Dabur India limited
Annual Report 2020-21 Corporate Overview Board & Management Reports Financial Statements
Standalone Balance Sheet
as at 31 March, 2021
(All amounts in ` crores, unless otherwise stated)
Particulars Note 31 March, 2021 31 March, 2020
ASSETS
Non-current assets
a) Property, plant and equipment 6A 1,131.00 1,060.75
b) Capital work-in-progress 6B 107.26 105.83
c) Investment property 6C 47.39 48.38
d) Other intangible assets 6D 26.42 25.15
e) Financial assets
(i) Investments in subsidiaries and joint venture 7A 98.67 98.67
(ii) Investments 7B 3,024.09 985.49
(iii) Loans 8 16.37 16.78
(iv) Others 9 88.63 403.27
f) Deferred tax assets (net) 25 17.45 21.62
g) Non-current tax assets (net) 10 3.99 0.86
h) Other non-current assets 11 112.90 68.12
Total non-current assets 4,674.17 2,834.92
Current assets
a) Inventories 12 1,114.16 809.14
b) Financial assets
(i) Investments 13 451.14 1,382.67
(ii) Trade receivables 14 281.24 379.63
(iii) Cash and cash equivalents 15 11.37 2.87
(iv) Bank balances other than (iii) above 16 823.37 522.73
(v) Loans 17 1.75 1.22
(vi) Others 18 7.79 9.25
c) Other current assets 19 139.17 157.68
Total current assets 2,829.99 3,265.19
Total assets 7,504.16 6,100.11
EQUITY AND LIABILITIES
Equity
a) Equity share capital 20 176.74 176.71
b) Other equity 21 5,214.48 4,397.52
Total equity 5,391.22 4,574.23
Liabilities
Non-current liabilities
a) Financial liabilities
(i) Borrowings 22 19.62 24.68
(ii) Other financial liabilities 23 1.37 4.66
b) Provisions 24 55.55 54.69
Total non-current liabilities 76.54 84.03
Current liabilities
a) Financial liabilities
(i) Borrowings 26 151.96 89.28
(ii) Trade payables
Due to micro and small enterprises 27 117.56 44.59
Due to others 27 1,363.14 987.86
(iii) Other financial liabilities 28 165.25 137.29
b) Other current liabilities 29 77.43 55.33
c) Provisions 30 134.43 122.80
d) Current tax liabilities (net) 31 26.63 4.70
Total current liabilities 2,036.40 1,441.85
Total liabilities 2,112.94 1,525.88
Total equity and liabilities 7,504.16 6,100.11
Summary of significant accounting policies 5
The accompanying notes are an integral part of these standalone financial statements
This is the Standalone Balance Sheet referred to in our report of even date.
For Walker Chandiok & Co LLP For and on behalf of the Board of Directors
Chartered Accountants
Firm’s Registration No.: 001076N/N500013
Neeraj Goel Amit Burman Mohit Malhotra P.D. Narang
Partner Chairman Whole Time Director Whole Time Director
Membership No.:099514 DIN: 00042050 DIN: 08346826 DIN: 00021581
Ashok Kumar Jain Ankush Jain
EVP (Finance) and Company Secretary Chief Financial Officer
M. No.: FCS 4311
Place : Gurgaon Place : New Delhi
Date : 7 May, 2021 Date : 7 May, 2021
226
Corporate Overview Board & Management Reports Financial Statements
Standalone Statement of Profit and Loss
for the year ended 31 March, 2021
(All amounts in ` crores, unless otherwise stated)
Particulars Note 31 March, 2021 31 March, 2020
Income
Revenue from operations 32 7,184.73 6,309.80
Other income 33 276.65 276.90
Total income 7,461.38 6,586.70
Expenses
Cost of materials consumed 34 2,756.03 2,449.37
Purchases of stock-in-trade 1,117.50 865.22
Changes in inventories of finished goods, stock-in-trade and work-in-progress 35 (176.71) (69.89)
Employee benefits expense 36 655.82 578.26
Finance costs 37 9.14 19.27
Depreciation and amortisation expense 38 143.40 129.93
Other expenses
Advertisement and publicity 643.50 514.26
Others 39 629.39 591.81
Total expenses 5,778.07 5,078.23
Profit before exceptional items and tax 1,683.31 1,508.47
Exceptional items 40 - 100.00
Profit before tax 1,683.31 1,408.47
Tax expense 41
Current tax (including earlier years) 441.89 425.40
Deferred tax (140.47) (187.28)
Total tax expense 301.42 238.12
Net profit for the year 1,381.89 1,170.35
Other comprehensive income 42
A (i) Items that will not be reclassified to profit or loss 6.87 (29.74)
(ii) Income tax relating to items that will not be reclassified to profit or loss (2.40) 10.39
B (i) Items that will be reclassified to profit or loss (26.85) 35.00
(ii) Income tax relating to items that will be reclassified to profit or loss 6.25 (8.15)
Total other comprehensive income (16.13) 7.50
Total comprehensive income for the year 1,365.76 1,177.85
Earnings per equity share
Basic ` 43 7.82 6.62
Diluted ` 7.80 6.60
Summary of significant accounting policies 5
The accompanying notes are an integral part of these standalone financial statements
This is the Standalone Balance Sheet referred to in our report of even date.
For Walker Chandiok & Co LLP For and on behalf of the Board of Directors
Chartered Accountants
Firm’s Registration No.: 001076N/N500013
Neeraj Goel Amit Burman Mohit Malhotra P.D. Narang
Partner Chairman Whole Time Director Whole Time Director
Membership No.:099514 DIN: 00042050 DIN: 08346826 DIN: 00021581
Ashok Kumar Jain Ankush Jain
EVP (Finance) and Company Secretary Chief Financial Officer
M. No.: FCS 4311
Place : Gurgaon Place : New Delhi
Date : 7 May, 2021 Date : 7 May, 2021
227
Dabur India limited
Annual Report 2020-21 Corporate Overview Board & Management Reports Financial Statements
Standalone Cash Flow Statement
for the year ended 31 March, 2021
(All amounts in ` crores, unless otherwise stated)
Particulars 31 March, 2021 31 March, 2020
A CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax 1,683.31 1,408.47
Adjustments for:
Depreciation and amortisation expense 143.40 129.93
(Profit) / loss on disposal of property, plant and equipment (net) (0.33) 1.76
Share based payment expense 34.73 36.48
Provision for disputed liabilities 13.50 4.50
Provision for employee benefits 6.98 9.37
Finance costs 9.14 17.88
Interest income (222.23) (214.23)
Unrealised foreign exchange loss / (gain) (net) 1.11 (3.70)
Expected credit loss / impairment of financial and non-financial assets 2.34 1.11
Loss / (gain) on fair valuation of financial instruments (net) 0.76 (1.13)
Net gain on sale of financial assets measured at FVTPL (15.82) (16.90)
Net gain on sale of financial assets measured at FVTOCI (12.26) (6.90)
Net gain on sale of financial assets measured at amortised cost (0.42) (1.87)
Exceptional items (refer note 40) - 100.00
Operating profit before working capital changes and other adjustments 1,644.21 1,464.77
Working capital changes and other adjustments:
Inventories (305.02) (76.24)
Trade receivables 94.27 53.94
Current and non-current financial assets 9.89 13.35
Other current and non-current assets 15.33 (67.11)
Trade payables 448.92 33.40
Other current and non-current financial liabilities 49.07 (0.57)
Other current liabilities and provisions 22.10 2.17
Cash flow from operating activities post working capital changes 1,978.77 1,423.71
Income taxes paid (net of refund) (274.60) (268.94)
Net cash flow from operating activities (A) 1,704.17 1,154.77
B CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of property, plant and equipment, capital work-in-progress and other (249.90) (264.54)
intangible assets
Proceeds from disposal of property, plant and equipment 2.11 11.52
Purchase of investments and bank deposits (7,276.63) (8,123.69)
Proceeds from sale of investments and bank deposits 6,172.48 7,818.87
Interest received 230.54 226.30
Net cash flow used in investing activities (B) (1,121.40) (331.54)
228
Corporate Overview Board & Management Reports Financial Statements
Particulars 31 March, 2021 31 March, 2020
C CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issue of equity share capital 0.03 0.08
Repayment of non-current borrowings (including current maturities) (25.00) (175.00)
Proceeds from / (repayment of) current borrowings (net) 82.94 (3.93)
Principal payment of lease liabilities (12.15) (11.06)
Interest payment of lease liabilities (3.01) (4.12)
Dividend paid (592.09) (512.45)
Dividend distribution tax paid - (105.33)
Finance costs paid (5.76) (14.19)
Net cash flow used in financing activities (C) (555.04) (826.00)
Increase / (decrease) in cash and cash equivalents (A+B+C) 27.73 (2.77)
Cash and cash equivalents at the beginning of the year (21.75) (20.24)
Net unrealised foreign exchange gain 1.03 1.26
Cash and cash equivalents at the end of the year 7.01 (21.75)
Note:
Cash and cash equivalent (as per note 15 to the standalone financial statements) 11.37 2.87
Balances with banks in cash credit accounts (refer note 26) (3.81) (21.53)
Balances with banks in over draft accounts (refer note 26) (0.55) (3.09)
Cash and cash equivalent as per Standalone Cash Flow Statement 7.01 (21.75)
Note: The above Standalone Statement of Cash Flows has been prepared under the ‘Indirect Method’ as set out in Ind AS 7, ‘Statement of Cash
Flows’.
The accompanying notes are an integral part of these standalone financial statements
This is the Standalone Cash Flow Statement referred to in our report of even date.
For Walker Chandiok & Co LLP For and on behalf of the Board of Directors
Chartered Accountants
Firm’s Registration No.: 001076N/N500013
Neeraj Goel Amit Burman Mohit Malhotra P.D. Narang
Partner Chairman Whole Time Director Whole Time Director
Membership No.:099514 DIN: 00042050 DIN: 08346826 DIN: 00021581
Ashok Kumar Jain Ankush Jain
EVP (Finance) and Company Secretary Chief Financial Officer
M. No.: FCS 4311
Place : Gurgaon Place : New Delhi
Date : 7 May, 2021 Date : 7 May, 2021
229
