SURYA NEPAL PRIVATE LIMITED - ITC i

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SURYA NEPAL PRIVATE LIMITED SCHEDULES TO THE ACCOUNTS (Contd.) SCHEDULE 4 - FIXED ASSETS GROSS BLOCK DEPRECIATION NET BLOCK Basic NRs. ` NRs. ` NRs. ` NRs. ` NRs. ` NRs. ` NRs. ` NRs . ` NRs. ` NRs. ` Description Depreciation As at As at As at As at As at As at As at As at As at As at As at As at Rates 32.03.2068 32.03.2068 Additions Additions Withdrawals/ Withdrawals/ 31.03.2069 31.03.2069 32.03.2068 32.03.2068 For For Withdrawals/ Withdrawals/ 31.03.2069 31.03.2069 31.03.2069 31.03.2069 32.03.2068 32.03.2068 (%) (16.07.2011) (16.07.2011) Adjustments Adjustments (15.07.2012) (15.07.2012) (16.07.2011) (16.07.2011) the year the year Adjustments Adjustments (15.07.2012) (15.07.2012) (15.07.2012) (15.07.2012) (16.07.2011) (16.07.2011) Land & Land Development 245,789,991 153,618,745 23,394,753 14,621,721 673,000 420,625 268,511,744 167,819,841 — — — — — — — — 268,511,744 167,819,841 245,789,991 153,618,745 Buildings 1.65 505,715,552 316,072,219 104,163,485 65,102,178 6,070,493 3,794,058 603,808,544 377,380,339 115,494,908 72,184,318 15,159,163 9,474,477 2,979,391 1,862,119 127,674,680 79,796,676 476,133,864 297,583,663 390,220,644 243,887,901 Plant and Machinery 5.30 2,865,470,728 1,790,919,205 444,494,848 277,809,280 53,869,628 33,668,518 3,256,095,948 2,035,059,967 1,434,744,878 896,715,549 294,801,921 184,251,201 53,152,848 33,220,530 1,676,393,951 1,047,746,220 1,579,701,997 987,313,747 1,430,725,850 894,203,656 Furniture and Fixtures 3.40 & 5.30 27,658,092 17,286,307 2,069,669 1,293,543 1,644,695 1,027,934 28,083,066 17,551,916 12,819,237 8,012,022 1,941,715 1,213,572 1,591,093 994,433 13,169,859 8,231,161 14,913,207 9,320,755 14,838,855 9,274,285 Vehicles 5.30 80,131,003 50,081,877 46,182,359 28,863,974 — — 126,313,362 78,945,851 17,133,426 10,708,391 7,533,589 4,708,493 — — 24,667,015 15,416,884 101,646,347 63,528,967 62,997,577 39,373,486 Computers 7.30 54,734,545 34,209,091 58,300,137 36,437,586 2,363,266 1,477,041 110,671,416 69,169,636 28,347,191 17,716,995 9,338,756 5,836,723 2,248,223 1,405,139 35,437,724 22,148,579 75,233,692 47,021,057 26,387,354 16,492,096 Office Equipments 5.30 69,137,563 43,210,977 13,801,725 8,626,078 573,603 358,502 82,365,685 51,478,553 18,543,177 11,589,486 15,803,283 9,877,052 501,804 313,628 33,844,656 21,152,910 48,521,029 30,325,643 50,594,386 31,621,491 Total 3,848,637,474 2,405,398,421 692,406,976 432,754,360 65,194,685 40,746,678 4,475,849,765 2,797,406,103 1,627,082,817 1,016,926,761 344,578,427 215,361,518 60,473,359 37,795,849 1,911,187,885 1,194,492,430 2,564,661,880 1,602,913,673 2,221,554,657 1,388,471,660 Capital Work-in-Progress and in Transit 144,122,586 90,076,616 891,606,649 557,254,156 629,093,865 393,183,666 406,635,370 254,147,106 — — — — — — — — 406,635,370 254,147,106 144,122,586 90,076,616 Grand Total 3,992,760,060 2,495,475,037 1,584,013,625 990,008,516 694,288,550 433,930,344 4,882,485,135 3,051,553,209 1,627,082,817 1,016,926,761 344,578,427 215,361,518 60,473,359 37,795,849 1,911,187,885 1,194,492,430 2,971,297,250 1,857,060,779 2,365,677,243 1,478,548,276 Previous Year 3,351,469,043 2,094,668,152 1,514,166,607 946,354,131 872,875,590 545,547,246 3,992,760,060 2,495,475,037 1,383,610,520 864,756,575 269,701,443 168,563,403 26,229,146 16,393,217 1,627,082,817 1,016,926,761 2,365,677,243 1,478,548,276 Depreciation for the year includes additional depreciation amounting to NRs. 93,283,088 (` 58,301,930) {2067-68 (2010-11) NRs. 34,181,855 (` 21,363,659)} arising from change in estimated useful life of certain plant and machinery and other assets. 203
SURYA NEPAL PRIVATE LIMITED SCHEDULES TO THE ACCOUNTS (Contd.) Figures in NRs. Figures in ` Figures in NRs. Figures in ` As at As at As at As at 31st Asadh 2069 31st Asadh 2069 32nd Asadh 2068 32nd Asadh 2068 (15th July, 2012) (15th July, 2012) (16th July, 2011) (16th July, 2011) SCHEDULE - 5 : INVESTMENTS - LONG TERM Investment in Stocks issued by Nepal Government 5% Bikash Rinpatra, 2071 * 84,250,000 52,656,250 84,250,000 52,656,250 Investment in Promissory Note issued by Nepal Government 6.5% Bikash Rinpatra, 2075 * 25,632,338 16,020,211 25,632,338 16,020,211 109,882,338 68,676,461 109,882,338 68,676,461 * Pledged with a bank for obtaining letter of credit, guarantee facilities. SCHEDULE - 6 : INVENTORIES Stores & Supplies (including in-transit) 119,165,998 74,478,749 67,000,391 41,875,244 Raw Materials (including in-transit) 937,685,253 586,053,283 941,555,595 588,472,247 Stock - In - Process 9,288,015 5,805,009 48,897,470 30,560,919 Finished Goods At Cost 1,343,493,938 839,683,711 1,105,949,490 691,218,431 At Net Realisable Value 14,452,236 9,032,648 5,401,198 3,375,749 2,424,085,440 1,515,053,400 2,168,804,144 1,355,502,590 SCHEDULE - 7 : SUNDRY DEBTORS (Receivable within twelve months, unless otherwise stated) Due for more than six months Good and Secured — — 222,269 138,918 Good and Unsecured From Holding Company — — 2,160,000 1,350,000 From Others 3,574,846 2,234,279 3,206,036 2,003,773 Doubtful and Unsecured - From Others 89,051 55,657 — — Due for less than six months - considered good Secured 1,435,752 897,345 1,527,117 954,448 Unsecured From Holding Company — — 20,751,909 12,969,943 From Others 51,286,616 32,054,135 64,409,083 40,255,677 56,386,265 35,241,416 92,276,414 57,672,759 Less: Provision for Doubtful Debts 89,051 55,657 — — 56,297,214 35,185,759 92,276,414 57,672,759 SCHEDULE - 8 : CASH AND BANK BALANCES Cash on Hand 56,639 35,399 74,092 46,308 Cheques on Hand 1,057,677 661,048 — — Cash at Bank Current Account 1,867,692 1,167,308 7,093,018 4,433,135 Savings Account (Provident Fund) 57,078 35,674 54,417 34,011 Short Term - Call Deposits 33,417,675 20,886,047 7,102,691 4,439,182 36,456,761 22,785,476 14,324,218 8,952,636 SCHEDULE - 9 : LOANS & ADVANCES (Recoverable within twelve months, unless otherwise stated) Receivables from Holding Company (Net) 2,989,298,544 1,868,311,590 1,684,771,406 1,052,982,129 Loan/Advance to Employees [Includes NRs. 76,874,812 (` 48,046,758) {(2067-68 (2010-11) - 88,263,194 55,164,496 101,624,407 63,515,254 NRs. 88,560,703 (` 55,350,439)} recoverable after twelve months] Margin Money Deposit 104,812 65,508 160,198 100,124 Advance to Others* 137,305,167 85,815,729 36,607,793 22,879,870 Prepaid Expenses 3,816,408 2,385,255 4,152,510 2,595,318 Accrued Interest Receivable 550,310 343,944 832,749 520,468 Deposits: With Government Authorities 204,148,640 127,592,900 64,286,000 40,178,750 With Others 14,032,664 8,770,415 12,289,993 7,681,246 3,437,519,739 2,148,449,837 1,904,725,056 1,190,453,159 Less: Provision for Doubtful Advance 2,849,761 1,781,101 6,438,033 4,023,771 3,434,669,978 2,146,668,736 1,898,287,023 1,186,429,388 * Includes Capital Advance NRs. 104,951,446 (` 65,594,654) {2067-68 (2010-11) - NRs. 10,266,478 (` 6,416,549)} SCHEDULE - 10 : SHORT TERM BORROWINGS Secured Cash Credit/Overdraft Facilities from Banks * 404,210,497 252,631,561 733,247,775 458,279,859 404,210,497 252,631,561 733,247,775 458,279,859 * Secured by charge over certain land and building of the Company. SCHEDULE - 11 : CURRENT LIABILITIES (Payable within twelve months, unless otherwise stated) Interest Accrued but not due on Borrowings * 8,832,795 5,520,497 1,483,118 926,949 Retention Money 10,921,337 6,825,836 7,701,794 4,813,621 Sundry Creditors 787,983,577 492,489,738 625,755,214 391,097,009 Advances From Wholesale Dealers 161,942,855 101,214,284 190,797,357 119,248,348 Deposits From Wholesale Dealers 5,300,000 3,312,500 5,900,000 3,687,500 Other Liabilities 31,872,471 19,920,294 20,332,845 12,708,030 1,006,853,035 629,283,149 851,970,328 532,481,457 * Includes interest accrued on long term loan from Holding Company, ITC Limited NRs. 8,432,877 (` 5,270,548) {2067-68 (2010-11) - NRs. Nil (` Nil)} SCHEDULE - 12 : ROVISIONS Provision for Income Tax 91,520,531 57,200,332 77,304,106 48,315,066 [Net of payment of Income Tax Advance/Deposits amounting to NRs. 1,383,470,233 (` 864,668,896) {2067-68 (2010-11) - NRs. 1,179,032,927 (` 736,895,579)}] Provision for Retirement and Other Employee Benefits 101,071,534 63,169,709 40,816,644 25,510,403 Provision for Interim Dividend 403,200,000 252,000,000 312,480,000 195,300,000 Provision for Proposed Final Dividend 2,399,040,000 1,499,400,000 1,935,360,000 1,209,600,000 2,994,832,065 1,871,770,041 2,365,960,750 1,478,725,469 204
Page 1 and 2: SURYA NEPAL PRIVATE LIMITED REPORT
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Page 5 and 6: SURYA NEPAL PRIVATE LIMITED PROFIT
Page 7: STATEMENT OF CHANGE IN EQUITY FOR T
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Page 13: SURYA NEPAL PRIVATE LIMITED SCHEDUL

SURYA NEPAL PRIVATE LIMITED - ITC i

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