13 Nov 2013 07:00
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
Audited Financial Results
for three months ended September 30, 2013
Rs. In Lakhs
Particulars | Three Months Ended | Year to date ended | Year Ended | |||
Sept 30 2013 | June 30 2013 | Sept 30 2012 | Sept 30 2013 | Sept 30 2012 | March 31 2013 | |
Net Sales / Income from Operations (Net of excise duty) | 63452 | 66665 | 53934 | 130117 | 110227 | 227784 |
Other Operating Income | 1750 | 1294 | 1302 | 3044 | 2017 | 4826 |
Total Income from Operations (Net) | 65202 | 67959 | 55236 | 133161 | 112244 | 232610 |
a) Cost of materials consumed | 45200 | 38556 | 37977 | 83756 | 71456 | 154927 |
b) Purchase of stock-in-trade | 38 | 45 | - | 83 | 113 | 113 |
c) Charges in inventories of finished goods and stock-in-trade | (1460) | 5497 | 274 | 4037 | 3058 | (3854) |
d) Employee benefits expense | 3444 | 3417 | 2708 | 6861 | 5472 | 12006 |
e) Depreciation & Amortization expense | 415 | 404 | 353 | 819 | 702 | 1639 |
f) Other Expenses | 13603 | 12008 | 11164 | 25611 | 21100 | 45567 |
Total Expenses | 61240 | 59927 | 52476 | 121167 | 101901 | 210398 |
Profit from Operations before Other Income, Finance Cost & Exceptional Items | 3962 | 8032 | 2760 | 11994 | 10343 | 22212 |
Other Income | 4798 | 1330 | 4166 | 6128 | 4842 | 11297 |
Profit from ordinary activities before Finance cost & Exceptional Items | 8760 | 9362 | 6926 | 18122 | 15185 | 33509 |
Finance Cost | 910 | 499 | 543 | 1409 | 844 | 3201 |
Profit from ordinary activities after Finance cost but before Exceptional Items | 7850 | 8863 | 6383 | 16713 | 14341 | 30308 |
Exceptional items (Net) | 15789 | 2498 | 3642 | 18287 | 3492 | 1787 |
Profit from ordinary activities before Tax | 23639 | 11361 | 10025 | 35000 | 17833 | 32095 |
Tax Expense | ||||||
a) Current Tax | 6554 | 3014 | 926 | 9568 | 3176 | 6779 |
b) Deferred Tax | (223) | (110) | (340) | (333) | (390) | (549) |
Net Profit for the period | 17308 | 8457 | 9439 | 25765 | 15047 | 25865 |
Paid up Equity Share Capital(face value of Rs. 1 each) | 6184 | 6184 | 6184 | 6184 | 6184 | 6184 |
Reserves excluding Revaluation Reserve | 223459 | |||||
Earnings per share (Basic & Diluted) (not annualised for the quarter) - Rs | 2.80 | 1.37 | 1.53 | 4.17 | 2.43 | 4.18 |
Debt Service Coverage Ratio (DSCR) | 12.86 | 17.99 | 1047 | |||
Interest Service Coverage Ratio (ISCR) | 12.86 | 17.99 | 1047 | |||
PARTICULARS OF SHAREHOLDING | ||||||
Public Shareholding | ||||||
- Number of Shares | 401315380 | 400715380 | 400715380 | 401315380 | 400715380 | 400715380 |
- Percentage of Shareholding | 64.90% | 64.80% | 64.80% | 64.90% | 64.80% | 64.80% |
Promoters and Promoters Group Shareholding | ||||||
(a) Pledged / Encumbered | ||||||
- Number of Shares | - | 40800000 | 40800000 | - | 40800000 | 40800000 |
- Percentage of shares ( as a percentage of the total shareholding of the promoter and promoter group ) | - | 18.74% | 18.74% | - | 18.74% | 18.74% |
- Percentage of shares ( as a percentage of the total share capital of the company) | - | 6.60% | 6.60% | - | 6.60% | 6.60% |
(b) Non Encumbered | ||||||
- Number of Shares | 217083190 | 176883190 | 176883190 | 217083190 | 176883190 | 176883190 |
- Percentage of shares ( as a percentage of the total shareholding of the promoter and promoter group ) | 100.00% | 81.26% | 81.26% | 100.00% | 81.26% | 81.26% |
- Percentage of shares ( as a percentage of the total share capital of the company) | 35.10% | 28.60% | 28.64% | 35.10% | 28.60% | 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. Total Operating Income for the quarter at Rs 652 crores grew by 18% over the corresponding quarter of the previous year driven mainly by improvement in branded operations. Profit from Operations at Rs 40 crores is higher by 44% from the corresponding quarter of the previous year driven by improved operating performance. After considering the favorable impact of exceptional items, the Profit after tax for the Quarter at Rs 173 crores improved by 83 % over the corresponding quarter of previous year.
2. Exceptional items during the quarter represent profit from sale of property in Bangalore Rs 192 crores net of expenditure on new product development Rs 3 crores, expenditure on revision of post retirement pension obligations of Rs 11 crores and provision against long term Investment Rs 20 crores pertaining to an overseas Joint Venture company engaged in non-branded business. Exceptional items for the corresponding quarter of previous year represent profit arising from Sale of Non Core investment Rs 51 crores net of expenditure on post retirement pension obligations Rs 11 crores and expenditure on new product development Rs 4 crores.
3. Earnings per share (EPS) (basic and diluted) for the quarter of Rs. 2.80 is higher than Rs 1.53 reported for the corresponding quarter of the previous year mainly due to improved operational performance and favorable impact of exceptional items. Net of the impact of exceptional items, EPS (basic and diluted) for the current quarter is higher at Rs. 0.91 as compared to Rs 0.86 for the corresponding quarter of the previous year.
4. During the month of July 2013, the Company had entered into an agreement with Tata Realty and Infrastructure Limited for the development of the Company's property in Bangalore through a Special Purpose Vehicle (SPV). The consideration for the transfer of the Company's property is Rs. 195 crores which was discharged by a mix of cash, securities in the SPV and constructed space in the property to be developed. The necessary transaction documents have been executed by the parties in this regard.
5. The Board of Directors of the Company has this day approved the scheme of merger of its subsidiary Mount Everest Mineral Water Ltd with the Company in terms of a scheme of amalgamation under Section 391-394 and other applicable provisions of the Companies Act, 1956. The appointed date of the scheme is 1st April 2013. The Scheme would become effective after receipt of all requisite statutory and court approvals, including shareholders approval.
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 off during the Quarter | Remaining unresolved at the end of the Quarter |
1 | 1 | 2 | - |
8. Statement of Assets and Liabilities as at September 30, 2013 is annexed.
9. Previous period's figures have been rearranged/ regrouped to the extent necessary, to conform to the current period's figures.
10. The aforementioned results were reviewed by the Audit Committee of the Board on November 12, 2013 and subsequently taken on record by the Board of Directors at its Meeting held on November 12, 2013. The statutory auditors of the company have audited these results.
Cyrus P Mistry
Mumbai, November 12, 2013 (Chairman)
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
Audited Statement of Assets and Liabilities as at September 30, 2013
Rs. In Lakhs
Particulars | As at Sept 30 2013 | As at March 31 2013 | |
Audited | Audited | ||
A | EQUITY AND LIABILITIES | ||
1 | SHAREHOLDERS' FUNDS | ||
(a) Share Capital | 6184 | 6184 | |
(b) Reserves and Surplus | 251002 | 225645 | |
Sub-total - Shareholders' funds | 257168 | 231829 | |
2 | Non-current liabilities | ||
(a) Long-term Provisions | 9447 | 7997 | |
Sub-total - Non-current liabilities | 9447 | 7997 | |
3 | Current Liabilities | ||
(a) Short-term borrowings | 42537 | 18357 | |
(b) Trade Payables | 28860 | 13592 | |
(c) Other current liabilities | 53705 | 52722 | |
(d) Short-term provisions | 7114 | 19524 | |
Sub-total - Current liabilities | 132216 | 104195 | |
TOTAL - EQUITY AND LIABILITIES | 398849 | 344021 | |
B | ASSETS | ||
1 | Non-current assets | ||
(a) Fixed Assets | 14838 | 15045 | |
(b) Non-current investments | 229615 | 222514 | |
(c) Deferred tax Assets | 2653 | 2320 | |
(d) Long-term loans and advances | 16799 | 4208 | |
Sub-total - Non-current assets | 263905 | 244087 | |
2 | Current assets | ||
(a) Current investments | |||
(b) Inventories | 89294 | 65156 | |
(c) Trade Receivables | 20456 | 10911 | |
(d) Cash & Bank balance | 9054 | 5052 | |
(e) Short-term loans and advances | 15111 | 18171 | |
(f) Other current assets | 1029 | 644 | |
Sub-total - Current assets | 134944 | 99934 | |
TOTAL ASSETS | 398849 | 344021 |
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
Unaudited Consolidated Financial Results
For the three months ended September 30, 2013
Rs. In Lakhs
Particulars | Three Months Ended | Year to date ended | Audited Year Ended | |||
Sept 30 2013 | June 30 2013 | Sept 30 2012 | Sept 30 2013 | Sept 30 2012 | March 31 2013 | |
Net Sales / Income from Operations (Net of excise duty) | 190623 | 179615 | 184257 | 370238 | 355745 | 727033 |
Other Operating Income | 2725 | 1731 | 2238 | 4456 | 3260 | 8065 |
Total Income from Operations (Net) | 193348 | 181346 | 186495 | 374694 | 359005 | 735098 |
(a) Cost of Material Consumed | 91620 | 82732 | 82850 | 174352 | 163591 | 336476 |
(b) Purchase of stock in trade | 6968 | 6618 | 6788 | 13580 | 15178 | 24377 |
(c) Changes in inventories of finished goods, work in progress and stock in trade | (4222) | (628) | 4011 | (4850) | 1463 | (4154) |
(d) Employee Benefits Expense | 20072 | 18668 | 17803 | 38740 | 35276 | 74011 |
(e) Depreciation and Amortization (net of amount drawn from Revaluation Reserve) | 3148 | 2878 | 2506 | 6026 | 5005 | 10510 |
(f) Advertisement and Sales charges | 36637 | 28767 | 32919 | 65404 | 60975 | 123896 |
(g) Other Expenses | 26493 | 24477 | 26007 | 50970 | 48327 | 103643 |
Total Expenses | 180710 | 163512 | 172884 | 344222 | 329815 | 668759 |
Profit from Operations before Other Income , Finance Costs & Exceptional Items | 12638 | 17834 | 13611 | 30472 | 29190 | 66339 |
Other Income | 3229 | 1834 | 3413 | 5063 | 5276 | 8601 |
Profit from ordinary activities before Finance Cost & Exceptional Items | 15867 | 19668 | 17024 | 35535 | 34466 | 74940 |
Finance Cost | (1813) | (2037) | (1096) | (3850) | (3215) | (8444) |
Profit from ordinary activities after Finance Cost but before Exceptional Items | 14054 | 17631 | 15928 | 31685 | 31251 | 66496 |
Exceptional Items (Net) | 9205 | 2163 | (1123) | 11368 | (1661) | (2817) |
Profit from ordinary activities before Tax | 23259 | 19794 | 14805 | 43053 | 29590 | 63679 |
Tax Expense | ||||||
(a) Current Tax | (8771) | (6199) | (3102) | (14970) | (8015) | (17715) |
(b) Deferred Tax | 1568 | (6) | 1106 | 1562 | 1094 | 1308 |
Profit after Tax | 16056 | 13589 | 12809 | 29645 | 22669 | 47272 |
Share of Profit/(Loss) from Associates | 408 | (926) | 1166 | (518) | 523 | (2766) |
Minority Interest in Consolidated Profit | 1539 | (1500) | (2071) | 39 | (3519) | (7231) |
Group Consolidated Net Profit | 18003 | 11163 | 11904 | 29166 | 19673 | 37275 |
Paid-up equity share capital (Face value of Re 1 each) | 6184 | 6184 | 6184 | 6184 | 6184 | 6184 |
Reserves excluding Revaluation Reserves | 470448 | |||||
Earnings per share (Basic & Diluted)(not annualised for quarter end) - Rs | 2.91 | 1.81 | 1.92 | 4.72 | 3.18 | 6.03 |
PARTICULARS OF SHAREHOLDING | ||||||
Public Shareholding | ||||||
-Number of Shares | 401315380 | 400715380 | 400715380 | 401315380 | 400715380 | 400715380 |
-Percentage of Share holding | 64.90% | 64.80% | 64.80% | 64.90% | 64.80% | 64.80% |
Promoters and Promoters Group Shareholding | ||||||
(a) Pledged/ Encumbered | ||||||
- Number of shares | - | 40800000 | 40800000 | - | 40800000 | 40800000 |
-Percentage of Shares (as a percentage of the total shareholding of the promoter and promoter group) | - | 18.74% | 18.74% | - | 18.74% | 18.74% |
-Percentage of Shares (as a percentage of the total share Capital of the Company) | - | 6.60% | 6.60% | - | 6.60% | 6.60% |
(b) Non Encumbered | ||||||
- Number of shares | 217083190 | 176883190 | 176883190 | 217083190 | 176883190 | 176883190 |
-Percentage of Shares (as a percentage of the total shareholding of the promoter and promoter group) | 100.00% | 81.26% | 81.26% | 100.00% | 81.26% | 81.26% |
-Percentage of Shares (as a percentage of the total share Capital of the Company) | 35.10% | 28.60% | 28.60% | 35.10% | 28.60% | 28.60% |
Notes:
1. For the quarter, Income from operations at Rs 1933 crores increased by 4% year on year reflecting good performance in some key markets coupled with favourable foreign exchange translation impact. Profit from operations at Rs 126 crores is lower due to higher investment behind brands and new initiatives during the quarter. After considering exceptional items Group Consolidated Net Profit is 51% higher than the same period in the previous year mainly reflecting the favourable impact of exceptional items.
2. Exceptional items for the quarter represents profit on sale on property in Bangalore amounting to Rs 192 crores (refer note 3), an income of Rs 86 crores of realised profits, earlier unrecognized and relating to earlier year partly offset by impairment of investments, including loan notes, in a US based functional beverage Company, as further investments have been discontinued, of Rs 107 crores (net of write back from foreign currency translation reserve of Rs 56 crores), cost relating to business restructuring of Rs 41 crores, inventory write off based on technical evaluation of Rs 11 crores, expenditure on post retirement benefit obligation of Rs 11 crores, long term initiatives/product development/other costs of Rs 9 crores and Rs 7 crores on account of amortisation arising out of adoption of new amortisation policy for brands held by an overseas subsidiary. In the corresponding period of the previous year exceptional items consisted of costs relating to business restructuring Rs 37 crores, expenditure on post retirement benefit Rs 20 crores (net) and expenditure on long term initiative and new projects of Rs 6 crores offset by profit on sale of non core investments Rs 51 crores.
3. During the month of July 2013, the Holding Company had entered into an agreement with Tata Realty and Infrastructure Limited for the development of the Holding Company's property in Bangalore through a Special Purpose Vehicle (SPV). The consideration for the transfer of the Company's property is Rs. 195 crores which was discharged by a mix of cash, securities in the SPV and constructed space in the property to be developed. The necessary transaction documents have been executed by the parties in this regard.
4. Earnings per share (EPS) (basic and diluted) for the quarter at Rs 2.91 is higher than the corresponding period of prior year by 51% mainly due to favourable impact of exceptional items. Net of impact of exceptional items, EPS (basic and diluted) for the current quarter at Rs 1.32 is lower by 22% as compared to the corresponding period of the previous year.
5. Actuarial gains relating to defined benefit pension scheme of overseas subsidiaries of Rs 0.70 crores (net of tax and minority interest) for the quarter 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 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 for the quarter and six months ended September 2013 would have been higher by Rs 0.70 crores and Rs 21.23 crores respectively. The net profit for the interim periods as well as year reported is comparable and excludes the impact of actuarial gain/losses.
The Statutory Auditors have invited attention to this in their Limited Review report.
6. The Board of Directors of the Holding Company has this day approved the scheme of merger of its subsidiary Mount Everest Mineral Water Ltd 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 appointed date of the scheme is 1st April 2013. The Scheme would become effective after receipt of all requisite statutory and court approvals, including shareholders approval.
7. 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 | Six Months ended | Audited Year Ended | |||
Sept. 30 2013 | June 30 2013 | Sept. 30 2012 | Sept. 30 2013 | Sept. 30 2012 | March 31 2013 | |
Total Income from Operations (Net) | 652 | 680 | 552 | 1332 | 1122 | 2326 |
Net Profit for the period | 173 | 85 | 94 | 258 | 150 | 259 |
Earnings per share - Rs* | 2.80 | 1.37 | 1.53 | 4.17 | 2.43 | 4.18 |
Earnings per share - Rs* excluding impact of exceptional items | 0.91
| 1.01
| 0.86
| 1.92
| 1.78
| 3.71
|
* not annualised for the quarter end
8. Statement of Assets and Liabilities as at September 30, 2013 is annexed.
9. Previous period's figures have been regrouped / rearranged, to the extent necessary, to conform to current period's classifications.
10. The aforementioned results were reviewed by the Audit Committee of the Board on November 12, 2013 and subsequently taken on record by the Board of Directors at its Meeting held on November 12, 2013. The Statutory Auditors of the company have conducted a limited review of these results.
Cyrus P Mistry
Mumbai, November 12, 2013 (Chairman)
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
Unaudited Consolidated Segment wise Revenue, Results and Capital Employed,
under Clause 41, of the Listing Agreement for the three months ended September 30, 2013
Rs. In Lakhs
Particulars | Three Months Ended | Six Months ended | Audited Year Ended | |||
Sept. 30 2013 | June 30 2013 | Sept. 30 2012 | Sept. 30 2013 | Sept. 30 2012 | March 2013 | |
1. Segment Revenue | ||||||
(a) Tea | 137024 | 131740 | 131430 | 268764 | 254464 | 532796 |
(b) Coffee & Other Produce | 53974 | 46855 | 53504 | 100829 | 100557 | 194662 |
(c) Others | 2347 | 2751 | 1536 | 5098 | 3959 | 7599 |
(d) Unallocated | 3 | 0 | 25 | 3 | 25 | 41 |
Total Income from Operations (Net) | 193348 | 181346 | 186495 | 374694 | 359005 | 735098 |
2. Segment Results | ||||||
(a) Tea | 12182 | 14582 | 10844 | 26764 | 24196 | 54432 |
(b) Coffee & Other Produce | 6017 | 8399 | 8430 | 14416 | 14691 | 28919 |
(c) Others | (639) | (1280) | (897) | (1919) | (1642) | (2559) |
Total | 17560 | 21701 | 18377 | 39261 | 37245 | 80792 |
Add/(Less) | ||||||
i) Finance Cost | (1813) | (2037) | (1096) | (3850) | (3215) | (8444) |
ii) Other Un-allocable items, Investment Income and Exceptional Items | 7512 | 130 | (2476) | 7642 | (4440) | (8669) |
Profit from ordinary activities before Tax | 23259 | 19794 | 14805 | 43053 | 29590 | 63679 |
3. Capital Employed | ||||||
(a) Tea | 424758 | 371256 | 354529 | 424758 | 354529 | 344511 |
(b) Coffee & Other Produce | 242993 | 231874 | 208340 | 242993 | 208340 | 207928 |
(c) Others | 24359 | 22880 | 23741 | 24359 | 23741 | 22460 |
(d) Unallocated including Investments | (2462) | (1043) | 10435 | (2462) | 10435 | (12496) |
Total | 689648 | 624967 | 597045 | 689648 | 597045 | 562403 |
Notes:
a. Business Segments: The internal business segmentation and the activities encompassed therein are as follows:
Tea : Cultivation & manufacture of black tea and instant tea, tea buying/ blending and sale of tea in bulk or value added form. Coffee and Other Produce : Cultivation of coffee, pepper and other plantation crops and conversion of coffee into value added products such as roast and ground coffee & instant coffee and sales thereof.
Others : Sale of Natural Mineral Water, other minor crops and curing operations of coffee and trading of items required for coffee plantations.
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 period's figures have been regrouped/rearranged to the extent necessary, to conform to current period's classifications.
Cyrus Mistry
Mumbai: November 12, 2013 (Chairman)
Rs. in Crores
Particulars | Three Months Ended | Year to date ended | Audited Year Ended | |||
Sept. 30 2013 | June 30 2013 | Sept. 30 2012 | Sept. 30 2013 | Sept. 30 2012 | March 31 2013 | |
Total Income from Operations (Net) | 1933.48 | 1813.46 | 1864.95 | 3746.94 | 3590.05 | 7350.98 |
Profit before Exceptional | 140.54 | 176.31 | 159.28 | 316.85 | 312.51 | 664.96 |
Exceptionals Items (Net) | 92.05 | 21.63 | (11.23) | 113.68 | (16.61) | (28.17) |
Net Profit before Tax | 232.59 | 197.94 | 148.05 | 430.53 | 295.90 | 636.79 |
Net Profit after Tax | 160.56 | 135.89 | 128.09 | 296.45 | 226.69 | 472.72 |
Earnings per Share - Rs* | 2.91 | 1.81 | 1.92 | 4.72 | 3.18 | 6.03 |
Earnings per Share (Before Exceptionals)- on Core Operations - Rs * | 1.32 | 1.49 | 1.70 | 2.81 | 3.00 | 5.95 |
Dividend - Rs per share (Face Value Re 1 per Share) | Rs 2.15 |
* Not annualised for the quarter
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
Unaudited Consolidated Statement of Assets and Liabilities as at September 30, 2013
Rs. In Lakhs
Particulars | As at Sept. 30 2013 | As at March 31 2013 | |
A | EQUITY AND LIABILITIES | ||
1 | Shareholders' Funds | ||
(a) Share Capital | 6184 | 6184 | |
(b) Reserves and Surplus | 588961 | 474828 | |
Sub-total - Shareholders' Funds | 595145 | 481012 | |
2 | Minority Interest | 94503 | 81391 |
3 | Non-current liabilities | ||
(a) Long-term borrowings | 75311 | 67270 | |
(b) Deferred tax liabilities (net) | 4999 | 5396 | |
(c) Other long-term liabilities | 933 | 9241 | |
(d) Long-term provisions | 22582 | 20315 | |
Sub-total - Non-current liabilities | 103825 | 102222 | |
4 | Current Liabilities | ||
(a) Short-term borrowings | 64984 | 34413 | |
(b) Trade payables | 98092 | 79077 | |
(c) Other current liabilities | 77073 | 70274 | |
(d) Short-term provisions | 15172 | 30999 | |
Sub-total - Current liabilities | 255321 | 214763 | |
TOTAL - EQUITY AND LIABILITIES | 1048794 | 879388 | |
B | ASSETS | ||
1 | Non-current assets | ||
(a) Fixed Assets | 102847 | 92689 | |
(b) Goodwill on Consolidation | 428078 | 359812 | |
(c) Non-current investments | 58076 | 57603 | |
(d) Long-term loans and advances | 19697 | 8364 | |
(e) Other non-current assets | 534 | - | |
Sub-total - Non-current assets | 609232 | 518468 | |
2 | Current assets | ||
(a) Current investments | 247 | 191 | |
(b) Inventories | 180153 | 138292 | |
(c) Trade Receivables | 80771 | 71292 | |
(d) Cash and Bank balance | 91204 | 69770 | |
(e) Short-term loans and advances | 83380 | 79242 | |
(f) Other current assets | 3807 | 2133 | |
Sub-total - Current assets | 439562 | 360920 | |
TOTAL ASSETS | 1048794 | 879388 |