This action might not be possible to undo. Are you sure you want to continue?
RELIANCE RETAIL LIMITED
Reliance Retail Limited
Dear Members, Your Directors are pleased to present the 12 Annual Report and the Audited Accounts for the year ended March 31, 2010. FINANCIAL RESULTS The performance of the Company for the financial year ended 31st March, 2010 is summarised below: Year ended 31-03-2010 Net Turnover Other Income & variation in stock 27608.17 5762.04 (Rs. in lakhs) Year ended 31-03-2009 58407.52 2998.39 (1765.45) 363.80 297.41 (2426.66) (220.06) 622.18 (2024.54)
exclusive distribution arrangement with Asics Corporation Japan to market Asics brands of shoes and accessories in India. Diesel Fashion India Reliance Private Limited, the Company’s Joint venture with Diesel, launched its first store in India in Mumbai to an impressive response. In the coming year, RRL will also open its stores in partnership with Office Depot and Hamleys. Through ‘Reliance One’, RRL’s loyalty membership program, RRL enjoys the patronage of over 5.5 million customers. In the coming year, RRL will continue on its mission to delight the customers every visit. RRL will continue to provide unprecedented value to customers across all its formats and stores. The Company has made a profit after tax of Rs. 1822.34 lakhs on a turnover of Rs. 27608.17 lakhs for the financial year ended on March 31, 2010. As the Company and its subsidiaries continue to expand and grow, reaching out to customers in new cities and towns, your directors are confident of a robust performance of the Company and its subsidiaries in the coming years. DIVIDEND Your Directors have not recommended any dividend on equity shares for the year under review. DIRECTORS Pursuant to the provisions of Section 260 of the Companies Act, 1956 and the Articles of Association, Mr. Gwyn Sundhagul was appointed as an Additional Director of the Company, with effect from 22nd January, 2010 and he shall hold office upto the date of the ensuing Annual General Meeting. Your Directors recommend his appointment as a Director of the Company liable to retire by rotation. In terms of the Articles of Association of the Company, Shri Mukesh D. Ambani retires by rotation and being eligible, offers himself for re-appointment at the ensuing Annual General Meeting. DIRECTORS’ RESPONSIBILITY STATEMENT Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956 with respect to Directors’ Responsibility statement, it is hereby confirmed that: (i) in the preparation of the accounts for the year ended 31st March, 2010, the applicable accounting standards have been followed and that there are no material departures from the same. the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at March 31, 2010 and of the profit of the Company for the year ended on that date.
Gross Profit/(Loss) before Interest and Depreciation (198.85) Less: Interest Depreciation Profit/(Loss) before tax Provision for fringe benefit tax Provision for deferred tax Profit/(Loss) after tax OVERVIEW OF OPERATIONS 325.37 175.86 (700.08) — 2522.42 1822.34
The Company (RRL) through its wholly-owned subsidiaries, operates multiple store formats, including ‘Reliance Fresh’, a neighborhood concept, ‘Reliance Mart’, an all under one roof hypermarket concept, ‘Reliance Super’, a mini-mart concept, ‘Reliance Digital’, a consumer durables & information technology concept, ‘Reliance Trends’, an apparel & accessories concept, ‘Reliance Wellness’, a health, wellness & beauty concept, ‘iStore by Reliance Digital’, an exclusive Apple products concept, ‘Reliance Footprint’, a footwear concept, ‘Reliance Jewels’, a Jewellery concept, ‘Reliance TimeOut’, a books, music & entertainment concept, ‘Reliance AutoZone’, an automotive products & services concept and ‘Reliance Living’, a homeware, furniture, modular kitchens, furnishings concept. During the year, RRL continued to fulfill its commitment of enriching Indian consumer’s shopping experience, and providing quality merchandise at an attractive value proposition. More than 3 years into operation, RRL has now expanded its presence in more than 85 cities across 14 states in India. RRL forged ahead with its expansion plans and rolled out stores across the country. RRL’s footprint now spans a network of more than 1,000 stores. RRL also rapidly expanded the stores network it operates through strategic partnerships with world-class companies such as Marks and Spencer & Pearl Europe. RRL also entered into an
Reliance Retail Limited
the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and the Directors have prepared the accounts for the year ended 31st March, 2010 on a going concern basis.
Standard AS-23 on Accounting for Investments in Associates, the audited Consolidated Financial Statements are provided in the Annual Report. PERSONNEL As required under the provisions of Section 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rules, 1975, as amended, the names and other particulars of the employees are set out in the Annexure 1 to this Report. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO Particulars relating to conservation of energy, technology absorption and foreign exchange earnings and outgo, required to be furnished pursuant to Section 217(1)(e) of the Companies Act, 1956, read with Companies (Disclosures of Particulars in the Report of Board of Directors) Rules, 1988 : i. Part A and Part B of the said Rules, pertaining to conservation of energy and technology absorption, are not applicable to the Company. Foreign exchange earnings & outgo during the year under review: (Rs. In Lakh) Total Foreign Exchange earned: Total Foreign Exchange outgo: ACKNOWLEDGEMENT The Directors acknowledge the full support and cooperation received from the holding company, Reliance Industries Limited, Government authorities, banks, customers, vendors and members for their valuable support and assistance. The Directors also place on record their appreciation of the tremendous commitment and excellent work done by all the executives and staff of the Company during the year under review. For and on behalf of the Board of Directors Nil 1163.96 lacs
AUDITORS During the year, M/s. S.R. Batliboi & Co., Chartered Accountants, resigned as Joint Statutory Auditors of the Company. To fill this vacancy, M/s. S.V. Ghatalia & Associates, Chartered Accountants, were appointed as Joint Statutory Auditors of the company. M/s. Chaturvedi & Shah, Chartered Accountants and M/s. S.V. Ghatalia & Associates Chartered Accountants, Statutory Auditors of the Company, hold office until the conclusion of the ensuing Annual General Meeting of the Company and are eligible for re-appointment. The Company has received letters from them to the effect that their appointment/re-appointment if made, would be within the prescribed limits u/s 224(1B) of the Companies Act, 1956 and that they are not disqualified for such re-appointment within the meaning of Section 226 of the Companies Act, 1956. AUDIT COMMITTEE: The Audit Committee of the Board comprises of three Directors, namely Shri Mukesh D. Ambani, Shri Manoj H Modi and Shri Dipak C Jain. Shri Mukesh D. Ambani is the Chairman of the Committee. The role and functions of the Audit Committee are in conformity with the requirements of Section 292A of the Companies Act, 1956. SUBSIDIARY COMPANIES The Company has applied to the Ministry of Corporate Affairs (MCA) for granting approval that the requirement to attach various documents in respect of subsidiary companies, as set out in sub-section (1) of Section 212 of the Companies Act, 1956, shall not apply to the Company. The approval from MCA is awaited. The Company shall be complying with the Order of the MCA and if approved, these documents relating to the subsidiary companies will not be attached to the balance sheet of the Company. The Consolidated Financial Statements presented by the Company include the financial results of its subsidiary companies. CONSOLIDATED FINANCIAL STATEMENTS In accordance with the Accounting Standard AS-21 on Consolidated Financial Statements read with Accounting
Mukesh D. Ambani Chairman Mumbai 23rd April, 2010
1956. 1956. 2010. These financial statements are the responsibility of the Company’s management.Reliance Retail Limited 3 Auditors’ Report The Members of. 1956. which to the best of our knowledge and belief were necessary for the purposes of our audit. the Balance Sheet. In our opinion. In our opinion. 2003 (as amended) issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Companies Act. 2010 from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act. and f) (ii) (iii) in the case of the Cash Flow Statement. Rajesh D. evidence supporting the amounts and disclosures in the financial statements. For Chaturvedi & Shah Firm Registration Number : 101720W Chartered Accountants For S. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.: 41870 Place: Mumbai Date: April 23. we enclose in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order. As required by the Companies (Auditor’s Report) Order. and give a true and fair view in conformity with the accounting principles generally accepted in India: (i) in the case of the Balance Sheet.V. the Profit and Loss Account and the Cash Flow Statement dealt with by this report comply with the mandatory accounting standards referred to in sub-section (3C) of section 211 of the Companies Act. 2010 and taken on record by the Board of Directors. of the cash flows for the year ended on that date. Profit and Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of account. of the state of affairs of the Company as at March 31. Our responsibility is to express an opinion on these financial statements based on our audit. in the manner so required. e) On the basis of written representations received from the directors as on March 31. the said accounts give the information required by the Companies Act. 1956. of the profit for the year ended on that date. 2010 b) c) d) . Further to our comments in the Annexure referred to above. on a test basis. An audit also includes assessing the accounting principles used and significant estimates made by the management. An audit includes examining. we report that: a) We have obtained all the information and explanations. We conducted our audit in accordance with the auditing standards generally accepted in India. The Balance Sheet. 2010 per Sudhir Soni Partner Membership No. we report that none of the directors is disqualified as on March 31. as well as evaluating the overall financial statement presentation. 2010. 1. Chaturvedi Partner Membership No. RELIANCE RETAIL LIMITED We have audited the attached Balance Sheet of RELIANCE RETAIL LIMITED (‘the Company’) as at March 31. 3. We believe that our audit provides a reasonable basis for our opinion. In our opinion and to the best of our information and according to the explanations given to us. in the case of the Profit and Loss Account. the Profit and Loss Account and the Cash Flow Statement for the year ended on that date annexed thereto.Ghatalia & Associates FirmRegistration Number: 103162W Chartered Accountants 2. proper books of account as required by law have been kept by the Company so far as appears from our examination of those books.: 45882 Place: Mumbai Date: April 23.
In respect of its inventories: a) The inventory has been physically verified during the year by the management. 1956. (as amended) are not applicable to the Company. Act. According to the information and explanation given to us. 11. 6. 1956. no material discrepancies were noticed on such physical verification. income-tax. cess and other statutory dues applicable to it. customs duty. as at March 31. The Company has not borrowed any funds from financial institutions or debenture holders during the year under audit. the Central Government has not prescribed the maintenance of cost records under Section 209 (1) (d) of the Companies Act. Based on our audit procedures and as per the information and explanations given by the management. 5. which in our opinion is reasonable. secured or unsecured to/from companies. 10. service tax. There are no substantial disposals of fixed assets during the year. cess and other undisputed statutory dues were outstanding. As informed. the provisions of clause (iii) (b). The Company has not accepted any deposit from the public. employees’ state insurance. Therefore. wealth-tax. having regard to the size of the Company and nature of its assets. investor education and protection fund. including quantitative details and situation of fixed assets. In our opinion and according to the information and explanations given to us. As explained to us. 2.4 Reliance Retail Limited Annexure referred to in paragraph 2 of our report of even date Re: Reliance Retail Limited (‘the Company’) 1. (as amended) is not applicable to the Company. there are no dues of income tax. investor education and protection fund. a) The Company has maintained proper records showing full particulars. b) c) 3. The procedures of physical verification of inventory followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business. no undisputed amounts payable in respect of provident fund. The Company has maintained proper records of inventory. we are of the opinion that there are no contracts or arrangements referred to in section 301 of the Companies b) 4. the provisions of clause (v) (b) of the Companies (Auditor’s Report) Order 2003. wealth-tax. In respect of statutory dues: a) According to the records of the Company. During the course of our audit. According to information and explanation given to us. the frequency of verification is reasonable. sales-tax. Fixed assets have been physically verified by the management in a phased periodical manner as per regular programme of verification. wealth tax. customs duty and cess which have not been deposited on account of any dispute. 9. salestax. 2010 for a period of more than six months from the date they became payable. for the purchase of inventory and fixed assets and for the sale of goods and services. we are of the opinion that the Company has not defaulted in repayment of dues to banks. there is an adequate internal control system commensurate with the size of the Company and the nature of its business. In our opinion. there were no material discrepancies noticed on physical verification of inventory. no major weakness has been noticed in the internal control system in respect of these areas. Therefore. the Company has an internal audit system commensurate with the size and nature of its business. c) 8. To the best of our knowledge and as explained. employees’ state insurance. The Company has incurred cash loss in the current financial year and also in the preceding financial year. The Company’s accumulated losses at the end of the financial year are less than fifty per cent of its net worth. In our opinion. service tax. 1956 that needs to be entered into the register maintained under section 301. . firms and other parties covered in the register maintained under Section 301 of the Companies Act. The Company has neither granted nor taken any loan. (f). b) 7. service tax. According to the information and explanations given to us. customs duty. sales-tax. income-tax. the Company is regular in depositing with appropriate authorities undisputed statutory dues including provident fund. (d). (c). (g) of the Companies (Auditor’s Report) Order 2003.
20. (as amended) are not applicable to the Company. All the investments have been held by the Company in its own name. 14. 1956.: 41870 Place: Mumbai Date: April 23. Based upon the audit procedures performed for the purpose of reporting the true and fair view of the financial statements and as per the information and explanations given by the management.: 45882 Place: Mumbai Date: April 23. The Company did not have any outstanding debentures during the year. noted or reported during the course of our audit. In our opinion and according to the explanations given to us and based on the information available. 15. The Company has not raised any monies by way of public issue during the year. debentures and other securities. 2010 . Therefore. 13. 18. 16.Ghatalia & Associates FirmRegistration Number: 103162W Chartered Accountants Rajesh D. For Chaturvedi & Shah Firm Registration Number : 101720W Chartered Accountants For S. the provisions of clause 4(xiii) of the Companies (Auditor’s Report) Order 2003. 21. 2010 per Sudhir Soni Partner Membership No. The Company has not made any preferential allotment of shares to parties and companies covered under register maintained under section 301 of the Companies Act. The term loans raised by the company were applied for the purpose for which loans were obtained. no loans and advances have been granted on the basis of security by way of pledge of shares. the terms and conditions whereof in our opinion are not prima-facie prejudicial to the interest of the Company. the Company has given guarantee for loans taken by others from bank or financial institutions. we have not come across any instance of material fraud on or by the Company. we report that no funds raised on shortterm basis have been used for long-term investment. 17. According to the information and explanations given to us.V. the Company is not a chit fund or a nidhi/ mutual benefit fund/ society. In our opinion. 19.Reliance Retail Limited 5 Annexure referred to in paragraph 2 of our report of even date Re: Reliance Retail Limited (‘the Company’) 12. According to the information and explanations given to us and on an overall examination of the balance sheet of the Company. Chaturvedi Partner Membership No. The Company has maintained proper records of transactions and contracts in respect of dealing and trading in other investments and timely entries have been made therein.
375.15 126.96.36.199.88 1.10 For S.437.10 2.86 23.Ghatalia & Associates Chartered Accountants per Sudhir Soni Partner Membership No. Ambani Manoj H.52 2.537. 2009 Schedule SOURCES OF FUNDS Shareholders’ Funds Share Capital Loan Funds Secured Loans TOTAL APPLICATION OF FUNDS Fixed Assets Gross Block Less: Depreciation Net Block Capital Work-in-Progress Investments Deferred Tax Assets Current Assets.329.47 11. Chaturvedi Partner Membership No.79 10.68 13. Modi Prof.537.63 1.566.90 99.19 482.167.42 H 539.227.750.766.40 978. Loans and Advances Current Assets Inventories Sundry Debtors Cash and Bank Balances Loans and Advances Less : Current Liabilities and Provisions Current Liabilities Provisions Net Current Assets Miscellaneous Expenditure (To the extent not written off or adjusted) Profit and Loss Account TOTAL Significant Accounting Policies Notes on Accounts As per our Report of even date For Chaturvedi & Shah Chartered Accountants Rajesh D.150.26 507.00 2.750.98 1.14 311.73 405.53 409. Raja K.63 3.100.671.55 ` 379.28 24.73 575.68 E 19.852.909.367.858.18 3. Company Secretary 125.918.62 3.45 F G 24.36 564.68 6. 41870 .959.550.447. 2010 A B 573.00 4. 2010 (Rs.058.999. Dipak C. in lakh) As at 31st March. Sridhar Chairman Director Director Manager Asst.150.11 17.10 C 6.827.6 Reliance Retail Limited Reliance Retail Limited Balance Sheet as at 31st March.993.21 D 12.86 24.58 358.19 575.90 6.150.750.V.609. Jain K. 45882 Mumbai Dated : 23rd April 2010 As at 31st March.000.57 127.10 409.439.88 540. R.457.89 3.776.24 13.31 292.672.82 49.197.73 M N For and on behalf of the Board Mukesh D.711.
78 61. 41870 For and on behalf of the Board Mukesh D. 45882 Mumbai Dated : 23rd April 2010 For S.29 Profit/ (Loss) before Tax Provision for Fringe Benefit Tax Provision for Deferred Tax Profit/ (Loss) after Tax Add: Balance brought forward from Previous Year Balance carried to Balance Sheet Basic and Diluted Earnings per Share of face value of Rs 10 each (in Rupees) (Refer Note 11.522. Jain K.182.73 27.05 31.54) (1.18) (2.197.608.407. Dipak C.172.070. Company Secretary .905.822.84 58.Ghatalia & Associates Chartered Accountants per Sudhir Soni Partner Membership No.61 2.19) 0. Raja K.41 63.36 3.52 815.231.53) (1.832.86 34.66) 220.771.80 297.57 (2.375. 2010 (Rs.90 1.663.37 175.V.823.99) (3.071.463.55 325.53) (0.82 5. R.400.197.05) 62.426.34 (3. Modi Prof.08) (2.405.31 363. Sridhar Chairman Director Director Manager Asst.370.21 EXPENDITURE Purchases Operating and Other Expenses Interest and Finance charges Depreciation K L 19.91 2009-10 2008-09 As per our Report of even date For Chaturvedi & Shah Chartered Accountants Rajesh D.024.04 31.391.06 (622.22 33.42) 1. Schedule ‘N’) Significant Accounting Policies Notes on Accounts M N (700. Ambani Manoj H. Chaturvedi Partner Membership No.51 13.17 Other Income Variation in Stocks I J 370. in lakh) Schedule INCOME Turnover Less: Service Tax Recovered 29.Reliance Retail Limited 7 Reliance Retail Limited Profit and Loss Account for the year ended 31st March.
701.56 (235.47 (613.79) (344.47 (2.80 (70.50) 1.80 310.182.13) 398.75) 363.220.445.8 Reliance Retail Limited Reliance Retail Limited Cash Flow Statement for the year 2009-10 (Rs.968.79 381.116.801.854.57 450.838.61) 20.37 (20.854.49 (2.23) 325.952.08) (2.675.59 (428.66) 2008-09 .35) 61.31) 53.391.17) (700.49) (104.22) (636.910.020.80) 55.22 636.910.29) 10.206.576.692.01 175.00) 290.407.09) 447.41) 50.026.42 (61.10) (103.67 Operating Profit before Working Capital Changes Adjusted for: Trade and Other Receivables Inventories Trade Payables 5.11 (64.87 297.426.75 (445.41 80.34) (103.339.64) (748. in lakh) 2009-10 A: CASH FLOW FROM OPERATING ACTIVITIES Net Profit/ (Loss) before tax as per Profit and Loss Account Adjusted for: Miscellaneous Expenditure written off (Profit)/ Loss on sale/ Discarding of Assets (net) Depreciation Effect of Exchange Rate Change Dividend Income Interest Income Interest and Finance Charges 50.73 447.01 97.23) (10.68 175.23) Cash Generated from Operations Taxes Paid Net Cash from/ (used in) Operating Activities B: CASH FLOW FROM INVESTING ACTIVITIES Purchase of Fixed Assets Sale of Fixed Assets Purchase of Investments Sale of Investments Loans to Subsidiaries Dividend Income Interest Income Net Cash used in Investing Activities (40.33 (5.37 86.86 (207.98) (9.79 (59.715.22) (102.
271.V. Raja K.86 (236.058.86 2008-09 As per our Report of even date For Chaturvedi & Shah Chartered Accountants Rajesh D.663. Dipak C. Chaturvedi Partner Membership No.Reliance Retail Limited 9 Reliance Retail Limited Cash Flow Statement for the year 2009-10 (Rs.15) (2. Ambani Manoj H.032.86 3.11 (4. Modi Prof.825. R.67 7.18) (1.96) (1. Company Secretary .362.329.00 113.900.23) (363.263.80) (3. Jain K.52) 165. in lakh) 2009-10 C: CASH FLOW FROM FINANCING ACTIVITIES Proceeds from Issue of Share Capital Proceeds from Long Term Borrowings Repayment of Long Term Borrowings Short Term Loans Interest Paid Net Cash from/ (used in) Financing Activities Net Increase/ (Decrease) in Cash and Cash Equivalents Opening Balance of Cash and Cash Equivalents Closing Balance of Cash and Cash Equivalents 167.41 (573. 45882 Mumbai Dated : 23rd April 2010 For S. Sridhar Chairman Director Director Manager Asst.82) (328. 41870 For and on behalf of the Board Mukesh D.285.00) 7.329.81) 8.Ghatalia & Associates Chartered Accountants per Sudhir Soni Partner Membership No.
000.10 2.10 Loans are secured by hypothecation of vehicles.000. RSUs in force total to five crore eleven lakh thirty six thousand three hundred ninety seven.000. 2010.000.000) TOTAL Issued.000 Equity Shares of Rs.500.000. 2009 SCHEDULE B SECURED LOANS As at 31st March.000. 10 each fully paid-up (3.000.390.18 3.610.00 339.100.00 1.73 807.000 (Previous Year 3. the employees are entitled to one equity share of Rs.92 4. in lakh) As at 31st March.3 each (6.437.629.000.000.000 Equity Shares of Rs.500.000.00 1. 10 each for every RSU.150. 2010 Authorised: 15. Subscribed.63 1. 10 each (15. The Company is authorised to issue up to forty nine crore Restricted Stock Units (“RSUs”) to eligible employees (including employees of Reliance Industries Limited. 2010 Term Loans from Banks: Rupee Loans (1) Working Capital Loans from Banks: Rupee Loans (2) TOTAL Notes: (1) (2) (Rs.1 each) TOTAL Notes: 1 2 Out of the above. 2009 346.000) (Previous Year partly paid-up of Re.100.390.000) partly paid-up Equity Shares. the holding company) under Reliance Retail Restricted Stock Unit Plan 2007.10 each partly paid-up of Rs.00 405. in lakh) As at 31st March.00 (Rs.000.804.390. holds 3.000.100.00 1.000.500.00 66.000. the holding company.900.000) Partly Paid-up 6.000.000 (Previous Year 6.00 573. Called-up and Paid-up Fully Paid-up 3.000) fully paid-up Equity Shares and 6. . 183. As on March 31.100.00 390.000. The RSUs vest on different dates over a period of sixteen years from the date of grant of RSUs as per the scheme announced and upon vesting. Reliance Industries Limited.000.500.10 Reliance Retail Limited Schedules forming part of the Balance Sheet SCHEDULE A SHARE CAPITAL As at 31st March.000 Equity Shares of Rs.100.000. Loans are secured by way of lien on all term deposits.000.000.00 1.
2009 Depreciation Net Block FIXED ASSETS Description OWN ASSETS : 21.010. 402. 2009 Adjustments 31st March.68 292.99 43.05 154.43 2.62 51.67 109.88 1.68 Freehold Land Plant and Machinery Electrical Installations Equipments Furniture and Fixtures Vehicles Leasehold Improvements Sub-Total Leased Assets: Leasehold Land Schedules forming part of the Balance Sheet Sub-Total Intangible Assets: Software Sub-Total Total Previous year Capital Work-in-Progress Notes : Capital Work-in-Progress includes: i) Rs.31 4. 2010 Upto For the Year Deductions/ Upto 31st March.82 281.70 202.81 14. 402. 14.407.153.6 lakh) on account of Project Development Expenditure.81 4.29 31.21 0.550. 2009 Additions Deductions / As at Adjustments 31st March.57 109.01 175.74 87.83 999.01 99.70 153.SCHEDULE C (Rs.60 lakh (Previous year Rs.407.98 3.79 3.01 0.26 66.80 796. Reliance Retail Limited iii) Rs. 4713.122.70 193.08 10.82 6.16 lakh) on account of Advance against Project Contracts.14 32.47 153.92 0.48 2.35 lakh (Previous year Rs.99 10.18 622.86 297. ii) Rs.18 109.14 0.49 17.19 lakh) on account of Capital Inventory.690.81 1.755.020.195.68 1.94 4.69 174.67 282.407.01 lakh (Previous year Rs.56 2.47 13.65 4.47 21.26 16.42 109.80 6.142.457.120.52 197.32 51.49 1.457.88 20.07 497.96 2.02 497.367.90 2.83 0.22 1.83 0.49 21.88 1.90 135.65 4.83 0.52 14.429.52 43.888.41 3.750. 2010 As at 31st March.457.766.64 26.96 7.76 46.67 3.750.44 43.01 0.14 4.29 1.69 274.31 3.69 4.120.513.67 2.53 32.01 358.26 1.657.010.01 7. 11 .83 0.955.29 6.82 0.142. in lakh) Gross Block As at 1st April.79 6.739.70 174.25 4.82 326. 9328.909.91 816.40 121.96 999.71 207.47 21.56 30.59 497.26 1.47 1.58 292.94 0.43 1.80 2.08 10.153.04 17. 2010 As at 31st March.
000 (50.000) 50.00 2 .00 5.00 5.000 (50.000) 50.000 (100.10 each Reliance Footprint Limited of Rs.00 5. 2010 LONG TERM INVESTMENTS Trade Investments In Equity Shares .000) 50.1 each) Reliance Utilities Private Limited (Class A Shares of Re.00 5.10 each Reliance Digital Media Limited of Rs.000) 50.10 each Reliance Integrated Agri Solutions Limited of Rs.000 (50.00 5.000) 50.00 5.10 each Reliance Food Processing Solutions Limited of Rs.000 (50.00 5.000) 50.10 each Reliance-GrandOptical Private Limited of Rs.00 5.000 (50.80 1.10 each Reliance Dairy Foods Limited of Rs.00 5.000) Reliance Agri Products Distribution Limited of Rs.00 5.000) 50.00 5.10 each Reliance Autozone Limited of Rs.000 (50.80 (Rs.000) 50.00 5.000 (50.10 each Reliance Brands Limited of Rs. 2009 .00 5.00 5.000) 50. Fully paid-up * 50. in lakh) As at 31st March.00 5.00 5.00 5.Unquoted.000 (50.000 (280.00 5.000) Reliance Utilities and Power Private Limited (Class A Shares of Re.10 each Reliance Fresh Limited of Rs.10 each Reliance Infrastructure Management Services Limited of Rs.10 each Reliance Home Store Limited of Rs.00 5.000 (50.000 (50.000) 100.000) 50.00 5.00 5.000) 50.80 Other Investments In Equity Shares of Subsidiary Companies .80 1.000) 50.10 each Reliance Lifestyle Holdings Limited of Rs.00 5. Fully paid-up 280.000 (50.00 5.000 (50.00 5.10 each 5.12 Reliance Retail Limited Schedules forming part of the Balance Sheet SCHEDULE D INVESTMENTS As at 31st March.00 3.00 5.1 each) 2.000) 50.000 (50.000 (50.10 each Reliance Hypermart Limited of Rs.00 3.00 5.Unquoted.00 5.
00 5.000 (50.00 5.000 (50.00 As at 31st March.000) 50.00 833. 2010 50.000 (50.00 5.020.00 5.000 (50.00 5.000 (50.00 5.00 202. in lakh) As at 31st March.00 5.000 (50.10 each Reliance Personal Electronics Limited of Rs.00 5.00 .10 each 5.000) 50.000.10 each Reliance Universal Ventures Limited of Rs.000 (10.000) 50.00 202.00 5.000 (10.00 5.000) 4.00 400.10 each Reliancedigital Retail Limited of Rs.10 each Reliance Supply Chain Solutions Limited of Rs.00 5.00 5. 2009 1.10 each Reliance Retail Insurance Broking Limited of Rs.000) 50.10 each Reliance Replay Gaming Limited of Rs.10 each Reliance Trade Services Centre Limited of Rs.000) 50.10 each Reliance One Enterprises Limited of Rs.000 (50.000) 1.00 5.00 200.) (Rs.000) Reliance Nutritional Food Processors Limited of Rs.10 each Strategic Manpower Solutions Limited of Rs.000) 50.00 5.00 1.010.020.00 5.00 1.000 (1.000) 50.000 (2.00 5.000) 2.000) 50.00 101.Reliance Retail Limited 13 Schedules forming part of the Balance Sheet SCHEDULE D (Contd.10 each Reliance Retail Finance Limited of Rs.000) 50.000 (10.000 (50.10 each Reliance Wellness Limited of Rs.010.000 (50.000.10 each Reliance People Serve Limited of Rs.000) 50.00 5.10 each Reliance Review Cinema Limited of Rs.00 5.00 5.000) 50.000 (2.00 5.00 621.10 each Reliance Trends Limited of Rs.00 101.
530.00 1.Book Value Movement in Investments Investments Purchased and Sold during the year Face Value in Rupees Mutual Fund Units ICICI Prudential Liquid Super Institutional Plan -Daily Dividend ICICI Prudential Liquid Super Institutional Plan -Daily Dividend Note: *Investment in company under the same management 10 100 3.500) 11.084.053.650) 55.83 11.217.060.050.83 TOTAL AGGREGATE VALUE OF Unquoted Investments .66 6.500 (46.000.00 800.) (Rs.462.00 1.650 (1.000) 20.500.827.46 17.106.10 each Marks and Spencer Reliance India Private Limited of Rs.530.00 16.000. in lakh 17.608. 2010 Investments in Joint Venture Companies .053.000) 21.609.63 327.000 (7.14 Reliance Retail Limited Schedules forming part of the Balance Sheet SCHEDULE D (Contd.000 (8.00 2.10 each Reliance Vornado Development Private Limited of Rs.17 700.66 9.394.302.000 (10.17 1.772.00 2.106.33 Nos. (in lakh) Cost Rs.202.827.10 each Reliance Vornado Management Private Limited of Rs.100.00 11.Unquoted. in lakh) As at 31st March.63 As at 31st March.000.00 2.060.63 11.5 each Reliance-GrandVision India Supply Private Limited of Rs.10 each Reliance Vision Express Private Limited of Rs. 2009 .609.000 (21.000) 10. Fully paid-up * 1.860 173 38.940.10 each 523.216.63 17.000) Marks and Spencer Reliance India Private Limited of Rs.
68 lakh (Previous Year Rs. in lakh) As at 31st March.86 24.40 13.15 3.Reliance Retail Limited 15 Schedules forming part of the Balance Sheet SCHEDULE E CURRENT ASSETS As at 31st March.92 3.566.021.15 CASH AND BANK BALANCES Cash in Hand Balance with Scheduled Banks In Current Accounts In Fixed Deposit Accounts 665.329.80 7.19 23.79 2.167.62 3.204. 2009 19.00 lakh) receivable from the following companies under the same management.82 83.88 Includes Rs. a b c d Reliance Fresh Limited Reliance Hypermart Limited Reliance Trends Limited Reliance Wellness Limited .672. 2010 INVENTORIES Traded Goods SUNDRY DEBTORS (Unsecured and Considered Good) Over six months Others (1) (Rs.058.776.86 TOTAL Note: (1) 81.35 941.3110. 820.14 4.311.27 978.566.18 37.25 3.224.
16 Reliance Retail Limited Schedules forming part of the Balance Sheet SCHEDULE F LOANS AND ADVANCES (Rs.026. Maximum balance outstanding during the year Rs.36 472.136.96 1. 2010 As at 31st March.36 540.00 lakh) a b c d e f Reliance Autozone Limited Reliance Food Processing Solutions Limited Reliance Footprint Limited Reliance Hypermart Limited Reliance Universal Ventures Limited Reliancedigital Retail Limited .35 3.132.26 Includes Rs. TOTAL Note: (1) (1) 532.178. 20. 2009 UNSECURED . 14.68 lakh (Previous Year Rs.79 482.20.82 3.230. 64.935.00 lakh) receivable from the following companies under the same management.411. etc. in lakh) As at 31st March.384.44 1.993.84 2.133.61 1.999.421.(Considered good unless otherwise stated) Loans to Subsidiary Companies Advance Income Tax (net of Provision) Advances Recoverable in Cash or in kind or for value to be received Deposits Balance with Service Tax/ Sales Tax Authorities.55 4.90 2.66 lakh (Previous Year Rs.
85 lakh (Previous Year Rs.15 24.off during the year TOTAL 99.439. 2009 .88 149. 2010 Issue Expenses As per last Balance Sheet Less : Written .89 50.01 99.Others (2) As at 31st March. if any.14 125. in lakh) As at 31st March.90 50. 5. 613.42 1. 423.98 125. in lakh) As at 31st March.711.98 Interest accrued but not due on loans Provisions Provision for Leave Encashment/ Superannuation/ Gratuity TOTAL Note: (1) 311.33 lakh (Previous Year Rs. 2009 24. Small and Medium Enterprises Development Act. 624.01 49.99 3.55 The Company has not received the required information from Suppliers regarding their status under the Micro. Hence disclosures. 2006.Reliance Retail Limited 17 Schedules forming part of the Balance Sheet SCHEDULE G (Rs. 2010 CURRENT LIABILITIES AND PROVISIONS Current Liabilities Sundry Creditors .57 127.858.435.Micro enterprises and Small enterprises (1) .21 lakh) for capital expenditure.750.89 As at 31st March. relating to amounts unpaid as at the year end together with interest paid/ payable as required under the said Act have not been made.28 24.858. (2) SCHEDULE H MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) (Rs. Includes Rs.852.19 lakh) payable to Subsidiaries and Rs.
62 3. Gratuity Fund. in lakh) 2008-09 SCHEDULE K OPERATING AND OTHER EXPENSES (Rs.22 11.61 SCHEDULE J VARIATION IN STOCKS 2009-10 STOCK-IN-TRADE (at close) Traded Goods STOCK-IN-TRADE (at commencement) Traded Goods TOTAL 13.601. Superannuation Fund.71 815.167.18 (Rs.593.662.20 2008-09 .07 12.207.78 19. in lakh) 2009-10 Dividend From Current Investments Interest From Others [Tax Deducted at Source Rs.22 636. Pension Scheme.66 249. in lakh) 2009-10 PAYMENT TO AND PROVISIONS FOR EMPLOYEES Salaries.69 2.93 156.40 2.81 lakh)] Profit on Sale of Assets Miscellaneous Income TOTAL 10.182.Labour Welfare Fund etc.18 Reliance Retail Limited Schedules forming part of the Profit and Loss Account SCHEDULE I OTHER INCOME (Rs. Wages and Bonus Contribution to Provident Fund.391.67 lakh (Previous Year Rs.776.25 10.40 13.82 2008-09 20. Employee’s State Insurance Scheme. Employee Welfare and other amenities 341.05 15.75 370.776. 67.79 344.53 839.75 1. 60.253.42 767.23 0.18 5.
575.70 7.817.215.42 5.46 189.01 31.60 349.288. in lakh) 2009-10 SALES AND DISTRIBUTION EXPENSES Samples.45 2.40 522.73 (954.661.663.06 205.88 1.06 24.14 238.89 84.13 315.243.96 286.52 2.95 190.01 13.47 84.44 30.52 2008-09 .87 177.06 0.504. Discount and Commission Warehousing and Distribution Expenses OPERATING AND ESTABLISHMENT EXPENSES Stores and Packing Materials Machinery Repairs Building Repairs Other Repairs Rent including Lease Rentals Insurance Rates and Taxes Travelling and Conveyance Expenses Payment to Auditors Professional Fees Loss on Sale/ Discarding of Assets Exchange Differences (Net) Security Expenses Electricity Expenses Telephone Expenses Printing and Stationery Hire Charges General Expenses Charity and Donation Miscellaneous Expenditure written off TOTAL SCHEDULE L INTEREST AND FINANCE CHARGES (Rs.25 4.57 97.48 101.31 337.80 250.61 57.07 59.06 20.68 220.01 7.75 381.55 1.56 58.01 37.94 113. Sales Promotion and Advertisement Expenses Store Running Expenses Brokerage.07) 275.50 1.80 84.Reliance Retail Limited 19 Schedules forming part of the Profit and Loss Account SCHEDULE K (Contd.87 8.20 878.45 0.92 279.32 1.728.056.40 50.37 2008-09 343.39 9.74 363.27 258.927.62 5.94 132.071.74 72.) (Rs. in lakh) 2009-10 Fixed Loans Others 315.98 325.09 50.400.20 11.05 3.455.30 5.
baskets are depreciated over the estimated useful life of three years and Software amortised over a period of 5 years. . Improvement cost on Lease premises up to the date of commercial operation is capitalised as “Leasehold Improvements”. An impairment loss is charged for when an asset is identified as impaired. computed category wise. Monetary items denominated in foreign currencies at the year end are restated at year end rates. All costs. 6 Depreciation Depreciation on Fixed Assets is provided on Straight Line Method at the rates and in the manner prescribed in Schedule XIV to the Companies Act. the difference between the year end rate and rate on the date of the contract is recognised as exchange difference and the premium paid on forward contracts is recognised over the life of the contract. iv) Any income or expense on account of exchange difference either on settlement or on translation is recognised in the Profit and Loss Account except in case of long term liabilities. 3 Fixed Assets Fixed Assets are stated at cost net of CENVAT/ Value Added Tax. 4 Lease Rentals Operating Lease rentals are expensed with reference to lease terms and other considerations. less accumulated depreciation and impairment loss. 9 Investments Current Investments are carried at lower of cost and quoted/ fair value. fire alarm system. attributable to fixed assets are capitalised. In case of items which are covered by forward exchange contracts.20 Reliance Retail Limited Schedules forming part of the Balance Sheet SCHEDULE M SIGNIFICANT ACCCOUNTING POLICIES 1 Basis of Preparation of Financial Statements The Financial Statements are prepared under the historical cost convention in accordance with the generally accepted accounting principles in India. The impairment loss recognised in prior accounting period is reversed if there has been a change in the estimate of recoverable amount. 1956. 1956 over their useful life except. 7 Intangible Assets Intangible Assets are stated at cost of acquisition less accumulated amortisation. leasehold improvements are amortized over the lower of estimated useful life or lease period. Long Term Investments are stated at cost. in which case they are adjusted to the carrying cost of such assets. iii) Non monetary foreign currency items are carried at cost. signage and access control system are depreciated over the estimated useful life of five years. Companies (Accounting Standards) Rules 2006 and the provisions of the Companies Act. if any. Provision for diminution in the value of Long Term Investments is made only if such a decline is other than temporary. 8 Foreign Currency Transactions i) ii) Transactions denominated in foreign currencies are recorded at the exchange rate prevailing on the date of the transaction or that approximates the actual rate at the date of the transaction. 2 Use of Estimates The preparation of financial statements requires estimates and assumptions to be made that affect the reported amount of assets and liabilities on the date of the financial statements and the reported amount of revenues and expenses during the reporting period. 5 Impairment of Assets An asset is treated as impaired when the carrying cost of assets exceeds its recoverable value. Difference between the actual results and estimates are recognised in the period in which the results are known/ materialised. where they relate to acquisition of fixed assets.
iii) 13 Miscellaneous Expenditure Preliminary and Issue expenses incurred are amortised over a period of 5 years. Contingent Liabilities are not recognised but are disclosed in the notes. services and service tax. 15 Provision For Current And Deferred Tax Provision for current tax is made after taking into consideration benefits admissible under the provisions of the Income-Tax Act. Contingent Assets are neither recognised nor disclosed in the financial statements. Cost of inventories comprises of cost of purchase and other costs incurred in bringing them to their respective present location and condition. Contingent Liabilities And Contingent Assets Provisions involving substantial degree of estimation in measurement are recognised when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources. if any.) 10 Inventories Items of inventories are measured at lower of cost and net realisable value after providing for obsolescence. The deferred tax asset is recognised and carried forward only to the extent that there is a virtual certainty that the asset will be realised in future. 11 Turnover Turnover includes sale of goods. if any. . In respect of employees stock options. gains/ losses on settlement and provision for losses on restatement are recognised along with the underlying transactions and charged to Profit and Loss Account.Reliance Retail Limited 21 Schedules forming part of the Balance Sheet SCHEDULE M (Contd. The amount charged off is recognised at the present value of the amount payable determined using actuarial valuation techniques. 1961. Deferred tax resulting from “timing differences” between taxable and accounting income is accounted for using the tax rates and laws that are enacted or substantively enacted as on the Balance Sheet date. Costs are determined on weighted average basis. in which case. they are adjusted to the carrying cost of inventory. 12 Employee Benefits i) ii) Short term employee benefits are recognised as an expense at the undiscounted amount in the Profit and Loss Account in the year in which the related service is rendered. 14 Financial Derivatives and Commodity Hedging Transactions In respect of derivative contracts. adjusted for discount (net) and Value Added Tax. Post employment and other long term employee benefits are recognised in the Profit and Loss Account in the year in which the employee has rendered services. 16 Provision. except in case where the related underlying physical transactions is held as inventory. premium paid. Actuarial gains and losses in respect of post employment and other long term benefits are charged to Profit and Loss Account. the excess of fair price on the date of grant over the exercise price is recognised as deferred compensation cost amortised over the vesting period.
739. As per Accounting Standard 15 “Employee Benefits”. All the activities of the Company revolve around this main business.00 3.15 1 141. in lakh) 2009-10 Opening Balance Less: Transferred to Subsidiary under slump sale Closing Balance 3 402. Accordingly.69 2 The Company is mainly engaged in ‘Organised Retail’ in India. in lakh) As at 31st March. 1956 have been disclosed below: Project Development Expenditure Account (included under Capital Work-in-Progress): (Rs. 2010 a Capital Commitments Estimated amount of contracts remaining to be executed on capital accounts (net of advances) and not provided for (a) In respect of Joint Ventures (b) In respect of Others b Contingent Liabilities (i) Outstanding guarantees furnished to Banks including in respect of Letters of credit (a) In respect of Joint Ventures (b) In respect of Others (ii) Guarantees to Banks against credit facilities extended to third parties (a) In respect of Joint Ventures (b) In respect of Others (iii) Claims against the Company/ disputed liabilities not acknowledged as debts (a) In respect of Joint Ventures (b) In respect of Others 1. The Company is in the process of setting up various facilities for conducting its business. 12.38 160. amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.06 lakh). The expenditure incurred during the implementation period for bringing the project in the condition of its intended use. Accordingly.443.65 1 031. is treated as “Project Development Expenditure” pending capitalisation and included in Capital Work-in-Progress. notified in the Companies (Accounting Standards) Rules 2006. regrouped.60 2008-09 1.21 1 047. the Company has only one identifiable segment reportable under Accounting Standard 17 “Segment Reporting”.64 lakh (Previous Year Rs.60 1.73 As at 31st March. 2009 4 5 6 Turnover includes Income from Services of Rs. the disclosures of employee benefits as defined in the Accounting Standard are given below: . Additional Information (to the extent applicable): (Rs.09 402.65 1 310.01 1 960.145.60 402.22 Reliance Retail Limited Schedules forming part of the Balance Sheet SCHEDULE N NOTES ON ACCOUNTS 1 The previous year’s figures have been reworked. Capitalisation is done in the ratio of phased implementation.27. rearranged and reclassified wherever necessary.845. The necessary details as per Part II of Schedule VI to the Companies Act. notified in the Companies (Accounting Standards) Rules 2006.
18 2008-09 494. in lakh) The Company’s Provident Fund is exempted under Section 17 of Employees’ Provident Fund and Miscellaneous Provisions Act. Defined Benefit Plan The employees’ gratuity fund scheme managed by a Trust is a defined benefit plan and the Plan assets are invested with Life Insurance Corporation.26) ( 14.79 94.65 68.28 ( 3. I.44 19.36 39.28) 312.01) ( 246. in lakh) Leave Encashment (Unfunded) 2009-10 1 541.41) 222. recognised are charged off for the year are as under: 2009-10 Employer’s Contribution to Provident Fund Employer’s Contribution to Superannuation Fund Employer’s Contribution to Pension Scheme 242.16 52. which recognises each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation.36 101.83 50. The obligation for leave encashment is recognised in the same manner as gratuity.57 36.79) ( 958.68 ( 401.25 ( 14.29 109.25 3.83 II. in the interest rate declared by trust vis-a-vis statutory rate.43 7.07 2008-09 527.11 39.76 ( 164.08 ( 75.) Defined Contribution Plan Contribution to Defined Contribution Plan.65 (Rs.41) 596.42 ( 318. Reconciliation of opening and closing balances of fair value of plan assets (Rs.96) ( 3.43 2008-09 494.28) 551. Conditions for grant of exemptions stipulates that employer shall make good deficiency. if any.66) 311.62 267. 1952.56 42. Reconciliation of opening and closing balances of Defined Benefit obligation Gratuity (Funded) 2009-10 Defined Benefit obligation at beginning of the year Current Service Cost Interest Cost Contribution by the plan participants Actuarial (gain)/ loss Benefits paid Defined Benefit obligation at year end 312.15) 1 541.22 79. in lakh) Gratuity (Funded) 2009-10 Fair value of plan assets at beginning of the year Expected return on plan assets Actuarial gain/ (loss) Employer contribution(Refund) Benefits Paid Fair value of plan assets at year end 551. The present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method.16 .40 75.28 2008-09 1 486.Reliance Retail Limited 23 Schedules forming part of the Balance Sheet SCHEDULE N (Contd.55 17.55 (Rs.
Reconciliation of fair value of assets and obligations Gratuity (Funded) 2009-10 2008-09 596.44 19. . The Deferred Tax Assets (net) comprise of the following: (Rs. assessed risks.01) 301.55 7 Gratuity Leave Encashment (Funded) (Unfunded) 2009-10 2008-09 2009-10 2008-09 Discount rate (per annum) 8. 1961 79.Disallowance under the Income Tax Act. 2010 31st March.26) (52. The above information is certified by the actuary.83 (Rs. take into account inflation.18 312.00% 7.68 (401. Expenses recognized during the year Gratuity (Funded) 2009-10 2008-09 Current Service Cost Interest Cost on benefit obligation Actuarial (gain)/ loss recognized in the year Expected return on plan assets Past Service Cost Net benefit expense/ (Income) Actual return on plan asset V.Related to Fixed Assets 29 449. historical results of return on plan assets and the Company’s policy for plan assets management.Related to Fixed Assets 1 511. 2009 (i) Deferred Tax Assets .43) (128. in lakh) Leave Encashment (Unfunded) 2009-10 2008-09 50.00% 8.11 39.96) (39. mainly the composition of plan assets held.51 (Rs.42 . Actuarial assumptions 68.08 (75.22 79.89) 267.98) 39.76 (164.25 238.65 374. in lakh) As at As at 31st March.79) (271.) III.50% 8.10 64.42 (318.10 1. The expected rate of return on plan assets is determined considering several applicable factors.49) 52.43 101.38 (ii) Deferred Tax Liability . in lakh) Leave Encashment (Unfunded) 2009-10 2008-09 311.750.00% 8.55) (217.68 Note : The virtual certainty is based on agreements.00% Nil 8.62 30 613.83 311.28 1 541.16 222.00% Rate of escalation in salary (per annum) 6% 4% 6% 4% The estimates of rate of escalation in salary considered in actuarial valuation.00% Expected rate of return on plan assets (per annum) 8.92 3.24 Reliance Retail Limited Schedules forming part of the Balance Sheet SCHEDULE N (Contd. seniority.227. promotion and other relevant factors including supply and demand in the employment market.Carried forward loss 2 159.43 551.29 109.36 - Fair value of plan assets Present value of obligation Amount recognised in Balance Sheet IV.18 .28 1 541.
9.50 10 Managerial Remuneration 12 Financial and Derivative Instruments Derivative contracts entered into by the Company and outstanding as on 31st March.649.04 2008-09 (2.00 10. in lakh) 2008-09 45.90 52.06 kg). Assets are taken on lease over a period of 1 to 30 years. wherever applicable) 2009-10 (i) Audit Fees (ii) Tax Audit Fees (iii) Fees For Certification and Consultation Work (iv) Expenses Reimbursed 9 General description of Lease terms : a b Lease rentals are charged on the basis of agreed terms.90 42. ii) For Hedging Commodity Related Risks: Forward contract for hedging the price risk of gold entered into by the Company and outstanding as at 31st March.) 8 Payment to Auditors (excluding Service Tax.88 lakh for 525.50 58. (Rs.89 73. in lakh) (ii) Weighted Average number of Equity Shares used as denominator for calculating EPS (iii) Basic and Diluted Earnings/ (Loss) per share of face value of Rs. in lakh) 2009-10 (i) Salaries (ii) Perquisites and Allowances (iii) Leave salary/ Encashment (iv) Contribution to Provident Fund (v) Gratuity 11 Earnings Per Share (EPS) (i) Net Profit after tax as per Profit and Loss Account (Rs.68 2008-09 34.42 .63 lakh (Previous Year Rs.7. in lakh) 2008-09 3 88.11 lakh). 9. 2010 i) For Hedging Currency Related Risks: Nominal amounts of Forward contracts entered into by the Company and outstanding as at 31st March.00 4.38 5.74 1.024. 2010 amount to Rs.822.070.2.41 1.00 9.25 7.Reliance Retail Limited 25 Schedules forming part of the Balance Sheet SCHEDULE N (Contd.84 kg (Previous Year Rs.274.36 0. 10 each (Rupees) 2009-10 1.28 lakh for 571.30 4.50 5.64 (Rs.34 4 05 56 00 000 0.48 4.74 1.66 2 14.54) 40 10 00 000 (0.025.53 50. 2010 amount to Rs.05) 40. 13 Value of Imports on CIF basis in respect of: 2009-10 a b Traded Goods Capital goods (Rs.
1956 are given to the extent applicable. in lakh Indigenous 84. the disclosures of transactions with the related parties as defined in the Accounting Standard are given below : a) List of related parties with whom transactions have taken place and relationships: Sr No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Name of the Related Party Reliance Industries Limited Reliance Agri Products Distribution Limited Reliance Autozone Limited Reliance Brands Limited Reliance Dairy Foods Limited Reliance Digital Media Limited Reliance F&B Services Limited Reliance Financial Distribution and Advisory Services Limited Reliance Food Processing Solutions Limited Reliance Footprint Limited Reliance Fresh Limited Reliance Gems and Jewels Limited Reliance-GrandOptical Private Limited Reliance Home Store Limited Reliance Hypermart Limited Reliance Infrastructure Management Services Limited Reliance Integrated Agri Solutions Limited Reliance Leisures Limited Reliance Lifestyle Holdings Limited Reliance Loyalty & Analytics Limited Reliance Nutritional Food Processors Limited Reliance One Enterprises Limited } } } } } } } } } } } } } } } } } } } } } Subsidiary Companies Relationship Holding Company . in lakh) 2008-09 2.17 15.26 Reliance Retail Limited Schedules forming part of the Balance Sheet SCHEDULE N (Contd.42 % of Consumption 100% Rs.71 5.48 16 Information as required under para 3.77 2.79 11 63.52 2008-09 % of Consumption 100% (Rs.96 15 Value of Stores and Packing Materials Consumed 2009-10 Rs. notified in the Companies (Accounting Standards) Rules 2006. in lakhs 10 56. 4 and 4A to 4D of part II of schedule VI of Companies Act.) 14 Expenditure in Foreign Currency: 2009-10 a b Professional Fees Other matters 11 48. 17 As per Accounting Standard 18 “Related Party Disclosures”.
) Sr No 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 Name of the Related Party Reliance People Serve Limited Reliance Personal Electronics Limited Reliance Petro Marketing Limited Reliance Replay Gaming Limited Reliance Retail Finance Limited Reliance Retail Insurance Broking Limited Reliance Retail Securities and Broking Company Limited Reliance Retail Travel & Forex Services Limited Reliance Review Cinema Limited Reliance Supply Chain Solutions Limited Reliance Trade Services Centre Limited Reliance Trends Limited Reliance Universal Ventures Limited Reliance Vantage Retail Limited Reliance Wellness Limited Reliancedigital Retail Limited RESQ Limited Retail Concept & Services ( India) Limited Delight Proteins Limited LPG Infrastructure (India) Limited Strategic Manpower Solutions Limited Reliance Corporate IT Park Limited Reliance Vornado Development Private Limited Reliance Vornado Management Private Limited Reliance-GrandVision India Supply Private Limited Reliance-Vision Express Private Limited Marks and Spencer Reliance India Private Limited eOfficeplanet India Private Limited Mr.Raghu Pillai } } } } } } } } } } } } } } } } } } } } } } } } } } } Associate Key Managerial Personnel Joint Venture Companies Fellow Subsidiary Subsidiary Companies Relationship .Reliance Retail Limited 27 Schedules forming part of the Balance Sheet SCHEDULE N (Contd.
1 Additional Share Capital 2 12.83 5321 51.59 4725 06.83 70 74.66 12 Sundry Debtors 13 Sundry Creditors 191 98.39 274 90.53 39 98.80 3.83 70 74.60 7 31.24 14 Financial Guarantees given Note : Figures in italics represent previous year’s amount.84 6 Purchases 39 46.67 10.45 5.04 180 74.83 118 23.83 112 02.49 45 66.00 596 30.94 20 43.00 10 Investments 11 Loans and Advances 64.Printing and Stationery 8 Payment to Key Managerial Personnel Balance as at 31st March.66 8 55.84 - 1220 00.65 Key Managerial Personnel 52.28 Reliance Retail Limited Schedules forming part of the Balance Sheet SCHEDULE N (Contd.81 .19 1 25.53 1180 10.23 52.63 4211 77.85 1186 25.00 2 Purchase of Investments 3 Sale/ redemption during the year 4 Loans and Advances given/ (returned) ( 64.00 6 21.71 41.68 33 69.62 3.19 52.27 12 34.00 6.83 ( 20.75 19 18.00 176 05.50 5.59 4724 21.37 1.00 1 16.) (b) Transactions during the year with related parties (excluding reimbursements): (Rs.Professional Fees .50 1.00 57 82.19 12 31.53 6.33 6 13.53 Total 1220 00.66 126 94.66 5 Turnover 119 63.43 456 15.62 1.27 8 20.68 42.67 .00 44.07 7 Expenditure .53 1.33 5.09 8 33.00 113 19.53 5220 00.Store Running Expenses .00 4000 00.40 40.62 3.00 597 15.97 192 45.00 4000 00.68 42. in lakh) Sr No Nature of Transactions Holding Company Subsidiaries Fellow Subsidiaries Joint Venture and Associate Companies 55 70.29 4203 55.00 5321 51.83 20.00 112 02.09 1.23 167 72.66) 64.61 8 20. 2010 9 Share Capital 5220 00.42 45 66.00) 7 57.68 34 25.80 11.01 8 55.Rent .
54 118.40 1. 2010 31st March. Reliance Hypermart Limited Rs.594.678.775.98 6.2995.34 30.6874.10 811.970.478.685.14 7.43 212.16 177.00 lakh). 25.06 28.24. Reliancedigital Retail Limited Rs.85 17.800.72 lakh).33 2.94 88.10 143.484. b Purchase of Investment includes subscription to the Equity Shares of Reliance Retail Insurance Broking Limited Rs. 18 Loans and advances in the nature of Loans given to Subsidiaries/ Joint Venture: (Rs.47 Lakh (Previous Year Rs. 2009 during the year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Reliance Agri Products Distribution Limited Reliance Autozone Limited Reliance Brands Limited Reliance Dairy Foods Limited Reliance Digital Media Limited Reliance F&B Services Limited Reliance Financial Distribution and Advisory Services Limited Reliance Food Processing Solutions Limited Reliance Footprint Limited Reliance Fresh Limited Reliance Gems and Jewels Limited Reliance Home Store Limited Reliance Hypermart Limited Reliance Infrastructure Management Services Limited Reliance Integrated Agri Solutions Limited Reliance Leisures Limited Reliance Lifestyle Holdings Limited Reliance Loyalty & Analytics Limited Reliance Nutritional Food Processors Limited Reliance One Enterprises Limited 3.96 6.478.839.987.415.490. 46.71 12.54 124.54 1.84 lakh).559.56 lakh (Previous Year Rs.53 lakh) to Shri Raghu Pillai. Rs.50 92.00 3.59 lakh (Previous Year Rs.Nil). g Professional Fees consists of Reliance Vornado Development Private Limited Rs.14 lakh (Previous Year Rs. Reliance Fresh Limited Rs.Nil).83 106.972. Reliance Trends Limited Rs.830.38 2.09 lakh).32 6.Nil).170.93 1.96 17.87 811.Nil) and Reliance Hypermart Limited Rs.616. d Turnover includes to Reliance Industries Limited.60 2.05 17.Reliance Retail Limited 29 Schedules forming part of the Balance Sheet SCHEDULE N (Contd.56 1.456.10 a . 605.00 25.00 lakh (Previous Year Rs.1.23 lakh (Previous Year Rs.95 133.5.62 lakh (Previous Year Rs. i Payment to Key Managerial Personnel consists of payment of Rs.87 1.14 8.298.909.3.57 3.29 9.122.19 lakh (Previous Year Rs.34.64 lakh (Previous Year Rs.06 253.586 lakh).88 lakh) and Reliance Leisures Limited Rs.975.683.52 lakh (Previous Year Rs.42 98.573.49 lakh (Previous Year Rs.219.726.110.963. e Purchases include from Reliance Industries Limited. Reliance Trends Limited Rs.64 35.028.99 14.1.200 lakh (Previous Year Nil).7810.750.28 lakh).33 lakh (Previous Year Rs.00 92.7.227.00 lakh (Previous Year Nil).6.52 lakh (Previous Year Rs. Reliance Dairy Foods Limited Rs.5738.50 1.70 188.8.131.52 1.Nil).08 106.57 3.057.90 29.64 31.5609. Rs.21 122.736.966. in lakh) Name of the Company As at As at Maximum Balances 31st March.53 210.42.) Disclosure in respect of material Related Party Transactions during the year: Additional Investment in Share Capital includes the receipt of call money against the partly paid shares from Reliance Industries Limited to the extent of Rs.946.10 158.52. Marks and Spencer Reliance India Private Limited Rs.32.422.07 lakh) and Reliance Hypermart Limited.170. Reliance Lifestyle Holdings Limited Rs.10 1.51 lakh (Previous Year Nil).27.34 30.025.1250.635.00 lakh).612.203.39 lakh (Previous Year Rs. Rs.67 5.000.387.96 17.6543.591.19 144.125.3920.04 lakh (Previous Year Nil).4456. f Store Running Expenses includes Strategic Manpower Solutions Limited Rs. 11.814.80 144.Nil).68 lakh (Previous Year Rs.909.86 1.55.00 lakh (Previous Year Rs.32 2. h Printing and Stationery from eOffice Planet India Private Limited Rs.465. 3.455.83 lakh) and Reliance Vision Express Private Limited Rs.38 lakh (Previous Year Rs. c Loans and Advances given/ (returned) include to Reliance Fresh Limited Rs.65 5. 20.
91 438.30 Reliance Retail Limited Schedules forming part of the Balance Sheet SCHEDULE N (Contd.46 1.38 2. 19 The details of Joint Ventures are as follows: Name of the Joint Ventures Marks and Spencer Reliance India Private Limited Reliance Vornado Development Private Limited Reliance Vornado Management Private Limited Reliance-Grand Vision India Supply Private Limited Reliance-Vision Express Private Limited Supreme Tradelinks Private Limited (wholly owned subsidiary of Marks and Spencer Reliance India Private Limited) Country of Incorporation India India India India India India Proportion of ownership interest 49% 50% 50% 50% 50% 49% As at Maximum Balances 31st March.958.72 980.025.03 Reliance People Serve Limited Reliance Personal Electronics Limited Reliance Retail Finance Limited Reliance Retail Insurance Broking Limited Reliance Retail Securities & Broking Company Limited Reliance Retail Travel & Forex Services Limited Reliance Review Cinema Limited Reliance Supply Chain Solutions Limited Reliance Trade Services Centre Limited Reliance Trends Limited Reliance Universal Ventures Limited Reliance Vantage Limited Reliance Wellness Retail Limited Reliancedigital Retail Limited Reliance-GrandOptical Private Limited RESQ Limited Retail Concepts & Services (India) Limited Delight Proteins Limited Strategic Manpower Solutions Limited .57 472.958.89 1.59 10.629.958.899.49 376.65 26.685. (c) Loans to employees as per Company’s policy are not considered. 2010 37.37 514.853.02 7. (d) All the above loans and advances are to the company under the same management.92 22.590.70 132.53 114.136.50 1. 2009 during the year 83.444.707.314.90 Notes: (a) Loans and Advances.00 8.78 4.94 22.517.00 9.27 7.215.673.45 45.656.90 6.04 6.00 391.00 480.71 22.78 8.31 12.52 3. (b) All the above loans and advances are interest free.86 585.95 369.423.04 18.834.575.05 841.40 979.51 34.68 14.) (Rs.61 291.23 17. to Subsidiaries fall under the category of ‘Loans and Advances’ in nature of Loans where there is no repayment schedule and are re-payable on demand.03 3.12 26.44 11. shown above.20 16.909.46 95.05 532.10 20.662.421. in lakh) Name of the Company 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 As at 31st March.825.98 110.34 6.55 428.71 24.71 45.37 379.94 40.50 8.91 12.590.18 19.
31 2886. liabilities.51 758.191. in lakh Closing Stock Qty Rs.72 Opening Stock Qty 782. Schedule VI to the Companies Act. the Company’s share of assets. Ambani Manoj H.414. Modi Prof. Jain K.V.46/86/2009-CL-III dated 21/05/2009 issued under Section 211(4) of the Companies Act.395. 2009 1033.Ghatalia & Associates Chartered Accountants per Sudhir Soni Partner Membership No.80 3. in lakh Kg 11303.03 915.93 9192. Dipak C.47 13776. (2) As per our Report of even date For Chaturvedi & Shah Chartered Accountants Rajesh D.26 3881.39 19905. Sridhar Chairman Director Director Manager Asst.66 Rs.Reliance Retail Limited 31 Schedules forming part of the Balance Sheet SCHEDULE N (Contd. income and expenditure are as follows: (Rs.72 719.038.75 8.40 In view of the large number of heterogeneous nature of items purchased and sold.31 3. 1956. The Ministry of Corporate Affairs.29 15285. Chaturvedi Partner Membership No. Government of India vide its Order No.45 Qty Sales Rs.71 2472.08 Rs. Raja K.18 Purchases Qty 891. 41870 For and on behalf of the Board Mukesh D. in lakh) Particulars (i) Assets Long Term Assets Investment Current Assets (ii) Liabilities Current Liabilities and Provisions (iii) Income (iv) Expenses 21 Quantitative Details : Sr.61 3898.78 8.200.79 19167. Hence previous year’s figures are not disclosed.900.23 16926. R.42 As at 31st March. in lakh 13028. During the previous year. Category UOM 1 2 Gold (including ‘in Studded Jewellery’) Diamond/ Precious Stones in (1) Studded Jewellery and Others Total Note : (1) As at 31st March.) 20 In respect of jointly controlled entities. 45882 Mumbai Dated : 23rd April 2010 For S.96 10. the quantitative information have been furnished to the extent practicable and giving meaningful information. 1956 has exempted the Company from the disclosure of quantitative details in the Profit and Loss Account under paras 3(i)(a) and 3(ii)(b) of Para II.12 3868. 2010 3. Company Secretary . in lakh 16037.14 1474.
Capital raised during the year: (Rupees in Thousand) Public Issue: Bonus Issue: Share Application Money: N I L N I L N I L Rights Issue: Private Placement: N I L 1 6 7 9 0 0 0 0 (including for party paid-up Shares) III.2 0 1 0 State Code 1 1 II.32 Reliance Retail Limited Additional Information as required under Part IV of Schedule VI to the Companies Act.0 3 . 0 . 0 4 0 4 Dividend Rate: N I L 2 7 6 0 8 1 7 ( 7 0 0 0 8 ) Total Expenditure: Profit / (-) Loss after tax: 3 4 0 7 0 2 9 1 8 2 2 3 4 Generic Names of principal services of the company: Item Code Number : Product Description N A N A . Performance of the Company: (Rupees in Thousand) Net Turnover: Profit / (-) Loss before tax: Earnings per Share in Rs: .Diluted V . 0 .Basic . Balance Sheet Date: U 1 7 1 2 0 M H 1 9 9 8 P L C 1 1 4 0 1 0 3 1 . 1956 Balance Sheet Abstract and Company’s General Business Profile: I. Position of mobilisation and deployment of funds: (Rupees in Thousand) Total Liabilities: Sources of Funds: Paid up Capital: Share Application Money: Reserves and Surplus: Secured Loans: Unsecured Loans: Current Liabilities 5 7 3 0 0 0 0 0 N I L N I L 2 1 5 0 7 3 N I L 2 4 7 5 0 4 2 5 9 9 9 0 1 1 5 Total Assets: Application of Funds: Net Fixed Assets: Investments: Deferred Tax Assets: Current Assets Miscellaneous Expenditure: Profit and Loss Account: 1 2 9 1 8 1 1 1 7 6 0 9 6 3 3 7 5 0 1 0 5 6 4 1 9 8 2 4 4 9 8 8 1 3 7 5 1 9 5 9 9 9 0 1 1 5 IV. Registration Details: Registration No.
53) (558.258.92 115.58) 5.00 100.00 5.78) (38.935.05) (1.00 (973.430.430.23 0.64) (61.77 7.084.56) (278.00 (241.00 (7.78 982.04) (371.22 (618.73 1.104.83) (219.51 2.178.01 17.84 5.22 11.00 (1.00 5.82 (76.06) (203.708.66) (73.56) (299.00 (988.115.89) (168.92 60.19) (4.39) (127.17) 22.208.813.33 (72.951.764.96) (1.71) 5.00 (1.32 (211.044.55 15.00 5.88) (149.12 5.077.276.21) (415.72) (1.487.251.14) (251.66 13.762.06 0.265.813.74) 248.97) (460.00 (41.92 5.836.097.62 5.67) (2.561.758.00 (9.529.03) (975.63) (784.78 (415.66) 142.55) (1.96 4.16) (679.98 29.03) (3.85) (1.67 13.52 (6.35) (1.69 311.37) 3.00 51.564.813.00 101.09) (469.00 5.392.783.487.45 11.96) (98.693.07 INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA 5.97 5.27 264.Financial Information of Subsidiary Companies (Rs.00 5.15 182.48 6.22 116.99) (603.15 0.184.22) INDIA INDIA Capital Reserves Total Assets Total Liabilities Investments Turnover/ Total Income Profit Before Taxation Provision for Taxation Profit After Taxation Proposed Country Dividend Sr.097.38 6.91 0.762.20) (278.72) (2.55 15.152.484.45 10.009.24) (1.331.25) (802.00 5.29) (219.04) (24.599.62 3.98 1.935.14 7.09) (1.186.45 1.98) (25.99) (25.62) (106.561.951.06) (2.812.374.11) (16.77) 25.758.73 1.78 5.18) (179.20 12.421.00 202.38 6.36) 5.70 27.03) (21. No.81 6.34 10.75) (171.98 115.23) 133.51) (2.23) 2.780.529.900.92 142.25 511.513.33 25.14 2.26) (466.67) 311.398.99) (98.86 24.208.18) (59.265.84) (1.04) (387.27 264.00 1.599.94) 222.178.045.22 116.777.193.097.136.29) (461.018.03) (193.45 1.98 175.22 11.453.92) 182.77 (21.63) (313.24 3.22) (287.19) (138.54) (118.86 24.35) (683.00 (555.374.73) (315.00 5.53 10.33 6.68 253.70 27.115.080.71) 13. in lakh) Reporting Currency Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees 56.946.29) (895.01) (611.24 3.149.08 6.836.98 1.19) (2.00 5.92 12.306.70 5.06 22.74) (7.29) (12.00 5.90 41.777.00 5.03) (5.14 7.392.51 2.875.875.48 6.39) (306.41) (523.527.53 10.84) 400.747.97) (823.596.097.00 5.813.34 10.08 2.59 (496.31 0.64 3.81 6.75) (520. Name of Subsidiary Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 Reliance Retail Limited 28 Reliance Fresh Limited Retail Concepts & Services (India) Limited Reliance Retail Insurance Broking Limited Reliance Dairy Foods Limited Reliance Retail Finance Limited RESQ Limited Reliancedigital Retail Limited Reliance Financial Distribution and Advisory Services Limited Reliance Hypermart Limited Reliance Retail Travel & Forex Services Limited Reliance Trends Limited Reliance Wellness Limited Reliance Brands Limited Reliance Footprint Limited Reliance F&B Services Limited Strategic Manpower Solutions Limited Reliance Gems and Jewels Limited Reliance Integrated Agri Solutions Limited Reliance Food Processing Solutions Limited Reliance Universal Ventures Limited Reliance Lifestyle Holdings Limited Reliance Autozone Limited Delight Proteins Limited Reliance Supply Chain Solutions Limited Reliance Leisures Limited Reliance Home Store Limited Reliance Agri Products Distribution Limited Reliance Vantage Retail Limited 33 .186.780.75) (73.23) (472.681.349.428.349.35) (13.69 63.33) (36.097.38) (2.41) (159.68) 10.00 (449.01) 11.683.00 5.192.05 208.41) (182.08 2.11) (209.15 18.97 10.00 5.69 630.00 5.84 5.527.347.57) (8.077.48) (4.97 13.92 2.361.516.325.00 5.61) (215.32 1.14 2.54) (2.
69 3.34 9. in lakh) Reporting Currency Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees 5.08 31.94 663.80 (62.73) (4.10) (1.42) (7.61) (0.97) 0.02) 895.60) 25.42) (6.30 98.00 5.61) (0.77 228.72) (0.77 562.837.624.00 5.72) INDIA Capital Reserves Total Assets Total Liabilities Investments Turnover/ Total Income Profit Before Taxation Provision for Taxation Profit After Taxation Proposed Country Dividend Sr.13 (0.49) (19.26) (0.49) (19.51 115.44) (5.43 3.72 15.59 5.87 49.22) 2.33) (0. No.82 96.00 (4.00 (146.95 4.11) (14.05) 39.432.92 5.34 Financial Information of Subsidiary Companies (Rs.39 20.94) 16.27 0.92) 10.59 10.89 4.00 410.22 39.13 95.89 2.58) (0.41) 228.26) (0.00 (993.90) (46.72) (62.04 121.86 13.852.71) INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA INDIA 5.69 3.87 49.93) (874.104.00 5.22 6.99 (24.27 31.59 10.00 5.43 3.10) 95.72 15.72 199.60 5.16 0.73) (4.898.104.93 (30.21 83.51 17.53) (1.71 46.21 5.00 (106.33) INDIA INDIA 5.30) (1.59 5.33) (115.04 121.99) (230.00 5. Name of Subsidiary Company 29 Reliance Retail Limited 30 31 32 33 34 35 36 37 38 39 40 41 42 Reliance Trade Services Centre Limited Reliance One Enterprises Limited Reliance-GrandOptical Private Limited Reliance Digital Media Limited Reliance Loyalty & Analytics Limited Reliance Retail Securities and Broking Company Limited Reliance People Serve Limited Reliance Infrastructure Management Services Limited Reliance Personal Electronics Limited Reliance Nutritional Food Processors Limited Reliance Review Cinema Limited Reliance Replay Gaming Limited Reliance Petro Marketing Limited LPG Infrastructure (India) Limited .29 5.86 13.00 (82.92 1.00 (13.06 60.00 5.36) (16.09) (230.852.36) (24.85 (73.71) (27.53 (14.92 895.
This action might not be possible to undo. Are you sure you want to continue?
We've moved you to where you read on your other device.
Get the full title to continue listening from where you left off, or restart the preview.