HINDUSTAN LEVER LIMITED

Profit and Loss Account for the year ended 31st December, 2006
Figures in brackets represent deductions

2006 2005
Notes Rs. lakhs Rs. lakhs
INCOME
Sales 1 12103,38.62 11060,54.62
Other income 2 354,51.49 304,78.65
Total 12457,90.11 11365,33.27
EXPENDITURE
Operating expenses 3 - 5 (10455,32.32) (9617,21.50)
Depreciation (130,16.35) (124,45.32)
Interest 6 (10,73.35) (19,19.31)
Total (10596,22.02) (9760,86.13)
PROFIT BEFORE TAXATION AND EXCEPTIONAL ITEMS 1861,68.09 1604,47.14
Taxation for the year – current tax 9 (260,00.00) (223,00.00)
– deferred tax (26,80.00) (41,00.00)
– fringe benefit tax (35,00.00) (30,00.00)
Taxation adjustments of previous years (net) 18 (21.00) 44,03.67
PROFIT AFTER TAXATION AND BEFORE EXCEPTIONAL ITEMS 1539,67.09 1354,50.81
Exceptional items (net of tax) 13 315,70.25 53,59.63
NET PROFIT 1855,37.34 1408,10.44
Balance brought forward 650,65.71 644,79.91
Available for distribution 2506,03.05 2052,90.35
Dividends:
On equity shares :
Interim - Rs. 3.00 per share - declared on 30th July, 2006 (661,72.23) (550,31.09)
Interim and Final dividend of 2005 paid to the shareholders of the
erstwhile Vashisti Detergents Limited (Refer note 14) (1,72.31) —
Final - Rs. 3.00 per share - declared on 20th February, 2007 (662,03.28) (550,31.09)
Tax on distributed profits (includes tax paid on distribution of Interim and
Final dividend to the shareholders of the erstwhile Vashisti Detergents
Limited. Refer note 14) (185,89.84) (159,62.46)
Transfer to General Reserve (191,00.00) (142,00.00)

Balance carried forward 803,65.39 650,65.71

Earnings Per Share (Rs.) - Basic & Diluted (Face value of Re.1 each) 16 8.41 6.40
For notes, statements, additional information, segment Signatures to pages : 52, 55 to 57, 73 to 76
information, related party disclosures and accounting policies and 78 to 85
See pages: 55 to 57, 73 to 76 and 78 to 85
In terms of our report of even date

Sharmila A. Karve
Partner Douglas Baillie Managing Director and CEO
Membership No. 43229 D. Sundaram Finance Director
For and on behalf of Raju Thomas Vice President - Finance
LOVELOCK & LEWES Ashok Gupta Company Secretary
Chartered Accountants
Mumbai : 20th February, 2007 Mumbai : 20th February, 2007

52 2006
 HINDUSTAN LEVER LIMITED

Balance Sheet as at 31st December, 2006

Figures in brackets represent deductions

Schedule 2006 2005

Rs. lakhs Rs. lakhs
SOURCES OF FUNDS
Shareholders' funds
Capital 1 220,67.76 220,12.44
Reserves and surplus 2 2502,80.51 2085,50.16
2723,48.27 2305,62.60
Loan funds
Secured loans 3 37,12.90 24,49.96
Unsecured loans 4 35,47.40 72,60.30 32,44.11 56,94.07
2796,08.57 2362,56.67
APPLICATION OF FUNDS
Fixed assets
Gross block 2462,68.85 2375,11.02
Depreciation and impairment loss (1061,93.99) (989,61.28)
Net block 5 1400,74.86 1385,49.74
Capital work-in-progress 110,26.03 1511,00.89 98,03.29 1483,53.03
Investments 6 2413,93.15 2014,19.84
Deferred Tax
Deferred Tax Assets 14 385,42.59 338,68.17
Deferred Tax Liabilities 15 (160,87.89) 224,54.70 (118,53.71) 220,14.46
Current assets, loans and advances
Inventories 7 1547,71.10 1321,76.91
Sundry debtors 8 440,37.10 522,82.85
Cash and bank balances 9 416,94.30 355,03.19
Other current assets 10 21,73.23 23,89.08
Loans and advances 11 742,89.78 549,49.65
3169,65.51 2773,01.68
Current liabilities and provisions
Liabilities 12 (3201,64.12) (2969,45.48)
Provisions 13 (1321,41.56) (1158,86.86)
(4523,05.68) (4128,32.34)
Net current assets (1353,40.17) (1355,30.66)
2796,08.57 2362,56.67

For schedules, contingent liabilities, additional information, Signatures to pages : 53, 58 to 72

segment information, related party disclosures and 78 to 85.
and accounting policies
See pages : 58 to 72 and 78 to 85.
In terms of our report of even date

Sharmila A. Karve Douglas Baillie Managing Director and CEO

Partner D. Sundaram Finance Director
Membership No. 43229 Raju Thomas Vice President - Finance
For and on behalf of Ashok Gupta Company Secretary
LOVELOCK & LEWES
Chartered Accountants
Mumbai : 20th February, 2007 Mumbai : 20th February, 2007

2006 53
HINDUSTAN UNILEVER LIMITED
(Formerly known as Hindustan Lever Limited)

Profit and Loss Account for the year ended 31st December, 2007
Figures in brackets represent deductions

2007 2006
Notes Rs. lakhs Rs. lakhs
INCOME
Sales 1 13717,75.37 12103,38.62
Other income 2 462,68.11 354,51.49
Total 14180,43.48 12457,90.11
EXPENDITURE
Operating expenses 3 - 5 (11832,05.25) (10455,32.32)
Depreciation (138,35.90) (130,16.35)
Interest 6 (25,49.66) (10,73.35)
Total (11995,90.81) (10596,22.02)
PROFIT BEFORE TAXATION AND EXCEPTIONAL ITEMS 2184,52.67 1861,68.09
Taxation for the year – current tax 9 (338,21.00) (260,00.00)
– deferred tax (38,93.00) (26,80.00)
– fringe benefit tax (40,00.00) (35,00.00)
Taxation adjustments of previous years (net) 17 1,67.11 (21.00)
PROFIT AFTER TAXATION AND BEFORE EXCEPTIONAL ITEMS 1769,05.78 1539,67.09
Exceptional items (net of tax) 13 156,41.20 315,70.25
NET PROFIT 1925,46.98 1855,37.34
Balance brought forward 803,65.39 650,65.71
Available for distribution 2729,12.37 2506,03.05
Dividends:
On equity shares :
Interim - Rs. 3.00 per share - declared on 29th July, 2007 (662,30.35) (661,72.23)
(includes Rs. 17.49 lakhs on Final Dividend for 2006)
Platinum Jubilee - Rs. 3.00 per share - declared on 31st October, 2007 (660,57.83) —
Interim and Final dividend of 2005 paid to the shareholders of the
erstwhile Vashisti Detergents Limited — (1,72.31)
Final - Rs. 3.00 per share - proposed (653,23.90) (662,03.28)
Tax on distributed profits (includes Rs. 19,68.74 lakhs on Final Dividend for 2006) (355,49.95) (185,89.84)
Transfer to General Reserve (200,00.00) (191,00.00)

Balance carried forward 197,50.34 803,65.39

Earnings Per Share (Rs.) - Basic & Diluted (Face value of Re. 1 each) 15 8.73 8.41

For notes, statements, additional information, segment Signatures to pages: 53, 54, 57 to 59, 76 to
information, related party disclosures and accounting policies 79 and 81 to 88
See pages: 53, 57 to 59, 76 to 79 and 81 to 88
In terms of our report of even date

Sharmila A. Karve
Partner Douglas Baillie Managing Director and CEO
Membership No. 43229 D. Sundaram Finance Director
For and on behalf of Raju Thomas Vice President - Finance
LOVELOCK & LEWES Ashok Gupta Executive Director - Legal
Chartered Accountants and Company Secretary

Mumbai: 13th February, 2008 Mumbai: 13th February, 2008

54 2007
 HINDUSTAN UNILEVER LIMITED
(Formerly known as Hindustan Lever Limited)

Balance Sheet as at 31st December, 2007

Figures in brackets represent deductions

Schedule 2007 2006

Rs. lakhs Rs. lakhs
SOURCES OF FUNDS
Shareholders’ funds
Capital 1 217,74.63 220,67.76
Reserves and surplus 2 1221,48.78 2502,80.51
1439,23.41 2723,48.27
Loan funds
Secured loans 3 25,51.86 37,12.90
Unsecured loans 4 63,01.17 88,53.03 35,47.40 72,60.30
1527,76.44 2796,08.57
APPLICATION OF FUNDS
Fixed assets
Gross block 2669,07.72 2462,68.85
Depreciation and impairment loss (1146,57.39) (1061,93.99)
Net block 5 1522,50.33 1400,74.86
Capital work-in-progress 185,63.75 1708,14.08 110,26.03 1511,00.89
Investments 6 1440,80.74 2413,93.15
Deferred Tax
Deferred Tax Assets 14 403,71.06 385,42.59
Deferred Tax Liabilities 15 (191,32.31) 212,38.75 (160,87.89) 224,54.70
Current assets, loans and advances
Inventories 7 1953,59.86 1547,71.10
Sundry debtors 8 443,37.46 440,37.10
Cash and bank balances 9 200,86.21 416,94.30
Other current assets 10 12,39.25 21,73.23
Loans and advances 11 667,18.17 742,89.78
3277,40.95 3169,65.51
Current liabilities and provisions
Liabilities 12 (3837,08.53) (3201,64.12)
Provisions 13 (1273,89.55) (1321,41.56)
(5110,98.08) (4523,05.68)
Net current assets (1833,57.13) (1353,40.17)
1527,76.44 2796,08.57

For schedules, contingent liabilities, additional information, Signatures to pages: 55, 60 to 75

segment information, related party disclosures and 81 to 88.

See pages : 60 to 75 and 81 to 88.

In terms of our report of even date

Sharmila A. Karve Douglas Baillie Managing Director and CEO

Partner D. Sundaram Finance Director
Membership No. 43229 Raju Thomas Vice President - Finance
For and on behalf of Ashok Gupta Executive Director - Legal
LOVELOCK & LEWES and Company Secretary
Chartered Accountants

Mumbai: 13th February, 2008 Mumbai: 13th February, 2008

2007 55
 Back to 'What's Inside'

Standalone

130'*5
"/%
-044
"$$06/5

for the 15 months ended 31st March, 2009
Figures in brackets represent deductions
Rs. lakhs
15 months ended 12 months ended
Notes
31st March, 2009 31st December, 2007
INCOME
Sales 1 20239,33.05 13675,43.29
Other income 2 567,78.70 431,52.65
Total 20807,11.75 14106,95.94
EXPENDITURE
Operating expenses 3-5 (17561,37.32) (11796,77.44)
Depreciation (195,30.42) (138,35.90)
Interest 6 (25,32.29) (25,49.66)
Total (17782,00.03) (11960,63.00)
PROFIT BEFORE TAXATION AND EXCEPTIONAL / EXTRAORDINARY ITEMS 3025,11.72 2146,32.94
Taxation for the year – current tax (535,85.36) (325,95.09)
– deferred tax (2.39) (38,93.00)
– fringe benefit tax (37,06.10) (40,00.00)
Taxation adjustments of previous years (net) 16 48,52.70 1,67.11
PROFIT AFTER TAXATION AND BEFORE EXCEPTIONAL / EXTRAORDINARY ITEMS 2500,70.57 1743,11.96
Exceptional/Extraordinary items (net of tax) 11 (4,25.72) 182,35.02
NET PROFIT 2496,44.85 1925,46.98
Balance brought forward 197,50.34 803,65.39
Available for distribution 2693,95.19 2729,12.37
Dividends :
On equity shares :
Interim - Rs. 3.50 per share - declared on 25th July, 2008 (includes Rs 13.84 lakhs (762,55.93) (662,30.35)
on Final Dividend for 2007)
Platinum Jubilee - Rs. 3.00 per share - declared on 31st October, 2007 – (660,57.83)
Final - Rs. 4.00 per share - proposed (871,95.04) (653,23.90)
Tax on distributed profits (includes Rs. 2.35 lakhs on final dividend for 2007) (277,78.50) (355,49.95)
Transfer to General Reserve (250,00.00) (200,00.00)
Balance carried forward 531,65.72 197,50.34
Earnings Per Share (Rs.) - Basic (Face value of Re.1 each) 13 11.46 8.73
- Diluted (Face value of Re.1 each) 11.44 8.71

For notes, statements, additional information, segment Signatures to pages : 64 to 66, 70 to 73, 93 to 97 and 99 to 107
information, related party disclosures and accounting policies
See pages: 64, 65, 70 to 73, 93 to 97 and 99 to 107

In terms of our report of even date

Nitin Paranjpe Managing Director and CEO
Sharmila A. Karve
D. Sundaram Vice Chairman and CFO
Partner
Membership No. 43229 Ashok Gupta Executive Director - Legal
For and on behalf of and Company Secretary
LOVELOCK & LEWES Vivek Subramanian Group Corporate Accountant
Chartered Accountants D. S. Parekh Chairman, Audit Committee

Mumbai : 10th May 2009 Mumbai : 10th May 2009

66 Hindustan Unilever Limited

 Back to 'What's Inside'

Standalone
#"-"/$&
4)&&5

as at 31st March, 2009
Figures in brackets represent deductions
Rs. lakhs
Schedule As at 31st March, 2009 As at 31st December, 2007
SOURCES OF FUNDS
Shareholders’ funds
Capital 1 217,98.76 217,74.63
Reserves and surplus 2 1843,51.96 1221,48.78
2061,50.72 1439,23.41
Loan funds
Secured loans 3 144,64.93 25,51.86
Unsecured loans 4 277,29.78 63,01.17
421,94.71 88,53.03
2483,45.43 1527,76.44
APPLICATION OF FUNDS
Fixed assets
Gross block 2881,73.21 2669,07.72
Depreciation and impairment loss (1274,95.46) (1146,57.39)

Net block 5 1606,77.75 1522,50.33

Capital work-in-progress 472,07.29 2078,85.04 185,63.75 1708,14.08

Investments 6 332,62.02 1440,80.74

Deferred Tax
Deferred Tax Assets 14 439,08.73 403,71.06
Deferred Tax Liabilities 15 (184,25.61) 254,83.12 (191,32.31) 212,38.75
Current assets, loans and advances
Inventories 7 2528,85.76 1953,59.86
Sundry debtors 8 536,88.72 443,37.46
Cash and bank balances 9 1777,34.93 200,86.21
Other current assets 10 15,74.04 12,39.25
Loans and advances 11 742,12.05 667,18.17
5600,95.50 3277,40.95
Current liabilities and provisions
Liabilities 12 (4255,82.43) (3837,08.53)
Provisions 13 (1527,97.82) (1273,89.55)
(5783,80.25) (5110,98.08)
Net current assets (182,84.75) (1833,57.13)
2483,45.43 1527,76.44

For schedules, contingent liabilities, additional information, segment Signatures to pages : 67, 74 to 92 and 99 to 107
information, related party disclosures and accounting policies
See pages : 74 to 92 and 99 to 107

In terms of our report of even date

Nitin Paranjpe Managing Director and CEO
Sharmila A. Karve
D. Sundaram Vice Chairman and CFO
Partner
Membership No. 43229 Ashok Gupta Executive Director - Legal
For and on behalf of and Company Secretary
LOVELOCK & LEWES Vivek Subramanian Group Corporate Accountant
Chartered Accountants D. S. Parekh Chairman, Audit Committee

Mumbai : 10th May 2009 Mumbai : 10th May 2009

Financial Statements Annual Report 2008-09 67

 STANDALONE

Profit and Loss Account

For the year ended 31st March, 2010
Figures in brackets represent deductions
Rs. Crores
Notes 12 Months Ended 15 Months Ended
31st March, 2010 31st March, 2009

INCOME
Sales (net of excise) 1 17,523.80 20,239.33
Other income
(Current year: net of Mark to Market Loss - refer note 8.ii) 2 349.64 589.72
Total 17,873.44 20,829.05
EXPENDITURE
Operating expenses 3-5 (14,975.36) (17,583.31)
Depreciation (184.03) (195.30)
Interest 6 (6.98) (25.32)
Total (15,166.37) (17,803.93)
PROFIT BEFORE TAXATION AND EXCEPTIONAL/EXTRAORDINARY ITEMS 2,707.07 3,025.12
Taxation for the year - current tax (626.23) (535.86)
- deferred tax (22.13) (0.02)
- Fringe benefit tax - (37.06)
Taxation adjustments of previous years (net) 15 43.97 48.53
PROFIT AFTER TAXATION AND
BEFORE EXCEPTIONAL /EXTRAORDINARY ITEMS 2,102.68 2,500.71
Exceptional/Extraordinary items (net of tax) 11 99.35 (4.26)
NET PROFIT 2,202.03 2,496.45
Balance brought forward 531.66 197.50
Profit and Loss Balance of Bon Limited (note 12) (55.33) -
Available for distribution 2,678.36 2,693.95
Dividends :
On equity shares:
Interim - Rs. 3.00 per share - declared on 31st October,
2009 (2009:Rs.3.50 per share) (654.35) (762.56)
(includes Rs 0.08 Crores on Final Dividend for 2009)
Final - Rs. 3.50 per share - proposed (2009: Rs.4.00 per share) (763.59) (871.95)
Tax on distributed profits
(includes Rs. 0.01 Crores on Final Dividend for 2009) (238.03) (277.78)
Transfer to General Reserve (220.20) (250.00)
Balance carried forward 802.19 531.66
Earnings Per Share (Rs.) - Basic (Face value of Re.1 each) 13 10.10 11.46
- Diluted (Face value of Re.1 each) 10.08 11.44

For notes, statements, additional information, segment Signatures to pages : 62 to 64, 68 to 71, 85 to 89 and 91 to 99
information, related party disclosures and accounting policies
See pages: 62, 63, 68 to 71, 85 to 89 and 91 to 99
In terms of our report of even date
For Lovelock & Lewes NITIN PARANJPE SRIDHAR RAMAMURTHY
Firm Registration No. 301056E Managing Director and CEO CFO & Company Secretary
Chartered Accountants
Sharmila A. Karve D.S. PAREKH VIVEK SUBRAMANIAN
Partner Chairman - Audit Committee Group Controller
Membership No. 43229
Mumbai : 25th May, 2010 Mumbai : 25th May, 2010

64 Hindustan Unilever Limited

 STANDALONE

Balance Sheet
As at 31st March, 2010
Figures in brackets represent deductions
Rs. Crores
Schedule As at As at
31st March, 2010 31st March, 2009

SOURCES OF FUNDS
Shareholders' funds
Capital 1 218.17 217.99
Reserves and surplus 2 2,365.35 1,843.52
2,583.52 2,061.51
Loan funds
Secured loans 3 - 144.65
Unsecured loans 4 - - 277.29 421.94
2,583.52 2,483.45
APPLICATION OF FUNDS
Fixed assets
Gross block 3,581.96 2,881.73
Depreciation and impairment loss (1,419.85) (1,274.95)
Net block 5 2,162.11 1,606.78
Capital work-in-progress 273.96 2,436.07 472.06 2,078.84
Investments 6 1,264.08 332.62
Deferred Tax
Deferred Tax Assets 14 451.13 439.09
Deferred Tax Liabilities 15 (202.31) 248.82 (184.26) 254.83
Current assets, loans and advances
Inventories 7 2,179.93 2,528.86
Sundry debtors 8 678.44 536.89
Cash and bank balances 9 1,892.21 1,777.35
Other current assets 10 16.62 15.74
Loans and advances 11 600.56 742.12
5,367.76 5,600.96
Current liabilities and provisions
Liabilities 12 (5,291.66) (4,255.82)
Provisions 13 (1,441.55) (1,527.98)
(6,733.21) (5,783.80)
Net current assets (1,365.45) (182.84)
2,583.52 2,483.45

For schedules, contingent liabilities, additional information, Signatures to pages : 62, 63, 65, 72 to 84 and 91 to 99
segment information, related party disclosures and accounting policies
See pages: 62, 63, 72 to 84 and 91 to 99
In terms of our report of even date
For Lovelock & Lewes NITIN PARANJPE SRIDHAR RAMAMURTHY
Firm Registration No. 301056E Managing Director and CEO CFO & Company Secretary
Chartered Accountants
Sharmila A. Karve D.S. PAREKH VIVEK SUBRAMANIAN
Partner Chairman - Audit Committee Group Controller
Membership No. 43229
Mumbai : 25th May, 2010 Mumbai : 25th May, 2010

Annual Report 2009-10 65