Page 70 - GlaxoSmithKline Pharmaceuticals AR 2012

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Biddle Sawyer Limited
As at 31st
December,
2012
As at 31st
December,
2011
Rs. ‘000 Rs. ‘000
4 OTHER LONG TERM LIABILITIES
Security Deposit .. .. .. .. .. 63 63
Others .. .. .. .. .. .. .. .. 72 72
Total 1,35 1,35
5 LONG TERM PROVISIONS
Drugs Prices Equalisation Account (Refer note 19) 71,24 71,24
Provision for pricing of formulation .. .. .. 54,09 54,09
Total 125,33 125,33
6 TRADE PAYABLES
Micro and Small enterprises .. .. .. .. 3 –
Other Sundry Creditors .. .. .. .. 2,18,16 2,23,66
Total 2,18,19 2,23,66
There are no delays in payments to Micro and Small
enterprises as required to be disclosed under the
Micro, Small and Medium Enterprises Development
Act, 2006
The above information has been determined to the
extent such parties have been identified on the basis
of information available with the Company. This has
been relied upon by the Auditors.
7 OTHER CURRENT LIABILITIES
Statutory dues .. .. .. .. .. .. 5,85 4,42
Total 5,85 4,42
8 SHORT TERM PROVISIONS
Provision for Income Tax .. .. .. .. – 49,47
Total – 49,47
9 TANGIBLE FIXED ASSETS Rs. ‘000
GROSS BLOCK DEPRECIATION NET BLOCK
Sr.
No.
Particulars As at
01/01/2012
Additions Deductions As at
31/12/2012
As at
01/01/2012
for the
year
Deductions As at
31/12/2012
As at
31/12/2012
As at
31/12/2011
1. Land 2,08 – – 2,08 – – – – 2,08 2,08
2. Factory Building 16,98 – – 16,98 16,98 – – 16,98 – –
3. Plant & Machinery 1,10,32 – – 1,10,32 1,10,32 – – 1,10,32 – –
4. Furniture & Fixtures 13,48 – – 13,48 13,48 – – 13,48 – –
5. Cycles 5 – – 5 5 – – 5 – –
6. Computers 56,41 – – 56,41 56,41 – – 56,41 – –
Total 1,99,32 – – 1,99,32 1,97,24 – – 1,97,24 2,08 2,08
Previous Year 1,99,32 – – 1,99,32 1,97,24 – – 1,97,24 2,08
As at 31st
December,
2012
As at 31st
December,
2011
Rs. ‘000 Rs. ‘000
10 DEFERRED TAX ASSET (Net)
Deferred Tax Asset
Provision for pricing of formulation .. .. .. 18,04 17,34
Expenses allowable for tax purposes when paid .. – ­–
Total 18,04 17,34
11 LONG-TERM LOANS AND ADVANCES
Balance with Government Authorities .. .. 34,97 34,97
Advance Income Tax .. .. .. .. .. 410,72 321,64
Unsecured, considered good
Advances recoverable in cash or kind .. .. 26,68 37,68
Sundry Deposits .. .. .. .. .. 13,55 13,55
Total 485,92 407,84
12 OTHER NON-CURRENT ASSETS
Deposits with banks of maturity period more than
12 months .. .. .. .. .. .. .. 701,00 2641,00
Total 701,00 2641,00
13 INVENTORIES
Raw materials .. .. .. .. .. .. 169,50 86,50
Packing materials .. .. .. .. .. 17,50 32,99
Work-in-progress.. .. .. .. .. .. 5,19 17,34
Finished goods .. .. .. .. .. .. 78,76 192,37
Stock-in-trade .. .. .. .. .. .. 39,27 42
Total 3,10,22 329,62
14 TRADE RECEIVABLES
Less than six months, Unsecured, considered good 159,05 116,56
Total 159,05 116,56