2007-08 - Aditya Birla Nuvo, Ltd

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SCHEDULESYear Ended31-Mar-2008Rs. CroresYear Ended31-Mar-2007SCHEDULE 16SALARIES, WAGES AND EMPLOYEE BENEFITSPayments to and Provisions for Employees:Salaries, Wages and Bonus 217.35 162.68Contribution to Provident and Other Funds 25.43 17.57Welfare Expenses 14.74 12.98Employee Compensation under ESOP 0.68 —(Refer Note No. 5 of Schedule 19)258.20 193.23SCHEDULE 17MANUFACTURING, SELLING AND OTHER EXPENSESConsumption of Stores & Spares 105.61 76.77Power & Fuel 359.66 333.75Processing Charges 83.27 78.92Commission to Selling Agents 64.85 76.86Brokerage & Discounts 11.85 8.39Advertisement 53.72 54.42Transportation & Handling Charges (Net) 37.92 28.35Other Selling Expenses 86.64 51.56Auditors’ Remuneration 1.35 1.42Bad Debts and Provisions for doubtful debts and advances (Net) 2.33 5.51Repairs & Maintenance of:Buildings 7.59 6.76Plant & Machinery 32.62 24.54Others 4.82 4.52Rent 72.81 34.40Rates & Taxes 3.20 5.75Insurance 10.82 12.88Donations 7.63 1.69Directors’ Fees and Travelling Expenses 0.22 0.35Research & Development Expenses 2.19 1.04Provision for diminution in the value of current investments 3.16 —Miscellaneous Expenses (Refer Note No. 15 of Schedule 19) 73.82 65.201,026.08 873.08SCHEDULE 18INTEREST AND OTHER FINANCE EXPENSESInterestOn Debentures and Fixed Loans 165.40 159.05Others 32.32 30.78Other Finance Expenses 6.75 5.57204.47 195.40Less: Interest IncomeInterest on Long Term Investments 0.85 0.39[Tax deducted at source Rs. 0.07 Crores(Previous Year : Rs. 0.04 Crores)]Other Interest 24.60 23.85[Tax deducted at source Rs. 1.23 Crores(Previous Year : Rs. 3.85 Crores)]179.02 171.16(88)
SCHEDULESSCHEDULE 19SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTSA. ACCOUNTING CONVENTION(i)BASIS OF PREPARATIONThe financial statements have been prepared under the historical cost convention on an accrual basis incompliance with all material aspect of the applicable Accounting Standards in India and the relevant provisionsof the Companies Act, 1956. The accounting policies have been consistently applied by the Company, and areconsistent with those used in the previous year.(ii)FIXED ASSETSFixed Assets are stated at cost, less accumulated depreciation and impairment loss, if any. Cost comprises thepurchase price and any attributable cost of bringing the asset to its working condition for its intended use.(iii) DEPRECIATION/AMORTISATIONa) Depreciation on Fixed Assets is provided on Straight Line Method at the rates and in the manner specifiedin the Schedule XIV of the Companies Act, 1956, except in the case of the following, where depreciation isequally charged over the estimated useful lives.Estimated useful lifeCapital Expenditure on Assets not ownedOffice ComputersVehiclesAssets at ShowroomsFurniture, Fixtures and EquipmentsLeasehold Land/ImprovementsCatalyst- 5 years- 4 years- 5 years- 5 years- 6 years- Over the primary period of the lease- On the estimated life as technicallyassessed (ranging from 1.5 to 3 years)b) INTANGIBLE ASSETS ARE AMORTISED EQUALLY OVER:Trademarks/BrandsSpecialised SoftwareGoodwill- 10 years- 3 years- Not being amortisedc) Depreciation on the Fixed Assets added/disposed off/discarded during the year is provided on pro-ratabasis with reference to the month of addition/disposal/discarding.“Continuous process plants” are classified based on technical assessment, and depreciation is providedaccordingly.(iv) IMPAIRMENT OF ASSETSThe carrying amounts of assets are reviewed at each Balance Sheet date if there is any indication of impairmentbased on internal/external factors. An asset is treated as impaired when the carrying cost of the assets exceedits recoverable value. An impairment loss, if any, is charged to the Profit and Loss Account in the year, in whichan asset is identified as impaired. Reversal of impairment losses recognised in prior years is recorded whenthere is an indication that the impairment losses recognised for the assets no longer exist or have decreased.(89)
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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
Page 39 and 40: CORPORATE GOVERNANCE REPORTAll the
Page 41 and 42: CORPORATE GOVERNANCE REPORTMEANS OF
Page 43 and 44: SOCIAL REPORTTranscending BusinessS
Page 45 and 46: SOCIAL REPORTMaking a difference -
Page 47 and 48: ENVIRONMENT REPORTElements for the
Page 49 and 50: SHAREHOLDER INFORMATION6c. Domestic
Page 51 and 52: SHAREHOLDER INFORMATION12. Share Tr
Page 53 and 54: SHAREHOLDER INFORMATION16. Demateri
Page 55 and 56: SHAREHOLDER INFORMATION21. Per Shar
Page 57 and 58: SHAREHOLDER INFORMATIONAccordingly,
Page 59 and 60: DIRECTORS’ REPORT TO THE SHAREHOL
Page 69 and 70: ANNEXURE ‘A’ TO THE DIRECTORS
Page 71 and 72: ANNEXURE ‘B’ TO DIRECTORS’ RE
Page 77 and 78: AUDITORS’ REPORT TO THE MEMBERSAn
Page 79 and 80: AUDITORS’ REPORT TO THE MEMBERS(x
Page 81 and 82: PROFIT & LOSS ACCOUNT FOR THE YEAR
Page 83 and 84: SCHEDULESSCHEDULE 2RESERVES & SURPL
Page 85 and 86: SCHEDULESRs. CroresAs atAs atFace V
Page 87 and 88: SCHEDULESSCHEDULE 7INVENTORIESAs at
Page 89: SCHEDULESRs. CroresYear EndedYear E
Page 93 and 94: SCHEDULESSCHEDULE 19 (Contd.)SIGNIF
Page 121 and 122: SEGMENT DISCLOSURES FOR THE YEAR EN
Page 123 and 124: CASH FLOW STATEMENT FOR THE YEAR EN
Page 125 and 126: AUDITORS’ REPORT ON THE CONSOLIDA
Page 127 and 128: CONSOLIDATED PROFIT & LOSS ACCOUNT
Page 129 and 130: SCHEDULES FORMING PART OF CONSOLIDA
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SCHEDULES FORMING PART OF CONSOLIDA
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SEGMENT DISCLOSURES FOR THE YEAR EN
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CONSOLIDATED CASH FLOW STATEMENT AS
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ANNEXURE ‘1’ OF STATEMENT PURSU
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STATEMENT PURSUANT TO SECTION 212(8
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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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