STANDALONE BALANCE SHEET AS AT MARCH 31, 2019
` Crore
Note As at As at
No. March 31, 2019 March 31, 2018
I. ASSETS
1. Non-current assets
(a) Property, Plant and Equipment 3 526.20 489.68
(b) Capital work-in-progress 30.84 50.58
(c) Goodwill 4 2.48 2.48
(d) Other Intangible assets 4 814.83 821.90
(e) Intangible assets under development 1.16 1.80
(f) Financial Assets
(i) Investments in subsidiaries and associates 5 2,947.46 2,949.61
(ii) Other Investments 6 - 105.20
(iii) Loans 7 16.99 16.32
(iv) Others 8 31.07 4.27
(g) Deferred tax assets (Net) 21 374.23 -
(h) Other non-current assets 9 52.10 46.01
(i) Non-current Tax Assets (Net) 10 22.84 19.66
Total Non Current Assets 4,820.20 4,507.51
2. Current assets
(a) Inventories 11 615.12 576.25
(b) Financial Assets
(i) Investments 12 477.34 847.65
(ii) Trade receivables 13 353.18 248.58
(iii) Cash and cash equivalents 14 A 79.69 86.11
(iv) Bank balances other than (iii) above 14 B 17.55 12.00
(v) Loans 15 0.14 0.25
(vi) Others 16 138.83 193.24
(c) Other current assets 17 162.50 152.49
Total Current Assets 1,844.35 2,116.57
TOTAL ASSETS 6,664.55 6,624.08
II. EQUITY AND LIABILITIES
1. EQUITY
(a) Equity Share capital 18 102.22 68.13
(b) Other Equity 19 4,823.94 4,573.46
Total Equity 4,926.16 4,641.59
2. LIABILITIES
Non-current liabilities
(a) Provisions 20 56.32 51.66
(b) Deferred tax liabilities (Net) 21 - 228.46
(c) Other non-current liabilities 22 28.09 17.75
Total Non Current Liabilities 84.41 297.87
Current liabilities
(a) Financial Liabilities
(i) Trade payables
(a) Total outstanding dues of Micro and Small Enterprises 23 53.49 -
(b) Total outstanding dues of creditors other than Micro and Small 23 1,404.12 1,452.92
Enterprises
(ii) Other financial liabilities 24 48.82 39.00
(b) Other current liabilities 25 107.67 154.81
(c) Provisions 26 38.92 36.93
(d) Current tax Liabilities (Net) 26 A 0.96 0.96
Total Current Liabilities 1,653.98 1,684.62
TOTAL EQUITY AND LIABILITIES 6,664.55 6,624.08
The accompanying notes 1 to 50 are an integral part of the Standalone Financial Statements.
As per our report of even date attached For and on behalf of the Board
For B S R & Co. LLP
Chartered Accountants Nisaba Godrej
Firm Regn No. 101248W/W-100022 Executive Chairperson
DIN: 00591503
Vijay Mathur V Srinivasan Vivek Gambhir
Partner Chief Financial Officer Managing Director & CEO
M. No. 046476 & Company Secretary DIN: 6527810
Mumbai: May 3, 2019
190
Integrated Report Statutory Report Financial Statements | Standalone
STANDALONE STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED MARCH 31, 2019
` Crore
Note Year ended Year ended
No. March 31, 2019 March 31, 2018
Revenue
I Revenue from Operations 27 5,679.31 5,354.74
II Other Income 28 94.45 73.89
III Total Income (I + II) 5,773.76 5428.63
IV Expenses
Cost of Materials Consumed 29 2,030.82 1,884.95
Purchases of Stock-in-Trade 254.70 247.42
Changes in Inventories of Finished Goods, Stock-in-Trade and Work-in-Progress 30 27.75 46.24
Excise Duty - 93.72
Employee Benefits Expense 31 351.50 355.51
Finance Costs 32 64.86 51.89
Depreciation and Amortization Expense 33 69.07 63.30
Other Expenses 34 1,501.98 1,396.59
Total Expenses 4,300.68 4,139.62
V Profit Before Tax (V+VI) 1,473.08 1,289.01
VI Tax Expense
(1) Current Tax 320.66 283.28
(2) Deferred Tax (Refer Note 21) (602.56) 5.86
Total Tax Expense (281.90) 289.14
VII Profit for the Year (VII-VIII) 1,754.98 999.87
VIII Other Comprehensive Income
A (i) Items that will not be reclassified to profit or loss
Remeasurements of defined benefit plans (0.38) (4.60)
(ii) Income tax relating to items that will not be reclassified to profit or loss 0.21 2.63
Total Comprehensive Income for the year (IX+X) 1,754.81 997.90
IX Earnings per Equity Share (Face Value ` 1) 35
(1) Basic (`) 17.17 9.78
(2) Diluted (`) 17.17 9.78
The accompanying notes 1 to 50 are an integral part of the Standalone Financial Statements.
As per our report of even date attached For and on behalf of the Board
For B S R & Co. LLP
Chartered Accountants Nisaba Godrej
Firm Regn No. 101248W/W-100022 Executive Chairperson
DIN: 00591503
Vijay Mathur V Srinivasan Vivek Gambhir
Partner Chief Financial Officer Managing Director & CEO
M. No. 046476 & Company Secretary DIN: 6527810
Mumbai: May 3, 2019
191
STANDALONE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED MARCH 31, 2019
` Crore
Year ended Year ended
March 31, 2019 March 31, 2018
A. CASH FLOW FROM OPERATING ACTIVITIES
Profit Before Tax 1,473.08 1,289.01
Adjustment for:
Depreciation and amortisation 69.07 63.30
Unrealised Foreign Exchange (Gain) / Loss 3.08 1.65
Bad Debts Written off 0.95 0.30
Provision / (Write-back) for Doubtful Debts / Advances 0.05 0.31
Provision for Non Moving Inventory (0.63) 12.45
Write back of Old Balances (0.21) (0.78)
Expenses on Employee Stock Grant Scheme (ESGS) 9.12 8.72
Finance Costs 64.86 51.89
(Profit) / Loss on Fixed Assets Sold / Discarded (Net) 0.43 4.14
(Profit) / Loss on Sale of Investments (Net) (8.03) (18.54)
Fair value Gain/ (Loss) on financial assets measured at FVTPL (0.01) 8.14
Corporate Guarantee Commission (16.57) (16.73)
Interest Income (60.20) (41.77)
61.91 73.08
Operating Cash Flows Before Working Capital Changes 1,534.99 1,362.09
Adjustments for:
Increase in inventories (38.24) (26.78)
Increase in trade receivables (105.55) (40.10)
Increase in loans (0.56) (1.13)
(Increase) / Decrease in other financial assets 27.61 (9.08)
Increase in other non-financial assets (14.16) (106.14)
Increase in trade payable and other financial liabilities 15.54 331.14
Increase/ (Decrease) non - financial liabilities and provisions (13.50) 6.97
(128.86) 154.88
Cash Generated from Operating Activities 1,406.13 1,516.97
Adjustment for:
Income taxes paid (Net) (323.97) (281.53)
Net Cash Flow from Operating Activities ( A ) 1,082.16 1,235.44
B. CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Property, Plant & Equipment and Intangible assets (Net) (81.87) (119.23)
Sale of Property, Plant & Equipment and Intangibles 1.31 6.19
Investments in Mutual Funds (Net) 102.66 328.33
Investments in Deposits with NBFCs (Net) 192.44 (90.14)
Investments in Non Convertible Debentures with NBFCs (Net) 86.06 (212.20)
Investments in Commercial Papers 97.04 (97.04)
Investments in Fixed Deposits having maturities greater than 3 months (Net) (5.55) (1.45)
Investments in Subsidiaries 2.28 (156.52)
Interest Received 65.62 39.64
Net Cash Flow from/ (used in) Investing Activities ( B ) 459.99 (302.42)
192
Integrated Report Statutory Report Financial Statements | Standalone
STANDALONE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED MARCH 31, 2019
` Crore
Year ended Year ended
March 31, 2019 March 31, 2018
C. CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from Allotment of Equity Shares under ESGS* 0.00 0.01
Expenses on issue of bonus shares (0.75) (0.71)
Proceeds/ (Repayments) from Commercial Paper - (148.97)
Proceeds from Short-term loans 50.00
Repayment of Short-term loans (50.00)
Finance costs paid (69.13) (47.30)
Dividend Paid (1,226.52) (613.12)
Dividend Distribution Tax Paid (252.11) (124.82)
Net Cash Flow used in Financing Activities ( C ) (1,548.50) (934.91)
NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS (A+B+C) (6.35) (1.89)
CASH AND CASH EQUIVALENTS:
As at the beginning of the year (Refer Note 14 A) 86.11 88.00
Unrealised Foreign Exchange Restatement in Cash and Cash Equivalents (0.07) -
As at the end of the year (Refer Note 14 A) 79.69 86.11
* amounts less than ` 0.01 crore
Notes:
1 The above Statement of Cash Flows has been prepared under the ‘Indirect Method’ as set out in IND AS 7, ‘Statement of Cash Flows.’
2 The accompanying notes 1 to 50 are an integral part of the standalone financial statements
As per our report of even date attached For and on behalf of the Board
For B S R & Co. LLP
Chartered Accountants Nisaba Godrej
Firm Regn No. 101248W/W-100022 Executive Chairperson
DIN: 00591503
Vijay Mathur V Srinivasan Vivek Gambhir
Partner Chief Financial Officer Managing Director & CEO
M. No. 046476 & Company Secretary DIN: 6527810
Mumbai: May 3, 2019
193
