Education

HINDUSTAN UNILEVER ANNUAL REPORT 2011-12 PDF

Hindustan Unilever Limited Annual Report Annual Report, , Overview, Financial Highlights and Brands, Financial Performance, Performance . Get Hindustan Unilever latest Balance Sheet, Financial Statements and Hindustan Unilever detailed profit and loss accounts. Auditor’s Report (Hindustan Unilever), Year End: Mar ’18 We have audited the accompanying standalone Ind AS financial statements of Hindustan Unilever Limited (the Company), .. , , , , ,

Author: Samugal Tojabei
Country: Sierra Leone
Language: English (Spanish)
Genre: Personal Growth
Published (Last): 6 August 2005
Pages: 121
PDF File Size: 11.60 Mb
ePub File Size: 6.72 Mb
ISBN: 242-3-99924-824-4
Downloads: 21880
Price: Free* [*Free Regsitration Required]
Uploader: Tygonos

The Company has made provision, as required under the applicable law or accounting standards, for material foreseeable losses, if any, on long-term contracts including derivative contracts – Refer Note 45 to the standalone Ind AS financial statements.

Accordingly, paragraph 3 viii of the Order is not applicable to the Company. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the standalone Ind AS financial statements. In respect of inventory lying with third parties, these have substantially been confirmed by them.

In accordance with this programme, a portion of hindustsn fixed assets has been physically verified by the management during the year and no material discrepancies have been noticed on such verification.

The Company has disclosed the impact of pending litigations on its financial position in its standalone Ind AS financial statements – Refer Note 24 to the standalone Ind AS financial statements. Ubilever Company”s management is responsible for establishing and maintaining internal financial controls based on the internal controls with reference to financial statements criteria established by the Company considering the essential components of internal controls stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting the Guidance note issued by the Institute of Chartered Accountants of India ICAI.

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone Reportt AS financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India of the state of affairs of the Company as at 31 Marchits profit and other comprehensive income, changes in equity and its cash flows for the year ended on that date.

In our opinion, the Company has, in all material respects, an adequate internal financial control system with reference to financial statements and such internal financial controls with reference to financial statements were hindustzn effectively as at 31 Marchbased on the internal controls with reference to financial statements criteria established by the Company considering the essential components of internal controls stated in the Guidance Note issued by ICAI.

Hindustan Unilever Balance Sheet, Hindustan Unilever Financial Statement & Accounts

In preparing the financial statements, management is responsible for assessing the Company”s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

OPINION In our opinion, the Company has, in all material respects, an adequate internal financial control system with reference to financial statements and such internal financial controls with reference to financial statements were operating effectively as at 31 Marchbased on the internal controls with reference to financial statements criteria established by the Company considering the essential components of internal controls stated in the Guidance Note issued by ICAI.

OPINION In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone Ind AS financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India of the state of affairs of the Repot as at 31 Marchits profit and other comprehensive income, changes in equity and its cash flows for the year ended on that date.

The details of such related party transactions have been disclosed in the standalone Ind AS financial statements as required by applicable Indian Accounting Standards. In making those risk assessments, the auditor considers internal financial controls relevant to the Company”s preparation of the standalone Ind AS financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances.

  ARCGIS GEODATABASE TOPOLOGY RULES PDF

Accordingly, paragraph 3 iii of the Order is not applicable to the Company. A company”s internal financial controls with reference to financial statements is a process designed to provide reasonable assurance regarding the hindusan of financial reporting and the preparation of financial annjal for external purposes in accordance with generally accepted accounting principles.

Hindustan Unilever

According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, employees state insurance, income tax, sales tax, service tax, goods and service tax, duty of customs, 2011-112 of excise, value added tax, cess, professional tax and other material statutory dues were in arrears as at 31 March for a period of more than six months from the date they became payable. Track HUL on the go with the money control app.

An audit uni,ever performing procedures to obtain audit evidence about the amounts and the disclosures in the annual Ind AS financial statements. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls with reference to financial statements was established and maintained and if such controls operated effectively in all material respects.

We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made there under.

We have audited the accompanying standalone Ind AS financial statements of Hindustan Unilever Limited the Companywhich comprise the Balance Sheet as at 31 Marchthe Statement of Profit and Loss including other comprehensive incomethe Statement of Changes in Equity and the Statement of Cash Flows for the year then ended, and summary of the 20111-2 accounting policies and other explanatory information herein after referred to as standalone Ind AS financial statements.

Accordingly, paragraph 3 xv of the Order is not applicable to the Company. Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system with reference to financial statements and their operating effectiveness.

There has been unilevdr delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company. A company”s internal financial controls with reference to financial statements includes those policies and procedures that 1 pertain hindustzn the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; 2 provide reasonable assurance that transactions are recorded as necessary unilver permit preparation of annuall statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and 3 provide reasonable assurance regarding annual or timely detection of unauthorized acquisition, use, or disposition of the company”s assets that could have a material effect on the financial statements.

Quick Links for hindustanunilever. Our responsibility is to express an opinion on these standalone Ind AS financial statements based on our audit.

In our opinion, this periodicity of physical verification is reasonable having regard to the size of the Company and the nature of its assets. The disclosures regarding details of specified bank notes held and transacted during 8 November to 30 December has not been made since the requirement does not pertain to financial year ended 31 March We conducted our audit in accordance with the Guidance Note and the Standards on Auditing, issued by ICAI and deemed to be prescribed under Section 10 of the Act, to the extent applicable to an audit of internal financial controls, both applicable unilevver an audit of Internal Financial Controls and, both issued by the ICAI.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company”s internal financial control system with reference to financial statements. Accordingly, paragraph 3 xii of the Order is not applicable to the Company. The procedures selected depend on the auditor”s judgment, including the assessment of the risks of material misstatement of the standalone Ind AS financial statements, whether due to fraud or error.

Name of the Statute Nature of dues Amount Demanded ” in crores Amount Paid ” in crores Period to which the amount relates Forum where dispute is pending Central Excise Act, Excise duty including Interest and penalty, if applicable Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the standalone Ind AS financial statements are free from material misstatement.

  HARUN NASUTION PEMBAHARUAN DALAM ISLAM PDF

We have audited the internal financial controls with reference to unileveer statements of Hindustan Unilever Limited the Company as of 31 March in conjunction with our audit of the standalone Ind AS financial statements of the Company for the year ended on that date.

Accordingly, paragraph 3 xiv of the Order is not applicable to the Company. This responsibility also includes maintenance of adequate accounting records in accordance with 2101-12 provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone Ind AS financial statements that give a 201-112 and fair view and are free from material misstatement, whether due to fraud or error.

Dion Global Solutions Limited.

Our conclusions are based on the audit evidence obtained up to the date of the auditor”s report. As required by the Himdustan Auditor”s Report Order, the Orderissued by the Central Government in terms of Section 11 of the Act, we give in Annexure A a statement on the matters specified in paragraphs 3 and 4 of the Order.

These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to Company”s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Act.

Also, projections of any evaluation of the internal financial controls with reference to unioever statements to future periods are subject to the risk that the internal financial controls with reference to financial statements may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. As required by Section 3 of the Act, we report that: Accordingly, paragraph 3 ix of the Order is not applicable to the Company.

If we conclude that a material uncertainty exists, we are required to draw attention in the auditor”s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify the opinion.

Accordingly, paragraph 3 xvi of the Order is not applicable to the Company. We conducted our audit of the standalone Ind AS financial statements in accordance with the Standards on Auditing specified under Section 10 of the Act.

The Company has complied with rport provisions of Section of the Act in respect of investments made or loans or guarantee or security provided to the parties covered under Section Reproduction of news articles, photos, deport or any other content in whole or in part in any form or medium without express written permission of moneycontrol.

We are also responsible to conclude on the appropriateness of management”s use of the unllever concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related anhual events or conditions that may cast significant doubt on the entity”s ability to continue as a going concern.

However, future events or conditions may cause an entity to cease to continue as a going hineustan. The discrepancies noticed on verification between the physical stocks and the book records were not material. Our audit of internal financial controls with reference to financial statements included obtaining an understanding of internal financial controls with reference to financial statements, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal controls based on the assessed risk.