A

Project Report
On
“FIXED ASSET SCHEDULE OF MARICO COMPANY”
By
Group No: 5
NAME ROLL NO
Gouri Kudtarkar 25
Mitesh Kuvadia 26
Bhavin Lodaya 27
Dhairya Mehta 28
Parina Mehta 29
Payal Mehta 30

For the Subject

ANALYSIS OF FINANCIAL STAEMENT
At

AMS Institute of Management and Research, Ghatkopar [W], Mumbai-86

 DETAILS OF FIXED ASSET (Rs in Cr)
Gross Block Depreciation Net Block
PARTICULAR AS AT Additio DEDUC AS AS PER FOR DEDUC AS PROVI AS AS AT
S MARC n -TIONS AT MARC THE -TIONS PER -SION AT MARC
H 31, MAR H 31, YEA MAR MAR H 31,
2008 CH 2008 R CH CH 2008
31, 31, 31,2
2009 2009 009
Tangible Assets

Freehold land 3.03 0.54 -0.59 4.16 - - - - - 4.16 3.03

Leasehold land 1.98 12.25 -0.04 14.27 0.16 0.22 - 0.38 - 13.89 1.82

Buildings 61.44 14.33 -1.74 77.51 12.71 2.31 -0.11 15.13 - 62.38 48.73
Plant and 205.76 52.32 -2.37 260.4 120.56 23.33 0.27 143.6 5.31 111.5 79.05
machinery 5 2 2
Furniture and 18.8 8.47 -1.65 28.92 4.02 4.1 -0.47 8.59 0.05 20.28 14.78
fittings
Vehicles 2.39 0.59 -0.21 3.19 0.97 0.52 -0.08 1.57 - 1.62 1.42
TOTAL 293.4 88.5 -6.6 388. 138.4 30.4 -0.39 169. 5.36 213. 148.8
5 2 8 29 85 3
Intangible
assets
Trademarks 41.34 - -2.03 43.37 5.25 2.93 -0.24 8.42 3.65 31.3 36.09
and copyrights
Other 8.03 - -2.12 10.15 2.21 0.95 -0.67 3.83 - 6.32 5.82
intangible
-Computer 13.3 1.52 -0.04 14.86 11.46 1.43 -0.02 12.91 - 1.95 1.84
software
TOTAL 62.67 1.52 -4.19 68.3 18.92 5.31 -0.93 25.1 3.65 39.5 43.75
 8 6 7
TOTAL 356.0 90.02 -10.79 456. 157.3 35.7 -1.32 194. 9.01 253. 192.5
7 88 4 9 45 42 8
DETAILS OF VARIOUS ACTIVITIES REGARDING FIXED ASSET.
Cash Flow Form 2009 Cr 2008 Cr
Investment Activities
Purchase of fixed assets (79.40) (131.24)

(purchase) / sale of (12.10) -

investments-(net)

Goodwill on consolidation (1.13) (39.29)

Sale of fixed asset 0.40 9.12

Effect of translation (12.71) -

difference on fixed assets

DETAILS AND ANALYSIS OF FIXED ASSET OF THE COMPANY-MARICO Ltd.

 In case of all subsidiaries except MEIC, depreciation in respect of factory building and Plant & Machinery is
provided on straight line basis instead of written down value basis as followed in Marico Limited (except
items specified in note 2(f)(i)(b) below). The total amount of net block of these items of fixed assets
represents 28.43% of the total consolidated fixed assets of the group as at the year end.

 Fixed assets and intangible assets are stated at cost of acquisition, less accumulated depreciation and
impairments, if any. Cost includes taxes, duties, freight and other incidental expenses related to acquisition
 and installation. Borrowing costs attributable to acquisition, construction of qualifying asset (i.e. assets
requiring substantive period of time to get ready for intended use) are capitalized in accordance with the
requirements of Accounting Standard 16 (AS 16)

 “Borrowing Costs” mandated by Rule 3 of the Companies (Accounting Standards) Rules 2006. Other pre-
operative expenses for major projects are also capitalized, where appropriate.

 Capital work-in-progress comprises outstanding advances paid to acquire fixed assets and cost of fixed
assets that are not yet ready for their intended use at the year end.

 Depreciation is provided at the higher of the rates, based on useful lives of the assets as estimated by the
management every year or those stipulated by the respective statutes in India, UAE, Bangladesh, Egypt,
South Africa and the United States, if any.

 In Marico Limited, depreciation on factory building and plant and machinery (other than items computer
hardware, moulds which are depreciated at rates higher than statutorily prescribed on straight line basis) is
provided on written down value basis. Depreciation on other assets in Marico Limited and on all assets of
subsidiaries, except MEIC, is provided on straight line basis.

 Borrowing costs capitalized during the year under fixed assets amounts to Rs.3.55 Cr

 The fixed assets are physically verified by the management according to a phased programmed designed to
cover all the items over a period of two years, which in our opinion, is reasonable having regard to the size
of the Company and the nature of its assets. Pursuant to the programmed, a portion of the fixed assets has
been physically verified by the management during the year and no material discrepancies between the book
records and the physical inventory have been noticed