Britannia Annual Report 2013-14 BALANCE SHEET iat Nate No. 31 March 2013, T EQUITY AND TINBILITIES (1) Shareholders’ funds (2) Share capital 2 2391 Gb) Reserves and surplus 3 612.50 1 2) Share application money pending allotment 2@ 25 ) Capital subsidy 4 482 (4) Non-current liabilities (a) Long-term borrowings: 4 oat (b) Deferred tax liabilities (net) 5 13.62 (©) Other long-term liabilities 6 19.18 saat (5) Current liabilities (a) Short-term borrowings 7 199.24 (b) Trade payables 8 333.61 (©) Other current liabilities 9 21049 (@)_ Short-term provisions 10 272.96 T,006.30 IL ASSETS GQ) Non-eurrent assets fa) Fixed assets uw (Tangible assets Gi) Intangible assets Gil) Capital work-in-progress (b) _Non-current investments 2 (©) Long-term loans and advances B (@) Other non-current assets 29 2) Current assets (@) Current investments 4 (b) Inventories 6 (©) Trade receivables 16 (@) Cash and bank balances 7 (e) Short-term loans and advances 18 Significant accounting policies 1 See accompanying notes to financial Statements [As per our report of even date attached. Jor BSR& Co. LLP ‘Jor and on behalf of the Board of Directors Chartered Accountants ‘Chairman ‘NusliN Wadia Firm registration number: 101248W ‘Managing Director Varun Berry Directors AK Hirjee S$ Kelkar Nasser Munjee ‘Nimesh N Kampani Jel N Wadia Keki Dadiseth Ajai Puri Ness N Wadia Sunil Gaggar Vijay L Kelkar Farin number: 104315 Chief Finagcal Officer Vind kyshng Menon jembership number: ‘ompany Secreta fvek P Raizada Place" Bangalore Place: Mumbai Date : 26 May 2014 Date : 26 May 2014 38Britannia Annual Report 2013-14 STATEMENT OF PROFIT AND LOSS. For the year ended Note No. 31 March 2013 1. Revenue from operations Sale of products 5,649.06 Less: Excise duty (85.28 Net sale of products 3564.38 Other operating revenues 19 su 5,615.49 IL Other income 20 S547 IIL, Total revenue (1+ 1) IV. Expenses: Raw materials including packaging materials consumed Purchase of stock-in-trade 2 Changes in inventories of finished goods, work-in-progress 22 and stock-in-trade Employee benefits expense B Finance costs ps Depreciation and amortisation expense uw Other expenses 25 Total expenses \V. Profit before exceptional and estranrdinary items an! tx (19) VI__Exceptinnal items (Profit) # Loss 2a) VU, Profit helore tax (VI) VIII, Tax expense @) Cament tax. Income tax. (2) Deferred tax charge / (credit) IX. Profit for the year (VII VID) X.__Earnings per equity share [Refer note 38] ) Basic [nominal value of” 2/- each] 2) Diluted [nominal value of” 2/- each] Weighted average number of equity shares used in computing earnings per share: 2,890.42 638.18 (10.16) 143.50 37.74 57.08 Basic 119,490,267 = Diluted 119,608,513 Significant acconnting policies 1 ‘Soe accompanying notes to financial statements As per our report of even date attached Jor BSR & Co. LLP ‘Jor and on behalf of the Board of Directors Chartered Accountants ‘Chairman ‘Nusli N Wadia Firm registration number: 101248W ‘Managing Director Varun Berry Directors AK Hirjee SS kKelkar Nasser Munjee Nimesh N Kampani Jeh N Wadia Keki Dadiseth Ajai Puri Ness N Wadia Sunil Gaggar Vijay L Kelkar Partner Chief Financial Officer > Vinod Krishna Menon ‘Membership number: 104315 ‘Company Secretary Vivek P Raizada Place : Bangalore Place : Mumbai Date : 26 May 2014 Date : 26 May 2014 39Britannia Annual Report 2013-14 CASH FLOW STATEMENT For the year ended 31 March 2013 ‘Cash flows from operating activities Profit hefore tax 33218 Adjustments for: Depreciation and amortisation 57.08 Profit on sale of investments, net (4.73) Profit on sale of fixed assets, net (7.98) Provision for diminution in value of investment : Dividend income (023) Interest income (6239) Interest expense 30.74 Operating profit before working capital changes 3717 increase) / decrease in inventories 50.79 (Increase) / decrease in trade receivables (24.98) (Increase) / decrease in loans and advances and other assets (4.11) Increase) / decrease in bank balances (other than cash and cash equivalents) 6.82) Increase / (decrease) in liabilities and provisions 23.86 Cash generated from operations 515 Income taxes paid, net of refund (79.44) Net cash provided by operating activities 272.01 Cash flows from investing activities Purchase of fixed assets (including finance leased assets) (192.88) Proceeds from sale of fixed assets 8.80 (Purchase) /sale of investments, net 164.07 Inter-corporate deposits (placed) / redeemed, net 60.00 Loans given to subsidiaries 2931) Loans repaid by subsidiaries 724 Interest received. 35.74 Dividend received 0.23, Net cash provided by / (used in) investing activities 3389, Cash flows from financing activities Repayment of secured loans, net (300.58) Interest paid 874) Proceeds from share allotment Las Proceeds from share application money pending allotment 229 Proceeds from capital subsidy 5.00 (Repayment) / proceeds of unsecured loans, net 189.24 Dividend paid including tax thereon (11776) Net cash provided by / (used in} financing activities 59.10. Net (decrease) / increase in cash and cash equivalents G32 ‘Cash and cash equivalents atthe beginning of the year 26.19 Cash and cash equivalents atthe end of the year (Refer note below) G2y 40Britannia Annual Report 2013-14 CASH FLOW STATEMENT (CONTINUED) For the year ended 31 March 2013 Note: Cash and cash equivalents at the end of the year 53.01 Book overdraft [Refer note 9] (60.93) (02) As per our report of even date attached, Jor BSR & Co. LLP ‘Jor and on behalf of the Board of Directors Chartered Accountants ‘Chairman Nusli N Wadia Firm registration number: 101248W ‘Managing Director Varun Berry Directors AK Hirjee SSKelkar Nasser Munjee imesh N Kampani Jeh N Wadia Keki Dadiseth Ajai Puri Ness N Wadia Sunil Gaggar Vijay L Kelkar Partner Chief Financial Officer > Vinod Krishna Menon ‘Membership number: 104315 ‘Company Secretary Vivek P Raizada Place : Bangalore Place : Mumbai Date : 26 May 2014 Date : 26 May 2014 41