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NOTES (Contd.

Annual Report 2012-2013

The difference between the face value and the issue price of Discounted Value Non Convertible Debentures!" bein# in the nature of interest" is char#ed to the State$ent of %rofit and &oss" on a co$pound interest basis deter$ined with reference to the 'ield inherent in the discount.

(6)

Depreciation and ($ortisation) Depreciation is provided on strai#ht line basis at the rates and in the $anner prescribed in Schedule *+V to the Co$panies (ct" ,-./ e0cept for so$e assets which are at hi#her rates conse1uent to $ana#e$ent esti$ate of the useful life of the sa$e" as stated under) No. , : 7 ; . / < > 2i0ed (sset 4oads" Culverts" 5alls" 6uildin#s etc." within factor' pre$ises Co$puters and Office E1uip$ent 2urniture and 2i0tures =obile %hones Co$pan' Vehicles (other than those provided to the e$plo'ees) =otor Cars #iven to the e$plo'ees as per the Co$pan'!s Sche$e &easehold &and and =inin# &ease (ssets not owned b' the Co$pan' E0penditure incurred on ?ett' 3seful life of the assets 78 9ears ; 9ears < 'ears 7 'ears . 9ears Sche$e %eriod %eriod of the &ease (s per period specified in the a#ree$ent" else . 'ears Over the period of the relevant a#ree$ent such that the cu$ulative a$ortisation is not less than the cu$ulative rebate availed b' the Co$pan' 4ates prevailin# at the ti$e of ac1uisition 7 'ears (llocated on S'ste$atic basis over the useful life of related fi0ed assets

,8 ,, ,:

(ssets ac1uired up to Septe$ber 78" ,->< Software Spares which are capitalised

Depreciation on additions is provided on a pro rata basis fro$ the $onth of installation or ac1uisition and in case of %ro@ects fro$ the date of co$$ence$ent of co$$ercial production. Depreciation on deductionsA disposals is provided on a pro rata basis upto the $onth precedin# the $onth of deductionAdisposal.

(7)

+$pair$ent of (ssets) The carr'in# a$ount of assets are reviewed at each balance sheet date" if there is an indication of i$pair$ent based on internal and e0ternal factors. (n asset is treated as i$paired when the carr'in# cost of the asset e0ceeds its recoverable a$ount. (n asset!s recoverable a$ount is the hi#her of an assets net sellin# price and value in use. Value in use is the present value of esti$ated future cash flows e0pected to arise fro$ the continuin# use of an asset and fro$ its disposal at the end of its useful life. Net sellin# price is the a$ount obtainable fro$ sale of the asset in an ar$!s len#th transaction between Bnowled#eable" willin# parties" less the costs of disposal.

>8
Limited

UltraTech Cement

Annual Report 2012-2013

NOTES (Contd.)

(n i$pair$ent loss" if an'" is char#ed to the State$ent of %rofit and &oss in the 'ear in which the asset is identified as i$paired. +$pair$ent loss reco#nised in prior 'ears is reversed when there is an indication that i$pair$ent loss reco#nised for the asset no lon#er e0ists or has decreased.

(8)

2orei#n Currenc' Transactions)

1)

Transactions deno$inated in forei#n currenc' are recorded at the e0chan#e rate prevailin# on the date of the transaction. =onetar' assets and liabilities deno$inated in forei#n currenc' at the balance sheet date are translated at the 'ear end rates. +n respect of forward e0chan#e contracts" pre$iu$ or discount" bein# the difference between the forward e0chan#e rate and the e0chan#e rate at the inception of contract is reco#nised as e0pense or inco$e over the life of the contract.
E0chan#e difference includin# pre$iu$ or discount on forward e0chan#e contracts" relatin# to borrowed funds" liabilities and co$$it$ents in the forei#n currenc' for ac1uisition of fi0ed assets" arisin# till the assets are read' for their intended use" are ad@usted to cost of fi0ed assets. (n' other e0chan#e difference either on settle$ent or translation is reco#nised in the State$ent of %rofit and &oss.

2)

3)

4) (9)

+nvest$ent in e1uit' capital of co$panies re#istered outside +ndia are carried in the 6alance Sheet at the rates at which transactions have been e0ecuted.

Derivatives) 2inancial Derivative +nstru$ents Derivative instru$ents are used to hed#e risB associated with forei#n currenc' fluctuations and interest rates. The derivative contracts are closel' linBed with the underl'in# transactions and are intended to be held till $aturit'. These are accounted on the date of their settle$ent and realised #ainAloss in respect of settled contracts is reco#nised in the State$ent of %rofit and &oss. Co$$odit' Ced#in# The realised #ain or loss in respect of co$$odit' hed#in# contracts" the pricin# period of which has e0pired or contracts cancelled durin# the 'ear" are reco#niDed in the State$ent of %rofit and &oss. Cowever" in respect of contracts" the pricin# period of which e0tends be'ond the 6alance Sheet date" suitable provision for liBel' loss" if an'" is $ade in the accounts.

(10)

+nvest$ents) +nvest$ents" that are intended to be held for not $ore than one 'ear" are classified as current invest$ents. (ll other invest$ents are classified as lon# ter$ invest$entsAnon current invest$ents. &on# ter$ invest$ents are carried at cost after deductin# provisions $ade" if an'" for di$inution in value of invest$ents other than te$porar'" deter$ined separatel' for each individual invest$ent. Current invest$ents are carried at lower of cost and fair value deter$ined for each cate#or' of invest$ents.

(11)

+nventories) +nventories are valued as follows)

1)

4aw $aterial" fuel" stores E spare parts and pacBin# $aterials) Valued at lower of cost and net realisable value (N4V). Cowever" these ite$s are considered to be realisable at cost" if the finished products" in which the' will be used" are e0pected to be sold at or above cost. Cost is deter$ined on wei#hted avera#e basis.

2)

5orB in pro#ress (5+%)" finished #oods" stocB in trade and trial run inventories)

Valued at lower of cost and N4V. 2inished #oods and 5+% cost includes cost of conversion and other costs incurred in brin#in# the inventories to their present location and condition. Cost of inventories is co$puted on wei#hted avera#e basis
UltraTech Cement Limited

>,

NOTES (Contd.)

Annual Report 2012-2013

3)

5aste A Scrap is valued at N4V Net realisable value is the esti$ated sellin# price in the ordinar' course of business" less the esti$ated costs of co$pletion and the esti$ated costs necessar' to $aBe the sale.

(12)

E$plo'ee 6enefits)

1) 2)

Short ter$ e$plo'ee benefits Short ter$ e$plo'ee benefits are reco#nised as an e0pense on accrual basis. Defined Contribution %lan Contributions pa'able to reco#nised provident fund and approved superannuation sche$e" which are substantiall' defined contribution plans" are reco#nised as e0pense in the State$ent of %rofit and &oss" as the' are incurred. Contributions as specified b' law are paid to the provident fund set up as irrevocable trust. The Co$pan' is #enerall' liable for annual contribution and an' shortfall in the fund assets based on the #overn$ent specified $ini$u$ rates of return and reco#nises such contribution and shortfall" if an'" as an e0pense in the 'ear incurred.

3)

Defined 6enefit %lan The obli#ation in respect of defined benefit plans" which cover Fratuit'" %ension and %ost retire$ent $edical benefits" are provided for on the basis of an actuarial valuation" usin# the pro@ected unit credit $ethod" at the end of each financial 'ear. Fratuit' is funded with an approved fund. (ctuarial #ainsA losses" if an'" are reco#nised i$$ediatel' in the State$ent of %rofit and &oss. Obli#ation is $easured at the present value of esti$ated future cash flows usin# a discount rate that is based on the prevailin# $arBet 'ields of Fovern$ent of +ndia securities as at the 6alance Sheet date for the esti$ated ter$ of the obli#ations.

4)

Other &on# ter$ 6enefits &on# ter$ co$pensated absences are provided for on the basis of an actuarial valuation" usin# the pro@ected unit credit $ethod" at the end of each financial 'ear. (ctuarial #ainsAlosses" if an'" are reco#nised i$$ediatel' in the State$ent of %rofit and &oss.

5) (13)

%resentation of Non funded obli#ation of defined benefit plans and other lon# ter$ benefits" as lon# ter$ and short ter$ liabilit' is on the basis of actuar'!s report.

E$plo'ee Share based pa'$ents) The Co$pan' follows intrinsic value $ethod for valuation of E$plo'ee StocB Options. +n accordance with the SE6+ (E$plo'ee StocB Option Sche$e and E$plo'ee StocB %urchase Sche$e) Fuidelines" ,--- and the Fuidance Note on (ccountin# for E$plo'ee Share based pa'$ents" issued b' the +nstitute of Chartered (ccountants of +ndia. The e0cess of $arBet price of shares at the ti$e of #rant of options" over the e0ercise price to be paid b' the option holder is considered as e$plo'ee co$pensation e0pense and is a$ortised in the State$ent of %rofit and &oss over the period of vestin#" ad@ustin# for the actual and e0pected vestin#.

(14)

+nco$e Ta0es) +nco$e Ta0 e0penses co$prise current ta0 and deferred ta0 char#e or credit. Current Ta0 is $easured on the basis of esti$ated ta0able inco$e for the current accountin# period in accordance with the provisions of the +nco$e ta0 (ct" ,-/,. Deferred Ta0 reflects the i$pact of ti$in# difference between accountin# inco$e and ta0able inco$e

durin# the current 'ear and reversal of ti$in# differences for the earlier 'ears. Deferred ta0 char#e or credit and correspondin# deferred ta0 liabilities or assets are $easured usin# the ta0 rates and laws

>:
Limited

UltraTech Cement

Annual Report 2012-2013

NOTES (Contd.)

enacted or substantivel' enacted as on the balance sheet date. Deferred ta0 assets are reco#nised and carried forward onl' to the e0tent that there is reasonable certaint'" e0cept for carried forward losses and unabsorbed depreciation which is reco#nised based on virtual certaint'" that the assets will be realised in future.

(15)

4evenue 4eco#nition) 4evenue is reco#nised to the e0tent that it is probable that the econo$ic benefit will flow to the Co$pan' and the revenue can be reliabl' $easured.

1) 2) 3)

Sales are reco#nised on transfer of si#nificant risBs and rewards of ownership of the #oods to the bu'er. Sales are net of Sales Ta0" V(T" trade discounts" rebates and returns but include e0cise dut'. +nco$e fro$ services is reco#nised as the' are rendered" based on a#ree$entAarran#e$ent with the concerned parties. Dividend inco$e is accounted for when the ri#ht to receive the inco$e is established. +nterest inco$e is reco#nised on ti$e proportion basis taBin# into account the a$ount outstandin# and the rate applicable. E0port incentives" insurance" railwa' and other clai$s" where 1uantu$ of accruals cannot be ascertained with reasonable certaint'" are accounted on acceptance basis.

4) (16)

=ines 4estoration E0penditure) The Co$pan' provides for the esti$ated e0penditure re1uired to restore 1uarries and $ines. The total esti$ate of restoration e0penses is apportioned over the esti$ate of $ineral reserves and a provision is $ade based on $inerals e0tracted durin# the 'ear. The total esti$ate of restoration e0penses is reviewed periodicall'" on the basis of technical esti$ates.

(17)

%rovisions" Contin#ent &iabilities and Contin#ent (ssets) %rovisions are reco#nised when there is a present obli#ation as a result of past events and it is probable that an outflow of resources will be re1uired to settle the obli#ation" in respect of which a reliable esti$ate can be $ade. These are reviewed at each 6alance Sheet date and ad@usted to reflect the current best esti$ate. ( present obli#ation that arises fro$ past events where it is either not probable that an outflow of resources will be re1uired to settle or a reliable esti$ate of the a$ount cannot be $ade" is disclosed as a contin#ent liabilit'. Contin#ent liabilities are also disclosed when there is a possible obli#ation arisin# fro$ past events" the e0istence of which will be confir$ed onl' b' the occurrence or non occurrence of one or $ore uncertain future events not wholl' within the control of the Co$pan'. Clai$s a#ainst the Co$pan' where the possibilit' of an' outflow of resources in settle$ent is re$ote" are not disclosed as contin#ent liabilities. Contin#ent &iabilities are not reco#nised but are disclosed and Contin#ent (ssets are neither reco#nised nor disclosed" in the financial state$ents.

(18)

Earnin#s %er Share) The basic Earnin#s %er Share (GE%SH) is co$puted b' dividin# the net profit A (loss) after ta0 for the 'ear attributable to the e1uit' shareholders b' the wei#hted avera#e nu$ber of e1uit' shares outstandin# durin# the 'ear. 2or the purpose of calculatin# diluted earnin#s per share" net profit A (loss) after ta0 for the 'ear attributable

to the e1uit' shareholders and the wei#hted avera#e nu$ber of e1uit' shares outstandin# durin# the 'ear is ad@usted for the effects of all dilutive potential e1uit' shares.
UltraTech Cement Limited

>7

NOTES (Contd.)

Annual Report 2012-2013

(19)

Fovern$ent Frants and Subsidies)

1) 2) 3) (20)

Fovern$ent #rants and subsidies are reco#nised when there is reasonable assurance that the Co$pan' will co$pl' with the conditions attached thereto and that the #rants will be received. Capital Fovern$ent Frants or Subsidies relatin# to specific fi0ed assets are deducted fro$ the #ross value of the respective fi0ed assets and other capital #rants are credited to Capital 4eserve. Other Fovern$ent Frants or Subsidies relatin# to an e0pense ite$ are reco#nised as inco$e over the period to $atch the$ on a s'ste$atic basis to the costs or deducted fro$ related e0penses.

Se#$ent 4eportin# %olicies) %ri$ar' Se#$ent is identified based on the nature of products and services" the different risBs and returns and the internal business reportin# s'ste$. Secondar' se#$ent is identified based on #eo#raph' in which $a@or operatin# divisions of the Co$pan' operate.

(21)

4esearch and develop$ent e0penditure) 4evenue e0penditure on research and develop$ent is e0pensed as incurred. Capital e0penditure incurred on research and develop$ent is capitalised as fi0ed assets and depreciated in accordance with the depreciation polic' of the Co$pan'.

(22)

Operatin# lease) &eases where si#nificant portion of the risBs and rewards of ownership are retained b' the lessor are classified as operatin# leases and lease rentals thereon are char#ed to the State$ent of %rofit and &oss.

(23)

Current A Non Current) (ll assets and liabilities are presented as Current or Non current as per the Co$pan'!s nor$al operatin# c'cle and other criteria set out in the 4evised Schedule V+ of the Co$panies (ct" ,-./. 6ased on the nature of products and the ti$e between the ac1uisition of assets for processin# and their realisation" the Co$pan' has ascertained its operatin# c'cle as ,: $onths for the purpose of Current A Non current classification of assets and liabilities.

(24)

Cash and Cash E1uivalents) Cash and cash e1uivalents for the purpose of Cash 2low State$ent includes cash in hand" 6alances with 6anBs and 2i0ed deposits with banBs.

>;
Limited

UltraTech Cement

Annual Report

2012-2013NOTES

(Contd.)

NOTE : SC(4E C(%+T(& (s at =arch 7," :8,7 I in Crores (s at =arch 7," :8,:

(uthoris ed :>8.88 :>8"888"888 E1uit' shares of I ,8 each (%revious 9ear :>8"888"888) +ssued" Subscribed and 2ull' %aid up :<;.,> :<;",<-"-,< E1uit' shares of I ,8 each full' paid up. (%revious 9ear :<;"8/."78,) ( a ) 4econciliation of the Shares Outstandin# at the be#innin# and at the end of the 4eportin# %eriod No. of ($ount No. of Shares (I Crs) Shares (t the be#innin# of the period :<;"8/."78, :<;.8< :<;"8;,"//. (dd) Shares allotted out of shares Bept ,. in abe'ance in ter$s of the Sche$e of ($al#a$ation of erstwhile Sa$ruddhi Ce$ent &i$ited (SC&) with the Co$pan'. (dd) Shares issued under E$plo'ees ,,;"/8, 8.,, :7"/7/ StocB Options Sche$e Outstandin# at the end of the period :<;",<-"-,< :<;.,> :<;"8/."78, ( b ) Shares held b' Coldin# Co$pan' Frasi$ +ndustries &i$ited ,/."77.",.8 ,/..7; ,/."77.",.8 ( c ) &ist of shareholders holdin# $ore than .J of %aid up E1uit' Share Capital No. of J No. of Shares Coldin# Shares Frasi$ +ndustries &i$ited ,/."77.",.8 /8.78J ,/."77.",.8 No. of Shares ( d ) E1uit' Shares of I ,8 each reserved for issue under E$plo'ees StocB Option Sche$e (4efer Note ;7) ,:-"-/7 ($ount (I Crs) 8.,7 No. of Shares :;7":8:

:>8.88

:<;.8<

($ount (I Crs) :<;.8;

8.87 :<;.8<

,/..7;

J Coldin# /8.77J ($ount (I Crs) 8.:;

(5)

(##re#ate no. of Shares issued for consideration other than cash durin# the period of five 'ears i$$ediatel' precedin# the reportin# date)

E1uit' shares of I ,8 each issued as full' paid up to the shareholders of erstwhile SC&" pursuant to the Sche$e of ($al#a$ation. KE0cludin# issue of >".87 E1uit' Shares Bept in abe'ance a#ainst shares of Frasi$ +ndustries &i$ited.L (f) E1uit' Shares of I ,8 each represented b Flob ' al Depositor' 4eceipts ( N Voti o n# 4i#hts)

,;-".77";>;

,;-..7

,;-".77";/-

,;-.. 7

.";8."//<

.".:7"<7-

(7) (8)

-<",;:">./ E1uit' Shares of I ,8 each allotted to Frasi$ +ndustries &i$ited in ter$s of the Sche$e of ($al#a$ation of SC& with the Co$pan' are locBed in for a period of 7 'ears fro$ the date of allot$ent i.e. (u#ust :/" :8,8. The Co$pan' has one class of E1uit' Shares havin# a par value of I ,8 per share. Each shareholder is eli#ible for one vote per share held. The dividend proposed b' the 6oard of Directors is sub@ect to the approval of the shareholders in the ensuin# (nnual Feneral =eetin#" e0cept in case of interi$ dividend. +n the event of li1uidation" the e1uit' shareholders are eli#ible to receive the re$ainin# assets of the Co$pan' after distribution of all preferential a$ounts" in proportion to their shareholdin#.
UltraTech Cement Limited

>.

NOTES (Contd.)

Annual Report 2012-2013

NOTE 7 4ESE4VES (ND S34%&3S


(s at =arch 7," :8,7 %articulars Capital 4eser ve Cash Subsid ' 4eser ve Debenture 4ede$ption 4eserve Feneral 4eserve Securitie s %re$iu $ (ccount I in Crores Share Options Out standin# (ccount M ..8. Surplus as per State$ent of %rofit and &oss :">;/.;/ :"/...;7 (,.>-) (:"78-.7/) (:>>.<8) ,,">>8.7 , ,:".>.. <. ."887.. (:"7;8. 88) (:>>.<8 ) ,;"-/8. /; I in Crores Share Capital 4eser ve Cash Subsid ' 4eser ve Debenture 4ede$ption 4eserve Feneral 4eserve Securitie s %re$iu $ (ccount Options Out standin# (ccount M ;.<> 8.:< Surplus as per State$ent of %rofit and &oss :"<>7..:";;/.,(:",:>..8) (:.;.>:) ,8"7-:. 88 ;"/<<.8 < (:"::>. .8) (:.;.>: ) ,:".>.. <. Total Total

Openin# 6alance (dditions durin# the 'ear Deductions durin# the 'ear %roposed dividend (includin# Corporate Dividend Ta0) Closin# 6alance (s at =arch 7," :8,: %articulars

:..7:

8.,8

,:;.77>.,, (:>.<.)

-".>8.7, :"788.88

;.,: ,8.8.N

:..7:

8.,8

,77.<.

,;.,<

7.,/

:"-87.>7

Openin# 6alance (dditions durin# the 'ear Deductions durin# the 'ear %roposed dividend (includin# Corporate Dividend Ta0) Closin# 6alance

:..7:

8.,8

,-..>:>..8 (,88.88)

<"7>8.7, :":88.88

:.8, :.,,
N

:..7:

8.,8

,:;.7-

-".>8.7,

;.,:

..8.

:">;/.;/

N On account of E$plo'ees StocB Options e0ercised durin# the 'ear. M Net of Deferred E$plo'ees Co$pensation E0penses I 8.;< Crore (%revious 9ear I 8.<8 Crore). Note 7., The 6oard of Directors has reco$$ended a dividend of I - per share for the 'ear ended =arch 7," :8,7 (%revious 'ear I > per share). Total Cash outflows on account of dividend I :;/.</ Crores (%revious 9ear I :,-.:. Crores) and on account of Corporate Dividend Ta0 I ;,.-; Crores (%revious 9ear I 7...< Crores).

>/
Limited

UltraTech Cement

Annual Report 2012-2013

NOTES (Contd.)

NOT E; &ONF TE4= 6O44O5+NFS %articulars I in Crores =aturit' of 6orrowin#sN (s at =arch 7," :8,: ,,..88 7,.:<

&on# Ter$ (s at =arch 7," :8,7 (s at =arch 7," :8,: .:7./7 -::..< ;.8.88 ,"7<:.. < ,<.-8 ,"-,;., 8 ,"78>.8 -

Current &on# Ter$ (s at =arch 7," :8,7 7:;.-8 ,>7.<;

Secured) Non Convertible Debentures Note (a) Ter$ &oans fro$ 6anBs) +n 2orei#n Currenc' Note (b) +n &ocal Currenc' Note (c)

;.8.88 >.8.,, ;.8.88 ,"788., , :,.,; ,"<<,.: .

,>7.<;

7,.:<

Sales Ta0 Defer$ent &oan Note (d)

.8>./;

,;/.:<

3nsecured) Ter$ &oans fro$ 6anBs) +n 2orei#n Currenc' Note (b) Sales Ta0 Defer$ent &oan Note (d) ,"<<,.7 7;>.,,77.//

7.,.:> :",::./ < 7">-7.:

;:/.88 ,"<7;.8 7"/;>., -

>-.87

/:.>7

;7<.:: -;..>/

,-/.;7;:.</

Total

N ($ount disclosed under the head GOther Current &iabilitiesH (Note ,8) %articulars (s at =arch 7," :8,7 Convertible Debentures (NCDs) (i ) 2i0ed 4ate NCDs >.8,J NCDs (4edee$able at par on ?ul' ,;" :8,/" %ut and Call Option to both parties on ?ul' ,;" :8,;) >.>8J NCDs (4edee$able at par on Dece$ber 78" :8,." %ut and Call Option to both parties on Dece$ber 78" :8,7) ,8.;>J NCDs (4edee$able at par on Dece$ber ,/" :8,7) /./.J NCDs (4edee$able at par on (pril 78" :8,7) -.,.J NCDs (4edee$able at par on (u#ust :>" :8,<) -.7.J Step up interest NCDs (4edee$able at par on Septe$ber ,/" :8,:) (s at =arch 7," :8,:

(a) Non

:88.88

:88.88

,88.88

,88.88

:88.88 ..88 :.8.88

:88.88 ..88 :..88

>.:.J NCDs (4edee$able at par on Septe$ber :" :8,:) >.78J NCDs (4edee$able at par on Septe$ber :" :8,:) (i i) Discounted Value NCDs Oero coupon NCDs" 'ield to $aturit' of /.>8 J (2ace Value I :8 crores" %revious 9ear I :8 crores" 4edee$able at par on (pril 78" :8,7)

/..88 :..88

,-.-8

,>./7

<<;.-8 /7>./7 &ess) Current %ortion of NCDs shown under Other Current &iabilities (7:;.-8) (,,..88) Total ;.8.88 .:7./7 The Co$pan' retains the option to purchase the NCDs in the secondar' $arBet" and cancel" hold" or reissue the sa$e at such price and on such ter$s as the Co$pan' $a' dee$ fit or as per$itted under the &aw. NCDs repurchased have not been Bept alive for reissuance as at =arch 7," :8,7. The NCDs are secured b' wa' of first char#e" havin# pari passu ri#hts" on the Co$pan'!s $ovable and i$$ovable assets (save and e0cept stocBs and booB debts)" both present and future" situated at certain locations" in favour of Debenture Trustees.
UltraTech Cement Limited

><

NOTES (Contd.)

Annual Report 2012-2013

I in Crores %articulars 4epa'$ent Schedule (b) Ter$ &oans fro$ 6anBs in 2orei#n Currenc' Secured) Con#Bon# E Shan#hai 6anBin# Corporation &td." Sin#apore (?apanese 9en ,7-.,< CroresP %revious 9ear) :8>.>8 Crores) D6S 6anB &td." Sin#apore (?apanese 9en ,>;.>8 Crores) CS6C 6anB (=auritius) &td." =auritius (3S Dollar 8.<> Crores) Credit (#ricole Corporate E +nvest$ent 6anB" Sin#apore (?apanese 9en ,</./8 Crores) Cooperative Central 4aiffeisen 6oerenleenbanB 6.(. (Tradin# as 4abo +nternational" Sin#apore" ?apanese 9en :<8.88 Crores) 6N% %aribas" Sin#apore (?apanese 9en ,78.88 Crores) D6S 6anB &td." Sin#apore (?apanese 9en :;8.88 Crores) CS6C 6anB (=auritius) &td." =auritius (3SD ..88 Crores) ? % =or#an" Sin#apore (3S Dollar : CroresP %revious 9ear) Nil) +n 7 e1ual annual install$ents be#innin# Septe$ber :8,: ?anuar' :8,; October :8,/ Dece$ber :8,/ /:..7 -7.>: (s at =arch 7," :8,7 (s at =arch 7," :8,:

->.;8 7>.,,,7..:

->.;8 7>.,,,7..:

+n 7 e1ual annual install$ents be#innin# =arch :8,; =arch :8,< =arch :8,< =a' :8,/ Dece$ber :8,.

,/:.,/

,/:.,/

<>..7 ,;..:: ::;.88 ,,,.78 ,"877.> .

<>..7 ,;..:: ::;.88

-.7.>; (7,.:<)

&ess) Current %ortion of 2orei#n Currenc' &oans shown under Other Current &iabilities Total

(,>7.<;)

>.8.,,

-::..<

The forei#n currenc' loans are secured b' wa' of first char#e" havin# pari passu ri#hts" on the Co$pan'!s $ovable and i$$ovable assets (save and e0cept stocBs and booB debts)" both present and future" situated at certain locations" in favour of Co$pan'!s lendersA trustees.

>>
Limited

UltraTech Cement

Annual Report 2012-2013

NOTES (Contd.)

I in Crores %articulars 4epa'$ent Schedule ( b ) (s at =arch 7," :8,7 (s at =arch 7," :8,:

Ter$ &oans fro$ 6anBs in 2orei#n Currenc' 3nsecured) =iDuho Corporate 6anB" Sin#apore (?apanese 9en 7/<.88 Crores) Su$ito$o =itsui 6anBin# Corporation and 6anB of Nova Scotia" Sin#apore (?apanese 9en ;>..;. Crores) =iDuho Corporate 6anB" Sin#apore (?apanese 9en ,-,.>8 Crores) =iDuho Corporate 6anB" Sin#apore (3S Dollar ..88 Crores) =iDuho Corporate 6anB" Sin#apore (3S Dollar <..8 Crores) Su$ito$o =itsui 6anBin# Corporation" Sin#apore (3S Dollars <..8 Crores) Su$ito$o =itsui 6anBin# Corporation" Sin#apore (3S Dollar <.. CroresP %revious 9ear) Nil) =iDuho Corporate 6anB" Sin#apore (3S Dollar . CroresP %revious 9ear) Nil) &ess) Current %ortion of 2orei#n Currenc' &oans shown under Other Current &iabilities Total

=arch :8,/ Dece$ber :8,7 Dece$ber :8,7 =a' :8,/ October :8,/ 7 e1ual annual install$ents be#innin# Nove$ber :8,. 7 e1ual annual install$ents be#innin# October :8,/ Dece$ber :8,<

,::.;> :;..>; ,8:.7. ::;.88 7/-.,. 7//.<. ;,..</ :<7.:. :",,-.. > (7;>.,-) ,"<<,.7 -

,77.// :;..>; ,8:.7. ::;.88 7/-.,. 7//.<.

,";;,.< . (,77.//) ,"78>.8 -

( c )

Ter$ &oans fro$ 6anBs in &ocal Currenc' Secured) (0is 6anB &td. ?anuar' :8,< :88.88 :88.88 CD2C 6anB &td. +n 7 annual install$ents :.8.88 :.8.88 be#innin# Dece$ber :8,. (78J)" Dece$ber :8,/ (78J) and Dece$ber :8,< (;8J) Total ;.8.88 ;.8.88 4upee Ter$ loans fro$ banBs are secured b' wa' of first char#e" havin# pari passu ri#hts" on $ovable and i$$ovable assets (save and e0cept stocBs and booB debts)" both present and future" situated at one of the Co$pan'!s location.

(d) Sales Ta0 Defer$ent &oan) Secured)

Varied annual pa'$ents fro$

:,.,;

,<.-8

Depart$ent of +ndustries E Co$$erce" Car'ana ?anuar' :8,. to =arch :8,> Sales Ta0 Defer$ent &oan is secured b' banB #uarantee bacBed b' h'pothecation of +nventories and booB debts of the Co$pan'. 3nsecured)

Co$$ercial Ta0 Depart$ent" Chattis#arh Co$$ercial Ta0 Depart$ent" Vellore S+CO= &i$ited" =u$bai Co$$ercial Ta0 Depart$ent" Fandhina#ar Co$$ercial Ta0 Depart$ent" C'derabad

Co$$ercial Ta0 Depart$ent" Chattis#arh Total &ess) Current %ortion of Sales ta0 defer$ent loan shown under Other Current &iabilities Total

Varied annual pa'$ents fro$ (pril :8,: to (pril :8,/ Varied $onthl' pa'$ents fro$ =arch :8,7 to 2ebruar' :8,; Varied annual pa'$ents in (pril :8,: and (pril :8,7 Varied annual pa'$ents in (pril :8,7 and =a' :8,; Varied annual pa'$ents fro$ October :8,: to October :8:/ %a'able in 29,;

<;.-;..<7 8.-/ ,.,; 7,<.7> 8.,, ;;8.7, (>-.87) 7.,.:>

>,.,; >:./< -..: ,.<, 7,7./> 8.,, ;>>.>7 (/:.>7) ;:/.88

UltraTech Cement Limited

>-

NOTES (Contd.)

Annual Report 2012-2013

NOTE . DE2E44ED T(* &+(6+&+T+ES (Net) %articulars Deferred Ta0 ((ssets) A &iabilitie s as at (pril 8," :8,: Deferred Ta0 (ssets) %rovision allowed under ta0 on pa'$ent basis (,;..:7) (,;..:7) Deferred Ta0 &iabilities) (ccu$ulated Depreciation (::.;;) (::.;;) I in Crores Deferred Ta0 ((sstes) A &iabilitie s as at =arch 7," :8,7 (,/<./<) (,/<./<)

Current 9ear Char#e

,">>7.88

,-8..-

:"8<7..-

:"8<7..,">>7.88 ,-8..Net Deferred Ta0 &iabilit' ,"<7<.<< ,/>.,. ,"-8..-: Deferred Ta0 benefits are reco#nised on assets to the e0tent that it is $ore liBel' than not" future ta0able profit will be available a#ainst which the asset can be utilised. Note ..,) Current 'ear char#e durin# the 'ear includes I >/./7 crores on account of increase in rate of surchar#e on +nco$e ta0 as proposed in 2inance 6ill :8,7. NOTE / OTCE4 &ONF TE4= &+(6+&+T+ES %articulars

(s at =arch 7," :8,7 ,.>,

Trade %a'ables (other than =icro" S$all E =ediu$ EnterprisesP refer Note -.,) NOTE < %4OV+S+ONS %articulars &on# Ter$ (s at (s at =arch 7," :8,7 ,:>.7. ../< =arch 7," :8,: ,,;.<8 ..><

(s at =arch 7," :8,: :.;8

Short (s at =arch 7," :8,7 ,<./; :./; ,<:..; ;.7.// :;/.</ ;,.-; -7..,>

Ter $ (s at =arch 7," :8,: ,7.<7..8 ,<:..; :....: :,-.:. 7...< <88.,<

2or E$plo'ee 6enefits 2or =ines 4estoration E0penditure 2or Cost of (ssets transferred 2or Ta0 (net of (dvance Ta0) 2or %roposed Dividend 2or Corporate Dividend Ta0

,7;.8:

,:8..<

Note <.,) =ove$ent of provisions durin# the 'ear as re1uired b' (ccountin# Standard :- G%rovisions" Contin#ent &iabilities and Contin#ent (ssetH notified under the Co$panies ((ccountin# Standard) 4ules" :88/ (as a$ended))

(a) =ines 4estoration E0penditure)

Openin# 6alance (dd) %rovision durin# the 'ear &ess) 3tilisation durin# the 'ear Closin# 6alance

-.7< :.,8 (7.,/) >.7,

-.7> :.,< (:.,>) -.7<

-8
Limited

UltraTech Cement

Annual Report 2012-2013

NOTES (Contd.)

I in Crores (s at =arch 7," :8,7 (b) %rovision for Cost of Transfer of (ssets) Openin# 6alance (dd) %rovision durin# the 'ear &ess) 3tilisation durin# the 'ear Closin# 6alance NOTE > SCO4T TE4= 6O44O5+NFS Secured) &oans repa'able on de$and) 2ro$ 6anBs Cash Credits A 5orBin# Capital 6orrowin#s (Secured b' C'pothecation of StocBs and 6ooB Debts of the Co$pan') 3nsecured) 2ro$ 6anBs 2ro$ Others ,>7.7/ -.7, ,-:./< ./>.</ NOTE T4(DE %(9(6&ES Due to =icro" S$all E =ediu$ Enterprises (To the e0tent identified with available infor$ation) Due to Others 8..: 8.,, :"87-.7 > :"87-.; .:.,> -.<< /,.-. ,/,.-: 7</.8--.-< ,<:..; (:,.>7) ,<:..; ,<:..; ,-;.7< (s at =arch 7," :8,:

:",-:.-, :",-7.;7

Note -., There is no principal a$ount and interest overdue to =icro" S$all and =ediu$ Enterprises. Durin# the 'ear no interest has been paid to such parties. This infor$ation has been deter$ined to the e0tent such parties have been identified on the basis of infor$ation available with the Co$pan' and the sa$e has been relied upon b' the auditors. NOTE ,8 OTCE4 C344ENT &+(6+&+T+ES

Current $aturities of lon# ter$ debt (4efer Note ;) +nterest (ccrued but not due on 6orrowin#s +nvestor Education and %rotection fund" will be credited with followin# a$ounts (as and when due) 3npaid Dividends &iabilit' for Capital Foods Others (includin# Securit' and other Deposits" (dvances fro$ Custo$ers" etc.)

-;..>/ <-.7-

7;:.</ /:.,:

7.-, ,-7.;> ,"7,>.:/ :".;8.-8

:.-7 7<.8, ,":78.8; ,"/<;.>/

UltraTech Cement Limited

-,

NOTES (Contd.)

Annual Report 2012-2013

NOTE ,, 2+*ED (SSETS

Office E1uip$ent %articulars 2urniture and 2i0tures ?ett' Vehicles ( ( Total Tan#ible (ssets ( Tan#ible (ssets 6 +ntan#ible (ssets

&and)

Software

2reehold &and =inin# 4i#hts &easehold &and Total +ntan#ible (ssets 6uildin#s Total ((Q6) 4ailwa' Sidin#s %lant and E1uip$ent Own Fiven ( on &ease ( Depreciation and ($ortisation for the 'ear Office E1uip$ent (dd) Obsolescence 2urniture and 2i0tures &ess) Depreciation transferred to %re operative E0penses Depreciation as per State$ent of %rofit and ?ett' &oss ( Vehicles 6 ,. 2i0ed (ssets include assets costin# I :<-.,: Crores (%revious 9ear I :.<.7/ Crores) not owned b' the Co$pan'. ( 6 Total Tan#ible :.(ssets 6uildin#s include I ,/.8< Crores (%revious 'ear I ,/.8< Crores) bein# cost of Debentures of and Shares in a co$pan' and use of certain +ntan#ible (ssets pre$ises.

F Software =inin# 4i#hts T Total +ntan#ible (ssets

3. 4. 5.

C Total ((Q6)

%articulars

( (

Tan#ible (ssets

&and 2reehold &and &easehold &and 6uildin#s 4ailwa' Sidin#s %lant and E1uip$ent Own Fiven on &ease

%re operative e0penses pendin# allocation)

%ower and 2uel Consu$ed Salar'" 5a#es" 6onus" E0 #ratia and %rovisions +nsurance E0chan#e (Fain) A &oss Depreciation 2inance Costs =iscellaneous e0penses Total %re operative e0penses &ess) Sale of %roducts A Other +nco$e (dd) 6rou#ht forward fro$ %revious 9ear &ess) Capitalised A Char#ed durin# the 9ear 6alance included in Capital 5orB in %ro#ress

-:
UltraTe ch Cement Limited

Annual Report 2012-2013

NOTES (Contd.)

NOTE ,: NON C344ENT +NVEST=ENTS (Valued at cost" unless stated otherwise) %articulars I in Crores (s at =arch 7," :8,:

(s at =arch 7," :8,7

Ruoted Other +nvest$ents) (&on# ter$) 2ace value of I ,888 each


National Ci#hwa's (uthorit' of +ndia Ta0 2ree -.>..<8 ,8.>< .8.88 -.>..<8 ,8.>< .8.88

6ond Series , >.:8J :8:: (No. of 6onds ->">-.)


%ower 2inance Corporation &i$ited Ta0 2ree

6ond Series , >.:8J :8:: (No. of 6onds ./"-.>)


+ndian 4ailwa' 2inance Corporation &i$ited Ta0 2ree

6ond Series >8 ( >.,8J :8:< (No. of 6onds ,8>"<.;)


Cousin# and 3rban Develop$ent Corporation &i$ited

Ta0 2ree 6ond Series : >.:8J :8:< (No. of 6onds .88"88) </.;/ 3n1uoted) Trade +nvest$ents E1uit' +nstru$ents) Subsidiaries)
.8"888 E1uit' Shares of I ,8 each full' paid in DaBshin 8.8. :7.87 ,.:, :7.87

</.;/

Ce$ents &i$ited (%revious 9ear .8"888)


;8"888"888 E1uit' Shares of Sri &anBan 4upee ,8 each

full' paid in 3ltraTech Ce$ent &anBa (%rivate) &i$ited (%revious 9ear ;8"888"888)
,/":/<"-// E1uit' Shares of 3(E Dirha$ ,8 each :8;.78 :8;.78

full' paid in 3ltraTech Ce$ent =iddle East +nvest$ents &i$ited (%revious 9ear ,/":/<"-//)
<,:".88 E1uit' Shares of 4p. >"-:7 each full' paid in 7.;, ,/8.88 8.,8 8.,8 7.;,

%T 3ltraTech =inin# +ndonesia (%revious 9ear <,:".88)


:8"88"888 E1uit' Shares of I ,8 each full' paid in Fotan

&i$estone Shani@ 3d'o# %rivate &td. (%revious 9ear Nil)


.8"888 E1uit' Shares of I ,8 each full' paid in

Carish Ce$ent &i$ited (%revious 9ear .8"888) 7-8.>?oint Ventures)


,",.:"./8 E1uit' Shares of I ,8 each full' paid in ,.,. ,.,7

:7:.8.

=adanpur (North) Coal Co$pan' (%) &i$ited (%revious 9ear ,",7:"./8)


>",;,"8.8 E1uit' Shares of I ,8 each full' paid in >.,; >.,;

6hasBarpara Coal Co$pan' &i$ited (%revious 9ear >",;,"8.8) -.:;88.,> Other +nvest$ents E1uit' +nstru$ents)
.8"888 E1uit' Shares of I ,8 each full' paid in 8.8. 8.8> 8.8.

-.:< :;,.7:

(dit'a 6irla %orts &td. (%revious 9ear .8"888)


<."888 E1uit' Shares of I ,8 each full' paid in

4a@ =ahal Coal =inin# &i$ited" (%revious 9ear Nil)

%reference Shares)
:"888"888 ;..J Cu$ulative Non Convertible 4edee$able :8.88 :8.88

%reference Shares of I ,88 each full' paid in (dit'a 6irla Cealth Services &i$ited (%revious 9ear :"888"888) Fovern$ent or trust securities)
I 7:"888 (%revious 9ear I ;:"888)

%led#ed as Securit' Deposit


Debt Sche$es of Various =utual 2unds

No. of units ,";<."-;;"88.P (%revious 9ear >87"---">:<) (##re#ate 6ooB Value of) Ruoted +nvest$ents 3n1uoted +nvest$ents

,";>..88 ,"->,.<< </.;/ ,"-8..7, ,"->,.< < >8.7.

>,8.88 ,",;<.> 7 </.;/ ,"8<,.7 < ,",;<.> 7 <..8:

(##re#ate =arBet Value of Ruoted +nvest$ents

UltraTech Cement Limited

-7

NOTES (Contd.)

Annual Report 2012-2013

NOTE ,7 &O(NS (ND (DV(NCES %articulars &on# Ter$ (s at =arch 7," :8,7 Secured" Considered #ood) &oan a#ainst Couse %ropert' (Secured b' wa' of title deeds) 8.8/ 8.8. 8.8, 8.8, (s at =arch 7," :8,: Short (s at =arch 7," :8,7 I in Crores Ter $ (s at =arch 7," :8,:

8.8/ 3nsecured Considered #ood) Capital (dvances Securit' Deposits 6alance with Fovern$ent (uthorities (dvances recoverable in cash or in Bind or for value to be received (dvance Ta0 (net of %rovisions) &oans and advances to related parties (4efer Note 7>) <><.7;..>, ,7>.:,,./:

8.8.

8.8,

8.8,

,":/<.8 7 .8.;,7;..,8.,/ ,/<./> 7:;.;< ;>>.7. :/..< ,//.87 ,7>.,. :;;.<: .,..;. ,,..;/ ,;-.<-

->7.,, Considered doubtful) (dvances recoverable in cash or in Bind or for value to be received &ess) %rovision for Doubtful (dvances ->7.,< Note ,7., Disclosure as per clause 7: of the listin# a#ree$ent) (a) &oans and (dvances #iven to Subsidiaries Na$e of the Subsidiar' Co$panies ($ount Outstandin#

,";/:.: <

,",<7., 8

,",/7..<

8.:. (8.:.) ,",<7., ,

8.:. (8.:.) ,",/7..>

,";/:.7 :

=ini$u$ 6alance Outstandin# the durin# 'ear

+nvest$ent Subsidiar'

b' in

Shares of the Co$pan' (no. of Shares)

(s at =arch 7," :8,7 DaBshin Ce$ents &i$ited Carish Ce$ent &i$ited Fotan &i$estone Shani@ ,;-.<> ,:.7;

(s at =arch" 7, :8,: 8.7< ,;<..: =arch 7," :8,7 8.7< ,;-.<> ,:.7; =arch" 7, :8,: 8.7< ,;<..: =arch 7," =arch" 7, :8, :8,7 :

3d'o# %rivate &i$ited %T 3ltraTech =inin# +ndonesia

,.7.

8.87

,.7<

8.87

(2)

%a'$ents $ade to e$plo'ees b' wa' of &oans and (dvances in the nature of loan where no interest is char#ed or char#ed at a rate less than the rate prescribed in Section 7<:( of the Co$panies (ct" ,-./. (s at =arch 7," :8,7 :8.8; :/..(s at =arch 7," :8,: ,<.78 :8.,/
UltraTech Cement

Outstandin# balance =a0i$u$ balance outstandin# durin# the 'ear

-;
Limited

Annual Report 2012-2013

NOTES (Contd.)

I in Crores %articulars (s at =arch 7," :8,7 (s at =arch 7," :8,:

NOTE ,; C344ENT +NVEST=ENTS OTCE4S ((t lower of cost and fair value) Ruoted) +nvest$ent in Fovern$ent Securities >.<-J FO+ (Fovern$ent of +ndia) :8:,P 3n1uoted) 3nits of Debt Sche$es of Various =utual 2unds KNo. of 3nits :":/:"-/>"8<:P (%revious 'ear :".,>";--";;:)L 7",:/.-.

,..:, :"/:..< 7

7",:/.-. (##re#ate 6ooB Value of) Ruoted +nvest$ents 3n1uoted +nvest$ents 7",:/.-. 7",:/.. (##re#ate =arBet Value of Ruoted +nvest$ents Note ,;.,) Current +nvest$ents include current portion of &on# ter$ invest$ents as per (ccountin# Standard ,7 G(ccountin# for +nvest$entsH notified under the Co$panies ((ccountin# Standard) 4ules :88/ (as a$ended) NOTE ,. +NVENTO4+ES) (Valued at lower of Cost and net realisable value" unless otherwise stated) 4aw =aterials Kincludes in transit I ,;.;/ Crs" (%revious 'ear I :>.;7 Crs)L 5orB in pro#ress 2inished Foods Kincludes in transit I 7>.;. Crs" (%revious 'ear I 7,.87 Crs)L Stores E Spares Kincludes in transit I ..-7 Crs" (%revious 'ear I ;../ Crs)L 2uel Kincludes in transit I 7-.-8 Crs" (%revious 'ear I <..8/ Crs)L %acBin# =aterials Scrap (valued at net realisable value) ,":/..88

:"/;8.; ,..:, :"/:..< 7 :"/;8.; ,..:, :";,8.8 ,

:/,.7; ;.,.:, 7,7... >::.87 ;...:, 7-.<7 <.;8 :"7.8.;<

:;7./> ;8<.;. :::.;< <88.8< ;:..-< :-.>< /.;7 :"87..;

NOTE ,/ T4(DE 4ECE+V(6&ES Outstandin# for a period e0ceedin# si0 $onths fro$ the date the' are due for pa'$ent

Secured" Considered #ood 3nsecured" Considered #ood Doubtful

8.;< :7./: ,.;. :...; ,.;. :;.8-

8.:; ,/.>. ,.;/ ,>... ,.;/ ,<.8,,/../ /7:.7, --7.,. ,"8,<.:; <;>.>< </..-/

&ess) %rovision for doubtful receivables

Others) Secured" Considered #ood 3nsecured" Considered #ood

,<..->,<.,/

UltraTech Cement Limited

-.

NOTES (Contd.)

Annual Report 2012-2013

I in Crores %articulars (s at =arch 7," :8,7 NOTE ,< C(SC (ND 6(NS 6(&(NCES Cash and Cash E1uivalents Cash on hand Che1ues on hand 6alance with banBs (Current (ccount) Other 6anB 6alances Ear$arBed 6alance with 6anB for 3npaid Dividends 2i0ed Deposits with 6anBsN =aturit' $ore than 7 $onths but less than ,: $onths =aturit' $ore than ,: $onths 8.>/ 8.8. 8.-, ,;:.// N I 8.-, Crore lod#ed as Securit' with Fovern$ent depart$ents. (%revious 9ear I ,.<, Crores) NOTE ,> OTCE4 C344ENT (SSETS) ,,./. 8.8/ ,,.<, ,>-..> 7.-8 :.-: 8../ >,.8, ./.:> ,7<.>. 8..: 7-.<< ,7;.// ,<;.-. (s at =arch 7," :8,:

(ssets held for Disposal Others (includin# +nsurance Clai$ receivable" (ccrued +nterest" etc.)

8.8. ../, ..//

8.,. >.8> >.:7

%articulars

9ear ended =arch 7," :8,7

9ear ended =arch 7," :8,:

NOTE ,S(&E O2 %4OD3CTS (ND SE4V+CES (F4OSS) Sale of %roducts Sale of Services ::"/<<./; ::.7: ::"/--.-/ NOTE :8 OTCE4 O%E4(T+NF 4EVEN3ES Scrap Sales &ease 4ent .,.;, 8... ;-.;: 8... :8";8:.-> ::.8, :8";:;.--

+nsurance Clai$ %rovision no lon#er re1uired 3nclai$ed Credit 6alances written bacB =iscellaneous +nco$e A 4eceipts

,..7. ,:.7: ,8.,/ /<.:, ,.<.88

:.:7 7:.>>./: .<.>/ ,.,..<


UltraTech Cement

-/
Limited

Annual Report 2012-2013

NOTES (Contd.)

I in Crores %articulars 9ear ended =arch 7," :8,7 9ear ended =arch 7," :8,:

NOTE :, OTCE4 +NCO=E +nterest +nco$e on Fovern$ent and Other Securities 6anB and Other (ccounts Dividend +nco$e on Current +nvest$ents =utual 2und &on# Ter$ +nvest$ent 2ro$ a Subsidiar' Co$pan' %rofit on Sale of 2i0ed (ssets (net) %rofit on sale of Current +nvest$ents (net) Others NOTE :: COST O2 4(5 =(TE4+(&S CONS3=ED Openin# StocB %urchase and +ncidental E0penses &ess) Closin# StocB Note ::.,) Details of 4aw =aterials Consu$ed &i$estone 2l' (sh F'psu$ (##re#ates Sand Others NOTE :7 %34CC(SES O2 STOCS +N T4(DE Fre' Ce$ent Others

-.<,...:..7> :/.:7 ..87 7,.:/ 8.78 :;..8: 7.8; 78..88

8... >.;< -.8: 7,.;< <.:7>.</ 8.;; :;-.>7 <7.>: 7<,.><

:;7./> :">8-.<> 7"8.7.;/ :/,.7; :"<-:.,: /-8.87-,.:, :.../> 7,:..: :;8.<. -8,.>< :"<-:.,:

,>-..: :";7,.>/ :"/:,.7> :;7./> :"7<<.<8 .7/.:. 77:./:;8.>/ :>>.-. :,:.7. <//./8 :"7<<.<8

-/.-/ ,7>.<. :7..<,

<7.>< ,87.;: ,<<.:-

NOTE :; CC(NFES +N +NVENTO4+ES O2 2+N+SCED FOODS" 5O4S +N %4OF4ESS (ND STOCS +N T4(DE Closin# +nventories

5orB in pro#ress 2inished Foods Openin# +nventories 5orB in pro#ress 2inished Foods (dd) Decrease A (+ncrease) in +nventories (dd) Decrease A (+ncrease) in E0cise Dut' on +nventories

;.,.:, 7,7... </;.</ ;8<.;. :::.;< /:-.-: (,7;.>;) ,/./. (,,>.,-)

;8<.;. :::.;< /:-.-: ;::.// ::<../.8.:. :8.77 8.-7 :,.:/

UltraTech Cement Limited

-<

NOTES (Contd.)

Annual Report 2012-2013

I in Crores %articulars 9ear ended =arch 7," :8,7 NOTE :. E=%&O9EE 6ENE2+TS E*%ENSE Salaries" 5a#es and 6onus Contribution to %rovident and Other 2unds E0penses on E$plo'ees StocB Options Sche$e Staff 5elfare E0penses 9ear ended =arch 7," :8,:

>:..7, <7... 8.7/ /-.,7 -/>.7.

<,8.>: /,..; 8.>7 .<.>. >7,.8;

NOTE :/ 24E+FCT (ND 2O45(4D+NF E*%ENSE On 2inished %roducts On ClinBer Transfer

7"<><.;, ;7/..> ;"::7.--

7"777.,7 ;8/./> 7"<7-.>,

NOTE :< OTCE4 E*%ENSES Consu$ption of Stores" Spare %arts and Co$ponents Consu$ption of %acBin# =aterials 4epairs to %lant and =achiner' 4epairs to 6uildin#s 4epairs Others +nsurance 4ent (includin# &ease 4ent) 4ates and Ta0es Directors! 2ees Directors! co$$ission (dvertise$ent Discount" Sales %ro$otion and Other Sellin# E0penses E0chan#e &oss (net) =iscellaneous E0penses

.<-.7< .-<.;8 :,..8> ;..,7 >..87 7...< >8.-> ,,>..< 8.,: 78.88 ,7-.88 <-:.;7 8..;:;.:/ 7",;7..7

.8-.,, .7/.7: ,>..87/.88 />.:7 :<.;7 />.<7 ,8..87 8.,7 :..88 ,:<.<, />8.87.<7<<.>, :"<.8.;<

NOTE :> 2+N(NCE COSTS +nterest E0pense) On 6orrowin#s Others Other 6orrowin# Cost &ess) 2inance Costs Capitalised NOTE :DE%4EC+(T+ON (ND (=O4T+S(T+ON E*%ENSE Depreciation Obsolescence

:</..; .7.;/ 778.88 ,/.>, (,7<.,8) :8-.<,

:,:.>> ;>.>. :/,.<7 ,>.<: (./..-) ::7.>/

-77.-: ,,.;. -;..7<

>>/./,..>< -8:../

->

UltraTech Cement Limited

Annual Report 2012-2013

NOTES (Contd.)

Note 78 (a) Contin#ent &iabilities not provided for in respect of) I in Crores Clai$s not acBnowled#ed as debts in respect of $atters in appeals ( a ) (s at =arch 7," :8,7 ,7-.>8 7<;.7< :,-.78 :.8. ::-.7. (s at =arch 7," :8,: ,7:.>7 :>:.>; :88.;: :.>: ,-7./;

Sales ta0 &iabilit'

(b) E0cise Dut' and Service Ta0 =atters (c) 4o'alt' on &i$estoneA =arl ( d ) Custo$s ( e ) Others

Cash outflows for the above are deter$inable onl' on receipt of @ud#$ents pendin# at various foru$s A authorities. Note 78 (b) The Co$petition Co$$ission of +ndia (CC+) has vide its Order dated ?une :8" :8,:" upheld the co$plaint of the 6uilders! (ssociation of +ndia alle#in# cartelisation a#ainst certain ce$ent $anufacturin# co$panies includin# the Co$pan'. The CC+ has i$posed a penalt' of I ,",<..;- crores on the Co$pan'. The Co$pan' has filed an appeal a#ainst the Order before the Co$petition (ppellate Tribunal (CO=%(T)" the outco$e of which is awaited. The CO=%(T has directed that no coercive action be taBen in the $atter a#ainst the Co$pan'. Note 78 (c) The Co$pan' has issued corporate #uarantees in favour of 6anBers A &enders A Fovern$ent (uthorities for its Subsidiaries and ?oint VenturesP details of which are #iven below)

(1) (2) (3)

=adanpur (North) Coal Co$pan' %vt. &i$ited (?V) I 7./. Crores (%revious 'ear I 7./. Crores). 6hasBarpara Coal Co$pan' &i$ited (?V) I ;.88 Crores (%revious 'ear I ;.88 Crores). 3ltraTech Ce$ent =iddle East +nvest$ent &i$ited and its subsidiaries 3ST ;;<.,, =n (I :";:<.,; Crs)" K%revious 'ear 3ST ;;8.,; =n (I :":7-.:, Crores)L.

Note 7, Capital and other Co$$it$ents) Esti$ated a$ount of contracts re$ainin# to be e0ecuted on capital account" not provided for (net of advances) I ,"/7;.// Crores" (%revious 9ear I :">77.:< Crores). Note 7: The =inistr' of Te0tiles" vide its orders dated ?une 78" ,--< and ?ul' ," ,--- has deleted ce$ent fro$ the list of co$$odities to be pacBed in ?ute ba#s under the ?ute %acBa#in# (Co$pulsor' 3se in %acBin# Co$$odities) (ct ,-><. +n view of this" the Co$pan' does not e0pect an' liabilit' for non dispatch of ce$ent in ?ute ba#s in respect of earlier 'ears. Note 77 The Co$pan' has a coal blocB" allocated @ointl' with Electrother$ (+ndia) &i$ited (@oint venture partner)" in 6hasBarpara" Chattis#arh. Durin# the 'ear" the =inistr' of Coal" Fovern$ent of +ndia issued an order for de allocation of the coal blocB. The Co$pan' has filed a writ petition a#ainst the order and has obtained a sta'.

Note 7; The Co$pan' has entered into a Share %urchase (#ree$ent with the shareholders of Fotan &i$estone Shani@ 3d'o# %vt. &td (FS3) and has ac1uired FS3!s entire e1uit' staBe. Conse1uentl'" FS3 has beco$e a wholl' owned subsidiar' of the Co$pan' with effect fro$ ?ul' :7" :8,:.
UltraTech Cement Limited

--

NOTES (Contd.)

Annual Report 2012-2013

Note 7. Derivative +nstru$ents outstandin#) ( ( ) Derivatives for hed#in# currenc' and interest rates" outstandin# are as under) %articulars %urpose Currenc' (s at =arch 7," :8,7 a . 2orward Contracts E0ports +$ports 6u'ers Credit Others +$ports +$ports 3SD 3SD 3SD 3SD Euro Euro (s at =arch 7," :8,: 8.:8 :.,. ,.,< 8.>8 8.7; I in Crores Cross Currenc '

7.78 7.7. ,.-< 8.:: 8.>>

4upees 4upees 4upees 4upees 3SD 4upees

b .

Other Derivatives) (i) Currenc' Option (ii) Currenc' E +nterest 4ate Swap (C+4S)

+$ports EC6N EC6N

3SD 3SD ?%9

8.,. ;8.:> ,"--<.>/

:..<> :":.;.;-

4upees 4upees 4upees

NEC6 E0ternal Co$$ercial 6orrowin#s

(2)

Derivatives for hed#in# South (frican Coal price risB (fro$ floatin# price to fi0ed price)" outstandin# as on =arch 7," :8,7 are as under)

1`
%articulars %urpos e Ruantit' Ced#ed (= T) Currenc' (s at =arch 7," :8,7

in Crores 9ear Ended =arch 7," :8,: 8.;/

South (frican Coal 2i0ed %rice Swaps

Ced#in # floatin# price risB

Nil (%revious 9ea r ;."8 88)

3SD

( C )

3n hed#ed 2orei#n Currenc' E0posure) Nil

Note 7/ E$plo'ee 6enefits) (() Defined 6enefit %lans as per (ctuarial Valuation) I in Crores (s at =arch 7," :8,: Fratuit' (2unded) %ension %ost 4etire $ent =edic al

%articulars

(s at =arch 7," :8,7 %ensi Fratuit' on %ost (2unded ) 4etire $ent =edical

6enefits ( i ) Chan#e in defined benefit obli#ation Openin# 6alance of %resent value of Defined 6enefit Obli#ation (d@ust$ent of) Current Service Cost +nterest Cost (ctuarial &osses A (Fain) 6enefits %aid Obli#ation durin# Current 'ear Closin# 6alance of %resent value of Defined 6enefit Obli#ation :8<.8/ ,-.:; 8. ./ ,<<.>> :,.;<

6enefi ts

8..<

,<.>: ,>.;, ,;.-: (,8.->) 8./. 8.:(7.88) 8.78 ,<.;> 8. 8; 8. 8: (8.8;) 8. .>

,/.7,..;; /.8: (>./<) 8.<, (8.,8) (7.88) 8.,/ ,-.:; 8.8; (8.8:) (8.87)

:;<.:7

:8<.8/

8../

,88

UltraTech Cement Limited

Annual Report 2012-2013

NOTES (Contd.)

%articulars

(s at =arch 7," :8,7 Fratuit' %ension %ost (2unded) 4etire $ent =edical 6enefits

I in Crores (s at =arch 7," :8,: Fratuit' %ension %ost (2unded) 4etire $ent =edic al 6enefit s ,/,.,/

(ii)

(iii)

(iv)

(v)

(vi)

Chan#e in 2air Value of (ssets Openin# 6alance of 2air Value of %lan (ssets (d@ust$ent of) 4eturn on %lan (ssets (ctuarial FainA(&osses) Contribution b' the e$plo'er 6enefits %aid Closin# 6alance of 2air Value of %lan (ssets Net (sset A (&iabilit') reco#nised in the 6alance Sheet %resent value of Defined 6enefit Obli#ation 2air Value of %lan (sset Net (sset A (&iabilit') in the 6alance Sheet E0penses reco#nised in the State$ent of %rofit and &oss Current Service Cost +nterest Cost E0pected 4eturn on %lan (ssets (ctuarial (Fain)A&osses Obli#ation durin# the 'ear Total E0pense &ess) Transferred to %re operative E0penses Total e0penses char#ed to State$ent of %rofit and &oss The $a@or cate#ories of plan assets as a percenta#e of total plan Fovern$ent of +ndia Securities %ublic Sector 6onds +nsurer =ana#ed 2unds Others Total (ctuarial (ssu$ptions) Discount 4ate E0pected 4eturn on %lan (ssets Turnover 4ate

:8<.8.

,/.;8 7./7 :-.>; (,8.->) :;..-;

7.88 (7.88)

8.8; (8.8;)

,:.<: :./7-.,. (>./<) :8<.8.

7.88 (7.88)

8.87 (8.87)

(:;<.:7) :;..-; (,.:-)

(,<.;>)

(8..>)

(:8<.8/) :8<.8. (8.8,)

(,-.:;)

(8../)

(,<.;>)

(8..>)

(,-.:;)

(8../)

,<.>: ,>.;, (,/.;8) ,,.:7,.,: (8.<.) 78.7<

8./. 8.:8.78 ,.:;

8.8; 8.8: 8.8/

,/.7,..;; (,:.<:) (7.77) ::.;; (8./>) :,.</

8.<, (8.,8) 8.,/ 8.<<

8.8; (8.8:) 8.8:

,.:;

8.8/

8.<<

8.8:

--J ,J ,88J

N.(. N.(. N.(. N.(. N.(.

N.(. N.(. N.(. N.(. N.(.

/J .J >>J ,J ,88J

N.(. N.(. N.(. N.(. N.(. >J >.;.J >..,J

N.(. N.(. N.(. N.(. N.(.

>J >J ,J :J

>J

>J

>.;.J >J ,J :J

>.;.J

+ndian =ortalit' (ssured &ives =ortalit' (:88/ 8> >J Staff /8 9rs 5orBers .> 9rs &eavin# Service) (#e) :, ;; (#e) ;. E above :J ,J

%( (-8) annuit' rates down b' ; 'ears

%( (-8) annuit' rates down b' ; 'ears

%ublishe d 4ates of &+C -; -/

%( (-8) annuit' rates down b' ; 'ears

%( (-8) annuit ' rates down b' ; 'ears

Salar' Escalation 4ate

>J Staff /8 9rs 5orBers .> 9rs :J ,J


UltraTech Cement Limited

4etire$ent a#e

,8,

NOTES (Contd.)

Annual Report 2012-2013

(7)

6asis used to deter$ine E0pected 4ate of 4eturn on %lan (ssets) E0pected rate of return on %lan (ssets is based on e0pectation of the avera#e lon# ter$ rate of return e0pected on invest$ents of the fund durin# the esti$ated ter$ of the obli#ations. Salar' Escalation 4ate) The esti$ates of future salar' increases are considered taBin# into account inflation" seniorit'" pro$otion and other relevant factors.

(8)

(9)

E0perience (d@ust$ents)

1`
%articulars (a) Fratuit' (2unded) Defined 6enefit Obli#ation 2air Value of %lan (ssets SurplusA(Deficit) E0pected (d@ust$ents on %lan &iabilities E0pected (d@ust$ents on %lan (ssets (b) %ension &iabilities) Defined 6enefit Obli#ation 2air Value of %lan (ssets SurplusA(Deficit) E0pected (d@ust$ents on %lan &iabilities %ost 4etire$ent =edical Sche$e Defined 6enefit Obli#ation 2air Value of %lan (ssets SurplusA(Deficit) E0pected (d@ust$ents on %lan &iabilities :88> 8;,.-> ;8.7/ (,./:) >.<> 8.<> :88- ,8 .:.,8 ;;.>; (<.:/) (8.7;) 8./: :8,8 ,, ,<<.>> ,/,.,/ (,/.<:) <.,: 8.-8 :8,, ,: :8<.8/ :8<.8. (8.8,) ,8.;:.<8

in Crores :8,: ,7 :;<.:7 (:;..-; ) (,.:-) 7./8 7./7

8.>: (8.>:) I (:>":,:) &iabilities ) 8./, (8./,) 8.8,

8.<; (8.<;) I (-"87<)

8.<. (8.<.) I :<"/<7

8.<7 (8.<7) I ,<".7;

8.<. (8.<.) I ,-".<,

(c)

8../ (8../) I ;,",;7

8..< (8..<) (8.8,)

8../ (8../) (8.8,)

8..> (8..>) I ;">,8

(10) (2)

The Co$pan'!s e0pected contribution durin# ne0t 'ear is I ,8.,. Crores. (%revious 9ear I ,8.,. Crores)

Defined Contribution %lans ($ount reco#nised as an e0pense and included in Note :. under the head GContribution to %rovident and other 2undsH of State$ent of %rofit and &oss I .,.7- Crores" (%revious 9ear I ;..<; Crores).

(3)

($ount reco#nised as an e0pense in respect of Co$pensated &eave (bsences is I :<.-. Crores. (%revious 9ear I :,.>: Crores).

Note 7< Se#$ent 4eportin#) 6usiness Se#$ent The Co$pan' is e0clusivel' en#a#ed in the business of ce$ent and ce$ent related products. This in the conte0t of (S ,< GSe#$ent 4eportin#H" notified under the Co$panies ((ccountin# Standard) 4ules" :88/" constitutes one sin#le pri$ar' se#$ent. Feo#raphical Se#$ent is identified as the secondar' se#$ent and details are #iven below) %articulars 9ear Ended =arch 7," :8,7 9ear Ended =arch 7," :8,:

Se#$ent 4evenues (Sales))

+ndia 4est of the 5orld Total

,-"<8;.77,7... :8"8,<.-;

,<"<<,.>8 7>/.;> ,>",.>.:>

,8:

UltraTech Cement Limited

Annual Report 2012-2013

NOTES (Contd.)

Note 7> Disclosure of related parties A related part' transactions) %arties (() %arties where control e0ists) Frasi$ +ndustries &i$ited DaBshin Ce$ents &i$ited Carish Ce$ent &i$ited 3ltraTech Ce$ent =iddle East +nvest$ents &i$ited (3C=E+&) 3ltraTech Ce$ent S( (%T9) Fotan &i$estone Shani@ 3d'o# %vt &td (w.e.f. :7.8<.:8,:) 3ltraTech Ce$ent &anBa %vt. &i$ited %T 3ltraTech =inin# +ndonesia %T 3ltraTech +nvest$ents +ndonesia (%T3++) Star Ce$ent Co. &&C" 3(E Star Ce$ent Co. &&C" 4(S 4as (l Shai$ah" 3(E (l NaBhla Crusher &&C" 2u@airah" 3(E (rabian Ce$ent +ndustr' &&C" (bu Dhabi (rabian Fulf Ce$ent Co 5.&.&." 6ahrain E$irates %ower Co$pan' &i$ited" 6an#ladesh E$irates Ce$ent 6an#ladesh &i$ited" 6an#ladesh 3ltraTech Ce$ent =oDa$bi1ue &i$itada %T 3ltraTech Ce$ent +ndonesia (w.e.f. ,/.8<.:8,:) %arties =adanpur (North) Coal Co$pan' %vt. &i$ited 6hasBarpara Coal Co$pan' &i$ited Sa$ruddhi SwastiB Tradin# and +nvest$ents &i$ited Frasi$ 6hiwani Te0tiles &i$ited =r. O.%.%uran$alBa" 5hole Ti$e Director =rs. Sita %uran$alBa (a) Disclosure of related part' transactions) I in Crores 9ear Ended =arch 7," :8,: ,..-,/;.,8.,7 ,>8.7, 8.7, Coldin# Co$pan' 5holl' Owned Subsidiar' 5holl' Owned Subsidiar' 5holl' Owned Subsidiar' 5holl' Owned Subsidiar' 5holl' Owned Subsidiar' Subsidiar' Subsidiar' Subsidiar' Subsidiar'!s Subsidiar' U 3C=E+& Subsidiar'!s Subsidiar' U 3C=E+& Subsidiar'!s Subsidiar' U 3C=E+& Subsidiar'!s Subsidiar' U 3C=E+& Subsidiar'!s Subsidiar' U 3C=E+& Subsidiar'!s Subsidiar' U 3C=E+& Subsidiar'!s Subsidiar' U 3C=E+& Subsidiar'!s Subsidiar' U 3C=E+& Subsidiar'!s Subsidiar' U %T3++ 4elationship ?oint Venture ?oint Venture 2ellow Subsidiar' 2ellow Subsidiar' Se' =ana#e$ent %ersonnel (S=%) 4elative of S=% (5ife) 4elationship

(6) Other 4elated %arties with who$ there were transactions durin# the 'ear)

Nature of Transactions

9ear Ended =arch 7," :8,7

Sale of Foods) Frasi$ +ndustries &i$ited 3ltraTech Ce$ent &anBa %vt. &i$ited Frasi$ 6hiwani Te0tiles &i$ited Total %urchase of Foods) Frasi$ +ndustries &i$ited 8.>; 7/..; ,-<.>/ 8.8/ :7;.;/

Frasi$ 6hiwani Te0tiles &i$ited Fotan &i$estone Shani@ 3d'o# %vt &td Total

8.<: 7.77 ;.>-

8... 8.>/

UltraTech Cement Limited

,87

NOTES (Contd.)

Annual Report 2012-2013

Nature of Transactions

9ear Ended =arch 7," :8,7

I in Crores 9ear Ended =arch 7," :8,: 8.8/ 8.,7 8.8, 8.:8 8.8, I ."8// 8.8,

Sale of 2i0ed (ssets) Frasi$ +ndustries &i$ited 3ltraTech Ce$ent =iddle East +nvest$ents &i$ited Star Ce$ent Co. &&C Total %urchase of 2i0ed (ssets) Frasi$ +ndustries &i$ited Carish Ce$ent &i$ited Total 4eceivin# of Services) Frasi$ +ndustries &i$ited Frasi$ 6hiwani Te0tiles &i$ited Sa$ruddhi SwastiB Tradin# E +nvest$ent &i$ited 3ltraTech Ce$ent &anBa %vt. &i$ited Se' =ana#e$ent %ersonnel (Nincludes I 8..; Crores" related to previous 'ear) 4elative of Se' =ana#e$ent %ersonnel Total 4enderin# of Services) 3ltraTech Ce$ent &anBa %vt. &i$ited Dividend received 3ltraTech Ce$ent &anBa %vt. &i$ited Dividend %aid Frasi$ +ndustries &i$ited &oans and (dvances Fiven) Carish Ce$ent &i$ited DaBshin Ce$ents &i$ited Fotan &i$estone Shani@ 3d'o# %vt &td Total (dvances (#ainst E1uit') %T 3ltraTech =inin# +ndonesia =adanpur (North) Coal Co$pan' %vt. &i$ited 6hasBarpara Coal Co$pan' &i$ited Total (dvance (#ainst E1uit' U 4efund 6hasBarpara Coal Co$pan' &i$ited %T 3ltraTech =inin# +ndonesia Total +nvest$ents 3ltraTech Ce$ent =iddle East +nvest$ents &i$ited 6hasBarpara Coal Co. &i$ited %T 3ltraTech =inin# +ndonesia =adanpur (North) Coal Co$pan' %vt. &i$ited Total Corporate Fuarantees #iven to 3ltraTech Ce$ent =iddle East +nvest$ents &i$ited E its Subsidiaries

8./< 8.<. 8.;: ,<..: <.-.N 8.,; :<.;. 77.:> ..87 ,7:.:< :.:/ >.7; ,8./8 ,.7. 8.8> ,.;7 8./8 8.87 8./7

8./, ;.7: 8.;, ..,8 8.8/ ,8..8 ,..7/ <.:--.:8 :..-. 8.87 :..-> 8.87 8.8: ,.7> ,.;7

8.8: 8.8: 7<.-;

,8.7; 8.8. 7.;, 8.8< ,7.>< .>;.<;

,8;

UltraTech Cement Limited

Annual Report 2012-2013

NOTES (Contd.)

Outstandin# balances

(s at =arch 7," :8,7 ,.>, ,;-.<> ,:.7; 8.7, ,.7. 8.>/ ,//.;. <.., 8.,, 8.-> 7./. ;.88 :";:<.,; :";7;.<-

I in Crores (s at =arch 7," :8,: 8.;7 8.7< ,;<..: 8.7, 8.8: 8.87 ,.7> ,.8.8/ -.87 8.:, 8.-> 7./. ;.88 :":7-.:, :":;/.>/

&oans and (dvances) Frasi$ +ndustries &i$ited DaBshin Ce$ents &i$ited Carish Ce$ent &i$ited Fotan &i$estone Shani@ 3d'o# %vt &td Sa$ruddhi SwastiB Tradin# E +nvest$ent &i$ited =adanpur (North) Coal Co$pan' %vt. &i$ited %T 3ltraTech =inin# +ndonesia 6hasBarpara Coal Co. &i$ited Total Debtors) 3ltraTech Ce$ent &anBa %vt. &i$ited Other &iabilities and Creditors) Frasi$ 6hiwani Te0tiles &i$ited Deposit) 4elative of Se' =ana#e$ent %ersonnel Corporate Fuarantees) =adanpur (North) Coal Co$pan' %vt. &i$ited 6hasBarpara Coal Co. &i$ited 3ltraTech Ce$ent =iddle East +nvest$ents &i$ited E its Subsidiaries Total Note 7- Earnin# per Share (E%S)) %articulars (s at =arch 7," :8,7 :"/...;7 :<;",8-":7: -/.>< :<;",8-":7: >:":8. :<;",-,";7< -/.>. ,8 (s at =arch 7," :8,: :";;/.,:<;"8.:"8;: >-.:/ :<;"8.:"8;: ,8-"8<; :<;",/,",,/ >-.:: ,8

(() 6asic E%S) (i) Net %rofit attributable to E1uit' Shareholders (ii) 5ei#hted avera#e nu$ber of E1uit' Shares outstandin# (Nos.) 6asic E%S (I) (i)A(ii) (6) Diluted E%S) (i) 5ei#hted avera#e nu$ber of E1uit' Shares Outstandin# (ii) (dd) %otential E1uit' Shares on e0ercise of option (iii) 5ei#hted avera#e nu$ber of E1uit' Shares Outstandin# for calculation of Diluted E%S (iQii) Diluted E%S (I) K(() (i) L A (iii) 2ace value of Shares (I)

UltraTech Cement Limited

,8.

NOTES (Contd.)

Annual Report 2012-2013

Note ;8
Details of the Co$pan'!s interest in its ?oint Venture" havin# ?oint Control" as per the re1uire$ent of (ccountin# Standard ((S) :< on G2inancial 4eportin# of +nterests in ?oint VenturesH notified under the Co$panies ((ccountin#

Standard) 4ules" :88/" are as under) Sr. No. (North) Coal %vt. &i$ited (s at =arch 7," :8,: ,,.,<J ,.,. 8.8,

I in Crores 6hasBarp Coal ara Co. &i$ited (s at =arch 7," :8,7 ;<.7<J >.7, 8.8: 8.8, 7./. 7./. ;.88 (s at =arch 7," :8,: ;<.7<J >... 8.8, 8.,. ;.88

%articulars

=adanpur Co$pan' (s at =arch 7," :8,7

J Shares Celd (a) (b) (c) (d) (e) (ssets &iabilities +nco$e E0penses Other =atters U Contin#ent &iabilit'

,,.,<J ,.,.

6oth ?V!s are incorporated in +ndia Note ;, U (uditors! re$uneration (e0cludin# service ta0) and e0penses %articulars 9ear Ended =arch 7," :8,7 9ear Ended =arch 7," :8,:

( a )

Statutor' (uditors) (udit fees Ta0 audit fees 2ees for other services E0penses rei$bursed 8.-/ 8.,, ,.,> 8.8. 8.-8 8.,8 ,.:< 8.87

( b )

6ranch (uditors) (udit fees 8.8. 8.87 8.8. 8.87 2ees for other services C os t (uditors) (udit fees 2ees for other services (I :."888" %revious 9ear Nil) E0penses rei$bursed (I 7."888" %revious 9ear Nil)

( c )

8.,,

8.8>

Note ;: The followin# e0penses are included in the different heads of e0penses in the State$ent of %rofit and &oss) %articulars 4 9ear Ended =arch 7," :8,7 =aterial %ower Total 9ear Ended =arch 7," :8,: 4aw =aterials %ower Total

a w

s Consu$ed

and 2uel Consu$e d />.8/ ,7<.-, :-7.->

Consu$ed

and 2uel Consu$e d ./.88 ,,/. 8< :-;. :>

Stores and Spares Consu$ed 4o'alt' and Cess

/-.>. :-7.->

/8.8< :-;.:>

,8/

UltraTech Cement Limited

Annual Report 2012-2013

NOTES (Contd.)

Note ;7 The Co$pan' has #ranted 777";/- options to its eli#ible e$plo'ees in various tranches" details for all the tranches are as under) (a) E$plo'ee StocB Option Sche$e) %articulars Nos. of Options =ethod of (ccountin# Vestin# %lan Tranche + --"8,8 +ntrinsic Value Fraded Vestin# :.J ever' 'ear . 9ears fro$ the date of Vestin# :7.8>.:88< /8/ >.7 Tranche ++ /-"8/8 +ntrinsic Value Fraded Vestin# :.J ever' 'ear . 9ears fro$ the date of Vestin# :..8,.:88> <-; <-; Tranche +++ /8";87 +ntrinsic Value Fraded Vestin# :.J ever' 'ear . 9ears fro$ the date of Vestin# 8>.8-.:8,8 /.. --; :8.8-.:8,8 <8-N N :8.8-.:8,8 ,"8/,N N (s per the Ter$s of Sche$e (s per the Ter$s of Sche$e Tranche +VN >>"-8< Tranche VN >",-Tranche V+ <">-8 +ntrinsic Value Fraded Vestin# :.J ever' 'ear . 9ears fro$ the date of Vestin# 8,.8/.:8,: -<; ,";:;

E0ercise %eriod

Frant Date Frant %rice (I per share) =arBet %rice on the date of Frant of Option (I per share) Discount on (vera#e %rice

78.88J

,.->J

78.88J

78.88J

1*

+ssued to E$plo'ees of erstwhile Sa$ruddhi Ce$ent &i$ited (SC&) option holders pursuant to Sche$e of ($al#a$ation of SC& with the Co$pan'

(b) =ove$ent of Options Franted) %articulars (s at =arch 7," :8,7 :;7":8: <">-8 (,,;"/8,) (/".:>) ,:-"-/7 (:7"/7/) (,"/78) :;7":8: (s at =arch 7," :8,: :/>";/>

Outstandin# at the be#innin# of the 'ear Franted durin# the 'ear E0ercised durin# the 'ear 2orfeited durin# the 'ear Outstandin# at the end of the 'ear

The wei#hted avera#e price at the date of e0ercise for options was I ,">;< per share. (c) =ove$ent of E0ercisable Options) %articulars (s at =arch 7," :8,7 ,-<">-,.",8, (,,;"/8,) ->"7-(s at =arch 7," :8,: ,<,"8-8 .8";;. (:7"/7/) ,-<">--

E0ercisable at the be#innin# of the 'ear Vested durin# the 'ear includin# new options and options #ranted to the option holders of erstwhile SC& E0ercised durin# the 'ear Options e0ercisable at the end of the 'ear

UltraTech Cement Limited

,8<

NOTES (Contd.)

Annual Report 2012-2013

(d) 2air Valuation) The fair value of options used to co$pute profor$a net inco$e and earnin#s per e1uit' share have been done b' an independent fir$ of Chartered (ccountants on the date of #rant usin# the 6lacB Scholes =odel. The Se' assu$ptions in the 6lacB Scholes =odel for calculatin# fair value as on the date of #rant are) , . : . 7 . ; . 4isB 2ree 4ate Option &ife E0pected Volatilit' >J (Tranche + V)" >.,;J (Tranche V+) Vestin# period (, 9ear) Q (vera#e of e0ercise period Tranche +) 8.;-" Tranche ++) 8..:" Tranche +++) 8.78" Tranche +V) 8.78" Tranche V) 8.78" Tranche V+) 8.:. :8J

E0pected Frowth in Dividend

The wei#hted avera#e fair value of the option" as on the date of #rant" worBs out to I ;</ per stocB option. Cad the co$pensation cost for the stocB options #ranted under ESOS :88/ been deter$ined" based on fair value approach" the Co$pan'!s net profit and earnin#s per share would have been as per the profor$a a$ounts indicated below) I in Crores 9ear Ended =arch 7," :8,: :";;/.,8.>7 (,.:;) :";;..<> >-.:/ >-.:; >-.:: >-.:,

%articulars

9ear Ended =arch 7," :8,7 :"/...;7 8.7/ (8.>8) :"/.;.--/.>< -/.>/ -/.>. -/.>7

Net %rofit (dd) Co$pensation E0penses under ESOS included in the Net %rofit &ess) Co$pensation E0penses under ESOS as per 2air Value Net %rofit (2air value basis) 6asic Earnin# %er Share (4eported) U I A Share 6asic Earnin# %er Share (2air value basis)U I A Share Diluted Earnin# %er Share (4eported) U I A Share Diluted Earnin# %er Share (2air value basis) U I A Share Note ;; Value of +$ports (on C+2 basis))

%articulars

9ear Ended =arch 7," :8,7

9ear Ended =arch 7," :8,:

( i ) ( i i ) ( i i i )

4aw $aterials

:./.</

::/.:,

Co$ponents and spare parts

,...77

-7./8

Capital #oods

7>7.-8

:.;.-8

Note ;. Value of +$ported and +ndi#enous 4aw =aterials" Stores and Spares consu$ed) %articulars 9ear Ended =arch 7," :8,7 Value I in Crores 4aw $aterials) +$ported +ndi#enous Total Stores and spares) +$ported +ndi#enous Total J 9ear Ended =arch 7," :8,: Value I in Crores J

788..: :";-,./8 :"<-:.,: ,8-.-, /8<.7< <,<.:>

,8.> >-.: ,88. 8 ,..7 >;.< ,88. 8

,-..;< :",>:.:7 :"7<<.<8 ,8>.8> .,<.,8 /:..,>

>.: -,.> ,88.8 ,<.7 >:.< ,88.8

,8>

UltraTech Cement Limited

Annual Report 2012-2013

NOTES (Contd.)

Note ;/ E0penditure in 2orei#n Currenc') I in Crores %articulars 9ear Ended =arch 7," :8,7 .8.;> :.>. :<.>8 ,7.:< 9ear Ended =arch 7," :8,: <...8 >.8, ::./8 ,8.-,

2rei#ht A Dispatch A De$urra#e Service 2ees +nterest Other =atters Note ;< Earnin#s in 2orei#n E0chan#e) %articulars

9ear Ended =arch 7," :8,7 7,7... ..87 ;,.;8

9ear Ended =arch 7," :8,: 7>/.;> <.:::..>

E0port of #oods K+ncludin# I 78-.>/ Crores (%revious 9ear I 7/;./8 Crores) on 2O6 basisL Dividend Other receipts Note ;> Dividends re$itted in 2orei#n Currenc' to Non 4esident Shareholders)

(1)

4e$ittance in forei#n currenc' Sr. No. %articulars 9ear Ended =arch 7," :8,7 =arch 7," :8,: ,7> ,".,,">.8 ,.:, 9ear Ended =arch 7," :8,: =arch 7," :8,, ,<7 ,".,/"8;< 8.-,

, : 7 ;

Dividend for the 'ear ended Nu$ber of Non 4esident E1uit' Shareholders Nu$ber of Shares held b' the$ ($ount re$itted as dividend ( Crores)

(2)

E0cept for the above e1uit' shareholders" the Co$pan' has not $ade an' re$ittance in forei#n currenc' on account of dividends durin# the 'ear and does not have infor$ation as to the e0tent to which re$ittances in forei#n currencies on account of dividends have been $ade b' or on behalf of non resident e1uit' shareholders. The particulars of non resident e1uit' shareholders and the a$ount of dividends paid to the$ are as under) Sr. No. %articulars 9ear Ended =arch 7," :8,7 =arch 7," :8,: <":.> /:";>;":7: ;-.-> 9ear Ended =arch 7," :8,: =arch 7," :8,, <".<8 ;<"/>,"::: :>./8

(3)

, : 7 ;

E1uit' Dividend for the 'ear ended Nu$ber of Non 4esident E1uit' Shareholders includin# those under (i) above Nu$ber of Shares held b' the$ ($ount paid as dividend (I Crores)

UltraTech Cement Limited

,8-

NOTES (Contd.)

Annual Report 2012-2013

Note ;4evenue e0penditure on 4esearch and Develop$ent included in different heads of e0penses in the State$ent of %rofit and &oss is I -.7- Crores. (%revious 9ear I /..; Crores). Note .8 Other Operatin# 4evenues A Other +nco$e includes V(T 4efund A Subsid'" under State +nvest$ent %ro$otion Sche$e" of I 7<.<, Crores (%revious 9ear I ,,8./; Crores). +nterest and 5a#es E0penses are net of subsid' received" under State +nvest$ent %ro$otion Sche$e" of I //..Crores (%revious 9ear I /;./8 Crores) and of I ;.-< Crores (%revious 9ear I ;.:. Crores) respectivel'. Note .,

(1) (2)

Operatin# lease pa'$ent reco#nised in the State$ent of %rofit and &oss a$ountin# to I >8.-7 Crores (%revious 9ear I />./> Crores) Feneral Description of leasin# a#ree$ents)

(1) (2) (3)


Note .:

&eased (ssets) Fodowns" Offices" 2lats" &and" =achiner' E Others. 2uture &ease rentals are deter$ined on the basis of a#reed ter$s. (t the e0pir' of lease ter$s" the Co$pan' has an option to return the assets or e0tend the ter$ b' #ivin# notice in writin#

%revious 'ear fi#ures have been re#rouped A reclassified wherever necessar' to correspond with the current 'ear classification A disclosure. Note .7 2i#ures less than I .8"888 have been shown at actual" wherever statutoril' re1uired to be disclosed" as the fi#ures have been rounded off to the nearest laBh.
2or and on behalf of the 6oard

Si#natures to Note ,! to .7!


S. C. 6+4&( Sr. E0ecutive %resident E C2O S. S. CC(TTE4?EE Co$pan' Secretar' =u$bai" (pril ::" :8,7

S3=(4 =(NF(&(= 6+4&( Chair$an 4. C. 6C(4F(V( Director O. %. %34(N=(&S( 5hole ti$e Director

,,8

UltraTech Cement Limited

Consolidated 2inancial State$ents


+NDE%ENDENT (3D+TO4S! 4E%O4T
ON TCE CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

Annual Report

20122013

+NDE%ENDENT (3D+TO4S! 4E%O4T ON CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS TO TCE 6O(4D O2 D+4ECTO4S O2 3&T4(TECC CE=ENT &+=+TED 4eport on the Consolidated 2inancial State$ents 5e have audited the acco$pan'in# consolidated financial state$ents of 3&T4(TECC CE=ENT &+=+TED (the GCo$pan'H)" its subsidiaries and @ointl' controlled entities (the Co$pan'" its subsidiaries and @ointl' controlled entities constitute Gthe FroupH)" which co$prise the Consolidated 6alance Sheet as at =arch 7," :8,7" the Consolidated State$ent of %rofit and &oss and the Consolidated Cash 2low State$ent for the 'ear then ended" and a su$$ar' of the si#nificant accountin# policies and other e0planator' infor$ation. =ana#e$ent!s 4esponsibilit' for the Consolidated 2inancial State$ents The Co$pan'!s =ana#e$ent is responsible for the preparation of these

consolidated financial state$ents that #ive a true and fair view of the consolidated financial position" consolidated financial perfor$ance and consolidated cash flows of the Froup in accordance with the accountin# principles #enerall' accepted in +ndia. This responsibilit' includes the desi#n" i$ple$entation and $aintenance of internal control relevant to the preparation and presentation of the consolidated financial state$ents that #ive a true and fair view and are free fro$ $aterial $isstate$ent" whether due to fraud or error. (uditors! 4esponsibilit' Our responsibilit' is to e0press an opinion on these consolidated financial state$ents based on our audit. 5e conducted our audit in accordance with the Standards on (uditin# issued b' the +nstitute of Chartered (ccountants of +ndia. Those Standards re1uire that we co$pl' with ethical re1uire$ents and plan and perfor$ the audit to obtain reasonable assurance about whether the consolidated financial state$ents are free fro$ $aterial $isstate$ent. (n audit involves perfor$in# procedures to obtain audit evidence about the a$ounts and the disclosures in the consolidated financial state$ents. The procedures selected depend on the auditor!s @ud#e$ent" includin# the assess$ent of the risBs of $aterial $isstate$ent of the consolidated financial state$ents" whether due to fraud or error. +n $aBin# those risB assess$ents" the auditor considers the internal control relevant to the Co$pan'!s preparation and presentation of the consolidated financial state$ents that #ive a true and fair view in order to desi#n audit procedures that are appropriate in the circu$stances" but not for the purpose of e0pressin# an opinion on the effectiveness of the Co$pan'!s internal control. (n audit also includes evaluatin# the appropriateness of the accountin# policies used and the reasonableness of the accountin# esti$ates $ade b' the =ana#e$ent" as well as evaluatin# the overall presentation of the consolidated financial state$ents. 5e believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion +n our opinion and to the best of our infor$ation and accordin# to the e0planations #iven to us" the aforesaid consolidated financial state$ents #ive a true and fair view in confor$it' with the accountin# principles #eneralls accepted in +ndia)

(1)

in the case of the Consolidated 6alance Sheet" of the state of affairs of the Froup as at =arch 7," :8,7P

(2) (3)

in the case of the Consolidated State$ent of %rofit and &oss" of the profit of the Froup for the 'ear ended on that dateP and in the case of the Consolidated Cash 2low State$ent" of the cash flows of the Froup for the 'ear ended on that date.

,,:

UltraTech Cement Limited

Annual Report 2012-2013 +NDE%ENDENT (3D+TO4S! 4E%O4T

ON TCE CONSO&+D(TED

2+N(NC+(& ST(TE=ENTS

E$phasis of =atter 5e draw attention to Note 7;(b) to the financial state$ents which describe the uncertaint' related to the penalt' of I ,",<..;- crores i$posed b' the Co$petition Co$$ission of +ndia for alle#ed carteliDation b' certain ce$ent $anufacturin# co$panies includin# the Co$pan'" for which based on a le#al opinion no provision has been $ade. Our opinion is not 1ualified in respect of this $atter. Other =atter The financial state$ents of two subsidiaries as considered in the consolidated financial state$ents" which reflect total assets (net) of I ,.:.-- crores as at =arch 7," :8,7" total revenues of I Nil and net cash outflows a$ountin# to I :.:/ crores for the 'ear ended on that date" have been audited b' =As F. %. Sapadia E Co." Chartered (ccountants one of the @oint auditors of the Co$pan'. The consolidated financial state$ents include the unaudited financial state$ents of four subsidiaries" whose financial state$ents reflect total assets (net) of I Nil as at =arch 7," :8,7" total revenue of I Nil and net cash flows a$ountin# to I Nil for the 'ear ended on that date. Our opinion" in so far as it relates to the a$ounts included in respect of these subsidiaries is based solel' on such $ana#e$ent accounts. 5e did not audit the financial state$ents of eleven subsidiaries and two @ointl' controlled entities" whose financial state$ents reflect total assets (net) of I :";:>.>- crores as at =arch 7," :8,7" total revenues of I ,"7;../7 crores and net cash flows a$ountin# to I ..;- crores for the 'ear ended on that date" as considered in the consolidated financial state$ents. These financial state$ents have been audited b' other auditors whose reports have been furnished to us b' the Co$pan'!s =ana#e$ent and our opinion" in so far as it relates to the a$ounts and disclosures included in respect of these subsidiaries and @ointl' controlled entities" is based solel' on the reports of the other auditors. Our report is not 1ualified in respect of these $atters.

2or DE&O+TTE C(SS+NS E SE&&S 2or F.%.S(%(D+( E Co. Chartered (ccountants Chartered (ccountants (2ir$ 4e#istration No. ,8;</>5) (2ir$ 4e#istration No. ,,<7//5)

6. %. Shroff %artner %artner

(tul 6. Desai

(=e$bership No. 7;7>:) (=e$bership No. 78>.8) =u$bai" (pril ::" :8,7

UltraTech Cement Limited

,,7

CONSO&+D(TED 6(&(NCE SCEET

Annual Report

20122013

(S (T =(4CC 7," :8,7


I in Crores %articular s ER3+T9 (ND &+(6+&+T+ES Shareholders! 2unds Share Capital 4eserves and Surplus Notes (s at =arch 7," :8,7 (s at =arch 7," :8,:

: 7

:<;.,> ,;"-...;, ,."::-.. <>.,:

=inorit' +nterest Non Current liabilities &on# ter$ 6orrowin#s Deferred Ta0 &iabilities (Net) Other &on# ter$ &iabilities &on# ter$ %rovisions

:<;.8< ,:"..8.7. ,:">:;. ;: /:.:/

; . / <

.",/-.8/ ,"-8-... ,.>, ,7;..<":,..8,

;">;7.7, ,"<;,.8:.;8 ,:8.-/ /"<8<.< / <8;./:":8/.>; ,"/>>./7 <8-.,; ."78-.7 8 :;"-87.<;

Current &iabilities Short ter$ 6orrowin#s Trade %a'ables Other Current &iabilities Short ter$ %rovisions

> , 8 <

,"::<.7. :"77<.>. :"..:..; -;-.7/ <"8/<.,8 :-".>-.> :

TOT(& (SSETS Non Current

(ssets , , ,;":.;.8< /:.8, 7"/8,.,, 8.8/ ,<"-,<.: . <77.// , : , 7 , ; ,".>,..>.7> ,"8//.,/ :"/./.,7 ,:"<:-.:; ;8.7, ,"-7-./. 8./; ,;"<8-. >; .;;.7< -8/.., <..8 ,".;7.<7 :";.<.< ;

2i0ed (ssets Tan#ible (ssets +ntan#ible (ssets Capital 5orB in %ro#ress +ntan#ible (ssets under Develop$ent

Foodwill on Consolidation Non Current +nvest$ents Deferred Ta0 (ssets (net) &on# Ter$ &oans and (dvances

Current (ssets Current +nvest$ents +nventories , . , / 7",:/.-. :".;8./< :"/;8.-; :",-<.-/

Trade 4eceivables Cash and 6anB 6alances Short ter$ &oans and (dvances Other Current (ssets

, < , > , ; , -

,"7</.:,>;.<,"8;>.8< /.8, >":>:.<> :-".>-.> :

,"8>>.<. :,;.:,"8;,.78 >... <",-,.< :;"-87.<;

TOT(& (ccountin # %olicies , (cco$pan'in# Notes are an inte#ral part of the 2inancial State$ents

+n ter$s of our report attached. 2or DE&O+TTE C(SS+NS E SE&&S Chartered (ccountants 6. %. SC4O22 %artner

2or and on behalf of the 6oard 2or F. %. S(%(D+( E CO. S3=(4 =(NF(&(= 6+4&( Chartered Chair$a (ccountants Sr. E0ecutive %resident E C2O n (T3& 6. DES(+ %artner S. S. CC(TTE4?EE Co$pan' Secretar' 4. C. 6C(4F(V( Director O. %. %34(N=(&S( 5hole ti$e Director ,,; UltraTech Cement Limited S. C. 6+4&(

=u$bai" (pril ::" :8,7

Annual Report

20122013

CONSO&+D(TED ST(TE=ENT O2 %4O2+T (ND &OSS 2O4 TCE 9E(4 ENDED =(4CC 7," :8,7
I in Crores

%articula rs 4evenue Sale of %roducts and Services (Fross) &ess) E0cise Dut'

Not es

9ear ended =arch 7," :8,7

9ear ended =arch 7," :8,:

: 8

:7">.:.,; :"/-/.8: :,",./.,:

:,"7.>.7> :":>8.-: ,-"8<<. ;/ ,.;.-/ :,"7,-. 8,-":7:. ;: 7<8.>7 ,-"/87.:.

Other Operatin# 4evenues 4evenue fro$ Operations (Net) Other +nco$e

: ,

,/:.-<

: :

787..:,"/::. />

Total (+) E0pense s Cost of 4aw =aterials Consu$ed %urchases of StocB in Trade Chan#es in +nventories of 2inished Foods" 5orB in %ro#ress and StocB in Trade E$plo'ee 6enefits E0pense %ower and 2uel 2rei#ht and 2orwardin# E0pense Other E0penses : < : > : 7 : ; : .

7",;,.< : :;,.>/ (,,..:8)

:"<8;.;> ,<<.::>.;8

: /

,"8;:./ ;"/;..< , ;":;7.: < 7"7:;.< 8 ,/".:;. <.

>>-.7. ;"/7-.7/

7"<;,.;. :">-<.78 ,."8<<. /7 (7-.,,)

&ess) Captive Consu$ption of Ce$ent KNet of E0cise Dut' I 7-.>8 Crores" (%revious 9ear I 7;.-. Crores)L

(;;.--)

Total (++)

,/";<-. </ .",;:.: : 7 8

,."87>..:

%rofit before +nterest" Depreciation and Ta0 (%6+DT) (+) (++) 2inance Costs Depreciation and ($ortisation E0pense %rofit before Ta0 +nco$e Ta0 E0penses) Current Ta0 E0cess ta0 provision reversal related to prior 'ears Deferred Ta0 Char#e

;"./;.<7 :./.;: -/:.-, 7"7;..; 8

:.:.7; ,"8:7.7 < 7">/<.: ,

,"8,;.< /

-.;.;-

(7.>7) ,/>.:, :"/>>.8 < ,8.7; :"/<<.< 7 ; 7

(,8.8,) 7.//

%rofit (fter Ta0 =inorit' +nterest %rofit for the 9ear

:"7-<.:/ (/.88) :";87.:/

Earnin#s %er E1uit' Share (2ace Value I ,8 each) 6asic (in I) Diluted (in (ccounti n# I ) %olicie s

-<./-<.//

><./><.//

(cco$pan'in# Notes are an inte#ral part of the 2inancial State$ents

+n ter$s of our report attached.

2or and on behalf of the 6oard

2or DE&O+TTE C(SS+NS E SE&&S Chartered (ccountants 6. %. SC4O22 %artner

2or F. %. S(%(D+( E CO. Chartered (ccountants (T3& 6. DES(+ %artner

=u$bai" (pril ::" :8,7

S3=(4 =(NF(&(= 6+4&( Chair$a Sr. E0ecutive %resident E C2O n S. S. CC(TTE4?EE 4. C. 6C(4F(V( Co$pan' Secretar' Director O. %. %34(N=(&S( 5hole ti$e Director UltraTech Cement Limited

S. C. 6+4&(

,,.

Annual Report 2012-2013

CONSO&+D(TED C(SC 2&O5 ST(TE=ENT 2O4 TCE 9E(4 ENDED =(4CC 7," :8,7
I in Crores ent has 2. %urchase of fi0ed assets been includes $ove$ents of %articulars prepare capital worB in pro#ress d under (includin# Capital the indirect (dvances) durin# the 'ear. $ethod Cash and Cash set3. Cash 2low fro$ as Operatin# (ctivities) e1uivalents represent cash out in %rofit (ccounti and banB balances. 6efore n# (d@ust$ent Standar s d 7 Depreciation and ($ortisation notified Co$pensation E0penses under E$plo'ees StocB Options Sche$e under %rovision for Doubtful the (dvances Co$pan 6ad Debts 5ritten off ies E0cess %rovision written bacB (net) ((ccount %rovision for 5ealth Ta0 in# %rovision for 4etire$ent 6enefits Standar %rovision for =ines 4estoration d) +nterest and Dividend 4ules"+nco$e 2inance :88/. Costs 3nrealised 2orei#n E0chan#e (Fain)A&oss 3nrealised loss on +nvest$ents %rofit on Sale of 2i0ed (ssets (net) %rofit on Sale of Current +nvest$ents (net) Operatin# %rofit before 5orBin# Capital Chan#es =ove$ents in worBin# capital) +ncreaseA(Decrease) in Trade pa'able and other &iabilities DecreaseA(+ncrease) in Trade receivables DecreaseA(+ncrease) in +nventories DecreaseA(+ncrease) in &oans and (dvances Cash Fenerated fro$ Operations Ta0es paid E0penditure for =ines 4estoration Net Cash Fenerated fro$ Operatin# (ctivities (()
Cash 2low fro$ +nvestin# (ctivities)

( ( )

( 6 )

( C )

%urchase of 2i0ed (ssets Sale of 2i0ed (ssets E0penditure for Cost on (ssets transferred fro$ Sa$ruddhi Ce$ent &i$ited (SC&)" pursuant to Sche$e of ($al#a$ation %urchase of Non Current +nvest$ents (net) (c1uisition of Fotan &i$estone Shani@ 3d'o# %rivate &i$ited (FS3) (%urchase) A %roceeds of Current +nvest$ents +nterestADividend 4eceived Net Cash used in +nvestin# (ctivities (6)
Cash 2low fro$ 2inancin# (ctivities)

%roceeds fro$ +ssue of Share Capital 4epa'$ent of &on# Ter$ 6orrowin#s %roceeds fro$ &on# Ter$ 6orrowin#s %roceeds A (4epa'$ent) of Short Ter$ 6orrowin#s +nterest paid Dividend %aid Corporate Dividend Ta0 Net Cash Fenerated A (3sed) fro$ 2inancin# (ctivities (C)

Net +ncreaseA(Decrease) in Cash and Cash E1uivalents (( Q 6 Q C)

Cash and Cash E1uivalents at the 6e#innin# of the 9ear Cash and Cash e1uivalents transferred fro$ FS3" pursuant to ac1uisition Effect of e0chan#e rate on consolidation of 2orei#n Subsidiar' Cash and Cash E1uivalents at the End of the 9ear (4efer Note ,>) Notes)

1.

Cash flow state$

(ccountin# %olicies (cco$pan'in# Notes are an inte#ral part of the 2inancial State$ents +n ter$s of our report attached. 2or DE&O+TTE C(SS+NS E SE&&S Chartered (ccountants 6. %. SC4O22 %artner

2or F. %. S(%(D+( E CO. Chartered (ccountants (T3& 6. DES(+ %artner

=u$bai" (pril ::" :8,7 UltraTech Cement ,,/ Limited

Annual Report 2012-2013

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

NOTES Note , Si#nificant (ccountin# %olicies)

(1)

6asis of (ccountin#) The financial state$ents are prepared and presented under the historical cost convention on accrual basis of accountin# in accordance with the Fenerall' (ccepted (ccountin# %rinciples (F((%) in +ndia. These financial state$ents co$pl' in all $aterial aspects with the (ccountin# Standards ((S) notified under the Co$panies ((ccountin# Standards) 4ules" :88/ (as a$ended)" to the e0tent applicable" other pronounce$ents of the +nstitute of Chartered (ccountants of +ndia (+C(+)" the relevant provisions of the Co$panies (ct" ,-./ and applicable #uidelines issued b' the Securities and E0chan#e 6oard of +ndia (SE6+). The accountin# policies adopted in the preparation of these financial state$ents are consistent with those of the previous 'ear.

(2)

3se of esti$ates) The preparation of financial state$ents in confor$it' with the F((% re1uires esti$ates and assu$ptions to be $ade that affect the reported a$ounts of assets and liabilities on the date of the financial state$ents" the reported a$ounts of revenues and e0penses durin# the reported period and the disclosures relatin# to contin#ent liabilities as of the date of the financial state$ents. (lthou#h these esti$ates are based on the $ana#e$ent!s best Bnowled#e of current events and actions" uncertaint' about these assu$ptions and esti$ates could result in outco$es different fro$ the esti$ates. Difference between actual results and esti$ates are reco#nised in the period in which the results are Bnown or $aterialise. Esti$ates and underl'in# assu$ptions are reviewed on an on#oin# basis. (n' revision to accountin# esti$ates is reco#nised prospectivel' in the current and future periods.

(3)

2i0ed (ssets) 2i0ed assets (whether Tan#ible or +ntan#ible) are stated at cost less accu$ulated depreciationAa$ortisationA i$pair$ent loss (if an')" net of =odvat A Cenvat (wherever clai$ed). The cost of fi0ed assets includes ta0es" duties" frei#ht" borrowin# cost" if capitalisation criteria are $et" and other incidental e0penses incurred in relation to their ac1uisitionAbrin#in# the assets for their intended use. Spares which can be used onl' in connection with a particular %lant E =achiner' of the Co$pan' and use is e0pected to be irre#ular" are capitalised at cost net of CenvatA=odvat (wherever clai$ed) 2i0ed (ssets held for disposal are stated at lower of net booB value and net realisable value and disclosed separatel' in the financial state$ents under other current assets. &osses arisin# fro$ the retire$ent of and #ains A losses arisin# fro$ disposal of fi0ed assets which are carried at cost are reco#nised in the State$ent of %rofit and &oss.

(4)

E0penditure durin# construction period) E0penditureA+nco$e" durin# construction period is included under Capital 5orB in %ro#ress and the sa$e is allocated to the respective fi0ed assets on the co$pletion of their construction.

(5)

6orrowin# Costs) 6orrowin# costs that are attributable to the ac1uisition or construction of a 1ualif'in# asset are capitalised as part of the cost of such asset till such ti$e the asset is read' for its intended use. ( 1ualif'in# asset is an asset that necessaril' taBes a substantial period of ti$e to #et read' for its intended use. (ll other

borrowin# costs are reco#nised as an e0pense in the period in which the' are incurred.
UltraTech Cement Limited

,,<

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

Annual Report 2012-2013

NOTES (Contd.) 6orrowin# cost consists of interest e0pense and other financial costs incurred in connection with borrowin# of funds. The difference between the face value and the issue price of Discounted Value Non Convertible Debentures" bein# in the nature of interest" is char#ed to the State$ent of %rofit and &oss" on a co$pound interest basis deter$ined with reference to the 'ield inherent in the discount.

(6)

Depreciation and ($ortisation) Depreciation is provided on strai#ht line basis at the rates and in the $anner prescribed in Schedule *+V to the Co$panies (ct" ,-./ e0cept for so$e assets which are at hi#her rates conse1uent to $ana#e$ent esti$ate of the useful life of the sa$e" as stated under) No. , : 7 ; . / < > 2i0ed (sset 4oads" Culverts" 5alls" 6uildin#s etc." within factor' pre$ises Co$puters and Office E1uip$ent 2urniture and 2i0tures =obile %hones Co$pan' Vehicles (other than those provided to the e$plo'ees) =otor Cars #iven to the e$plo'ees as per the Co$pan'!s Sche$e &easehold &and and =inin# &ease (ssets not owned b' the Co$pan' E0penditure incurred on ?ett' 3seful life of the assets :. 78 9ears ; 9ears / < 'ears 7 'ears . 9ears Sche$e %eriod %eriod of the &ease (s per period specified in the a#ree$ent" else . 'ears Over the period of the relevant a#ree$ent such that the cu$ulative a$ortisation is not less than the cu$ulative rebate availed b' the Co$pan'. 4ates prevailin# at the ti$e of ac1uisition 7 ; 'ears (llocated on S'ste$atic basis over the useful life of related fi0ed assets

,8 ,, ,:

(ssets ac1uired up to Septe$ber 78" ,->< Software Spares which are capitalised

Depreciation on additions is provided on a pro-rata basis fro$ the $onth of installation or ac1uisition and in case of %ro@ects fro$ the date of co$$ence$ent of co$$ercial production. Depreciation on deductionsA disposals is provided on a pro rata basis upto the $onth precedin# the $onth of deductionAdisposal.

(7)

+$pair$ent of (ssets) The carr'in# a$ount of assets are reviewed at each balance sheet date" if there is an indication of i$pair$ent based on internal and e0ternal factors. (n asset is treated as i$paired when the carr'in# cost of the asset e0ceeds its recoverable a$ount. (n asset!s recoverable a$ount is the hi#her of an assets net sellin# price and value in use. Value in use is the present value of esti$ated future cash flows e0pected to arise fro$ the continuin# use of an asset and

,,>

UltraTech Cement Limited

Annual Report 2012-2013

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

NOTES (Contd.) fro$ its disposal at the end of its useful life. Net sellin# price is the a$ount obtainable fro$ sale of the asset in an ar$!s len#th transaction between Bnowled#eable" willin# parties" less the costs of disposal. (n i$pair$ent loss" if an'" is char#ed to the State$ent of %rofit and &oss in the 'ear in which the asset is identified as i$paired. +$pair$ent loss reco#nised in prior 'ears is reversed when there is an indication that i$pair$ent loss reco#nised for the asset no lon#er e0ists or has decreased.

(8)

2orei#n Currenc' Transactions)

1) 2) 3)

Transactions deno$inated in forei#n currenc' are recorded at the e0chan#e rate prevailin# on the date of the transaction. =onetar' assets and liabilities deno$inated in forei#n currenc' at the balance sheet date are translated at the 'ear end rates. +n respect of forward e0chan#e contracts" pre$iu$ or discount" bein# the difference between the forward e0chan#e rate and the e0chan#e rate at the inception of contract is reco#nised as e0pense or inco$e over the life of the contract.
E0chan#e difference includin# pre$iu$ or discount on forward e0chan#e contracts" relatin# to borrowed funds" liabilities and co$$it$ents in the forei#n currenc' for ac1uisition of fi0ed assets" arisin# till the assets are read' for their intended use" are ad@usted to cost of fi0ed assets. (n' other e0chan#e difference either on settle$ent or translation is reco#nised in the State$ent of %rofit and &oss.

4) (9)

+nvest$ent in e1uit' capital of co$panies re#istered outside +ndia are carried in the 6alance Sheet at the rates at which transactions have been e0ecuted.

Derivatives) 2inancial Derivative +nstru$ents Derivative instru$ents are used to hed#e risB associated with forei#n currenc' fluctuations and interest rates. The derivative contracts are closel' linBed with the underl'in# transactions and are intended to be held till $aturit'. These are accounted on the date of their settle$ent and realised #ainAloss in respect of settled contracts is reco#nised in the State$ent of %rofit and &oss. Co$$odit' Ced#in# The realised #ain or loss in respect of co$$odit' hed#in# contracts" the pricin# period of which has e0pired or contracts cancelled durin# the 'ear" are reco#nised in the State$ent of %rofit and &oss. Cowever" in respect of contracts" the pricin# period of which e0tends be'ond the 6alance Sheet date" suitable provision for liBel' loss" if an'" is $ade in the accounts.

(10)

+nvest$ents) +nvest$ents" that are intended to be held for not $ore than one 'ear" are classified as current invest$ents. (ll other invest$ents are classified as lon# ter$ invest$entsAnon current invest$ents. &on# ter$ invest$ents are carried at cost after deductin# provisions $ade" if an'" for di$inution in value of invest$ents other than te$porar'" deter$ined separatel' for each individual invest$ent. Current invest$ents are carried at lower of cost and fair value deter$ined for each cate#or' of invest$ents.

(11)

+nventories) +nventories are valued as follows)

1)

4aw $aterial" fuel" stores E spare parts and pacBin# $aterials) Valued at lower of cost and net realisable value (N4V). Cowever" these ite$s are considered to be realisable at cost" if the finished products" in which the' will be used" are e0pected to be sold at or above cost. Cost is deter$ined on wei#hted avera#e basis.

2)

5orB in pro#ress (5+%)" finished #oods" stocB in trade and trial run inventories)

Valued at lower of cost and N4V. 2inished #oods and 5+% cost includes cost of conversion and other costs incurred in brin#in# the inventories to their present location and condition. Cost of inventories is co$puted on wei#hted avera#e basis
UltraTech Cement Limited

,,-

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

Annual Report 2012-2013

NOTES (Contd.)

3)

5aste A Scrap is valued at N4V Net realisable value is the esti$ated sellin# price in the ordinar' course of business" less the esti$ated costs of co$pletion and the esti$ated costs necessar' to $aBe the sale.

(12)

E$plo'ee 6enefits)

1) 2)

Short ter$ e$plo'ee benefits Short ter$ e$plo'ee benefits are reco#nised as an e0pense on accrual basis. Defined Contribution %lan Contributions pa'able to reco#nised provident fund and approved superannuation sche$e" which are substantiall' defined contribution plans" are reco#nised as e0pense in the State$ent of %rofit and &oss" as the' are incurred. Contributions as specified b' law are paid to the provident fund set up as irrevocable trust. The Co$pan' is #enerall' liable for annual contribution and an' shortfall in the fund assets based on the #overn$ent specified $ini$u$ rates of return and reco#nises such contribution and shortfall" if an'" as an e0pense in the 'ear incurred.

3)

Defined 6enefit %lan The obli#ation in respect of defined benefit plans" which cover Fratuit'" %ension and %ost retire$ent $edical benefits" are provided for on the basis of an actuarial valuation" usin# the pro@ected unit credit $ethod" at the end of each financial 'ear. Fratuit' is funded with an approved fund. (ctuarial #ainsA losses" if an'" are reco#nised i$$ediatel' in the State$ent of %rofit and &oss. Obli#ation is $easured at the present value of esti$ated future cash flows usin# a discount rate that is based on the prevailin# $arBet 'ields of Fovern$ent of +ndia securities as at the 6alance Sheet date for the esti$ated ter$ of the obli#ations.

4)

Other &on# ter$ 6enefits &on# ter$ co$pensated absences are provided for on the basis of an actuarial valuation" usin# the pro@ected unit credit $ethod" at the end of each financial 'ear. (ctuarial #ainsAlosses" if an'" are reco#nised i$$ediatel' in the State$ent of %rofit and &oss.

5) (13)

%resentation of Non funded obli#ation of defined benefit plans and other lon# ter$ benefits" as lon# ter$ and short ter$ liabilit' is on the basis of actuar'!s report.

E$plo'ee Share based pa'$ents) The Co$pan' follows intrinsic value $ethod for valuation of E$plo'ee StocB Options. +n accordance with the SE6+ (E$plo'ee StocB Option Sche$e and E$plo'ee StocB %urchase Sche$e) Fuidelines" ,--- and the Fuidance Note on (ccountin# for E$plo'ee Share based pa'$ents" issued b' the +nstitute of Chartered (ccountants of +ndia. The e0cess of $arBet price of shares at the ti$e of #rant of options" over the e0ercise price to be paid b' the option holder is considered as e$plo'ee co$pensation e0pense and is a$ortised in the State$ent of %rofit and &oss over the period of vestin#" ad@ustin# for the actual and e0pected vestin#.

(14)

+nco$e Ta0es) +nco$e Ta0 e0penses co$prise current ta0 and deferred ta0 char#e or credit. Current Ta0 is $easured on the basis of esti$ated ta0able inco$e for the current accountin# period in accordance with the provisions of the +nco$e ta0 (ct" ,-/,. Deferred Ta0 reflects the i$pact of ti$in# difference between accountin# inco$e and ta0able inco$e

durin# the current 'ear and reversal of ti$in# differences for the earlier 'ears. Deferred ta0 char#e or credit and correspondin# deferred ta0 liabilities or assets are $easured usin# the ta0 rates and laws

,:8

UltraTech Cement Limited

Annual Report 2012-2013

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

NOTES (Contd.) enacted or substantivel' enacted as on the balance sheet date. Deferred ta0 assets are reco#nised and carried forward onl' to the e0tent that there is reasonable certaint'" e0cept for carried forward losses and unabsorbed depreciation which is reco#nised based on virtual certaint'" that the assets will be realised in future.

(15)

4evenue 4eco#nition) 4evenue is reco#nised to the e0tent that it is probable that the econo$ic benefit will flow to the Co$pan' and the revenue can be reliabl' $easured.

1) 2) 3)

Sales are reco#nised on transfer of si#nificant risBs and rewards of ownership of the #oods to the bu'er. Sales are net of Sales Ta0" V(T" trade discounts" rebates and returns but include e0cise dut'. +nco$e fro$ services is reco#nised as the' are rendered" based on a#ree$entAarran#e$ent with the concerned parties. Dividend inco$e is accounted for when the ri#ht to receive the inco$e is established. +nterest inco$e is reco#nised on ti$e proportion basis taBin# into account the a$ount outstandin# and the rate applicable. E0port incentives" insurance" railwa' and other clai$s" where 1uantu$ of accruals cannot be ascertained with reasonable certaint'" are accounted on acceptance basis.

4) (16)

=ines 4estoration E0penditure) The Co$pan' provides for the esti$ated e0penditure re1uired to restore 1uarries and $ines. The total esti$ate of restoration e0penses is apportioned over the esti$ate of $ineral reserves and a provision is $ade based on $inerals e0tracted durin# the 'ear. The total esti$ate of restoration e0penses is reviewed periodicall'" on the basis of technical esti$ates.

(17)

%rovisions" Contin#ent &iabilities and Contin#ent (ssets) %rovisions are reco#nised when there is a present obli#ation as a result of past events and it is probable that an outflow of resources will be re1uired to settle the obli#ation" in respect of which a reliable esti$ate can be $ade. These are reviewed at each 6alance Sheet date and ad@usted to reflect the current best esti$ate. ( present obli#ation that arises fro$ past events where it is either not probable that an outflow of resources will be re1uired to settle or a reliable esti$ate of the a$ount cannot be $ade" is disclosed as a contin#ent liabilit'. Contin#ent liabilities are also disclosed when there is a possible obli#ation arisin# fro$ past events" the e0istence of which will be confir$ed onl' b' the occurrence or non occurrence of one or $ore uncertain future events not wholl' within the control of the Co$pan'. Clai$s a#ainst the Co$pan' where the possibilit' of an' outflow of resources in settle$ent is re$ote" are not disclosed as contin#ent liabilities. Contin#ent &iabilities are not reco#nised but are disclosed and Contin#ent (ssets are neither reco#nised nor disclosed" in the financial state$ents.

(18)

Earnin#s %er Share) The basic Earnin#s %er Share (GE%SH) is co$puted b' dividin# the net profit A (loss) after ta0 for the 'ear attributable to the e1uit' shareholders b' the wei#hted avera#e nu$ber of e1uit' shares outstandin# durin# the 'ear. 2or the purpose of calculatin# diluted earnin#s per share" net profit A (loss) after ta0 for the 'ear attributable

to the e1uit' shareholders and the wei#hted avera#e nu$ber of e1uit' shares outstandin# durin# the 'ear is ad@usted for the effects of all dilutive potential e1uit' shares.
UltraTech Cement Limited

,:,

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

Annual Report 2012-2013

NOTES (Contd.)

(19)

Fovern$ent Frants and Subsidies)

1) 2) 3) (20)

Fovern$ent #rants and subsidies are reco#nised when there is reasonable assurance that the Co$pan' will co$pl' with the conditions attached thereto and that the #rants will be received. Capital Fovern$ent Frants or Subsidies relatin# to specific fi0ed assets are deducted fro$ the #ross value of the respective fi0ed assets and other capital #rants are credited to Capital 4eserve. Other Fovern$ent Frants or Subsidies relatin# to an e0pense ite$ are reco#nised as inco$e over the period to $atch the$ on a s'ste$atic basis to the costs or deducted fro$ related e0penses.

Se#$ent 4eportin# %olicies) %ri$ar' Se#$ent is identified based on the nature of products and services" the different risBs and returns and the internal business reportin# s'ste$. Secondar' se#$ent is identified based on #eo#raph' in which $a@or operatin# divisions of the Co$pan' operate.

(21)

4esearch and develop$ent e0penditure) 4evenue e0penditure on research and develop$ent is e0pensed as incurred. Capital e0penditure incurred on research and develop$ent is capitalised as fi0ed assets and depreciated in accordance with the depreciation polic' of the Co$pan'.

(22)

Operatin# lease) &eases where si#nificant portion of the risBs and rewards of ownership are retained b' the lessor are classified as operatin# leases and lease rentals thereon are char#ed to the State$ent of %rofit and &oss.

(23)

Current A Non Current) (ll assets and liabilities are presented as Current or Non current as per the Co$pan'!s nor$al operatin# c'cle and other criteria set out in the revised Schedule V+ of the Co$panies (ct" ,-./. 6ased on the nature of products and the ti$e between the ac1uisition of assets for processin# and their realisation" the Co$pan' has ascertained its operatin# c'cle as ,: $onths for the purpose of Current A Non current classification of assets and liabilities.

(24)

Cash and Cash E1uivalents) Cash and cash e1uivalents for the purpose of Cash 2low State$ent includes cash in hand" 6alances with 6anBs and 2i0ed deposits with banBs.

(25)

Foodwill) Foodwill arisin# out of consolidation of financial state$ents of Subsidiaries and ?oint Ventures is not a$ortised. Cowever the sa$e is tested for i$pair$ent at each 6alance Sheet date.

,::

UltraTech Cement Limited

Annual Report 2012-2013

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

NOTES (Contd.) NOTE : SC(4E C(%+T(& (s at =arch 7," :8,7 I in Crores (s at =arch 7," :8,:

(uthorised :>8.88 :>8"888"888 E1uit' shares of I ,8 each :>8.88 (%revious 'ear :>8"888"888) +ssued" Subscribed and 2ull' %aid up :<;.,> :<;",<-"-,< E1uit' shares of I ,8 each full' paid up. :<;.8< (%revious 9ear :<;"8/."78,) Note :.,) The ulti$ate holdin# Co$pan'" Frasi$ +ndustries &i$ited (F+&) holds ,/."77.",.8 shares of I ,8 each" of which -<",;:">./ E1uit' Shares of I ,8 each allotted to F+& in ter$s of the Sche$e of ($al#a$ation of SC& with the Co$pan' are locBed in for a period of 7 'ears fro$ the date of allot$ent i.e. (u#ust :/" :8,8. NOTE 7 4ESE4VES (ND S34%&3S
(s at =arch 7," :8,7 %articulars Capit al 4eser ve Cash Subsi d' 4eser ve Debenture 4ede$ptio n 4eserve Fener al 4eser ve Securitie s %re$iu$ (ccount Share Options Outstandin # (ccount M 2orei#n E0chan#e Translatio n 4eserve T Surplus as per State$e nt of %rofit and &oss :"<-7.< ; :"/<<.< 7 (:"78-.7 /) (:>>.<8) :..7 : Capit al 4eser ve ,,"><7. 7, Fener al 4eser ve :"><7.; , Total

Openin# 6alance (dditions durin# the 'ear Deductions durin# the 'ear %roposed dividend (includin# Corporate Dividend Ta0) Closin# 6alance (s at =arch 7," :8,: %articulars

:..7 :

8.,8

,:;.77>.,, (:>.<.)

-".<7. 7, :"788. 88

;.,: ,8.8.N

..8.

:;.7: <.><

(,.>-)

,:"..8. 7. ."877. </ (:"7;8. 88) (:>>.< 8) ,;"-... ;,

8.,8

,77.<.

,;.,< Securitie s %re$iu$ (ccount

7.,/

7:.,-

Cash Subsi d' 4eser ve

Debenture 4ede$ptio n 4eserve

Share Options Outstandin # (ccount M

2orei#n E0chan#e Translatio n 4eserve T

Surplus as per State$e nt of %rofit and &oss :"<<7.> 8 :";87.: / (:",:>.. 8) (:.;.>:)

Total

Openin# 6alance (dditions durin# the 'ear Deductions durin# the 'ear %roposed dividend (includin# Corporate Dividend Ta0) Closin# 6alance

:..7 :

8.,8

,-..>:>..8 (,88.88)

<"7<7. 7, :":88. 88

:.8, :.,,N

;.<> 8.:<

(:./.) :/.-<

,8"7<:. ./ ;"//,. ,, (:"::>. .8) (:.;.> :) ,:"..8. 7.

:..7 :

8.,8

,:;.7-

-".<7. 7,

;.,:

..8.

:;.7:

:"<-7.< ;

N On account of E$plo'ees StocB Options e0ercised durin# the 'ear. M Net of Deferred E$plo'ees Co$pensation E0penses I 8.;< Crore (%revious 9ear I 8.<8 Crore).

T E0chan#e Translation 4eserve has been created for E0chan#e variation in Openin# E1uit' Share Capital and 4eserves and Surplus of 3ltraTech Ce$ent &anBa (%vt.) &td" 3ltraTech Ce$ent =iddle East +nvest$ents &td and %T 3ltraTech =inin# +ndonesia.

UltraTech Cement Limited

,:7

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

Annual Report 2012-2013

NOTES (Contd.) NOTE ; &ONF TE4= 6O44O5+NFS %articulars I in Crores =aturit' of 6orrowin#sN (s at =arch 7," :8,: ,,..88 7,.:< 7,.:<

&on# Ter$ (s at =arch 7," :8,7 (s at =arch 7," :8,: .:7./7 -::..< ;.8.88 ,"7<:..< ,<.-8 ,"-,;.,8

Current &on# Ter$ (s at =arch 7," :8,7 7:;.-8 ,>7.<; ,>7.<;

Secured) Non Convertible Debentures Ter$ &oans fro$ 6anBs) +n 2orei#n Currenc' +n &ocal Currenc' Sales Ta0 Defer$ent &oan

;.8.88 >.8.,, ;.8.88 ,"788.,, :,.,; ,"<<,.:.

.8>./;

,;/.:<

3nsecured) Ter$ &oans fro$ 6anBs) +n 2orei#n Currenc' Sales Ta0 Defer$ent &oan

7"8;/..7 7.,.:>

:".87.:, ;:/.88

7;>.,>-.87 ;7<.:: -;..>/

,77.// /:.>7 ,-/.;7;:.</

7"7-<.>, :"-:-.:, .",/-.8/ ;">;7.7, N ($ount disclosed under the head GOther Current &iabilitiesH (Note ,8) NOTE . DE2E44ED T(* &+(6+&+T+ES (Net) %articulars Deferred Ta0 ((ssets) A &iabilities as at (pril 8," :8,: Deferred Ta0 (ssets) %rovision allowed under ta0 on pa'$ent basis (,;..;8) (,;..;8) Deferred Ta0 &iabilities) (ccu$ulated Depreciation %a'$ent allowed under ta0 not e0pensed in booBs ,">>/.;-

Current 9ear Char#e

Deffere0 Ta0 ((sstes) A &iabilities as at =arch 7," :8,7 (,/<.>.) (,/<.>.) :"8<<..8 (8.,8)

(::.;.) (::.;.) ,-,.8, (8.,8)

,">>/.;,-8.-, :"8<<.;8 Net Deferred Ta0 &iabilit' ,"<;,.8,/>.;/ ,"-8-... Deferred Ta0 benefits are reco#nised on assets to the e0tent that it is $ore liBel' than not" future ta0able profit will be available a#ainst which the asset can be utilised. Note ..,) Current 'ear char#e durin# the 'ear includes I >/./7 crores on account of increase in rate of surchar#e on +nco$e ta0 as proposed in 2inance 6ill :8,7.

NOTE / OTCE4 &ONF TE4= &+(6+&+T+ES %articulars (s at =arch 7," :8,7 ,.>, (s at =arch 7," :8,: :.;8

Trade %a'ables (other than =icro" S$all E =ediu$ Enterprises)

,:;

UltraTech Cement Limited

Annual Report 2012-2013

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

NOTES (Contd.) NOTE < %4OV+S+ONS %articulars &on# Ter$ (s at (s at =arch 7," :8,7 2or E$plo'ee 6enefits 2or =ines 4estoration E0penditure 2or Cost of (ssets transferred 2or Ta0 (net of (dvance Ta0) 2or %roposed Dividend 2or Corporate Dividend Ta0 ,7;..,:8.-/ ,:>.-: ../< =arch 7," :8,: ,,..8..>< Short (s at =arch 7," :8,7 :/.;:./; ,<:..; ;.>.-:;/.</ ;,.-; -;-.7/ I in Crores Ter $ (s at =arch 7," :8,: :,.<8 7..8 ,<:..; :./..> :,-.:. 7...< <8-.,;

Note <.,) =ove$ent of provisions durin# the 'ear as re1uired b' (ccountin# Standard :- G%rovisions" Contin#ent &iabilities and Contin#ent (ssetH notified under the Co$panies ((ccountin# Standard) 4ules" :88/ (as a$ended)) ( a ) =ines 4estoration E0penditure) Openin# 6alance (dd) %rovision durin# the 'ear &ess) 3tilisation durin# the 'ear Closin# 6alance ( b ) %rovision for Cost of Transfer of (ssets) Openin# 6alance (dd) %rovision durin# the 'ear &ess) 3tilisation durin# the 'ear Closin# 6alance NOTE > SCO4T TE4= 6O44O5+NFS Secured) &oans repa'able on de$and) 2ro$ 6anBs Cash Credits A 5orBin# Capital 6orrowin#s (Secured b' C'pothecation of StocBs and 6ooB Debts of the Co$pan') 3nsecured) 2ro$ 6anBs 2ro$ Others <-7.>8 -.7, >87.,, ,"::<.7. .;/.7-.<< ../.,/ <8;./,;./8 ,7.8; ,<:..; (:,.>7) ,<:..; ,<:..; ,-;.7< -.7< :.,8 (7.,/) >.7, -.7> :.,< (:.,>) -.7<

;8-./; ;:;.:;

,7..;,;>..7

UltraTech Cement Limited

,:.

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

Annual Report 2012-2013

NOTES (Contd.) %articulars (s at =arch 7," :8,7

I in Crores (s at =arch 7," :8,:

NOTE T4(DE %(9(6&ES Due to =icro" S$all E =ediu$ Enterprises (To the e0tent identified with available infor$ation) Others NOTE ,8 OTCE4 C344ENT &+(6+&+T+ES Current $aturities of lon# ter$ debt (4efer Note ;) +nterest (ccrued but not due on 6orrowin#s +nvestor Education and %rotection fund" will be credited with followin# a$ounts (as and when due) 3npaid Dividends &iabilit' for Capital Foods Others (includin# Securit' and other Deposits" (dvances fro$ Custo$ers" etc.)

8..: :"77<.77 :"77<.>.

8.,, :":8/.<7 :":8/.>;

-;..>/ >/.;,

7;:.</ <:...

7.-, ,-7.;> ,"7::.>> :"..:..;

:.-7 7<.8, ,":77.7> ,"/>>./7

NOTE ,, 2+*ED (SSETS


%articulars (s at (pril , :8,: Tra ns ferr ed fro $ FS 3 Oth er (d@ ust $e nts &and 6uildin#s 4ailwa' Sidin#s %lant and E1uip$ent Own Fiven on &ease 8./ 8 8., Office E1uip$ent 2urniture and 2i0tures
(() Depreciation and ($ortisation for the 'ear (dd) Obsolescence &ess) Depreciation transferred to %re operative E0penses Depreciation as per State$ent of %rofit and &oss

(2)

(() Tan#ible (ssets &and) 2reehold &and &easehold ,",>/.; < ,88.7/ :.> < 8.;

,. 2i0ed (ssets include assets costin# I :<-.,: Crores (%revious 9ear I :.<.7/ Crores) not owned b' the Co$pan'.

2. The

title deeds of so$e of the i$$ovable properties transferred pursuant to the Sche$e of (rran#e$ent with Sa$ruddhi Ce$ent &i$ited are 'et to be transferred in the na$e of the Co$pan'.

,:/

UltraTech Cement Limited

Annual Report 2012-2013

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

NOTES (Contd.) 2+*ED (SSETS (Contd.)


%articulars Oth er (d@u st $en ts Fross 6l oc B Depreciation and Othe r (d@u st $ent s ($ortisati on 2or the 'ear Deduct tionsA (d@ust $ents ( s a t =arch 7," :8,: I in Crores Net 6locB

(s at (pril 8," :8,,

(ddi tions

Deduct tionsA (d@ust $ents

(s at =arch 7," :8,:

(s at (pril 8," :8,,

(s at =arch 7," :8,:

(() Tan#ible (ssets & a n d 2reehold &and &easehold &and 6uildin#s 4ailwa' Sidin#s %lant and E1uip$ent Own Fiven on &ease Office E1uip$ent 2urniture and 2i0tures ? et t' Vehicles Total Tan#ible (ssets (6) +ntan#ible (ssets Software =inin# 4i#hts T ot al +ntan#ible (ssets Total ((Q6) .,.7< 7>.7< >-.<; ,-"8<<.7 / ,..,7>. >> ,,.;7 ,"7:.. // 8.8> <:..: ,..,,.;7 8.8> /;.7, 7>.7< ,8:./> :8";/-. 7> ;8./; ,8.7> .,.8: /"<<;. 8> ,.::-./8 ,.:-.8> ,.8; ,8., : -;>. -> 8.8/ .:.>7 8.8/ .8.-. ,,.;: /:.7< <"/--. >7 ,7.7/ :/.-. ;8.7, ,:"</... ,."-7,./ ...;7 ,<,.,/ ,8,.8. (8.8 ,) ,.>::.-> :8.8/ ,8.;, :.8,:>. 7: >8/.7 .:.,7 ,/">,;. .; ...;7 ,>7.<: ,:8.-, .">-:. -/ 7>./. ,:;.<. <,... (8.8,) ,.:; :..8: >7-. .> :.<. ,<.< > -.>. 7:.7, /"<:.. :. ;,.;8 ,7:.; / >8./, ,8"8>.:,;.87 .,.:/ ;8.78 -78.>, ><.-> ,":-,..> :-:.77 8.7> (8.8 :) /.78 :...: > ,:.;: ,/-.8 8 ,/.>7 8.8: ..;> ,",>/.; < ,88.7/ ,";/,.; 8 78-.,/ ::.7/ 7:7.,; ,;-.-, (8.8,) ,.<; /.<. 7-.: ; ,7.> 8.8, ;.,. :-.87.-.< ,/7.> 8 ,",>/. ;< <,.:< ,",8,. ;7 ,;..7/

,8.8/ :.87

</./7 ;>./,>"-><./ : 8.;7 ,7<. :,,.:< ,"7,;. :7

(7.-<) /.:> <:.;;

>8./8 .;.,, :8"7//. <8

</.,/ :7..> /"<:7. 8/ 8.77 :>.7,

,./; <.7> -7>. >/

(8.77) ;..; .:.<<

<>.,7 :/.<. <"/7<. ;/

:.;< :<.7/ ,:"<:.:;

NOTE ,: NON C344ENT +NVEST=ENTS (Valued at cost" unless stated otherwise) %articulars (s at =arch 7," :8 ,7 (s at =arch 7," :8, :

Ruoted Other +nvest$ents) (&on# ter$) 2ace value of I ,"888 each National Ci#hwa's (uthorit' of +ndia Ta0 2ree 6ond Series , >.:8J :8:: (No. of 6onds ->">-.) %ower 2inance Corporation &i$ited Ta0 2ree 6ond Series , >.:8J :8:: (No. of 6onds ./"-.>) +ndian 4ailwa' 2inance Corporation &i$ited Ta0 2ree 6ond Series >8 ( >.,8J :8:< (No. of 6onds ,8>"<.;) Cousin# and 3rban Develop$ent Corporation &i$ited

-.>..<8

-.>..<8

,8.> <

,8.> <

Ta0 2ree 6ond Series : >.:8J :8:< (No. of 6onds .88"88)

.8.8 8 </. ;/

.8.8 8 </.; /

3n1uoted) Oth er +nvest$ents E1u it' +nstru$ents) .8"888 E1uit' Shares of I ,8 each full' paid in (dit'a 6irla %orts &td. (%revious 9ear .8"888) <."888 E1uit' Shares of I ,8 each full' paid in 4a@ =ahal Coal =inin# &i$ited. (%revious 9ear Nil) %reference Shares) :"888"888 ;..J Cu$ulative Non Convertible 4edee$able %reference Shares of I ,88 each full' paid in (dit'a 6irla Cealth Services &i$ited. (%revious 9ear :"888"888) securitie Fovern$ent or trust s) I ;:"888" %revious 9ear I ;:"888 %led#ed as Securit' Deposit Debt Sche$es of Various =utual 2unds No. of units ,";<."-;;"88.P (%revious 9ear >87"---">:<)

8.8 . 8.8 >

8.8.

:8. 88

:8.8 8

,";>..88

>,8. 88 -8/. ., </.; / >78. 8. -8/. ., <..8 :

,".>,..(##re#ate 6ooB Value of) Ruoted +nvest$ents 3n1uoted +nvest$ents </. ;/ ,".8..,7

,".>,..>8. 7.

(##re#ate =arBet Value of Ruoted +nvest$ents

UltraTech Cement Limited

,:<

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

Annual Report 2012-2013

NOTES (Contd.) NOTE ,7 DE2E44ED T(* (SSETS (Net) %articulars I in Crores Deferred Ta0 (ssetsA (&iabilities) as at =arch 7," :8,7

Deferred Ta0 (ssetsA (&iabilities) as at (pril 8," :8,:

Current (Char# e)A Credit

Deferred Ta0 (ssets) %rovision allowed under ta0 on pa'$ent basis 3nabsorbed &osses 8.8> ::.>8 ::.>> Deferred Ta0 &iabilities) (ccu$ulated Depreciation (,..7>) (,..7>) Net Deferred Ta0 (sset <..8 (,.>8) (,.>8) 8.>> (,<.,>) (,<.,>) >.7> :./> :./> 8.8> :..;> :.../

Deferred Ta0 benefits are reco#nised on assets to the e0tent that it is $ore liBel' than not future ta0able profit will be available a#ainst which the asset can be utilised. NOTE ,; &O(NS (ND (DV(NCES %articulars &on# ter$ (s at =arch 7," :8,7 Secured" Considered #ood) &oan a#ainst Couse %ropert' (Secured b' wa' of title deeds) 3nsecured Considered #ood) Capital (dvances Securit' Deposit 6alance with Fovern$ent (uthorities >,..-8 ;-.,, ,<8.,8 ,":>-.87 .7.<> ,<,.7/ ,/-.>: 7:..8:;/.>; ,7>.,> (s at =arch 7," :8,: Short ter$ (s at =arch 7," :8,7 (s at =arch 7," :8,:

8.8/

8.8.

8.8,

8.8,

(dvances recoverable in cash or in Bind or for value to be received (dvance Ta0 (net of %rovision) &oans and advances to related parties (4efer Note ;:)

78.--

:-..,

.,:.:-

.7,./.

7>.<, :.,.

,::.<: ,.-8

,"8//.,8 Considered doubtful) (dvances recoverable in cash or in Bind considered doubtful &ess) %rovision for Doubtful (dvances ,"8//.,/

,".;7./>

,"8;>.8/

,"8;,.:-

8.:. (8.:.) ,".;7.<7 ,"8;>.8<

8.:. (8.:.) ,"8;,.78

,:>

UltraTech Cement Limited

Annual Report 2012-2013

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

NOTES (Contd.) I in Crores (s at =arch 7," :8,:

%articulars

(s at =arch 7," :8,7

NOTE ,. C344ENT +NVEST=ENTS OTCE4S ((t lower of cost and fair value) Ruoted) +nvest$ent in Fovern$ent Securities >.<-J FO+ (Fovern$ent of +ndia) :8:, 3n1uoted) 3nits of Debt Sche$es of Various =utual 2unds KNo. of 3nits :":/:"-/>"8<:P (%revious 'ear :".,>";--";;:)L (##re#ate 6ooB Value of) Ruoted +nvest$ents 3n1uoted +nvest$ents (##re#ate =arBet Value of Ruoted +nvest$ents Note ,..,) Current +nvest$ents include current portion of &on# ter$ invest$ents as per (ccountin# Standard ,7 G(ccountin# for +nvest$entsH notified under the Co$panies ((ccountin# Standard) 4ules :88/ (as a$ended) NOTE ,/ +NVENTO4+ES) (Valued at lower of Cost and net realisable value" unless otherwise stated) 4aw =aterials Kincludes in transit I ,;.;/ Crs" (%revious 'ear I :>.;7 Crs)L 5orB in pro#ress 2inished Foods Kincludes in transit I ;:..> Crs" (%revious 'ear I 7;..; Crs)L Stores E Spares Kincludes in transit I ..-7 Crs" (%revious 'ear I ;../ Crs)L 2uel Kincludes in transit I 7-.-8 Crs" (%revious 'ear I <..8/ Crs)L %acBin# =aterials Scrap (valued at net realisable value) NOTE ,< T4(DE 4ECE+V(6&ES Outstandin# for a period e0ceedin# si0 $onths fro$ the date the' are due for pa'$ent Secured" Considered #ood 3nsecured" Considered #ood Doubtful &ess) %rovision for doubtful receivables

,..:, 7",:/.-. 7",:/.-. :"/:..<7 :"/;8.-; ,..:, :"/:..<7 :"/;8.-; ,..:, :";,8.8,

7",:/.-. 7",:/.-. ,":/..88

7:,.;. ;.,.<8 7;-..< >>/.;; ;>8.-: ;7.,7 <.;/ :".;8./<

788.8; ;8>.87 :.>.-<.8.-7 ;7-.,8 7;.;; /.;7 :",-<.-/

:7.;. 7/.:. ,./8 /,.78 ,./8 .-.<8

>../ .<.<8 ,./8 /<.>/ ,./8 //.:/

Others) Secured" Considered #ood 3nsecured" Considered #ood

;,:./< -87.-: ,"7,/..,"7</.:-

7,-... <8:.-; ,"8::.;,"8>>.<.

UltraTech Cement Limited

,:-

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

Annual Report 2012-2013

NOTES (Contd.) %articulars (s at =arch 7," :8,7 I in Crores (s at =arch 7," :8,:

NOTE ,> C(SC (ND 6(NS 6(&(NCES Cash and Cash E1uivalents Cash on hand Che1ues on hand 6alance with banBs (Current (ccount) 8.-: >,.8, <;.7,./.7: Other 6anB 6alances Ear$arBed 6alance with 6anB for 3npaid Dividends 2i0ed Deposits with 6anBsN =aturit' $ore than 7 $onths but less than ,: $onths =aturit' $ore than ,: $onths :7.:/ ,.7, :;..< ,>;.<N I ,.8- Crore lod#ed as Securit' with Fovern$ent depart$ents. (%revious 9ear I ,.>- Crores) NOTE ,OTCE4 C344ENT (SSETS) ::..8 8..> :7.8> :,;.:7.-8 :.-: ,.7. 7-.<< ,;<.,< ,>>.: -

(ssets held for Disposal Others (includin# +nsurance Clai$ receivable" (ccrued +nterest" etc.)

8.8. ..-/ /.8,

8.,. >.;8 >...

%articulars

9ear ended =arch 7," :8,7

9ear ended =arch 7," :8,:

NOTE :8 S(&E O2 %4OD3CTS (ND SE4V+CES (F4OSS) Sale of %roducts Sale of Services NOTE :, OTCE4 O%E4(T+NF 4EVEN3ES Scrap Sales &ease 4ent +nsurance Clai$ .,.;: 8... ,..7. ;-.;7 8... :.:7 :7">:-.>: ::.7: :7">.:.,; :,"77/.7< ::.8, :,"7.>.7>

%rovision no lon#er re1uired 3nclai$ed Credit 6alances written bacB =iscellaneous +nco$e A 4eceipts

,:.7: ,8.,/ <7.,< ,/:.-<

7:.>>./: /,.:; ,.;.-/

,78

UltraTech Cement Limited

Annual Report 2012-2013

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

NOTES (Contd.) I in Crores

%articulars

9ear ended =arch 7," :8,7

9ear ended =arch 7," :8,:

NOTE :: OTCE4 +NCO=E +nterest +nco$e on Fovern$ent E Other Securities 6anB and Other (ccounts Dividend +nco$e on Current +nvest$ents =utual 2und %rofit on Sale of 2i0ed (ssets (net) %rofit on sale of Current +nvest$ents (net) Others NOTE :7 COST O2 4(5 =(TE4+(&S CONS3=ED Openin# StocB (dd) E0chan#e rate fluctuation on account of avera#e rate transferred to currenc' translation reserve %urchase and +ncidental E0penses &ess) E0chan#e rate fluctuation on account of avera#e rate transferred to currenc' translation reserve &ess) Closin# StocB NOTE :; %34CC(SES O2 STOCS +N T4(DE Fre' Ce$ent Others

,8.8> ,/.<: :/.>8 :/.:7 8.78 :;..8: ..:; 787..-

:..7 >.;> ,,.8, 7,.;< 8./. :;-.>7 <<.>< 7<8.>7

788.8; 7.-: 7",.-.7. 7";/7.7, 8.,; 7:,.;. 7",;,.<:

:;,.;. ;.:< :"<...7> 7"88,.,8 (7.;:) 788.8; :"<8;.;>

,87.,, ,7>.<. :;,.>/

<7.>< ,87.;: ,<<.:-

NOTE :. CC(NFES +N +NVENTO4+ES O2 2+N+SCED FOODS" 5O4S +N %4OF4ESS (ND STOCS +N T4(DE Closin# +nventories

5orB in pro#ress 2inished Foods (dd A (&ess)) E0chan#e rate fluctuation on account of avera#e rate transferred to currenc' translation reserve

;.,.<8 7;..;; 8.8/ <-<.:8

;8>.87 :...;> (,..,) //:.88

Openin# +nventories 5orB in pro#ress 2inished Foods (dd) E0chan#e rate fluctuation on account of avera#e rate transferred to currenc' translation reserve (dd) Decrease A (+ncrease) in +nventories (dd) Decrease A (+ncrease) in E0cise Dut' on +nventories

;8>.87 :...;> ,.>; //..7. (,7,.>.) ,/./. (,,..:8)

;:7..< :/7.77 :..< />-.;< :<.;< 8.-7 :>.;8

UltraTech Cement Limited

,7,

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

Annual Report 2012-2013

NOTES (Contd.) %articulars NOTE :/ E=%&O9EE 6ENE2+TS E*%ENSE Salaries" 5a#es and 6onus Contribution to %rovident and Other 2unds E0penses on E$plo'ees StocB Options Sche$e Staff 5elfare E0penses NOTE :< 24E+FCT (ND 2O45(4D+NF E*%ENSE On 2inished %roducts On ClinBer Transfer NOTE :> OTCE4 E*%ENSES Consu$ption of Stores" Spare %arts and Co$ponents Consu$ption of %acBin# =aterials 4epairs to %lant and =achiner' 4epairs to 6uildin#s 4epairs to Others +nsurance 4ent (includin# &ease 4ent) 4ates and Ta0es Directors! 2ees Directors! co$$ission (dvertise$ent Discount" Sales %ro$otion and Other Sellin# E0penses E0chan#e &oss (net) =iscellaneous E0penses NOTE :2+N(NCE COSTS +nterest E0pense) On 6orrowin#s Others Other 6orrowin# Cost &ess) 2inance Costs Capitalised NOTE 78 DE%4EC+(T+ON (ND (=O4T+S(T+ON E*%ENSE Depreciation Obsolescence 7,-.7 > .7.;/ 7<:.>; ,/.-/ (,7<.;/) :.:.7; :;/... ;>.>. :-..;8 ,>.-/ (.<.-;) :./.;: 9ear ended =arch 7," :8,7 I in Crores 9ear ended =arch 7," :8,:

>-;.<< <;./. 8.7/ <:.-, ,"8;:./-

<//.,; /:.,/ 8.>7 /8.:: >>-.7.

7">8/./;7/..> ;":;7.:<

7"777.., ;8<.-; 7"<;,.;.

/:>.8< /::./< :;8.-; ;..:8 >..87 7>./8 -..., ,,-.:; 8.,: 78.88 ,;:./8 <-..,/ 8..> ;>8.-> 7"7:;.<8

.;<.-< ..-.>7 :8,.,> ;8.,< />.:7 :-.<: >7..,8..,. 8.,7 :..88 ,:<.-. />,.</ 7.<;::.>7 :">-<.78

,"8,,.-: ,,.;. ,"8:7.7<

-;<.8; ,..>< -/:.-,

,7:

UltraTech Cement Limited

Annual Report 2012-2013

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

NOTES (Contd.) Note 7, %rinciples of Consolidation)

1)

The Consolidated 2inancial State$ents (C2S) are prepared on the followin# basis in accordance with (ccountin# Standard on GConsolidated 2inancial State$entsH ((S U :,)" and G2inancial 4eportin# of +nterest in ?oint VenturesH ((S U :<)" notified under the Co$panies ((ccountin# Standard) 4ules" :88/)

(1)

The financial state$ents of the Co$pan' and its subsidiar' co$panies are co$bined on a line b' line basis b' addin# to#ether the booB values of liBe ite$s of assets" liabilities" inco$e and e0penses" after eli$inatin# $aterial intra #roup balances and intra #roup transactions resultin# in unrealised profits or losses in accordance with (S :,. The difference between the costs of invest$ent in the subsidiaries" over the net assets as at the end of the financial 'ear i$$ediatel' precedin# the 'ear of ac1uisition of shares in the subsidiaries is reco#nised in the financial state$ents as Foodwill or Capital 4eserve as the case $a' be. The Co$pan'!s interest in ?ointl' Controlled Entities (?V!s) is consolidated on a proportionate consolidation basis b' addin# to#ether the proportionate booB values of assets" liabilities" inco$e and e0penses and eli$inatin# the unrealised profits A losses on intra #roup transactions in accordance with (ccountin# Standard ((S :<). (s far as possible" the consolidated financial state$ents are prepared usin# unifor$ accountin# policies for liBe transactions and other events in si$ilar circu$stances and appropriate ad@ust$ents are $ade to the financial state$ents of subsidiaries when the' are used in preparin# the consolidated financial state$ents that are presented in the sa$e $anner as the Co$pan'!s separate financial state$ents. The financial state$ents of the Co$pan'" its Subsidiaries and ?V!s used in the consolidation are drawn upto the sa$e reportin# date i.e. =arch 7," :8,7. Out of 2ourteen Subsidiaries incorporated outside +ndia" ten Subsidiaries financial state$ents have been included in the Consolidated financial State$ents" financial state$ents of the subsidiaries have been drawn up in accordance with the #enerall' accepted accountin# practices (F((%) as applicable to the Co$pan'. 2inancial State$ents of forei#n Subsidiaries have been re stated in +ndian 4upees considerin# the$ as non inte#ral part of the Froup!s operations and the resultant e0chan#e #ainA loss on conversion has been carried forward as Translation 4eserve. The Consolidated 2inancial State$ents (C2S) is co$prised of financial state$ents of 3ltraTech Ce$ent &i$ited" its Subsidiaries and its interest in ?V!s (Froup) as at =arch 7," :8,7" which are as under) J Shareholdin# and %o Votin# wer (s at (s at =arch =arch 7," 7," :8,7 :8,: ,88J >8J ,88J ,88J ,88J ,88J ,88J ,88J >8J ,88J ,88J ,88J ,88J ,88J

(2)

(3)

(4)

(5) (6)

(7)

Na$e of the Co$pan' Countr' of +ncorporation

(+) Subsidiar' Co$panies) (a) DaBshin Ce$ents &i$ited (b) 3ltraTech Ce$ent &anBa %rivate &i$ited (c) Carish Ce$ent &i$ited (d) %T 3ltraTech =inin# +ndonesia (e) %T 3ltraTech +nvest$ents +ndonesia (f) 3ltraTech Ce$ent S( (%T9) (#) 3ltraTech Ce$ent =iddle East +nvest$ents &i$ited (3C=E+&)

+ndia Sri &anBa +ndia +ndonesia +ndonesia South (frica 3(E

(h) (i)

Star Ce$ent Co. &&C" 3(EN Star Ce$ent Co. &&C" 4(SN 4as (l Shai$ah 3(E

3(E 3(E

>8J >8J

>8J >8J

UltraTech Cement Limited

,77

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

Annual Report 2012-2013

NOT ES

(Contd.) J Shareholdin# and %o Votin# wer (s at (s at =arch =arch 7," 7," :8,7 :8,: >8J >8J >8J >8J >8J >8J >8J >8J >8J ,88J V ,88J --J >8J ,88J V U U

Na$e of the Co$pan' Countr' of +ncorporation

(@) (l NaBhla Crusher &&C" 2u@airahN (B) (rabian Ce$ent +ndustr' &&CN" (bu Dhabi (l) (rabian Fulf Ce$ent Co 5.&.&N" 6ahrain ($) E$irates %ower Co$pan' &tdN." 6an#ladesh (n) E$irates Ce$ent 6an#ladesh &tdN." 6an#ladesh (o) 3ltraTech Ce$ent =oDa$bi1ue &i$itadaN." =oDa$bi1ue (p) Fotan &i$estone Shani@ 3d'o# %rivate &td (w.e.f. ?ul' :7" :8,:) (1) %T 3ltraTech Ce$ent +ndonesiaM (w.e.f. ?ul' ,/" :8,:) ( + + )

3(E 3(E 6ahrain 6an#ladesh 6an#ladesh =oDa$bi1ue +ndia +ndonesia

?oint Ventures) (a) =adanpur (North) Coal Co$pan' %rivate &i$ited (=NCC%&) (b) 6hasBarpara Coal Co. &i$ited (6CC&)

+ndia +ndia

,,.,<J ;<.7<J

,,.,<J ;<.7<J

N Subsidiaries of 3C=E+&. V -8J Share holdin# of 3C=E+&. M Subsidiar' of %T 3ltraTech +nvest$ents +ndonesia.

(2)

The effect of intra #roup transactions between the Co$pan' and its subsidiaries are eli$inated on consolidation.

Note 7: Notes on (ccounts of the financial state$ents of the Co$pan'" its Subsidiaries and its interest in ?oint Venture are set out in their respective financial state$ents. Note 77 U Foodwill on Consolidation) Foodwill represents the difference between the Froup!s share in the net worth of subsidiaries and the cost of ac1uisition at each point of ti$e of $aBin# the invest$ent in the subsidiaries. 2or this purpose" the Froup!s share of net worth is deter$ined on the basis of the latest financial state$ents prior to the ac1uisition after $aBin# necessar' ad@ust$ents for $aterial events between the date of such financial state$ents and the date of respective ac1uisition. Foodwill arisin# out of an ac1uisition of e1uit' staBe in a forei#n subsidiar' is translated at the closin# rate on each 6alance Sheet date as per (S ,, GThe Effects of Chan#es in 2orei#n E0chan#e 4atesH notified under the Co$panies ((ccountin# Standard) 4ules" :88/. 4eserves shown in the consolidated balance sheet represents the #roup!s share in the respective reserves of the Froup co$panies. Note 7; (a) Contin#ent &iabilities not provided for in respect of) Clai$s not acBnowled#ed as debts in respect of $atters in appeals (s at =arch 7," :8,7 I in Crores (s at =arch 7," :8,:

( a ) ( b ) (c) ( d ) ( e )

Sales ta0 liabilit' E0cise dut' 4o'alt' on &i$estone A =arl Custo$s Others

,;,.8, 7<;.7< :,-.78 :.8. 7::.--

,7:.>7 :>:.>; :88.;: :.>: ,-7./;

Cash outflows for the above are deter$inable onl' on receipt of @ud#$ents pendin# at various foru$sA authorities.

,7;

UltraTech Cement Limited

Annual Report 2012-2013

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

NOTES (Contd.) Note 7; (b) The Co$petition Co$$ission of +ndia (CC+) has vide its Order dated ?une :8" :8,:" upheld the co$plaint of the 6uilders! (ssociation of +ndia alle#in# cartelisation a#ainst certain ce$ent $anufacturin# co$panies includin# the Co$pan'. The CC+ has i$posed a penalt' of I ,,<..;- crores on the Co$pan'. The Co$pan' has filed an appeal a#ainst the Order before the Co$petition (ppellate Tribunal (CO=%(T)" the outco$e of which is awaited. The CO=%(T has directed that no coercive action be taBen in the $atter a#ainst the Co$pan'. Note 7; (c) The Co$pan' has issued Corporate #uarantees in favour of Fovern$ent (uthorities for its ?oint Ventures)

(1) (2)

=adanpur (North) Coal Co$pan' (%vt.) &td. (?V) I 7./. Crores (%revious 'ear I 7./. Crores) 6hasBarpara Coal Co$pan' &i$ited (?V) I ;.88 Crores (%revious 'ear I ;.88 Crores)

Note 7; (d) The Sri &anBan custo$s co$$enced an in1uir' alle#in# that dividends declared b' 3ltraTech Ce$ent &anBa %vt. &i$ited! (G3C&%&H) and re$itted to the Co$pan' represents part of settle$ent in respect of ce$ent i$ported b' 3C&%&P hence additional dut' is pa'able b' 3C&%&. The Sri &anBan Custo$s have not provided a basis for an' value to be attributed as alle#ed. The in1uir' was last held on =a' 78" :8,,. 3C&%& contends there is no basis to include dividends paid in the value of #oods i$ported and conse1uentl' intends to resist the aforesaid contention of the Custo$s at an' in1uir'. 3C&%& has also filed an application in the Court of (ppeal seeBin# inter alia to 1uash the aforesaid decision b' Sri &anBan Custo$s to hold the said in1uir' and both parties have filed their sub$issions in writin# before the Court and the $atter is now fi0ed for oral ar#u$ents on =a' 8>" :8,7. Note 7. The =inistr' of Te0tiles" vide its orders dated ?une 78" ,--< and ?ul' ," ,--- has deleted ce$ent fro$ the list of co$$odities to be pacBed in ?ute ba#s under the ?ute %acBa#in# (Co$pulsor' 3se in %acBin# Co$$odities) (ct ,-><. +n view of this" the Co$pan' does not accept an' liabilit' for non dispatch of ce$ent in ?ute ba#s in respect of earlier 'ears. Note 7/ U Capital and Other Co$$it$ents)

(1) (2)

Esti$ated a$ount of contracts re$ainin# to be e0ecuted on capital account and not provided for (net of advances) I ,"<;/./< Crores (%revious 9ear I :"--;./8 Crores). The Co$pan'!s Subsidiar'" 3ltraTech Ce$ent =iddle East +nvest$ents &i$ited (G3C=E+&H) and ET( Ce$ent Tradin# &&C (GET( Ce$entH) had entered into a Shareholder!s (#ree$ent (Gthe (#ree$entH) on Septe$ber 78" :8,8. +n ter$s of the (#ree$ent)

(1) (2) (3)


Note 7<

ET( Ce$ent has a put option to re1uire 3C=E+& to purchase fro$ it" all shares held in the Froup Co$panies as defined in the (#ree$ent. 3C=E+& has a call option to purchase fro$ ET( Ce$ent all of its shares in the Froup Co$panies durin# the period as provided in the (#ree$ent. The consideration for e0ercisin# the put and call options will be in accordance with the provisions of the (#ree$ent.

The Co$pan' has a coal blocB" allocated @ointl' with Electrother$ (+ndia) &i$ited (@oint venture partner)" in

6hasBarpara" Chattis#arh. Durin# the 'ear" the =inistr' of Coal" Fovern$ent of +ndia issued an order for de allocation of the coal blocB. The Co$pan' has filed a writ petition a#ainst the order and has obtained a sta'.
UltraTech Cement Limited

,7.

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

Annual Report 2012-2013

NOTES (Contd.) Note 7> The Co$pan' has entered into a Share %urchase (#ree$ent with the shareholders of Fotan &i$estone Shani@ 3d'o# %vt. &td (FS3) and has ac1uired FS3!s entire e1uit' staBe. Conse1uentl'" FS3 has beco$e a wholl' owned subsidiar' of the Co$pan' with effect fro$ ?ul' :7" :8,:. Note 7- Derivative +nstru$ents Outstandin#)

(1)

Derivatives for hed#in# currenc' and interest rates" outstandin# as on =arch 7," :8,7 are as under) in Crores Cross Currenc' 4upees 4upees 4upees 4upees 8.>8 8.7; 3SD 4upees 4upees :..<> ::.;.;4upees 4upees

1`

%articulars

%urpose

Currenc'

(s at =arch 7," :8,7 7.78 7.7. ,.-< 8.:: 8.>> 8.,. ;8.:> ,--<.>/

a.

2orward Contracts

E0ports +$ports 6u'ers Credit Others +$ports +$ports

3SD 3SD 3SD 3SD Euro Euro 3SD 3SD ?%9

(s at =arch 7," :8,: 8.:8 :.,. ,.,<

b.

Other Derivatives) i. Currenc' Option ii. Currenc' E +nterest 4ate Swap (C+4S) +$ports EC6N EC6N

1* (2)

EC6 E0ternal Co$$ercial 6orrowin#s

Derivatives for hed#in# South (frican Coal price risB (fro$ floatin# price to fi0ed price)" outstandin# as on =arch 7," :8,7 are as under) %urpose Ruantit' (s at (s at

%articulars

Ced#ed (=T) South (frican Coal 2i0ed %rice Swaps Ced#in# floatin# price risB Nil (%revious 9ear) ;.888)

Currenc'

=arch 7," :8,7

=arch 7, :8,:

3SD

8.;/

(3)

3n hed#ed 2orei#n Currenc' E0posure) Nil

Note ;8 E$plo'ee 6enefits (() Defined 6enefit %lans as per (ctuarial Valuation)

%articulars

(s at =arch 7," :8,7 %ost Fratuit' 4etire$ent %ensi 2und Oth on =edical ed ers 6enefits

Fratu it' 2unded Others

(s at =arch 7," :8,: %ost %ensi on 4etire$ent =edical 6enefits

(1)

Chan#e in defined benefit obli#ation Openin# 6alance of %resent value of Defined 6enefit Obli#ation (d@ust$ent of) Current Service Cost +nterest Cost (ctuarial &osses A(Fain) 6enefits %aid (d@ust$ent on account of e0chan#e difference Obli#ation durin# Current 'ear Closin# 6alance of %resent value of Defined 6enefit Obli#ation :;<.:7 8.// 8.78 ,<.;> 8..> :8<.8 / 8.;/ 8.,/ ,-.:; 8../ ,<.>: ,>.;, ,;.-: (,8.->) 8.87 8.8> 8.8> 8.8, 8./. 8.:(7.88) 8.8; 8.8: (8.8;) ,/.7,..;; (:.,8 ) (8... ) 8.8< 8.8/ 8.8, (8.8 .) 8.<, (8.,8) (7.88) 8.8; (8.8:) (8.87) :8<.8/ 8.;/ ,-.:; 8../ ,<<.> > 8.7< :,.;< 8..<

,7/

UltraTech Cement Limited

Annual Report 2012-2013

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

NOTES (Contd.) I in Crores


%articulars Fratuit' 4etire$ ent =edical 6enefits (ii ) Chan#e in 2air Value of (ssets Openin# 6alance of 2air Value of %lan (ssets (d@ust$ent of) 4eturn on %lan (ssets (ctuarial FainA(&osses) Contribution b' the e$plo'er 6enefits %aid Closin# 6alance of 2air Value of %lan (ssets (iii ) Net (sset A (&iabilit') reco#nised in the 6alance Sheet %resent value of Defined 6enefit Obli#ation 2air Value of %lan (sset Net (sset A (&iabilit') in the 6alance Sheet (iv ) E0penses reco#nised in the State$ent of %rofit and &oss Current Service Cost +nterest Cost E0pected 4eturn on %lan (ssets (ctuarial (Fain)A&osses Obli#ation durin# the 'ear Total E0pense (ddA(&ess)) Transferred toAfro$ %re operative E0penses Total e0penses char#ed to State$ent of %rofit and &oss (v ) The $a@or cate#ories of plan assets as a percenta#e of total plan Fovern$ent of +ndia Securities %ublic Sector 6onds +nsurer =ana#ed 2unds Others Total (ctuarial (ssu$ptions) Discount 4ate >J ,,..J >J >J >.;.J ,8..J >J >.;.J >..,J >.;.J (:;<.: 7) (,<.;>) (8..>) (:8<.8 /) :8<.8 . (8.8,) (8.;/) (,-.:;) (8../) :8<.8. ,/,., / 2unde d Other s (s at =arch 7," :8,7 %ost Fratuit' 4etire$en t =edical 6enefits (s at =arch 7," :8,: %ost

%ensio n 2unde d Other s

%ensio n

,/.;8 7./7 :-.>; (,8.->) :;..-;

7.88 (7.88)

8.8; (8.8;)

,:.<: :./7,.87 (8...) :8<.8 .

7.88 (7.88)

8.87 (8.87)

:;..-; (,.:-)

(,<.;>)

(8..>)

(8.;/)

(,-.:;)

(8../)

,<.>: ,>.;, (,/.;8) ,,.:7,.,: (8.<.) 78.7<

8.8> 8.8>

8./.

8.8;

8.8, 8.,<

8.:8.78 ,.:;

8.8: 8.8/

,/.7,..;; (,:.<: ) (;.<-) ,;.7: (8./>) ,7./;

8.8< 8.8/

8.<,

8.8;

8.8, 8.,;

(8.,8) 8.,/ 8.<<

(8.8:) 8.8:

8.,<

,.:;

8.8/

8.,;

8.<<

8.8:

--J ,J ,88J

N.(. N.(. N.(. N.(. N.(.

N.(. N.(. N.(. N.(. N.(.

N.(. N.(. N.(. N.(. N.(.

/J .J >>J ,J ,88J

N.(. N.(. N.(. N.(. N.(.

N.(. N.(. N.(. N.(. N.(.

N.(. N.(. N.(. N.(. N.(.

(vi )

E0pected 4eturn on %lan (ssets Turnover 4ate =ortalit'

>J ,J :J +ndian (ssure d &ives =ortalit ' (:88/ 8>) >J Staff /8 9rs 5orBer s .> 9rs , ,8J %( (-8) annuit' F( ,->7 =ortal it' rates down b' ; 'ears ,8J .. 9rs %( (-8) annuit' rates down b' ; 'ears

>J ,J :J %ub lished 4ates of &+C -; -. >J Staff /8 9rs 5orBe rs .> 9rs :J ,J

, ,8J %( (-8) ann@uit ' F( ,->7 =ortali t' rates down b' ; 'ears ,8J .. 9rs %( (-8) annuit' rates down b' ; 'ears

Salar' Escalation 4ate 4etire$ent a#e

&eavin# Service) (#e) :, ;; (#e) ;. E above

:J ,J

UltraTech Cement Limited

,7<

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

Annual Report 2012-2013

NOTES (Contd.)

(7)

6asis used to deter$ine E0pected 4ate of 4eturn on %lan (ssets) E0pected rate of return on %lan (ssets is based on e0pectation of the avera#e lon# ter$ rate of return e0pected on invest$ents of the fund durin# the esti$ated ter$ of the obli#ations. Salar' Escalation 4ate) The esti$ates of future salar' increases are considered taBin# into account the inflation" seniorit'" pro$otion and other relevant factors. E0perience (d@ust$ents)

(8)

(9)

(1)

Fratuit' (2unded))

1`
%articulars Defined 6enefit Obli#ation 2air Value of %lan (ssets SurplusA(Deficit) E0pected (d@ust$ents on %lan &iabilities E0pected (d@ust$ents on %lan (ssets %ension &iabilities) Defined 6enefit Obli#ation 2air Value of %lan (ssets SurplusA(Deficit) E0pected (d@ust$ents on %lan &iabilities %ost 4etire$ent =edical Sche$e &iabilities) Defined 6enefit Obli#ation 2air Value of %lan (ssets SurplusA(Deficit) E0pected (d@ust$ents on %lan &iabilities :88> 8;,.-> ;8.7/ (,./:) >.<> 8.<> 8.>: (8.>:) I (:>":,:) :88- ,8 .:.,8 ;;.>; (<.:/) (8.7;) 8./: 8.<; (8.<;) I (-"87<) :8,8 ,, ,<<.>> ,/,.,/ (,/.<:) <.,: 8.-8 8.<. (8.<.) I :<"/<7 :8,, ,: :8<.8/ :8<.8. (8.8,) ,8.;:.<8 8.<7 (8.<7) I ,<".7;

in Crores :8,: ,7 :;<.:7 (:;..;) (,.:-) 7./8 7./7 8.<. (8.<.) I ,-".<,

(b)

(c)

8./, (8./,) 8.8,

8../ (8../) I ;,",;7

8..< (8..<) (8.8,)

8../ (8../) (8.8,)

8..> (8..>) I ;">,8

(10) (2)

The Co$pan'!s e0pected contribution durin# ne0t 'ear is I ,8.,. Crores. (%revious 9ear I ,8.,. Crores) Defined Contribution %lans) ($ount reco#nised as an e0pense and included in Note :/ under the head GContribution to %rovident and other 2undsH of State$ent of %rofit and &oss I .,.>/ Crores" (%revious 9ear I ;/.:> Crores).

(3)

($ount reco#nised as an e0pense in respect of Co$pensated &eave (bsences is I 7,.:< Crores.(%revious 9ear I :..8> Crores)

Note ;, U Se#$ent 4eportin#) 6usiness Se#$ent The Co$pan' is e0clusivel' en#a#ed in the business of ce$ent and ce$ent related products. This is in conte0t of (S ,< GSe#$ent 4eportin#H" notified under the Co$panies ((ccountin# Standard) 4ules" :88/" constitutes one sin#le pri$ar' se#$ent. Feo#raphical Se#$ent is identified as secondar' se#$ent and details are #iven below) %articulars 9ear Ended =arch 7," :8,7 I in Crores 9ear Ended =arch 7," :8,:

Se#$ent 4evenues (Sales)) +ndia 4est of the 5orld Total

,-"<8;.7,";.,.<7 :,",./.,:

,<"<<,.>8 ,"78..// ,-"8<<.;/

,7>

UltraTech Cement Limited

Annual Report 2012-2013

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

NOTES (Contd.) Note ;: Disclosure of 4elated %arties A 4elated %art' Transactions)

(1)

Na$es of 4elated parties with who$ transactions were carried out durin# the 'ear and description of relationship) %arties Frasi$ +ndustries &i$ited Sa$ruddhi SwastiB Tradin# and +nvest$ents &i$ited Frasi$ 6hiwani Te0tiles &i$ited =r. O.%. %uran$alBa" 5hole Ti$e Director =rs. Sita %uran$alBa 4elationship Coldin# Co$pan' 2ellow Subsidiar' 2ellow Subsidiar' Se' =ana#e$ent %ersonnel (S=%) 4elative of S=% (5ife) I in Crores 9ear Ended =arch 7," :8,7 7/..; 8.8/ 7/./8 8.>; 8.<: ,../ 9ear Ended =arch 7," :8,: ,..-8.,7 ,/.,: 8.7, 8... 8.>/ 8.8/ 8.8,

( b )

Disclos ure Nature of

of related part' transactions) Transactions

Sale of Foods) Frasi$ +ndustries &i$ited Frasi$ 6hiwani Te0tiles &i$ited Total %urchase of Foods) Frasi$ +ndustries &i$ited Frasi$ 6hiwani Te0tiles &i$ited Total Sale of 2i0ed (ssets) Frasi$ +ndustries &i$ited %urchase of 2i0ed (ssets) Frasi$ +ndustries &i$ited 4eceivi n# of Services) Frasi$ +ndustries &i$ited Frasi$ 6hiwani Te0tiles &i$ited Sa$ruddhi SwastiB Tradin# E +nvest$ent &i$ited Se' =ana#e$ent %ersonnel (Nincludes I 8..; Crores" related to previous 'ear) 4elative of Se' =ana#e$ent %ersonnel Total Dividend %aid Frasi$ +ndustries &i$ited ( c ) Outstandin# 6alances) %articulars

8./< 8.<. 8.;: <.-.N 8.,; -.-7 ,7:.:<

8./, ;.7: 8.;, ..,8 8.8/ ,8..8 --.:8

(s at =arch 7," :8,7 ,.>, 8.7, :.,:

(s at =arch 7," :8,: 8.;7 8.7, 8.<;

&oans and (dvances) Frasi$ +ndustries &i$ited Sa$ruddhi SwastiB Tradin# E +nvest$ent &i$ited Total Other &iabilities and Creditors)

Frasi$ 6hiwani Te0tiles &i$ited Deposit ) 4elative of Se' =ana#e$ent %ersonnel

8.,,

8.:,

8.->

8.->

UltraTech Cement Limited

,7-

CONSO&+D(TED 2+N(NC+(& ST(TE=ENTS

Annual Report 2012-2013

NOTES (Contd.) Note ;7 Earnin# per Share (E%S)) %articulars 9ear Ended =arch 7," :8,7 I in Crores 9ear Ended =arch 7," :8,:

( ( )

6asic E%S) (i) Net %rofit attributable to E1uit' Shareholders (ii) 5ei#hted avera#e nu$ber of E1uit' Shares outstandin# (Nos.) 6asic E%S (I) (i)A(ii) :"/<<.<7 :<;",8-":7: -<./:";87.:/ :<;"8.:"8;: ><./-

( 6 )

Diluted E%S) (i) 5ei#hted avera#e nu$ber of E1uit' Shares Outstandin# (ii) (dd) %otential E1uit' Shares on e0ercise of option (iii) 5ei#hted avera#e nu$ber of E1uit' Shares Outstandin# for calculation of Diluted E%S (i Q ii) Diluted E%S (I) K(() (i)L A (iii) 2ace value of Shares (I) :<;",8-":7: >:":8. :<;",-,";7< -<.// ,8 :<;"8.:"8;: ,8-"8<; :<;",/,",,/ ><.// ,8

Note ;; The Co$pan'!s proportionate share in (ssets" &iabilities" +nco$e and E0penses of its ?oint Venture co$panies included in these Consolidated 2inancial State$ents are #iven below) (a) 6(&(NCE SCEET %articulars (s at =arch 7," :8,7 (s at =arch 7," :8,:

ER3+T9 (ND &+(6+&+T+ES Shareholders! 2unds Share Capital 4eserve and Surplus Share (pplication =one' %endin# (llot$ent TOT(& Current &iabilities Trade %a'ables Other Current &iabilities TOT(& (SSETS Non Current (ssets 2i0ed (ssets Tan#ible (ssets Capital 5orB in %ro#ress &on# ter$ &oans (dvances :.>: /.,7 >.-. 8.8, :.>: ..-8 >.<: 8.8, -.:(8.:/) 8.;, -.;; -.:< (8.:.) 8.// -./>

8.8: 8.8: -.;/

8.8, 8.8, 8.8: -.<8

Current (ssets Cash and 6anB 6alances Short ter$ &oans and (dvances TOT(&

8.;> 8.8: 8..8 -.;/

8.-; 8.87 8.-< -.<8

,;8

UltraTech Cement Limited