BALANCE SHEET

AS AT MARCH 31, 2018

(Amount in crores of INR)

Particulars Note As at As at
March 31, 2018 March 31, 2017
ASSETS
Non-current assets
(a) Property, plant and equipment 5 4,485.89 4,310.73
(b) Capital work-in-progress 6 203.78 270.72
(c) Intangible assets 7 168.65 84.86
(d) Intangible assets under development 8 114.61 194.33
(e) Financial assets
(i) Investments 9 1,934.08 1,349.00
(ii) Loans 10 45.68 48.36
(f ) Income tax assets (net) 12 379.26 331.94
(g) Other non-current assets 13 558.67 651.14
Total Non - Current Assets 7,890.62 7,241.08
Current assets
(a) Inventories 14 823.58 656.31
(b) Financial assets
(i) Investments 9 5,591.12 4,540.85
(ii) Trade receivables 15 1,520.18 1,561.87
(iii) Cash and cash equivalents 16 34.38 15.40
(iv) Bank balances other than (iii) above 17 106.96 121.33
(v) Loans 10 27.56 24.18
(vi) Others 11 539.37 144.95
(c) Other current assets 13 205.03 388.29
Total Current Assets 8,848.18 7,453.18
Total Assets 16,738.80 14,694.26
EQUITY AND LIABILITIES
Equity
(a) Equity Share capital 18 39.94 39.94
(b) Other equity 19 11,728.94 10,071.35
Total equity 11,768.88 10,111.29
LIABILITIES
Non-current liabilities
(a) Provisions 20 114.94 75.30
(b) Deferred tax liabilities (net) 21 511.66 414.34
Total Non - Current Liabilities 626.60 489.64
Current liabilities
(a) Financial liabilities
(i) Trade payables 22 3,318.81 3,247.27
(ii) Other financial liabilities 23 202.14 352.77
(b) Other current liabilities 24 762.58 454.28
(c) Provisions 20 59.79 39.01
Total Current Liabilities 4,343.32 4,093.33
Total Equity and Liabilities 16,738.80 14,694.26
The notes referred to above form an integral part of the financial statements 1-45

As per our report of even date attached For and on behalf of the Board of Directors
For B S R & Co. LLP
Chartered Accountants
Firm’s registration number: 101248W/W-100022
Pawan Munjal Pradeep Dinodia
Chairman, Managing Director & CEO Chairman Audit Committee
DIN-00004223 DIN-00027995

Jiten Chopra Niranjan Kumar Gupta Neerja Sharma

Partner Chief Financial Officer Company Secretary
Membership No:092894

Place : New Delhi Place : New Delhi

Date : May 02, 2018 Date : May 02, 2018

154 Hero MotoCorp Ltd.

 Corporate Overview Management Reports Financial Statements

STATEMENT OF PROFIT AND LOSS

FOR THE YEAR ENDED MARCH 31, 2018
(Amount in crores of INR)

Particulars Note For the year ended For the year ended
March 31, 2018 March 31, 2017
Income
Revenue from operations 25 32,871.82 30,871.59
Other income 26 525.82 522.43
Total Income 33,397.64 31,394.02
Expenses
Cost of raw materials consumed 27 21,857.79 18,974.11
Change in inventories of finished goods and work-in-progress 28 (23.15) 63.17
Excise duty on sale of goods 641.33 2,371.13
Employee benefit expenses 29 1,540.13 1,396.01
Finance costs 30 6.25 6.05
Depreciation and amortisation expenses 5&7 555.60 492.73
Other expenses 31 3,575.53 3,432.36
Total expenses 28,153.48 26,735.56
Profit before tax 5,244.16 4,658.46
Tax expense 32
Current tax 1,446.95 1,082.08
Deferred tax 99.85 199.26
Total tax expense 1,546.80 1,281.34
Profit for the year 3,697.36 3,377.12
Other comprehensive income
Items that will not be reclassified subsequently to profit or loss:-
Re-measurement losses on defined benefit plans (7.24) (21.53)
Income tax effect 2.53 7.45
Net other comprehensive income not to be reclassified to profit or loss (4.71) (14.08)
Total comprehensive income for the year, net of income tax 3,692.65 3,363.04
Earnings per share (of ` 2 each) in ` 33
(a) Basic 185.14 169.12
(b) Diluted 185.13 169.12
The notes referred to above form an integral part of the financial statements 1-45

As per our report of even date attached For and on behalf of the Board of Directors
For B S R & Co. LLP
Chartered Accountants
Firm’s registration number: 101248W/W-100022
Pawan Munjal Pradeep Dinodia
Chairman, Managing Director & CEO Chairman Audit Committee
DIN-00004223 DIN-00027995

Jiten Chopra Niranjan Kumar Gupta Neerja Sharma

Partner Chief Financial Officer Company Secretary
Membership No:092894

Place : New Delhi Place : New Delhi

Date : May 02, 2018 Date : May 02, 2018

Annual Report 2017-18 155