Hindustan Unilever Limited Annual Report Annual Report, , Overview, Financial Highlights and Brands, Financial Performance, Performance . Get Hindustan Unilever latest Balance Sheet, Financial Statements and Hindustan Unilever detailed profit and loss accounts. Auditor’s Report (Hindustan Unilever), Year End: Mar ’18 We have audited the accompanying standalone Ind AS financial statements of Hindustan Unilever Limited (the Company), .. , , , , ,
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We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company”s internal financial control system with reference aannual financial statements. We have audited the accompanying standalone Ind AS financial statements of Hindustan Unilever Limited the Companywhich comprise the Balance Sheet as at 31 Marchthe Statement of Profit and Loss including other comprehensive incomethe Statement of Changes in Equity and the Statement of Cash Flows 201112 the year then ended, and summary of the significant accounting policies and other explanatory information herein after referred to as standalone Ind AS financial statements.
As required by the Companies Auditor”s Report Order, the Orderissued by the Central Government in terms of Section 11 of the Act, we give in Annexure A a statement unjlever the matters specified in paragraphs 3 and 4 unilrver the Order.
An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the standalone Ind AS financial statements.
There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company. Our audit involves performing procedures to obtain audit wnnual about the adequacy of the internal financial controls system with reference to financial statements and their operating effectiveness.
Accordingly, paragraph 3 xvi of the Order is not applicable to the Company. Dion Global Solutions Limited. We have audited the internal financial controls with reference to financial statements of Hindustan Unilever Limited the Company as of 31 March in conjunction with our audit of the standalone Ind AS financial statements of the Company for the year ended on that date. In our opinion, the Company has, qnnual all material respects, an adequate internal financial control system with reference to financial statements and such internal financial controls hindustah reference to financial statements were operating effectively as at 31 Marchbased on the internal controls with reference to financial statements criteria established by the Company considering the essential components of internal controls stated in the Guidance Unilevr issued by ICAI.
Also, projections of any evaluation of the internal re;ort controls with reference to financial statements to future periods are subject to the risk that the internal financial controls with reference to financial statements may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
In our opinion, the frequency of such verification is reasonable. However, we have not made a detailed examination of the records.
Hindustan Unilever Balance Sheet, Hindustan Unilever Financial Statement & Accounts
Accordingly, paragraph 3 ix of the Order is not applicable to the Company. Our responsibility is to express an opinion on these standalone Ind AS financial statements based on our audit. Quick Links for hindustanunilever. According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, employees state insurance, income tax, sales tax, service tax, goods and service tax, duty of customs, duty of excise, value added tax, cess, professional tax and other material statutory dues were in arrears as at 31 March for a period of more than six months from the date they became payable.
A company”s internal financial controls with reference to financial statements is a process designed to provide reasonable assurance regarding the rwport of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
In preparing the financial statements, management is responsible for assessing the Company”s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. If we conclude that a material uncertainty exists, we are required to draw attention in the auditor”s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify the opinion.
The discrepancies noticed on verification between the physical stocks and the book records were not material. These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring unileveg orderly and efficient conduct of its business, including adherence to Company”s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of unilefer financial information, as required under the Act.
Annnual Company has complied with the provisions of Section of the Act in respect of investments made or loans or guarantee or security provided to the parties covered under Section Our responsibility is to express an opinion on the Company”s internal financial controls with reference to financial statements based on our audit.
As required by Section 3 of the Act, we report that: A company”s internal financial controls with reference to financial statements includes those policies and procedures that 1 pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; 2 provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and 3 provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company”s assets that could have a material effect on the financial statements.
Track HUL on the go with the money control app. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls with reference to financial statements was established and maintained and if such controls operated effectively in all material respects.
Accordingly, paragraph 3 viii of the Order is not applicable to the Company. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the standalone Ind AS financial statements are free from material misstatement.
Accordingly, paragraph 3 xii of the Order is not applicable to the Company. Our audit of internal financial controls with reference to financial statements included hindustah an understanding of internal financial controls with reference to financial statements, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal controls based on the assessed risk.
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone Ind AS financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India of the state of affairs of the Company as at hindystan Marchits profit and other comprehensive income, changes in equity and its cash flows for the year ended on that date.
In respect of inventory lying with third parties, rport have substantially been confirmed by them. Accordingly, paragraph 3 iii of the Order is not applicable to the Company.
This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone Ind AS financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.