Britannia Industries Limited Annual Report 2020-21

STANDALONE BALANCE SHEET

As at
in Crores
I Assets
Note 3 March 2021 3I March 2020
(1) Non-current assets
a)roperty, plant and equipment 1,360.02 416 02

(6) Capial work-in-progress 111.66 38.92

(e) Investment property 35.28 S6.14
(d) Intangible assets 8.54 8.37
(e) Financial asseis
1,657.16 .259.11
nvesiinents
) Loans receivable T0.73
192.02
i1) other hnanctal assets .20
35.68 9.31
Icone-lax assets, het
net hon-cuent assets 101.13 37.09
Jalal non-current asseis ,401.0 4,048.19
(2) Cuent assets
991,28 633.53
a)nveniories
t6)inanctal
1)
aseis
Investmenis 1,29296 882.06
(u) Trade receivables 98. 36 242.23
(i)
Cash and cash equlvalents 77.58 21.70
(iv) Bank balances other than (iil) above 33.22 17.40
(v) Loans recelvable 946.09 1,075.73
(vi) Other linancial assets 383.50 27.8
()Oher current assets 91.94 04.S6
a a l current assets
4,014.93 3,205.15
Total issets
7,16.01
ty and fabilities

Equity
uy share capital
uiy
4,274.65
2) Liabilities
(A) Non-current Habilitles
Financial liabilties
() Borrowings 721.35 722.13
(11) Other financial liabilities 21 39.32 30.33
(b) Delered tax liabilities, (net) 35 7.85 10.97
Total non-current liabilities 768.72 763.63
(B) Current liabilities
(a) Financtal liabilities
1,075.70 479.99
1)Bortowngs
(1))Trade payables 22
(a) total outstanding dues of miero enterprises and small enterprises 28.44 B.33
(6) total outsanding dues of creditors other than micr enterprises and small enterprises ,104.0 878.17

Other liabilities S05.28 414.63

(b)
(ii) finaneial
Other current liabilities 128.36 138.13
(e) Provisions 365.63 31.98

dCurent lax liabilities, (net) 61.70

Total curent liabiliues ,527.76 2.215.06
Total liabilities 4,096.48 2,978.69
and
otal cqulty liabilities l6.01 33
gnhcant accong polieies
See
accompanying to
notes the suanialone inancial statements
As per our report of even date attached
Jor Walker Chandiok 6r Ca LLP Jor and on behalf of the Board of Directors
Chartered Accountans
iCAI Firm regisuration number: 001076N/NS00013 Nusli N Wadia Varun Berry
Chairman Managing Direcior
(DIN:00015731) (DIN:05208062)
Aasheesh Arjun Singh N.Venkataraman
Chic Financlal Ojfhcer
T.VThulsidass
Purlner ompuny ere tany
Membership number: 210122 (Membership number:A20927)

Place: Bengaluru Place: Bengaluru

Date : 27 April 2021 Date : 27 April 2021

+
 Corporate Overview Financial Statements
Statutory Reports|
STANDALONE STATEMENT OF PROFIT AND LOSS

inCrores
For the year ended
Note 31 March 2021 31l March 2020
Revenue lrom operations

Sale of goods / Income from operations 12,113.65 10,820.57

Other operating revenues 265.18 166.11
12,378.83 10,986.68
I Other income 292.70 335.43
1 Total Income (1+11) 12,671.53 11.322.11
Expenses:
Cost of materials consumed 28 5,509.69 5,052.67
Purchases of stock-in-trade 29 ,908.50 1,543.55
Changes in inventories of finished goods, work-in-progress and stock-in-trade S0 (43.22) 61.51
Employee benefits expense 402.85 368.87
Finance costs 32 97.81 09.1
Depreciation and amortisation expense ,3,0 6.77
0
Other expenses 33
2,249.69 2,189.3
Total expenses
10,292.09 9,432.85
VProfit before exceptional items and tax (1I1-IV) 2,379.44 1,889.2
VIExceptional items [(Income)VExpense (19.00)

Proht belore (V) 2,379.44 ,908.2

VI
Vnl Tax expense:
tax

Current ta 622.53 416.86

(i) Delerred a x
7.10
619.41 423.9
IX Proit lor the year (VILVII) 1,760.03 1,484.30
X Other comprehensive income
tcems that will not be reclassificd subsequcntly to statement of profu or loss
Remeasurements of the net defined benefit (liability)Vasset 3.27 (5.90)
Income-tax relating to items not to be reclassihed subsequently to staiement of proit ar loss (0.85) 1.31
Other comprehensive income, net ol tax 2.42 4.59)

XI Total comprehensive income for the year (1X+X)

1479.71
Earnings per share (face value of t l each) 42
Basic [i 73.12 61.75

Diluted [in & 73.09 61.75

Weighted average number of equity shares used in computing carnings per share:
Basic 240,716,747 240,379,360
Diluted 240,800,190 240,438,381
Signiicant accounting policies
See accompanying notes to the standalone linancial statements
per o u r r e p o r t or even dale atllached

Jor Walker Chandiok &r Co LL Jor and on behalf of the Board of Directors
Chartered Accountants
ICAI Firm registration number: 001076NNSO0O13 Nusli N Wadia Varun Berry
Chairman Managing Diector
(DIN:0001573)) (DIN:05208062)
Aasheesh Arjun Singh V.T hulsidass
N.Venkataraman
Chief Financial Offer
Membership
Parn number: 210122 CompanySecretary
(Membership numberA20927)

Place: Bengaluru Place Bengaluru

April 202
Date: 27 April 2021 Date

95
 Corporate Overview Statutory Reports | Financial Statements
STANDALONE STATEMENT OF CASH FLOW

in Crores
For the year ended 31March 2021 31 March 2020
Cash Ilow Irom operating activities
Profit belore tax 2,379.44 1,908.26
Adjustments for
Depreciation and amortisation expense 166.77 151.69
Share based payment expense 18.94 21.58
Net gain on financial
loss
asset measured at lair value through statement of profit and (60.75) (81.4

(Profit) / Loss on sale of property. plant and equipment (0.09) (0.17)

Reversal of provision for diminution in value of investment,net (Refer note 34) (19.00)
Dividend income (66.4
Interest income (219.52) 168.67)
Finance costs 97.81 65.17
2,382.60 1,810.97
Changes in
Inventories (357.75) 85.36
Trade receivables 43.87 108.73
assets, other bank balances and other assets
Loans receivable, other financial
Accounts payables, other financial liabilities, other liabilities and provisions
(167.61) (30.26)
478.84 157.18
Cash generated from operating activities ,379.95 2,131.98
Income-tax paid, net of refund
Net cash generated lrom operating activities
(601.68) 472.30)
Cash flow Irom investing activities
1,778.27 1,659.68
of
Acquisition property, plant and equipment and intangible assets
Proceeds Irom sale of property, plant and equipment
(230.12) (225.05)
0.28 0.68
Sale / (Purchase) of investments, net 272.80 (1,363.65)
Investment in subsidiaries, net (21.0.00) (31.43)
Inter- corporate deposits placed , 193.00) (1,252.00)
Inter-corporate deposits redeemed 1.00 1,122.00
Interest received 230.68 114.64
Dividend received
Net cash generated from/ (used in) investing activities
66.4
Cash Ilow from financing activities 500.64 (1,568.34)
Interest paid
.14) (24.93)
Proceeds rom share allotment 103.15 23.97
Principal payment of lease liabilities (0.81) (0.44)
Interest paid on lease liabilities 33) (O.18)
Issue of bonus debentures
720.95
Proceeds from borrowings, net"
587.04 474.40
Dividends paid (including dividend distribution tax)
(2,823.75) (420.23)
Payment of bonus debentures (including dividend distribution tax)
Net cash used in financing activities
(867.79)
Net change
in cash and cash equivalents (2,222.84)
56.07
(94.25)
(2.91)
Cash and cash equivalents at
beginning of the year 20.22 23.13
Cash and cash equivalents at end of the
year (net of bank overdralt) 6.29 20.22
 Britannia Industries Limited Annual Report 2020-21

STANDALONE STATEMENT OF CASH FLOW

Rin Crores
For the year ended 31March 2021 31 March 2020
Note:
Cash and cash equivalents at the end of the year |Refer note 14| 77.58 2. 76
Bank overdraft [Reler note 20] 29) (1.5
76.29 20.22
Debt reconciliation statement in accordance with Ind As 7
Current borrowings
Opening balance 479.99
Proceeds Irom borrowings, net 587.5 474.26
Non-cash change (lair value) 8.12 5.73
Closing balance 1,075.70 479.99
Non-current borrowings and Certain components of other financial liabilities
Opening balance 723.93 1.74
Proceeds from borrowings, net (1.61) 722.19
Closing balance 722.32 723.93
Bank Overdralt amounting to 1,29 (31 March 2020 1.54) is shown under cash and cash equivalent as per requirement
of Ind AS 7, hence proceeds from borrowings under financing activity is excluding the movement in bank overdral.

Significant accounting policies [Refer note 3]

See accompanying notes to the standalone financial statements
As per our report of even date attached
Chandiok &r Co LLP for and on behalf of the Board of Directors
for Walker
Chartered Accountants
ICAI Firm registration mumber: 001076NNSs00013 Nusii N Wadia VarunBerry
Managing Director
(DIN:00015731) (DIN:05208062)

N. Venkataraman T.VThulsidass
Aasheesh Arjun Singh
Chic Financial Officer
Compuny Secetary
(Membership number:A20927)
Membership number: 210122

Place: Bengaluru
Date : 27 April 2021
Place: Bengaluru
Date: 27 April 2021

98