Profit / (Loss) (1,244.63) (1,244.63) (872.40) (872.40) before exceptional items Exceptional Item (538.63) 236.68 821.09 (1,244.63) (725.49) (2,201.19) 173.84 736.45 (872.40) (2,163.30) (see note 34) Operating Profit / (Loss) after (3,687.26) (3,687.26) (3,746.46) (3,746.46) exceptional items (538.63) 236.68 821.09 (4,931.89) (4,412.75) (2,201.19) 173.84 736.45 (4,618.86) (5,909.76) Interest expenses — — — (189.66) (189.66) (57.84) (57.84) Interest income 0.40 — 0.10 2.55 3.05 2.56 2.56 Provision for taxation — — Net Profit / (Loss) Other Information (538.23) 236.68 821.19 (5,119.00) (4,599.36) (2,201.19) 173.84 736.45 (4,674.14) (5,965.04) Segment assets 6,635.39 567.45 1,996.54 12,785.14 21,984.53 8,944.15 681.16 1,935.02 11,278.30 22,838.63 Segment liabilities 1,043.05 302.26 414.30 9,067.82 10,827.44 2,102.31 304.93 472.21 4,216.96 7,096.41 Capital expenditure 39.68 6.82 22.19 40.83 109.51 109.77 5.73 1.79 15.40 132.68 Depreciation 337.17 4.75 3.66 110.88 456.46 406.07 8.65 3.33 95.95 513.99 Information about Secondary Business Segments Revenue by Geographical Segments March 31, 2012 March 31, 2011 India Outside India Total India Outside India Total Sales 17,898.21 256.15 18,154.35 20,573.15 284.64 20,857.79 Carrying Amount of Segment Assets 21,984.53 — 21,984.53 22,778.81 — 22,778.81 Capital Expenditure 109.51 — 109.51 132.68 — 132.68 Unallocated income and expenditure relate mainly to the Corporate Office as also the Unallocated assets and Liabilities which include investments made centrally at the Corporate Office. (i) The business segment has been considered as the primary segment. The Company is organised into three main business segments: Match, Engineering and Forestry. The segments have been identified and reported taking into account the nature of products and services, the differing risks and returns, the organisation structure and the internal financial reporting systems. (ii) Segment revenue in each of the above business segments primarily includes sales and services in the respective segments. (iii) The Segment revenues in the geographical segments considered for disclosure are as follows: (a) Revenue within India includes sales to customers located within India and earnings in India. (b) Revenue outside India includes sales to customers located outside India and earnings outside India. The Company has disclosed Geographical Segment as the secondary segment. Fixed assets used in the Company's business or liabilities contracted have not been identified to any of the reportable segments, as the fixed assets and services are used interchangeably between segments for some units. The Company therefore believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities (including capital expenditure incurred during the period) other than debtors, since a meaningful segregation of the available data is onerous (iv) Segment revenue, results, assets and liabilities include the respective amounts identifiable to each of the above segments and amounts allocated on a reasonable basis. 2. Parties over whom Company exercises control: Related Party Relationship Pavan Poplar Limited Subsidiary Company (Wholly owned) Prag Agro Farm Limited Subsidiary Company (Wholly owned) 3. Other related Parties with whom the Company had transactions Related Party Relationship <strong>ITC</strong> Infotech India Limited Fellow subsidiary Russell Credit Limited Fellow subsidiary, was the holding company of Wimco Limited till September 28, 2011 4. Directors of the Company Managing director VM Rajasekharan No remuneration is paid by the Company to the Managing Director in accordance with the terms of his appointment. 35
Page 1: SUBSIDIARY COMPANIES Russell Credit
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84 TECHNICO ASIA HOLDINGS PTY LIMIT
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Note 4: Trade and other payables 20
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BALANCE SHEET AS ON 31st DECEMBER 2
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INCOME AND PROFIT DISTRIBUTION STAT
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NOTES TO FINANCIAL STATEMENTS 1. Br
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NOTES TO FINANCIAL STATEMENTS (Cont
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ANNEXURE TO AUDITORS’ REPORT (con
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NOTES TO THE FINANCIAL STATEMENTS 1
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NOTES TO THE FINANCIAL STATEMENTS (
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14. The Board of Directors of the C
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BALANCE SHEET As at March 31, 2012
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22. There were no transactions nece
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STATEMENT OF PROFIT AND LOSS FOR TH
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NOTES TO THE ACCOUNTS (Contd.) For
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adequate accounting records in acco
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given to us, the Company has not gi
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NOTES TO THE FINANCIAL STATEMENTS N
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14 CASH AND BANK BALANCES Cash and
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128 ITC INFOTECH INDIA LIMITED IX.
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REPORT OF THE DIRECTORS Your Direct
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132 ITC INFOTECH LIMITED CASH FLOW
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Unaudited Unaudited 2012 2012 2011
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17. Reconciliation of movements in
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138 ITC INFOTECH (USA), INC. BALANC
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NOTES TO THE FINANCIAL STATEMENTS M
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NOTE F - INTANGIBLE ASSETS The Comp
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144 PYXIS SOLUTIONS, LLC. USA STATE
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ANNEXURE TO THE AUDITORS' REPORT TO
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NOTES TO THE FINANCIAL STATEMENTS N
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REPORT OF THE DIRECTORS FOR THE FIN
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156 GOLD FLAKE CORPORATION LIMITED
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162 together with the notes thereon
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CASH FLOW STATEMENT FOR THE YEAR EN
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NOTES TO THE ACCOUNTS (Contd.) As a
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NOTES TO THE ACCOUNTS (Contd.) As a
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NOTES TO THE ACCOUNTS (Contd.) Esti
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BALANCE SHEET (All amounts in `, un
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184 MRR TRADING & INVESTMENT COMPAN
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Annexure I Sl. No. Name of Director
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PROFIT AND LOSS ACCOUNT FOR THE YEA
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STATEMENT OF CHANGE IN EQUITY FOR T
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194 SURYA NEPAL PRIVATE LIMITED SCH
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196 SURYA NEPAL PRIVATE LIMITED SCH
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SCHEDULES TO THE ACCOUNTS (Contd.)
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STATEMENTS OF CASH FLOWS YEAR ENDED
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NOTE 12 - INCOME TAXES Income taxes
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SUBSIDIARY COMPANIES - ITC Ltd

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