Annual Report 2011 - 2012 - United Breweries Limited

Notes to Financial Statements (contd.)
13. NON CURRENT INVESTMENTS
(All amounts in Rs.lacs, unless otherwise stated)
Trade Investments
(valued at cost unless otherwise stated)
Unquoted equity instruments
In subsidiary companies - fully paid up shares:
Maltex Malsters Limited (Net of provision for dimunition in
value of investments of Rs.1959 (2011: Rs. NIL)
[Refer Note (A) below]
In associates:
Class of
shares
Number of
shares/units
As at March 31, 2012 As at March 31, 2011
Face value
in Rs.
Cost
Number of
shares / units
Face value
in Rs.
Equity 22,950 100 2,541 22,950 100 4,500
United East Bengal Football Team Private Limited Equity 4,999 50 1 4,999 50 1
Other Investments
(valued at cost unless otherwise stated)
Unquoted equity instruments
Zorastrian Co-operative Bank Limited Equity 2,000 25 1 2,000 25 1
Skol Breweries Limited Equity 300 10 0 — — —
Jupiter Breweries Limited Equity 50 10 0 — — —
Mohan Meakins Limited Equity 100 5 0 — — —
Blossom Breweries Limited Equity 100 3 0 — — —
Cosmos co-operative Bank Limited Equity 5,000 100 1 — — —
In government and trustee securities
National savings certificate — — 3 — — 1
[Net of provision for dimunition in value of investments of
Rs.15 (2011: Rs.15)]
Total 2,547 4,502
a) The investment in Maltex Malsters Limited (MML) which had a carrying value of Rs.4,500, has been revalued at Rs. 2,541. The diminution in value of this investment has
been due to continued delays in obtaining necessary approvals to expand its malting facility at Patiala. Considering the constraints in MML’s expansion plans and the
high overhead costs incurred on operating at its current level of capacity, it has been decided to value the investment based on the failr value of net assets of MMIL.
b) Following investments costing less than Rs.1 Lac have been disclosed below in absolute amount in rupees.
Cost
United East Bengal Football Team Pvt Limited 50,000
Zorastrian Co-operative Bank Limited 50,000
Skol Breweries Limited 1,727
Jupiter Breweries Limited 188
Mohan Meakins Limited 925
Blossom Breweries Limited 300
Total 103,140
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