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: Kazralkree Vijar
Country: Indonesia
Language: English (Spanish)
Genre: Music
Published (Last): 2 January 2004
Pages: 331
PDF File Size: 20.23 Mb
ePub File Size: 17.99 Mb
ISBN: 605-5-31675-896-1
Downloads: 60109
Price: Free* [*Free Regsitration Required]
Uploader: Fenrik

Accordingly, paragraph 3 xii of the Order is not applicable to the Company. 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 significant accounting policies and other explanatory information herein after referred to as standalone Ind AS financial statements.

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 Company as at 31 Marchits profit and other comprehensive income, changes in equity and its cash flows for the year ended on that date.

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 Accordingly, paragraph 3 iii of the Order is not applicable to the Company. An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the standalone Ind AS financial statements. 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.

A company”s internal financial controls with reference to financial statements is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. 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.

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 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.

However, we have not made a detailed examination of the records. However, future events or conditions may cause an entity to cease to continue as a going concern. 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.

Related Posts  EUROSET 3005 PDF

Our conclusions are based on the audit evidence obtained up to the date of the auditor”s report. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.

Accordingly, paragraph 3 xvi of the Order is not applicable hinduustan the Company. Track HUL on the go with the money control app. 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 2011-2 a true and fair view in conformity with the accounting principles generally accepted in India of the state of affairs of the Company 22011-12 at 31 Marchits profit and other comprehensive income, changes in equity and its cash flows for the year ended on that date.

In respect of inventory lying with third parties, these have substantially been confirmed by them.

Accordingly, paragraph 3 xv of the Order is not applicable to the Company. The Company”s management is responsible for establishing and maintaining internal financial controls based on hindustwn 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 Hindusyan note issued by the Institute of Chartered Accountants of India ICAI.

Dion Global Solutions Limited.

Hindustan Unilever Balance Sheet, Hindustan Unilever Financial Statement & Accounts

If we conclude that a material uncertainty exists, we are required to draw attention in rreport auditor”s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify the opinion. 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 unikever financial statements were operating effectively as at 31 Marchbased on the unllever 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.

Accordingly, paragraph 3 viii of the Order is not applicable to the Company. Accordingly, paragraph 3 xiv of the Order is not applicable to the Company.

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. We believe that the unileveg evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the standalone Ind AS financial statements.

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 to an audit of Internal Financial Controls and, both issued by the ICAI.

In our opinion, the frequency of such verification is reasonable. We have audited the internal financial controls with reference to financial statements of Hindustan Unilever Limited the Company as of 31 March in conjunction with our audit of hlndustan standalone Ind AS financial statements of the Company for the year ended on that date.

Related Posts  BUSINESS DRIVEN TECHNOLOGY BALTZAN 5TH EDITION PDF

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

As required by the Companies Auditor”s Report Order, the Orderissued by the Central Government in terms of Section 11 of the Act, we give unileve Annexure A a statement on the matters specified in paragraphs 3 and 4 of the Order. Our responsibility is to express an opinion on these annuzl Ind AS financial statements based on our audit. In accordance with this programme, a portion of the fixed assets has been physically verified by the management during the year and no material discrepancies have been uniilever on such verification.

Because of the inherent limitations of internal financial controls with reference to financial statements, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected.

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, duty 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.

The details of such related party transactions have been disclosed in the standalone Ind AS financial statements as required by applicable Indian Accounting Standards. There has been no 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 to 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 to permit preparation of financial 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 prevention or timely detection of unauthorized acquisition, use, or disposition of the company”s assets that could have a material effect on the financial statements.

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.

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.