DRIVIN G ROWTH - Dr. Reddy's

schedule to the consolidated balance sheet and profit and loss account
The movement in the options during the year ended March 31, 2002 is set out below:
For the year ended
March 31, 2002
Options outstanding at the beginning of the year 186,000
Issued 109,500
Forfeited / Cancelled (2,000)
Converted into equity shares –
Options outstanding at the end of the year 293,500
15.EMPLOYEE SEPARATION COSTS
During the year the Company announced a Voluntary Retirement Scheme (“the Scheme”) for workmen. In accordance with the
Scheme, the Company has incurred an amount of Rs. 20,464 thousand, which has been expensed as incurred, in accordance with
the Company policy.
16.LONG-TERM DEPOSITS
Long-term deposits represent advances against the consideration payable for brands acquired and are amortised over a period of
ten years in accordance with the terms of the agreements.
17.OPENING BALANCES
This being the first year of preparation of consolidated financial statements, the opening balances as at April 1, 2001 have not
been audited.
18.COMPARATIVE FIGURES
This being the first year of the presentation of the consolidated financial statements in accordance with the Accounting Standard
21 – Consolidated financial statements, figures for the previous period have not been presented.
CONSOLIDATED FINANCIALS | FINANCIALS | ANNUAL REPORT 2001-2002
161