Rs.

(in crores)

Profit & Loss account

Mar '11

Mar '10

Mar '09

Dec '07

12 mths

12 mths

15 mths

12 mths

20,598.89

18,462.34

21,927.23

14,937.88

908.98

693.22

1,422.95

1,057.32

Income
Sales Turnover
Excise Duty
Net Sales

19,689.91

17,769.12

20,504.28

13,880.56

Other Income

439.48

199.73

276.54

428.37

Stock Adjustments

295.08

19.47

434.33

162.06

Total Income

20,424.47

17,988.32

21,215.15

14,470.99

Expenditure
Raw Materials

10,494.33

9,003.97

11,380.05

7,542.78

Power & Fuel Cost

274.74

244.34

301.37

198.89

Employee Cost

961.27

936.3

1,152.12

767.81

Other Manufacturing Expenses

Selling and Admin Expenses
Miscellaneous Expenses
Preoperative Exp Capitalised

551.25

412.19

297.34

204.1

4,366.30

3,737.52

3,857.48

2,561.12

672.61

656.57

985.31

691.49

17,320.50

14,990.89

17,973.67

11,966.19

Mar '11

Mar '10

Mar '09

Dec '07

12 mths

12 mths

15 mths

12 mths

Operating Profit

2,664.49

2,797.70

2,964.94

2,076.43

PBDIT

3,103.97

2,997.43

3,241.48

2,504.80

0.24

6.98

25.32

25.5

3,103.73

2,990.45

3,216.16

2,479.30

220.83

184.03

195.3

138.36

Total Expenses

Interest
PBDT
Depreciation
Other Written Off

Profit Before Tax

2,882.90

2,806.42

3,020.86

2,340.94

-3.06

43.97

48.53

1.67

2,879.84

2,850.39

3,069.39

2,342.61

573.87

648.36

572.94

417.14

Reported Net Profit

2,305.97

2,202.03

2,500.71

1,769.06

Total Value Addition

6,826.17

5,986.92

6,593.62

4,423.41

Preference Dividend

1,410.60

1,417.94

1,634.51

1,976.12

231.36

238.03

277.79

355.5

21,594.72

21,816.87

21,798.76

21,774.63

10.68

10.09

11.47

8.12

650

650

750

900

12.19

11.84

9.45

6.61

Extra-ordinary items
PBT (Post Extra-ord Items)
Tax

Equity Dividend
Corporate Dividend Tax
Per share data (annualised)
Shares in issue (lakhs)
Earning Per Share (Rs)
Equity Dividend (%)
Book Value (Rs)

Dec '06
12 mths

13,189.70
945.68
12,244.02
512.6
129.97
12,886.59
6,687.30
180.79
642.81
187.37
2,328.51
541.52
0
10,568.30
Dec '06
12 mths
1,805.69
2,318.29
10.73
2,307.56
130.16
0
2,177.40
-0.21
2,177.19
321.8
1,855.37
3,881.00
0
1,325.48
185.9

22,067.76
8.41
600
12.34

Hindustan Unilever
Balance Sheet

------------------- in Rs. Cr. ------------------Mar '11

Mar '10

Mar '09

Dec '07

Dec '06

12 mths

12 mths

15 mths

12 mths

12 mths

Sources Of Funds
Total Share Capital

215.95

218.17

217.99

217.75

220.68

Equity Share Capital

215.95

218.17

217.99

217.75

220.68

Share Application Money

Preference Share Capital

2,417.30

2,364.68

1,842.85

1,220.82

2,502.14

0.67

0.67

0.67

0.67

0.67

2,633.92

2,583.52

2,061.51

1,439.24

2,723.49

Secured Loans

144.65

25.52

37.13

Unsecured Loans

277.3

63.01

35.47

0
2,633.92

0
2,583.52

421.95
2,483.46

88.53
1,527.77

72.6
2,796.09

Mar '11

Mar '10

Mar '09

Dec '07

Dec '06

12 mths

12 mths

15 mths

12 mths

12 mths

Application Of Funds
Gross Block

3,759.62

3,581.96

2,881.73

2,669.08

2,462.69

Less: Accum. Depreciation

1,590.46

1,419.85

1,274.95

1,146.57

1,061.94

Net Block

2,169.16

2,162.11

1,606.78

1,522.51

1,400.75

299.08

273.96

472.07

185.64

110.26

Investments

1,260.68

1,264.08

332.62

1,440.81

2,522.22

Inventories

2,811.26

2,179.93

2,528.86

1,953.60

1,547.71

943.2

678.44

536.89

443.37

440.37

Reserves
Revaluation Reserves
Networth

Total Debt
Total Liabilities

Capital Work in Progress

Sundry Debtors
Cash and Bank Balance

281.91

231.37

190.59

200.11

170.8

Total Current Assets

4,036.37

3,089.74

3,256.34

2,597.08

2,158.88

Loans and Advances

1,099.72

1,068.31

1,196.95

1,083.28

1,150.06

Fixed Deposits

1,358.10

1,660.84

1,586.76

0.75

246.15

Total CA, Loans & Advances

6,494.19

5,818.89

6,040.05

3,681.11

3,555.09

Current Liabilities

6,264.21

5,493.97

4,440.08

4,028.41

3,362.52

Provisions

1,324.98

1,441.55

1,527.98

1,273.90

1,429.71

Total CL & Provisions

7,589.19

6,935.52

5,968.06

5,302.31

4,792.23

Net Current Assets

-1,095.00

-1,116.63

71.99

-1,621.20

-1,237.14

2,633.92

2,583.52

2,483.46

1,527.76

2,796.09

663
12.19

468.49
11.84

417.26
9.45

494.46
6.61

476.4
12.34

Deffered Credit

Miscellaneous Expenses
Total Assets
Contingent Liabilities
Book Value (Rs)

Cash Flow

Net Profit Before Tax

Net Cash From Operating
Activities
Net Cash (used in)/from
Investing Activities
Net Cash (used in)/from
Financing Activities
Net (decrease)/increase In
Cash and Cash Equivalents
Opening Cash & Cash
Equivalents
Closing Cash & Cash
Equivalents

------------------- in Rs. Cr. ------------------Mar '11

Mar '10

Mar '09

Dec '07

Dec '06

12 mths

12 mths

15 mths

12 mths

12 mths

2730.18

2707.07

3025.12

2184.53

1861.68

1890.57

3432.37

2028.65

1680.11

1594.82

134.99

-1137.46

878.19

1023.76

-197.95

-2277.75

-2180.32

-1330.36

-2921.34

-1344.73

-252.19

114.59

1576.49

-217.47

52.15

1892.2

1777.62

200.86

418.33

364.79

1640.01

1892.21

1777.35

200.86

416.94

Hindustan Unilever
Key Financial Ratios

------------------- in Rs. Cr. -------------------

Mar '11

Mar '10

Mar '09

Dec '07

Dec '06

6.5

6.5

7.5

Operating Profit Per Share (Rs)

Net Operating Profit Per Share
(Rs)

12.34

12.82

13.6

9.54

8.18

91.18

81.45

94.06

63.75

55.48

Free Reserves Per Share (Rs)

11.04

10.7

8.3

5.45

11.2

Bonus in Equity Capital

60.98

60.36

60.4

60.47

59.67

13.53

15.74

14.46

14.95

14.74

Investment Valuation Ratios

Face Value
Dividend Per Share

Profitability Ratios
Operating Profit Margin(%)
Profit Before Interest And Tax
Margin(%)

12.25

14.59

13.39

13.78

13.5

Gross Profit Margin(%)

12.41

14.7

13.5

15.86

15.8

Cash Profit Margin(%)

11.75

12.76

12.29

13.56

15.99

Adjusted Cash Margin(%)

11.75

12.76

12.29

12.9

13.21

Net Profit Margin(%)

11.56

12.29

12.09

12.58

14.94

Adjusted Net Profit Margin(%)

11.56

12.29

12.09

11.91

12.16

102.47

106.78

118.59

138.72

65.89

87.57

85.25

121.34

122.97

68.14

80.67

81.4

113.85

116.49

55.43

12.19

11.84

9.45

6.61

24.45

12.2

11.84

9.46

6.61

24.45

Return on Long Term Funds(%)

102.47

106.78

142.88

147.26

67.65

Liquidity And Solvency Ratios

Current Ratio

0.86

0.84

0.92

0.68

0.73

Quick Ratio

Return On Capital Employed(%)

Return On Net Worth(%)
Adjusted Return on Net
Worth(%)
Return on Assets Excluding
Revaluations
Return on Assets Including
Revaluations

0.43

0.46

0.51

0.25

0.34

Debt Equity Ratio

--

--

0.2

0.06

0.03

Long Term Debt Equity Ratio

--

--

--

--

--

11,243.63

395.13

116.28

83.09

171.62

--

--

0.2

0.06

0.03

12,163.75

421.5

123.99

88.52

183.74

Debt Coverage Ratios

Interest Cover
Total Debt to Owners Fund
Financial Charges Coverage
Ratio

Financial Charges Coverage

Ratio Post Tax

10,529.33

342.84

107.47

75.81

185.99

7.91

8.99

9.26

7.2

8.02

24.28

29.24

41.83

31.41

25.42

Investments Turnover Ratio

7.91

8.99

9.26

8.2

9.27

Fixed Assets Turnover Ratio

5.63

5.35

7.81

9.8

9.3

Total Assets Turnover Ratio

8.31

7.66

9.22

10.53

4.67

Asset Turnover Ratio

5.63

5.35

7.81

5.64

5.35

Average Raw Material Holding

61.54

51.08

72.27

84.2

68.95

Average Finished Goods Held

Number of Days In Working
Capital

35.15

32.05

34.18

29.81

27.53

-20.02

-22.62

1.58

-42.05

-36.37

53.29

50.67

55.5

54.34

54.61

19.2

18.61

21.65

16.67

16.89

19.35

18.35

15.98

15.56

15.75

7.25

7.31

9.47

10.68

11.72

Management Efficiency Ratios

Inventory Turnover Ratio
Debtors Turnover Ratio

Profit & Loss Account Ratios

Material Cost Composition
Imported Composition of Raw
Materials Consumed
Selling Distribution Cost
Composition
Expenses as Composition of
Total Sales
Cash Flow Indicator Ratios
Dividend Payout Ratio Net Profit
Dividend Payout Ratio Cash
Profit

71.2

75.2

76.47

131.8

81.45

64.98

69.4

70.93

122.23

76.11

Earning Retention Ratio

22.71

21.25

18.5

-39.13

-0.12

Cash Earning Retention Ratio

29.99

27.59

24.77

-28.52

7.83

--

--

0.17

0.05

0.04

Mar '11

Mar '10

Mar '09

Dec '07

Dec '06

Earnings Per Share

10.68

10.09

11.47

8.12

8.41

Book Value

12.19

11.84

9.45

6.61

12.34

AdjustedCash Flow Times

Hindustan Unilever
------------------- in Rs. Cr. -------------------

Yearly Results
Mar '11
19,333.30
251.94
19,585.24
14,217.76
5,115.54
--

Mar '10
17,725.33
148.11
17,873.44
14,975.36
2,749.97
--

Mar '09
20,601.56
205.55
20,807.11
17,561.37
3,040.19
--

Dec '08
16,660.38
-16,660.38
14,216.51
2,443.87
--

Dec '07
13,717.75
462.68
14,180.43
11,832.05
1,885.70
--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

111.33

-25.11

82.5

156.41

--

--

--

--

--

--

--

--

--

--

5,367.48
0.24
3,157.84
220.83

2,898.08
6.98
3,002.43
184.03

3,245.74
25.32
3,195.31
195.3

2,443.87
-162.18
2,688.55
154.05

2,348.38
25.5
2,479.29
138.36

--

--

--

--

--

2,937.01
631.04
2,305.97

2,818.40
616.37
2,202.03

3,000.01
503.56
2,496.45

2,534.50
433.03
2,101.47

2,340.93
417.14
1,923.79

Prior Years Income/Expenses

--

--

--

--

1.68

Depreciation for Previous

Years Written Back/ Provided

--

--

--

--

--

---10.68
-215.95
2,417.30
1

---10.09
-218.17
2,364.68
1

---11.45
-217.99
1,842.85
1

---9.64
-217.95
-1

---8.83
-217.75
1,220.82
1

Sales Turnover
Other Income
Total Income
Total Expenses
Operating Profit
Profit On Sale Of Assets
Profit On Sale Of Investments
Gain/Loss On Foreign
Exchange
VRS Adjustment
Other Extraordinary
Income/Expenses
Total Extraordinary
Income/Expenses
Tax On Extraordinary Items
Net Extra Ordinary
Income/Expenses
Gross Profit
Interest
PBDT
Depreciation
Depreciation On Revaluation
Of Assets
PBT
Tax
Net Profit

Dividend
Dividend Tax
Dividend (%)
Earnings Per Share
Book Value
Equity
Reserves
Face Value