AFSA latest1

8/12/2019 AFSA latest1

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2009Particulars Notes Amount(in millions)

Sales 68326Less: Excise Duty 422

Net Sales 67904

Add: Operating Income 1363.2Total Operating Income 69267.2

Less: Cost of Goods Sold (COGS) 20151.9Gross Profit 49115.3

Less: Selling and Admin Expenses (SAE) 5779EBIDTA 43336.3

Less: Depreciation and Amortization 4977Less: Impairment of Goodwill 13766

Less: Impairment of Intangible Assets 862EBIT 23731.3

Less: Interest 972Add: Non Operating Income 185.7Less: Non Operating Expense 1864.3

PBT 21080.7Less: Provision for Tax 2608

Current Tax Deffered Tax

PAT 18472.7Balnce of profit and loss carried forward 12001

Less: proposed dividend 1053

Transferred to Reserves and Surplus 29420.7

COMMONSIZE STATEMENParticulars 2009

Sales 98.64%Less: Excise Duty 0.61%

Net Sales 98.03%Add: Operating Income 1.97%Total Operating Income 100.00%

Less: Cost of Goods Sold (COGS) 29.09%Gross Profit 70.91%

Less: Selling and Admin Expenses (SAE) 8.34%EBIDTA 62.56%

Less: Depreciation and Amortization 7.19%Less: Impairment of Goodwill 19.87%

Less: Impairment of Intangible Assets 1.24%EBIT 34.26%

Less: Interest 1.40%

Add: Non Operating Income 0.27%Less: Non Operating Expense 2.69%

PBT 30 43%


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Operating PAT 13714.75 3140.07Operating PAT/Sales 0.20 0.04

Sales/Capital Employed 1.36Capital Employed/Equity 1.45

ROE 0.09

DriversSales/Net Fixed Assets 5.42Sales/Intangible Assets 155.09

Sales/Operating Working Capital 5.44Sales/Total Working Capital 3.23

Sales/Recievables 7.93Collection Period 45.42Sales/Inventories 8.04

Inventory Holding Period 44.80


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2010 2011 2012Amount(in millions) Amount(in millions) Amount (in millions)

68,833 72,724 94734316 356 405

68517 72368 94329

2002 2119 381670519 74487 9814544530 46518 5753925989 27969 4060611488 12705 1617014501 15264 244364131 3981 5180887 46

3,696 13075787 11283 17903312 234 1056805 1005 132124 0 40

6256 12054 181282668 1839 54613252 2106 5248-560 -267 213-24

3588 10215 126671036 1162 80731,900 1,904 2331

2724 9473 18409

2010 2011 201297.61% 97.63% 96.52%0.45% 0.48% 0.41%

97.16% 97.16% 96.11%2.84% 2.84% 3.89%

100.00% 100.00% 100.00%63.15% 62.45% 58.63%36.85% 37.55% 41.37%16.29% 17.06% 16.48%20.56% 20.49% 24.90%5.86% 5.34% 5.28%1.26% 0.00% 0.05%5.24% 0.00% 1.33%8.21% 15.15% 18.24%0.44% 0.31% 1.08%

1.14% 1.35% 1.35%0.03% 0.00% 0.04%8 87% 16 18% 18 47%


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9363.33 11771.90 13191.870.13 0.12 0.111.55 1.62 2.251.64 1.46 1.27

0.32 0.28 0.32

4.29 4.22 4.5825.94 21.67 40.339.28 8.10 11.814.00 3.91 4.666.42 5.95 4.65

56.06 60.55 77.505.56 6.14 6.06

64.73 58.66 59.37


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2013Amount(in millions)

114933718

114215

362911784473734441101791226198550250537

2015410032611

342172867616570191

14967165772548

28996

201397.53%0.61%

96.92%3.08%

100.00%62.57%37.43%15.20%22.23%4.67%0.43%0.03%

17.10%0.85%

2.22%0.03%

18 44%


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Notes on Cost of good sold 2009 2010 2011 2012Raw material consumed 16416 14557 11,895 19493Purchase of stock in trade 5813 7,098 7182changes in inventory of finished goods -289 247 -1,573 -1526Conversion charges 104.4 811 962 2278Excise duty 904.2 424 617 534

Employee benefit 34.7 11832 12,786 15912Research and development expenses 952 3731 5,077 5952chemicals consumed 470.5 2680 4713 1837power and Fuel 1183.2 1415 1833 2259Repairs and maintanence expenses 243.9 1996 2126 2303Insurance 84.1 262 265 376Rent 10.2 519 419 523Rates and taxes 37.7 243 300 416Total 20151.9 44530 46,518 57539

Notes on changes in inventory of finished goods 2009 2010 2011 2012OpeningWork in progress 2457.4 2989 3,901 4091finished goods 339 5613 4,454 2566Stock acquired from acquisition 146Stock in trade 0 3197total 2796.4 8602 8,355 10000less closingWork in progress 2504.6 3901 4,091 4986finished goods 581.2 4454 5,837 2196

3085.8 8355 9,928 7182

total -289.4 247 -1,573 2818

Notes on Employee Benefit expenses 2009 2010 2011 2012Salaries and wages 8195 9477 10,827 13679Contribution to PF 706 614 654 672Staff welfare expenses 815 1543 1,037 1158Stock compensation expenses 204 198 268 403TOTAL 9920 11832 12,786 15912

Notes on operating income 2007 2010 2011 2012service income 1060 1658 1741 2336

export interest 46.9 111sale of spent chemicals 211 209 254 382royalty income 57dividend from subsidary company 0.9 135 421Misc income 44.4 124 509Total income 1363.2 2002 2119 3816

Notes on non operating income 2009 2010 2011 2012Income from settlement of litigation


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Interest income from fixed deposits 197 86 353other interest income 174.7 52 19 24Profit on sale of fixed assets 10.1 251 31Profit on sales of current investment 10 158Dividend 0.9 47 58Misc incomes 436 581 44

Forex gain 0 73 711Total income 185.7 805 1005 1321

Notes on selling adminstrative expenses 2009 2010 2011 2012Advertisements 675 477 851 1288Commision on sales 349 401 338 433Carriage outward 1699 1703 2025 3036selling expenses 32.1 4329 4,235 5087legal and professional fees 270.4 1688 2,345 2394Travel and conveyance expenses 51.9 760 963 1098analytical charges 102.2 273 330 557printing and stationary 47.4 117 136 154Donation 2.1 152 132 177Provison for Doubtful debts 28 77 75 168Provision for advances 23 -17 -4 467Director sitting fees 0.6 0 1Non executive director remuneration 189 0 46 54Auditors remuneration 6.6 16 11 15

rebate & Discounts 63.3 1241Sundry expensea 1277 1164 1010

settlement of legal claim from innovator 916 80Bad debts written off 46.4 91 84Postage, telegram & telephone 30.4

Commision on sales 275.9 48total 5779 11488 12705 16170

Notes on Depreciation 2009 2010 2011 2012Land -freelease hold 2 2Building

Owned 194 229 269 375 Assets undertaken on lease 8 9 9 10Plant and machineryOwned 1219 1456 1626 2570

Assets undertaken on lease 0 6Electrical Equipment 137 180 208 18LaboratoryOwned 317 325 362 76

Assets undertaken on lease 0


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2013281668057-16851880630

192877915164833542970450603459

73734

2013

49862196

434411526

56385992

11630

-104

201316544

9551367421

19287

20132070

14058854

533244

3629

20131112


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87723

212

53

3342611

20131406290

3630579730051402394178176108672

6015

1382

17912

2013

43113

20743

309

470


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394

9225

3811

201313

796880

2

1691

20131000

44-41

10032013

34


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Consolidated balance sheet of Dr Reddy as on 31st march 2013(In millions) (In millions)

Particulars Amount(2009) Amount(2010)LIABILITIES

1. Shareholders fund bi 37,769Equity Sharecapital 842 844

Reserve and Surplus 34420 36,925

2.Deferred tax liabilty( net) 914 750

3.Debts 19975 14839Secured loans 385 268

Unsecured loansDeferred payment liabilities 19590 14571

4.Minority interest 0 0TOTAL LIABILITIES 20889 53358

ASSETS1. Intangible assets 454.7 2872

2. Goodwill 8233 32673. Net fixed Assets 13007.5 17383

Capital work in progress 4296 76224. Investments 6 6

5. Net working capital 17189.2 132156.Long term working capital 4656 5419

Total Assets 47842.4 49784

Operating balance sheet of Dr reddy of the year 2013Liabilitiy 2009 2010Equity 35,262 37,769

Less: non operating invt 6 6Less : Excess cash 4237.656 5189.62

Net DTL 914 750Core Equity 31,932 33,323

Debts 19975 14839

Minority interest 0 0

Total 51,907 48,162

Assets 2009 2010Intangible assets 454.7 2872

Goodwill 8233 3267Net fixed assets 13007.5 17383


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opearing investmentOperating working capital 12952 8025

Long term working cap 4656 5419Capital work in progress 4296 7622

Total 43599 44588


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In millions in millions in millionsAmount(2011) Amount(2012) Amount(2013)

40,318 49890 63691846 848 849

39,472 49042 62842

999 191 1070

23705 16419 12659295 261 802

5,078 507818332 11080 11857

0 0 065022 66500 77420

4530 2922 28986059 5463 6192

23266 25732 314256045 7085 5653

9 9 416374 24076 293228739 1213 1935

65022 66500 77429

2011 2012 201340,318 49,890 63,691

9 9 44261.26 14098.1 17814.12

999 191 107037,047 35,974 46,94323705 16419 12659

0 0 0

60,752 52,393 59,602

2011 2012 20134530 2922 28986059 5463 6192

23266 25732 31425


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Notes on share capital no of shareno of share outstanding at the beginning of the year

53,765,268Share Issued during the year

Number of share outstanding

Notes on reserve and surplus 2009Capital reserveBalance at the beginning of the year 14Movement during the year

14Securities premiumBalance at the beginning of the year 17642Add: addition during the yar on ESOP 171

17813

Employee stock option outstandingBalance at the beginning of the year 616Add: Amortisation during the year, net of forfeiture 278less : options exercised during the year -266(A) 628

General reserveBalance at the beginning of the year 12651

Add: Transferred from surplus 561Less: Transferred to surplus13212

foreign currency translation reserveBalance at the beginning of the year 1478Movement during the year 714

2192Debenture redemption reserveBalance at the beginning of the yearAdd : transferred fronm surplus

Hedging reserveBalance at the beginning of the year -10Movement during the year -227

-237

SurplusBalnce at the beginning of the year 12001


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Add: Transfer from general reserveAdd: current year profit 18,473Amoutn availabe for appropiaiton 30473.7Less : appropiationPropsed Dividend 1053Tax on proposed dividend 178

Dividend on previous years 1Debenture redemption reserveDividend distribution tax on distributionBonus debentures as per court approved schemeTransferred to general reserve 561

28680.7

Defered stock compensation costBalance at the beginning of the year 264Add: options granted during the year 278Less : Amortisation during the year -204options forfieted during the year -99balance at the end of the year (B) 239A-B 389

TOTAL 34420

Deffered tax liability/assets (net) 2009tax loss carried forward 438provisions 64

inventories 10trade recievables 100other current assetscurrent liabilitiesstock based compensation costexcess of depreciation allowed on income tax over depreciation provided

Notes on debts 2009

Secured loansterm loans from bank 1635.1Working Capital loan from bank 8189.7shirt term loan 50.8interest accrued and due 0.7Hire purchase loan from bank 0.4Total 9876.7Unsecured loansfrom banks short term loans 2422


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current account credit balance 3.6short term loans 171interest accrued and due 45.9zero coupon foreign currency convertible bonds 9866.2sales tax deferement loans 944.3Total 13453

Deferred payment liabilitiesSales tax deferment loan from Government of andhra pradesh60

Long term loans from banks 1953066249.4

Investments 2009Non current investment1.Quoted(listed) investmentsEquity shares (fully paid)12,000 equity shares of rs 10 each of SBI 3

2.unquoted InvestmentsOrdinary shares of roubles of rs 1000 each 71

2,00,000 ordinary shares of Rs 10 each of Altek engineering limited, india

8859 equity share of Rs 100 each of Jeedimetla effluent treatment limited, india

24,000 equity share Rs 100 each of Progressive effluent treatment limited india

20,250 equity share of Rs 10 each of Shivalik solid waste management limited , india

less: provision for decline, in the value of long term investment -683

Total 6

Notes investment 2009CURRENT INVESTMENTSQuoted investment other than trade - Equity shares fully paid of andhra bank of Rs.1 0.2

Unquoted Trad-equity shares fully paid 70,000 ofcitadel aurobindo biotech ltd 7Less: Provision for diminution in the value of investment -7Total 0.2LONG TERM INVESTMENTSEquity Shares (Fully Paid-up)753 (753) equity shares of Jeedimetla Effluent Treatment Limited of Rs.100 each 0.1103,709 (103,709) equity shares of Patancheru Enviro-Tech Limited of Rs.10 each 1


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1,000 (1,000) equity shares of Progressive Effluent Treatment Limited of Rs.100 each 0.1Government securities:-Kisan Vikas Patra 1National Savings Certificates 0.2TOTAL 2.4

Total 2.6Cash and Bank balances 2009Cash on hand 15

Bank balanceIn current account 2638in EEFC account 70In deposit account (maturity less than 3 months) 4702Cash and Cash equivalent (A) 7425

in unclaimed dividend account 14In unclaimed fractional share pay order account 1In unclaimed debenture interest accountIn deposit account ( more than 3 months less than 12 monthsOther bank balances (B) 15

Total Cash balances (A+B) 7440

Notes on net working capital 2009Current Investment

Inventory 8776.3sundry debtors 8897.6Less: provision for doubtful debts 0

Cash and bank 1276.5 loan and advances 3869.2

Other current assets 70.1TOTAL 22889.7

Less: Current LiabilitiesShort liabilities

current liabilities 5434.6Short term provisions 265.9

Trade payableTOTAL 5700.5

17189.2

Notes on Long term working capital 2009Non current assets

Other non current assetsLong term loans and advances 5043

Deferred tax assets 376


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5419Less: Non current liabilitiesOther long term liabilities

Long term provision 763763

4656

Notes on Fixed assets 2009free hold Land 424.1Lease hold land 269

Lease hold building 53.5free hold Building 2815.8

Plant and Machinary 9230.6Electric equipments 0

Laboratory equipments 0Furniture and Fixtures 163.8

Vechicles 50.7

13007.5

Notes on Net intangible assets 2009

computer software -0.1product development cost 0

licences & patents 454.8454.7

Notes on operating working capital 2009

Current working capital 17189.2Less: excess cash 4237.65612951.544

Working notes on Equity 2009Paid up share capital 842Reserve and surplus 34,420

35,262

Working notes on Excess cash 2009Total cash 5623

Less: operating cash 1385.3444237.656

Working notes on net DTL 2009Deffered tax liabilities 914


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2009 no of share 2010 No of share 2011 No.of shares

268.8 168845585 844 168,845,585 844 169252732

407147 2 307,614

268.8 844 846

2010 2011 2012 2013

14 274 274 274260 -7274 274 274 267

17813 18037 18279 18,352224 241 253 283

18037 18278 18532 18,635

628 573 405 551264 424 403 421-319 -281 -257 -283573 716 551 689

13,212 14058 8979 9924

846 893 945 1265-597214,058 8979 9924 11189

2192 2535 2898 3673343 363 775 137

2535 2898 3673 3810

19 86719 848 845

19 867 1712

-237 508 546 -1356745 38 -1902 965508 546 -1356 -391

1036 1162 8073 16577


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59723,588 10,215 12,667 14,9674624 17349 20740 31544

1,900 1,904 2331 2548316 309 378 433

1 4 3 319 848 845843

5078846 893 945 1265

1561 8299 16235 26450

223424-268-68311405

36925 40239 48700 62842

2010 2011 2012 2013380 361 435191 254 250

70 174 207186 387358 214

1124 594-119 -158

-1189 -12571149 672

2010 2011 2012 2013

253 256 261 80215 39


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55 52 47 2814516 18280 11033 1182914839 18627 11341 12659

2010 2011 2012 2013

3 3 3 3

71 71 66 66

2 2

1 1

2 2

-68 -65 -65 -703 6 6 1

6 9 9 4

2010 2011 2012 2013


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2010 2011 2012 20139 6 5 5

3298 5150 4607 44794 25 110

3271 549 2640 7206582 5730 7362 5204

17 20 23 281 1 1 1

7 108668 14928

18 21 8699 14967

6600 5751 16061 20171

2010 2011 2012 20130 0 2070 1966

13,394 15992 19433 2170712018 17001 25905 32386-419 -494 -537 -5826600 5751 16061 20171584 525 6629 9256

429 100632177 38775 69990 85910

15888 1898616,746 20188 17492 212042216 2213 4968 6741

7566 965718962 22401 45914 5658813215 16374 24076 29322

2010 2011 2012 2013

2096025 8,742 701 848680 1,224 1340 1742


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6705 9,966 2041 2799

0 495 3501286 1227 333 5141286 1227 828 8645419 8739 1213 1935

2010 2011 2012 20132152 3710 3592 3652

4799 6410 7545 100357369 9102 10429 13164973 1223 1241 1524

1231 1721 1754 1947636 827 945 903223 273 226 200

17383 23266 25732 31425

2010 2011 2012 20132760 4440 2889 2279

81 66 33 2431 24 81

5142872 4530 2922 2898

2010 2011 2012 2013

13215 16374 24076 293225189.62 4261.26 14098.1 17814.128025.38 12112.74 9977.9 11507.88

2010 2011 2012 2013844 846 848 849

36,925 39,472 49,042 62,84237,769 40,318 49,890 63,691

2010 2011 2012 20136600 5751 16061 20171

1410.38 1489.74 1962.9 2356.885189.62 4261.26 14098.1 17814.12

2010 2011 2012 2013682 999 191 1070


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2012 no of shares 2013

846 169,560,346 848

2 276219 1

848 849


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OPERATING BALANCE SHEET

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