VBL2019-10-012019-12-31in-bse-fin:OneOperatingExpenses01Member VBL2019-10-012019-12-31in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares VBL 2019-01-01 2019-12-31 2020-01-24 INR Millions Yearly Single segment Manufacturing and Distribution of Beverages 2019-10-01 2019-12-31 Unaudited Standalone 8356050000.00 591090000.00 8947140000.00 3952760000.00 281360000.00 -716450000.00 1785500000.00 674340000.00 1093220000.00 2664450000.00 9735180000.00 -788040000.00 0.00 -788040000.00 -114560000.00 -131040000.00 -245600000.00 0.00 -542440000.00 0.00 0.00 0.00 0.00 -542440000.00 -3380000.00 -545820000.00 -545820000.00 0.00 2886890000.00 10 -1.88 -1.88 0.00 0.00 -1.88 -1.88 (Rs. in million, except per share data)ttt n nNotes:ttt n n1. These standalone and consolidated financial results for the quarter and year ended on 31 December 2019 have been reviewed by the Audit and Risk Management Committee and approved by the Board of Directors of Varun Beverages Limited (“VBL” or “the Company”) at their respective meetings held on 07 February 2020. The Statutory Auditors have audited the annual financial results.ttt nttt n2. These financial results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ('Ind AS') notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in section 133 of the Companies Act, 2013 [read with SEBI Circular CIR/CFD/FAC/62/2016 dated 05 July 2016 and other recognised accounting practices and policies]. The figures for the quarter ended 31 December 2019 and 31 December 2018 are the balancing figures between the audited figures in respect of full financial year and the published year to date figures upto the third quarter of the relevant financial year, which were subject to limited review.ttt nttt n3. VBL follows calendar year as its financial year as approved by the Company Law Board, New Delhi.ttt n4. The business activities of the Company, its subsidiaries and erstwhile associates (together referred to as the Group ) predominantly fall within a single primary business segment viz. manufacturing and sale of beverages. There is no separate reportable business segment. The Group operates in two principal geographical areas, i.e., in India, its home country, and in other countries. The aforesaid is in line with review of operating results by the chief operating decision maker. The sale of products of the Group is seasonal.ttt nttt n5. On 20 September 2019, vide the Taxation Laws (Amendment) Ordinance 2019, the Government of India inserted Section 115BAB in the Income Tax Act, 1961 which provides domestic companies a non-reversible option to pay corporate tax at reduced rates effective 01 April 2019 subject to certain conditions. The Company carries unutilized minimum alternative tax credit and has other tax benefits/holidays available. The management plans to conclude its evaluation of this option in conjunction with its tax year end of 31 March 2020.ttt n6. During the quarter ended 31 December 2019, the Company, on 04 November 2019, has acquired board control in its associate, Angelica Technologies Private Limited. Consequently, both Angelica Technologies Private Limited and Lunarmech Technologies Private Limited (subsidiary of Angelica Technologies Private Limited) became the subsidiaries of the Company w.e.f. 04 November 2019.ttt nttt n7. During the quarter ended 31 December 2019, the Company has concluded the acquisition of manufacturing facilities situated at Dharwad, Karnataka and Tirunvelveli, Tamil Nadu for a total consideration of Rs. 747.27 and Rs. 200 respectively. ttt nttt n8. During the year ended 31 December 2019, the Company has issued 91,327,613 equity shares of Rs. 10 each as fully paid-up bonus shares in the ratio of 1 (One) equity share for every 2 (Two) existing equity shares. Accordingly, earnings per share for all the periods presented has been calculated based on number of shares outstanding in respective periods, as increased for issuance of bonus shares.ttt ntt n9. Previous year figures stated above have been regrouped and/or reclassified wherever necessary. Single segment 2019-01-01 2019-12-31 Audited Standalone 56156640000.00 980070000.00 57136710000.00 23480220000.00 3963290000.00 -1324130000.00 6308130000.00 2802480000.00 3872020000.00 11691790000.00 50793800000.00 6342910000.00 0.00 6342910000.00 958560000.00 898880000.00 1857440000.00 0.00 4485470000.00 0.00 0.00 0.00 0.00 4485470000.00 282890000.00 4768360000.00 4768360000.00 0.00 2886890000.00 10 35784280000.00 16.10 16.10 0.00 0.00 16.10 16.10 Other Expenses 2664450000.00 Other Expenses 11691790000.00