DRIVIN G ROWTH - Dr. Reddy's

310
further specifications
1. INVESTMENTS
REDDY NETHERLANDS B.V. | FINANCIALS | ANNUAL REPORT 2001-2002
(Currency) (Amount) (NLG equivalent)
Pantheco APS DKK 1,243,732 368,891
Total 368,891
2. PRE-PAYMENTS AND ACCRUED INCOME
Salary overpaid USD 25,000 62,546
Total 62,546
3. CURRENT ASSETS
VAT receivable EUR 174 384
VAT receivable NLG 16,440
Salary overpaid USD 25,000 62,546
Total 79,370
4. PAYABLE PARENT COMPANY
Starting balance January 1, 2001 NLG 2,566
Advance from Shareholder USD 131,500 368,175
Hedging of exchange differences NLG (29,770)
Total 340,971
5. ACCRUAL AND DEFERRALS
Management fees EUR 1,652 3,641
Tax advisory fees NLG 22,106
Disbursements EUR 192 423
Total 26,170
6. WAGE TAX / SOCIAL SECURITY
Estimated balance upto and including 2000 NLG 123,755
Total 123,755
7. CORPORATE INCOME TAX
Starting balance (171,384)
(-) Paid towards previous years (171,345)
Total (39)
(+) Corporate tax this year –
(-) Advance payments 93,500
(+) / Adjustments previous years 39
Balance year-end (93,500)