UBHL annual report - United Spirits Limited

Consolidated Financial StatementsNotes to the financial statements for the year ended March 31, 2012 (Contd.)Rs. Million2012 20117. Non-current Investments(Valued at Cost)Investment property (Note 3) 798.307 -Less: Accumulated Depreciation 14.982 -Net Block 783.325 -Trade investmentsQuotedIn fully paid Equity shares 0.532 87.268UnquotedIn fully paid Equity shares 161.809 14.187Associates** 31.821 61.540Add : Accumulated Profits / (Losses) of Associates(net of dividend received) (31.821) (26.346)- 35.194** Including Goodwill on acquisition of AssociatesRs. 3.518 Million (2011 : Rs. 3.518 Million) andCapital Reserve of Nil (2011 : Rs. 81.001 Million)162.341 136.649Other InvestmentsQuotedIn fully paid Equity shares 4.147 4.147In fully paid Units (Note 1) 8.374 8.374UnquotedIn fully paid Equity shares 0.130 10.838In fully paid Debentures (Non-redeemable) 0.048 0.048In Government securities 0.200 0.200Others (Note 2) 1,238.109 1,238.1091,251.008 1,261.716Total Investments 2,196.674 1,398.365Less: Provision for diminution in the value of investments 27.840 27.5132,168.834 1,370.852Aggregate value of Quoted Investments:Book value 13.053 99.789Market value 5,086.573 143.778Aggregate Book value of Unquoted Investments 2,155.781 1,271.063Notes:1. Investments in units of Unit Trust of India represent those made under Rule 3A of the Companies (Acceptance ofDeposit) Rules, 1975.2. Includes Rs. 41.140 Million (2011: Rs 41.140 Million) pertaining to 72,416,505 (2011: 72,416,505) Equity Shares ofSWBL whose beneficial ownership vested with SWFSL are kept with escrow agent in view of court order. Pursuantto a scheme of amalgamation, such beneficial interest are held in trust by the trustee of SWFSL benefit trust for thebenefit of SWBL.3. During the year there was a change to the intented use of these properties which has resulted to their reclassificationfrom Tangible Fixed Assets to investment property (carried at cost).89