Annual Report 2012-2013 - UB Group

More documents

Recommendations

Info

Notes to the Consolidated Financial Statements (contd.) xvii. Taxes on Income: i) Tax expenses comprises of current and deferred tax. ii) Current income tax is measured at the amount expected to be paid to the tax authorities by the components (holding and subsidiary companies) and in accordance with the Income tax laws of the respective countries in which they are incorporated. iii) Deferred tax is recognized, on timing differences, being the difference between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent periods. xviii. Accounting for Leases: Lease income from non cancellable operating leases are recognized in the Statement of Profit and Loss, on straight line basis, over the non-cancellable lease term. In respect of other operating leases, lease income is recognized in accordance with the terms of the lease deeds as modified based on negotiations from time to time. xix. xx. xxi. Impairment of assets: The group evaluates all its assets for assessing any impairment and accordingly recognizes the impairment wherever applicable as provided in Accounting Standards 28 “Impairment of Assets”. Provisions and Contingencies: A provision is recognized when there is 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. Earnings per share: Earnings per equity share (basic/diluted) is arrived at by dividing the net profit or loss for the period attributable to the equity share holders by the weighted average number of equity shares outstanding during the year. 74
Notes to the Consolidated Financial Statements (contd.) 2. Share Capital Authorised 100,000,000 (2012: 100,000,000 Equity Shares of ` 10/- each Issued, Subscribed and Paid-up 66,818,521 (2012: 66,818,521) Equity Shares of ` 10/- each fully paid up. As at March 31, 2013 ` in million As at March 31, 2012 1,000.000 1,000.000 1,000.000 1,000.000 668.185 668.185 668.185 668.185 a. Reconciliation of equity shares outstanding at the beginning and at the end of the reporting year 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 March 2013 31 March 2012 Number of % holding Number of % holding shares shares 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 4,159,986 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. 75
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 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26: 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 and 38: vii. Depreciation: Notes to the Fin
Page 39 and 40: 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
Page 75: Notes to the Consolidated Financial
Page 93: SUMMARISED FINANCIALS OF SUBSIDIARY
Page 102 and 103: Notice (contd.) Notes: 1. A Member
Page 104 and 105: Notice (contd.) (iii). Personal All
Page 106 and 107: Notice (contd.) ( ` In million) Per
Page 108: Annexure to Notice Particulars of D
show all

Annual Report 2012-2013 - UB Group

Create successful ePaper yourself

Delete template?

Save as template?