Scribd Logo
Upload

Welcome to Scribd!

  • 54 views

    Understanding Annual Report-Nestle India LTD.: by Prof Archana Patro

    Uploaded by

    Arun Gowli
    This document provides an overview and analysis of Nestle India Ltd's annual report. It includes summaries of the company's financial statements, balance sheet, income statement and notes. It also reviews the auditors' report, directors' report, corporate governance report, management discussion and analysis, and corporate social responsibility report that are included in the annual report. The document explains the requirements for these various sections under Indian company law and regulations. It provides examples from Nestle's annual report to illustrate the compliance and contents of these mandatory financial reports.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Understanding Annual Report-Nestle India LTD.: by Prof Archana Patro

    Uploaded by

    Arun Gowli
    54 views31 pages
    This document provides an overview and analysis of Nestle India Ltd's annual report. It includes summaries of the company's financial statements, balance sheet, income statement and notes. It also reviews the auditors' report, directors' report, corporate governance report, management discussion and analysis, and corporate social responsibility report that are included in the annual report. The document explains the requirements for these various sections under Indian company law and regulations. It provides examples from Nestle's annual report to illustrate the compliance and contents of these mandatory financial reports.

    Original Title

    session-9.pdf

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document provides an overview and analysis of Nestle India Ltd's annual report. It includes summaries of the company's financial statements, balance sheet, income statement and notes. It also reviews the auditors' report, directors' report, corporate governance report, management discussion and analysis, and corporate social responsibility report that are included in the annual report. The document explains the requirements for these various sections under Indian company law and regulations. It provides examples from Nestle's annual report to illustrate the compliance and contents of these mandatory financial reports.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    54 views31 pages

    Understanding Annual Report-Nestle India LTD.: by Prof Archana Patro

    Uploaded by

    Arun Gowli
    This document provides an overview and analysis of Nestle India Ltd's annual report. It includes summaries of the company's financial statements, balance sheet, income statement and notes. It also reviews the auditors' report, directors' report, corporate governance report, management discussion and analysis, and corporate social responsibility report that are included in the annual report. The document explains the requirements for these various sections under Indian company law and regulations. It provides examples from Nestle's annual report to illustrate the compliance and contents of these mandatory financial reports.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 31

    Understanding Annual ReportNestle India Ltd.

    By
    Prof Archana Patro

    Institute for Financial Management and Research

    INTRODUCTION
    BRIEF PROFILE OF NESTLE INDIA LTD.

    Page -23 pdf

    INTRODUCTION
    BRIEF PROFILE OF NESTLE INDIA LTD.

    FINANCIAL STATEMENTS OF NESTLE INDIA LTD.

    Page-54 pdf

    Balance Sheet & Income statement

    Pg-40-41
    UNDERSTANDING THE INTER-LINKAGE OF THE FINANCIAL
    STATEMENT

    PAT OF 11,846 miilion belong to equity owners and is


    transferred to reserves and surplus (note-2 )Balance
    sheet.

    UNDERSTANDING THE VARIOUS ACCOUNTS OF BALANCE SHEET


    AND NOTES THERETO

    EQUITY AND LIABILITIES


    Shareholders Funds
    Share capital

    Pg-44
    -Apart from year end figure ,the note provides movements in
    capital,extent of ownership and major controlling shareholders etc

    Reserves and Surplus

    Pg-45

    All appropriations towards dividends and


    general reserve has been made via this note
    instead of statement of profit and loss.

    Non-current Liabilities
    Long-term borrowings
    As compared to its size, long term borrowing of
    154.6 million represents a miniscule figure

    Non-current Liabilities

    Deferred tax liabilities (net)

    Policy is in accordance with Indian GAAP.The company has a net


    liability towards deffered taxes which will cause cash outflow in future

    Other Notes to Accounts


    Till Page -66

    Other Mandatory Financial


    Reports

    Introduction
    The most common and statutorily required reports are
    as under:
    1.Auditors report
    2.Directors report
    3.Corporate governance reportManagement Discussion and analysis reports
    4.Report on Corporate social responsibility

    Introduction
    Auditors report: is an instrument of
    discharging attest function and expressing the
    truth of discharging attest function and
    expressing opinion about the truth and
    fairness of financial position and performance
    conveyed by the financial statements.by the
    company auditors.

    AUDITORS REPORT
    Requirements of the Companies Act

    Companies (Auditors Report) Order, 2003 or CARO


    Applicability
    Fixed assets
    Inventory
    Loans granted to/taken from companies and firms in which
    directors
    are interested
    Internal Control System
    Transactions (other than loans) with companies and firms in
    which
    directors are interested
    Public Deposits
    Internal audit system
    Cost accounts and records
    Statutory dues
    Accumulated losses:Cost accounts and records
    Default in repayment of loans

    Loans granted against securities (shares etc.)


    Chit fund, Nidhi/mutual benefit fund/societies
    Companies dealing in securities
    Third party guarantees
    Application of loans for the intended purpose
    Use of short term funds for long term investment
    Preferential allotment
    Creation of charge on debentures
    End use of public issue
    Frauds

    Reasons to be stated for unfavorable or qualified answers


    Significance and implications of auditor report

    Go through the Auditors report of Nestle and


    Find out the compliance requirements of the
    companies act.-Pg-35 pdf

    DIRECTORS REPORT
    Requirements of the Companies Act

    DIRECTORS REPORT

    Pg-24 Pdf

    Questions
    What information does the directors report
    provide ?

    CORPORATE GOVERNANCE REPORT


    Objective and Importance of Corporate
    Governance
    Suggested List of Items for Corporate Governance
    Report(SEBI)
    A brief statement on companys philosophy on code
    of governance.
    Board of Directors
    Audit Committee
    Nomination and Remuneration Committee
    Stakeholders Grievance Committee
    General Body meetings
    Disclosures
    Means of communication
    General Shareholder information

    Non-mandatory Requirements
    The Board
    Shareholder Rights
    Audit Qualifications
    Separate posts of Chairman and CEO
    Reporting of Internal Auditor
    Review of Nestls Report on Corporate
    Governance-

    Annex-1

    MANAGEMENT DISCUSSION AND ANALYSIS REPORT


    Report and Its Contents

    Significance of MD&A
    Review of Nestls MD&A
    Report-74 pg

    REPORT ON CORPORATE SOCIAL RESPONSIBILITY


    (CSR) ACTIVITIES
    Requirements of the Companies Act, 2013

    Review of Nestls Report on CSR


    Activities-72-Annex-3 82

    You might also like