|
Content :
Audited financial results for the year ended December 31, 2012
SANOFI INDIA LIMITED
Registered Office : 54/A, Sir Mathuradas Vasanji Road,
Andheri East, Mumbai 400 093
(Rs. Million) | Particulars | Quarter
ended 31.12.2012
(Unaudited) | Quarter
ended 30.09.2012
(Unaudited) | Quarter
ended 31.12.2011
(Unaudited) | Year
ended 31.12.2012
(Audited) | Year
ended 31.12.2011
(Audited) |
|---|
| 1 Income from Operations | | | | | |
|---|
| (a) Net Sales (net of excise duty) | 4,007 | 3,966 | 3,379 | 14,939 | 12,297 |
|---|
| (b) Other Operating Income | 221 | 191 | 178 | 792 | 716 |
|---|
| Total income from Operations (net) | 4,228 | 4,157 | 3,557 | 15,731 | 13,013 |
|---|
| 2 Expenditure | | | | | |
|---|
| (a) Cost of Materials Consumed | 1,525 | 1,316 | 1,293 | 5,591 | 4,916 |
|---|
| (b) Purchase of stock in trade | 415 | 439 | 494 | 1,853 | 1,353 |
|---|
| (c) Changes in inventories of finished goods, work in progress and stock in trade | 77 | 176 | (76) | (89) | (101) |
|---|
| (d) Employee benefits expense | 609 | 489 | 503 | 2,136 | 1,764 |
|---|
| (e) Depreciation and amortisation expense | 223 | 307 | 142 | 899 | 311 |
|---|
| (f) Other expenses | 874 | 741 | 770 | 3,122 | 2,604 |
|---|
| (g) Total Expenses | 3,723 | 3,468 | 3,126 | 13,512 | 10,847 |
|---|
| 3 Profit from Operations before other income and finance costs (1-2) | 505 | 689 | 431 | 2,219 | 2,166 |
|---|
| 4 Other Income | 161 | 75 | 109 | 412 | 678 |
|---|
| 5 Profit before finance costs (3+4) | 666 | 764 | 540 | 2,631 | 2,844 |
|---|
| 6 Finance costs | 3 | 3 | 4 | 14 | 4 |
|---|
| 7 Profit before tax and Exceptional items (5-6) | 663 | 761 | 536 | 2,617 | 2,840 |
|---|
| 8 Tax expense | 215 | 248 | 175 | 850 | 928 |
|---|
| 9 Net Profit for the period before Exceptional items (7-8) | 448 | 513 | 361 | 1,767 | 1,912 |
|---|
| 10 Exceptional item (net of tax) | - | - | - | - | - |
|---|
| 11 Net Profit for the period after Exceptional items (9+10) | 448 | 513 | 361 | 1,767 | 1,912 |
|---|
| 12 Paid-up equity share capital (Face Value of Rs. 10 per share) | 230 | 230 | 230 | 230 | 230 |
|---|
| 13 Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year | | | | 11,665 | 10,781 |
|---|
| 14 Earnings Per Share (EPS) before Exceptional items (Rs.) (Basic and diluted EPS for the period, for the year to date and for the previous year) | 19.49 | 22.30 | 15.70 | 76.71 | 83.01 |
|---|
| 15 Earnings Per Share (EPS) after Exceptional items (Rs.) (Basic and diluted EPS for the period, for the year to date and for the previous year) | 19.49 | 22.30 | 15.70 | 76.71 | 83.01 |
|---|
Part II
| Particulars | Quarter ended 31.12.2012
(Unaudited) | Quarter ended 30.09.2012
(Unaudited) | Quarter ended 31.12.2011
(Unaudited) | Year ended 31.12.2012
(Audited) | Year ended 31.12.2011
(Audited) |
|---|
A. PARTICULARS OF SHAREHOLDING | | | | | |
|---|
| 1 Public Shareholding | | | | | |
|---|
| - Number of Shares | 9,121,035 | 9,121,035 | 9,121,035 | 9,121,035 | 9,121,035 |
|---|
| - Percentage of Shareholding | 39.60% | 39.60% | 39.60% | 39.60% | 39.60% |
|---|
| 2 Promoters and Promoter group Shareholding | | | | | |
|---|
| a) Pledged/Encumbered | | | | | |
|---|
| - Number of shares | NIL | NIL | NIL | NIL | NIL |
|---|
| - Percentage of shares (as a % of total shareholding of promoter and promoter group) | NIL | NIL | NIL | NIL | NIL |
|---|
| - Percentage of shares (as a % of total share capital of the company) | NIL | NIL | NIL | NIL | NIL |
|---|
| b) Non-encumbered | | | | | |
|---|
| - Number of shares | 13,909,587 | 13,909,587 | 13,909,587 | 13,909,587 | 13,909,587 |
|---|
| - Percentage of shares (as a % of total shareholding of promoter and promoter group) | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
|---|
| - Percentage of shares (as a % of total share capital of the company) | 60.40% | 60.40% | 60.40% | 60.40% | 60.40% |
|---|
| Particulars | 3 Months ended December 31,2012 |
|---|
B. INVESTOR COMPLAINTS | |
|---|
| Pending at the beginning of the quarter | NIL |
|---|
| Received during the quarter | 29 |
|---|
| Disposed of during the quarter | 29 |
|---|
| Remaining unresolved at the end of the quarter | NIL |
|---|
The Statement of Assets and Liabilities as required under clause 41(V)(h) of the Listing Agreement is as under:
| Particulars | As at
December
31, 2012
Audited | As at
December
31, 2011
Audited |
|---|
| EQUITY AND LIABILITIES : | | |
|---|
| Shareholders' funds : | | |
|---|
| (a) Share capital | 230 | 230 |
|---|
| (b) Reserves & Surplus * | 11,811 | 10,936 |
|---|
| Sub-total - Shareholder's Funds | 12,041 | 11,166 |
|---|
| Non-current liabilities | | |
|---|
| (a) Other long term liabilities | - | 10 |
|---|
| (b) Long term provisions | 193 | 196 |
|---|
| (c) Deferred Tax Liabilities (Net) | 213 | 84 |
|---|
| Sub-total - Non-current liabilities | 406 | 290 |
|---|
| Current liabilities | | |
|---|
| (a) Trade Payables | 1,542 | 1,476 |
|---|
| (b) Other current liabilities | 850 | 709 |
|---|
| (c) Short-term provisions | 1,475 | 1,384 |
|---|
| Sub-total - Current liabilities | 3,867 | 3,569 |
|---|
| TOTAL EQUITY & LIABILITIES | 16,314 | 15,025 |
|---|
| ASSETS | | |
|---|
| Non-current assets | | |
|---|
| (a) Fixed Assets (Including Capital Work in Progress) | 7,428 | 7,598 |
|---|
| (b) Non current investments | 4 | 4 |
|---|
| (c) Long term loans and advances | 582 | 750 |
|---|
| (d) Other non-current assets | 26 | 6 |
|---|
| Sub-total - Non-current assets | 8,040 | 8,358 |
|---|
| Current assets | | |
|---|
| (a) Inventories | 2,725 | 2,543 |
|---|
| (b) Trade receivables | 986 | 1,040 |
|---|
| (c) Cash & Bank Balances | 4,289 | 2,342 |
|---|
| (d) Short term loans & advances | 233 | 677 |
|---|
| (e) Other current assets | 41 | 65 |
|---|
| Sub-total - Current assets | 8,274 | 6,667 |
|---|
| TOTAL ASSETS | 16,314 | 15,025 |
|---|
* After considering Dividend
Notes: - The Accounts for the year ended December 31, 2012 were approved by the Board of Directors of the Company at its Meeting held on February 25, 2013.
- The Board of Directors has recommended Final dividend of Rs.29 per Equity share of Rs.10 for the year ended December 31, 2012. An Interim dividend of Rs.4 per Equity share of Rs.10 had been paid in August 2012. The Interim and proposed Final Dividend will together amount to a distribution of Rs.760 million (excluding Dividend Distribution Tax) constituting 43% of the Company's Net Profit excluding Exceptional Items for the year ended December 31,2012.
- During the quarter ended September 30, 2012, the Company changed its accounting policy with respect to amortisation of Goodwill. It was decided to amortise Goodwill on acquisition of business over a period of 10 years starting from the date of acquisition. In the past, Goodwill was not amortised but tested for impairment. As a result of this change, profit after tax for the quarter and year ended December 31, 2012 is lower by Rs.21 million and Rs 99 million respectively.
- The profit for the year ended December 31, 2012 has been impacted due to the amortization costs relating to the Brands, Technical know-how and Goodwill acquired in 2011 from Universal Medicare Private Limited and lower interest income as a result of the above investment.
- The Company has a single business segment namely "Pharmaceutical Business".
- The figures for the previous periods have been re-grouped, wherever necessary.
- The figures for the quarter ended December 31, 2012 are the balancing figures between audited figures in respect of the full financial year up to December 31, 2012 and the unaudited published year-to-date figures up to September 30, 2012, which was subject to limited review, being the date of the end of the third quarter of the said financial year.
SANOFI INDIA LIMITED
DR. SHAILESH AYYANGAR
MANAGING DIRECTOR
Updated February 25, 2013
|
