DRIVIN G ROWTH - Dr. Reddy's
DRIVIN G ROWTH - Dr. Reddy's
DRIVIN G ROWTH - Dr. Reddy's
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
alance sheet | AS<br />
AT MARCH 31<br />
(US $)<br />
2002 2001<br />
ASSETS<br />
Current assets<br />
Cash 143,379 676,197<br />
Accounts receivable 28,992,085 10,396,098<br />
Accounts receivable, related party 850,894 877,744<br />
Inventory 5,957,490 7,410,433<br />
Other receivables – 190,518<br />
Prepaid expenses 201,749 76,898<br />
Other current assets 17,185 3,600<br />
Total current assets 36,162,782 19,631,488<br />
Fixed assets net of accumulated depreciation 408,771 488,229<br />
Deferred income taxes 3,731,444 3,628,444<br />
Deferred loan costs – 21,606<br />
Other assets 307,714 73,283<br />
Total 40,610,711 23,843,050<br />
LIABILITIES AND STOCKHOLDER’S DEFICIT<br />
Current liabilities<br />
Accounts payable, related party 35,612,809 20,744,815<br />
Accounts payable and accrued expenses 4,771,362 1,644,693<br />
Income taxes payable 487,235 –<br />
Total current liabilities 40,871,406 22,389,508<br />
Loan payable, related party 3,039,593 –<br />
Loan payable – 3,000,000<br />
Total liabilities 43,910,999 25,389,508<br />
Commitments<br />
Stockholder’s deficit:<br />
Common stock, no par value,<br />
401,000 shares authorised, and outstanding 4,010,000 4,010,000<br />
Treasury stock, 250 shares at cost (2,623,795) (24,626)<br />
Accumulated deficit (4,686,493) (5,531,832)<br />
Total stockholder’s deficit (3,300,288) (1,546,458)<br />
Total 40,610,711 23,843,050<br />
The accompanying notes are an integral part of these financial statements.<br />
DR. REDDY’S LABORATORIES, INC. | FINANCIALS | ANNUAL REPORT 2001-2002<br />
221
Change language