Annual Report 2011 - 2012 - United Breweries Limited
Annual Report 2011 - 2012 - United Breweries Limited
Annual Report 2011 - 2012 - United Breweries Limited
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Notes to Financial Statements (contd.)<br />
3. SHARE CAPITAL<br />
(All amounts in Rs.lacs, unless otherwise stated)<br />
As at<br />
March 31, <strong>2012</strong><br />
As at<br />
March 31, <strong>2011</strong><br />
Authorised<br />
3,674,000,000 (<strong>2011</strong>: 3,620,000,000) Equity shares of Re.1 each 36,740 36,200<br />
58,600,000 (<strong>2011</strong>: 49,140,000) Preference Shares of Rs.100 each 58,600 49,140<br />
95,340 85,340<br />
Issued, Subscribed and Paid-up<br />
264,405,149 (<strong>2011</strong>: 254,544,938) Equity shares of Re.1 each fully paid 2,644 2,545<br />
3% Nil (<strong>2011</strong>: 17,283,000) Cumulative Redeemable Preference Shares of<br />
— 17,283<br />
Rs.100 each fully paid - Series A<br />
3% 7,407,000 (<strong>2011</strong>: 7,407,000) Cumulative Redeemable Preference Shares<br />
7,407 7,407<br />
of Rs.100 each fully paid - Series B<br />
10,051 27,235<br />
Cumulative Redeemable Preference Shares - Series A are redeemable at par at the earliest on March 31, <strong>2011</strong><br />
and are extendable upto March 31, 2015 based on mutual agreement between the Company and Scottish and<br />
Newcastle India <strong>Limited</strong> (the preference shareholder). The shares have been redeemed at par on April 14, <strong>2011</strong>.<br />
Cumulative Redeemable Preference Shares - Series B are redeemable at par at the earliest on March 31, 2015.<br />
a) Reconciliation of number of shares<br />
Equity Shares<br />
As at March 31, <strong>2012</strong> As at March 31, <strong>2011</strong><br />
Nos. Rs. Nos. Rs.<br />
Balance as at the beginning of the year 254,544,938 2,545 240,048,255 2,400<br />
Issued during the year - amalgamations<br />
(Refer Note 38)<br />
Scottish & Newcastle India Private <strong>Limited</strong> at the ratio of<br />
6:31 in lieu of equity shares of Millennium Alcobev<br />
Pvt. Ltd. — — 8,489,270 85<br />
UBL Benefit Trust at the ratio of 33:16 in lieu of equity<br />
shares of Empee <strong>Breweries</strong> Ltd. — — 6,007,413 60<br />
Heineken International B.V. at the ratio of 135:1<br />
in lieu of equity shares of UB Ajanta <strong>Breweries</strong> Pvt. Ltd. 354,789 4 — —<br />
UB Overseas <strong>Limited</strong> at the ratio of 135:1<br />
in lieu of equity shares of UB Ajanta <strong>Breweries</strong> Pvt. Ltd. 354,789 4 — —<br />
Heineken International B.V. at the ratio of 454:1<br />
in lieu of equity shares of UB Nizam <strong>Breweries</strong> Pvt. Ltd. 72,951 1 — —<br />
UB Overseas <strong>Limited</strong> at the ratio of 454:1<br />
in lieu of equity shares of UB Nizam <strong>Breweries</strong> Pvt. Ltd. 72,951 1 — —<br />
<strong>United</strong> Spirits <strong>Limited</strong> at the ratio of 30:17<br />
in lieu of equity shares of Chennai <strong>Breweries</strong> Pvt. Ltd. 8,500,000 85 — —<br />
Public shareholders of erstwhile Millennium Beer<br />
Industries <strong>Limited</strong> at the ratio of 12:1 504,731 5 — —<br />
Outstanding at the end of the year 264,405,149 2,644* 254,544,938 2,545<br />
* Rounded off to Rs.2,644<br />
41