MCA - FY12 - Anheuser-Busch InBev India PVT LTD

SABMILLER INDIA LIMITED
Standalone Balance Sheet for period 01/04/2011 to 31/03/2012
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR
01/04/2011 01/04/2010
to to
31/03/2012 31/03/2011
Name of company SABMILLER INDIA LIMITED
Corporate identity number U65990MH1988PLC049687
Permanent account number of entity AAICS2238R
Solitaire Corporate Park
10, Unit No.1021, 2nd
Floor, Survey No.131-A,
Address of registered office of company Chakala, Andheri-Kurla
Road, Andheri East,
Mumbai 400 093
Commercial and
Type of industry Industrial
Date of board meeting when final accounts were approved 15/05/2012
Date of start of reporting period 01/04/2011 01/04/2010
Date of end of reporting period 31/03/2012 31/03/2011
Nature of report standalone consolidated Standalone
Content of report Balance Sheet
Description of presentation currency INR
Level of rounding used in financial statements Actual
Type of cash flow statement Indirect Method
Disclosure of principal product or services [Table] ..(1)

Types of principal product or services [Axis] Product1
01/04/2011
to
31/03/2012
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 2203
BEER MADE
Description of product or service category FROM MALT
Turnover of product or service category 2,987,06,79,866
Highest turnover contributing product or service (ITC 8 digit) code 22030000
Description of product or service Beer
Unit of measurement of highest contributing product or service LTR
Turnover of highest contributing product or service 2,987,06,79,866
Quantity of highest contributing product or service in UoM 45,82,38,115
[400400] Disclosures - Directors report
Disclosures relating to employee stock purchase scheme [Table] ..(1)

Categories of employee stock purchase scheme [Axis] ESOP1
01/04/2011
to
31/03/2012
Disclosures relating to employee stock purchase scheme [Abstract]
Disclosures relating to employee stock purchase scheme [LineItems]
Number of shares issues in employee stock purchase scheme [shares] 0
Price at which shares are issued [shares] 0
Consideration received against issuance of shares 0
SABMILLER INDIA LIMITED Standalone Balance Sheet for period 01/04/2011 to 31/03/2012
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] DirectorBR1 DirectorBR2
01/04/2011 01/04/2011
to to
31/03/2012 31/03/2012
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director Harald Graham Paolo Alberto
Last name of director Harvey Francesco Lanzarotti
Designation of director Director Managing Director
Director identification number of director 05216369 02799822
Date of signing board report 15/05/2012 15/05/2012

01/04/2011
to
31/03/2012
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Description of state of companies affair [See below]
DividendAs the Company
has incurred loss during
the year, the Directors
Disclosures relating to dividends do not recommend any
dividend on the equity
capital.
Details regarding energy conservation [See below]
B. Technology
AbsorptionThe company
has not made any purchases
of technology or made
Details regarding technology absorption payments towards
transfer of technology
during the year under
review.
C. Foreign Exchange
Earnings and OutgoDuring
the year, the Company has
earned Rs.32.03 Crores
Details regarding foreign exchange earnings and outgo in foreign exchange. An
amount of Rs.64.54 Crores
was incurred in foreign
exchange.
Particulars of employees as per provisions of section 217 [See below]
Disclosures in director’s responsibility statement [See below]
Director's comments on qualification(s), reservation(s) or adverse
None
remark(s) of auditors as per board's report
Expenditure on social development [See below]
Disclosures relating to employee stock purchase scheme explanatory
[TextBlock]
2
Disclosure in board of directors report explanatory [Text Block]

Directors" Report
Dear Members,
Your Directors have pleasure in presenting their 23rd Report and the Statement of accounts for the year ended 31st March 2012.
Financial Results
(Rupees in Crores)
Financial Year Financial Year
2011-12 2010-11
Gross Revenue 2,987.07 2,487.86
Profit/(Loss) before taxation (119.26) (60.36)
Less: Provision for taxation 0.15 (0.22)
Profit/(Loss) after taxation (119.41) (60.14)
In this annual report, the current year figures are not comparable with the previous year, in view of demerger of beer business of SABMiller
3
Breweries Private Limited into your company during the current year
Operations
The revenue of your Company during the year 2011-12 has significantly improved. The turnover increased by 20% to Rs. 2,987 Crores (includes
Rs. 205 Crores of demerged beer business of SABMiller Breweries Private Limited) from Rs. 2,487 Crores in the previous year. Increase in
volume is mainly contributed by increasing market share in Andhra Pradesh, leveraging of industry growth in Rajasthan and Karnataka,
innovation led growth in Maharashtra and also the addition of sales of SABMiller Breweries Private Limited whose Brewery business was
demerged and transferred to your company. Cash losses for the year are mainly due to high interest cost on working capital to meet higher sales
volume and borrowings for capital expenditure, unplanned maintenance work in breweries, higher actuarial valuation of leave salary and gratuity
and absorption of loss incurred by brewing business of SABMiller Breweries Private Limited. There is a thrust on reduction in operating expenses
by stringent controls and monitoring. Due to rising interest cost and utilisation of short-term funds towards long-term purposes, your company is
evaluating various options of recapitalising the business.
The capacity of the company has been augmented by entering into contract packing arrangements in the States of Orissa and Punjab. The
introduction of proprietary bottle has also paid rich dividend and the company is able to obtain return of its bottles at competitive rates. Efforts by
other brewers to use the bottles introduced by the company have been successfully defended.
Your company has introduced many innovations and variants during the year under review and has expanded its portfolio. Miller HighLife,
Fosters Strong and Royal Challenge Strong beers have been launched. Your Company also introduced beer in convenient packs of 250 ml. All
these brands and variants have shown encouraging trends in the markets they have been introduced.
Your Board enjoys the unqualified support of all its financiers whose confidence in the future of your company is evidenced by the fact that all
borrowings have been made without the bankers taking any charges over your company"s assets and are used for both short term and long term
purposes.
Demerger of Beer business of SABMiller Breweries Private Limited into your Company
During the year under review, the beer business of SABMiller Breweries Private Limited, a company of SABMiller Group has been demerged
into your Company vide the Order passed by the Hon"ble High Court of Bombay on 29th March 2012 sanctioning the Scheme of Arrangement.
Consequent to the demerger, the beer business of SABMiller Breweries Private Limited which inter alia includes all the assets and liabilities,
employees, all licences and permits of the beer business stand transferred to your Company. Accordingly, all the breweries of the SABMiller
Group in India are now under the control of your company.
Material changes subsequent to financial year end
There are no material changes since the financial year end which would affect the financial position of the company.
Dividend
As the Company has incurred loss during the year, the Directors do not recommend any dividend on the equity capital.
Sustainable Development and Corporate Social Responsibility
As a part of Ten Priorities One Future sustainable development programme of the SABMiller Group, your company continued with many
4
corporate social responsibility initiatives during the year under review.
Campaign on Responsible Drinking
To promote responsible consumption, your company initiated a number of awareness programmes and partnerships with community stakeholders
across the country.
Respect the Road campaign was launched in Gurgaon to address increase in cases of drunken driving in partnership with Gurgaon Traffic Police.
Special messaging around festivals such as Holi and New Year were carried out.
Phase two of the mass communication campaign on responsible drinking in Puducherry in partnership with a local NGO (SONIC) was launched
in October.
Contributing to reduction of HIV / AIDS
The Company is working towards the reduction of HIV / AIDS through various initiatives targeting different sections of society. The Company
understands that awareness is crucial for HIV / AIDS control. Company"s interventions are targeted towards key stakeholders, which includes
high risk stakeholders as being truck drivers who transport tonnes of raw materials and our products to the market.
AIDS Awareness Programme under the banner Humsafar launched in 2008 in Rajasthan particularly targeting the truck drivers is continued with
vigour and now stands extended to many more breweries including Karnataka, Puducherry, Haryana and Andhra Pradesh. Truck Drivers have
shown keen interest in knowing the consequences of person afflicted with HIV and how to avoid such a situation. We believe that our
programmes have benefited many truckers and their families.
Water Projects
Your company continued with its initiatives for conservation of water and in this direction Water assessment for six breweries has been carried
out and Water structure has been constructed in Chomu in Jaipur District of Rajasthan.
The ground water management initiative of your company in Neemrana, Rajasthan has led to rise of water to approximately 24 feet around three
ground water recharge structure. Further, your company"s said initiatives recharged the entire amount of ground water of 30,000 cubic meter
extracted in 2010.
Barley Development
Your company"s attempt at improving the quality of its barley procurement and simultaneously raising the quality of farmers has shown good
result. With a view to securing good quality barley, your company initiated steps with farmers to provide them access to good quality seeds,
agronomical advice and training to enhance the quality of the crops. Farmers are also provided information on proper irrigation, fertilizer usage
and harvesting.
Such steps enabled farmers to have assured market for their product, transparent transactions and fair pricing. The programme has improved
5
barley yield by 20% to 25% and better price realization to farmers as they sell directly to your company avoiding the intermediaries. Better yield
coupled with preferential price translate into real income hike for farmers.
Directors
In accordance with the Articles of Association, Mr. Mathew James Dunn and Mr. T S R Subramanian, Directors of the Company retire by
rotation at this Annual General Meeting and being eligible, offer themselves for reappointment.
During the year Mr. Harald Graham Harvey was appointed as an Additional Director of the Company, whose term of office expires at this Annual
General Meeting and is eligible for re-appointment.
Audit Committee
Pursuant to the provisions of Section 292A of the Companies Act, 1956 the Audit Committee has been reconstituted. The present members of the
Committee are Mr. Harald Harvey, Mr. Ari Mervis, Mr. Mathew Dunn, Ms. Sue Clark and Mr. Paolo Lanzarotti. Mr. Mathew Dunn is the
Chairman of the Committee.
Auditors
M/s B S R and Co., Chartered Accountants, retiring Auditors, have signified their willingness to be reappointed as Statutory Auditors of the
Company. They have confirmed that their reappointment, if made, will be within the limits prescribed under Section 224(1B) of the Companies
Act, 1956. Your Directors recommend their appointment at the ensuing Annual General Meeting.
Public Deposit
During the year, the Company has not accepted any public deposits as defined in the Companies (Acceptance of Deposits) Rules, 1975.
Particulars of Employees
The details of employees covered under the provisions of Section 217 (2A) of the Companies Act, 1956 and the rules framed there under, as
amended to date are enclosed as an Annexure to the Report.
Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo
The Statement pursuant to Section 217 (1) (e) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of
Board of Directors) Rules, 1988 to the extent applicable are set out in the annexure hereto.
Directors" Responsibility Statement under Section 217(2AA) of the Companies Act, 1956
Your Directors state that:
6
1. The financial statements have been prepared in conformity with the generally accepted accounting principles and applicable accounting
standards in India.
2. The Directors have selected such accounting policies as are applicable and have applied them consistently and made reasonable and prudent
judgment and estimates so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit or
loss for the year.
3. The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of
the Companies Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.
4. The financial statements have been prepared on the basis of Going Concern considering the ability of the Company to carry on its business in
the foreseeable future.
The internal controls are operating effectively. During the year, two employees misappropriated funds of the company. With internal controls in
place this was detected at an early stage and financial loss was restricted to Rs.7,35,630. Services of the employees were immediately terminated.
Acknowledgement
Your Directors wish to place on record their appreciation for contribution made by employees at all levels. The Directors would also like to
acknowledge the continued support extended by Bankers, Distributors, Shareholders, Customers and Suppliers.
FOR AND ON BEHALF OF THE BOARD
Harald Harvey Paolo Lanzarotti
Place: Bangalore
Date: 15th May, 2012
Disclosure as per the Companies (Disclosure of Particulars in the Report of Directors) Rules, 1988
A. Conservation of Energy
Energy efficiency in breweries is achieved through a process of continuous improvement. The Company continues to identify opportunities
through benchmarking globally against breweries of the SABMiller group.
7
The company has a robust energy management practice that involves:
1. Extensive benchmarking against global standards across SABMiller group.
2. Energy collaboration forum started to share knowledge and implement cross brewery best-in-class practices very quickly.
3. Routine reviews of investments for energy improvements initiatives. For example Variable Speed Drives on refrigeration equipment, resizing
of the Boilers are done on a continuous basis. Such investments are made at appropriate times after a thorough review of benefits, costs, existing
practices and people capabilities.
4. Manufacturing way (Mway) introduced in most of the breweries in India. Mway is a global SABMiller practice that targets systematic
improvement of operation efficiencies through practices like Teamwork and Asset care. A significant part of energy savings is due to such
improved operation practices.
5. We continue to invest in our people. Four of our operation personnel have been certified as accredited Energy Auditors / Energy Managers
from the Bureau of Energy Efficiency to drive continuous improvement in energy utilization in breweries.
B. Technology Absorption
The company has not made any purchases of technology or made payments towards transfer of technology during the year under review.
C. Foreign Exchange Earnings and Outgo
During the year, the Company has earned Rs.32.03 Crores in foreign exchange. An amount of Rs.64.54 Crores was incurred in foreign exchange.
FOR AND ON BEHALF OF THE BOARD
Harald Harvey Paolo Lanzarotti
Place: Bangalore
Date: 15th May, 2012
Description of state of companies affair

Financial Results(Rupees in Crores)Financial YearFinancial Year2011-122010-11Gross Revenue2,987.072,487.86Profit/(Loss) before
taxation(119.26)(60.36)Less: Provision for taxation0.15(0.22)Profit/(Loss) after taxation(119.41)(60.14)In this annual report, the current year
figures are not comparable with the previous year, in view of demerger of beer business of SABMiller Breweries Private Limited into your
company during the current year
8
Details regarding energy conservation

A. Conservation of EnergyEnergy efficiency in breweries is achieved through a process of continuous improvement. The Company continues to
identify opportunities through benchmarking globally against breweries of the SABMiller group.The company has a robust energy management
practice that involves:1.Extensive benchmarking against global standards across SABMiller group.2.Energy collaboration forum started to share
knowledge and implement cross brewery best-in-class practices very quickly.3.Routine reviews of investments for energy improvements
initiatives. For example Variable Speed Drives on refrigeration equipment, resizing of the Boilers are done on a continuous basis. Such
investments are made at appropriate times after a thorough review of benefits, costs, existing practices and people capabilities.4.Manufacturing
way (Mway) introduced in most of the breweries in India. Mway is a global SABMiller practice that targets systematic improvement of operation
efficiencies through practices like Teamwork and Asset care. A significant part of energy savings is due to such improved operation
practices.5.We continue to invest in our people. Four of our operation personnel have been certified as accredited Energy Auditors / Energy
Managers from the Bureau of Energy Efficiency to drive continuous improvement in energy utilization in breweries.
Particulars of employees as per provisions of section 217

Particulars of EmployeesThe details of employees covered under the provisions of Section 217 (2A) of the Companies Act, 1956 and the rules
framed there under, as amended to date are enclosed as an Annexure to the Report.
Disclosures in director’s responsibility statement

Directors" Responsibility Statement under Section 217(2AA) of the Companies Act, 1956Your Directors state that: 1.The financial statements
have been prepared in conformity with the generally accepted accounting principles and applicable accounting standards in India.2.The Directors
have selected such accounting policies as are applicable and have applied them consistently and made reasonable and prudent judgment and
estimates so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit or loss for the
year.3.The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions
of the Companies Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities. 4.The financial
statements have been prepared on the basis of "Going Concern" considering the ability of the Company to carry on its business in the foreseeable
future.The internal controls are operating effectively. During the year, two employees misappropriated funds of the company. With internal
controls in place this was detected at an early stage and financial loss was restricted to Rs.7,35,630. Services of the employees were immediately
terminated.AcknowledgementYour Directors wish to place on record their appreciation for contribution made by employees at all levels. The
Directors would also like to acknowledge the continued support extended by Bankers, Distributors, Shareholders, Customers and Suppliers.FOR
AND ON BEHALF OF THE BOARDHarald Harvey Paolo LanzarottiPlace: BangaloreDate: 15th May, 2012
9
Expenditure on social development

Sustainable Development and Corporate Social ResponsibilityAs a part of "Ten Priorities One Future" sustainable development programme of the
SABMiller Group, your company continued with many corporate social responsibility initiatives during the year under review. Campaign on
Responsible DrinkingTo promote responsible consumption, your company initiated a number of awareness programmes and partnerships with
community stakeholders across the country."Respect the Road" campaign was launched in Gurgaon to address increase in cases of drunken
driving in partnership with Gurgaon Traffic Police. Special messaging around festivals such as Holi and New Year were carried out.Phase two of
the mass communication campaign on responsible drinking in Puducherry in partnership with a local NGO (SONIC) was launched in
October.Contributing to reduction of HIV / AIDSThe Company is working towards the reduction of HIV / AIDS through various initiatives
targeting different sections of society. The Company understands that awareness is crucial for HIV / AIDS control. Company"s interventions are
targeted towards key stakeholders, which includes high risk stakeholders as being truck drivers who transport tonnes of raw materials and our
products to the market.AIDS Awareness Programme under the banner "Humsafar" launched in 2008 in Rajasthan particularly targeting the truck
drivers is continued with vigour and now stands extended to many more breweries including Karnataka, Puducherry, Haryana and Andhra
Pradesh. Truck Drivers have shown keen interest in knowing the consequences of person afflicted with HIV and how to avoid such a situation.
We believe that our programmes have benefited many truckers and their families.Water ProjectsYour company continued with its initiatives for
conservation of water and in this direction Water assessment for six breweries has been carried out and Water structure has been constructed in
Chomu in Jaipur District of Rajasthan.The ground water management initiative of your company in Neemrana, Rajasthan has led to rise of water
to approximately 24 feet around three ground water recharge structure. Further, your company"s said initiatives recharged the entire amount of
ground water of 30,000 cubic meter extracted in 2010. Barley DevelopmentYour company"s attempt at improving the quality of its barley
procurement and simultaneously raising the quality of farmers has shown good result. With a view to securing good quality barley, your company
initiated steps with farmers to provide them access to good quality seeds, agronomical advice and training to enhance the quality of the crops.
Farmers are also provided information on proper irrigation, fertilizer usage and harvesting.Such steps enabled farmers to have assured market for
their product, transparent transactions and fair pricing. The programme has improved barley yield by 20% to 25% and better price realization to
farmers as they sell directly to your company avoiding the intermediaries. Better yield coupled with preferential price translate into real income
hike for farmers.
10
[400200] Disclosures - Auditors report
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark applicable
[Member] [Member]
01/04/2011 01/04/2011
to to
31/03/2012 31/03/2012
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [LineItems]
Textual information
Disclosure in auditors report relating to fixed assets (7) [See below]
The Company has
maintained proper
records showing full
Disclosure relating to quantitative details of fixed assets particulars, including
quantitative details
and situation of fixed
assets
Disclosure relating to physical verification and material discrepancies of fixed Textual information
assets (8) [See below]
Fixed assets
disposed off during
the year were not
Disclosure relating to fixed assets disposed off substantial, and
therefore, do not
affect the going
concern assumption
Textual information
Disclosure in auditors report relating to inventories (9) [See below]
Textual information
Disclosure of physical verification of inventories at fixed intervals (10) [See below]
The procedures for
the physical
verification of
inventories followed
by the management
Disclosure of procedure followed for physical verification of inventories are reasonable and
adequate in relation
to the size of the
Company and the
nature of its
business.
The Company is
maintaining proper
records of inventory.
The discrepancies
Disclosure about maintenance of inventory records and material discrepancies noticed on
verification between
the physical stocks
and the book records
were not material
The Company has
neither granted nor
taken any loans,
secured or
unsecured, to or
from companies,
Disclosure in auditors report relating to loans firms or other parties
covered in the
register maintained
under section 301 of
the Companies Act,
1956.
11
The Company has

neither granted nor
taken any loans,
secured or
unsecured, to or
Disclosure about loans granted or taken by parties covered under section 301 of from companies,
companies act firms or other parties
covered in the
register maintained
under section 301 of
the Companies Act,
1956
Textual information
Disclosure in auditors report relating to internal control system (11) [See below]
Disclosure in auditors report relating to contracts and arrangements under Textual information
section 301 of companies act (12) [See below]
Textual information
Disclosure relating to presence of register for necessary transactions (13) [See below]
The Company is
Disclosure relating to reasonability of transactions maintaining proper
records
The Company has
Disclosure in auditors report relating to deposits accepted from public not accepted any
deposits from public
In our opinion, the
Company has an
internal audit system
Disclosure in auditors report relating to companies internal audit system commensurate with
its size and nature of
its business.
Textual information
Disclosure in auditors report relating to maintenance of cost records (14) [See below]
Textual information
Disclosure in auditors report relating to statutory dues (15) [See below]
Textual information
Disclosure relating to regularity in payment of undisputed statutory dues (16) [See below]
Textual information
Disclosure in auditors report relating to accumulated losses (17) [See below]
Textual information
Disclosure in auditors report relating to default in repayment of financial dues (18) [See below]
The Company has
not granted any
loans and advances
Disclosure in auditors report relating to loans and advances granted by way on the basis of
of pledge of shares debentures and other securities security by way of
pledge of shares,
debentures and other
securities.
Textual information
Disclosure in auditors report relating to provisions under special statute (19) [See below]
According to the
information and
explanations given
to us, the Company
Disclosure in auditors report relating to adequacy of records maintained by share
is not dealing or
trading companies trading in shares,
securities,
debentures and other
investments
According to the
information and
explanations given
to us, the Company
Disclosure in auditors report relating to guarantee given has not given any
guarantee for loans
taken by others from
banks or financial
institutions
In our opinion and
according to the
information and
explanations given
Disclosure in auditors report relating to term loans used for purpose other than to us, the term loans
for purpose they were raised taken by the
Company have been
applied for the
purpose for which
they were raised
Disclosure in auditors report relating to nature and amount of fund raised Textual information
for short-term has been used for long-term or vice versa (20) [See below]
12
The Company has

not made any
preferential
allotment of shares
to companies/ firms/
Disclosure in auditors report relating to preferential allotment of shares parties covered in
the register
maintained under
Section 301 of the
Companies Act,
1956
The Company did
not have any
Disclosure in auditors report relating to securities created against debentures
outstanding
issued debentures during
the year
The Company has
not raised any
Disclosure in auditors report relating to purpose and end use of money raised
money by public
through public issues issues during the
year
Textual information
Disclosure in auditors report relating to any material fraud reported during period (21) [See below]
Details regarding auditors [Table] ..(1)

Auditors [Axis] Auditor1
01/04/2011
to
31/03/2012
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Name of audit firm B S R & Co.
SHEKARY ZUBIN
Name of auditor signing report DADY
Firms registration number of audit firm 101248W
Membership number of auditor 048814
Maruthi Info-tech
centre, 11-12/1 Inner
Address of auditors ring road,
Koromangla,
Bangalore -560071
Permanent account number of auditor or auditor's firm AAAFB9852F
SRN of form 23B S06216956
Date of signing audit report by auditors 15/05/2012
Date of signing of balance sheet by auditors 15/05/2012

01/04/2011
to
31/03/2012
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
Disclosure in auditors report relating to fixed assets

(a)The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets.(b)The
Company has a regular programme of physical verification of its fixed assets by which all fixed assets are verified over a period of three years. In
our opinion, this periodicity of physical verification is reasonable having regard to the size of the Company and the nature of its assets. No
material discrepancies were noticed on such verification.(c)Fixed assets disposed off during the year were not substantial, and therefore, do not
affect the going concern assumption.
13
Disclosure relating to physical verification and material discrepancies of fixed assets

The Company has a regular programme of physical verification of its fixed assets by which all fixed assets are verified over a period of three
years. In our opinion, this periodicity of physical verification is reasonable having regard to the size of the Company and the nature of its assets.
No material discrepancies were noticed on such verification
Disclosure in auditors report relating to inventories

(a)The inventory, except for goods-in-transit and stock lying with third parties, has been physically verified by the management during the year.
In our opinion, the frequency of such verification is reasonable. For stocks lying with third parties at the year-end, written confirmations have
been obtained.(b)The procedures for the physical verification of inventories followed by the management are reasonable and adequate in relation
to the size of the Company and the nature of its business.(c)The Company is maintaining proper records of inventory. The discrepancies noticed
on verification between the physical stocks and the book records were not material.
Disclosure of physical verification of inventories at fixed intervals

The inventory, except for goods-in-transit and stock lying with third parties, has been physically verified by the management during the year. In
our opinion, the frequency of such verification is reasonable. For stocks lying with third parties at the year-end, written confirmations have been
obtained
Disclosure in auditors report relating to internal control system

In our opinion and according to the information and explanations given to us, the particulars of contracts or arrangements referred to in Section
301 of the Companies Act, 1956 have been entered in the register required to be maintained under that section
Disclosure in auditors report relating to contracts and arrangements under section 301 of companies act
In our opinion and according to the information and explanations given to us, the transactions made in pursuance of contracts and arrangements
referred to above and exceeding the value of Rs. 5 lakh with any party during the year have been made at prices which are reasonable having
regard to the prevailing market prices at the relevant time
Disclosure relating to presence of register for necessary transactions

In our opinion and according to the information and explanations given to us, the particulars of contracts or arrangements referred to in Section
301 of the Companies Act, 1956 have been entered in the register required to be maintained under that section
Disclosure in auditors report relating to maintenance of cost records

We have broadly reviewed the books of accounts maintained by the Company pursuant to rules prescribed by the Central Government for
maintenance of cost records under section 209(1)(d) of the Companies Act,1956 and are of the opinion that prima facie, the prescribed accounts
and records have been made and maintained. However, we have not made a detailed examination of the records
14
Disclosure in auditors report relating to statutory dues

According to the information and explanations given to us and on the basis of our examination of the records of the Company, amounts deducted/
accrued in the books of account in respect of undisputed statutory dues including Provident Fund, Employees" State Insurance, Income-tax, Sales
Tax/ Value Added Tax, Wealth Tax, Service Tax, Customs Duty, Excise Duty, Cess and other material statutory dues have generally been
regularly deposited during the year by the Company with the appropriate authorities though there has been a slight delay in a few cases. As
explained to us, the Company did not have any dues on account of Investor Education and Protection Fund.There are no dues on account of Cess
under section 441A of the Companies Act, 1956 since the date from which the aforesaid section comes into force has not yet been notified by the
Central Government.According to the information and explanations given to us, there are no undisputed amounts payable in respect of Provident
Fund, Employees" State Insurance, Income-tax, Wealth Tax, Service Tax, Sales Tax/ Value Added Tax, Customs Duty, Excise Duty, Cess and
other material statutory dues which were in arrears as at 31 March 2012 for a period of more than six months from the date they became payable.
Disclosure relating to regularity in payment of undisputed statutory dues

According to the information and explanations given to us and on the basis of our examination of the records of the Company, amounts deducted/
accrued in the books of account in respect of undisputed statutory dues including Provident Fund, Employees" State Insurance, Income-tax, Sales
Tax/ Value Added Tax, Wealth Tax, Service Tax, Customs Duty, Excise Duty, Cess and other material statutory dues have generally been
regularly deposited during the year by the Company with the appropriate authorities though there has been a slight delay in a few cases. As
explained to us, the Company did not have any dues on account of Investor Education and Protection Fund.There are no dues on account of Cess
under section 441A of the Companies Act, 1956 since the date from which the aforesaid section comes into force has not yet been notified by the
Central Government.According to the information and explanations given to us, there are no undisputed amounts payable in respect of Provident
Fund, Employees" State Insurance, Income-tax, Wealth Tax, Service Tax, Sales Tax/ Value Added Tax, Customs Duty, Excise Duty, Cess and
other material statutory dues which were in arrears as at 31 March 2012 for a period of more than six months from the date they became
payable.(b)According to the information and explanations given to us, there are no dues of Wealth Tax and Cess which have not been deposited
with the appropriate authorities on account of any dispute. The following dues of Income-tax, Sales Tax/ Value Added Tax, Service Tax, Customs
Duty and Excise Duty have not been deposited by the Company on account of
disputes.NameoftheStatuteNatureoftheDuesAmount(Rs.)PeriodtowhichtheForumwheredisputeamountrelatesispendingPunjab Excise Act,
1914Duty on beer loss11,245,2361974-75 to 1990-91Financial Commissioner, HaryanaOrissa and Bihar Excise Act, 1965Interest on excise loan
draw back scheme3,222,7051988 - 89Orissa High CourtAdhesive label fees10,877,0282001-02 to 2004-05Orissa High CourtDuty on sediment
beer1,284,9362002 -03Orissa High CourtOvertime wages of excise staff327,2312005-06Orissa High CourtBombay Prohibition Act,
1949Supervision charges of excise staff550,9301983-84 to 1988-89Bombay High CourtDuty on expired beer1,037,0852000-01Commissioner of
State Excise, MaharashtraKarnataka Excise Act, 1965Overtime wages of excise staff3,005,0621998-99 to 2004-05Commissioner of State Excise,
KarnatakaNameoftheStatuteNatureoftheDuesAmount(Rs.)PeriodtowhichtheForumwheredisputeamountrelatesispendingKarnataka VAT Act,
2003Taxes on bottle deposit217,154,152April 2005 to March 2011Karnataka High CourtOrissa Sales Tax Act, 1947Sales Tax35,029,0241994-95
to 2000-01Sales Tax Tribunal, OrissaOrissa Entry Tax Act, 1999Sales Tax242,5082000-01Sales Tax Tribunal, OrissaDelhi Sales Tax Act,
1975Sales Tax576,4862002-03Assistant Commissioner of Commercial Taxes (Appeals), New DelhiSales Tax217,200,9132007-08Additional
Commissioner-II, Department of Trade & Taxes, New DelhiBombay Sales Tax Act, 1959Sales Tax1,514,9431992-93Appellate Tribunal,
MaharashtraSales Tax4,139,1541995-96Sales Tax Tribunal, MaharashtraSales Tax1,433,0602008-09Additional Commissioner (Appeals),
MaharashtraSales Tax1,445,5371996-97Sales Tax Tribunal, MaharashtraBombay Sales Tax Act, 1959 & Central Sales Tax Act, 1956Sales
Tax12,317,4952001-02Sales Tax Tribunal, MaharashtraSales Tax8,050,9222002-03Joint Commissioner (Appeals), MumbaiSales
Tax4,984,2902002-03Joint Commissioner (Appeals), MumbaiName of the StatuteNature of the DuesAmount(Rs.)Period to which theForum
where disputeamount relatesis pendingAndhra Pradesh General Sales Tax Act, 1957Sales Tax3,675,6771991-92 to 1992-93Andhra Pradesh High
CourtPondicherry General Sales Act, 1967Sales Tax11,982,0001981-82 to 1984-85, 1997-98 to 1998-99Assessing Authority,
PondicherryHaryana Sales Tax Act, 1973Sales Tax754,3491989-90 to 1996-97, 1998-99 to 2003-04Sales Tax Tribunal, HaryanaKerala Sales Tax
ActPenalty221,6342005-06 to 2007-08Sales Tax Tribunal, KeralaUttar Pradesh Tax on Entry of Goods Act, 2000Entry Tax14,114,5782003-04 to
2011-12Supreme CourtHaryana Local Area Development Tax Act, 2000Local Area Development Tax10,050,4262000-01 to 2003-04Chandigarh
High CourtFinance Act, 1994Service Tax and penalty32,129,6402006-07 to 2007-08Customs Excise and Service Tax Appellate Tribunal,
MumbaiService Tax and penalty34,795,634April 2008 to March 2010Customs Excise and Service Tax Appellate Tribunal, MumbaiCustoms Act,
1962Customs Duty261,5552007-08Customs Excise and Service Tax Appellate Tribunal, MumbaiIncome-tax Act, 1961Fringe benefit
tax53,308,3412006-07Commissioner of Income tax (Appeals)Income-tax60,253,7602007-08Income Tax Appellate Tribunal, Mumbai
Disclosure in auditors report relating to accumulated losses

The Company has accumulated losses amounting to Rs.4,914,138,056 at the end of the financial year which is more than fifty per cent of its net
worth. The Company has incurred cash losses in the current financial year. No cash losses were incurred in the immediately preceding financial
year
15
Disclosure in auditors report relating to default in repayment of financial dues

In our opinion and according to the information and explanations given to us, the Company has not defaulted in repayment of dues to its bankers.
The Company did not have any outstanding dues to any financial institutions or debenture holders during the year.
Disclosure in auditors report relating to provisions under special statute

According to the information and explanations given to us, there are no dues of Wealth Tax and Cess which have not been deposited with the
appropriate authorities on account of any dispute. The following dues of Income-tax, Sales Tax/ Value Added Tax, Service Tax, Customs Duty
and Excise Duty have not been deposited by the Company on account of
disputes.NameoftheStatuteNatureoftheDuesAmount(Rs.)PeriodtowhichtheForumwheredisputeamountrelatesispendingPunjab Excise Act,
1914Duty on beer loss11,245,2361974-75 to 1990-91Financial Commissioner, HaryanaOrissa and Bihar Excise Act, 1965Interest on excise loan
draw back scheme3,222,7051988 - 89Orissa High CourtAdhesive label fees10,877,0282001-02 to 2004-05Orissa High CourtDuty on sediment
beer1,284,9362002 -03Orissa High CourtOvertime wages of excise staff327,2312005-06Orissa High CourtBombay Prohibition Act,
1949Supervision charges of excise staff550,9301983-84 to 1988-89Bombay High CourtDuty on expired beer1,037,0852000-01Commissioner of
State Excise, MaharashtraKarnataka Excise Act, 1965Overtime wages of excise staff3,005,0621998-99 to 2004-05Commissioner of State Excise,
KarnatakaNameoftheStatuteNatureoftheDuesAmount(Rs.)PeriodtowhichtheForumwheredisputeamountrelatesispendingKarnataka VAT Act,
2003Taxes on bottle deposit217,154,152April 2005 to March 2011Karnataka High CourtOrissa Sales Tax Act, 1947Sales Tax35,029,0241994-95
to 2000-01Sales Tax Tribunal, OrissaOrissa Entry Tax Act, 1999Sales Tax242,5082000-01Sales Tax Tribunal, OrissaDelhi Sales Tax Act,
1975Sales Tax576,4862002-03Assistant Commissioner of Commercial Taxes (Appeals), New DelhiSales Tax217,200,9132007-08Additional
Commissioner-II, Department of Trade & Taxes, New DelhiBombay Sales Tax Act, 1959Sales Tax1,514,9431992-93Appellate Tribunal,
MaharashtraSales Tax4,139,1541995-96Sales Tax Tribunal, MaharashtraSales Tax1,433,0602008-09Additional Commissioner (Appeals),
MaharashtraSales Tax1,445,5371996-97Sales Tax Tribunal, MaharashtraBombay Sales Tax Act, 1959 & Central Sales Tax Act, 1956Sales
Tax12,317,4952001-02Sales Tax Tribunal, MaharashtraSales Tax8,050,9222002-03Joint Commissioner (Appeals), MumbaiSales
Tax4,984,2902002-03Joint Commissioner (Appeals), MumbaiName of the StatuteNature of the DuesAmount(Rs.)Period to which theForum
where disputeamount relatesis pendingAndhra Pradesh General Sales Tax Act, 1957Sales Tax3,675,6771991-92 to 1992-93Andhra Pradesh High
CourtPondicherry General Sales Act, 1967Sales Tax11,982,0001981-82 to 1984-85, 1997-98 to 1998-99Assessing Authority,
PondicherryHaryana Sales Tax Act, 1973Sales Tax754,3491989-90 to 1996-97, 1998-99 to 2003-04Sales Tax Tribunal, HaryanaKerala Sales Tax
ActPenalty221,6342005-06 to 2007-08Sales Tax Tribunal, KeralaUttar Pradesh Tax on Entry of Goods Act, 2000Entry Tax14,114,5782003-04 to
2011-12Supreme CourtHaryana Local Area Development Tax Act, 2000Local Area Development Tax10,050,4262000-01 to 2003-04Chandigarh
High CourtFinance Act, 1994Service Tax and penalty32,129,6402006-07 to 2007-08Customs Excise and Service Tax Appellate Tribunal,
MumbaiService Tax and penalty34,795,634April 2008 to March 2010Customs Excise and Service Tax Appellate Tribunal, MumbaiCustoms Act,
1962Customs Duty261,5552007-08Customs Excise and Service Tax Appellate Tribunal, MumbaiIncome-tax Act, 1961Fringe benefit
tax53,308,3412006-07Commissioner of Income tax (Appeals)Income-tax60,253,7602007-08Income Tax Appellate Tribunal, MumbaiNote: The
amounts paid under protest have been reduced from the amounts demanded in arriving at the aforesaid disclosure.
Disclosure in auditors report relating to nature and amount of fund raised for short-term has been used for long-term
or vice versa
According to the information and explanations given to us and on an overall examination of the balance sheet of the Company, we are of the
opinion that funds raised on short-term basis amounting to Rs. 5,439,955,901 have been used for long-term purposes
Disclosure in auditors report relating to any material fraud reported during period
According to the information and explanations given to us, two employees misappropriated scheme disbursements amounting to Rs. 735,630.
Services of the employees have since been terminated. According to the information and explanations given to us, no other fraud on or by the
Company has been noticed or reported during the course of our audit
16
Disclosure in auditor’s report explanatory [Text Block]

Auditors" Report
To the Members of SKOL Breweries Limited
We have audited the attached balance sheet of SKOL Breweries Limited ( the Company ) as at 31 March 2012, the statement of profit and loss
and the cash flow statement for the year ended on that date annexed thereto. These financial statements are the responsibility of the Company"s
management. Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in India. Those standards require that we plan and perform the
audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles
used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit
provides a reasonable basis for our opinion.
As required by the Companies (Auditor"s Report) Order, 2003, as amended, ( the Order ) issued by the Central Government of India in terms of
sub-section (4A) of Section 227 of the Companies Act, 1956, we enclose in the Annexure a statement on the matters specified in paragraphs 4 and
5 of the Order.
Further to our comments in the Annexure referred to above, we report that:
(i) we have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purpose of our
audit
(ii) in our opinion, proper books of account as required by law have been kept by the Company so far as appears from our examination of those
books
(iii) the balance sheet, the statement of profit and loss and the cash flow statement dealt with by this report are in agreement with the books of
account
(iv) in our opinion, the balance sheet, the statement of profit and loss and the cash flow statement dealt with by this report comply with the
accounting standards referred to in sub-section (3C) of Section 211 of the Companies Act, 1956
(v) on the basis of written representations received from the directors of the Company as on 31 March 2012, and taken on record by the Board of
Directors, we report that none of the directors is disqualified as on 31 March 2012 from being appointed as a director in terms of clause (g) of
sub-section (1) of Section 274 of the Companies Act, 1956
(vi) In our opinion and to the best of our information and according to the explanations given to us, the said accounts give the information
required by the Companies Act, 1956, in the manner so required and give a true and fair view in conformity with the accounting principles
generally accepted in India:
17
a. in the case of the balance sheet, of the state of affairs of the Company as at 31 March 2012
b. in the case of the statement of profit and loss, of the loss of the Company for the year ended on that date and
c. in the case of the cash flow statement, of the cash flows of the Company for the year ended on that date.
for B S R and Co.
Firm registration number: 101248W
Chartered Accountants
Zubin Shekary
Partner
Membership No. 48814
Bangalore
Date: 15 May 2012
Annexure to the Auditors" report
Annexure referred to in the Auditors" Report to the Members of SKOL Breweries Limited ( the Company ) for the year ended 31 March 2012.
We report that:
i. (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets.
(b) The Company has a regular programme of physical verification of its fixed assets by which all fixed assets are verified over a period of three
years. In our opinion, this periodicity of physical verification is reasonable having regard to the size of the Company and the nature of its assets.
No material discrepancies were noticed on such verification.
(c) Fixed assets disposed off during the year were not substantial, and therefore, do not affect the going concern assumption.
ii. (a) The inventory, except for goods-in-transit and stock lying with third parties, has been physically verified by the management during the
year. In our opinion, the frequency of such verification is reasonable. For stocks lying with third parties at the year-end, written confirmations
have been obtained.
(b) The procedures for the physical verification of inventories followed by the management are reasonable and adequate in relation to the size of
the Company and the nature of its business.
(c) The Company is maintaining proper records of inventory. The discrepancies noticed on verification between the physical stocks and the book
18
records were not material.
iii. The Company has neither granted nor taken any loans, secured or unsecured, to or from companies, firms or other parties covered in the
register maintained under section 301 of the Companies Act, 1956.
iv. In our opinion and according to the information and explanations given to us, there is an adequate internal control system commensurate with
the size of the Company and the nature of its business with regard to purchase of inventories and fixed assets and with regard to the sale of goods.
We have not observed any major weakness in the internal control system during the course of the audit.
v. (a) In our opinion and according to the information and explanations given to us, the particulars of contracts or arrangements referred to in
Section 301 of the Companies Act, 1956 have been entered in the register required to be maintained under that section.
(b) In our opinion and according to the information and explanations given to us, the transactions made in pursuance of contracts and
arrangements referred to above and exceeding the value of Rs. 5 lakh with any party during the year have been made at prices which are
reasonable having regard to the prevailing market prices at the relevant time.
vi. The Company has not accepted any deposits from public.
vii. In our opinion, the Company has an internal audit system commensurate with its size and nature of its business.
viii. We have broadly reviewed the books of accounts maintained by the Company pursuant to rules prescribed by the Central Government for
maintenance of cost records under section 209(1)(d) of the Companies Act,1956 and are of the opinion that prima facie, the prescribed accounts
and records have been made and maintained. However, we have not made a detailed examination of the records.
ix. (a) According to the information and explanations given to us and on the basis of our examination of the records of the Company, amounts
deducted/ accrued in the books of account in respect of undisputed statutory dues including Provident Fund, Employees" State Insurance,
Income-tax, Sales Tax/ Value Added Tax, Wealth Tax, Service Tax, Customs Duty, Excise Duty, Cess and other material statutory dues have
generally been regularly deposited during the year by the Company with the appropriate authorities though there has been a slight delay in a few
cases. As explained to us, the Company did not have any dues on account of Investor Education and Protection Fund.
There are no dues on account of Cess under section 441A of the Companies Act, 1956 since the date from which the aforesaid section comes into
force has not yet been notified by the Central Government.
According to the information and explanations given to us, there are no undisputed amounts payable in respect of Provident Fund, Employees"
State Insurance, Income-tax, Wealth Tax, Service Tax, Sales Tax/ Value Added Tax, Customs Duty, Excise Duty, Cess and other material
statutory dues which were in arrears as at 31 March 2012 for a period of more than six months from the date they became payable.
(b) According to the information and explanations given to us, there are no dues of Wealth Tax and Cess which have not been deposited with the
appropriate authorities on account of any dispute. The following dues of Income-tax, Sales Tax/ Value Added Tax, Service Tax, Customs Duty
and Excise Duty have not been deposited by the Company on account of disputes.
Amount Period to which

Name of the Statute Nature of the Dues Forum where dispute
(Rs.) the
19
amount relates is pending
1974-75 to
Punjab Excise Act, 1914 Duty on beer loss 11,245,236 Financial Commissioner, Haryana
1990-91
Orissa and Bihar Excise Act, Interest on excise loan draw back
3,222,705 1988 - 89 Orissa High Court
1965 scheme
2001-02 to
Adhesive label fees 10,877,028 Orissa High Court
2004-05
Duty on sediment beer 1,284,936 2002 -03 Orissa High Court
Overtime wages of excise staff 327,231 2005-06 Orissa High Court
Bombay Prohibition Act, 1983-84 to

Supervision charges of excise staff 550,930 Bombay High Court
1949 1988-89
Commissioner of State Excise,
20
Duty on expired beer 1,037,085 2000-01 Maharashtra
1998-99 to Commissioner of State Excise,

Karnataka Excise Act, 1965 Overtime wages of excise staff 3,005,062
2004-05 Karnataka
Nature of the Amount Period to

Name of the Statute Forum where dispute
Dues (Rs.) which the
Taxes on bottle April 2005 to

Karnataka VAT Act, 2003 217,154,152 Karnataka High Court
deposit March 2011
1994-95 to
Orissa Sales Tax Act, 1947 Sales Tax 35,029,024 Sales Tax Tribunal, Orissa
2000-01
Orissa Entry Tax Act, 1999 Sales Tax 242,508 2000-01 Sales Tax Tribunal, Orissa
Assistant Commissioner of Commercial Taxes

Delhi Sales Tax Act, 1975 Sales Tax 576,486 2002-03
(Appeals), New Delhi
21
Additional Commissioner-II, Department of

Sales Tax 217,200,913 2007-08
Trade and Taxes, New Delhi
Bombay Sales Tax Act, 1959 Sales Tax 1,514,943 1992-93 Appellate Tribunal, Maharashtra
Sales Tax 4,139,154 1995-96 Sales Tax Tribunal, Maharashtra
Additional Commissioner (Appeals),

Sales Tax 1,433,060 2008-09
Maharashtra
Bombay Sales Tax Act, 1959 and Central

Sales Tax Act, 1956
Sales Tax 8,050,922 2002-03 Joint Commissioner (Appeals), Mumbai
22
Sales Tax 4,984,290 2002-03 Joint Commissioner (Appeals), Mumbai
Amount
Name of the Statute Nature of the Dues Period to which the Forum where dispute
(Rs.)
Andhra Pradesh General Sales

Sales Tax 3,675,677 1991-92 to 1992-93 Andhra Pradesh High Court
Tax Act, 1957
Pondicherry General Sales Act, 1981-82 to 1984-85,

Sales Tax 11,982,000 Assessing Authority, Pondicherry
1967 1997-98 to 1998-99
1989-90 to 1996-97,
Haryana Sales Tax Act, 1973 Sales Tax 754,349 Sales Tax Tribunal, Haryana
1998-99 to 2003-04
Kerala Sales Tax Act Penalty 221,634 2005-06 to 2007-08 Sales Tax Tribunal, Kerala
23
Uttar Pradesh Tax on Entry of Entry Tax 14,114,578 2003-04 to 2011-12 Supreme Court
Goods Act, 2000
Haryana Local Area Development Local Area

10,050,426 2000-01 to 2003-04 Chandigarh High Court
Tax Act, 2000 Development Tax
Service Tax and Customs Excise and Service Tax

Finance Act, 1994 32,129,640 2006-07 to 2007-08
penalty Appellate Tribunal, Mumbai
Service Tax and Customs Excise and Service Tax

34,795,634 April 2008 to March 2010
penalty Appellate Tribunal, Mumbai
Customs Excise and Service Tax

Customs Act, 1962 Customs Duty 261,555 2007-08
Appellate Tribunal, Mumbai
Income-tax Act, 1961 Fringe benefit tax 53,308,341 2006-07 Commissioner of Income tax (Appeals)
Income-tax 60,253,760 2007-08 Income Tax Appellate Tribunal, Mumbai
24
Note: The amounts paid under protest have been reduced from the amounts demanded in arriving at the aforesaid disclosure.
x. The Company has accumulated losses amounting to Rs.4,914,138,056 at the end of the financial year which is more than fifty per cent of its net
worth. The Company has incurred cash losses in the current financial year. No cash losses were incurred in the immediately preceding financial
year.
xi. In our opinion and according to the information and explanations given to us, the Company has not defaulted in repayment of dues to its
bankers. The Company did not have any outstanding dues to any financial institutions or debenture holders during the year.
xii. The Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other securities.
xiii. In our opinion and according to the information and explanations given to us, the Company is not a chit fund or a nidhi/ mutual benefit fund/
society.
xiv. According to the information and explanations given to us, the Company is not dealing or trading in shares, securities, debentures and other
investments.
xv. According to the information and explanations given to us, the Company has not given any guarantee for loans taken by others from banks or
financial institutions.
xvi. In our opinion and according to the information and explanations given to us, the term loans taken by the Company have been applied for the
purpose for which they were raised.
xvii. According to the information and explanations given to us and on an overall examination of the balance sheet of the Company, we are of the
opinion that funds raised on short-term basis amounting to Rs. 5,439,955,901 have been used for long-term purposes.
xviii. The Company has not made any preferential allotment of shares to companies/ firms/ parties covered in the register maintained under
Section 301 of the Companies Act, 1956.
xix. The Company did not have any outstanding debentures during the year.
xx. The Company has not raised any money by public issues during the year.
xxi. According to the information and explanations given to us, two employees misappropriated scheme disbursements amounting to Rs. 735,630.
Services of the employees have since been terminated. According to the information and explanations given to us, no other fraud on or by the
Company has been noticed or reported during the course of our audit.
for B S R and Co.
25
Firm registration number: 101248W
Chartered Accountants
Zubin Shekary
Partner
Membership No. 48814
Bangalore
Date: 15 May 2 0 12
26
[100100] Balance sheet

31/03/2012 31/03/2011
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 231,18,37,450 231,18,37,450
Reserves and surplus 141,51,55,878 227,69,22,775
Total shareholders' funds 372,69,93,328 458,87,60,225
Share application money pending allotment 7,24,19,910 0
Non-current liabilities [Abstract]
Long-term borrowings 234,62,23,893 182,15,80,950
Other long-term liabilities 83,49,563 2,10,08,568
Long-term provisions 48,15,08,090 47,26,58,732
Total non-current liabilities 283,60,81,546 231,52,48,250
Current liabilities [Abstract]
Short-term borrowings 854,58,18,645 768,23,77,290
Trade payables (A) 196,63,38,378

164,39,66,807
Other current liabilities 350,66,07,600 235,17,25,628

Short-term provisions 3,39,19,456 2,70,93,475
Total current liabilities 1,405,26,84,079 1,170,51,63,200
Total equity and liabilities 2,068,81,78,863 1,860,91,71,675
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 851,03,54,658 848,02,02,138
Intangible assets 240,78,73,120 257,48,59,380
Tangible assets capital work-in-progress 37,13,16,219 15,87,68,000
Total fixed assets 1,128,95,43,997 1,121,38,29,518
Non-current investments 1,14,89,057 1,13,91,402
Long-term loans and advances 77,44,17,631 67,28,08,754
Total non-current assets 1,207,54,50,685 1,189,80,29,674
Current assets [Abstract]
Current investments 0 0
Inventories 274,23,44,715 218,72,51,686
Trade receivables 465,28,10,767 345,45,66,614
Cash and bank balances 17,89,24,814 38,04,99,623
Short-term loans and advances 103,86,47,882 68,88,24,078
Total current assets 861,27,28,178 671,11,42,001
Total assets 2,068,81,78,863 1,860,91,71,675
Footnotes
(A) Represents Dues to micro &small enterprises, Dues to other creidtors, and Acceptances
27
[400300] Disclosures - Signatories of balance sheet
Details of directors signing balance sheet [Table] ..(1)

Directors signing balance sheet [Axis] DS1 DS2
01/04/2011 01/04/2011
to to
31/03/2012 31/03/2012
Details of signatories of balance sheet [Abstract]
Details of directors signing balance sheet [Abstract]
Details of directors signing balance sheet [LineItems]
Name of director signing balance sheet [Abstract]
First name of director Harald Graham Paolo Alberto
Last name of director Harvey Francesco Lanzarotti
Designation of director Director Managing Director
Director identification number of director 05216369 02799822
Date of signing of balance sheet by director 15/05/2012 15/05/2012
28
[100400] Cash flow statement, indirect

01/04/2011 01/04/2010
to to
31/03/2012 31/03/2011
Statement of cash flows [Abstract]
Cash flows from used in operating activities [Abstract]
Profit before extraordinary items and tax -119,25,85,323 -60,36,39,271
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs 114,15,85,138 80,18,58,363
Adjustments for depreciation and amortisation expense 87,25,89,246 95,06,90,263
Adjustments for impairment loss reversal of impairment loss
-1,71,03,108 0
recognised in profit or loss
Adjustments for unrealised foreign exchange losses gains -4,36,66,243 -3,68,51,191
Adjustments for dividend income 3,38,320 3,56,800
Other adjustments to reconcile profit (loss) 2,21,97,024 -6,21,347
Total adjustments to profit (loss) 197,52,63,737 171,47,19,288
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories -49,05,39,908 -19,98,30,105
Adjustments for decrease (increase) in trade receivables -111,53,70,797 -18,39,33,832
Adjustments for decrease (increase) in other current and
-10,55,77,348 -28,63,21,991
non-current assets
Adjustments for increase (decrease) in other current and
55,00,37,691 49,21,05,231
non-current liabilities
Total adjustments for working capital -116,14,50,362 -17,79,80,697
Total adjustments for reconcile profit (loss) 81,38,13,375 153,67,38,591
Net cash flows from (used in) operations -37,87,71,948 93,30,99,320
Interest received -1,00,37,446

(A) -12,32,376
Income taxes (paid) refund 2,01,93,232 1,70,73,525
Net cash flows from (used in) operating activities before extraordinary
-40,90,02,626 91,47,93,419
items
Net cash flows from (used in) operating activities -40,90,02,626 91,47,93,419
Cash flows from used in investing activities [Abstract]
Proceeds from sales of tangible assets 35,73,219 14,96,715
Purchase of tangible assets 67,46,98,949 79,48,49,667
Dividends received 3,38,320 3,56,800
Interest received 1,09,37,922 14,32,579
Other inflows (outflows) of cash (B) 4,62,345

22,58,323
Net cash flows from (used in) investing activities before extraordinary
-65,93,87,143 -78,93,05,250
items
Net cash flows from (used in) investing activities -65,93,87,143 -78,93,05,250
Cash flows from used in financing activities [Abstract]
Proceeds from borrowings 3,020,39,39,735 1,986,77,55,607
Repayments of borrowings 2,848,35,58,645 1,924,47,69,676
Interest paid 111,40,66,670 77,83,78,368
Net cash flows from (used in) financing activities before extraordinary
60,63,14,420 -15,53,92,437
items
Net cash flows from (used in) financing activities 60,63,14,420 -15,53,92,437
Net increase (decrease) in cash and cash equivalents before effect of
-46,20,75,349 -2,99,04,268
exchange rate changes
Effect of exchange rate changes on cash and cash equivalents [Abstract]
Effect of exchange rate changes on cash and cash equivalents -2,14,162 1,03,049
Net increase (decrease) in cash and cash equivalents -46,22,89,511 -2,98,01,219
Cash and cash equivalents cash flow statement at end of period 17,89,24,814 38,04,99,623
Footnotes
(A) Represents Interest income
(B) Represents sale of investments
29
[200100] Notes - Share capital
Disclosure of classes of share capital [Table] ..(1)

Classes of share capital [Axis] Share capital [Member] Equity shares [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
[shares] [shares]
Number of shares authorised 30,00,00,000
[shares] 30,00,00,000
30,00,00,000
[shares] 30,00,00,000
Value of shares authorised 300,00,00,000 300,00,00,000 300,00,00,000 300,00,00,000

[shares] [shares]
Number of shares issued 23,11,83,745
[shares] 23,11,83,745
23,11,83,745
[shares] 23,11,83,745
Value of shares issued 231,18,37,450 231,18,37,450 231,18,37,450 231,18,37,450

[shares] [shares]
Number of shares subscribed and fully paid 23,11,83,745
[shares] 23,11,83,745
23,11,83,745
[shares] 23,11,83,745
Value of shares subscribed and fully paid 231,18,37,450 231,18,37,450 231,18,37,450 231,18,37,450
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0 0
[shares] [shares]
Total number of shares subscribed 23,11,83,745
[shares] 23,11,83,745
23,11,83,745
[shares] 23,11,83,745
Total value of shares subscribed 231,18,37,450 231,18,37,450 231,18,37,450 231,18,37,450

Value of shares paid-up [Abstract]
[shares] [shares]
Number of shares paid-up 23,11,83,745
[shares] 23,11,83,745
23,11,83,745
[shares] 23,11,83,745
Value of shares called 231,18,37,450 231,18,37,450 231,18,37,450 231,18,37,450

Calls unpaid [Abstract]
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0 0
Total calls unpaid by directors and
0 0 0 0
officers
Total calls unpaid 0 0 0 0
Value of shares paid-up 231,18,37,450 231,18,37,450 231,18,37,450 231,18,37,450
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Total aggregate number of shares issued
[shares] 0 [shares] 0 [shares] 0 [shares] 0
during period
Decrease in number of shares during period
[Abstract]
Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0
Total decrease in number of shares during
period
Total increase (decrease) in number of
shares outstanding
[shares] [shares]
Number of shares outstanding at end of period 23,11,83,745
[shares] 23,11,83,745
23,11,83,745
[shares] 23,11,83,745
Reconciliation of value of shares outstanding

[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of other issues during period 0 0 0 0
Total aggregate amount of increase in
0 0 0 0
share capital during period
Decrease in share capital during period
[Abstract]
Decrease in amount of shares bought back 0 0 0 0
30
Total decrease in share capital during

0 0 0 0
period
Total increase (decrease) in share capital 0 0 0 0
Share capital at end of period 231,18,37,450 231,18,37,450 231,18,37,450 231,18,37,450
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
[shares] [shares]
Shares in company held by holding company 14,20,67,977
[shares] 14,20,67,511
14,20,67,977
[shares] 14,20,67,511
Shares in company held by subsidiaries of its

[shares] 8,73,41,038 [shares] 8,73,41,038 [shares] 8,73,41,038 [shares] 8,73,41,038
ultimate holding company
Total shares in company held by holding company
[shares] [shares]
or ultimate holding company or by its 22,94,09,015
[shares] 22,94,08,549
22,94,09,015
[shares] 22,94,08,549
subsidiaries or associates
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Application money received for
allotment of securities and due for 0 0 0 0
refund, principal
Total application money received for
allotment of securities and due for refund 0 0 0 0
and interest accrued thereon
31
Disclosure of classes of share capital [Table] ..(2)

Classes of share capital [Axis] Equity shares 1 [Member]
01/04/2011 01/04/2010
to to
31/03/2012 31/03/2011
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Type of share equity shares equity shares
[shares]
Number of shares authorised 30,00,00,000
[shares] 30,00,00,000
Value of shares authorised 300,00,00,000 300,00,00,000

[shares]
Number of shares issued 23,11,83,745
[shares] 23,11,83,745
Value of shares issued 231,18,37,450 231,18,37,450

[shares]
Number of shares subscribed and fully paid 23,11,83,745
[shares] 23,11,83,745
Value of shares subscribed and fully paid 231,18,37,450 231,18,37,450

Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0
[shares]
Total number of shares subscribed 23,11,83,745
[shares] 23,11,83,745
Total value of shares subscribed 231,18,37,450 231,18,37,450

Value of shares paid-up [Abstract]
[shares]
Number of shares paid-up 23,11,83,745
[shares] 23,11,83,745
Value of shares called 231,18,37,450 231,18,37,450

Calls unpaid [Abstract]
Calls unpaid by directors and officers [Abstract]
Calls unpaid by directors 0 0
Total calls unpaid by directors and officers 0 0
Total calls unpaid 0 0
Value of shares paid-up 231,18,37,450 231,18,37,450
Par value per share 10 10
Details of shares not fully called [Abstract]
Amount per share called 10 10
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of other issues of shares [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0 [shares] 0
Decrease in number of shares during period [Abstract]
Number of shares bought back [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0
[shares]
Number of shares outstanding at end of period 23,11,83,745
[shares] 23,11,83,745
Reconciliation of value of shares outstanding [Abstract]

Changes in share capital [Abstract]
Increase in share capital during period [Abstract]
Amount of other issues during period 0 0
Total aggregate amount of increase in share capital during period 0 0
Decrease in share capital during period [Abstract]
Decrease in amount of shares bought back 0 0
Total decrease in share capital during period 0 0
Total increase (decrease) in share capital 0 0
Share capital at end of period 231,18,37,450 231,18,37,450
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
[shares]
Shares in company held by holding company 14,20,67,977
[shares] 14,20,67,511
Shares in company held by subsidiaries of its ultimate holding company [shares] 8,73,41,038 [shares] 8,73,41,038
Total shares in company held by holding company or ultimate holding company [shares]
[shares] 22,94,08,549
or by its subsidiaries or associates 22,94,09,015
Details of application money received for allotment of securities and due for
refund and interest accrued thereon [Abstract]
32
Application money received for allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund,
0 0
principal
Total application money received for allotment of securities and due for
0 0
refund and interest accrued thereon
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Classes of share capital [Axis] Equity shares [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
[shares]
Number of shares held in company 14,20,67,977
[shares] 14,20,67,511 [shares] 8,73,41,038 [shares] 8,73,41,038
Disclosure of shareholding more than five per cent in company [Table] ..(2)
Classes of share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share equity shares equity shares equity shares equity shares
SABMiller Breweries SABMiller Breweries SABMiller Asia
Name of shareholder Private Limited Private Limited BV
SABMiller Asia BV
CIN of shareholder U99999MH1995PLC138600 U99999MH1995PLC138600

Country of incorporation or residence of
INDIA INDIA Netherlands Netherlands
shareholder
[shares]
Number of shares held in company [shares] 14,20,67,977 [shares] 14,20,67,511
8,73,41,038
[shares] 8,73,41,038
Percentage of shareholding in company 61.45% 61.45% 37.78% 37.78%

01/04/2011 01/04/2010
to to
31/03/2012 31/03/2011
Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Whether money raised from public offering during year No No
33
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Components of reserves [Axis] Reserves [Member] Capital reserves [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period -119,41,31,325 -60,13,72,377
Other additions to reserves -372,00,06,731 -302,35,05,836 0 0
Total additions to reserves -491,41,38,056 -362,48,78,213 0 0
Total changes in reserves -491,41,38,056 -362,48,78,213 0 0
Reserves at end of period 141,51,55,878 227,69,22,775 20,00,000 20,00,000

Components of reserves [Axis] Securities premium account [Member] Other reserves [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
Other additions to reserves 0 0 0 0
Total additions to reserves 0 0 0 0
Total changes in reserves 0 0 0 0
Reserves at end of period 613,86,37,748 613,86,37,748 -102,97,43,130 -145,72,36,076

Components of reserves [Axis] Amalgamation reserve [Member] Surplus [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
Other additions to reserves 0 0 -372,00,06,731 -302,35,05,836
Total additions to reserves 0 0 -491,41,38,056 -362,48,78,213
Total changes in reserves 0 0 -491,41,38,056 -362,48,78,213
Reserves at end of period -102,97,43,130 -145,72,36,076 -369,57,38,740 -240,64,78,897
34
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Other external commercial borrowings
Classification of borrowings [Axis] Term loans from others [Member]
[Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 229,21,42,686 177,17,59,478 229,21,42,686 177,17,59,478

Loans and advances from related parties Loans and advances from others
Classification of borrowings [Axis]
[Member] [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
Borrowings 5,40,81,207 4,98,21,472 5,40,81,207 4,98,21,472

Classification based on time period [Axis] Short-term [Member]
Working capital loans from banks Loans repayable on demand from banks
[Member] [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
Borrowings 842,00,00,000 737,05,00,000 12,58,18,645 30,95,38,851

Loans repayable on demand from others
[Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member]
31/03/2012 31/03/2011
Borrowings 0 23,38,439
35
[201000] Notes - Tangible assets
Disclosure of tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
carrying amount [Axis] [Member] impairment [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 48,98,19,621 100,02,70,091 48,98,19,621 100,02,70,091
assets
Acquisitions through
business combinations 60,43,17,276 0 60,43,17,276 0
tangible assets
Depreciation tangible assets -105,47,57,242 -76,05,63,275 105,47,57,242 76,05,63,275
Disposals tangible assets
[Abstract]
Disposals tangible assets,
18,14,89,543 3,79,37,246 18,14,89,543 3,79,37,246
others
Total disposals tangible
18,14,89,543 3,79,37,246 18,14,89,543 3,79,37,246
assets
Other adjustments tangible
assets [Abstract]
-15,27,70,962 -3,47,06,187 15,27,70,962 3,47,06,187
assets, others
Total other adjustments
-15,27,70,962 -3,47,06,187 15,27,70,962 3,47,06,187
tangible assets
Total changes in tangible
-29,48,80,850 16,70,63,383 91,26,47,354 96,23,32,845 120,75,28,204 79,52,69,462
assets
Tangible assets at end of period 851,03,54,658 848,02,02,138 1,256,11,16,184 1,164,84,68,830 405,07,61,526 316,82,66,692
36

Sub classes of tangible assets [Axis] Assets held under lease [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
business combinations tangible 3,07,58,966 0 3,07,58,966 0
assets
tangible assets
Depreciation tangible assets -75,11,160 -29,59,865 75,11,160 29,59,865
[Abstract]
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
4,44,26,539 -29,59,865 5,19,37,699 0 75,11,160 29,59,865
assets
Tangible assets at end of period 5,65,41,413 1,21,14,874 7,79,66,229 2,60,28,530 2,14,24,816 1,39,13,656
37

Sub classes of tangible assets [Axis] Owned assets [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
18,14,89,543 3,79,37,246 18,14,89,543 3,79,37,246
others
18,14,89,543 3,79,37,246 18,14,89,543 3,79,37,246
assets
assets [Abstract]
-15,27,70,962 -3,47,06,187 15,27,70,962 3,47,06,187
assets, others
-15,27,70,962 -3,47,06,187 15,27,70,962 3,47,06,187
tangible assets
-33,93,07,389 17,00,23,248 86,07,09,655 96,23,32,845 120,00,17,044 79,23,09,597
assets
Tangible assets at end of period 845,38,13,245 846,80,87,264 1,248,31,49,955 1,162,24,40,300 402,93,36,710 315,43,53,036
38

Classes of tangible assets [Axis] Land [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
4,08,82,901 -10,20,191 4,38,54,265 0 29,71,364 10,20,191
assets
39

01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
4,08,82,901 -10,20,191 4,38,54,265 0 29,71,364 10,20,191
assets
Tangible assets at end of period 4,91,08,792 82,25,891 5,96,85,886 1,58,31,621 1,05,77,094 76,05,730
40

01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
business combinations tangible 0 0 0 0
assets
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets 0 0 0 0
[Abstract]
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
0 0 0 0 0 0
assets
41

Classes of tangible assets [Axis] Buildings [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
61,31,887 73,331 61,31,887 73,331
others
61,31,887 73,331 61,31,887 73,331
assets
assets [Abstract]
-52,98,540 -29,799 52,98,540 29,799
assets, others
-52,98,540 -29,799 52,98,540 29,799
tangible assets
1,30,47,655 19,50,97,483 13,73,42,037 27,31,42,445 12,42,94,382 7,80,44,962
assets
42

Classes of tangible assets [Axis] Buildings [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
61,31,887 73,331 61,31,887 73,331
others
61,31,887 73,331 61,31,887 73,331
assets
assets [Abstract]
-52,98,540 -29,799 52,98,540 29,799
assets, others
-52,98,540 -29,799 52,98,540 29,799
tangible assets
1,30,47,655 19,50,97,483 13,73,42,037 27,31,42,445 12,42,94,382 7,80,44,962
assets
43

Classes of tangible assets [Axis] Other building [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
61,31,887 73,331 61,31,887 73,331
others
61,31,887 73,331 61,31,887 73,331
assets
assets [Abstract]
-52,98,540 -29,799 52,98,540 29,799
assets, others
-52,98,540 -29,799 52,98,540 29,799
tangible assets
1,30,47,655 19,50,97,483 13,73,42,037 27,31,42,445 12,42,94,382 7,80,44,962
assets
44

Classes of tangible assets [Axis] Other building [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
61,31,887 73,331 61,31,887 73,331
others
61,31,887 73,331 61,31,887 73,331
assets
assets [Abstract]
-52,98,540 -29,799 52,98,540 29,799
assets, others
-52,98,540 -29,799 52,98,540 29,799
tangible assets
1,30,47,655 19,50,97,483 13,73,42,037 27,31,42,445 12,42,94,382 7,80,44,962
assets
45

Classes of tangible assets [Axis] Plant and equipment [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
12,29,84,311 3,36,51,933 12,29,84,311 3,36,51,933
others
12,29,84,311 3,36,51,933 12,29,84,311 3,36,51,933
assets
assets [Abstract]
-9,86,04,263 -3,09,88,084 9,86,04,263 3,09,88,084
assets, others
-9,86,04,263 -3,09,88,084 9,86,04,263 3,09,88,084
tangible assets
-26,01,31,594 -1,96,46,962 72,44,20,233 65,93,75,202 98,45,51,827 67,90,22,164
assets
46

Classes of tangible assets [Axis] Plant and equipment [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
12,29,84,311 3,36,51,933 12,29,84,311 3,36,51,933
others
12,29,84,311 3,36,51,933 12,29,84,311 3,36,51,933
assets
assets [Abstract]
-9,86,04,263 -3,09,88,084 9,86,04,263 3,09,88,084
assets, others
-9,86,04,263 -3,09,88,084 9,86,04,263 3,09,88,084
tangible assets
-26,01,31,594 -1,96,46,962 72,44,20,233 65,93,75,202 98,45,51,827 67,90,22,164
assets
47

Classes of tangible assets [Axis] Other plant and equipment [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
12,29,84,311 3,36,51,933 12,29,84,311 3,36,51,933
others
12,29,84,311 3,36,51,933 12,29,84,311 3,36,51,933
assets
assets [Abstract]
-9,86,04,263 -3,09,88,084 9,86,04,263 3,09,88,084
assets, others
-9,86,04,263 -3,09,88,084 9,86,04,263 3,09,88,084
tangible assets
-26,01,31,594 -1,96,46,962 72,44,20,233 65,93,75,202 98,45,51,827 67,90,22,164
assets
48

Classes of tangible assets [Axis] Other plant and equipment [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
12,29,84,311 3,36,51,933 12,29,84,311 3,36,51,933
others
12,29,84,311 3,36,51,933 12,29,84,311 3,36,51,933
assets
assets [Abstract]
-9,86,04,263 -3,09,88,084 9,86,04,263 3,09,88,084
assets, others
-9,86,04,263 -3,09,88,084 9,86,04,263 3,09,88,084
tangible assets
-26,01,31,594 -1,96,46,962 72,44,20,233 65,93,75,202 98,45,51,827 67,90,22,164
assets
49

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
business combinations tangible 62,64,562 1,47,42,847 62,64,562 1,47,42,847
assets
business combinations 69,08,556 0 69,08,556 0
tangible assets
Depreciation tangible assets -1,50,28,986 -99,84,416 1,50,28,986 99,84,416
[Abstract]
1,11,46,478 3,84,375 1,11,46,478 3,84,375
others
1,11,46,478 3,84,375 1,11,46,478 3,84,375
assets
assets [Abstract]
-1,09,74,742 -3,71,257 1,09,74,742 3,71,257
assets, others
-1,09,74,742 -3,71,257 1,09,74,742 3,71,257
tangible assets
-2,39,77,088 40,02,799 20,26,640 1,43,58,472 2,60,03,728 1,03,55,673
assets
50

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
business combinations tangible 62,64,562 1,47,42,847 62,64,562 1,47,42,847
assets
tangible assets
Depreciation tangible assets -1,50,28,986 -99,84,416 1,50,28,986 99,84,416
[Abstract]
1,11,46,478 3,84,375 1,11,46,478 3,84,375
others
1,11,46,478 3,84,375 1,11,46,478 3,84,375
assets
assets [Abstract]
-1,09,74,742 -3,71,257 1,09,74,742 3,71,257
assets, others
-1,09,74,742 -3,71,257 1,09,74,742 3,71,257
tangible assets
-2,39,77,088 40,02,799 20,26,640 1,43,58,472 2,60,03,728 1,03,55,673
assets
51

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
89,98,701 24,60,898 89,98,701 24,60,898
others
89,98,701 24,60,898 89,98,701 24,60,898
assets
assets [Abstract]
-80,79,516 -19,50,338 80,79,516 19,50,338
assets, others
-80,79,516 -19,50,338 80,79,516 19,50,338
tangible assets
-1,73,86,194 -70,86,156 -87,65,366 -24,60,898 86,20,828 46,25,258
assets
Tangible assets at end of period 5,61,389 17,88,551 81,89,312 1,69,54,678 76,27,923 1,51,66,127
52

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
89,98,701 24,60,898 89,98,701 24,60,898
others
89,98,701 24,60,898 89,98,701 24,60,898
assets
assets [Abstract]
-80,79,516 -19,50,338 80,79,516 19,50,338
assets, others
-80,79,516 -19,50,338 80,79,516 19,50,338
tangible assets
-1,73,86,194 -70,86,156 -87,65,366 -24,60,898 86,20,828 46,25,258
assets
53

Classes of tangible assets [Axis] Motor vehicles [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
89,98,701 24,60,898 89,98,701 24,60,898
others
89,98,701 24,60,898 89,98,701 24,60,898
assets
assets [Abstract]
-80,79,516 -19,50,338 80,79,516 19,50,338
assets, others
-80,79,516 -19,50,338 80,79,516 19,50,338
tangible assets
-1,73,86,194 -70,86,156 -87,65,366 -24,60,898 86,20,828 46,25,258
assets
54

Classes of tangible assets [Axis] Motor vehicles [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
89,98,701 24,60,898 89,98,701 24,60,898
others
89,98,701 24,60,898 89,98,701 24,60,898
assets
assets [Abstract]
-80,79,516 -19,50,338 80,79,516 19,50,338
assets, others
-80,79,516 -19,50,338 80,79,516 19,50,338
tangible assets
-1,73,86,194 -70,86,156 -87,65,366 -24,60,898 86,20,828 46,25,258
assets
55

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
3,22,28,166 13,66,709 3,22,28,166 13,66,709
others
3,22,28,166 13,66,709 3,22,28,166 13,66,709
assets
assets [Abstract]
-2,98,13,901 -13,66,709 2,98,13,901 13,66,709
assets, others
-2,98,13,901 -13,66,709 2,98,13,901 13,66,709
tangible assets
-5,08,60,168 -23,43,916 56,86,111 1,79,17,624 5,65,46,279 2,02,61,540
assets
56

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
3,22,28,166 13,66,709 3,22,28,166 13,66,709
others
3,22,28,166 13,66,709 3,22,28,166 13,66,709
assets
assets [Abstract]
-2,98,13,901 -13,66,709 2,98,13,901 13,66,709
assets, others
-2,98,13,901 -13,66,709 2,98,13,901 13,66,709
tangible assets
-5,08,60,168 -23,43,916 56,86,111 1,79,17,624 5,65,46,279 2,02,61,540
assets
57

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
3,22,28,166 13,66,709 3,22,28,166 13,66,709
others
3,22,28,166 13,66,709 3,22,28,166 13,66,709
assets
assets [Abstract]
-2,98,13,901 -13,66,709 2,98,13,901 13,66,709
assets, others
-2,98,13,901 -13,66,709 2,98,13,901 13,66,709
tangible assets
-5,08,60,168 -23,43,916 56,86,111 1,79,17,624 5,65,46,279 2,02,61,540
assets
58

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
3,22,28,166 13,66,709 3,22,28,166 13,66,709
others
3,22,28,166 13,66,709 3,22,28,166 13,66,709
assets
assets [Abstract]
-2,98,13,901 -13,66,709 2,98,13,901 13,66,709
assets, others
-2,98,13,901 -13,66,709 2,98,13,901 13,66,709
tangible assets
-5,08,60,168 -23,43,916 56,86,111 1,79,17,624 5,65,46,279 2,02,61,540
assets
59

Classes of tangible assets [Axis] Leasehold improvements [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
35,43,638 -19,39,674 80,83,434 0 45,39,796 19,39,674
assets
Tangible assets at end of period 74,32,621 38,88,983 1,82,80,343 1,01,96,909 1,08,47,722 63,07,926
60

01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
assets
tangible assets
[Abstract]
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
35,43,638 -19,39,674 80,83,434 0 45,39,796 19,39,674
assets
Tangible assets at end of period 74,32,621 38,88,983 1,82,80,343 1,01,96,909 1,08,47,722 63,07,926
Disclosure of additional information tangible assets [Table] ..(1)

Company total tangible assets
[Member]
Owned and leased assets
Sub classes of tangible assets [Axis] Assets held under lease [Member] Owned assets [Member]
[Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
Disclosure of additional information
tangible assets [LineItems]
straight-line straight-line straight-line straight-line straight-line straight-line
Depreciation method tangible assets method method method method method method
Useful lives or depreciation rates
28 28 5 5 28 28
tangible assets
61

Classes of tangible assets [Axis] Buildings [Member] Other building [Member] Plant and equipment [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member] Owned assets [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
28 28 28 28 18 18
tangible assets

Other plant and equipment
Classes of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member]
[Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
18 18 6 6 5 5
tangible assets

Computer equipments
Classes of tangible assets [Axis] Motor vehicles [Member] Office equipment [Member]
[Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
5 5 4 4 4 4
tangible assets

01/04/2011 01/04/2010
to to
31/03/2012 31/03/2011
Disclosure of additional information tangible assets [Abstract]
Disclosure of additional information tangible assets [LineItems]
Depreciation method tangible assets straight-line method straight-line method
Useful lives or depreciation rates tangible assets 5 5
62
[201100] Notes - Intangible assets
Disclosure of additional information intangible assets [Table] ..(1)

Company total intangible assets
Classes of intangible assets [Axis] Brands and trade marks [Member]
[Member]
Internally generated and other
Intangible assets other than Intangible assets other than
Sub classes of intangible assets [Axis] than internally generated
internally generated [Member] internally generated [Member]
intangible assets [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
intangible assets [Abstract]
intangible assets [LineItems]
Useful lives or amortization rates
20 20 20 20 20 20
intangible assets
Description of amortization method
SLM SLM SLM SLM SLM SLM
used

Classes of intangible assets [Axis] Brands [Member] Computer software [Member]
Internally generated and other Internally generated and other
Intangible assets other than
Sub classes of intangible assets [Axis] than internally generated than internally generated
internally generated [Member]
intangible assets [Member] intangible assets [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
intangible assets [LineItems]
Useful lives or amortization rates
20 20 20 20 4 4
intangible assets
Description of amortization method
SLM SLM SLM SLM SLM SLM
used

Classes of intangible assets [Axis] Computer software [Member]
Intangible assets other than internally
Sub classes of intangible assets [Axis]
generated [Member]
01/04/2011 01/04/2010
to to
31/03/2012 31/03/2011
Disclosure of additional information intangible assets [Abstract]
Disclosure of additional information intangible assets [LineItems]
Useful lives or amortization rates intangible assets 4 4
Description of amortization method used SLM SLM
63
Disclosure of intangible assets [Table] ..(1)

Classes of intangible assets [Axis] Company total intangible assets [Member]
Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]
Carrying amount accumulated amortization and Gross carrying amount Accumulated amortization and
impairment and gross carrying amount [Axis] [Member] impairment [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
business combinations 2,88,54,787 3,33,79,643 2,88,54,787 3,33,79,643
intangible assets
Total additions to
2,88,54,787 3,33,79,643 2,88,54,787 3,33,79,643
intangible assets
Amortization intangible assets -19,58,41,047 -19,01,26,988 19,58,41,047 19,01,26,988
Disposals intangible assets
[Abstract]
Disposals intangible
0 0 0 0
assets, others
Total disposals intangible
0 0 0 0
assets
Other adjustments intangible
assets [Abstract]
Other adjustments
0 0 0 0
intangible assets, others
0 0 0 0
intangible assets
Total changes in intangible
-16,69,86,260 -15,67,47,345 2,88,54,787 3,33,79,643 19,58,41,047 19,01,26,988
assets
Intangible assets at end of period 240,78,73,120 257,48,59,380 358,48,00,234 355,59,45,447 117,69,27,114 98,10,86,067
64

Classes of intangible assets [Axis] Company total intangible assets [Member]
Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
2,88,54,787 3,33,79,643 2,88,54,787 3,33,79,643
intangible assets
[Abstract]
0 0 0 0
assets, others
0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
-16,69,86,260 -15,67,47,345 2,88,54,787 3,33,79,643 19,58,41,047 19,01,26,988
assets
65

01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0
assets, others
0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
-17,05,46,012 -17,05,46,012 0 0 17,05,46,012 17,05,46,012
assets
66

01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0
assets, others
0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
-17,05,46,012 -17,05,46,012 0 0 17,05,46,012 17,05,46,012
assets
67

Classes of intangible assets [Axis] Brands [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0
assets, others
0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
-17,05,46,012 -17,05,46,012 0 0 17,05,46,012 17,05,46,012
assets
68

Classes of intangible assets [Axis] Brands [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
[Abstract]
0 0 0 0
assets, others
0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
-17,05,46,012 -17,05,46,012 0 0 17,05,46,012 17,05,46,012
assets
69

01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
2,88,54,787 3,33,79,643 2,88,54,787 3,33,79,643
intangible assets
[Abstract]
0 0 0 0
assets, others
0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
35,59,752 1,37,98,667 2,88,54,787 3,33,79,643 2,52,95,035 1,95,80,976
assets
70

01/04/2011 01/04/2010 01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011 31/03/2012 31/03/2011
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
2,88,54,787 3,33,79,643 2,88,54,787 3,33,79,643
intangible assets
[Abstract]
0 0 0 0
assets, others
0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
35,59,752 1,37,98,667 2,88,54,787 3,33,79,643 2,52,95,035 1,95,80,976
assets
[200400] Notes - Non-current investments
Details of non-current investments [Table] ..(1)

Classification of non-current investments [Axis] Government1 Government2
01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
Non-current investments [Abstract]
Disclosure of details of non-current investments
[Abstract]
Details of non-current investments [LineItems]
Investments in Investments in Investments in Investments in
Type of non-current investments government or trust government or trust government or trust government or trust
securities securities securities securities
Class of non-current investments Other investments Other investments Other investments Other investments
Non-current investments 21,59,332 20,61,677 26,550 26,550
Name of body corporate in whom investment has
government government government government
been made
71

Classification of non-current investments [Axis] Quoted1 Quoted2
01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Investment in other Investment in other Investment in other Investment in other
Type of non-current investments Indian companies Indian companies Indian companies Indian companies
equity instruments equity instruments equity instruments equity instruments
Class of non-current investments Trade investments Trade investments Trade investments Trade investments
Non-current investments 26,19,750 26,19,750 4,00,060 4,00,060
Name of body corporate in whom investment has Ultratech Cement Ultratech Cement
ITC Limited ITC Limited
been made Limited Limited

01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Non-current investments 56,944 56,944 21,15,000 21,15,000
Name of body corporate in whom investment has Gujarat Ambuja Gujarat Ambuja
Tata Motors Limited Tata Motors Limited
been made Cement Limited Cement Limited

01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Non-current investments 25,98,850 25,98,850 6,33,500 6,33,500
Name of body corporate in whom investment has Larsen & Toubro Larsen & Toubro Satyam Computer Satyam Computer
been made Limited Limited Services Limited Services Limited
72

Classification of non-current investments [Axis] Quoted7 Unquoted1
01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Class of non-current investments Trade investments Trade investments Other investments Other investments
Non-current investments 7,00,470 7,00,470 1 1
Name of body corporate in whom investment has Syndicate Bank Syndicate Bank M B L ( A P ) MBL (AP) Breweries
been made Limited Limited Breweries Limited Limited

Classification of non-current investments [Axis] Unquoted2 Unquoted3
01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Non-current investments 12,000 12,000 5,000 5,000
Shushruta Medical Shushruta Medical
Name of body corporate in whom investment has Maini Granites Maini Granites
Aid and Research Aid and Research
Hospitals Limited Hospitals Limited

01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Non-current investments 300 300 10,000 10,000
AP H e a v y AP Heavy Machinery
Name of body corporate in whom investment has Anusha International Anusha International
Machinery && Engineering
Engineering Limited Limited
73

01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Non-current investments 1,700 1,700 7,000 7,000
M a a Sachdev
Name of body corporate in whom investment has Maa Communication Sachdev International
Communication International
been made Bozel Limited Limited
Bozel Limited Limited

01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Non-current investments 12,500 12,500 100 100
Name of body corporate in whom investment has Scarlet Flowers and Scarlet Flowers and Indana Spices and Indana Spices and
been made Agritech Limited Agritech Limited Food India Limited Food India Limited

01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Non-current investments 80,000 80,000 0 0
Name of body corporate in whom investment has Vulcan Leasing and Vulcan Leasing and Janata Sahakari Janata Sahakari Bank
been made Investments Limited Investments Limited Bank Limited Limited
74

01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Non-current investments 0 0 50,000 50,000
Haryana State Haryana State
Name of body corporate in whom investment has SDF Industries SDF Industries
Cooperative Bank Cooperative Bank
Limited Limited

31/03/2012 31/03/2011
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 1,13,10,456 1,12,12,801
Market value of quoted non-current investments 1,13,10,456 1,12,12,801
Aggregate amount of unquoted non-current investments 1,78,601 1,78,601
Aggregate provision for diminution in value of non-current investments 5,30,000 5,30,000
[200600] Notes - Subclassification and notes on liabilities and assets
Loans and advances [Table] ..(1)

Classification of loans and advances [Axis] Capital advances [Member] Security deposits [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 15,71,05,895 15,91,66,904 3,24,58,389 3,37,05,936
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 15,71,05,895 15,91,66,904 3,24,58,389 3,37,05,936
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 0 0 0 0
Total loans and advances due by
0 0 0 0
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in
0 0 0 0
which any director is partner
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director
75

Loans advances given other related
Classification of loans and advances [Axis] Prepaid expenses [Member]
parties [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Loans and advances, gross 0 43,32,527 84,07,549 1,18,67,249
0 0 0 0
advances
Loans and advances 0 43,32,527 84,07,549 1,18,67,249
[Abstract]
0 0 0 0
0 0 0 0
0 0 0 0
director

Deposits with statutory authorities Other loans and advances, others
Classification of loans and advances [Axis]
[Member] [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
0 0 0 0
advances
[Abstract]
0 0 0 0
0 0 0 0
0 0 0 0
director
76

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
Other loans and advances, others Loans advances given other related
[Member] parties [Member]
Classification of assets based on security [Axis] Doubtful [Member] Unsecured considered good [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Loans and advances, gross 18,20,31,074 16,00,27,863 16,25,430 1,57,254
18,20,31,074 16,00,27,863 0 0
advances
Loans and advances 0 0 16,25,430 1,57,254
[Abstract]
0 0 0 0
0 0 0 0
0 0 0 0
director

Loans advances given suppliers Loans advances given employees
[Member] [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
0 0 0 0
advances
[Abstract]
0 0 0 0
0 0 0 0
0 0 0 0
director
77

Classification of loans and advances [Axis] Prepaid expenses [Member] Advance tax [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
0 0 0 0
advances
[Abstract]
0 0 0 0
0 0 0 0
0 0 0 0
director

Advance fringe benefit tax paid
Classification of loans and advances [Axis] Advance income tax paid [Member]
[Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Loans and advances, gross 17,09,10,550 14,81,43,821 19,73,463 19,73,463
0 0 0 0
advances
Loans and advances 17,09,10,550 14,81,43,821 19,73,463 19,73,463
[Abstract]
0 0 0 0
0 0 0 0
0 0 0 0
director
78

Classification of loans and advances [Axis] MAT credit entitlement [Member] Export incentives receivables [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Loans and advances, gross 32,50,000 0 86,95,263 81,50,175
0 0 0 0
advances
Loans and advances 32,50,000 0 86,95,263 81,50,175
[Abstract]
0 0 0 0
0 0 0 0
0 0 0 0
director

Interest income accrued but not due Deposits with statutory authorities
[Member] [Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Loans and advances, gross 13,70,852 20,47,412 33,99,28,414 23,41,95,036
0 0 0 0
advances
Loans and advances 13,70,852 20,47,412 33,99,28,414 23,41,95,036
[Abstract]
0 0 0 0
0 0 0 0
0 0 0 0
director
79

Other loans and advances, others
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
31/03/2012 31/03/2011
Subclassification and notes on liabilities and assets [Abstract]
Loans and advances, gross 24,68,28,293 4,26,51,339
Allowance for bad and doubtful loans and advances 0 0
Loans and advances 24,68,28,293 4,26,51,339
Details of loans and advances due by directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0
Loans and advances due by other officers 0 0
Total loans and advances due by directors, other officers or others 0 0
Details of loans and advances due by firms or companies in which any
director is partner or director [Abstract]
Loans and advances due by firms in which any director is partner 0 0
Total loans and advances due by firms or companies in which any director
0 0
is partner or director
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables
[Abstract]
Subclassification of trade receivables
[LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 505,38,46,473 382,35,53,056 465,28,10,714 345,45,66,614
Allowance for bad and doubtful debts 40,10,35,706 36,89,86,442 0 0
Total trade receivables 465,28,10,767 345,45,66,614 465,28,10,714 345,45,66,614
Details of trade receivables due by
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Total trade receivables due by
directors, other officers or 0 0
others
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Trade receivables due by firms in
0 0
Trade receivables due by private
companies in which any director 0 0
is director
Total trade receivables due by firms
or companies in which any director is 0 0
partner or director
80
Subclassification of trade receivables [Table] ..(2)

Classification of assets based on security [Axis] Doubtful [Member]
31/03/2012 31/03/2011
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 40,10,35,759 36,89,86,442
Allowance for bad and doubtful debts 40,10,35,706 36,89,86,442
Total trade receivables 53 0
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Total trade receivables due by directors, other officers or others 0 0
Details of trade receivables due by firms or companies in which any
director is partner or director [Abstract]
Trade receivables due by firms in which any director is partner 0 0
Trade receivables due by private companies in which any director is
0 0
director
Total trade receivables due by firms or companies in which any
0 0
director is partner or director
Disclosure of breakup of provisions [Table] ..(1)

Classification based on time period
[Member]
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 8,18,17,430 6,63,81,856 8,15,41,629 6,63,81,856
Provision leave encashment 4,73,08,944 3,96,97,982 3,67,23,981 3,51,04,636
Total provisions for employee benefits 12,91,26,374 10,60,79,838 11,82,65,610 10,14,86,492
Provision for corporate tax [Abstract]
Provision for fringe benefit tax 50,47,648 44,89,085
Provision for other tax 1,80,11,044 1,80,11,044
Total provision for corporate tax 2,30,58,692 2,25,00,129
Provision for statutory liabilities 36,32,42,480 37,11,72,240 36,32,42,480 37,11,72,240
Total provisions 51,54,27,546 49,97,52,207 48,15,08,090 47,26,58,732
81
Disclosure of breakup of provisions [Table] ..(2)

31/03/2012 31/03/2011
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits [Abstract]
Provision gratuity 2,75,801 0
Provision leave encashment 1,05,84,963 45,93,346
Total provisions for employee benefits 1,08,60,764 45,93,346
Provision for corporate tax [Abstract]
Provision for fringe benefit tax 50,47,648 44,89,085
Provision for other tax 1,80,11,044 1,80,11,044
Total provision for corporate tax 2,30,58,692 2,25,00,129
Total provisions 3,39,19,456 2,70,93,475
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member] Raw materials [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 274,23,44,715 218,72,51,686 150,80,18,557 113,67,11,036
Mode of valuation FIFO FIFO FIFO FIFO

Classification of inventories [Axis] Work-in-progress [Member] Finished goods [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Inventories 22,24,27,908 17,55,49,615 78,62,09,024 68,82,42,227

Classification of inventories [Axis] Stock-in-trade [Member] Stores and spares [Member]
01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
[Abstract]
Inventories 96,47,032 83,03,305 21,60,42,194 17,84,45,503
82

01/04/2011 01/04/2010
to to
31/03/2012 31/03/2011
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Trade payables, long-term 0 0
Others long-term, others (A) 83,49,563

2,10,08,568
Total others, long-term 83,49,563 2,10,08,568

Total other long-term liabilities 83,49,563 2,10,08,568
Current maturities of long-term debt 57,24,88,800 0
Interest accrued but not due on borrowings 8,10,39,779 5,35,21,311
Interest accrued and due on borrowings (B) 19,39,04,976

29,11,03,184
Debentures claimed but not paid 0 0

Unpaid dividends 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Excise duty payable 35,31,36,730 31,76,97,956
Taxes payable other tax (C) 43,43,68,757

24,21,66,580
Accrued expenses payable 158,67,44,165 122,79,02,487

Customer deposits refundable, current 23,70,95,214 21,74,78,239
Total deposits refundable current 23,70,95,214 21,74,78,239
Public deposit payable, current 0 0
Total other payables, current 261,13,44,866 200,52,45,262
Derivative liabilities 80,41,959 3,99,544
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others (D) 3,97,87,220
14,56,327
Total other current liabilities 350,66,07,600 235,17,25,628

Aggregate amount of trade receivables outstanding for period
46,38,73,903 46,62,70,969
exceeding six months
Fixed deposits with banks 0 0
Other deposits with banks (E) 15,13,59,691

34,45,21,445
Other balances with banks 37,91,882 2,14,52,755

Total balance with banks 15,51,51,573 36,59,74,200
Cash on hand 43,798 0
Others (F) 2,37,29,443

1,45,25,423
Total cash and cash equivalents 17,89,24,814 38,04,99,623

Total cash and bank balances 17,89,24,814 38,04,99,623
Balances held with banks to extent held against other
0 0
commitments
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than twelve months maturity 0 0
Footnotes
(A) Represents derivative financial liabilities
(B) payable to related parties
(C) statutory liabilities
(D) Represents Bank Overdraft
(E) Represents Balances with banks in current accounts
(F) Represents Balances with Banks in margin money deposit account maturing within 12 months
83
[200700] Notes - Additional disclosures on balance sheet
Details of disclosures required under MSMED Act 2006 [Table] ..(1)

Micro small medium enterprises [Axis] MSMED1
01/04/2011 01/04/2010
to to
31/03/2012 31/03/2011
Additional balance sheet notes [Abstract]
Details of disclosures required under MSMED Act 2006 [Abstract]
Details of disclosures required under MSMED Act 2006 [LineItems]
Principal and interest due remaining unpaid [Abstract]
Principal due remaining unpaid 2,87,22,418 1,29,60,563
Interest due remaining unpaid 24,65,047 19,41,326
Total principal and interest due remaining unpaid 3,11,87,465 1,49,01,889
Amount of interest paid under MSMED Act 2006 0 0
Amount of payments made to supplier beyond due date during year 0 0
Amount of interest due and payable for period 1,81,532 1,47,148
Amount of interest accrued and remaining unpaid at end of accounting year 24,65,047 19,41,326
Amount of further interest due and payable even in succeeding year 22,83,515 17,94,178
Maximum amount outstanding for period from micro small medium enterprises 0 0
Name supplier being micro small medium enterprises Company Company

01/04/2011 01/04/2010
to to
31/03/2012 31/03/2011
Disclosure of additional balance sheet notes explanatory [TextBlock]
Other commitments 0 0
Total commitments 0 0
Total contingent liabilities and commitments 0 0
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
0 0
shareholders
Percentage of equity shares held up by others 100.00% 100.00%
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year 0 0
Number of person share application money received during year 0 0
Number of person share application money paid as at end of year 0 0
Number of person share application money received as at end of year 0 0
Whether maintenance of cost records by company has
been mandated under any cost accounting records
No No
rules notified under section 209(1)(d) of
companies act,1956
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
84
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2011
to
31/03/2012
Disclosure of accounting policies, change in accounting policies and Textual information (23)
changes in estimates explanatory [TextBlock] [See below]
85
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
Notes to the financial statements
1. Significant accounting policies
Background
SKOL Breweries Limited ( the Company or SKOL ) was incorporated as a private limited company under the Companies Act, 1956 on 18
November 1988. The Company is primarily engaged in the business of brewing, packaging, distribution, marketing and sale of beer.
1.1 Basis of preparation
The financial statements have been prepared and presented under the historical cost convention on the accrual basis of accounting. The financial
statements have been prepared to comply in all material respects with the mandatory Accounting Standards ("AS") prescribed by Companies
(Accounting Standards) Rules, 2006 and the relevant provisions of the Companies Act, 1956, to the extent applicable. These financial statements
are prepared and presented in Indian Rupees.
1.2 Going concern
These financial statements have been prepared on a going concern basis, notwithstanding accumulated losses and reliance on short term
borrowings due to the following considerations:
Expected steady future growth reflected in financial projections prepared by the management
Expected continual technical and financial support by the SABMiller group and
Subsequent renewal of short term borrowings from banks.
These financial statements, therefore, do not include any adjustments relating to recoverability and classification of asset amounts or to
classification and amount of liabilities that may be necessary if the Company was unable to continue as a going concern.
1.3 Use of estimates
The preparation of financial statements in conformity with generally accepted accounting principles in India requires management to make
estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities on the date of the
financial statements and the results of operations during the reporting period end. Actual results could differ from those estimates. Any revision to
accounting estimates is recognised prospectively in current and future periods.
86
1.4 Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be measured
reliably.
(i) Sale of goods
Revenue from sale of manufactured and traded goods is recognised on transfer of all the significant risks and rewards of ownership to the buyer
which normally takes place on despatch of goods. The amount recognised as sale is net of sales tax, sales returns and trade discount. Sales are
presented both gross and net of excise duty.
(ii) Income from contract bottling
Income from contract bottling is recognised when the right to receive bottling fee is established which normally takes place on dispatch of goods
by contract bottlers to its customers.
(iii) Interest
Interest income is recognised using the time proportion basis taking into account the amount outstanding and the interest rate applicable.
(iv) Sale of spent malt and scrap
Revenue from sale of spent malt and scrap is recognised on transfer of all the significant risks and rewards of ownership to the buyer which
normally takes place on despatch of goods. The amount recognised as sale is net of sales tax and sales returns.
1.5 Fixed assets
Fixed assets are carried at cost of acquisition or construction less accumulated depreciation and provision for impairment of assets. The cost of
fixed assets includes freight, duties, taxes and other incidental expenses related to the acquisition or construction of the respective assets.
Borrowing costs directly attributable to acquisition or construction of those fixed assets which necessarily take a substantial period of time to get
ready for their intended use are capitalised
Notes to the financial statements
1. Significant accounting policies
to the extent they relate to the period till such assets are ready to be put to use. Intangible assets are recorded at their acquisition cost.
The costs of the fixed assets, which are not ready for their intended use on such date, are disclosed as capital work-in-progress.
1.6 Depreciation
87
Depreciation on fixed assets is provided on the straight-line method as per the rates and in the manner prescribed in Schedule XIV to the
Companies Act, 1956. The rates of depreciation prescribed in Schedule XIV to the Companies Act, 1956 are considered as minimum rates.
However, where the management"s estimate of the useful life of a fixed asset at the time of acquisition of the asset or of the remaining useful life
on a subsequent review is shorter than that envisaged in the aforesaid schedule, depreciation is provided at a higher rate based on the
management"s estimate of useful life/ remaining useful life.
Freehold land is not depreciated. Leasehold land is amortised over the lease term. Leasehold improvements are amortised over the lease term or
its estimated useful life of 5 years, whichever is lower.
Pro-rated depreciation is provided on all assets purchased or sold during the year. Assets, costing individually Rs 5,000 or less, are depreciated in
full in the year of purchase.
The useful life of brands, which primarily represent brands purchased, have been determined based on management"s assessment of market
conditions in India, intent to use and ability to maintain these assets, previous history of these brands and internationally accepted practices.
1.7 Impairment
The Company periodically assesses whether there is any indication that an asset or a group of assets comprising a cash generating unit may be
impaired. If any such indication exists, the Company estimates the recoverable amount of the asset. For an asset or group of assets that does not
generate largely independent cash inflows, the recoverable amount is determined for the cash generating unit to which the asset belongs. If such
recoverable amount of the asset or the recoverable amount of the cash generating unit to which the asset belongs is less than its carrying amount,
the carrying amount is reduced to its recoverable amount. The reduction is treated as an impairment loss and is recognised in the profit and loss
account. The recoverable amount is higher of the asset"s net selling price and value in use.
After recognition of impairment loss, depreciation is provided on the revised carrying amount of the asset, less its residual value (if any), over its
remaining useful life.
If at the balance sheet date there is an indication that if a previously assessed impairment loss no longer exists, the recoverable amount is
reassessed and the asset is reflected at the recoverable amount subject to a maximum of depreciable historical cost. An impairment loss is
reversed only to the extent that the carrying amount of asset does not exceed the net book value that would have been determined, if no
impairment loss had been recognised.
Pursuant to this policy the following fixed assets are depreciated to their residual value over their estimated useful life:
Class of assets Number of years
Buildings 28
Plant and machinery
- Chillers 5
- Crates 2
- Wooden pallets 3
88
- Others 14- 18
Computer equipment 4
Furniture, fittings and office equipment 6
Motor vehicles 5
Brands 20
Computer software 4
1.8 Borrowing costs
Borrowing costs directly attributable to acquisition or construction of those fixed assets, which necessarily take a substantial period of time to get
ready for their intended use, are capitalised. Other borrowing costs are accounted as an expense.
1.9 Investments
Long-term investments are carried at cost less any other-than-temporary diminution in the value, as determined by management on commercial
consideration determined separately for each individual investment.
1.10 Inventories
Inventories are valued at lower of cost and net realisable value. Cost of inventories comprises purchase price, costs of conversion and other costs
incurred in bringing the inventories to their present location and condition.
The comparison of cost and net realisable value is made on an item-by-item basis. The net realisable value of work-in-progress is determined with
reference to the selling prices of related finished goods in the ordinary course of business, less estimated cost of completion and estimated costs
necessary to make the sale. Raw materials, packing materials and other supplies held for use in production of inventories are not written below
cost except in cases where material prices have declined, and it is estimated that the cost of the finished products will exceed their net realisable
value.
1.11 Foreign exchange
Foreign exchange transactions are recorded at the rates of exchange prevailing on the date of the respective transactions. Exchange differences
arising on foreign exchange transactions settled during the year are recognised in the profit and loss account for the year.
89
Monetary assets and liabilities denominated in foreign currencies as at the balance sheet date are translated at the closing exchange rate on that
date and the resultant exchange differences are recognised in the profit and loss account.
Forward contracts and other derivatives are entered into to hedge the foreign currency risk of the underlying outstanding at the balance sheet date.
The premium or discount on all such contracts arising at the inception of each contract is amortised as income or expense over the life of the
contract. Any profit or loss arising on the cancellation or renewal of forward contracts is recognised as income or as expense for the period.
The exchange difference on the forward exchange contract entered into to hedge the foreign currency risk of the underlying outstanding at the
balance sheet date, is calculated as the difference between the foreign currency amount of the contract translated at the exchange rate at the
reporting date, or the settlement date where the transaction is settled during the reporting period, and the corresponding foreign currency amount
translated at the later of the date of inception of the forward exchange contract and the last reporting date. Such exchange differences are
recognised in the profit and loss account in the reporting period in which the exchange rates change.
The methods of determination of cost of various categories of inventories are as follows:
Raw materials, packing - First-in-first-out ("FIFO")
materials, stores and spares method
and traded goods
Work-in-progress and finished - FIFO method. Production
goods (including goods in overheads are allocated on
transit) the basis of normal
capacity of production
facilities
Maintenance spares, which are in regular use and are not an integral part of any fixed asset, are treated as inventory and valued at cost.
For forward exchange contracts and other derivatives that are not covered by AS 11 - "The Effects of Changes in Foreign Exchange Rates" and
that relate to a firm commitment or highly probable forecast transactions, the Company has adopted the principles of AS 30 - "Financial
Instruments: Recognition and Measurement" with effect from 1 April 2008. Derivative financial instruments, which qualify for cash flow hedge
accounting and where Company has met all the conditions of cash flow hedge accounting, are fair valued at balance sheet date and the resultant
exchange loss/ gain is debited/credited to the hedge reserve. This loss/ gain would be recorded in profit and loss account when the underlying
transactions affect earnings. Other derivative instruments that relate to a firm commitment or a highly probable forecast transaction and that do
not qualify for hedge accounting have been recorded at fair value at the reporting date and the resultant exchange loss/ gain has been debited/
credited to profit and loss account for the year.
90
1.12 Employee benefits
(i) Contributions to provident fund, which is a defined contribution scheme, are charged to the profit and loss account on an accrual basis.
(ii) The Company has an arrangement with Life Insurance Corporation of India to administer its superannuation scheme, which is a defined
contribution scheme. The contributions to the said scheme are charged to the profit and loss account on an accrual basis.
(iii) Gratuity, which is a defined benefit scheme is provided for based on an actuarial valuation carried out by an independent actuary as at the
balance sheet date. Actuarial gains/ losses are recognised immediately in the profit and loss account and are not deferred. Only such changes in
legislation are taken into account while providing for gratuity that have been enacted upto the balance sheet date.
(iv) Compensated absences are provided for based on an actuarial valuation carried out by an independent actuary as at the balance sheet date.
1.13 Leases
Leases where the lessor effectively retains substantially all the risks and rewards of ownership of the leased asset are classified as operating
leases. Operating lease payments are recognised as an expense in the profit and loss account on a straight-line basis over the lease term.
1.14 Provisions and contingent liabilities
The Company recognises a provision when there is a present obligation as a result of an obligating event that probably requires outflow of
resources and a reliable estimate can be made of the amount of the obligation. A disclosure of a contingent liability is made when there is a
possible obligation or a present obligation that may, but probably will not, require an outflow of resources. When there is a possible obligation or
a present obligation that the likelihood of outflow of resources is remote, no provision or disclosure is made.
Provisions for onerous contracts, i.e. contracts where the expected unavoidable costs of meeting the obligations under the contract exceed the
economic benefits expected to be received under it, are recognised when it is probable that an outflow of resources embodying economic benefits
will be required to settle a present obligation as a result of an obligating event, based on a reliable estimate of such obligation.
1.15 Taxation
Income-tax expense comprises current tax (i.e. amount of tax for the year determined in accordance with the Income-tax law) and deferred tax
charge or credit (reflecting the tax effects of timing differences between accounting income and taxable income for the year). The deferred tax
charge or credit and the corresponding deferred tax liabilities or assets are recognised using the tax rates that have been enacted or substantively
enacted by the balance sheet date. Deferred tax assets are recognised only to the extent there is reasonable certainty that the assets can be realised
in future however, where there is unabsorbed depreciation or carried forward business loss under taxation laws, deferred tax assets are recognised
only if there is a virtual certainty of realisation of such assets.
Deferred tax assets are reviewed as at each balance sheet date and written down or written up to reflect the amount that is reasonably/ virtually
certain (as the case may be) to be realised.
The Company offsets, the current (on a year on year basis) and deferred tax assets and liabilities, where it has a legally enforceable right and
where it intends to settle such assets and liabilities on a net basis.
91
Minimum Alternative Tax ("MAT") credit is recognised as an asset only when and to the extent there is convincing evidence that the Company
will pay normal Income-tax during the specified period. In the year in which the MAT credit becomes eligible to be recognised as an asset in
accordance with the recommendations contained in the Guidance Note issued by the Institute of Chartered Accountants of India ("ICAI"), the said
asset is created by way of a credit to the profit and loss account. The Company reviews the same at each balance sheet date and writes down the
carrying amount of MAT credit entitlement to the extent there is no longer convincing evidence to the effect that Company will pay normal
Income-tax during the specified period.
1.16 Earnings per share
The basic earnings per share is computed by dividing the net profit or loss attributable to equity shareholders for the year by the weighted average
number of equity shares outstanding during the year. The number of equity shares used in computing diluted earnings per share comprises the
weighted average number of shares considered for deriving basic earnings per share, and also the weighted average number of equity shares,
which would have been issued on conversion of all potentially dilutive equity shares. Potential dilutive equity shares are deemed converted as of
the beginning of the year, unless they have been issued at a later date. The potentially dilutive equity shares have been adjusted for the proceeds
receivable had the shares been actually issued at a fair value (i.e. the average market value of the outstanding shares). In computing the dilutive
earnings per share, only potential equity shares that are dilutive and that either reduces the earnings per share or increases loss per share are
included.
1.17 Employee stock compensation cost
The Company applies intrinsic value method of accounting for stock options granted by the ultimate holding company to the employees of the
Company after 1 April 2005. The intrinsic value of the employee services received in exchange for the grant of such options is recognised as an
expense. The amount recognised is spread over the vesting period which is also the period over which some of the scheme performance criteria
relate. At each balance sheet date, the estimates of the number of options that are expected to become exercisable are revised. It recognises the
impact of the revision of the original estimates, if any, in the profit and loss account over the remaining vesting period. The effect of uncertainty
as to whether any performance criteria of share options will be met is dealt with by estimating the probability of shares vesting and therefore the
cost is adjusted and readjusted for the probability of vesting in the vesting period.
1.18 Cash flow statement
Cash flows are reported using the indirect method, whereby the net profit before tax is adjusted for the effects of transactions of a non-cash nature
and any deferrals or accruals of past or future cash receipts or payments. The cash flows from regular revenue generating, investing and financing
activities of the Company are segregated
[201200] Notes - Employee benefits

01/04/2011
to
31/03/2012
Disclosure of employee benefits explanatory [TextBlock] [See below]
92
Disclosure of employee benefits explanatory [Text Block]

Employee benefits
(i) Contributions to provident fund, which is a defined contribution scheme, are charged to the profit and loss account on an accrual basis.
(ii) The Company has an arrangement with Life Insurance Corporation of India to administer its superannuation scheme, which is a defined
contribution scheme. The contributions to the said scheme are charged to the profit and loss account on an accrual basis.
(iii) Gratuity, which is a defined benefit scheme is provided for based on an actuarial valuation carried out by an independent actuary as at the
balance sheet date. Actuarial gains/ losses are recognised immediately in the profit and loss account and are not deferred. Only such changes in
legislation are taken into account while providing for gratuity that have been enacted upto the balance sheet date.
(iv) Compensated absences are provided for based on an actuarial valuation carried out by an independent actuary as at the balance sheet date
93
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] Related1 Related2
01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
Disclosure of relationship and transactions between
related parties [Abstract]
related parties [LineItems]
SABMiller Breweries SABMiller Breweries
Name of related party SABMiller plc SABMiller plc
Private Limited Private Limited
Country of incorporation or residence of related
United Kingdom United Kingdom India India
party
CIN of related party U99999MH1995PLC138600 U99999MH1995PLC138600
Ultimate Holding Ultimate Holding
Description of nature of related party relationship company company
Holding company Holding company
Description of nature of transactions with related Reimbursement of Reimbursement of

Short-term borrowings Short-term borrowings
party expenses expenses
Related party transactions [Abstract]
Purchases of goods related party transactions 0 1,93,81,921
Revenue from sale of goods related party
0 4,34,21,571
transactions
Revenue from rendering of services related
0 8,33,37,284
party transactions
Reimbursement of expenses incurred on
behalf of company during year related 18,96,333 0 0 1,71,10,679
party transactions
Reimbursement of expenses incurred by
related party during year related party 0 26,318 0 9,02,250
transactions
Transfers under finance agreements related
party transactions [Abstract]
Transfers of loan under finance
agreements from enterprise related 0 16,46,96,538
party transactions
agreements to enterprise related party 23,38,439 0
transactions
Amount written off during period in respect
0 0 0 0
of debts due from related parties
Amount written back during period in respect
0 0 0 0
of debts due to related parties
94

01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
SABMiller Asia & SABMiller Asia &
Name of related party Africa BV Africa BV
S.p.A. Birra Peroni S.p.A. Birra Peroni

South Africa South Africa Italy Italy
party
Fellow Subsidiary Fellow Subsidiary
Description of nature of related party relationship Others Others
company company
Description of nature of transactions with related
Significant influence Significant influence Purchase Purchase
party
Purchases of goods related party transactions 23,71,323 24,82,812
0 0 0 0
0 0 0 0

01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
SABMiller SABMiller
SKOL Beer Manufacturing SKOL Beer Manufacturing
Name of related party Company Limited Company Limited
Management (IN) Management (IN)
BV BV
India India United Kingdom United Kingdom
party
CIN of related party U15531KA2000PLC035817 U15531KA2000PLC035817
Description of nature of related party relationship Fellow Subsidiary company Fellow Subsidiary company
company company
Management
Description of nature of transactions with related Management group
Long-term Borrowings Long-term Borrowings group service
party service charge
charge
Interest paid during year related party
47,33,040 28,75,871
transactions
related party during year related party 2,89,037 0
transactions
Transfers under finance agreements related
party transactions [Abstract]
agreements to enterprise related party 42,59,736 18,90,284
transactions
Other related party transactions expense 29,76,67,534 25,17,02,115
0 0 0 0
0 0 0 0
95

01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
SABMiller Asia & SABMiller Asia &
Name of related party Africa (Pty) Limited Africa (Pty) Limited
SABMiller Vietnam SABMiller Vietnam

South Africa South Africa Viet nam Viet nam
party
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
Description of nature of related party relationship company company company company
Description of nature of transactions with related Reimbursement of Reimbursement of Reimbursement of Reimbursement of
party expenses expenses expenses expenses
Purchases of goods related party transactions (A) 5,25,890 (B) 4,26,323 38,48,262 0
behalf of company during year related 9,99,735 36,18,701 0 6,49,236
party transactions
related party during year related party 6,00,846 62,37,854
transactions
0 0 0 0
0 0 0 0
Footnotes
(A) Stores &Spares
(B) Raw Materials

01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
SABMiller Europe SABMiller Europe SABMiller (Asia) SABMiller (Asia)
Name of related party AG AG Limited Limited
United Kingdom United Kingdom Hong Kong Hong Kong
party
Description of nature of related party relationship company company
Description of nature of transactions with related Reimbursement of Reimbursement of
party expenses expenses
Purchases of goods related party transactions 0 0
behalf of company during year related 12,53,488 1,64,866
party transactions
0 0 0 0
0 0 0 0
96

01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
SABMiller SABMiller
SABMiller African SABMiller African
Name of related party International Brands International Brands
Breweries Limited Breweries Limited
Limited Limited
United Kingdom United Kingdom South Africa South Africa
party
Description of nature of transactions with related Reimbursement of Reimbursement of Reimbursement of Reimbursement of
party expenses expenses expenses expenses
behalf of company during year related 3,06,430 0
party transactions
related party during year related party 7,10,450 0
transactions
0 0 0 0
0 0 0 0

01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
Trinity Procurement Trinity Procurement SABMiller SABMiller
Name of related party GmbH GmbH Management BV Management BV
Switzerland Switzerland United Kingdom United Kingdom
party
Description of nature of transactions with related Salaries, wages and Salaries, wages and
Commission paid Commission paid
party bonus bonus
Other related party transactions expense 1,13,75,252 0 5,30,78,184 6,19,33,979
0 0 0 0
0 0 0 0
97

01/04/2011 01/04/2010 01/04/2011 01/04/2010
to to to to
31/03/2012 31/03/2011 31/03/2012 31/03/2011
SABMiller India SABMiller India Austindia Pty
Name of related party Holdings Holdings Limited
Austindia Pty Limited

Mauritius Mauritius Australia Australia
party
Description of nature of transactions with related
Fellow subsidiaries Fellow subsidiaries
party
Purchases of goods related party transactions 0 0 0 0
0 0 0 0
0 0 0 0

Categories of related parties [Axis] Related17
01/04/2011 01/04/2010
to to
31/03/2012 31/03/2011
Disclosure of relationship and transactions between related parties [Abstract]
Disclosure of relationship and transactions between related parties [LineItems]
Name of related party Paolo Lanzarotti Paolo Lanzarotti
Country of incorporation or residence of related party India India
Permanent account number of related party AFFPL1385P AFFPL1385P
Key Management Key Management
Description of nature of related party relationship Personnel Personnel
Description of nature of transactions with related party Remuneration Remuneration
Advances given during year related party transactions 0 28,61,236
Transaction relating to key management personnel [Abstract]
Remuneration for key managerial personnel 3,80,31,468 2,72,88,632
Amount written off during period in respect of debts due from related parties 0 0
Amount written back during period in respect of debts due to related parties 0 0

01/04/2011 01/04/2010
to to
31/03/2012 31/03/2011
Disclosure of notes on related party explanatory [TextBlock] [See below]
Whether there are any related party transactions during year Yes Yes
Whether company is subsidiary company Yes Yes
Section under which company is subsidiary Section 4(1)(b) Section 4(1)(b)
98
Disclosure of notes on related party explanatory [Text Block]

Amount outstanding as at the balance sheet date:
Rs.
As at As at
31 March 2012 31 March 2011
SABMiller Breweries Private Limited
Short-term borrowings - 2,338,439
SABMiller plc
Short term loans and advances 1,180,394 18,648
SABMiller Asia and Africa (Pty) Limited
Other current liabilities - 8,770,916
SABMiller India Limited
Long-term Borrowings 54,081,207 49,821,472
SABMiller Management (IN) BV
Other current liabilities 63,515,574 220,398,289
SABMiller Europe AG
Short term loans and advances 18,095 18,095
SABMiller Vietnam
Short term loans and advances 120,511 120,511
99
SABMiller International Brands Limited
Short term loans and advances 306,430 -
SABMiller African Breweries Limited
Other current liabilities 710,450 -
Trinity Procurement GmbH
Other current liabilities 2,237,282 -
SABMiller Management BV
Other current liabilities 127,441,671 61,933,979
Paolo Lanzarotti
Long-term loans and advances - 4,332,527
[201400] Notes - Leases

01/04/2011
to
31/03/2012
Disclosure of leases explanatory [TextBlock] [See below]
Disclosure of leases explanatory [Text Block]

Leases where the lessor effectively retains substantially all the risks and rewards of ownership of the leased asset are classified as operating
leases. Operating lease payments are recognised as an expense in the profit and loss account on a straight-line basis over the lease term
100
[300300] Notes - Earnings per share

01/04/2011 01/04/2010
to to
31/03/2012 31/03/2011
Disclosure of earnings per share explanatory [TextBlock]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Adjustments of numerator to calculate diluted earnings per share [Abstract]
[202800] Notes - Subsidiary information

01/04/2011
to
31/03/2012
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies No
[202400] Notes - Investments in associates

01/04/2011
to
31/03/2012
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates No
[202500] Notes - Financial reporting of interests in joint ventures

01/04/2011
to
31/03/2012
Disclosure of notes on interests in joint ventures explanatory [TextBlock]
Whether company has invested in joint ventures No
[202100] Notes - Other provisions, contingent liabilities and contingent assets

01/04/2011
to
31/03/2012
Disclosure of notes on other provisions, contingent liabilities and Textual information (27)
contingent assets explanatory [TextBlock] [See below]
101
Disclosure of notes on other provisions, contingent liabilities and contingent assets explanatory [Text Block]
Contingent liabilities and other commitments
Rs.
Particulars As at As at
31 March 31 March
2012 2011
(i) Contingent liabilities
Claims against the Company not acknowledged as debts in respect of:
a) Sales tax matters 75,031,390 94,261,168
b) Excise matters 92,146,972 94,448,957
c) Service tax matters 158,536,768 153,442,644
d) Custom matters 261,555 261,555
e) Other matters 23,145,575 59,784,812
(ii) Commitments
a) Estimated amount of contracts remaining to be executed on capital account (net of advances) and not provided
296,507,580 220,663,923
for
b) Other commitments
- Purchase of Hops 29,619,071 8,938,912
102
[202700] Notes - Cash flow statements

01/04/2011 01/04/2010
to to
31/03/2012 31/03/2011
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 17,89,24,814
(A) 38,04,99,623
Total cash and cash equivalents 17,89,24,814 38,04,99,623
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 2,01,93,232 1,70,73,525
Total income taxes paid (refund) 2,01,93,232 1,70,73,525
Footnotes
(A) Includes Rs. 23,729,443 (previous year: Rs.14,525,423) in margin money deposit account
103

MCA - FY12 - Anheuser-Busch InBev India PVT LTD

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MCA - FY12 - Anheuser-Busch InBev India PVT LTD

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SABMILLER INDIA LIMITED

Standalone Balance Sheet for period 01/04/2011 to 31/03/2012

[400100] Disclosure of general information about company

Disclosure of principal product or services [Table] ..(1)

[400400] Disclosures - Directors report

Disclosures relating to employee stock purchase scheme [Table] ..(1)

Details of directors signing board report [Table] ..(1)

Unless otherwise specified, all monetary values are in INR

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

Financial Year Financial Year

Gross Revenue 2,987.07 2,487.86

Profit/(Loss) before taxation (119.26) (60.36)

Less: Provision for taxation 0.15 (0.22)

Profit/(Loss) after taxation (119.41) (60.14)

Material changes subsequent to financial year end

Sustainable Development and Corporate Social Responsibility

corporate social responsibility initiatives during the year under review.

Campaign on Responsible Drinking

Contributing to reduction of HIV / AIDS

Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo

Your Directors state that:

FOR AND ON BEHALF OF THE BOARD

Harald Harvey Paolo Lanzarotti

Date: 15th May, 2012

The company has a robust energy management practice that involves:

1. Extensive benchmarking against global standards across SABMiller group.

C. Foreign Exchange Earnings and Outgo

FOR AND ON BEHALF OF THE BOARD

Harald Harvey Paolo Lanzarotti

Date: 15th May, 2012

Textual information (2)

Description of state of companies affair

Textual information (3)

Details regarding energy conservation

Textual information (4)

Particulars of employees as per provisions of section 217

Textual information (5)

Disclosures in director’s responsibility statement

Textual information (6)

Expenditure on social development

[400200] Disclosures - Auditors report

The Company has

The Company has

Details regarding auditors [Table] ..(1)

Unless otherwise specified, all monetary values are in INR

Textual information (7)

Disclosure in auditors report relating to fixed assets

Textual information (8)

Disclosure relating to physical verification and material discrepancies of fixed assets

Textual information (9)

Disclosure in auditors report relating to inventories

Textual information (10)

Disclosure of physical verification of inventories at fixed intervals

Textual information (11)

Disclosure in auditors report relating to internal control system

Textual information (12)

Textual information (13)

Disclosure relating to presence of register for necessary transactions

Textual information (14)

Disclosure in auditors report relating to maintenance of cost records

Textual information (15)

Disclosure in auditors report relating to statutory dues