Page 47 - GlaxoSmithKline Pharmaceuticals AR 2012

43
Previous year
Rupees
in lakhs
Rupees
in lakhs
9 SHORT TERM PROVISIONS
For proposed equity dividend .. .. .. .. .. .. .. .. 423,51.50 381,16.35
For tax on distributed profit .. .. .. .. .. .. .. .. 68,70.47 63,30.65
For Pricing matters (Refer Note 23) .. .. .. .. .. .. .. —­ 136,82.00
For employee benefits :
Gratuity .. .. .. .. .. .. .. .. .. .. 39.65 1,92.55
Leave encashment and compensated absences .. .. .. .. .. 1,69.00 1,15.40
Post retirement medical and other benefits .. .. .. .. .. 2,33.05 2,12.06
For long-term incentive plan .. .. .. .. .. .. .. .. 2,01.37 1,94.12
For rationalisation relating to a manufacturing site .. .. .. .. .. 12,74.50 —
For other short-term provisions (including statutory levies) .. .. .. .. 1,03.30 2,84.39
TOTAL .. 512,42.84 591,27.52
Notes to the Financial Statements for the year ended 31st December, 2012 — continued
11 FIXED ASSETS
Rupees in lakhs
Gross block (at cost) Depreciation Net block
As at 31st
December
2011 Additions
Deductions
(b)
As at 31st
December
2012
As at 31st
December
2011
For the
Year
On
Deductions
As at 31st
December
2012
As at 31st
December
2012
As at 31st
December
2011
TANGIBLE ASSETS
Freehold land 20.81 — 16.30 4.51 — — — — 4.51 20.81
Leasehold land 44.27 — — 44.27 — — — — 44.27 44.27
Freehold buildings (a) 28,06.99 — 13,01.79 15,05.20 14,37.38 36.42 6,71.13 8,02.67 7,02.53 13,69.61
Leasehold buildings 36,31.15 35.72 — 36,66.87 17,69.89 1,12.14 — 18,82.03 17,84.84 18,61.26
Plant and equipment 165,15.42 11,18.37 4.37 176,29.42 108,04.79 12,87.00 4.08 120,87.71 55,41.71 57,10.63
Furniture and fixtures 27,87.10 77.40 2.00 28,62.50 22,34.99 1,63.19 1.67 23,96.51 4,65.99 5,52.11
Vehicles 8,13.69 2,02.83 1,06.56 9,09.96 5,93.04 1,55.38 93.85 6,54.57 2,55.39 2,20.65
Office Equipment 5,46.63 39.07 4.80 5,80.90 4,12.76 29.80 2.63 4,39.93 1,40.97 1,33.87
TOTAL 271,66.06 14,73.39 14,35.82 272,03.63 172,52.85 17,83.93 7,73.36 182,63.42 89,40.21
Previous year 318,39.96 24,67.59 71,41.49 271,66.06 209,46.65 20,40.78 57,34.58 172,52.85 99,13.21
Note:
(a) Freehold buildings include investments representing ownership of residential flats (Refer Note 27).
(b) Deductions include Tangible Assets held for sale shown under ‘Other Non Current Assets’ (Refer note 15) : gross block Rs. 13,19.62 lakhs,
accumulated depreciation Rs. 6,72.37 lakhs and net block Rs. 6,47.25 lakhs (Previous year – gross block Rs. 25,67.49 lakhs, accumulated depreciation
Rs. 20,30.36 lakhs and net block Rs. 5,37.13 lakhs).
10 MOVEMENT IN PROVISIONS
Rationalisation
relating to a
manufacturing
site
Pricing
matters
Long-term
Incentive
Plan
Divestment /
Restructuring Others
2012
Opening Balance .. .. .. .. — 265,16.05 4,70.51 17,23.85 11,41.94
Provision during the year .. .. .. 12,74.50 — 3,90.42 — 74.68
Amounts utilised / reversed during the year .. — 136,82.00 2,31.38 64.88 2,79.73
Balance at the year end .. .. .. 12,74.50 128,34.05 6,29.55 16,58.97 9,36.89
2011
Opening Balance .. .. .. .. — 29,51.23 3,06.43 17,41.51 11,36.91
Provision during the year .. .. .. — 300,54.82 3,33.16 — 1,44.93
Amounts utilised/reversed during the year .. — 64,90.00 1,69.08 17.66 1,39.90
Balance at the year end .. .. .. — 265,16.05 4,70.51 17,23.85 11,41.94