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BALANCE SHEET
Rs. ’000
As at Schedule 31st March, 2008 31st March, 2007
SOURCES OF FUNDS
Shareholders’ funds
Share capital A 238,902 238,902
Reserves and surplus B 7,319,201 5,909,275
7,558,103 6,148,177
Loan funds C
Secured 19,372 15,346
Unsecured 1,041,603 32,467
1,060,975 47,813
8,619,078 6,195,990
APPLICATION OF FUNDS
Fixed assets D
Gross block 4,531,829 3,921,168
Less: Accumulated depreciation and amortisation 2,121,939 1,937,478
Net block 2,409,890 1,983,690
Capital work-in-progress and advances 96,917 160,264
2,506,807 2,143,954
Investments E 3,808,300 3,200,463
Deferred tax asset, net T(4) 23,759 12,426
Current assets, loans and advances
Inventories F 3,015,309 2,149,406
Sundry debtors G 463,255 286,070
Cash and bank balances H 437,664 486,460
Other current assets I 131,930 10,979
Loans and advances J 1,476,490 880,746
5,524,648 3,813,661
Less: Current liabilities and provisions
Liabilities K 2,470,177 2,367,195
Provisions L 1,006,517 863,071
3,476,694 3,230,266
Net current assets 2,047,954 583,395
Miscellaneous expenditure
(to the extent not written off or adjusted) M 232,258 255,752
8,619,078 6,195,990
Significant accounting policies and notes to accounts T
The schedules referred to above and the notes thereon form an integral part of the financial statements.
In terms of our report of even date
BALANCE SHEET
Rs. '000
As at Schedule 31st March, 2007 31st March, 2006
SOURCES OF FUNDS
Shareholders' funds
Share capital A 238,902 238,902
Reserves and surplus B 5,909,275 5,251,994
6,148,177 5,490,896
Loan funds C
Secured 15,346 16,200
Unsecured 32,467 77,383
47,813 93,583
Deferred tax liability, net T4 - 16,913
6,195,990 5,601,392
APPLICATION OF FUNDS
Fixed assets D
Gross block 3,921,168 3,153,666
Less: Accumulated depreciation and amortisation 1,937,478 1,748,063
Net block 1,983,690 1,405,603
Capital work-in-progress and advances 160,264 110,782
2,143,954 1,516,385
Investments E 3,200,463 3,598,641
Deferred tax asset, net T4 12,426 -
Current assets, loans and advances
Inventories F 2,149,406 1,851,667
Sundry debtors G 286,070 208,494
Cash and bank balances H 486,460 353,395
Other current assets I 1,709 1,847
Loans and advances J 890,016 940,316
3,813,661 3,355,719
Less: Current liabilities and provisions
Liabilities K 2,381,169 2,246,648
Provisions L 849,097 783,313
3,230,266 3,029,961
Net current assets 583,395 325,758
Miscellaneous expenditure
(to the extent not written off or adjusted ) M 255,752 160,608
6,195,990 5,601,392
Significant accounting policies and notes to accounts T
The schedules referred to above and the notes thereon form an integral part of the financial statements.
In terms of our report of even date
For and on behalf of
Lovelock & Lewes Chairman : Nusli N Wadia
Chartered Accountants
Managing Director : Vinita Bali
Directors : Keki Dadiseth
Usha A Narayanan
Partner : Pratap Khanna
: Francois-Xavier Roger
Place: Mumbai Chief Financial Officer : Durgesh Mehta
Date: 29th May, 2007 Company Secretary : V Madan
28
®
Annual Report
2006-2007
The schedules referred to above and the notes thereon form an integral part of the financial statements.
In terms of our report of even date
For and on behalf of
Lovelock & Lewes Chairman : Nusli N Wadia
Chartered Accountants
Managing Director : Vinita Bali
Directors : Keki Dadiseth
Usha A Narayanan
Partner : Pratap Khanna
: Francois-Xavier Roger
Place: Mumbai Chief Financial Officer : Durgesh Mehta
Date: 29th May, 2007 Company Secretary : V Madan
29
Annual Report
2005-2006
BALANCE SHEET
!"
Annual Report
2005-2006
Appropriation
Transfer to general reserve 1,055,653 1,117,102
Final dividend 358,352 334,462
Tax on final dividend 50,259 46,908
Profit carried forward 500,000 500,000
1,964,264 1,998,472
The schedules referred to above and the notes thereon form an integral part of the financial statements.
In terms of our report of even date
30
Britannia Annual Report 2008-09
PROFIT AND LOSS ACCOUNT
Rs. ’000
For the year ended Schedule 31 March 2009 31 March 2008
INCOME
Gross sales 31,428,919 26,169,773
Less: Excise duty 306,778 328,728
Net sales 31,122,141 25,841,045
Other income N 398,948 322,400
31,521,089 26,163,445
EXPENDITURE
Cost of materials O 19,103,947 15,546,196
Staff cost P 960,172 905,267
Expenses Q 8,430,867 7,079,052
Depreciation and amortisation D 334,560 290,832
Financial expenses R 160,071 97,321
28,989,617 23,918,668
Profit before taxation and exceptional items 2,531,472 2,244,777
Exceptional items (Profit)/Loss S 206,295 (77,822)
Profit before taxation 2,325,177 2,322,599
Income tax expense
- Current income tax 343,799 356,025
- Fringe benefit tax 52,973 66,652
- Wealth tax 1,224 1,224
- Deferred income tax, net 123,180 (11,333)
Profit after taxation 1,804,001 1,910,031
Profit brought forward 600,000 600,000
Profit available for appropriation 2,404,001 2,510,031
Appropriations
Transfer to general reserve 190,000 1,406,926
Interim dividend 955,607 –
Proposed dividend – 430,023
Tax on Interim / Proposed dividend 162,405 73,082
Profit carried forward 1,095,989 600,000
2,404,001 2,510,031
Basic earnings per share (Rs.) 75.51 79.95
Diluted earnings per share (Rs.) 75.51 79.95
Significant accounting policies and notes to accounts T
The schedules referred to above and the notes thereon form an integral part of the financial statements.
In terms of our report of even date
31