Glenmark

SUMMARY FINANCIAL INFORMATION
The selected audited Income Statement and Balance Sheet data for the years ended March 31, 2007, March
31, 2008 and March 31, 2009 set forth below have been derived from the Company’s audited consolidated
financial statements and schedules thereto for the years ended March 31, 2007, March 31, 2008 and March
31, 2009, which have been prepared in accordance with Indian GAAP as applicable at the time of their
initial preparation and have been audited by Price Waterhouse, Chartered Accountants, the Company’s
independent statutory auditor.
Consolidated Balance Sheet as at March 31, 2007, March 31, 2008 and March 31, 2009
I. SOURCES OF FUNDS
As at
March 31,
2007
As at
March 31,
2008
As at
March 31,
2009
Rs. In ('000s) Rs. In ('000s) Rs. In ('000s)
1. SHAREHOLDERS' FUNDS
a) Capital 240,116 248,726 250,520
b) Reserves and Surplus 6,623,534 14,930,003 15,731,044
6,863,650 15,178,729 15,981,564
2. MINORITY INTEREST - 14,796 31,552
3. LOAN FUNDS
a) Secured Loans 1,749,306 1,961,282 3,826,548
b) Unsecured Loans 7,617,757 7,948,104 17,116,917
9,367,063 9,909,386 20,943,465
4. Deferred Tax Liability 812,690 1,145,547 1,054,748
Less: Deferred Tax Asset 92,698 200,025 485,489
719,992 945,522 569,259
16,950,705 26,048,433 37,525,840
II.
APPLICATION OF FUNDS
1. FIXED ASSETS
a) Gross Block 7,095,490 11,241,021 18,385,786
b) Less : Depreciation 1,165,094 2,055,881 2,723,341
c) Net Block 5,930,396 9,185,140 15,662,445
d) Capital Work-in-progress 2,173,888 3,372,287 5,454,080
8,104,284 12,557,427 21,116,525
2. INVESTMENTS 187,237 188,171 181,229
3. CURRENT ASSETS, LOANS AND ADVANCES
a) Inventories 2,697,092 4,007,391 6,302,253
b) Sundry Debtors 5,711,645 8,068,517 9,553,428
c) Cash and Bank Balances 1,057,549 1,565,069 714,823
d) Loans and Advances 1,588,046 2,869,032 4,220,877
11,054,332 16,510,009 20,791,381
Less : CURRENT LIABILITIES AND
PROVISIONS
a) Current Liabilities 2,328,566 3,029,590 4,398,904
b) Provisions 66,582 177,584 164,391
2,395,148 3,207,174 4,563,295
NET CURRENT ASSETS 8,659,184 13,302,835 16,228,086
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