president & cfo - UB Group

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Consolidated Financial StatementBalance Sheet as at March 31, 2009Rs. MillionSchedule 2009 2008SOurcEs Of FuNdsShareholders’ FundsShare Capital 1 1,001.633 885.744Share Capital Suspense 1A 28.239 -Reserves and Surplus 2 22,826.141 19,886.905Minority Interest 62.854 1,992.239Loan FundsSecured Loans 3 69,926.045 65,270.189Unsecured Loans 4 3,678.829 771.175Term Liability towards Franchisee rights [Schedule 19 Note 4] 4,431.413 -Deferred Tax Liability (Net) [Schedule 19 Note 15(b)] - 18.029101,955.154 88,824.281ApplicatiON Of FuNdsa) Fixed Assets 5Gross Block 22,919.456 16,985.241Less: Depreciation 6,649.966 6,357.133Net Block 16,269.490 10,628.108Capital Work in Progress 288.382 534.43216,557.872 11,162.540b) Goodwill on Consolidation 44,738.318 53,259.734Investments 6 9,501.457 2,119.087Deferred Tax Asset (Net) [Schedule 19 Note 15(b)] 917.977 -Foreign Currency Monetory Item Translation Difference [Schedule 19 Note17(d)(ii)] 5,597.523 -Current Assets, Loans and AdvancesInventories 7 17,458.044 14,850.027Sundry Debtors 8 8,879.604 8,369.997Cash and Bank Balances 9 4,490.023 5,437.838Other Current Assets 10 2,145.024 1,469.204Loans and Advances 11 7,399.294 4,350.57240,371.989 34,477.638Less: Current Liabilities and Provisions 12Liabilities 13,878.812 11,933.516Provisions 2,584.477 1,227.97216,463.289 13,161.488Net Current Assets 23,908.700 21,316.150Miscellaneous Expenditure ( to the extent not written off) 13 733.307 966.770Statement on Significant Accounting Policies 18Notes on Accounts 19The Schedules referred to above and the notes thereon form an integral part of the Accounts.101,955.154 88,824.281This is the Consolidated Balance Sheet referred to in our report of even dateJ. MAJUMDAR M. R. DORAISWAMY IYENGAR V. K. REKHIPartner Director Managing DirectorFor and on behalf ofPrice Waterhouse V. S. VENKATARAMAN P. A. MURALIChartered Accountants Company Secretary Chief Financial OfficerBangaloreBangaloreJuly 29, 2009 July 29, 200976
Consolidated Financial StatementProfit and Loss Account for the year ended March 31, 2009Rs. MillionSchedule 2009 2008INcOmESales (Gross) 88,991.063 71,710.354Less: Excise Duty 38,449.701 28,993.74950,541.362 42,716.605Income arising from Sale by Manufacturers under ‘Tie-up' agreements (Tie-up units) 2,286.740 2,393.603Income from Brand Franchise 1,417.905 1,165.041Income from IPL Franchise 434.608 -Other Income 14 1,038.408 1,063.17255,719.023 47,338.424EXpENditurEMaterials 15 26,909.455 20,905.933Manufacturing and Other Expenses 16 20,067.629 14,670.312Interest and Finance charges 17 7,175.643 5,447.563Exchange Loss (Net) 3,809.315 81.16857,962.042 41,104.976Profit before Exceptional and Other (2,243.019) 6,233.448Non-Recurring items, Depreciation and TaxationDepreciation 925.839 741.412Profit before Exceptional and OtherNon-Recurring Items and Taxation (3,168.858) 5,492.036Exceptional and Other Non-Recurring Items (Net) - Contingency Provision Written Back - 181.258(Loss)/ Profit before Taxation and before share in Profit/Losses) of Associates (3,168.858) 5,673.294Provision for Taxation:Current Tax 1,815.351 1,841.299Deferred Tax (949.703) 773.129Fringe Benefit Tax 50.063 46.815(Loss)/Profit after Taxation and before share in (4,084.569) 3,012.051Profits/(Losses) of AssociatesShare in Profits/ (losses) of Associates (Net) (1.308) (7.419)(Loss) / Profit before Minority Interest (4,085.877) 3,004.632Minority Interest in (Profit)/Loss (1.741) (284.048)Net (Loss)/ Profit for the year (4,084.136) 2,720.584Profit brought forward from previous year 8,036.929 5,822.345Profit transferred on Amalgamation [Schedule 19 Note 2(D)] (162.543) -3,790.250 8,542.929Appropriations:Proposed DividendEquity Shares - Interim 8.552 -Equity Shares - Final 206.280 132.623Corporate Tax on Proposed Dividend 36.679 25.877Transfer to Capital Redemption Reserve - 77.500Transfer to General Reserve 350.000 270.000Profit carried to Balance Sheet 3,188.739 8,036.929Basic Earnings Per Share (Rs.) (Face Value of Rs.10 each) (39.66) 31.59Diluted Earnings Per Share (Rs.) (Face Value of Rs.10 each) (39.66) 31.11Statement on Significant Accounting Policies 18Notes on Accounts 19The Schedules referred to above and the notes thereon form an integral part of the Accounts.This is the Consolidated Profit and Loss Account referred to in our report of even dateJ. MAJUMDAR M. R. DORAISWAMY IYENGAR V. K. REKHIPartner Director Managing DirectorFor and on behalf ofPrice Waterhouse V. S. VENKATARAMAN P. A. MURALIChartered Accountants Company Secretary Chief Financial OfficerBangaloreBangaloreJuly 29, 2009 July 29, 200977
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CONTENTSDr. Vijay MallyaChairmanRep
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Report of the DirectorsYour Directo
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Report of the Directors (Contd.)The
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Report of the Directors (Contd.)ANN
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Report of the Directors (Contd.)SL.
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Corporate Governance Report1. COMPA
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Corporate Governance Report (Contd.
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Annexure to Report of the Directors
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Auditors' Report to the Members of
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Annexure to the Auditors' Report (C
Page 30 and 31: Balance Sheet as at March 31, 2009S
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Page 74 and 75: Statement Pursuant To Section 212(1
Page 76 and 77: Details of Subsidiary CompaniesName
Page 78 and 79: BALANCE SHEET ABSTRACTBALANCE SHEET
Page 82 and 83: Consolidated Financial StatementCas
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