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Schedules annexed to and forming part of the Financial Statements (All amounts in millions of Indian Rupees, unless otherwise stated) 16. Extracts of Assets and Liabilities as on 31 March 2011 and Income and Expenses for the year ended 31 March 2011 related to the interest of the Company (without elimination of the effect of transactions between the Company and Glenmark Pharmaceuticals (Thailand) Co. Ltd., Thailand) have been extracted from the audited accounts: Particulars 2010-2011 2009-2010 Assets Net fixed assets including capital work-in-progress - - Deferred Tax Asset 0.38 0.24 Cash Bank Balances 0.14 1.03 Loans and Advances - 0.06 Liabilities Current Liabilities 0.02 0.14 Income Net Sales - - Expenses Selling and Operating Expenses 0.86 1.27 Depreciation - - Provision for Taxation including Deferred tax (0.13) (0.19) 17. VALUE OF IMPORTS ON CIF BASIS Capital Goods 166.85 77.92 Materials 158.84 150.44 325.69 228.36 18. EARNINGS IN FOREIGN CURRENCY Export of goods calculated on FOB basis 3,020.01 2,649.15 Guarantee Commission 11.21 26.06 Interest on loan to subsidiaries 308.04 278.25 3,339.26 2,953.46 19. EXPENDITURE IN FOREIGN CURRENCY Travelling expenses 42.60 45.56 Professional and Consultancy charges 7.00 36.94 Export promotional expenses and export commission 176.10 132.00 Salary and related expenses 95.81 99.65 Product registration expenses 38.03 47.58 Interest expenses 264.09 12.88 QIB issue expenses 10.64 65.83 FCCB premium on redemption 600.03 94.76 Others 324.56 222.22 1,558.86 757.42 20. DIVIDEND REMITTANCE IN FOREIGN CURRENCY Number of non-resident shareholders 16 22 Number of Equity Shares held by them 217,610 163,240 Amount of dividend paid (gross), TDS ` Nil (2010 - ` Nil) 0.09 0.07 Year to which dividend relates 2009-2010 2008-2009 21. PRIOR YEAR COMPARATIVES The financial statements of the Company for the immediately preceding year were audited and reported by another firm of Chartered Accountants. Prior year’s figures have been regrouped or reclassified wherever necessary to confirm to current year’s classification. 76 GLENMARK PHARMACEUTICALS LIMITED
Additional information as required under Part IV of Schedule VI to the Companies Act, 1956. Balance Sheet Abstract & Company’s General Business Profile (a) (b) (c) (d) (e) (` in Thousands) Registration Details Registration No. 1 9 9 8 2 State Code 1 1 Date Month Year Balance Sheet Date 3 1 0 3 2 0 1 1 Capital raised during the year Public Issue Rights Issue N I L N I L Bonus Issue Qualified Institutions Placement Issue N I L N I L Preferential offer of shares under Employee stock option scheme Conversion of FCC Bond 4 3 4 . 5 0 N I L Position of mobilisation and deployment of funds Total Liabilities including Shareholders’ Funds Total Assets 3 3 8 4 3 3 4 6 3 3 8 4 3 3 4 6 SOURCES OF FUNDS Paid-up Capital Reserves and Surplus 2 7 0 2 7 2 1 9 5 2 7 1 3 8 Secured Loans Unsecured Loans 1 6 0 1 3 2 0 9 8 6 1 1 4 2 Deferred Tax Liability 3 3 0 5 7 0 APPLICATION OF FUNDS Net Fixed Assets Investments 2 6 3 7 2 2 0 1 0 4 1 2 4 7 0 Net Current Assets Deferred Tax Assets 1 8 4 3 9 4 8 4 1 0 1 2 6 8 Accumulated Losses Miscellaneous Expenditure N I L N I L Performance of the Company Turnover (Total Income) Total Expenditure 1 1 8 5 0 2 3 8 9 3 4 2 1 3 6 Profit/(Loss) Before Tax Profit/(Loss) After Tax 2 5 0 8 1 0 2 2 1 2 1 7 8 8 Basic Earnings per Share in ` Diluted Earnings per Share in ` 7 . 8 6 7 . 8 5 Dividend Rate % 4 0 Generic Names of Three Principal Products of Company Item Code No. (ITC code) Product Description 3 0 0 4 8 0 . 0 0 Terbutaline Sulphate + Bromehexine Hydrochloride + Guaiphenesin 3 0 0 4 9 0 . 9 9 Clotrimazole 3 0 0 4 9 0 . 7 9 Telmisartan Annual Report 2010-2011 77
- Page 35 and 36: Profiles of Directors Mr. Gracias S
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Schedules annexed to and forming part of the Financial Statements<br />
(All amounts in millions of Indian Rupees, unless otherwise stated)<br />
16. Extracts of Assets and Liabilities as on 31 March 2011 and Income and Expenses for the year ended 31 March 2011<br />
related to the interest of the Company (without elimination of the effect of transactions between the Company and<br />
<strong>Glenmark</strong> Pharmaceuticals (Thailand) Co. Ltd., Thailand) have been extracted from the audited accounts:<br />
Particulars 2010-2011 2009-2010<br />
Assets<br />
Net fixed assets including capital work-in-progress - -<br />
Deferred Tax Asset 0.38 0.24<br />
Cash Bank Balances 0.14 1.03<br />
Loans and Advances - 0.06<br />
Liabilities<br />
Current Liabilities 0.02 0.14<br />
Income<br />
Net Sales - -<br />
Expenses<br />
Selling and Operating Expenses 0.86 1.27<br />
Depreciation - -<br />
Provision for Taxation including Deferred tax (0.13) (0.19)<br />
17. VALUE OF IMPORTS ON CIF BASIS<br />
Capital Goods 166.85 77.92<br />
Materials 158.84 150.44<br />
325.69 228.36<br />
18. EARNINGS IN FOREIGN CURRENCY<br />
Export of goods calculated on FOB basis 3,020.01 2,649.15<br />
Guarantee Commission 11.21 26.06<br />
Interest on loan to subsidiaries 308.04 278.25<br />
3,339.26 2,953.46<br />
19. EXPENDITURE IN FOREIGN CURRENCY<br />
Travelling expenses 42.60 45.56<br />
Professional and Consultancy charges 7.00 36.94<br />
Export promotional expenses and export commission 176.10 132.00<br />
Salary and related expenses 95.81 99.65<br />
Product registration expenses 38.03 47.58<br />
Interest expenses 264.09 12.88<br />
QIB issue expenses 10.64 65.83<br />
FCCB premium on redemption 600.03 94.76<br />
Others 324.56 222.22<br />
1,558.86 757.42<br />
20. DIVIDEND REMITTANCE IN FOREIGN CURRENCY<br />
Number of non-resident shareholders 16 22<br />
Number of Equity Shares held by them 217,610 163,240<br />
Amount of dividend paid (gross), TDS ` Nil (2010 - ` Nil) 0.09 0.07<br />
Year to which dividend relates 2009-2010 2008-2009<br />
21. PRIOR YEAR COMPARATIVES<br />
The financial statements of the Company for the immediately preceding year were audited and reported by another<br />
firm of Chartered Accountants.<br />
Prior year’s figures have been regrouped or reclassified wherever necessary to confirm to current year’s classification.<br />
76<br />
GLENMARK PHARMACEUTICALS LIMITED
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