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Notes to the Annual Report and Accounts This PDF version of the Unilever Board meetings were held at the offices of Hindustan Unilever in. the Annual Report and the text of the Schemes. . HINDUSTAN UNILEVER LTD. , Annual Report – Amount (In Rs.) HINDUSTAN UNILEVER LIMITE WESTERN REGION Information pursuant to Clause 32 of the Listing Agreement ANNUAL REPORT – JL Morison.

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An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company””s Directors, as well as evaluating the overall presentation of the standalone Ind AS financial statements.

Those Standards require that we comply with ethical requirements and plan and perform anjual audit to obtain reasonable assurance about whether the standalone Ind AS financial statements are free from material misstatement. The details of foreign exchange earnings and outgo 200-708 required under Section of the Act and Rule 8 3 of Companies Accounts Rules, are mentioned below: This will enable the management to pro-actively protect value through implementation of a robust control environment.

HUL Auditors Report

But how would you estimate the true liability? As for your second question: Past performance is not an indicator of future returns. Dev Bajpai has also been appointed as a Whole-time Director on the Board with effect from 23rd January,for a period of five years, subject to approval of Members of your Company at the Annual General Meeting. The details of such related party transactions have been disclosed in the financial statements as required under Accounting Standard AS 18, Related Party Disclosures specified under Section of the Act, read with Rule 7 of the Companies Accounts Rules, August 12, at Nesco has three businesses each of which use float.


Alas, such a happy environment is unlikely to last. But over time they accumulate a lot of cash through the presence of a moat. One of the points being reduction of the minimum size of sector specific SEZ to 10 acres from existing 25 acres.

HUL Auditor’s Report

Your Company brought down its inventory holding by 2. A truly well written post. The details of such related party transactions have been disclosed in the standalone Ind AS financial statements as required by applicable accounting standards. This has helped in bringing to the Indian consumers bigger, better and faster innovations. If floats are deteriorating over time, its a sign of an eroding moat. Your Company continuously imports technology from Unilever under the Technical Collaboration Agreement and the same is fully absorbed.

Ability to manage the digital content of our products and brands and to seamlessly publish the same to our partners have helped improve the quality of consumer engagement online.

It means that one should focus on overall balance in the account and what not various accountholders are doing. By keeping inventories low, by ensuring customers pay amazon.

All Related Party Transactions are subjected to independent review by a reputed accounting firm to reort compliance with the requirements of Related Party Transactions under the Companies Act, and Listing Regulations. Accordingly, your Company has taken ambitious targets of year-on-year reductions in CO 2 emissions kg per tonne of productiongroundwater abstraction cubic meter per tonne of production and waste generation kg per tonne of production in its operations.


In our opinion, the Company has, in all material respects, an adequate internal financial control system over financial reporting and such internal financial controls over financial reporting were operating effectively as at 31 Marchbased on the internal controls over financial reporting criteria established by the Company considering the essential components of internal controls stated in the Guidance Note issued by the ICAI. Alongside the investment in technology, your Company is also improving its service management processes to prevent any defects in the IT environment and to enable faster resolution of any such incidents with minimum business disruption.

Though, an understanding of what will sustain this is required by investors and that will come from an understanding of the business. I agree with you on dividend policy. In Foods, the year anhual the launch of new variants of premium jams of Kissan. These would be non-current investments Rs 70 cr. The Company has disclosed the impact of pending litigations on its financial position in its financial statements – Refer Note 24 to the financial statements; 2.

This has enabled the Company to provide higher levels of consumer delight through continuous improvement in anual products and introduction of new products. My basic point in treating current liabilities as float is to show how in some business models moatsthese operating liabilities play a crucial role in leveraging return on assets to deliver an exceptional return on invested capital which usually is only equity.

A key lesson from Buffett on this is:.