Inox Leisure Ltd (INOL IN) - Standardized
In Millions of INR except Per Share FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012
12 Months Ending 03/31/2007 03/31/2008 03/31/2009 03/31/2010 03/31/2011 03/31/2012
Total Assets
+ Cash, Cash Equivalents & STI 1,175.5 163.2 23.2 153.4 168.7 71.0
+ Cash & Cash Equivalents 15.7 43.3 23.2 153.4 168.7 71.0
+ ST Investments 1,159.9 119.8 0.0 0.0 0.0 0.0
+ Accounts & Notes Receiv 27.9 46.1 64.6 89.6 127.0 141.7
+ Accounts Receivable, Net 27.9 46.1 64.6 89.6 127.0 141.7
+ Notes Receivable, Net — — 0.0 0.0 0.0 0.0
+ Inventories 8.3 12.2 16.3 19.5 26.2 31.2
+ Raw Materials — — — — — —
+ Work In Process — — — — — —
+ Finished Goods — — — — — —
+ Other Inventory 8.3 — 16.3 19.5 — —
+ Other ST Assets 307.4 212.4 502.5 1,122.3 88.1 67.9
+ Prepaid Expenses — — 76.0 137.4 74.1 —
+ Derivative & Hedging Assets — — 0.0 0.0 0.0 0.0
+ Taxes Receivable — — 53.1 5.0 — —
+ Misc ST Assets — — 373.3 980.0 14.0 67.9
Total Current Assets 1,519.2 434.0 606.6 1,384.9 410.0 311.9
+ Property, Plant & Equip, Net 1,849.2 2,568.3 2,966.6 3,270.8 3,474.7 3,545.8
+ Property, Plant & Equip 2,032.4 2,853.7 3,372.2 3,824.9 4,208.6 4,470.9
- Accumulated Depreciation 183.2 285.5 405.6 554.1 733.8 925.1
+ LT Investments & Receivables 5.0 325.3 5.5 827.0 853.6 1,792.5
+ LT Investments — — 5.5 827.0 853.6 1,787.9
+ LT Marketable Securities — — — — — 4.6
+ Other LT Assets 86.5 216.3 154.7 82.9 1,195.5 787.6
+ Total Intangible Assets 22.4 36.0 41.5 13.1 14.6 26.9
+ Goodwill — — 0.0 0.0 0.0 0.0
+ Other Intangible Assets — — 41.5 13.1 14.6 26.9
+ Prepaid Expense — — 8.2 6.9 0.5 —
+ Deferred Tax Assets — — — — — —
+ Derivative & Hedging Assets — — 0.0 0.0 0.0 0.0
+ Investments in Affiliates — — — — — 0.0
+ Misc LT Assets 64.1 180.3 105.0 63.0 1,180.4 760.7
Total Noncurrent Assets 1,940.7 3,109.9 3,126.8 4,180.6 5,523.9 6,126.0
Total Assets 3,459.9 3,543.9 3,733.4 5,565.5 5,933.8 6,437.8
Liabilities & Shareholders' Equity
+ Payables & Accruals 124.7 195.9 236.8 366.3 292.3 420.0
+ Accounts Payable 124.7 195.9 218.5 350.3 231.7 367.8
+ Accrued Taxes — — 2.5 0.2 34.7 37.1
+ Interest & Dividends Payable — — 0.4 0.4 0.4 2.8
+ Other Payables & Accruals — — 15.4 15.3 25.5 12.3
+ ST Debt 297.5 — 112.1 178.6 227.4 227.4
+ ST Borrowings — — 0.0 0.0 0.0 0.0
+ ST Lease Liabilities — — 0.0 0.0 0.0 0.0
+ ST Finance Leases — — 0.0 0.0 0.0 0.0
+ Current Portion of LT Debt — — 112.1 178.6 227.4 227.4
+ Other ST Liabilities 108.6 342.2 57.9 71.3 153.2 207.1
+ Deferred Revenue — — 0.0 0.0 0.0 0.0
+ Derivatives & Hedging — — 0.0 0.0 0.0 0.0
+ Deferred Tax Liabilities — — — — — —
+ Misc ST Liabilities 108.6 342.2 57.9 71.3 153.2 207.1
Total Current Liabilities 530.8 538.1 406.8 616.2 672.9 854.5
+ LT Debt 467.7 236.1 337.0 1,684.3 1,887.2 2,079.8
+ LT Borrowings — — 337.0 1,684.3 1,887.2 2,079.8
+ LT Lease Liabilities — — 0.0 0.0 0.0 0.0
+ LT Finance Leases — — 0.0 0.0 0.0 0.0
+ Other LT Liabilities 127.7 164.5 143.1 155.9 193.3 220.6
+ Accrued Liabilities — — 0.0 0.0 0.0 0.0
+ Pension Liabilities — — 0.0 0.0 0.0 0.0
+ Pensions — — — 0.0 0.0 0.0
+ Other Post-Ret Benefits — — — 0.0 0.0 0.0
+ Deferred Compensation — — — — — 18.8
+ Deferred Revenue — — 0.0 0.0 0.0 0.0
+ Deferred Tax Liabilities — 164.5 143.1 155.9 174.5 194.1
+ Derivatives & Hedging — — 0.0 0.0 0.0 0.0
+ Misc LT Liabilities 127.7 0.0 0.0 0.0 18.9 7.7
Total Noncurrent Liabilities 595.4 400.5 480.1 1,840.2 2,080.5 2,300.4
Total Liabilities 1,126.2 938.6 886.9 2,456.4 2,753.4 3,154.9
+ Preferred Equity and Hybrid Capital 0.0 0.0 0.0 0.0 0.0 0.0
+ Share Capital & APIC 1,869.0 616.7 1,903.9 1,908.2 1,911.1 1,913.2
+ Common Stock — — 619.0 619.0 615.4 615.6
+ Additional Paid in Capital — — 1,284.9 1,289.2 1,295.7 1,297.6
- Treasury Stock 0.0 0.0 0.0 0.0 0.0 0.0
+ Retained Earnings 70.9 — 357.8 618.4 687.9 790.7
+ Other Equity 393.8 1,988.6 584.8 582.6 581.3 579.1
Equity Before Minority Interest 2,333.7 2,605.2 2,846.5 3,109.1 3,180.4 3,282.9
+ Minority/Non Controlling Interest 0.0 0.0 0.0 0.0 0.0 —
Total Equity 2,333.7 2,605.2 2,846.5 3,109.1 3,180.4 3,282.9
Total Liabilities & Equity 3,459.9 3,543.9 3,733.4 5,565.5 5,933.8 6,437.8
Reference Items
Accounting Standard IN GAAP IN GAAP IN GAAP IN GAAP IN GAAP IN GAAP
Shares Outstanding 60.0 61.7 61.9 61.9 61.9 61.9
Number of Treasury Shares 0.0 0.0 0.0 0.0 0.0 0.0
Pension Obligations — — — 0.0 0.0 0.0
Future Minimum Operating Lease Obligations 842.6 — 6,210.3 7,607.8 9,874.8 9,534.7
Capital Leases - Total — — 0.0 0.0 0.0 0.0
Percent Of Foreign Ownership 10.56 — 0.27 2.05 0.96 0.87
Number Of Shareholders 38,770.00 — 42,134.00 44,022.00 45,428.00 41,505.00
Options Granted During Period 0.2 — — 0.0 0.0 0.0
Options Outstanding at Period End 0.2 — 0.1 0.1 0.0 0.0
Net Debt -410.4 72.9 425.9 1,709.6 1,945.9 2,231.6
Net Debt to Equity -17.58 2.80 14.96 54.99 61.18 67.97
Tangible Common Equity Ratio 67.24 73.24 75.98 55.76 53.48 50.79
Current Ratio 2.86 0.81 1.49 2.25 0.61 0.37
Cash Conversion Cycle — — — — — —
Number of Employees 2,000.00 1,800.00 2,000.00 2,500.00 2,800.00 2,850.00
Source: Bloomberg
