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(RS. LAKHS) GLAXOSMITHKLINE CONSUMER HEALTHCARE LIMITED AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED DEC EMBER 31, 2004
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NOTES (1) The Company is focussed in the business of Nutritional Healthcare in India. Therefore, there is no reportable segment as per the provisions of Accounting Standard 17 on “Segment Reporting” issued by the Institute of Chartered Accountants of India. (2) There were 3 pending investor complaints at the beginning of the quarter. During the quarter 118 complaints were received and resolved. No complaint was pending at the end of the quarter. (3) In continuation of restructuring process, the Company has during the year offered exgratia payment to its temporary workers at Nabha plant. The above said offer being a present obligation which may result into outflow of Rs 433.50 lakhs (net of Rs 15.51 lakhs already paid) has been provided for in these financial results. (4) The Company has initiated a long term incentive plan to maintain its competitiveness in attracting and retaining Senior Grade Managers. In terms of this plan, based on the group performance, the eligible employees after three years will be eligible to receive the incentive. Accordingly Rs 70 Lakhs, one third value likely to be paid has been provided for in these financial results. (5) The board of directors, of the Company at their meeting held on December 10, 2004, proposed a buy-back of fully paid equity shares of a face value of Rs.10 each at a price not exceeding Rs. 370 per equity share and for an amount not exceeding Rs.12302.81 lakhs in accordance with the provisions of the Companies Act,1956 and Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998, subject to approval from shareholders. The same does not have a financial impact on the profit of the Company for the quarter / year ended December 31, 2004. GLAXOSMITHKLINE CONSUMER HEALTHCARE LIMITED AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2004
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REGD. OFFICE:PATIALA ROAD, NABHA 147201 (PUNJAB). HEAD OFFICE:DLF PLAZA TOWER, DLF CITY PHASE I, GURGAON - 122002, HARYANA. GURGAON JANUARY 28, 2005 ON BEHALF OF THE BOARD NICHOLAS J. MASSEY MANAGING DIRECTOR GLAXOSMITHKLINE CONSUMER HEALTHCARE LIMITED AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER, 31 2004
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