SUBSIDIARY COMPANIES - ITC Ltd

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Notes to financial statements for the year ended 31 March 2012 10. Inventories (valued at lower of cost and net realizable value) (Amount in ` '000) Particulars As at As at Raw Materials and Components (including stock-in-transit ` Nil 31 March 2012 31 March 2011 (31 March 2011: ` Nil)) (refer note 14) 8,006 4,770 Work-in-progress (refer note 15) 1,139 — Finished Goods (refer note 15) 4,00,440 3,52,869 Traded Goods (including stock-in-transit ` Nil(31 March 2011: ` Nil)) (refer note 15) 11,099 11,022 Stores and Spares 1,580 1,833 4,22,264 3,70,494 11. Cash and Cash equivalents (Amount in ` '000) Non-current Current Particulars As at As at 31 March 31 March 31 March 31 March 2012 2011 2012 2011 Balances with Banks: On current accounts — — 1,220 1,080 Cash on hand — — 21 50 Other Bank balances Deposits with maturity for — — 1,241 1,130 more than 12 months 10 10 — — 76 10 10 — — Amount disclosed under noncurrent assets (note 8.2) (10) (10) — — — — 1,241 1,130 12. Revenue from Operations (Amount in ` '000) Particulars for the year ended for the year ended Revenue from Operations Sale of products 31 March 2012 31 March 2011 Finished Goods 4,55,933 4,64,849 Traded Goods Other operating revenue 26,026 11,634 Sale of old empty bags 5,733 366 Excess Provision written back 6,476 1,917 Other 2,831 215 Revenue from operations Details of products sold 4,96,999 4,78,981 (Amount in ` '000) Particulars for the year ended for the year ended Finished Goods sold 31 March 2012 31 March 2011 TECHNITUBER® Seed Potatoes 19,631 21,755 Field Generated Seed Potatoes 4,35,886 4,43,094 Banana Tissue Culture Plantlets 416 — Traded Goods sold 4,55,933 4,64,849 Field Generated Seed Potatoes 16,864 3,495 Insecticides,Fungicides and Micronutrients 9,162 8,139 26,026 11,634 4,81,959 4,76,483 13. Other Income Particulars Interest income on TECHNICO AGRI SCIENCES LIMITED (Amount in ` '000) for the year ended for the year ended 31 March 2012 31 March 2011 Bank deposits Dividend income on 2 1 Current investments 12,316 8,646 Commission on Sales — 269 Rental income 8,523 8,424 Exchange difference (net) 1,760 976 Profit on sale of assets 1 2 Miscellaneous income 77 614 10,361 10,285 22,679 18,932 14. Cost of Raw Material and Components Consumed Particulars for the year ended (Amount in ` '000) for the year ended 31 March 2012 31 March 2011 Inventory at the beginning of the year 4,770 4,526 Add: Purchases 46,759 37,516 51,529 42,042 Less: inventory at the end of the year Cost of Raw Material and 8,006 4,770 Components Consumed 43,523 37,272 Details of Raw Material and Components Consumed Particulars for the year ended (Amount in ` '000) for the year ended 31 March 2012 31 March 2011 Plantlets 545 248 Chemicals and Fertilisers 3,054 1,937 Packing stores 39,924 35,087 43,523 37,272 Details of Inventory Particulars As at (Amount in ` '000) As at Raw Materials and Components 31 March 2012 31 March 2011 Plantlets — — Chemicals and Fertilisers 398 955 Packing stores 7,608 3,815 8,006 4,770 15. (Increase)/decrease in Inventories Particulars for the year ended (Amount in ` '000) for the year ended Inventories at the end of the year 31 March 2012 31 March 2011 Traded goods 11,099 11,022 Work-in-progress 1,139 — Finished goods 4,00,440 3,52,869 Inventories at the beginning of the year 4,12,678 3,63,891 Traded goods 11,022 1,893 Work-in-progress — — Finished goods 3,52,869 3,38,595 3,63,891 3,40,488 (Increase)/decrease in Inventories (48,787) (23,403)
Notes to financial statements for the year ended 31 March 2012 Details of purchase of Traded Goods (Amount in ` '000) Particulars for the year ended for the year ended 31 March 2012 31 March 2011 Field Generated Seed Potatoes Insecticides, Fungicides and 10,161 10,749 Micronutrients 8,456 7,130 18,617 17,879 Details of Inventory Particulars As at (Amount in ` '000) As at Traded Goods 31 March 2012 31 March 2011 Field Generated Seed Potatoes 11,021 11,020 Insecticides, Fungicides and Micronutrients 78 2 Work-in-progress 11,099 11,022 Banana Tissue Culture Plantlets 1,139 — 1,139 — Finished Goods TECHNITUBER® Seed Potatoes 18,890 20,528 Field Generated Seed Potatoes 3,81,438 3,31,891 Banana Tissue Culture Plantlets 112 450 4,00,440 3,52,869 16. Employee Benefits Expense Particulars for the year ended (Amount in ` '000) for the year ended 31 March 2012 31 March 2011 Salaries, Wages and Bonus 24,704 21,853 Contribution to Provident and Other fund 1,000 829 Gratuity expense (note 28) 325 379 Staff Welfare expenses 1,747 1,775 27,776 24,836 17. Other Expenses Particulars for the year ended (Amount in ` '000) for the year ended SPC 31 March 2012 31 March 2011 Consumption of Stores and Spares 1,172 1,067 Seed Farming Charges 2,00,426 1,94,161 Power and Fuel 9,712 9,914 Freight and forwarding charges 59,656 49,458 Rent 4,661 3,989 Storage and Handling cost 79,441 66,408 Contract Labour 9,440 10,349 Rates and Taxes 295 394 Insurance Repairs and Maintenance 1,439 1,503 - Plant and Machinery 2,541 2,501 - Buildings 35 265 - Others 1,396 1,389 Advertising and Sales Promotion 315 426 Sales Commission 551 625 Travelling and Conveyance 8,245 7,759 Telephone, Postage and Telegram expenses 1,941 1,863 Printing and Stationery 485 410 TECHNICO AGRI SCIENCES LIMITED Particulars for the year ended (Amount in ` '000) for the year ended 31 March 2012 31 March 2011 Legal and Professional fees 1,359 989 Payment to Auditor (Refer details below) 668 655 Provision for Doubtful Debts and Advances — 393 Loss on sale of Fixed Assets (net) Impairment/other write off on — 7 Tangible/Intangible assets — 333 Miscellaneous expenses 7,944 8,175 Above expenses include Research and 3,91,722 3,63,033 Development expenses 699 636 Payment to Auditor Particulars for the year ended (Amount in ` '000) for the year ended 31 March 2012 31 March 2011 As Auditor: Audit Fee 441 441 Tax Audit Fee 165 165 Reimbursements 62 49 668 655 18. Depreciation and Amortization expense Particulars for the year ended (Amount in ` '000) for the year ended 31 March 2012 31 March 2011 Depreciation of Tangible assets 8,260 7,801 8,260 7,801 19. Finance Costs Particulars for the year ended (Amount in ` '000) for the year ended 31 March 2012 31 March 2011 Interest 276 290 276 290 20. Earnings per share (EPS) Particulars for the year ended (Amount in ` '000) for the year ended 31 March 2012 31 March 2011 Profit/(loss) after tax Net profit/(loss) for 78,291 70,205 calculation of basic EPS 78,291 70,205 Net profit as above Net profit/(loss) for 78,291 70,205 calculation of diluted EPS 78,291 70,205 Numbers Numbers Weighted average number of equity shares in calculating basic EPS Weighted average number of equity 3,79,62,800 3,79,62,800 shares in calculating diluted EPS Earnings per share Basic [Nominal value of shares 3,79,62,800 3,79,62,800 `10 (Previous Year: `10)] Diluted [Nominal value of shares `2.06 `1.85 `10 (Previous Year: `10)] `2.06 `1.85 77
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SUBSIDIARY COMPANIES Russell Credit
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ANNEXURE TO THE REPORT OF THE DIREC
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6 RUSSELL CREDIT LIMITED BALANCE SH
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NOTES TO THE FINANCIAL STATEMENTS F
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ANNEXURE TO THE AUDITORS’ REPORT
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DIRECTORS’ REPORT TO THE MEMBERS
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to its bankers. The Company did not
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Page 48 and 49: of services. We have not observed a
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Page 52 and 53: NOTES TO THE ACCOUNTS 21. Segment i
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Page 66 and 67: BALANCE SHEET AS AT MARCH 31, 2012
Page 68 and 69: 5. Liquidity Risk Liquidity risk is
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Page 86 and 87: Note 4: Trade and other payables 20
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Page 104 and 105: 14. The Board of Directors of the C
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Page 116 and 117: STATEMENT OF PROFIT AND LOSS FOR TH
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Page 120 and 121: adequate accounting records in acco
Page 122 and 123: given to us, the Company has not gi
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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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NOTES TO THE FINANCIAL STATEMENTS (
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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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NOTES TO THE ACCOUNTS (Contd.) 172
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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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