29 May 2014 07:00
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
Consolidated Financial Results
for the three months ended March 31, 2014
Rs. In Lakhs
Particulars | Three Months Ended | Year to Date Ended | |||
March 31 2014 | December 31 2013 | March 31 2013 | March 31 2014 | March 31 2013 | |
Net Sales / Income from Operations (Net of excise duty) | 60553 | 70320 | 55836 | 260990 | 227784 |
Other Operating Income | 2722 | 1539 | 2001 | 7305 | 4826 |
Total Income from Operations (Net) | 63275 | 71859 | 57837 | 268295 | 232610 |
a) Cost of materials consumed | 44086 | 45169 | 40696 | 173001 | 154527 |
b) Purchase of stock-in-trade | 200 | 61 | - | 344 | 113 |
c) Charges in inventories of finished goods and stock-in-trade | (5118) | 571 | (5647) | (510) | (3854) |
d) Employee benefits expense | 2724 | 3572 | 3662 | 13157 | 12006 |
e) Depreciation and Amortization | 397 | 419 | 567 | 1635 | 1639 |
f) Other Expense | 14758 | 13530 | 13079 | 53899 | 45966 |
Total Expenses | 57047 | 63322 | 53257 | 241536 | 210398 |
Profit from Operations before Other Income, Finance Costs & Exceptional Items | 6228 | 8537 | 5480 | 26759 | 22212 |
Other Income | 7330 | 5031 | 648 | 18489 | 11297 |
Profit from ordinary activities before Finance costs & Exceptional Items | 13558 | 13568 | 6128 | 45248 | 33509 |
Finance Costs | 940 | 1571 | 1070 | 3920 | 3201 |
Profit from ordinary activities after Finance costs but before Exceptional Items | 12618 | 11997 | 5058 | 41328 | 30308 |
Exceptional items (Net) | (370) | (697) | (563) | 17221 | 1787 |
Profit from ordinary activities before Tax | 12248 | 11300 | 4495 | 58549 | 32095 |
Tax Expense | |||||
a) Current Tax | 1691 | 2746 | 887 | 14005 | 6779 |
b) Deferred Tax | 421 | (241) | (92) | (153) | (549) |
Net Profit for the period | 10136 | 8795 | 3700 | 44697 | 25865 |
Paid-up equity share capital (Face value of Re 1 each) | 6184 | 6184 | 6184 | 6184 | 6184 |
Reserve excluding Revaluation Reserves | 248955 | 223459 | |||
Earnings per share (Basic & Diluted) (not annulised for quarter) - Rs | 1.64 | 1.42 | 0.60 | 7.23 | 4.18 |
Debt Service Coverage Ratio (DSCR) | 1.24 | 10.47 | |||
Interest Service Coverage Ratio (ISCR) | 11.54 | 10.47 | |||
PARTICULARS OF SHAREHOLDING | |||||
Public Shareholding | |||||
- Number of Shares | 401315380 | 401315380 | 400715380 | 401315380 | 400715380 |
- Percentage of Shareholding | 64.90% | 64.90% | 64.80% | 64.90% | 64.80% |
Promoters and Promoters Group Shareholding | |||||
(a) Pledged / Encumbered | |||||
- Number of Shares | 11500000 | - | 40800000 | 11500000 | 40800000 |
- Percentage of shares ( as a percentage of the total shareholding of the promoter and promoter group ) | 5.30% | - | 18.74% | 5.30% | 18.74% |
- Percentage of shares ( as a percentage of the total share capital of the company) | 1.86% | - | 6.60% | 1.86% | 6.60% |
(b) Non Encumbered | |||||
- Number of Shares | 205583190 | 217083190 | 176883190 | 205583190 | 176883190 |
- Percentage of shares ( as a percentage of the total shareholding of the promoter and promoter group ) | 94.70 | 100.00% | 81.26% | 94.70 | 81.26% |
- Percentage of shares ( as a percentage of the total share capital of the company) | 33.24% | 35.10% | 28.60% | 33.24% | 28.60% |
Note : DSCR = Earnings before Interest Exceptional items and Tax / Gross Interest and Principal repayment of long term loan
ISCR = Earnings before Interest Exceptional items and Tax / Gross Interest
Notes:
1. For the financial year, Income from operations at Rs 2683 crores increased by 15% over the previous year driven by improved performance in branded tea operations. Profit before exceptional items at Rs 413 crores is 36% higher than the previous year due to improved operating performance coupled with increase in Other Income. Profit after tax at Rs 447 crores is higher by 73% compared to previous year mainly reflecting the favorable impact of exceptional items.
2. For the quarter, Income from operations at Rs 633 crores increased by 9% over corresponding quarter of previous year reflecting improved performance in the branded tea operations. Profit before exceptional items at Rs 126 crores is 149% higher than corresponding quarter of previous year on account of improved operating performance and increase in Other Income. Consequently Profit after tax at Rs. 101 crores is also higher by 174% compared to corresponding quarter of previous year.
3. The financial results include the following under Exceptional Items :
In Rs Crores
Particulars | Year ended | |
Mar 31 2014 | Mar 31 2013 | |
Profit on sale of property in Bangalore | 192 | - |
Profit on sale of long term investment | 35 | 53 |
Expenditure on product development | (14) | (17) |
Expenditure on post retirement pension obligation | (15) | (12) |
Expenditure on new initiatives and restructuring activities | (6) | (1) |
Provision against long term investment | (20) | - |
Expenditure on one time ex gratia payment to pensioners | - | (5) |
Income/(Expenditure) - Net | 172 | 18 |
4. Earnings Per Share (EPS) (basic and diluted) and EPS, net of exceptional items (basic and diluted) for the quarter and the year are given below :
In Rs | Three month ended | Year ended | |||
Mar 31 2014 | Dec 31 2013 | Mar31 2013 | Mar 31 2014 | Mar 31 2013 | |
Earnings per share - Rs* | 1.64 | 1.42 | 0.60 | 7.23 | 4.18 |
Earnings per share - Rs* Excluding the impact of exceptional items | 1.68 | 1.50 | 0.66 | 5.07 | 3.71 |
*not annualised for the quarter end
5. The Board of Directors of the Company in its meeting held on November 12, 2013 had approved the scheme of merger of its subsidiary, Mount Everest Mineral Water Limited (MEMW), with the Company in terms of a scheme of amalgamation under Section 391-394 and other applicable provisions of the Companies Act, 1956. The necessary approvals from the Stock exchanges and SEBI have been obtained. The scheme is proposed to be placed for approval at a Court convened meeting ot he shareholders of the Company to be held on June 4, 2014. The appointed date of the scheme is April 1, 2013. The scheme would be effective on the receipt of necessary approvals and completion of formalities as laid down there under. Accordingly, the operation results of MEMW would be reflected by the Company from the appointed date of April 1, 2013 after the scheme becomes effective post obtaining all the requisite approvals. In terms of the scheme, till such date the scheme becomes effective the merging entity's business operations are being carried out in trust on behalf of the Company.
6. As the Company's activity falls within a single business segment, viz "buying / Blending and Sale of tea in bulk and value added form" the disclosure requirements of Accounting Standard (AS-17) on "Segment Reporting" notified by the Companies (Accounting Standard) Rules 2006, are not applicable.
7. Investor complaints :
Pending at the beginning of the Quarter | Received during the Quarter | Disposed of during the Quarter | Remaining unresolved at the end of the Quarter |
- | 4 | 2 | 2 |
8. Previous period's figures have been rearranged / regrouped to the extent necessary, to conform to current period's figures.
9. Figures of the quarter ended March 31, 2014 and March 31, 2013 are the balancing figures between audited figures in respect of the full financial year and published year to date figures up to the third quarter of the relevant financial year.
10. Statement of Asset and Liabilities as at march 31, 2014 along with comparatives is annexed.
11. The Board of Directors has recommended a dividend payment of Rs. 2.25 per share (Face value Re. 1 each) for the year ended March 31, 2014.
12. The aforementioned results were reviewed by the Audit Committee of the Board on May 27, 2014 and subsequently taken on record by the Board of Directors at its Meeting held on may 28, 2014. The statutory auditors of the company have audited these results.
Cyrus P Mistry
(Chairman)
Mumbai: May 28, 2014
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
Audited Statement of Assets and Liabilities as at March 31, 2014
Rs. In Lakhs
Particulars | As at March 31 2014 | As at March 31 2013 | |
A | EQUITY AND LIABILITIES | ||
1 | SHAREHOLDERS' FUNDS | ||
(a) Share Capital | 6184 | 6184 | |
(b) Reserves and Surplus | 251141 | 225646 | |
Sub-total - Shareholders' funds | 257325 | 231829 | |
2 | Non-current liabilities | ||
(a) Long-term borrowings | 32500 | - | |
(b) Other long-term liabilities | 7254 | - | |
(c) Long-term provisions | 8882 | 7997 | |
Sub-total - Non-current liabilities | 48636 | 7997 | |
3 | Current Liabilities | ||
(a) Short-term borrowings | 13151 | 18357 | |
(b) Trade Payables | 14929 | 13557 | |
(c) Other current liabilities | 15452 | 52757 | |
(d) Short-term provisions | 19912 | 19524 | |
Sub-total - Current liabilities | 63444 | 104195 | |
TOTAL - EQUITY AND LIABILITIES | 369405 | 344021 | |
B | ASSETS | ||
1 | Non-current assets | ||
(a) Fixed Assets | 16195 | 15045 | |
(b) Non-current investments | 240567 | 222514 | |
(c) Deferred tax Assets | 4955 | 2320 | |
(d) Long-term loans and advances | 4681 | 4208 | |
(e) Other non-current assets | 7050 | - | |
Sub-total - Non-current assets | 273448 | 244087 | |
2 | Current assets | ||
(a) Inventories | 63592 | 65156 | |
(b) Trade Receivables | 11487 | 10911 | |
(c) Cash & Bank balance | 788 | 5052 | |
(d) Short-term loans and advances | 18992 | 18171 | |
(e) Other current assets | 1098 | 644 | |
Sub-total - Current assets | 95957 | 99934 | |
TOTAL ASSETS | 369405 | 344021 |
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
Consolidated Financial Results
for the three months ended March 31, 2014
Rs. In Lakhs
Particulars | Three Months Ended | Year Ended | |||
March 31 2014 | December 31 2013 | March 31 2013 | March 31 2014 | March 31 2013 | |
Net Sales / Income from Operations (Net of excise duty) | 186569 | 205391 | 181089 | 762198 | 727033 |
Other Operating Income | 4424 | 2683 | 3861 | 11563 | 8065 |
Total Income from Operations (Net) | 190993 | 208074 | 184950 | 773761 | 735098 |
a) Cost of materials consumed | 83162 | 93524 | 81571 | 352809 | 336077 |
b) Purchase of stock-in-trade | 7360 | 7187 | 6571 | 26356 | 24377 |
c) Charges in inventories of finished goods, work in progress and stock-in-trade | (2235) | (4334) | (4684) | (11419) | (4154) |
d) Employee benefits expense | 19520 | 20539 | 20229 | 78799 | 74011 |
e) Depreciation & Amortization expense (Net of amount drawn from revaluation reserve) | 3664 | 3216 | 3046 | 12906 | 10510 |
f) Advertisement and Sales Charges | 34751 | 40071 | 30599 | 140226 | 123896 |
g) Other Expenses | 29370 | 31461 | 28333 | 111801 | 104042 |
Total Expenses | 175592 | 191664 | 165665 | 711478 | 668759 |
Profit from Operations before Other Income, Finance Cost & Exceptional Items | 15401 | 16410 | 19285 | 62283 | 66339 |
Other Income | 1622 | 1495 | 1602 | 8180 | 8601 |
Profit from ordinary activities before Finance cost & Exceptional Items | 17023 | 17905 | 20887 | 70463 | 74940 |
Finance Cost | (2024) | (2779) | (2846) | (8653) | (8444) |
Profit from ordinary activities after Finance cost but before Exceptional Items | 14999 | 15126 | 18041 | 61810 | 66496 |
Exceptional items (Net) | (1172) | (1320) | 50 | 8876 | (2817) |
Profit from ordinary activities before Tax | 13827 | 13806 | 18091 | 70686 | 63679 |
Tax Expense | |||||
a) Current Tax | (1255) | (33) | (3483) | (16258) | (17715) |
b) Deferred Tax | (2647) | (1106) | 699 | (2191) | 1308 |
Profit after Tax | 9925 | 12667 | 15307 | 52237 | 47272 |
Share of Profit / (Loss) from associates | (1953) | 1184 | (3816) | (1287) | (2766) |
Minority Interest in Consolidated Profit | (1042) | (1896) | (1915) | (2899) | (7231) |
Group Consolidated Net profit | 6930 | 11955 | 9576 | 48051 | 37275 |
Paid up Equity Share Capital(face value of Rs. 1 each) | 6184 | 6184 | 6184 | 6184 | 6184 |
Reserves excluding Revaluation Reserve | 574493 | 470448 | |||
Earnings per share (Basic & Diluted) (not annualised for the quarter) - Rs | 1.12 | 1.93 | 1.55 | 7.77 | 6.03 |
PARTICULARS OF SHAREHOLDING | |||||
Public Shareholding | |||||
- Number of Shares | 401315380 | 401315380 | 400715380 | 401315380 | 400715380 |
- Percentage of Shareholding | 64.90% | 64.90% | 64.80% | 64.90% | 64.80% |
Promoters and Promoters Group Shareholding | |||||
(a) Pledged / Encumbered | |||||
Number of Shares | 11500000 | - | 40800000 | 11500000 | 40800000 |
- Percentage of shares ( as a percentage of the total shareholding of the promoter and promoter group ) | 5.30% | - | 18.74% | 5.30% | 18.74% |
- Percentage of shares ( as a percentage of the total share capital of the company) | 1.86% | - | 6.60% | 1.86% | 6.60% |
(b) Non Encumbered | |||||
Number of Shares | 205583190 | 217083190 | 176883190 | 205583190 | 176883190 |
- Percentage of shares ( as a percentage of the total shareholding of the promoter and promoter group ) | 94.70% | 100.00% | 81.26% | 94.70% | 81.26% |
- Percentage of shares ( as a percentage of the total share capital of the company) | 33.24% | 35.10% | 28.60% | 33.24% | 28.60% |
Notes:
1. For the financial year, Income from operations at Rs 7738 crores increased by 5%. Profit before exceptional items at Rs 618 crores is 7% lower than the previous year due to higher expenditure on brands and new initiatives. Post the favourable impact of exceptional items, the Group Consolidated Net Profit is Rs. 481 crores, an increase of 29%.
2. For the quarter, Income from operations at Rs. 1910 crores increased by 3% year on year. Profit before exceptional items at Rs. 150 crores is 17% lower than the corresponding quarter due to higher expenditure on brands and new initiatives. Post the impact of exceptional items, the Group Consolidated Net Profit is Rs 69 crores, lower by 28%.
3. The financial results includes following under Exceptional items :
In Rs Crores
Particulars | Year ended | |
Mar 31 2014 | Mar 31 2013 | |
Profit on sale of property | 195 | - |
Profit on sale of long term investment | 32 | 52 |
Realised profit - earlier unrecognised | 86 | - |
Loss on investments in a US based functional beverage company | (103) | - |
Reorganisation and Restructuring cost | (53) | (44) |
Expenditure on long term initiatives | (23) | - |
Expenditure on post retirement pension obligation | (15) | (21) |
Product development cost | (10) | (13) |
Other exceptional items (Net) | (20) | (2) |
Income/(Expenditure) - Net | 89 | (28) |
4. Earnings Per Share (EPS) (basic and diluted) and EPS, net of impact of exceptional items (basic and diluted) for the quarter and the year are given below :
In Rs | Three month ended | Year ended | |||
Mar 31 2014 | Dec 31 2013 | Mar 31 2013 | Mar 31 2014 | Mar 31 2013 | |
Earnings per share - Rs* | 1.12 | 1.93 | 1.55 | 7.77 | 6.03 |
Earnings per share - Rs* Excluding the impact of exceptional items | 1.21 | 1.44 | 1.53 | 5.46 | 5.95 |
*not annualised for the quarter end
EPS, excluding the impact of exceptional items, for the year is lower by 8% as compared to the previous year due to higher expenditure on brands and new initiatives.
5. Actuarial gain (net of tax and minority interest) of Rs. 5.24 crores for the year (los of Rs. 18.77 crores for the quarter), relating to defined benefit pension scheme of overseas subsidiaries have been accounted in Reserves in the Consolidated Financial Statement applying the principles of Accounting Standard 21 and in line with the policy followed by the overseas subsidiaries and other companies in compliance with the relevant overseas accounting framework. Had the accounting policy of recognizing the actuarial gains and losses of pension scheme of the overseas subsidiaries in the Statement of Profit and Loss been followed, the Consolidated Net profit for the Group wolf have been higher by Rs. 5.24 crores for the year (lower by Rs. 18.77 crores for the quarter)
The Statutory Auditors have invited attention to this in their Audit Report.
6. The Board of Directors of the holding Company in its meeting held on November 12, 2013 had approved the scheme of merger of its subsidiary, Mount Everest Mineral Water Limited (MEMW), with the Holding Company in terms of a scheme of amalgamation under Section 391-394 and other applicable provisions of the companies act, 1956. The necessary approvals from the Stock exchanges and SEBI have been obtained. The scheme is proposed to be placed for approval at a Court convened meeting of shareholders of the Holding Company to be held on June 4, 2014. The appointed date of the scheme is April 1, 2013. The scheme would be effective on the receipt of necessary approvals and completion of formalities as laid down there under. Accordingly, the operating results of MEMW could be reflected by the Holding Company from the appointed date of April 1, 2013 after the scheme becomes effective post obtaining all the requisite approvals. In terms of the scheme, till such date the scheme becomes effective, the merging entity's business operations are being carried out in trust on behalf of the Holding Company.
7. During the year, Tata Coffee Limited (TCL), Indian subsidiary of the Holding Company, has filed for merger of its wholly owned subsidiary Alliance Coffee Limited (ACL) with the Honorable High Court of Karnataka. The operating results of ACL would be reflected by TCL from the appointed date of April 1, 2013 on approval of the said scheme which is pending with Honorable High Court of Karnataka. In terms of the scheme, till such date the scheme becomes effective, the merging entity's business operations are being carried out in trust on behalf of TCL.
8. The major part of the Holding Company's business arises from operations outside India and through its subsidiaries. In view of this the Company has opted to publish only consolidated results for the year as permitted under SEBI guidelines. The standalone results shall be available on the Company's website as well as on the website of the stock exchanges where the Company's shares are listed. The Total Income from Operations, Net Profit for the period and Earnings per share of the Holding Company's standalone financial results are given below :
In Rs Crores | Three months ended | Year ended | |||
Mar 31 2014 | Dec 31 2013 | Mar 31 2013 | Mar 31 2014 | Mar 31 2013 | |
Total Income from Operations (Net) | 633 | 719 | 578 | 2683 | 2326 |
Net Profit for the period | 101 | 88 | 37 | 447 | 259 |
Earnings per share - Rs* | 1.64 | 1.42 | 0.60 | 7.23 | 4.18 |
Earnings per share - Rs* Excluding impact of exceptional items | 1.68 | 1.50 | 0.66 | 5.07 | 3.71 |
*not annualised for the quarter end
9. Figures for the quarter ended March 31, 2014 and March 31, 2013 are the balancing figures between audited figures in respect of the full financial year and published year to date figures up to the third quarter of the relevant financial year.
10. Consolidated statement of Asset and Liabilities as at March 31, 2014 along with comparatives is annexed.
11. Previous period's figures have been regrouped / rearranged, to the extent necessary, to conform to current period's classifications.
12. The aforementioned results were reviewed by the Audit Committee of the Board on May 27, 2014 and subsequently taken on record by the Board of Directors at its Meeting held on may 28, 2014. The statutory auditors of the company have audited the annual results.
Cyrus P Mistry
(Chairman)
Mumbai: May 28, 2014
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
Consolidated Segment wise Revenue, Results and Capital Employed,
under Clause 41, of the Listing Agreement for the three months ended March 31, 2014
Rs. In Lakhs
Particulars | Three Months Ended | Audited Year ended | |||
March 31 2014 | December 31 2013 | March 31 2013 | March 31 2014 | March 31 2013 | |
1. Segment Revenue | |||||
(a) Tea | 144052 | 157304 | 136657 | 570120 | 532737 |
(b) Coffee & Other Produce | 44784 | 49136 | 45952 | 194749 | 194662 |
(c) Others | 2157 | 1634 | 2341 | 8892 | 7699 |
Total Income from Operations (Net) | 190993 | 208074 | 184950 | 773761 | 735098 |
2. Segment Results | |||||
(a) Tea | 16836 | 17870 | 18875 | 63020 | 59728 |
(b) Coffee & Other Produce | 3255 | 3787 | 7190 | 21458 | 28970 |
(c) Others | (367) | (937) | (466) | (3223) | (3362) |
Total | 19724 | 20720 | 25599 | 81255 | 85336 |
Add/(Less) | |||||
i) Finance Cost | (2024) | (2779) | (2846) | (8653) | (8444) |
ii) Other Un-allocable items, Other Income and Exceptional Items | (3873) | (4135) | (4662) | (1916) | (13213) |
Profit from ordinary activities before Tax | 13827 | 13806 | 18091 | 70686 | 63679 |
3. Capital Employed | |||||
(a) Tea | 404457 | 451194 | 344991 | 404457 | 344991 |
(b) Coffee & Other Produce | 231727 | 241499 | 210049 | 231727 | 210049 |
(c) Others | 26018 | 25572 | 22210 | 26018 | 22210 |
(d) Unallocated including Investments | (15090) | (15575) | (14847) | 15090 | (14847) |
Total | 677292 | 702690 | 562403 | 677292 | 562403 |
Notes:
a. Business Segments: The internal business segmentation and the activities encompassed therein are as follows:
Tea : Cultivation, manufacture, blending and sale of tea in packet, bulk or value added forms
Coffee and Other Produce : Cultivation of coffee and related plantation crops and sale of coffee in various value added forms.
Others : Sale of water products and other businesses.
b. The segment wise revenue, results, capital employed figures relate to the respective amounts directly identifiable to each of the segments. Unallocable expenditure include expenses incurred on common services at the corporate level, finance costs and exceptional items. Unallocable income includes income from investments and exceptional items.
c. Previous periods figures have been regrouped/rearranged to the extent necessary, to conform to current periods classifications.
Mumbai : May 28, 2014 Cyrus P Mistry
(Chairman)
Particulars | Three months ended | Year ended | |||
Mar 31 2014 | Dec 31 2013 | Mar 31 2013 | Mar 31 2014 | Mar 31 2013 | |
Total Income from Operations (Net) | 1909.93 | 2080.74 | 1849.50 | 7737.61 | 7350.98 |
Profit before exceptionals | 149.99 | 151.26 | 180.41 | 618.10 | 664.96 |
Exceptionals items (Net) | (11.72) | (13.20) | 0.50 | 88.67 | (28.17) |
Net profit before tax | 138.27 | 138.06 | 180.91 | 706.86 | 636.79 |
Net profit after tax | 99.25 | 126.67 | 153.07 | 522.37 | 472.72 |
Earnings per share - Rs* | 1.12 | 1.93 | 1.55 | 7.77 | 6.03 |
Earnings per share (before exceptional) - on Core operations Rs*
| 1.21 | 1.44 | 1.53 | 5.46 | 5.95 |
Dividend recommended - Rs. per share (Face Value Re 1 per share) | Rs.2.25 | Rs.2.15 |
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
Audited Consolidated Statement of Assets and Liabilities as at March 31, 2014
Rs. In Lakhs
Particulars | As at March 31 | ||
2014 | 2013 | ||
A | EQUITY AND LIABILITIES | ||
1 | Shareholders' Funds | ||
Share Capital | 6184 | 6184 | |
Reserves and Surplus | 578701 | 474826 | |
Sub-total - Shareholders' funds | 584885 | 481012 | |
2 | Minority Interest | 92407 | 81391 |
3 | Non-current Liabilities | ||
(a) Long-term borrowings | 105375 | 67270 | |
(b) Deferred Tax liabilities (Net) | 4625 | 5396 | |
(c) Other Long-term liabilities | 8055 | 9241 | |
(d) Long-term provisions | 21851 | 20315 | |
Sub-total - Non-current liabilities | 139906 | 102222 | |
4 | Current Liabilities | ||
(a) Short-term borrowings | 34759 | 34413 | |
(b) Trade Payables | 76888 | 79034 | |
(c) Other current liabilities | 36803 | 70308 | |
(d) Short-term provisions | 25499 | 31008 | |
Sub-total - Current liabilities | 173949 | 214763 | |
TOTAL - EQUITY AND LIABILITIES | 991147 | 879388 | |
B | ASSETS | ||
1 | Non-current assets | ||
(a) Fixed Assets | 105233 | 92689 | |
(b) Goodwill on Consolidation | 418824 | 359812 | |
(c) Non-current investments | 60787 | 57603 | |
(d) Long-term loans and advances | 13579 | 8364 | |
(e) Other non-current assets | 7050 | - | |
Sub-total - Non-current assets | 605473 | 518468 | |
2 | Current assets | ||
(a) Current investments | 310 | 191 | |
(b) Inventories | 151846 | 138292 | |
(c) Trade Receivables | 65435 | 71292 | |
(d) Cash & Bank balance | 72524 | 69770 | |
(e) Short-term loans and advances | 92789 | 79241 | |
(f) Other current assets | 2770 | 2134 | |
Sub-total - Current assets | 385674 | 360920 | |
TOTAL ASSETS | 991147 | 879388 |