Annual Report 2011 - 2012 - United Breweries Limited
Annual Report 2011 - 2012 - United Breweries Limited
Annual Report 2011 - 2012 - United Breweries Limited
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Notes to Financial Statements (contd.)<br />
The company has received payments of Rs.2,980 towards interest after the repayment date and the aggregate<br />
amount due as on March 31, <strong>2012</strong> is Rs.21,196. The Company continued to receive interest and TDS payments to<br />
the tune of Rs.11,190 after March 31, <strong>2012</strong> till date.<br />
43. DERIVATIVE INSTRUMENTS<br />
Particulars<br />
a) Derivatives outstanding as at<br />
reporting date<br />
Forward contracts to buy USD<br />
Forward contracts to buy USD<br />
Forward contracts to buy USD<br />
Purpose<br />
Hedge of External commercial<br />
borrowings<br />
Hedge of External commercial<br />
borrowings<br />
Hedge of External commercial<br />
borrowings<br />
(All amounts in Rs.lacs, unless otherwise stated)<br />
As at<br />
March 31, <strong>2012</strong><br />
Forward contracts to buy USD Hedge of Foreign currency loan USD 1.38 Million,<br />
Rs.45.06<br />
b) Mark to market losses<br />
Mark to market gains (net) not<br />
recognised<br />
As at<br />
March 31, <strong>2011</strong><br />
USD 20 Million,<br />
—<br />
Rs.52.70<br />
USD 50 Million,<br />
—<br />
Rs.49.285<br />
— USD 10 Million,<br />
Rs.46.56<br />
USD 6.94 Million,<br />
Rs.45.06<br />
212 —<br />
44. SEGMENT REPORTING<br />
The company is engaged in manufacture, purchase and sale of beer including licensing of brands which constitutes<br />
a single business segment. The company operates only in India. Accordinlgy, primary and secondary reporting<br />
disclosures for business and geographical segment as envisaged in AS-17 are not applicable to the company.<br />
45. PREVIOUS YEAR FIGURES<br />
a) The previous year’s figures have been regrouped to conform to current year’s classification. Further in view of the<br />
amalgamations described in Note 38 above, the figures for the current year are not comparable with those of<br />
previous year.<br />
b) The financial statements for year ended March 31, <strong>2011</strong> had been prepared as per the then applicable, prerevised<br />
Schedule VI to the Companies Act, 1956. Consequent to the notification of Revised Schedule VI under<br />
the Companies Act, 1956, the financial statements for the year ended March 31, <strong>2012</strong> are prepared as per<br />
Revised Schedule VI. Accordingly, the previous year figures have also been reclassified to conform to this year's<br />
classification. The adoption of Revised Schedule VI for the previous year figures does not impact recognition and<br />
measurement principles followed for preparation of financial statements.<br />
For Price Waterhouse Kalyan Ganguly Guido de Boer<br />
Firm Registration Number: 007568 S Managing Director Director, CFO<br />
Chartered Accountants<br />
Usha A Narayanan<br />
Govind Iyengar<br />
Partner<br />
Senior Vice President–Legal &<br />
Membership No. -23997<br />
Company Secretary<br />
Bangalore, June 8, <strong>2012</strong> Bangalore, June 8, <strong>2012</strong><br />
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