2007-08 - Aditya Birla Nuvo, Ltd

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SCHEDULES FORMING PART OF CONSOLIDATED FINANCIAL STATEMENTSRs. CroresParticulars FY 2008 FY 2007b) Assets given under Operating LeaseThe Gross carrying amount of the above referred assets 4.90 4.90The accumulated depreciation for the above assets 1.36 1.12The depreciation for the above assets for the year 0.23 0.23The future minimum lease rental in respect ofaforesaid lease is as follows:i) Not later than one year 1.71 1.70ii) Later than one year and not later than five years 2.53 2.95iii) Later than five years 0.46 0.54CONSOLIDATED ACCOUNTS15. Derivatives Informationa) The Company, time to time, holds financial derivatives instruments primarily for hedging purposes. In pursuanceof the announcement dated 29 th March, 2008, of the ICAI, the Company has decided to account for losses, ifany, on derivative transactions, on net basis, after considering effects of underlying exposures/commitments/obligations. As there was no such loss at the end of the year, the above change does not have any effect onthe profit for the year.b) Derivatives : Outstanding as at Balance Sheet DateAmount in Foreign Currency2008 2007PurposeCurrency & Interest Rate Swap USD — 2,000,000 Hedging of LoanCurrency & Interest Rate Swap Jyen 12,426,028,000 7,906,372,000 Hedging of LoanBuyers Credit Jyen 8,110,215,428 — Hedging of LoanBuyers Credit USD 99,802,055 31,906,071 Hedging of LoanForward Contracts USD 144,178,895 65,291,603 Hedging PurposeForward Contracts Jyen 4,027,483,886 32,100,000 Hedging PurposeForward Contracts Euro 2,808,522 229,513 Hedging PurposeForward Contracts GBP 4,714,985 1,159,000 Hedging PurposeForward Contracts CAD 20,530,000 — Hedging PurposeForward Contracts AUD 5,900,726 — Hedging PurposeBought Options to Sell 24,000,000 70,000,000 Hedging PurposeSold Options to Buy 24,000,000 101,000,000 Hedging Purpose(144)
SCHEDULES FORMING PART OF CONSOLIDATED FINANCIAL STATEMENTSc) Foreign Currency exposure which are not hedged as at Balance Sheet Date:Receivable Payable NetUSD 47,669,060 113,115,684 -65,446,624(26,251,066) (112,811,324) (-86,560,258)Euro 2,833,394 1,545,249 1,288,145(1,018,777) (2,529,323) (-1,510,546)GBP 1,822,451 449,130 1,373,321(1,315,617) (1,251,633) (63,984)A $ 40,539 — 40,539(6,362) — (6,362)Jyen 12,705,594 12,085,468 620,126(9,250,651) (16,206,303) (-6,955,652)HKD 1,724,985 62,674 1,662,311(975,000) (47,205) (927,795)Figures in brackets represent corresponding amount of previous year.16. For Segment Information — Refer Annexure - IISegments have been identified in line with the Accounting Standard on Segment Reporting (AS-17), taking intoaccount the organisational structure as well as differential risk and returns of these segments.GarmentsBranded Apparels and Accessories, Contract ExportsRayonViscose Filament Yarn, Caustic Soda and Allied ChemicalsCarbon BlackCarbon BlackInsulatorsInsulatorsTextilesSpun Yarn and FabricsFertilisersUrea, Pesticides and Argon GasFinancial ServicesRetail Asset Finance, Corporate Finance, Capital Market,Syndication, Insurance Advisory, Asset Management andBrokerage IncomeSoftwareSoftware ServicesLife InsuranceLife Insurance ServicesTelecomTelecommunication ServicesBPOBusiness Process Outsourcing ServicesThe Reporting Company considers secondary segment based on revenues within India as Domestic Revenues andoutside India as Export Revenues. Since assets are used interchangeably, carrying amount of assets and costincurred during the period to acquire assets based on secondary segment has not been disclosed.CONSOLIDATED ACCOUNTS17. For Cash Flow Statement — Refer Annexure - III.18. Previous year’s figures 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.VIKAMSEYPer HEMAL SHAHPartner Partner DEVENDRA BHANDARIM. No. 2242 M. No. 42650 Company SecretaryMumbai, April 30, 2008(145)
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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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AUDITORS’ REPORT TO THE MEMBERSAn
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AUDITORS’ REPORT TO THE MEMBERS(x
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PROFIT & LOSS ACCOUNT FOR THE YEAR
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SCHEDULESSCHEDULE 2RESERVES & SURPL
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SCHEDULESRs. CroresAs atAs atFace V
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SCHEDULESSCHEDULE 7INVENTORIESAs at
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SCHEDULESRs. CroresYear EndedYear E
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SCHEDULESSCHEDULE 19SIGNIFICANT ACC
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SCHEDULESSCHEDULE 19 (Contd.)SIGNIF
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Page 121 and 122: SEGMENT DISCLOSURES FOR THE YEAR EN
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Page 164: ADITYA BIRLA NUVO LIMITEDRegistered
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2007-08 - Aditya Birla Nuvo, Ltd

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