balance sheet 2013 - 1 jan 2012 - 31-march 2013

Metro Cash And Carry India Private LimitedStandalone Balance Sheet for period 01/01/2012 to 31/03/2013

[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Millions of INR01/01/2012

to 31/03/2013

01/01/2011 to

31/12/2011

Name of company Metro Cash And Carry India Private Limited

Corporate identity number U51909KA2001PTC028483

Permanent account number of entity AACCM4684P

Address of registered office of company

# 2 6 / 3 , I n d u s t r i a l Suburbsward #9, A Block, , Subramanyanagar , Bangalore , KARNATAKA , INDIA - 560055

Type of industry C o m m e r c i a l a n d Industrial

Date of board meeting when final accounts were approved 20/09/2013

Period covered by financial statements 15 MONTHS

Date of start of reporting period 01/01/2012 01/01/2011

Date of end of reporting period 31/03/2013 31/12/2011

Nature of report standalone consolidated Standalone

Content of report Balance Sheet

Description of presentation currency INR

Level of rounding used in financial statements Millions

Type of cash flow statement Indirect Method

[400400] Disclosures - Directors report

Details of directors signing board report [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRDirectors signing board report [Axis] 1

01/01/2012 to

31/03/2013 Details of signatories of board report [Abstract] Details of directors signing board report [LineItems] Name of director signing board report [Abstract] First name of director RAJEEV

Last name of director BAKSHI

Designation of director Chairman CumManaging Director

Director identification number of director 00044621

Date of signing board report 20/09/2013

2

Metro Cash And Carry India Private Limited Standalone Balance Sheet for period 01/01/2012 to 31/03/2013


to 31/03/2013

Disclosure in board of directors report explanatory [TextBlock] Textual information (1) [See below]

Details regarding energy conservation Textual information (2) [See below]

Details regarding technology absorption Textual information (3) [See below]

Details regarding foreign exchange earnings and outgo Textual information (4) [See below]

Particulars of employees as per provisions of section 217 Textual information (5) [See below]

Disclosures in director?s responsibility statement Textual information (6) [See below]

Director's comments on qualification(s), reservation(s) or adverse remark(s) of auditors as per board's report

Textual information (7) [See below]

3


Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

DIRECTOR?S REPORT

Dear Members,

Your Directors have pleasure in presenting herewith the Twelfth Annual Report together with the Audited Accounts of the Company for the yearended 31st March, 2013.

Operational Performance and Future Outlook

During the year under consideration, the performance of the Company has shown considerable improvement. During the year the Company didnot face any new challenges to the Company?s business model / operations. The year ahead promises an improved performance especially with the healthy sales pipeline. The company is confident of increasing the turnover in the coming years.

Financial Results Amount in Rs. Million

Particulars 31-Mar-13 31-Dec-11

Net Sales 31514.42 16248.15

Other Income 140.58 527.99

Total Expenditure 34407.31 17427.02

Loss before Depreciation, Tax & Exceptional Items (2752.91) (650.89)

Depreciation (451.89) (237.66)

Exceptional Items

Loss before Taxation (3204.20) (888.54)

Provision for Taxation 0 0

Net Loss (3204.20) (888.54)

Dividend

No dividend is recommended by the Board so as to conserve the resources for future expansion of business.

Share Capital

During the year under review, the Authorized Share Capital of the Company was increased from 10,000 million to 15,000 million. The Company allotted 75,000,000 equity shares of Rs. 10 each each to its holding company-METRO Cash and Carry International GmbH on 6th March 2012 ata premium of Rs. 10 and 125,000,000 equity shares of Rs. 10 each on 7 August 2012 at a premium of Rs. 10.th

Directors

During the year under review, Mr. Alok Mehta, Director-Human Resources and Mr. Bouzeneth Benouda, Director- Offer Management resignedfrom the Company. The Board puts on record its sincere appreciation for the services rendered by Mr. Alok Mehta and Mr. Bouzeneth Benoudaduring their respective tenure as Directors of the Company. Further during the year under review, Ms. Saagarika Ghoshal- Director-HumanResources has been appointed as Additional Director on the Board. The Board recommends her appointment as regular Director.

4


Auditors Report

The report of the Auditors is annexed along with the financial statements of the Company. With regard to the reservations / qualifications /adverse remarks contained in the Auditors? Report, the Board of Directors hereby explain the same as under, for each of the relevant paragraphsin the Auditors? Report:

1. Clause 10 of the Annexure to the Audit Report ? The Company is in a business which has long gestation period and profits start coming in onlyafter the Company has achieved reasonable footprint. With the Company getting into speedy expansion mode and the targeted increase in the footprint, it expects the situation to improve in near future.

Particulars of Employees

In terms of provisions of Section 217 (2)(A) of the Companies Act, 1956, read with Companies (Particulars of Employees) Rules, 1975, thenames and particulars of employees are set out in the section. Annexure to Directors? report

Conservation of Energy, Research and Development, Technology Absorption.etc.

The particulars as prescribed under Sub-section (1)(e) of Section 217 of the Companies Act,1956, read with the Companies (Disclosure of particulars in the report of the Board of Directors) Rules 1988, are provided in the section as Annexure ?B?. Annexure to the Directors? report

Auditors

The Auditors, M/s. B S R R & Co., Chartered Accountants retire at the ensuing Annual General Meeting of the Company and are eligible forre-appointment.

Director?s Responsibility Statement

The Directors confirm that :

5


- in the preparation of the annual accounts, the applicable accounting standards have been followed;

- the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable andprudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit or loss of theCompany for that period.

- Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of theCompanies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

- The annual accounts have been prepared on a going concern basis.

Acknowledgements and Appreciation

Your Directors wish to place on record their sincere thanks to the Board of METRO Group, Germany for their support and confidence placed onthe Company. Your Directors wish to take this opportunity to thank employees at all levels for their enthusiasm, hard work, dedication andcommitment extended towards ensuring the successful operations of the Company. The Board also appreciates the support and co-operationreceived from suppliers, bankers, service providers and trading partners, who have reciprocated towards ensuring smooth operations of theCompany.

For and on behalf of the Board

Rajeev Bakshi

Chairman cum Managing Director

Bangalore

20 September, 2013th

Annexure to the Directors? Report

Annexure ?B?

Statement of Particulars under the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules 1988.

6


(A) Conservation of Energy

1. Energy Conservation measures undertaken:

The Company?s operations involve low energy consumption and there are no major areas where energy conservation could be considered viable.

2. Additional investments and proposals, if any, being implemented for reduction of consumption of energy:

Exploring use of non-conventional energy sources.

3. Impact of the measures at (1) and (2) above for reduction of energy consumption and consequent impact on the cost of production of goods

- Not Applicable -

(B) Technology Absorption 1) Research & Development

Specific areas in which R & D carried out by the Company. NONE

Benefits derived as a result of the above R & D. N.A.

Future plan of action. NIL

Expenditure on R & D:

i) Capital NIL

ii) Recurring NIL

iii) Total NIL

iv) Total R & D expenditure as a percentage of total turnover NIL

2) Technology absorption, adaptation and innovation

Efforts, in brief, made towards technology absorption, adaptation and innovation. NIL

Benefits derived as a result of above efforts. N.A.

In case of imported technology (imported during last 5 years

reckoned from the beginning of the financial year).

The Company has not imported any technology.

(C) Foreign Exchange earnings and Outgo

During the year under review, the Company had used foreign exchange amounting to Rs. 712.36 Million (including Rs. 415.35 Million towardstravel expenses, consultation fee, royalty etc on cash basis).

7



Details regarding energy conservation

Conservation of Energy

1. Energy Conservation measures undertaken:

The Company?s operations involve low energy consumption and there are no major areas where energy conservation could be considered viable.

2. Additional investments and proposals, if any, being implemented for reduction of consumption of energy:

Exploring use of non-conventional energy sources.

3. Impact of the measures at (1) and (2) above for reduction of energy consumption and consequent impact on the cost of production of goods

- Not Applicable -


Details regarding technology absorption Technology Absorption 1) Research & Development

Specific areas in which R & D carried out by the Company. NONE

Benefits derived as a result of the above R & D. N.A.

Future plan of action. NIL

Expenditure on R & D:

i) Capital NIL

ii) Recurring NIL

iii) Total NIL

iv) Total R & D expenditure as a percentage of total turnover NIL

2) Technology absorption, adaptation and innovation

Efforts, in brief, made towards technology absorption, adaptation and innovation. NIL

Benefits derived as a result of above efforts. N.A.

In case of imported technology (imported during last 5 years

reckoned from the beginning of the financial year).

The Company has not imported any technology.


Details regarding foreign exchange earnings and outgoForeign Exchange earnings and Outgo

During the year under review, the Company had used foreign exchange amounting to Rs. 712.36 Million (including Rs. 415.35 Million towardstravel expenses, consultation fee, royalty etc on cash basis).

8



Particulars of employees as per provisions of section 217

Particulars of Employees In terms of provisions of Section 217 (2)(A) of the Companies Act, 1956, read with Companies (Particulars of Employees) Rules, 1975, thenames and particulars of employees are set out in the section. Annexure to Directors? report


Disclosures in director?s responsibility statementDirector?s Responsibility Statement

The Directors confirm that :

- in the preparation of the annual accounts, the applicable accounting standards have been followed;

- the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable andprudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit or loss of theCompany for that period.

- Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of theCompanies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

- The annual accounts have been prepared on a going concern basis.


Director's comments on qualification(s), reservation(s) or adverse remark(s) of auditors as per board's reportWith regard to the reservations / qualifications / adverse remarks contained in the Auditors? Report, the Board of Directors hereby explain thesame as under, for each of the relevant paragraphs in the Auditors? Report:

1. Clause 10 of the Annexure to the Audit Report ? The Company is in a business which has long gestation period and profits start coming in onlyafter the Company has achieved reasonable footprint. With the Company getting into speedy expansion mode and the targeted increase in the footprint, it expects the situation to improve in near future

9


[400200] Disclosures - Auditors report

Details regarding auditors [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRAuditors [Axis] 1

01/01/2012 to

31/03/2013 Details regarding auditors [Abstract] Details regarding auditors [LineItems] Category of auditor Auditors firm

Name of audit firm B S R R & Co

Name of auditor signing report Supreet Sachdev

Firms registration number of audit firm 130791W

Membership number of auditor 205385

Address of auditors

B S R R & Co,Maruti Info-TechCentre, 11-12/1Koramangala InnerRing Road,Bangalore 560 071

Permanent account number of auditor or auditor's firm AAKFB1884H

SRN of form 23B S20445904

Date of signing audit report by auditors 20/09/2013

Date of signing of balance sheet by auditors 20/09/2013

10


Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR

Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis]Auditor's favourable

remark [Member]

Clause notapplicable[Member]

01/01/2012 to

31/03/2013

01/01/2012 to

31/03/2013 Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Abstract] Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [LineItems]

Disclosure in auditors report relating to fixed assets Textual information (8)[See below]

Disclosure relating to quantitative details of fixed assets

The Company hasmaintained properrecords showing fullparticulars, includingquantitative details andsituation of fixeda s s e t s .

Disclosure relating to physical verification and material discrepancies of fixed assets

Textual information (9)[See below]

Disclosure relating to fixed assets disposed off

Fixed assets disposedoff during the periodwere not substantial,and therefore, do notaffect the goingconcern assumption.

Disclosure in auditors report relating to inventories Textual information(10) [See below]

Disclosure of physical verification of inventories at fixed intervals

The inventory, exceptgoods-in-transit, hasbeen physicallyverified by themanagement during theperiod. In our opinion,the frequency of suchverification isreasonable.

Disclosure of procedure followed for physical verification of inventories

The procedures for thephysical verification ofinventories followed bythe management arereasonable andadequate in relation tothe size of theCompany and thenature of its business.

Disclosure about maintenance of inventory records and material discrepancies

The Company ismaintaining properrecords of inventory. The discrepanciesnoticed on verificationbetween the physicalstock and the bookrecords were notmaterial.

Disclosure in auditors report relating to loans Textual information(11) [See below]

Disclosure about loans granted or taken by parties covered under section 301 of companies act

Paragraph 4 (iii) ofthe Order is notapplicable

Disclosure regarding terms and conditions of loans granted or taken Paragraph 4 (iii) ofthe Order is notapplicable

Disclosure regarding terms of payment of loans granted or taken Paragraph 4 (iii) ofthe Order is notapplicable

Disclosure regarding terms of recovery of loans granted or taken Paragraph 4 (iii) ofthe Order is notapplicable

Disclosure in auditors report relating to internal control system Textual information(12) [See below]

Disclosure in auditors report relating to contracts and arrangements under section 301 of companies act

Textual information(13) [See below]

11


Disclosure relating to presence of register for necessary transactions Textual information(14) [See below]

Disclosure relating to reasonability of transactions Textual information(15) [See below]

Disclosure in auditors report relating to deposits accepted from public

The Company has notaccepted any depositsfrom the public.

Disclosure in auditors report relating to companies internal audit system

In our opinion, theCompany has aninternal audit systemcommensurate with thesize and nature of itsbusiness.

Disclosure in auditors report relating to maintenance of cost records Textual information(16) [See below]

Disclosure in auditors report relating to statutory dues Textual information(17) [See below]

Disclosure relating to regularity in payment of undisputed statutory dues Textual information(18) [See below]

Disclosure relating to disputed statutory dues Textual information(19) [See below]

Disclosure in auditors report relating to accumulated losses Textual information(20) [See below]

Disclosure in auditors report relating to default in repayment of financial dues Textual information(21) [See below]

Disclosure in auditors report relating to loans and advances granted by way of pledge of shares debentures and other securities

The Company has notgranted loans andadvances on the basisof security by way ofpledge of shares,debentures and othersecurities.

Disclosure in auditors report relating to provisions under special statute

In our opinion andaccording to theinformation andexplanations givento us, the Companyis not a chit fund /nidhi/ mutual benefitfund/ society.

Disclosure in auditors report relating to adequacy of records maintained by share trading companies

According to theinformation andexplanations given tous, the Company is notdealing or trading inshares, securities,debentures and otherinvestments.

Disclosure in auditors report relating to guarantee given

According to theinformation andexplanations given tous, the Company hasnot given any guaranteefor loans taken byothers from banks orfinancial institutions.

Disclosure in auditors report relating to term loans used for purpose other than for purpose they were raised

In our opinion andaccording to theinformation andexplanations given tous, the term loans takenby the Company havebeen applied for thepurpose for which theywere raised.

Disclosure in auditors report relating to nature and amount of fund raised for short-term has been used for long-term or vice versa

Textual information(22) [See below]

Disclosure in auditors report relating to preferential allotment of shares

The Company has notmade any preferentialallotment of shares tocompanies/firms/partiescovered in the registerrequired to bemaintained undersection 301 of the Act.

Disclosure in auditors report relating to securities created against debentures issued

The Company did nothave any outstandingdebentures during theperiod

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Disclosure in auditors report relating to purpose and end use of money raised through public issues

The Company has notraised any money bypublic issues.

Disclosure in auditors report relating to any material fraud reported during period

According toinformation andexplanation given to us,no material fraud on orby the Company hasbeen noticed orreported during thecourse of our audit.


to 31/03/2013

Disclosure in auditor?s report explanatory [TextBlock] Textual information (23) [See below]

Whether companies auditors report order is applicable on company Yes

Whether auditors' report has been qualified or has any reservations or contains adverse remarks

No


Disclosure in auditors report relating to fixed assets (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets.

(b) The Company has a regular programme of physical verification of its fixed assets by which all fixed assets are verified in a phased mannerover a period of three years. In our opinion, this periodicity of physical verification is reasonable having regard to the size of the Company andthe nature of its assets. In accordance with this programme, certain fixed assets were verified during the period and no material discrepancies werenoticed on such verification.

(c) Fixed assets disposed off during the period were not substantial, and therefore, do not affect the going concern assumption.


Disclosure relating to physical verification and material discrepancies of fixed assetsThe Company has a regular programme of physical verification of its fixed assets by which all fixed assets are verified in a phased manner over aperiod of three years. In our opinion, this periodicity of physical verification is reasonable having regard to the size of the Company and thenature of its assets. In accordance with this programme, certain fixed assets were verified during the period and no material discrepancies werenoticed on such verification.


Disclosure in auditors report relating to inventories(a)The inventory, except goods-in-transit, has been physically verified by the management during the period. In our opinion, the frequency ofsuch verification is reasonable.

(b)The procedures for the physical verification of inventories followed by the management are reasonable and adequate in relation to the size ofthe Company and the nature of its business.

(c)The Company is maintaining proper records of inventory. The discrepancies noticed on verification between the physical stock and the bookrecords were not material.


Disclosure in auditors report relating to loansAccording to the information and explanations given to us, we are of the opinion that there are no companies, firms or other parties covered in theregister required under Section 301 of the Companies Act, 1956. Accordingly, paragraph 4 (iii) of the Order is not applicable.

13



Disclosure in auditors report relating to internal control systemIn our opinion and according to the information and explanations given to us, and having regard to the explanation that purchases of certain itemsof inventories and fixed assets are for the Company?s specialised requirements and suitable alternative sources are not available to obtaincomparable quotations, there is an adequate internal control system commensurate with the size of the Company and the nature of its businesswith regard to purchase of inventories and fixed assets and with regard to the sale of goods and services. We have not observed any majorweaknesses in internal control system during the course of the audit


Disclosure in auditors report relating to contracts and arrangements under section 301 of companies actIn our opinion, and according to the information and explanations given to us, there are no contracts and arrangements the particulars of whichneed to be entered into the register maintained under section 301 of the Companies Act, 1956


Disclosure relating to presence of register for necessary transactionsIn our opinion, and according to the information and explanations given to us, there are no contracts and arrangements the particulars of whichneed to be entered into the register maintained under section 301 of the Companies Act, 1956


Disclosure relating to reasonability of transactionsIn our opinion, and according to the information and explanations given to us, there are no contracts and arrangements the particulars of whichneed to be entered into the register maintained under section 301 of the Companies Act, 1956


Disclosure in auditors report relating to maintenance of cost recordsThe Central Government has not prescribed the maintenance of cost records under section 209(1)(d) of the Companies Act, 1956 for any of theproducts traded/services rendered by the Company.

14



Disclosure in auditors report relating to statutory dues

(a) According to the information and explanations given to us and on the basis of our examination of the records of the Company, amountsdeducted/accrued in the books of account in respect of undisputed statutory dues including Provident Fund, Employees? State Insurance,Income-tax, Sales-tax, Wealth tax, Service tax, Professional tax, Cess and other material statutory dues have generally been regularly depositedwith the appropriate authorities though there has been a slight delay in a few cases. As explained to us, the Company did not have any dues onaccount of Investor Education and Protection Fund, Customs duty and Excise duty.

According to the information and explanations given to us, no undisputed amounts payable in respect of Provident Fund, Employees? StateInsurance, Income-tax, Sales-tax, Wealth tax, Service tax, Professional tax, Cess and other material statutory dues were in arrears as at 31March2013 for a period of more than six months from the date they became payable.

(b) According to the information and explanations given to us, there are no dues in respect of Income-tax, Wealth-tax and Service-tax which havenot been deposited with the appropriate authorities on account of any dispute. According to the information and explanations given to us, the following dues of Sales ?tax have not been deposited by the Company on accountof dispute:

Name of the Statute Nature of the DuesAmount(Rs)

Period to which the amountrelates

Forum where dispute is pending

Karnataka Value Added Tax,2003

Sales-tax, interest and penaltythereon

17,739,255* June 2005 to March 2006 Joint Commissioner, Appeals,Bangalore



1,431,104* April 2006 to March 2007Joint Commissioner, Appeals,Bangalore



3,224,261* April 2007 to March 2008 Joint Commissioner, Appeals,Bangalore

* net of payment


Disclosure relating to regularity in payment of undisputed statutory duesAccording to the information and explanations given to us and on the basis of our examination of the records of the Company, amountsdeducted/accrued in the books of account in respect of undisputed statutory dues including Provident Fund, Employees? State Insurance,Income-tax, Sales-tax, Wealth tax, Service tax, Professional tax, Cess and other material statutory dues have generally been regularly depositedwith the appropriate authorities though there has been a slight delay in a few cases. As explained to us, the Company did not have any dues onaccount of Investor Education and Protection Fund, Customs duty and Excise duty.


15



Disclosure relating to disputed statutory dues

According to the information and explanations given to us, there are no dues in respect of Income-tax, Wealth-tax and Service-tax which have notbeen deposited with the appropriate authorities on account of any dispute. According to the information and explanations given to us, the following dues of Sales ?tax have not been deposited by the Company on accountof dispute:

Name of the Statute Nature of the Dues Amount(Rs)





17,739,255* June 2005 to March 2006Joint Commissioner, Appeals,Bangalore






3,224,261* April 2007 to March 2008Joint Commissioner, Appeals,Bangalore

* net of payment


Disclosure in auditors report relating to accumulated lossesThe Company?s accumulated losses at the end of the financial period are greater than fifty percent of its net worth. It has incurred cash losses inthe financial period and in the immediately preceding financial year.


Disclosure in auditors report relating to default in repayment of financial duesIn our opinion and according to the information and explanations given to us, the Company has not defaulted in repayment of dues to its bankers.The Company did not have any outstanding debentures or dues to financial institutions during the period


Disclosure in auditors report relating to nature and amount of fund raised for short-term has been used for long-termor vice versa

According to the information and explanations given to us and on an overall examination of the balance sheet of the Company, we are of theopinion that the funds raised on short-term basis have not been used for long-term investment.

16



Disclosure in auditor?s report explanatory [Text Block]

Independent Auditor?s Report To the members of Metro Cash & Carry India Private Limited

Report on the Financial Statements

We have audited the accompanying financial statements of Metro Cash & Carry India Private Limited (?the Company?), which comprise thebalance sheet as at 31 March 2013, the statement of profit and loss and the cash flow statement for the period from 1 January 2012 to 31 March2013 (the period) then ended and a summary of significant accounting policies and other explanatory information.

Management?s Responsibility for the Financial Statements

Management is responsible for the preparation of these financial statements that give a true and fair view of the financial position, financialperformance and cash flows of the Company in accordance with the Accounting Standards referred to in sub-section (3C) of section 211 of theCompanies Act, 1956 (?the Act?). This responsibility includes the design, implementation and maintenance of internal control relevant to thepreparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due tofraud or error.

Auditor?s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with theStandards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from materialmisstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The proceduresselected depend on the auditor?s judgment, including the assessment of the risks of material misstatement of the financial statements, whether dueto fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company?s preparation and fairpresentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includesevaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well asevaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion In our opinion and to the best of our information and according to the explanations given to us, the financial statements give the informationrequired by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted inIndia:

(a) in the case of the balance sheet, of the state of affairs of the Company as at 31 March 2013;

(b) in the case of the statement of profit and loss, of the loss for the period from 1 January 2012 to 31 March 2013 (the period) ended on that date;and

(c) in the case of the cash flow statement, of the cash flows for the period from 1 January 2012 to 31 March 2013 (the period) ended on that date.

Report on Other Legal and Regulatory Requirements

1.As required by the Companies (Auditor?s Report) Order, 2003 (?the Order?), as amended, issued by the Central Government of India in termsof sub-section (4A) of section 227 of the Act, we give in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the Order.

2.As required by section 227(3) of the Act, we report that: (i) we have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of ouraudit; (ii) in our opinion proper books of account as required by law have been kept by the Company so far as appears from our examination of thosebooks; (iii) the balance sheet, statement of profit and loss and the cash flow statement dealt with by this Report are in agreement with the books ofaccount; (iv) in our opinion, the balance sheet, statement of profit and loss and cash flow statement comply with the Accounting Standards referred to insubsection (3C) of section 211 of the Act; and (v) on the basis of written representations received from the directors as on 31 March 2013, and taken on record by the Board of Directors, noneof the directors is disqualified as on 31 March 2013, from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of

17


the Act.

for B S R R & Co.

Chartered Accountants

Firm registration No. 130791W

Supreet Sachdev

Partner

Membership No. 205385

Bangalore

September 20, 2013

ANNEXURE TO THE AUDITORS' REPORT

The Annexure referred to in the Auditors? Report to the members of Metro Cash & Carry India Private Limited (the ?Company?) for the periodfrom 1 January 2012 to 31 March 2013 (the period)ended 31 March 2013. We report that:

1. (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets.

(b) The Company has a regular programme of physical verification of its fixed assets by which all fixed assets are verified in a phased mannerover a period of three years. In our opinion, this periodicity of physical verification is reasonable having regard to the size of the Company andthe nature of its assets. In accordance with this programme, certain fixed assets were verified during the period and no material discrepancies werenoticed on such verification.

(c) Fixed assets disposed off during the period were not substantial, and therefore, do not affect the going concern assumption.

2.(a)The inventory, except goods-in-transit, has been physically verified by the management during the period. In our opinion, the frequency ofsuch verification is reasonable.

(b)The procedures for the physical verification of inventories followed by the management are reasonable and adequate in relation to the size ofthe Company and the nature of its business.

(c)The Company is maintaining proper records of inventory. The discrepancies noticed on verification between the physical stock and the bookrecords were not material.

3. According to the information and explanations given to us, we are of the opinion that there are no companies, firms or other parties covered inthe register required under Section 301 of the Companies Act, 1956. Accordingly, paragraph 4 (iii) of the Order is not applicable.

4. In our opinion and according to the information and explanations given to us, and having regard to the explanation that purchases of certainitems of inventories and fixed assets are for the Company?s specialised requirements and suitable alternative sources are not available to obtaincomparable quotations, there is an adequate internal control system commensurate with the size of the Company and the nature of its businesswith regard to purchase of inventories and fixed assets and with regard to the sale of goods and services. We have not observed any majorweaknesses in internal control system during the course of the audit.

5. In our opinion, and according to the information and explanations given to us, there are no contracts and arrangements the particulars of whichneed to be entered into the register maintained under section 301 of the Companies Act, 1956.

6. The Company has not accepted any deposits from the public.

7. In our opinion, the Company has an internal audit system commensurate with the size and nature of its business.

8. The Central Government has not prescribed the maintenance of cost records under section 209(1)(d) of the Companies Act, 1956 for any of theproducts traded/services rendered by the Company.

9. (a) According to the information and explanations given to us and on the basis of our examination of the records of the Company, amountsdeducted/accrued in the books of account in respect of undisputed statutory dues including Provident Fund, Employees? State Insurance,Income-tax, Sales-tax, Wealth tax, Service tax, Professional tax, Cess and other material statutory dues have generally been regularly depositedwith the appropriate authorities though there has been a slight delay in a few cases. As explained to us, the Company did not have any dues onaccount of Investor Education and Protection Fund, Customs duty and Excise duty.

18



(b) According to the information and explanations given to us, there are no dues in respect of Income-tax, Wealth-tax and Service-tax which havenot been deposited with the appropriate authorities on account of any dispute. According to the information and explanations given to us, the following dues of Sales ?tax have not been deposited by the Company on accountof dispute:

Name of the Statute Nature of the DuesAmount(Rs)





17,739,255* June 2005 to March 2006 Joint Commissioner, Appeals,Bangalore







* net of payment

10. The Company?s accumulated losses at the end of the financial period are greater than fifty percent of its net worth. It has incurred cash lossesin the financial period and in the immediately preceding financial year.

11. In our opinion and according to the information and explanations given to us, the Company has not defaulted in repayment of dues to itsbankers. The Company did not have any outstanding debentures or dues to financial institutions during the period.

12. The Company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities.

13. In our opinion and according to the information and explanations given to us, the Company is not a chit fund / nidhi/ mutual benefit fund/society.

14. According to the information and explanations given to us, the Company is not dealing or trading in shares, securities, debentures and otherinvestments.

15. According to the information and explanations given to us, the Company has not given any guarantee for loans taken by others from banks orfinancial institutions.

16. In our opinion and according to the information and explanations given to us, the term loans taken by the Company have been applied for thepurpose for which they were raised.

17. According to the information and explanations given to us and on an overall examination of the balance sheet of the Company, we are of theopinion that the funds raised on short-term basis have not been used for long-term investment.

18. The Company has not made any preferential allotment of shares to companies/firms/parties covered in the register required to be maintainedunder section 301 of the Act.

19. The Company did not have any outstanding debentures during the period.

20. The Company has not raised any money by public issues.

21. According to information and explanation given to us, no material fraud on or by the Company has been noticed or reported during the courseof our audit.

for B S R R & Co.

Chartered Accountants

Firm registration No. 130791W

Supreet Sachdev

Partner

Membership No. 205385

Bangalore

September 20, 2013

19


[100100] Balance sheet

Unless otherwise specified, all monetary values are in Millions of INR31/03/2013 31/12/2011

Balance sheet [Abstract] Equity and liabilities [Abstract] Shareholders' funds [Abstract] Share capital 10,206.31 8,206.31

Reserves and surplus -5,158.7 -3,954.5

Total shareholders' funds 5,047.61 4,251.81

Share application money pending allotment (A) 2,500(B) 0

Non-current liabilities [Abstract] Long-term borrowings 2,826.01 3,050

Other long-term liabilities 199.38 94.26

Long-term provisions 93.4 62.83

Total non-current liabilities 3,118.79 3,207.09

Current liabilities [Abstract] Short-term borrowings 950 900

Trade payables (C) 2,176.85 (D) 1,303.16

Other current liabilities 1,221.18 1,712.05

Short-term provisions 29.8 23.33

Total current liabilities 4,377.83 3,938.54

Total equity and liabilities 15,044.23 11,397.44

Assets [Abstract] Non-current assets [Abstract] Fixed assets [Abstract] Tangible assets 9,491.78 8,430.74

Intangible assets 6.79 9.43

Tangible assets capital work-in-progress 93.25 205.56

Total fixed assets 9,591.82 8,645.73

Non-current investments 0 0

Long-term loans and advances 560.89 243.08

Other non-current assets 6.28 6.28

Total non-current assets 10,158.99 8,895.09

Current assets [Abstract] Current investments 0 0

Inventories 2,308.87 1,083.07

Trade receivables 129.9 64.02

Cash and bank balances 1,979.55 1,133.26

Short-term loans and advances 466.81 209.67

Other current assets 0.11 12.33

Total current assets 4,885.24 2,502.35

Total assets 15,044.23 11,397.44

Footnotes (A) Advance against share capital (share application money) : 2500

(B) Advance against share capital (share application money) : 0

(C) Due to micro, small and medium enterprises (refer note 34) : 6.93 Trade payables : 2169.92 * includes vendor financing done byHSBC amounting to Rs 63.54 million

(D) Due to micro, small and medium enterprises (refer note 34) : 3.19 Trade payables : 1299.97

20


[400300] Disclosures - Signatories of balance sheet

Details of directors signing balance sheet [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRDirectors signing balance sheet [Axis] 1 2

01/01/2012 to

31/03/2013

01/01/2012 to

31/03/2013Details of signatories of balance sheet [Abstract] Details of directors signing balance sheet [Abstract] Details of directors signing balance sheet [LineItems] Name of director signing balance sheet [Abstract] First name of director RAJEEV VENKATESH

Middle name of director LAKSHMINARAYANAN

Last name of director BAKSHI TARAKKAD

Designation of director Managing Director Director

Director identification number of director 00044621 03617181

Date of signing of balance sheet by director 20/09/2013 20/09/2013


to 31/03/2013

Name of company secretary Mookambika R

Permanent account number of company secretary AXKPM7413L

21


[100400] Cash flow statement, indirect


to 31/03/2013

01/01/2011 to

31/12/201131/12/2010

Statement of cash flows [Abstract] Cash flows from used in operating activities [Abstract] Profit before extraordinary items and tax -3,204.2 -888.54

Adjustments for reconcile profit (loss) [Abstract] Adjustments to profit (loss) [Abstract]

Adjustments for finance costs (A) 588.43 (B) 300.16

Adjustments for depreciation and amortisation expense 451.89 237.66

Adjustments for unrealised foreign exchange losses gains -0.09 0.16

Other adjustments for which cash effects are investing or financing cash flow (C) -56.77 (D) -20.89

Other adjustments for non-cash items (E) -2.64 (F) -10.07

Total adjustments to profit (loss) 980.82 507.02

Adjustments for working capital [Abstract] Adjustments for decrease (increase) in inventories -1,225.8 -528.58

Adjustments for decrease (increase) in trade receivables -70.34 -24.35

Adjustments for decrease (increase) in other current and non-current assets

-577.34 -102.8

Adjustments for increase (decrease) in other current and non-current liabilities

1,209.49 767.17

Total adjustments for working capital -663.99 111.44

Total adjustments for reconcile profit (loss) 316.83 618.46

Net cash flows from (used in) operations -2,887.37 -270.08

Income taxes (paid) refund 2.46 -28.94

Net cash flows from (used in) operating activities before extraordinary items

-2,889.83 -241.14

Net cash flows from (used in) operating activities -2,889.83 -241.14

Cash flows from used in investing activities [Abstract] Proceeds from sales of tangible assets 13.78 16.11

Purchase of tangible assets 1,467.91 977.14

Interest received 60.77 -10.06

Net cash flows from (used in) investing activities before extraordinary items

-1,393.36 -971.09

Net cash flows from (used in) investing activities -1,393.36 -971.09

Cash flows from used in financing activities [Abstract]

Proceeds from issuing shares (G) 6,500(H) 0

Proceeds from borrowings 385.68 2,897.13

Repayments of borrowings 1,174.29 600

Interest paid 581.91 312.34

Net cash flows from (used in) financing activities before extraordinary items

5,129.48 1,984.79

Net cash flows from (used in) financing activities 5,129.48 1,984.79

Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes

846.29 772.56

Net increase (decrease) in cash and cash equivalents 846.29 772.56

Cash and cash equivalents cash flow statement at end of period 1,978.76 1,132.47 359.91

22


Footnotes (A) Interest expense : 588.43

(B) Interest expense : 300.16

(C) (Profit)/Loss on sale of fixed assets : -8.22 Interest income : -48.55

(D) (Profit)/Loss on sale of fixed assets : 1.49 Interest income : -22.38

(E) Provision for doubtful debts / advances : -2.64

(F) Provision for doubtful debts / advances : -10.07

(G) Proceeds from issue of equity shares : 4000 Proceeds from share application money : 2500

(H) Proceeds from issue of equity shares : 0 Proceeds from share application money : 0

23


[200100] Notes - Share capital

Disclosure of classes of share capital [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRClasses of share capital [Axis] Share capital [Member] Equity shares [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011 Disclosure of classes of share capital [Abstract] Disclosure of classes of share capital [LineItems]

Number of shares authorised [shares] 150,00,00,000[shares]

100,00,00,000[shares] 150,00,00,000

[shares]100,00,00,000

Value of shares authorised 15,000 10,000 15,000 10,000

Number of shares issued [shares] 102,06,31,385[shares]

82,06,31,385[shares] 102,06,31,385

[shares]82,06,31,385

Value of shares issued 10,206.31 8,206.31 10,206.31 8,206.31

Number of shares subscribed and fully paid [shares] 102,06,31,385[shares]

82,06,31,385[shares] 102,06,31,385

[shares]82,06,31,385

Value of shares subscribed and fully paid 10,206.31 8,206.31 10,206.31 8,206.31

Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0

Value of shares subscribed but not fully paid 0 0 0 0

Total number of shares subscribed [shares] 102,06,31,385[shares]

82,06,31,385[shares] 102,06,31,385

[shares]82,06,31,385

Total value of shares subscribed 10,206.31 8,206.31 10,206.31 8,206.31

Value of shares paid-up [Abstract]

Number of shares paid-up [shares] 102,06,31,385[shares]

82,06,31,385[shares] 102,06,31,385

[shares]82,06,31,385

Value of shares called 10,206.31 8,206.31 10,206.31 8,206.31

Calls unpaid [Abstract] Calls unpaid by directors and officers [Abstract] Calls unpaid by directors 0 0 0 0

Calls unpaid by officers 0 0 0 0

Total calls unpaid by directors and officers

0 0 0 0

Calls unpaid by others 0 0 0 0

Total calls unpaid 0 0 0 0

Forfeited shares 0 0 0 0

Forfeited shares reissued 0 0 0 0

Value of shares paid-up 10,206.31 8,206.31 10,206.31 8,206.31

Reconciliation of number of shares outstanding [Abstract] Changes in number of shares outstanding [Abstract] Increase in number of shares outstanding [Abstract] Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares issued in private placement

[shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares issued as preferential allotment


Number of shares allotted for contracts without payment received in cash


Number of shares issued under scheme of amalgamation


Number of other issues of shares [shares] 20,00,00,000 [shares] 0 [shares] 20,00,00,000 [shares] 0

Number of shares arising out of conversion of securities


Total aggregate number of shares issued during period

[shares] 20,00,00,000 [shares] 0 [shares] 20,00,00,000 [shares] 0

Decrease in number of shares during period [Abstract]

24


Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0

Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0

Total decrease in number of shares during period


Total increase (decrease) in number of shares outstanding

[shares] 20,00,00,000 [shares] 0 [shares] 20,00,00,000 [shares] 0

Number of shares outstanding at end of period [shares] 102,06,31,385[shares]

82,06,31,385[shares] 102,06,31,385

[shares]82,06,31,385

Reconciliation of value of shares outstanding [Abstract] Changes in share capital [Abstract] Increase in share capital during period [Abstract] Amount of public issue during period 0 0 0 0

Amount of bonus issue during period 0 0 0 0

Amount of rights issue during period 0 0 0 0

Amount of private placement issue during period

0 0 0 0

Amount of preferential allotment issue during period

0 0 0 0

Amount of issue allotted for contracts without payment received in cash during period

0 0 0 0

Amount of issue under scheme of amalgamation during period

0 0 0 0

Amount of other issues during period 2,000 0 2,000 0

Amount of issue arising out of conversion of securities during period

0 0 0 0

Total aggregate amount of increase in share capital during period

2,000 0 2,000 0

Decrease in share capital during period [Abstract] Decrease in amount of shares bought back 0 0 0 0

Other decrease in amount of shares 0 0 0 0

Total decrease in share capital during period

0 0 0 0

Total increase (decrease) in share capital 2,000 0 2,000 0

Share capital at end of period 10,206.31 8,206.31 10,206.31 8,206.31

Rights preferences and restrictions attaching to class of share capital

Textual information (24) [Seebelow]

Textualinformation(25) [Seebelow]

Textual information (26) [Seebelow]


Shares in company held by holding company or ultimate holding company or by its subsidiaries or associates [Abstract]

Shares in company held by holding company [shares] 102,06,31,384[shares]

82,06,31,384[shares] 102,06,31,384

[shares]82,06,31,384

Shares in company held by ultimate holding company


Shares in company held by subsidiaries of its holding company


Shares in company held by subsidiaries of its ultimate holding company


Shares in company held by associates of its holding company


Shares in company held by associates of its ultimate holding company


Total shares in company held by holding company or ultimate holding company or by its subsidiaries or associates

[shares] 102,06,31,384[shares]

82,06,31,384[shares] 102,06,31,384

[shares]82,06,31,384

Shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment


Amount of shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment

0 0 0 0

Aggregate number of fully paid-up shares issued pursuant to contracts without payment being received in cash


25


Aggregate number of fully paid-up shares issued by way of bonus shares


Aggregate number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0

Original paid-up value of forfeited shares 0 0 0 0

Details of application money received for allotment of securities and due for refund and interest accrued thereon [Abstract] Application money received for allotment of securities and due for refund and interest accrued thereon [Abstract] Application money received for allotment of securities and due for refund, principal

0 0 0 0

Application money received for allotment of securities and due for refund, interest accrued

0 0 0 0

Total application money received for allotment of securities and due for refund and interest accrued thereon

0 0 0 0

Terms and conditions of shares pending allotment

Share application moneypending allotment representsapplications received frominvestors towards subscriptionof equity shares.


Number of shares proposed to be issued [shares] 12,50,00,000 [shares] 0 [shares] 12,50,00,000 [shares] 0

Period before which shares are to be allotted 27/08/2013 27/08/2013

Share premium for shares to be allotted 1,250,000,000 0 1,250,000,000 0

Description of whether company have sufficient authorised capital to cover proposed share capital amount resulting from allotment

The Company has sufficientauthorised capital to cover theshare capital amount onallotment of above shares.


26


Disclosure of classes of share capital [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INRClasses of share capital [Axis] Equity shares 1 [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011 Disclosure of classes of share capital [Abstract] Disclosure of classes of share capital [LineItems] Type of share Equity Equity

Number of shares authorised [shares] 150,00,00,000[shares]

100,00,00,000

Value of shares authorised 15,000 10,000

Number of shares issued [shares] 102,06,31,385[shares]

82,06,31,385

Value of shares issued 10,206.31 8,206.31

Number of shares subscribed and fully paid [shares] 102,06,31,385[shares]

82,06,31,385

Value of shares subscribed and fully paid 10,206.31 8,206.31

Number of shares subscribed but not fully paid [shares] 0 [shares] 0

Value of shares subscribed but not fully paid 0 0

Total number of shares subscribed [shares] 102,06,31,385[shares]

82,06,31,385

Total value of shares subscribed 10,206.31 8,206.31

Value of shares paid-up [Abstract]

Number of shares paid-up [shares] 102,06,31,385[shares]

82,06,31,385

Value of shares called 10,206.31 8,206.31

Calls unpaid [Abstract] Calls unpaid by directors and officers [Abstract] Calls unpaid by directors 0 0

Calls unpaid by officers 0 0

Total calls unpaid by directors and officers 0 0

Calls unpaid by others 0 0

Total calls unpaid 0 0

Forfeited shares 0 0

Forfeited shares reissued 0 0

Value of shares paid-up 10,206.31 8,206.31

Par value per share [INR/shares] 10[INR/shares]

10

Details of shares not fully called [Abstract]

Amount per share called [INR/shares] 0[INR/shares]

0

Reconciliation of number of shares outstanding [Abstract] Changes in number of shares outstanding [Abstract] Increase in number of shares outstanding [Abstract] Number of shares issued in public offering [shares] 0 [shares] 0

Number of shares issued as bonus shares [shares] 0 [shares] 0

Number of shares issued as rights [shares] 0 [shares] 0

Number of shares issued in private placement [shares] 0 [shares] 0

Number of shares issued as preferential allotment [shares] 0 [shares] 0

Number of shares allotted for contracts without payment received in cash [shares] 0 [shares] 0

Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0

Number of other issues of shares [shares] 20,00,00,000 [shares] 0

Number of shares arising out of conversion of securities [shares] 0 [shares] 0

Total aggregate number of shares issued during period [shares] 20,00,00,000 [shares] 0

Decrease in number of shares during period [Abstract] Number of shares bought back [shares] 0 [shares] 0

Other decrease in number of shares [shares] 0 [shares] 0

Total decrease in number of shares during period [shares] 0 [shares] 0

Total increase (decrease) in number of shares outstanding [shares] 20,00,00,000 [shares] 0

Number of shares outstanding at end of period [shares] 102,06,31,385[shares]

82,06,31,385

Reconciliation of value of shares outstanding [Abstract] Changes in share capital [Abstract] Increase in share capital during period [Abstract] Amount of public issue during period 0 0

27


Amount of bonus issue during period 0 0

Amount of rights issue during period 0 0

Amount of private placement issue during period 0 0

Amount of preferential allotment issue during period 0 0

Amount of issue allotted for contracts without payment received in cash during period

0 0

Amount of issue under scheme of amalgamation during period 0 0

Amount of other issues during period 2,000 0

Amount of issue arising out of conversion of securities during period 0 0

Total aggregate amount of increase in share capital during period 2,000 0

Decrease in share capital during period [Abstract] Decrease in amount of shares bought back 0 0

Other decrease in amount of shares 0 0

Total decrease in share capital during period 0 0

Total increase (decrease) in share capital 2,000 0

Share capital at end of period 10,206.31 8,206.31

Rights preferences and restrictions attaching to class of share capital Textual information (28) [Seebelow]


Shares in company held by holding company or ultimate holding company or by its subsidiaries or associates [Abstract]

Shares in company held by holding company [shares] 102,06,31,384[shares]

82,06,31,384

Shares in company held by ultimate holding company [shares] 0 [shares] 0

Shares in company held by subsidiaries of its holding company [shares] 0 [shares] 0

Shares in company held by subsidiaries of its ultimate holding company [shares] 0 [shares] 0

Shares in company held by associates of its holding company [shares] 0 [shares] 0

Shares in company held by associates of its ultimate holding company [shares] 0 [shares] 0

Total shares in company held by holding company or ultimate holding company or by its subsidiaries or associates


82,06,31,384

Shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment

[shares] 0 [shares] 0

Amount of shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment

0 0

Aggregate number of fully paid-up shares issued pursuant to contracts without payment being received in cash

[shares] 0 [shares] 0

Aggregate number of fully paid-up shares issued by way of bonus shares [shares] 0 [shares] 0

Aggregate number of shares bought back [shares] 0 [shares] 0

Original paid-up value of forfeited shares 0 0

Details of application money received for allotment of securities and due for refund and interest accrued thereon [Abstract] Application money received for allotment of securities and due for refund and interest accrued thereon [Abstract] Application money received for allotment of securities and due for refund, principal

0 0

Application money received for allotment of securities and due for refund, interest accrued

0 0

Total application money received for allotment of securities and due for refund and interest accrued thereon

0 0

Terms and conditions of shares pending allotment


Number of shares proposed to be issued [shares] 12,50,00,000 [shares] 0

Period before which shares are to be allotted 27/08/2013

Share premium for shares to be allotted 1,250 0

Description of whether company have sufficient authorised capital to cover proposed share capital amount resulting from allotment


28


Disclosure of shareholding more than five per cent in company [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRClasses of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 1 [Member]

31/03/2013 31/12/201101/01/2012

to 31/03/2013

01/01/2011 to

31/12/2011 Disclosure of shareholding more than five per cent in company [Abstract] Disclosure of shareholding more than five per cent in company [LineItems]

Type of share Equity shares of Rs10 each, fully paidup

Equity shares of Rs 10each, fully paid up

Name of shareholder METRO Cash &Carry InternationalGmbH

METRO Cash &Carry InternationalGmbH

Country of incorporation or residence of shareholder

GERMANY GERMANY

Number of shares held in company [shares]102,06,31,384


102,06,31,384[shares] 82,06,31,384

Percentage of shareholding in company 99.99% 99.99%


to 31/03/2013

01/01/2011 to

31/12/2011

Disclosure of notes on share capital explanatory [TextBlock] Textual information (30) [See below]

Whether there are any shareholders holding more than five per cent shares in company

Yes Yes

Whether money raised from public offering during year No No


Rights preferences and restrictions attaching to class of share capitalThe Company has one class of equity shares having a par value of Rs.10 per share. Each shareholder is eligible for one vote per share held. Thedividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in caseof interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company afterdistribution of all preferential amounts, in proportion to their shareholding.The Company has not declared any dividends during the year.





29








30



Disclosure of notes on share capital explanatory [Text Block]a) Rs Million

Particulars As at 31 March 2013

As at 31 December 2011

Authorized

1,500,000,000 (previous year: 1,000,000,000) equity shares of Rs 10 each 15000.00 10000.00

Issued, subscribed and fully paid up

1,020,631,385 (previous year: 820,631,385) equity shares of Rs 10 each, fully paid up 10206.31 8206.31

10206.31 8206.31

b) Reconciliation of shares outstanding at the beginning and at the end of the reporting year:

(Figures in Rs Million except number of shares)



Number Amount Number Amount

Equity shares

At the commencement of the year

820,631,385

8,206.31

820,631,385 8,206.31

Number of shares issued during the year

200,000,000

2,000.00

-

-

At the end of the year 1,020,631,385

10,206.31

820,631,385 8,206.31

c) Rights, preferences and restrictions attached to equity shares: The Company has one class of equity shares having a par value of Rs.10 per share. Each shareholder is eligible for one vote per share held. Thedividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in caseof interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company afterdistribution of all preferential amounts, in proportion to their shareholding.The Company has not declared any dividends during the year.

d) Shares held by holding/ultimate holding company and/or their subsidiaries/associates

As at 31 March 2013


Name of the share holder Number % holding Number % holding

METRO Cash & Carry International GmbH - holding company 1,020,631,384 99.99% 820,631,384 99.99%

Metro International Beteiligungs GmbH 1 0.01% 1 0.01%

e) Particulars of shareholders holding more than 5% shares of a class of shares:

As at 31 March 2013


Name of the share holder Number % holding Number % holding

METRO Cash & Carry International GmbH - holding company 1,020,631,384 99.99% 820,631,384 99.99%

f) There has been no shares reserved for issue under options or contracts for sale of shares. g) The Company has not allotted any fully paid-up equity shares by way of bonus shares nor has bought back any class of equity shares during theperiod of five years immediately preceeding the balance sheet date nor has issued shares for consideration other than cash.

Share application money pending allotment Rs Million



Advance against share capital (share application money) 2500 -

2500 -

31


Share application money pending allotment represents applications received from investors towards subscription of equity shares.

(Figures in Rs Million exceptnumber of shares)

As at 31 March2013

As at 31 December2011

Name of the share holder No of shares Amount No of shares Amount

Equity shares of face value Rs 10 each proposed to be issued at apremium of Rs 10.

125000000 2500 - -

The equity shares will be issued to METRO Cash & Carry International GmbH - holding company. The shares are expected to be allotted againstthe share application money on or before August 27, 2013 (being the time limit for issue of shares). The Company has sufficient authorisedcapital to cover the share capital amount on allotment of above shares.

[200200] Notes - Reserves and surplus

Statement of changes in reserves [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRComponents of reserves [Axis] Reserves [Member] Securities premium account [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011 Statement of changes in reserves [Abstract] Statement of changes in reserves [LineItems] Changes in reserves [Abstract] Additions to reserves [Abstract] Profit (loss) for period -3,204.2 -888.54

Other additions to reserves 2,000 0 (A) 2,000 (B) 0

Total additions to reserves -1,204.2 -888.54 2,000 0

Total changes in reserves -1,204.2 -888.54 2,000 0

Reserves at end of period -5,158.7 -3,954.5 6,720.51 4,720.51

(A) Premium received during the period on issue of shares : 2000

(B) Premium received during the period on issue of shares : 0

Statement of changes in reserves [Table] ..(2)


Components of reserves [Axis] Securities premiumaccount [Member]

Surplus [Member]

31/12/201001/01/2012

to 31/03/2013

01/01/2011 to

31/12/201131/12/2010

Statement of changes in reserves [Abstract] Statement of changes in reserves [LineItems] Changes in reserves [Abstract] Additions to reserves [Abstract] Profit (loss) for period -3,204.2 -888.54

Total additions to reserves -3,204.2 -888.54

Total changes in reserves -3,204.2 -888.54

Reserves at end of period 4,720.51 -11,879.21 -8,675.01 -7,786.47

32


[200300] Notes - Borrowings

Classification of borrowings [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRClassification based on time period [Axis] Long-term [Member]

Classification of borrowings [Axis] Borrowings [Member] Term loans [Member]Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]

31/03/2013 31/12/2011 31/03/2013 31/12/2011 Borrowings notes [Abstract] Details of borrowings [Abstract] Details of borrowings [LineItems] Borrowings 2,826.01 3,050 2,826.01 3,050


Unless otherwise specified, all monetary values are in Millions of INRClassification based on time period [Axis] Long-term [Member]

Classification of borrowings [Axis] Term loans from banks [Member] Rupee term loans from banks [Member]Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]

31/03/2013 31/12/2011 31/03/2013 31/12/2011 Borrowings notes [Abstract] Details of borrowings [Abstract] Details of borrowings [LineItems] Borrowings 2,826.01 3,050 (A) 2,826.01 (B) 3,050

Footnotes (A) - From bank (unsecured)* : 2826.01

(B) - From bank (unsecured)* : 3050


Unless otherwise specified, all monetary values are in Millions of INRClassification based on time period [Axis] Short-term [Member]

Classification of borrowings [Axis] Borrowings [Member] Term loans [Member]Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]

31/03/2013 31/12/2011 31/03/2013 31/12/2011 Borrowings notes [Abstract] Details of borrowings [Abstract] Details of borrowings [LineItems] Borrowings 950 900 950 900



Classification of borrowings [Axis] Term loans from banks [Member] Rupee term loans from banks [Member]Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]

31/03/2013 31/12/2011 31/03/2013 31/12/2011 Borrowings notes [Abstract] Details of borrowings [Abstract] Details of borrowings [LineItems] Borrowings 950 900 (A) 950 (B) 900

Footnotes (A) - Loan from banks (unsecured)* : 950

(B) - Loan from banks (unsecured)* : 900Unless otherwise specified, all monetary values are in Millions of INR

01/01/2012 to

31/03/2013

Disclosure of notes on borrowings explanatory [TextBlock] Textual information (31) [See below]

33



Disclosure of notes on borrowings explanatory [Text Block]6. Long-term borrowings

Details of securities and repayment terms* Secured by a corporate guarantee issued by Metro AG (the ultimate holding company) There has been no default in the repayment of principal and interest on the above loans as at the period end. The above loan has been taken from various banks at interest rates and repayment terms are as detailed below:

Name of the Bank As at 31 March 2013


Date of Repayment Interest Rate per annum

Terms of repayment

BNP Paribas

Tranche-1 400.00 400.00 20-Jun-16 11.00% One time bullet repayment



HSBC

Tranche-1 300.00 300.00 25-Feb-16 10.20% One time bullet repayment

Tranche-2 300.00 300.00 05-Apr-16 10.80% One time bullet repayment

Tranche-3 500.00 500.00 25-Apr-16 10.85% One time bullet repayment


Tranche-5 200.00 200.00 31-May-16 10.45% One time bullet repayment



Calyon

Tranche-1 - 100.00 14-Aug-13 10.70% One time bullet repayment

Tranche-2 - 150.00 24-Sep-13 11.45% One time bullet repayment

Rent Works

Tranche-1 20.50 - 15-Jul-16 10.50% Repayment is made on quaterly basis

Tranche-2 4.56 - 15-Oct-17 10.50% Repayment is made on quaterly basis

Tranche-3 0.95 - 15-Oct-17 10.50% Repayment is made on quaterly basis

2,826.01 3,050.00 *refer note 11 for current maturities of long term debt

9. Short-term borrowings Details of securities and repayment terms Secured by a corporate guarantee issued by Metro AG (the ultimate holding Company) There has been no default in the repayment of principal and interest on the above loans as at the period end. The above loan has been taken from various banks at interest rates as detailed below.

Rs Million

Name of the BankAs at 31 March 2013

Date of Repayment Interest Rate Terms of repayment

BNP Paribas

Tranche -1 200.00 18-Jun-13 10.65% Bullet Repayment



Tranche -4 200.00 16-May-13 10.50% Bullet Repayment

HSBC

Tranche -1 100.00 27-May-13 9.90% Bullet Repayment

950.00

Name of the Bank As at 31 December 2011

Date of Repayment Interest Rate Terms of repayment

BNP Paribas

Tranche -1 200.00 24-Jan-12 10.10% Bullet Repayment




34


HSBC 100.00 11-Jan-12 10.50% Bullet Repayment

900.00

[201000] Notes - Tangible assets

Disclosure of tangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Company total tangible assets [Member]

Sub classes of tangible assets [Axis] Owned and leased assets [Member]Carrying amount accumulated depreciation and gross

carrying amount [Axis]Carrying amount [Member] Gross carrying amount

[Member]Accumulated depreciation and

impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011 Disclosure of tangible assets [Abstract] Disclosure of tangible assets [LineItems] Reconciliation of changes in tangible assets [Abstract] Changes in tangible assets [Abstract] Additions other than through business combinations tangible assets

1,515.34 2,551.06 1,515.34 2,551.06

Depreciation tangible assets -448.73 -657.41 448.73 657.41

Impairment loss recognised in profit or loss tangible assets

-932.59 -932.59 932.59 932.59

Reversal of impairment loss recognised in profit or loss tangible assets

0 0 0 0

Disposals tangible assets [Abstract] Disposals tangible assets, others

5.57 17.6 61.42 48.96 55.85 31.36

Total disposals tangible assets

5.57 17.6 61.42 48.96 55.85 31.36

Other adjustments tangible assets [Abstract] Other adjustments tangible assets, others

0 546.06 0 -546.06

Total other adjustments tangible assets

0 546.06 0 -546.06

Total changes in tangible assets

128.45 1,489.52 1,453.92 2,502.1 1,325.47 1,012.58

Tangible assets at end of period 9,491.78 8,430.74 12,061.85 10,607.93 2,570.07 2,177.19

35




Sub classes of tangible assets [Axis] Assets held under lease [Member]Carrying amount accumulated depreciation and gross



impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


40.81 5.64 40.81 5.64



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


35.25 3.09 40.81 5.64 5.56 2.55

Tangible assets at end of period 227.87 192.62 247.21 206.4 19.34 13.78

36




Sub classes of tangible assets [Axis] Owned assets [Member]Carrying amount accumulated depreciation and gross



impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


1,474.53 2,545.42 1,474.53 2,545.42



-932.59 -932.59 932.59 932.59


0 0 0 0


5.57 17.6 61.42 48.96 55.85 31.36


5.57 17.6 61.42 48.96 55.85 31.36


0 546.06 0 -546.06


0 546.06 0 -546.06


93.2 1,486.43 1,413.11 2,496.46 1,319.91 1,010.03

Tangible assets at end of period 9,263.91 8,238.12 11,814.64 10,401.53 2,550.73 2,163.41

37



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Land [Member]




impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


41.91 22.73 41.91 22.73



-386.53 -386.53 386.53 386.53


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


-350.18 -366.35 41.91 22.73 392.09 389.08

Tangible assets at end of period 3,604.93 3,568.58 4,010.8 3,968.89 405.87 400.31

38




Sub classes of tangible assets [Axis] Assets held under lease [Member]Carrying amount accumulated depreciation and gross



impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


40.81 5.64 40.81 5.64



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


35.25 3.09 40.81 5.64 5.56 2.55


39







impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


1.1 17.09 1.1 17.09

Depreciation tangible assets 0 0 0 0


-386.53 -386.53 386.53 386.53


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


-385.43 -369.44 1.1 17.09 386.53 386.53

Tangible assets at end of period 3,377.06 3,375.96 3,763.59 3,762.49 386.53 386.53

40



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Buildings [Member]




impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


258.24 1,976.82 258.24 1,976.82



-546.06 -546.06 546.06 546.06


0 0 0 0


0 12.91 0 13.09 0 0.18


0 12.91 0 13.09 0 0.18


0 546.06 0 -546.06


0 546.06 0 -546.06


-463.28 1,440.45 258.24 1,963.73 721.52 523.28

Tangible assets at end of period 3,651.9 3,569.12 4,826.12 4,567.88 1,174.22 998.76

41



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Buildings [Member]




impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


258.24 1,976.82 258.24 1,976.82



-546.06 -546.06 546.06 546.06


0 0 0 0


0 12.91 0 13.09 0 0.18


0 12.91 0 13.09 0 0.18


0 546.06 0 -546.06


0 546.06 0 -546.06


-463.28 1,440.45 258.24 1,963.73 721.52 523.28

Tangible assets at end of period 3,651.9 3,569.12 4,826.12 4,567.88 1,174.22 998.76

42



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Plant and equipment [Member]




impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


459.56 261.34 459.56 261.34



0 0 0 0


0 0 0 0


1.14 1.07 11.63 1.71 10.49 0.64


1.14 1.07 11.63 1.71 10.49 0.64


0 0 0 0


0 0 0 0


346.99 203.31 447.93 259.63 100.94 56.32

Tangible assets at end of period 1,085.94 738.95 1,547.73 1,099.8 461.79 360.85

43



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Plant and equipment [Member]




impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


459.56 261.34 459.56 261.34



0 0 0 0


0 0 0 0


1.14 1.07 11.63 1.71 10.49 0.64


1.14 1.07 11.63 1.71 10.49 0.64


0 0 0 0


0 0 0 0


346.99 203.31 447.93 259.63 100.94 56.32

Tangible assets at end of period 1,085.94 738.95 1,547.73 1,099.8 461.79 360.85

44



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Furniture and fixtures [Member]




impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


402.37 177.23 402.37 177.23



0 0 0 0


0 0 0 0


3.07 0.39 4.78 0.79 1.71 0.4


3.07 0.39 4.78 0.79 1.71 0.4


0 0 0 0


0 0 0 0


326.53 146.53 397.59 176.44 71.06 29.91


45



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Furniture and fixtures [Member]




impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


402.37 177.23 402.37 177.23



0 0 0 0


0 0 0 0


3.07 0.39 4.78 0.79 1.71 0.4


3.07 0.39 4.78 0.79 1.71 0.4


0 0 0 0


0 0 0 0


326.53 146.53 397.59 176.44 71.06 29.91


46



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Vehicles [Member]




impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


0 0.93 0 0.93



0 0 0 0


0 0 0 0


0.64 0.3 32.99 10.02 32.35 9.72


0.64 0.3 32.99 10.02 32.35 9.72


0 0 0 0


0 0 0 0


-3.55 -6.41 -32.99 -9.09 -29.44 -2.68


47



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Vehicles [Member]




impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


0 0.93 0 0.93



0 0 0 0


0 0 0 0


0.64 0.3 32.99 10.02 32.35 9.72


0.64 0.3 32.99 10.02 32.35 9.72


0 0 0 0


0 0 0 0


-3.55 -6.41 -32.99 -9.09 -29.44 -2.68


48



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Office equipment [Member]




impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


105.53 107.34 105.53 107.34



0 0 0 0


0 0 0 0


0.54 2.93 11.77 23.35 11.23 20.42


0.54 2.93 11.77 23.35 11.23 20.42


0 0 0 0


0 0 0 0


39.52 68.26 93.76 83.99 54.24 15.73


49



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Office equipment [Member]




impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


105.53 107.34 105.53 107.34



0 0 0 0


0 0 0 0


0.54 2.93 11.77 23.35 11.23 20.42


0.54 2.93 11.77 23.35 11.23 20.42


0 0 0 0


0 0 0 0


39.52 68.26 93.76 83.99 54.24 15.73


50



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Computer equipments [Member]




impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


92.9 99.15 92.9 99.15



0 0 0 0


0 0 0 0


0.42 2.93 11.37 23.32 10.95 20.39


0.42 2.93 11.37 23.32 10.95 20.39


0 0 0 0


0 0 0 0


32.53 63.47 81.53 75.83 49 12.36


51



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Computer equipments [Member]




impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


92.9 99.15 92.9 99.15



0 0 0 0


0 0 0 0


0.42 2.93 11.37 23.32 10.95 20.39


0.42 2.93 11.37 23.32 10.95 20.39


0 0 0 0


0 0 0 0


32.53 63.47 81.53 75.83 49 12.36


52



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Other equipments [Member]




impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


12.63 8.19 12.63 8.19



0 0 0 0


0 0 0 0


0.12 0 0.4 0.03 0.28 0.03


0.12 0 0.4 0.03 0.28 0.03


0 0 0 0


0 0 0 0


6.99 4.79 12.23 8.16 5.24 3.37


53



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Other equipments [Member]




impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


12.63 8.19 12.63 8.19



0 0 0 0


0 0 0 0


0.12 0 0.4 0.03 0.28 0.03


0.12 0 0.4 0.03 0.28 0.03


0 0 0 0


0 0 0 0


6.99 4.79 12.23 8.16 5.24 3.37


54



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Leasehold improvements [Member]




impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


247.73 4.67 247.73 4.67



0 0 0 0


0 0 0 0


0.18 0 0.25 0 0.07 0


0.18 0 0.25 0 0.07 0


0 0 0 0


0 0 0 0


232.42 3.73 247.48 4.67 15.06 0.94

Tangible assets at end of period 236.15 3.73 252.15 4.67 16 0.94

55







impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


247.73 4.67 247.73 4.67



0 0 0 0


0 0 0 0


0.18 0 0.25 0 0.07 0


0.18 0 0.25 0 0.07 0


0 0 0 0


0 0 0 0


232.42 3.73 247.48 4.67 15.06 0.94

Tangible assets at end of period 236.15 3.73 252.15 4.67 16 0.94

Disclosure of additional information tangible assets [Table] ..(1)


Classes of tangible assets [Axis] Company total tangible assets[Member]

Land [Member]

Sub classes of tangible assets [Axis] Owned and leased assets[Member]

Owned and leased assets[Member]

Assets held under lease[Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011 Disclosure of additional information tangible assets [Abstract] Disclosure of additional information tangible assets [LineItems]

Depreciation method tangible assets - - - -Straight LineMethod

Straight LineMethod

Useful lives or depreciation rates tangible assets

NA NA NA NAAmortized OverThe Lease Term

AmortizedOver The LeaseTerm

56



Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Land [Member] Buildings [Member]

Sub classes of tangible assets [Axis] Owned assets [Member] Owned and leased assets[Member]

Owned assets [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


Depreciation method tangible assets Na Na - -Straight LineMethod

Straight LineMethod


Na Na NA NA 15 To 30 Years 15 To 30 Years



Classes of tangible assets [Axis] Plant and equipment [Member] Furniture and fixtures[Member]


Owned assets [Member] Owned and leased assets[Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


Depreciation method tangible assets - -Straight LineMethod

Straight LineMethod

- -


NA NA 4 To 20 Years 4 To 20 Years NA NA


Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member]

Sub classes of tangible assets [Axis] Owned assets [Member] Owned and leased assets[Member]


01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


Depreciation method tangible assets Straight LineMethod

Straight LineMethod

- -Straight LineMethod

Straight LineMethod


10 To 15 Years 10 To 15 Years NA NA 4 Years 4 Years


Unless otherwise specified, all monetary values are in Millions of INRClasses of tangible assets [Axis] Office equipment [Member] Computer equipments [Member]


Owned and leased assets[Member]


01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


Depreciation method tangible assets - - - -Straight LineMethod

Straight LineMethod


NA NA NA NA 3 To 5 Years 3 To 5 Years

57




Classes of tangible assets [Axis] Other equipments [Member] Leasehold improvements[Member]


Owned assets [Member] Owned and leased assets[Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


Depreciation method tangible assets - -Straight LineMethod

Straight LineMethod

- -


NA NA 5 To 10 Years 5 To 10 Years NA NA



Sub classes of tangible assets [Axis] Owned assets [Member]

01/01/2012 to

31/03/2013

01/01/2011 to


Depreciation method tangible assets Straight LineMethod

Straight Line Method


Amortised Over TheLease Term OrUseful LifeWhichever Is Lower

Amortised Over TheLease Term Or UsefulLife Whichever IsLower

58


[201100] Notes - Intangible assets

Disclosure of intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRClasses of intangible assets [Axis] Company total intangible assets [Member]

Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]Carrying amount accumulated amortization and

impairment and gross carrying amount [Axis]Carrying amount [Member] Gross carrying amount

[Member]Accumulated amortization and

impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011 Disclosure of intangible assets [Abstract] Disclosure of intangible assets [LineItems] Reconciliation of changes in intangible assets [Abstract] Changes in intangible assets [Abstract] Additions to intangible assets [Abstract] Additions other than through business combinations intangible assets

0.52 5.02 0.52 5.02

Total additions to intangible assets

0.52 5.02 0.52 5.02

Amortization intangible assets -3.16 -2.24 3.16 2.24

Impairment loss recognised in profit or loss intangible assets

0 0 0 0

Reversal of impairment loss recognised in profit or loss intangible assets

0 0 0 0

Disposals intangible assets [Abstract] Disposals intangible assets, others

0 0 0 0 0 0

Total disposals intangible assets

0 0 0 0 0 0

Other adjustments intangible assets [Abstract] Other adjustments intangible assets, others

0 0 0 0

Total other adjustments intangible assets

0 0 0 0

Total changes in intangible assets

-2.64 2.78 0.52 5.02 3.16 2.24

Intangible assets at end of period 6.79 9.43 35.82 35.3 29.03 25.87

59



Unless otherwise specified, all monetary values are in Millions of INRClasses of intangible assets [Axis] Company total intangible assets [Member]

Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]Carrying amount accumulated amortization and



impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


0.52 5.02 0.52 5.02


0.52 5.02 0.52 5.02



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


-2.64 2.78 0.52 5.02 3.16 2.24


60



Unless otherwise specified, all monetary values are in Millions of INRClasses of intangible assets [Axis] Computer software [Member]

Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]Carrying amount accumulated amortization and



impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


0.52 5.02 0.52 5.02


0.52 5.02 0.52 5.02



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


-2.64 2.78 0.52 5.02 3.16 2.24


61



Unless otherwise specified, all monetary values are in Millions of INRClasses of intangible assets [Axis] Computer software [Member]

Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]Carrying amount accumulated amortization and



impairment [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


0.52 5.02 0.52 5.02


0.52 5.02 0.52 5.02



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


-2.64 2.78 0.52 5.02 3.16 2.24


Disclosure of additional information intangible assets [Table] ..(1)


Classes of intangible assets [Axis] Company total intangible assets[Member]

Computer software [Member]

Sub classes of intangible assets [Axis]Internally generated and other

than internally generatedintangible assets [Member]

Internally generated and otherthan internally generated

intangible assets [Member]

Intangible assets other thaninternally generated [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011 Disclosure of additional information intangible assets [Abstract] Disclosure of additional information intangible assets [LineItems] Useful lives or amortization rates intangible assets

NA NA NA NA 3 To 5 Years 3 To 5 Years

Description of amortization method used

- - - -Straight LineValue

Straight LineValue

62


[200400] Notes - Non-current investments

Details of non-current investments [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRClassification of non-current investments [Axis] 1

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011 Non-current investments [Abstract] Disclosure of details of non-current investments [Abstract] Details of non-current investments [LineItems]

Type of non-current investments Investments inpartnership firms

Investments inpartnership firms

Class of non-current investments Other investments Other investments

Nature of non-current investments

share is held by Mr.P.Srikanth with theobject of being ableto trade in liquor inthe state of AndhraPradesh

share is held by Mr.P.Srikanth with theobject of being able totrade in liquor in thestate of AndhraPradesh

Non-current investments (A) 0 (B) 0

Name of body corporate in whom investment has been made METRO Cash &Carry Wines

METRO Cash &Carry Wines

Footnotes (A) Investment in capital of partnership firm (refer to note 41) 2.50 Less: Provision for diminution in the value of investment (2.50)

(B) Investment in capital of partnership firm (refer to note 41) 2.50 Less: Provision for diminution in the value of investment (2.50)Unless otherwise specified, all monetary values are in Millions of INR

01/01/2012 to

31/03/2013

Disclosure of notes on non-current investments explanatory [TextBlock]

[200600] Notes - Subclassification and notes on liabilities and assets

Classification of inventories [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRClassification of inventories [Axis] Company total inventories [Member] Stock-in-trade [Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011 Subclassification and notes on liabilities and assets [Abstract] Inventories notes [Abstract] Inventories [Abstract] Classification of inventories [Abstract] Details of inventories [LineItems] Inventories 2,308.87 1,083.07 (A) 2,308.87 (B) 1,083.07

Mode of valuation

Inventories arevalued at the lowerof cost and netrealizable value

Inventories are valuedat the lower of costand net realizablevalue

Inventories arevalued at the lowerof cost and netrealizable value

Inventories are valuedat the lower of costand net realizablevalue

Footnotes (A) Stock-in-trade* [including goods-in-transit Rs 5.93 million ]: 2308.87 * In the year ended 31 March 2013, the write-down of

inventories to net realisable value amounted to Rs 73.36 million

(B) Stock-in-trade* [including goods-in-transit Rs 9.12 million)] : 1083.07

63


Loans and advances [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRClassification based on time period [Axis] Long-term [Member]Classification of loans and advances [Axis] Loans and advances [Member] Capital advances [Member]

Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]

31/03/2013 31/12/2011 31/03/2013 31/12/2011 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross 560.89 243.08 46.89 58.99

Allowance for bad and doubtful loans and advances

0 0 0 0

Loans and advances 560.89 243.08 46.89 58.99

Details of loans and advances due by directors, other officers or others [Abstract] Loans and advances due by directors 0 0 0 0

Loans and advances due by other officers 0 0 0 0

Details of loans and advances due by firms or companies in which any director is partner or director [Abstract] Loans and advances due by firms in which any director is partner

0 0 0 0

Total loans and advances due by firms or companies in which any director is partner or director

0 0 0 0


Unless otherwise specified, all monetary values are in Millions of INRClassification based on time period [Axis] Long-term [Member]Classification of loans and advances [Axis] Security deposits [Member] Other loans and advances [Member]




0 0 0 0





0 0 0 0


0 0 0 0

64



Unless otherwise specified, all monetary values are in Millions of INRClassification based on time period [Axis] Long-term [Member]Classification of loans and advances [Axis] Advance tax [Member] Advance income tax paid [Member]




0 0 0 0





0 0 0 0


0 0 0 0



Classification of loans and advances [Axis] Loans and advances [Member] Loans and advances to related parties[Member]




0 0 0 0





0 0 0 0


0 0 0 0

65




Classification of loans and advances [Axis] Loans advances given other relatedparties [Member]

Loans advances given suppliers[Member]


31/03/2013 31/12/2011 31/03/2013 31/12/2011 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross (A) 39.94 (B) 27.63 255.54 117.25


0 0 0 0





0 0 0 0


0 0 0 0

Footnotes (A) Short-term loans and advances to related parties (also refer note 35) : 39.94

(B) Short-term loans and advances to related parties (also refer note 35) : 27.63



Classification of loans and advances [Axis] Loans advances value be received[Member]

Other loans and advances [Member]




0 0 0 0





0 0 0 0


0 0 0 0

66



Unless otherwise specified, all monetary values are in Millions of INRClassification based on time period [Axis] Short-term [Member]Classification of loans and advances [Axis] Prepaid expenses [Member] Other deposit assets [Member]


31/03/2013 31/12/2011 31/03/2013 31/12/2011 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross 65.85 7.54 (A) 22.01 (B) 15.38


0 0 0 0





0 0 0 0


0 0 0 0

Footnotes (A) Short-term deposits : 22.01

(B) Short-term deposits : 15.38

Subclassification of trade receivables [Table] ..(1)


Classification of assets based on security [Axis] Classification of assets based on security[Member]

Unsecured considered good [Member]

31/03/2013 31/12/2011 31/03/2013 31/12/2011 Subclassification and notes on liabilities and assets [Abstract] Trade receivables notes [Abstract] Trade receivables [Abstract] Subclassification of trade receivables [Abstract] Subclassification of trade receivables [LineItems] Breakup of trade receivables [Abstract] Trade receivables, gross 154.77 84.43 (A) 145.78 (B) 70.31

Allowance for bad and doubtful debts 24.87 20.41 (C) 15.88 (D) 6.29

Total trade receivables 129.9 64.02 129.9 64.02

Details of trade receivables due by directors, other officers or others [Abstract] Trade receivables due by directors 0 0

Trade receivables due by other officers 0 0

Details of trade receivables due by firms or companies in which any director is partner or director [Abstract] Total trade receivables due by firms or companies in which any director is partner or director

0 0

67


Footnotes (A) Outstanding for a period exceeding six months from the date they became due for payment : 15.88 Other debts : 129.9

(B) Outstanding for a period exceeding six months from the date they became due for payment : 6.29 Other debts : 64.02

(C) Outstanding for a period exceeding six months from the date they became due for payment : 15.88

(D) Outstanding for a period exceeding six months from the date they became due for payment : 6.29

Subclassification of trade receivables [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INRClassification of assets based on security [Axis] Doubtful [Member]

31/03/2013 31/12/2011 Subclassification and notes on liabilities and assets [Abstract] Trade receivables notes [Abstract] Trade receivables [Abstract] Subclassification of trade receivables [Abstract] Subclassification of trade receivables [LineItems] Breakup of trade receivables [Abstract] Trade receivables, gross (A) 8.99 (B) 14.12

Allowance for bad and doubtful debts (C) 8.99 (D) 14.12

Total trade receivables 0 0

Details of trade receivables due by directors, other officers or others [Abstract] Trade receivables due by directors 0 0

Trade receivables due by other officers 0 0

Details of trade receivables due by firms or companies in which any director is partner or director [Abstract] Total trade receivables due by firms or companies in which any director is partner or director

0 0

Footnotes (A) Other debts : 8.99

(B) Other debts : 14.12

(C) Other debts : 8.99

(D) Other debts : 14.12

Disclosure of breakup of provisions [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRClassification based on time period [Axis] Long-term [Member] Short-term [Member]

31/03/2013 31/12/2011 31/03/2013 31/12/2011 Subclassification and notes on liabilities and assets [Abstract] Provisions notes [Abstract] Disclosure of breakup of provisions [Abstract] Disclosure of breakup of provisions [LineItems] Provisions [Abstract] Provisions for employee benefits [Abstract] Provision gratuity (A) 68.15 (B) 43.45 (C) 15.22 (D) 10.46

Provision other employee related liabilities

(E) 25.25 (F) 19.38 (G) 9.61 (H) 7.9

Total provisions for employee benefits 93.4 62.83 24.83 18.36

Provision for corporate tax [Abstract] Provision for fringe benefit tax 0.13 0.13

Total provision for corporate tax 0.13 0.13

Other provisions (I) 4.84 (J) 4.84

Total provisions 93.4 62.83 29.8 23.33

68


Footnotes (A) - Gratuity payable (refer note 44) : 68.15

(B) - Gratuity payable (refer note 44) : 43.45

(C) - Gratuity payable (refer note 44) : 15.22

(D) - Gratuity payable (refer note 44) : 10.46

(E) - Provident fund (refer note 44) : 1.74 - Compensated absences : 23.51

(F) - Provident fund (refer note 44) : 2.92 - Compensated absences : 16.46

(G) - Provident fund (refer note 44) : 0.44 - Compensated absences : 9.17

(H) - Provident fund (refer note 44) : 0.73 - Compensated absences : 7.17

(I) - Provision for loss in partnership firm (refer note 41) : 4.84

(J) - Provision for loss in partnership firm (refer note 41) : 4.84

Classification of long-term trade receivables [Table] ..(1)


Classification of assets based on security [Axis] Classification of assets based on security[Member]

Secured considered good [Member]

31/03/2013 31/12/2011 31/03/2013 31/12/2011 Subclassification and notes on liabilities and assets [Abstract] Other non-current assets notes [Abstract] Other non-current assets [Abstract] Long-term trade receivables [Abstract] Long-term trade receivables [LineItems] Breakup of long-term trade receivables [Abstract] Long-term trade receivables, gross 6.28 6.28 (A) 6.28 (B) 6.28

Allowances for bad and doubtful debts 0 0 0 0

Total long-term trade receivables 6.28 6.28 6.28 6.28

Details of long-term trade receivables due by directors, other officers or others [Abstract] Long-term trade receivables due by directors

0 0

Long-term trade receivables due by other officers

0 0

Details of long-term trade receivables due by firms or companies in which any director is partner or director [Abstract] Total long-term trade receivables due by firms or companies in which any director is partner or director

0 0

Footnotes (A) Restricted deposits in Tsunami Relief Fund account (refer to note 18) : 6.28

(B) Restricted deposits in Tsunami Relief Fund account (refer to note 18) : 6.28

69



to 31/03/2013

01/01/2011 to

31/12/2011Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock]


Trade payables, long-term 0 0

Others long-term, others (A) 199.38 (B) 94.26

Total others, long-term 199.38 94.26

Total other long-term liabilities 199.38 94.26

Nature of other provisions P r o v i s i o n for loss in partnership firm

P r o v i s i o n for loss in partnership firm

Current maturities of long-term debt (C) 259.67 (D) 874.29

Interest accrued but not due on borrowings 18.85 12.33

Interest accrued and due on borrowings 0 0

Debentures claimed but not paid 0 0

Unpaid dividends 0 0

Unpaid matured deposits and interest accrued thereon 0 0

Unpaid matured debentures and interest accrued thereon 0 0

Accrued expenses payable (E) 162.81 (F) 229.46

Other accrued expenses (G) 175.26 (H) 121.25

Public deposit payable, current 0 0

Total other payables, current 338.07 350.71

Advance received from customers 69.73 43.91

Current liabilities portion of share application money pending allotment

0 0

Other current liabilities, others (I) 534.86 (J) 430.81

Total other current liabilities 1,221.18 1,712.05

Total other non-current assets 6.28 6.28

Aggregate amount of trade receivables outstanding for period exceeding six months

0 0

Fixed deposits with banks 0 0

Other deposits with banks (K) 17.22 (L) 570.5

Other balances with banks (M) 1,946.12 (N) 553.81

Total balance with banks 1,963.34 1,124.31

Cheques, drafts on hand 8.35 3.72

Cash on hand 7.07 4.44

Total cash and cash equivalents 1,978.76 1,132.47

Other bank balances (O) 0.79 (P) 0.79

Total cash and bank balances 1,979.55 1,133.26

Total balances held with banks to extent held as margin money or security against borrowings, guarantees or other commitments

0 0

Bank deposits with more than twelve months maturity 0 0

Other current assets, others (Q) 0.11 (R) 12.33

Total other current assets 0.11 12.33

70


Footnotes (A) Rent straight-lining reserve (refer note 37) : 199.38

(B) Rent straight-lining reserve (refer note 37) : 94.26

(C) *Total current maturities of long-term borrowings Rs 259.67 million For details refer note 6

(D) *Total current maturities of long-term borrowings Rs 874.29 million. For details refer note 6

(E) - Accrued salaries and benefits : 162.81

(F) - Accrued salaries and benefits : 229.46

(G) - Statutory dues (also refer note 39) : 175.26

(H) - Statutory dues (also refer note 39) : 121.25

(I) Book overdraft : 18.2 Tsunami Relief Fund (refer note 15) : 6.28 - Provision for expenses : 352.42 - Capital creditors : 157.96

(J) Book overdraft : 7.16 Tsunami Relief Fund (refer note 15) : 6.28 - Provision for expenses : 182.9 - Capital creditors : 234.47

(K) in deposit accounts (with original maturity of 3 months or less) : 17.22

(L) in deposit accounts (with original maturity of 3 months or less) : 570.5

(M) in current accounts : 1946.12

(N) in current accounts : 553.81

(O) In deposit accounts : 0.79 * Fixed deposits with an original maturity period of less than 3 months are classified as "Cash and cashequivalents" and fixed deposits with an original maturity period of greater than 3 months, but with a maturity period of less than 12months from the balance sheet date are classified as "Other bank balances." The fixed deposits with a maturity period greater than 12months from the balance sheet date are classified as "Other non-current assets".

(P) In deposit accounts : 0.79 * Fixed deposits with an original maturity period of less than 3 months are classified as "Cash and cashequivalents" and fixed deposits with an original maturity period of greater than 3 months, but with a maturity period of less than 12months from the balance sheet date are classified as "Other bank balances." The fixed deposits with a maturity period greater than 12months from the balance sheet date are classified as "Other non-current assets".

(Q) Interest accrued on bank deposits : 0.11

(R) Interest accrued on bank deposits : 12.33

71



Disclosure of subclassification and notes on liabilities and assets explanatory [Text Block]

11. Other current liabilities Current maturities of long-term debt* *Details of securities and repayment terms Secured by a corporate guarantee issued by Metro AG (the ultimate holding company) There has been no default in the repayment of principal and interest on the above loans as at the period end. The above loan has been taken from various banks at interest rates and repayment terms are as detailed below:

Rs Million


BulletRepayment

Date of Repayment

InterestRate perannum

Terms of repayment

ECB - Royal bank ofScotland

Tranche-3 -

176.30 24-Jan-12 7.96% One time bullet repayment

Tranche-5 -


Tranche-6 -


Calyon

Tranche-1 100.00

- 14-Aug-13 10.70% One time bullet repayment

Tranche-2 150.00

-

24-Sep-13 11.45% One time bullet repayment

HSBC Rent Works

Tranche-1 8.20

- 15th day of first month of subsequentquarter.

10.50%Repayment is made onquarterly basis

Tranche-2 1.22

- 10.50%Repayment is made onquarterly basis

Tranche-3 0.25

- 10.50%Repayment is made onquarterly basis

72


259.67

874.29

[200700] Notes - Additional disclosures on balance sheet


to 31/03/2013

01/01/2011 to

31/12/2011

Disclosure of additional balance sheet notes explanatory [TextBlock] Textual information (33) [See below]

Other money for which company is contingently liable 44.79 41.13

Total contingent liabilities 44.79 41.13

Estimated amount of contracts remaining to be executed on capital account and not provided for

83.28 153.49

Total commitments 83.28 153.49

Total contingent liabilities and commitments 128.07 194.62

Amount of dividends proposed to be distributed to equity shareholders 0 0

Amount of per share dividend proposed to be distributed to equity shareholders

[INR/shares] 0 [INR/shares] 0

Percentage of equity shares held up by foreign holdings (A) 100.00%

Deposits accepted or renewed during period 0 0

Deposits matured and claimed but not paid during period 0 0

Deposits matured and claimed but not paid 0 0

Deposits matured but not claimed 0 0

Interest on deposits accrued and due but not paid 0 0

Share application money received during year 0 0

Share application money paid during year 0 0

Amount of share application money received back during year 0 0

Amount of share application money repaid returned back during year 0 0

Number of person share application money paid during year [pure] 0 [pure] 0

Number of person share application money received during year [pure] 0 [pure] 0

Number of person share application money paid as at end of year [pure] 0 [pure] 0

Number of person share application money received as at end of year [pure] 0 [pure] 0

Whether maintenance of cost records by company has been mandated under any cost accounting records rules notified under section 209(1)(d) of companies act,1956

No No

Whether audit of cost records of company has been mandated by central government under section 233B of Companies Act, 1956

No No

Unclaimed share application refund money 0 0

Unclaimed matured debentures 0 0

Unclaimed matured deposits 0 0

Interest unclaimed amount 0 0

Footnotes (A) METRO Cash & Carry International GmbH - holding company99.99% Metro International Beteiligungs GmbH0.01%

73



Disclosure of additional balance sheet notes explanatory [Text Block]

11. Other current liabilities Current maturities of long-term debt* *Details of securities and repayment terms Secured by a corporate guarantee issued by Metro AG (the ultimate holding company) There has been no default in the repayment of principal and interest on the above loans as at the period end. The above loan has been taken from various banks at interest rates and repayment terms are as detailed below: Rs Million


BulletRepayment

Date of Repayment

InterestRate perannum

Terms of repayment

ECB - Royal bank ofScotland

Tranche-3 -


Tranche-5 -


Tranche-6 -


Calyon

Tranche-1 100.00

-

14-Aug-13 10.70% One time bullet repayment

Tranche-2 150.00

-

24-Sep-13 11.45% One time bullet repayment

HSBC Rent Works

Tranche-1 8.20

-

15th day of first month of subsequentquarter.

10.50% Repayment is made onquarterly basis

Tranche-2 1.22

-

10.50%Repayment is made onquarterly basis

Tranche-3 0.25

-

10.50% Repayment is made onquarterly basis

259.67

874.29

34. Dues to micro and small suppliers The Ministry of Micro, Small and Medium Enterprises has issued an office memorandum dated 26 August 2008 which recommends that theMicro and Small Enterprises should mention in their correspondence with its customers the Entrepreneurs Memorandum Number as allocatedafter filing of the Memorandum in accordance with the ?Micro, Small and Medium Enterprises Development Act, 2006 (?the MSMED Act?).Accordingly, the disclosure in respect of the amounts payable to such enterprises as at 31 March 2013 has been made in the financial statementsbased on information received and available with the Company. Further in view of the Management, the impact of interest, if any, that may bepayable in accordance with the provisions of the Act is not expected to be material. The Company has not received any claim for interest fromany supplier as at the balance sheet date.

RsMillion

Particulars

For theperiod from 1January 2012to 31 March2013

For theyearended 31December2011

The principal amount and the interest due thereon (to be shown separately) remaining unpaid to any supplier as at theend of each accounting period;

- Principal 6.78 3.14

- Interest 0.15 0.05

The amount of interest paid by the buyer in terms of section 16, of the Micro Small and Medium Enterprise Development Act, 2006 along with the amounts of the payment made to the supplier beyond the appointed day during each accounting period;

- -

74


The amount of interest due and payable for the period of delay in making payment (which have been paid but beyondthe appointed day during the period) but without adding the interest specified under Micro Small and Medium Enterprise Development Act, 2006;

- -

The amount of interest accrued and remaining unpaid at the end of each accounting period; and 0.17 0.02

The amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues as above are actually paid to the small enterprise for the purpose of disallowance as a deductibleexpenditure under section 23 of the Micro Small and Medium Enterprise Development Act, 2006.

- -

46. In view of the continuous cash losses during the current year, the net-worth of the Company continues to erode as at 31 March 2013. Based onmanagement plans and having consideration to the forecasts for the future periods, the management is confident of generating cash profits in theforeseeable future.

47. The financial statements for the current period from January 1, 2012 to March 31, 2013 are for an accounting period of fifteen months and thefinancial statements for the previous year from January 1, 2011 to December 31, 2011 are for an accounting period of twelve months. The financial statements for the year ended December 31, 2011 had been prepared as per the then applicable, pre-revised Schedule VI to theCompanies Act, 1956. Consequent to the notification of Revised Schedule VI under the Companies Act, 1956, the financial statements for the 15months ended March 31, 2013 are prepared as per Revised Schedule VI. Accordingly, the previous year figures have also been reclassified toconform to this year?s classification. The adoption of Revised Schedule VI for previous year figures does not impact recognition andmeasurement principles followed for preparation of financial statements.

[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates


to 31/03/2013

Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [TextBlock]


75



Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]1. Company overview Metro Cash & Carry India Private Limited ("the Company") was incorporated on 18 January 2001 as a private limited company under theCompanies Act, 1956. The Company operates wholesale centers across various cities in India under the ?Metro? brand. As on 31 March 2013,the Company has 15 distribution centers. The Company has its registered office in Bangalore.

2. Significant accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared and presented under the historical cost convention on the accrual basis of accounting and complywith Accounting Standards (?AS?) prescribed in the Companies (Accounting Standard) Rules 2006, as amended, other pronouncements of theInstitute of Chartered Accountants of India (?ICAI?) and the relevant provisions of the Companies Act, 1956, to the extent applicable. TheAccounting policies have been consistently applied by the Company. The financial statements are presented in Indian rupees and rounded off tothe nearest million. The management evaluates all recently issued or revised accounting standards on an on-going basis. Pursuant to ICAI Announcement?Accounting for Derivatives? on the early adoption of Accounting Standard AS 30 ?Financial Instruments: Recognition and Measurement?, theCompany has early adopted the Standard, to the extent that the adoption does not conflict with existing mandatory accounting standards and otherauthoritative pronouncements, Company Law and other regulatory requirements. This is the first period of application of the Revised Schedule VI to the Companies Act, 1956 for the preparation of the financial statements of theCompany. The Revised Schedule VI introduces some significant conceptual changes as well as new disclosures. These include classification of allassets and liabilities into current and non-current. The previous year figures have also undergone a major reclassification to comply with therequirements of the Revised Schedule VI. All assets and liabilities have been classified as current or non-current as per the Company?s normal operating cycle and other criteria set out inthe Revised Schedule VI to the Companies Act, 1956.

2.2 Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles in India requires the management to makeestimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities on the date of thefinancial statements. Actual results could differ from those estimates. Any revision to accounting estimates is recognized prospectively in currentand future periods.

2.3 Fixed assets Fixed assets are carried at cost of acquisition or construction less accumulated depreciation. The cost of fixed assets includes freight, duties, taxesand other incidental expenses related to the acquisition or construction of the respective assets. Leases under which the Company assumes substantially all the risks and rewards of ownership are classified as finance leases. Such assets arecapitalized at fair value of the asset or present value of the minimum lease payments at the inception of the lease, whichever is lower. Advances paid towards the acquisition of fixed assets outstanding at each balance sheet date are shown under capital advances which is shownunder long-term loans and advances. The cost of the fixed assets not ready for their intended use before such date, are disclosed as capitalwork-in-progress. Operating software is recorded at acquisition cost and capitalized along with the related fixed assets. Application software is expensed onacquisition except in case of major application software, which are capitalized, if in the view of the management it has an enduring benefit.

Depreciation Depreciation is provided on the straight-line method over the estimated useful lives of the fixed asset from the beginning of the month in whichthe asset is ready to use. The rates of depreciation prescribed in Schedule XIV to the Companies Act, 1956 are considered as the minimum rates.If the Management?s estimate of the useful life of a fixed asset at the time of acquisition or of the remaining useful life on a subsequent review isshorter than that envisaged in the aforesaid schedule, depreciation is provided at a higher rate based on the management?s estimate of the usefullife/ remaining useful life. Pursuant to this policy, depreciation on fixed assets has been provided at the rates, based on the following estimateduseful lives of the fixed assets:

Asset Description Useful Life (No. of Years)

Buildings (including improvements) 15 to 30

Plant and machinery 4 to 20

Computers 3 to 5

Computer software (intangible assets) 3 to 5

Furniture and fixtures 10 to 15

Office equipment 5 to 10

Vehicles 4

Buildings on leasehold land are amortised over the lease term or useful life, whichever is lower. Freehold land is not depreciated. Consideration paid for acquiring leasehold land is amortized over the lease term. Leasehold improvements are amortized over the lease term oruseful life of the asset, whichever is lower. Depreciation on assets acquired during the year is provided from the month of such acquisition. Depreciation on assets disposed off is provided

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up to the month of disposal. Fixed assets costing less than Rs 11,000 are fully depreciated in the year of purchase except trolleys costing less than Rs 11,000 for a new storewhich are capitalized under plant and machinery and depreciated over a period of 4 years being the useful life as estimated by the managementconsidering the nature of the Company?s operations.

2.4 Inventories Inventories are valued at the lower of cost and net realizable value. Cost comprises purchase price and all incidental expenses incurred in bringingthe inventory to its present location and condition. The Company follows the weighted average method for determining the cost of inventories.The comparison of cost and net realizable value is made on an item-by-item basis. A provision for inventory obsolescence is assessed on a periodic basis.

2.5 Revenue recognition Revenue from sale of products is recognized on transfer of all significant risks and rewards of ownership of products to the buyers. Revenues arerecorded net of trade discounts, quantity discounts and value added tax. Excise duty is not applicable to the activities of the Company. Interest on deployment of surplus funds is recognized using the time-proportion method, based on underlying interest rates. Revenue from services rendered is recognized when related services are rendered unless significant future uncertainties exist.

2.6 Foreign exchange transactions Foreign currency transactions are recorded at the rates of exchange prevailing on the dates of the respective transactions. Exchange differencesarising on foreign exchange transactions settled during the year are recognized in the statement of profit and loss of the year. Foreign currency denominated monetary assets and liabilities are translated at exchange rates in effect at the balance sheet date. The gains orlosses resulting from such translations are included in the statement of profit or loss. Non-monetary assets and non-monetary liabilitiesdenominated in a foreign currency and measured at historical cost are translated at the exchange rate prevalent at the date of transaction. Forward exchange contracts and other similar instruments that are not in respect of forecasted transactions are accounted for using the guidance inAccounting Standard (?AS?) 11, ?The effects of changes in foreign exchange rates?. For such forward exchange contracts and other similarinstruments covered by AS 11, based on the nature and purpose of the contract, either the contracts are recorded based on the forward rate/fairvalue at the reporting date, or based on the spot exchange rate on the reporting date. For contracts recorded at the spot exchange rates, thepremium or discount at the inception is amortized as income or expense over the life of the contract. For forward exchange contracts and other derivatives that are not covered by AS 11 that relates to a firm commitment or highly probable forecasttransactions, the Company has adopted the principles of Accounting Standard ('AS') 30, ?Financial Instruments: Recognition and Measurement?(hereinafter referred to as AS 30). The derivative instruments which are termed as financial assets/ liability in accordance with the principle of AS30 are accounted as fair value through the statement of profit and loss and any subsequent change in measurement is also routed through thestatement of profit and loss.

2.7 Employee retirement benefits Defined contribution plan: Contributions to the employees? provident fund and Employees? State Insurance are as per statute and are recognized as an expense in the year inwhich the employees perform the services. In respect of Provident Fund as exempted under section 17 of the Employees' Provident Fund andMiscellaneous Provisions Act, the Company provides an undertaking to provide and credit to members? accumulation with a minimum interestrate as notified by the Government. The shortfall, if any, to service the minimum notified rate is treated as a defined benefit obligation. Defined benefit plan: Provision for gratuity, which is a defined benefit scheme, is accrued based on an actuarial valuation at the balance sheet date, carried out by anindependent actuary. Actuarial gains and losses are recognized immediately in the statement of profit and loss. Other long term employee benefits: Provisions for long term compensated absences are accrued based on an actuarial valuation at the balance sheet date, carried out by anindependent actuary.

2.8 Investments Investments are classified as current or long term based on management?s intention at the time of purchase. Current investments are carried atlower of cost and market value determined separately for each individual investment. Long term investments (including interest in partnership firms) are carried at cost less diminution, other than temporary in value, determinedseparately for each individual investment.

2.9 Taxation Income-tax expense comprises current tax (i.e. amount of tax for the period determined in accordance with the income-tax law) and deferred taxcharge or credit (reflecting the tax effects of timing differences between accounting income and taxable income for the period). The deferred tax charge or credit and the corresponding deferred tax liabilities or assets are recognized using the tax rates that have been enactedor substantially enacted by the balance sheet date. Deferred tax assets are recognized only to the extent there is reasonable certainty that the assets

77


can be realized in future; however, where there is unabsorbed depreciation or carried forward loss under taxation laws, deferred tax assets arerecognized only if there is a virtual certainty of realization of such assets. Deferred tax assets/ liabilities are reviewed as at each balance sheet dateand written down or written-up to reflect the amount that is reasonably/ virtually certain (as the case may be) to be realized.

The Company offsets on a year on year basis, the current tax assets and liabilities, when it has a legally enforceable right and when it intends tosettle such assets and liabilities on a net basis.

2.10 Earnings/(loss) per share Basic earning / (loss) per share: The calculation of basic earning / (loss) per share for the year / period is based on the profit / (loss) attributable to equity share holders andweighted average number of equity shares outstanding.

Diluted earning / (loss) per share: The calculation of diluted earning / (loss) per share for the year / period is based on the profit / (loss) attributable to equity share holders andweighted average number of equity shares outstanding after adjustment for the effects of all dilutive potential equity shares. In computing dilutedearnings per share, only potential equity shares that are dilutive and which either reduces earnings per share or increase loss per share areincluded.

2.11 Impairment of assets The Company assesses at each balance sheet date whether there is any indication that an asset or a group of assets comprising a cash-generatingunit may be impaired. If any such indication exists, the Company estimates the recoverable amount of the asset. For an asset or group of assetsthat does not generate largely independent cash inflows, the recoverable amount is determined for the cash-generating unit to which the assetbelongs. If such recoverable amount of the asset or the recoverable amount of the cash-generating unit to which the asset belongs is less than itscarrying amount, the carrying amount is reduced to its recoverable amount. The reduction is treated as an impairment loss and is recognized in thestatement of profit and loss. If at the balance sheet date there is an indication that if a previously assessed impairment loss no longer exists, therecoverable amount is reassessed and the asset is reflected at the recoverable amount subject to a maximum of depreciable historical cost. Animpairment loss is reversed only to the extent that the carrying amount of asset does not exceed the net book value that would have beendetermined; if no impairment loss had been recognized.

2.12 Provisions and contingent liabilities The Company recognizes a provision when there is a present obligation as a result of a past obligating event that probably requires an outflow ofresources and a reliable estimate can be made of the amount of the obligation. A disclosure for a contingent liability is made when there is apossible obligation or a present obligation that may, but probably will not, require an outflow of resources. Where there is a possible obligationor a present obligation that the likelihood of outflow of resources is remote, no provision or disclosure is made. Provisions for onerous contracts, i.e. contracts where the expected unavoidable costs of meeting the obligations under the contract exceed theeconomic benefits expected to be received under it, are recognized when it is probable that an outflow of resources embodying economic benefitswill be required to settle a present obligation as a result of an obligating event, based on a reliable estimate of such obligation.

2.13 Cash flow statement Cash flows are reported using the indirect method, whereby net profit before tax is adjusted for the effects of transactions of a non-cash natureand any deferrals or accruals of past or future cash receipts or payments. The cash flows from regular revenue generating, investing and financingactivities of the Company are segregated. Cash and cash equivalents in the cash flow statement comprise cash on hand, balance in banks in current account and bank deposits.

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[201200] Notes - Employee benefits

Disclosure of defined benefit plans [Table] ..(1)


Defined benefit plans [Axis] Defined benefit plans [Member]Domestic defined

benefit plans[Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/201131/12/2010

01/01/2012 to

31/03/2013 Disclosure of defined benefit plans [Abstract] Disclosure of defined benefit plans [LineItems] Reconciliation of changes in present value of defined benefit obligation [Abstract] Changes in defined benefit obligation, at present value [Abstract] Increase (decrease) through current service cost, defined benefit obligation, at present value

155.59 44.47 155.59

Increase (decrease) through interest cost, defined benefit obligation, at present value

27.23 24.61 27.23

Increase (decrease) through actuarial losses (gains), defined benefit obligation, at present value

-19.19 -17.96 -19.19

Contributions by plan participants, defined benefit obligation, at present value

16.6 43.4 16.6

Decrease through benefits paid, defined benefit obligation, at present value

77.23 27.37 77.23

Total changes in defined benefit obligation, at present value

141.38 103.07 141.38

Defined benefit obligation, at present value at end of period

485.83 344.45 241.38 485.83

Reconciliation of changes in fair value of plan assets [Abstract] Changes in plan assets, at fair value [Abstract] Increase (decrease) through actuarial gains (losses), plan assets, at fair value

-0.57 0.39 -0.57

Increase (decrease) through expected return, plan assets, at fair value

37.24 28.85 37.24

Decrease through benefits paid, plan assets, at fair value

77.23 27.37 77.23

Increase (decrease) through contributions by plan participants, plan assets, at fair value

16.6 43.4 16.6

Increase (decrease) through contributions by employer, plan assets, at fair value

137.36 39.37 137.36

Total changes in plan assets, at fair value

113.4 84.64 113.4

Plan assets, at fair value at end of period 400.29 286.88 202.24 400.29

Recognised assets and liabilities of defined benefit plans [Abstract] Recognised liabilities, defined benefit plan

485.83 344.45 485.83

Recognised assets, defined benefit plan 400.29 286.88 400.29

Net liability (asset) of defined benefit plans

85.54 57.57 85.54

Reconciliation of liability asset of defined benefit plans [Abstract] Defined benefit obligation, at present value

485.83 344.45 241.38 485.83

79


Plan assets, at fair value 400.29 286.88 202.24 400.29

Net liability (asset) of defined benefit plans

85.54 57.57 85.54

Recognised expense of defined benefit plans [Abstract] Current service cost, defined benefit plan 155.59 44.47 155.59

Interest cost, defined benefit plan 27.23 24.61 27.23

Expected return on plan assets, defined benefit plan

-37.24 -28.85 -37.24

Actuarial gains (losses) recognised in profit or loss, defined benefit plan

19.74 17.56 19.74

Total post-employment benefit expense, defined benefit plans

200.32 80.37 200.32

Actuarial assumption [Abstract] Actuarial assumption of discount rates 7.90% 8.30% (A) 7.90%

Actuarial assumption of expected rates of return on plan assets

8.70% 8.50% (B) 8.70%

Actuarial assumption of expected rates of salary increases

8.00% 8.00% (C) 8.00%

Experience adjustments on plan assets and plan liabilities [Abstract] Defined benefit obligation, at present value

485.83 344.45 241.38 485.83

Plan assets, at fair value 400.29 286.88 202.24 400.29

Net surplus (deficit) in plan -85.54 -57.57 -85.54

Footnotes (A) Provident fund plan obligation 7.90% Gratuity obligation 7.90%

(B) Provident fund plan obligation 8.70% Gratuity obligation 8.00%

(C) Provident fund plan obligation 8.00% Gratuity obligation 8.00%

80


Disclosure of defined benefit plans [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INRDefined benefit plans [Axis] Domestic defined benefit plans [Member]

01/01/2011 to

31/12/201131/12/2010

Disclosure of defined benefit plans [Abstract] Disclosure of defined benefit plans [LineItems] Reconciliation of changes in present value of defined benefit obligation [Abstract] Changes in defined benefit obligation, at present value [Abstract] Increase (decrease) through current service cost, defined benefit obligation, at present value

44.47

Increase (decrease) through interest cost, defined benefit obligation, at present value

24.61

Increase (decrease) through actuarial losses (gains), defined benefit obligation, at present value

-17.96

Contributions by plan participants, defined benefit obligation, at present value

43.4

Decrease through benefits paid, defined benefit obligation, at present value 27.37

Total changes in defined benefit obligation, at present value 103.07

Defined benefit obligation, at present value at end of period 344.45 241.38

Reconciliation of changes in fair value of plan assets [Abstract] Changes in plan assets, at fair value [Abstract] Increase (decrease) through actuarial gains (losses), plan assets, at fair value

0.39

Increase (decrease) through expected return, plan assets, at fair value 28.85

Decrease through benefits paid, plan assets, at fair value 27.37

Increase (decrease) through contributions by plan participants, plan assets, at fair value

43.4

Increase (decrease) through contributions by employer, plan assets, at fair value

39.37

Total changes in plan assets, at fair value 84.64

Plan assets, at fair value at end of period 286.88 202.24

Recognised assets and liabilities of defined benefit plans [Abstract] Recognised liabilities, defined benefit plan 344.45

Recognised assets, defined benefit plan 286.88

Net liability (asset) of defined benefit plans 57.57

Reconciliation of liability asset of defined benefit plans [Abstract] Defined benefit obligation, at present value 344.45 241.38

Plan assets, at fair value 286.88 202.24

Net liability (asset) of defined benefit plans 57.57

Recognised expense of defined benefit plans [Abstract] Current service cost, defined benefit plan 44.47

Interest cost, defined benefit plan 24.61

Expected return on plan assets, defined benefit plan -28.85

Actuarial gains (losses) recognised in profit or loss, defined benefit plan 17.56

Total post-employment benefit expense, defined benefit plans 80.37

Actuarial assumption [Abstract] Actuarial assumption of discount rates (A) 8.30%

Actuarial assumption of expected rates of return on plan assets (B) 8.50%

Actuarial assumption of expected rates of salary increases (C) 8.00%

Experience adjustments on plan assets and plan liabilities [Abstract] Defined benefit obligation, at present value 344.45 241.38

Plan assets, at fair value 286.88 202.24

Net surplus (deficit) in plan -57.57

Footnotes (A) Provident fund plan obligation 8.30% Gratuity obligation 8.30%

(B) Provident fund plan obligation 8.50% Gratuity obligation 8.00%

(C) Provident fund plan obligation 8.00% Gratuity obligation 8.00%

81



to 31/03/2013

Disclosure of employee benefits explanatory [TextBlock] Textual information (35) [See below]

82



Disclosure of employee benefits explanatory [Text Block]Employee benefits: (a) Post employment benefit plans (i) The Company has recognised, in the statement of profit and loss for the period ended 31 March 2013 an amount of Rs 100.65 Million(previous year: Rs 50.34 million) expenses under defined contribution plans (note 24) Rs Million

Particulars For the period from 1 January 2012 to 31 March 2013

For the year ended 31 December 2011

Provident fund 87.42 42.63

Employee state insurance 10.71 5.08

Family pension fund 2.52 2.63

100.65 50.34

(ii) The Company's provident fund is exempted under section 17 of Employees' Provident Fund Act, 1952. Conditions for grant of exemptionstipulates that the employer shall make good deficiency, if any, in the interest rate declared by trust over the statutory limit. Having regard to theassets of the fund and the return on the investments, the Company does not expect any deficiency in the foreseeable future.

Rs Million

Provident fund plan obligationAs at 31 Mar 2013

As at 31 Dec 2011

As at 31 Dec 2010

As at 31 Dec 2009

As at 31 Dec 2008

(A) Obligations at the beginning of the year 288.40 207.10 133.19 96.23 60.17

Add: Current service cost 128.89 35.98 23.90 20.14 17.03

Add: Interest cost 21.95 22.02 9.10 7.02 4.76

Add: Actuarial losses/ (gains) due to change inassumptions/interest rate guarantee

11.77 3.34 (4.46) (0.34) 1.77

Less: Benefits paid during the year (66.96) (23.44) (13.87) (16.85) (11.19)

Employees contribution 16.60 43.40 24.00 23.67 22.29

Transfer in - - 35.24 3.32 4.21

Settlements - - - - (2.81)

Obligations at the end of the year 400.65 288.40 207.10 133.19 96.23

B) Reconciliation of opening and closing balancesof the fair value of plan assets

Fair value of plan assets at the beginning of theyear

284.75 201.48 126.84 92.26 56.85

Add: Expected return on plan assets 37.02 28.75 11.59 9.07 5.95

Employer contribution 127.06 34.56 19.39 18.71 21.24

Employee contribution 16.60 43.40 24.00 23.67 22.28

Less: Actuarial loss - - (1.71) (3.34) (0.06)

Less: Benefits paid (66.96) (23.44) (13.87) (16.85) (11.19)

Transfer in - - 35.24 3.32 0.00

Settlements - - - - (2.81)

Fair value of plan assets at the end of the year 398.47 284.75 201.48 126.84 92.26

C) Reconciliation of present value of definedbenefit obligation and the fair value of plan assetsto the assets and liabilities recognised in thebalance sheet:

Present value of obligation as at the period end 400.65 288.40 207.10 133.19 96.23

Less: Fair value of plan assets as at the period end 398.47 284.75 201.48 126.84 92.26

Amount to be recognised in the balance sheet (2.18) (3.65) (5.62) (6.35) (3.97)

Less: Recognised 2.18 3.65 5.62 6.35 3.97

(Shortfall) / Excess - - - - -

Rs Million

For the period from For the yearFor the year ended

For the year For the year

83


1 Jan 2012 to 31 Mar 2013

ended 31 Dec 2011

31 Dec 2010 ended 31 Dec 2009

ended 31 Dec 2008

D) Expenses recognised in profit and loss accountunder ?personnel cost? in note 24*

Current service cost 128.89 35.98 23.90 20.14 17.03


Less: Expected return on plan assets (37.02) (28.75) (11.59) (9.07) (5.95)

Add: Actuarial Losses / (gains) due to change inassumptions

11.77 3.34 (2.76) 3.00 1.83

125.59 32.59 18.65 21.09 17.67

E) Investment details of plan assets

Government securities 25.00% 0.00% 0.00% 0.00% 30.40%

Securities guaranteed by the government 0.00% 0.00% 0.00% 0.00% 14.03%

Equities 0.00% 0.00% 0.00% 0.00% 0.00%

Private sector bonds/debts (Balanced fund, Bondfund & Floating rate fund)

75.00% 98.00% 98.00% 98.00% 51.57%

Bank balances (cash/special deposit) 0.00% 2.00% 2.00% 2.00% 4.00%

Assumptions

Discount rate per annum 7.90% 8.30% 7.90% 7.30% 8.00%

Expected return on plan assets 8.70% 8.50% 8.50% 8.50% 8.50%

Expected salary increase per annum 8.00% 8.00% 5.00% 5.00% 7.50%

Average past services of employees 2.42 years 2.13 years 3.02 years 2.74 years 1.8 year

Mortality rate

Indian AssuredLives Mortality(2006-08)Modified Ultimate

LIC Ultimate(1994-96) tableof Mortalityrate



LIC Ultimate(1994-96) tableof Mortalityrate

* including the interest for the shortfall

(b) Defined benefit plans: (i) Gratuity is applicable to all permanent and full time employees of the Company. Gratuity to be paid to employees is based on the provisions ofThe Payment of Gratuity Act, 1972 (Gratuity Act). The entire contribution is borne by the Company. The Company recognizes actuarial gains andlosses as and when the same arise. The charge in this respect is taken to the statement of profit and loss. (ii) The company operates funded post retirement defined benefit plan for gratuity. (iii) Details of the post retirement gratuity plan are as follows:

Rs Million

Gratuity obligationAs at 31 Mar 2013

As at 31 Dec2011

As at 31 Dec 2010

As at 31 Dec 2009

As at 31 Dec 2008

Obligations at the beginning of the year 56.05 34.28 26.80 23.81 15.56

Add: Current service cost 26.70 8.49 7.42 6.62 6.90


Add: Actuarial losses/ (gains) due to change inassumptions / interest rate guarantee

7.42 14.62 4.41 0.59 1.44

Less: Benefits paid during the year (10.27) (3.93) (5.63) (5.45) (1.81)

Less: Premium paid - (0.40) (0.35) 0.00

Obligations at the end of the year 85.18 56.05 34.28 26.80 23.81

B) Reconciliation of opening and closing balances ofthe fair value of plan assets

Fair value of plan assets at the beginning of the year 2.14 0.76 0.24 4.79 3.26

Add: Expected return on plan assets 0.22 0.10 0.02 0.22 0.20

Less: Actuarial loss (0.56) 0.40 0.27 (0.40) (0.19)

Add: Contributions 10.30 4.81 6.26 1.43 3.33

Less: Benefits paid (10.27) (3.93) (5.63) (5.45) (1.81)

Premiums paid - - (0.40) (0.35) 0.00

Fair value of plan assets at the end of the year 1.82 2.14 0.76 0.24 4.79

84


C) Reconciliation of present value of defined benefitobligation and the fair value of plan assets to theassets and liabilities recognised in the balance sheet:

Present value of obligation as at the period end 85.18 56.05 34.28 26.80 23.81

Less: Fair value of plan assets as at the period end (1.82) (2.14) (0.76) (0.24) (4.79)

Amount to be recognised in the balance sheet 83.37 53.91 33.52 26.56 19.02

Less: Recognised (83.37) (53.91) (33.52) (24.30) (19.02)

Less: Payment - - (2.26) 0.00

(Shortfall) / Excess - - - - 0.00

D) Expenses recognised in statement of profit and lossunder ?personnel cost? in note 24:

26.70 8.49 7.42 6.62 6.90

Current service cost 5.28 2.59 1.68 1.58 1.72

Add: Interest cost (0.22) (0.10) (0.02) (0.22) (0.20)

Less: Expected return on plan assets 7.97 14.22 4.14 0.00 1.63

Add: Actuarial Losses / (gains) due to change inassumptions

39.73 25.20 13.22 7.98 10.05

E) Investment details of plan assets

Government securities 0% 0% 0% 0% 0%

Securities guaranteed by the government 0% 0% 0% 0% 0%

Equities 0% 0% 0% 19.80% 0%

Private sector bonds/debts (Balanced fund, Bond fund& Floating rate fund)

0% 0% 0% 80.20% 100.00%

Others (inclusing the assets under scheme ofInsurance)

82% 21% 29% 0% 0%

Bank balances (cash/special deposit) 18% 79% 71% 0% 0%

Assumptions

Discount rate per annum 7.90% 8.30% 8.00% 7.00% 7.50%

Interest rate per annum 8.00% 8.00% 9.50% 8.00% 8.00%

Expected return on plan assets 8.00% 8.00% 8.00% 8.00% 8.00%

Expected salary increase per annum 8.00% 8.00% 5.00% 5.00% 7.50%

Average past services of employees 2.42 years 2.13years

3.02 years 2.74 years 1.8 years

Mortality rateIndian Assured LivesMortality (2006-08)Modified Ultimate

LIC(1994-96)Ultimate

Indian AssuredLives Mortality(1994-96) ModifiedUltimate

Indian AssuredLives Mortality(1994-96) ModifiedUltimate

LIC(1994-96) table ofMortalityrate

85


[201300] Notes - Segments

Disclosure of primary reportable segments [Table] ..(1)


Enterprise's primary reportable segments [Axis] Primary reportable segments [Member] Primary reportable segments 1[Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011 Disclosure of reportable segments [Abstract] Disclosure of primary reportable segments [Abstract] Disclosure of primary reportable segments [LineItems]

Nature of primary reportable segment 1 . F o o d 2. Non Food 3. Un Allocated

1 . F o o d 2. Non Food 3. Un Allocated

Food Food

Revenue primary reportable segment 31,655 16,776.13 25,780.75 13,015.51

Total revenues from external customers and transactions with other reportable segments of same enterprise primary reportable segment

31,655 16,776.13 25,780.75 13,015.51

Segment result primary reportable segment -3,204.2 -888.54 1,610.5 819.04

Assets primary reportable segment 15,044.24 11,397.43 6,370.54 4,653.86

Liabilities primary reportable segment 7,496.62 7,145.62 484.94 185

Depreciation and amortisation expense primary reportable segment

452.51 237.66 269.25 121.97

Description of types of products and services included in each reported segment primary reportable segment



Food Food

Disclosure of primary reportable segments [Table] ..(2)


Enterprise's primary reportable segments [Axis] Primary reportable segments 2[Member]

Primary reportable segments 3[Member]

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011 Disclosure of reportable segments [Abstract] Disclosure of primary reportable segments [Abstract] Disclosure of primary reportable segments [LineItems]

Nature of primary reportable segment Non Food Non Food Un Allocated Un Allocated

Revenue primary reportable segment 5,734.32 3,236.28 139.93 524.34

Total revenues from external customers and transactions with other reportable segments of same enterprise primary reportable segment

5,734.32 3,236.28 139.93 524.34

Segment result primary reportable segment 715.88 484.81 -5,530.58 -2,192.39

Assets primary reportable segment 3,827.69 2,834.04 4,846.01 3,909.53

Liabilities primary reportable segment 129 331.92 6,882.68 6,628.7

Depreciation and amortisation expense primary reportable segment

148.86 67.15 34.4 48.54

Description of types of products and services included in each reported segment primary reportable segment

Non Food Non Food Un Allocated Un Allocated


to 31/03/2013

Disclosure of enterprise's reportable segments explanatory [TextBlock] Textual information (36) [See below]

86



Disclosure of enterprise's reportable segments explanatory [Text Block]Segment information Information about primary business segments:

Rs

Million

For the periodfrom 1 January2012 to 31 March 2013

For the yearended 31 December2011

Food Non Food UnAllocated

Total Food Non Food UnAllocated

Total

(i) Segment revenue

External sales 25,780.75 5,733.67

-

31,514.42

13,012.15

3,236.00

-

16,248.15

Other operating revenues - 0.65

83.16

83.81

3.36

0.28

15.61

19.25

Other income - -

56.77

56.77

508.73

508.73

25,780.75 5,734.32

139.93

31,655.00

13,015.51

3,236.28

524.34

16,776.13

(ii) Segment result

Loss before interest &taxation

1,610.50 715.88

(4,942.15)

(2,615.77)

819.04

484.81

(1,892.23)

(588.38)

Interest - -

(588.43)

(588.43)

-

-

(300.16)

(300.16)

Provision for taxation - -

-

-

-

-

-

-

(iii) Loss after taxation (3,204.20)

(888.54)

As at 31 March 2013


Food Non Food

Un Allocated

Total Food Non Food Un Allocated

Total

(iv) Total assets

Segment assets

Fixed assets (net) 4,940.08 2,949.29

1,702.46

9,591.82

4,007.67

2,397.16

2,240.90

8,645.73

Long term loans andadvances

- -

535.60

535.60

-

-

220.25

220.25

Other Non current assets - -

31.57

31.57

-

-

29.11

29.11

Current assets 1,430.46 878.40

2,576.38

4,885.24

646.19

436.88

1,419.28

2,502.35

6,370.54 3,827.69

4,846.01

15,044.23

4,653.86

2,834.04

3,909.53

11,397.44

(v) Total liabilities

Segment liabilities

Current liabilities 484.94 129.00

3,763.90

4,377.83

185.00

331.92

3,421.62

3,938.54

87


Non current liabilities - - 3,118.79 3,118.79 - - 3,207.09 3,207.09

484.94 129.00

6,882.68

7,496.62

185.00

331.92

6,628.70

7,145.62

(vii) Addition to segment fixedassets during the year

(Including incrementalcapital work in progress)

762.68 436.58

204.30

1,403.55

414.32

241.89

399.66

1,055.87

(viii)

Total amount ofsignificant non cashexpenses included insegment result.

Depreciation 269.25 148.86

34.40

452.52

121.97

67.15

48.54

237.66

Notes: 1. Business segment: The Business Segment has been considered as the primary segment for disclosure. The products included in the reported segment are as follows: Food segment - confectionery, groceries, dairy and bakery products, toiletries, beverages and drinks, fresh and frozen food etc. Non food segment - garments, electronic and consumer goods, office and household consumables, furniture, footwear and luggage etc.

2. Geographical segment: The Company operates in a single geographical segment (India) and is not subjected to different risks and returns. Accordingly results forgeographical segment have not been reported.

3. Revenue comprises: External sales - sales to customers. Other operating revenues - instore advertisement, miscellaneous income. Other income - interest and gain on desposal of assets (net).

[201600] Notes - Related party

Disclosure of relationship and transactions between related parties [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INRCategories of related parties [Axis] 1 2

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011 Disclosure of relationship and transactions between related parties [Abstract] Disclosure of relationship and transactions between related parties [LineItems]

Name of related party Metro Group buyingGmbH

Metro Group buyingGmbH

Metro Group buyingInternational GmbH

Metro Group buyingInternational GmbH

Country of incorporation or residence of related party

GERMANY GERMANY GERMANY GERMANY

Description of nature of transactions with related party

As specified withtransaction




88




01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


Name of related party Metro Group buyingHK limited

Metro Group buyingHK limited

Metro GroupInformationTechnology GmbH

Metro GroupInformationTechnology GmbH


HONG KONG HONG KONG GERMANY GERMANY






Related party transactions [Abstract] Purchases of goods related party transactions 24.52 6.42

Purchases of tangible assets related party transactions

152.69

Reimbursement of expenses incurred on behalf of company during year related party transactions

0.4

Outstanding balances for related party transactions [Abstract] Amounts payable related party transactions (A) 113.67 (B) 0.01 (C) 6.79

Amounts receivable related party transactions (D) 0.15

Footnotes (A) Trade Payables

(B) Other Current liabilities

(C) Other Current liabilities

(D) Advances recoverable in cash or kind for value to be received



01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


Name of related party Metro Jin JiangCash & Carry

Metro Jin Jiang Cash& Carry

Makro Cash &Carry Polska S.A

Makro Cash & CarryPolska S.A


CHINA CHINA POLAND POLAND






Related party transactions [Abstract] Reimbursement of expenses incurred on behalf of company during year related party transactions

0.03

Reimbursement of expenses incurred by related party during year related party transactions

0.01

Other related party transactions expense (A) 0.01

Outstanding balances for related party transactions [Abstract] Amounts payable related party transactions (B) 0.01

Amounts receivable related party transactions (C) 0.13

89


Footnotes (A) Employee related expenses


(C) Advances recoverable in cash or kind for value to be received



01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


Name of related party

Metro AccountingCenter forExcellence privateLimited

Metro AccountingCenter for Excellenceprivate Limited

Raw Real EstateAsia Pte. Limited

Raw Real Estate AsiaPte. Limited


INDIA INDIA SINGAPORE SINGAPORE

Permanent account number of related party AAHCM0438J AAHCM0438J AAFCR2279E AAFCR2279E







1.15 29.98

Other related party transactions expense (A) 5.22 (B) 27.83 (C) 8.71

Outstanding balances for related party transactions [Abstract] Amounts payable related party transactions (D) 5.57

Amounts receivable related party transactions (E) 21.83 (F) 26.3

Footnotes (A) Professional consultacy fees

(B) Professional consultacy fees

(C) Professional consultacy fees

(D) Other Current liabilities

(E) Advances recoverable in cash or kind for value to be received

(F) Advances recoverable in cash or kind for value to be received

90




01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


Name of related party MCCI Asia Pte Ltd MCCI Asia Pte LtdMetro Cash & CarryVietnam Ltd

Metro Cash & CarryVietnam Ltd


SINGAPORE SINGAPORE VIET NAM VIET NAM







31.09 1.58


0.11

Other related party transactions expense (A) 0.11

Outstanding balances for related party transactions [Abstract] Amounts payable related party transactions (B) 0.11

Amounts receivable related party transactions (C) 0.13 (D) 0.43 (E) 0.07

Footnotes (A) Employee related expenses


(C) Advances recoverable in cash or kind for value to be received

(D) Advances recoverable in cash or kind for value to be received




01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


Name of related party Metro Group assetmanagementservices GmbH

Metro Group assetmanagement servicesGmbH

Metro Cash & CarryPakistan

Metro Cash & CarryPakistan


GERMANY GERMANY PAKISTAN PAKISTAN







0.02


0.11

Other related party transactions expense (A) 3.63 (B) 0.69

Outstanding balances for related party transactions [Abstract] Amounts payable related party transactions (C) 1.21 (D) 0.53 (E) 0.11

91


Footnotes (A) Professional consultacy fees

(B) Professional consultacy fees

(C) Other Current liabilities

(D) Other Current liabilities

(E) Other Current liabilities



01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


Name of related party Metro PropertiesEnergy managementGmbH

Metro PropertiesEnergy managementGmbH

Metro Cash & CarryInternational GmbH

Metro Cash & CarryInternational GmbH


GERMANY GERMANY GERMANY GERMANY

Description of nature of related party relationship Holding company Holding company






Related party transactions [Abstract] Purchases of tangible assets related party transactions

0.34

Reimbursement of expenses incurred on behalf of company during year related party transactions

1.26 0.55

Other related party transactions expense (A) 320.82 (B) 167.11

Outstanding balances for related party transactions [Abstract] Amounts payable related party transactions (C) 69.86 (D) 150.1

Amounts receivable related party transactions (E) 1.26

Footnotes (A) Royalty :315.14 Employee related expenses: 5.68

(B) Royalty :162.48 Employee related expenses: 4.48 Subscription Fees :0.15

(C) Trade Payables

(D) Trade Payables


92




01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


Name of related party Metro AG Metro AGMCC IndiaEmployeesProvident fund Trust

M C C I n d i aEmployees Providentfund Trust


GERMANY GERMANY INDIA INDIA

Permanent account number of related party AABTM0246P AABTM0246P







15.88 0.12

Other related party transactions expense (A) 16.13 (B) 1.23 (C) 66.72

Outstanding balances for related party transactions [Abstract] Amounts payable related party transactions (D) 17 (E) 1.26 (F) 8.87 (G) 7.96

Amounts receivable related party transactions (H) 16.57 (I) 0.02

Footnotes (A) Corporate guarantee fee

(B) Corporate guarantee fee

(C) Contribution to Employee benefit plan

(D) Trade Payables

(E) Trade Payables

(F) Other Current liabilities

(G) Other Current liabilities

(H) Advances recoverable in cash or kind for value to be received

(I) Advances recoverable in cash or kind for value to be received



01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


Name of related party

MCC IndiaEmployeesSuperannuation fundTrust

M C C I n d i aEmployeesSuperannuation fundTrust

Metro Cash & CarryWines

Metro Cash & CarryWines


INDIA INDIA INDIA INDIA

Permanent account number of related party AABTM0247N AABTM0247N AANFM8544L AANFM8544L






Transaction relating to key management personnel [Abstract] Remuneration for key managerial personnel 0 0

Outstanding balances for related party transactions [Abstract] Amounts receivable related party transactions (A) 3.73 (B) 4.71

93


Footnotes (A) Advances recoverable in cash or kind for value to be received

(B) Advances recoverable in cash or kind for value to be received



01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011 Disclosure of relationship and transactions between related parties [Abstract] Disclosure of relationship and transactions between related parties [LineItems] Name of related party Rajeev Bakshi Rajeev Bakshi Venkatesh Tarakkad Venkatesh Tarakkad



Permanent account number of related party AGAPB6353R AGAPB6353R AANPT8474C AANPT8474C






Transaction relating to key management personnel [Abstract] Remuneration for key managerial personnel 57.77 39.64 19.41 3.93



01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011 Disclosure of relationship and transactions between related parties [Abstract] Disclosure of relationship and transactions between related parties [LineItems] Name of related party Mukesh Dugar Mukesh Dugar Alec John Booth Alec John Booth


INDIA INDIAU N I T E DKINGDOM

UNITED KINGDOM

Permanent account number of related party AHFPD4153M AHFPD4153M APIPB0137J APIPB0137J






Transaction relating to key management personnel [Abstract] Remuneration for key managerial personnel 15.26 0 44.07 28.3



01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011 Disclosure of relationship and transactions between related parties [Abstract] Disclosure of relationship and transactions between related parties [LineItems] Name of related party Ajay Singh Ajay Singh Saagarika Ghousal Saagarika Ghousal



Permanent account number of related party BOMPS3062K BOMPS3062K ABTPR2703F ABTPR2703F






Transaction relating to key management personnel [Abstract] Remuneration for key managerial personnel 37.64 28.36 1.72 0

94




01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


Name of related party BouzenethBenaouda

Bouzeneth Benaouda Alok Mehta Alok Mehta


FRANCE FRANCE INDIA INDIA

Permanent account number of related party APJPB8371H APJPB8371H AGXPM5115B AGXPM5115B






Transaction relating to key management personnel [Abstract] Remuneration for key managerial personnel 41.43 20.53 10.55 6.43



01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


Name of related party R RajNarayan R RajNarayanFrederik HermanVan Peski

Frederik Herman VanPeski


INDIA INDIA NETHERLANDS NETHERLANDS

Permanent account number of related party AEIPR2355D AEIPR2355D AVXPP0135F AVXPP0135F






Transaction relating to key management personnel [Abstract] Remuneration for key managerial personnel 0 17.81 0 26.09



01/01/2012 to

31/03/2013

01/01/2011 to

31/12/2011

01/01/2012 to

31/03/2013

01/01/2011 to


Name of related party Jeroen AntoniusLeon Maria Markink

Jeroen Antonius LeonMaria Markink

Sylweriusz Faruga Sylweriusz Faruga


NETHERLANDS NETHERLANDS POLAND POLAND

Permanent account number of related party AREPM3920E AREPM3920E AATPF6942K AATPF6942K






Transaction relating to key management personnel [Abstract] Remuneration for key managerial personnel 0 4.22 0 10.24

95



to 31/03/2013

01/01/2011 to

31/12/2011

Disclosure of notes on related party explanatory [TextBlock] Textual information (37) [See below]

Whether there are any related party transactions during year Yes Yes

Whether company is subsidiary company Yes Yes

Section under which company is subsidiary Section 4(1)(b) Section 4(1)(b)

96



Disclosure of notes on related party explanatory [Text Block]35. Related party transactions (a) Entities under common control with whom transactions have taken place

METRO Group Buying GmbH

METRO Group Buying International GmbH

METRO Group Buying HK Limited

METRO Group Information Technology GmbH

METRO Jin Jiang Cash & Carry

MAKRO Cash & Carry Polska S.A

METRO Accounting Centre for Excellence Private Limited

RAW Real Estate Asia Pte. Limited

MCCI Asia Pte Ltd

METRO Cash & Carry Vietnam Ltd

METRO Group asset management services GmbH

METRO Cash & Carry Pakistan

(b) Entities where control exists

METRO Cash & Carry International GmbH - Holding Company

METRO AG - Ultimate holding Company

(c) Partnership firm in which control exists

METRO Cash & Carry Wines - Company holds 99.99% share

(d) Employees' Benefit Plans where there is significant influence

MCC India Employees' Provident Fund Trust

MCC India Employees' Superannuation Fund Trust

(e) Key Management Personnel

Rajeev Bakshi Managing Director

Venkatesh Tarakkad Director

Mukesh Dugar Director

Alec John Booth Director

Ajay Singh Director

Saagarika Ghoshal Director (w.e.f 11 Feb 2013)

Bouzeneth Benaouda Director (upto 31 Dec 2012)

Alok Mehta Director (upto 30 Sept 2012)

(f) Related party transactions

Rs Million

ParticularsFor the period from 1 January2012 to 31 March 2013


Purchase of trading items - entity under common control

METRO Group Buying HK Limited 24.52 6.42

Purchase of capital items - entity under common control

METRO Group Buying HK Limited 152.69 -

METRO Properties energy management GmbH 0.34 -

Royalty ? entity where control exists

97


METRO Cash & Carry International GmbH 315.14 162.48

Subscription fees - entities where control exists

METRO Cash & Carry International GmbH - 0.15

Professional Consultancy fees - entities under common control exists

RAW Real Estate Asia Pte. Limited 27.83 8.71

METRO Group asset management services GmbH 3.63 0.69

METRO Accounting Centre for Excellence 5.22 -

Employee related expenses - entities under common control

MAKRO Cash & Carry Polska S.A - 0.01

MAKRO Cash & Carry Vietnam - 0.11

Employee related expenses - entity where control exists


Corporate guarantee fee - entity where control exists

METRO AG 16.13 1.23

Contribution to Employee benefit plans where significant influence exists

MCC India Employees' Provident Fund Trust 66.72 -

Reimbursement of expenses ? from entities under common control

METRO Jin Jiang Cash & Carry - 0.03

MCCI Asia Pte Ltd 31.09 1.58

METRO Group Information Technology GmbH 0.40 0.00

METRO Accounting Centre for Excellence Private Limited 1.15 29.98

METRO Group asset management services GmbH - 0.02

Reimbursement of expenses ? from entity where control exists


METRO AG 15.88 0.12

Reimbursement of expenses allowed ? to entities under common control


METRO Cash & Carry Vietnam Ltd - 0.11

METRO Cash & Carry Pakistan 0.11 -

Remuneration to Key Management Personnel ("KPI") Rs Million

ParticularsFor the period from 1 January2012 to 31 March 2013


Rajeev Bakshi 57.77 39.64

Venkatesh Tarakkad 19.41 3.93

Alec John Booth 44.07 28.30

Mukesh Dugar 15.26 0.00

Ajay Singh 37.64 28.36

Saagarika Ghoshal (from 11 Feb 2013) 1.72 -

Bouzeneth Benaouda (upto 31 Dec 2012) 41.43 20.53

R Rajnarayan (upto 31 Oct 2011) - 17.81

Alok Mehta (upto 30 Sep 2012) 10.55 6.43

Frederik Herman van Peski (upto 31 Aug 2011) - 26.09

Jeroen Antonius Leon Maria Markink (upto 31 Oct 2010) - 4.22

98


Sylweriusz Faruga (upto 31 Aug 2010) - 10.24

227.85 185.55

(g) Amount receivable/payable as at balance sheet date:

Rs Million

ParticularsAs at 31 March 2013


Advances recoverable in cash or kind for value to be received - Entities under commoncontrol

METRO Jin Jiang Cash & Carry - 0.13

MCCI Asia Pte Ltd 0.13 0.43

METRO Cash & Carry Vietnam Ltd 0.00 0.07

METRO Accounting Centre for Excellence Private Limited 21.83 26.99

METRO Group asset management services GmbH - -

METRO Group Information Technology 0.15 -

Advances recoverable in cash or kind for value to be received - entity where control exists


METRO AG 16.57 0.02

Advances recoverable in cash or kind for value to be received - Partnership firm in which control exists

METRO Cash & Carry Wines 3.73 4.71

Trade payables - entities under common control

METRO Group Buying HK Limited - 113.67

Other current liabilities - entities under common control

METRO Group Information Technology GmbH 0.01 6.79


RAW Real Estate Asia Pte. Limited - 5.57

MAKRO Cash & Carry Belgium - 0.00

METRO Cash & Carry Vietnam Ltd - 0.11

METRO Group asset management services GmbH 1.21 0.53

METRO Cash & Carry Pakistan Ltd 0.11 -

Trade payables - entities where control exists


METRO AG 17.00 1.26

Other current liabilities - Employees' Benefit Plans where there is significant influence

MCC India Employees Provident Fund Trust 8.87 7.96

Amount due from Key Management Personnel (KPI)

Amount due from KPI as at the year end 1.02 0.89

Maximum amount due at any time during the year 1.58 3.63

The above information has been determined to the extent such parties have been identified on the basis of information provided by the Company,which has been relied upon by the auditors

99


[201400] Notes - Leases

Disclosure of minimum operating lease payments by lessee [Table] ..(1)


Maturity [Axis] Not later than one year [Member] Later than one year and not later thanfive years [Member]

31/03/2013 31/12/2011 31/03/2013 31/12/2011 Disclosure of finance lease and operating lease by lessee [Abstract] Disclosure of operating lease by lessee [Abstract] Disclosure of minimum operating lease payments by lessee [Abstract] Disclosure of operating lease by lessee [LineItems] Minimum operating lease payments payable 201.14 0 870.64 0

Disclosure of minimum operating lease payments by lessee [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INRMaturity [Axis] Later than five years [Member]

31/03/2013 31/12/2011 Disclosure of finance lease and operating lease by lessee [Abstract] Disclosure of operating lease by lessee [Abstract] Disclosure of minimum operating lease payments by lessee [Abstract] Disclosure of operating lease by lessee [LineItems] Minimum operating lease payments payable 7,094.48 0


to 31/03/2013

Disclosure of leases explanatory [TextBlock] Textua l in format ion (38) [See below]

100



Disclosure of leases explanatory [Text Block] 28. Commitment towards leasehold land The Company has acquired on lease basis right to use land and / or buiding for 8 of its distribution centres (2 in 2005-06 , 2 in 2011-12 and 4 in2012-13). In the case of one of the leases, an upfront non-refundable lease payment for 99 years has been made and the same has been capitalisedas leasehold land (refer note 13). In the case of the others, the lease rentals are being paid at the end of each month over a period the lease. Thelease tenure ranges between 20 years to 33 years. The total lease rentals are recognised as expense on a straight line basis over the period of thelease. The future lease rentals payable in respect of the same aggregate to Rs 9,079.34 million (previous year: Rs 1,943.84 million).

37. Leases The Company accounts for non-cancellable operating lease payment for land/stores area taken on lease. The future minimum lease paymentsunder non cancellable operating leases in aggregate are as follows: Rs Million

ParticularsAs at 31 March 2013


Not later than one year 201.14 -

Later than one year and not later than five years 870.64 -

Later than five years 7094.48 -

8166.26 - The rental expenses on the above agreements amounts to Rs 255.49 million (previous year: Nil) The Company has accounted for cancellable operating lease payments for residential and warehousing premises. These leasing arrangements arefor a period of eleven months to three years and are cancellable and renewable at mutually agreeable terms. The aggregate lease rentals incurredtowards these premises amount to Rs 35.61 million (previous year: Rs 7.78 million). Further, the Company is obligated under operating lease agreements for equipments. The total lease rental expense under the said agreementsamounted to Rs 51.72 million (previous year: Rs 22.21 million). The above disclosure does not include rent paid towards lease land amounting to Rs 43.19 million (previous year: Rs 39.19 million) asAccounting Standard 19 on ?Leases? excludes lease agreements to use land. The disclosure also excludes Rs 49.97 (previous year Nil) pertainingto common area maintenance charges The Company has a rental income amounting to Rs 4.87 million (previous year: Rs 1.45 million) from renting out space in its DistributionCentres.

[300300] Notes - Earnings per share


to 31/03/2013

01/01/2011 to

31/12/2011Disclosure of earnings per share explanatory [TextBlock] Adjustments of numerator to calculate basic earnings per share [Abstract] Profit (loss) for period -3,204.2 -888.54

Adjustments of numerator to calculate diluted earnings per share [Abstract] Profit (loss) for period -3,204.2 -888.54

[202800] Notes - Subsidiary information


to 31/03/2013

Disclosure of subsidiary information explanatory [TextBlock] Whether company has subsidiary companies No

101


[201900] Notes - Income taxes


to 31/03/2013

Disclosure of notes on income taxes explanatory [TextBlock] Textual information (39) [See below]


Disclosure of notes on income taxes explanatory [Text Block]Provision for taxation (i) Transfer Pricing The Company?s Management is of the opinion that its international transactions with related parties are at arms length and that the Company is incompliance with the transfer pricing legislation. Accordingly, the Company?s Management believes that the transfer pricing legislation will nothave any impact on the financial statements for the year ended 31 March 2013, particularly on the amount of tax expense and that of the provisionfor taxation. (ii) Deferred Taxation

Components of deferred tax assets and liability are as follows Rs Million



Deferred tax liabilities

Excess of depreciation allowable under the income tax laws over depreciation provided for in the books 256.06 168.15

256.06 168.15

Deferred tax asset

Carry forward losses 256.06 168.15

256.06 168.15

Deferred tax liabilities (net) - -

In the absence of virtual certainty, the Company has recognised deferred tax assets only to the extent that it has timing differences, the reversal ofwhich will result in sufficient future taxable income, against which such deferred tax assets can be realised.

[202400] Notes - Investments in associates


to 31/03/2013

Disclosure of notes on investment in associates explanatory [TextBlock] Whether company has invested in associates No

[202500] Notes - Financial reporting of interests in joint ventures


to 31/03/2013

Disclosure of notes on interests in joint ventures explanatory [TextBlock] Whether company has invested in joint ventures No

102


[202100] Notes - Other provisions, contingent liabilities and contingent assets

Disclosure of contingent liabilities [Table] ..(1)


Classes of contingent liabilities [Axis] Other contingent liabilities [Member] Other contingent liabilities, others[Member]

31/03/2013 31/12/2011 31/03/2013 31/12/2011 Disclosure of contingent liabilities [Abstract] Disclosure of contingent liabilities [LineItems] Estimate of financial effect of contingent liabilities

44.79 41.13 (A) 44.79 (B) 41.13

Footnotes (A) Statutory dues-refer to note (d) : 44.79

(B) Statutory dues-refer to note (d) : 41.13Unless otherwise specified, all monetary values are in Millions of INR

01/01/2012 to

31/03/2013Disclosure of notes on other provisions, contingent liabilities and contingent assets explanatory [TextBlock]


Disclosure of other provisions explanatory [TextBlock] Disclosure of contingent liabilities explanatory [TextBlock]

103



Disclosure of notes on other provisions, contingent liabilities and contingent assets explanatory [Text Block]In accordance with Accounting Standard 29, on Provisions, Contingent Liabilities and Contingent Assets as notified under the CompanyAccounting Standards Rules, 2006 the particulars of movement in other provisions is as follows: Rs Million

DescriptionAs at 1 January 2012

Additions Utilised ReversedAs at 31 March 2013

Provision related to property tax 59.04 66.67 28.09 13.41 84.21

27. The details of contingent liabilities and commitments (i) Commitment

ParticularsAs at 31 March2013


Estimated amount of contracts remaining to be executed on capital account (net of advances) and notprovided for

66.27 153.49

Estimated amount of contracts remaining to be executed on other account (net of advances) and not providedfor

17.01

(ii) Contingent Liabilities*

ParticularsAs at 31 March2013


Engaging in retail trade - refer to note (a) - -

Land conversion charges - refer to note (b) - -

Memorandum of understanding for acquisition of land ? refer to note (c) - -

Statutory dues-refer to note (d) 44.79 41.13

* It is not possible to estimate the timing/ uncertainty relating to the outflow and it is not possible to quantify the amount on outflow reliably.Hence the amounts have not been disclosed.

a) Retail Trade In the matter of writ petition filed by aggrieved parties before the Delhi High Court, that the Company has been engaging in retail trade inviolation of Foreign Investment Promotion Board?s (FIPB) approval, the legal counsels of the said parties requested for time for filing anapplication for withdrawing from the case since they were not getting any (material) instructions from their clients and accordingly in the lasthearing held on 11th March, 2008 the legal counsels of the parties have sought discharge from the case since they were not getting anyinstructions from their clients. Considering the above the Court has decided to dismiss the appeal in default. The said parties do have an option toseek revival of the appeal, however the same need to be exercised within a reasonable period. Till now no such appeal has been filed.

104


In a similar petition the Karnataka High Court accepted submissions of the Company also instructed the petitioners to give appropriaterepresentations to the Government of India on how their interests are to be safeguarded which is inconclusive as on date. Further, the Department of Industrial Policy and Promotion (?DIPP?), the Ministry of Commerce and Industry, Government of India has issuedCircular 2 of 2010 on the Consolidated FDI Policy (effective from 1 October 2010). Further, there have been additional Guidelines andclarifications issued by the Government of India clarifying the FDI policy. Thus, the Management does not foresee any contingent liability in thisregard. b) The Company has acquired 2 plots (previous year: 2 plots) of agricultural land in the state of Punjab. In terms of the rules applicable in Punjab,the Company is required to pay a conversion fee to be able to use the land for development purposes. The Company has applied for conversion ofthe land use to commercial and has deposited the fee of Rs.16.3 million in February 2009, Rs. 15.8 million in September 2009 and Rs 19.1million in October 2009 as requested by the concerned authority. The Company has been legally advised that all incidence of conversion chargesare crystallised at the time the appropriate authority notifies the charges on application of development / conversion and the Companydemonstrates the obligation by payment of the notified dues. c) The Company has entered into Memorandum of Understanding (?MOU?s) in respect of land acquisition at various cities in India for thepurpose of setting up wholesale distribution centers. The final agreement would be signed after conducting various technical studies and wouldrequire requisite group approvals. During 2009, the Company had cancelled 11 MOUs with various parties and had fully recovered advances paidtowards 6 MOUs. The advances towards the remaining cancelled MOUs are under negotiation for settlement. The Management does not foreseeany liability in this regard on account of cancellation. d) The Company has received orders under Section 39(1) of the KVAT Act 2003 with Rules 45(a) of the KVAT Rules 2005 for certain periods. Atotal demand of Rs 44.79 million has been raised against the Company. These demands arisen on account of the input credit availed by thecompany and the classification adopted for certain goods.

Year Amount Rs

2005-06 35,478,509

2006-07 2,862,208

2007-08 6,448,522

Total 44,789,239

The Company has appealed against the above demands to the Joint Commissioner, Appeals. As per the provisions of KVAT Act 2003, theCompany has deposited 50% of the disputed demand and submitted Bank Guarantee for the balance amount as per the provisions of KVAT Act2003. Based on an evaluation of the facts, no provision has been made against the above orders in the financial statements of the Company as atand for the year ended 31 March 2013, as the Company is of the view that it will be able to successfully defend this claim.

28 Commitment towards leasehold land

The Company has acquired on lease basis right to use land and / or buiding for 8 of its distribution centres (2 in 2005-06 , 2 in 2011-12 and 4 in 2012-13). In the case of one of the leases, an upfront non-refundable lease payment for 99 years has been made and the same has beencapitalised as leasehold land (refer note 13). In the case of the others, the lease rentals are being paid at the end of each month over a period thelease. The lease tenure ranges between 20 years to 33 years. The total lease rentals are recognised as expense on a straight line basis over theperiod of the lease. The future lease rentals payable in respect of the same aggregate to Rs 9,079.34 million (previous year: Rs 1,943.84 million).

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[202700] Notes - Cash flow statements


to 31/03/2013

01/01/2011 to

31/12/201131/12/2010

Disclosure of cash flow statement explanatory [TextBlock] Cash and cash equivalents if different from balance sheet [Abstract] Cash and cash equivalents cash flow statement 1,978.76 1,132.47 359.91

Total cash and cash equivalents 1,978.76 1,132.47

Income taxes paid (refund) [Abstract] Income taxes paid (refund), classified as operating activities 2.46 -28.94

Total income taxes paid (refund) 2.46 -28.94

balance sheet 2013 - 1 jan 2012 - 31-march 2013

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