HERO MOTORCORP

INR CRORES
Balance Sheet

PARTICULARS 17-Mar 18-Mar

ASSETS

NON-CURRENT ASSETS

Property, plant and equipment 4,495.0 4,771.4

Capital work-in-progress 386.5 239.0
Intangible assets 103.8 189.6
Intangible assets under development 194.5 116.5
Equity accounted investments in associates 1,025.4 1,159.6
Investments 496.9 918.5
Loans to employees 23.1 22.3
Security deposits 25.4 23.6
Income tax assets (net) 332.5 394.5
Other non-current assets 658.4 559.6

TOTAL NON CURRENT ASSETS 7,741.5 8,394.5

CURRENT ASSETS 17-Mar 18-Mar

Inventories 708.6 962.7

Investments 4544.1 5591.1

Trade receivables 1551.8 1427.0
Cash and cash equivalents 74.1 130.6
Bank balances other than (iii) above 121.3 107.0
Loan to employees 21.7 21.4
security deposit 3.2 7.1
Other financial assets 145.0 543.3
Other current assets 400.8 212.1

TOTAL CURRENT ASSETS 7570.5 9002.2

TOTAL ASSETS 15312.0 17396.7

PARTICULARS 17-Mar 18-Mar

NON CURRENT LIABILITES 39.9 39.9

10275.6 11931.5
Equity share capital 67.4 93.2
Other equity 207.9 149.6
Non-controlling interests 16.2 25.9
Borrowings LONG TERM 59.5 93.2
Employee benefits 468.9 581.9
Warranties
Deffered Tax Liabilities 11135.4 12915.3

TOTAL NON - CURRENT LIABILITIES 17-Mar 18-Mar

CURRENT LIABILITIES 40.1 75.4

3266.2 3375.3
SHORT TERM borrowing 308.7 147.8
Trade Payables 62.5 57.7
Other financial liabilities 456.6 765
Security deposits dealers and others 5.1 5.4
other current liabilities 37.5 54.9
employee benefits
warranties 4176.7 4481.5

TOTAL CURRENT LIABILTIES 15312.1 17396.8

TOTAL LIABILITIES

INCOME STATEMENT

PARTICULARS 17-Mar 18-Mar

Revenue from operations 30984 33101

OPERATING EXPENSES
cost of mterials consumed (19,116) (21,886)
exicse duty on sale of goods (2,373) (643)
employee benefits expenses (1,432) (1,584)
other expenses (3,486) (3,664)
TOTAL OPERATING EXPENSES (26,407) (27,777)

EBITDA 4,577 5,324

depriciation and amortisation expenses (502) (575)
EBIT 4,075 4,749

NON OPERATING
finance costs (27) (31)

share in profit/loss of associate 55 50

gain of diluation of interest in associate 262 -
other income 522 523

PROFIT BEFORE TAX 4885 5292

TOTAL EXPENSES 290 19

TAX EXPENSE (1,339) (1,570)

PROFIT AFTER TAX / NET PROFIT 3,546 3,722

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