DRIVIN G ROWTH - Dr. Reddy's

schedules forming part of the balance sheet and profit & loss account
Fixed assets
The Company has entered into a lease-cum-sale agreement with Karantaka Industrial Areas Development Board. In accordance with
the terms of these agreements the Company has option to purchase properties outright at the expiry of the lease period. The
Company has already paid 99% of the value of the property at the time of entering into the lease-cum-sale agreement. This amount
is disclosed as land leasehold under fixed assets in the financial statements.
Retirement benefits to employees
Gratuity, superannuation & provident fund
During the year the Company does not have any employee in its rolls. The total manpower cost shown in the profit and loss account
represents the costs incurred by Dr. Reddy’s Laboratories on behalf of the Company, consequently all the retirement benefits are
provided in the parent Company’s financial statements.
First year of operations
As this is the first year of operations, previous year’s figures are not required.
Payments made to Auditors includes
Statutory audit fees Rs. 21,000
Company law services Rs. 40,000
Other services Rs. 137,000
As per our report of even date G V PRASAD Director
for AAGJ & CO.
Chartered Accountants
SWAMINATHAN SUBRAMANIAM Director
M GURUPRASAD
Partner
Bangalore Hyderabad
April 19, 2002 April 17, 2002
AURIGENE DISCOVERY TECHNOLOGIES LTD. | FINANCIALS | ANNUAL REPORT 2001-2002
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