Annual Report 2011 - 2012 - United Breweries Limited

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Consolidated Cash Flow Statement for the year ended March 31, 2012 A Cash flow from operating activities (All amounts in Rs.lacs, unless otherwise stated) Year ended March 31, 2012 March 31, 2011 Profit before taxation 21,815 22,658 Adjustments for: Depreciation and amortisation 14,889 13,081 (Profit)/Loss on sale of assets (1) (2) Provision for doubtful debts 49 317 Provision for doubtful advances 64 17 Provision for dimunition in investments 1,959 — Bad debts written off 954 9 Bad advances written off 980 — Provision for doubtful debts no longer required written back (1,290) (9) Provision for doubtful advances no longer required written back (998) (513) Interest expenses (Net) 9,850 7,793 Interest income (3,304) (3,166) Exchange Loss / (Gains) on foreign currency loans 40 — Dividend income (19) 23,173 (42) 17,485 Operating profits before working capital changes 44,988 40,143 Adjustment for working capital changes: (Increase) / Decrease in Trade Receivables (17,171) 15,266 (Increase) / Decrease in inventories (10,741) (6,944) Increase / (Decrease) in current liabilities and provisions 27,724 15,146 (Increase) / Decrease in other current assets, loans and advances (2,918) (3,106) (1,337) 22,131 Cash generated from operations 41,882 62,274 Direct taxes (Income Tax and Fringe Benefit Tax) paid (6,588) (5,161) (including TDS) Cash generated from operations before 35,294 57,113 non-recurring items Non-recurring items — — Net cash generated from operating activities 35,294 57,113 B Cash flow from investing activities Purchase of fixed assets (including acquisition on amalgamation) (38,141) (44,010) Sale of fixed assets 79 124 (Purchase) / Sale of investments (2) 4,899 Interest income 3,538 87 Dividend income 19 42 Net cash used in investing activities (34,507) (38,858) 70
Consolidated Cash Flow Statement for the year ended March 31, 2012 (contd.) C Cash Flow from Financing activities (All amounts in Rs.lacs, unless otherwise stated) Year ended March 31, 2012 March 31, 2011 (Repayment) / Proceeds from unsecured term loans (net) (19,033) 17,997 (Repayment)/Proceeds from bank borrowings (net) 24,438 (19,331) On merger — (3,741) Repayment of preference share capital (17,283) — Proceeds from UBL Benefit Trust 28,343 — Interest paid (9,754) (7,665) Dividend paid (including distribution tax) (2,682) (1,874) Net cash generated from financing activities 4,029 (14,614) Net Increase / (Decrease) in cash and cash equivalents 4,816 3,641 Opening cash and cash equivalents Cash on hand including remittances in transit 34 32 Bank Balances including cheques on hand 12,873 9,234 12,907 9,266 Cash and cash equivalents of transferor company as at April 1, 2011 17 — Closing cash and cash equivalents Cash on hand including remittances in transit 35 34 Bank balances including cheques on hand 17,705 12,873 17,740 12,907 Notes: 1. The above cash flow statement has been compiled from and is based on the balance sheet as at March 31, 2012 and the related profit and loss account for the year ended on that date. 2. The above Cash Flow Statement has been prepared in consonance with the requirements of Accounting Standard (AS)-3 on Cash Flow Statements as notified under the Companies (Accounting Standards) Rules, 2006 and the reallocations required for the purpose are as made by the company. 3. Cash and cash equivalents include Rs.465 (2011: Rs.1,706) which are not available for use by the Company. This is the cash flow statement referred to in our report of even date For and on behalf of Board of Directors of 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 71
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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
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• 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 74 and 75: Consolidated Balance Sheet as at Ma
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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