28 May 2015 15:22
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
CIN L15491WB1962PLC031425, Email : Investor.relations@tataglobalbeverages.com,
Website : www.tataglobaIbeverages.com
Audited Financial Results for three months ended March 31, 2015
Rs. In Lakhs
Particulars | Three Months Ended | Year to Date Ended | |||
March 31 2015 | December 31 2014 | March 31 2014 | March 31
| ||
2015 | 2014 | ||||
Net Sales / Income from Operations (Net of excise duty) | 64914 | 75914
| 60553
| 279771
| 260990
|
Other Operating Income |
2235 | 1952 | 2722 | 8681 | 7305 |
Total Income from Operations (Net) | 67149 | 77866 | 63275 | 288452 | 268295 |
a) Cost of materials consumed | 46008 | 49962 | 44086 | 187287 | 173011 |
b) Purchase of stock-in-trade | 68 | 5 | 200 | 153 | 344 |
c) Changes in inventories of finished goods and stock-in-trade | (6256) | (65) | (5118) | (2799) | (510) |
d) Employee benefits expense | 4810 | 3901 | 2812 | 16192 | 13611 |
e) Depreciation and Amortization Expense | 554 | 506 | 397 | 1994 | 1635 |
f) Other Expense | 13861 | 15422 | 14670 | 55925 | 53445 |
Total Expenses | 59045 | 69731 | 57047 | 258752 | 241536 |
Profit from Operations before Other Income, Finance Costs & Exceptional Items | 8104 | 8135 | 6228 | 29700 | 26759 |
Other Income | 1339 | 1499 | 7330 | 15516 | 18489 |
Profit from ordinary activities before Finance costs & Exceptional Items | 9443 | 9634 | 13558 | 45216 | 45248 |
Finance Costs | (1015) | (1352) | (940) | (3419) | (3920) |
Profit from ordinary activities after Finance costs but before Exceptional Items | 8428 | 8282 | 12618 | 41797 | 41328 |
Exceptional items (Net) | (6762) | - | (370) | (6892) | 17221 |
Profit from ordinary activities before Tax | 1666 | 8282 | 12248 | 34905 | 58549 |
Tax Expense | 2625 | (2721) | (2112) | (6005) | (13852) |
Net Profit for the period | 4291 | 5561 | 10136 | 28900 | 44697 |
Paid-up equity share capital (Face value of Re 1 each) | 6311 | 6184 | 6184 | 6311 | 6184 |
Reserve excluding Revaluation Reserves | 241667 | 248955 | |||
Earnings per share (Basic & Diluted) (not annulised for quarter) - Rs | 0.68 | 0.90 | 1.64 | 4.58 | 7.23 |
Debt Service Coverage Ratio (DSCR) | 13.23 | 1.24 | |||
Interest Service Coverage Ratio (ISCR) | 13.23 | 11.54 | |||
PARTICULARS OF SHAREHOLDING | |||||
Public Shareholding | |||||
- Number of Shares | 401315380 | 401315380 | 401315380 | 401315380 | 401315380 |
- Percentage of Shareholding | 64.90% | 64.90% | 64.90% | 64.90% | 64.90% |
Promoters and Promoters Group Shareholding | |||||
(a) Pledged / Encumbered | |||||
- Number of Shares | 11500000 | 11500000 | 11500000 | 11500000 | 11500000 |
- Percentage of shares ( as a percentage of the total shareholding of the promoter and promoter group ) | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% |
- Percentage of shares ( as a percentage of the total share capital of the company) | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% |
(b) Non Encumbered | |||||
- Number of Shares | 205583190 | 205583190 | 205583190 | 205583190 | 205583190 |
- Percentage of shares ( as a percentage of the total shareholding of the promoter and promoter group ) | 94.70% | 94.70% | 94.70% | 94.70% | 94.70% |
- Percentage of shares ( as a percentage of the total share capital of the company) | 33.24% | 33.24% | 33.24% | 33.24% | 33.24% |
(*) Includes 127.31 lakhs shares to be issued consequent to the amalgamation between Mount Everest Mineral Water Ltd and the Company.
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. Pursuant to the Scheme of Amalgamation and Arrangement (the "Scheme") sanctioned by the Honorable High Court of Calcutta vide its order dated February, 16 2015 received on April 20, 2015and the Honorable High Court of Himachal Pradesh vide its order dated March, 23 2015 received on April 27, 2015, Mount Everest Mineral Water Limited ("MEMW") a subsidiary of the Company engaged in sourcing and selling of natural mineral water, merged with the Company with effect from April 1, 2014 (the "appointed date"). The Scheme came into effect on May 18, 2015, the day on which both the orders were filed with the Registrar of the Companies, and pursuant thereto the entire business and all the assets and liabilities, duties and obligations of MEMW have been transferred to and vested in the Company with effect from April 1, 2014. Accordingly, the stand-alone results for the current quarter include financial results of MEMW from April 1, 2015, resultantly figures for the current quarter/year are not comparable to those of the previous quarter/year.
2. For the financial year including impact of amalgamation, Income from operations at Rs 2885 crores increased by 8% over the previous year driven by improved performance in branded tea operations. Profit from Operations at Rs 297 crores is higher than the previous year reflecting improved operating performance. Post impact of exceptional items, Profit after tax is Rs 289 crores.
3. For the quarter including impact of amalgamation, Income from operations at Rs 671 crores increased by 6% over corresponding quarter of previous year reflecting improved performance in the branded tea operations. Profit from operations at Rs 81 crores is higher than corresponding quarter of previous year reflecting improved operating performance. Tax expense for the quarter includes credit of Rs 48 crores on account of tax losses available on amalgamation and tax write backs relating to earlier years. Post impact of exceptional items, Profit after tax is Rs 43 crores.
4. The financial results include the following under Exceptional Items :
In Rs Crores
Particulars | Year ended | |
Mar 31 2015 | Mar 31 2014 | |
Profit on sale of property in Bangalore | - | 192 |
Profit on sale of long term investment | - | 35 |
Expenditure on product development | - | (14) |
Expenditure on post retirement pension obligation | - | (15) |
Expenditure on new initiatives and restructuring activities | (7) | (6) |
Provision against long term investment/ Impairment/obligations relating to an Overseas Joint Venture Company* | (62) | (20) |
Income/(Expenditure) - Net | (69) | 172 |
*Relates to non branded business in China on account of delays technology for an enhanced product range.
5. 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 2015 | Dec 31 2014 | Mar31 2014 | Mar 31 2015 | Mar 31 2014 | |
Earnings per share - Rs* | 0.68 | 0.90 | 1.64 | 4.58 | 7.23 |
Earnings per share - Rs* Excluding impact of exceptional items | 1.72 | 0.90 | 1.68 | 5.63 | 5.07 |
*not annualised for the quarter end
6. During the year, the Company has with effect from 1 April 2015, adopted estimated useful life of fixed assets as stipulated by Schedule II to the Companies Act 2014 or re-assessed useful life based on technical evaluation. The consequential impact (after considering the transition provision specified in Part C of Schedule II of Companies Act, 2014) on the depreciation charged and on the results for the quarter and year to date is not material
7. As the Company's reportable 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" specified under section 133 of the Companies Act, 2014 read with Rule 7 of the Companies (Accounts) Rules, 2015, are not applicable.
8. 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 |
2 | 5 | 7 | - |
9. Previous period's figures have been rearranged / regrouped to the extent necessary, to conform to current period's figures.
10. Figures of the quarter ended March 31, 2015 and March 31, 2015 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.
11. Statement of Asset and Liabilities as at march 31, 2015 along with comparatives is annexed.
12. 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, 2015.
13. The aforementioned results were reviewed by the Audit Committee of the Board on May 27, 2015 and subsequently taken on record by the Board of Directors at its Meeting held on May 28, 2015. The statutory auditors of the company have audited these results.
Cyrus P Mistry
(Chairman)
Mumbai: May 28, 2015
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
CIN L15491WB1962PLC031425, Email : Investor.relations@tataglobalbeverages.com,
Website : www.tataglobaIbeverages.com
Audited Statement of Assets and Liabilities as at March 31, 2015
Rs. In Lakhs
Particulars | As at March 31 2015 | As at March 31 2014 | |
Audited | Audited | ||
A | EQUITY AND LIABILITIES | ||
1 | SHAREHOLDERS' FUNDS | ||
(a) Share Capital | 6184 | 6184 | |
(b) Reserves and Surplus | 243854 | 251141 | |
(c) Share Suspense Account | 127 | - | |
Sub-total - Shareholders' funds | 250165 | 257325 | |
2 | Non-current liabilities | ||
(a) Long-term borrowings | 32500 | 32500 | |
(b) Other long-term liabilities | 7254 | 7254 | |
(c) Long-term provisions | 11402 | 8882 | |
Sub-total - Non-current liabilities | 51156 | 48636 | |
3 | Current Liabilities | ||
(a) Short-term borrowings | 15250 | 13151 | |
(b) Trade Payables | 14388 | 14929 | |
(c) Other current liabilities | 15348 | 15452 | |
(d) Short-term provisions | 19261 | 19912 | |
Sub-total - Current liabilities | 64247 | 63444 | |
TOTAL - EQUITY AND LIABILITIES | 365568 | 369405 | |
B | ASSETS | ||
1 | Non-current assets | ||
(a) Fixed Assets | 20461 | 16195 | |
(b) Non-current investments | 223186 | 240567 | |
(c) Deferred tax Assets | 4575 | 4955 | |
(d) Long-term loans and advances | 7179 | 4681 | |
(e) Other non-current assets | 7050 | 7050 | |
Sub-total - Non-current assets | 262451 | 273448 | |
2 | Current assets | ||
(a) Inventories | 81927 | 63592 | |
(b) Trade Receivables | 9362 | 11487 | |
(c) Cash & Bank balance | 2101 | 788 | |
(d) Short-term loans and advances | 9336 | 18992 | |
(e) Other current assets | 391 | 1098 | |
Sub-total - Current assets | 103117 | 95957 | |
TOTAL ASSETS | 365568 | 369405 |
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
CIN L15491WB1962PLC031425, Email : Investor.relations@tataglobalbeverages.com,
Website : www.tataglobaIbeverages.com
Rs. In Lakhs
Particulars | Unaudited Three Months Ended | Audited Year Ended | |||
March 31 2015 | December 31 2014 | March 31 2014 | March 31 2015 | March 31 2014 | |
Net Sales / Income from Operations (Net of excise duty) | 187458 | 210973 | 186569 | 783267 | 762198 |
Other Operating Income | 4807 | 3127 | 4424 | 16072 | 11563 |
Total Income from Operations (Net) | 192265 | 214100 | 190993 | 799339 | 773761 |
a) Cost of materials consumed | 91921 | 96012 | 83162 | 362512 | 352809 |
b) Purchase of stock-in-trade | 6661 | 6048 | 7360 | 26347 | 26356 |
c) Charges in inventories of finished goods, work in progress and stock-in-trade | (9779) | 1341 | (2235) | (5125) | (11419) |
d) Employee benefits expense | 22127 | 21289 | 19607 | 85767 | 79253 |
e) Depreciation & Amortization expense (Net of amount drawn from revaluation reserve) | 2566 | 3804 | 3664 | 13311 | 12906 |
f) Advertisement and Sales Charges | 30791 | 37706 | 34751 | 132557 | 140226 |
g) Other Expenses | 31708 | 31782 | 29283 | 119795 | 111347 |
Total Expenses | 175995 | 197982 | 175592 | 735164 | 711478 |
Profit from Operations before Other Income, Finance Cost & Exceptional Items | 16270 | 16118 | 15401 | 64175 | 62283 |
Other Income | 847 | 1161 | 1622 | 6998 | 8180 |
Profit from ordinary activities before Finance cost & Exceptional Items | 17117 | 17279 | 17023 | 71173 | 70463 |
Finance Cost | (1837) | (2678) | (2024) | (8186) | (8653) |
Profit from ordinary activities after Finance cost but before Exceptional Items | 15280 | 14601 | 14999 | 62987 | 61810 |
Exceptional items (Net) | (10252) | - | (1172) | (12999) | 8876 |
Profit from ordinary activities before Tax | 5028 | 14601 | 13827 | 49988 | 70686 |
Tax Expense | (3558) | (5775) | (3902) | (21552) | (18449) |
Profit after Tax | 1470 | 8826 | 9925 | 28436 | 52237 |
Share of Profit / (Loss) from associates | (2402) | 661 | (1953) | (1088) | (1287) |
Minority Interest in Consolidated Profit | 1322 | (1063) | (1042) | (2566) | (2899) |
Group Consolidated Net profit | 390 | 8424 | 6930 | 24782 | 48051 |
Paid up Equity Share Capital(face value of Rs. 1 each) | 6311 | 6184 | 6184 | 6311 | 6184 |
Reserves excluding Revaluation Reserve | 538845 | 574493 | |||
Earnings per share (Basic & Diluted) (not annualised for the quarter) - Rs | 0.06 | 1.36 | 1.12 | 3.93 | 7.77 |
PARTICULARS OF SHAREHOLDING | |||||
Public Shareholding | |||||
- Number of Shares | 401315380 | 401315380 | 401315380 | 401315380 | 401315380 |
- Percentage of Shareholding | 64.90% | 64.90% | 64.90% | 64.90% | 64.90% |
Promoters and Promoters Group Shareholding | |||||
(a) Pledged / Encumbered | |||||
Number of Shares | 11500000 | 11500000 | 11500000 | 11500000 | 11500000 |
- Percentage of shares ( as a percentage of the total shareholding of the promoter and promoter group ) | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% |
- Percentage of shares ( as a percentage of the total share capital of the company) | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% |
(b) Non Encumbered | |||||
Number of Shares | 205583190 | 205583190 | 205583190 | 205583190 | 176883190 |
- Percentage of shares ( as a percentage of the total shareholding of the promoter and promoter group ) | 94.70% | 94.70% | 94.70% | 94.70% | 94.70% |
- Percentage of shares ( as a percentage of the total share capital of the company) | 33.24% | 33.24% | 33.24% | 33.24% | 33.24% |
(*) includes 127.31 Lakhs shares to tar issued consequent to the amalgamation between Mount Everest Mineral Water Ltd and the Holding Company.
Notes:
1. For the financial year, Income from operations at Rs 7993 crores increased by 3% despite adverse translation impact. At previous year exchange rate the increase is 5%. Profit from operations of Rs 642 crores is 3% higher than the previous year. The increase in profits is mainly attributable to improved performance in branded business partially offset by lower profits in the non-branded business and higher spends on new entures. Post the adverse impact of exceptional items, the Group Consolidated Net Profit is Rs 248 crores.
2. For the quarter, Income from operations at Rs 1923 crores increased by 1% as compared to corresponding quarter of the previous year. At previous year exchange rate the increase is 7%. Profit from operations Rs 163 crores is 6% higher than the comparative quarter of the previous year. The increase in profits is mainly attributable to improved performance in some branded business coupled with improvements in plantation business. Post the adverse impact of exceptional items, the Group Consolidated Net Profit is Rs 4 crores.
3. The financial results includes following under Exceptional items:
In Rs Crores
Particulars | Year ended | |
Mar 31 2015 | Mar 31 2014 | |
Profit on sale of property | - | 195 |
Profit on sale of long term investments | - | 32 |
Realised profit - earlier unrecognised | - | 86 |
Loss on investments in a US based functional beverage company | - | (103) |
Reorganisation and Restructuring cost | (18) | (53) |
Impairment of assets* | 95 | - |
Loss on disposal of an investment | (18) | - |
Expenditure on long term initiatives | - | (23) |
Expenditure on post retirement pension obligation | - | (15) |
Product development cost | - | (10) |
Other exceptional items (Net) | 1 | (20) |
Income/(Expenditure) - Net | (130) | 89 |
* During the quarter, the Holding Company recognized a non-cash impairment loss relating to its businesses in China and Eastern Europe. The impairment relating to the China business is on account of delays in start up and stabilization of technology for an enhanced product range.In the case of Eastern Europe, the goodwill impairment mainly relates to Russia and to a lesser extent to Eastern European branded business. In Russia, the impairment is arising due to adverse macroeconomic environment with resultant adverse impact on interest and discounting rates used for impairment assessment.
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 2015 | Dec 31 2014 | Mar 31 2014 | Mar 31 2015 | Mar 31 2014 | |
Earnings per share - Rs* | 0.06 | 1.36 | 1.12 | 3.93 | 7.77 |
Earnings per share - Rs* Excluding the impact of exceptional items | 1.22 | 1.36 | 1.21 | 5.52 | 5.46 |
*not annualised for the quarter end
EPS, excluding the impact of exceptional items, for the year is in line with previous year.
5. During the year, the group has, with effect from April 1, 2014, reassessed the estimated useful life of fixed assets as stipulated by Schedule II of Companies Act 2013 or as appropriate based on technical evaluation. The consequential impact (after considering the transition provision specified in Part C of Schedule II to Companies Act 2013) on the depreciation charged and on the results for the quarter and year to date is not material.
6. Actuarial loss (net of tax and minority interest) of Rs 42.65 crores for the year (gain of Rs 19.14crores 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. Further, the current policy is consistent with IND-AS 19 - Employee Benefits (mandatorily applicable from April 1, 2016) wherein, the actuarial gains and losses on defined benefit plans are not required to be recognised in the Statement of Profit and Loss. Had the accounting policy of recognising 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 would have been lower by Rs 42.65 crores for the year (higher by Rs 19.14 crores for the quarter).
The Statutory Auditors have invited attention to this in their Audit Report.
7. Pursuant to the Scheme of Amalgamation and Arrangement (the Scheme") sanctioned by the Honorable High Court of Calcutta vide its order dated February 16, 2015 received on April 20,2015 and the Honorable High Court of Himachal Pradesh vide its order dated April 27, 2015,Mount Everest Mineral Water Limited (MEMW") a subsidiary of the Holding Company engaged in sourcing and selling of natural mineral water, merged with the Holding Company with effect from April 1, 2013 (the "appointed date"). The Scheme came into effect on May 18, 2015, the day on which both the orders were delivered to the respective Registrars of the Companies, and pursuant thereto the entire business and all the assets and liabilities, duties and obligations of MEMW have been transferred to and vested in the Holding Company with effect from April 1, 2013.
8. During the year, Tata Coffee Limited (TCL), Indian subsidiary of the Holding Company, has
merged with itself Alliance Coffee Limited (ACL), its wholly owned subsidiary vide the order dated November 20, 2014 of The High Court of Karnataka approving the scheme of merger with effect from April 1,2013 (the "appointed date").
9. 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# | Dec 31 | Mar 31 | Mar 31# | Mar 31 | |
2015 | 2014 | 2014 | 2015 | 2014 | |
Total Income from Operations (Net) | 671 | 779 | 633 | 2885 | 2683 |
Net Profit for the period | 43 | 56 | 101 | 289 | 447 |
Earnings per share - Rs* | 0.68 | 0.90 | 1.64 | 4.58 | 7.23 |
Earnings per share - Rs* Excluding impact of exceptional items | 1.72 | 0.90 | 1.68 | 5.63 | 5.07 |
1. Previous p
*not annualised for the quarter end
*not annualised for the quarter end
# reported numbers include impact of amalgamation of Mount Everest Mineral Water Ltd with the Holding Company which is not material.
10. Figures for the quarter ended March 31, 2015 and March 31, 2014 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.
11. Consolidated statement of Asset and Liabilities as at March 31, 2015 along with comparatives is annexed.
12. Previous period's figures have been regrouped / rearranged, to the extent necessary, to conform to current period's classifications.
13. The aforementioned results were reviewed by the Audit Committee of the Board on May 27, 2015 and subsequently taken on record by the Board of Directors at its Meeting held on may 28, 2015. The statutory auditors of the company have audited the annual results.
Cyrus P Mistry
(Chairman)
Mumbai: May 28, 2015
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
CIN L15491WB1962PLC031425, Email : Investor.relations@tataglobalbeverages.com,
Website : www.tataglobaIbeverages.com
Audited Consolidated Segment wise Revenue, Results and Capital Employed,
under Clause 41, of the Listing Agreement for the three months ended March 31, 2015
Rs. In Lakhs
Particulars | Unaudited Three Months Ended | Audited Year ended | |||
March 31 2015 | December 31 2014 | March 31 2014 | March 31 2015 | March 31 2014 | |
1. Segment Revenue | |||||
(a) Tea | 137602 | 158728 | 144052 | 588024 | 570120 |
(b) Coffee & Other Produce | 52004 | 53525 | 44784 | 201033 | 194749 |
(c) Others | 2659 | 1847 | 2157 | 10282 | 8892 |
Total Income from Operations (Net) | 192265 | 214100 | 190993 | 799339 | 773761 |
2. Segment Results | |||||
(a) Tea | 15285 | 16917 | 18809 | 61497 | 63442 |
(b) Coffee & Other Produce | 8326 | 4983 | 3255 | 26438 | 21458 |
(c) Others | (1375) | (1470) | (927) | (4426) | (3645) |
Total | 22236 | 20430 | 21137 | 83509 | 81255 |
Add/(Less) | |||||
i) Finance Cost | (1837) | (2678) | (2024) | (8186) | (8653) |
ii) Other Un-allocable items, Other Income and Exceptional Items | (15371) | (3151) | (5286) | (25335) | (1916) |
Profit from ordinary activities before Tax | 5028 | 14601 | 13827 | 49988 | 70686 |
3. Capital Employed | |||||
(a) Tea | 396443 | 440262 | 401237 | 396443 | 401237 |
(b) Coffee & Other Produce | 236868 | 248247 | 234947 | 236868 | 234947 |
(c) Others | 5465 | 24407 | 26018 | 5465 | 26018 |
(d) Unallocated including Investments | (1876) | (16881) | 15090 | (1876) | 15090 |
Total | 636900 | 696035 | 677292 | 636900 | 677292 |
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, 2015 Cyrus P Mistry
(Chairman)
Particulars | Three months ended | Year ended | |||
Mar 31 2015 | Dec 31 2014 | Mar 31 2014 | Mar 31 2015 | Mar 31 2014 | |
Total Income from Operations (Net) | 1922.65 | 2141.00 | 1909.93 | 7993.39 | 7737.61 |
Profit before exceptionals | 152.80 | 146.01 | 149.99 | 629.87 | 618.10 |
Exceptionals items (Net) | (102.52) | - | (11.72) | (129.99) | 88.76 |
Net profit before tax | 50.28 | 146.01 | 138.27 | 499.88 | 706.86 |
Net profit after tax | 14.70 | 88.26 | 99.25 | 284.36 | 522.37 |
Earnings per share - Rs* | 0.06 | 1.36 | 1.12 | 3.93 | 7.77 |
Earnings per share (before exceptional) - on Core operations Rs*
| 1.22 | 1.36 | 1.21 | 5.52 | 5.46 |
Dividend recommended - Rs. per share (Face Value Re 1 per share) | Rs.2.25 | Rs.2.25 |
*not annualised for the quarter end
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
CIN L15491WB1962PLC031425, Email : Investor.relations@tataglobalbeverages.com,
Website : www.tataglobaIbeverages.com
Audited Consolidated Statement of Assets and Liabilities as at March 31, 2015
Rs. In Lakhs
Particulars | As at March 31 | ||
2015 | 2014 | ||
A | EQUITY AND LIABILITIES | ||
1 | Shareholders' Funds | ||
Share Capital | 6184 | 6184 | |
Reserves and Surplus | 542968 | 578701 | |
Share Suspense Account | 127 | - | |
Sub-total - Shareholders' funds | 549279 | 584885 | |
2 | Minority Interest | 87622 | 92407 |
3 | Non-current Liabilities | ||
(a) Long-term borrowings | 88394 | 105375 | |
(b) Deferred Tax liabilities (Net) | 15642 | 13316 | |
(c) Other Long-term liabilities | 7957 | 8054 | |
(d) Long-term provisions | 22499 | 21851 | |
Sub-total - Non-current liabilities | 134492 | 148596 | |
4 | Current Liabilities | ||
(a) Short-term borrowings | 38203 | 34759 | |
(b) Trade Payables | 75937 | 76888 | |
(c) Other current liabilities | 38732 | 36803 | |
(d) Short-term provisions | 26918 | 25499 | |
Sub-total - Current liabilities | 179790 | 173949 | |
TOTAL - EQUITY AND LIABILITIES | 951183 | 999837 | |
B | ASSETS | ||
1 | Non-current assets | ||
(a) Fixed Assets | 107674 | 105233 | |
(b) Goodwill on Consolidation | 389212 | 418824 | |
(c) Non-current investments | 61776 | 60787 | |
(d)Deferred tax assets (net) | 5425 | 8691 | |
(e) Long-term loans and advances | 18932 | 13579 | |
(f) Other non-current assets | 7050 | 7050 | |
Sub-total - Non-current assets | 605473 | 518468 | |
2 | Current assets | ||
(a) Current investments | 426 | 310 | |
(b) Inventories | 162530 | 151846 | |
(c) Trade Receivables | 61609 | 65435 | |
(d) Cash & Bank balance | 54424 | 72523 | |
(e) Short-term loans and advances | 79159 | 92789 | |
(f) Other current assets | 2966 | 2770 | |
Sub-total - Current assets | 361114 | 385673 | |
TOTAL ASSETS | 951183 | 999837 |