UBHL annual report - United Spirits Limited

Consolidated Financial StatementsStatement of Profit and Loss for the year ended March 31, 2012Rs. MillionNote 2012 2011RevenueRevenue from Operations 12 182,335.414 142,087.556Less: Excise Duty 90,470.504 68,325.69191,864.910 73,761.865Other Income 13 2,692.122 2,111.22594,557.032 75,873.090ExpensesCost of Materials Consumed 14 46,629.746 33,765.097Purchase of Traded Goods 8,908.297 7,801.164Change in inventories of Finished Goods, Work-in-Progressand Stock-in-trade 15 (4,753.434) (3,039.839)Employee Benefits expense 16 7,246.455 4,659.223Finance Costs 17 8,359.536 4,560.034Depreciation and Amortisation Expense 1,474.149 1,023.272Other expenses 18 23,231.231 19,136.97791,095.980 67,905.928Profit before Exceptional items and Taxation 3,461.052 7,967.162Exceptional items [Refer Note 19] (108.163) 368.399Profit before Taxation and before share in Profits /(Losses) of Associates 3,352.889 8,335.561Tax Expense:Current Tax 1,713.099 1,927.827Deferred Tax Charge / (Credit) (232.194) 724.463Profit after Taxation and before share in Profits/(Losses) of Associates 1,871.984 5,683.271Share in Profits/ (losses) of Associates (Net) (5.475) (13.779)Profit before Minority Interest 1,866.509 5,669.492Minority Interest in Profit/(Loss) (12.708) (25.717)Net Profit for the year 1,879.217 5,695.209Basic / Diluted Earnings Per Share (Face value of Rs.10 each) 14.93 45.25Significant accounting policies 1The accompanying notes are an integral part of the Consolidated Financial Statements.This is the Statement of Profit and Lossreferred to in our report of even dateFor Walker, Chandiok & Co VIJAY MALLYA ASHOK CAPOORChartered Accountants Chairman Managing DirectorM.R. DORAISWAMY IYENGARDirectorP.A. MURALIChief Financial Officerper Aashish Arjun SinghPartnerV.S. VENKATARAMANCompany SecretaryPlace : MumbaiDate : May 29, 201269