Annual Report 2011 - 2012 - United Breweries Limited

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Consolidated Balance Sheet as at March 31, 2012 (All amounts in Rs.lacs, unless otherwise stated) Note As at March 31, 2012 As at March 31, 2011 EQUITY AND LIABILITIES Shareholders' funds Share capital 3 10,051 27,235 Reserves and surplus 4 126,524 102,209 136,575 129,444 Share capital pending allotment 5 — 92 Minority Interest 43 115 115 Non-current liabilities Long-term borrowings 6 40,280 27,472 Deferred tax liabilities (Net) 7 5,136 2,886 Long-term provisions 8 1,108 704 46,524 31,062 Current liabilities Short-term borrowings 9 43,555 34,023 Trade payables 10 57,394 38,992 Other current liabilities 11 41,233 42,843 Short-term provisions 8 4,017 3,944 146,199 119,802 Total 329,413 280,515 ASSETS Non-current assets Fixed assets 12 Tangible assets 119,950 106,345 Intangible assets 2,032 2,732 Capital work-in-progress 20,736 7,196 Goodwill on consolidation 42 2,421 4,380 Non-current investments 13 5 2 Interest in UBL Benefit Trust (Refer Note 38) — 14,294 Long-term loans and advances 14 14,392 12,001 Other non-current assets 15 1,166 1,086 160,702 148,036 Current assets Inventories 16 40,067 28,981 Trade receivables 17 69,997 52,002 Cash and bank balances 18 17,740 12,907 Short-term loans and advances 14 29,315 29,165 Other current assets 19 11,592 9,424 168,711 132,479 TOTAL 329,413 280,515 The notes referred above form an integral part of these financial statements. This is the consolidated Balance Sheet referred to For and on behalf of the Board of Directors of in our report of even date. United Breweries Limited 68 For Price Waterhouse Kalyan Ganguly Guido de Boer Firm Registration Number: 007568 S Managing Director Director, CFO Chartered Accountants Usha A Narayanan Govind Iyengar Partner Senior Vice President–Legal & Membership No. -23997 Company Secretary Bangalore, June 8, 2012 Bangalore, June 8, 2012
Consolidated Statement of Profit and Loss for the year ended March 31, 2012 (All amounts in Rs.lacs, unless otherwise stated) Note Year ended March 31, 2012 March 31, 2011 Income Revenue from operations (gross) 24 586,572 460,450 Less: Excise duty 224,057 154,469 Revenue from operations (net) 362,515 305,981 Other income 25 7,303 4,499 Total revenue (I) 369,818 310,480 Expenses Cost of materials consumed 26 159,220 133,258 Purchases of stock-in-trade 27 4,230 6,007 Changes in inventories of finished goods, work-in-progress and stock-in-trade 28 (1,825) 337 Employee benefits expense 29 19,129 14,413 Other expenses 30 140,511 112,933 Total expenses (II) 321,265 266,948 Earnings before interest, tax, depreciation and amortisation (I-II) 48,553 43,532 Finance costs 31 9,890 7,793 Depreciation and amortisation expense 12 14,889 13,081 Profit before Exceptional Items and Tax 23,774 22,658 Exceptional Item: Provision for impairment of Goodwill 42 1,959 — Profit before tax 21,815 22,658 Tax expense: (1) Current tax 4,942 4,778 (2) MAT credit (availed)/ utilised 1,137 (4,762) (3) Deferred tax charge /(write back) 3,059 7,893 Profit for the period 12,677 14,749 Earnings per Equity share in Rs. [Nominal value per share Re.1 each (2011: Re.1 each)] 37 (1) Basic 4.69 5.27 (2) Diluted 4.69 5.27 The notes referred above form an integral part of these financial statements. This is the consolidated Statement of Profit and Loss referred to For and on behalf of the Board of Directors of in our report of even date. United Breweries Limited For Price Waterhouse Kalyan Ganguly Guido de Boer Firm Registration Number: 007568 S Managing Director Director, CFO Chartered Accountants Usha A Narayanan Govind Iyengar Partner Senior Vice President–Legal & Membership No. -23997 Company Secretary Bangalore, June 8, 2012 Bangalore, June 8, 2012 69
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CONTENTS Report of the Directors 1
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Chairman’s Statement (contd.) whi
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March 31, 2012 stood at Rs.1,005.1
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Half Marathon and Bangalore World 1
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Your Company is implementing severa
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Report of the Directors (contd.) CO
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Report of the Directors (contd.) CA
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Annexure to Directors’ Report (co
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Report on Corporate Governance (con
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Report on Corporate Governance (con
Page 24 and 25: • To appoint/remove Registrar and
Page 26 and 27: Report on Corporate Governance (con
Page 34 and 35: f) Training of Board Members: Havin
Page 36 and 37: Annexure to Auditor’s Report 30 R
Page 38 and 39: Referred to in paragraph 9 (b) of t
Page 40 and 41: Balance Sheet as at March 31, 2012
Page 42 and 43: Cash Flow Statement for the year en
Page 44 and 45: 38 Notes to Financial Statements (A
Page 46 and 47: Notes to Financial Statements (cont
Page 48 and 49: Preference Shares Notes to Financia
Page 50 and 51: 6. LONG-TERM BORROWINGS Notes to Fi
Page 52 and 53: 7. DEFERRED TAX LIABILITIES (NET) N
Page 56 and 57: As at March 31, 2012 Notes to Finan
Page 66 and 67: c) Accounting for Amalgamation: The
Page 70 and 71: (4) Transaction with Heineken Brouw
Page 72 and 73: STATEMENT PURSUANT TO SECTION 212(1
Page 76 and 77: Consolidated Cash Flow Statement fo
Page 78 and 79: Notes to Consolidated Financial Sta
Page 80 and 81: Notes to Consolidated Financial Sta
Page 82 and 83: Preference shares Notes to the Cons
Page 84 and 85: 6. LONG-TERM BORROWINGS Notes to th
Page 86 and 87: 8. PROVISIONS Notes to the Consolid
Page 88 and 89: Notes to the Consolidated Financial
Page 100 and 101: - All asset and liabilities of the
Page 106 and 107: 45. DERIVATIVE INSTRUMENTS Particul
Page 108 and 109: 102 Notes:
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Annual Report 2011 - 2012 - United Breweries Limited

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