2007-08 - Aditya Birla Nuvo, Ltd

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CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH, 2008CONSOLIDATED ACCOUNTSRs. CroresAs atAs atSchedule 31-Mar-2008 31-Mar-2007SOURCES OF FUNDSShareholders’ Funds:Equity Share Capital 1 95.01 93.31Preference Share Capital 1A 50.00 —Share Warrants (Refer Note No. 8 of Schedule 20) 377.41 —Reserves & Surplus 2 3,510.45 3,026.294,032.87 3,119.60Minority Interest 174.41 143.27Loan Funds:Secured Loans 3 4,507.65 4,079.99Unsecured Loans 4 2,140.21 1,381.606,647.86 5,461.59Deferred Tax Liabilities 226.19 179.64Policyholders’ Fund 6,484.67 3,761.95Fund for Future Appropriations 25.88 0.03Total Funds Employed 17,591.88 12,666.08APPLICATION OF FUNDSFixed Assets:Goodwill on Consolidation 2,571.04 2,594.89Gross Block 5 8,536.34 6,552.77Less: Accumulated Depreciation 3,529.86 3,156.66Net Block 5,006.48 3,396.11Capital Work-in-Progress 441.32 381.455,447.80 3,777.56Investments 6 7,367.02 4,543.39Current Assets, Loans & Advances:Inventories 7 834.74 558.37Sundry Debtors 8 1,203.43 990.73Cash & Bank Balances 9 793.99 815.85Interest Accrued on Investments 13.63 10.27Loans & Advances 10 1,810.88 1,059.404,656.67 3,434.62Less: Current Liabilities & Provisions: 11Current Liabilities 2,300.89 1,607.85Provisions 149.76 76.532,450.65 1,684.38Net Current Assets 2,206.02 1,750.24Total Funds Utilised 17,591.88 12,666.08Significant Accounting Policies and Notes on Accounts 20Schedules referred to above form an integral part of the AccountsAs per our attached Report of even dateFor 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.VIKAMSEYPer HEMAL SHAHPartner Partner DEVENDRA BHANDARIM. No. 2242 M. No. 42650 Company SecretaryMumbai, April 30, 2008(124)
CONSOLIDATED PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2008Rs. CroresYear Ended Year EndedSchedule 2007-08 2006-07INCOMEIncome from Operations 12 12,347.35 8,542.93Less: Excise Duty 213.31 176.16Net Income from Operations 12,134.04 8,366.77Other Income 13 93.13 63.8612,227.17 8,430.63EXPENDITURE(Increase)/Decrease in Stocks 14 (93.22) (53.84)Cost of Materials 15 2,261.79 1,962.69Salaries,Wages and Employee Benefits 16 1,995.42 1,262.80Manufacturing, Selling and Other Expenses 17 3,921.53 2,600.36Change in valuation of liability in respect of Life 18 3,040.39 1,519.04Insurance policies in forceInterest and Other Finance Expenses (Net) 19 425.02 363.3311,550.93 7,654.38Profit before Depreciation/Amortisation and Exceptional Items 676.24 776.25Depreciation/Amortisation 524.94 422.78Profit before Exceptional Items and Tax 151.30 353.47Exceptional ItemsLess : Loss/(Gain) due to Exceptional Items (0.73) 2.01Add: Profit on Disposal of Subsidiary — 2.53Profit after Exceptional Items 152.03 353.99Provision for Taxation - Current Tax 103.58 114.58- Deferred Tax 45.57 18.37- Fringe Benefit Tax 11.84 9.26Write Back of excess provision for Tax/Income Tax refundrelated to earlier years (Net) (35.13) (30.31)Net Profit before Minority Interest 26.17 242.09Minority Interest in the Loss of Consolidated Subsidiaries (124.61) (38.34)Share of Profit/(Loss) of Associate — 0.46Net Profit 150.78 280.89Balance Brought Forward (565.84) (281.20)Adjustment Due to AS-15 — (8.26)Amount Transferred on change in stake in Subsidiaries/Joint Ventures 18.41 (348.39)Profit Available for Appropriation (396.65) (356.96)APPROPRIATIONSProposed Dividend on Equity Shares 54.63 —Proposed Dividend on Preference Shares 0.01 —Interim Dividend 1.64 51.32Corporate Tax on Dividend 9.58 7.29General Reserve 175.00 150.05Special Reserve 4.97 0.22Surplus/(Deficit) Carried to Balance Sheet (642.48) (565.84)(396.65) (356.96)}Basic Earnings per Share - Rs. 15.95 31.96Dilutive Earnings per Share - Rs. (Refer Note No. 13 of Schedule 20) 15.94 31.95(Face Value of Rs. 10/- each)Significant Accounting Policies and Notes on Accounts 20Schedules referred to above form an integral part of the AccountsAs per our attached Report of even dateFor 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.VIKAMSEYPer HEMAL SHAHPartner Partner DEVENDRA BHANDARIM. No. 2242 M. No. 42650 Company SecretaryMumbai, April 30, 2008CONSOLIDATED ACCOUNTS(125)
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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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DIRECTORS’ REPORT TO THE SHAREHOL
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ANNEXURE ‘A’ TO THE DIRECTORS
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ANNEXURE ‘B’ TO DIRECTORS’ RE
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Page 164: ADITYA BIRLA NUVO LIMITEDRegistered
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2007-08 - Aditya Birla Nuvo, Ltd

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