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May 2008

Abbott India Ltd. — (30-11-2007)

By Himanshu V. Kishnadwala, Chartered Accountant
Reading Time 1 mins

New Page 1ABBOTT INDIA LTD. — (30-11-2007)

From Schedules :

A. Current Liabilities :

  Rupees in millions As at 30-11-2006 Rupees in millions

Sundry Creditors :

Due to Micro & Small Enterprises (Refer Note B 27 — Schedule 16)

— —
Others† 308.4 286.6

† Previous year includes an amount of Rs.36.7 million due to small-scale industrial undertakings.

From Notes to Accounts :

(a) An amount of Rs.4.4 million and Nil was due and outstanding to suppliers as at the end of the accounting year on account of Principal and Interest, respectively.

(b) No interest was paid during the year.

(c) No interest is payable at the end of the year other than interest under the Micro, Small and Medium Enterprises Development Act, 2006.

(d) No amount of interest was accrued and unpaid at the end of the accounting year.

The above information and that given in Schedule 10 — ‘Current Liabilities and Provisions’ regarding Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company. This has been relied upon by the auditors.

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