2007-08 - Aditya Birla Nuvo, Ltd

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SCHEDULESExpenses towards gratuity and leave encashment provisions are determined actuarially on an overall companybasis at the end of each year, and accordingly have not been considered in the above information. EmployeeCompensation under Employee Stock Options Scheme has also not been considered in the above information.27. a) Interest earned from Financial Services Activity is included in Income from Operations. Other Interest earnedis netted off from Interest and other Finance Expenses.b) Other Interest include Interest on Income Tax Refund of Rs. 15.91 Crores (Previous Year: 3.87 Crores).c) Government of India has notified the revised New Price Support Scheme (NPS-III) for fertiliser on 8 th March,2007, with effect from 1 st October, 2006, and is in the process of fixing certain norms under the revisedscheme. Pending fixation of final price, the price support for the year has been accounted for provisionally, onan estimated basis, inter alia, taking into account input price escalation/de-escalation and other claims.d) The Company is one of the Promoter members of Aditya Birla Management Corporation Private Limited, acompany limited by guarantee, which has been formed to provide a common pool of facilities and resourcesto its members, with a view to optimise the benefits of specialisation and minimise cost to each member. TheCompany’s share of expenses under the common pool has been accounted for under the appropriate heads.28. a) For additional information as required under paras 3, 4C and 4D of Part II of Schedule VI to the Companies Act,1956 — Refer Annexure - II.b) For Segment Information — Refer Annexure - III.Segments have been identified in line with the Accounting Standard on Segment Reporting (AS-17), takinginto account the organisational structure as well as differential risk and returns of these segments.GarmentsRayonCarbon BlackInsulatorTextilesFertilisersFinancial ServicesBranded Apparels and AccessoriesViscose Filament Yarn, Caustic Soda and Allied ChemicalsCarbon BlackInsulatorsSpun Yarn and FabricsUrea, Pesticides and Argon GasRetail Asset Finance, Corporate Finance, Capital Market,SyndicationThe Company considers secondary segment based on revenues within India as Domestic Revenues and outsideIndia as Export Revenues. Since assets are used interchangeably, carrying amount of assets and cost incurredduring the year to acquire assets based on secondary segment have not been disclosed.29. Figures of Rs. 50,000 or less have been denoted by β.30. Figures of previous year have been regrouped/rearranged wherever necessary.For KHIMJI KUNVERJI & CO. For S. R. BATLIBOI & CO. Dr. BHARAT K. SINGH Directors: TARJANI VAKILChartered Accountants Chartered Accountants Managing Director P. MURARIB. R. GUPTAADESH GUPTAG. P. GUPTAWholetime Director & CFOPer SHIVJI K. VIKAMSEY per HEMAL SHAH DEVENDRA BHANDARIPartner Partner Company SecretaryM. No. 2242 M. No. 42650Mumbai, April 30, 2008(108)
SCHEDULESSCHEDULE 19 (Contd.)SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTSANNEXURE - Ia) List of Related Parties:I. Parties where control exists — Subsidiaries:Aditya Birla Insulators Limited (ABIL) (w.e.f. November 29, 2006, and merged with the Company w.e.f. April 01, 2007)Aditya Birla Minacs Philippines Inc. (formerly TransWorks BPO Philippines Inc.) (ABMPI) (Subsidiary of ABMWL)(w.e.f. November 03, 2006)Aditya Birla Minacs Worldwide Limited (ABMWL) (formerly Transworks Information Services Ltd.)Aditya Birla Telecom Limited (ABTL) ) (upto February 28, 2007)Aditya Vikram Global Trading House Limited (AVGTHL)AV TransWorks Limited, Canada (AVTL) (Subsidiary of ABMWL w.e.f. June 16, 2006)BGFL Corporate Finance Private Limited (BGCFPL)Birla Global Finance Company Limited (BGFCL)Birla Insurance Advisory & Broking Services Limited (formerly Birla Insurance Advisory Services Ltd.) (BIABSL)(Subsidiary of BGCFPL)Birla Sun Life Insurance Company Limited (BSLICL)Birla Technologies Limited (Subsidiary of PSI)Crafted Clothing Private Limited (CCPL) (w.e.f. August 03, 2006)Laxminarayan Investment Limited (LIL)Madura Garments Export Limited (MGEL)Madura Garments Exports US, Inc. (Subsidiary of MGEL)Madura Garments International Brand Company Limited (MGIBCL) (Subsidiary of LIL)Madura Garments Lifestyle Retail Company Limited (MGLRCL) (Subsidiary of LIL)Minacs Kft. (Subsidiary of Minacs GmbH) (w.e.f. August 18, 2006)Minacs Limited (Subsidiary of MWI) (w.e.f. August 18, 2006)Minacs Worldwide Inc. Canada (MWI) (Subsidiary of AVTL) (w.e.f. August 18, 2006)Minacs Worldwide S.A. de C.V. (Subsidiary of MWI) (w.e.f. August 18, 2006)Peter England Fashions and Retail Limited (PEFRL) (Subsidiary of LIL)PSI Data Systems Limited (PSI)The Minacs GmbH (Subsidiary of Minacs Ltd.) (w.e.f. August 18, 2006)The Minacs Group (Subsidiary of MWI) (w.e.f. August 18, 2006)Transworks Inc. USA (Subsidiary of ABMWL)(109)
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Mr. G. D. Birla and Mr. Aditya Birl
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THE CHAIRMAN’S LETTER TO SHAREHOL
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THE CHAIRMAN’S LETTER TO SHAREHOL
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ADITYA BIRLA NUVO LIMITEDBOARD OF D
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FINANCIAL HIGHLIGHTS - STANDALONERs
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MANAGEMENT’S DISCUSSION AND ANALY
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CORPORATE GOVERNANCE REPORTGovernan
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CORPORATE GOVERNANCE REPORT1. Manag
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CORPORATE GOVERNANCE REPORTEmployee
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CORPORATE GOVERNANCE REPORTAll the
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CORPORATE GOVERNANCE REPORTMEANS OF
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SOCIAL REPORTTranscending BusinessS
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SOCIAL REPORTMaking a difference -
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ENVIRONMENT REPORTElements for the
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SHAREHOLDER INFORMATION6c. Domestic
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SHAREHOLDER INFORMATION12. Share Tr
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SHAREHOLDER INFORMATION16. Demateri
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SHAREHOLDER INFORMATION21. Per Shar
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SHAREHOLDER INFORMATIONAccordingly,
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Page 121 and 122: SEGMENT DISCLOSURES FOR THE YEAR EN
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ANNEXURE ‘A’ OF STATEMENT U/S 2
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ANNEXURE ‘A’ OF STATEMENT U/S 2
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ADITYA BIRLA NUVO LIMITEDRegistered
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2007-08 - Aditya Birla Nuvo, Ltd

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