DRIVIN G ROWTH - Dr. Reddy's

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236 cash flow statement | FOR THE YEAR ENDED DECEMBER 31 (S$) Note 2001 2000 (Loss) / profit before taxation Adjustment for: (97,962) 112,953 Depreciation of fixed assets 3,751 5,382 Amortisation of pre-incorporation expenses 1,227 306 Interest on bank balances (1,450) (2,116) OPERATING (LOSS)/PROFIT BEFORE WORKING CAPITAL CHANGES (94,434) 116,525 Trade and other receivable 516,114 (1,984,800) Trade and other payable (581,367) 1,738,253 Net cash outflow from operating activities (159,687) (130,022) Return on investment & servicing of finance Interest on bank balance Cash outflow from investing activities 1,450 2,116 Purchase of fixed assets (5,735) (2,205) Net cash outflow before financing activities (163,972) (130,111) Cash inflow / (outflow) from financing activities Borrowing from holding company 12,020 6,500 Borrowing from a related party 106,525 134,884 (45,427) 11,273 Cash & cash equivalents at the beginning of year 171,380 160,107 Cash & cash equivalents at end of year (12) 125,953 171,380 The annexed notes form an integral part of these accounts. REDDY PHARMACEUTICALS SINGAPORE PTE LTD. | FINANCIALS | ANNUAL REPORT 2001
notes to the financial statements – DECEMBER 31, 2001 These notes form an integral part of and should be read in conjunction with the accompanying financial statements. 1. GENERAL The Company is incorporated in the Republic of Singapore with its principal place of business at: 400 Orchard Road #11-11 Orchard Towers Singapore 238875 However, the registered office of the Company is at: 17 Phillip Street #05-01 Grand Building Singapore 048695 The financial statements are expressed in Singapore dollars. The principal activities of the Company which is incorporated in Singapore are to act as importers, exporters, wholesalers, retailers, manufacturers, manufacturers’ agents and representatives, marketing agents, commission agents, distributors of medicinal and pharmaceutical products, health care, beauty care, toiletries and related items and provision of services to related corporations. The financial statements of the Company for the year ended December 31, 2001 were authorised for issue by Board of Directors at their meeting held on March 12, 2002. 2. SIGNIFICANT ACCOUNTING POLICIES 2.1 Basis of accounting The financial statements are prepared in accordance with the historical cost convention and the provisions of the Singapore Statements of Accounting Standard (“SAS”) and Singapore Companies Act. The immediate holding Company and related companies have provided financial support to the Company and the Directors are satisfied that they will continue to provide such support so as to enable the Company to meet its obligations as and when they fall due. The Company has adopted all the applicable new/revised SAS which becomes effective during the financial year. The adoption of the new/revised SAS does not affect the results of current financial year. 2.2 Revenue recognition Revenue from sale of goods is recognised upon passage of title to the customer which coincides with their delivery and acceptance. Interest income is recognised on an accrual basis. Management fee income is based on service rendered. 2.3 Fixed assets Fixed assets are stated at cost less accumulated depreciation. The cost of an asset comprises its purchase price and any directly attributable costs of bringing the asset to working condition for its intended use. Expenditure for additions, improvements and renewals are capitalised and expenditure for maintenance and repairs are charged to the Profit and Loss Statement. When assets are sold or retired, their cost and accumulated depreciation are removed from the accounts and any gain or loss resulting from their disposal is included in the Profit and Loss Statement. 2.4 Depreciation Depreciation is calculated on a straight line method to write off the cost of the assets over their estimated useful lives. The estimated useful lives of fixed assets are as follows: Years Furniture & fixtures 5 Office equipment 5 Computers 3 Fully depreciated assets are retained in the accounts until they are no longer in use and no further charge for depreciation is made in respect of these assets. REDDY PHARMACEUTICALS SINGAPORE PTE LTD. | FINANCIALS | ANNUAL REPORT 2001 237
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DRIVIN G ROWTH Dr. Reddy’s Labora
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sales of branded formulations grew
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THE ULTIMATE ACCOLADE FOR A PHARMAC
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IT TAKES COURAGE AND VISION TO LOOK
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1997 Entered: Phase I clinical tria
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1987 USFDA Inspection: Ibuprofen fa
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1999 Submitted: ANDA for Omeprazole
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1995 Established: Reddy- Biomed; ou
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ARMED WITH A HIGHLY MOTIVATED AND C
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K ILO L AB FACILITY at Technology D
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SHE PRACTICES HAVE EVOLVED FROM AN
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ADOPTING A COMPETENCY-BASED FRAMEWO
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THE HIGHEST PATRIOTISM AND PHILANTH
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AFTER AN HOUR AT ROSHNI I LEFT WITH
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and valuation THE DICTUM in any kno
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total shareholder’s return “TOT
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4,585,070 equity shares of erstwhil
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REDDY PHARMACEUTICALS HONG KONG LTD
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Pathway enables Reddy US Therapeuti
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AUDITORS THE AUDIT in the financial
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2.Benefits derived as a result of t
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Table B | Technology, absorption, a
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articulation of its corporate visio
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THE LAUNCH OF FLUOXETINE HAS BEEN T
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MUCH OF THE CASH FLOW ARISING OUT O
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WITH THE ANTICIPATED GROWTH IN THE
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CHART B NCE Pipeline Diabetes DRF N
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AURIGENE WILL BUILD SKILLS IN AUTOM
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The highlights of the scheme were:
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INVESTMENTS INVESTMENTS reduced to
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Rs. 108 million (US$ 2.25 million)
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THE STRENGTH OF INDIA’S SCIENTIFI
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internal accounting, administrative
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e disproportionately distributed in
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COMPOSITION AND MEETINGS OF THE BOA
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Table 2 | Remuneration of the direc
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(iii) Ms. G Anuradha (daughter of D
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increase speed of reporting and cre
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the Committee. The Investment Commi
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MANAGEMENT DISCUSSION AND ANALYSIS
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non-executive, independent Addition
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press releases and conducts program
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We state that no investor grievance
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Media Bhaswati Banerjee / R. Rammoh
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CODES AT VARIOUS STOCK EXCHANGES Th
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EQUITY HISTORY OF THE COMPANY Table
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SHAREHOLDING PATTERN AS ON MARCH 31
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dematerialised form may contact the
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UNCLAIMED DIVIDENDS Pursuant to sec
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generics Survey No. 41 Bachupally Q
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financials 103
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annexure to the auditors’ report
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alance sheet | AS AT MARCH 31 (All
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schedules to the balance sheet | (A
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schedules to the profit and loss ac
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schedule to the balance sheet and p
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cash flow statement | YEAR ENDED MA
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auditors’ certificate To The Boar
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consolidated financials
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consolidated balance sheet | (All a
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schedules to the consolidated balan
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schedules to the consolidated profi
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schedule to the consolidated balanc
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cash flow statement | (contd...) YE
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statement under section 212
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The net Aggregate of profits (losse
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drl investments ltd.
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auditors’ report A RAMACHANDRA RA
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alance sheet | AS Schedule 2002 200
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schedules | AS AT MARCH 31 (Rs) 200
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schedules Schedule - 3.00 NOTES TO
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compact electric ltd.
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alance sheet | AS Schedule 2002 200
Page 183 and 184: schedules | AS AT MARCH 31 (Rs) 200
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Page 187 and 188: schedules | FOR THE YEAR ENDED MARC
Page 189 and 190: schedules 7. The information requir
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Page 193 and 194: eddy pharmaceuticals hong kong ltd.
Page 195 and 196: eport of the auditors ERNST & YOUNG
Page 197 and 198: profit and loss account | YEAR ENDE
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Page 203 and 204: eddy biomed ltd.
Page 205 and 206: eport of sinay joint-stock company
Page 207 and 208: alance sheet | AS AT DECEMBER 31 (R
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Page 213 and 214: notes to the financial statements G
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Page 219 and 220: alance sheet | AS AT MARCH 31 (US $
Page 221 and 222: statement of cash flows | FOR THE Y
Page 223 and 224: notes to the financial statements n
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Page 229 and 230: 9. DIVIDENDS No dividend has been p
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Page 237 and 238: notes to the financial statements -
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Page 241 and 242: alance sheet | AS AT MARCH 31 (US $
Page 243 and 244: statement of cash flows | FOR THE Y
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Page 277 and 278: Acknowledgements The Directors take
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Page 281 and 282: profit and loss account | FOR EXPEN
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schedules forming part of the balan
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zenovus biotech pvt. ltd.
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kunshan rotam reddy pharmaceutical
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alance sheet | AS AT DECEMBER 31 (R
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income statement | FOR THE YEAR END
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notes to the financial statements 5
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eddy netherlands b.v.
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alance sheet | AS AT DECEMBER 31 (I
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general notes GENERAL COMMENTS The
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notice
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The remuneration payable by way of
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Item No. 9 The Company had appointe
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DRIVIN G ROWTH - Dr. Reddy's

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