Annual Report 2012-2013 - UB Group

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Notes to the Financial Statements (contd.) d) Short term employee benefits: Undiscounted amount of short term employees benefits expected to be paid in exchange for the services rendered by the employees is recognized during the period when the employee renders the services. These benefits include compensated absences such as paid annual leave and performance incentives. xii. Segment reporting: The operations of the Company are divided into alcoholic beverages, leather products, readymade garments, investments, guarantee services, property development and other activities. Accordingly, the primary segment reporting comprises the performance under these segments and the secondary segment reporting is based on geographical locations of customers. xiii. Related Party disclosures: Transactions between related parties are disclosed as per Accounting Standard 18- “Related Party Disclosures”. Accordingly, disclosures regarding the name of the transacting related party, description of the relationship between the parties, nature of transactions and the amount outstanding as at the end of the accounting year, are made. xiv. Taxes on Income: Provision for income tax comprises of current taxes and deferred taxes. Current tax is determined as the amount of tax payable in respect of taxable income for the period. Deferred tax is recognized on timing differences between the accounting income and the taxable income for the year and quantified using the tax rates and laws enacted or substantively enacted as on the Balance Sheet date. Deferred tax assets are recognized and carried forward to the extent that there is reasonable / virtual certainty that sufficient future taxable income will be available against which such deferred tax asset can be realized. xv. Impairment of assets: The Company evaluates all its assets for assessing any impairment and accordingly recognises the impairment, wherever applicable, as provided in Accounting Standard 28- “Impairment of Assets”. xvi. Provisions and Contingencies: A provision is recognized when an enterprise has a present obligation as a result of past event and it is probable that an out flow of resources will be required to settle the obligation in respect of which a reliable estimate can be made. Provisions are not discounted to its present value and are determined based on Management estimates required to settle the obligation at the Balance Sheet date. These are reviewed at each Balance Sheet date and adjusted to reflect the current Management estimates. xvii. Earnings per share: Earnings per equity share (basic / diluted) is arrived at by dividing the Net Profit or Loss for the year attributable to the equity shareholders by the weighted average number of equity shares outstanding during the year. 36
Notes to the Financial Statements (contd.) As at March 31, 2013 ` in million As at March 31, 2012 2. Share capital Authorised 100,000,000 (2012: 100,000,000 ) Equity Shares of ` 10/- each 1,000.000 1,000.000 1,000.000 1,000.000 Issued, Subscribed and Paid-up 66,818,521 (2012: 66,818,521) Equity Shares of ` 10/- each fully paid up. 668.185 668.185 668.185 668.185 a. Reconciliation of equity shares outstanding at the beginning and at the end of the reporting period 2012-13 2011-12 No. of Shares Amount No. of Shares Amount As at the beginning of the year 66,818,521 668.185 66,818,521 668.185 Issued during the year - - - - Outstanding at the end of the year 66,818,521 668.185 66,818,521 668.185 b. Terms and rights attached to equity shares The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the Annual General Meeting. The rights of shareholder is governed by the Articles of Association of the Company and the Companies Act, 1956. c. Details of shareholders holding more than 5% shares in the Company 31-03-2013 31-03-2012 Number of shares % holding Number of shares % holding Dr Vijay Mallya 5,284,978 7.91 5,284,978 7.91 McDowell Holdings Limited 5,260,002 7.87 5,260,002 7.87 Watson Limited 14,159,986 21.19 14,159,986 21.19 Platinum Investment Management Limited* - - 7,213,505 10.80 * holds less than 5% as an 31.03.2013 d. Aggregate number of shares issued for consideration other than cash during the period of five years immediately preceding the reporting date is nil. 37
Page 3 and 4: UNITED BREWERIES [HOLDINGS] LIMITED
Page 5 and 6: Report of the Directors (contd.) A
Page 7 and 8: Report of the Directors (contd.) he
Page 9 and 10: Report of the Directors (contd.) (i
Page 11 and 12: Annexure to Directors’ Report (co
Page 13 and 14: Annexure to Directors’ Report (co
Page 15 and 16: Report on Corporate Governance 1. C
Page 17 and 18: Report on Corporate Governance (con
Page 27 and 28: Independent Auditors' Report To The
Page 29 and 30: Annexure to the Independent Auditor
Page 31 and 32: Annexure to the Independent Auditor
Page 33 and 34: Statement of Profit and Loss for th
Page 35 and 36: Cash Flow Statement for the year en
Page 37: vii. Depreciation: Notes to the Fin
Page 41 and 42: Notes to the Financial Statements (
Page 63 and 64: 63. All amounts are in Rupees milli
Page 65 and 66: Disclosure under Clause 32 of the L
Page 67 and 68: Independent Auditors’ Report on C
Page 69 and 70: Consolidated Statement of Profit an
Page 71 and 72: Consolidated Cash Flow Statement fo
Page 73 and 74: Notes to the Consolidated Financial
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Notes to the Consolidated Financial
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Notes to the Consolidated Financial
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SUMMARISED FINANCIALS OF SUBSIDIARY
Page 102 and 103:
Notice (contd.) Notes: 1. A Member
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Notice (contd.) (iii). Personal All
Page 106 and 107:
Notice (contd.) ( ` In million) Per
Page 108:
Annexure to Notice Particulars of D
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Annual Report 2012-2013 - UB Group

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