UBHL annual report - United Spirits Limited

More documents

Recommendations

Info

Consolidated Financial StatementsNotes to the financial statements for the year ended March 31, 2012 (Contd.)Notes:a. Segment accounting policies are in line with the accounting policy of the Company.b. Segment revenue includes sales and other income directly identifiable with/allocable to the segment including intersegmentrevenues.c. Expenses that are directly identifiable with/allocable to segment are considered for determining the segment results. Expenseswhich relates to the group as a whole and not allocable to segments, are included under “Unallocable Corporate expenses”.d. Income which relates to the group as a whole and not allocable to segments is included in “Unallocable Corporate income”e. Segment revenue resulting from transactions with other segments is accounted on the basis of transfer price agreed betweenthe segments. Such transfer prices are either determined to yield a desired margin or agreed on a negotiated basis.f. Segment assets and liabilities includes those directly identifiable with the respective segments. Unallocable corporate assetsand liabilities represents the assets and liabilities that relates to the company as a whole and not allocable to any segments.Unallocable assets mainly comprise trade investments in associate companies. Unallocable liabilities include mainly loan fundsand proposed dividend.103
Consolidated Financial StatementsNotes to the financial statements for the year ended March 31, 2012 (Contd.)26. Related Party Disclosuresa) Names of related parties and description of relationshipAssociates with whomtransactions have taken placeduring the yearKey ManagementpersonnelUB Distilleries Limited a) Mr. V K Rekhi -April 01, 2011 toApril 18, 2011Employees’ Benefit Plans wherethere is significant influenceMcDowell & Company Limited StaffGratuity Fund (McD SGF)Promoter Holdingtogether with its Subsidiaryis more than20%United Breweries(Holdings) Limited(UBHL)b) Mr. Ashok Capoor- May 02, 2011onwardsMcDowell & Company LimitedOfficers ‘Gratuity Fund (McD OGF)Wine Soc of India Private Limited Managing Director SWDL Group Officers Gratuity Fund(SWDL OGF)^SWDL Employees Gratuity Fund(SWDL EGF)^Phipson & Company LimitedManagement Staff Gratuity Fund.(PCL SGF)^Phipson & Company LimitedGratuity Fund. (PCL GF)^Carew & Company Ltd. GratuityFund (CCL GF)^McDowell & Company LimitedProvident Fund (McD PF)Shaw Wallace & AssociatedCompanies Employees’ GratuityFund^Shaw Wallace & AssociatedCompanies Executive Staff GratuityFund^Shaw Wallace & AssociatedCompanies Provident Fund^Whyte and Mackay Pension SchemeBalaji Distilleries Employees GratuityTrustNotes:^ No transactions during the year.104
Page 10 and 11:
The TeamAshok CapoorPresident & MDP
Page 16 and 17:
Report of the DirectorsYour Directo
Page 18 and 19:
Report of the Directors (Contd.)Cou
Page 20 and 21:
Report of the Directors (Contd.)ANN
Page 22 and 23:
Report of the Directors (Contd.)SL.
Page 24 and 25:
Corporate Governance Report (Contd.
Page 26 and 27:
Page 28 and 29:
Page 30 and 31:
Page 32 and 33:
CERTIFICATE ON CORPORATE GOVERNANCE
Page 34 and 35:
Annexure to Report of the Directors
Page 36 and 37:
Page 38 and 39:
Page 40 and 41:
Annexure to the Auditors' ReportAnn
Page 42 and 43:
Appendix 1* to the Auditor's Report
Page 44 and 45:
Statement of Profit and Loss for th
Page 46 and 47:
Cash Flow statement for the year en
Page 48 and 49:
Notes to the financial statements f
Page 50 and 51:
Page 52 and 53:
Page 54 and 55:
Page 56 and 57:
Page 58 and 59:
Page 60 and 61:
Page 62 and 63:
Page 64 and 65:
Page 66 and 67:
Page 68 and 69: Notes to the financial statements f
Page 78 and 79: Statement Pursuant to Section 212(1
Page 80 and 81: Statement Pursuant to Section 212(1
Page 82 and 83: Auditors' Report to the Board of Di
Page 84 and 85: Consolidated Financial StatementsSt
Page 86 and 87: Consolidated Financial StatementsCa
Page 88 and 89: Consolidated Financial StatementsNo
Page 122: Consolidated Financial StatementsNo
show all

UBHL annual report - United Spirits Limited

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?