Use the trial balance and additional information given in Case 5.4 in Chapter 5 and prepare the balance sheet of HUL Limited as on 31st March 2017.

Case 5.4

Hindustan Unilever Limited (HUL) is India’s largest Fast Moving Consumer Goods company. HUL has over 35 brands spanning 20 distinct categories such as soaps, detergents, shampoos, skin care, toothpastes, deodorants, cosmetics, tea, coffee, packaged foods, ice cream, and water purifiers. The Company has about 18,000 employees. 

From the following Trial Balance of the company and additional information, you are required to prepare the Statement Profit and Loss for the company for the year ended 31st March 2017.

Additional Information

1. Closing inventories as on 31st March 2017 consists of:

2. Provide depreciation on property, plant and equipment: ₹ 384 crore. 

3. Amortise intangible assets: ₹ 12 crore.

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Particulars Advertising and promotion. Assets held for sale Bank balance-other than cash and cash equivalents Capital work-in-progress Carriage and freight Cash and cash equivalents Contribution to pf and other funds Csr expenditure Current investments Current tax expenses Deferred tax assets Deferred tax charge Defined benefits plan expenses Dividend distribution tax paid Dividend paid Excise duty Excise duty in closing inventory of finished goods Intangible assets Interest expense Investments in subsidiaries, associates and joint ventures Miscellaneous expenses Non-current investments Non-current loans. Non-current tax assets Opening stock-stores and spares Opening stock- work-in-progress Opening stock - finished goods and stock-in-trade Opening stock-raw material and packing material Other comprehensive income- will not be classified to profit and loss Other current assets Other current financial assets Other non-current assets Other non-current financial assets Power, fuel, light and water Processing charges Property, plant and equipment Purchase of stock in trade. Rates and taxes Raw material and packing material purchased Rent Repair and maintenance Royalty expenses Salaries and wages Share based payments to employees Trade receivables Travelling and conveyance Workmen and staff welfare expenses Total Amount 3470 72 1,099 203 1,457 572 81 104 3,519 1,865 160 41 18 693 3,571 2,597 15 393 22 254 1,266 6 198 311 61 354 1,206 907 32 553 306 70 114 257 290 4,319 4,166 116 11,335 241 120 1,044 1,330 94 959 176 97 50,134 Particulars Accumulated amortisation Accumulated depreciation Capital redemption reserve Capital reserve Dividend income Employee stock options outstanding Exceptional item General reserve Income for services rendered Interest income Interest income Miscellaneous other income Non-current tax liabilities Other comprehensive income-will be reclassified to profit and loss Other current financial liabilities Other current liabilities Other non-current liabilities Other non-current financial liabilities Other operating income Other reserves Provision for doubtful trade receivables Provisions-current Provisions-non current Retained earnings Sales of products Securities premium Share capital Tax credit on OCI will not be classified to profit and loss Trade payables Amount 11 281 6 4 178 30 241 2,187 513 262 86 296 1 181 628 207 71 79 9 31 387 485 3,716 33,895 116 216 11 6,006 50,134