PEPSICO INDIA HOLDINGS PRIVATE LIMITED

Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[700300] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
PEPSICO INDIA HOLDINGS
Name of company PRIVATE LIMITED
Corporate identity number U15549HR1994PTC033754
Permanent account number of entity AAACP1272G
LEVEL 3-5 , PIONEER SQUARE
, Sector-62 Near Golf
Address of registered office of company Course Extension Road
Gurugram Gurgaon ,
HARYANA , INDIA - 122101
Commercial and
Type of industry Industrial
Date of board meeting when final accounts were approved 24/08/2020
Date of start of reporting period 01/04/2019 01/04/2018
Date of end of reporting period 31/03/2020 31/03/2019
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Lakhs
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other relevant
No
books and papers in electronic form

Disclosure of principal product or services [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Types of principal product or services [Axis] 1
01/04/2019
to
31/03/2020
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 2202
Aerated and
Description of product or service category non-aerated
beverages
Turnover of product or service category 5,26,403
Highest turnover contributing product or service (ITC 8 digit) code 22021010
Aerated and
Description of product or service non-aerated
beverages
Turnover of highest contributing product or service 5,26,403
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[700600] Disclosures - Directors report

Details of principal business activities contributing 10% or more of total turnover of company [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Product/service 1 Product/service 2
Principal business activities of company [Axis]
[Member] [Member]
01/04/2019 01/04/2019
to to
31/03/2020 31/03/2020
Details of principal business activities contributing 10% or more of total turnover
of company [Abstract]
Details of principal business activities contributing 10% or more of total
turnover of company [LineItems]
Concentrate
Name of main product/service operations
Food operations
Concentrate
Description of main product/service operations
Food operations

NIC code of product/service 1104, 10304 1030, 1079

Percentage to total turnover of company 20.00% 80.00%

Details of directors signing board report [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Directors signing board report [Axis] 1 2
01/04/2019 01/04/2019
to to
31/03/2020 31/03/2020
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director Preeti NITEEN
Middle name of director SURYAKANT
Last name of director Sureka PRADHAN
Designation of director Director Director
Director identification number of director 08563464 03129144
Date of signing board report 24/08/2020 24/08/2020

Particulars of holding, subsidiary and associate companies [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Particulars of companies [Axis] 1 2 3 4
01/04/2019 01/04/2019 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2020 31/03/2020
Particulars of holding, subsidiary and associate
companies [Abstract]
Particulars of holding, subsidiary and associate
companies [LineItems]
PepsiCo Panimex (A) PepsiCo India Sales NourishCo Beverages
Name of company Inc. Private Limited Limited
Pearl Drinks Limited

Country of incorporation of company MAURITIUS INDIA INDIA INDIA

CIN of company U15549DL2003PTC122303 U15500HR2010PLC041616 U15532DL1982PLC014664
GLN of company NA
Type of company Holding Subsidiary Associate/JV Associate
Percentage of shares held 99.92% 100.00% 50.00% 26.00%
Applicable section 2 (46) 2 (87) 2(6) 2(6)

Footnotes
(A) (formerly known as Aradhana Drinks and Beverages Private Limited)

2
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019
to
31/03/2020
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Textual information (2)
Description of state of companies affair [See below]

Your Directors
Disclosure relating to amounts if any which is proposed to carry to any do not propose to carry any
reserves amount to
reserves.

Your Directors
do not recommend payment
Disclosures relating to amount recommended to be paid as dividend of dividend for the year
ended 31 March,
2 0 2 0 .

Textual information (3)

Details regarding energy conservation [See below]
Textual information (4)
Details regarding technology absorption [See below]
Textual information (5)
Details regarding foreign exchange earnings and outgo [See below]
Textual information (6)
Disclosures in director’s responsibility statement [See below]
Details of material changes and commitment occurred during period Textual information (7)
affecting financial position of company [See below]
Textual information (8)
Particulars of loans guarantee investment under section 186 [TextBlock] [See below]
Particulars of contracts/arrangements with related parties under section Textual information (9)
188(1) [TextBlock] [See below]
Details of contracts/arrangements/transactions not at arm's length
basis [Abstract]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Details of material contracts/arrangements/transactions at arm's
length basis [Abstract]
Whether there are material contracts/arrangements/transactions at
No
arm's length basis
Disclosure of extract of annual return as provided under section 92(3) Textual information (10)
[TextBlock] [See below]
Details of principal business activities contributing 10% or more
of total turnover of company [Abstract]
Particulars of holding, subsidiary and associate companies [Abstract]
Details of shareholding pattern of top 10 shareholders [Abstract]
Disclosure of statement on declaration given by independent directors
NA
under section 149(6) [TextBlock]
Disclosure for companies covered under section 178(1) on
Textual information (11)
directors appointment and remuneration including other matters [See below]
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk Textual information (12)
management policy [TextBlock] [See below]
Details on policy development and implementation by company on
Textual information (13)
corporate social responsibility initiatives taken during year [See below]
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Textual information (14)
Disclosure of financial summary or highlights [TextBlock] [See below]

There has not

been any change in the
Disclosure of change in nature of business [TextBlock] nature of business of the

Company.

Details of directors or key managerial personnels who were Textual information (15)
appointed or have resigned during year [TextBlock] [See below]

3
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

There are no
companies which have
Disclosure of companies which have become or ceased to be its become or ceased to be
subsidiaries, joint ventures or associate companies during subsidiaries/joint
year [TextBlock] ventures/associate
companies of the Company
during the Financial Year
2019-20.

The Company
does not have any deposits
Details relating to deposits covered under chapter v of companies act
covered under Chapter V
[TextBlock] of the Companies Act,
2 0 1 3 .

Details of deposits which are not in compliance with requirements

of chapter v of act [TextBlock] N A

Details of significant and material orders passed by

Textual information (16)
regulators or courts or tribunals impacting going concern [See below]
status and company’s operations in future [TextBlock]
Details regarding adequacy of internal financial controls with Textual information (17)
reference to financial statements [TextBlock] [See below]
Disclosure of appointment and remuneration of director or Textual information (18)
managerial personnel if any, in the financial year [TextBlock] [See below]
Details of remuneration of director or managerial personnel [Abstract]
Disclosure of report concerns about unethical behaviour,
Textual information (19)
actual or suspected fraud or violation of company’s code of [See below]
conduct or ethics policy [TextBlock]
Number of meetings of board [pure] 5
Details of signatories of board report [Abstract]
Name of director signing board report [Abstract]

4
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

DIRECTORS’ REPORT

To,

The Members,

Your Directors have pleasure in presenting their Annual Report on the business and operations of the Company and the
accounts for the Financial Year ended March 31, 2020.

1. PERFORMANCE OF THE COMPANY AND FINANCIAL SUMMARY HIGHLIGHTS

The summarized financial results of the Company (Standalone) for the financial year 2019 - 20 are given hereunder:

All figures in Rs. Lacs

ITEM Year ended Year ended

31st March 2019 31st March 2020

1. Turnover 6,18,081 5,20,805

2. Operating Income 7,581 5,598

3. Other Income 6,821 21,569

4. LESS:

5. Excise Duty 0 0

6. Operating Expenditure 3,21,532 2,69,420

7. Depreciation 33,527 19,002

8. Employee benefits expenses 72,060 54,088

9. Finance Cost 2,117 3,187

10. Other Expenses 1,98,999 1,77,584

11. Profit/Loss before Taxes, prior period expenses and exceptional items 4,248 24,693

12. Exceptional items 0 1,304

13. Tax expense 690 -6,876

14. Current tax 690 8,969

15. Deferred Tax 0 -15,846

5
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

16. MAT credit written off 0 0

17. Prior Period Expenses 0 0

18. Tax adjustment pertaining to prior period 0 0

19. Net Profit/Loss after Tax and exceptional items 3,558 32,874

20. Remeasurement of defined benefit obligations -1,839 -2,642

21. Tax relating to above items 0 923

Total comprehensive income / (loss) for the year 1,719 31,155

Note: Please refer to Note no. 24 (for Revenue from Operations), Note nos. 26, 27 and 28 (for Operating Expenses) of the Standalone Profit and
Loss Statement.

PERFORMANCE AND FINANCIAL POSITION OF EACH OF THE SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE
2
COMPANIES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENT OF THE COMPANY:

(i) Subsidiary: PepsiCo India Sales Private Limited (formerly Aradhana Drinks and Beverages Private Limited)

(ii) Joint Venture Company: NourishCo Beverages Limited

(iii) Associates: Pearl Drinks Limited:

All figures in Rs.

lacs.

ITEM Year ended Year ended

31st March
31st March 2020
2019

1. Turnover 6,17,711 5,37,864

2. Operating Income 7,581 5,598

3. Other Income 7,325 22,438

4. LESS :

5. Excise Duty 0 0

6. Operating Expenditure 3,21,617 2,83,944

7. Depreciation 33,527 19,002

8. Employee benefits expenses 72,077 54,088

9. Finance Cost 2,134 3,187

10. Other Expenses 1,99,161 1,76,095

6
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

11. Profit/Loss before Taxes, prior period expenses and exceptional items 4,100 29,584

12. Share of profit of associates (net of income tax) 189 87

13. Share of loss of jointly controlled entity (net of income tax) 98 -95

14. Current tax 600 8,969

15. Deferred tax 2,523 -13,789

16. Tax charge related to prior period 0 0

17. Exceptional Items 0 9,054

18. Profit / (loss) for the year 1,264 43,450

19. Remeasurement of defined benefit obligations (net of tax) -1,832 -2,642

20. Income tax relating to above items 923

21. Share of other comprehensive income/ (loss) of equity accounted investees

5 -3
(net of tax)

22. Total comprehensive (loss)/ income for the year -563 41,728

Note: Please refer to Note no. 24 (for Revenue from Operations), Note nos. 26, 27 and 28 (for Operating Expenses) of the Consolidated Profit and
Loss Statement.

3 EXTRACT OF ANNUAL RETURN

The details forming part of the extract of the Annual Return in form MGT 9 is annexed herewith as Annexure A. The
Annual Return of the Company will be placed on the website www.pepsicoindia.co.in under the Downloads Section.

4 BOARD MEETINGS

During the financial year 2019-20, 5 (five) Board Meetings were convened and held. The intervening gap between the
Board Meetings was within the period prescribed under the Companies Act, 2013.

5 DIRECTORS’ RESPONSIBILITY STATEMENT

To the best of their knowledge and belief and according to the information and explanations obtained by them, your
Directors make the following statements in terms of the section 134(3)(c) of the Companies Act, 2013:

(i) that in the preparation of the annual financial statements for the year ended March 31, 2020, the applicable
accounting standards have been followed along with proper explanation relating to material departures, if any;

(ii) that such accounting policies, as mentioned in Note 2 of the Notes to the Financial Statements, have been
selected and applied consistently and judgments and estimates have been made that are reasonable and prudent so as
to give a true and fair view of the state of affairs of the company as at March 31, 2020 and of the profit/loss of the
Company for the year ended on that date;

7
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

(iii) that proper and sufficient care has been taken for the maintenance of adequate accounting records in
accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities;

(iv) that the annual financial statements have been prepared on a going concern basis;

(v) that proper internal financial controls were in place and that the financial controls were adequate and were
operating effectively;

(vi) that proper systems to ensure compliance with the provisions of all applicable laws were in place and were
adequate and operating effectively.

6. AUDITORS

(i) Statutory Auditors

There is no qualification, reservation or adverse remark made by the auditors with respect to the financial statements for
Financial Year 2019-20.

(ii) Cost Auditors

The goods produced by the Company are not covered under cost audit and therefore, pursuant to Section 148(1) of the
Companies Act, 2013, read with the Companies (Cost Records and Audit) Amendment Rules, 2014, the Company is not
required to make and maintain cost accounts and records.

7 FRAUD

During the year under review no frauds have been reports by the auditors, under sub section (12) of Section 143 of the
Companies Act, 2013.

8 PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186

LOANS – The Company has not given any loan to any person or body corporate during the financial year 2019-20.

GUARANTEES - The Company has not given any guarantee under Section 186 of the Companies Act, 2013, during the
financial year 2019-20.

INVESTMENTS – The Company has not made any investments under Section 186 of the Companies Act, 2013, during
2019-20.

9 PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

All related party contracts / arrangements / transactions entered into by the Company were with the Subsidiary or
Associates of the Company, on arms’ length and in the ordinary course of business, therefore no disclosures are required
to be made in AOC-2 as per Rule 8 of the Companies (Accounts) Rules, 2014. There are no Related Party transactions
made by the Company with Directors, or Key Managerial Personnel or other designated persons which may have
potential conflict with the interest of the Company at large.

. None of the Directors has any pecuniary relationships or transactions vis-à-vis the Company.

8
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

10 STATE OF COMPANY’S AFFAIRS

During the year under review, the turnover of the Company was Rs. 5,20,805 lacs. Overall, the Company is reporting a
profit of Rs. 32,874 lacs and a Total Comprehensive Income of Rs. 31,155 lacs for the financial year 2019-20 as
compared to a profit of Rs. 3,558 lacs and a Total Comprehensive Income of Rs. 1,719 lacs during the previous year.

11 RESERVES

Your Directors do not propose to carry any amount to reserves.

12 DIVIDEND

Your Directors do not recommend payment of dividend for the year ended 31 March, 2020.

13 MATERIAL CHANGES AND COMMITMENTS

During the year ended 31st March 2020, the Company, pursuant to the term sheet dated 20th March 2020, agreed to sell
its Investment in Joint Venture ('JV') (NourishCo Beverages Limited) to Tata Consumer Products Limited for a
consideration of Rs.1,300 Lacs for sale of shares in JV and Rs. 1,600 Lacs for relinquishing its' right in a trademark. The
Parties have executed the agreement for the said transaction on 18th May, 2020 viz. the effective transfer date.

Note: Please refer to Note no. 48 (Profit/Loss on exceptional items), of the Standalone Financial Statements.

14 CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS & OUTGO

The information relating to conservation of energy, technology absorption and foreign exchange earnings & outgo as
required under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014
is annexed herewith as Annexure B.

15 CORPORATE SOCIAL RESPONSIBILITY

The Company had constituted a Corporate Social Responsibility Committee under Section 135 (1) of the Companies Act,
2013. However, since the Company did not have any average profits for the three immediately preceding financial years,
therefore in terms of Section 135 (5) of the Companies Act, 2013, the Company was not required to incur any
expenditure towards CSR activities. The disclosures required as per Rule 9 of Companies (Corporate Social
Responsibility Policy) Rules, 2014 are provided in Annexure C.

9
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

16 CHANGE IN THE NATURE OF BUSINESS, IF ANY

There has not been any change in the nature of business of the Company.

17 DETAILS OF DIRECTORS WHO WERE APPOINTED OR HAVE RESIGNED DURING THE YEAR

Mr. Sudipto Mozumdar (DIN: 03302828) resigned from the Board of Directors with effect from 4th October, 2019.

Ms. Preeti Sureka (DIN: 08563464) was appointed as Additional Director with effect from 18th September, 2019 and was
confirmed as a Director with effect from 25th September, 2019.

18 DEPOSITS

The Company does not have any deposits covered under Chapter V of the Companies Act, 2013.

NAMES OF COMPANIES WHICH HAVE BECOME OR CEASED TO BE SUBSIDIARIES/JOINT

19
VENTURES/ASSOCIATE COMPANIES DURING THE FINANCIAL YEAR 2019-20.

There are no companies which have become or ceased to be subsidiaries/joint ventures/associate companies of the
Company during the Financial Year 2019-20.

DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR

20
TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY’S OPERATIONS IN FUTURE

During the year under review, no material orders have been passed by the regulators or courts or tribunals impacting the
going concern status and company’s operations in future.

21 INTERNAL FINANCIAL CONTROLS WITH RESPECT TO FINANCIAL STATEMENTS

Based on the existing system of internal financial controls and compliance systems established and maintained by the
Company, work performed by the internal and Statutory Auditor, the Board is of the opinion that the Company’s internal
financial controls with reference to the Financial Statements, were adequate and effective during the financial year
2019-20.

10
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

22 PARTICULARS OF EMPLOYEES

In terms of provisions of rule 5(2) & (3) of the Companies (Appointment & Remuneration of Managerial Personnel) Rules,
2014, names of the top ten employees in terms of remuneration drawn and the particulars of every employee falling in the
following category have been mentioned in Annexure D and Annexure E respectively:

(i) if employed throughout the financial year, was in receipt of remuneration for that year which, in the
aggregate, was not less than one crore and two lakh rupees;

(ii) if employed for a part of the financial year, was in receipt of remuneration for any part of that year, at a rate
which, in the aggregate, was not less than eight lakh and fifty thousand rupees per month;

23 BUSINESS RISK MANAGEMENT

Company has implemented a comprehensive risk management policy detailing the risks that the Company faces under
various categories like industry, category, portfolio, competitor, channel, sustainability, supply chain, procurement and
other risks and these have been identified and suitable mitigation measures have also been formulated. The Company
establishes the oversight and framework within which the mitigation measures are periodically reviewed by the Risk
committee, comprising of functional heads. The Company reviews the robustness of the risk management process
annually.

DISCLOSURE UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND

24
REDRESSAL) ACT, 2013

In terms of Section 22 of the Sexual Harassment Of Women at Workplace (Prevention, Prohibition And Redressal) Act,
2013 (“Act”), the Members are informed that during the calendar year 2019, three sexual harassment complaints were
made to the Internal Complaints Committee of the Company and appropriate action was taken in all cases in terms of the
Act and Company’s Policy of Prevention, Prohibition and Redressed of Sexual Harassment. The Company has complied
with the provisions relating to the constitution of Internal Complaints Committee under the Act.

ACKNOWLEDGEMENT

Your Directors convey their sincere thanks to the various agencies of the Central Government, State Governments,
Banks and other concerned agencies for all the help and cooperation extended to the Company. The Directors also
deeply acknowledge the trust and confidence the shareholders and investors have placed in the Company. Your
Directors also record their appreciation for the dedicated services rendered by the workers, staff and officers of the
Company.

Reporting to confirm/edit

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS

Preeti Sureka Niteen Pradhan

11
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Director Director

DIN: 08563464 DIN: 03129144

Date: 24th August, 2020

Place: Gurugram, Haryana

ANNEXURE A

FormNo.MGT-9

EXTRACT OF ANNUAL RETURN AS ON THE FINANCIAL YEAR ENDED ON 31st MARCH, 2020

[Pursuant to section 92(3) of the Companies Act, 2013 and rule 12 (1) of the

Companies (Management and Administration) Rules, 2014]

I. REGISTRATION AND OTHER DETAILS:

i. CIN U15549HR1994PTC033754

ii.
Registration Date 28-01-1994

iii.
Name of the Company PEPSICO INDIA HOLDINGS PRIVATE LIMITED

iv.
Category/Sub-Category of the Company COMPANY LIMITED BY SHARES

v. Level 3-5, Pioneer Square, Sector 62, Near Golf Course Extension
Address of the Registered office and contact details
Road, Gurugram 122101, Haryana

Tel: +91 124-7190000

Fax: +91 124-7199760

Email: pepsico.india@pepsico.com

Website: pepsicoindia.co.in

vi.

12
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Whether listed company No

vii. Name, Address and Contact details of Registrar and

N.A.
Transfer Agent, if any

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

All the business activities contributing 10% or more of the total turnover of the company shall be stated:-

Sr. No. Name and Description of main products/ services NIC Code of the Product/ service % to total turnover of the company

1 Concentrate operations 20%

2 Food operations 80%

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES

%of
Holding/
Sr. No. Name And Address Of The Company CIN/GLN shares Applicable
Subsidiary
held

/Associate Section

1.
PepsiCo Panimex Inc. - Holding 99.92 2 (46)

2. PepsiCo India Sales Private Limited (formerly known as

U15549DL2003PTC122303 Subsidiary 100%* 2 (87)
Aradhana Drinks and Beverages Private Limited)

3.
NourishCo Beverages Limited* U15500HR2010PLC041616 Associate/JV 50% 2(6)

4.
Pearl Drinks Limited U15532DL1982PLC014664 Associate 26% 2(6)

*Note:

PepsiCo India Holdings Private Limited holds a total of 9,999 shares in PepsiCo India Sales Private Limited, in its own name and
1 (one) share through its nominee, Mr. Debraj Chakraborty.

The entire shareholding in NourishCo Beverages Limited (JV) has been transferred by the Company to Tata Consumer Products
Ltd. with effect from 18th May, 2020.

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)

i. Category-wise Share Holding

13
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

No. of
No. of
Shares
Shares held %
held at
Category of at the Change
the end
beginning of during
of the
the year
year

The
Shareholders
year

% of Total % of Total
Demat Physical Total Dem at Physical Total
Shares Shares

A. Promoter

1) Indian

a) Individual/ HUF - - - - - - - - -

b) Central Govt - - - - - - - - -

c) State Govt(s) - - - - - - - - -

d) Bodies Corp - - - - - - - - -

e) Banks / FI - - - - - - - - -

f) Any Other - - - - - - - - -

- - - - - - - - -

Sub-total(A)(1):-

2) Foreign

g) NRIs-Individuals - - - - - - - - -

h) Other-Individuals - - - - - - - - -

i) Bodies Corp. N.A. Yes 3,69,21,72,586 99.92 3,69,21,72,586 99.92 NIL

j) Banks / FI - - - - - - - - -

k) Any Other…. - - - - - - - - -

3,69,21,72,586 3,69,21,72,586 99.92 NIL

Sub-total(A)(2):-

B. Public
Shareholding

1. Institutions - - - - - - - - -

a) Mutual Funds - - - - - - - - -

b) Banks / FI - - - - - - - - -

14
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

c) Central Govt - - - - - - - - -

d) State Govt(s) - - - - - - - - -

e) Venture Capital
- - - - - - - - -
Funds

f) Insurance
- - - - - - - - -
Companies

g) FIIs - - - - - - - - -

h) Foreign Venture
- - - - - - - - -
Capital Funds

i) Others (specify) - - - - - - - - -

- - - - - - - - -

Sub-total(B)(1)

2. Non Institutions

a) Bodies Corp. N.A. Yes N.A. Yes

(i) Indian – (i) Nil (i) Nil (i) NIL (i) NIL

(ii)
(ii) Overseas (ii) 28,13,601 (ii) 28,13,601 (ii)
0.076%

0.08% NIL

b) Individuals N.A. Yes

(i) Individual
shareholders holding (i) (i)
(i) 26 (i) 26 NIL
nominal share capital 0.0000007 0.0000007
upto Rs. 1 lakh.

(ii) NIL (ii) NIL (ii) NIL (ii) NIL

(ii) Individual
shareholders holding
nominal share capital
in excess of Rs 1 lakh

c) Others(Specify) - - - - - - - - -

28,13,627 0.0761 28,13,627 0.0761 NIL

Sub-total(B)(2)

Total Public
Shareholding
(B)=(B)(1)+ (B)(2)

N.A. Yes 28,13,627 0.0761 N.A. Yes 28,13,627 0.0761 NIL

15
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

C. Shares held by
Custodian for GDRs & - - - - - - - - -
ADRs

Grand Total N.A. Yes 3,69,49,86,213 100% N.A. Yes 3,69,49,86,213 100% NIL

(A+B+C)

ii. Shareholding of Promoters -

Shareholding
Shareholding
Sr. Shareholder’s at the
at the end of
No Name beginning of
the year
the year

% of total %of Shares % of total %of Shares % change in

Shares of Pledged / Shares of Pledged / share holding
No. of Shares No. of Shares
the encumber red to the encumbe red to during the
company total shares company total shares year

1. PepsiCo
3,69,21,72,586 99.92 N.A. 3,69,21,72,586 99.92 N.A. NIL
Panimex Inc.

iii.Change in Promoters’ Shareholding (please specify, if there is no change)

Shareholding at Cumulative
Sr.
the beginning of Shareholding
no
the year during the year

% of total % of total
No. of shares shares of the No. of shares shares of the
company company

At the beginning of the year 3,69,21,72,586 99.92 N.A. N.A.

Date wise Increase / Decrease in Promoters Share

holding during the year specifying the reasons for No Change No Change N.A. N.A.
increase

/ decrease (e.g. allotment / transfer / bonus/ sweat

equity etc):

At the End of the year 3,69,21,72,586 99.92 N.A. N.A.

(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):

Shareholding at Cumulative
S.
the beginning of shareholding
No.
the year during the year

16
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

% of total % of total
shares of shares of
For Each of the Top 10 Shareholders No. of shares No. of shares
the the
company company

1 PEPSICO INVESTMENTS LIMITED

At the beginning of the year 28,13,601 0.08%

Date wise Increase / Decrease in Share holding during the year

specifying the reasons for increase / decrease (e.g. allotment / N.A. N.A. N.A. N.A.
transfer / bonus / sweat equity etc):

At the End of the year ( or on the date of separation, if

28,13,601 0.08% 28,13,601 0.08%
separated during the year)

2 MR. JYOTI SAGAR

At the beginning of the year 26 0.00%

Date wise Increase / Decrease in Share holding during the year

specifying the reasons for increase / decrease (e.g. allotment / No Change No Change No Change No Change
transfer / bonus / sweat equity etc):

At the End of the year ( or on the date of separation, if

26 0.00% 26 0.00%
separated during the year)

(v) Shareholding of Directors and Key Managerial Personnel:

Shareholding at Cumulative
S.
the beginning of shareholding
No.
the year during the year

% of total % of total
shares of shares of
For Each of the Directors and KMP No. of shares No. of shares
the the
company company

At the beginning of the year Nil Nil Nil Nil

Date wise Increase / Decrease in Share holding during the year

specifying the reasons for increase / decrease (e.g. allotment / No Change No Change No Change No Change

17
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

transfer / bonus / sweat equity etc):

At the End of the year Nil Nil Nil Nil

INDEBTEDNESS

Indebtedness of the Company including interest outstanding/accrued but not due for payment –

Secured Loans excluding

Unsecured Deposits Total
deposits

Loans* (in Rs. Indebtedness (in Rs.

Lacs) Lacs)

Indebtedness at the beginning of the

financial year

i) Principal Amount

ii) Interest due but not paid Nil Nil Nil Nil

iii) Interest accrued but not

Total (i+ii+iii) Nil Nil Nil Nil

Change in Indebtedness during the financial

year

- Addition

- Reduction Nil Nil Nil Nil

Net Change Nil Nil Nil Nil

Indebtedness at the end of the financial year

i) Principal Amount

ii) Interest due but not paid Nil Nil Nil Nil

iii) Interest accrued but not due

Total (i+ii+iii) Nil Nil Nil Nil

V. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

18
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

A. Remuneration to Managing Director, Whole-time Directors and/or Manager –

Amounts in
INR

Sl. No. Particulars of Remuneration (Amounts in INR) Name

Mr. Sudipto Mrs. Preeti Mr. Niteen

1.
Mozumdar Sureka Pradhan

(01.04.2019 to (18.09.2019 to (01.04.2019 to

04.10.2019) 31.03.2020) 31.03.2020)

2.
Gross salary 65,02,942 34,62,752 2,44,79,561

(a)Salary as per provisions contained in Section 17(1)

(a) 55,60,374 (a) 34,29,783 (a) 1,83,41,268
of the Income-tax Act, 1961

(b)Value of perquisites u/s

17(2)Income-tax Act,

1961 (b) 5,82,843 (b) 32,969 (b) 4,800

(c)Profits in lieu of salary undersection17(3)Income-

(c) (c) (c)
taxAct,1961

3.
Stock Option 54,48,501

4.
Sweat Equity 0 0

5.
Commission 0 0

- as % of profit

- others, specify…

19
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

6.
Others, please specify

3,59,725 6,84,992

7.
Total(A) 65,02,942 34,62,752 2,44,79,561

B. Remuneration to other directors:

Sl. No. Particulars of Remuneration Name of Directors Total

Amount

Independent Directors N.A. N.A. N.A. N.A. N.A.

·Fee for attending board committee meetings

·Commission

·Others, please specify

Total(1)

Other Non-Executive Directors NIL

·Fee for attending board committee meetings

·Commission

·Others, please specify

Total(2) NIL

Total(B)=(1+2) NIL

Total Managerial Remuneration

Overall Ceiling as per the Act N.A.

C. Remuneration to Key Managerial Personnel Other Than MD/Manager/WTD –

Amounts in INR

Key Managerial
Sl. no. Particulars of
Personnel

20
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Remuneration (Amounts in INR)

CEO Company CFO Total

Secretary

1. 3,24,38,106
Gross salary N.A. N.A.
(a)1,96,96,001

(a)Salary as per provisions contained in

section17(1)of the Income-tax Act,1961

(b)Value of perquisites u/s

17(2)Income-tax (b) 1,800

Act,1961

(c)Profits in lieu of salary under section (c)

17(3)Income-tax

Act,1961

2.
Stock Option N.A. 1,27,40,305 N.A.

3.
Sweat Equity N.A. N.A.

4.
Commission N.A. N.A.

- as % of profit

-others, specify…

5.
Others, please specify N.A. N.A.

6.
Total N.A. 3,24,38,106 N.A.

VI. PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCES:

Section of the Brief Appeal made. If

Type Details of Penalty/ Authority[RD
companies Act description any(give details)

Punishment/Compounding
/NCLT/Court]
fees imposed

A. Company

Penalty - - - - -

21
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Punishment - - - - -

Compounding - - - - -

B. Directors

Penalty - - - - -

Punishment - - - - -

Compounding - - - - -

C. Other Officers In
Default

Penalty - - - - -

Punishment - - - - -

Compounding - - - - -

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS

Preeti Sureka Niteen Pradhan

Director Director

DIN: 08563464 DIN: 03129144

Date: 24th August, 2020

Place: Gurugram, Haryana

ANNEXURE B

(A) Conservation of energy-

(i) the steps taken or impact on conservation of energy:

· packaging convers interlocking for electricity use optimization (Pune).

(ii) the steps taken by the company for utilising alternate sources of energy:

· Continual use of roof top solar (Pune & Kolkata)

(iii) the capital investment on energy conservation equipment: Nil

(B) Technology absorption-

22
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

(i) the efforts made towards technology absorption:

· Water Recycling System (WRS) comprising of Reverse Osmosis (RO), Mechanical Vapour Recompression (MVR),
Multiple Effect Evaporator (MEE) technology (continued use at Channo plant and new investment at Pune)

· Potato peeler nozzle change to reduce water use (at Pune)

(ii) the benefits derived like product improvement, cost reduction, product development or import substitution:

· Maximum reuse of water & reduction in freshwater use.

· Reduction in freshwater use.

(iii) in case of imported technology (imported during the last three years reckoned from the beginning of the financial
year)- (a) the details of technology imported; (b) the year of import; (c) whether the technology been fully absorbed; (d) if not fully
absorbed, areas where absorption has not taken place, and the reasons thereof: N.A.

(iv) the expenditure incurred on Research and Development. –Rs. 399,069,934 (Rupees Thirty-nine crores ninety lakhs
sixty-nine thousand nine hundred thirty-four only)

(C) Foreign Exchange earnings and Outgo:

(i) The Foreign Exchange earned in terms of actual inflows during the year:

INR 98,58,60,580 (Rupees Ninety-eight crore fifty-eight lakh sixty thousand five-hundred and eighty only)

(ii) Foreign Exchange outgo during the year in terms of actual outflows:

INR 431,95,50,221 (Rupees four-hundred thirty-one crore ninety-five lakh fifty thousand two-hundred and twenty-one only)

ANNEXURE C

ANNUAL REPORT ON CSR ACTIVITIES

1. A brief outline of the company's CSR policy, including overview of projects or programs proposed to be undertaken and a
reference to the web-link to the CSR policy and projects or programs:

The CSR Policy has been prepared by PepsiCo India in line with the provisions of Section 135 of the Companies Act 2013 and
applies to all Corporate Social Responsibility (CSR) initiatives, projects, programmes, and activities undertaken by PepsiCo India.
It shall serve as a guiding document to help identify, execute, and monitor CSR projects in keeping with the spirit of the Policy.
The projects proposed to be undertaken under the policy inter alia include the following:

(a) Programs promoting sanitation including contribution to the Swach Bharat Kosh set-up by the Central Government for the
promotion of sanitation

(b) Programs aimed at improving the Vocational training and skill development

(c) Programs supporting Sustainable livelihoods initiatives

(d) Programs promoting gender equality and empowering women

(e) Ensuring environmental sustainability, ecological balance, protection of flora and fauna

(f) Natural resource conservation and management

(g) Contribution to the Prime Minister's National Relief Fund or any other fund set up by the Central Government for

23
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

socio-economic development and relief and welfare of the Scheduled Castes, the Scheduled Tribes, and other backward
classes, minorities and women

2. The Composition of the CSR Committee:

- Niteen Pradhan

- Preeti Sureka

3. Average net profit of the company for last three financial years [For 2016-17, 2017-18 and 2018-19]: INR (1,011) [Loss]

4. Prescribed CSR Expenditure (two per cent. of the amount as in item 3 above) NIL

5. Details of CSR spent during the financial year.

(a) Total amount to be spent for the financial year - NIL

(b) Amount unspent, if any; N.A.

(c) Manner in which the amount spent during the financial year is detailed below – N.A.

-1 -2 -3 -4 -5 -6 -7 -8

CSR Sector under Cumulative

Amount Amounts spent
project or which the expenditure up to
S.No Projects or programs outlay on the projects or Amount spent:
activity Project is the reporting
(budget) programs
identified covered period

Project Direct or
or through
(1) Local Area or other Sub-heads:
programs implementing
wise agency

(1) Direct
(2) Specify the State and
expenditure on
district where projects or
projects or
programs were undertaken
programs

(2) Overheads

1 - - - - - - -

TOTAL - - - - - -

*Give details of implementing agency: N.A.

6. In case the company has failed to spend the two per cent of the average net profit of the last three financial years or any part
thereof, the company shall provide the reasons for not spending the amount in its Board report – N.A.

7. A responsibility statement of the CSR Committee that the implementation and monitoring of CSR Policy, is in compliance with
CSR objectives and Policy of the company.

24
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

The CSR Committee states that the implementation and monitoring of CSR Policy of the Company is in conformity with and
adhere to the CSR objectives of the Company, as set out at their inception and as revised from time to time.

ANNEXURE D

Names of the top ten employees in terms of remuneration drawn and details of every employee of the Company, who was
employed throughout the Financial Year 2019-20, and was in receipt of remuneration for that year which, in the aggregate, was
not less than one crore and two lakh rupees:

Annual Remuneration (in

Name Designation Qualifications
INR)

Ahmed El Sheikh GM President - India Region 13,02,41,463 MBA

Deepika Warrier Vice President - India NourishCo 8,07,76,867 MBA

Jagrut Kotecha AMESA Chief Commercial Officer 4,85,15,907 B.E.

Vinod Kaushal Legal Vice President - India Region 3,24,38,106 CS

Kaushik Mitra Finance Vice President - India BU 2,79,45,152 CA

Niteen Suryakant
SC Operations Vice President PO1 2,44,79,561 B.E./B.Tech
Pradhan

Marketing Vice President - Category Beverages &

Vishal Kaul 2,03,61,698 MBA
Franchise

Shridhar Kulkarni LD&T Senior Director - PO1 2,02,14,744 NMIMS, IIMC

Aditya Sinha Sales Senior Director - Sales Development 1,98,03,913 MBA

Viraj Chouhan Communications Senior Director - India Region 1,85,50,443 MBA

Experience with Company Date of joining Age as on 31st March, 2020

Name Previous Employment
(in years) (DD/MM/ (in years)

YYYY)

Ahmed El Sheikh 2 01-12-2017 52 Johnson & Johnson

Gillete, South Asia

Deepika Warrier 20 15-07-2000 51
Exports

Jagrut Kotecha 26 25-01-1994 52 Cadbury India

Vinod Kaushal 10 01-04-2010 48 Nestle India Ltd.

25
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Kaushik Mitra 18 02-04-2002 51 PepsiCo

Niteen Suryakant
24 01-11-1995 60 G.R. ENGG WORKS
Pradhan

Vishal Kaul 2 01-08-2018 46 OLA

Shridhar Kulkarni 21 15-12-1998 54 Borosil Glass Works

Aditya Sinha 21 01-07-1999 49 CADBURY LIMITED

OLA (Ani Technologies

Viraj Chouhan 1 01-11-2018 46
Pvt Ltd)

Annual Remuneration (in

Name Designation Qualifications
INR)

Gaurav Goel Strategy Senior Director 1,80,72,131 MBA

Mijanur Rahman R&D Senior Director - Snacks - India & MEA 1,73,19,799 M.E.-M.Tech-MS

Gurmeet Singh Bhutani R&D Engg. Director 1,60,11,504 MBA

Sohit Chaudhary Fran Ops Senior Director 1,52,39,072 MBA

Dilen Gandhi Brand Marketing Senior Director- Foods Category 1,51,52,333 MBA

Sandeep Kamath Global Proc Senior Director Po1 MSO 1,47,72,372 MBA

Anil Kumar Sharma Director - IT Operations 1,37,57,103 MCA

L.N. Ramaswamy Ent Arch Director – AMENA 1,24,10,790 M.E./M.Tech/MS

Rinkesh Satija SC Agro Director 1,23,05,243 PGDM

Sanjay Purushottam
R&D Director - India, MENA and APAC F&V Nutrition 1,22,98,266 BSc. Tech
Naphade

Sanjeev Dudeja Legal Senior Director 1,22,30,357 B.COM

Shaminder Pal Singh R&D FSRA Director – India 1,18,63,093 MBA

Ashwani Singla Director Foods Manufacturing 1,17,93,456 Certificate

IT AMENA Enabling Functions Delivery &

Namit Kumar 1,17,76,463 MBA
Development Lead

Nobel Dhingra Brand Marketing Director – Flavours 1,09,06,628 MBA

Pavitra Singh HR Senior Director - India BU CHRO 1,08,14,745 MBA

HR Director - HRBP Category, Commercial, and

Gaurav Chaurasia 1,05,36,741 MBA
Franchise

26
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Experience with Date of joining Age as on 31st March,

Name Previous Employment
Company (in years) (DD/MM/ YYYY) 2020 (in years)

Gaurav Goel 1 01-01-2019 36 Bain & Company

Mijanur Rahman 14 29-05-2006 52 PepsiCo

Gurmeet Singh Dell Information Technology

9 04-07-2011 47
Bhutani and Services

Sohit Chaudhary 14 27-04-2006 50 PepsiCo

Dilen Gandhi 4 01-06-2016 41 Procter & Gamble

Sandeep Kamath 3 01-02-2017 54 Heinz India Pvt Ltd

Anil Kumar Sharma 17 06-11-2002 53 Nortel Networks

L.N. Ramaswamy 19 17-04-2001 53 Reckitt Benckiser Limited

Rinkesh Satija 7 18-02-2013 43 AksoNobel

Sanjay Purushottam
19 17-10-2000 53 International Best Foods
Naphade

Sanjeev Dudeja 3 01-08-2017 48 GSK

Shaminder Pal Singh 14 01-09-2006 53 GSK

Ashwani Singla 29 06-05-1991 49 PepsiCo

Namit Kumar 10 06-10-2009 42 IBM

Nobel Dhingra 4 03-08-2016 40 Nestle India Ltd

Pavitra Singh 14 16-02-2006 42 Fair Isaac

Gaurav Chaurasia 1 01-01-2019 37 PepsiCo

List of employees posted and working in a country outside India, as per the first Proviso to Rule 5 (3) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014:

Date of
Annual Experience Age as on 31st
joining Previous
Name Designation Remuneration Qualifications with Company March, 2020 (in
(DD/MM/ Employment
(in INR) (in years) years)
YYYY)

Sriram Kiran R&D Director, Nutrition B. Tech, MS

1,11,77,224 2 01-08-2017 39 PepsiCo
Annapragada APAC/China Grains & PhD

Anshul Brand Marketing

1,11,21,474 MBA 17 01-07-2002 41 PepsiCo
Khanna Director – Pepsi

Control & Reporting PepsiCo

Sanjay
Senior Director- Nappat 66,46,938 CA 16 12-05-2003 52 Intl.
Kumar
/ Vimaps (Beverages)

Manish Senior Director FP&A, Tata Steel

27
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Agrawal AMENA Sector 65,56,274 CA 14 09-01-2006 39 Ltd

Note:

1. None of the employees hold any equity shares in the Company as defined in Rule 5 (2) (iii) of Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014

2. None of the employees is a relative of any director/manager of the Company.

3. Nature of employment of all the above-mentioned employees is permanent.

ANNEXURE E

Names of the top ten employees in terms of remuneration drawn and details of every employee of the Company, who was
employed for a part of the Financial Year 2019-20, was in receipt of remuneration for any part of that year, at a rate which, in the
aggregate, was not less than eight lakh fifty thousand rupees per month:

Age as
Total Experience
on 31st
Remuneration for in Date of joining Previous
Name Designation Qualifications March,
part of the year Company (DD/MM/YYYY) Employment
2020 (in
(in INR) (in years)
years)

Cerebrus
Suchitra
HR Vice President 3,39,41,160 MBA 13 01-09-2006 51 Consultant
Rajendra
P Ltd

Bhaskar Manufacturing Senior

2,70,11,761 B.E./B.Tech 23 01-06-1996 51 Pfizer Ltd
Choudhury Director - Beverages

Saravanakumar BIS Senior Director - Bearing

1,51,38,915 M.E./M.Tech/MS 12 24-03-2008 41
Chellamuthu AMENA Delivery Point

Gaurav Mehta Insights Senior Director 1,40,83,848 MBA 22 19-05-1997 46 PepsiCo

Global Procurement JDA

Saurabh Tiwari 1,39,41,281 MBA 1 16-07-2018 43
Director-Sweeteners Software

Carlsberg
Franchise Director -
Prashant Dayal 1,32,43,243 MBA 8 20-06-2011 41 India Pvt.
Customer Marketing
Ltd.

Associate Director -
Subhabrata Not
Customer Management 1,30,24,525 PGDM 21 25-02-1999 48
Majumdar available
– CSD

Public Relations Senior

Neelima
Director - Govt. Affairs 1,15,08,229 MA 4 01-02-2016 54 Merck
Dwivedi
India Region

Senior Manager -
K P Murthy 1,04,46,569 B.E./B.Tech 22 24-09-1997 57 Voltas
Sales MEM

Hindustan
Franchise Director – Coca Cola
Devesh Singhal 95,85,530 MBA <1 07-05-2019 45

28
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

West & South Bev Pvt Ltd

Age
as on
Total Experience
31st
Remuneration in Date of joining Previous
Name Designation Qualifications March,
for part of the Company (DD/MM/YYYY) Employment
2020
year (in INR) (in years)
(in
years)

Finance Director -
Vivek Surie 95,44,091 MBA 10 17-08-2009 40 Hilti Corp
Revenue Management

Associate Director -
Reliance
Logistics Distribution &
Mukta Khanna 95,08,432 Diploma 6 17-06-2013 49 MediaWorks
Transportation Material
Ltd
Planning PO1

N Director - Consumer Not

80,67,886 Not available <1 08-07-2019 44
Ramasubramanian Insights Beverages available

Priyaranjan Jha GBS Hub Lead 78,28,389 MBA 1 01-04-2019 47 Genpact

Associate Director - SC
Sandeep Garg 53,40,749 B.E./B.Tech 17 17-04-2002 50 EID Parry
Operations

GE Capital
Abhishek Basu SC Finance Director 53,13,244 CA 14 11-04-2005 41
Intl Services

Spencer
Ajit Dheer GM Senior Director 44,17,047 MBA 11 25-07-2008 47
Retail ltd

Control & Reporting United

Jayashree Roy 42,93,615 CA <1 15-11-2019 44
Senior Director Biscuits

NourishCo
Associate Director –
Imamuddin Miya 33,69,062 Executive MBA 19 17-07-2000 46 Beverages
Sales
Ltd

Consumer Insights
Ruchira Jain 33,07,824 MBA 11 15-04-2008 44 Doxus
Director

Nikai
Associate Director - SC
Vinod Pamecha 31,17,472 B.E./B.Tech 7 04-07-2012 47 Electronics
Operations
Dubai

BIS Director - AMENA

Harsh Deep Kohli Strategy & Portfolio 29,11,890 MBA 2 15-05-2017 51 Alstom
Management

Pidilite
Sales Director - MT &
Abhishek Grover 28,64,189 MBA 13 01-08-2006 38 Industries
Premium
Ltd

Associate Director - Weber

Gayathri Sharma 28,17,835 PG Diploma 3 08-08-2016 42
Communications Shandwick

Associate Director - Adlabs

Varun Chawla Franchise Development 26,92,465 Diploma 12 01-04-2008 45 Films
– Foodservice Limited

29
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Sekar K Senior Manager – Sales 21,77,759 MBA 17 14-03-2003 40 PepsiCo

Associate Director -
Not
Sumit Gupta Customer Development - 21,10,791 MBA 12 23-07-2007 44
available
Rural GTM

Associate Director -
Deepak Gehlot Marketing Finance Bev 19,41,707 CA 13 29-01-2007 41 Jabil
Category

Galaxy
Abhishek Associate Director - SC
18,72,905 MBA 11 16-01-2009 43 Sufactants
Bhattacharya Planning PO1
Ltd

Associate Director -
Arunjit Singh Sales Beverages
18,12,354 MBA 9 08-11-2010 35 Nokia
Pasricha Category Marketing
Execution

Manager - Logistics
Mahadeo Vishnu
Distribution & 17,87,689 B.Com 20 04-10-1999 54 PepsiCo
Sawant
Transportation

Senior Manager - Sales - Not

Prashant Sharma 17,37,873 Not available 16 27-10-2003 48
GTM Development available

Assistant Manager - Dukes and

Arun Kale 16,46,221 B.Com 26 01-07-1993 51
Sales Finance Sons Ltd.

Associate Director -
Sandeep Kumar Not
Human Resources ELR 15,02,844 MBA 9 04-10-2010 40
Sharma available
& West Cluster

Assistant Manager -
Logistics Distribution & Not
V Vasudevan 14,20,863 B.Com 24 24-01-1996 51
Transportation - Material available
Planning

Assistant Manager - Not

Janardan Singh 13,89,328 M.E./M.Tech/MS 25 25-03-1995 61
Manufacturing available

Assistant Manager -
Prasad Duraphe 13,30,172 Diploma 21 14-07-1998 43 PCIHPL
Manufacturing

Senior Manager - Weber

Gunjan Bagga 13,27,229 PG Diploma 4 01-05-2015 38
Communications Shandwick

Senior Manager - Sales

Yogesh A Kini 12,95,780 MBA 6 22-04-2013 49 Network 18
Finance

Not
S. Rathinavel Manager - Sales 12,93,649 Not available 15 06-11-2004 46
available

Assistant Manager -
T Ravichandran Logistics Distribution & 11,74,780 MBA 22 04-06-1997 57 PepsiCo
Transportation

Tamil Nadu
Associate Director - SC Flourine &
V Sheshadri 11,38,893 B.E./B.Tech 20 15-09-1999 45
Operations Allied
Chemicals

Associate Director -
Vishal Naik Sales - Maharashtra & 11,23,850 MBA 3 23-01-2017 42 Cargill

30
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Goa

Manager - Accounting Not

J Murali Krishnan 10,93,195 BBA 11 06-05-2008 41
Operations available

Associate Director -
Himanshu Mishra Customer Development - 10,88,598 PGDM 8 09-03-2012 44 KPMG
Urban GTM

Assistant Manager - Not

Deepak Chavan 10,13,966 Diploma 20 21-02-2000 53
Sales MEM available

Associate Director - SC
Gopal Waghulde 10,06,601 Diploma 9 16-04-2010 49 PepsiCo
Operations

Not
Mohan Raj Senior Manager – Sales 9,87,305 B.Com 10 02-04-2010 46
available

The Walt
Sales Director - TN &
Rajat Diwaker 9,85,418 MBA 3 01-04-2017 42 Disney
Kerala
Company

Senior Manager - Sales Not

Dinesh Rao K G 9,80,366 CA 8 13-07-2011 35
Finance available

Husky Gas
Amritpal Singh Area Sales In-charge 9,47,815 BBA 19 13-04-2000 51
Station

Senior Manager - Eversandai

Vasanthan K Human Resources 9,34,591 MBA 3 02-11-2016 51 Engineering
South Cluster LLC, Dubai

Senior Manager - Not

Ankur Manglik 8,76,747 PGDM 3 08-08-2016 33
Revenue Management available

M. Kiran Kumar Not

Senior Manager - Sales 8,74,238 CS 13 13-12-2006 45
Shetty available

Senior Manager -
Anant Choudhary 8,59,475 B.Tech 8 01-07-2011 32 PepsiCo
Manufacturing

List of employees posted and working in a country outside India, as per the first Proviso to Rule 5 (3) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014:

Age as
Monthly Experience
on 31st
Remuneration in Date of joining Previous
Name Designation Qualifications March,
received for part of Company (DD/MM/YYYY) Employment
2020 (in
the year (in INR) (in years)
years)

Sudipto Franchise Strategy Vice

36,84,544 MBA 21 19-09-1998 48 PepsiCo
Mozumdar President - India Region

AIESEC
Anuj Chadha Sales GBS Lead 27,37,589 PGDM 20 01-07-1999 44 Student
Organization

Samudra Franchise Strategy Vice

54,38,799 MBA 13 25-04-2006 48 Asian Paints
Bhattacharya President

Gautam BRM Senior Director Less than

31
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Garg India 18,72,075 MBA 1 year 01-06-2019 PepsiCo

Associate Director - SC
Archit Batra 25,66,348 PGDM 3 16-01-2017 42 Genpact
Capability

Associate Director -
Satyajit
Global Procurement 53,72,102 M.Sc 18 19-12-2001 56 Mattel
Talluri
Foods Packaging

Vandana Associate Director - Hewitt

13,04,919 MBA 12 14-01-2008 45
Mehra Sales Capability Associate

Associate Director -
Vipul
Marketing Finance Bev 23,10,766 CA 15 06-09-2004 45 PepsiCo
Sachdeva
Category

SC QC Senior Manager Jenney &

K Yuvaraj - QC FOBO East (RoAP, 7,44,021 Diploma 25 26-05-1994 50 Amro Foods
PAK & ANZ) Ltd

Senior Manager -
Vishal Mehra Enterprise/SAP 9,37,204 MBA 3 26-09-2016 36 Infosys
Solutions

Vikas SC Director, AMENA Pinnacle

25,71,107 BE 2 01-08-2017 51
Kapoor Beverages Engineering Consulting

SC Engineering
Uttam Manager - Engineering
6,42,047 BE- Mech 13 12-02-2007 46 ITC
Charan Project Management,
AMENA

Maneesha
Asthana Insights Director 9,82,895 PGDM 6 13-06-2013 41 Nokia
Khanna

Associate Director -
Manisha Healthy Safety & M.E./M. GE Capital
8,50,886 5 23-06-2014 53
Maheshwari Environmental - E & C, Tech/MS India
Amea

Prabhdial Associate Director - R&D

16,09,189 M.Sc 4 01-10-2015 41 GSK
Singh Nutrition

Ritesh Associate Director -

8,23,171 MBA 9 01-06-2010 34 PepsiCo
Agarwal Sales Capability

Associate Director -
Nishant Times
Compensation & 7,40,684 MBA 9 20-12-2010 40
Upadhyay Internet
Benefits

Dewang G Senior Manager - R&D - Cummins

6,21,343 PGDBM 8 11-11-2011 40
Parikh GVIC India Ltd.

Global Proc Program Tecom

Priya Advani 5,51,588 B.Com 4 23-02-2016 42
Manager AMENA Investment

Mukesh Associate Director - R&D

17,06,102 M.Sc 12 20-09-2007 46 Wrigley
Kumar - Beverages

Note:

32
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

1. None of the employees hold any equity shares in the Company as defined in Rule 5 (2) (iii) of Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014

2. None of the employees is a relative of any director/manager of the Company.

3. Nature of employment of all the above-mentioned employees is permanent.

4. Remuneration mentioned in the table includes the payments made as full and final, including retiral compensation, made to
employees who left the Company during the FY 2019-20.

Textual information (2)

Description of state of companies affair

During the year under review, the turnover of the Company was Rs. 5,20,805 lacs. Overall, the Company is reporting a profit of Rs. 32,874 lacs
and a Total Comprehensive Income of Rs. 31,155 lacs for the financial year 2019-20 as compared to a profit of Rs. 3,558 lacs and a Total
Comprehensive Income of Rs. 1,719 lacs during the previous year.

Textual information (3)

Details regarding energy conservation

The information relating to conservation of energy, technology absorption and foreign exchange earnings & outgo as required under Section
134(3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 is annexed herewith as Annexure B.

Textual information (4)

Details regarding technology absorption

The information relating to conservation of energy, technology absorption and foreign exchange earnings & outgo as required under Section
134(3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 is annexed herewith as Annexure B.

Textual information (5)

Details regarding foreign exchange earnings and outgo

The information relating to conservation of energy, technology absorption and foreign exchange earnings & outgo as required under Section
134(3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 is annexed herewith as Annexure B.

33
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (6)

Disclosures in director’s responsibility statement

To the best of their knowledge and belief and according to the information and explanations obtained by them, your Directors
make the following statements in terms of the section 134(3)(c) of the Companies Act, 2013:

(i) that in the preparation of the annual financial statements for the year ended March 31, 2020, the applicable
accounting standards have been followed along with proper explanation relating to material departures, if any;

(ii) that such accounting policies, as mentioned in Note 2 of the Notes to the Financial Statements, have been selected
and applied consistently and judgments and estimates have been made that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the company as at March 31, 2020 and of the profit/loss of the Company for the year ended on
that date;

(iii) that proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance
with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting
fraud and other irregularities;

(iv) that the annual financial statements have been prepared on a going concern basis;

(v) that proper internal financial controls were in place and that the financial controls were adequate and were operating
effectively;

(vi) that proper systems to ensure compliance with the provisions of all applicable laws were in place and were adequate
and operating effectively.

Textual information (7)

Details of material changes and commitment occurred during period affecting financial position of company

During the year ended 31st March 2020, the Company, pursuant to the term sheet dated 20th March 2020, agreed to sell its
Investment in Joint Venture ('JV') (NourishCo Beverages Limited) to Tata Consumer Products Limited for a consideration of
Rs.1,300 Lacs for sale of shares in JV and Rs. 1,600 Lacs for relinquishing its' right in a trademark. The Parties have executed
the agreement for the said transaction on 18th May, 2020 viz. the effective transfer date.

Note: Please refer to Note no. 48 (Profit/Loss on exceptional items), of the Standalone Financial Statements.

34
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (8)

Particulars of loans guarantee investment under section 186 [Text Block]

LOANS – The Company has not given any loan to any person or body corporate during the financial year 2019-20.

GUARANTEES - The Company has not given any guarantee under Section 186 of the Companies Act, 2013, during the financial
year 2019-20.

INVESTMENTS – The Company has not made any investments under Section 186 of the Companies Act, 2013, during 2019-20.

Textual information (9)

Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]

All related party contracts / arrangements / transactions entered into by the Company were with the Subsidiary or Associates of
the Company, on arms’ length and in the ordinary course of business, therefore no disclosures are required to be made in AOC-2
as per Rule 8 of the Companies (Accounts) Rules, 2014. There are no Related Party transactions made by the Company with
Directors, or Key Managerial Personnel or other designated persons which may have potential conflict with the interest of the
Company at large.

None of the Directors has any pecuniary relationships or transactions vis-à-vis the Company.

Textual information (10)

Disclosure of extract of annual return as provided under section 92(3) [Text Block]

The details forming part of the extract of the Annual Return in form MGT 9 is annexed herewith as Annexure A. The Annual
Return of the Company will be placed on the website www.pepsicoindia.co.in under the Downloads Section.

35
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (11)

Disclosure for companies covered under section 178(1) on directors appointment and remuneration including other
matters provided under section 178(3) [Text Block]

In terms of provisions of rule 5(2) & (3) of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014,
names of the top ten employees in terms of remuneration drawn and the particulars of every employee falling in the following
category have been mentioned in Annexure D and Annexure E respectively:

(i) if employed throughout the financial year, was in receipt of remuneration for that year which, in the aggregate, was
not less than one crore and two lakh rupees;

(ii) if employed for a part of the financial year, was in receipt of remuneration for any part of that year, at a rate which, in
the aggregate, was not less than eight lakh and fifty thousand rupees per month;

Textual information (12)

Disclosure of statement on development and implementation of risk management policy [Text Block]
Company has implemented a comprehensive risk management policy detailing the risks that the Company faces under various categories like
industry, category, portfolio, competitor, channel, sustainability, supply chain, procurement and other risks and these have been identified and
suitable mitigation measures have also been formulated. The Company establishes the oversight and framework within which the mitigation
measures are periodically reviewed by the Risk committee, comprising of functional heads. The Company reviews the robustness of the risk
management process annually.

Textual information (13)

Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
The Company had constituted a Corporate Social Responsibility Committee under Section 135 (1) of the Companies Act, 2013. However, since
the Company did not have any average profits for the three immediately preceding financial years, therefore in terms of Section 135 (5) of the
Companies Act, 2013, the Company was not required to incur any expenditure towards CSR activities. The disclosures required as per Rule 9 of
Companies (Corporate Social Responsibility Policy) Rules, 2014 are provided in Annexure C.

36
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (14)

Disclosure of financial summary or highlights [Text Block]

1. PERFORMANCE OF THE COMPANY AND FINANCIAL SUMMARY HIGHLIGHTS

The summarized financial results of the Company (Standalone) for the financial year 2019 - 20 are given hereunder:

All figures in Rs. Lacs

ITEM Year ended Year ended

31st March 2019 31st March 2020

1. Turnover 6,18,081 5,20,805

2. Operating Income 7,581 5,598

3. Other Income 6,821 21,569

4. LESS:

5. Excise Duty 0 0

6. Operating Expenditure 3,21,532 2,69,420

7. Depreciation 33,527 19,002

8. Employee benefits expenses 72,060 54,086

9. Finance Cost 2,117 3,187

10. Other Expenses 1,98,999 1,77,584

11. Profit/Loss before Taxes, prior period expenses and exceptional items 4,248 24,693

12. Exceptional items 1,304

13. Tax expense 690 -6,876

14. Current tax 690 8,969

15. Deferred Tax 0 -15,846

16. MAT credit written off 0 0

17. Prior Period Expenses 0 0

18. Tax adjustment pertaining to prior period 0 0

19. Net Profit/Loss after Tax and exceptional items 3,558 32,874

37
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

20. Remeasurement of defined benefit obligations -1,839 -2,642

21. Tax relating to above items 0 923

Total comprehensive income / (loss) for the year 1,719 31,155

Note: Please refer to Note no. 24 (for Revenue from Operations), Note nos. 26, 27 and 28 (for Operating Expenses) of the Standalone Profit and
Loss Statement.

Textual information (15)

Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]

Mr. Sudipto Mozumdar (DIN: 03302828) resigned from the Board of Directors with effect from 4th October, 2019.

Ms. Preeti Sureka (DIN: 08563464) was appointed as Additional Director with effect from 18th September, 2019 and was
confirmed as a Director with effect from 25th September, 2019.

Textual information (16)

Details of significant and material orders passed by regulators or courts or tribunals impacting going concern status
and company’s operations in future [Text Block]
During the year under review, no material orders have been passed by the regulators or courts or tribunals impacting the going concern status and
company’s operations in future.

Textual information (17)

Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
Based on the existing system of internal financial controls and compliance systems established and maintained by the Company, work performed
by the internal and Statutory Auditor, the Board is of the opinion that the Company’s internal financial controls with reference to the Financial
Statements, were adequate and effective during the financial year 2019-20.

38
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (18)

Disclosure of appointment and remuneration of director or managerial personnel if any, in the financial year [Text
Block]

In terms of provisions of rule 5(2) & (3) of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014,
names of the top ten employees in terms of remuneration drawn and the particulars of every employee falling in the following
category have been mentioned in Annexure D and Annexure E respectively:

(i) if employed throughout the financial year, was in receipt of remuneration for that year which, in the aggregate, was
not less than one crore and two lakh rupees;

(ii) if employed for a part of the financial year, was in receipt of remuneration for any part of that year, at a rate which, in
the aggregate, was not less than eight lakh and fifty thousand rupees per month;

Textual information (19)

Disclosure of report concerns about unethical behaviour, actual or suspected fraud or violation of company’s code of
conduct or ethics policy [Text Block]
In terms of Section 22 of the Sexual Harassment Of Women at Workplace (Prevention, Prohibition And Redressal) Act, 2013 (“Act”), the
Members are informed that during the calendar year 2019, three sexual harassment complaints were made to the Internal Complaints Committee
of the Company and appropriate action was taken in all cases in terms of the Act and Company’s Policy of Prevention, Prohibition and Redressed
of Sexual Harassment. The Company has complied with the provisions relating to the constitution of Internal Complaints Committee under the
Act.

[700500] Disclosures - Signatories of financial statements

Details of directors signing financial statements [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Directors signing financial statements [Axis] 1 2
01/04/2019 01/04/2019
to to
31/03/2020 31/03/2020
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director Preeti NITEEN
Middle name of director SURYAKANT
Last name of director Sureka PRADHAN
Designation of director Director Director
Director identification number of director 08563464 03129144
Date of signing of financial statements by director 24/08/2020 24/08/2020

39
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019
to
31/03/2020

class="bordered">
Name of company secretary V i n o d
Kaushal
Permanent account number of company secretary AADPK5427C
Date of signing of financial statements by company secretary 24/08/2020

[700400] Disclosures - Auditors report

Details regarding auditors [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Auditors [Axis] 1
01/04/2019
to
31/03/2020
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Walker Chandiok &
Name of audit firm Co LLP
Name of auditor signing report TANDON ARUN
Firms registration number of audit firm 001076N/N500013
Membership number of auditor 517273
51 CHANDER
NAGAR JANAK
Address of auditors PURI NEW DELHI
110058
Permanent account number of auditor or auditor's firm AAAFW4298E
SRN of form ADT-1 G55864144
Date of signing audit report by auditors 24/08/2020
Date of signing of balance sheet by auditors 24/08/2020

40
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark applicable
[Member] [Member]
01/04/2019 01/04/2019
to to
31/03/2020 31/03/2020
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [LineItems]
Textual information
Disclosure in auditors report relating to fixed assets (20) [See below]
Textual information
Disclosure relating to quantitative details of fixed assets (21) [See below]
Disclosure relating to physical verification and material discrepancies of fixed Textual information
assets (22) [See below]

The title deeds of all

the immovable
properties (which are
included under the
Disclosure relating to title deeds of immovable properties head ‘Property, plant
and equipment’) are
held in the name of
the Company.

Textual information
Disclosure in auditors report relating to inventories (23) [See below]
Textual information
Disclosure in auditors report relating to loans (24) [See below]
Disclosure in auditors report relating to compliance with Section 185 and 186 of Textual information
Companies Act, 2013 (25) [See below]
Textual information
Disclosure in auditors report relating to deposits accepted (26) [See below]
Textual information
Disclosure in auditors report relating to maintenance of cost records (27) [See below]
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (28) [See below]
Disclosure relating to regularity in payment of undisputed statutory dues Textual information
[TextBlock] (29) [See below]

The dues
outstanding in
respect of
income-tax,
sales-tax,
Disclosure relating to disputed statutory dues [TextBlock] service-tax, duty of
customs, duty of
excise and value
added tax on account
of any dispute, are
stated in Annexure
A.
Textual information
Disclosure in auditors report relating to default in repayment of financial dues (30) [See below]
Disclosure in auditors report relating to public offer and term loans used for Textual information
purpose for which those were raised (31) [See below]

No fraud by the
Company or on the
Company by its
Disclosure in auditors report relating to fraud by the company or on the
officers or
company by its officers or its employees reported during period employees has been
noticed or reported
during the period
covered by our audit.
Textual information
Disclosure in auditors report relating to managerial remuneration (32) [See below]

41
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

In our opinion, the

Company is not a
Nidhi Company.
Disclosure in auditors report relating to Nidhi Company Accordingly,
provisions of clause
3(xii) of the Order
are not applicable.
Textual information
Disclosure in auditors report relating to transactions with related parties (33) [See below]

During the year, the

Company has not
made any
Disclosure in auditors report relating to preferential allotment or private preferential
placement of shares or convertible debentures allotment or private
placement of shares
or fully or partly
convertible
debentures.

In our opinion, the

Company has not
entered into any
non-cash
Disclosure in auditors report relating to non-cash transactions with directors
transactions with the
or persons connected with him directors or persons
connected with them
covered under
Section 192 of the
Act.

The Company is not

required to be
Disclosure in auditors report relating to registration under section 45-IA of
registered under
Reserve Bank of India Act, 1934 Section 45-IA of the
Reserve Bank of
India Act, 1934.

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019
to
31/03/2020
Textual information (34)
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks

Textual information (20)

Disclosure in auditors report relating to fixed assets

(i) The Company has maintained proper records showing full particulars, including quantitative details and situation of Property,
(a) Plant and Equipment (‘PPE’), Right of Use (‘ROU’) assets and other intangible assets.

The Company has a regular program of physical verification of its Property, Plant and Equipment (PPE) under which PPE are
verified in a phased manner over a period of three years other than PPE held under ROU assets and PPE held with third
parties. For assets held by third parties, written confirmations are obtained by the management annually. In our opinion,
(b)
except in the case of PPE under ROU assets, the periodicity of physical verification is reasonable having regard to the size of
the Company and nature of its assets. In accordance with the program, certain PPE were verified during the current year. As
informed to us, no material discrepancies were noticed on such verification.

The title deeds of all the immovable properties (which are included under the head ‘Property, plant and equipment’) are held
(c)
in the name of the Company.

42
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (21)

Disclosure relating to quantitative details of fixed assets

The Company has maintained proper records showing full particulars, including quantitative details and situation of Property, Plant and
Equipment (‘PPE’), Right of Use (‘ROU’) assets and other intangible assets.

Textual information (22)

Disclosure relating to physical verification and material discrepancies of fixed assets

The Company has a regular program of physical verification of its Property, Plant and Equipment (PPE) under which PPE are verified in a phased
manner over a period of three years other than PPE held under ROU assets and PPE held with third parties. For assets held by third parties,
written confirmations are obtained by the management annually. In our opinion, except in the case of PPE under ROU assets, the periodicity of
physical verification is reasonable having regard to the size of the Company and nature of its assets. In accordance with the program, certain PPE
were verified during the current year. As informed to us, no material discrepancies were noticed on such verification.

Textual information (23)

Disclosure in auditors report relating to inventories

In our opinion, the management has conducted physical verification of inventory at reasonable intervals during the year, except for
goods-in-transit and stocks lying with third parties. For stocks lying with third parties at the year-end, written confirmations have been obtained
by the management. No material discrepancies were noticed on the aforesaid verification.

Textual information (24)

Disclosure in auditors report relating to loans

The Company has not granted any loan, secured or unsecured to companies, firms, Limited Liability Partnerships (LLPs) or other parties covered
in the register maintained under Section 189 of the Act. Accordingly, the provisions of clauses 3(iii)(a), 3(iii)(b) and 3(iii)(c) of the Order are not
applicable.

Textual information (25)

Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
In our opinion, the Company has not entered into any transaction covered under Sections 185 and 186 of the Act. Accordingly, the provisions of
clause 3(iv) of the Order are not applicable.

Textual information (26)

Disclosure in auditors report relating to deposits accepted

In our opinion, the Company has not accepted any deposits within the meaning of Sections 73 to 76 of the Act and the Companies (Acceptance of
Deposits) Rules, 2014 (as amended). Accordingly, the provisions of clause 3(v) of the Order are not applicable.

43
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (27)

Disclosure in auditors report relating to maintenance of cost records

The Central Government has not specified maintenance of cost records under sub-section (1) of Section 148 of the Act, in respect of Company’s
products. Accordingly, the provisions of clause 3(vi) of the Order are not applicable.

Textual information (28)

Disclosure in auditors report relating to statutory dues [Text Block]

Undisputed statutory dues including provident fund, employees’ state insurance, income-tax, sales-tax, service tax, duty
of customs, duty of excise, value added tax, cess and other material statutory dues, as applicable, have generally been
(vii)(a) regularly deposited to the appropriate authorities, though there has been a slight delay in a few cases. Further, no
undisputed amounts payable in respect thereof were outstanding at the year-end for a period of more than six months
from the date they became payable.

The dues outstanding in respect of income-tax, sales-tax, service-tax, duty of customs, duty of excise and value added
(b)
tax on account of any dispute, are stated in Annexure A.

Textual information (29)

Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]

Undisputed statutory dues including provident fund, employees’ state insurance, income-tax, sales-tax, service tax, duty of customs, duty of
excise, value added tax, cess and other material statutory dues, as applicable, have generally been regularly deposited to the appropriate
authorities, though there has been a slight delay in a few cases. Further, no undisputed amounts payable in respect thereof were outstanding at the
year-end for a period of more than six months from the date they became payable.

Textual information (30)

Disclosure in auditors report relating to default in repayment of financial dues

The Company has no loans or borrowings payable to a financial institution or a bank or government and no dues payable to debenture-holders
during the year. Accordingly, the provisions of clause 3(viii) of the Order are not applicable.

Textual information (31)

Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
The Company did not raise moneys by way of initial public offer or further public offer (including debt instruments) and did not have any term
loans outstanding during the year. Accordingly, the provisions of clause 3(ix) of the Order are not applicable.

44
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (32)

Disclosure in auditors report relating to managerial remuneration

The provisions of Section 197 of the Act read with Schedule V to the Act are not applicable to the Company since the Company is not a public
company as defined under Section 2(71) of the Act. Accordingly, provisions of clause 3(xi) of the Order are not applicable.

Textual information (33)

Disclosure in auditors report relating to transactions with related parties

In our opinion, all transactions with the related parties are in compliance with Section 188 of the Act, where applicable, and the requisite details
have been disclosed in the financial statements, as required by the applicable Ind AS. Further, in our opinion, the Company is not required to
constitute audit committee under Section 177 of the Act.

45
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (34)

Disclosure in auditor’s report explanatory [Text Block]

Independent Auditor’s Report

To the Members of PepsiCo India Holdings Private Limited

Report on the Audit of the Standalone Financial Statements

Opinion

1. We have audited the accompanying standalone financial statements of PepsiCo India Holdings Private Limited (‘the
Company’), which comprise the Balance Sheet as at 31 March 2020, the Statement of Profit and Loss (including Other
Comprehensive Income), the Cash Flow Statement and the Statement of Changes in Equity for the year then ended, and a
summary of the significant accounting policies and other explanatory information.

2. In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone
financial statements give the information required by the Companies Act, 2013 (‘Act’) in the manner so required and give a true
and fair view in conformity with the accounting principles generally accepted in India including Indian Accounting Standards (‘Ind
AS’) specified under section 133 of the Act, of the state of affairs of the Company as at 31 March 2020, and its profit (including
other comprehensive income), its cash flows and the changes in equity for the year ended on that date.

Basis for Opinion

3. We conducted our audit in accordance with the Standards on Auditing specified under section 143(10) of the Act. Our
responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial
Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the
Institute of Chartered Accountants of India (‘ICAI’) together with the ethical requirements that are relevant to our audit of the
financial statements under the provisions of the Act and the rules thereunder, and we have fulfilled our other ethical
responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.

Information other than the Financial Statements and Auditor’s Report thereon

4. The Company’s Board of Directors is responsible for the other information. The other information comprises the information
included in the Directors’ Report, but does not include the standalone financial statements and our auditor’s report thereon.

Our opinion on the standalone financial statements does not cover the other information and we do not express any form of
assurance conclusion thereon.

In connection with our audit of the standalone financial statements, our responsibility is to read the other information and, in
doing so, consider whether the other information is materially inconsistent with the standalone financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated.

The Directors’ Report is not made available to us at the date of this auditor’s report. We have nothing to report in this regard.

Responsibilities of Management for the Standalone Financial Statements

5. The accompanying standalone financial statements have been approved by the Company’s Board of Directors. The
Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the preparation of
these standalone financial statements that give a true and fair view of the financial position, financial performance including other
comprehensive income, changes in equity and cash flows of the Company in accordance with the accounting principles generally
accepted in India, including the Ind AS specified under section 133 of the Act. This responsibility also includes maintenance of

46
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

adequate accounting records in accordance with the provisions of the Act for safeguarding of 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

47
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant
to the preparation and presentation of the financial statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error.

6. 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.

7. Those Board of Directors is also responsible for overseeing the Company’s financial reporting process.

Auditor’s Responsibilities for the Audit of the Financial Statements

8. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material
misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is
a high level of assurance, but is not a guarantee that an audit conducted in accordance with Standards on Auditing will always
detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if,
individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the
basis of these financial statements.

9. As part of an audit in accordance with Standards on Auditing, we exercise professional judgment and maintain professional
skepticism throughout the audit. We also:

· Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design
and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a
basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from
error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control;

· Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in
the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the
Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness
of such controls;

· Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related
disclosures made by management;

· Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit
evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the
Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw
attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to
modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However,
future events or conditions may cause the Company to cease to continue as a going concern;

· Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether
the financial statements represent the underlying transactions and events in a manner that achieves fair presentation;

10. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the
audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Report on Other Legal and Regulatory Requirements

11. Based on our audit, we report that the provisions of section 197 read with Schedule V to the Act are not applicable to the
Company since the Company is not a public company as defined under section 2(71) of the Act. Accordingly, reporting under
section 197(16) is not applicable.

12. As required by the Companies (Auditor’s Report) Order, 2016 (‘the Order’) issued by the Central Government of India in
terms of section 143(11) of the Act, we give in the Annexure I, a statement on the matters specified in paragraphs 3 and 4 of the
Order.

13. Further to our comments in Annexure I, as required by section 143(3) of the Act, based on our audit, we report, to the extent
applicable, that:

a) we have sought and obtained all the information and explanations which to the best of our knowledge and belief were
necessary for the purpose of our audit of the accompanying standalone financial statements;

48
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

b) in our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our
examination of those books;

c) the standalone financial statements dealt with by this report are in agreement with the books of account;

d) in our opinion, the aforesaid standalone financial statements comply with Ind AS specified under section 133 of the Act;

e) on the basis of the written representations received from the directors and taken on record by the Board of Directors, none
of the directors is disqualified as on 31 March 2020 from being appointed as a director in terms of section 164(2) of the Act;

f) we have also audited the internal financial controls with reference to financial statements of the Company as on 31 March
2020 in conjunction with our audit of the standalone financial statements of the Company for the year ended on that date and our
report dated 21 August 2020 as per Annexure II expressed unmodified opinion; and

g) with respect to the other matters to be included in the Auditor’s Report in accordance with rule 11 of the Companies (Audit
and Auditors) Rules, 2014 (as amended), in our opinion and to the best of our information and according to the explanations
given to us:

i. the Company, as detailed in note 42 to the standalone financial statements, has disclosed the impact of pending
litigations on its financial position as at 31 March 2020;

ii. the Company did not have any long-term contracts including derivative contracts for which there were any material
foreseeable losses as at 31 March 2020;

iii. there were no amounts which were required to be transferred to the Investor Education and Protection Fund by the
Company during the year ended 31 March 2020; and

iv. the disclosure requirements relating to holdings as well as dealings in specified bank notes were applicable for the
period from 8 November 2016 to 30 December 2016, which are not relevant to these standalone financial statements. Hence,
reporting under this clause is not applicable.

For Walker Chandiok & Co LLP

Chartered Accountants

Firm’s Registration No.: 001076N/N500013

Arun Tandon

Partner

Membership No.: 517273

UDIN:

Place: Gurugram

Date: 24 August 2020

Annexure I to the Independent Auditor’s Report of even date to the members of PepsiCo India Holdings Private Limited, on the standalone
financial statements for the year ended 31 March 2020

Annexure I

49
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Based on the audit procedures performed for the purpose of reporting a true and fair view on the financial statements of
the Company and taking into consideration the information and explanations given to us and the books of account and
other records examined by us in the normal course of audit, and to the best of our knowledge and belief, we report that:

The Company has maintained proper records showing full particulars, including quantitative details and situation of
(i) (a)
Property, Plant and Equipment (‘PPE’), Right of Use (‘ROU’) assets and other intangible assets.

The Company has a regular program of physical verification of its Property, Plant and Equipment (PPE) under which PPE
are verified in a phased manner over a period of three years other than PPE held under ROU assets and PPE held with
third parties. For assets held by third parties, written confirmations are obtained by the management annually. In our
(b)
opinion, except in the case of PPE under ROU assets, the periodicity of physical verification is reasonable having regard
to the size of the Company and nature of its assets. In accordance with the program, certain PPE were verified during the
current year. As informed to us, no material discrepancies were noticed on such verification.

The title deeds of all the immovable properties (which are included under the head ‘Property, plant and equipment’) are
(c)
held in the name of the Company.

In our opinion, the management has conducted physical verification of inventory at reasonable intervals during the year,
except for goods-in-transit and stocks lying with third parties. For stocks lying with third parties at the year-end, written
(ii)
confirmations have been obtained by the management. No material discrepancies were noticed on the aforesaid
verification.

The Company has not granted any loan, secured or unsecured to companies, firms, Limited Liability Partnerships (LLPs)
(iii) or other parties covered in the register maintained under Section 189 of the Act. Accordingly, the provisions of clauses
3(iii)(a), 3(iii)(b) and 3(iii)(c) of the Order are not applicable.

In our opinion, the Company has not entered into any transaction covered under Sections 185 and 186 of the Act.
(iv)
Accordingly, the provisions of clause 3(iv) of the Order are not applicable.

In our opinion, the Company has not accepted any deposits within the meaning of Sections 73 to 76 of the Act and the
(v) Companies (Acceptance of Deposits) Rules, 2014 (as amended). Accordingly, the provisions of clause 3(v) of the Order
are not applicable.

The Central Government has not specified maintenance of cost records under sub-section (1) of Section 148 of the Act, in
(vi)
respect of Company’s products. Accordingly, the provisions of clause 3(vi) of the Order are not applicable.

Undisputed statutory dues including provident fund, employees’ state insurance, income-tax, sales-tax, service tax, duty
of customs, duty of excise, value added tax, cess and other material statutory dues, as applicable, have generally been
(vii)(a) regularly deposited to the appropriate authorities, though there has been a slight delay in a few cases. Further, no
undisputed amounts payable in respect thereof were outstanding at the year-end for a period of more than six months
from the date they became payable.

The dues outstanding in respect of income-tax, sales-tax, service-tax, duty of customs, duty of excise and value added
(b)
tax on account of any dispute, are stated in Annexure A.

The Company has no loans or borrowings payable to a financial institution or a bank or government and no dues payable
(viii)
to debenture-holders during the year. Accordingly, the provisions of clause 3(viii) of the Order are not applicable.

The Company did not raise moneys by way of initial public offer or further public offer (including debt instruments) and did
(ix) not have any term loans outstanding during the year. Accordingly, the provisions of clause 3(ix) of the Order are not
applicable.

No fraud by the Company or on the Company by its officers or employees has been noticed or reported during the period
(x)
covered by our audit.

The provisions of Section 197 of the Act read with Schedule V to the Act are not applicable to the Company since the
(xi) Company is not a public company as defined under Section 2(71) of the Act. Accordingly, provisions of clause 3(xi) of the
Order are not applicable.

In our opinion, the Company is not a Nidhi Company. Accordingly, provisions of clause 3(xii) of the Order are not
(xii)
applicable.

50
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

In our opinion, all transactions with the related parties are in compliance with Section 188 of the Act, where applicable,
(xiii) and the requisite details have been disclosed in the financial statements, as required by the applicable Ind AS. Further, in
our opinion, the Company is not required to constitute audit committee under Section 177 of the Act.

During the year, the Company has not made any preferential allotment or private placement of shares or fully or partly
(xiv)
convertible debentures.

In our opinion, the Company has not entered into any non-cash transactions with the directors or persons connected with
(xv)
them covered under Section 192 of the Act.

(xvi) The Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934.

For Walker Chandiok & Co LLP

Chartered Accountants

Firm’s Registration No.: 001076N/N500013

Arun Tandon

Partner

Membership No.: 517273

UDIN:

Place: Gurugram

Date: 24 August 2020

Annexure II

Independent Auditor’s Report on the internal financial controls with reference to the standalone financial statements under
Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (‘the Act’)

1. In conjunction with our audit of the standalone financial statements of PepsiCo India Holdings Private Limited (‘the
Company’) as at and for the year ended 31 March 2020, we have audited the internal financial controls with reference to financial
statements of the Company as at that date.

Responsibilities of Management for Internal Financial Controls

2. The Company’s Board of Directors is responsible for establishing and maintaining internal financial controls based on the
internal control over financial reporting criteria established by the company considering the essential components of internal
control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the ‘Guidance Note’) issued
by the Institute of Chartered Accountants of India (‘ICAI’). These responsibilities include the design, implementation and
maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct
of the Company’s business, including adherence to the 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 reliable
financial information, as required under the Act.

51
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Auditor’s Responsibility for the Audit of the Internal Financial Controls with Reference to Financial Statements

3. Our responsibility is to express an opinion on the Company's internal financial controls with reference to financial statements
based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered
Accountants of India (‘ICAI’) prescribed under Section 143(10) of the Act, to the extent applicable to an audit of internal financial
controls with reference to financial statements, and the Guidance Note on Audit of Internal Financial Controls Over Financial
Reporting (‘the Guidance Note’) issued by the ICAI. 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 were established and maintained and if such controls operated effectively in all material
respects.

4. Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls with
reference to financial statements and their operating effectiveness. Our audit of internal financial controls with reference to
financial statements includes obtaining an understanding of such internal financial controls, assessing the risk that a material
weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed
risk. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement
of the financial statements, whether due to fraud or error.

5. 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 controls with reference to financial statements.

Meaning of Internal Financial Controls with Reference to Financial Statements

6. A company's internal financial controls with reference to financial statements is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles. A company's internal financial controls with reference to financial
statements include 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 authorisations
of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of
unauthorised acquisition, use, or disposition of the company's assets that could have a material effect on the financial
statements.

Inherent Limitations of Internal Financial Controls with Reference to Financial Statements

7. Because of the inherent limitations of internal financial controls with reference to financial statements, including the
possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and
not be detected. Also, projections of any evaluation of the internal financial 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.

Opinion

8. In our opinion, the Company has, in all material respects, adequate internal financial controls with reference to financial
statements and such controls were operating effectively as at 31 March 2020, based on the internal control over financial
reporting criteria established by the company considering the essential components of internal control stated in the Guidance
Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India.

For Walker Chandiok & Co LLP

Chartered Accountants

Firm’s Registration No.: 001076N/N500013

Arun Tandon

Partner

52
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Membership No.: 517273

UDIN:

Place: Gurugram

Date: 24 August 2020

[700700] Disclosures - Secretarial audit report

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019
to
31/03/2020
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No

53
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[110000] Balance sheet

Unless otherwise specified, all monetary values are in Lakhs of INR
31/03/2020 31/03/2019 31/03/2018
Balance sheet [Abstract]
Assets [Abstract]
Non-current assets [Abstract]
Property, plant and equipment (A) 1,18,847 (B) 95,023
Capital work-in-progress 8,213 4,403
Investment property 2,899 274
Goodwill 81,589 81,589
Other intangible assets 0 89
Non-current financial assets [Abstract]
Non-current investments 16 10,666
Trade receivables, non-current 9,061 0
Loans, non-current 2,057 1,362
Total non-current financial assets 11,134 12,028
Deferred tax assets (net) 14,235 0

Other non-current assets (C) 48,599 (D) 48,372

Total non-current assets 2,85,516 2,41,778
Current assets [Abstract]
Inventories 69,506 51,402
Current financial assets [Abstract]
Current investments 0 0
Trade receivables, current 27,025 44,512
Cash and cash equivalents 1,49,164 25,011
Bank balance other than cash and cash equivalents 2 2
Loans, current 1,103 1,856
Other current financial assets 0 290
Total current financial assets 1,77,294 71,671
Other current assets 10,057 14,009
Total current assets 2,56,857 1,37,082
Non-current assets classified as held for sale 6,758 1,59,160
Total assets 5,49,131 5,38,020
Equity and liabilities [Abstract]
Equity [Abstract]
Equity attributable to owners of parent [Abstract]
Equity share capital 3,69,498.6213 3,69,498.6213 3,69,498.6213
Other equity -1,039.62 -33,605.62
Total equity attributable to owners of parent 3,68,459 3,35,893
Non controlling interest 0 0
Total equity 3,68,459 3,35,893
Liabilities [Abstract]
Non-current liabilities [Abstract]
Non-current financial liabilities [Abstract]
Borrowings, non-current 0 0

Other non-current financial liabilities (E) 17,416 (F) 10,285

Total non-current financial liabilities 17,416 10,285
Provisions, non-current 12,482 9,406
Total non-current liabilities 29,898 19,691
Current liabilities [Abstract]
Current financial liabilities [Abstract]
Borrowings, current 0 0

Trade payables, current (G) 86,799 (H) 1,06,363

Other current financial liabilities (I) 10,631 (J) 4,031
Total current financial liabilities 97,430 1,10,394
Other current liabilities 5,688 10,661
Provisions, current 47,656 52,433

54
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total current liabilities 1,50,774 1,73,488

Liabilities directly associated with assets in disposal group
0 8,948
classified as held for sale
Total liabilities 1,80,672 2,02,127
Total equity and liabilities 5,49,131 5,38,020

Footnotes
(A)
Particulars 2019-20
Property, plant and equipment 91353
Right of use assets 27494

(B)
Particulars 2018-19
Property, plant and equipment 95023
Right of use assets 0

(C)
Particulars 2019-20
Other non-current assets 34800
Non-current tax assets (net) 13799

(D)
Particulars 2018-19
Other non-current assets 25914
Non-current tax assets (net) 22458

(E)
Particulars 2019-20
Lease liabilities 16909
Other financial liabilities 507

(F)
Particulars 2018-19
Lease liabilities 9897
Other financial liabilities 388

(G)
Particulars 2019-20
Trade payables- Total outstanding dues of micro and small enterprises 1839
Trade payables- Total outstanding dues of creditors other than micro and small enterprises 84960

(H)
Particulars 2018-19
Trade payables- Total outstanding dues of micro and small enterprises 3257
Trade payables- Total outstanding dues of creditors other than micro and small enterprises 103106

(I)
Particulars 2019-20
Lease liabilities 9224
Other financial liabilities 1407

(J)
Particulars 2018-19
Lease liabilities 3424
Other financial liabilities 607

55
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[210000] Statement of profit and loss

Earnings per share [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of equity share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Statement of profit and loss [Abstract]
Earnings per share [Abstract]
Earnings per share [Line items]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from
[INR/shares] 0.89 [INR/shares] 0.1 [INR/shares] 0.89 [INR/shares] 0.1
continuing operations
Total basic earnings (loss) per share [INR/shares] 0.89 [INR/shares] 0.1 [INR/shares] 0.89 [INR/shares] 0.1
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from
[INR/shares] 0.89 [INR/shares] 0.1 [INR/shares] 0.89 [INR/shares] 0.1
continuing operations
Total diluted earnings (loss) per share [INR/shares] 0.89 [INR/shares] 0.1 [INR/shares] 0.89 [INR/shares] 0.1

56
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Statement of profit and loss [Abstract]
Income [Abstract]
Revenue from operations 5,26,403 6,25,662
Other income 21,569 6,821
Total income 5,47,972 6,32,483
Expenses [Abstract]
Cost of materials consumed 2,36,353 2,79,387
Purchases of stock-in-trade 32,839 40,976
Changes in inventories of finished goods, work-in-progress and
228 1,169
stock-in-trade
Employee benefit expense 54,086 72,060
Finance costs 3,187 2,117
Depreciation, depletion and amortisation expense 19,002 33,527
Other expenses 1,77,584 1,98,999
Total expenses 5,23,279 6,28,235
Profit before exceptional items and tax 24,693 4,248
Exceptional items before tax 1,304 0
Total profit before tax 25,997 4,248
Tax expense [Abstract]
Current tax 8,969 690
Deferred tax -15,846 0
Total tax expense -6,877 690
Total profit (loss) for period from continuing operations 32,874 3,558
Total profit (loss) for period 32,874 3,558
Comprehensive income OCI components presented net of tax [Abstract]
Whether company has other comprehensive income OCI components
No No
presented net of tax
Other comprehensive income net of tax [Abstract]
Total other comprehensive income -1,719 -1,839
Total comprehensive income 31,155 1,719
Comprehensive income OCI components presented before tax [Abstract]
Whether company has comprehensive income OCI components presented
Yes Yes
before tax
Other comprehensive income before tax [Abstract]
Components of other comprehensive income that will not be
reclassified to profit or loss, before tax [Abstract]
Other comprehensive income, before tax, gains (losses) on
-2,642 -1,839
remeasurements of defined benefit plans
Other comprehensive income that will not be reclassified to
-2,642 -1,839
profit or loss, before tax
Total other comprehensive income, before tax -2,642 -1,839
Income tax relating to components of other comprehensive
income that will not be reclassified to profit or loss
[Abstract]
Income tax relating to remeasurements of defined benefit plans
(B) 0
of other comprehensive income (A) -923
Aggregated income tax relating to components of other
comprehensive income that will not be reclassified to -923 0
profit or loss
Total other comprehensive income -1,719 -1,839
Total comprehensive income 31,155 1,719
Earnings per share explanatory [TextBlock]
Earnings per share [Abstract]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations [INR/shares] 0.89 [INR/shares] 0.1
Total basic earnings (loss) per share [INR/shares] 0.89 [INR/shares] 0.1
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations [INR/shares] 0.89 [INR/shares] 0.1
Total diluted earnings (loss) per share [INR/shares] 0.89 [INR/shares] 0.1

57
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Income tax relating to above items 923

(B)
Particulars 2018-19
Income tax relating to above items 0

[400200] Statement of changes in equity

Statement of changes in equity [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Equity attributable
to the equity
Components of equity [Axis] Equity [Member]
holders of the
parent [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 32,874 3,558 32,874
Changes in comprehensive income components -1,719 -1,839 -1,719
Total comprehensive income 31,155 1,719 31,155
Other changes in equity [Abstract]
Other additions to reserves 2,399 2,862 2,399
Deductions to reserves [Abstract]
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
Other changes in equity, others -988 0 -988
Total other changes in equity 1,411 2,862 1,411
Total increase (decrease) in equity 32,566 4,581 32,566
Other equity at end of period -1,039.62 -33,605.62 -38,186.62 -1,039.62

58
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Statement of changes in equity [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Equity attributable to the equity holders Equity component of financial
Components of equity [Axis]
of the parent [Member] instrument [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 3,558 0 0
Changes in comprehensive income components -1,839
Total comprehensive income 1,719 0 0
Other changes in equity [Abstract]
Other additions to reserves 2,862
Deductions to reserves [Abstract]
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
Other changes in equity, others 0
Total other changes in equity 2,862 0
Total increase (decrease) in equity 4,581 0 0
Other equity at end of period -33,605.62 -38,186.62 0 0

Statement of changes in equity [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Equity component
of financial
Components of equity [Axis] Reserves [Member]
instrument
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 32,874 3,558
Changes in comprehensive income components -1,719 -1,839
Total comprehensive income 31,155 1,719
Other changes in equity [Abstract]
Other additions to reserves 2,399 2,862
Other changes in equity, others -988 0
Total other changes in equity 1,411 2,862
Total increase (decrease) in equity 32,566 4,581
Other equity at end of period 0 -1,040 -33,606 -38,187

59
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Statement of changes in equity [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Employee stock
Components of equity [Axis] Securities premium reserve [Member] options outstanding
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0 0
Total comprehensive income 0 0 0
Other changes in equity [Abstract]
Other additions to reserves (A) 2,399
Total other changes in equity 2,399
Total increase (decrease) in equity 0 0 2,399
Other equity at end of period 85,568 85,568 85,568 26,511

(A)
Particulars 2019-20
Employee share based payment expense for the year (refer note 41) 2399

Statement of changes in equity [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Employee stock options outstanding
Components of equity [Axis] General reserve [Member]
[Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0 0
Total comprehensive income 0 0 0
Other changes in equity [Abstract]
Other additions to reserves (A) 2,862 0 0
Total other changes in equity 2,862 0 0
Total increase (decrease) in equity 2,862 0 0
Other equity at end of period 24,112 21,250 6,017 6,017

(A)
Particulars 2018-19
Employee share based payment expense for the year (refer note 42) 2862

60
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Statement of changes in equity [Table] ..(6)

Unless otherwise specified, all monetary values are in Lakhs of INR
General reserve
Components of equity [Axis] Retained earnings [Member]
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 32,874 3,558
Changes in comprehensive income components -1,719 -1,839
Total comprehensive income 31,155 1,719
Other changes in equity [Abstract]
Other changes in equity, others -988 0
Total other changes in equity -988 0
Total increase (decrease) in equity 30,167 1,719
Other equity at end of period 6,017 -1,19,136 -1,49,303 -1,51,022

Statement of changes in equity [Table] ..(7)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other equity other
Components of equity [Axis] Other retained earning [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 32,874 3,558 0
Changes in comprehensive income components -1,719 -1,839
Total comprehensive income 31,155 1,719 0
Other changes in equity [Abstract]
Other changes in equity, others -988 0
Total other changes in equity -988 0
Total increase (decrease) in equity 30,167 1,719 0
Other equity at end of period -1,19,136 -1,49,303 -1,51,022 0.38
Refer to child
Description of nature of other equity, others member

Statement of changes in equity [Table] ..(8)

Unless otherwise specified, all monetary values are in Lakhs of INR
Components of equity [Axis] Other equity other [Member] Other equity other 1 [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0 0
Total comprehensive income 0 0 0
Total increase (decrease) in equity 0 0 0
Other equity at end of period 0.38 0.38 0.38 0.38
Description of nature of other equity, others Refer to child member others others

61
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Statement of changes in equity [Table] ..(9)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other equity other
Components of equity [Axis]
1 [Member]
31/03/2018
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Other equity at end of period 0.38

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019
to
31/03/2020
Textual information (35)
Disclosure of notes on changes in equity [TextBlock] [See below]

62
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (35)

Disclosure of notes on changes in equity [Text Block]

Statement of Changes in Equity for the year ended 31 March 2020

(All amounts stated in Rs. lakh, unless otherwise stated)

I) Equity share capital

Particulars Amounts

Balance as at 1 April 2018 3,69,499

Changes in equity share capital during the year

Balance as at 31 March 2019 3,69,499

Changes in equity share capital during the year

Balance as at 31 March 2020 3,69,499

II) Other equity

Equity settled share Securities General Retained

Particulars Total
based payments premium reserve earnings

Balance as at 1 April 2018 21,250 85,568 6,017 -1,51,022 -38,187

Profit for the year - - - 3,558 3,558

Employee share based payment expense for the year

2,862 - - - 2,862
(refer note 41)

Other comprehensive income for the year

- - # - -1,839 -1,839
(remeasurement of defined benefit obligations)

Balance as at 31 March 2019 24,112 85,568 6,017 -1,49,303 -33,606

Profit for the year - - - 32,874 32,874

Employee share based payment expense for the year

2,399 - - - 2,399
(refer note 41)

Adjustment from adoption of Ind AS 116 (Net of taxes)

- - - -988 -988
(refer note 43)

63
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Other comprehensive income for the year

- - # - -1,719 -1,719
(remeasurement of defined benefit obligations)

Balance as at 31 March 2020 26,511 85,568 6,017 -1,19,136 -1,040

(All amounts stated in Rs. lakh, unless otherwise stated)

Note 18: Other equity

Particulars As at As at

31-Mar-20 31-Mar-19

(a) Securities premium 85,568 85,568

(b) Equity settled share based payments 26,511 24,112

(c) General reserve 6,017 6,017

(d) Retained earnings -1,19,136 -1,49,303

-1,040 -33,606

Notes : Nature and purpose of reserve

(a) Securities premium

The amount received in excess of face value of the equity shares is recognised in securities premium

(b) Equity settled share based payments

Certain employees of the Company are entitled to participate in the Long-Term Incentive Program (‘the Program’) of PepsiCo
Inc., the ultimate parent Company, whereby employees are granted Restricted Stock Units (shares) and/or stock options to
purchase shares of PepsiCo Inc. The fair value of the shares and stock options as at the grant date is recognised as
‘Employee share based payment expense' over the vesting period with a corresponding credit to ‘Equity settled share based
payments’. The Company has no obligation towards PepsiCo Inc. in respect to the program (refer note 41).

(c) General reserve

General reserve is a free reserve which represents the balance of stock options expired unexercised after the vesting period
and equity component of external commercial borrowing.

(d) Retained earnings

Retained earnings are the losses that the Company has incurred till date, less any transfers to general reserve, dividends or
other distributions paid to shareholders.

64
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[320000] Cash flow statement, indirect

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before tax 25,997 4,248
Adjustments for reconcile profit (loss) [Abstract]
Adjustments for finance costs 3,187 2,117

Adjustments for decrease (increase) in inventories (A) -18,103 (B) -4,907

Adjustments for decrease (increase) in trade receivables, current (C) 6,526 (D) 9,271
Adjustments for decrease (increase) in other current assets (E) 10,708 (F) -11,596
Adjustments for other financial assets, current (G) 291 (H) 815
Adjustments for increase (decrease) in trade payables, current (I) -17,481 (J) -2,609
Adjustments for increase (decrease) in other current liabilities (K) -16,373 (L) 18,395
Adjustments for depreciation and amortisation expense 19,002 33,527
Adjustments for impairment loss reversal of impairment loss
(N) 0
recognised in profit or loss (M) 7,750

Adjustments for provisions, current (O) 1,412 (P) 3,822

Adjustments for provisions, non-current (Q) -5,938 (R) 6,458
Adjustments for interest income (S) 16,946 (T) 2,497
Other adjustments for which cash effects are investing or financing
cash flow (U) -7,044 (V) 977

Other adjustments to reconcile profit (loss) (W) 2,399 (X) 2,863

Other adjustments for non-cash items (Y) -2,047 (Z) -3,547
Total adjustments for reconcile profit (loss) -32,657 53,089
Net cash flows from (used in) operations -6,660 57,337

Income taxes paid (refund) (AA) -9,602 (AB) 7,111

Net cash flows from (used in) operating activities 2,942 50,226
Cash flows from used in investing activities [Abstract]
Proceeds from sales of property, plant and equipment (AC) 1,198 (AD) 1,475
Purchase of property, plant and equipment (AE) 37,250 (AF) 30,762
Interest received 10,098 1,220

Other inflows (outflows) of cash (AG) 1,59,300 (AH) 0

Net cash flows from (used in) investing activities 1,33,346 -28,067
Cash flows from used in financing activities [Abstract]
Repayments of borrowings (AI) 0 (AJ) 10,000
Payments of lease liabilities (AK) 12,109 (AL) 3,897
Interest paid (AM) 26 (AN) 42
Net cash flows from (used in) financing activities -12,135 -13,939
Net increase (decrease) in cash and cash equivalents before effect of
1,24,153 8,220
exchange rate changes
Net increase (decrease) in cash and cash equivalents 1,24,153 8,220
Cash and cash equivalents cash flow statement at end of period 1,49,164 25,011 16,791

65
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Allowance for inventory loss/inventory written off 5173
Movement in inventories -23276

(B)
Particulars 2018-19
Allowance for inventory loss/inventory written off 5496
Movement in inventories -10403

(C)
Particulars 2019-20
Movement in trade receivables and loans 6526

(D)
Particulars 2018-19
Movement in trade receivables and loans 9271

(E)
Particulars 2019-20
Movement in other assets 10708

(F)
Particulars 2018-19
Movement in other assets -11596

(G)
Particulars 2019-20
Movement in other financial assets 291

(H)
Particulars 2018-19
Movement in other financial assets 815

(I)
Particulars 2019-20
Movement in trade payables and other financial liabilties -17481

(J)
Particulars 2018-19
Movement in trade payables and other financial liabilties -2609

(K)
Particulars 2019-20
Movement in other liabilities -16373

(L)
Particulars 2018-19
Movement in other liabilities 18395

(M)
Particulars 2019-20
Impairment loss on Non Current Investments 7750

(N)

66
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Particulars 2018-19
Impairment loss on Non Current Investments 0

(O)
Particulars 2019-20
Provisions for contingencies 1412

(P)
Particulars 2018-19
Provisions for contingencies 3822

(Q)
Particulars 2019-20
Movement in provisions -5938

(R)
Particulars 2018-19
Movement in provisions 6458

(S)
Particulars 2019-20
Interest income -16946

(T)
Particulars 2018-19
Interest income -2497

(U)
Particulars 2019-20
Gain from sale of beverage business of south-west territory -9054
Loss on disposal of property, plant and equipment 1161
Gain on sale of Investment property -1110
Loss allowance on trade receivables 1959

(V)
Particulars 2018-19
Gain from sale of beverage business of south-west territory 0
Loss on disposal of property, plant and equipment 442
Gain on sale of Investment property 0
Loss allowance on trade receivables 535

(W)
Particulars 2019-20
Employee stock option expense 2399
0

(X)
Particulars 2018-19
Employee stock option expense 2862
1

(Y)
Particulars 2019-20
Liabilities no longer required written back -2047

(Z)

67
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Particulars 2018-19
Liabilities no longer required written back -3547

(AA)
Particulars 2019-20
Income taxes paid (net) 9602

(AB)
Particulars 2018-19
Income taxes paid (net) -7111

(AC)
Particulars 2019-20
Proceeds from sale of property, plant and equipment 47
Sale of investments property 1151

(AD)
Particulars 2018-19
Proceeds from sale of property, plant and equipment 1475
Sale of investments property 0

(AE)
Particulars 2019-20
Acquisition of property, plant and equipment -37250

(AF)
Particulars 2018-19
Acquisition of property, plant and equipment -30762

(AG)
Particulars 2019-20
Proceeds from sale of beverage business 159300

(AH)
Particulars 2018-19
Proceeds from sale of beverage business 0

(AI)
Particulars 2019-20
Repayment of Short term borrowings from banks 0

(AJ)
Particulars 2018-19
Repayment of Short term borrowings from banks -10000

(AK)
Particulars 2019-20
Repayment of lease liabilities (refer note 33) -12109

(AL)
Particulars 2018-19
Repayment of lease liabilities (refer note 33) -3897

(AM)
Particulars 2019-20
Interest paid -26

68
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

(AN)
Particulars 2018-19
Interest paid -42

[610100] Notes - List of accounting policies

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019
to
31/03/2020
Textual information (36)
Disclosure of significant accounting policies [TextBlock] [See below]

69
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (36)

Disclosure of significant accounting policies [Text Block]

2. Basis of preparation, measurement and significant accounting policies

(i) Basis of preparation and Statement of compliance

The financial statements have been prepared in accordance with Indian Accounting Standards (Ind AS) as per the Companies
(Indian Accounting Standards) Rules, 2015 notified under Section 133 of Companies Act, 2013, (the ‘Act’) and other relevant
provisions of the Act.

The financial statements were authorized for issue by the Company’s Board of Directors on 24 August 2020.

(ii) Recent Accounting Pronouncements

Ministry of Corporate Affairs (‘MCA’) notifies new standard or amendments to the existing standards. There is no such notification
that would have been applicable from 1 April 2020.

(iii) Historical cost convention

The financial statements have been prepared on a historical cost basis, except the following:

· Certain financial assets and liabilities (including derivative instruments) and contingent consideration is measured at fair
value;

· Assets held for sale – measured at fair value less cost to sell;

· Net defined benefit liability – present value of defined benefits plan assets measured at fair value; and

· Share based payments

(iv) Functional and presentation currency

These financial statements are presented in Indian rupees (Rs.) which is also the Company’s functional currency. All amounts
have been rounded-off to the nearest lakh as per the requirements of Schedule III of the Act, unless otherwise indicated.

(v) Use of estimates and judgements

In preparing these financial statements, management has made judgements, estimates and assumptions that affect the
application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ
from these estimates.

70
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised
prospectively.

Judgements

Information about judgements made in applying accounting policies that have the most significant effects on the amounts
recognised in the financial statements is included in the following notes:

Note 43 – leases: whether an arrangement contains a lease;

Assumptions and estimation uncertainties

The Company based its assumptions and estimates on parameters available when the financial statements were prepared.
Existing circumstances and assumptions about future developments, however, may change due to market changes or
circumstances arising that are beyond the control of the Company. Such changes are reflected in the assumptions when they
occur.

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a
significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are
described below.

· Measurement of defined benefit obligations

· Impairment of financial assets

· Estimated fair value of unlisted securities

· Estimated goodwill impairment

· Measurement of share based payment

· Reasonability of deferred tax assets on carried forward tax losses/ unabsorbed depreciation

· Estimation of useful lives of property, plant and equipment and intangible assets

(vi) Measurement of fair values

A few of Company’s accounting policies and disclosures requires the measurement of fair values, for both financial assets and
non-financial assets and liabilities.

The Company has an established control framework with respect to the measurement of fair values. This includes an in-house
team that has overall responsibility for overseeing all significant fair value measurements, including Level 3 fair values, and
reports directly to the finance controller.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between
market participants at the measurement date, regardless of whether that price is directly observable or estimated using another
valuation technique. In estimating the fair value of an asset or a liability, the Company takes into account the characteristics of
the asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the
measurement date. Fair value for measurement and/or disclosure purposes in these financial statements is determined on such
a basis, except for share-based payment transactions that are within the scope of Ind AS 102, leasing transactions that are within
the scope of Ind AS 17, and measurements that have some similarities to fair value but are not fair value, such as net realizable
value in Ind AS 2 or value in use in Ind AS 36 or present value of defined benefit obligation in Ind AS 19.

71
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

In addition, for financial reporting purposes, fair value measurements are categorized into Level 1, 2, or 3 based on the degree to
which the inputs to the fair value measurements are observable and the significance of the inputs to the fair value measurement
in its entirety, which are described as follows:

Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the
•
measurement date;

Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset or liability, either
•
directly or indirectly; and

• Level 3 inputs are unobservable inputs for the asset or liability.

When measuring the fair value of an asset or a liability, the Company uses observable market data as far as possible. If the
inputs used to measure the fair value of an asset or a liability fall into different levels of the fair value hierarchy, then the fair value
measurement is categorised in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant
to the entire measurement. The Company recognises transfers between levels of the fair value hierarchy at the end of the
reporting period during which the change has occurred.

(vii) Significant accounting polices

1. Operating segments

Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating Decision
Maker (CODM). The CODM is considered to be the Board of Directors who makes strategic decisions and is responsible for
allocating resources and assessing performance of the operating segments.

2. Property, plant and equipment

a) Recognition and measurement:

Items of property, plant and equipment are measured at cost, less accumulated depreciation and impairment losses, if any.

Freehold land is carried at historical cost. All other items of property, plant and equipment are measured at cost, less
accumulated depreciation and accumulated impairment losses, if any.

Historical cost of an item of property, plant and equipment comprises its purchase price, including import duties and
non-refundable purchase taxes, after deducting trade discounts and rebates, any directly attributable cost of bringing the item to
its working condition for its intended use and estimated costs of dismantling and removing the item and restoring the site on
which it is located.

Items such as spare parts, stand-by equipment and servicing equipment are capitalised when they meet the definition of
property, plant and equipment.

If significant parts of an item of property, plant and equipment have different useful lives, then they are accounted for as separate
items (major components) of property, plant and equipment.

Any gain or loss on disposal of an item of property, plant and equipment is recognised in the statement of profit and loss.

b) Subsequent expenditure:

72
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is
probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be
measured reliably. The carrying amount of any component accounted for as a separate asset is derecognized when replaced. All
other repairs and maintenance are charged to the statement of profit and loss during the reporting period in which they are
incurred.

c) Depreciation:

Depreciation is provided on the straight line method over the useful lives of assets estimated by the management which, except
for the following assets, are equal to the useful lives prescribed under Schedule II of the Companies Act, 2013.

Items Estimated useful life

Property,
plant and 15 years
equipment

Bottles and
4 years and 6 years respectively
cases

The management also adjusts gross block and accumulated depreciation of bottles and cases on account of plant
and market breakages on a First in First Out (‘FIFO’) basis, due to homogenous nature of the assets, at the end of
the respective estimated useful life of these assets.

Ice chests 2 years

Pushcarts
2 years and 3 years respectively
and kiosks

Vehicles
include 4 years
motor cars

Pallets Fully depreciated in the month of purchase except metal pallets which are depreciated over ten years

Fleet
8 years
vehicles

Visi coolers 7 years

PMX
8 years
machines

Other
market 3 years
equipments

Insurance
5 years
spares

For above class of assets, the management based on internal technical evaluation, has determined that the useful lives as given

73
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

above represent the period over which management expects to use these assets based on different shifts under which the
Company is working on. Hence, the useful lives for these assets is different from the useful lives as prescribed under Part C of
Schedule II of the Companies Act, 2013.

Items of property, plant and equipment individually costing below Rs. 5,000 are depreciated fully in the year of purchase.

Loss arising from retirement or gains or losses arising from disposal of property, plant and equipment which are carried at cost
recognized in the Statement of Profit and Loss. Depreciation on additions (disposals) is provided on a pro-rata basis i.e. from
(upto) the date on which asset is ready for use (disposed of).

Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives unless it is
reasonably certain that the Company will obtain ownership by the end of the lease term.

Depreciation method and useful lives are reviewed annually. If the useful life of an asset is estimated to be significantly different
from previous estimates, the depreciation period is changed accordingly. If there has been a significant change in the expected
pattern of economic benefits from the asset, the depreciation method is changed to reflect the changed pattern.

d) Capital work in progress

Capital work in progress includes property, plant and equipment under construction and property, plant and equipment pending
installation.

e) Reclassification to investment property

When the use of a property changes from owner-occupied to investment property, the property is reclassified as investment
property at its carrying amount on the date of reclassification.

3. Investment property

Investment property is property held either to earn rental income or for capital appreciation or for both, but not for sale in the
ordinary course of business, use in the production or supply of goods or services or for administrative purposes. Upon initial
recognition, an investment property is measured at cost including related transaction costs and where applicable, borrowing
costs. Subsequent expenditure is capitalized to the asset’s carrying amount only when it is probable that future economic
benefits associated with the expenditure will flow to the Company and the cost of the item can be measured reliably. All other
repairs and maintenance costs are expensed when incurred. When part of an investment property is replaced, the carrying
amount of the replaced part is derecognized.

Any gain or loss on disposal of an investment property is recognised in statement of profit and loss.

Investment properties are depreciated using the straight-line method over the useful lives as mentioned in Part C of Schedule II
of the Act.

The fair values of investment property is disclosed in the notes. Fair value is determined by an independent valuer who holds a
recognised and relevant professional qualification.

4. Intangible assets

a) Goodwill

74
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Goodwill that arises on an amalgamation or on the acquisition of a business is presented as intangible assets.

Subsequent expenditure is capitalized only when it increases the future economic benefits from the specific asset to which it
relates.

Goodwill is not amortised but are tested for impairment annually or more frequently, if events or changes in circumstances
indicate that it might be impaired. Goodwill is carried at cost less accumulated impairment losses.

b) Other intangible assets

Intangible assets that are acquired by the company are measured initially at cost. After initial recognition, an intangible asset is
carried at its cost less any accumulated amortisation and any accumulated impairment loss.

c) Subsequent expenditure

Subsequent expenditure is capitalised only when it increases the future economic benefits embodied in the specific asset to
which it relates. All other expenditure, including expenditure on internally generated goodwill and brands, is recognised in
statement of profit and loss as incurred.

d) Amortisation

Goodwill is not amortised and is tested for impairment annually.

Amortisation is calculated to write off the cost of intangible assets less their estimated residual values over their estimated useful
lives using the straight-line method, and is included in depreciation and amortisation in Statement of Profit and Loss.

The estimated useful life of other intangible assets as follows-

- Computer software 5 years

Amortisation method, useful lives and residual values are reviewed at the end of each financial year and adjusted if appropriate.

5. Investments in Subsidiaries, Associates and Joint Venture

Investments in subsidiaries, associates and joint venture are carried at cost less accumulated impairment losses, if any. Where
an indication of impairment exists, the carrying amount of the investment is assessed and written down immediately to its
recoverable amount. On disposal of investments in subsidiaries, associates and joint venture, the difference between net
disposal proceeds and the carrying amounts are recognized in the Statement of Profit and Loss.

6. Impairment

75
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

a) Impairment of non-financial assets

The company’s non-financial assets other than inventories, are reviewed for impairment at each reporting date or whenever
events or changes in circumstances indicate that the carrying amount may not be recoverable. If any such indication exists, then
the asset’s recoverable amount is estimated. Goodwill is tested annually for impairment.

For impairment testing, assets that do not generate independent cash inflows are grouped together into cash-generating units
(CGUs). Each CGU represents the smallest group of assets that generates cash inflows that are largely independent of the cash
inflows of other assets or CGUs.

The recoverable amount of a CGUs (or individual asset) is higher of fair value less costs of disposal and value in use. Value in
use is based on the estimated future cash flows, discounted to their present value using a pre-tax discount rate that reflects
current market assessments of the time value of money and the risks specific to the CGU (or the asset)

The Company’s corporate assets do not generate independent cash inflows. To determine impairment of a corporate asset,
recoverable amount is determined for the CGUs to which the corporate asset belongs.

An impairment loss is recognised for the amount by which the CGUs (or asset’s) carrying amount exceeds its recoverable
amount. Impairment losses are recognised in the statement of profit and loss. Impairment loss recognised in respect of a CGU is
allocated first to reduce the carrying amount of any goodwill allocated to the CGU, and then to reduce the carrying amounts of
other assets of the CGU on a pro rata basis.

An impairment loss in respect of goodwill is not subsequently reversed. In respect of other assets for which impairment loss has
been recognised in prior periods, the company reviews at each reporting date whether there is any indication that the loss has
decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the
recoverable amount. Such a reversal is made only to the extent that the asset’s carrying amount does not exceed the carrying
amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognised.

b) Impairment of financial instruments

The Company recognises loss allowances for expected credit losses on:

- financial assets measured at amortised cost

At each reporting date, the Company assesses whether financial assets carried at amortised cost and are credit impaired. A
financial asset is ‘credit impaired’ when one or more events that have a detrimental impact on the estimated future cash flows of
the financial asset have occurred.

Evidence that a financial asset is credit impaired includes the following observable data:

- significant financial difficulty of the borrower or issuer;

- a breach of contract such as a default or being past due for 90 days or more;

- the restructuring of a loan or advance by the Company on terms that the Company would not consider otherwise;

- it is probable that the borrower will enter bankruptcy or other financial reorganisation; or

the disappearance of an active market for a security because of financial difficulties.

76
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

The Company measures loss allowances at an amount equal to lifetime expected credit losses, except for the following, which
are measured as 12 month expected credit losses:

bank balances for which credit risk (i.e. the risk of default occurring over the expected life of the financial instrument) has not
increased significantly since initial recognition.

Loss allowances for trade receivables are always measured at an amount equal to lifetime expected credit losses.

Lifetime expected credit losses are the expected credit losses that result from all possible default events over the expected life of
a financial instrument.

12-month expected credit losses are the portion of expected credit losses that result from default events that are possible within
12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months).

In all cases, the maximum period considered when estimating expected credit losses is the maximum contractual period over
which the Company is exposed to credit risk.

c) Measurement of expected credit losses

Expected credit losses are a probability weighted estimate of credit losses. Credit losses are measured as the present value of
all cash shortfalls (i.e. the difference between the cash flows due to the Company in accordance with the contract and the cash
flows that the Company expects to receive).

d) Presentation of allowance for expected credit losses in the balance sheet

Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets.

e) Write-off

The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic
prospect of recovery. This is generally the case when the Company determines that the debtor does not have assets or sources
of income that could generate sufficient cash flows to repay the amounts subject to the write off. However, financial assets that
are written off could still be subject to enforcement activities in order to comply with the Company’s procedures for recovery of
amounts due.

7. Non-current assets held for sale

Non-current assets, comprising assets and liabilities are classified as held for sale if it is highly probable that they will be
recovered primarily through sale rather than through continuing use.

77
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Such assets, are generally measured at the lower of their carrying amount and fair value less costs to sell except for assets such
as deferred tax assets, assets arising from employee benefits, financial assets, which are specifically exempt from this
requirement. Losses on initial classification as held for sale and subsequent gains and losses on re-measurement are recognised
in statement of profit and loss.

Once classified as held-for-sale, intangible assets, property, plant and equipment and investment properties are no longer
amortised or depreciated.

8. Inventories

Inventories which comprise raw materials, packing materials, work-in-progress, finished goods and stock in trade are carried at
the lower of weighted average cost and net realizable value. Stores and spare parts are valued at cost.

Cost of inventories includes all costs incurred in bringing the inventories to their present location and condition. In determining
cost of work in progress and manufactured inventories, fixed production overheads are allocated on the basis of normal capacity
of production facilities.

Potato seeds stocks are held for production of chip grade potato which is used as a raw material for production of potato chips.
Potato seed stocks are valued at cost.

Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and
the estimated costs necessary to make the sale.

The net realisable value of work-in-progress is determined with reference to the selling prices of related finished products. Raw
materials and other supplies held for use in the production of finished products are not written down below cost except in cases
where material prices have declined and it is estimated that the cost of the finished products will exceed their net realizable
value.

The comparison of cost and net realizable value is made on an item-by-item basis. Appropriate adjustments are made to the
carrying value of damaged, slow moving and obsolete inventories based on management's current best estimate.

9. Revenue

The Effective 1 April 2018, the Company has applied Ind AS 115: Revenue from Contracts with Customers which establishes a
comprehensive framework for determining whether, how much and when revenue is to be recognised. Ind AS 115 replaces Ind
AS 18 Revenue. The impact of the adoption of the standard on the financial statements of the Company is insignificant. Revenue
is measured based on the consideration specified in a contract with a customer and excludes amounts collected on behalf of
third parties, if any. The Company recognizes revenue when it transfers control over a product or service to a customer.

To determine whether to recognize revenue, the Company follows a 5-step process:

• Identifying the contract with a customer

78
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

• Identifying the performance obligations

• Determining the transaction price

• Allocating the transaction price to the performance obligations

• Recognising revenue when/as performance obligation(s) are satisfied.

a) Sale of goods:

Revenue from the sale of goods in the course of ordinary activities is measured at the fair value of the consideration received or
receivable are inclusive of excise duty, net of returns, trade discounts, volume rebates and goods and service tax (GST). This
inter alia involves discounting of the consideration due to the present value if payment extends beyond normal credit terms.
Revenue is recognised when the significant risks and rewards of ownership have been transferred to the buyer, recovery of the
consideration is probable, the associated costs and possible return of goods can be estimated reliably, there is no continuing
effective control over, or managerial involvement with, the goods, and the amount of revenue can be measured reliably. The
timing of transfers of risks and rewards varies depending on the individual terms of sale.

b) Rendering of services:

Revenue from services is recognised in the accounting period in which the services are rendered on the basis of service
agreements entered between the Company and its group companies.

c) Interest income:

Interest income or expense is recognised using the effective interest method.

The ‘effective interest rate’ is the rate that exactly discounts estimated future cash payments or receipts through the expected life
of the financial instrument to:

- the gross carrying amount of the financial asset; or

- the amortised cost of the financial liability.

d) Royalty:

Royalty income is recognised on the terms of the underlying agreement.

10. Employee benefits

a) Short term employee benefits

79
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

All employee benefits payable wholly within twelve months of receiving employee services are classified as short-term employee
benefits. These benefits include salaries and wages, bonus and ex-gratia. The undiscounted amount of short-term employee
benefits to be paid in exchange for employee services is recognised as an expense as the related service is rendered by
employees. Further, the liabilities are presented as provisions for employee benefits under current provisions in the balance
sheet.

b) Defined contribution plan

A defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate
company and will have no legal or constructive obligation to pay further amounts. These contributions are recognised as
employee benefits expenses and charged to the statement of profit and loss as and when they become payable.

c) Defined benefit plan

A defined benefit plan is a post-employment benefit plan other than a defined contribution plan. The Company’s net obligation in
respect of defined benefit plans is calculated separately for each plan by estimating the amount of future benefit that employees
have earned in the current and prior periods, discounting that amount and deducting the fair value of any plan assets.

In respect of certain employees (other than those covered under defined contribution plan) the Company makes specified
monthly contribution towards employee provident fund to provident fund trust administered by the Company. The minimum
interest payable by the provident fund trust to the beneficiaries every year is notified by the Government. The Company has an
obligation to make good the shortfall, if any, between the return on investment of the trust and notified interest rate. This is in the
nature of defined benefit plan.

The calculation of defined benefit obligation is performed annually by a qualified actuary using the projected unit credit method.
When the calculation results in a potential asset for the Company, the recognised asset is limited to the present value of
economic benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan (‘the
asset ceiling’). In order to calculate the present value of economic benefits, consideration is given to any minimum funding
requirements.

Remeasurements of the net defined benefit liability, which comprise actuarial gains and losses, are recognised in other
comprehensive income. The Company determines the net interest expense (income) on the net defined benefit liability (asset) for
the period by applying the discount rate used to measure the defined benefit obligation at the beginning of the annual period to
the then-net defined benefit liability (asset), taking into account any changes in the net defined benefit liability (asset) during the
period as a result of contributions and benefit payments. Net interest expense and other expenses related to defined benefit
plans are recognised in statement of profit and loss.

When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service
(‘past service cost’ or ‘past service gain’) or the gain or loss on curtailment is recognised immediately in statement of profit and
loss. The Company recognises gains and losses on the settlement of a defined benefit plan when the settlement occurs.

d) Other long-term employee benefits

80
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

The Company’s net obligation in respect of long-term employee benefits other than post-employment benefits is the amount of
future benefit that employees have earned in return for their service in the current and prior periods; that benefit is discounted to
determine its present value, and the fair value of any related assets is deducted. The obligation is measured on the basis of an
annual independent actuarial valuation using the projected unit credit method. Re-measurements gain or losses are recognised
in statement of profit and loss in the period in which they arise.

e) Share based payment

Certain employees of the Company are entitled to participate in the Long Term Incentive Program (‘the program’) of PepsiCo
Inc., the ultimate parent company, whereby employees are granted Restricted Stock Units (shares) and/or Stock options to
purchase shares of PepsiCo Inc. The fair value of the shares and stock options as at the grant date is recognized as Employee
Stock Compensation Cost over the period during which an employee is required to provide service in exchange of the shares
and stock options (vesting period) with a corresponding credit to Stock Options Outstanding Account.

Estimating the number of share or share options that are expected to vest requires judgement based upon management’s best
estimate. 100% of the expense is recognized for all shares and stock options that ultimately vest. In a situation where the stock
option expires unexercised after the vesting period, the balance standing to the credit of the Stock Options Outstanding Account
is transferred to general reserve.

The fair value of stock options granted is determined at the grant date using valuation techniques consistent with the generally
accepted valuation methodologies for pricing financial instruments and quoted markets value of the share on the grant date is
considered as fair value for share.

11. Leases

a) Transition

Effective 1 April 2019, the Company adopted Ind AS 116 “Leases” and applied the standard to all lease contracts existing on 1
April 2019 using the modified retrospective method and elected to measure the right-of-use assets at an amount equal to the
lease liability adjusted for any prepaid or accrued lease payments that existed at the date of transition. Consequently, the
Company recorded the lease liability at the present value of the lease payments discounted at the incremental borrowing rate at
the date of initial application and the right of use asset at its carrying amount as if the standard had been applied since the
commencement date of the lease. Accordingly, Company has taken the cumulative adjustment to retained earnings, on the date
of initial application (1 April 2019). Comparatives as at and for the year ended 31 March 2019 have not been retrospectively
adjusted and therefore will continue to be reported under the accounting policies included as part of our Annual Report for year
ended 31 March 2019.

Refer note 43 for details on transition.

b) The Company as a lessee

81
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

The Company’s lease asset classes primarily consist of property leases and copacker leases. The Company assesses whether a
contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control
the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right
to control the use of an identified asset, the Company assesses whether: (i) the contract involves the use of an identified asset
(ii) the Company has substantially all of the economic benefits from use of the asset through the period of the lease and (iii) the
Company has the right to direct the use of the asset.

At the date of commencement of the lease, the Company recognizes a right-of-use asset (“ROU”) and a corresponding lease
liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term
leases) and low value leases. For these short-term and low value leases, the Company recognizes the lease payments as an
operating expense on a straight-line basis over the term of the lease.

Certain lease arrangements include the options to extend or terminate the lease before the end of the lease term. ROU assets
and lease liabilities includes these options when it is reasonably certain that they will be exercised.

The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any
lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives.
They are subsequently measured at cost less accumulated depreciation and impairment losses.

Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and
useful life of the underlying asset.

The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments
are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates.
Lease liabilities are re-measured with a corresponding adjustment to the related right of use asset if the Company changes its
assessment if whether it will exercise an extension or a termination option.

12. Foreign currency transactions

Transactions in foreign currencies are translated into the functional currency at the exchange rates at the dates of the
transactions or an average rate if the average rate approximates the actual rate at the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rate
at the reporting date. Non-monetary assets and liabilities that are measured at fair value in a foreign currency are translated into
the functional currency at the exchange rate when the fair value was determined. Non-monetary assets and liabilities that are
measured based on historical cost in a foreign currency are translated at the exchange rate at the date of the transaction.
Exchange differences are recognised in the statement of profit and loss.

13. Income tax

82
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Income tax comprises current and deferred tax. It is recognised in profit and loss except to the extent that it relates to an item
directly in equity or other comprehensive income.

a) Current tax

Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any adjustment to
the tax payable or receivable in respect of previous years. The amount of current tax reflects the best estimate of the tax amount
expected to be paid or received after considering the uncertainty, if any, related to income taxes. It is measured using tax rates
(and tax laws) enacted or substantively enacted by the reporting date.

Current tax assets and current tax liabilities are offset only if there is a legally enforceable right to set off the recognised amounts,
and it is intended to realise the asset and settle the liability on a net basis or simultaneously.

b) Deferred tax

Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial
reporting purposes and the corresponding amounts used for taxation purposes. Deferred tax is also recognised in respect of
carried forward tax losses and tax credits. Deferred tax is not recognised for:

- temporary differences arising on the initial recognition of assets or liabilities in a transaction that is not a business
combination and that affects neither accounting nor taxable profit or loss at the time of the transaction;

- taxable temporary differences arising on the initial recognition of goodwill.

Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which they
can be used. The existence of unused tax losses is strong evidence that future taxable profit may not be available. Therefore, in
case of a history of recent losses, the Company recognises a deferred tax asset only to the extent that it has sufficient taxable
temporary differences or there is convincing other evidence that sufficient taxable profit will be available against which such
deferred tax asset can be realised.

Deferred tax is measured at the tax rates that are expected to apply to the period when the asset is realised or the liability is
settled, based on the laws that have been enacted or substantively enacted by the reporting date.

The measurement of deferred tax reflects the tax consequences that would follow from the manner in which the Company
expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities.

Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and
they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they
intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realised simultaneously.

83
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

14. Financial instruments

a) Recognition and initial measurement

Trade receivables issued are initially recognised when they are originated. All other financial assets and financial liabilities are
initially recognised when the Company becomes a party to the contractual provisions of the instrument.

A financial asset or financial liability is initially measured at fair value plus, for an item not at fair value through profit and loss
(FVTPL), transaction costs that are directly attributable to its acquisition or issue.

b) Classification and subsequent measurement

i. Financial assets

On initial recognition, a financial asset is classified as measured at

- amortised cost;

- Fair value through other comprehensive income (FVOCI) – debt investment;

- Fair value through other comprehensive income (FVOCI) – equity investment; or

- Fair value through profit and loss (FVTPL)

Financial assets are not reclassified subsequent to their initial recognition, except if and in the period the Company changes its
business model for managing financial assets.

A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL:

- the asset is held within a business model whose objective is to hold assets to collect contractual cash flows; and

- the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal
and interest on the principal amount outstanding.

A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL:

- the asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling

84
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

financial assets; and

- the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal
and interest on the principal amount outstanding.

All financial assets not classified as measured at amortised cost or FVOCI as described above are measured at FVTPL. This
includes all derivative financial assets. On initial recognition, the Company may irrevocably designate a financial asset that
otherwise meets the requirements to be measured at amortised cost or at FVOCI as at FVTPL if doing so eliminates or
significantly reduces an accounting mismatch that would otherwise arise.

ii. Financial assets: Business model assessment

The Company makes an assessment of the objective of the business model in which a financial asset is held at a portfolio level
because this best reflects the way the business is managed and information is provided to management. The information
considered includes:

- the stated policies and objectives for the portfolio and the operation of those policies in practice. These include whether
management’s strategy focuses on earning contractual interest income, maintaining a particular interest rate profile, matching the
duration of the financial assets to the duration of any related liabilities or expected cash outflows or realising cash flows through
the sale of the assets;

- how the performance of the portfolio is evaluated and reported to the Company’s management;

- the risks that affect the performance of the business model (and the financial assets held within that business model) and
how those risks are managed;

- how managers of the business are compensated – e.g. whether compensation is based on the fair value of the assets
managed or the contractual cash flows collected; and

- the frequency, volume and timing of sales of financial assets in prior periods, the reasons for such sales and expectations
about future sales activity.

iii. Financial assets: Assessment whether contractual cash flows are solely payments of principal and interest

For the purposes of this assessment, ‘principal’ is defined as the fair value of the financial asset on initial recognition. ‘Interest’ is
defined as consideration for the time value of money and for the credit risk associated with the principal amount outstanding
during a particular period of time and for other basic lending risks and costs (e.g. liquidity risk and administrative costs), as well
as a profit margin.

85
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

In assessing whether the contractual cash flows are solely payments of principal and interest, the Company considers the
contractual terms of the instrument. This includes assessing whether the financial asset contains a contractual term that could
change the timing or amount of contractual cash flows such that it would not meet this condition. In making this assessment, the
Company considers:

- contingent events that would change the amount or timing of cash flows;

- terms that may adjust the contractual coupon rate, including variable interest rate features;

- prepayment and extension features; and

- terms that limit the Company’s claim to cash flows from specified assets (e.g. non recourse features).

iv. Financial assets:

Subsequent
measurement and
gains and losses

Financial assets at These assets are subsequently measured at fair value. Net gains and losses, including any interest or
FVTPL dividend income, are recognised in statement of profit and loss.

These assets are subsequently measured at amortised cost using the effective interest method. The
Financial assets at amortised cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and
amortised cost impairment are recognised in statement of profit and loss. Any gain or loss on derecognition is recognised
in statement of profit and loss.

These assets are subsequently measured at fair value. Interest income under the effective interest method,
Debt investments at foreign exchange gains and losses and impairment are recognised in statement of profit and loss. Other net
FVOCI gains and losses are recognised in OCI. On derecognition, gains and losses accumulated in OCI are
reclassified to statement of profit and loss.

These assets are subsequently measured at fair value. Dividends are recognised as income in statement of
Equity investments
profit and loss unless the dividend clearly represents a recovery of part of the cost of the investment. Other
at FVOCI
net gains and losses are recognised in OCI and are not reclassified to statement of profit and loss.

v. Financial liabilities: Classification, subsequent measurement and gains and losses

Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is
classified as held for trading, or it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are
measured at fair value and net gains and losses, including any interest expense, are recognised in statement of profit and loss.
Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest expense and
foreign exchange gains and losses are recognised in statement of profit and loss. Any gain or loss on derecognition is also
recognised in statement of profit and loss.

c) Derecognition

i. Financial assets

86
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

The Company derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it
transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of
ownership of the financial asset are transferred or in which the Company neither transfers nor retains substantially all of the risks
and rewards of ownership and does not retain control of the financial asset.

If the Company enters into transactions whereby it transfers assets recognised on its balance sheet, but retains either all or
substantially all of the risks and rewards of the transferred assets, the transferred assets are not derecognised.

ii. Financial liabilities

The Company derecognises a financial liability when its contractual obligations are discharged or cancelled, or expire.

The Company also derecognises a financial liability when its terms are modified and the cash flows under the modified terms are
substantially different. In this case, a new financial liability based on the modified terms is recognised at fair value. The difference
between the carrying amount of the financial liability extinguished and the new financial liability with modified terms is recognised
in statement of profit and loss.

iii. Offsetting

Financial assets and financial liabilities are offset and the net amount presented in the balance sheet when, and only when, the
Company currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net basis or to
realise the asset and settle the liability simultaneously.

iv. Derivative financial instruments

The Company holds derivative financial instruments such as foreign exchange forward contracts to mitigate the risk of changes
in exchange rates on foreign currency exposures. The counterparty for these contracts is generally a bank.

Derivatives are recognized initially at fair value and attributable transaction costs are recognized in net profit in the Statement of
Profit and Loss. Subsequent to initial recognition, the derivatives are measured at fair value through statement of profit and loss
and the resulting exchange gains or losses are included in other income.

15. Borrowing costs

Borrowing costs are interest and other costs (including exchange differences relating to foreign currency borrowings to the extent
that they are regarded as an adjustment to interest costs) incurred in connection with the borrowing of funds. Borrowing costs
directly attributable to acquisition or construction of an asset which necessarily take a substantial period of time to get ready for
their intended use are capitalised as part of the cost of that asset. Other borrowing costs are recognised as an expense in the
period in which they are incurred.

87
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

16. Provisions and contingencies

A provision is recognised if, as a result of a past event, the Company has a present legal or constructive obligation that can be
estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are
determined by discounting the expected future cash flows (representing the best estimate of the expenditure required to settle
the present obligation at the balance sheet date) at a pre-tax rate that reflects current market assessments of the time value of
money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost. Expected future
operating losses are not provided for.

Provision in respect of loss/contingencies relating to claims, litigations, assessment, fines, penalties etc. are recognised when it is
probable that a liability will be incurred and the amount can be estimated reliably.

17. Cash and cash equivalents

Cash comprises cash in hand and at bank. Cash equivalents are short-term, highly liquid investments that are readily convertible
into known amounts of cash and which are subject to an insignificant risk of changes in value.

18. Earnings per share

Basic earnings per share is calculated by dividing the net profit/ (loss) for the year attributable to equity shareholders by the
weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed using the
weighted average number of equity and dilutive equity equivalent shares outstanding during the year end, except where the
results would be anti-dilutive.

19. Advertising and marketing

Advertising and marketing expenditure is expensed as incurred. Media costs including third party production expenses incurred
for advertisements to be aired in this subsequent financial year are treated as prepaid expenses. Payments under personal
service contracts of celebrities participating in advertisement and marketing campaigns and multi-year commitments are
expensed in accordance with the terms of the agreement.

88
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[610200] Notes - Corporate information and statement of IndAs compliance

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of corporate information notes and other explanatory information Textual information (37) Textual information (38)
[TextBlock] [See below] [See below]
Textual information (39) Textual information (40)
Statement of Ind AS compliance [TextBlock] [See below] [See below]
Whether there is any departure from Ind AS No No
Whether there are reclassifications to comparative amounts No No
Textual information (41)
Disclosure of significant accounting policies [TextBlock] [See below]

Textual information (37)

Disclosure of corporate information notes and other explanatory information [Text Block]

PepsiCo India Holdings Private Limited (‘Company’), a subsidiary of PepsiCo Panimex Inc. Mauritius, is a private company
incorporated on January 28, 1994 under the provisions of Indian Companies Act. The Company is domiciled in India and its
registered office is situated at Level 3-5, Pioneer Square, Sector 62, Near Golf Course Extension Road, Gurugram, 122002.

The Company is engaged in the business of manufacture and trading of aerated and non-aerated beverage products, juice and
juice based drinks and packed food products.

Textual information (38)

Disclosure of corporate information notes and other explanatory information [Text Block]

PepsiCo India Holdings Private Limited (‘Company’), a subsidiary of PepsiCo Panimex Inc. Mauritius, is a private company
incorporated on January 28, 1994 under the provisions of Indian Companies Act. The Company is domiciled in India and its
registered office is situated at Level 3-5, Pioneer Square, Sector 62, Near Golf Course Extension Road, Gurugram, 122002.

The Company is engaged in the business of manufacture and trading of aerated and non-aerated beverage products, juice and
juice based drinks and packed food products.

89
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (39)

Statement of Ind AS compliance [Text Block]

The financial statements have been prepared in accordance with Indian Accounting Standards (Ind AS) as per the Companies
(Indian Accounting Standards) Rules, 2015 notified under Section 133 of Companies Act, 2013, (the ‘Act’) and other relevant
provisions of the Act.

The financial statements were authorized for issue by the Company’s Board of Directors on 24 August 2020.

Textual information (40)

Statement of Ind AS compliance [Text Block]

The financial statements have been prepared in accordance with Indian Accounting Standards (Ind AS) as per the Companies
(Indian Accounting Standards) Rules, 2015 notified under Section 133 of Companies Act, 2013, (the ‘Act’) and other relevant
provisions of the Act.

The financial statements were authorized for issue by the Company’s Board of Directors on 24 August 2020.

90
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (41)

Disclosure of significant accounting policies [Text Block]

2. Basis of preparation, measurement and significant accounting policies

(i) Basis of preparation and Statement of compliance

The financial statements have been prepared in accordance with Indian Accounting Standards (Ind AS) as per the Companies
(Indian Accounting Standards) Rules, 2015 notified under Section 133 of Companies Act, 2013, (the ‘Act’) and other relevant
provisions of the Act.

The financial statements were authorized for issue by the Company’s Board of Directors on 24 August 2020.

(ii) Recent Accounting Pronouncements

Ministry of Corporate Affairs (‘MCA’) notifies new standard or amendments to the existing standards. There is no such notification
that would have been applicable from 1 April 2020.

(iii) Historical cost convention

The financial statements have been prepared on a historical cost basis, except the following:

· Certain financial assets and liabilities (including derivative instruments) and contingent consideration is measured at fair
value;

· Assets held for sale – measured at fair value less cost to sell;

· Net defined benefit liability – present value of defined benefits plan assets measured at fair value; and

· Share based payments

(iv) Functional and presentation currency

These financial statements are presented in Indian rupees (Rs.) which is also the Company’s functional currency. All amounts
have been rounded-off to the nearest lakh as per the requirements of Schedule III of the Act, unless otherwise indicated.

(v) Use of estimates and judgements

In preparing these financial statements, management has made judgements, estimates and assumptions that affect the
application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ
from these estimates.

91
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised
prospectively.

Judgements

Information about judgements made in applying accounting policies that have the most significant effects on the amounts
recognised in the financial statements is included in the following notes:

Note 43 – leases: whether an arrangement contains a lease;

Assumptions and estimation uncertainties

The Company based its assumptions and estimates on parameters available when the financial statements were prepared.
Existing circumstances and assumptions about future developments, however, may change due to market changes or
circumstances arising that are beyond the control of the Company. Such changes are reflected in the assumptions when they
occur.

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a
significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are
described below.

· Measurement of defined benefit obligations

· Impairment of financial assets

· Estimated fair value of unlisted securities

· Estimated goodwill impairment

· Measurement of share based payment

· Reasonability of deferred tax assets on carried forward tax losses/ unabsorbed depreciation

· Estimation of useful lives of property, plant and equipment and intangible assets

(vi) Measurement of fair values

A few of Company’s accounting policies and disclosures requires the measurement of fair values, for both financial assets and
non-financial assets and liabilities.

The Company has an established control framework with respect to the measurement of fair values. This includes an in-house
team that has overall responsibility for overseeing all significant fair value measurements, including Level 3 fair values, and
reports directly to the finance controller.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between
market participants at the measurement date, regardless of whether that price is directly observable or estimated using another
valuation technique. In estimating the fair value of an asset or a liability, the Company takes into account the characteristics of
the asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the
measurement date. Fair value for measurement and/or disclosure purposes in these financial statements is determined on such
a basis, except for share-based payment transactions that are within the scope of Ind AS 102, leasing transactions that are within
the scope of Ind AS 17, and measurements that have some similarities to fair value but are not fair value, such as net realizable
value in Ind AS 2 or value in use in Ind AS 36 or present value of defined benefit obligation in Ind AS 19.

92
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

In addition, for financial reporting purposes, fair value measurements are categorized into Level 1, 2, or 3 based on the degree to
which the inputs to the fair value measurements are observable and the significance of the inputs to the fair value measurement
in its entirety, which are described as follows:

Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the
•
measurement date;

Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset or liability, either
•
directly or indirectly; and

• Level 3 inputs are unobservable inputs for the asset or liability.

When measuring the fair value of an asset or a liability, the Company uses observable market data as far as possible. If the
inputs used to measure the fair value of an asset or a liability fall into different levels of the fair value hierarchy, then the fair value
measurement is categorised in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant
to the entire measurement. The Company recognises transfers between levels of the fair value hierarchy at the end of the
reporting period during which the change has occurred.

(vii) Significant accounting polices

1. Operating segments

Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating Decision
Maker (CODM). The CODM is considered to be the Board of Directors who makes strategic decisions and is responsible for
allocating resources and assessing performance of the operating segments.

2. Property, plant and equipment

a) Recognition and measurement:

Items of property, plant and equipment are measured at cost, less accumulated depreciation and impairment losses, if any.

Freehold land is carried at historical cost. All other items of property, plant and equipment are measured at cost, less
accumulated depreciation and accumulated impairment losses, if any.

Historical cost of an item of property, plant and equipment comprises its purchase price, including import duties and
non-refundable purchase taxes, after deducting trade discounts and rebates, any directly attributable cost of bringing the item to
its working condition for its intended use and estimated costs of dismantling and removing the item and restoring the site on
which it is located.

Items such as spare parts, stand-by equipment and servicing equipment are capitalised when they meet the definition of
property, plant and equipment.

If significant parts of an item of property, plant and equipment have different useful lives, then they are accounted for as separate
items (major components) of property, plant and equipment.

Any gain or loss on disposal of an item of property, plant and equipment is recognised in the statement of profit and loss.

b) Subsequent expenditure:

93
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is
probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be
measured reliably. The carrying amount of any component accounted for as a separate asset is derecognized when replaced. All
other repairs and maintenance are charged to the statement of profit and loss during the reporting period in which they are
incurred.

c) Depreciation:

Depreciation is provided on the straight line method over the useful lives of assets estimated by the management which, except
for the following assets, are equal to the useful lives prescribed under Schedule II of the Companies Act, 2013.

Items Estimated useful life

Property,
plant and 15 years
equipment

Bottles and
4 years and 6 years respectively
cases

The management also adjusts gross block and accumulated depreciation of bottles and cases on account of plant
and market breakages on a First in First Out (‘FIFO’) basis, due to homogenous nature of the assets, at the end of
the respective estimated useful life of these assets.

Ice chests 2 years

Pushcarts
2 years and 3 years respectively
and kiosks

Vehicles
include 4 years
motor cars

Pallets Fully depreciated in the month of purchase except metal pallets which are depreciated over ten years

Fleet
8 years
vehicles

Visi coolers 7 years

PMX
8 years
machines

Other
market 3 years
equipments

Insurance
5 years
spares

For above class of assets, the management based on internal technical evaluation, has determined that the useful lives as given

94
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

above represent the period over which management expects to use these assets based on different shifts under which the
Company is working on. Hence, the useful lives for these assets is different from the useful lives as prescribed under Part C of
Schedule II of the Companies Act, 2013.

Items of property, plant and equipment individually costing below Rs. 5,000 are depreciated fully in the year of purchase.

Loss arising from retirement or gains or losses arising from disposal of property, plant and equipment which are carried at cost
recognized in the Statement of Profit and Loss. Depreciation on additions (disposals) is provided on a pro-rata basis i.e. from
(upto) the date on which asset is ready for use (disposed of).

Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives unless it is
reasonably certain that the Company will obtain ownership by the end of the lease term.

Depreciation method and useful lives are reviewed annually. If the useful life of an asset is estimated to be significantly different
from previous estimates, the depreciation period is changed accordingly. If there has been a significant change in the expected
pattern of economic benefits from the asset, the depreciation method is changed to reflect the changed pattern.

d) Capital work in progress

Capital work in progress includes property, plant and equipment under construction and property, plant and equipment pending
installation.

e) Reclassification to investment property

When the use of a property changes from owner-occupied to investment property, the property is reclassified as investment
property at its carrying amount on the date of reclassification.

3. Investment property

Investment property is property held either to earn rental income or for capital appreciation or for both, but not for sale in the
ordinary course of business, use in the production or supply of goods or services or for administrative purposes. Upon initial
recognition, an investment property is measured at cost including related transaction costs and where applicable, borrowing
costs. Subsequent expenditure is capitalized to the asset’s carrying amount only when it is probable that future economic
benefits associated with the expenditure will flow to the Company and the cost of the item can be measured reliably. All other
repairs and maintenance costs are expensed when incurred. When part of an investment property is replaced, the carrying
amount of the replaced part is derecognized.

Any gain or loss on disposal of an investment property is recognised in statement of profit and loss.

Investment properties are depreciated using the straight-line method over the useful lives as mentioned in Part C of Schedule II
of the Act.

The fair values of investment property is disclosed in the notes. Fair value is determined by an independent valuer who holds a
recognised and relevant professional qualification.

4. Intangible assets

a) Goodwill

95
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Goodwill that arises on an amalgamation or on the acquisition of a business is presented as intangible assets.

Subsequent expenditure is capitalized only when it increases the future economic benefits from the specific asset to which it
relates.

Goodwill is not amortised but are tested for impairment annually or more frequently, if events or changes in circumstances
indicate that it might be impaired. Goodwill is carried at cost less accumulated impairment losses.

b) Other intangible assets

Intangible assets that are acquired by the company are measured initially at cost. After initial recognition, an intangible asset is
carried at its cost less any accumulated amortisation and any accumulated impairment loss.

c) Subsequent expenditure

Subsequent expenditure is capitalised only when it increases the future economic benefits embodied in the specific asset to
which it relates. All other expenditure, including expenditure on internally generated goodwill and brands, is recognised in
statement of profit and loss as incurred.

d) Amortisation

Goodwill is not amortised and is tested for impairment annually.

Amortisation is calculated to write off the cost of intangible assets less their estimated residual values over their estimated useful
lives using the straight-line method, and is included in depreciation and amortisation in Statement of Profit and Loss.

The estimated useful life of other intangible assets as follows-

- Computer software 5 years

Amortisation method, useful lives and residual values are reviewed at the end of each financial year and adjusted if appropriate.

5. Investments in Subsidiaries, Associates and Joint Venture

Investments in subsidiaries, associates and joint venture are carried at cost less accumulated impairment losses, if any. Where
an indication of impairment exists, the carrying amount of the investment is assessed and written down immediately to its
recoverable amount. On disposal of investments in subsidiaries, associates and joint venture, the difference between net
disposal proceeds and the carrying amounts are recognized in the Statement of Profit and Loss.

6. Impairment

96
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

a) Impairment of non-financial assets

The company’s non-financial assets other than inventories, are reviewed for impairment at each reporting date or whenever
events or changes in circumstances indicate that the carrying amount may not be recoverable. If any such indication exists, then
the asset’s recoverable amount is estimated. Goodwill is tested annually for impairment.

For impairment testing, assets that do not generate independent cash inflows are grouped together into cash-generating units
(CGUs). Each CGU represents the smallest group of assets that generates cash inflows that are largely independent of the cash
inflows of other assets or CGUs.

The recoverable amount of a CGUs (or individual asset) is higher of fair value less costs of disposal and value in use. Value in
use is based on the estimated future cash flows, discounted to their present value using a pre-tax discount rate that reflects
current market assessments of the time value of money and the risks specific to the CGU (or the asset)

The Company’s corporate assets do not generate independent cash inflows. To determine impairment of a corporate asset,
recoverable amount is determined for the CGUs to which the corporate asset belongs.

An impairment loss is recognised for the amount by which the CGUs (or asset’s) carrying amount exceeds its recoverable
amount. Impairment losses are recognised in the statement of profit and loss. Impairment loss recognised in respect of a CGU is
allocated first to reduce the carrying amount of any goodwill allocated to the CGU, and then to reduce the carrying amounts of
other assets of the CGU on a pro rata basis.

An impairment loss in respect of goodwill is not subsequently reversed. In respect of other assets for which impairment loss has
been recognised in prior periods, the company reviews at each reporting date whether there is any indication that the loss has
decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the
recoverable amount. Such a reversal is made only to the extent that the asset’s carrying amount does not exceed the carrying
amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognised.

b) Impairment of financial instruments

The Company recognises loss allowances for expected credit losses on:

- financial assets measured at amortised cost

At each reporting date, the Company assesses whether financial assets carried at amortised cost and are credit impaired. A
financial asset is ‘credit impaired’ when one or more events that have a detrimental impact on the estimated future cash flows of
the financial asset have occurred.

Evidence that a financial asset is credit impaired includes the following observable data:

- significant financial difficulty of the borrower or issuer;

- a breach of contract such as a default or being past due for 90 days or more;

- the restructuring of a loan or advance by the Company on terms that the Company would not consider otherwise;

- it is probable that the borrower will enter bankruptcy or other financial reorganisation; or

the disappearance of an active market for a security because of financial difficulties.

97
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

The Company measures loss allowances at an amount equal to lifetime expected credit losses, except for the following, which
are measured as 12 month expected credit losses:

bank balances for which credit risk (i.e. the risk of default occurring over the expected life of the financial instrument) has not
increased significantly since initial recognition.

Loss allowances for trade receivables are always measured at an amount equal to lifetime expected credit losses.

Lifetime expected credit losses are the expected credit losses that result from all possible default events over the expected life of
a financial instrument.

12-month expected credit losses are the portion of expected credit losses that result from default events that are possible within
12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months).

In all cases, the maximum period considered when estimating expected credit losses is the maximum contractual period over
which the Company is exposed to credit risk.

c) Measurement of expected credit losses

Expected credit losses are a probability weighted estimate of credit losses. Credit losses are measured as the present value of
all cash shortfalls (i.e. the difference between the cash flows due to the Company in accordance with the contract and the cash
flows that the Company expects to receive).

d) Presentation of allowance for expected credit losses in the balance sheet

Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets.

e) Write-off

The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic
prospect of recovery. This is generally the case when the Company determines that the debtor does not have assets or sources
of income that could generate sufficient cash flows to repay the amounts subject to the write off. However, financial assets that
are written off could still be subject to enforcement activities in order to comply with the Company’s procedures for recovery of
amounts due.

7. Non-current assets held for sale

Non-current assets, comprising assets and liabilities are classified as held for sale if it is highly probable that they will be
recovered primarily through sale rather than through continuing use.

98
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Such assets, are generally measured at the lower of their carrying amount and fair value less costs to sell except for assets such
as deferred tax assets, assets arising from employee benefits, financial assets, which are specifically exempt from this
requirement. Losses on initial classification as held for sale and subsequent gains and losses on re-measurement are recognised
in statement of profit and loss.

Once classified as held-for-sale, intangible assets, property, plant and equipment and investment properties are no longer
amortised or depreciated.

8. Inventories

Inventories which comprise raw materials, packing materials, work-in-progress, finished goods and stock in trade are carried at
the lower of weighted average cost and net realizable value. Stores and spare parts are valued at cost.

Cost of inventories includes all costs incurred in bringing the inventories to their present location and condition. In determining
cost of work in progress and manufactured inventories, fixed production overheads are allocated on the basis of normal capacity
of production facilities.

Potato seeds stocks are held for production of chip grade potato which is used as a raw material for production of potato chips.
Potato seed stocks are valued at cost.

Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and
the estimated costs necessary to make the sale.

The net realisable value of work-in-progress is determined with reference to the selling prices of related finished products. Raw
materials and other supplies held for use in the production of finished products are not written down below cost except in cases
where material prices have declined and it is estimated that the cost of the finished products will exceed their net realizable
value.

The comparison of cost and net realizable value is made on an item-by-item basis. Appropriate adjustments are made to the
carrying value of damaged, slow moving and obsolete inventories based on management's current best estimate.

9. Revenue

The Effective 1 April 2018, the Company has applied Ind AS 115: Revenue from Contracts with Customers which establishes a
comprehensive framework for determining whether, how much and when revenue is to be recognised. Ind AS 115 replaces Ind
AS 18 Revenue. The impact of the adoption of the standard on the financial statements of the Company is insignificant. Revenue
is measured based on the consideration specified in a contract with a customer and excludes amounts collected on behalf of
third parties, if any. The Company recognizes revenue when it transfers control over a product or service to a customer.

To determine whether to recognize revenue, the Company follows a 5-step process:

• Identifying the contract with a customer

99
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

• Identifying the performance obligations

• Determining the transaction price

• Allocating the transaction price to the performance obligations

• Recognising revenue when/as performance obligation(s) are satisfied.

a) Sale of goods:

Revenue from the sale of goods in the course of ordinary activities is measured at the fair value of the consideration received or
receivable are inclusive of excise duty, net of returns, trade discounts, volume rebates and goods and service tax (GST). This
inter alia involves discounting of the consideration due to the present value if payment extends beyond normal credit terms.
Revenue is recognised when the significant risks and rewards of ownership have been transferred to the buyer, recovery of the
consideration is probable, the associated costs and possible return of goods can be estimated reliably, there is no continuing
effective control over, or managerial involvement with, the goods, and the amount of revenue can be measured reliably. The
timing of transfers of risks and rewards varies depending on the individual terms of sale.

b) Rendering of services:

Revenue from services is recognised in the accounting period in which the services are rendered on the basis of service
agreements entered between the Company and its group companies.

c) Interest income:

Interest income or expense is recognised using the effective interest method.

The ‘effective interest rate’ is the rate that exactly discounts estimated future cash payments or receipts through the expected life
of the financial instrument to:

- the gross carrying amount of the financial asset; or

- the amortised cost of the financial liability.

d) Royalty:

Royalty income is recognised on the terms of the underlying agreement.

10. Employee benefits

a) Short term employee benefits

100
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

All employee benefits payable wholly within twelve months of receiving employee services are classified as short-term employee
benefits. These benefits include salaries and wages, bonus and ex-gratia. The undiscounted amount of short-term employee
benefits to be paid in exchange for employee services is recognised as an expense as the related service is rendered by
employees. Further, the liabilities are presented as provisions for employee benefits under current provisions in the balance
sheet.

b) Defined contribution plan

A defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate
company and will have no legal or constructive obligation to pay further amounts. These contributions are recognised as
employee benefits expenses and charged to the statement of profit and loss as and when they become payable.

c) Defined benefit plan

A defined benefit plan is a post-employment benefit plan other than a defined contribution plan. The Company’s net obligation in
respect of defined benefit plans is calculated separately for each plan by estimating the amount of future benefit that employees
have earned in the current and prior periods, discounting that amount and deducting the fair value of any plan assets.

In respect of certain employees (other than those covered under defined contribution plan) the Company makes specified
monthly contribution towards employee provident fund to provident fund trust administered by the Company. The minimum
interest payable by the provident fund trust to the beneficiaries every year is notified by the Government. The Company has an
obligation to make good the shortfall, if any, between the return on investment of the trust and notified interest rate. This is in the
nature of defined benefit plan.

The calculation of defined benefit obligation is performed annually by a qualified actuary using the projected unit credit method.
When the calculation results in a potential asset for the Company, the recognised asset is limited to the present value of
economic benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan (‘the
asset ceiling’). In order to calculate the present value of economic benefits, consideration is given to any minimum funding
requirements.

Remeasurements of the net defined benefit liability, which comprise actuarial gains and losses, are recognised in other
comprehensive income. The Company determines the net interest expense (income) on the net defined benefit liability (asset) for
the period by applying the discount rate used to measure the defined benefit obligation at the beginning of the annual period to
the then-net defined benefit liability (asset), taking into account any changes in the net defined benefit liability (asset) during the
period as a result of contributions and benefit payments. Net interest expense and other expenses related to defined benefit
plans are recognised in statement of profit and loss.

When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service
(‘past service cost’ or ‘past service gain’) or the gain or loss on curtailment is recognised immediately in statement of profit and
loss. The Company recognises gains and losses on the settlement of a defined benefit plan when the settlement occurs.

d) Other long-term employee benefits

101
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

The Company’s net obligation in respect of long-term employee benefits other than post-employment benefits is the amount of
future benefit that employees have earned in return for their service in the current and prior periods; that benefit is discounted to
determine its present value, and the fair value of any related assets is deducted. The obligation is measured on the basis of an
annual independent actuarial valuation using the projected unit credit method. Re-measurements gain or losses are recognised
in statement of profit and loss in the period in which they arise.

e) Share based payment

Certain employees of the Company are entitled to participate in the Long Term Incentive Program (‘the program’) of PepsiCo
Inc., the ultimate parent company, whereby employees are granted Restricted Stock Units (shares) and/or Stock options to
purchase shares of PepsiCo Inc. The fair value of the shares and stock options as at the grant date is recognized as Employee
Stock Compensation Cost over the period during which an employee is required to provide service in exchange of the shares
and stock options (vesting period) with a corresponding credit to Stock Options Outstanding Account.

Estimating the number of share or share options that are expected to vest requires judgement based upon management’s best
estimate. 100% of the expense is recognized for all shares and stock options that ultimately vest. In a situation where the stock
option expires unexercised after the vesting period, the balance standing to the credit of the Stock Options Outstanding Account
is transferred to general reserve.

The fair value of stock options granted is determined at the grant date using valuation techniques consistent with the generally
accepted valuation methodologies for pricing financial instruments and quoted markets value of the share on the grant date is
considered as fair value for share.

11. Leases

a) Transition

Effective 1 April 2019, the Company adopted Ind AS 116 “Leases” and applied the standard to all lease contracts existing on 1
April 2019 using the modified retrospective method and elected to measure the right-of-use assets at an amount equal to the
lease liability adjusted for any prepaid or accrued lease payments that existed at the date of transition. Consequently, the
Company recorded the lease liability at the present value of the lease payments discounted at the incremental borrowing rate at
the date of initial application and the right of use asset at its carrying amount as if the standard had been applied since the
commencement date of the lease. Accordingly, Company has taken the cumulative adjustment to retained earnings, on the date
of initial application (1 April 2019). Comparatives as at and for the year ended 31 March 2019 have not been retrospectively
adjusted and therefore will continue to be reported under the accounting policies included as part of our Annual Report for year
ended 31 March 2019.

Refer note 43 for details on transition.

b) The Company as a lessee

102
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

The Company’s lease asset classes primarily consist of property leases and copacker leases. The Company assesses whether a
contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control
the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right
to control the use of an identified asset, the Company assesses whether: (i) the contract involves the use of an identified asset
(ii) the Company has substantially all of the economic benefits from use of the asset through the period of the lease and (iii) the
Company has the right to direct the use of the asset.

At the date of commencement of the lease, the Company recognizes a right-of-use asset (“ROU”) and a corresponding lease
liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term
leases) and low value leases. For these short-term and low value leases, the Company recognizes the lease payments as an
operating expense on a straight-line basis over the term of the lease.

Certain lease arrangements include the options to extend or terminate the lease before the end of the lease term. ROU assets
and lease liabilities includes these options when it is reasonably certain that they will be exercised.

The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any
lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives.
They are subsequently measured at cost less accumulated depreciation and impairment losses.

Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and
useful life of the underlying asset.

The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments
are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates.
Lease liabilities are re-measured with a corresponding adjustment to the related right of use asset if the Company changes its
assessment if whether it will exercise an extension or a termination option.

12. Foreign currency transactions

Transactions in foreign currencies are translated into the functional currency at the exchange rates at the dates of the
transactions or an average rate if the average rate approximates the actual rate at the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rate
at the reporting date. Non-monetary assets and liabilities that are measured at fair value in a foreign currency are translated into
the functional currency at the exchange rate when the fair value was determined. Non-monetary assets and liabilities that are
measured based on historical cost in a foreign currency are translated at the exchange rate at the date of the transaction.
Exchange differences are recognised in the statement of profit and loss.

13. Income tax

103
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Income tax comprises current and deferred tax. It is recognised in profit and loss except to the extent that it relates to an item
directly in equity or other comprehensive income.

a) Current tax

Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any adjustment to
the tax payable or receivable in respect of previous years. The amount of current tax reflects the best estimate of the tax amount
expected to be paid or received after considering the uncertainty, if any, related to income taxes. It is measured using tax rates
(and tax laws) enacted or substantively enacted by the reporting date.

Current tax assets and current tax liabilities are offset only if there is a legally enforceable right to set off the recognised amounts,
and it is intended to realise the asset and settle the liability on a net basis or simultaneously.

b) Deferred tax

Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial
reporting purposes and the corresponding amounts used for taxation purposes. Deferred tax is also recognised in respect of
carried forward tax losses and tax credits. Deferred tax is not recognised for:

- temporary differences arising on the initial recognition of assets or liabilities in a transaction that is not a business
combination and that affects neither accounting nor taxable profit or loss at the time of the transaction;

- taxable temporary differences arising on the initial recognition of goodwill.

Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which they
can be used. The existence of unused tax losses is strong evidence that future taxable profit may not be available. Therefore, in
case of a history of recent losses, the Company recognises a deferred tax asset only to the extent that it has sufficient taxable
temporary differences or there is convincing other evidence that sufficient taxable profit will be available against which such
deferred tax asset can be realised.

Deferred tax is measured at the tax rates that are expected to apply to the period when the asset is realised or the liability is
settled, based on the laws that have been enacted or substantively enacted by the reporting date.

The measurement of deferred tax reflects the tax consequences that would follow from the manner in which the Company
expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities.

Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and
they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they
intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realised simultaneously.

104
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

14. Financial instruments

a) Recognition and initial measurement

Trade receivables issued are initially recognised when they are originated. All other financial assets and financial liabilities are
initially recognised when the Company becomes a party to the contractual provisions of the instrument.

A financial asset or financial liability is initially measured at fair value plus, for an item not at fair value through profit and loss
(FVTPL), transaction costs that are directly attributable to its acquisition or issue.

b) Classification and subsequent measurement

i. Financial assets

On initial recognition, a financial asset is classified as measured at

- amortised cost;

- Fair value through other comprehensive income (FVOCI) – debt investment;

- Fair value through other comprehensive income (FVOCI) – equity investment; or

- Fair value through profit and loss (FVTPL)

Financial assets are not reclassified subsequent to their initial recognition, except if and in the period the Company changes its
business model for managing financial assets.

A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL:

- the asset is held within a business model whose objective is to hold assets to collect contractual cash flows; and

- the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal
and interest on the principal amount outstanding.

A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL:

- the asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling

105
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

financial assets; and

- the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal
and interest on the principal amount outstanding.

All financial assets not classified as measured at amortised cost or FVOCI as described above are measured at FVTPL. This
includes all derivative financial assets. On initial recognition, the Company may irrevocably designate a financial asset that
otherwise meets the requirements to be measured at amortised cost or at FVOCI as at FVTPL if doing so eliminates or
significantly reduces an accounting mismatch that would otherwise arise.

ii. Financial assets: Business model assessment

The Company makes an assessment of the objective of the business model in which a financial asset is held at a portfolio level
because this best reflects the way the business is managed and information is provided to management. The information
considered includes:

- the stated policies and objectives for the portfolio and the operation of those policies in practice. These include whether
management’s strategy focuses on earning contractual interest income, maintaining a particular interest rate profile, matching the
duration of the financial assets to the duration of any related liabilities or expected cash outflows or realising cash flows through
the sale of the assets;

- how the performance of the portfolio is evaluated and reported to the Company’s management;

- the risks that affect the performance of the business model (and the financial assets held within that business model) and
how those risks are managed;

- how managers of the business are compensated – e.g. whether compensation is based on the fair value of the assets
managed or the contractual cash flows collected; and

- the frequency, volume and timing of sales of financial assets in prior periods, the reasons for such sales and expectations
about future sales activity.

iii. Financial assets: Assessment whether contractual cash flows are solely payments of principal and interest

For the purposes of this assessment, ‘principal’ is defined as the fair value of the financial asset on initial recognition. ‘Interest’ is
defined as consideration for the time value of money and for the credit risk associated with the principal amount outstanding
during a particular period of time and for other basic lending risks and costs (e.g. liquidity risk and administrative costs), as well
as a profit margin.

106
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

In assessing whether the contractual cash flows are solely payments of principal and interest, the Company considers the
contractual terms of the instrument. This includes assessing whether the financial asset contains a contractual term that could
change the timing or amount of contractual cash flows such that it would not meet this condition. In making this assessment, the
Company considers:

- contingent events that would change the amount or timing of cash flows;

- terms that may adjust the contractual coupon rate, including variable interest rate features;

- prepayment and extension features; and

- terms that limit the Company’s claim to cash flows from specified assets (e.g. non recourse features).

iv. Financial assets:

Subsequent
measurement and
gains and losses

Financial assets at These assets are subsequently measured at fair value. Net gains and losses, including any interest or
FVTPL dividend income, are recognised in statement of profit and loss.

These assets are subsequently measured at amortised cost using the effective interest method. The
Financial assets at amortised cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and
amortised cost impairment are recognised in statement of profit and loss. Any gain or loss on derecognition is recognised
in statement of profit and loss.

These assets are subsequently measured at fair value. Interest income under the effective interest method,
Debt investments at foreign exchange gains and losses and impairment are recognised in statement of profit and loss. Other net
FVOCI gains and losses are recognised in OCI. On derecognition, gains and losses accumulated in OCI are
reclassified to statement of profit and loss.

These assets are subsequently measured at fair value. Dividends are recognised as income in statement of
Equity investments
profit and loss unless the dividend clearly represents a recovery of part of the cost of the investment. Other
at FVOCI
net gains and losses are recognised in OCI and are not reclassified to statement of profit and loss.

v. Financial liabilities: Classification, subsequent measurement and gains and losses

Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is
classified as held for trading, or it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are
measured at fair value and net gains and losses, including any interest expense, are recognised in statement of profit and loss.
Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest expense and
foreign exchange gains and losses are recognised in statement of profit and loss. Any gain or loss on derecognition is also
recognised in statement of profit and loss.

c) Derecognition

i. Financial assets

107
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

The Company derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it
transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of
ownership of the financial asset are transferred or in which the Company neither transfers nor retains substantially all of the risks
and rewards of ownership and does not retain control of the financial asset.

If the Company enters into transactions whereby it transfers assets recognised on its balance sheet, but retains either all or
substantially all of the risks and rewards of the transferred assets, the transferred assets are not derecognised.

ii. Financial liabilities

The Company derecognises a financial liability when its contractual obligations are discharged or cancelled, or expire.

The Company also derecognises a financial liability when its terms are modified and the cash flows under the modified terms are
substantially different. In this case, a new financial liability based on the modified terms is recognised at fair value. The difference
between the carrying amount of the financial liability extinguished and the new financial liability with modified terms is recognised
in statement of profit and loss.

iii. Offsetting

Financial assets and financial liabilities are offset and the net amount presented in the balance sheet when, and only when, the
Company currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net basis or to
realise the asset and settle the liability simultaneously.

iv. Derivative financial instruments

The Company holds derivative financial instruments such as foreign exchange forward contracts to mitigate the risk of changes
in exchange rates on foreign currency exposures. The counterparty for these contracts is generally a bank.

Derivatives are recognized initially at fair value and attributable transaction costs are recognized in net profit in the Statement of
Profit and Loss. Subsequent to initial recognition, the derivatives are measured at fair value through statement of profit and loss
and the resulting exchange gains or losses are included in other income.

15. Borrowing costs

Borrowing costs are interest and other costs (including exchange differences relating to foreign currency borrowings to the extent
that they are regarded as an adjustment to interest costs) incurred in connection with the borrowing of funds. Borrowing costs
directly attributable to acquisition or construction of an asset which necessarily take a substantial period of time to get ready for
their intended use are capitalised as part of the cost of that asset. Other borrowing costs are recognised as an expense in the
period in which they are incurred.

108
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

16. Provisions and contingencies

A provision is recognised if, as a result of a past event, the Company has a present legal or constructive obligation that can be
estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are
determined by discounting the expected future cash flows (representing the best estimate of the expenditure required to settle
the present obligation at the balance sheet date) at a pre-tax rate that reflects current market assessments of the time value of
money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost. Expected future
operating losses are not provided for.

Provision in respect of loss/contingencies relating to claims, litigations, assessment, fines, penalties etc. are recognised when it is
probable that a liability will be incurred and the amount can be estimated reliably.

17. Cash and cash equivalents

Cash comprises cash in hand and at bank. Cash equivalents are short-term, highly liquid investments that are readily convertible
into known amounts of cash and which are subject to an insignificant risk of changes in value.

18. Earnings per share

Basic earnings per share is calculated by dividing the net profit/ (loss) for the year attributable to equity shareholders by the
weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed using the
weighted average number of equity and dilutive equity equivalent shares outstanding during the year end, except where the
results would be anti-dilutive.

19. Advertising and marketing

Advertising and marketing expenditure is expensed as incurred. Media costs including third party production expenses incurred
for advertisements to be aired in this subsequent financial year are treated as prepaid expenses. Payments under personal
service contracts of celebrities participating in advertisement and marketing campaigns and multi-year commitments are
expensed in accordance with the terms of the agreement.

109
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[610300] Notes - Accounting policies, changes in accounting estimates and errors

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of changes in accounting policies, accounting estimates and errors
[TextBlock]
Disclosure of initial application of standards or interpretations
[TextBlock]
Whether initial application of an Ind AS has an effect on the
No No
current period or any prior period
Disclosure of voluntary change in accounting policy [TextBlock]
Whether there is any voluntary change in accounting policy No No
Disclosure of changes in accounting estimates [TextBlock]
Whether there are changes in acounting estimates during the year No No

[400600] Notes - Property, plant and equipment

Disclosure of additional information about property plant and equipment [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Assets held under lease [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child
Refer to child member Straight line method Straight line method
equipment member
The useful lives
The useful lives
prescribed under
Useful lives or depreciation rates, property, Refer to child prescribed under
Refer to child member Schedule II of the
plant and equipment member Schedule II of the
Companies Act,
Companies Act, 2013.
2013.
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Land [Member] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child
NA NA Refer to child member
equipment member
Useful lives or depreciation rates, property, Refer to child
NA NA Refer to child member
plant and equipment member
Whether property, plant and equipment are
No No No No
stated at revalued amount

110
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of additional information about property plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory building [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child
Refer to child member Straight line method Straight line method
equipment member
The useful lives
The useful lives
prescribed under
Useful lives or depreciation rates, property, Refer to child prescribed under
Refer to child member Schedule II of the
plant and equipment member Schedule II of the
Companies Act,
Companies Act, 2013.
2013.
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned and leased assets [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Refer to child
Refer to child member Refer to child member
equipment member member
Useful lives or depreciation rates, property, Refer to child Refer to child
Refer to child member Refer to child member
plant and equipment member member
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(5)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member] Owned assets [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and
Straight line method Straight line method Straight line method Straight line method
equipment
The useful lives
The useful lives
prescribed under
Useful lives or depreciation rates, property, prescribed under
Schedule II of the 15 years 15 years
plant and equipment Schedule II of the
Companies Act,
Companies Act, 2013.
2013.
Whether property, plant and equipment are
No No No No
stated at revalued amount

111
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of additional information about property plant and equipment [Table] ..(6)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child
Refer to child member Straight line method Straight line method
equipment member
The useful lives
The useful lives
prescribed under
Useful lives or depreciation rates, property, Refer to child prescribed under
Refer to child member Schedule II of the
plant and equipment member Schedule II of the
Companies Act,
Companies Act, 2013.
2013.
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(7)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Vehicles [Member] Motor vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned and leased assets [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Refer to child
Refer to child member Refer to child member
equipment member member
Useful lives or depreciation rates, property, Refer to child Refer to child
Refer to child member Refer to child member
plant and equipment member member
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(8)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Motor vehicles [Member] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child
Straight line method Straight line method Refer to child member
equipment member
Useful lives or depreciation rates, property, Refer to child
4 years 4 years Refer to child member
plant and equipment member
Whether property, plant and equipment are
No No No No
stated at revalued amount

112
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of additional information about property plant and equipment [Table] ..(9)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Office equipment [Member] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child
Straight line method Straight line method Refer to child member
equipment member
The useful lives
The useful lives
prescribed under
Useful lives or depreciation rates, property, prescribed under Refer to child
Schedule II of the Refer to child member
plant and equipment Schedule II of the member
Companies Act,
Companies Act, 2013.
2013.
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(10)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other property, plant and equipment
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
[Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child
Straight line method Straight line method Refer to child member
equipment member
The useful lives
The useful lives
prescribed under
Useful lives or depreciation rates, property, prescribed under Refer to child
Schedule II of the Refer to child member
plant and equipment Schedule II of the member
Companies Act,
Companies Act, 2013.
2013.
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(11)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child
Refer to child member Straight line method Straight line method
equipment member
The useful lives
The useful lives
prescribed under
Useful lives or depreciation rates, property, Refer to child prescribed under
Refer to child member Schedule II of the
plant and equipment member Schedule II of the
Companies Act,
Companies Act, 2013.
2013.
Whether property, plant and equipment are
No No No No
stated at revalued amount

113
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2019 01/04/2018
31/03/2020 31/03/2019 to to
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 58,023 30,747
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
19,941 2,07,856
equipment
Total disposals and retirements,
19,941 2,07,856
property, plant and equipment
Total increase (decrease) in property,
38,082 -1,77,109
plant and equipment
Property, plant and equipment at end of
(A) 1,18,847 (B) 95,023 1,90,880 1,52,798
period

Footnotes
(A)
Particulars 2019-20
Property, plant and equipment 91353
Right of use assets 27494

(B)
Particulars 2018-19
Property, plant and equipment 95023
Right of use assets 0

114
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
18,914 33,326
loss
Total Depreciation property plant and
18,914 33,326
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
4,656 66,589
equipment
Total disposals and retirements,
4,656 66,589
property, plant and equipment
Total increase (decrease) in property,
14,258 -33,263
plant and equipment
Property, plant and equipment at end of
3,29,907 72,033 57,775 91,038
period

115
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 4,717 0
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 -247
loss
Total Depreciation property plant and
0 -247
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -5,441 -5,697
equipment
Total increase (decrease) through
transfers and other changes, property, -5,441 -5,697
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
2,666 5,617 2,666
equipment
Total disposals and retirements,
2,666 5,617 2,666
property, plant and equipment
Total increase (decrease) in property,
-8,107 -1,147 -8,363
plant and equipment
Property, plant and equipment at end of
712 8,819 9,966 712
period

116
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 4,717
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 247
loss
Total Depreciation property plant and
0 247
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -256
equipment
Total increase (decrease) through
transfers and other changes, property, -256
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
6,175 0 558
equipment
Total disposals and retirements,
6,175 0 558
property, plant and equipment
Total increase (decrease) in property,
-1,458 -256 -311
plant and equipment
Property, plant and equipment at end of
9,075 10,533 0 256
period

117
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(5)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Land [Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 4,717
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 -247
loss
Total Depreciation property plant and
0 -247
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -5,441
equipment
Total increase (decrease) through
transfers and other changes, property, -5,441
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 3,291
equipment
Total disposals and retirements,
0 3,291
property, plant and equipment
Total increase (decrease) in property,
-5,441 1,179
plant and equipment
Property, plant and equipment at end of
567 0 5,441 4,262
period

118
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(6)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 4,717
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0
loss
Total Depreciation property plant and
0
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -5,697 (A) -256
equipment
Total increase (decrease) through
transfers and other changes, property, -5,697 -256
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 (B) 3,849 0
equipment
Total disposals and retirements,
0 3,849 0
property, plant and equipment
Total increase (decrease) in property,
-5,697 868 -256
plant and equipment
Property, plant and equipment at end of
0 5,697 4,829 0
period

(A)
Particulars 2019-20
Transferred to right of use assets (refer note 3c) -256

(B)
Particulars 2018-19
Disposals 67
Reclassified as asset of disposal group classified as held for sale (refer note 16a) 3782

119
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(7)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
247
loss
Total Depreciation property plant and
247
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
(A) 558 2,666 2,326
equipment
Total disposals and retirements,
558 2,666 2,326
property, plant and equipment
Total increase (decrease) in property,
-311 -2,666 -2,326
plant and equipment
Property, plant and equipment at end of
256 567 712 3,378
period

(A)
Particulars 2018-19
Deletion / Adjustments 18
Reclassified as asset of disposal group classified as held for sale (refer note 16a) 540

Disclosure of detailed information about property, plant and equipment [Table] ..(8)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
(A) 2,666 (B) 2,326
equipment
Total disposals and retirements,
2,666 2,326
property, plant and equipment
Total increase (decrease) in property,
-2,666 -2,326
plant and equipment
Property, plant and equipment at end of
5,704 712 3,378 5,704
period

120
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

(A)
Particulars 2019-20
Reclassified as investment property (refer note 4) -2666

(B)
Particulars 2018-19
Reclassified as asset of disposal group classified as held for sale (refer note 16a) 2326

Disclosure of detailed information about property, plant and equipment [Table] ..(9)
Unless otherwise specified, all monetary values are in Lakhs of INR
Buildings
Classes of property, plant and equipment [Axis] Land [Member]
[Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,566
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-1,444
loss
Total Depreciation property plant and
-1,444
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
314
equipment
Total disposals and retirements,
314
property, plant and equipment
Total increase (decrease) in property,
0 0 -192
plant and equipment
Property, plant and equipment at end of
0 0 0 14,324
period

121
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(10)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2,323 1,566 2,323
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-3,171
loss
Total Depreciation property plant and
-3,171
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
33,243 635 39,496
equipment
Total disposals and retirements,
33,243 635 39,496
property, plant and equipment
Total increase (decrease) in property,
-34,091 931 -37,173
plant and equipment
Property, plant and equipment at end of
14,516 48,607 19,589 18,658
period

122
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(11)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1,444 3,171
loss
Total Depreciation property plant and
1,444 3,171
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
321 6,253
equipment
Total disposals and retirements,
321 6,253
property, plant and equipment
Total increase (decrease) in property,
1,123 -3,082
plant and equipment
Property, plant and equipment at end of
55,831 5,265 4,142 7,224
period

123
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(12)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,566 2,323
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1,444
loss
Total Depreciation property plant and
1,444
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
635 39,496 321
equipment
Total disposals and retirements,
635 39,496 321
property, plant and equipment
Total increase (decrease) in property,
931 -37,173 1,123
plant and equipment
Property, plant and equipment at end of
19,589 18,658 55,831 5,265
period

124
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(13)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Buildings [Member] Factory building [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,566 2,323
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
3,171 -1,444 -3,171
loss
Total Depreciation property plant and
3,171 -1,444 -3,171
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
6,253 314 33,243
equipment
Total disposals and retirements,
6,253 314 33,243
property, plant and equipment
Total increase (decrease) in property,
-3,082 -192 -34,091
plant and equipment
Property, plant and equipment at end of
4,142 7,224 14,324 14,516
period

Disclosure of detailed information about property, plant and equipment [Table] ..(14)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory building [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,566 2,323
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
635 39,496
equipment
Total disposals and retirements,
635 39,496
property, plant and equipment
Total increase (decrease) in property,
931 -37,173
plant and equipment
Property, plant and equipment at end of
48,607 19,589 18,658 55,831
period

125
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(15)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory building [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,566
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1,444 3,171 -1,444
loss
Total Depreciation property plant and
1,444 3,171 -1,444
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
321 6,253 314
equipment
Total disposals and retirements,
321 6,253 314
property, plant and equipment
Total increase (decrease) in property,
1,123 -3,082 -192
plant and equipment
Property, plant and equipment at end of
5,265 4,142 7,224 14,324
period

126
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(16)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory building [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2,323 1,566 2,323
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-3,171
loss
Total Depreciation property plant and
-3,171
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
33,243 635 (A) 39,496
equipment
Total disposals and retirements,
33,243 635 39,496
property, plant and equipment
Total increase (decrease) in property,
-34,091 931 -37,173
plant and equipment
Property, plant and equipment at end of
14,516 48,607 19,589 18,658
period

(A)
Particulars 2018-19
Disposals 57
Reclassified as asset of disposal group classified as held for sale (refer note 16a) 39439

127
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(17)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory building [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1,444 3,171
loss
Total Depreciation property plant and
1,444 3,171
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
321 (A) 6,253
equipment
Total disposals and retirements,
321 6,253
property, plant and equipment
Total increase (decrease) in property,
1,123 -3,082
plant and equipment
Property, plant and equipment at end of
55,831 5,265 4,142 7,224
period

(A)
Particulars 2018-19
Deletion / Adjustments 31
Reclassified as asset of disposal group classified as held for sale (refer note 16a) 6222

128
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(18)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27,411 21,885 27,411
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-7,412 -24,674
loss
Total Depreciation property plant and
-7,412 -24,674
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -12,875 -17,260
equipment
Total increase (decrease) through
transfers and other changes, property, -12,875 -17,260
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
2,077 89,459 3,016
equipment
Total disposals and retirements,
2,077 89,459 3,016
property, plant and equipment
Total increase (decrease) in property,
5,047 -92,248 7,135
plant and equipment
Property, plant and equipment at end of
71,221 66,174 1,58,422 1,23,041
period

129
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(19)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 21,885
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
7,412 24,674
loss
Total Depreciation property plant and
7,412 24,674
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -4,385
equipment
Total increase (decrease) through
transfers and other changes, property, -4,385
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1,35,579 939 46,120
equipment
Total disposals and retirements,
1,35,579 939 46,120
property, plant and equipment
Total increase (decrease) in property,
-1,13,694 2,088 -21,446
plant and equipment
Property, plant and equipment at end of
1,15,906 2,29,600 51,820 49,732
period

130
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(20)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -17,260
equipment
Total increase (decrease) through
transfers and other changes, property, -17,260
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1,524
equipment
Total disposals and retirements,
1,524
property, plant and equipment
Total increase (decrease) in property,
-17,260 -1,524
plant and equipment
Property, plant and equipment at end of
71,178 0 17,260 18,784
period

131
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(21)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27,411
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 1,688
loss
Total Depreciation property plant and
0 1,688
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -4,385
equipment
Total increase (decrease) through
transfers and other changes, property, -4,385
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 751 3,016
equipment
Total disposals and retirements,
0 751 3,016
property, plant and equipment
Total increase (decrease) in property,
-4,385 937 24,395
plant and equipment
Property, plant and equipment at end of
0 4,385 3,448 1,23,041
period

132
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(22)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 21,885
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
7,412 22,986
loss
Total Depreciation property plant and
7,412 22,986
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1,34,055 939 45,369
equipment
Total disposals and retirements,
1,34,055 939 45,369
property, plant and equipment
Total increase (decrease) in property,
-1,12,170 6,473 -22,383
plant and equipment
Property, plant and equipment at end of
98,646 2,10,816 51,820 45,347
period

133
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(23)
Unless otherwise specified, all monetary values are in Lakhs of INR
Plant and
Classes of property, plant and equipment [Axis] equipment Factory equipments [Member]
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27,411 21,885
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-7,412 -24,674
loss
Total Depreciation property plant and
-7,412 -24,674
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -12,875
equipment
Total increase (decrease) through
transfers and other changes, property, -12,875
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
2,077 89,459
equipment
Total disposals and retirements,
2,077 89,459
property, plant and equipment
Total increase (decrease) in property,
5,047 -92,248
plant and equipment
Property, plant and equipment at end of
67,730 71,221 66,174 1,58,422
period

134
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(24)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27,411 21,885
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
7,412
loss
Total Depreciation property plant and
7,412
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -17,260 -4,385
equipment
Total increase (decrease) through
transfers and other changes, property, -17,260 -4,385
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
3,016 1,35,579 939
equipment
Total disposals and retirements,
3,016 1,35,579 939
property, plant and equipment
Total increase (decrease) in property,
7,135 -1,13,694 2,088
plant and equipment
Property, plant and equipment at end of
1,23,041 1,15,906 2,29,600 51,820
period

135
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(25)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
24,674 0 -1,688
loss
Total Depreciation property plant and
24,674 0 -1,688
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -12,875
equipment
Total increase (decrease) through
transfers and other changes, property, -12,875
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
46,120 0 773
equipment
Total disposals and retirements,
46,120 0 773
property, plant and equipment
Total increase (decrease) in property,
-21,446 -12,875 -2,461
plant and equipment
Property, plant and equipment at end of
49,732 71,178 0 12,875
period

136
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(26)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and (A) -17,260
equipment
Total increase (decrease) through
transfers and other changes, property, -17,260
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1,524
equipment
Total disposals and retirements,
1,524
property, plant and equipment
Total increase (decrease) in property,
-17,260 -1,524
plant and equipment
Property, plant and equipment at end of
15,336 0 17,260 18,784
period

(A)
Particulars 2019-20
Transferred to right of use assets (refer note 3c) -17260

137
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(27)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27,411
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 1,688 -7,412
loss
Total Depreciation property plant and
0 1,688 -7,412
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and (A) -4,385
equipment
Total increase (decrease) through
transfers and other changes, property, -4,385
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 751 2,077
equipment
Total disposals and retirements,
0 751 2,077
property, plant and equipment
Total increase (decrease) in property,
-4,385 937 17,922
plant and equipment
Property, plant and equipment at end of
0 4,385 3,448 71,221
period

(A)
Particulars 2019-20
Transferred to right of use assets (refer note 3c) -4385

138
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(28)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 21,885 27,411 21,885
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-22,986
loss
Total Depreciation property plant and
-22,986
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
88,686 3,016 (A) 1,34,055
equipment
Total disposals and retirements,
88,686 3,016 1,34,055
property, plant and equipment
Total increase (decrease) in property,
-89,787 24,395 -1,12,170
plant and equipment
Property, plant and equipment at end of
53,299 1,43,086 1,23,041 98,646
period

(A)
Particulars 2018-19
Disposals 4156
Reclassified as asset of disposal group classified as held for sale (refer note 16a) 129899

139
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(29)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
7,412 22,986
loss
Total Depreciation property plant and
7,412 22,986
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
939 (A) 45,369
equipment
Total disposals and retirements,
939 45,369
property, plant and equipment
Total increase (decrease) in property,
6,473 -22,383
plant and equipment
Property, plant and equipment at end of
2,10,816 51,820 45,347 67,730
period

(A)
Particulars 2018-19
Deletion / Adjustments 3094
Reclassified as asset of disposal group classified as held for sale (refer note 16a) 42275

140
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(30)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 315 98 315
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-136 -212
loss
Total Depreciation property plant and
-136 -212
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
150 322 227
equipment
Total disposals and retirements,
150 322 227
property, plant and equipment
Total increase (decrease) in property,
29 -436 88
plant and equipment
Property, plant and equipment at end of
901 872 1,308 1,221
period

141
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(31)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 98
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
136 212
loss
Total Depreciation property plant and
136 212
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
638 77 316
equipment
Total disposals and retirements,
638 77 316
property, plant and equipment
Total increase (decrease) in property,
-540 59 -104
plant and equipment
Property, plant and equipment at end of
1,133 1,673 320 261
period

142
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(32)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 315 98
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-136 -212
loss
Total Depreciation property plant and
-136 -212
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
150 322
equipment
Total disposals and retirements,
150 322
property, plant and equipment
Total increase (decrease) in property,
29 -436
plant and equipment
Property, plant and equipment at end of
365 901 872 1,308
period

143
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(33)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 315 98
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
136
loss
Total Depreciation property plant and
136
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
227 (A) 638 77
equipment
Total disposals and retirements,
227 638 77
property, plant and equipment
Total increase (decrease) in property,
88 -540 59
plant and equipment
Property, plant and equipment at end of
1,221 1,133 1,673 320
period

(A)
Particulars 2018-19
Disposals 42
Reclassified as asset of disposal group classified as held for sale (refer note 16a) 596

144
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(34)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member] Vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
212 0 -62
loss
Total Depreciation property plant and
212 0 -62
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
(A) 316 0 0
equipment
Total disposals and retirements,
316 0 0
property, plant and equipment
Total increase (decrease) in property,
-104 0 -62
plant and equipment
Property, plant and equipment at end of
261 365 0 0
period

(A)
Particulars 2018-19
Deletion / Adjustments 42
Reclassified as asset of disposal group classified as held for sale (refer note 16a) 274

Disclosure of detailed information about property, plant and equipment [Table] ..(35)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 430
equipment
Total disposals and retirements,
0 430
property, plant and equipment
Total increase (decrease) in property,
0 -430
plant and equipment
Property, plant and equipment at end of
62 22 22 452
period

145
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(36)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Vehicles [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 62
loss
Total Depreciation property plant and
0 62
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 430 0
equipment
Total disposals and retirements,
0 430 0
property, plant and equipment
Total increase (decrease) in property,
0 -368 0
plant and equipment
Property, plant and equipment at end of
22 22 390 22
period

Disclosure of detailed information about property, plant and equipment [Table] ..(37)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 62
loss
Total Depreciation property plant and
0 62
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
430 0 430
equipment
Total disposals and retirements,
430 0 430
property, plant and equipment
Total increase (decrease) in property,
-430 0 -368
plant and equipment
Property, plant and equipment at end of
22 452 22 22
period

146
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(38)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Vehicles [Member] Motor vehicles [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 -62
loss
Total Depreciation property plant and
0 -62
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment
Total disposals and retirements,
0 0
property, plant and equipment
Total increase (decrease) in property,
0 -62
plant and equipment
Property, plant and equipment at end of
390 0 0 62
period

147
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(39)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0
loss
Total Depreciation property plant and
0
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 430 0
equipment
Total disposals and retirements,
0 430 0
property, plant and equipment
Total increase (decrease) in property,
0 -430 0
plant and equipment
Property, plant and equipment at end of
22 22 452 22
period

148
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(40)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
62 0 -62
loss
Total Depreciation property plant and
62 0 -62
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
430 0 0
equipment
Total disposals and retirements,
430 0 0
property, plant and equipment
Total increase (decrease) in property,
-368 0 -62
plant and equipment
Property, plant and equipment at end of
22 390 0 0
period

Disclosure of detailed information about property, plant and equipment [Table] ..(41)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 (A) 430
equipment
Total disposals and retirements,
0 430
property, plant and equipment
Total increase (decrease) in property,
0 -430
plant and equipment
Property, plant and equipment at end of
62 22 22 452
period

(A)
Particulars 2018-19
Disposals 165
Reclassified as asset of disposal group classified as held for sale (refer note 16a) 265

149
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(42)
Unless otherwise specified, all monetary values are in Lakhs of INR
Office equipment
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
[Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 879
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 62 -870
loss
Total Depreciation property plant and
0 62 -870
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 (A) 430 447
equipment
Total disposals and retirements,
0 430 447
property, plant and equipment
Total increase (decrease) in property,
0 -368 -438
plant and equipment
Property, plant and equipment at end of
22 22 390 378
period

(A)
Particulars 2018-19
Deletion / Adjustments 165
Reclassified as asset of disposal group classified as held for sale (refer note 16a) 265

150
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(43)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,122 879 1,122
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-754
loss
Total Depreciation property plant and
-754
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
640 1,055 1,213
equipment
Total disposals and retirements,
640 1,055 1,213
property, plant and equipment
Total increase (decrease) in property,
-272 -176 -91
plant and equipment
Property, plant and equipment at end of
816 1,088 3,894 4,070
period

151
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(44)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
870 754
loss
Total Depreciation property plant and
870 754
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
608 573
equipment
Total disposals and retirements,
608 573
property, plant and equipment
Total increase (decrease) in property,
262 181
plant and equipment
Property, plant and equipment at end of
4,161 3,516 3,254 3,073
period

152
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(45)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 879 1,122 879
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-870 -754
loss
Total Depreciation property plant and
-870 -754
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
447 640 1,055
equipment
Total disposals and retirements,
447 640 1,055
property, plant and equipment
Total increase (decrease) in property,
-438 -272 -176
plant and equipment
Property, plant and equipment at end of
378 816 1,088 3,894
period

153
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(46)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,122
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
870 754
loss
Total Depreciation property plant and
870 754
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
(A) 1,213 608 (B) 573
equipment
Total disposals and retirements,
1,213 608 573
property, plant and equipment
Total increase (decrease) in property,
-91 262 181
plant and equipment
Property, plant and equipment at end of
4,070 4,161 3,516 3,254
period

(A)
Particulars 2018-19
Disposals 66
Reclassified as asset of disposal group classified as held for sale (refer note 16a) 1147

(B)
Particulars 2018-19
Deletion / Adjustments 59
Reclassified as asset of disposal group classified as held for sale (refer note 16a) 514

154
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(47)
Unless otherwise specified, all monetary values are in Lakhs of INR
Office equipment
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2 5
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-11 -55
loss
Total Depreciation property plant and
-11 -55
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 4,720
equipment
Total disposals and retirements,
0 4,720
property, plant and equipment
Total increase (decrease) in property,
-9 -4,770
plant and equipment
Property, plant and equipment at end of
3,073 3,817 3,826 8,596
period

155
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(48)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2 5
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
11
loss
Total Depreciation property plant and
11
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 4,854 0
equipment
Total disposals and retirements,
0 4,854 0
property, plant and equipment
Total increase (decrease) in property,
2 -4,849 11
plant and equipment
Property, plant and equipment at end of
3,936 3,934 8,783 119
period

156
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(49)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2 5
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
55 -11 -55
loss
Total Depreciation property plant and
55 -11 -55
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
134 0 4,720
equipment
Total disposals and retirements,
134 0 4,720
property, plant and equipment
Total increase (decrease) in property,
-79 -9 -4,770
plant and equipment
Property, plant and equipment at end of
108 187 3,817 3,826
period

Disclosure of detailed information about property, plant and equipment [Table] ..(50)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2 5
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 (A) 4,854
equipment
Total disposals and retirements,
0 4,854
property, plant and equipment
Total increase (decrease) in property,
2 -4,849
plant and equipment
Property, plant and equipment at end of
8,596 3,936 3,934 8,783
period

157
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

(A)
Particulars 2018-19
Disposals 1
Reclassified as asset of disposal group classified as held for sale (refer note 16a) 4853

Disclosure of detailed information about property, plant and equipment [Table] ..(51)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other property,
plant and
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
equipment
[Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27,850
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
11 55 -9,041
loss
Total Depreciation property plant and
11 55 -9,041
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 18,316
equipment
Total increase (decrease) through
transfers and other changes, property, 18,316
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 (A) 134 9,631
equipment
Total disposals and retirements,
0 134 9,631
property, plant and equipment
Total increase (decrease) in property,
11 -79 27,494
plant and equipment
Property, plant and equipment at end of
119 108 187 27,494
period

(A)
Particulars 2018-19
Deletion / Adjustments 1
Reclassified as asset of disposal group classified as held for sale (refer note 16a) 133

158
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(52)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 597 27,850 597
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-4,151
loss
Total Depreciation property plant and
-4,151
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 22,957 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 22,957 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
7,266 12,342 19,471
equipment
Total disposals and retirements,
7,266 12,342 19,471
property, plant and equipment
Total increase (decrease) in property,
-10,820 38,465 -18,874
plant and equipment
Property, plant and equipment at end of
0 10,820 38,465 0
period

159
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(53)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
9,041 4,151
loss
Total Depreciation property plant and
9,041 4,151
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 4,641 0
equipment
Total increase (decrease) through
transfers and other changes, property, 4,641 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
2,711 12,205
equipment
Total disposals and retirements,
2,711 12,205
property, plant and equipment
Total increase (decrease) in property,
10,971 -8,054
plant and equipment
Property, plant and equipment at end of
18,874 10,971 0 8,054
period

160
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(54)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27,850 0
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
9,041
loss
Total Depreciation property plant and
9,041
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 22,957 0 4,641
equipment
Total increase (decrease) through
transfers and other changes, property, 22,957 0 4,641
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
12,342 0 2,711
equipment
Total disposals and retirements,
12,342 0 2,711
property, plant and equipment
Total increase (decrease) in property,
38,465 0 10,971
plant and equipment
Property, plant and equipment at end of
38,465 0 0 10,971
period

161
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(55)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 597
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0
loss
Total Depreciation property plant and
0
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 19,471
equipment
Total disposals and retirements,
0 0 19,471
property, plant and equipment
Total increase (decrease) in property,
0 0 -18,874
plant and equipment
Property, plant and equipment at end of
0 0 0 0
period

162
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(56)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 4,151
loss
Total Depreciation property plant and
0 4,151
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 12,205
equipment
Total disposals and retirements,
0 12,205
property, plant and equipment
Total increase (decrease) in property,
0 -8,054
plant and equipment
Property, plant and equipment at end of
18,874 0 0 8,054
period

163
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(57)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Nature of other property plant and equipment Refer to child
Refer to child member Refer to child member
others member
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27,850 597 27,850
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-9,041 -4,151
loss
Total Depreciation property plant and
-9,041 -4,151
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 18,316 0 22,957
equipment
Total increase (decrease) through
transfers and other changes, property, 18,316 0 22,957
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
9,631 7,266 12,342
equipment
Total disposals and retirements,
9,631 7,266 12,342
property, plant and equipment
Total increase (decrease) in property,
27,494 -10,820 38,465
plant and equipment
Property, plant and equipment at end of
27,494 0 10,820 38,465
period

164
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(58)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Nature of other property plant and equipment Refer to child
Refer to child member Refer to child member
others member
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 597
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
9,041 4,151
loss
Total Depreciation property plant and
9,041 4,151
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 4,641 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 4,641 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
19,471 2,711 12,205
equipment
Total disposals and retirements,
19,471 2,711 12,205
property, plant and equipment
Total increase (decrease) in property,
-18,874 10,971 -8,054
plant and equipment
Property, plant and equipment at end of
0 18,874 10,971 0
period

165
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(59)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Right-of-use assets- office Right-of-use assets- office
Nature of other property plant and equipment
building, warehouse and building, warehouse and
others others others
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27,850 0
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-9,041 0
loss
Total Depreciation property plant and
-9,041 0
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 18,316 0
equipment
Total increase (decrease) through
transfers and other changes, property, 18,316 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
9,631 0
equipment
Total disposals and retirements,
9,631 0
property, plant and equipment
Total increase (decrease) in property,
27,494 0
plant and equipment
Property, plant and equipment at end of
8,054 27,494 0 0
period

166
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(60)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Gross carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Right-of-use assets-
Right-of-use assets- office Right-of-use assets- office
Nature of other property plant and equipment office building,
building, warehouse and building, warehouse and
others warehouse and
others others
others
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27,850 0
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
9,041
loss
Total Depreciation property plant and
9,041
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and (A) 22,957 0 (B) 4,641
equipment
Total increase (decrease) through
transfers and other changes, property, 22,957 0 4,641
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
(C) 12,342 0 (D) 2,711
equipment
Total disposals and retirements,
12,342 0 2,711
property, plant and equipment
Total increase (decrease) in property,
38,465 0 10,971
plant and equipment
Property, plant and equipment at end of
38,465 0 0 10,971
period

(A)
Particulars 2019-20
Transfer in from Property, plant and equipment as on 1 April 2019 22957

(B)
Particulars 2019-20
Transfer in from Property, plant and equipment as on 1 April 2019 4641

(C)
Particulars 2019-20
Reclassified as asset held -4764
Deletions -7578

(D)

167
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Particulars 2019-20
Reclassified as asset held for sale (refer note 16a) -186
Deletions -2525

Disclosure of detailed information about property, plant and equipment [Table] ..(61)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and impairment
Carrying amount [Member]
amount [Axis] [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Nature of other property plant and equipment Right-of-use assets- office
Bottles and cases Bottles and cases
others building, warehouse and others
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 597
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 0 -4,151
loss
Total Depreciation property plant and
0 0 -4,151
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 7,266
equipment
Total disposals and retirements,
0 0 7,266
property, plant and equipment
Total increase (decrease) in property,
0 0 -10,820
plant and equipment
Property, plant and equipment at end of
0 0 0 0
period

168
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(62)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Nature of other property plant and equipment
Bottles and cases Bottles and cases
others
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 597
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 (A) 19,471
equipment
Total disposals and retirements,
0 19,471
property, plant and equipment
Total increase (decrease) in property,
0 -18,874
plant and equipment
Property, plant and equipment at end of
10,820 0 0 18,874
period

(A)
Particulars 2018-19
Disposals 204
Reclassified as asset of disposal group classified as held for sale (refer note 16a) 19267

Disclosure of detailed information about property, plant and equipment [Table] ..(63)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property, plant and equipment
[Abstract]
Disclosure of detailed information about property, plant and
equipment [Line items]
Nature of other property plant and equipment others Bottles and cases Bottles and cases
Reconciliation of changes in property, plant and equipment
[Abstract]
Changes in property, plant and equipment [Abstract]
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss 0 4,151
Total Depreciation property plant and equipment 0 4,151
Disposals and retirements, property, plant and equipment
[Abstract]
Disposals, property, plant and equipment 0 (A) 12,205
Total disposals and retirements, property, plant and
0 12,205
equipment
Total increase (decrease) in property, plant and equipment 0 -8,054
Property, plant and equipment at end of period 0 0 8,054

169
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

(A)
Particulars 2018-19
Deletion / Adjustments 204
Reclassified as asset of disposal group classified as held for sale (refer note 16a) 12001

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019
to
31/03/2020
Textual information (42)
Disclosure of property, plant and equipment [TextBlock] [See below]
Disclosure of detailed information about property, plant and equipment
[TextBlock]

170
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (42)

Disclosure of property, plant and equipment [Text Block]

(All amounts stated in Rs. lakh, unless otherwise stated)

Note 3 : Property, plant and equipment and capital work-in-progress

3a. Property,plant and equipment

Reconciliation of carrying amount

Leasehold Bottles and

Particulars Freehold Leasehold Buildings
improvement cases

land1 land

Balance as at 1 April 2018 5,704 4,829 55,831 8,783 18,874

Additions - 4,717 2,323 5 597

Disposals - -67 -57 -1 -204

Reclassified as asset of disposal group classified as

-2,326 -3,782 -39,439 -4,853 -19,267
held

for sale (refer note 16a)

Balance as at 31 March 2019 3,378 5,697 18,658 3,934 -

Transferred to right of use assets (refer note 3c) - -5,697 - - -

Reclassified as investment property (refer note 4) -2,666 - - - -

Additions - - 1,566 2 -

Disposals - - -635 - -

Balance as at 31 March 2020 712 - 19,589 3,936 -

Accumulated depreciation and impairment

Balance as at 1 April 2018 - 567 7,224 187 8,054

171
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Depreciation for the year - 247 3,171 55 4,151

Deletion / Adjustments - -18 -31 -1 -204

Reclassified as asset of disposal group classified as

- -540 -6,222 -133 -12,001
held

for sale (refer note 16a)

Balance as at 31 March 2019 - 256 4,142 108 -

Transferred to right of use assets (refer note 3c) - -256 - - -

Depreciation for the year - - 1,444 11 -

Deletion / Adjustments - - -321 - -

Balance as at 31 March 2020 - - 5,265 119 -

Carrying amount (net)

Balance as at 31 March 2019 3,378 5,441 14,516 3,826 -

Balance as at 31 March 2020 712 - 14,324 3,817 -

Plant and Plant and equipment under Furniture and Office

Particulars Vehicles Total
equipment 2 Finance Lease 3 fixtures equipment2

Balance as at 1 April 2018 2,10,816 18,784 1,673 452 4,161 3,29,907

Additions 21,885 - 98 - 1,122 30,747

Disposals -4,156 -1,524 -42 -165 -66 -6,282

Reclassified as asset of disposal

-1,29,899 - -596 -265 -1,147 -2,01,574
group classified as held

for sale (refer note 16a)

Balance as at 31 March 2019 98,646 17,260 1,133 22 4,070 1,52,798

Transferred to right of use assets

172
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

(refer note 3c) - -17,260 - - - -22,957

Reclassified as investment property

- - - - - -2,666
(refer note 4)

Additions 27,411 - 315 - 879 30,173

Disposals -3,016 - -227 - -1,055 -4,933

Balance as at 31 March 2020 1,23,041 - 1,221 22 3,894 1,52,415

Accumulated depreciation and

impairment

Balance as at 1 April 2018 67,730 3,448 365 390 3,073 91,038

Depreciation for the year 22,986 1,688 212 62 754 33,326

Deletion / Adjustments -3,094 -751 -42 -165 -59 -4,365

Reclassified as asset of disposal

-42,275 - -274 -265 -514 -62,224
group classified as held

for sale (refer note 16a)

Balance as at 31 March 2019 45,347 4,385 261 22 3,254 57,775

Transferred to right of use assets

- -4,385 - - - -4,641
(refer note 3c)

Depreciation for the year 7,412 - 136 - 870 9,873

Deletion / Adjustments -939 - -77 - -608 -1,945

Balance as at 31 March 2020 51,820 - 320 22 3,516 61,062

Carrying amount (net)

Balance as at 31 March 2019 53,299 12,875 872 - 816 95,023

Balance as at 31 March 2020 71,221 - 901 - 378 91,353

Notes:

1. Transfer of ownership in the Company's name is pending for 14 acres of freehold land having gross block and net block of
Rs.55 as on 31 March 2019 at Mamandur Plant. Further, transfer of ownership in the Company's name is pending for the entire
freehold land having gross block and net block of Rs.2,666 as on 31 March 2019 at Mahul Plant. During the year 2019-20,
Mamundar land has been sold to Varun Beverages Limited (VBL) via Slump Sale (refer note 49). Also, land at Mahul plant has
been given on lease to VBL from 1 May 2019. Hence, the same has been classified as Investment property.

173
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

2. Includes assets owned by the Company which are held by third party on a right to use basis having gross block of Rs. 1,909
(31 March 2019- Rs. 3,128) and net book value of Rs 725 (31 March 2019- Rs. 1,179).

3. Plant and equipment held under finance leases:

The Company had acquired production equipments under a number of finance lease agreements. Some leases provided the
Company with an option to purchase the equipment at the end of lease term at a beneficial price. As at 31 March 2019, Five of
the leases were an arrangement that are not in the legal form of a lease, but is accounted for as such based on its terms and
conditions. The useful life of the agreements are ranging between 10 to 15 years. During the current year, the same has been
transferred to right of use assets (refer note 3c).

(All amounts stated in Rs. lakh, unless otherwise stated)

Note 3b. Capital work-in-progress

The Changes in carrying value of capital work in progress for the year ended 31 March 2019 and 31 March 2020 are as follows:

Particulars As at As at

31-Mar-20 31-Mar-19

Gross carrying amount

Balance as at the beginning of the year 4,403 10,450

Addition during the year 33,272 26,733

Transferred to property, plant and equipment -29,462 -29,930

Transferred to assets of disposal group classified as held for sale (refer note 16a) - -2,850

Balance as at the closing of the year 8,213 4,403

174
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[612100] Notes - Impairment of assets

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (43)
Disclosure of impairment of assets [TextBlock] [See below]
Disclosure of impairment loss and reversal of impairment loss [TextBlock]
Whether there is any impairment loss or reversal of impairment loss
No No
during the year
Disclosure of information for impairment loss recognised or reversed
for individual Assets or cash-generating unit [TextBlock]
Whether impairment loss recognised or reversed for individual Assets
No No
or cash-generating unit

175
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (43)

Disclosure of impairment of assets [Text Block]

(All amounts stated in Rs. lakh, unless otherwise stated)

Note 44 - Impairment of goodwill

Cash generating unit (CGU) - beverages

The Company has identified its reportable segments, i.e. 'Foods' and 'Beverages' as two Cash Generating Units (CGUs). The
total carrying amount of goodwill as at 31 March 2020 is Rs. 81,589 lakh (31 March 2019: Rs. 81,589 lakh). The same was
acquired through business combination of beverage business and has been entirely allocated to Beverages CGU.

The goodwill is tested for impairment annually and as the recoverable amount exceeds the carrying amount no impairment loss
is required for the year.

The recoverable amount of the cash generating unit (CGU) is determined based on value-in-use. The calculations use cash flow
projections based on financial budgets approved by management covering a five-year period before applying a declining growth
of 1% for next five years and fixed terminal value multiple to the final year cash flows. The values assigned to the key
assumptions represent management's assessment of future trends in the industry and have been based on historical data from
both internal and external sources.

Following key assumptions were considered while performing impairment testing of Beverages CGU:

Assumptions % %

As at As at

31-Mar-20 31-Mar-19

Pre-tax discount rate 10.60% 11.70%

Gross revenue - growth rate [CAGR] 2.50% 4.29%

Gross Profit Ratio [Average] 83.09% 61.68%

Management has determined the values assigned to each of the above key assumptions as follows:

Assumptions Approach used to determine values

Annual growth rate over the five-year forecast period based on past performance and management’s future
Gross revenue
expectations

Gross profit Gross profit as a % of net revenue is based on past performance and management’s expectations for the future

Long term This is the weighted average growth rate used to extrapolate cash flows beyond the budget period. The rates are
growth rate consistent with forecasts included in industry reports.

176
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Pre-tax Weighted Average Cost of Capital (WACC) computed as per Capital Asset Pricing Model (CAPM) model.
discount rate

Management has performed sensitivity analysis around the base assumptions and have concluded that no reasonable change in
any key assumption would cause the recoverable amount of the CGU to be less than its carrying value.

During the year ended 31 March 2019, the management of the Company, pursuant to a Business Transfer Agreement dated 18
February 2019, divested on a going concern slump sale basis its undertakings(s) located in South and West territory of India
engaged in the manufacturing, marketing, distribution and selling of soft drink beverages and syrup mix to Varun Beverages
Limited on 1 May 2019 and 31 May 2019 respectively. (refer note : 49)

Therefore, the management has taken only concentrate business cashflow for testing the impairment on goodwill for the year
ended 31 March 2019 and 31 March 2020.

[400700] Notes - Investment property

Disclosure of detailed information about investment property [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Type of investment property [Axis] 1
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about
investment property at cost [Abstract]
Disclosure of detailed information about
investment property [Line items]
Nature of investment property FREEHOLD LAND FREEHOLD LAND FREEHOLD LAND
Reconciliation of changes in investment
property [Abstract]
Changes in investment property [Abstract]
Additions other than through business
combinations, investment property
[Abstract]
Additions from subsequent expenditure
recognised as Assets, investment 2,666
property
Total additions other than through
business combinations, investment 2,666
property
Depreciation, investment property 0
Disposals, investment property 218 177
Total increase (decrease) in investment
2,448 0 -177
property
Investment property at end of period 2,899 451 451 0

177
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about investment property [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Type of investment property [Axis] 1
Accumulated depreciation and
Carrying amount accumulated depreciation and gross carrying amount [Axis]
impairment [Member]
01/04/2018
to 31/03/2018
31/03/2019
Disclosure of detailed information about investment property at cost [Abstract]
Disclosure of detailed information about investment property [Line items]
Nature of investment property FREEHOLD LAND
Reconciliation of changes in investment property [Abstract]
Changes in investment property [Abstract]
Depreciation, investment property 134
Total increase (decrease) in investment property 134
Investment property at end of period 177 43

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (44)
Disclosure of investment property [TextBlock] [See below]
Disclosure of detailed information about investment property [TextBlock]
straight-line straight-line
Depreciation method, investment property, cost model method method
over the useful lives as over the useful lives as
Useful lives or depreciation rates, investment property, cost model mentioned in Part C of mentioned in Part C of
Schedule II of the Act. Schedule II of the Act.

178
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (44)

Disclosure of investment property [Text Block]

Note 4. Investment property

A. Reconciliation of carrying amount

Particulars Amount

Cost (gross carrying amount)

Balance as at 1 April 2018 451

Balance as at 31 March 2019 451

Additions 2,666

Deletions -218

Balance as at 31 March 2020 2,899

Accumulated depreciation

Reclassification to assets as held for sale

Balance as at 1 April 2018 43

Depreciation for the year 134

Balance as at 31 March 2019 177

Deletion for the year -177

Balance as at 31 March 2020 -

179
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Net book value

Balance as at 31 March 2019 274

Balance as at 31 March 2020 2,899

Fair value

Balance as at 31 March 2019 2,703

Balance as at 31 March 2020 26,662

B. Measurement of fair values

The fair value of investment property has been determined by external, independent property valuers, having appropriate
recognised professional qualifications and recent experience in the location and category of the property being valued.

Fair valuation of Investment property is based on market rate technique. While applying the market rate technique, consideration
has been given to guideline values fixed by the registration department alongwith certain weightage to the area and location of
the property.

C. Amount recognised in profit and loss for Investment property

Particulars As at As at

31-Mar-20 31-Mar-19

Rental income from Investment property 1,478 -

Profit from Investment property before depreciation 1,478 -

Depreciation during the year - 134

Profit/(loss) from Investment property 1,478 -134

180
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[400800] Notes - Goodwill

Disclosure of reconciliation of changes in goodwill [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Carrying amount accumulated amortization and impairment and gross
Carrying amount [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2019 01/04/2018
31/03/2020 31/03/2019 to to
31/03/2020 31/03/2019
Disclosure of reconciliation of changes in goodwill
[Abstract]
Disclosure of reconciliation of changes in goodwill
[Line items]
Changes in goodwill [Abstract]
Increase (decrease) through transfers and
other changes, Goodwill [Abstract]
Increase (decrease) through other changes,
0 0
goodwill
Total increase (decrease) through
0 0
transfers and other changes, goodwill
Total increase (decrease) in goodwill 0 0
Goodwill at end of period 81,589 81,589 81,589 81,589

Disclosure of reconciliation of changes in goodwill [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Carrying amount accumulated amortization and impairment and gross Gross carrying
Accumulated amortization and impairment [Member]
carrying amount [Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of reconciliation of changes in goodwill
[Abstract]
Disclosure of reconciliation of changes in goodwill
[Line items]
Changes in goodwill [Abstract]
Increase (decrease) through transfers and
other changes, Goodwill [Abstract]
Increase (decrease) through other changes,
0 0
goodwill
Total increase (decrease) through
0 0
transfers and other changes, goodwill
Total increase (decrease) in goodwill 0 0
Goodwill at end of period 81,589 0 0 0

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019
to 31/03/2019
31/03/2020
Textual information (45)
Disclosure of goodwill [TextBlock] [See below]
Disclosure of reconciliation of changes in goodwill [Abstract]
Changes in goodwill [Abstract]
Increase (decrease) through transfers and other changes, Goodwill
[Abstract]
Goodwill at end of period 81,589 81,589

181
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (45)

Disclosure of goodwill [Text Block]

Note 5. Goodwill and other intangible assets

Particulars Goodwill (1) Computer software

Cost or deemed cost

Balance as at 1 April 2018 81,589 996

Balance as at 31 March 2019 81,589 996

Balance as at 31 March 2020 81,589 996

Accumulated amortisation and impairment losses

Particulars Goodwill Computer software

Balance as at 1 April 2018 - 839

Amortisation/ Impairment for the year - 67

Balance as at 31 March 2019 - 906

Amortisation/ Impairment for the year - 89

Balance as at 31 March 2020 - 996

Net book value

Balance as at 31 March 2019 81,589 89

Balance as at 31 March 2020 81,589 -

Note :

1. For details with respect to Goodwill, refer note 44.

182
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[400900] Notes - Other intangible assets

Disclosure of detailed information about other intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and gross
Carrying amount [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2019 01/04/2018
31/03/2020 31/03/2019 to to
31/03/2020 31/03/2019
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Total increase (decrease) in Other
0 0
intangible assets
Other intangible assets at end of period 0 89 996 996

Disclosure of detailed information about other intangible assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and gross Gross carrying
Accumulated amortization and impairment [Member]
carrying amount [Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 89 67
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through other
0 1
changes
Total increase (decrease) through
transfers and other changes, Other 0 1
intangible assets
Total increase (decrease) in Other
89 68
intangible assets
Other intangible assets at end of period 996 996 907 839

183
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about other intangible assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and gross Gross carrying
Carrying amount [Member]
carrying amount [Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets -89 -67
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through other
0 -1
changes
Total increase (decrease) through
transfers and other changes, Other 0 -1
intangible assets
Total increase (decrease) in Other
-89 -68 0
intangible assets
Other intangible assets at end of period 0 89 157 996

Disclosure of detailed information about other intangible assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and gross Accumulated amortization and
Gross carrying amount [Member]
carrying amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 89 67
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through other
0 1
changes
Total increase (decrease) through
transfers and other changes, Other 0 1
intangible assets
Total increase (decrease) in Other
0 89 68
intangible assets
Other intangible assets at end of period 996 996 996 907

184
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about other intangible assets [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Internally
generated and
other than
Sub classes of other intangible assets [Axis] internally Intangible assets other than internally generated [Member]
generated
intangible assets
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and gross amortization and
Carrying amount [Member]
carrying amount [Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets -89 -67
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through other
0 -1
changes
Total increase (decrease) through
transfers and other changes, Other 0 -1
intangible assets
Total increase (decrease) in Other
-89 -68
intangible assets
Other intangible assets at end of period 839 0 89 157

Disclosure of detailed information about other intangible assets [Table] ..(6)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Accumulated
Carrying amount accumulated amortization and impairment and gross amortization and
Gross carrying amount [Member]
carrying amount [Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 89
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through other
0
changes
Total increase (decrease) through
transfers and other changes, Other 0
intangible assets
Total increase (decrease) in Other
0 0 89
intangible assets
Other intangible assets at end of period 996 996 996 996

185
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about other intangible assets [Table] ..(7)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Intangible assets other than internally
Sub classes of other intangible assets [Axis]
generated [Member]
Accumulated amortization and
Carrying amount accumulated amortization and impairment and gross carrying amount [Axis]
impairment [Member]
01/04/2018
to 31/03/2018
31/03/2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 67
Increase (decrease) through transfers and other changes, other intangible
assets [Abstract]
Increase (decrease) through other changes 1
Total increase (decrease) through transfers and other changes, Other
1
intangible assets
Total increase (decrease) in Other intangible assets 68
Other intangible assets at end of period 907 839

Disclosure of additional information about other intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Internally generated and other than
Intangible assets other than internally
Sub classes of other intangible assets [Axis] internally generated intangible assets
generated [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about other
intangible assets [Abstract]
Disclosure of additional information about
other intangible assets [Line items]
Refer to child
Amortisation method, other intangible assets member
Refer to child member Straight line method Straight line method

Useful lives or amortisation rates, other Refer to child

Refer to child member 5 years 5 years
intangible assets member
Whether other intangible assets are stated at
No No No No
revalued amount

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (46)
Disclosure of other intangible assets [TextBlock] [See below]
Disclosure of detailed information about other intangible assets
[TextBlock]
Disclosure of intangible assets with indefinite useful life [TextBlock]
Whether there are intangible assets with indefinite useful life No No

186
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (46)

Disclosure of other intangible assets [Text Block]

Note 5. Goodwill and other intangible assets

Particulars Goodwill (1) Computer software

Cost or deemed cost

Balance as at 1 April 2018 81,589 996

Balance as at 31 March 2019 81,589 996

Balance as at 31 March 2020 81,589 996

Accumulated amortisation and impairment losses

Particulars Goodwill Computer software

Balance as at 1 April 2018 - 839

Amortisation/ Impairment for the year - 67

Balance as at 31 March 2019 - 906

Amortisation/ Impairment for the year - 89

Balance as at 31 March 2020 - 996

Net book value

Balance as at 31 March 2019 81,589 89

Balance as at 31 March 2020 81,589 -

Note :

1. For details with respect to Goodwill, refer note 44.

187
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[401000] Notes - Biological assets other than bearer plants

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of biological assets, agriculture produce at point of
harvest and government grants related to biological assets
[TextBlock]
Depreciation method, biological assets other than bearer plants, at cost NA
NA

Useful lives or depreciation rates, biological assets other than bearer

NA NA
plants, at cost

[611100] Notes - Financial instruments

Disclosure of financial liabilities [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial liabilities [Axis] Financial liabilities at amortised cost, class [Member]
Financial liabilities at amortised cost,
Categories of financial liabilities [Axis] Financial liabilities, category [Member]
category [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial liabilities [Abstract]
Disclosure of financial liabilities [Line items]
Financial liabilities 1,14,846 1,20,679 (A) 1,14,846 (B) 1,20,679
Financial liabilities, at fair value 0 0 0 0

Footnotes
(A)
Particulars 2019-20
Lease liabilities (1) 16909
Other financial liabilities(2) 507
Trade payables(1) 86799
Lease liabilities(1) 9224
Payable to employees(1) 231
Creditors for purchase of property, plant and equipment(1) 1176

(B)
Particulars 2018-19
Lease liabilities (1) 9897
Other financial liabilities(2) 388
Trade payables(1) 106363
Lease liabilities (1) 3424
- Payable to employees(1) 410
- Creditors for purchase of property, plant and equipment(1) 197

188
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of financial assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Financial assets at amortised cost, class
Classes of financial assets [Axis] Trade receivables [Member]
[Member]
Categories of financial assets [Axis] Financial assets, category [Member] Financial assets, category [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1,88,428 83,700 36,086 44,512
Financial assets, at fair value 0 0 0 0
Description of other financial assets at Refer to child Refer to child
Refer to child member Refer to child member
amortised cost class member member

Disclosure of financial assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other financial assets at amortised cost
Classes of financial assets [Axis] Trade receivables [Member]
class [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets (A) 36,086 44,512 1,52,342 39,188
Financial assets, at fair value 0 0 0 0
Description of other financial assets at Refer to child
Trade receivables(1) Trade receivables(1) Refer to child member
amortised cost class member

Footnotes
(A)
Particulars 2019-20
Trade receivables(1)- Current 27025
Trade receivables(1)- Non Current 9061

Disclosure of financial assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Other financial assets at amortised cost class 1 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 16 10,666 16 10,666
Financial assets, at fair value 0 0 0 0
Financial assets -
Financial assets - Non
Description of other financial assets at Refer to child N o n
Refer to child member current-Investments
amortised cost class member current-Investments
(1)
(1)

189
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of financial assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Other financial assets at amortised cost class 2 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 2,057 1,362 2,057 1,362
Financial assets, at fair value 0 0 0 0
Financial assets -
Description of other financial assets at Refer to child Financial assets - Non
Refer to child member Non current-Loans
amortised cost class member current-Loans (1)
(1)

Disclosure of financial assets [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Other financial assets at amortised cost class 3 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 0 0 0 0
Financial assets, at fair value 0 0 0 0
Financial assets - Financial assets - Non
Description of other financial assets at Refer to child
Refer to child member Non current-Other current-Other
amortised cost class member
financial assets (1) financial assets (1)

Disclosure of financial assets [Table] ..(6)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Other financial assets at amortised cost class 4 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1,49,164 25,011 1,49,164 25,011
Financial assets, at fair value 0 0 0 0
Description of other financial assets at Refer to child Cash and cash Cash and cash
Refer to child member
amortised cost class member equivalents(1) equivalents(1)

Disclosure of financial assets [Table] ..(7)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Other financial assets at amortised cost class 5 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 2 2 2 2
Financial assets, at fair value 0 0 0 0
Bank balances other Bank balances other
Description of other financial assets at Refer to child than cash and cash than cash and cash
Refer to child member
amortised cost class member equivalents equivalents mentioned
mentioned above(1) above(1)

190
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of financial assets [Table] ..(8)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Other financial assets at amortised cost class 6 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1,103 1,856 1,103 1,856
Financial assets, at fair value 0 0 0 0
Description of other financial assets at Refer to child Financial assets - Financial assets -
Refer to child member
amortised cost class member Current- Loans (1) Current- Loans (1)

Disclosure of financial assets [Table] ..(9)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Other financial assets at amortised cost class 7 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 0 195.5 0 195.5
Financial assets, at fair value 0 0 0 0
Description of other financial assets at Refer to child - Advances to - Advances to related
Refer to child member
amortised cost class member related parties(1) parties(1)

Disclosure of financial assets [Table] ..(10)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Other financial assets at amortised cost class 8 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 0 95.5 0 95.5
Financial assets, at fair value 0 0 0 0
Description of other financial assets at Refer to child - Other receivables
Refer to child member - Other receivables (1)
amortised cost class member (1)

191
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019
to
31/03/2020
Textual information (47)
Disclosure of financial instruments [TextBlock] [See below]
Disclosure of financial assets [TextBlock]
Disclosure of financial assets [Abstract]
Disclosure of financial liabilities [TextBlock]
Disclosure of financial liabilities [Abstract]
Disclosure of credit risk [TextBlock]
Disclosure of reconciliation of changes in loss allowance and
explanation of changes in gross carrying amount for financial
instruments [TextBlock]
Disclosure of reconciliation of changes in loss allowance
and explanation of changes in gross carrying amount for
financial instruments [Abstract]
Disclosure of credit risk exposure [TextBlock]
Disclosure of credit risk exposure [Abstract]
Disclosure of provision matrix [TextBlock]
Disclosure of provision matrix [Abstract]
Disclosure of financial instruments by type of interest rate [TextBlock]
Disclosure of financial instruments by type of interest rate [Abstract]

192
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (47)

Disclosure of financial instruments [Text Block]

Note 37: Financial instruments

A. Accounting classifications and fair values

The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in
the fair value hierarchy.

(i) As on 31 March 2020

Fair value
Carrying
Particulars Notes measurement
value
using

Amortised Level
FVTPL FVOCI Total Level 1 Level 2
cost 3

Financial assets - Non current

Investments - cost (1) 6a - - 16 16 -

- -

Loans (1) 7a - - 2,057 2,057 -

- -

Trade receivables(1) 11a - - 9,061 9,061 -

- -

Financial assets - Current

Investments

- Investment in equity shares- quoted 6b 0* - - - 0*

- -

Trade receivables(1) 11 - - 27,025 27,025 -

- -

Cash and cash equivalents(1) 12 - - 1,49,164 1,49,164 -

- -

Other bank balances(1) 13 - - 2 2 -

- -

Loans (1) - - 1,103 1,103 -

- -

193
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total 0* - 1,88,428 1,88,428 0* - -

Financial liabilities - Non current

Lease liabilities (1) 19a - - 16,909 16,909 -

- -

Other financial liabilities(2) 20a - - 507 507 -

- -

-
- -

Financial liabilities - Current -

- -

Trade payables(1) 21 - - 86,799 86,799 -

- -

Lease liabilities(1) 19b - - 9,224 9,224 -

- -

Payable to employees(1) 20b - - 231 231 -

- -

Creditors for purchase of property, plant and

20b - - 1,176 1,176 -
equipment(1) - -

Total - - 1,14,845 1,14,845 -

- -

* Amount is below rounding off threshold

adopted by the Company

(ii) As on 31 March 2019

Fair value
Carrying
Particulars Notes measurement
value
using

Amortised Level
FVTPL FVOCI Total Level 1 Level 2
cost 3

Financial assets - Non current

Investments - cost (1) 6a - - 10,666 10,666 -

- -

Loans (1) 7a - - 1,362 1,362 -

- -

Financial assets – Current

Investments

194
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

- Investment in equity shares- quoted 6b 0* - - - 0* - -

Trade receivables(1) 11 - - 44,512 44,512 -

- -

Cash and cash equivalents(1) 12 - - 25,011 25,011 -

- -

Other bank balances(1) 13 - - 2 2 -

- -

Loans (1) 7b - - 1,856 1,856 -

- -

Advances to related parties(1) 14 - - 195 195 -

- -

Other receivables (1) 14 - - 95 95 -

- -

Total 0* - 83,699 83,699 0*

- -

Financial liabilities - Non current

Lease liabilities (1) 19a - - 9,897 9,897 -

- -

Other financial liabilities(2) 20a - - 388 388 -

- -

Financial liabilities – Current

Lease liabilities (1) 19b - - 3,424 3,424 -

- -

Trade payables(1) 21 - - 1,06,363 1,06,363 -

- -

Payable to employees(1) 20b - - 410 410 -

- -

Creditors for purchase of property, plant and

20b - - 197 197 -
equipment(1) - -

Total - - 1,20,679 1,20,679 -

- -

* Amount is below rounding off threshold adopted by the Company

1. The carrying value of these financial assets and financial liabilities approximates the fair values.

2. These are deposits received from distributors and do not have a contractual re-payment term but are repayable on demand.
As repayment terms are not defined and these deposits are repayable as and when demanded by distributors, the same is
measured at their carrying value.

195
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Valuation technique used to determine fair value

Specific valuation techniques used to value financial instruments include:

- the fair value of investment in quoted investment in equity shares is based on the current bid price of respective investment as
at the Balance Sheet date.

- the fair value of the derivative financial instruments is based on mark-to-market as at the Balance Sheet date.

- the fair value of the remaining financial instruments is determined using discounted cash flow method.

B. Financial risk management

The Company has exposure to the following risks arising from financial instruments:

- Credit risk

- Liquidity risk ;

- Market risk - Foreign currency

- Market risk - Interest rate

(i) Risk management framework

The Company’s board of directors has overall responsibility for the establishment and oversight of the Company’s risk
management framework.

The Company’s risk management policies are established to identify and analyse the risks faced by the Company to set
appropriate risks limits and controls and to monitor risks and adherence to limits. Risk management policies are reviewed
regularly to reflect changes in market conditions and the Company’s activities. The Company through its training and
management standards and procedures, aims to maintain a disciplined and constructive control environment in which all
employees understand their roles and obligations.

(ii) Credit risk

The maximum exposure to credit risks is represented by the total carrying amount of these financial assets in the Balance Sheet:

Particulars As at As at

31-Mar-20 31-Mar-19

Investments 16 10,666

196
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Trade receivables 36,086 44,512

Cash and cash equivalents 1,49,164 25,011

Bank balances other than cash and cash equivalents mentioned above 2 2

Loans 3,159 3,218

Other financial assets - 291

Credit risk is the risk of financial loss to the Company if a customer or counter-party fails to meet its contractual obligations.

Credit risk on cash and cash equivalents and bank deposits is limited as the Company generally deals with banks with high credit
ratings assigned by domestic credit rating agencies. Investments primarily include investment in subsidiaries, joint venture and
associates. The loans primarily represents interest free security deposits refundable on the completion of the term as per the
contract. The credit risk associated with such deposits is relatively low.

The Company uses expected credit loss model to assess the impairment loss. The Company uses a provision matrix to compute
the expected credit loss allowance for trade receivables. The provision matrix takes into account available internal credit risk
factors such as the Company’s historical experience for customers. Based on the business environment in which the Company
operates, management considers that the trade receivables are in default (credit impaired) if the payments are more than 180
days past due.

Gross trade receivables as at year end primarily includes Rs.33,350 (31 March 2019: Rs. 24,653) pertaining to related parties
and Rs.7,441 (31 March 2019: Rs. 22,604) pertaining to others.

The Company based upon past trends determine an impairment allowance for loss on receivables.

The following table provides information about the exposure to credit risk and expected credit loss for trade receivables:

As at 31 As at 31
March 2020 March 2019

Gross Gross
Expected Carrying amount (net of Expected Carrying amount (net of
Particulars carrying carrying
credit losses expected credit losses) credit losses expected credit losses)
amount amount

From related
33,350 2,836 30,514 24,653 - 24,653
parties

From others

Not due 2,073 72 2,001 15,600 542 15,058

1-90 days past

3,925 354 3,571 5,164 363 4,801
due

91-180 days
473 473 - 724 724 -
past due

More than 180

970 970 - 1,116 1,116 -
days past due

197
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

40,791 4,705 36,086 47,257 2,745 44,512

The movement in the allowance for impairment in respect of trade receivables is as follows:

Particulars As at As at

31-Mar-20 31-Mar-19

Balance as at beginning of the year 2,746 2,211

Amounts written off during the year - -

Remeasurement of loss allowance 1,959 535

Balance as at the end of the year 4,705 2,746

(iii) Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities
that are settled by delivering cash or another financial asset. The Company’s approach to manage liquidity is to ensure, as far as
possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions,
without incurring unacceptable losses or risking damage to the Company’s reputation.

The Company aims to maintain the level of its cash and cash equivalents and other highly marketable equity investments at an
amount in excess of expected cash outflows on financial liabilities (other than trade payables) over the next six months. The
Company also monitors the level of expected cash inflows on trade receivables and loans together with expected cash outflows
on trade payables and other financial liabilities.

Exposure to liquidity risk

The following are the remaining contractual maturities of financial liabilities at the reporting date. The contractual cash flow
amounts are gross and undiscounted:

Less than one Between one and three More than three
31-Mar-20 Notes Carrying Total
year years years

amount

19a and
Lease liabilities 26,133 9,225 9,530 7,378 26,133
19b

(including current
maturities)

Trade payables 21 86,799 86,799 - - 86,799

Deposits from distributors* 20a 507 - - 507 507

Other financial liabilities 20b 1,407 1,407 - - 1,407

1,14,846 97,431 9,530 7,885 1,14,846

198
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Less than one Between one and three More than three
31-Mar-19 Notes Carrying Total
year years years

amount

19a and
Lease liabilities 13,321 3,424 5,660 4,237 13,321
19b

(including current
maturities)

Trade payables 21 1,06,363 1,06,363 - - 1,06,363

Deposits from distributors* 20a 388 - - 388 388

Other financial liabilities 20b 608 608 - - 608

1,20,680 1,10,395 5,660 4,625 1,20,680

* These are deposits received from distributors and do not have a contractual re-payment term but are repayable on demand. As
repayment terms are not defined and these deposits are repayable as and when demanded by distributors. Since it is not
expected that distributor will claim refund during the course of operations of business, the maturity period for the same is
considered to be more than three years.

(iv) Market risk

Market risk is the risk that the future cash flows of a financial instrument will fluctuate because of changes in market prices.
Market risk comprises two types of risk namely: currency risk and interest rate risk. The objective of market risk management is
to manage and control market risk exposures within acceptable parameters, while optimising the return.

(a) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in
market interest rates. In order to balance the Company’s position with regards to interest income and interest expense and to
manage the interest rate risk, treasury performs comprehensive interest rate risk management. The Company is not exposed to
significant interest rate risk as at the respective reporting dates.

(b) Currency risk

Currency risk is the risk that the future cash flows of a financial instrument will fluctuate because of changes in foreign exchange
rates. The Company is exposed to the effects of fluctuation in the prevailing foreign currency exchange rates on its financial
position and cash flows. Exposure arises primarily due to exchange rate fluctuations between the functional currency and other
currencies from the Company’s operating, investing and financing activities.

Unhedged exposure to foreign currency risk

The Company‘s exposure in respect of foreign currency denominated financial liabilities not hedged as at 31 March 2020 and 31
March 2019 by derivative instruments or others as follows:

199
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

As at 31
As at 31
March
March 2020
2019

Amount
Amount in
in
Currency foreign Amount Amount
foreign
currency
currency

EUR 0.85 70.98 3.82 296.97

USD 24.61 1,854.06 15.9 1,102.25

GBP 0.38 35.49 16.33 1,473.80

IDR 988.41 4.65 0.03 0

The Company‘s exposure in respect of foreign currency denominated financial assets

not hedged as at 31 March 2020 and 31 March 2019 by derivative instruments or
others as follows:

As at 31
As at 31
March
March 2020
2019

Amount
Amount in
in
Currency foreign Amount Amount
foreign
currency
currency

USD 257.27 19,377.70 100.47 6,964.28

BDT 5.46 4.58 5.46 7.42

AUD 14.97 690.44 -

-

GBP 6.34 593.75 -

-

EUR 0.02 1.9 -

-

Sensitivity analysis

A reasonably possible strengthening (weakening) of the Indian Rupee against below currencies at 31 March 2020 and 31 March
2019 would have affected the measurement of financial instruments denominated in foreign currency and affected Statement of

200
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Profit and Loss by the amounts shown below. This analysis is performed on foreign currency denominated monetary financial
assets and financial liabilities outstanding as at the year end. This analysis assumes that all other variables, in particular interest
rates, remain constant.

Particulars Statement of Statement of

Profit and Loss Profit and Loss

for the year for the year

ended ended

31-Mar-20 31-Mar-19

1% depreciation/ appreciation in Indian Rupees Gain/ (loss) on Gain/(loss) on Gain/(loss) on Gain/(loss) on

against following foreign currencies: appreciation depreciation appreciation depreciation

USD 175.24 -175.24 58.62 -58.62

IDR -0.05 0.05 - -

AUD 6.9 -6.9 - -

EUR -0.69 0.69 -2.97 2.97

BDT 0.05 -0.05 - -

GBP 5.58 -5.58 14.74 -14.74

187.04 -187.04 70.39 -70.39

USD: United States Dollar, GBP: Great British Pound, EUR: Euro, AUD: Australian Dollar, BDT: Bangladeshi Taka and IDR: Indonesian
Rupiah.

201
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[400400] Notes - Non-current investments

Details of non-current investments [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of non-current investments [Axis] 1 2
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Non-current investments [Abstract]
Disclosure of details of non-current investments
[Abstract]
Details of non-current investments [Line items]
Investment in other Investment in other Investment in other Investment in other
Type of non-current investments Indian companies Indian companies Indian companies Indian companies
equity instruments equity instruments equity instruments equity instruments
Class of non-current investments Other investments Other investments Other investments Other investments
Nature of non-current investments Unquoted Unquoted Unquoted Unquoted
Non-current investments 9 9 1 1
Name of body corporate in whom investment has Pearl Drinks Pearl Bottling Pearl Bottling Private
Pearl Drinks Limited
been made Limited Private Limited Limited
Number of shares of non-current investment
[shares] 88,400 [shares] 88,400 [shares] 1,000 [shares] 1,000
made in body corporate

Details of non-current investments [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of non-current investments [Axis] 3 4
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Non-current investments [Abstract]
Disclosure of details of non-current investments
[Abstract]
Details of non-current investments [Line items]
Investment in other Investment in other Investment in other Investment in other
Type of non-current investments Indian companies Indian companies Indian companies Indian companies
equity instruments equity instruments equity instruments equity instruments
Class of non-current investments Other investments Other investments Other investments Other investments
Nature of non-current investments Unquoted Unquoted Unquoted Unquoted
Non-current investments 5 5 0 0
Name of body corporate in whom investment has Pearl Beverages Pearl Beverages SMV Beverages SMV Beverages
been made Limited Limited Private Limited Private Limited
Number of shares of non-current investment
[shares] 50,000 [shares] 50,000 [shares] 0 [shares] 0
made in body corporate

Details of non-current investments [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of non-current investments [Axis] 5 6
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Non-current investments [Abstract]
Disclosure of details of non-current investments
[Abstract]
Details of non-current investments [Line items]
Investment in other Investment in other Investment in Investment in
Type of non-current investments Indian companies Indian companies subsidiaries equity subsidiaries equity
equity instruments equity instruments instruments instruments
Class of non-current investments Other investments Other investments Other investments Other investments
Nature of non-current investments Unquoted Unquoted Unquoted Unquoted
Non-current investments (A) 0 10,650 1 1
Name of body corporate in whom investment has NourishCo NourishCo Beverages PepsiCo India Sales PepsiCo India Sales
been made Beverages Limited Limited Private Limited Private Limited
Number of shares of non-current investment [shares]
[shares] 10,65,00,000 [shares] 10,000 [shares] 10,000
made in body corporate 10,65,00,000

202
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
106,500,000 (31 March 2019: 106,500,000) equity shares of NourishCo Beverages Limited of Rs 10 each, fully
10650
paid-up
Less: Impairment Loss -7750
Less: Reclassified as asset held for sale (refer note 16a) -2900

Details of non-current investments [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of non-current investments [Axis] 7
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Non-current investments [Abstract]
Disclosure of details of non-current investments [Abstract]
Details of non-current investments [Line items]
Investments in Investments in
Type of non-current investments government or trust government or trust
securities securities
Class of non-current investments Other investments Other investments
Nature of non-current investments Unquoted Unquoted
Non-current investments (A) 0 (B) 0
National Savings National Savings
Name of body corporate in whom investment has been made Certificates Certificates
Number of shares of non-current investment made in body corporate [shares] 0 [shares] 0

Footnotes
(A) * Amount is below rounding off threshold adopted by the Company
(B) * Amount is below rounding off threshold adopted by the Company
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019
to 31/03/2019
31/03/2020
Textual information (48)
Disclosure of notes on non-current investments explanatory [TextBlock] [See below]
Aggregate amount of quoted non-current investments 0 0
Market value of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 16 10,666
Aggregate provision for diminution in value of non-current investments 0 0

203
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (48)

Disclosure of notes on non-current investments explanatory [Text Block]

(All amounts stated in Rs. lakh, unless otherwise stated)

Note 6: Investments

(a) Non-current investments

Particulars As at As at

31-Mar-20 31-Mar-19

Non-current investments (unquoted)

(Measured at amortised cost)

A) Investment in equity instruments - Associates (1) - Trade

88,400 (31 March 2019: 88,400) equity shares of Pearl Drinks Limited of Rs 10 each,
9 9
fully paid-up

1,000 (31 March 2019: 1,000) equity shares of Pearl Bottling Private Limited of Rs 100
1 1
each, fully paid-up

50,000 (31 March 2019: 50,000) equity shares of Pearl Beverages Limited of Rs 10
5 5
each, fully paid-up

B) Investment in equity instruments - Joint Venture - Trade

106,500,000 (31 March 2019: 106,500,000) equity shares of NourishCo Beverages

10,650 10,650
Limited of Rs 10 each, fully paid-up

Less: Impairment Loss -7,750

-

Less: Reclassified as asset held for sale (refer note 16a) -2,900
-

10,650
-

C) Investments in equity instruments - Subsidiaries - Trade

204
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

10,000 (31 March 2019: 10,000) equity shares of PepsiCo India Sales Private Limited 1 1
of Rs 10 each, fully paid-up

(including nominee share)

D) Investments in Government and trust securities - other investments

National Savings Certificates 0* 0*

Total non-current investments 16 10,666

1. Includes investments in wholly owned subsidiaries of associates

* Amount is below rounding off threshold adopted by the Company

[400500] Notes - Current investments

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019
to
31/03/2020
Textual information (49)
Disclosure of notes on current investments explanatory [TextBlock] [See below]

205
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (49)

Disclosure of notes on current investments explanatory [Text Block]

(All amounts stated in Rs. lakh, unless otherwise stated)

Note 6: Investments

(b) Current investments

Particulars As at As at

31-Mar-20 31-Mar-19

Current investments (quoted)

(Measured at fair value through profit and loss)

(A) Investment in equity shares- Trade

18 (31 March 2019: 18) equity shares of BASF Limited of Rs 10 each, fully paid-up 0* 0*

80 (31 March 2019: 80) equity shares of GTN Textiles Limited of Rs 10 each, fully paid up 0* 0*

75 (31 March 2019: 75) equity shares of Surya Roshni Limited of Rs 10 each, fully paid-up 0* 0*

0* 0*

Current investments (Unquoted)

(Measured at amortised cost)

(B) Investment in preference shares - Associates (refer note 48)(1) - Trade

1,828,070 (31 March 2019: 1,828,070) 8% fully redeemable Preference Shares of Pearl Drinks Limited, 183 183

of Rs 10 each, fully paid up

3,634,610 (31 March 2019: 3,634,610) 8% fully redeemable Preference Shares of Pearl Bottling Private Limited, 363 363

of Rs 10 each, fully paid up

206
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

4,201,110 (31 March 2019: 4,201,110) 8% fully redeemable Preference Shares of Pearl Beverages Limited, 420 420

of Rs 10 each, fully paid up

966 966

Total current investment (gross) 966 966

Less : loss allowances 966 966

Total current investment 0* 0*

Aggregate amount of quoted investments at cost 0* 0*

Aggregate amount of quoted investments at market value 0* 0*

Aggregate amount of unquoted investments at cost 16 10,666

1. Includes investments in wholly owned subsidiaries of associates.

* Amount is below rounding off threshold adopted by the Company

Information about subsidiary, joint venture and associates:

Proportion
(%) of
equity
interest

Country of
Particulars Principal activities As at As at
incorporation

31-Mar-20 31-Mar-19

Subsidiary

Trading business of aerated and

PepsiCo India Sales Private Limited India non-aerated beverage products, juice and 100% 100%
juice based drinks

( including nominee share )

Joint venture

NourishCo Beverages Limited India Manufacturing and selling of beverages. 50% 50%

Associates

207
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Pearl Drinks Limited(1) India Manufacturing and selling of beverages. 26% 26%

1. Pearl Beverages Limited & Pearl Bottling

Private Limited are the subsidiaries of Pearl
Drink Limited.

[611600] Notes - Non-current asset held for sale and discontinued operations
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of non-current assets held for sale and discontinued operations Textual information (50)
[TextBlock] [See below]
Net cash flows from (used in) operating activities, continuing
2,942 50,226
operations
Net cash flows from (used in) operating activities 2,942 50,226
Net cash flows from (used in) investing activities, continuing
1,33,346 -28,067
operations
Net cash flows from (used in) investing activities 1,33,346 -28,067
Net cash flows from (used in) financing activities, continuing
-12,135 -13,939
operations
Net cash flows from (used in) financing activities -12,135 -13,939
Description of non-current Assets or disposal group held for sale which Textual information (51) Textual information (52)
were sold or reclassified [See below] [See below]
Explanation of facts and circumstances of sale or reclassification and Textual information (53) Textual information (54)
expected disposal, manner and timing [See below] [See below]

208
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (50)

Disclosure of non-current assets held for sale and discontinued operations [Text Block]

Note 16a: Assets of disposal group classified as held for sale (1) (2) (3)

Particulars As at As at

31-Mar-20 31-Mar-19

Property, plant and equipment - 1,39,351

Right of use assets

Gross value (refer note 45) 4,578

Less: provision for penalty (refer note 45) 720 3,858 -

Capital work in progress - 2,850

Inventories - 14,243

Current loans - Security deposit - 157

Non current investments (refer note 45)(2) 2,900 -

Non current loans-Security deposits - 1,982

Other current assets - 570

Other non -current assets - Prepaid expenses - 7

6,758 1,59,160

Note 16b: Liabilities of disposal group classified as held for sale (1)

Particulars As at As at

31-Mar-20 31-Mar-19

Trade payables - 2,471

Non current- Other financial liability - Distributor deposit - 1,873

Provision – current - 4,604

- 8,948

209
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

1. During the year ended 31 March 2019, the management of the Company, pursuant to a Business Transfer Agreement dated
18 February 2019, divested on a going concern slump sale basis its undertakings(s) located in South and West territory of India
engaged in the manufacturing, marketing, distribution and selling of soft drink beverages and syrup mix to Varun Beverages
Limited on 1 May 2019 and 31 May 2019 respectively. The management has, accordingly, classified the assets and liabilities to
be transferred under this agreement, as asset/liability held for sale. (refer note : 48)

2. During the year ended 31 March 2020, the Company pursuant to the term sheet dated 20 March 2020, agreed to sell its
Investment in Joint Venture ('JV') (NourishCo Beverages Limited) to TATA Consumer Products Limited for a consideration of
Rs.1,300 for sale of shares in JV and Rs. 1,600 for relinquishing its' right in trademark and have executed the agreement on 18
May 2020 viz. the effective transfer date. The management has, accordingly, classified the investments as held for sale
amounting Rs 2,900 and recorded impairment loss of 7,750. (refer note 45)

3.The Company had acquired a land on lease from Karnataka Industrial Areas Development Board ('the Board') via lease deed
dated 11 May 2017 for a considerations of Rs. 4,764 for a period of 99 years (Net Book Value as on 31 March 2020 is Rs.
4,577). During the year, the Company has decided to voluntarily surrender the land and accordingly recorded a provision for
penalty on the cancellation of lease deed amounting to Rs. 720 . Subsequent to the year end, the Company has initiated the
process to surrender the allotted land to the Board. Accordingly, the management has classified the land as held for sale. (refer
note 45)

Textual information (51)

Description of non-current Assets or disposal group held for sale which were sold or reclassified

Non-current assets, comprising assets and liabilities are classified as held for sale if it is highly probable that they will be
recovered primarily through sale rather than through continuing use.

Such assets, are generally measured at the lower of their carrying amount and fair value less costs to sell except for assets such
as deferred tax assets, assets arising from employee benefits, financial assets, which are specifically exempt from this
requirement. Losses on initial classification as held for sale and subsequent gains and losses on re-measurement are recognised
in statement of profit and loss.

Once classified as held-for-sale, intangible assets, property, plant and equipment and investment properties are no longer
amortised or depreciated.

210
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (52)

Description of non-current Assets or disposal group held for sale which were sold or reclassified

Non-current assets, comprising assets and liabilities are classified as held for sale if it is highly probable that they will be
recovered primarily through sale rather than through continuing use.

Such assets, are generally measured at the lower of their carrying amount and fair value less costs to sell except for assets such
as deferred tax assets, assets arising from employee benefits, financial assets, which are specifically exempt from this
requirement. Losses on initial classification as held for sale and subsequent gains and losses on re-measurement are recognised
in statement of profit and loss.

Once classified as held-for-sale, intangible assets, property, plant and equipment and investment properties are no longer
amortised or depreciated.

Textual information (53)

Explanation of facts and circumstances of sale or reclassification and expected disposal, manner and timing

Non-current assets, comprising assets and liabilities are classified as held for sale if it is highly probable that they will be
recovered primarily through sale rather than through continuing use.

Such assets, are generally measured at the lower of their carrying amount and fair value less costs to sell except for assets such
as deferred tax assets, assets arising from employee benefits, financial assets, which are specifically exempt from this
requirement. Losses on initial classification as held for sale and subsequent gains and losses on re-measurement are recognised
in statement of profit and loss.

Once classified as held-for-sale, intangible assets, property, plant and equipment and investment properties are no longer
amortised or depreciated.

211
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (54)

Explanation of facts and circumstances of sale or reclassification and expected disposal, manner and timing

Non-current assets, comprising assets and liabilities are classified as held for sale if it is highly probable that they will be
recovered primarily through sale rather than through continuing use.

Such assets, are generally measured at the lower of their carrying amount and fair value less costs to sell except for assets such
as deferred tax assets, assets arising from employee benefits, financial assets, which are specifically exempt from this
requirement. Losses on initial classification as held for sale and subsequent gains and losses on re-measurement are recognised
in statement of profit and loss.

Once classified as held-for-sale, intangible assets, property, plant and equipment and investment properties are no longer
amortised or depreciated.

212
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[400100] Notes - Equity share capital

Disclosure of classes of equity share capital [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Equity shares 1
Classes of equity share capital [Axis] Equity shares [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line
items]
Refer to child
Type of share member
[shares] [shares] [shares]
Number of shares authorised 400,00,00,000 400,00,00,000 400,00,00,000
Value of shares authorised 4,00,000 4,00,000 4,00,000
[shares] [shares] [shares]
Number of shares issued 369,49,86,213 369,49,86,213 369,49,86,213
Value of shares issued 3,69,498.6213 3,69,498.6213 3,69,498.6213
[shares] [shares] [shares]
Number of shares subscribed and fully paid 369,49,86,213 369,49,86,213 369,49,86,213
Value of shares subscribed and fully paid 3,69,498.6213 3,69,498.6213 3,69,498.6213
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
[shares] [shares] [shares]
Total number of shares subscribed 369,49,86,213 369,49,86,213 369,49,86,213
Total value of shares subscribed 3,69,498.6213 3,69,498.6213 3,69,498.6213
Value of shares paid-up [Abstract]
[shares] [shares] [shares]
Number of shares paid-up 369,49,86,213 369,49,86,213 369,49,86,213
Value of shares called 3,69,498.6213 3,69,498.6213 3,69,498.6213
Value of shares paid-up 3,69,498.6213 3,69,498.6213 3,69,498.6213
Par value per share [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Total aggregate number of shares issued
[shares] 0 [shares] 0 [shares] 0
during period
Total increase (decrease) in number of
[shares] 0 [shares] 0 [shares] 0
shares outstanding
[shares] [shares] [shares]
Number of shares outstanding at end of period 369,49,86,213 369,49,86,213
[shares] 369,49,86,213
369,49,86,213
Reconciliation of value of shares outstanding
[Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during
period [Abstract]
Amount of other issues during period 0 0 0
Total aggregate amount of increase
0 0 0
in equity share capital during period
Total increase (decrease) in share capital 0 0 0
Equity share capital at end of period 3,69,498.6213 3,69,498.6213 3,69,498.6213 3,69,498.6213
Rights preferences and restrictions attaching Textual information
to class of share capital (55) [See below]
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
[shares] [shares] (A) [shares]
Shares in company held by holding company 369,21,72,586 369,21,72,586 369,21,72,586

213
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Shares in company held by subsidiaries of its (B) [shares]

[shares] 28,13,601 [shares] 28,13,601
holding company 28,13,601
Total shares in company held by holding company
[shares] [shares] [shares]
or ultimate holding company or by its 369,49,86,187 369,49,86,187 369,49,86,187
subsidiaries or associates
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
Refer to child
Type of share member

(A) PepsiCo Panimex Inc. Mauritius, the holding company : 3692172586

(B) PepsiCo Investments Ltd., Mauritius, fellow subsidiary : 2813601

214
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of classes of equity share capital [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
01/04/2018
to 31/03/2018
31/03/2019
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Type of share Refer to child member
Number of shares authorised [shares] 400,00,00,000
Value of shares authorised 4,00,000
Number of shares issued [shares] 369,49,86,213
Value of shares issued 3,69,498.6213
Number of shares subscribed and fully paid [shares] 369,49,86,213
Value of shares subscribed and fully paid 3,69,498.6213
Number of shares subscribed but not fully paid [shares] 0
Value of shares subscribed but not fully paid 0
Total number of shares subscribed [shares] 369,49,86,213
Total value of shares subscribed 3,69,498.6213
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 369,49,86,213
Value of shares called 3,69,498.6213
Value of shares paid-up 3,69,498.6213
Par value per share [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of other issues of shares [shares] 0
Total aggregate number of shares issued during period [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0
[shares]
Number of shares outstanding at end of period [shares] 369,49,86,213
369,49,86,213
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of other issues during period 0
Total aggregate amount of increase in equity share capital during period 0
Total increase (decrease) in share capital 0
Equity share capital at end of period 3,69,498.6213 3,69,498.6213
Textual information (56)
Rights preferences and restrictions attaching to class of share capital [See below]
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
(A) [shares]
Shares in company held by holding company 369,21,72,586
Shares in company held by subsidiaries of its holding company (B) [shares] 28,13,601
Total shares in company held by holding company or ultimate holding company
[shares] 369,49,86,187
or by its subsidiaries or associates
Details of application money received for allotment of securities and due for
refund and interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund and
interest accrued thereon [Abstract]
Total application money received for allotment of securities and due for
0
refund and interest accrued thereon
Type of share Refer to child member

(A) PepsiCo Panimex Inc. Mauritius, the holding company : 3692172586

(B) PepsiCo Investments Ltd., Mauritius, fellow subsidiary : 2813601

215
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of shareholding more than five per cent in company [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Name of shareholder [Member] Shareholder 1 [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Refer to child
Type of share member
Refer to child member Equity share capital Equity share capital

Disclosure of shareholding more than five per cent in

company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Refer to child
Type of share member
Refer to child member Equity share capital Equity share capital
PepsiCo Panimex PepsiCo Panimex Inc.
Refer to child
Name of shareholder member
Refer to child member Inc. Mauritius, the Mauritius, the holding
holding company company
Country of incorporation or residence of
MAURITIUS MAURITIUS
shareholder
[shares] [shares] [shares] [shares]
Number of shares held in company 369,21,72,586 369,21,72,586 369,21,72,586 369,21,72,586
Percentage of shareholding in company 99.92% 99.92% 99.92% 99.92%

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (57)
Disclosure of notes on equity share capital explanatory [TextBlock] [See below]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Whether money raised from public offering during year No No

Textual information (55)

Rights preferences and restrictions attaching to class of share capital

The Company has a single class of equity shares. Accordingly, all equity shares rank equally with regard to dividends and share in the Company's
residual assets. The equity shares are entitled to receive dividend as declared from time to time. The voting rights of an equity shareholder on a
poll (not on show of hands) are in proportion to its share of the paid-up equity capital of the Company. On winding up of the Company, the
holders of equity shares will be entitled to receive the residual assets of the company in proportion of the number of equity shares held.

Textual information (56)

Rights preferences and restrictions attaching to class of share capital

The Company has a single class of equity shares. Accordingly, all equity shares rank equally with regard to dividends and share in the Company's
residual assets. The equity shares are entitled to receive dividend as declared from time to time. The voting rights of an equity shareholder on a
poll (not on show of hands) are in proportion to its share of the paid-up equity capital of the Company. On winding up of the Company, the
holders of equity shares will be entitled to receive the residual assets of the company in proportion of the number of equity shares held.

216
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (57)

Disclosure of notes on equity share capital explanatory [Text Block]

(All amounts stated in Rs. lakh, unless otherwise stated)

Note 17: Equity share capital

Particulars As at As at

31-Mar-20 31-Mar-19

Authorised equity share capital

4,000,000,000 (31 March 2019: 4,000,000,000) equity shares of Rs. 10 each 4,00,000 4,00,000

4,00,000 4,00,000

Issued, subscribed and fully paid up

Particulars As at As at

31-Mar-20 31-Mar-19

3,694,986,213 (31 March 2019: 3,694,986,213) equity shares of Rs. 10 each fully paid 3,69,499 3,69,499

3,69,499 3,69,499

A. Reconciliation of shares outstanding at the beginning and at the end of the year

Particulars No. of shares

As at 31 March 2019 36949,86,213

As at 31 March 2020 36949,86,213

B. Rights, preferences and restrictions attached to equity shares

The Company has a single class of equity shares. Accordingly, all equity shares rank equally with regard to dividends and share
in the Company's residual assets. The equity shares are entitled to receive dividend as declared from time to time. The voting
rights of an equity shareholder on a poll (not on show of hands) are in proportion to its share of the paid-up equity capital of the
Company. On winding up of the Company, the holders of equity shares will be entitled to receive the residual assets of the
company in proportion of the number of equity shares held.

217
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

C. Shares of the company held by holding / ultimate holding company and/or their
subsidiaries/associates

Name of shareholder As at As at

31-Mar-20 31-Mar-19

Number of Number of
shares shares

PepsiCo Panimex Inc. Mauritius, the holding company 36921,72,586 36921,72,586

PepsiCo Investments Ltd., Mauritius, fellow subsidiary 28,13,601 28,13,601

36949,86,187 36949,86,187

D. Details of shareholders holding more than 5% shares in the company

Name of shareholder As at As at

31-Mar-20 31-Mar-19

Number of Number of
shares shares

PepsiCo Panimex Inc. Mauritius, the holding company 36921,72,586 36921,72,586

E. The ultimate holding company of the Company is PepsiCo Inc., USA.

F. No shares have been issued pursuant to contract without payment being received in cash, allotted as fully paid up shares by
way of bonus issues nor has any bought back of shares in the last five years.

218
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[612700] Notes - Income taxes

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] Temporary differences [Member] differences
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Deferred tax relating to items credited (charged)
-530 0 -530
directly to equity
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 28,575 0 28,575
Deferred tax liabilities 14,340 0 14,340
Net deferred tax liability (assets) -14,235 0 0 -14,235
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
-12,782 0 -12,782
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
-12,782 0 -12,782
recognised in profit or loss
Deferred tax relating to items
-530 0 -530
credited (charged) directly to equity
Aggregated income tax relating to
components of other comprehensive -923 0 -923
income
Total increase (decrease) in deferred
-14,235 0 -14,235
tax liability (assets)
Deferred tax liability (assets) at end of
-14,235 0 0 -14,235
period
Refer to child
Description of other temporary differences Refer to child member Refer to child member
member

219
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences [Member] Other temporary differences 1 [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Deferred tax relating to items credited (charged)
0
directly to equity
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 0 254 0
Deferred tax liabilities 0
Net deferred tax liability (assets) 0 0 -254 0
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
0 -254 0
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
0 -254 0
recognised in profit or loss
Deferred tax relating to items
0
credited (charged) directly to equity
Aggregated income tax relating to
components of other comprehensive 0
income
Total increase (decrease) in deferred
0 -254 0
tax liability (assets)
Deferred tax liability (assets) at end of
0 0 -254 0
period
Description of other temporary differences Refer to child member Inventory allowance Inventory allowance

220
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] differences 1 Other temporary differences 2 [Member]
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Deferred tax relating to items credited (charged)
-530 0
directly to equity
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 7,556 0
Net deferred tax liability (assets) 0 -7,556 0 0
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
-7,026 0
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
-7,026 0
recognised in profit or loss
Deferred tax relating to items
-530 0
credited (charged) directly to equity
Total increase (decrease) in deferred
-7,556 0
tax liability (assets)
Deferred tax liability (assets) at end of
0 -7,556 0 0
period
Finance lease
Description of other temporary differences obligations
Finance lease obligations

221
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences 3 [Member] differences 4
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 3,199 0 12,601
Net deferred tax liability (assets) -3,199 0 0 -12,601
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
-2,276 0 -12,601
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
-2,276 0 -12,601
recognised in profit or loss
Aggregated income tax relating to
components of other comprehensive -923 0
income
Total increase (decrease) in deferred
-3,199 0 -12,601
tax liability (assets)
Deferred tax liability (assets) at end of
-3,199 0 0 -12,601
period
Provisions for employee Provisions for employee Provisions for
Description of other temporary differences benefits benefits contingencies

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(5)
Unless otherwise specified, all monetary values are in Lakhs of INR
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences 4 [Member] Other temporary differences 5 [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 0 98 0
Net deferred tax liability (assets) 0 0 -98 0
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
0 -98 0
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
0 -98 0
recognised in profit or loss
Total increase (decrease) in deferred
0 -98 0
tax liability (assets)
Deferred tax liability (assets) at end of
0 0 -98 0
period
Minimum alternate Minimum alternate
Description of other temporary differences Provisions for contingencies
tax tax

222
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(6)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] differences 5 Other temporary differences 6 [Member]
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 4,867 0
Net deferred tax liability (assets) 0 -4,867 0 0
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
-4,867 0
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
-4,867 0
recognised in profit or loss
Total increase (decrease) in deferred
-4,867 0
tax liability (assets)
Deferred tax liability (assets) at end of
0 -4,867 0 0
period
Description of other temporary differences Other items Other items

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(7)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences 7 [Member] differences 8
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax liabilities 5,323 0 7,846
Net deferred tax liability (assets) 5,323 0 0 7,846
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
5,323 0 7,846
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
5,323 0 7,846
recognised in profit or loss
Total increase (decrease) in deferred
5,323 0 7,846
tax liability (assets)
Deferred tax liability (assets) at end of
5,323 0 0 7,846
period
Property, plant and Property, plant and Right of use of
Description of other temporary differences equipment equipment assets

223
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(8)
Unless otherwise specified, all monetary values are in Lakhs of INR
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences 8 [Member] Other temporary differences 9 [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax liabilities 0 1,171 0
Net deferred tax liability (assets) 0 0 1,171 0
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
0 1,171 0
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
0 1,171 0
recognised in profit or loss
Total increase (decrease) in deferred
0 1,171 0
tax liability (assets)
Deferred tax liability (assets) at end of
0 0 1,171 0
period
Description of other temporary differences Right of use of assets Other items Other items

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(9)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] differences 9
[Member]
31/03/2018
Disclosure of temporary difference, unused tax losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Net deferred tax liability (assets) 0
Reconciliation of changes in deferred tax liability (assets) [Abstract]
Deferred tax liability (assets) at end of period 0

224
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (58)
Disclosure of income tax [TextBlock] [See below]
Major components of tax expense (income) [Abstract]
Current tax expense (income) and adjustments for current tax of prior
periods [Abstract]
Current tax expense (income) 8,969 690
Total current tax expense (income) and adjustments for current tax
8,969 690
of prior periods
Deferred tax expense (income) relating to origination and reversal of
-15,846 0
temporary differences
Total tax expense (income) -6,877 690
Current and deferred tax relating to items charged or credited directly
to equity [Abstract]
Income tax relating to components of other comprehensive income [Abstract]
Income tax relating to remeasurements of defined benefit plans of
(B) 0
other comprehensive income (A) -923
Total aggregated income tax relating to components of other
-923 0
comprehensive income
Disclosure of temporary difference, unused tax losses and unused tax
credits [TextBlock]
Disclosure of temporary difference, unused tax losses and unused tax
credits [Abstract]
Deferred tax assets and liabilities [Abstract]
Deferred tax expense (income) [Abstract]
Reconciliation of changes in deferred tax liability (assets)
[Abstract]
Changes in deferred tax liability (assets) [Abstract]
Reconciliation of accounting profit multiplied by applicable tax rates
[Abstract]
Accounting profit 25,997 4,249
Tax expense (income) at applicable tax rate 9,083 1,484

Tax effect of tax losses (C) 0

(D) -1,645
Tax effect from change in tax rate 3,379 0
Other tax effects for reconciliation between accounting profit and tax
expense (income) (E) -19,339 (F) 851
Total tax expense (income) -6,877 690
Reconciliation of average effective tax rate and applicable tax rate
[Abstract]
Accounting profit 25,997 4,249

225
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Income tax relating to above items 923

(B)
Particulars 2018-19
Income tax relating to above items 0

(C)
Particulars 2019-20
Deferred tax not created on carry forward losses and deductible temporary differences in excess of deferred tax
0
liability on other components*

(D)
Particulars 2018-19
Deferred tax not created on carry forward losses and deductible temporary differences in excess of deferred tax
-1645
liability on other components*

(E)
Particulars 2019-20
Other items 12
MAT credit created (to the extent of utilisation -3064
Deferred tax asset pertaining to carryfoward depreciation and temporary differences not recognised in previous
-25365
year, adjusted against current year's taxable profit
Expenses which will never be allowed 838
Subsequent payment of previous year employee benefit provisions claimed as deduction 2399
Long term capital gain on slump sale of beverages division 4917
Adjustment 924

(F)
Particulars 2018-19
Other items -149
MAT credit created (to the extent of utilisation 0
Deferred tax asset pertaining to carryfoward depreciation and temporary differences not recognised in previous
0
year, adjusted against current year's taxable profit
Expenses which will never be allowed 1000
Subsequent payment of previous year employee benefit provisions claimed as deduction 0
Long term capital gain on slump sale of beverages division 0
Adjustment 0

226
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (58)

Disclosure of income tax [Text Block]

(All amounts stated in Rs. lakh, unless otherwise stated)

Note 34: Income tax

A. Reconciliation of effective tax rate

Particulars As at As at

31-Mar-20 31-Mar-19

Profit before income tax expense 25,997 4,249

Tax using the Company's domestic rate 34.94% 34.94%

Computed expected tax expense 9,083 1,484

Tax effect of :

Expenses which will never be allowed 838 1,000

Long term capital gain on slump sale of beverages division 4,917 -

Subsequent payment of previous year employee benefit provisions claimed as deduction 2,399 -

Impact of change in tax rate 3,379 -

Deferred tax asset pertaining to carryfoward depreciation and temporary differences not recognised
-25,365 -
in previous year, adjusted against current year's taxable profit

Deferred tax not created on carry forward losses and deductible temporary differences in excess of
-1,645
deferred tax liability on other components* -

MAT credit created (to the extent of utilisation -3,064 -

against current tax liability)

Other items 12 -149

Tax expense reported in the Statement of Profit and Loss -7,801 690

*During the current year, the Company has recognised the deferred tax asset on MAT (Minimum alternate tax) of Rs. 98 as it is 'probable' that
taxable profit will be available against which such credit can be utilised. However, in previous year, the company has not recognised deferred tax
asset on MAT amounting to Rs. 3,431.

B. Deferred tax assets / liabilities

227
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

As at 31 March 2020 As at 31 March 2019

Particulars Gross amount Tax effect Gross amount Tax effect

Deferred tax liabilities

Property, plant and equipment 20,731 5,323 52,556 18,365

Right of use of assets 27,494 7,846 - -

Other items 4,405 1,171 2,140 748

52,630 14,340 54,696 19,113

Deferred tax assets

Unabsorbed depreciation - - 20,082 7,017

Inventory allowance 896 254 1,996 697

Finance lease obligations 26,133 7,556 13,321 4,654

Provisions for employee benefits 12,482 3,199 24,551 8,578

Provisions for contingencies 47,656 12,601 41,892 14,637

Minimum alternate tax 281 98 9,818 3,431

Other items 15,593 4,867 6,075 2,122

1,03,041 28,575 1,17,735 41,136

Net deferred tax asset 50,411 14,235 63,039 22,023

Net deferred tax asset recognised in the financial statements 14,235 -

During current year, the Company has recognised deferred tax asset on temporary differences due to the presence of convincing
evidence that sufficient taxable profit will be available against which the deferred tax asset can be utilised. However, till previous
year, deferred tax asset was recognized only to the extent of deferred tax liabilities since the Company had a history of recent
losses and absence of convincing evidence that sufficient taxable profit will be available against which the deferred tax asset can
be utilised.

C. Changes in deferred tax assets and deferred tax liabilities from 1 April 2019 to 31 March 2020

Opening Recognised in Closing

Recognised in other Recognised
Particulars Balance as statement of profit and Balance as
comprehensive income directly in equity
on loss on

228
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

01-Apr-19 31-Mar-20

Deferred tax asset arising on

account of

Unabsorbed depreciation - - - -
-

Inventory allowance - 254 - 254

-

Finance lease obligations - 7,026 - 530 7,556

Provisions for employee

- 2,276 923 3,199
benefits -

Provisions for contingencies - 12,601 - 12,601

-

Minimum alternate tax - 98 - 98

-

Other items - 4,867 - 4,867

-

- 27,122 923 530 28,575

Deferred tax liability arising on

account of

Property, plant and equipment - 5,323 - 5,323

-

Right of use of assets - 7,846 - 7,846

-

Other items - 1,171 - 1,171

-

- 14,340 - 14,340
-

Net deferred tax assets - 12,782 923 530 14,235

MAT credit created (to the

3,064
extent of utilisation

against current tax liability)

Net amount recognised in

15,846
statement of profit and loss

229
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

D. Summary of unrecognised deferred tax assets

As at 31 As at 31
March 2020 March 2019

Unrecognised Unrecognised
Particulars Gross amount Gross amount
tax effect tax effect

Deductible temporary differences - - 42,957 15,006

Unabsorbed depreciation - - 20,082 7,017

- - 63,039 22,023

E. Unabsorbed depreciation for which no deferred tax asset was

recognized expire as follows:

As at 31 As at 31
March 2020 March 2019

Unrecognised Unrecognised
Particulars Gross amount Gross amount
tax effect tax effect

Amount to be carried forward indefinitely (Unabsorbed

- - 20,082 7,017
depreciation)

- - 20,082 7,017

F. Tax credit under 115JB for which no deferred tax asset was
recognized expire as follows:

As at 31 As at 31
March 2020 March 2019

Unrecognised Unrecognised
Particulars Gross amount Gross amount
tax effect tax effect

Amount of Tax credit available for carried forward :

2032-33 - - 7,573 2,646

2033-34 - - 2,245 785

230
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

- - 9,818 3,431

G. Pursuant to the Taxation Laws (Ammendment) Ordinance, 2019 issued on 20 September 2019, corporate assesees have been the option to
apply the lower income tax rate with effect from 1 April 2019, subject to certain conditions specified therein. The Company has carried out an
evaluation and based on its forecast profits believes that Company will be benificial to choose the lower tax rate option from the financial year
2021-22 and will continue with the existing tax rate for the FY 2019-20 and 2020-21. Accordingly, deferred tax assets expected to be reversed in
financial year 2020-21 has been recognised at normal tax rate and expected to be reversed after financial year 2020-21 has been recognised at
lower tax rate.

[611000] Notes - Exploration for and evaluation of mineral resources

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of exploration and evaluation assets [TextBlock]
Whether there are any exploration and evaluation activities No No

[611900] Notes - Accounting for government grants and disclosure of government assistance
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of accounting for government grants and disclosure of government
assistance [TextBlock]
Whether company has received any government grant or government assistance No No

231
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[401100] Notes - Subclassification and notes on liabilities and assets

Details of loans [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of loans [Axis] Loans [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 2,057 1,362 2,057 1,362
Allowance for bad and doubtful loans 0 0 0 0
Total loans 2,057 1,362 2,057 1,362
Details of loans due by directors, other
officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
Loans due by private companies in
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

232
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of loans [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
Classification of loans [Axis] Security deposits [Member] Loans [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross (A) 2,057 (B) 1,362 1,103 1,856
Allowance for bad and doubtful loans 0 0 0 0
Total loans 2,057 1,362 1,103 1,856
Details of loans due by directors, other
officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
Loans due by private companies in
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

Footnotes
(A)
Particulars 2019-20
Security deposits 2057
Less: Reclassified as assets of disposal group classified as held for sale (refer note 16a) 0

(B)
Particulars 2018-19
Security deposits 3344
Less: Transferred to assets of disposal group classified as held for sale -1982

233
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of loans [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of loans [Axis] Loans [Member] Security deposits [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 1,103 1,856 (A) 391 (B) 1,018
Allowance for bad and doubtful loans 0 0 0 0
Total loans 1,103 1,856 391 1,018
Details of loans due by directors, other
officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
Loans due by private companies in
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

Footnotes
(A)
Particulars 2019-20
Security deposits 391
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) 0

(B)
Particulars 2018-19
Security deposits 1126
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) -108

234
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of loans [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Loans given other related parties
Classification of loans [Axis] Loans to related parties [Member]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 0 0 0 0
Allowance for bad and doubtful loans 0 0 0 0
Total loans 0 0 0 0
Details of loans due by directors, other
officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
Loans due by private companies in
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

Details of loans [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of loans [Axis] Loans given employees [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets [Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross (A) 712 (B) 838
Allowance for bad and doubtful loans 0 0
Total loans 712 838
Details of loans due by directors, other officers or others [Abstract]
Loans due by directors 0 0
Loans due by other officers 0 0
Total loans due by directors, other officers or others 0 0
Details of loans due by firms or companies in which any director is partner
or director [Abstract]
Loans due by firms in which any director is partner 0 0
Loans due by private companies in which any director is director 0 0
Loans due by private companies in which any director is member 0 0
Total loans due by firms or companies in which any director is partner or
0 0
director

235
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Loan to emplyoee 712
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) 0

(B)
Particulars 2018-19
Loan to emplyoee 887
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) -49

Other current financial assets others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial assets others [Axis] 1 2
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Other current financial assets [Abstract]
Other current financial assets others 0 195 0 95
Other current financial assets others [Abstract]
Other current financial assets others [Line
items]
Description other current financial assets Receivables from Receivables from
Other receivables Other receivables
others related parties related parties
Other current financial assets others 0 195 0 95

Other non-current financial assets, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of other non-current financial assets others [Axis] 1
01/04/2019
to
31/03/2020
Subclassification and notes on liabilities and assets [Abstract]
Other non-current financial assets notes [Abstract]
Other non-current financial assets [Abstract]
Other non-current financial assets, others 0
Other non-current financial assets, others [Abstract]
Other non-current financial assets, others [Line items]
Receivable from
Pioneer Urban Land
Description other non-current financial assets, others & Infrastructure
Limited
Other non-current financial assets, others 0

236
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Other current financial liabilities, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial liabilities, others [Axis] 1 2
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other current financial liabilities
notes [Abstract]
Other current financial liabilities [Abstract]
Other current financial liabilities, others 231 410 1,176 197
Other current financial liabilities, others
[Abstract]
Other current financial liabilities, others
[Line items]
Creditors for
Creditors for purchase
Description of other current financial Payable to purchase of
Payable to employees of property, plant and
liabilities, others employees property, plant and
equipment
equipment
Other current financial liabilities,
231 410 1,176 197
others

Other current financial liabilities, others [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial liabilities, others [Axis] 3
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of other current financial liabilities notes [Abstract]
Other current financial liabilities [Abstract]
Other current financial liabilities, others 9,224 3,424
Other current financial liabilities, others [Abstract]
Other current financial liabilities, others [Line items]
Short-term
Short-term maturities
Description of other current financial liabilities, others maturities of Lease
of Lease liabilities(1)
liabilities(1)
Other current financial liabilities, others 9,224 3,424

Other current liabilities, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current liabilities, others [Axis] 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of other current liabilities notes [Abstract]
Other current liabilities [Abstract]
Other current liabilities, others 3,137 9,269
Other current liabilities, others [Abstract]
Other current liabilities, others [Line items]
Description of other current liabilities, others Statutory liabilities Statutory liabilities
Other current liabilities, others 3,137 9,269

237
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Other non-current assets, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other non-current assets, others [Axis] 1 2
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Other non-current assets notes [Abstract]
Other non-current assets [Abstract]
Other non-current assets, others 13,799 22,458 24,818 21,978
Other non-current assets, others [Abstract]
Other non-current assets, others [Line items]
Description of other non-current assets, Non-current tax Duty and taxes paid Duty and taxes paid
Non-current tax asset
others asset under protest under protest
Other non-current assets, others 13,799 22,458 24,818 21,978

Disclosure of breakup of provisions [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line items]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 10,134 7,313 926 (A) 1,201
Provision leave encashment 1,581 1,252 (B) 423 (C) 473
Provision other employee related
(D) 767 (E) 841 (F) 3,723 (G) 8,867
liabilities
Total provisions for employee benefits 12,482 9,406 5,072 10,541
CSR expenditure provision 0 0 0 0
Other provisions 0 0 (H) 42,584 (I) 41,892
Total provisions 12,482 9,406 47,656 52,433

238
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2018-19
Gratuity 4699
Less: Reclassified as liabilities of a disposal group classified as held for sale (refer note 16b) -3498

(B)
Particulars 2019-20
Compensated absences 423

(C)
Particulars 2018-19
Leave encashment 1272
Less: Reclassified as liabilities of a disposal group classified as held for sale (refer note 16b) -799

(D)
Particulars 2019-20
Bonus 767

(E)
Particulars 2018-19
Bonus 841

(F)
Particulars 2019-20
Bonus 2200
Provident fund 1523

(G)
Particulars 2018-19
Bonus 8653
Less: Reclassified as liabilities of a disposal group classified as held for sale (refer note 16b) -307
Providend fund 521

(H)
Particulars 2019-20
Contingencies 42584

(I)
Particulars 2018-19
Contingencies 41892

Classification of inventories [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of inventories [Axis] Company inventories [Member] Raw materials [Member]
01/04/2019 01/04/2018
31/03/2020 31/03/2019 to to
31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 69,506 51,402 (A) 51,459 (B) 42,103
Goods in transit 2,160 1,162
Valued at the lower Valued at the lower of
Mode of valuation of cost and net cost and net realisable
realisable value value

239
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Raw materials (in transit Rs.2,160 ; 31 March 2019: Rs.1,162)(1) 49104
Packing material 2355
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) 0

(B)
Particulars 2018-19
Raw materials (in transit Rs.1,162 ; 31 March 2018: Rs.1,364)(1) 37636
Packing material 6078
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) -1611

Classification of inventories [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of inventories [Axis] Work-in-progress [Member] Finished goods [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories (A) 0 (B) 0 (C) 13,571 (D) 6,427
Goods in transit 1,652 2,402
Valued at the lower Valued at the lower of Valued at the lower Valued at the lower of
Mode of valuation of cost and net cost and net realisable of cost and net cost and net realisable
realisable value value realisable value value

Footnotes
(A)
Particulars 2019-20
Work in progress 0
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) 0

(B)
Particulars 2018-19
Work in Progress 66
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) -66

(C)
Particulars 2019-20
Finished goods (in transit Rs.1,652 ; 31 March 2019: Rs. 2,402)(2) 13571
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) 0

(D)
Particulars 2018-19
Finished good 12632
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) -6205

240
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Classification of inventories [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of inventories [Axis] Stores and spares [Member]
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets [Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories (A) 4,476 (B) 2,872
Mode of valuation Valued at cost Valued at cost

Footnotes
(A)
Particulars 2019-20
Stores and spares 4476
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) 0

(B)
Particulars 2018-19
Stores and spares 9233
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) -6361

Details of advances [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of advances [Axis] Advances [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 9,982 3,936 9,982 3,936
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

241
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of advances [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of advances [Axis] Capital advances [Member] Other Advances [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 6,519 2,276 3,463 1,660
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

Details of advances [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Deposits with statutory authorities
Classification of advances [Axis] Prepaid expenses [Member]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances (A) 2,751 (B) 948 712 712
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

242
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A) Prepaid expenses : 2751 Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) : 0
(B)
Particulars 2018-19
Prepaid expenses 955
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) -7

Details of advances [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of advances [Axis] Advances [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Secured considered good [Member]
[Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 10,057 14,009 0 0
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

243
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of advances [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of advances [Axis] Advances [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Doubtful [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 10,057 14,009 0 0
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

Details of advances [Table] ..(6)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of advances [Axis] Advances given suppliers [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Doubtful [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 1,329 1,848 (A) 0 (B) 0
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

244
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A) Considered doubtful : 874 Less: loss allowance for doubtful advances : -874
(B)
Particulars 2018-19
Considered doubtful 874
Less: loss allowance for doubtful advances -874

Details of advances [Table] ..(7)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of advances [Axis] Other Advances [Member]
Classification of assets based on security [Axis] Secured considered good [Member] Unsecured considered good [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 0 0 8,728 12,161
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

245
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of advances [Table] ..(8)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Deposits with statutory authorities
Classification of advances [Axis] Prepaid expenses [Member]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Secured considered good [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances (A) 3,970 (B) 4,120 0 0
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

Footnotes
(A)
Particulars 2019-20
Prepaid expenses and other advances 3970
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) 0

(B)
Particulars 2018-19
Prepaid expenses and other advances 4690
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) -570

246
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Details of advances [Table] ..(9)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Deposits with statutory authorities
Classification of advances [Axis]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 4,758 8,041
Details of advance due by directors other officers or others [Abstract]
Advance due by directors 0 0
Advance due by other officers 0 0
Total advance due by directors other officers or others 0 0
Details of advance due by firms or companies in which any director is
partner or director [Abstract]
Advance due by firms in which any director is partner 0 0
Advance due by private companies in which any director is director 0 0
Advance due by private companies in which any director is member 0 0
Total advance due by firms or companies in which any director is partner
0 0
or director

Other non-current financial liabilities others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other non-current financial liabilities others [Axis] 1 2
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other non-current financial
liabilities notes [Abstract]
Other non-current financial liabilities [Abstract]
Other non-current financial liabilities, others 507 2,261 0 -1,873
Other non-current financial liabilities others
[Abstract]
Other non-current financial liabilities
others [Line items]
Less: Reclassified as Less: Reclassified as
liabilities of a liabilities of a disposal
Description other non-current financial Deposits from Deposits from
disposal group group classified as
liabilities others distributors distributors
classified as held for held for sale (refer
sale (refer note 16b) note 16b)
Other non-current financial liabilities,
507 2,261 0 -1,873
others

Other non-current financial liabilities others [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other non-current financial liabilities others [Axis] 3
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of other non-current financial liabilities notes [Abstract]
Other non-current financial liabilities [Abstract]
Other non-current financial liabilities, others 16,909 9,897
Other non-current financial liabilities others [Abstract]
Other non-current financial liabilities others [Line items]
Long-term
Long-term maturities
Description other non-current financial liabilities others maturities of Lease
of Lease liabilities(1)
liabilities(1)
Other non-current financial liabilities, others 16,909 9,897

247
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Subclassification of trade receivables [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line
items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 9,061 0 9,061 0
Allowance for bad and doubtful debts 0 0 0 0
Total trade receivables 9,061 0 9,061 0
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 9,061 0
Total trade receivables due by
9,061 0
directors, other officers or others
Details of trade receivables due by firms
or companies in which any director is
partner or director [Abstract]
Trade receivables due by firms in
0 0
which any director is partner
Trade receivables due by private
companies in which any director is 0 0
director
Trade receivables due by private
companies in which any director is 0 0
member
Total trade receivables due by
firms or companies in which any 0 0
director is partner or director

248
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Subclassification of trade receivables [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line
items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 31,730 47,258 27,024 44,512
Allowance for bad and doubtful debts 4,705 2,746 0 0
Total trade receivables 27,025 44,512 27,024 44,512
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Total trade receivables due by
0 0
directors, other officers or others
Details of trade receivables due by firms
or companies in which any director is
partner or director [Abstract]
Trade receivables due by firms in
0 0
which any director is partner
Trade receivables due by private
companies in which any director is 0 0
director
Trade receivables due by private
companies in which any director is 0 0
member
Total trade receivables due by
firms or companies in which any 0 0
director is partner or director

Subclassification of trade receivables [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of assets based on security [Axis] Doubtful [Member]
31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 4,706 2,746
Allowance for bad and doubtful debts 4,705 2,746
Total trade receivables 1 0
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Total trade receivables due by directors, other officers or others 0 0
Details of trade receivables due by firms or companies in which any
director is partner or director [Abstract]
Trade receivables due by firms in which any director is partner 0 0
Trade receivables due by private companies in which any director is director 0 0
Trade receivables due by private companies in which any director is member 0 0
Total trade receivables due by firms or companies in which any director
0 0
is partner or director

249
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities and assets Textual information (59)
explanatory [TextBlock] [See below]
Textual information (60)
Disclosure of notes on trade receivables explanatory [TextBlock] [See below]
Disclosure of notes on other non-current assets explanatory Textual information (61)
[TextBlock] [See below]

Advances, non-current (A) 9,982 (B) 3,936

Total other non-current assets (C) 48,599 (D) 48,372
Textual information (62)
Disclosure of inventories Explanatory [TextBlock] [See below]
Textual information (63)
Disclosure of notes on cash and bank balances explanatory [TextBlock] [See below]
Fixed deposits with banks 0 0

Other deposits with banks (E) 1,46,725 (F) 23,973

Other balances with banks (G) 2,439 (H) 899
Total balance with banks 1,49,164 24,872
Cheques, drafts on hand 0 46
Cash on hand 0 93
Total cash and cash equivalents 1,49,164 25,011
Bank balance other than cash and cash equivalents 2 2
Total cash and bank balances 1,49,166 25,013
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than 12 months maturity 0 0
Disclosure of notes on other current financial assets explanatory Textual information (64)
[TextBlock] [See below]
Total other current financial assets 0 290
Textual information (65)
Disclosure of notes on other current assets explanatory [TextBlock] [See below]
Advances, current (I) 10,057 (J) 14,009
Total other current assets 10,057 14,009
Disclosure of notes on other non-current financial liabilities Textual information (66)
explanatory [TextBlock] [See below]

Total other non-current financial liabilities (K) 17,416 (L) 10,285

Textual information (67)
Disclosure of notes on provisions explanatory [TextBlock] [See below]

Contingencies Contingencies
Nature of other provisions

Disclosure of notes on other current financial liabilities Textual information (68)

explanatory [TextBlock] [See below]
Interest accrued on borrowings 0 0
Interest accrued on public deposits 0 0
Interest accrued others 0 0
Unpaid dividends 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Debentures claimed but not paid 0 0
Public deposit payable, current 0 0

Total other current financial liabilities (M) 10,631 (N) 4,031

Textual information (69)
Disclosure of other current liabilities notes explanatory [TextBlock] [See below]
Advance received from customers 2,551 1,392
Total other advance 2,551 1,392
Current liabilities portion of share application money pending
0 0
allotment
Total other current liabilities 5,688 10,661

250
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Capital advances 6519
Balances with government authorities 712
Prepaid expenses 2751
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) 0

(B)
Particulars 2018-19
Capital advances 2276
Balances with government authorities 712
Prepaid expenses 955
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) -7

(C)
Particulars 2019-20
Other non-current assets 34800
Non-current tax assets (net) 13799

(D)
Particulars 2018-19
Other non-current assets 25914
Non-current tax assets (net) 22458

(E)
Particulars 2019-20
- Term deposits with original maturity of less than three months 146725

(F)
Particulars 2018-19
- Term deposits with original maturity of less than three months 23973

(G)
Particulars 2019-20
- In current accounts 2439

(H)
Particulars 2018-19
- In current accounts 899

(I)
Particulars 2019-20
Balances with government authorities 4758
Prepaid expenses and other advances 3970
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) 0
Considered good 1329
Credit impaired 874
Less: Loss allowance -874

(J)
Particulars 2018-19
Balances with government authorities 8041
Prepaid expenses and other advances 4690
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) -570

251
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Considered good 1848

Credit impaired 874
Less: Loss allowance -874

(K)
Particulars 2019-20
Lease liabilities 16909
Other financial liabilities 507

(L)
Particulars 2018-19
Lease liabilities 9897
Other financial liabilities 388

(M)
Particulars 2019-20
Lease liabilities 9224
Other financial liabilities 1407

(N)
Particulars 2018-19
Lease liabilities 3424
Other financial liabilities 607

252
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (59)

Disclosure of subclassification and notes on liabilities and assets explanatory [Text Block]

Note 8: Non-current tax assets (net)

Particulars As at As at

31-Mar-20 31-Mar-19

Non-current tax asset (net) 13,799 22,458

13,799 22,458

Note 21: Trade payables

Particulars As at As at

31-Mar-20 31-Mar-19

Trade payables

- total outstanding dues of micro enterprises and small enterprises (see note below) 1,839 3,257

- total outstanding dues of creditors other than micro enterprises and small enterprises 84,960 1,05,576

Less: Reclassified as liabilities of a disposal group classified as held for sale (refer note 16b) - -2,471

86,799 1,06,362

Note: Details of dues of Micro and Small enterprises as defined in Micro, Small and Medium Enterprises Development Act, 2006, to the extent
the Company has received intimation from the 'Supplier' regarding their status under the Act.

Particulars As at As at

31-Mar-20 31-Mar-19

(i) the principal amount and the interest due thereon (to be shown separately) remaining unpaid to any
1,774 3,172
supplier as at the end of accounting year - Principal amount remaining unpaid, and

Interest accrued and remaining unpaid 7 6

(ii) the amount of interest paid by the buyer under Micro, Small and Medium Enterprises Development Act,

253
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

2006 along with the amounts of the payment made to the supplier beyond the appointed day during each - -
accounting year;

(iii) the amount of interest due and payable for the period (where the principal has been paid but interest
- -
under the Micro, Small and Medium Enterprises Development Act, 2006 not paid);

(iv) The amount of interest accrued and remaining unpaid at the end of accounting year; and 58 79

(v) The amount of further interest due and payable even in the succeeding year, until such date when the
interest dues as above are actually paid to the small enterprise, for the purpose of disallowance as a - -
deductible expenditure under section 23.

254
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (60)

Disclosure of notes on trade receivables explanatory [Text Block]

Note 11a: Trade receivables

Particulars As at As at

31-Mar-20 31-Mar-19

Considered good - unsecured (1) 9,061 -

Total receivables 9,061 -

1. Includes trade receivables from related parties as mentioned below :

Particulars As at As at

31-Mar-20 31-Mar-19

Trade receivables from related parties(4) 9,061 -

9,061 -

Note 11b: Trade receivables

Particulars As at As at

31-Mar-20 31-Mar-19

Considered good - unsecured (2) 27,024 44,512

Credit impaired (2) (3) 4,706 2,746

31,730 47,258

Less: Loss allowance -4,705 -2,746

Total receivables 27,025 44,512

255
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

2. Includes trade receivables from related parties as mentioned below :

Particulars As at As at

31-Mar-20 31-Mar-19

Trade receivables from related parties(4) 21,450 24,653

21,450 24,653

3. Refer note 37 for information about credit risk and market risk of trade receivables.

4. For terms and conditions of trade receivables owing from related parties, refer note 38.

Textual information (61)

Disclosure of notes on other non-current assets explanatory [Text Block]

Note 9: Other non-current assets

Particulars As at As at

31-Mar-20 31-Mar-19

(Considered good - unsecured)

Capital advances 6,519 2,276

Balances with government authorities 712 712

Duty and taxes paid under protest 24,818 21,978

Prepaid expenses 2,751 955

Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) - -7

34,800 25,914

256
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (62)

Disclosure of inventories Explanatory [Text Block]

Note 10: Inventories

Particulars As at As at

31-Mar-20 31-Mar-19

Valued at the lower of cost and net realisable value

Raw materials (in transit Rs.2,160 ; 31 March 2019: Rs.1,162)(1) 49,104 37,636

Work in progress - 66

Finished goods (in transit Rs.1,652 ; 31 March 2019: Rs. 2,402)(2) 13,571 12,632

Packing material 2,355 6,078

Stores and spares 4,476 9,233

Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) - -14,243

69,506 51,402

1. Includes amount of Rs. 6,443 as at 31 March 2019 and Nil as at 31 March 2020 with respect to concentrate / semi finished
goods held for trading and manufacturing purposes.

2. The segregation of finished goods inventory between own manufactured and traded goods cannot be ascertained.

3. The cost of inventories recognised as an expense during the year in respect of continuing operations is Rs. 271,010 (31 March
2019 - Rs. 323,110)

4. Amount of all losses of inventory is included in other expense under caption "Inventory loss / inventory written off".

257
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (63)

Disclosure of notes on cash and bank balances explanatory [Text Block]

Note 12: Cash and cash equivalents

Particulars As at As at

31-Mar-20 31-Mar-19

Balances with banks

- In current accounts 2,439 899

- Term deposits with original maturity of less than three months 1,46,725 23,973

Cheques, drafts on hand - 46

Cash on hand - 93

1,49,164 25,011

Note 13: Other bank balances

Particulars As at As at

31-Mar-20 31-Mar-19

Deposits (pledged with government authorities) 2 2

2 2

258
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (64)

Disclosure of notes on other current financial assets explanatory [Text Block]

Note 14: Current - other financial assets

Particulars As at As at

31-Mar-20 31-Mar-19

(Considered good - unsecured)

Receivables from related parties (refer note 38) - 195

Other receivables - 95

- 290

259
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (65)

Disclosure of notes on other current assets explanatory [Text Block]

Note 15: Other current assets

Particulars As at As at

31-Mar-20 31-Mar-19

(Considered good - unsecured unless otherwise stated)

Advances to suppliers

Considered good 1,329 1,848

Credit impaired 874 874

Less: Loss allowance -874 -874

1,329 1,848

Balances with government authorities 4,758 8,041

Prepaid expenses and other advances 3,970 4,690

Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) - -570

10,057 14,009

260
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (66)

Disclosure of notes on other non-current financial liabilities explanatory [Text Block]

Note 19a: Lease liabilities

Particulars As at As at

31-Mar-20 31-Mar-19

(Unsecured)

Long-term maturities of Lease liabilities(1) 16,909 9,897

16,909 9,897

1. Refer note 43 for details with respect to repayment of lease liabilities.

Note 20a: Non-current- other financial liabilities

Particulars As at As at

31-Mar-20 31-Mar-19

Deposits from distributors 507 2,261

Less: Reclassified as liabilities of a disposal group classified as held for sale (refer note 16b) - -1,873

507 388

261
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (67)

Disclosure of notes on provisions explanatory [Text Block]

(All amounts stated in Rs. lakh, unless otherwise stated)

Note 23: Provisions

Particulars As at As at

31-Mar-20 31-Mar-19

Current Non-current Current Non-current

Provision for employee benefits (refer note 40)

Gratuity 926 10,134 4,699 7,313

Compensated absences 423 1,581 1,272 1,252

Bonus 2,200 767 8,653 841

Provident fund 1,523 - 521 -

Less: Reclassified as liabilities of a disposal group classified as held for sale

- - -4,604 -
(refer note 16b)

Other provisions

Contingencies 42,584 - 41,892 -

47,656 12,482 52,433 9,406

1. Movement in other provisions

Provision for
Particulars
contingencies

Indirect Local / municipal and other

Market fees1 Stales2 Total
taxes3 demands4

Balance as at 1 April 2018 49 1,550 29,354 7,117 38,070

Provisions made during the year 68 7,262 1,345 8,675

-

Provisions utilised / reversed

262
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

during the year - -105 -3,609 -1,139 -4,853

Balance as at 31 March 2019 117 1,445 33,007 7,323 41,892

Provisions made during the year 10 198 2,692 1,499 4,399

Provisions utilised / reversed

- -2,672 -1,035 -3,707
during the year -

Balance as at 31 March 2020 127 1,643 33,027 7,787 42,584

1. Provision for market fees relates to possible liability for payment of market fees on sale, purchase and stock transfer of raw
material (potatoes) from / to the State of Punjab.

2. Provision for stales relates to claims for possible replacement / exchange of the products sold by retailers and stockists.

3. Provision related to indirect taxes are in respect of proceedings for various indirect tax related matters.

4. Provision for local/ municipal and other demands from suppliers / customers and local authorities.

263
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (68)

Disclosure of notes on other current financial liabilities explanatory [Text Block]

Note 19b: Lease liabilities

Particulars As at As at

31-Mar-20 31-Mar-19

(Unsecured)

Short-term maturities of Lease liabilities(1) 9,224 3,424

9,224 3,424

1. Refer note 43 for details with respect to repayment of lease liabilities.

Note 20b: Current- other financial liabilities

Particulars As at As at

31-Mar-20 31-Mar-19

Payable to employees 231 410

Creditors for purchase of property, plant and equipment 1,176 197

1,407 607

264
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (69)

Disclosure of other current liabilities notes explanatory [Text Block]

Note 22: Other current liabilities

Particulars As at As at

31-Mar-20 31-Mar-19

Statutory liabilities 3,137 9,269

Advance from customers 2,551 1,392

5,688 10,661

265
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[401200] Notes - Additional disclosures on balance sheet

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (70)
Disclosure of additional balance sheet notes explanatory [TextBlock] [See below]
Additional balance sheet notes [Abstract]
Contingent liabilities and commitments [Abstract]
Classification of contingent liabilities [Abstract]
Claims against company not acknowledged as debt (A) 2,78,018 (B) 2,65,797
Total contingent liabilities 2,78,018 2,65,797
Classification of commitments [Abstract]
Estimated amount of contracts remaining to be executed on
capital account and not provided for (C) 53,989 (D) 28,656
Total commitments 53,989 28,656
Total contingent liabilities and commitments 3,32,007 2,94,453
Details regarding dividends [Abstract]
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Details of deposits [Abstract]
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Details of share application money received and paid [Abstract]
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Share application money received and due for refund 0 0
Details regarding cost records and cost audit[Abstract]
Details regarding cost records [Abstract]
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No No
2014
Net worth of company 0 0
Details of unclaimed liabilities [Abstract]
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Financial parameters balance sheet items [Abstract]
Investment in subsidiary companies 0 0
Investment in government companies 0 0
Amount due for transfer to investor education and protection fund
0 0
(IEPF)
Gross value of transactions with related parties 0 0
Number of warrants converted into equity shares during period [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0

266
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Excise, service tax and custom matters 52548
Sales tax matters 59229
Income tax matters 166241

(B)
Particulars 2018-19
Excise, service tax and custom matters 51150
Sales tax matters 62358
Income tax matters 152289

(C)
Particulars 2019-20
Advertisement and marketing commitments 7899
Property, plant and equipment (net of advances) 46090

(D)
Particulars 2018-19
Advertisement and marketing commitments 3727
Property, plant and equipment (net of advances) 24929

267
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (70)

Disclosure of additional balance sheet notes explanatory [Text Block]

(All amounts stated in Rs. lakh, unless otherwise stated)

Note 36: Capital management

The Company manages its capital so as to safeguard its ability to continue as a going concern and to optimise returns to its
shareholders. The capital structure of the Company is based on management’s judgement of its strategic and day-to-day needs
with a focus on total equity so as to maintain investors, creditors and market confidence.

The Company monitors capital using a ratio of “Net Debt” to “Total Equity”. For this purpose, Net Debt is defined as total
liabilities less cash and cash equivalents. Total equity comprises of equity share capital and other equity.

During the financial year ended 31 March 2020, no significant changes were made in the objectives, policies or processes
relating to the management of the Company’s capital structure.

The Company's net debt to total equity ratio is as follows:

Particulars As at As at

31-Mar-20 31-Mar-19

Total liabilities 1,80,672 2,02,128

Less: Cash and cash equivalents -1,49,164 -25,011

Net debt 31,508 1,77,116

Equity share capital 3,69,499 3,69,499

Other equity -1,040 -33,606

Total Equity 3,68,459 3,35,893

Net debt to total equity ratio 0.09 0.53

Note 46: Transfer pricing

The Company has a comprehensive system of maintenance of information and documents as required by the Transfer Pricing
legislation under Section 92-92F of the Income-tax Act, 1961. As the law requires existence of such information and
documentation to be contemporaneous in nature, the Company, for the current financial year, expects such records to be in

268
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

existence latest by the date of filing the income tax return as required under the law. The management is of the opinion that its
international and domestic transactions are at arm's length so that the aforesaid legislation will not have any impact on the
financial statements, particularly on the amount of tax expense and that of provision for taxation.

Note 47: Investment in bottlers

The Company had made investments in certain Bottlers’ companies in the form of equity and redeemable preference shares in
accordance with the terms of the Shareholders Agreement.

In respect of the Investment in redeemable Preference Shares of Pearl Drinks Limited, Pearl Bottling Private Limited and Pearl
Beverages Limited, aggregating to Rs. 5,688 were due for redemption by March 2011. Out of the total due, Rs.4,722 were
redeemed in 2010-11. The Company does not expect to recover any further amount from these investments. Hence, an
impairment allowance was recorded in the earlier years.

In respect of the Investment in Preference Shares of SMV Beverages Ltd aggregating Rs. 4,063 were due for redemption by
March 2011. Till 31 March 2014, preference shares aggregating to Rs. 2,222 were redeemed at a premium of Rs. 1,778. The
gain on sale of investment was recognized in the statement of profit and loss account when it was redeemed.

Note 50: World Health Organization (WHO) declared outbreak of Corona virus disease (COVID-19) a global pandemic.
COVID-19 continues to spread across the globe including India, which has contributed to a significant decline and volatility in
global and Indian financial markets and a significant decrease in global and local economic activities. In view of the highly
uncertain economic environment, the extent to which the COVID-19 pandemic will impact the business of the Company depends
upon future developments that cannot be predicted reliably at this stage.

However, based on the preliminary estimates, the Company does not foresee any significant incremental risk to the recoverability
of its assets or in meeting its financial obligations over the foreseeable future, given early and required steps taken to contain,
protect and mitigate the exposure. Pursuant to the relaxed guidelines, the Company has also resumed its operations. Since the
situation is continuously evolving, the impact assessed in future may be different from the estimates made as at the date of
approval of these financial statements. The Company will continue to closely monitor any material changes arising due to the
impact of this pandemic/future economic conditions impacting the financial and operational performance of the Company and
take necessary measures to address the situation.

[611800] Notes - Revenue

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019
to
31/03/2020
Textual information (71)
Disclosure of revenue [TextBlock] [See below]

269
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (71)

Disclosure of revenue [Text Block]

The Effective 1 April 2018, the Company has applied Ind AS 115: Revenue from Contracts with Customers which establishes a
comprehensive framework for determining whether, how much and when revenue is to be recognised. Ind AS 115 replaces Ind
AS 18 Revenue. The impact of the adoption of the standard on the financial statements of the Company is insignificant. Revenue
is measured based on the consideration specified in a contract with a customer and excludes amounts collected on behalf of
third parties, if any. The Company recognizes revenue when it transfers control over a product or service to a customer.

To determine whether to recognize revenue, the Company follows a 5-step process:

• Identifying the contract with a customer

• Identifying the performance obligations

• Determining the transaction price

• Allocating the transaction price to the performance obligations

• Recognising revenue when/as performance obligation(s) are satisfied.

a) Sale of goods:

Revenue from the sale of goods in the course of ordinary activities is measured at the fair value of the consideration received or
receivable are inclusive of excise duty, net of returns, trade discounts, volume rebates and goods and service tax (GST). This
inter alia involves discounting of the consideration due to the present value if payment extends beyond normal credit terms.
Revenue is recognised when the significant risks and rewards of ownership have been transferred to the buyer, recovery of the
consideration is probable, the associated costs and possible return of goods can be estimated reliably, there is no continuing
effective control over, or managerial involvement with, the goods, and the amount of revenue can be measured reliably. The
timing of transfers of risks and rewards varies depending on the individual terms of sale.

b) Rendering of services:

Revenue from services is recognised in the accounting period in which the services are rendered on the basis of service
agreements entered between the Company and its group companies.

c) Interest income:

Interest income or expense is recognised using the effective interest method.

The ‘effective interest rate’ is the rate that exactly discounts estimated future cash payments or receipts through the expected life
of the financial instrument to:

- the gross carrying amount of the financial asset; or

- the amortised cost of the financial liability.

270
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

d) Royalty:

Royalty income is recognised on the terms of the underlying agreement.

[612400] Notes - Service concession arrangements

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of service concession arrangements [TextBlock]
Whether there are any service concession arrangments No No

[612000] Notes - Construction contracts

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of notes on construction contracts [TextBlock]
Whether there are any construction contracts Yes Yes

Revenue from construction contracts (A) 5,07,230 (B) 6,08,065

Textual information (72) Textual information (73)
Methods used to determine construction contract revenue recognised [See below] [See below]
Textual information (74) Textual information (75)
Methods used to determine stage of completion of construction in progress [See below] [See below]
Costs incurred and recognised profits (less recognised losses) (C) -4,705 (D) -2,746
Advances received for contracts in progress 2,551 1,392
Retention for contracts in progress 0 0
Gross amount due from customers for contract work as Assets 40,791 47,258

Gross amount due to customers for contract work as liability (E) 2,551 (F) 1,392
Progress billings 0 0

271
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Contracted Price 596023
Less : Trade discounts, volume rebates, etc. -88793

(B)
Particulars 2018-19
Contracted Price 750459
Less : Trade discounts, volume rebates, etc. -142394

(C)
Particulars 2019-20
Loss allowance -4705

(D)
Particulars 2018-19
Loss allowance -2746

(E)
Particulars 2019-20
Opening balance 1392
Addition during the year 2551
Revenue recognised during the year -1392

(F)
Particulars 2018-19
Opening balance 1083
Addition during the year 1392
Revenue recognised during the year -1083

Textual information (72)

Methods used to determine construction contract revenue recognised

The Effective 1 April 2018, the Company has applied Ind AS 115: Revenue from Contracts with Customers which establishes a comprehensive
framework for determining whether, how much and when revenue is to be recognised. Ind AS 115 replaces Ind AS 18 Revenue. The impact of the
adoption of the standard on the financial statements of the Company is insignificant. Revenue is measured based on the consideration specified in
a contract with a customer and excludes amounts collected on behalf of third parties, if any. The Company recognizes revenue when it transfers
control over a product or service to a customer.

Textual information (73)

Methods used to determine construction contract revenue recognised

The Effective 1 April 2018, the Company has applied Ind AS 115: Revenue from Contracts with Customers which establishes a comprehensive
framework for determining whether, how much and when revenue is to be recognised. Ind AS 115 replaces Ind AS 18 Revenue. The impact of the
adoption of the standard on the financial statements of the Company is insignificant. Revenue is measured based on the consideration specified in
a contract with a customer and excludes amounts collected on behalf of third parties, if any. The Company recognizes revenue when it transfers
control over a product or service to a customer.

272
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (74)

Methods used to determine stage of completion of construction in progress

The Effective 1 April 2018, the Company has applied Ind AS 115: Revenue from Contracts with Customers which establishes a
comprehensive framework for determining whether, how much and when revenue is to be recognised. Ind AS 115 replaces Ind
AS 18 Revenue. The impact of the adoption of the standard on the financial statements of the Company is insignificant. Revenue
is measured based on the consideration specified in a contract with a customer and excludes amounts collected on behalf of
third parties, if any. The Company recognizes revenue when it transfers control over a product or service to a customer.

To determine whether to recognize revenue, the Company follows a 5-step process:

• Identifying the contract with a customer

• Identifying the performance obligations

• Determining the transaction price

• Allocating the transaction price to the performance obligations

• Recognising revenue when/as performance obligation(s) are satisfied.

Textual information (75)

Methods used to determine stage of completion of construction in progress

The Effective 1 April 2018, the Company has applied Ind AS 115: Revenue from Contracts with Customers which establishes a
comprehensive framework for determining whether, how much and when revenue is to be recognised. Ind AS 115 replaces Ind
AS 18 Revenue. The impact of the adoption of the standard on the financial statements of the Company is insignificant. Revenue
is measured based on the consideration specified in a contract with a customer and excludes amounts collected on behalf of
third parties, if any. The Company recognizes revenue when it transfers control over a product or service to a customer.

To determine whether to recognize revenue, the Company follows a 5-step process:

• Identifying the contract with a customer

• Identifying the performance obligations

• Determining the transaction price

• Allocating the transaction price to the performance obligations

• Recognising revenue when/as performance obligation(s) are satisfied.

273
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[612600] Notes - Employee benefits

Disclosure of defined benefit plans [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Defined benefit plans categories [Axis] 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of defined benefit plans [Abstract]
Disclosure of defined benefit plans [Line items]
Description of type of plan GRATUITY GRATUITY
Surplus (deficit) in plan [Abstract]
Defined benefit obligation, at present value 11,060 8,514
Plan assets, at fair value 0 0
Net surplus (deficit) in plan -11,060 -8,514
Actuarial assumption of discount rates 6.25% 6.90%
Actuarial assumption of expected rates of salary increases 9.00% 10.00%

Disclosure of net defined benefit liability (assets) [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Present value of
defined benefit
Net defined benefit liability (assets) [Axis] Net defined benefit liability (assets) [Member]
obligation
[Member]
Defined benefit plans categories [Axis] 1 1
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of net defined benefit liability
(assets) [Abstract]
Disclosure of net defined benefit liability
(assets) [Line items]
Description of type of plan Refer to child member Refer to child member Gratuity
Changes in net defined benefit liability
(assets) [Abstract]
Current service cost, net defined
813 922 813
benefit liability (assets)
Interest expense (income), net defined
624 739 624
benefit liability (assets)
Gain (loss) on remeasurement, net
defined benefit liability (assets)
[Abstract]
Actuarial losses (gains) arising from
changes in demographic assumptions,
-766 -1,251 -766
net defined benefit liability
(assets)
Actuarial losses (gains) arising from
changes in financial assumptions, net -1,876 -589 (A) -1,876
defined benefit liability (assets)
Total loss (gain) on
remeasurement, net defined -2,642 -1,840 -2,642
benefit liability (assets)
Payments from plan, net defined benefit
1,931 1,624 1,931
liability (assets)
Increase (decrease) through other
changes, net defined benefit 398 -3,499 398
liability (assets)
Total increase (decrease) in net
2,546 -1,622 2,546
defined benefit liability (assets)
Net defined benefit liability (assets) at
11,060 8,514 10,136 11,060
end of period

(A)

274
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Particulars 2019-20
Loss from change in financial assumptions 1606
Experience loss 270

Disclosure of net defined benefit liability (assets) [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Present value of defined benefit
Net defined benefit liability (assets) [Axis] Plan assets [Member]
obligation [Member]
Defined benefit plans categories [Axis] 1 1
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of net defined benefit liability
(assets) [Abstract]
Disclosure of net defined benefit liability
(assets) [Line items]
Description of type of plan Gratuity Gratuity Gratuity
Changes in net defined benefit liability
(assets) [Abstract]
Current service cost, net defined
922
benefit liability (assets)
Interest expense (income), net defined
739
benefit liability (assets)
Gain (loss) on remeasurement, net
defined benefit liability (assets)
[Abstract]
Actuarial losses (gains) arising from
changes in demographic assumptions,
-1,251
net defined benefit liability
(assets)
Actuarial losses (gains) arising from
changes in financial assumptions, net -589
defined benefit liability (assets)
Total loss (gain) on
remeasurement, net defined -1,840
benefit liability (assets)
Payments from plan, net defined benefit
1,624
liability (assets)
Increase (decrease) through other
changes, net defined benefit -3,499
liability (assets)
Total increase (decrease) in net
-1,622 0 0
defined benefit liability (assets)
Net defined benefit liability (assets) at
8,514 10,136 0 0
end of period

Disclosure of net defined benefit liability (assets) [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Domestic defined
Defined benefit plans [Axis] benefit plans
[Member]
Plan assets
Net defined benefit liability (assets) [Axis]
[Member]
Defined benefit plans categories [Axis] 1
31/03/2018
Disclosure of net defined benefit liability (assets) [Abstract]
Disclosure of net defined benefit liability (assets) [Line items]
Net defined benefit liability (assets) at end of period 0

275
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (76)
Disclosure of employee benefits [TextBlock] [See below]
Disclosure of defined benefit plans [TextBlock]
Whether there are any defined benefit plans Yes Yes
Disclosure of net defined benefit liability (assets) [TextBlock]

276
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (76)

Disclosure of employee benefits [Text Block]

Note 40: Employee benefits

Defined contribution plans

The Company makes contributions, determined as a specified percentage of employee salaries, in respect of qualifying
employees towards Provident Fund and Superannuation fund, which is a defined contribution plan. The company has no
obligations other than to make the specified contributions. The contributions are charged to the Statement of Profit and Loss as
they accrue. The amount recognised as an expense towards contribution to Provident Fund and Superannuation Fund for the
year aggregated to Rs. 2,400 (31 March 2019: Rs. 2,938)

Defined benefit plans

(i) Contributions to provident fund:

In respect of certain employees, provident fund contributions are made to a trust administered by the Company. The interest rate
payable to the members of the trust shall not be lower than the statutory rate of interest declared by the Central Government
under the Employees Provident Funds and Miscellaneous Provisions Act, 1952 and shortfall, if any, shall be made good by the
Company. The liability in respect of the shortfall of interest earnings of the Fund is determined on the basis of an actuarial
valuation.

The paragraph 29 of Ind AS 19 ‘Employee Benefits’ states that Provident Funds set up by employers that guarantee a specified
rate of return and which require interest shortfall to be met by the employer would be defined benefit plans in accordance with the
requirements of paragraph 30(a) of Ind AS 19. Pursuant to the aforementioned, the Company has accounted for the liability in
respect of the shortfall of interest earnings of Provident Fund aggregating Rs.1,523 (31 March 2019 : Rs 521) determined on the
basis of an actuarial valuation carried out as at Balance Sheet date.

Particulars As at As at

31-Mar-20 31-Mar-19

Present value of obligation 31,206 30,601

Fair value of plan assets 29,683 30,080

Net (liability) -1,523 -521

(ii) Gratuity

Gratuity is payable to all eligible employees of the Company on retirement or separation from the Company.

The following table sets out the status of the defined benefit plan as required under IND AS 19 - Employee Benefits:

(a) Changes in present value of defined benefit obligation:

277
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Particulars Present value

of obligation

Balance as at 1 April 2018 10,136

Current service cost 922

Interest expense 739

Total amount recognised in Statement of profit or loss 1,661

Remeasurements

Loss from change in demographic assumptions 1,251

Loss from change in financial assumptions 419

Experience loss 169

Total amount recognised in Statement of other comprehensive income 1,839

Acquisition Adjustment -3,498

Benefit payments -1,624

Balance as at 31 March 2019 8,514

Current service cost 813

Interest expense 624

Total amount recognised in Statement of profit or loss 1,437

Remeasurements

Loss from change in demographic assumptions 766

Loss from change in financial assumptions 1,606

Experience loss 270

Total amount recognised in Statement of other comprehensive income 2,642

Acquisition Adjustment 398

Benefit payments -1,931

278
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Balance as at 31 March 2020 11,060

Current portion of defined benefit obligation 926

Non-current portion of defined benefit obligation 10,134

11,060

As the Company does not have any gratuity fund, the disclosures with respect to plan assets are not applicable.

The Company has a defined benefit gratuity plan in India, governed by the Payment of Gratuity Act, 1972. Plan entitles an
employee, who has rendered at least five years of continuous service, to gratuity at the rate of fifteen days wages for every
completed year of service or part thereof in excess of six months, based on the rate of wages last drawn by the employee
concerned.

(b) Assumptions:

1. Economic assumptions

Particulars As at As at

31-Mar-20 31-Mar-19

Discount rate 6.25% 6.90%

Salary growth rate:

- Executive employees 9.00% 10.00%

- Non- executive employees

Upto 2 years 13.00% 12.00%

Above 2 years 13.00% 10.00%

The discount rate is based on the prevailing market yields of Indian government securities as at the balance sheet date for the
estimated term of the obligations.

The salary escalation rate is based on estimates of salary increases, which takes into account inflation, promotion and other
relevant factors.

2. Demographic assumptions:

279
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Particulars As at As at

31-Mar-20 31-Mar-19

Retirement age 60 Years 60 Years

Withdrawal rate, based on age

Upto 44 years

- Executive employees 15.00% 21.00%

- Non-executive employees 0.13% 1.00%

Above 44 years

- Executive employees 8.00% 15.00%

- Non-executive employees 0.00% 1.00%

Mortality rate Indian Assured Lives Mortality (2012-14) Indian Assured Lives Mortality (2006-08)

(c) Sensitivity analysis

Reasonably possible changes at the reporting date to one of the relevant actuarial assumptions, holding other assumptions
constant, would have affected the defined benefit obligation by the amounts shown below.

Impact on defined benefit

Particulars
obligation

Increase in Decrease in
Change in assumption
assumption assumption

As at As at As at As at As at As at

31-Mar-20 31-Mar-19 31-Mar-20 31-Mar-19 31-Mar-20 31-Mar-19

Discount rate 1% 1% -1,281 -649 1561 770

Salary growth
1% 1% 828 744 -942 -646
rate

Attrition rate 50% 50% -367 -404 598 752

Mortality rate 10% 10% -13 -4 13 4

280
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Although the analysis does not take account of the full distribution of cash flows expected under the plan, it does provide an
approximation of the sensitivity of the assumptions shown.

(d) The weighted average duration

The weighted average duration of the defined benefit obligation is 5 years (31 March 2019 – 5 years). The expected maturity
analysis of undiscounted gratuity is as follows:

Particulars 1 year 2 - 5 years 6 - 10 years More than 10 years Total

31-Mar-20

Defined benefit obligation 926 2,490 3,419 22,852 29,687

Total 926 2,490 3,419 22,852 29,687

31-Mar-19

Defined benefit obligation 1,539 3,567 3,168 10,830 19,104

Total 1,539 3,567 3,168 10,830 19,104

Detailed information to the extent provided by the actuary in the actuarial certificate has been included in the disclosure given above.

[612800] Notes - Borrowing costs

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of borrowing costs [TextBlock]
Whether any borrowing costs has been capitalised during the year No No

281
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[700100] Notes - Key managerial personnels and directors remuneration and other information

Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Key managerial personnels and directors [Axis] 1 2 3 4
01/04/2019 01/04/2019 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2020 31/03/2020
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[Abstract]
Disclosure of key managerial personnels and directors
and remuneration to key managerial personnels and
directors [LineItems]
NITEEN
Name of key managerial personnel or director Sudipto Mozumdar Preeti Sureka SURYAKANT VINOD KAUSHAL
PRADHAN
Director identification number of key managerial
03302828 08563464 03129144
personnel or director
Permanent account number of key managerial
AENPM6626D AJXPP3658B AADPK5427C
personnel or director
Date of birth of key managerial personnel or
28/07/1971 31/10/1959 19/12/1971
director
Designation of key managerial personnel or director Director Director Director Company Secretary
Qualification of key managerial personnel or
MBA B.E./B.Tech CS, LLB
director
Shares held by key managerial personnel or director [shares] 0 [shares] 0 [shares] 0 [shares] 0
Key managerial personnel or director remuneration
[Abstract]
Gross salary to key managerial personnel or
director [Abstract]
Salary key managerial personnel or director 55.6 34.3 183.41 196.96
Perquisites key managerial personnel or
5.83 0.33 0.05 0.02
director
Profits in lieu of salary key managerial
0 0 0 0
personnel or director
Gross salary to key managerial personnel or
61.43 34.63 183.46 196.98
director
Sitting fees key managerial personnel or
0 0 0 0
director
Stock option key managerial personnel or
0 0 54.49 127.4
director
Sweat equity key managerial personnel or
0 0 0 0
director
Commission as percentage of profit key
0 0 0 0
managerial personnel or director
Other commission key managerial personnel or
0 0 0 0
director
Other compensation key managerial personnel or
3.6 0 6.85 0
director
Total key managerial personnel or director
65.03 34.63 244.8 324.38
remuneration

282
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[612200] Notes - Leases

Disclosure of finance lease and operating lease by lessee [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Later than one year and not later than
Maturity [Axis] Not later than one year [Member]
five years [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of finance lease and operating lease by
lessee [Abstract]
Disclosure of finance lease and operating lease
by lessee [Line items]
Minimum finance lease payments payable 2,156 5,269 4,217 12,431
Minimum finance lease payments payable at
9,224 3,424 14,936 7,956
present value
Future finance charge on finance lease 1,845 4,475
Minimum lease payments payable under
11,380 2,839 19,153 10,467
non-cancellable operating lease

Disclosure of finance lease and operating lease by lessee [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Maturity [Axis] Later than five years [Member]
31/03/2020 31/03/2019
Disclosure of finance lease and operating lease by lessee [Abstract]
Disclosure of finance lease and operating lease by lessee [Line items]
Minimum finance lease payments payable 484 3,236
Minimum finance lease payments payable at present value 1,973 1,941
Future finance charge on finance lease 1,295
Minimum lease payments payable under non-cancellable operating lease 2,457 4,666

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (77)
Disclosure of leases [TextBlock] [See below]
Whether company has entered into any lease agreement Yes Yes
Disclosure of finance lease and operating lease by lessee [TextBlock]
Whether any operating lease has been converted to financial lease or
No No
vice-versa

283
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (77)

Disclosure of leases [Text Block]

Note 43: Leases

The Company has adopted Ind AS 116 'Leases' from 1 April 2019, which resulted in changes in accounting policies in the
standalone financial statements.

Ind AS 116 ‘Leases’ replaces Ind AS 17 ‘Leases’ along with three Interpretations (Appendix A ‘Operating Leases-Incentives’,
Appendix B ‘Evaluating the Substance of Transactions Involving the Legal Form of a Lease’ and Appendix C ‘Determining
whether an Arrangement contains a Lease’). The Company has used the ‘Modified Retrospective Approach’ for transitioning to
Ind AS 116, and taken the cumulative adjustment to retained earnings, on the date of initial application (1 April 2019).
Accordingly, comparatives for the year ended 31 March 2019 have not be retrospectively adjusted.

For contracts in place at the date of initial application, the Company has elected to apply the definition of a lease from Ind AS 17
and Appendix C and has not applied Ind AS 116 to arrangements that were previously not identified as lease under Ind AS 17
and Appendix C.

On adoption of Ind AS 116, the Company recognised lease liabilities and right of use assets in relation to leases which had
previously been classified as ‘operating leases’ under the principles of Ind AS 17 "Leases", except for those identified as
low-value or having a remaining lease term of less than 12 months from the date of initial application. On transition, for leases
previously accounted for as operating leases with a remaining lease term of less than 12 months and for leases of low-value
assets the Company has applied the optional exemptions to not recognise right-of-use assets but to account for the lease
expense on a straightline basis over the remaining lease term.

Lease liabilities are measured at the present value of the lease payments, discounted using the lessee’s incremental borrowing
rate as of 1 April 2019. The weighted average lessee’s incremental borrowing rate applied to the lease liabilities on 1 April 2019
was ranging from 6.85% - 11.2% basis the tenure of lease.

The Company has elected not to include initial direct costs in the measurement of the right-of-use asset for operating leases in
existence at the date of initial application of Ind AS 116, being 01 April 2019. Also, the Company has benefited from the use of
hindsight for determining the lease term when considering options to extend and terminate leases.

Instead of performing an impairment review on the right-of-use assets at the date of initial application, the Company has relied on
its historic assessment as to whether leases were onerous immediately before the date of initial application of Ind AS 116.

The following is a reconciliation of the financial statement line items from Ind AS 17 to Ind
i)
AS 116 as at 1 April 2019:

(Rs. in lakhs)

Ind AS 116
Remeasurement
carrying amount at

01-Apr-19

Right-of-use assets 43,073 43,073

Property, plant & equipment- Leasehold land -5,441

-

Property, plant & equipment- Under Finance Lease Obligation -12,875

-

Lease liabilities -26,277 -39,598

284
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Retained earnings -988 -34,594

Other non-current assets- Prepaid expenses -407 548

Total -2,915 -30,571

The following is a reconciliation of total operating lease commitments at 31 March 2019 (as disclosed in the
ii)
financial statements to 31 March 2019) to the lease liabilities recognised at 1 April 2019:

(Rs. in
Lakhs)

Particulars Amount

Total operating lease commitments disclosed at 31 March 2019 17,972

Recognition exemptions:

• Leases with remaining lease term of less than 12 months -99

Operating Lease liability before discounting 17,873

Discounted using incremental borrowing rate -2,080

Operating lease liabilities 15,793

Reasonably certain extension options 10,484

Total Finance Lease obligation as on 31 March 2019 (Refer Note 19 (a) and 19 (b)) 13,321

Total lease liabilities recognised under Ind AS 116 at 1 April 2019 39,598

The net impact on retained earnings on 1 April 2019 was a decrease of Rs. (988) (net of adjustment of deferred
tax).

(Rs. in
iii) Lease liabilities are presented in the balance sheet as follows:
Lakhs)

Particulars As at

31-Mar-20

Current 9,224

Non-current 16,909

Total 26,133

285
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

The lease liabilities are secured by the related underlying assets. The maturity analysis of lease liabilities are disclosed in note
37(iii).

The Company has leases for the office , warehouse, cold storages and others. With the exception of short-term leases and
leases with variable lease payments, each lease is reflected on the balance sheet as a right-of-use asset and a lease liability.

Each lease generally imposes a restriction that, unless there is a contractual right for the Company to sublet the asset to another
party, the right-of-use asset can only be used by the Company. Leases are either non-cancellable or may only be cancelled by
incurring a substantive termination fee. Some leases contain an option to extend the lease for a further term. The Company is
prohibited from selling or pledging the underlying leased assets as security against the Company's other debts and liabilities. For
leases over office buildings and other premises the Company must keep those properties in a good state of repair and return the
properties in their original condition at the end of the lease.

iv) The recognised right-of-use assets relate to office building, warehouse and others as at 31 March 2020.

(Rs. in Lakhs)

Particulars Amount

Right-of-use assets- office building, warehouse and others

Balance as at 1 April 2019 (on account of initial application of Ind AS 116) 43,073

Add: Additions on account of new leases entered during the year 3,093

Less: Transfer to held for sale -4,578

Less: Termination/ modifications -5,053

Less: Amortisation expense charged on the right-of-use assets -9,041

Balance as at 31 March 2020 27,494

v) The following are amounts recognised in statement of profit and loss: (Rs. in Lakhs)

Particulars Year ended

31-Mar-20

Amortisation expense of right-of-use assets 9,041

Interest expense on lease liabilities 3,161

Rent expense 3,863

Total 16,065

vi) Lease payments not recognised as a liability (Rs. in Lakhs)

Particulars Year ended 31 March 2020

Expenses relating to short term leases (included in other expenses) 3,863

286
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Total 3,863

vii) At 31 March 2020, the Company does not have any commitment with respect to short-term leases .

viii) Total cash outflow for leases for the year ended 31 March 2020 was Rs. 15,972.

The table below describes the nature of the Company’s leasing activities
ix)
by type of right-of-use asset recognised on balance sheet:

Range of Average
No of right-of-use
Right-of-use asset remaining remaining lease
assets leased
term term

(in years) (in years)

Office Building 11 1-4 Year 1.59 Years

Warehouse 22 1-8 Year 2.22 Years

Car Leases 89 1-4 Year 1.65 Years

Copackers including embedded Lease 12 1-7 Year 2.65 Years

Leasehold land 5 79-93 Year 85 Years

The company has a right to extend/terminate its leasing arrangements beyond the initial agreement/lock in period. For the assessment of lease
term as per Ind AS 116, the management of the Company has considered the extension options and not considered the early termination options
wherever available for its property leases in its lease period assessment since the Company is likely to be benefited from a longer lease tenure.

Disclosures under Ind AS 116 for the year ended 31

x)
March 2020

Minimum lease payments in relation to non-cancellable

(Rs. in Lakhs)
leases are payable as follows:

Interest
Future minimum lease Present value of minimum
Particulars element of
payments (MLP) lease payments
MLP

Upto one year 11,380 2,156 9,224

One to five years 19,153 4,217 14,936

More than five years 2,457 484 1,973

Total 32,990 6,857 26,133

287
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[612300] Notes - Transactions involving legal form of lease

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of arrangements involving legal form of lease [TextBlock]
Whether there are any arrangements involving legal form of lease No No

[612900] Notes - Insurance contracts

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of insurance contracts [TextBlock]
Whether there are any insurance contracts as per Ind AS 104 No No

[613100] Notes - Effects of changes in foreign exchange rates

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of effect of changes in foreign exchange rates [TextBlock]
Whether there is any change in functional currency during the year No No
Description of presentation currency INR

[500100] Notes - Subclassification and notes on income and expenses

Miscellaneous other operating revenues [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Miscellaneous other operating revenues [Axis] 1 2
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 3,100 3,591 2,498 3,990
Miscellaneous other operating revenues [Abstract]
Miscellaneous other operating revenues
[LineItems]
Description of miscellaneous other operating Income from sale of Income from sale of
Royalty Royalty
revenues scrap and glasses scrap and glasses
Miscellaneous other operating revenues 3,100 3,591 2,498 3,990

288
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (78)
Subclassification and notes on income and expense explanatory [TextBlock] [See below]
Disclosure of revenue from operations [Abstract]
Textual information (79)
Disclosure of notes on revenue from operations explanatory [TextBlock] [See below]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 5,07,230 6,08,065
Revenue from sale of services 13,575 10,016
Other operating revenues 5,598 7,581
Other operating revenues 5,598 7,581
Total revenue from operations other than finance company 5,26,403 6,25,662
Total revenue from operations 5,26,403 6,25,662
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues (A) 5,598 (B) 7,581
Total other operating revenues 5,598 7,581
Total other operating revenues 5,598 7,581
Miscellaneous other operating revenues [Abstract]
Miscellaneous other operating revenues (A) 5,598 (B) 7,581
Disclosure of other income [Abstract]
Textual information (80)
Disclosure of notes on other income explanatory [TextBlock] [See below]
Interest income [Abstract]
Interest income on non-current investments [Abstract]
Interest on fixed deposits, non-current investments 9,991 2,332
Total interest income on non-current investments 9,991 2,332
Total interest income 9,991 2,332
Dividend income [Abstract]
Total dividend income 0 0
Other non-operating income [Abstract]
Net gain (loss) on foreign currency fluctuations treated as other
income [Abstract]
Net gain (loss) on foreign currency translation 1,445 0
Total net gain/loss on foreign currency fluctuations treated as
1,445 0
other income
Surplus on disposal, discard, demolishment and destruction of
1,110 0
depreciable property, plant and equipment
Interest on income tax refund 6,848 0

Liabilities written off (C) 2,047 (D) 3,547

Miscellaneous other non-operating income (E) 128 (F) 942
Total other non-operating income 11,578 4,489
Total other income 21,569 6,821
Disclosure of finance cost [Abstract]
Textual information (81)
Disclosure of notes on finance cost explanatory [TextBlock] [See below]
Interest expense [Abstract]
Other interest charges (G) 26 (H) 42
Total interest expense 26 42

Other borrowing costs (I) 3,161 (J) 2,075

Total finance costs 3,187 2,117
Employee benefit expense [Abstract]
Textual information (82)
Disclosure of notes on employee benefit expense explanatory [TextBlock] [See below]
Salaries and wages 47,475 63,483
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors 0 0
Total managerial remuneration 0 0

289
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Contribution to provident and other funds [Abstract]

Contribution to provident and other funds for others 2,956 3,520
Total contribution to provident and other funds 2,956 3,520
Employee share based payment [Abstract]
Employee share based payment- Equity settled (K) 2,399 (L) 2,862
Total employee share based payment 2,399 2,862
Staff welfare expense 1,256 2,195
Total employee benefit expense 54,086 72,060
Depreciation, depletion and amortisation expense [Abstract]
Disclosure of notes on depreciation, depletion and amortisation Textual information (83)
expense explanatory [TextBlock] [See below]

Depreciation expense (M) 18,913 (N) 33,460

Amortisation expense 89 67
Total depreciation, depletion and amortisation expense 19,002 33,527
Breakup of other expenses [Abstract]
Textual information (84)
Disclosure of notes on other expenses explanatory [TextBlock] [See below]
Consumption of stores and spare parts 1,590 1,578
Power and fuel 15,373 19,125

Rent (O) 3,863 (P) 13,711

Repairs to building 455 432
Repairs to machinery 4,114 5,037
Insurance 755 761
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes (Q) 7,351 (R) 2,100
Total rates and taxes excluding taxes on income 7,351 2,100
Research development expenditure 3,991 3,450

Telephone postage (S) 763 (T) 933

Travelling conveyance (U) 5,757 (V) 5,941
Legal professional charges 10,877 11,499
Directors sitting fees 0 0

Advertising promotional expenses (W) 51,669 (X) 53,988

Transportation distribution expenses (Y) 48,947 (Z) 57,115
Cost repairs maintenance other assets (AA) 3,992 (AB) 6,020
Cost royalty 4,468 4,005
Loss on disposal of intangible Assets 0 0
Loss on disposal, discard, demolishment and destruction of
depreciable property plant and equipment (AC) 1,161 (AD) 442
Payments to auditor [Abstract]
Payment for audit services 71 88
Payment for taxation matters 8 9
Payment for other services 0 14
Payment for reimbursement of expenses 5 10
Total payments to auditor 84 121
CSR expenditure 0 0

Miscellaneous expenses (AE) 12,374 (AF) 12,741

Total other expenses 1,77,584 1,98,999
Current tax [Abstract]
Current tax pertaining to current year 8,969 690
Total current tax 8,969 690

290
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Income from sale of scrap and glasses 3100
Royalty 2498

(B)
Particulars 2018-19
Income from sale of scrap and glasses 3591
Royalty 3990

(C)
Particulars 2019-20
Liabilities / provisions no longer required, written back 2047

(D)
Particulars 2018-19
Liabilities / provisions no longer required, written back 3547

(E)
Particulars 2019-20
Miscellaneous income 21
- Security deposits 107

(F)
Particulars 2018-19
Miscellaneous income 777
- Security deposits 165

(G)
Particulars 2019-20
Interest on bank overdraft 26

(H)
Particulars 2018-19
Interest on bank overdraft 42

(I)
Particulars 2019-20
Finance cost on lease liabilities (refer note 43) 3161

(J)
Particulars 2018-19
Finance cost on lease liabilities (refer note 43) 2075

(K)
Particulars 2019-20
Employee share based payment expense (refer note 41) 2399

(L)
Particulars 2018-19
Employee share based payment expense (refer note 41) 2862

(M)
Particulars 2019-20
Depreciation on right of use assets (refer note 43) 9041

291
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Depreciation on investment property 0

Depreciation on property, plant and equipment 9872

(N)
Particulars 2018-19
Depreciation on right of use assets (refer note 43) 0
Depreciation on investment property 134
Depreciation on property, plant and equipment 33326

(O)
Particulars 2019-20
Rent (refer note 43) 3863

(P)
Particulars 2018-19
Rent (refer note 43) 13711

(Q)
Particulars 2019-20
Rates and taxes 7351

(R)
Particulars 2018-19
Rates and taxes 2100

(S)
Particulars 2019-20
Communication 763

(T)
Particulars 2018-19
Communication 933

(U)
Particulars 2019-20
Travelling and conveyance 5757

(V)
Particulars 2018-19
Travelling and conveyance 5941

(W)
Particulars 2019-20
Advertising and marketing 51669

(X)
Particulars 2018-19
Advertising and marketing 53988

(Y)
Particulars 2019-20
Clearing, forwarding and distribution expenses (net of freight recoveries) 48947

(Z)
Particulars 2018-19
Clearing, forwarding and distribution expenses (net of freight recoveries) 57115

292
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

(AA)
Particulars 2019-20
Others 3992

(AB)
Particulars 2018-19
Others 6020

(AC)
Particulars 2019-20
Net loss on sale / disposal of property, plant and equipment 1161

(AD)
Particulars 2018-19
Net loss on sale / disposal of property, plant and equipment 442

(AE)
Particulars 2019-20
Miscellaneous expenses 5242
Inventory loss / inventory written off 5173
Loss allowance on trade receivables 1959
Net foreign exchange loss 0
0

(AF)
Particulars 2018-19
Miscellaneous expenses 5916
Inventory loss / inventory written off 5496
Loss allowance on trade receivables 535
Net foreign exchange loss 795
-1

293
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (78)

Subclassification and notes on income and expense explanatory [Text Block]

Note 26: Cost of material consumed

Particulars For the year ended For the year ended

31-Mar-20 31-Mar-19

Raw material consumed 1,78,589 1,92,689

Packing material consumed 57,764 86,698

2,36,353 2,79,387

Note 27: Purchase of stock-in-trade

Particulars For the year ended For the year ended

31-Mar-20 31-Mar-19

Purchase of stock-in-trade 32,839 40,976

32,839 40,976

<< This space has been intentionally left blank>>

Note 28: Changes in inventories of finished goods, stock-in-trade and work-in-progress

Particulars For the year ended For the year ended

31-Mar-20 31-Mar-19

Balance at the beginning of the year

-Finished goods (gross of inventory allowance of Rs. 1,996) (1) 14,628 12,987

294
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

(1 April 2018 - Rs. 2,884) (1)

-Work-in-progress 66 32

14,694 15,863

Balance at the end of the year

-Finished goods (gross of inventory allowance of Rs. 895)(1) 14,466 14,628

(31 March 2019 - Rs. 1,996)(1)

-Work-in-progress - 66

14,466 14,694

228 1,169

1. This allowance is included in other expense under caption "Inventory loss / inventory written off".

Note 33: Reconciliation of liabilities arising from financing activities pursuant to Ind AS 7 -
Cash flows

The changes in the Company’s liabilities arising from financing activities can be classified as
follows:

Non-current
Particulars Current
borrowings

borrowings

As at 1 April 2018 16,357 10,000

Cash adjustments

Cash outflows -3,897 -10,000

Interest paid - -42

Interest accruals/expense - 42

Unwinding of interest on lease liability 861 -

As at 31 March 2019 13,321 -

295
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Cash adjustments

Cash outflows -12,109 -

Non-cash adjustments 21,761 -

Unwinding of interest on lease liability 3,160 -

As at 31 March 2020 26,133 -

296
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (79)

Disclosure of notes on revenue from operations explanatory [Text Block]

(All amounts stated in Rs. lakh, unless otherwise stated)

Note 24: Revenue from operations

Particulars For the year ended For the year ended

31-Mar-20 31-Mar-19

Sale of products 5,07,230 6,08,065

Sale of products (A) 5,07,230 6,08,065

Sale of services (B) 13,575 10,016

Other operating revenue

Income from sale of scrap and glasses 3,100 3,591

Royalty 2,498 3,990

Total other operating revenue (C) 5,598 7,581

Total revenue from operations (A+B+C) 5,26,403 6,25,662

A) Reconciliation of Revenue from sale of products with the contracted price

For the year For the year

Particulars
ended ended

31-Mar-20 31-Mar-19

Contracted Price 5,96,023 7,50,459

Less : Trade discounts, volume rebates, etc. -88,793 -1,42,394

Sale of products 5,07,230 6,08,065

297
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

B) Disaggregation of revenue

Set out below is the disaggregation of the Company’s revenue from contracts with
customers:

For the year For the year

Particulars
ended ended

31-Mar-20 31-Mar-19

Sales of goods

(a) Snacks 4,05,584 3,73,195

(b) Beverages 1,01,646 2,34,870

5,07,230 6,08,065

Sales of services

Service fees income 13,575 10,016

13,575 10,016

Other operating revenue

Income from sale of scrap 3,100 3,591

Royalty 2,498 3,990

5,598 7,581

Total revenue covered under Ind AS 115 5,26,403 6,25,662

The Company has disaggregated the revenue from contracts with customers on the basis of nature of products into snacks and
beverages business. The Company believes that the disaggregation of revenue on the basis of nature of products have no
impact on the nature, amount, timing and uncertainty of revenue and cash flows.

C) Contract balances

The following table provides information about receivables and contract liabilities from contract with customers:

For the year For the year

Particulars
ended ended

31-Mar-20 31-Mar-19

Contract Liabilities

298
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Customer credit balances, advances and other payable 2,551 1,392

Sub- Total 2,551 1,392

Receivables

Trade receivables 40,791 47,258

Less : Loss allowance -4,705 -2,746

Net receivables 36,086 44,512

D) Revenue recognised in the reporting period included in contract liability in the beginning
of the year

For the year For the year

Particulars
ended ended

31-Mar-20 31-Mar-19

Opening balance 1,392 1,083

Addition during the year 2,551 1,392

Revenue recognised during the year -1,392 -1,083

2,551 1,392

299
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (80)

Disclosure of notes on other income explanatory [Text Block]

Note 25: Other income

Particulars For the year ended For the year ended

31-Mar-20 31-Mar-19

Interest income on:

- Fixed deposits 9,991 2,332

- Income tax refund 6,848 -

- Security deposits 107 165

Gain on sale of Investment property 1,110 -

Liabilities / provisions no longer required, written back 2,047 3,547

Net foreign exchange Income 1,445 -

Miscellaneous income 21 777

21,569 6,821

Textual information (81)

Disclosure of notes on finance cost explanatory [Text Block]

Note 30: Finance costs

Particulars For the year ended For the year ended

31-Mar-20 31-Mar-19

Interest expense

Interest on bank overdraft 26 42

Other borrowing costs

Finance cost on lease liabilities (refer note 43) 3,161 2,075

3,187 2,117

300
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (82)

Disclosure of notes on employee benefit expense explanatory [Text Block]

Note 29: Employee benefits expense

Particulars For the year ended For the year ended

31-Mar-20 31-Mar-19

Salaries, wages and bonus 47,475 63,483

Contribution to provident and other funds (refer note 40) 2,956 3,520

Employee share based payment expense (refer note 41) 2,399 2,862

Staff welfare expenses 1,256 2,195

54,086 72,060

Textual information (83)

Disclosure of notes on depreciation, depletion and amortisation expense explanatory [Text Block]

Note 31: Depreciation and amortisation expense

Particulars For the year ended For the year ended

31-Mar-20 31-Mar-19

Depreciation on property, plant and equipment 9,872 33,326

Amortisation on intangible assets 89 67

Depreciation on right of use assets (refer note 43) 9,041 -

Depreciation on investment property - 134

19,002 33,527

301
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (84)

Disclosure of notes on other expenses explanatory [Text Block]

Note 32: Other expenses

For the year

Particulars For the year ended
ended

31-Mar-20 31-Mar-19

Consumption of stores and spares 1,590 1,578

Repairs and maintenance

Machinery 4,114 5,037

Building 455 432

Others 3,992 6,020

Power and fuel 15,373 19,125

Rent (refer note 43) 3,863 13,711

Rates and taxes 7,351 2,100

Auditors’ remuneration (excluding applicable taxes)

Statutory audit 71 88

Tax audit 8 9

Other services 14
-

Reimbursement of expenses 5 84 10 121

Insurance 755 761

Travelling and conveyance 5,757 5,941

Loss allowance on trade receivables 1,959 535

Clearing, forwarding and distribution expenses (net of freight

48,947 57,115
recoveries)

Advertising and marketing 51,669 53,988

Communication 763 933

Inventory loss / inventory written off 5,173 5,496

Legal and professional fees 10,877 11,499

302
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Net loss on sale / disposal of property, plant and equipment 1,161 442

Royalty expense 4,468 4,005

Net foreign exchange loss 795

-

Research & development expenses 3,991 3,450

Miscellaneous expenses 5,242 5,916

1,77,584 1,98,999

[613200] Notes - Cash flow statement

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of cash flow statement [TextBlock]
Cash and cash equivalents cash flow statement 1,49,164 25,011 16,791
Cash and cash equivalents 1,49,164 25,011

Income taxes paid (refund), classified as operating activities (A) -9,602 (B) 7,111
Total income taxes paid (refund) -9,602 7,111

Footnotes
(A)
Particulars 2019-20
Income taxes paid (net) 9602

(B)
Particulars 2018-19
Income taxes paid (net) -7111

303
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[500200] Notes - Additional information statement of profit and loss

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (85)
Additional information on profit and loss account explanatory [TextBlock] [See below]
Aggregated income tax relating to components of other
comprehensive income that will not be reclassified to -923 0
profit or loss
Total aggregated income tax relating to components of other
-923 0
comprehensive income
Changes in inventories of finished goods (A) -939 (B) 355
Changes in inventories of work-in-progress (C) 66 (D) -34
Changes in other inventories (E) 1,101 (F) 848
Total changes in inventories of finished goods, work-in-progress and
228 1,169
stock-in-trade
Exceptional items before tax 1,304 0
Total exceptional items 1,304 0
Textual information (86)
Details of nature of exceptional items [See below]
Domestic sale manufactured goods (G) 5,07,230 (H) 6,08,065
Total domestic turnover goods, gross 5,07,230 6,08,065
Total revenue from sale of products 5,07,230 6,08,065

Domestic revenue services (I) 13,575 (J) 10,016

Total revenue from sale of services 13,575 10,016
Gross value of transaction with related parties 0 0
Bad debts of related parties 0 0

304
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Balance at the beginning of the year -Finished goods (gross of inventory allowance of Rs. 1,996) (1) 12632
Balance at the end of the year -Finished goods (gross of inventory allowance of Rs. 895)(1) -13571

(B)
Particulars 2018-19
Balance at the beginning of the year -Finished goods (gross of inventory allowance of Rs. 1,996) (1) 12987
Balance at the end of the year -Finished goods (gross of inventory allowance of Rs. 895)(1) -12632

(C)
Particulars 2019-20
Balance at the beginning of the year -Work-in-progress 66
Balance at the end of the year -Work-in-progress 0

(D)
Particulars 2018-19
Balance at the beginning of the year -Work-in-progress 32
Balance at the end of the year -Work-in-progress -66

(E)
Particulars 2019-20
Balance at the beginning of the year- inventory allowance 1996
Balance at the end of the year- inventory allowance -895

(F)
Particulars 2018-19
Balance at the beginning of the year- inventory allowance 2844
Balance at the end of the year- inventory allowance -1996

(G)
Particulars 2019-20
(a) Snacks 405584
(b) Beverages 101646

(H)
Particulars 2018-19
(a) Snacks 373195
(b) Beverages 234870

(I)
Particulars 2019-20
Service fees income 13575

(J)
Particulars 2018-19
Service fees income 10016

305
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (85)

Additional information on profit and loss account explanatory [Text Block]

Note 48: Profit/Loss on exceptional items

(i) During the year ended 31 March 2019, the management of the Company, pursuant to a Business Transfer Agreement dated
18 February 2019, divested on a going concern slump sale basis its undertakings(s) engaged in the manufacturing, marketing,
distribution and selling of soft drink beverages and syrup mix to Varun Beverages Limited on 1 May 2019 and 31 May 2019
respectively viz. the effective transfer date.

Accordingly, during the current year, Company has sold its assets and liabilities (classified as held-for-sale as on 31st March
2019) and have earned profit of Rs. 9,054 which has been disclosed as an exceptional item in statement of profit and loss

(ii) During the year ended 31 March 2020, the Company pursuant to the term sheet dated 20 March 2020, agreed to sell its
Investment in Joint Venture ('JV') (NourishCo Beverages Limited) to TATA Consumer Products Limited for a consideration of
Rs.1,300 for sale of shares in JV and Rs. 1,600 for relinquishing its' right in trademark and have executed the agreement on 18
May 2020 viz. the effective transfer date. Accordingly, the Company has recorded an exceptional loss of Rs. 7,750 during the
current year.

Note 49 : The Company has a receivable balance of INR 13,752 lacs (previous year Rs 16,114 lacs) from PepsiCo India Sales
Private Limited (‘PISPL’) as at 31 March 2020 which is related to sale of beverage products in the previous years.

The PISPL has accumulated losses amounting to Rs. 12,628 lakhs as at 31st March 2020 (previous year Rs. 16,099 lakhs),
which has resulted in negative net worth of Rs. 12,627 lakhs (previous year Rs. 16,098 lakhs). The PISPL has started export of
concentrate to Iran in FY 2019-2020. In view of the business vision contemplated for coming years, the management considers
that the subsidiary company will be able to generate adequate resources for repayment of its liability and accordingly, have
provided the future repayment plan to the Company.

Basis the repayment plan as shared by PISPL and applying expected credit loss method, the Company has recognised an
impairment loss of Rs. 2,836 on account of balances receivable from PISPL.

Textual information (86)

Details of nature of exceptional items

(i) During the year ended 31 March 2019, the management of the Company, pursuant to a Business Transfer Agreement dated
18 February 2019, divested on a going concern slump sale basis its undertakings(s) engaged in the manufacturing, marketing,
distribution and selling of soft drink beverages and syrup mix to Varun Beverages Limited on 1 May 2019 and 31 May 2019
respectively viz. the effective transfer date.

Accordingly, during the current year, Company has sold its assets and liabilities (classified as held-for-sale as on 31st March
2019) and have earned profit of Rs. 9,054 which has been disclosed as an exceptional item in statement of profit and loss

(ii) During the year ended 31 March 2020, the Company pursuant to the term sheet dated 20 March 2020, agreed to sell its
Investment in Joint Venture ('JV') (NourishCo Beverages Limited) to TATA Consumer Products Limited for a consideration of
Rs.1,300 for sale of shares in JV and Rs. 1,600 for relinquishing its' right in trademark and have executed the agreement on 18
May 2020 viz. the effective transfer date. Accordingly, the Company has recorded an exceptional loss of Rs. 7,750 during the
current year.

306
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[611200] Notes - Fair value measurement

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of fair value measurement [TextBlock]
Disclosure of fair value measurement of assets [TextBlock]
Whether assets have been measured at fair value No No
Disclosure of fair value measurement of liabilities [TextBlock]
Whether liabilities have been measured at fair value No No
Disclosure of fair value measurement of equity [TextBlock]
Whether equity have been measured at fair value No No

[613300] Notes - Operating segments

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (87)
Disclosure of entity's operating segments [TextBlock] [See below]
Disclosure of reportable segments [TextBlock]
Whether there are any reportable segments No No
Disclosure of major customers [TextBlock]
Whether there are any major customers No No

Textual information (87)

Disclosure of entity's operating segments [Text Block]

Note 39: Operating Segments

The Company has presented segment information in the consolidated financial statements which are presented in the same
financial report. Accordingly, in terms of Paragraph 3 and 4 of Ind AS 108 ‘Operating Segments’, no disclosures related to
segments are presented in this financial statements.

[610700] Notes - Business combinations

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of business combinations [TextBlock]
Whether there is any business combination No No
Disclosure of reconciliation of changes in goodwill [TextBlock]
Whether there is any goodwill arising out of business combination No No
Disclosure of acquired receivables [TextBlock]
Whether there are any acquired receivables from business combination No No
Disclosure of contingent liabilities in business combination [TextBlock]
Whether there are any contingent liabilities in business combination No No

307
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[611500] Notes - Interests in other entities

Disclosure of joint ventures [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Joint ventures [Axis] 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Latest audited balance sheet date 31/03/2020 31/03/2019
Disclosure of joint ventures [Abstract]
Disclosure of joint ventures [Line items]
(A) NourishCo Beverages (B) NourishCo Beverages
Name of joint venture Limited Limited
Country of incorporation of joint venture INDIA INDIA
Permanent account number of joint venture AADCN4844M AADCN4844M
CIN of joint venture U15500HR2010PLC041616 U15500HR2010PLC041616
Number of shares held of joint venture [shares] 10,65,00,000 [shares] 10,65,00,000
Amount of investment in joint venture 0 1,06,500
Latest audited balance sheet date 31/03/2020 31/03/2019
Whether joint venture has been considered in consolidation Yes Yes
Proportion of ownership interest in joint venture 50.00% 50.00%
Proportion of voting rights held in joint venture 50.00% 50.00%

Footnotes
(A) Manufacturing and selling of beverages.
(B) Manufacturing and selling of beverages.

Disclosure of associates [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Associates [Axis] 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of associates [Abstract]
Disclosure of associates [Line items]
Name of associate entity Pearl Drinks Limited Pearl Drinks Limited
Country of incorporation of associate INDIA INDIA
Permanent account number of associate entity AAACP1210C AAACP1210C
CIN of associate entity U15532DL1982PLC014664 U15532DL1982PLC014664
Latest audited balance sheet date 31/03/2020 31/03/2019
Whether associate has been considered in consolidation Yes Yes
Proportion of ownership interest in associate 26.00% 26.00%
Proportion of voting rights held in associate 26.00% 26.00%
Amount of investment in associate 9 9
Number of shares held of associate [shares] 88,400 [shares] 88,400
Net worth attributable to shareholding as per latest audited balance sheet
6.18 5.38
associate
Latest audited balance sheet date 31/03/2020 31/03/2019

308
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of details of subsidiaries [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Subsidiaries [Axis] 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
PEPSICO INDIA SALES PEPSICO INDIA SALES
Name of subsidiary PRIVATE LIMITED PRIVATE LIMITED
Country of incorporation or residence of subsidiary INDIA INDIA
CIN of subsidiary company U15549DL2003PTC122303 U15549DL2003PTC122303
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet No Yes
SRN of filing of balance sheet by subsidiary R07480908
Reason if no filing has been made by subsidiary NA
Whether financial year of subsidiary different from financial year of holding
No No
company
Financial year of subsidiary [Abstract]
Start date of accounting period of subsidiary 01/04/2019 01/04/2018
End date of accounting period of subsidiary 31/03/2020 31/03/2019
Percentage of shareholding in subsidiary 100.00% 100.00%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR
Exchange rate as applicable for subsidiary INR INR
Share capital of subsidiary 1 1
Reserves and surplus of subsidiary -12,628 -16,098.6
Total assets of subsidiary 8,046.1 94.4
Total liabilities of subsidiary 20,673.1 16,192
Investment of subsidiary 0 0
Turnover of subsidiary 0
Profit before tax of subsidiary 2,079.5 -151.9
Provision for tax of subsidiary 1,391.01 -2,425.3
Profit after tax of subsidiary 3,470.5 -2,584.5
Proposed dividend of subsidiary 0 0
PEPSICO INDIA SALES PEPSICO INDIA SALES
Name of subsidiary PRIVATE LIMITED PRIVATE LIMITED
Country of incorporation or residence of subsidiary INDIA INDIA
CIN of subsidiary company U15549DL2003PTC122303 U15549DL2003PTC122303

309
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of interests in other entities [TextBlock]
Disclosure of interests in subsidiaries [TextBlock]
Disclosure of subsidiaries [TextBlock]
Whether company has subsidiary companies Yes Yes
Number of subsidiary companies [pure] 1 [pure] 1
Whether company has subsidiary companies which are yet to commence
No No
operations
Whether company has subsidiary companies liquidated or sold during
No No
year
Disclosure of interests in associates [TextBlock]
Disclosure of associates [TextBlock]
Whether company has invested in associates Yes Yes
Whether company has associates which are yet to commence operations No No
Whether company has associates liquidated or sold during year No No
Disclosure of interests in joint arrangements [TextBlock]
Disclosure of joint ventures [TextBlock]
Whether company has invested in joint ventures Yes Yes
Whether company has joint ventures which are yet to commence
No No
operations
Whether company has joint ventures liquidated or sold during year No No
Disclosure of interests in unconsolidated structured entities [TextBlock]
Disclosure of unconsolidated structured entities [TextBlock]
Whether there are unconsolidated structured entities No No
Disclosure of investment entities [TextBlock]
Disclosure of information about unconsolidated subsidiaries [TextBlock]
Whether there are unconsolidated subsidiaries No No
Disclosure of information about unconsolidated structured entities
controlled by investment entity [TextBlock]
Whether there are unconsolidated structured entities controlled by
No No
investment entity

[611400] Notes - Separate financial statements

Disclosure of subsidiaries [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Subsidiaries [Axis] 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
PEPSICO INDIA SALES PEPSICO INDIA SALES
Name of subsidiary PRIVATE LIMITED PRIVATE LIMITED
CIN of subsidiary company U15549DL2003PTC122303 U15549DL2003PTC122303
Country of incorporation or residence of subsidiary INDIA INDIA
Proportion of ownership interest in subsidiary 100.00% 100.00%
Proportion of voting rights held in subsidiary 100.00% 100.00%

310
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of joint ventures [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Joint ventures [Axis] 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of joint ventures [Abstract]
Disclosure of joint ventures [Line items]
(A) NourishCo Beverages (B) NourishCo Beverages
Name of joint venture Limited Limited
CIN of joint venture U15500HR2010PLC041616 U15500HR2010PLC041616
Permanent account number of joint venture AADCN4844M AADCN4844M
Country of incorporation of joint venture INDIA INDIA
Proportion of ownership interest in joint venture 50.00% 50.00%
Proportion of voting rights held in joint venture 50.00% 50.00%

Footnotes
(A) Manufacturing and selling of beverages.
(B) Manufacturing and selling of beverages.

Disclosure of associates [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Associates [Axis] 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of associates [Abstract]
Disclosure of associates [Line items]
Name of associate entity Pearl Drinks Limited Pearl Drinks Limited
CIN of associate entity U15532DL1982PLC014664 U15532DL1982PLC014664
Permanent account number of associate entity AAACP1210C AAACP1210C
Country of incorporation of associate INDIA INDIA
Proportion of ownership interest in associate 26.00% 26.00%
Proportion of voting rights held in associate 26.00% 26.00%

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of separate financial statements [TextBlock]
Disclosure of subsidiaries [TextBlock]
Disclosure of joint ventures [TextBlock]
Disclosure of associates [TextBlock]

E q u i t E q u i t
Method used to account for investments in subsidiaries y y
Method Method

E q u i t E q u i t
Method used to account for investments in joint ventures y y
Method Method

E q u i t E q u i t
Method used to account for investments in associates y y
Method Method

311
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[610800] Notes - Related party

Disclosure of transactions between related parties [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Parent [Member]
Related party [Axis] 1 2
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
PepsiCo Inc. PepsiCo Inc. PepsiCo Panimex
Name of related party (Trademark owner) (Trademark owner) Inc.
PepsiCo Panimex Inc.

Country of incorporation or residence of

UNITED STATES UNITED STATES MAURITIUS MAURITIUS
related party
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party Ultimate Holding Ultimate Holding
Holding company Holding company
relationship company company
Related party transactions [Abstract]
Other related party transactions expense (A) 2,259 (B) 1,537
Other related party transactions income (C) 3,075 (D) 2,048
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions (E) 0 (F) 287 0 0
Amounts receivable related party transactions (G) 5,407 (H) 5,318 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

312
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Service charges 862
Royalty Expense 1397

(B)
Particulars 2018-19
Service charges 307
Royalty Expense 1230

(C)
Particulars 2019-20
Service income 1908
Reimbursement received 1167

(D)
Particulars 2018-19
Service income 1653
Reimbursement received 395

(E)
Particulars 2019-20
Trade payables 0

(F)
Particulars 2018-19
Trade payables 287

(G)
Particulars 2019-20
Trade receivables 5407

(H)
Particulars 2018-19
Trade receivables 5318

313
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Associates [Member]
Related party [Axis] 4 5
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between
related parties
[Abstract]
Disclosure of transactions between
related
parties [Line items]
Pearl Bottling Private Pearl Bottling Private
Name of related party Pearl Drinks Limited Pearl Drinks Limited
Limited Limited
Country of incorporation or residence
of INDIA INDIA INDIA INDIA
related party
Permanent account number of related
AAACP1210C AAACP1210C AABCK2911Q AABCK2911Q
party
CIN of related party U15532DL1982PLC014664 U15532DL1982PLC014664 U15541DL1988PTC170355 U15541DL1988PTC170355
Description of nature of transactions Description is mentioned Description is mentioned Description is mentioned Description is mentioned
with along with relevent line along with relevent line along with relevent line along with relevent line
related party item. item. item. item.
Description of nature of related party
Associates Associates Associates Associates
relationship
Related party transactions [Abstract]
Revenue from sale of goods related
party 0 28
transactions
Other related party transactions
(A) 0 (B) 6
income
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related
party
transactions [Abstract]
Amounts payable related party
0 0 0 0
transactions
Amounts receivable related party
0 0 (C) 0 (D) 833
transactions
Outstanding commitments made by
entity, 0 0 0 0
related party transactions
Outstanding commitments made on
behalf 0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related
to
0 0 0 0
outstanding balances of related party
transaction
Expense recognised during period for
bad
0 0 0 0
and doubtful debts for related party
transaction

314
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Royalty income 0

(B)
Particulars 2018-19
Royalty income 6

(C)
Particulars 2019-20
Trade receivables 0

(D)
Particulars 2018-19
Trade receivables 833

315
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Associates [Member]
Related party [Axis] 6 7
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between
related parties
[Abstract]
Disclosure of transactions between
related
parties [Line items]
SMV Beverages Private SMV Beverages Private
Name of related party Pearl Beverages Limited Pearl Beverages Limited
Limited Limited
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
related party
Permanent account number of
AAACP4560D AAACP4560D AAACS3405J AAACS3405J
related party
CIN of related party U15549DL1996PLC079678 U15549DL1996PLC079678 U15500MH1996PTC099058 U15500MH1996PTC099058
Description of nature of transactions Description is mentioned Description is mentioned Description is mentioned Description is mentioned
with along with relevent line along with relevent line along with relevent line along with relevent line
related party item. item. item. item.
Description of nature of related
party Associates Associates Associates Associates
relationship
Related party transactions [Abstract]

Revenue from sale of goods

related party 4,905 5,389
transactions
Other related party transactions
(A) 542 (B) 561
income
Other related party transactions
(C) 0 (D) 57 0 0
contribution received
Outstanding balances for related
party
transactions [Abstract]
Amounts payable related party
0 0 0 0
transactions
Amounts receivable related party
(E) 1,158 (F) 531 0 0
transactions
Outstanding commitments made
by entity, 0 0 0 0
related party transactions
Outstanding commitments made
on behalf
0 0 0 0
of entity, related party transactions

Provisions for doubtful debts related

to
outstanding balances of related party 0 0 0 0

transaction
Expense recognised during period
for bad
0 0 0 0
and doubtful debts for related party
transaction

316
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Interest income 0
Royalty income 542

(B)
Particulars 2018-19
Interest income 3
Royalty income 558

(C)
Particulars 2019-20
Loans recovered 0

(D)
Particulars 2018-19
Loans recovered 57

(E)
Particulars 2019-20
Trade receivables 1158

(F)
Particulars 2018-19
Trade receivables 531

317
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Key management personnel of entity
Categories of related parties [Axis] Joint ventures where entity is venturer [Member]
or parent [Member]
Related party [Axis] 3 8
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
NourishCo Beverages NourishCo Beverages Mr. Niteen
Name of related party Limited Limited Pradhan
Mr. Niteen Pradhan

Country of incorporation or residence of

INDIA INDIA INDIA INDIA
related party
Permanent account number of related party AADCN4844M AADCN4844M AJXPP3658B AJXPP3658B
CIN of related party U15500HR2010PLC041616 U15500HR2010PLC041616
Description is Description is
Description is mentioned Description is mentioned
Description of nature of transactions with mentioned along mentioned along
along with relevent line along with relevent line
related party with relevent line with relevent line
item. item.
item. item.
Description of nature of related party
Joint venture Joint venture Director Director
relationship
Related party transactions [Abstract]
Purchases of goods related party transactions 174 1,526
Revenue from sale of goods related party
717 810
transactions
Other related party transactions income (A) 613 (B) 1,328
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions (C) 1,061 (D) 146 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

318
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Reimbursement received 587
Collection made on behalf of related parties 26

(B)
Particulars 2018-19
Reimbursement received 795
Collection made on behalf of related parties 533

(C)
Particulars 2019-20
Trade receivables 1061

(D)
Particulars 2018-19
Trade receivables 146

Disclosure of transactions between related parties [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Key management personnel of entity or parent [Member]
Related party [Axis] 9 10
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Mr. Sudipto Mr. Sudipto
Name of related party Mr. Vinod Kaushal Mr. Vinod Kaushal
Mozumdar Mozumdar
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
related party
Permanent account number of related party AADPK5427C AADPK5427C AENPM6626D AENPM6626D
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Company Secretary Company Secretary Director Director
relationship
Related party transactions [Abstract]
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

319
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(6)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 12 13
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Pepsi Cola Pepsi C o l a PepsiCo Beverages PepsiCo Beverages
Name of related party International Cork International Cork (HK) Ltd. (HK) Ltd.
Country of incorporation or residence of
IRELAND IRELAND HONG KONG HONG KONG
related party
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Purchases of goods related party transactions 798 700
Revenue from sale of goods related party
0 369
transactions
Other related party transactions expense (A) 164 (B) 1 (C) 132
Other related party transactions income (D) 288 (E) 98 (F) 204
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions (G) 185 (H) 349 0 0
Amounts receivable related party transactions 0 0 (I) 36 (J) 17
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

320
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Service charges 164

(B)
Particulars 2019-20
Service charges 1

(C)
Particulars 2018-19
Service charges 132

(D)
Particulars 2019-20
Service income 288

(E)
Particulars 2019-20
Reimbursement received 98

(F)
Particulars 2018-19
Reimbursement received 204

(G)
Particulars 2019-20
Trade payables 185

(H)
Particulars 2018-19
Trade payables 349

(I)
Particulars 2019-20
Trade receivables 36

(J)
Particulars 2018-19
Trade receivables 17

321
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(7)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 14 15
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
PepsiCola (Thai) PepsiCola (Thai) Saudi Snack Foods Saudi Snack Foods
Name of related party Trading Co. Ltd. Trading Co. Ltd. Co. Ltd. Co. Ltd.
Country of incorporation or residence of
THAILAND THAILAND SAUDI ARABIA SAUDI ARABIA
related party
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Other related party transactions expense (A) 11 (B) 11 (C) 89
Other related party transactions income (D) 81 (E) 6 (F) 158 (G) 177
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions (H) 0 (I) 16 0 0
Amounts receivable related party transactions (J) 35 0 (K) 261 (L) 171
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

322
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Service charges 11

(B)
Particulars 2018-19
Service charges 11

(C)
Particulars 2019-20
Service charges 89

(D)
Particulars 2019-20
Reimbursement received 0
Reimbursement received 3
Service income 78

(E)
Particulars 2018-19
Reimbursement received 1
Reimbursement received 5

(F)
Particulars 2019-20
Reimbursement received 4
Service income 154

(G)
Particulars 2018-19
Reimbursement received 177

(H)
Particulars 2019-20
Trade payables 0

(I)
Particulars 2018-19
Trade payables 16

(J)
Particulars 2019-20
Trade receivables 35

(K)
Particulars 2019-20
Trade receivables 261

(L)
Particulars 2018-19
Trade receivables 171

323
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(8)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 16 17
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Pepsico
Pepsico International
Name of related party International
Singapore Pte Ltd
PepsiCo Inc., Dubai PepsiCo Inc., Dubai
Singapore Pte Ltd
Country of incorporation or residence of UNITED ARAB UNITED ARAB
SINGAPORE SINGAPORE
related party EMIRATES EMIRATES
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Revenue from sale of goods related party
0 74
transactions
Other related party transactions expense (A) 5,246 (B) 6,933 (C) 827 (D) 210
Other related party transactions income (E) 4,563 (F) 4,857 (G) 5,466 (H) 2,959
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions (I) 3,528 (J) 288 (K) 3,421 (L) 609
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

324
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Service charges 5246

(B)
Particulars 2018-19
Service charges 6933

(C)
Particulars 2019-20
Service charges 827

(D)
Particulars 2018-19
Service charges 210

(E)
Particulars 2019-20
Service income 4430
Reimbursement received 133

(F)
Particulars 2018-19
Service income 4692
Reimbursement received 165

(G)
Particulars 2019-20
Service income 5408
Reimbursement received 58

(H)
Particulars 2018-19
Service income 1793
Reimbursement received 1166

(I)
Particulars 2019-20
Trade receivables 3528

(J)
Particulars 2018-19
Trade receivables 288

(K)
Particulars 2019-20
Trade receivables 3421

(L)
Particulars 2018-19
Trade receivables 609

325
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(9)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 18 19
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
PepsiCola PepsiCola Pepsi Lipton
Pepsi Lipton
Name of related party International Co. of International Co. of International
International Limited
Uruguay S.R.L Uruguay S.R.L Limited
Country of incorporation or residence of
URUGUAY URUGUAY IRELAND IRELAND
related party
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Purchases of goods related party transactions 1 2 127 100
Other related party transactions income (A) 461 (B) 155
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 (C) 175 (D) 195
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

Footnotes
(A)
Particulars 2019-20
Reimbursement received 461

(B)
Particulars 2018-19
Reimbursement received 155

(C)
Particulars 2019-20
Other receivables 175

(D)
Particulars 2018-19
Other receivables 195

326
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(10)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 20 21
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Chipsy Foods Chipsy Foods Tropicana Dubai
Name of related party Industries SAE Giza Industries SAE Giza FZE
Tropicana Dubai FZE

Country of incorporation or residence of UNITED ARAB UNITED ARAB

EGYPT EGYPT
related party EMIRATES EMIRATES
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

327
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(11)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 22 23
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
PepsiCo Services PepsiCo Services Asia P T Quaker
Name of related party Asia Limited Limited Indonesia
PT Quaker Indonesia

Country of incorporation or residence of

THAILAND THAILAND INDONESIA INDONESIA
related party
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Other related party transactions expense (A) 244 (B) 7 (C) 18
Other related party transactions income (D) 254 (E) 289 (F) 0 (G) 36
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions (H) 12 (I) 129 (J) 152 (K) 79
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

328
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Service charges 244

(B)
Particulars 2018-19
Service charges 7

(C)
Particulars 2019-20
Service charges 18

(D)
Particulars 2019-20
Reimbursement received 0
Reimbursement received 254

(E)
Particulars 2018-19
Reimbursement received 3
Reimbursement received 286

(F)
Particulars 2019-20
Reimbursement received 0

(G)
Particulars 2018-19
Reimbursement received 36

(H)
Particulars 2019-20
Trade receivables 12

(I)
Particulars 2018-19
Trade receivables 129

(J)
Particulars 2019-20
Trade receivables 152

(K)
Particulars 2018-19
Trade receivables 79

329
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(12)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 24 25
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
The Smith's The Smith's
PepsiCola Products PepsiCola Products
Name of related party Snackfood Snackfood Company,
Philippines, Inc. Philippines, Inc.
Company, Australia Australia
Country of incorporation or residence of
AUSTRALIA AUSTRALIA PHILIPPINES PHILIPPINES
related party
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Other related party transactions expense (A) 4
Other related party transactions income (B) -4 (C) -4 (D) 45 (E) 218
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 (F) 19 0
Amounts receivable related party transactions 0 0 (G) 0 (H) 110
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

330
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Service charges 4

(B)
Particulars 2019-20
Reimbursement received -4

(C)
Particulars 2018-19
Reimbursement received -4

(D)
Particulars 2019-20
Reimbursement received 45

(E)
Particulars 2018-19
Reimbursement received 218

(F)
Particulars 2019-20
Trade payables 19

(G)
Particulars 2019-20
Trade receivables 0

(H)
Particulars 2018-19
Trade receivables 110

331
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(13)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 26 27
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
PepsiCo India PepsiCo India PepsiCo India
PepsiCo India
Holdings Employees Holdings Employees Holdings Employees
Name of related party Provident Fund
Holdings Employees
Superannuation Superannuation Fund
Provident Fund Trust
Trust Fund Trust Trust
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
related party
Permanent account number of related party AABTP3451B AABTP3451B AAAAP0120D AAAAP0120D
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Employee benefit Employee benefit
Employee benefit Employee benefit
Description of nature of related party plans where there is plans where there is
plans where there is a plans where there is a
relationship a significant a significant
significant influence significant influence
influence influence
Related party transactions [Abstract]
Other related party transactions
(A) 2,926 (B) 3,437 (C) 233 (D) 285
contribution made
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions (E) 158 (F) 136 (G) 19 (H) 24
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

332
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Contribution to provident and supernannuation funds 2926

(B)
Particulars 2018-19
Contribution to provident and supernannuation funds 3437

(C)
Particulars 2019-20
Contribution to provident and supernannuation funds 233

(D)
Particulars 2018-19
Contribution to provident and supernannuation funds 285

(E)
Particulars 2019-20
Payable to trusts 158

(F)
Particulars 2018-19
Payable to trusts 136

(G)
Particulars 2019-20
Payable to trusts 19

(H)
Particulars 2018-19
Payable to trusts 24

333
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(14)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 28 29
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
PepsiCo India Sales PepsiCo India Sales Concentrate Concentrate
Name of related party Private Limited Private Limited manufacturing manufacturing
(wholly owned) (wholly owned) Singapore Pte Ltd. Singapore Pte Ltd.
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Subsidiary Subsidiary Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Purchases of goods related party transactions 15 22
Revenue from sale of goods related party
0 670
transactions
Other related party transactions expense (A) 57 (B) 1,226
Other related party transactions income (C) 0 (D) 29
Other related party transactions
(E) 334 (F) 233
contribution made
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions (G) 10,916 (H) 16,114 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

334
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Reimbursement paid 47
Collection made by related party on behalf of holding company 10

(B)
Particulars 2018-19
Reimbursement paid 1226

(C)
Particulars 2019-20
Collection made on behalf of related parties 0

(D)
Particulars 2018-19
Collection made on behalf of related parties 29

(E)
Particulars 2019-20
Payment made on behalf of related parties 334

(F)
Particulars 2018-19
Payment made on behalf of related parties 233

(G)
Particulars 2019-20
Trade receivables 10916

(H)
Particulars 2018-19
Trade receivables 16114

335
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(15)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 30 31
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Pepsico Inc. Phils Pepsico Inc. Phils Pepsico Asia R&D Pepsico Asia R&D
Name of related party Branch Branch Center Co. Ltd Center Co. Ltd
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Other related party transactions expense (A) 0 (B) 6
Other related party transactions income (C) 0 (D) 1 (E) 100.35 (F) 197.35
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 (G) 334 (H) 208
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

336
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Service charges 0

(B)
Particulars 2018-19
Service charges 6

(C)
Particulars 2019-20
Reimbursement received 0

(D)
Particulars 2018-19
Reimbursement received 1

(E)
Particulars 2019-20
Reimbursement received 0.35
Reimbursement received 0
Service income 100

(F)
Particulars 2018-19
Reimbursement received 0.35
Reimbursement received 197

(G)
Particulars 2019-20
Trade receivables 334

(H)
Particulars 2018-19
Trade receivables 208

337
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(16)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 32 33
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Fritolay Trading Fritolay Trading Pepsi- Cola Pepsi- Cola
Name of related party Company GMBH Company GMBH (Bermuda) Limited (Bermuda) Limited
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Other related party transactions expense (A) 1,520 (B) 2,673
Other related party transactions income (C) 0 (D) 103
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 (E) 0 (F) 624
Amounts receivable related party transactions (G) 109 (H) 100 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

338
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Royalty Expense 1520

(B)
Particulars 2018-19
Royalty Expense 2673

(C)
Particulars 2019-20
Reimbursement received 0

(D)
Particulars 2018-19
Reimbursement received 103

(E)
Particulars 2019-20
Trade payables 0

(F)
Particulars 2018-19
Trade payables 624

(G)
Particulars 2019-20
Trade receivables 109

(H)
Particulars 2018-19
Trade receivables 100

339
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(17)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 34 35
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
The Smith's The Smith's
Name of related party Quaker Oats, USA Quaker Oats, USA Snackfood Snackfood Company,
Company, Australia Australia
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Other related party transactions expense (A) 113 (B) 105
Other related party transactions income (C) 0
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions (D) 27 (E) 25 (F) 37 (G) 30
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

340
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Royalty Expense 113

(B)
Particulars 2018-19
Royalty Expense 105

(C)
Particulars 2019-20
Reimbursement received 0

(D)
Particulars 2019-20
Trade payables 27

(E)
Particulars 2018-19
Trade payables 25

(F)
Particulars 2019-20
Trade payables 37

(G)
Particulars 2018-19
Trade payables 30

Disclosure of transactions between related parties [Table] ..(18)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other related
Categories of related parties [Axis]
parties [Member]
Related party [Axis] 36
01/04/2019
to
31/03/2020
Disclosure of transactions between related parties [Abstract]
Disclosure of transactions between related parties [Line items]
Balmoral Industries
Name of related party LLC
Description is
mentioned along
Description of nature of transactions with related party with relevent line
item.
Description of nature of related party relationship Fellow subsidiaries
Related party transactions [Abstract]
Other related party transactions expense (A) 1,439
Other related party transactions income (B) 4,081
Other related party transactions contribution received 0
Outstanding balances for related party transactions [Abstract]
Amounts payable related party transactions (C) 1,410
Amounts receivable related party transactions (D) 4,081
Outstanding commitments made by entity, related party transactions 0
Outstanding commitments made on behalf of entity, related party transactions 0
Provisions for doubtful debts related to outstanding balances of related party transaction 0
Expense recognised during period for bad and doubtful debts for related party transaction 0

341
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Royalty Expense 1439

(B)
Particulars 2019-20
Service income 4081

(C)
Particulars 2019-20
Trade payables 1410

(D)
Particulars 2019-20
Trade receivables 4081

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (88)
Disclosure of related party [TextBlock] [See below]
Whether there are any related party transactions during year Yes Yes
Disclosure of transactions between related parties [TextBlock]
Whether entity applies exemption in Ind AS 24.25 No No
Whether company is subsidiary company Yes Yes
Section under which company is subsidiary Section 2(87)(ii) Section 2(87)(ii)

342
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (88)

Disclosure of related party [Text Block]

(All amounts stated in Rs. lakh, unless otherwise stated)

Note 38: Related party disclosures

(a) List of related parties and nature of relationship where control exists

Ultimate holding company

PepsiCo Inc. (Trademark owner)

Holding company

PepsiCo Panimex Inc.

Subsidiary

PepsiCo India Sales Private Limited (wholly owned)

(b) List of other related parties with whom transactions have taken place during the year or previous year

Joint venture

NourishCo Beverages Limited

Associates*

Pearl Drinks Limited

Pearl Bottling Private Limited

Pearl Beverages Limited

Key management personnel

Mr. Niteen Pradhan (Director)

Mr. Vinod Kaushal (Company secretory)

Mr. Sudipto Mozumdar (Director) (till 4th October 2019)

Mrs. Preeti Sureka (Director) (from 18th September 2019)

343
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Fellow subsidiaries

Pepsi Cola International Cork

PepsiCo Beverages (HK) Ltd.

PepsiCola (Thai) Trading Co. Ltd.

Saudi Snack Foods Co. Ltd.

Pepsico International Singapore Pte Ltd

PepsiCo Inc., Dubai

PepsiCola International Co. of Uruguay S.R.L

Pepsi Lipton International Limited

Pepsico Asia R&D Center Co. Ltd

Pepsico Inc. Phils Branch

Concentrate manufacturing Singapore Pte Ltd.

PepsiCo Services Asia Limited

PT Quaker Indonesia

The Smith's Snackfood Company, Australia

PepsiCola Products Philippines, Inc.

Pepsi- Cola (Bermuda) Limited

Quaker Oats, USA

Fritolay Trading Company GMBH

Balmoral Industries LLC

Employee benefit plans where there is a significant influence

PepsiCo India Holdings Employees Provident Fund Trust

PepsiCo India Holdings Employees Superannuation Fund Trust

* Including fully owned subsidiary of associates

(c)Transactions with related parties

For the year ended 31 March For the year ended 31 March
Particulars
2020 2019

344
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

i) Purchase of goods(1)

Fellow subsidiaries 941 824

Pepsi Cola International Cork 798 700

Concentrate manufacturing Singapore Pte Ltd. 15 22

PepsiCola International Co. of Uruguay S.R.L 1 2

Pepsi Lipton International Limited 127 100

Joint venture 174 1,526

NourishCo Beverages Limited 174 1,526

Note 38: Related party disclosures (continued)

(c)Transactions with related parties (continued)

For the year ended 31 March For the year ended 31 March
Particulars
2020 2019

ii) Sale of goods(2)

Subsidiary - 670

PepsiCo India Sales Private Limited - 670

Associates 4,905 5,417

Pearl Beverages Limited 4,905 5,389

Pearl Bottling Private Limited - 28

Joint venture 717 810

NourishCo Beverages Limited 717 810

345
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Fellow subsidiaries - 443

Pepsi Cola International Cork - 369

Pepsico International Singapore Pte Ltd - 74

iii) Interest income

Associates - 3

Pearl Beverages Limited - 3

iv) Service income

Ultimate holding company 1,908 1,653

PepsiCo Inc. 1,908 1,653

Fellow subsidiaries 14,539 6,485

Pepsico International Singapore Pte Ltd 4,430 4,692

PepsiCo Inc., Dubai 5,408 1,793

PepsiCola(Thai) Trading Co. Ltd 78 -

Pepsico Asia R&D Center Co. Ltd 100 -

Saudi Snack Foods Co. Ltd. 154 -

Pepsi Cola International Cork 288 -

Balmoral Industries LLC 4,081 -

v) Service charges

Ultimate holding company 862 307

PepsiCo Inc. 862 307

Fellow subsidiaries 6,604 7,299

Pepsico International Singapore Pte Ltd 5,246 6,933

346
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

PepsiCo Services Asia Limited 244 7

PepsiCo Inc., Dubai 827 210

PepsiCola(Thai) Trading Co. Ltd 11 11

PepsiCoBeverages(HK)Ltd. 1 132

Pepsico Inc. Phils Branch - 6

PT Quaker Indonesia 18 -

The Smith's Snackfood Company, Australia 4 -

Saudi Snack Foods Co. Ltd. 89 -

Pepsi Cola International Cork 164 -

vi) Reimbursement received

Ultimate holding company 1,167 395

PepsiCo Inc. 1,167 395

Fellow subsidiaries 1,056 2,713

PepsiCo Services Asia Limited - 3

PepsiCola(Thai) Trading Co. Ltd - 1

Pepsico Inc. Phils Branch - 1

Pepsi Lipton International Limited 461 155

Pepsico International Singapore Pte Ltd 133 165

PepsiCo Inc., Dubai 58 1,166

PT Quaker Indonesia - 36

PepsiCo Beverages (HK) Ltd. 98 204

PepsiCo Services Asia Limited 254 286

Pepsi Cola (Thai) Trading Co. Ltd. 3 5

Saudi Snack Foods Co. Ltd. 4 177

Fritolay Trading Company GMBH - 103

PepsiCola Products Philippines, Inc. 45 218

347
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Pepsico Asia R&D Center Co. Ltd - 197

The Smith's Snackfood Company, Australia - -4

Note 38: Related party disclosures (continued)

(c)Transactions with related parties (continued)

For the year ended 31 March For the year ended 31 March
Particulars
2020 2019

Joint venture 587 795

NourishCo Beverages Limited 587 795

vii) Reimbursement paid by related party

Subsidiary 47 1,226

PepsiCo India Sales Private Limited 47 1,226

viii) Loans recovered

Associates - 57

Pearl Beverages Limited - 57

ix) Royalty income

Associates 542 564

Pearl Beverages Limited 542 558

Pearl Bottling Private Limited - 6

x) Royalty Expense

348
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Ultimate holding company 1,397 1,230

PepsiCo Inc. 1,397 1,230

Fellow subsidiaries 3,072 2,778

Pepsi- Cola (Bermuda) Limited 1,520 2,673

Quaker Oats, USA 113 105

Balmoral Industries LLC 1,439 -

xi) Collection made on behalf of related parties

Joint venture 26 533

NourishCo Beverages Limited 26 533

Subsidiary - 29

PepsiCo India Sales Private Limited - 29

xii) Collection made by related party on behalf of holding

company

Subsidiary 10 -

PepsiCo India Sales Private Limited 10 -

xiii) Payment made on behalf of related parties

Subsidiary 334 233

PepsiCo India Sales Private Limited 334 233

xiv) Contribution to provident and supernannuation funds 3,159 3,722

Contribution to Provident Fund Trust 2,926 3,437

Contribution to Superannuation Fund Trust 233 285

349
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

1. Gross of CENVAT wherever applicable.

2. Gross of taxes where applicable and includes sale of semifinished goods held for trading.

(d) Key management personnel compensation

Particulars For the year ended 31 March 2020 For the year ended 31 March 2019

Short term employee benefits 358 718

Post employment benefits 35 223

Other long term benefits 166 115

Share based payments 35 162

Total compensation 593 1,218

(e) Outstanding balances

Particulars As at 31 March 2020 As at 31 March 2019

Trade payables

Ultimate holding company - 287

PepsiCo Inc. - 287

Fellow subsidiaries 1,678 1,044

The Smith's Snackfood Company, Australia 37 30

PepsiCola Products Philippines, Inc. 19 -

PepsiCola (Thai) Trading Co. Ltd. - 16

Pepsi Cola International Cork 185 349

Pepsi- Cola (Bermuda) Limited - 624

Quaker Oats, USA 27 25

Balmoral Industries 1,410 -

350
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Trade receivables

Ultimate holding company 5,407 5,318

PepsiCo Inc. 5,407 5,318

Subsidiary 10,916 16,114

PepsiCo India Sales Private Limited (refer note 49)* 10,916 16,114

* Net of expected credit loss of Rs. 2,836

Associates 1,158 1,364

Pearl Beverages Limited 1,158 531

Pearl Bottling Private Limited - 833

Joint venture 1,061 146

NourishCo Beverages Limited 1,061 146

Fellow subsidiaries 11,969 1,711

PepsiCo Inc., Dubai 3,421 609

Pepsico International Singapore Pte Ltd 3,528 288

PepsiCo Beverages (HK) Ltd. 36 17

PepsiCo Services Asia Limited 12 129

PepsiCola (Thai) Trading Co. Ltd. 35 -

PepsiCola Products Philippines, Inc. - 110

PT Quaker Indonesia 152 79

Fritolay Trading Company GMBH 109 100

Pepsi Asia R&D Center 334 208

Saudi Snacks 261 171

Balmoral Industries 4,081 -

351
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Note 38: Related party disclosures (continued)

(e) Outstanding balances

Particulars As at 31 March 2020 As at 31 March 2019

Other receivables

Fellow subsidiaries 175 195

Pepsi Lipton International Limited 175 195

Payable to trusts 177 160

Payable to Provident Fund Trust 158 136

Payable to Superannuation Fund Trust 19 24

(f) Terms and conditions

All transactions with related parties are made on terms equivalent to those that prevail in arm's length transactions and within the
ordinary course of business.

Outstanding balances at the year end are unsecured.

*The details of KMP (transaction basis) are mentioned in note tagging

[611700] Notes - Other provisions, contingent liabilities and contingent assets

Disclosure of contingent liabilities [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Contingent liability on disputed sales tax
Classes of contingent liabilities [Axis] Other contingent liabilities [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Description of nature of obligation, contingent Refer to child
Refer to child member Sales tax matters Sales tax matters
liabilities member
Estimated financial effect of contingent
2,78,018 2,65,797 59,229 62,358
liabilities

352
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of contingent liabilities [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Contingent liability on disputed income Contingent liability on disputed excise
Classes of contingent liabilities [Axis]
tax [Member] demands [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Description of nature of obligation, contingent Excise, service tax Excise, service tax
Income tax matters Income tax matters
liabilities and custom matters and custom matters
Estimated financial effect of contingent
1,66,241 1,52,289 52,548 51,150
liabilities

Disclosure of other provisions [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other provisions,
Classes of other provisions [Axis] Provision for taxes other than income tax [Member]
others [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of other provisions [Abstract]
Disclosure of other provisions [Line items]
Reconciliation of changes in other provisions
[Abstract]
Changes in other provisions [Abstract]
Additional provisions, other provisions
[Abstract]
Increase in existing provisions, other
2,692 7,262 1,706
provisions
Total additional provisions, other
2,692 7,262 1,706
provisions
Provision used, other provisions 2,672 3,609 1,025
Other increase decrease in other
-9
provisions
Total changes in other provisions 20 3,653 672
Other provisions at end of period 33,027 33,007 29,354 9,557
Refer to child
Description of other provisions, others (A) Indirect taxes3 (B) Indirect taxes3
member

Footnotes
(A) Provision related to indirect taxes are in respect of proceedings for various indirect tax related matters.
(B) Provision related to indirect taxes are in respect of proceedings for various indirect tax related matters.

Disclosure of other provisions [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other provisions [Axis] Other provisions, others [Member] Other provisions, others 1 [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of other provisions [Abstract]
Disclosure of other provisions [Line items]
Reconciliation of changes in other provisions
[Abstract]
Changes in other provisions [Abstract]
Additional provisions, other provisions
[Abstract]
Increase in existing provisions, other
1,413 10 68
provisions
Total additional provisions, other
1,413 10 68
provisions
Provision used, other provisions 1,244
Total changes in other provisions 169 10 68
Other provisions at end of period 8,885 8,716 127 117
Description of other provisions, others Refer to child member (A) Market fees1 (B) Market fees1

353
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A) Provision for market fees relates to possible liability for payment of market fees on sale, purchase and stock transfer of raw material
(potatoes) from / to the State of Punjab.
(B) Provision for market fees relates to possible liability for payment of market fees on sale, purchase and stock transfer of raw material
(potatoes) from / to the State of Punjab.

Disclosure of other provisions [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other provisions,
Classes of other provisions [Axis] Other provisions, others 2 [Member]
others 1 [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of other provisions [Abstract]
Disclosure of other provisions [Line items]
Reconciliation of changes in other provisions
[Abstract]
Changes in other provisions [Abstract]
Additional provisions, other provisions
[Abstract]
Increase in existing provisions, other
198 0
provisions
Total additional provisions, other
198 0
provisions
Provision used, other provisions 105
Total changes in other provisions 198 -105
Other provisions at end of period 49 1,643 1,445 1,550
Description of other provisions, others (A) Stales2 (B) Stales2

Footnotes
(A) Provision for stales relates to claims for possible replacement / exchange of the products sold by retailers and stockists.
(B) Provision for stales relates to claims for possible replacement / exchange of the products sold by retailers and stockists.

Disclosure of other provisions [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other provisions [Axis] Other provisions, others 3 [Member]
01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of other provisions [Abstract]
Disclosure of other provisions [Line items]
Reconciliation of changes in other provisions [Abstract]
Changes in other provisions [Abstract]
Additional provisions, other provisions [Abstract]
Increase in existing provisions, other provisions 1,498 1,345
Total additional provisions, other provisions 1,498 1,345
Provision used, other provisions 1,025 1,139
Other increase decrease in other provisions -9
Total changes in other provisions 464 206
Other provisions at end of period 7,787 7,323 7,117
(A) Local / municipal and (B) Local / municipal and
Description of other provisions, others other demands4 other demands4

Footnotes
(A) Provision for local/ municipal and other demands from suppliers / customers and local authorities.
(B) Provision for local/ municipal and other demands from suppliers / customers and local authorities.

354
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of other provisions, contingent liabilities and contingent assets
[TextBlock]
Disclosure of other provisions [TextBlock]
Textual information (89)
Disclosure of contingent liabilities [TextBlock] [See below]
Whether there are any contingent liabilities Yes Yes

355
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (89)

Disclosure of contingent liabilities [Text Block]

(All amounts stated in Rs. lakh, unless otherwise stated)

Note 42: Contingent liabilities and commitments

1. Contingent liabilities

(i) Claims against the Company not acknowledged as debts* As at As at

31-Mar-20 31-Mar-19

Excise, service tax and custom matters 52,548 51,150

Sales tax matters 59,229 62,358

Income tax matters 1,66,241 1,52,289

2,78,018 2,65,797

The Company is of the firm belief that the above demands are not tenable and highly unlikely to be retained by higher authorities
and is accordingly not carrying any provision in its books in respect of such demands.

*the amounts disclosed are based on the orders/ notices received from the authorities.

2. Commitments

Estimated amount of contracts remaining to be executed, to the extent not provided for:

Particulars As at As at

31-Mar-20 31-Mar-19

Property, plant and equipment (net of advances) 46,090 24,929

Advertisement and marketing commitments 7,899 3,727

356
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

[700200] Notes - Corporate social responsibility

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019
to
31/03/2020
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
No
company

[610500] Notes - Events after reporting period

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of events after reporting period [TextBlock]
Disclosure of non-adjusting events after reporting period [TextBlock]
Whether there are non adjusting events after reporting period No No

[612500] Notes - Share-based payment arrangements

Disclosure of terms and conditions of share-based payment arrangement [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Types of share-based payment arrangements [Axis] 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of terms and conditions of share-based payment arrangement [Abstract]
Disclosure of terms and conditions of share-based payment arrangement [Line items]
Textual information Textual information
Description of share-based payment arrangement (90) [See below] (91) [See below]

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Textual information (92)
Disclosure of share-based payment arrangements [TextBlock] [See below]
Whether there are any share based payment arrangement Yes Yes
Disclosure of terms and conditions of share-based payment arrangement
[TextBlock]
Disclosure of terms and conditions of share-based payment arrangement
[Abstract]
Disclosure of number and weighted average exercise prices of share options
[TextBlock]
Number of share options outstanding in share based payment arrangement
[Abstract]
Number of share options granted in share-based payment arrangement [pure] 29,868 [pure] 28,841
Number of share options forfeited in share-based payment arrangement [pure] -12,875 [pure] -22,144
Number of share options exercised in share-based payment arrangement [pure] -15,616 [pure] -20,912
Total changes of number of share options outstanding in share based
[pure] 1,377 [pure] -14,215
payment arrangement
Number of share options outstanding in share-based payment
[pure] 58,894 [pure] 57,517 [pure] 71,732
arrangement at end of period

357
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (90)

Description of share-based payment arrangement

The eligible employees of the Company have been granted restricted share units, or RSUs, under the Long Term Incentive program of the
ultimate parent company based on their performance criteria. Each RSU represents the right to receive one common share of the ultimate parent
company. The fair value of each RSU is the market price of one common share of the ultimate parent company on the date of grant. The RSUs
granted to date have vesting period of three years. The compensation expense is recognized on a straight line over the vesting term. Share based
compensation cost in respect of RSU's amounting to Rs. 2,257 for the year ended 31 March, 2020 (31 March 2019: Rs.2,761) has been booked in
the Statement of Profit and Loss.

Textual information (91)

Description of share-based payment arrangement

The eligible employees of the Company have been granted restricted share units, or RSUs, under the Long Term Incentive program of the
ultimate parent company based on their performance criteria. Each RSU represents the right to receive one common share of the ultimate parent
company. The fair value of each RSU is the market price of one common share of the ultimate parent company on the date of grant. The RSUs
granted to date have vesting period of three years. The compensation expense is recognized on a straight line over the vesting term.

358
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (92)

Disclosure of share-based payment arrangements [Text Block]

(All amounts stated in Rs. lakh, unless otherwise stated)

Note 41: Share based payments

Certain employees of the Company are entitled to participate in the Long-Term Incentive Program (‘the Program’) of PepsiCo
Inc., the ultimate parent Company, whereby employees are granted Restricted Stock Units (shares) and/or Stock options to
purchase shares of PepsiCo Inc. The vesting of shares and stock options is generally conditional on completing specified service
term.

The program is assessed, managed and administered by the ultimate parent company and the entire cost related is borne by the
ultimate parent company. Since there is no charge on the Company, hence till 31 March 2015 no accounting was done in the
books of account of the Company. The matter was qualified by the statutory auditors in their audit report for last many years.

The Company has recognized the fair value of the shares and stock options granted as employee stock compensation cost with
a corresponding credit to Equity settled Share Based Payments in accordance with the Ind AS 102, " Share based payments".

The fair value of stock options granted is determined at the grant date using valuation techniques consistent with the generally
accepted valuation methodologies for pricing financial instruments and quoted markets value of the share of PepsiCo Inc. at the
grant date is considered as fair value for shares.

Expense for the year Rs. 2,399 (31 March 2019: Rs. 2,862) has been recorded under Employee benefit expenses in the
statement of profit and loss with a corresponding credit to Equity settled Share Based Payments.

Information about the program and other disclosures with respect to share based payment arrangements for eligible employees
is provided below:

(a) Restricted Share Units (RSU)

The eligible employees of the Company have been granted restricted share units, or RSUs, under the Long Term Incentive
program of the ultimate parent company based on their performance criteria. Each RSU represents the right to receive one
common share of the ultimate parent company. The fair value of each RSU is the market price of one common share of the
ultimate parent company on the date of grant. The RSUs granted to date have vesting period of three years. The compensation
expense is recognized on a straight line over the vesting term.

Share based compensation cost in respect of RSU's amounting to Rs. 2,257 for the year ended 31 March, 2020 (31 March
2019: Rs.2,761) has been booked in the Statement of Profit and Loss.

The reconciliation of the RSU unit during the year is as follows:

No. of units No. of units

Particulars as at as at
31 March 2020 31 March 2019

Outstanding at the beginning of the year 57,517 71,732

359
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Granted during the year 29,868 28,841

Forfeited/ expired during the year 22,144

12,785

Vested / exercised during the year 15,616 20,912

Outstanding at the end of the year 58,984 57,517

Exercisable at the end of the year

- -

*since up till previous year no accounting treatment is given in the books of account of the
Company, it includes accumulated balance of RSU units as at 1 April 2015

As at
31 As at 31
Particulars
March March 2019
2020

Weighted Weighted Weighted Weighted Weighted

Weighted
No. of average average average No. of average average
average
options exercise price exercise remaining options exercise price exercise price
remaining life
(USD) price (Rs.) life (USD) (Rs.)

Outstanding
at the
127
beginning of 83,573 8,858 6 1,07,277 90 5,922 6
the year

Granted
during the 132
8,321 9,349 9 9,114 115 7,978 9
year

Forfeited/
expired during 108
5,198 7,659 - 13,241 4 286 -
the year

Exercised
during the -
20,170 - - 9,093 - - -
year

Outstanding
at the end of 98
66,526 6,968 6 83,573 127 8,858 6
the year

Exercisable at
the end of the 82
49,294 5,815 - 40,890 67 4,690 -
year

The range of exercise price for the stock options outstanding at the end of the year is USD 79.75-99.25 (INR 5,623- 6,500)

*since up till previous year no accounting treatment is given in the books of account of the Company, it includes accumulated
balance of stock options units as at 1 April 2015

The fair value of each option is estimated on the date of grant using the Black Scholes option pricing model with the following

360
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

assumptions:

Year ended Year ended Year ended Year ended

Particulars
31 March 2020 (USD) 31 March 2020 (Rs.) 31 March 2019 (USD) 31 March 2019 (Rs.)

Share price 125.70-119.53 9495- 8624 121.27-122.76 8425-8528

Exercise price 125.70-119.53 9495- 8624 121.27-122.76 8425-8528

Expected volatility 14% 14% 12% 12%

Expected life 5 years 5 years 5 years 5 years

Expected dividend yield 3.10% 3.10% 2.70% 2.70%

Risk-free interest rate 2.40% 2.40% 2.60% 2.60%

The expected life is the period over which employee groups are expected to hold their options. It is based on our historical experience with similar
grants. The risk-free interest rate is based on the expected U.S. Treasury rate over the expected life. Volatility reflects movements in PepsiCo Inc.
share price over the most recent historical period equivalent to the expected life. Dividend yield is estimated over the expected life based on
PepsiCo Inc. stated dividend policy and forecasts of net income, share repurchases and stock price of the ultimate parent company.

[613000] Notes - Earnings per share

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (93)
Disclosure of earnings per share [TextBlock] [See below]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations [INR/shares] 0.89 [INR/shares] 0.1
Total basic earnings (loss) per share [INR/shares] 0.89 [INR/shares] 0.1
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations [INR/shares] 0.89 [INR/shares] 0.1
Total diluted earnings (loss) per share [INR/shares] 0.89 [INR/shares] 0.1
Profit (loss), attributable to ordinary equity holders of parent entity
[Abstract]
Profit (loss) from continuing operations attributable to ordinary
32,874 3,559
equity holders of parent entity
Profit (loss), attributable to ordinary equity holders of parent entity 32,874 3,559
Profit (loss), attributable to ordinary equity holders of parent
32,874 3,559
entity including dilutive effects
Weighted average shares and adjusted weighted average shares [Abstract]
Weighted average number of ordinary shares outstanding [shares] 369,49,86,213 [shares] 369,49,86,213

361
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (93)

Disclosure of earnings per share [Text Block]

(All amounts stated in Rs. lakh, unless otherwise stated)

Note 35: Earnings per share

The calculations of profit attributable to equity shareholders and weighted average number of equity shares outstanding for
purposes of earnings/ (loss) per share calculations are as follows:

Particulars As at As at

31-Mar-20 31-Mar-19

Profit for the year - (A) 32,874 3,559

Calculation of weighted average number of equity shares

Number of equity shares at the beginning of the year 36949,86,213 36949,86,213

Number of equity shares outstanding at the end of the year 36949,86,213 36949,86,213

Weighted average number of shares outstanding during the year - (B) 36949,86,213 36949,86,213

Face value of each equity share (Rs.) (in absolute terms) 10 10

Basic and diluted earnings per equity share (in absolute terms) (Rs.) - (A)/(B) 0.89 0.1

[610900] Notes - First time adoption

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of first-time adoption [TextBlock]
Whether company has adopted Ind AS first time No No

362
 PEPSICO INDIA HOLDINGS PRIVATE LIMITED
Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[700300] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
PEPSICO INDIA HOLDINGS
Name of company PRIVATE LIMITED
Corporate identity number U15549HR1994PTC033754
Permanent account number of entity AAACP1272G
LEVEL 3-5 , PIONEER SQUARE
, Sector-62 Near Golf
Address of registered office of company Course Extension Road
Gurugram Gurgaon ,
HARYANA , INDIA - 122101
Commercial and
Type of industry Industrial
Date of start of reporting period 01/04/2019 01/04/2018
Date of end of reporting period 31/03/2020 31/03/2019
Nature of report standalone consolidated Consolidated
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Lakhs
Type of cash flow statement Indirect Method

[700400] Disclosures - Auditors report

Details regarding auditors [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Auditors [Axis] 1
01/04/2019
to
31/03/2020
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Walker Chandiok &
Name of audit firm Co LLP
Name of auditor signing report Arun Tandon
Firms registration number of audit firm 001076N/N500013
Membership number of auditor 517273
Address of auditors Gurugram
Permanent account number of auditor or auditor's firm AAAFW4298E
SRN of form ADT-1 G55864144
Date of signing audit report by auditors 24/08/2020
Date of signing of balance sheet by auditors 24/08/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019
to
31/03/2020
Textual information (1)
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company No
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (1)

Disclosure in auditor’s report explanatory [Text Block]

Independent Auditors Report

To the Members of PepsiCo India Holdings Private Limited

Report on the Audit of the Consolidated Financial Statements

Opinion

1. We have audited the accompanying consolidated financial statements of PepsiCo India Holdings Private Limited (the
Holding Company) and its subsidiary (the Holding Company and its subsidiary together referred to as the Group), its associate
and joint venture, which comprise the Consolidated Balance Sheet as at 31 March 2020, the Consolidated Statement of Profit
and Loss (including Other Comprehensive Income), the Consolidated Cash Flow Statement and the Consolidated Statement of
Changes in Equity for the year then ended, and a summary of the significant accounting policies and other explanatory
information.

2. In our opinion and to the best of our information and according to the explanations given to us and based on the
consideration of the reports of the other auditors on separate financial statements and on the other financial information of the
associate and joint venture the aforesaid consolidated financial statements give the information required by the Companies Act,
2013 (Act) in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted
in India including Indian Accounting Standards (Ind AS) specified under section 133 of the Act, of the consolidated state of affairs
of the Group, its associate and joint venture, as at 31 March 2020, and their consolidated profit (including other comprehensive
income), consolidated cash flows and the consolidated changes in equity for the year ended on that date.

3. We conducted our audit in accordance with the Standards on Auditing specified under section 143(10) of the Act. Our
responsibilities under those standards are further described in the Auditors Responsibilities for the Audit of the Consolidated
Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by
the Institute of Chartered Accountants of India (ICAI) together with the ethical requirements that are relevant to our audit of the
financial statements under the provisions of the Act and the rules thereunder, and we have fulfilled our other ethical
responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have
obtained and the audit evidence obtained by the other auditors in terms of their reports referred to in paragraph 9 of the Other
Matter(s) section below, is sufficient and appropriate to provide a basis for our opinion.

Responsibilities of Management for the Consolidated Financial Statements

4. The accompanying consolidated financial statements have been approved by the Holding Companys Board of Directors.
The Holding Companys Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the
preparation of these consolidated financial statements that give a true and fair view of the consolidated financial position,
consolidated financial performance including other comprehensive income, consolidated changes in equity and consolidated
cash flows of the Group including its associate and joint venture in accordance with the accounting principles generally accepted
in India, including the Ind AS specified under section 133 of the Act. The respective Board of Directors/management of the
companies included in the Group and its associate and joint venture are responsible for maintenance of adequate accounting
records in accordance with the provisions of the Act for safeguarding of 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 consolidated financial statements that give a true and fair view and are free from material misstatement,
whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial statements by
the Directors of the Holding Company, as aforesaid.

5. In preparing the consolidated financial statements, the respective Board of Directors of the companies included in the Group
and of its associate and joint venture are responsible for assessing the ability of the Group and of its associate and joint venture
to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unless the Board of Directors either intend to liquidate the Group or to cease operations, or has no realistic alternative
but to do so.

Auditors Responsibilities for the Audit of the Financial Statements

6. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material

2
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

misstatement, whether due to fraud or error, and to issue an auditors report that includes our opinion. Reasonable assurance is a
high level of assurance but is not a guarantee that an audit conducted in accordance with Standards on Auditing will always

3
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if,
individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the
basis of these financial statements.

7. As part of an audit in accordance with Standards on Auditing, we exercise professional judgment and maintain professional
skepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and
perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis
for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control;

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in
the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Holding
Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness
of such controls.;

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related
disclosures made by management;

- Conclude on the appropriateness of managements use of the going concern basis of accounting and, based on the audit
evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the
ability of the Group and its associate and joint venture to continue as a going concern. If we conclude that a material uncertainty
exists, we are required to draw attention in our auditors report to the related disclosures in the financial statements or, if such
disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of
our auditors report. However, future events or conditions may cause the Group and its associate and joint venture to cease to
continue as a going concern; and

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether
the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

- Obtain sufficient appropriate audit evidence regarding the financial information of the entities within the Group, and its
associate and joint venture, to express an opinion on the financial statements. We are responsible for the direction, supervision
and performance of the audit of financial statements of such entities included in the financial statements, of which we are the
independent auditors. For the other entities included in the financial statements, which have been audited by the other auditors,
such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We
remain solely responsible for our audit opinion.

8. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the
audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Other Matter

9. The consolidated financial statements also include the Groups share of net loss (including other comprehensive income) of
Rs. 9 lakhs for the year ended 31 March 2020, as considered in the consolidated financial statements, in respect of one
associate and one joint venture, whose financial statements have not been audited by us. These financial statements have been
audited by other auditors whose reports have been furnished to us by the management and our opinion on the consolidated
financial statements, in so far as it relates to the amounts and disclosures included in respect of the associate and joint venture,
and our report in terms of sub-section (3) of Section 143 of the Act, in so far as it relates to the aforesaid associate and joint
venture, are based solely on the reports of the other auditors.

Our opinion above on the consolidated financial statements, and our report on other legal and regulatory requirements below, are
not modified in respect of the above matters with respect to our reliance on the work done by and the reports of the other
auditors.

Report on Other Legal and Regulatory Requirements

10. As required by section 197(16) of the Act, based on our audit and on the consideration of the reports of the other auditors,
referred to in paragraph 9, on separate financial statements of the associate and joint venture, we report that the associate
company covered under the Act paid remuneration to their respective directors during the year in accordance with the provisions
of and limits laid down under section 197 read with Schedule V to the Act. Further, we report that the provisions of section 197
read with Schedule V to the Act are not applicable to the holding company, one subsidiary company and one joint venture
company covered under the Act, since none of such companies is a public company as defined under section 2(71) of the Act.

11. As required by Section 143 (3) of the Act, based on our audit and on the consideration of the reports of the other auditors on

4
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

separate financial statements and other financial information of the associate and joint venture, we report, to the extent
applicable, that:

a) we have sought and obtained all the information and explanations which to the best of our knowledge and belief were
necessary for the purpose of our audit of the aforesaid consolidated financial statements;

b) in our opinion, proper books of account as required by law relating to preparation of the aforesaid consolidated financial
statements have been kept so far as it appears from our examination of those books and the reports of the other auditors;

c) the consolidated financial statements dealt with by this report are in agreement with the relevant books of account
maintained for the purpose of preparation of the consolidated financial statements;

d) in our opinion, the aforesaid consolidated financial statements comply with Ind AS specified under section 133 of the Act;

e) on the basis of the written representations received from the directors of the Holding Company and taken on record by the
Board of Directors of the Holding Company and the reports of the statutory auditors of its associate company and joint venture
company covered under the Act, none of the directors of the Group companies, its associate company and joint venture
company covered under the Act, are disqualified as on 31 March 2020 from being appointed as a director in terms of Section
164(2) of the Act.;

f) with respect to the adequacy of the internal financial controls with reference to financial statements of the Holding Company,
and its subsidiary company, associate company and joint venture company covered under the Act, and the operating
effectiveness of such controls, refer to our separate report in Annexure I; and

g) with respect to the other matters to be included in the Auditors Report in accordance with rule 11 of the Companies (Audit
and Auditors) Rules, 2014 (as amended), in our opinion and to the best of our information and according to the explanations
given to us and based on the consideration of the report of the other auditors on separate financial statements as also the other
financial information of the associate and joint venture:

i. the consolidated financial statements disclose the impact of pending litigations on the consolidated financial position
of the Group, its associate and joint venture as detailed in Note 42 to the consolidated financial statements;

ii. the Holding Company, its associate company and joint venture company did not have any long-term contracts
including derivative contracts for which there were any material foreseeable losses as at 31 March 2020.;

iii. there has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection
Fund by the Holding Company, and its subsidiary company, associate company and joint venture company during the year
ended 31 March 2020; and

iv. the disclosure requirements relating to holdings as well as dealings in specified bank notes were applicable for the
period from 8 November 2016 to 30 December 2016, which are not relevant to these consolidated financial statements. Hence,
reporting under this clause is not applicable.

For Walker Chandiok & Co LLP

Chartered Accountants

Firms Registration No.: 001076N/N500013

Arun Tandon

Partner

Place: Gurugram Membership No.: 517273

Date: 24 August 2020 UDIN: 20517273AAAADY7048

5
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Annexure I

Independent Auditors Report on the internal financial controls with reference to financial statements under Clause (i) of
Sub-section 3 of Section 143 of the Companies Act, 2013 (the Act)

1. In conjunction with our audit of the consolidated financial statements of PepsiCo India Holdings Private Limited (the Holding
Company) and its subsidiary (the Holding Company and its subsidiary together referred to as the Group), its associate and joint
venture as at and for the year ended 31 March 2020, we have audited the internal financial controls with reference to financial
statements of the Holding Company, its associate company and joint venture company, which are companies covered under the
Act, as at that date.

Responsibilities of Management for Internal Financial Controls

2. The respective Board of Directors of the Holding Company, its subsidiary company, its associate company and joint venture
company, which are companies covered under the Act, are responsible for establishing and maintaining internal financial
controls based on the internal control over financial reporting criteria established by the Holding Company, its associate
company and its joint venture company considering the essential components of internal control stated in Guidance Note on
Audit of Internal Financial Control over Financial Reporting (the Guidance Note) issued by the Institute of Chartered Accountants
of India (ICAI). These responsibilities include the design, implementation and maintenance of adequate internal financial controls
that were operating effectively for ensuring the orderly and efficient conduct of the Companys business, including adherence to
the Companys 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 reliable financial information, as required under the Act.

Auditors Responsibility for the Audit of the Internal Financial Controls with Reference to Financial Statements

3. The audit of internal financial controls with reference to financial statements of the aforementioned subsidiary company,
which is a company covered under the Act, and reporting under Section 143(3)(i) is exempted vide MCA notification no. G.S.R.
583(E) dated 13 June 2017 read with corrigendum dated 14 July 2017. Consequently, our responsibility is to express an opinion
on the internal financial controls with reference to financial statements of the Holding Company, its associate company and joint
venture company, as aforesaid, based on our audit. We conducted our audit in accordance with the Standards on Auditing
issued by the Institute of Chartered Accountants of India (ICAI) prescribed under Section 143(10) of the Act, to the extent
applicable to an audit of internal financial controls with reference to financial statements, and the Guidance Note on Audit of
Internal Financial Controls Over Financial Reporting (the Guidance Note) issued by the ICAI. 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 were established and maintained and if such
controls operated effectively in all material respects.

4. Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls with
reference to financial statements and their operating effectiveness. Our audit of internal financial controls with reference to
financial statements includes obtaining an understanding of such internal financial controls, assessing the risk that a material
weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed
risk. The procedures selected depend on the auditors judgement, including the assessment of the risks of material misstatement
of the financial statements, whether due to fraud or error.

5. We believe that the audit evidence we have obtained and the audit evidence obtained by the other auditors in terms of their
reports referred to in the Other Matters paragraph below, is sufficient and appropriate to provide a basis for our audit opinion on
the internal financial controls with reference to financial statements of the Holding Company, its associate company and joint
venture company as aforesaid.

Meaning of Internal Financial Controls with Reference to Financial Statements

6. A company's internal financial controls with reference to financial statements is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles. A company's internal financial controls with reference to financial
statements include 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 authorisations
of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of
unauthorised acquisition, use, or disposition of the company's assets that could have a material effect on the financial
statements.

Inherent Limitations of Internal Financial Controls with Reference to Financial Statements

6
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

7. Because of the inherent limitations of internal financial controls with reference to financial statements, including the
possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and
not be detected. Also, projections of any evaluation of the internal financial 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.

Opinion

8. In our opinion and based on the consideration of the reports of the other auditors on internal financial controls with reference
to financial statements of the associate company and joint venture company, the Holding Company, its associate company and
joint venture company, which are companies covered under the Act, have in all material respects, adequate internal financial
controls with reference to financial statements and such controls were operating effectively as at 31 March 2020, based on the
internal control over financial reporting criteria established by the Company considering the essential components of internal
control stated in Guidance Note on Audit of Internal Financial Control over Financial Reporting (the Guidance Note) issued by the
Institute of Chartered Accountants of India (ICAI) .

Other Matter

9. The consolidated financial statements include the Groups share of net loss (including other comprehensive income) of Rs.9
lakhs for the year ended 31 March 2020, in respect of one associate company and one joint venture company, which are
companies covered under the Act, whose internal financial controls with reference to financial statements have not been audited
by us. The internal financial controls with reference to financial statements in so far as it relates to such associate company and
joint venture company have been audited by other auditors whose reports have been furnished to us by the management and
our report on the adequacy and operating effectiveness of the internal financial controls with reference to financial statements for
the Holding Company, its associate company and joint venture company, as aforesaid, under Section 143(3)(i) of the Act in so
far as it relates to such associate company and joint venture company is based solely on the reports of the auditors of such
companies. Our opinion is not modified in respect of this matter with respect to our reliance on the work done by and on the
reports of the other auditors.

For Walker Chandiok & Co LLP

Chartered Accountants

Firms Registration No.: 001076N/N500013

Arun Tandon

Partner

Place: Gurugram Membership No.: 517273

Date: 24 August 2020 UDIN: 20517273AAAADY7048

7
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[110000] Balance sheet

Unless otherwise specified, all monetary values are in Lakhs of INR
31/03/2020 31/03/2019 31/03/2018
Balance sheet [Abstract]
Assets [Abstract]
Non-current assets [Abstract]
Property, plant and equipment (A) 1,18,846 (B) 95,023
Capital work-in-progress 8,213 4,403
Investment property 2,899 274
Goodwill 81,589 81,589
Other intangible assets 0 90
Non-current financial assets [Abstract]
Non-current investments 1,420 2,434
Loans, non-current 2,057 1,362
Total non-current financial assets 3,477 3,796
Deferred tax assets (net) 12,179 0

Other non-current assets (C) 48,607 (D) 48,381

Total non-current assets 2,75,810 2,33,556
Current assets [Abstract]
Inventories 74,570 51,402
Current financial assets [Abstract]
Current investments 0 0
Trade receivables, current 26,381 28,398
Cash and cash equivalents 1,49,377 25,021
Bank balance other than cash and cash equivalents 2 2
Loans, current 1,103 1,856
Other current financial assets 0 290
Total current financial assets 1,76,863 55,567
Other current assets 10,192 25,483
Total current assets 2,61,625 1,32,452

Non-current assets classified as held for sale (E) 4,860 (F) 1,59,160
Total assets 5,42,295 5,25,168
Equity and liabilities [Abstract]
Equity [Abstract]
Equity attributable to owners of parent [Abstract]
Equity share capital 3,69,498.6213 3,69,498.6213 3,69,498.6213

Other equity (G) -14,791.62 (H) -57,931.62

Total equity attributable to owners of parent 3,54,707 3,11,567
Non controlling interest 0 0
Total equity 3,54,707 3,11,567
Liabilities [Abstract]
Non-current liabilities [Abstract]
Non-current financial liabilities [Abstract]
Borrowings, non-current 0 0

Other non-current financial liabilities (I) 17,416 (J) 10,285

Total non-current financial liabilities 17,416 10,285
Provisions, non-current 12,482 9,410
Total non-current liabilities 29,898 19,695
Current liabilities [Abstract]
Current financial liabilities [Abstract]
Borrowings, current 0 0

Trade payables, current (K) 93,666 (L) 1,06,426

Other current financial liabilities (M) 10,671 (N) 4,031
Total current financial liabilities 1,04,337 1,10,457
Other current liabilities 5,697 22,067

8
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Provisions, current 47,656 52,434

Total current liabilities 1,57,690 1,84,958
Liabilities directly associated with assets in disposal group
(O) 0
classified as held for sale (P) 8,948
Total liabilities 1,87,588 2,13,601
Total equity and liabilities 5,42,295 5,25,168

9
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Property, plant and equipment 91354
Right of Use Asset 27492

(B)
Particulars 2018-19
Property, plant and equipment 95023
Right of Use Asset 0

(C)
Particulars 2019-20
Other non-current assets 34808
Non current tax assets (net) 13799

(D)
Particulars 2018-19
Other non-current assets 25922
Non current tax assets (net) 22459

(E)
Particulars 2019-20
Assets of disposal group classified as held for sale 4860

(F)
Particulars 2018-19
Assets of disposal group classified as held for sale 159160

(G)
Particulars 2019-20
Other equity -14792
Adjustment to reconcile the equity 0.3787

(H)
Particulars 2018-19
Other equity -57932
Adjustment to reconcile the equity 0.3787

(I)
Particulars 2019-20
Lease liabilities 16909
Other financial liabilities 507

(J)
Particulars 2018-19
Lease liabilities 9897
Other financial liabilities 388

(K)
Particulars 2019-20
Total outstanding dues of micro and small enterprises 1839
Total outstanding dues of creditors other than micro and small enterprises 91827

(L)
Particulars 2018-19

10
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Total outstanding dues of micro and small enterprises 3257

Total outstanding dues of creditors other than micro and small enterprises 103169

(M)
Particulars 2019-20
Lease liabilities 9224
Other financial liabilities 1447

(N)
Particulars 2018-19
Lease liabilities 3424
Other financial liabilities 607

(O)
Particulars 2019-20
Liabilities of a disposal group classified as held for sale 0

(P)
Particulars 2018-19
Liabilities of a disposal group classified as held for sale 8948

[210000] Statement of profit and loss

Earnings per share [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of equity share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Statement of profit and loss [Abstract]
Earnings per share [Abstract]
Earnings per share [Line items]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from
[INR/shares] 1.18 [INR/shares] 0.03 [INR/shares] 1.18 [INR/shares] 0.03
continuing operations
Total basic earnings (loss) per share [INR/shares] 1.18 [INR/shares] 0.03 [INR/shares] 1.18 [INR/shares] 0.03
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from
[INR/shares] 1.18 [INR/shares] 0.03 [INR/shares] 1.18 [INR/shares] 0.03
continuing operations
Total diluted earnings (loss) per share [INR/shares] 1.18 [INR/shares] 0.03 [INR/shares] 1.18 [INR/shares] 0.03

11
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Statement of profit and loss [Abstract]
Income [Abstract]
Revenue from operations 5,43,462 6,25,292
Other income 22,438 7,326
Total income 5,65,900 6,32,618
Expenses [Abstract]
Cost of materials consumed 2,36,352 2,79,387
Purchases of stock-in-trade 48,730 40,976
Changes in inventories of finished goods, work-in-progress and
-1,138 1,255
stock-in-trade
Employee benefit expense 54,088 72,077
Finance costs 3,187 2,134
Depreciation, depletion and amortisation expense 19,002 33,527
Other expenses 1,76,095 1,99,161
Total expenses 5,36,316 6,28,517
Profit before exceptional items and tax 29,584 4,101
Exceptional items before tax 9,054 0
Total profit before tax 38,638 4,101
Tax expense [Abstract]
Current tax 8,969 600
Deferred tax -13,789 2,523
Total tax expense -4,820 3,123
Total profit (loss) for period from continuing operations 43,458 978
Share of profit (loss) of associates and joint ventures accounted for
using equity method (A) -8 (B) 287
Total profit (loss) for period 43,450 1,265
Comprehensive income OCI components presented net of tax [Abstract]
Whether company has other comprehensive income OCI components
No No
presented net of tax
Other comprehensive income net of tax [Abstract]
Total other comprehensive income -1,722 -1,827
Total comprehensive income 41,728 -562
Comprehensive income OCI components presented before tax [Abstract]
Whether company has comprehensive income OCI components presented
Yes Yes
before tax
Other comprehensive income before tax [Abstract]
Components of other comprehensive income that will not be
reclassified to profit or loss, before tax [Abstract]
Other comprehensive income, before tax, gains (losses) on
remeasurements of defined benefit plans (C) -2,642 (D) -1,832
Share of other comprehensive income of associates
and joint ventures accounted for using equity
-3 5
method that will not be reclassified to profit or
loss, before tax
Other comprehensive income that will not be reclassified to
-2,645 -1,827
profit or loss, before tax
Total other comprehensive income, before tax -2,645 -1,827
Income tax relating to components of other comprehensive
income that will not be reclassified to profit or loss
[Abstract]
Others income tax relating to components of other
comprehensive income that will not be reclassified to (E) -923
(F) 0
profit or loss
Aggregated income tax relating to components of other
comprehensive income that will not be reclassified to -923 0
profit or loss
Total other comprehensive income -1,722 -1,827
Total comprehensive income 41,728 -562
Earnings per share explanatory [TextBlock]
Earnings per share [Abstract]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations [INR/shares] 1.18 [INR/shares] 0.03
Total basic earnings (loss) per share [INR/shares] 1.18 [INR/shares] 0.03

12
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Diluted earnings per share [Abstract]

Diluted earnings (loss) per share from continuing operations [INR/shares] 1.18 [INR/shares] 0.03
Total diluted earnings (loss) per share [INR/shares] 1.18 [INR/shares] 0.03

Footnotes
(A)
Particulars 2019-20
Share of profit of associates (net of income tax) 87
Share of (loss) / profit of jointly controlled entity (net of income tax) -95

(B)
Particulars 2018-19
Share of profit of associates (net of income tax) 189
Share of (loss) / profit of jointly controlled entity (net of income tax) 98

(C)
Particulars 2019-20
Remeasurement of defined benefit obligations -2642

(D)
Particulars 2018-19
Remeasurement of defined benefit obligations -1832

(E)
Particulars 2019-20
Income tax relating to above items 923

(F)
Particulars 2018-19
Income tax relating to above items 0

13
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[400200] Statement of changes in equity

Statement of changes in equity [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Equity attributable
to the equity
Components of equity [Axis] Equity [Member]
holders of the
parent [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 43,450 1,265 43,450
Changes in comprehensive income components -1,722 -1,827 -1,722
Total comprehensive income 41,728 -562 41,728
Other changes in equity [Abstract]
Other additions to reserves 2,399 2,862 2,399
Deductions to reserves [Abstract]
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
Other changes in equity, others -988 0 -988
Total other changes in equity 1,411 2,862 1,411
Total increase (decrease) in equity 43,139 2,300 43,139
Other equity at end of period -14,792 -57,931 -60,231 -14,792

Statement of changes in equity [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Equity attributable to the equity holders
Components of equity [Axis] Reserves [Member]
of the parent [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 1,265 43,450 1,265
Changes in comprehensive income components -1,827 -1,719 -1,832
Total comprehensive income -562 41,731 -567
Other changes in equity [Abstract]
Other additions to reserves 2,862 2,399 2,862
Deductions to reserves [Abstract]
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
Other changes in equity, others 0 -988 0
Total other changes in equity 2,862 1,411 2,862
Total increase (decrease) in equity 2,300 43,142 2,295
Other equity at end of period -57,931 -60,231 -14,680 -57,822

14
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Statement of changes in equity [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Components of equity [Axis] Reserves [Member] Securities premium reserve [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0
Total comprehensive income 0 0
Other changes in equity [Abstract]
Other additions to reserves 0 0
Deductions to reserves [Abstract]
Other deductions to reserves 0 0
Total deductions to reserves 0 0
Total other changes in equity 0 0
Total increase (decrease) in equity 0 0
Other equity at end of period -60,117 85,568 85,568 85,568

Statement of changes in equity [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
General reserve
Components of equity [Axis] Employee stock options outstanding [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0 0
Total comprehensive income 0 0 0
Other changes in equity [Abstract]
Other additions to reserves (A) 2,399 (B) 2,862 0
Deductions to reserves [Abstract]
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
Total other changes in equity 2,399 2,862 0
Total increase (decrease) in equity 2,399 2,862 0
Other equity at end of period 26,511 24,112 21,250 6,017

(A)
Particulars 2019-20
Employee share based payment expense for the year (refer note 41) 2399

(B)
Particulars 2018-19
Employee share based payment expense for the year (refer note 42) 2862

15
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Statement of changes in equity [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Components of equity [Axis] General reserve [Member] Retained earnings [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 43,450 1,265
Changes in comprehensive income components -1,719 -1,832
Total comprehensive income 0 41,731 -567
Other changes in equity [Abstract]
Other additions to reserves 0
Deductions to reserves [Abstract]
Other deductions to reserves 0
Total deductions to reserves 0
Other changes in equity, others -988 0
Total other changes in equity 0 -988 0
Total increase (decrease) in equity 0 40,743 -567
Other equity at end of period 6,017 6,017 -1,32,776 -1,73,519

Statement of changes in equity [Table] ..(6)

Unless otherwise specified, all monetary values are in Lakhs of INR
Retained earnings
Components of equity [Axis] Other retained earning [Member]
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 43,450 1,265
Changes in comprehensive income components -1,719 -1,832
Total comprehensive income 41,731 -567
Other changes in equity [Abstract]
Other changes in equity, others (A) -988 0
Total other changes in equity -988 0
Total increase (decrease) in equity 40,743 -567
Other equity at end of period -1,72,952 -1,32,776 -1,73,519 -1,72,952

(A)
Particulars 2019-20
Adjustment from adoption of Ind AS 116 (Net of taxes) -988

16
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Statement of changes in equity [Table] ..(7)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other
comprehensive
Components of equity [Axis] Other equity components [Member]
income, others
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0 0
Changes in comprehensive income components -3 5 -3
Total comprehensive income -3 5 -3
Total increase (decrease) in equity -3 5 -3
Other equity at end of period -112 -109 -114 -112

Statement of changes in equity [Table] ..(8)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other comprehensive income, others
Components of equity [Axis]
[Member]
01/04/2018
to 31/03/2018
31/03/2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0
Changes in comprehensive income components 5
Total comprehensive income 5
Total increase (decrease) in equity 5
Other equity at end of period -109 -114

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019
to
31/03/2020
Textual information (2)
Disclosure of notes on changes in equity [TextBlock] [See below]

17
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (2)

Disclosure of notes on changes in equity [Text Block]

I) Equity share capital

Particulars Amounts

Balance as at 1 April 2018 369,499

Changes in equity share capital during the year -

Balance as at 31 March 2019 369,499

Changes in equity share capital during the year -

Balance as at 31 March 2020 369,499

II) Other equity

Reserve and
Particulars OCI Total
surplus

Equity settled Share of other

Securities General Retained
share based comprehensive income of
premium reserve earnings
payments associates

Balance as at 1 April 2018 21,250 85,568 6,017 (172952) (114) (60231)

Profit for the year - - - 1264 - 1264

Employee share based payment expense

2,862 - - - - 2862
for the year (refer note 41)

Other comprehensive loss for the year

(remeasurement of defined benefit - - - (1832) 5 (1827)
obligation)

Balance as at 31 March 2019 24,112 85,568 6,017 (173520) (109) (57932)

Profit for the year - - - 43450 - 43450

Employee share based payment expense

2,399 - - - - 2399
for the year (refer note 41)

Other comprehensive loss for the year

(remeasurement of defined benefit - - - (1719) (3) (1722)
obligation)

18
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Adjustment from adoption of Ind AS 116 - - - (988) - (988)

(Net of taxes)

Balance as at 31 March 2020 26,511 85,568 6,017 (132776) (112) (14792)

Note 18: Other equity

Particulars As at 3/31/2020 As at 3/31/2019

(a) Securities premium 85568 85568

(b) Equity settled share based payments 26511 24112

(c) General reserve 6017 6017

(d) Retained earnings (132776) (173520)

Items of other comprehensive income (OCI)

Share of OCI of equity accounted investees (112) (109)

(14792) (57932)

Notes : Nature and purpose of reserve

(a) Securities premium

The amount received in excess of face value of the equity shares is recognised in securities premium

(b) Equity settled share based payments

Certain employees of the company are entitled to participate in the Long-Term Incentive Program (‘the Program’) of PepsiCo
Inc., the ultimate parent company, whereby employees are granted Restricted Stock Units (shares) and/or stock options to
purchase shares of PepsiCo Inc. The fair value of the shares and stock options as at the grant date is recognized as ‘Employee
share based payment expense' over the vesting period with a corresponding credit to ‘Equity settled share based payments’. The
Company has no obligation towards PepsiCo Inc. in respect to the program (refer note 41).

(c) General reserve

General reserve is a free reserve which represents the balance of stock options expired unexercised after the vesting period and
equity component of external commercial borrowing.

(d) Retained earnings

Retained earnings are the losses that the Company has incurred till date, less any transfers to general reserve, dividends or
other distributions paid to shareholders.

19
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[320000] Cash flow statement, indirect

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before tax 38,638 4,101
Adjustments for reconcile profit (loss) [Abstract]
Adjustments for finance costs 3,187 2,134
Adjustments for decrease (increase) in inventories -28,339 -10,347

Adjustments for decrease (increase) in trade receivables, current (A) 5,291 (B) 11,769
Adjustments for decrease (increase) in other current assets (C) 10,649 (D) -11,615
Adjustments for other financial assets, current (E) 291 (F) 814
Adjustments for increase (decrease) in trade payables, current (G) -12,981 (H) -3,690
Adjustments for increase (decrease) in other current liabilities (I) -16,371 (J) 17,689
Adjustments for depreciation and amortisation expense 19,002 33,527

Adjustments for provisions, current (K) -6,594 (L) 6,249

Adjustments for interest income 16,946 2,497
Other adjustments for which cash effects are investing or financing
cash flow (M) -8,994 (N) 156

Other adjustments to reconcile profit (loss) (O) -9 (P) 286

Other adjustments for non-cash items (Q) 6,719 (R) 8,923
Total adjustments for reconcile profit (loss) -45,095 53,398
Net cash flows from (used in) operations -6,457 57,499

Income taxes paid (refund) (S) -9,602 (T) 7,300

Net cash flows from (used in) operating activities 3,145 50,199
Cash flows from used in investing activities [Abstract]
Proceeds from sales of property, plant and equipment (U) 1,59,347 (V) 1,476
Purchase of property, plant and equipment (W) 37,250 (X) 30,762
Proceeds from sales of investment property 1,151 0
Interest received 10,098 1,214
Net cash flows from (used in) investing activities 1,33,346 -28,072
Cash flows from used in financing activities [Abstract]
Proceeds from borrowings (Y) 0
(Z) -10,000
Repayments of borrowings (AA) 12,109 (AB) 3,897
Interest paid 26 42
Net cash flows from (used in) financing activities -12,135 -13,939
Net increase (decrease) in cash and cash equivalents before effect of
1,24,356 8,188
exchange rate changes
Net increase (decrease) in cash and cash equivalents 1,24,356 8,188
Cash and cash equivalents cash flow statement at end of period 1,49,377 25,021 16,833

20
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Movement in trade receivables and loans 5291

(B)
Particulars 2018-19
Movement in trade receivables and loans 11769

(C)
Particulars 2019-20
Movement in other assets 10649

(D)
Particulars 2018-19
Movement in other assets -11615

(E)
Particulars 2019-20
Movement in other financial assets 291

(F)
Particulars 2018-19
Movement in other financial assets 814

(G)
Particulars 2019-20
Movement in trade payables and other financial liabilties -12981

(H)
Particulars 2018-19
Movement in trade payables and other financial liabilties -3690

(I)
Particulars 2019-20
Movement in other liabilities -16371

(J)
Particulars 2018-19
Movement in other liabilities 17689

(K)
Particulars 2019-20
Provisions / liabilities no longer required written back -2063
Provision for contingencies 1412
Movement in provisions -5943

(L)
Particulars 2018-19
Provisions / liabilities no longer required written back -4030
Provision for contingencies 3822
Movement in provisions 6457

(M)
Particulars 2019-20
Loss on disposal of property, plant and equipment 1161

21
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Gain on sale of Investment property -1110

Share of loss/(profit) of equity accounted investees 9
Gain from sale of beverage business of south-west territory -9054

(N)
Particulars 2018-19
Loss on disposal of property, plant and equipment 443
Gain on sale of Investment property 0
Share of loss/(profit) of equity accounted investees -287
Gain from sale of beverage business of south-west territory 0

(O)
Particulars 2019-20
Other adjustment to reconcile profit -9

(P)
Particulars 2018-19
Other adjustment to reconcile profit 286

(Q)
Particulars 2019-20
Allowance for inventory loss/inventory written off 5173
Loss allowance on trade receivables written back -853
Employee Stock option expense 2399

(R)
Particulars 2018-19
Allowance for inventory loss/inventory written off 5526
Loss allowance on trade receivables written back 535
Employee Stock option expense 2862

(S)
Particulars 2019-20
Income taxes paid (net) -9602

(T)
Particulars 2018-19
Income taxes paid (net) 7300

(U)
Particulars 2019-20
Proceeds from sale of beverage business 159300
Proceeds from sale of property, plant and equipment 47

(V)
Particulars 2018-19
Proceeds from sale of beverage business 0
Proceeds from sale of property, plant and equipment 1476

(W)
Particulars 2019-20
Acquisition of property, plant and equipment 37250

(X)
Particulars 2018-19
Acquisition of property, plant and equipment 30762

22
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

(Y)
Particulars 2019-20
Repayment from short term borrowings (net) 0

(Z)
Particulars 2018-19
Repayment from short term borrowings (net) -10000

(AA)
Particulars 2019-20
Repayment of lease liabilities 12109

(AB)
Particulars 2018-19
Repayment of lease liabilities 3897

[610100] Notes - List of accounting policies

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019
to
31/03/2020
Textual information (3)
Disclosure of significant accounting policies [TextBlock] [See below]

23
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (3)

Disclosure of significant accounting policies [Text Block]

1. Basis of consolidation

a) Subsidiary

Subsidiary is the entity controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable
returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The
financial statements of subsidiary are included in the consolidated financial statements from the date on which control
commences until the date on which control ceases.

The Group combines the financial statements of the holding company and its subsidiary line by line adding together like items of
assets, liabilities, equity, income and expenses.

b) Equity accounted investees

The Groups interests in equity accounted investees comprise interests in associates and joint venture.

An associate is an entity in which the Group has significant influence, but not control or joint control, over the financial and
operating policies. A joint venture is an arrangement in which the Group has joint control and has rights to the net assets of the
arrangement, rather than rights to its assets and obligations for its liabilities.

Interests in associates and joint venture are accounted for using the equity method. They are initially recognised at cost which
includes transaction costs. Subsequent to initial recognition, the consolidated financial statements include the Groups share of
profit or loss and Other Comprehensive Income (OCI) of equity-accounted investees until the date on which significant influence
or joint control ceases.

c) Transactions eliminated on consolidation

Intra-group balances and transactions, and any unrealised income and expenses arising from intra-group transactions, are
eliminated. Unrealised gains arising from transactions with equity accounted investees are eliminated against the investment to
the extent of the Groups interest in the investee. Unrealised losses are eliminated in the same way as unrealised gains, but only
to the extent that there is no evidence of impairment.

2. Operating segments

Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating Decision
Maker (CODM). The CODM is considered to be the Board of Directors who makes strategic decisions and is responsible for
allocating resources and assessing performance of the operating segments.

3. Property, plant and equipment

a) Recognition and measurement:

Items of property, plant and equipment are measured at cost, less accumulated depreciation and impairment losses, if any.

Freehold land is carried at historical cost. All other items of property, plant and equipment are measured at cost, less
accumulated depreciation and accumulated impairment losses, if any.

Historical cost of an item of property, plant and equipment comprises its purchase price, including import duties and
non-refundable purchase taxes, after deducting trade discounts and rebates, any directly attributable cost of bringing the item to
its working condition for its intended use and estimated costs of dismantling and removing the item and restoring the site on
which it is located.

Items such as spare parts, stand-by equipment and servicing equipment are capitalised when they meet the definition of
property, plant and equipment.

24
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

If significant parts of an item of property, plant and equipment have different useful lives, then they are accounted for as separate
items (major components) of property, plant and equipment.

Any gain or loss on disposal of an item of property, plant and equipment is recognised in the consolidated statement of profit and
loss.

b) Subsequent expenditure:

Subsequent costs are included in the assets carrying amount or recognised as a separate asset, as appropriate, only when it is
probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured
reliably. The carrying amount of any component accounted for as a separate asset is derecognized when replaced. All other
repairs and maintenance are charged to the consolidated statement of profit and loss during the reporting period in which they
are incurred.

c) Depreciation:

Depreciation is provided on the straight line method over the useful lives of assets estimated by the management which, except
for the following assets, are equal to the useful lives prescribed under Schedule II of the Companies Act, 2013.

Items Estimated useful life

Property,
plant and 15 years
equipment

Bottles and
4 years and 6 years respectively
cases

The management also adjusts gross block and accumulated depreciation of bottles and cases on account of plant
and market breakages on a First in First Out (FIFO) basis, due to homogenous nature of the assets, at the end of
the respective estimated useful life of these assets.

Ice chests 2 years

Pushcarts
2 years and 3 years respectively
and kiosks

Vehicles
include 4 years
motor cars

Pallets Fully depreciated in the month of purchase except metal pallets which are depreciated over ten years

Fleet
8 years
vehicles

Visi coolers 7 years

PMX
8 years
machines

Other
market 3 years
equipments

Insurance
5 years
spares

25
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

For above class of assets, the management based on internal technical evaluation, has determined that the useful lives as given
above represent the period over which management expects to use these assets based on different shifts under which the Group
is working on. Hence, the useful lives for these assets is different from the useful lives as prescribed under Part C of Schedule II
of the Companies Act, 2013.

Items of property, plant and equipment individually costing below Rs. 5,000 are depreciated fully in the year of purchase.

Loss arising from retirement or gains or losses arising from disposal of property, plant and equipment which are carried at cost
recognized in the consolidated statement of profit and loss. Depreciation on additions (disposals) is provided on a pro-rata basis
i.e. from (upto) the date on which asset is ready for use (disposed of).

Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives unless it is
reasonably certain that the Group will obtain ownership by the end of the lease term.

Depreciation method and useful lives are reviewed annually. If the useful life of an asset is estimated to be significantly different
from previous estimates, the depreciation period is changed accordingly. If there has been a significant change in the expected
pattern of economic benefits from the asset, the depreciation method is changed to reflect the changed pattern.

d) Capital work in progress

Capital work in progress includes property, plant and equipment under construction and property, plant and equipment pending
installation.

e) Reclassification to investment property

When the use of a property changes from owner-occupied to investment property, the property is reclassified as investment
property at its carrying amount on the date of reclassification.

3. Investment property

Investment property is property held either to earn rental income or for capital appreciation or for both, but not for sale in the
ordinary course of business, use in the production or supply of goods or services or for administrative purposes. Upon initial
recognition, an investment property is measured at cost including related transaction costs and where applicable, borrowing
costs. Subsequent expenditure is capitalized to the assets carrying amount only when it is probable that future economic benefits
associated with the expenditure will flow to the Group and the cost of the item can be measured reliably. All other repairs and
maintenance costs are expensed when incurred. When part of an investment property is replaced, the carrying amount of the
replaced part is derecognized.

Any gain or loss on disposal of an investment property is recognised in consolidated statement profit and loss.

Investment properties are depreciated using the straight-line method over the useful lives as mentioned in Part C of Schedule II
of the Act.

The fair values of investment property is disclosed in the notes. Fair value is determined by an independent valuer who holds a
recognised and relevant professional qualification.

4. Intangible assets

a) Goodwill

Goodwill that arises on an amalgamation or on the acquisition of a business is presented as intangible assets.

Subsequent expenditure is capitalized only when it increases the future economic benefits from the specific asset to which it
relates.

Goodwill is not amortised but are tested for impairment annually or more frequently, if events or changes in circumstances
indicate that it might be impaired. Goodwill is carried at cost less accumulated impairment losses.

b) Other intangible assets

Intangible assets that are acquired by the Group are measured initially at cost. After initial recognition, an intangible asset is
carried at its cost less any accumulated amortisation and any accumulated impairment loss.

26
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

c) Subsequent expenditure

Subsequent expenditure is capitalised only when it increases the future economic benefits embodied in the specific asset to
which it relates. All other expenditure, including expenditure on internally generated goodwill and brands, is recognised in
consolidated statement profit and loss, as incurred.

d) Amortisation

Goodwill is not amortised and is tested for impairment annually.

Amortisation is calculated to write off the cost of intangible assets less their estimated residual values over their estimated useful
lives using the straight-line method, and is included in depreciation and amortisation in consolidated statement of profit and loss.

The estimated useful life of other intangible assets as follows-

- Computer software 5 years

Amortisation method, useful lives and residual values are reviewed at the end of each financial year and adjusted if appropriate.

5. Investments in subsidiary, associates and joint venture

Investments in subsidiary, associates and joint venture are carried at cost less accumulated impairment losses, if any. Where an
indication of impairment exists, the carrying amount of the investment is assessed and written down immediately to its
recoverable amount. On disposal of investments in subsidiaries, associates and joint venture, the difference between net
disposal proceeds and the carrying amounts are recognized in the consolidated statement of profit and loss.

6. Impairment

a) Impairment of non-financial assets

The Groups non-financial assets other than inventories, are reviewed for impairment at each reporting date or whenever events
or changes in circumstances indicate that the carrying amount may not be recoverable. If any such indication exists, then the
assets recoverable amount is estimated. Goodwill is tested annually for impairment.

For impairment testing, assets that do not generate independent cash inflows are grouped together into cash-generating units
(CGUs). Each CGU represents the smallest group of assets that generates cash inflows that are largely independent of the cash
inflows of other assets or CGUs.

The recoverable amount of a CGUs (or individual asset) is higher of fair value less costs of disposal and value in use. Value in
use is based on the estimated future cash flows, discounted to their present value using a pre-tax discount rate that reflects
current market assessments of the time value of money and the risks specific to the CGU (or the asset)

The Groups corporate assets do not generate independent cash inflows. To determine impairment of a corporate asset,
recoverable amount is determined for the CGUs to which the corporate asset belongs.

An impairment loss is recognised for the amount by which the CGUs (or assets) carrying amount exceeds its recoverable
amount. Impairment losses are recognised in the consolidated statement of profit and loss. Impairment loss recognised in
respect of a CGU is allocated first to reduce the carrying amount of any goodwill allocated to the CGU, and then to reduce the
carrying amounts of other assets of the CGU on a pro rata basis.

An impairment loss in respect of goodwill is not subsequently reversed. In respect of other assets for which impairment loss has
been recognised in prior periods, the Group reviews at each reporting date whether there is any indication that the loss has
decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the
recoverable amount. Such a reversal is made only to the extent that the assets carrying amount does not exceed the carrying
amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognised.

b) Impairment of financial instruments

The Group recognises loss allowances for expected credit losses on:

- financial assets measured at amortised cost

27
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

At each reporting date, the Group assesses whether financial assets carried at amortised cost and are credit impaired. A
financial asset is credit impaired when one or more events that have a detrimental impact on the estimated future cash flows of
the financial asset have occurred.

- significant financial difficulty of the borrower or issuer;

- a breach of contract such as a default or being past due for 90 days or more;

- the restructuring of a loan or advance by the Group on terms that the Group would not consider otherwise;

- it is probable that the borrower will enter bankruptcy or other financial reorganisation; or

the disappearance of an active market for a security because of financial difficulties.

The Group measures loss allowances at an amount equal to lifetime expected credit losses, except for the following, which are
measured as 12 month expected credit losses:

bank balances for which credit risk (i.e. the risk of default occurring over the expected life of the financial instrument) has not
increased significantly since initial recognition.

Loss allowances for trade receivables are always measured at an amount equal to lifetime expected credit losses.

Lifetime expected credit losses are the expected credit losses that result from all possible default events over the expected life of
a financial instrument.

12-month expected credit losses are the portion of expected credit losses that result from default events that are possible within
12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months).

In all cases, the maximum period considered when estimating expected credit losses is the maximum contractual period over
which the Group is exposed to credit risk.

c) Measurement of expected credit losses

d) Presentation of allowance for expected credit losses in the consolidated balance sheet

Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets.

e) Write-off

The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic
prospect of recovery. This is generally the case when the Group determines that the debtor does not have assets or sources of
income that could generate sufficient cash flows to repay the amounts subject to the write off. However, financial assets that are
written off could still be subject to enforcement activities in order to comply with the Groups procedures for recovery of amounts
due.

7. Non-current assets held for sale

Non-current assets, comprising assets and liabilities are classified as held for sale if it is highly probable that they will be
recovered primarily through sale rather than through continuing use.

Such assets, are generally measured at the lower of their carrying amount and fair value less costs to sell except for assets such
as deferred tax assets, assets arising from employee benefits, financial assets, which are specifically exempt from this
requirement. Losses on initial classification as held for sale and subsequent gains and losses on re-measurement are recognised
in consolidated statement of profit and loss.

Once classified as held-for-sale, intangible assets, property, plant and equipment and investment properties are no longer
amortised or depreciated.

8. Inventories

Inventories which comprise raw materials, packing materials, work-in-progress, finished goods and stock in trade are carried at
the lower of weighted average cost and net realizable value. Stores and spare parts are valued at cost.

28
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Cost of inventories includes all costs incurred in bringing the inventories to their present location and condition. In determining
cost of work in progress and manufactured inventories, fixed production overheads are allocated on the basis of normal capacity
of production facilities.

Potato seeds stocks are held for production of chip grade potato which is used as a raw material for production of potato chips.
Potato seed stocks are valued at cost.

Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and
the estimated costs necessary to make the sale.

The net realisable value of work-in-progress is determined with reference to the selling prices of related finished products. Raw
materials and other supplies held for use in the production of finished products are not written down below cost except in cases
where material prices have declined and it is estimated that the cost of the finished products will exceed their net realizable
value.

The comparison of cost and net realizable value is made on an item-by-item basis. Appropriate adjustments are made to the
carrying value of damaged, slow moving and obsolete inventories based on management's current best estimate.

9. Revenue

a) Sale of goods:

Revenue from sale of products is recognised when control of products being sold is transferred to customer and when there are
no longer any unfulfilled obligations. The performance obligations in contracts are considered as fulfilled in accordance with the
terms agreed with the respective customers.

Revenue is measured at fair value of the consideration received or receivable and are accounted for net of returns, rebates and
trade discount. Sales, as disclosed, are exclusive of goods and services tax.

The Group considers the terms of the contract and its customary business practices to determine the transaction price. The
transaction price is the amount of consideration to which the Group expects to be entitled in exchange for transferring promised
goods to a customer, excluding amounts collected on behalf of third parties (for example taxes collected on behalf of
government). The consideration promised in a contract with a customer may include fixed consideration, variable consideration (if
reversal is less likely in future), or both.

The transaction price is allocated by the Group to each performance obligation in an amount that depicts the amount of
consideration to which it expects to be entitled in exchange for transferring the promised goods to the customer.

For each performance obligation identified, the Group determines at contract inception whether it satisfies the performance
obligation over time or satisfies the performance obligation at a point in time.

When either party to a contract has performed its obligation, an entity shall present the contract in the balance sheet as a
contract asset or a contract liability, depending on the relationship between the entitys performance and the customers payment.

b) Rendering of services:

Revenue from services is recognised in the accounting period in which the services are rendered on the basis of service
agreements.

c) Interest income:

Interest income or expense is recognised using the effective interest method.

The effective interest rate is the rate that exactly discounts estimated future cash payments or receipts through the expected life
of the financial instrument to:

- the gross carrying amount of the financial asset; or

- the amortised cost of the financial liability.

d) Royalty:

29
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Royalty income is recognised on the terms of the underlying agreement.

10. Employee benefits

a) Short term employee benefits

All employee benefits payable wholly within twelve months of receiving employee services are classified as short-term employee
benefits. These benefits include salaries and wages, bonus and ex-gratia. The undiscounted amount of short-term employee
benefits to be paid in exchange for employee services is recognised as an expense as the related service is rendered by
employees. Further, the liabilities are presented as provisions for employee benefits under current provisions in the consolidated
balance sheet.

b) Defined contribution plan

A defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate
company and will have no legal or constructive obligation to pay further amounts. These contributions are recognised as
employee benefits expenses and charged to the consolidated statement of profit and loss as and when they become payable.

c) Defined benefit plan

A defined benefit plan is a post-employment benefit plan other than a defined contribution plan. The Groups net obligation in
respect of defined benefit plans is calculated separately for each plan by estimating the amount of future benefit that employees
have earned in the current and prior periods, discounting that amount and deducting the fair value of any plan assets.

In respect of certain employees (other than those covered under defined contribution plan) the Group makes specified monthly
contribution towards employee provident fund to provident fund trust administered by the Group. The minimum interest payable
by the provident fund trust to the beneficiaries every year is notified by the Government. The Group has an obligation to make
good the shortfall, if any, between the return on investment of the trust and notified interest rate. This is in the nature of defined
benefit plan.

The calculation of defined benefit obligation is performed annually by a qualified actuary using the projected unit credit method.
When the calculation results in a potential asset for the Group, the recognised asset is limited to the present value of economic
benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan (the asset
ceiling). In order to calculate the present value of economic benefits, consideration is given to any minimum funding
requirements.

Remeasurements of the net defined benefit liability, which comprise actuarial gains and losses, are recognised in other
comprehensive income. The Group determines the net interest expense (income) on the net defined benefit liability (asset) for
the period by applying the discount rate used to measure the defined benefit obligation at the beginning of the annual period to
the then-net defined benefit liability (asset), taking into account any changes in the net defined benefit liability (asset) during the
period as a result of contributions and benefit payments. Net interest expense and other expenses related to defined benefit
plans are recognised in consolidated statement of profit and loss.

When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service
(past service cost or past service gain) or the gain or loss on curtailment is recognised immediately in consolidated statement of
profit and loss. The Group recognises gains and losses on the settlement of a defined benefit plan when the settlement occurs.

d) Other long-term employee benefits

The Groups net obligation in respect of long-term employee benefits other than post-employment benefits is the amount of future
benefit that employees have earned in return for their service in the current and prior periods; that benefit is discounted to
determine its present value, and the fair value of any related assets is deducted. The obligation is measured on the basis of an
annual independent actuarial valuation using the projected unit credit method. Re-measurements gain or losses are recognised
in consolidated statement of profit and loss in the period in which they arise.

e) Share based payments

Certain employees of the Group are entitled to participate in the Long Term Incentive Program (the program) of PepsiCo Inc., the
ultimate parent company, whereby employees are granted Restricted Stock Units (shares) and/or Stock options to purchase
shares of PepsiCo Inc. The fair value of the shares and stock options as at the grant date is recognized as employee stock
compensation cost over the period during which an employee is required to provide service in exchange of the shares and stock
options (vesting period) with a corresponding credit to stock options outstanding account.

Estimating the number of share or share options that are expected to vest requires judgement based upon managements best

30
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

estimate. 100% of the expense is recognized for all shares and stock options that ultimately vest. In a situation where the stock
option expires unexercised after the vesting period, the balance standing to the credit of the stock options outstanding account is
transferred to general reserve.

The fair value of stock options granted is determined at the grant date using valuation techniques consistent with the generally
accepted valuation methodologies for pricing financial instruments and quoted markets value of the share on the grant date is
considered as fair value for share.

11. Leases

a) Transition

Effective 1 April 2019, the Group adopted Ind AS 116 Leases and applied the standard to all lease contracts existing on 1 April
2019 using the modified retrospective method and elected to measure the right-of-use assets at an amount equal to the lease
liability adjusted for any prepaid or accrued lease payments that existed at the date of transition. Consequently, the Group
recorded the lease liability at the present value of the lease payments discounted at the incremental borrowing rate at the date of
initial application and the right of use asset at its carrying amount as if the standard had been applied since the commencement
date of the lease. Accordingly, Group has taken the cumulative adjustment to retained earnings, on the date of initial application
(1 April 2019). Comparatives as at and for the year ended 31 March 2019 have not been retrospectively adjusted and therefore
will continue to be reported under the accounting policies included as part of our Annual Report for year ended 31 March 2019.

Refer note 43 for details on transition.

b) The Group as a lessee

The Groups lease asset classes primarily consist of property leases and copacker leases. The Group assesses whether a
contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control
the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right
to control the use of an identified asset, the Group assesses whether: (i) the contract involves the use of an identified asset (ii)
the Group has substantially all of the economic benefits from use of the asset through the period of the lease and (iii) the Group
has the right to direct the use of the asset.

At the date of commencement of the lease, the Group recognizes a right-of-use asset (ROU) and a corresponding lease liability
for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and
low value leases. For these short-term and low value leases, the Group recognizes the lease payments as an operating expense
on a straight-line basis over the term of the lease.

Certain lease arrangements include the options to extend or terminate the lease before the end of the lease term. ROU assets
and lease liabilities includes these options when it is reasonably certain that they will be exercised.

The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any
lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives.
They are subsequently measured at cost less accumulated depreciation and impairment losses.

Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and
useful life of the underlying asset.

The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments
are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates.
Lease liabilities are re-measured with a corresponding adjustment to the related right of use asset if the Group changes its
assessment if whether it will exercise an extension or a termination option.

12. Foreign currency transactions

Transactions in foreign currencies are translated into the functional currency at the exchange rates at the dates of the
transactions or an average rate if the average rate approximates the actual rate at the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rate
at the reporting date. Non-monetary assets and liabilities that are measured at fair value in a foreign currency are translated into
the functional currency at the exchange rate when the fair value was determined. Non-monetary assets and liabilities that are
measured based on historical cost in a foreign currency are translated at the exchange rate at the date of the transaction.
Exchange differences are recognised in the consolidated statement of profit and loss.

13. Income tax

31
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Income tax comprises current and deferred tax. It is recognised in profit and loss except to the extent that it relates to an item
directly in equity or other comprehensive income.

a) Current tax

Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any adjustment to
the tax payable or receivable in respect of previous years. The amount of current tax reflects the best estimate of the tax amount
expected to be paid or received after considering the uncertainty, if any, related to income taxes. It is measured using tax rates
(and tax laws) enacted or substantively enacted by the reporting date.

Current tax assets and current tax liabilities are offset only if there is a legally enforceable right to set off the recognised amounts,
and it is intended to realise the asset and settle the liability on a net basis or simultaneously.

b) Deferred tax

Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial
reporting purposes and the corresponding amounts used for taxation purposes. Deferred tax is also recognised in respect of
carried forward tax losses and tax credits. Deferred tax is not recognised for:

- temporary differences arising on the initial recognition of assets or liabilities in a transaction that is not a business
combination and that affects neither accounting nor taxable profit or loss at the time of the transaction;

- taxable temporary differences arising on the initial recognition of goodwill.

Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which they
can be used. The existence of unused tax losses is strong evidence that future taxable profit may not be available. Therefore, in
case of a history of recent losses, the Group recognises a deferred tax asset only to the extent that it has sufficient taxable
temporary differences or there is convincing other evidence that sufficient taxable profit will be available against which such
deferred tax asset can be realised.

Deferred tax is measured at the tax rates that are expected to apply to the period when the asset is realised or the liability is
settled, based on the laws that have been enacted or substantively enacted by the reporting date.

The measurement of deferred tax reflects the tax consequences that would follow from the manner in which the Group expects,
at the reporting date, to recover or settle the carrying amount of its assets and liabilities.

Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and
they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they
intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realised simultaneously.

14. Financial instruments

a) Recognition and initial measurement

Trade receivables issued are initially recognised when they are originated. All other financial assets and financial liabilities are
initially recognised when the Group becomes a party to the contractual provisions of the instrument.

A financial asset or financial liability is initially measured at fair value plus, for an item not at fair value through profit and loss
(FVTPL), transaction costs that are directly attributable to its acquisition or issue.

b) Classification and subsequent measurement

i. Financial assets

On initial recognition, a financial asset is classified as measured at

- amortised cost;

- Fair value through other comprehensive income (FVOCI) debt investment;

- Fair value through other comprehensive income (FVOCI) equity investment; or

32
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

- Fair value through profit and loss (FVTPL)

Financial assets are not reclassified subsequent to their initial recognition, except if and in the period the Group changes its
business model for managing financial assets.

A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL:

- the asset is held within a business model whose objective is to hold assets to collect contractual cash flows; and

- the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal
and interest on the principal amount outstanding.

A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL:

- the asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling
financial assets; and

- the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal
and interest on the principal amount outstanding.

All financial assets not classified as measured at amortised cost or FVOCI as described above are measured at FVTPL. This
includes all derivative financial assets. On initial recognition, the Group may irrevocably designate a financial asset that otherwise
meets the requirements to be measured at amortised cost or at FVOCI as at FVTPL if doing so eliminates or significantly
reduces an accounting mismatch that would otherwise arise.

ii. Financial assets: Business model assessment

The Group makes an assessment of the objective of the business model in which a financial asset is held at a portfolio level
because this best reflects the way the business is managed and information is provided to management. The information
considered includes:

- the stated policies and objectives for the portfolio and the operation of those policies in practice. These include whether
managements strategy focuses on earning contractual interest income, maintaining a particular interest rate profile, matching the
duration of the financial assets to the duration of any related liabilities or expected cash outflows or realising cash flows through
the sale of the assets;

- how the performance of the portfolio is evaluated and reported to the Groups management;

- the risks that affect the performance of the business model (and the financial assets held within that business model) and
how those risks are managed;

- how managers of the business are compensated e.g. whether compensation is based on the fair value of the assets
managed or the contractual cash flows collected; and

- the frequency, volume and timing of sales of financial assets in prior periods, the reasons for such sales and expectations
about future sales activity.

iii. Financial assets: Assessment whether contractual cash flows are solely payments of principal and interest

For the purposes of this assessment, principal is defined as the fair value of the financial asset on initial recognition. Interest is
defined as consideration for the time value of money and for the credit risk associated with the principal amount outstanding
during a particular period of time and for other basic lending risks and costs (e.g. liquidity risk and administrative costs), as well
as a profit margin.

In assessing whether the contractual cash flows are solely payments of principal and interest, the Group considers the
contractual terms of the instrument. This includes assessing whether the financial asset contains a contractual term that could
change the timing or amount of contractual cash flows such that it would not meet this condition. In making this assessment, the
Group considers:

- contingent events that would change the amount or timing of cash flows;

- terms that may adjust the contractual coupon rate, including variable interest rate features;

33
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

- prepayment and extension features; and

- terms that limit the Groups claim to cash flows from specified assets (e.g. non recourse features).

iv. Financial assets: Subsequent measurement and gains and losses

Financial
These assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend
assets at
income, are recognised in consolidated statement of profit and loss.
FVTPL

Financial These assets are subsequently measured at amortised cost using the effective interest method. The amortised cost
assets at is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are
amortised recognised in consolidated statement of profit and loss. Any gain or loss on derecognition is recognised in
cost consolidated statement of profit and loss.

These assets are subsequently measured at fair value. Interest income under the effective interest method, foreign
Debt exchange gains and losses and impairment are recognised in consolidated statement profit and loss. Other net
investments gains and losses are recognised in consolidated statement of other comprehensive income. On derecognition, gains
at FVOCI and losses accumulated in consolidated statement of other comprehensive income are reclassified to consolidated
statement profit and loss.

Equity These assets are subsequently measured at fair value. Dividends are recognised as income in consolidated
investments statement profit and loss unless the dividend clearly represents a recovery of part of the cost of the investment.
at FVOCI Other net gains and losses are recognised in OCI and are not reclassified to consolidated statement profit and loss.

v. Financial liabilities: Classification, subsequent measurement and gains and losses

Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is
classified as held for trading, or it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are
measured at fair value and net gains and losses, including any interest expense, are recognised in consolidated statement profit
and loss. Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest
expense and foreign exchange gains and losses are recognised in consolidated statement profit and loss. Any gain or loss on
derecognition is also recognised in consolidated statement profit and loss.

c) Derecognition

i. Financial assets

The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it
transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of
ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks
and rewards of ownership and does not retain control of the financial asset.

If the Group enters into transactions whereby it transfers assets recognised on its consolidated balance sheet, but retains either
all or substantially all of the risks and rewards of the transferred assets, the transferred assets are not derecognised.

ii. Financial liabilities

The Group derecognises a financial liability when its contractual obligations are discharged or cancelled, or expire.

The Group also derecognises a financial liability when its terms are modified and the cash flows under the modified terms are
substantially different. In this case, a new financial liability based on the modified terms is recognised at fair value. The difference
between the carrying amount of the financial liability extinguished and the new financial liability with modified terms is recognised
in consolidated statement profit and loss.

iii. Offsetting

34
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Financial assets and financial liabilities are offset and the net amount presented in the consolidated balance sheet when, and
only when, the Group currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net
basis or to realise the asset and settle the liability simultaneously.

iv. Derivative financial instruments

The Group holds derivative financial instruments such as foreign exchange forward contracts to mitigate the risk of changes in
exchange rates on foreign currency exposures. The counterparty for these contracts is generally a bank.

Derivatives are recognized initially at fair value and attributable transaction costs are recognized in net profit in the consolidated
statement of profit and Loss. Subsequent to initial recognition, the derivatives are measured at fair value through profit or loss
and the resulting exchange gains or losses are included in other income.

15. Borrowing costs

Borrowing costs are interest and other costs (including exchange differences relating to foreign currency borrowings to the extent
that they are regarded as an adjustment to interest costs) incurred in connection with the borrowing of funds. Borrowing costs
directly attributable to acquisition or construction of an asset which necessarily take a substantial period of time to get ready for
their intended use are capitalised as part of the cost of that asset. Other borrowing costs are recognised as an expense in the
period in which they are incurred.

16. Provisions and contingencies

A provision is recognised if, as a result of a past event, the Group has a present legal or constructive obligation that can be
estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are
determined by discounting the expected future cash flows (representing the best estimate of the expenditure required to settle
the present obligation at the balance sheet date) at a pre-tax rate that reflects current market assessments of the time value of
money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost. Expected future
operating losses are not provided for.

Provision in respect of loss/contingencies relating to claims, litigations, assessment, fines, penalties etc. are recognised when it is
probable that a liability will be incurred and the amount can be estimated reliably.

17. Cash and cash equivalents

Cash comprises cash in hand and at bank. Cash equivalents are short-term, highly liquid investments that are readily convertible
into known amounts of cash and which are subject to an insignificant risk of changes in value.

18. Earnings per share

Basic earnings per share is calculated by dividing the net profit/ (loss) for the year attributable to equity shareholders by the
weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed using the
weighted average number of equity and dilutive equity equivalent shares outstanding during the year end, except where the
results would be anti-dilutive.

19. Advertising and marketing

Advertising and marketing expenditure is expensed as incurred. Media costs including third party production expenses incurred
for advertisements to be aired in this subsequent financial year are treated as prepaid expenses. Payments under personal
service contracts of celebrities participating in advertisement and marketing campaigns and multi-year commitments are
expensed in accordance with the terms of the agreement.

35
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[610200] Notes - Corporate information and statement of IndAs compliance

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of corporate information notes and other explanatory information Textual information (4)
[TextBlock] [See below]
Textual information (5) Textual information (6)
Statement of Ind AS compliance [TextBlock] [See below] [See below]
Whether there is any departure from Ind AS No No
Whether there are reclassifications to comparative amounts No No
Textual information (7)
Disclosure of significant accounting policies [TextBlock] [See below]

36
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (4)

Disclosure of corporate information notes and other explanatory information [Text Block]

PepsiCo India Holdings Private Limited (Company or the Holding company), a subsidiary of PepsiCo Panimex Inc. Mauritius, is a
private company incorporated on January 28, 1994 under the provisions of Indian Companies Act. The Company is domiciled in
India and its registered office is situated at Level 3-5, Pioneer Square, Sector 62, Near Golf Course Extension Road, Gurugram,
122002.

These consolidated financial statements comprise the Company and its subsidiary (referred to collectively as the Group) and the
Groups interest in associates and joint ventures.

The Group is engaged in the business of manufacture and trading of aerated and non-aerated beverage products, juice and juice
based drinks and packed food products.

Information of the Company, subsidiary, associates and joint venture which have been considered in the consolidated financial
statements:

Subsidary Consolidation
Particulars Holding Copany Associate Joint Venture Total
Company adjustments/eliminations

PepsiCo India PepsiCo India Pearl Nourish Co Consolidated

Holding Private Sales Private Drinks Beverages adjustments/
Limited Limited Limited Limited eliminations

Net assets (i.e. total assets

minus total liabilities)

-as % of consolidated net

104% -4% 0% 0% -1% 100%
assets

- Amount 368460 (12627) 1414 1003 (3543) 354707

Share in profit and loss

-as % of consolidated
76% 8% 0% 0% 16% 100%
profit and loss

- Amount 32876 3471 86 (98) 7115 43450

Share in other
comprehensive income

-as % of consolidated
other comprehensive 100% 0% 0% 0% 0% 100%
income

- Amount (1719) - (1) (2) - (1722)

Share in total
comphrehensive income

-as % of consolidated total

75% 8% 0% 0% 0% 100%
comphrehensive income

- Amount 31157 3471 85 (100) 7115 41728

37
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

(iii) Historical cost convention

The consolidated financial statements have been prepared on a historical cost basis, except the following:

Certain financial assets and liabilities (including derivative instruments) and contingent consideration is measured at fair
value;

Assets held for sale measured at fair value less cost to sell;

Net defined benefit liability present value of defined benefits plan assets measured at fair value; and

Share based payments

(iv) Functional and presentation currency

These consolidated financial statements are presented in Indian rupees (Rs.) which is also the Groups functional currency. All
amounts have been rounded-off to the nearest lakh, unless other stated.

(v) Use of estimates and judgements

In preparing these consolidated financial statements, management has made judgements, estimates and assumptions that affect
the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may
differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised
prospectively.

Judgements

Information about judgements made in applying accounting policies that have the most significant effects on the amounts
recognised in the consolidated financial statements is included in the following notes:

Note 43 leases: whether an arrangement contains a lease;

Assumptions and estimation uncertainties

The Group based its assumptions and estimates on parameters available when the consolidated financial statements were
prepared. Existing circumstances and assumptions about future developments, however, may change due to market changes or
circumstances arising that are beyond the control of the Group. Such changes are reflected in the assumptions when they occur.

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a
significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are
described below.

- Measurement of defined benefit obligations

- Impairment of financial assets

- Estimated fair value of unlisted securities

- Estimated goodwill impairment

- Measurement of share based payment

- Reasonability of deferred tax assets on carried forward tax losses/ unabsorbed depreciation

- Estimation of useful lives of property, plant and equipment and intangible assets

38
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

(vi) Measurement of fair values

A few of Groups accounting policies and disclosures requires the measurement of fair values, for both financial assets and
non-financial assets and liabilities.

The Group has an established control framework with respect to the measurement of fair values. This includes an in-house team
that has overall responsibility for overseeing all significant fair value measurements, including Level 3 fair values, and reports
directly to the finance controller.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between
market participants at the measurement date, regardless of whether that price is directly observable or estimated using another
valuation technique. In estimating the fair value of an asset or a liability, the Group takes into account the characteristics of the
asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the
measurement date. Fair value for measurement and/or disclosure purposes in these consolidated financial statements is
determined on such a basis, except for share-based payment transactions that are within the scope of Ind AS 102, leasing
transactions that are within the scope of Ind AS 17, and measurements that have some similarities to fair value but are not fair
value, such as net realizable value in Ind AS 2 or value in use in Ind AS 36 or present value of defined benefit obligation in Ind
AS 19.

In addition, for financial reporting purposes, fair value measurements are categorized into Level 1, 2, or 3 based on the degree to
which the inputs to the fair value measurements are observable and the significance of the inputs to the fair value measurement
in its entirety, which are described as follows:

Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the
-
measurement date;

Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset or liability, either
-
directly or indirectly; and

- Level 3 inputs are unobservable inputs for the asset or liability.

When measuring the fair value of an asset or a liability, the Group uses observable market data as far as possible. If the inputs
used to measure the fair value of an asset or a liability fall into different levels of the fair value hierarchy, then the fair value
measurement is categorised in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant
to the entire measurement. The Group recognises transfers between levels of the fair value hierarchy at the end of the reporting
period during which the change has occurred.

(vii) Significant accounting polices

39
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (5)

Statement of Ind AS compliance [Text Block]

a) Subsidiary

Subsidiary is the entity controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable
returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The
financial statements of subsidiary are included in the consolidated financial statements from the date on which control
commences until the date on which control ceases.

The Group combines the financial statements of the holding company and its subsidiary line by line adding together like items of
assets, liabilities, equity, income and expenses.

b) Equity accounted investees

The Group’s interests in equity accounted investees comprise interests in associates and joint venture.

An associate is an entity in which the Group has significant influence, but not control or joint control, over the financial and
operating policies. A joint venture is an arrangement in which the Group has joint control and has rights to the net assets of the
arrangement, rather than rights to its assets and obligations for its liabilities.

Interests in associates and joint venture are accounted for using the equity method. They are initially recognised at cost which
includes transaction costs. Subsequent to initial recognition, the consolidated financial statements include the Group’s share of
profit or loss and Other Comprehensive Income (OCI) of equity-accounted investees until the date on which significant influence
or joint control ceases.

c) Transactions eliminated on consolidation

Intra-group balances and transactions, and any unrealised income and expenses arising from intra-group transactions, are
eliminated. Unrealised gains arising from transactions with equity accounted investees are eliminated against the investment to
the extent of the Group’s interest in the investee. Unrealised losses are eliminated in the same way as unrealised gains, but only
to the extent that there is no evidence of impairment.

40
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (6)

Statement of Ind AS compliance [Text Block]

a) Subsidiary

Subsidiary is the entity controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable
returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The
financial statements of subsidiary are included in the consolidated financial statements from the date on which control
commences until the date on which control ceases.

The Group combines the financial statements of the holding company and its subsidiary line by line adding together like items of
assets, liabilities, equity, income and expenses.

b) Equity accounted investees

The Group’s interests in equity accounted investees comprise interests in associates and joint venture.

An associate is an entity in which the Group has significant influence, but not control or joint control, over the financial and
operating policies. A joint venture is an arrangement in which the Group has joint control and has rights to the net assets of the
arrangement, rather than rights to its assets and obligations for its liabilities.

Interests in associates and joint venture are accounted for using the equity method. They are initially recognised at cost which
includes transaction costs. Subsequent to initial recognition, the consolidated financial statements include the Group’s share of
profit or loss and Other Comprehensive Income (OCI) of equity-accounted investees until the date on which significant influence
or joint control ceases.

c) Transactions eliminated on consolidation

Intra-group balances and transactions, and any unrealised income and expenses arising from intra-group transactions, are
eliminated. Unrealised gains arising from transactions with equity accounted investees are eliminated against the investment to
the extent of the Group’s interest in the investee. Unrealised losses are eliminated in the same way as unrealised gains, but only
to the extent that there is no evidence of impairment.

41
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (7)

Disclosure of significant accounting policies [Text Block]

1. Basis of consolidation

a) Subsidiary

Subsidiary is the entity controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable
returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The
financial statements of subsidiary are included in the consolidated financial statements from the date on which control
commences until the date on which control ceases.

The Group combines the financial statements of the holding company and its subsidiary line by line adding together like items of
assets, liabilities, equity, income and expenses.

b) Equity accounted investees

The Groups interests in equity accounted investees comprise interests in associates and joint venture.

An associate is an entity in which the Group has significant influence, but not control or joint control, over the financial and
operating policies. A joint venture is an arrangement in which the Group has joint control and has rights to the net assets of the
arrangement, rather than rights to its assets and obligations for its liabilities.

Interests in associates and joint venture are accounted for using the equity method. They are initially recognised at cost which
includes transaction costs. Subsequent to initial recognition, the consolidated financial statements include the Groups share of
profit or loss and Other Comprehensive Income (OCI) of equity-accounted investees until the date on which significant influence
or joint control ceases.

c) Transactions eliminated on consolidation

Intra-group balances and transactions, and any unrealised income and expenses arising from intra-group transactions, are
eliminated. Unrealised gains arising from transactions with equity accounted investees are eliminated against the investment to
the extent of the Groups interest in the investee. Unrealised losses are eliminated in the same way as unrealised gains, but only
to the extent that there is no evidence of impairment.

2. Operating segments

Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating Decision
Maker (CODM). The CODM is considered to be the Board of Directors who makes strategic decisions and is responsible for
allocating resources and assessing performance of the operating segments.

3. Property, plant and equipment

a) Recognition and measurement:

Items of property, plant and equipment are measured at cost, less accumulated depreciation and impairment losses, if any.

Freehold land is carried at historical cost. All other items of property, plant and equipment are measured at cost, less
accumulated depreciation and accumulated impairment losses, if any.

Historical cost of an item of property, plant and equipment comprises its purchase price, including import duties and
non-refundable purchase taxes, after deducting trade discounts and rebates, any directly attributable cost of bringing the item to
its working condition for its intended use and estimated costs of dismantling and removing the item and restoring the site on
which it is located.

Items such as spare parts, stand-by equipment and servicing equipment are capitalised when they meet the definition of
property, plant and equipment.

42
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

If significant parts of an item of property, plant and equipment have different useful lives, then they are accounted for as separate
items (major components) of property, plant and equipment.

Any gain or loss on disposal of an item of property, plant and equipment is recognised in the consolidated statement of profit and
loss.

b) Subsequent expenditure:

Subsequent costs are included in the assets carrying amount or recognised as a separate asset, as appropriate, only when it is
probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured
reliably. The carrying amount of any component accounted for as a separate asset is derecognized when replaced. All other
repairs and maintenance are charged to the consolidated statement of profit and loss during the reporting period in which they
are incurred.

c) Depreciation:

Depreciation is provided on the straight line method over the useful lives of assets estimated by the management which, except
for the following assets, are equal to the useful lives prescribed under Schedule II of the Companies Act, 2013.

Items Estimated useful life

Property,
plant and 15 years
equipment

Bottles and
4 years and 6 years respectively
cases

The management also adjusts gross block and accumulated depreciation of bottles and cases on account of plant
and market breakages on a First in First Out (FIFO) basis, due to homogenous nature of the assets, at the end of
the respective estimated useful life of these assets.

Ice chests 2 years

Pushcarts
2 years and 3 years respectively
and kiosks

Vehicles
include 4 years
motor cars

Pallets Fully depreciated in the month of purchase except metal pallets which are depreciated over ten years

Fleet
8 years
vehicles

Visi coolers 7 years

PMX
8 years
machines

Other
market 3 years
equipments

Insurance
5 years
spares

43
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

For above class of assets, the management based on internal technical evaluation, has determined that the useful lives as given
above represent the period over which management expects to use these assets based on different shifts under which the Group
is working on. Hence, the useful lives for these assets is different from the useful lives as prescribed under Part C of Schedule II
of the Companies Act, 2013.

Items of property, plant and equipment individually costing below Rs. 5,000 are depreciated fully in the year of purchase.

Loss arising from retirement or gains or losses arising from disposal of property, plant and equipment which are carried at cost
recognized in the consolidated statement of profit and loss. Depreciation on additions (disposals) is provided on a pro-rata basis
i.e. from (upto) the date on which asset is ready for use (disposed of).

Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives unless it is
reasonably certain that the Group will obtain ownership by the end of the lease term.

Depreciation method and useful lives are reviewed annually. If the useful life of an asset is estimated to be significantly different
from previous estimates, the depreciation period is changed accordingly. If there has been a significant change in the expected
pattern of economic benefits from the asset, the depreciation method is changed to reflect the changed pattern.

d) Capital work in progress

Capital work in progress includes property, plant and equipment under construction and property, plant and equipment pending
installation.

e) Reclassification to investment property

When the use of a property changes from owner-occupied to investment property, the property is reclassified as investment
property at its carrying amount on the date of reclassification.

3. Investment property

Investment property is property held either to earn rental income or for capital appreciation or for both, but not for sale in the
ordinary course of business, use in the production or supply of goods or services or for administrative purposes. Upon initial
recognition, an investment property is measured at cost including related transaction costs and where applicable, borrowing
costs. Subsequent expenditure is capitalized to the assets carrying amount only when it is probable that future economic benefits
associated with the expenditure will flow to the Group and the cost of the item can be measured reliably. All other repairs and
maintenance costs are expensed when incurred. When part of an investment property is replaced, the carrying amount of the
replaced part is derecognized.

Any gain or loss on disposal of an investment property is recognised in consolidated statement profit and loss.

Investment properties are depreciated using the straight-line method over the useful lives as mentioned in Part C of Schedule II
of the Act.

The fair values of investment property is disclosed in the notes. Fair value is determined by an independent valuer who holds a
recognised and relevant professional qualification.

4. Intangible assets

a) Goodwill

Goodwill that arises on an amalgamation or on the acquisition of a business is presented as intangible assets.

Subsequent expenditure is capitalized only when it increases the future economic benefits from the specific asset to which it
relates.

Goodwill is not amortised but are tested for impairment annually or more frequently, if events or changes in circumstances
indicate that it might be impaired. Goodwill is carried at cost less accumulated impairment losses.

b) Other intangible assets

Intangible assets that are acquired by the Group are measured initially at cost. After initial recognition, an intangible asset is
carried at its cost less any accumulated amortisation and any accumulated impairment loss.

44
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

c) Subsequent expenditure

Subsequent expenditure is capitalised only when it increases the future economic benefits embodied in the specific asset to
which it relates. All other expenditure, including expenditure on internally generated goodwill and brands, is recognised in
consolidated statement profit and loss, as incurred.

d) Amortisation

Goodwill is not amortised and is tested for impairment annually.

Amortisation is calculated to write off the cost of intangible assets less their estimated residual values over their estimated useful
lives using the straight-line method, and is included in depreciation and amortisation in consolidated statement of profit and loss.

The estimated useful life of other intangible assets as follows-

- Computer software 5 years

Amortisation method, useful lives and residual values are reviewed at the end of each financial year and adjusted if appropriate.

5. Investments in subsidiary, associates and joint venture

Investments in subsidiary, associates and joint venture are carried at cost less accumulated impairment losses, if any. Where an
indication of impairment exists, the carrying amount of the investment is assessed and written down immediately to its
recoverable amount. On disposal of investments in subsidiaries, associates and joint venture, the difference between net
disposal proceeds and the carrying amounts are recognized in the consolidated statement of profit and loss.

6. Impairment

a) Impairment of non-financial assets

The Groups non-financial assets other than inventories, are reviewed for impairment at each reporting date or whenever events
or changes in circumstances indicate that the carrying amount may not be recoverable. If any such indication exists, then the
assets recoverable amount is estimated. Goodwill is tested annually for impairment.

For impairment testing, assets that do not generate independent cash inflows are grouped together into cash-generating units
(CGUs). Each CGU represents the smallest group of assets that generates cash inflows that are largely independent of the cash
inflows of other assets or CGUs.

The recoverable amount of a CGUs (or individual asset) is higher of fair value less costs of disposal and value in use. Value in
use is based on the estimated future cash flows, discounted to their present value using a pre-tax discount rate that reflects
current market assessments of the time value of money and the risks specific to the CGU (or the asset)

The Groups corporate assets do not generate independent cash inflows. To determine impairment of a corporate asset,
recoverable amount is determined for the CGUs to which the corporate asset belongs.

An impairment loss is recognised for the amount by which the CGUs (or assets) carrying amount exceeds its recoverable
amount. Impairment losses are recognised in the consolidated statement of profit and loss. Impairment loss recognised in
respect of a CGU is allocated first to reduce the carrying amount of any goodwill allocated to the CGU, and then to reduce the
carrying amounts of other assets of the CGU on a pro rata basis.

An impairment loss in respect of goodwill is not subsequently reversed. In respect of other assets for which impairment loss has
been recognised in prior periods, the Group reviews at each reporting date whether there is any indication that the loss has
decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the
recoverable amount. Such a reversal is made only to the extent that the assets carrying amount does not exceed the carrying
amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognised.

b) Impairment of financial instruments

The Group recognises loss allowances for expected credit losses on:

- financial assets measured at amortised cost

45
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

At each reporting date, the Group assesses whether financial assets carried at amortised cost and are credit impaired. A
financial asset is credit impaired when one or more events that have a detrimental impact on the estimated future cash flows of
the financial asset have occurred.

- significant financial difficulty of the borrower or issuer;

- a breach of contract such as a default or being past due for 90 days or more;

- the restructuring of a loan or advance by the Group on terms that the Group would not consider otherwise;

- it is probable that the borrower will enter bankruptcy or other financial reorganisation; or

the disappearance of an active market for a security because of financial difficulties.

The Group measures loss allowances at an amount equal to lifetime expected credit losses, except for the following, which are
measured as 12 month expected credit losses:

bank balances for which credit risk (i.e. the risk of default occurring over the expected life of the financial instrument) has not
increased significantly since initial recognition.

Loss allowances for trade receivables are always measured at an amount equal to lifetime expected credit losses.

Lifetime expected credit losses are the expected credit losses that result from all possible default events over the expected life of
a financial instrument.

12-month expected credit losses are the portion of expected credit losses that result from default events that are possible within
12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months).

In all cases, the maximum period considered when estimating expected credit losses is the maximum contractual period over
which the Group is exposed to credit risk.

c) Measurement of expected credit losses

d) Presentation of allowance for expected credit losses in the consolidated balance sheet

Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets.

e) Write-off

The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic
prospect of recovery. This is generally the case when the Group determines that the debtor does not have assets or sources of
income that could generate sufficient cash flows to repay the amounts subject to the write off. However, financial assets that are
written off could still be subject to enforcement activities in order to comply with the Groups procedures for recovery of amounts
due.

7. Non-current assets held for sale

Non-current assets, comprising assets and liabilities are classified as held for sale if it is highly probable that they will be
recovered primarily through sale rather than through continuing use.

Such assets, are generally measured at the lower of their carrying amount and fair value less costs to sell except for assets such
as deferred tax assets, assets arising from employee benefits, financial assets, which are specifically exempt from this
requirement. Losses on initial classification as held for sale and subsequent gains and losses on re-measurement are recognised
in consolidated statement of profit and loss.

Once classified as held-for-sale, intangible assets, property, plant and equipment and investment properties are no longer
amortised or depreciated.

8. Inventories

Inventories which comprise raw materials, packing materials, work-in-progress, finished goods and stock in trade are carried at
the lower of weighted average cost and net realizable value. Stores and spare parts are valued at cost.

46
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Cost of inventories includes all costs incurred in bringing the inventories to their present location and condition. In determining
cost of work in progress and manufactured inventories, fixed production overheads are allocated on the basis of normal capacity
of production facilities.

Potato seeds stocks are held for production of chip grade potato which is used as a raw material for production of potato chips.
Potato seed stocks are valued at cost.

Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and
the estimated costs necessary to make the sale.

The net realisable value of work-in-progress is determined with reference to the selling prices of related finished products. Raw
materials and other supplies held for use in the production of finished products are not written down below cost except in cases
where material prices have declined and it is estimated that the cost of the finished products will exceed their net realizable
value.

The comparison of cost and net realizable value is made on an item-by-item basis. Appropriate adjustments are made to the
carrying value of damaged, slow moving and obsolete inventories based on management's current best estimate.

9. Revenue

a) Sale of goods:

Revenue from sale of products is recognised when control of products being sold is transferred to customer and when there are
no longer any unfulfilled obligations. The performance obligations in contracts are considered as fulfilled in accordance with the
terms agreed with the respective customers.

Revenue is measured at fair value of the consideration received or receivable and are accounted for net of returns, rebates and
trade discount. Sales, as disclosed, are exclusive of goods and services tax.

The Group considers the terms of the contract and its customary business practices to determine the transaction price. The
transaction price is the amount of consideration to which the Group expects to be entitled in exchange for transferring promised
goods to a customer, excluding amounts collected on behalf of third parties (for example taxes collected on behalf of
government). The consideration promised in a contract with a customer may include fixed consideration, variable consideration (if
reversal is less likely in future), or both.

The transaction price is allocated by the Group to each performance obligation in an amount that depicts the amount of
consideration to which it expects to be entitled in exchange for transferring the promised goods to the customer.

For each performance obligation identified, the Group determines at contract inception whether it satisfies the performance
obligation over time or satisfies the performance obligation at a point in time.

When either party to a contract has performed its obligation, an entity shall present the contract in the balance sheet as a
contract asset or a contract liability, depending on the relationship between the entitys performance and the customers payment.

b) Rendering of services:

Revenue from services is recognised in the accounting period in which the services are rendered on the basis of service
agreements.

c) Interest income:

Interest income or expense is recognised using the effective interest method.

The effective interest rate is the rate that exactly discounts estimated future cash payments or receipts through the expected life
of the financial instrument to:

- the gross carrying amount of the financial asset; or

- the amortised cost of the financial liability.

d) Royalty:

47
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Royalty income is recognised on the terms of the underlying agreement.

10. Employee benefits

a) Short term employee benefits

All employee benefits payable wholly within twelve months of receiving employee services are classified as short-term employee
benefits. These benefits include salaries and wages, bonus and ex-gratia. The undiscounted amount of short-term employee
benefits to be paid in exchange for employee services is recognised as an expense as the related service is rendered by
employees. Further, the liabilities are presented as provisions for employee benefits under current provisions in the consolidated
balance sheet.

b) Defined contribution plan

A defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate
company and will have no legal or constructive obligation to pay further amounts. These contributions are recognised as
employee benefits expenses and charged to the consolidated statement of profit and loss as and when they become payable.

c) Defined benefit plan

A defined benefit plan is a post-employment benefit plan other than a defined contribution plan. The Groups net obligation in
respect of defined benefit plans is calculated separately for each plan by estimating the amount of future benefit that employees
have earned in the current and prior periods, discounting that amount and deducting the fair value of any plan assets.

In respect of certain employees (other than those covered under defined contribution plan) the Group makes specified monthly
contribution towards employee provident fund to provident fund trust administered by the Group. The minimum interest payable
by the provident fund trust to the beneficiaries every year is notified by the Government. The Group has an obligation to make
good the shortfall, if any, between the return on investment of the trust and notified interest rate. This is in the nature of defined
benefit plan.

The calculation of defined benefit obligation is performed annually by a qualified actuary using the projected unit credit method.
When the calculation results in a potential asset for the Group, the recognised asset is limited to the present value of economic
benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan (the asset
ceiling). In order to calculate the present value of economic benefits, consideration is given to any minimum funding
requirements.

Remeasurements of the net defined benefit liability, which comprise actuarial gains and losses, are recognised in other
comprehensive income. The Group determines the net interest expense (income) on the net defined benefit liability (asset) for
the period by applying the discount rate used to measure the defined benefit obligation at the beginning of the annual period to
the then-net defined benefit liability (asset), taking into account any changes in the net defined benefit liability (asset) during the
period as a result of contributions and benefit payments. Net interest expense and other expenses related to defined benefit
plans are recognised in consolidated statement of profit and loss.

When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service
(past service cost or past service gain) or the gain or loss on curtailment is recognised immediately in consolidated statement of
profit and loss. The Group recognises gains and losses on the settlement of a defined benefit plan when the settlement occurs.

d) Other long-term employee benefits

The Groups net obligation in respect of long-term employee benefits other than post-employment benefits is the amount of future
benefit that employees have earned in return for their service in the current and prior periods; that benefit is discounted to
determine its present value, and the fair value of any related assets is deducted. The obligation is measured on the basis of an
annual independent actuarial valuation using the projected unit credit method. Re-measurements gain or losses are recognised
in consolidated statement of profit and loss in the period in which they arise.

e) Share based payments

Certain employees of the Group are entitled to participate in the Long Term Incentive Program (the program) of PepsiCo Inc., the
ultimate parent company, whereby employees are granted Restricted Stock Units (shares) and/or Stock options to purchase
shares of PepsiCo Inc. The fair value of the shares and stock options as at the grant date is recognized as employee stock
compensation cost over the period during which an employee is required to provide service in exchange of the shares and stock
options (vesting period) with a corresponding credit to stock options outstanding account.

Estimating the number of share or share options that are expected to vest requires judgement based upon managements best

48
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

estimate. 100% of the expense is recognized for all shares and stock options that ultimately vest. In a situation where the stock
option expires unexercised after the vesting period, the balance standing to the credit of the stock options outstanding account is
transferred to general reserve.

The fair value of stock options granted is determined at the grant date using valuation techniques consistent with the generally
accepted valuation methodologies for pricing financial instruments and quoted markets value of the share on the grant date is
considered as fair value for share.

11. Leases

a) Transition

Effective 1 April 2019, the Group adopted Ind AS 116 Leases and applied the standard to all lease contracts existing on 1 April
2019 using the modified retrospective method and elected to measure the right-of-use assets at an amount equal to the lease
liability adjusted for any prepaid or accrued lease payments that existed at the date of transition. Consequently, the Group
recorded the lease liability at the present value of the lease payments discounted at the incremental borrowing rate at the date of
initial application and the right of use asset at its carrying amount as if the standard had been applied since the commencement
date of the lease. Accordingly, Group has taken the cumulative adjustment to retained earnings, on the date of initial application
(1 April 2019). Comparatives as at and for the year ended 31 March 2019 have not been retrospectively adjusted and therefore
will continue to be reported under the accounting policies included as part of our Annual Report for year ended 31 March 2019.

Refer note 43 for details on transition.

b) The Group as a lessee

The Groups lease asset classes primarily consist of property leases and copacker leases. The Group assesses whether a
contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control
the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right
to control the use of an identified asset, the Group assesses whether: (i) the contract involves the use of an identified asset (ii)
the Group has substantially all of the economic benefits from use of the asset through the period of the lease and (iii) the Group
has the right to direct the use of the asset.

At the date of commencement of the lease, the Group recognizes a right-of-use asset (ROU) and a corresponding lease liability
for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and
low value leases. For these short-term and low value leases, the Group recognizes the lease payments as an operating expense
on a straight-line basis over the term of the lease.

Certain lease arrangements include the options to extend or terminate the lease before the end of the lease term. ROU assets
and lease liabilities includes these options when it is reasonably certain that they will be exercised.

The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any
lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives.
They are subsequently measured at cost less accumulated depreciation and impairment losses.

Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and
useful life of the underlying asset.

The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments
are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates.
Lease liabilities are re-measured with a corresponding adjustment to the related right of use asset if the Group changes its
assessment if whether it will exercise an extension or a termination option.

12. Foreign currency transactions

Transactions in foreign currencies are translated into the functional currency at the exchange rates at the dates of the
transactions or an average rate if the average rate approximates the actual rate at the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rate
at the reporting date. Non-monetary assets and liabilities that are measured at fair value in a foreign currency are translated into
the functional currency at the exchange rate when the fair value was determined. Non-monetary assets and liabilities that are
measured based on historical cost in a foreign currency are translated at the exchange rate at the date of the transaction.
Exchange differences are recognised in the consolidated statement of profit and loss.

13. Income tax

49
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Income tax comprises current and deferred tax. It is recognised in profit and loss except to the extent that it relates to an item
directly in equity or other comprehensive income.

a) Current tax

Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any adjustment to
the tax payable or receivable in respect of previous years. The amount of current tax reflects the best estimate of the tax amount
expected to be paid or received after considering the uncertainty, if any, related to income taxes. It is measured using tax rates
(and tax laws) enacted or substantively enacted by the reporting date.

Current tax assets and current tax liabilities are offset only if there is a legally enforceable right to set off the recognised amounts,
and it is intended to realise the asset and settle the liability on a net basis or simultaneously.

b) Deferred tax

Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial
reporting purposes and the corresponding amounts used for taxation purposes. Deferred tax is also recognised in respect of
carried forward tax losses and tax credits. Deferred tax is not recognised for:

- temporary differences arising on the initial recognition of assets or liabilities in a transaction that is not a business
combination and that affects neither accounting nor taxable profit or loss at the time of the transaction;

- taxable temporary differences arising on the initial recognition of goodwill.

Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which they
can be used. The existence of unused tax losses is strong evidence that future taxable profit may not be available. Therefore, in
case of a history of recent losses, the Group recognises a deferred tax asset only to the extent that it has sufficient taxable
temporary differences or there is convincing other evidence that sufficient taxable profit will be available against which such
deferred tax asset can be realised.

Deferred tax is measured at the tax rates that are expected to apply to the period when the asset is realised or the liability is
settled, based on the laws that have been enacted or substantively enacted by the reporting date.

The measurement of deferred tax reflects the tax consequences that would follow from the manner in which the Group expects,
at the reporting date, to recover or settle the carrying amount of its assets and liabilities.

Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and
they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they
intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realised simultaneously.

14. Financial instruments

a) Recognition and initial measurement

Trade receivables issued are initially recognised when they are originated. All other financial assets and financial liabilities are
initially recognised when the Group becomes a party to the contractual provisions of the instrument.

A financial asset or financial liability is initially measured at fair value plus, for an item not at fair value through profit and loss
(FVTPL), transaction costs that are directly attributable to its acquisition or issue.

b) Classification and subsequent measurement

i. Financial assets

On initial recognition, a financial asset is classified as measured at

- amortised cost;

- Fair value through other comprehensive income (FVOCI) debt investment;

- Fair value through other comprehensive income (FVOCI) equity investment; or

50
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

- Fair value through profit and loss (FVTPL)

Financial assets are not reclassified subsequent to their initial recognition, except if and in the period the Group changes its
business model for managing financial assets.

A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL:

- the asset is held within a business model whose objective is to hold assets to collect contractual cash flows; and

- the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal
and interest on the principal amount outstanding.

A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL:

- the asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling
financial assets; and

- the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal
and interest on the principal amount outstanding.

All financial assets not classified as measured at amortised cost or FVOCI as described above are measured at FVTPL. This
includes all derivative financial assets. On initial recognition, the Group may irrevocably designate a financial asset that otherwise
meets the requirements to be measured at amortised cost or at FVOCI as at FVTPL if doing so eliminates or significantly
reduces an accounting mismatch that would otherwise arise.

ii. Financial assets: Business model assessment

The Group makes an assessment of the objective of the business model in which a financial asset is held at a portfolio level
because this best reflects the way the business is managed and information is provided to management. The information
considered includes:

- the stated policies and objectives for the portfolio and the operation of those policies in practice. These include whether
managements strategy focuses on earning contractual interest income, maintaining a particular interest rate profile, matching the
duration of the financial assets to the duration of any related liabilities or expected cash outflows or realising cash flows through
the sale of the assets;

- how the performance of the portfolio is evaluated and reported to the Groups management;

- the risks that affect the performance of the business model (and the financial assets held within that business model) and
how those risks are managed;

- how managers of the business are compensated e.g. whether compensation is based on the fair value of the assets
managed or the contractual cash flows collected; and

- the frequency, volume and timing of sales of financial assets in prior periods, the reasons for such sales and expectations
about future sales activity.

iii. Financial assets: Assessment whether contractual cash flows are solely payments of principal and interest

For the purposes of this assessment, principal is defined as the fair value of the financial asset on initial recognition. Interest is
defined as consideration for the time value of money and for the credit risk associated with the principal amount outstanding
during a particular period of time and for other basic lending risks and costs (e.g. liquidity risk and administrative costs), as well
as a profit margin.

In assessing whether the contractual cash flows are solely payments of principal and interest, the Group considers the
contractual terms of the instrument. This includes assessing whether the financial asset contains a contractual term that could
change the timing or amount of contractual cash flows such that it would not meet this condition. In making this assessment, the
Group considers:

- contingent events that would change the amount or timing of cash flows;

- terms that may adjust the contractual coupon rate, including variable interest rate features;

51
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

- prepayment and extension features; and

- terms that limit the Groups claim to cash flows from specified assets (e.g. non recourse features).

iv. Financial assets: Subsequent measurement and gains and losses

Financial
These assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend
assets at
income, are recognised in consolidated statement of profit and loss.
FVTPL

Financial These assets are subsequently measured at amortised cost using the effective interest method. The amortised cost
assets at is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are
amortised recognised in consolidated statement of profit and loss. Any gain or loss on derecognition is recognised in
cost consolidated statement of profit and loss.

These assets are subsequently measured at fair value. Interest income under the effective interest method, foreign
Debt exchange gains and losses and impairment are recognised in consolidated statement profit and loss. Other net
investments gains and losses are recognised in consolidated statement of other comprehensive income. On derecognition, gains
at FVOCI and losses accumulated in consolidated statement of other comprehensive income are reclassified to consolidated
statement profit and loss.

Equity These assets are subsequently measured at fair value. Dividends are recognised as income in consolidated
investments statement profit and loss unless the dividend clearly represents a recovery of part of the cost of the investment.
at FVOCI Other net gains and losses are recognised in OCI and are not reclassified to consolidated statement profit and loss.

v. Financial liabilities: Classification, subsequent measurement and gains and losses

Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is
classified as held for trading, or it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are
measured at fair value and net gains and losses, including any interest expense, are recognised in consolidated statement profit
and loss. Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest
expense and foreign exchange gains and losses are recognised in consolidated statement profit and loss. Any gain or loss on
derecognition is also recognised in consolidated statement profit and loss.

c) Derecognition

i. Financial assets

The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it
transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of
ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks
and rewards of ownership and does not retain control of the financial asset.

If the Group enters into transactions whereby it transfers assets recognised on its consolidated balance sheet, but retains either
all or substantially all of the risks and rewards of the transferred assets, the transferred assets are not derecognised.

ii. Financial liabilities

The Group derecognises a financial liability when its contractual obligations are discharged or cancelled, or expire.

The Group also derecognises a financial liability when its terms are modified and the cash flows under the modified terms are
substantially different. In this case, a new financial liability based on the modified terms is recognised at fair value. The difference
between the carrying amount of the financial liability extinguished and the new financial liability with modified terms is recognised
in consolidated statement profit and loss.

iii. Offsetting

52
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Financial assets and financial liabilities are offset and the net amount presented in the consolidated balance sheet when, and
only when, the Group currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net
basis or to realise the asset and settle the liability simultaneously.

iv. Derivative financial instruments

The Group holds derivative financial instruments such as foreign exchange forward contracts to mitigate the risk of changes in
exchange rates on foreign currency exposures. The counterparty for these contracts is generally a bank.

Derivatives are recognized initially at fair value and attributable transaction costs are recognized in net profit in the consolidated
statement of profit and Loss. Subsequent to initial recognition, the derivatives are measured at fair value through profit or loss
and the resulting exchange gains or losses are included in other income.

15. Borrowing costs

Borrowing costs are interest and other costs (including exchange differences relating to foreign currency borrowings to the extent
that they are regarded as an adjustment to interest costs) incurred in connection with the borrowing of funds. Borrowing costs
directly attributable to acquisition or construction of an asset which necessarily take a substantial period of time to get ready for
their intended use are capitalised as part of the cost of that asset. Other borrowing costs are recognised as an expense in the
period in which they are incurred.

16. Provisions and contingencies

A provision is recognised if, as a result of a past event, the Group has a present legal or constructive obligation that can be
estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are
determined by discounting the expected future cash flows (representing the best estimate of the expenditure required to settle
the present obligation at the balance sheet date) at a pre-tax rate that reflects current market assessments of the time value of
money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost. Expected future
operating losses are not provided for.

Provision in respect of loss/contingencies relating to claims, litigations, assessment, fines, penalties etc. are recognised when it is
probable that a liability will be incurred and the amount can be estimated reliably.

17. Cash and cash equivalents

Cash comprises cash in hand and at bank. Cash equivalents are short-term, highly liquid investments that are readily convertible
into known amounts of cash and which are subject to an insignificant risk of changes in value.

18. Earnings per share

Basic earnings per share is calculated by dividing the net profit/ (loss) for the year attributable to equity shareholders by the
weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed using the
weighted average number of equity and dilutive equity equivalent shares outstanding during the year end, except where the
results would be anti-dilutive.

19. Advertising and marketing

Advertising and marketing expenditure is expensed as incurred. Media costs including third party production expenses incurred
for advertisements to be aired in this subsequent financial year are treated as prepaid expenses. Payments under personal
service contracts of celebrities participating in advertisement and marketing campaigns and multi-year commitments are
expensed in accordance with the terms of the agreement.

53
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[610300] Notes - Accounting policies, changes in accounting estimates and errors

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of changes in accounting policies, accounting estimates and errors
[TextBlock]
Disclosure of initial application of standards or interpretations
[TextBlock]
Whether initial application of an Ind AS has an effect on the
No No
current period or any prior period
Disclosure of voluntary change in accounting policy [TextBlock]
Whether there is any voluntary change in accounting policy No No
Disclosure of changes in accounting estimates [TextBlock]
Whether there are changes in acounting estimates during the year No No

[400600] Notes - Property, plant and equipment

Disclosure of additional information about property plant and equipment [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Assets held under lease [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child
Refer to child member straight line method straight line method
equipment member
The useful lives
The useful lives
prescribed under
Useful lives or depreciation rates, property, Refer to child prescribed under
Refer to child member Schedule II of the
plant and equipment member Schedule II of the
Companies Act,
Companies Act, 2013.
2013.
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Land [Member] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child
NA NA Refer to child member
equipment member
Useful lives or depreciation rates, property, Refer to child
NA NA Refer to child member
plant and equipment member
Whether property, plant and equipment are
No No No No
stated at revalued amount

54
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of additional information about property plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory building [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Assets held under lease [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child
Refer to child member straight line method straight line method
equipment member
The useful lives
The useful lives
prescribed under
Useful lives or depreciation rates, property, Refer to child prescribed under
Refer to child member Schedule II of the
plant and equipment member Schedule II of the
Companies Act,
Companies Act, 2013.
2013.
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory building [Member] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child
straight line method straight line method Refer to child member
equipment member
The useful lives
The useful lives
prescribed under
Useful lives or depreciation rates, property, prescribed under Refer to child
Schedule II of the Refer to child member
plant and equipment Schedule II of the member
Companies Act,
Companies Act, 2013.
2013.
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(5)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Assets held under lease [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child
Refer to child member straight line method straight line method
equipment member
The useful lives
The useful lives
prescribed under
Useful lives or depreciation rates, property, Refer to child prescribed under
Refer to child member Schedule II of the
plant and equipment member Schedule II of the
Companies Act,
Companies Act, 2013.
2013.
Whether property, plant and equipment are
No No No No
stated at revalued amount

55
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of additional information about property plant and equipment [Table] ..(6)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [Member] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child
straight line method straight line method Refer to child member
equipment member
Useful lives or depreciation rates, property, Refer to child
15 years 15 years Refer to child member
plant and equipment member
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(7)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member] Vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child
straight line method straight line method Refer to child member
equipment member
The useful lives
The useful lives
prescribed under
Useful lives or depreciation rates, property, prescribed under Refer to child
Schedule II of the Refer to child member
plant and equipment Schedule II of the member
Companies Act,
Companies Act, 2013.
2013.
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(8)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child
Refer to child member straight line method straight line method
equipment member
Useful lives or depreciation rates, property, Refer to child
Refer to child member 4 years 4 years
plant and equipment member
Whether property, plant and equipment are
No No No No
stated at revalued amount

56
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of additional information about property plant and equipment [Table] ..(9)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child
Refer to child member straight line method straight line method
equipment member
The useful lives
The useful lives
prescribed under
Useful lives or depreciation rates, property, Refer to child prescribed under
Refer to child member Schedule II of the
plant and equipment member Schedule II of the
Companies Act,
Companies Act, 2013.
2013.
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(10)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child
Refer to child member straight line method straight line method
equipment member
The useful lives
The useful lives
prescribed under
Useful lives or depreciation rates, property, Refer to child prescribed under
Refer to child member Schedule II of the
plant and equipment member Schedule II of the
Companies Act,
Companies Act, 2013.
2013.
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(11)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other property, plant and equipment Other property, plant and equipment,
Classes of property, plant and equipment [Axis]
[Member] others [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned and leased assets [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Refer to child
Refer to child member Refer to child member
equipment member member
Useful lives or depreciation rates, property, Refer to child Refer to child
Refer to child member Refer to child member
plant and equipment member member
Whether property, plant and equipment are
No No No No
stated at revalued amount

57
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of additional information about property plant and equipment [Table] ..(12)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member] Owned assets [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and
straight line method straight line method straight line method straight line method
equipment
The useful lives
The useful lives
prescribed under
Useful lives or depreciation rates, property, prescribed under
Schedule II of the 4 years and 6 years 4 years and 6 years
plant and equipment Schedule II of the
Companies Act,
Companies Act, 2013.
2013.
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of detailed information about property, plant and equipment [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2019 01/04/2018
31/03/2020 31/03/2019 to to
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 58,022 30,747
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
12,511 6,282
equipment
Total disposals and retirements,
12,511 6,282
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 7,430 2,01,574
equipment
Total increase (decrease) in property,
38,081 -1,77,109
plant and equipment
Property, plant and equipment at end of
(A) 1,18,846 (B) 95,023 1,90,879 1,52,798
period

58
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Property, plant and equipment 91354
Right of Use Asset 27492

(B)
Particulars 2018-19
Property, plant and equipment 95023
Right of Use Asset 0

Disclosure of detailed information about property, plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
18,914 33,326
loss
Total Depreciation property plant and
18,914 33,326
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 1 0
equipment
Total increase (decrease) through
transfers and other changes, property, 1 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
4,471 4,365
equipment
Total disposals and retirements,
4,471 4,365
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 186 62,224
equipment
Total increase (decrease) in property,
14,258 -33,263
plant and equipment
Property, plant and equipment at end of
3,29,907 72,033 57,775 91,038
period

59
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 4,717 0
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 -247
loss
Total Depreciation property plant and
0 -247
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -5,441 0 -5,697
equipment
Total increase (decrease) through
transfers and other changes, property, -5,441 0 -5,697
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 49 0
equipment
Total disposals and retirements,
0 49 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 2,666 5,568 2,666
equipment
Total increase (decrease) in property,
-8,107 -1,147 -8,363
plant and equipment
Property, plant and equipment at end of
712 8,819 9,966 712
period

60
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 4,717
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 247
loss
Total Depreciation property plant and
0 247
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 -256 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 -256 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
67 0 18
equipment
Total disposals and retirements,
67 0 18
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 6,108 0 540
equipment
Total increase (decrease) in property,
-1,458 -256 -311
plant and equipment
Property, plant and equipment at end of
9,075 10,533 0 256
period

61
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(5)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Land [Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 4,717
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 -247
loss
Total Depreciation property plant and
0 -247
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -5,441 0
equipment
Total increase (decrease) through
transfers and other changes, property, -5,441 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 49
equipment
Total disposals and retirements,
0 49
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 3,242
equipment
Total increase (decrease) in property,
-5,441 1,179
plant and equipment
Property, plant and equipment at end of
567 0 5,441 4,262
period

62
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(6)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 4,717
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0
loss
Total Depreciation property plant and
0
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -5,697 0 -256
equipment
Total increase (decrease) through
transfers and other changes, property, -5,697 0 -256
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 67 0
equipment
Total disposals and retirements,
0 67 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 3,782 0
equipment
Total increase (decrease) in property,
-5,697 868 -256
plant and equipment
Property, plant and equipment at end of
0 5,697 4,829 0
period

63
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(7)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
247
loss
Total Depreciation property plant and
247
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
18
equipment
Total disposals and retirements,
18
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 540 2,666 2,326
equipment
Total increase (decrease) in property,
-311 -2,666 -2,326
plant and equipment
Property, plant and equipment at end of
256 567 712 3,378
period

64
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(8)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Decrease through classified as held
for sale, property, plant and 2,666 2,326
equipment
Total increase (decrease) in property,
-2,666 -2,326
plant and equipment
Property, plant and equipment at end of
5,704 712 3,378 5,704
period

Disclosure of detailed information about property, plant and equipment [Table] ..(9)
Unless otherwise specified, all monetary values are in Lakhs of INR
Buildings
Classes of property, plant and equipment [Axis] Land [Member]
[Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,566
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-1,444
loss
Total Depreciation property plant and
-1,444
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
314
equipment
Total disposals and retirements,
314
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0
equipment
Total increase (decrease) in property,
0 0 -192
plant and equipment
Property, plant and equipment at end of
0 0 0 14,324
period

65
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(10)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2,323 1,566 2,323
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-3,171
loss
Total Depreciation property plant and
-3,171
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
26 635 57
equipment
Total disposals and retirements,
26 635 57
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 33,217 0 39,439
equipment
Total increase (decrease) in property,
-34,091 931 -37,173
plant and equipment
Property, plant and equipment at end of
14,516 48,607 19,589 18,658
period

66
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(11)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1,444 3,171
loss
Total Depreciation property plant and
1,444 3,171
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
321 31
equipment
Total disposals and retirements,
321 31
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 6,222
equipment
Total increase (decrease) in property,
1,123 -3,082
plant and equipment
Property, plant and equipment at end of
55,831 5,265 4,142 7,224
period

67
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(12)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,566 2,323
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1,444
loss
Total Depreciation property plant and
1,444
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
635 57 321
equipment
Total disposals and retirements,
635 57 321
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 39,439 0
equipment
Total increase (decrease) in property,
931 -37,173 1,123
plant and equipment
Property, plant and equipment at end of
19,589 18,658 55,831 5,265
period

68
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(13)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Buildings [Member] Factory building [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,566 2,323
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
3,171 -1,444 -3,171
loss
Total Depreciation property plant and
3,171 -1,444 -3,171
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
31 314 26
equipment
Total disposals and retirements,
31 314 26
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 6,222 0 33,217
equipment
Total increase (decrease) in property,
-3,082 -192 -34,091
plant and equipment
Property, plant and equipment at end of
4,142 7,224 14,324 14,516
period

69
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(14)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory building [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,566 2,323
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
635 57
equipment
Total disposals and retirements,
635 57
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 39,439
equipment
Total increase (decrease) in property,
931 -37,173
plant and equipment
Property, plant and equipment at end of
48,607 19,589 18,658 55,831
period

70
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(15)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory building [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,566
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1,444 3,171 -1,444
loss
Total Depreciation property plant and
1,444 3,171 -1,444
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
321 31 314
equipment
Total disposals and retirements,
321 31 314
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 6,222 0
equipment
Total increase (decrease) in property,
1,123 -3,082 -192
plant and equipment
Property, plant and equipment at end of
5,265 4,142 7,224 14,324
period

71
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(16)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory building [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2,323 1,566 2,323
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-3,171
loss
Total Depreciation property plant and
-3,171
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
26 635 57
equipment
Total disposals and retirements,
26 635 57
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 33,217 0 39,439
equipment
Total increase (decrease) in property,
-34,091 931 -37,173
plant and equipment
Property, plant and equipment at end of
14,516 48,607 19,589 18,658
period

72
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(17)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory building [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1,444 3,171
loss
Total Depreciation property plant and
1,444 3,171
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
321 31
equipment
Total disposals and retirements,
321 31
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 6,222
equipment
Total increase (decrease) in property,
1,123 -3,082
plant and equipment
Property, plant and equipment at end of
55,831 5,265 4,142 7,224
period

73
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(18)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27,411 21,885 27,411
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-7,412 -24,674
loss
Total Depreciation property plant and
-7,412 -24,674
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -12,875 0 -17,260
equipment
Total increase (decrease) through
transfers and other changes, property, -12,875 0 -17,260
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
2,077 1,835 3,016
equipment
Total disposals and retirements,
2,077 1,835 3,016
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 87,624 0
equipment
Total increase (decrease) in property,
5,047 -92,248 7,135
plant and equipment
Property, plant and equipment at end of
71,221 66,174 1,58,422 1,23,041
period

74
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(19)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 21,885
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
7,412 24,674
loss
Total Depreciation property plant and
7,412 24,674
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 -4,385 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 -4,385 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
5,680 939 3,845
equipment
Total disposals and retirements,
5,680 939 3,845
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 1,29,899 0 42,275
equipment
Total increase (decrease) in property,
-1,13,694 2,088 -21,446
plant and equipment
Property, plant and equipment at end of
1,15,906 2,29,600 51,820 49,732
period

75
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(20)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -17,260 0
equipment
Total increase (decrease) through
transfers and other changes, property, -17,260 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 1,524
equipment
Total disposals and retirements,
0 1,524
property, plant and equipment
Total increase (decrease) in property,
-17,260 -1,524
plant and equipment
Property, plant and equipment at end of
71,178 0 17,260 18,784
period

76
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(21)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27,411
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 1,688
loss
Total Depreciation property plant and
0 1,688
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -4,385 0
equipment
Total increase (decrease) through
transfers and other changes, property, -4,385 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 751 3,016
equipment
Total disposals and retirements,
0 751 3,016
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0
equipment
Total increase (decrease) in property,
-4,385 937 24,395
plant and equipment
Property, plant and equipment at end of
0 4,385 3,448 1,23,041
period

77
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(22)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 21,885
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
7,412 22,986
loss
Total Depreciation property plant and
7,412 22,986
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
4,156 939 3,094
equipment
Total disposals and retirements,
4,156 939 3,094
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 1,29,899 0 42,275
equipment
Total increase (decrease) in property,
-1,12,170 6,473 -22,383
plant and equipment
Property, plant and equipment at end of
98,646 2,10,816 51,820 45,347
period

78
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(23)
Unless otherwise specified, all monetary values are in Lakhs of INR
Plant and
Classes of property, plant and equipment [Axis] equipment Factory equipments [Member]
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27,411 21,885
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-7,412 -24,674
loss
Total Depreciation property plant and
-7,412 -24,674
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -12,875 0
equipment
Total increase (decrease) through
transfers and other changes, property, -12,875 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
2,077 1,835
equipment
Total disposals and retirements,
2,077 1,835
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 87,624
equipment
Total increase (decrease) in property,
5,047 -92,248
plant and equipment
Property, plant and equipment at end of
67,730 71,221 66,174 1,58,422
period

79
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(24)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27,411 21,885
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
7,412
loss
Total Depreciation property plant and
7,412
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -17,260 0 -4,385
equipment
Total increase (decrease) through
transfers and other changes, property, -17,260 0 -4,385
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
3,016 5,680 939
equipment
Total disposals and retirements,
3,016 5,680 939
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 1,29,899 0
equipment
Total increase (decrease) in property,
7,135 -1,13,694 2,088
plant and equipment
Property, plant and equipment at end of
1,23,041 1,15,906 2,29,600 51,820
period

80
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(25)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
24,674 0 -1,688
loss
Total Depreciation property plant and
24,674 0 -1,688
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 -12,875 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 -12,875 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
3,845 0 773
equipment
Total disposals and retirements,
3,845 0 773
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 42,275
equipment
Total increase (decrease) in property,
-21,446 -12,875 -2,461
plant and equipment
Property, plant and equipment at end of
49,732 71,178 0 12,875
period

81
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(26)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -17,260 0
equipment
Total increase (decrease) through
transfers and other changes, property, -17,260 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 1,524
equipment
Total disposals and retirements,
0 1,524
property, plant and equipment
Total increase (decrease) in property,
-17,260 -1,524
plant and equipment
Property, plant and equipment at end of
15,336 0 17,260 18,784
period

82
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(27)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27,411
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 1,688 -7,412
loss
Total Depreciation property plant and
0 1,688 -7,412
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and -4,385 0
equipment
Total increase (decrease) through
transfers and other changes, property, -4,385 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 751 2,077
equipment
Total disposals and retirements,
0 751 2,077
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0
equipment
Total increase (decrease) in property,
-4,385 937 17,922
plant and equipment
Property, plant and equipment at end of
0 4,385 3,448 71,221
period

83
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(28)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 21,885 27,411 21,885
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-22,986
loss
Total Depreciation property plant and
-22,986
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1,062 3,016 4,156
equipment
Total disposals and retirements,
1,062 3,016 4,156
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 87,624 0 1,29,899
equipment
Total increase (decrease) in property,
-89,787 24,395 -1,12,170
plant and equipment
Property, plant and equipment at end of
53,299 1,43,086 1,23,041 98,646
period

84
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(29)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
7,412 22,986
loss
Total Depreciation property plant and
7,412 22,986
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
939 3,094
equipment
Total disposals and retirements,
939 3,094
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 42,275
equipment
Total increase (decrease) in property,
6,473 -22,383
plant and equipment
Property, plant and equipment at end of
2,10,816 51,820 45,347 67,730
period

85
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(30)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 315 98 315
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-136 -212
loss
Total Depreciation property plant and
-136 -212
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
150 0 227
equipment
Total disposals and retirements,
150 0 227
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 322 0
equipment
Total increase (decrease) in property,
29 -436 88
plant and equipment
Property, plant and equipment at end of
901 872 1,308 1,221
period

86
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(31)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 98
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
136 212
loss
Total Depreciation property plant and
136 212
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
42 77 42
equipment
Total disposals and retirements,
42 77 42
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 596 0 274
equipment
Total increase (decrease) in property,
-540 59 -104
plant and equipment
Property, plant and equipment at end of
1,133 1,673 320 261
period

87
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(32)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 315 98
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-136 -212
loss
Total Depreciation property plant and
-136 -212
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
150 0
equipment
Total disposals and retirements,
150 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 322
equipment
Total increase (decrease) in property,
29 -436
plant and equipment
Property, plant and equipment at end of
365 901 872 1,308
period

88
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(33)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 315 98
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
136
loss
Total Depreciation property plant and
136
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
227 42 77
equipment
Total disposals and retirements,
227 42 77
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 596 0
equipment
Total increase (decrease) in property,
88 -540 59
plant and equipment
Property, plant and equipment at end of
1,221 1,133 1,673 320
period

89
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(34)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member] Vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
212 0 -62
loss
Total Depreciation property plant and
212 0 -62
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
42 0 0
equipment
Total disposals and retirements,
42 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 274 0 0
equipment
Total increase (decrease) in property,
-104 0 -62
plant and equipment
Property, plant and equipment at end of
261 365 0 0
period

Disclosure of detailed information about property, plant and equipment [Table] ..(35)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 165
equipment
Total disposals and retirements,
0 165
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 265
equipment
Total increase (decrease) in property,
0 -430
plant and equipment
Property, plant and equipment at end of
62 22 22 452
period

90
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(36)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Vehicles [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 62
loss
Total Depreciation property plant and
0 62
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 165 0
equipment
Total disposals and retirements,
0 165 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 265 0
equipment
Total increase (decrease) in property,
0 -368 0
plant and equipment
Property, plant and equipment at end of
22 22 390 22
period

91
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(37)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 62
loss
Total Depreciation property plant and
0 62
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
165 0 165
equipment
Total disposals and retirements,
165 0 165
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 265 0 265
equipment
Total increase (decrease) in property,
-430 0 -368
plant and equipment
Property, plant and equipment at end of
22 452 22 22
period

92
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(38)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Vehicles [Member] Motor vehicles [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 -62
loss
Total Depreciation property plant and
0 -62
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment
Total disposals and retirements,
0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Total increase (decrease) in property,
0 -62
plant and equipment
Property, plant and equipment at end of
390 0 0 62
period

93
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(39)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0
loss
Total Depreciation property plant and
0
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 165 0
equipment
Total disposals and retirements,
0 165 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 265 0
equipment
Total increase (decrease) in property,
0 -430 0
plant and equipment
Property, plant and equipment at end of
22 22 452 22
period

94
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(40)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
62 0 -62
loss
Total Depreciation property plant and
62 0 -62
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
165 0 0
equipment
Total disposals and retirements,
165 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 265 0 0
equipment
Total increase (decrease) in property,
-368 0 -62
plant and equipment
Property, plant and equipment at end of
22 390 0 0
period

Disclosure of detailed information about property, plant and equipment [Table] ..(41)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 165
equipment
Total disposals and retirements,
0 165
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 265
equipment
Total increase (decrease) in property,
0 -430
plant and equipment
Property, plant and equipment at end of
62 22 22 452
period

95
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(42)
Unless otherwise specified, all monetary values are in Lakhs of INR
Office equipment
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
[Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 879
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 62 -870
loss
Total Depreciation property plant and
0 62 -870
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 165 446
equipment
Total disposals and retirements,
0 165 446
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 265 0
equipment
Total increase (decrease) in property,
0 -368 -437
plant and equipment
Property, plant and equipment at end of
22 22 390 379
period

96
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(43)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,122 879 1,122
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-754
loss
Total Depreciation property plant and
-754
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
7 1,055 66
equipment
Total disposals and retirements,
7 1,055 66
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 633 0 1,147
equipment
Total increase (decrease) in property,
-272 -176 -91
plant and equipment
Property, plant and equipment at end of
816 1,088 3,894 4,070
period

97
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(44)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
870 754
loss
Total Depreciation property plant and
870 754
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
609 59
equipment
Total disposals and retirements,
609 59
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 514
equipment
Total increase (decrease) in property,
261 181
plant and equipment
Property, plant and equipment at end of
4,161 3,515 3,254 3,073
period

98
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(45)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 879 1,122 879
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-870 -754
loss
Total Depreciation property plant and
-870 -754
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
446 7 1,055
equipment
Total disposals and retirements,
446 7 1,055
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 633 0
equipment
Total increase (decrease) in property,
-437 -272 -176
plant and equipment
Property, plant and equipment at end of
379 816 1,088 3,894
period

99
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(46)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,122
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
870 754
loss
Total Depreciation property plant and
870 754
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
66 (A) 609 59
equipment
Total disposals and retirements,
66 609 59
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 1,147 0 514
equipment
Total increase (decrease) in property,
-91 261 181
plant and equipment
Property, plant and equipment at end of
4,070 4,161 3,515 3,254
period

(A)
Particulars 2019-20
Deletion / Adjustments 608
Other adjustment to reconcile 1

100
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(47)
Unless otherwise specified, all monetary values are in Lakhs of INR
Office equipment
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2 5
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-11 -55
loss
Total Depreciation property plant and
-11 -55
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment
Total disposals and retirements,
0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 4,720
equipment
Total increase (decrease) in property,
-9 -4,770
plant and equipment
Property, plant and equipment at end of
3,073 3,817 3,826 8,596
period

101
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(48)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2 5
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
11
loss
Total Depreciation property plant and
11
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 1 0
equipment
Total disposals and retirements,
0 1 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 4,853 0
equipment
Total increase (decrease) in property,
2 -4,849 11
plant and equipment
Property, plant and equipment at end of
3,936 3,934 8,783 119
period

102
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(49)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2 5
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
55 -11 -55
loss
Total Depreciation property plant and
55 -11 -55
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1 0 0
equipment
Total disposals and retirements,
1 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 133 0 4,720
equipment
Total increase (decrease) in property,
-79 -9 -4,770
plant and equipment
Property, plant and equipment at end of
108 187 3,817 3,826
period

103
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(50)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2 5
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 1
equipment
Total disposals and retirements,
0 1
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 4,853
equipment
Total increase (decrease) in property,
2 -4,849
plant and equipment
Property, plant and equipment at end of
8,596 3,936 3,934 8,783
period

104
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(51)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other property,
plant and
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
equipment
[Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Accumulated depreciation and impairment [Member]
[Axis] [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27,849
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
11 55 -9,041
loss
Total Depreciation property plant and
11 55 -9,041
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 18,315
equipment
Total increase (decrease) through
transfers and other changes, property, 18,315
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 1 5,053
equipment
Total disposals and retirements,
0 1 5,053
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 133 4,578
equipment
Total increase (decrease) in property,
11 -79 27,492
plant and equipment
Property, plant and equipment at end of
119 108 187 27,492
period

105
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(52)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 597 27,849 597
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-4,151
loss
Total Depreciation property plant and
-4,151
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 22,957 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 22,957 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 7,578 204
equipment
Total disposals and retirements,
0 7,578 204
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 7,266 4,764 19,267
equipment
Total increase (decrease) in property,
-10,820 38,464 -18,874
plant and equipment
Property, plant and equipment at end of
0 10,820 38,464 0
period

106
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(53)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
9,041 4,151
loss
Total Depreciation property plant and
9,041 4,151
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 4,642 0
equipment
Total increase (decrease) through
transfers and other changes, property, 4,642 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
2,525 204
equipment
Total disposals and retirements,
2,525 204
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 186 12,001
equipment
Total increase (decrease) in property,
10,972 -8,054
plant and equipment
Property, plant and equipment at end of
18,874 10,972 0 8,054
period

107
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(54)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27,849 0
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
9,041
loss
Total Depreciation property plant and
9,041
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 22,957 0 4,642
equipment
Total increase (decrease) through
transfers and other changes, property, 22,957 0 4,642
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
7,578 0 2,525
equipment
Total disposals and retirements,
7,578 0 2,525
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 4,764 0 186
equipment
Total increase (decrease) in property,
38,464 0 10,972
plant and equipment
Property, plant and equipment at end of
38,464 0 0 10,972
period

108
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(55)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 597
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0
loss
Total Depreciation property plant and
0
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 204
equipment
Total disposals and retirements,
0 0 204
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 19,267
equipment
Total increase (decrease) in property,
0 0 -18,874
plant and equipment
Property, plant and equipment at end of
0 0 0 0
period

109
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(56)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Accumulated depreciation and impairment [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 4,151
loss
Total Depreciation property plant and
0 4,151
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 204
equipment
Total disposals and retirements,
0 204
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 12,001
equipment
Total increase (decrease) in property,
0 -8,054
plant and equipment
Property, plant and equipment at end of
18,874 0 0 8,054
period

110
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(57)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Gross carrying
Carrying amount [Member]
[Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Nature of other property plant and equipment Refer to child
Refer to child member Refer to child member
others member
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27,849 597 27,849
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-9,041 -4,151
loss
Total Depreciation property plant and
-9,041 -4,151
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 18,315 0 22,957
equipment
Total increase (decrease) through
transfers and other changes, property, 18,315 0 22,957
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
5,053 0 7,578
equipment
Total disposals and retirements,
5,053 0 7,578
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 4,578 7,266 4,764
equipment
Total increase (decrease) in property,
27,492 -10,820 38,464
plant and equipment
Property, plant and equipment at end of
27,492 0 10,820 38,464
period

111
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(58)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Nature of other property plant and equipment Refer to child
Refer to child member Refer to child member
others member
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 597
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
9,041 4,151
loss
Total Depreciation property plant and
9,041 4,151
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 4,642 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 4,642 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
204 2,525 204
equipment
Total disposals and retirements,
204 2,525 204
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 19,267 186 12,001
equipment
Total increase (decrease) in property,
-18,874 10,972 -8,054
plant and equipment
Property, plant and equipment at end of
0 18,874 10,972 0
period

112
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(59)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Nature of other property plant and equipment
Right of Use Asset Right of Use Asset
others
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 27,849 0
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-9,041 0
loss
Total Depreciation property plant and
-9,041 0
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 18,315 0
equipment
Total increase (decrease) through
transfers and other changes, property, 18,315 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
5,053 0
equipment
Total disposals and retirements,
5,053 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 4,578 0
equipment
Total increase (decrease) in property,
27,492 0
plant and equipment
Property, plant and equipment at end of
8,054 27,492 0 0
period

113
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(60)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Nature of other property plant and equipment
Right of Use Asset Right of Use Asset Right of Use Asset
others
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and (A) 27,849 0
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
9,041
loss
Total Depreciation property plant and
9,041
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 22,957 0 4,642
equipment
Total increase (decrease) through
transfers and other changes, property, 22,957 0 4,642
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
7,578 0 2,525
equipment
Total disposals and retirements,
7,578 0 2,525
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 4,764 0 186
equipment
Total increase (decrease) in property,
38,464 0 10,972
plant and equipment
Property, plant and equipment at end of
38,464 0 0 10,972
period

(A)
Particulars 2019-20
Balance as at 1 April 2019 24758
Additions 3091

114
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(61)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Nature of other property plant and equipment
Right of Use Asset Bottles and cases Bottles and cases
others
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 597
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 0 -4,151
loss
Total Depreciation property plant and
0 0 -4,151
equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Total disposals and retirements,
0 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 7,266
equipment
Total increase (decrease) in property,
0 0 -10,820
plant and equipment
Property, plant and equipment at end of
0 0 0 0
period

115
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about property, plant and equipment [Table] ..(62)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount Carrying amount
Gross carrying amount [Member]
[Axis] [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Nature of other property plant and equipment
Bottles and cases Bottles and cases
others
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 597
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 204
equipment
Total disposals and retirements,
0 204
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 19,267
equipment
Total increase (decrease) in property,
0 -18,874
plant and equipment
Property, plant and equipment at end of
10,820 0 0 18,874
period

Disclosure of detailed information about property, plant and equipment [Table] ..(63)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about property, plant and equipment
[Abstract]
Disclosure of detailed information about property, plant and
equipment [Line items]
Nature of other property plant and equipment others Bottles and cases Bottles and cases
Reconciliation of changes in property, plant and equipment
[Abstract]
Changes in property, plant and equipment [Abstract]
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss 0 4,151
Total Depreciation property plant and equipment 0 4,151
Disposals and retirements, property, plant and equipment
[Abstract]
Disposals, property, plant and equipment 0 204
Total disposals and retirements, property, plant and
0 204
equipment
Decrease through classified as held for sale, property,
0 12,001
plant and equipment
Total increase (decrease) in property, plant and equipment 0 -8,054
Property, plant and equipment at end of period 0 0 8,054

116
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019
to
31/03/2020
Textual information (8)
Disclosure of property, plant and equipment [TextBlock] [See below]
Disclosure of detailed information about property, plant and equipment
[TextBlock]

117
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (8)

Disclosure of property, plant and equipment [Text Block]

Note 3 : Property, plant and equipment and capital work-in-progress

3a. Property,plant and equipment

Reconciliation of carrying amount

Plant and
Bottles Plant and equipment Furniture
Freehold Leasehold Leasehold Office
Particulars Buildings and equipment under and Vehicles Total
land1 land2 improvement equipment3
cases 3 finance fixtures
lease4

Balance as
at 1 April 5704 4829 55831 8783 18874 210816 18784 1673 452 4161 329907
2018

Additions - 4717 2323 5 597 21885 - 98 - 1122 30747

Disposals - (67) (57) (1) (204) (4156) (1524) (42) (165) (66) (6282)

Reclassified
as asset of
disposal
(2326) (3782) (39439) (4853) (19267) (129899) - (596) (265) (1147) (201574)
group
classified
as held

for sale
(refer note
16a)

Balance as
at 31 March 3378 5697 18658 3934 - 98646 17260 1133 22 4070 152798
2019

Transferred
to right of
use assets - (5697) - - - - (17260) - - - (22957)
(refer note
3c)

Additions - - 1566 2 - 27411 - 315 - 879 30173

Disposals - - (635) - - (3016) - (227) - (1055) (4933)

Reclassified
as
investment
(2666) - - - - - - - - - (2666)
property
(Refer note
4)

Balance as
at 31 March 712 - 19589 3936 - 123041 - 1221 22 3894 152415

118
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

2020

Accumulated depreciation and impairment

Plant and
Bottles Plant and equipment Furniture
Freehold Leasehold Leasehold Office
Particulars Buildings and equipment under and Vehicles Total
land1 land2 improvement equipment3
cases 3 finance fixtures
lease4

Balance as
at 1 April - 567 7224 187 8054 67730 3448 365 390 3073 91038
2018

Additions - 247 3171 55 4151 22986 1688 212 62 754 33326

Deletion /
- (18) (31) (1) (204) (3094) (751) (42) (165) (59) (4365)
Adjustments

Reclassified
as asset of
disposal
- (540) (6222) (133) (12001) (42275) - (274) (265) (514) (62224)
group
classified as
held

for sale
(refer note
16a)

Balance as
at 31 March - 256 4142 108 - 45347 4385 261 22 3254 57775
2019

Transferred
to right of
use assets - (256) - - - - (4385) - - - (4642)
(refer note
3c)

Depreciation
- - 1444 11 - 7412 - 136 - 870 9872
for the year

Deletion /
- - (321) - - (939) - (77) - (608) (1945)
Adjustments

Balance as
at 31 March - - 5265 119 - 51820 - 320 22 3516 61061
2020

Carrying
amount (net)

Balance at 1
5704 2870 30237 210 11584 131183 3649 496 464 1487 187884
April 2015

119
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Balance as
at 31 March 3378 5441 14516 3826 - 53299 12875 872 - 816 95023
2019

Balance as
at 31 March 712 - 14324 3817 - 71221 - 901 - 378 91354
2020

Notes:

1. Transfer of ownership in the Company's name is pending for 14 acres of freehold land having gross block and net block of
Rs.55 as on 31 March 2019 at Mamandur Plant. Further, transfer of ownership in the Company's name is pending for the entire
freehold land having gross block and net block of Rs.2,666 as on 31 March 2019 at Mahul Plant. During the year 2019-20,
Mamundar land has been sold to Varun Beverages Limited (VBL) via Slump Sale (refer note 49). Also, land at Mahul plant has
been given on lease to VBL from 1 May 2019. Hence, the same has been classified as Investment property.

2. Includes assets owned by the Company which are held by third party on a right to use basis having gross block of Rs. 1,909
(31 March 2019- Rs. 3,128) and net book value of Rs 725 (31 March 2019- Rs. 1,179).

3. Plant and equipment held under finance leases:

The Company had acquired production equipments under a number of finance lease agreements. Some leases provided the
Company with an option to purchase the equipment at the end of lease term at a beneficial price. As at 31 March 2019, Five of
the leases were an arrangement that are not in the legal form of a lease, but is accounted for as such based on its terms and
conditions. The useful life of the agreements are ranging between 10 to 15 years. During the current year, the same has been
transferred to right of use assets (refer note 3c).

Note 3b. Capital work-in-progress

The Changes in carrying value of capital work in progress for the year ended 31 March 2019 and 31 March 2020 are as follows:

Particulars As at 3/31/2020 As at 3/31/2019

Gross carrying amount

Balance as at the beginning of the year 4403 10450

Addition during the year 33272 26733

Transferred to property, plant and equipment (29462) (29930)

Reclassified as asset of disposal group classified as held for sale (refer note 16a) - (2850)

Balance as at the closing of the year 8213 4403

Note 3c. Right of Use Asset

A. Reconciliation of carrying amount

120
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Particulars Amount

Cost (gross carrying amount)

Balance as at 1 April 2019 24758

Transfer in From Propery, plant and equipment 22957

Additions 3091

Reclassified as asset classified as held (4764)

for sale (refer note 16a)

Deletions (7578)

Balance as at 31 March 2020 38464

Accumulated depreciation

Balance as at 1 April 2019 -

Transfer in From Propery, plant and equipment 4642

Reclassified as asset classified as held for sale (refer note 16a) (186)

Depreciation 9041

Deletions (2525)

Balance as at 31 March 2020 10972

Net book value

Balance as at 31 March 2020 27492

The Company has defined a leases as a contract, or part of a contract, that conveys the right to use an asset (the underlying
asset) for a period of time in exhange for consideration. The useful life of the agreements are ranging between 2 to 99 years.
(Refer note 43)

121
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[612100] Notes - Impairment of assets

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (9)
Disclosure of impairment of assets [TextBlock] [See below]
Disclosure of impairment loss and reversal of impairment loss [TextBlock]
Whether there is any impairment loss or reversal of impairment loss
No No
during the year
Disclosure of information for impairment loss recognised or reversed
for individual Assets or cash-generating unit [TextBlock]
Whether impairment loss recognised or reversed for individual Assets
No No
or cash-generating unit

122
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (9)

Disclosure of impairment of assets [Text Block]

Note 45 - Impairment of Goodwill

Cash Generating Unit (CGU)- Beverages

The Holding Company has identified its reportable segments, i.e. 'Foods' and 'Beverages' as two Cash Generating Units (CGUs).
The total carrying amount of goodwill as at 31 March 2020 is Rs. 81,589 lakh (31 March 2019: Rs. 81,589 lakh). The same was
acquired through business combination of beverage business and has been entirely allocated to Beverages CGU.

The goodwill is tested for impairment annually and as the recoverable amount exceeds the carrying amount no impairment loss
is required for the year.

The recoverable amount of the cash generating unit (CGU) is determined based on value-in-use. The calculations use cash flow
projections based on financial budgets approved by management covering a five-year period before applying a declining growth
of 1% for next five years and fixed terminal value multiple to the final year cash flows. The values assigned to the key
assumptions represent management's assessment of future trends in the industry and have been based on historical data from
both internal and external sources.

Following key assumptions were considered while performing impairment testing of Beverages CGU:

Assumptions % As at 3/31/2020 % As at 3/31/2019

Pre-tax discount rate 10.60% 11.70%

Gross revenue - growth rate [CAGR] 2.50% 4.29%

Gross Profit Ratio [Average] 83.09% 61.68%

Management has determined the values assigned to each of the above key assumptions as follows:

Assumptions Approach used to determine values

Annual growth rate over the five-year forecast period based on past performance and managements future
Gross revenue
expectations

Gross profit Gross profit as a % of net revenue is based on past performance and managements expectations for the future

Long term This is the weighted average growth rate used to extrapolate cash flows beyond the budget period. The rates are
growth rate consistent with forecasts included in industry reports.

Pre-tax
Weighted Average Cost of Capital (WACC) computed as per Capital Asset Pricing Model (CAPM) model.
discount rate

123
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Management has performed sensitivity analysis around the base assumptions and have concluded that no reasonable change in
any key assumption would cause the recoverable amount of the CGU to be less than its carrying value.

During the year ended 31 March 2019, the management of the holding company, pursuant to a Business Transfer Agreement
dated 18 February 2019, divested on a going concern slump sale basis its undertakings(s) located in South and West territory of
India engaged in the manufacturing, marketing, distribution and selling of soft drink beverages and syrup mix to Varun Beverages
Limited on 1 May 2019 and 31 May 2019 respectively. (refer note : 49)

Therefore, the management has taken only concentrate business cashflow for testing the impairement on goodwill for the year
ended 31 March 2019 and 31 March 2020.

[400700] Notes - Investment property

Disclosure of detailed information about investment property [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Type of investment property [Axis] 1
Accumulated
Carrying amount accumulated depreciation and gross carrying amount depreciation and
Gross carrying amount [Member]
[Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about
investment property at cost [Abstract]
Disclosure of detailed information about
investment property [Line items]
Nature of investment property FREEHOLD LAND FREEHOLD LAND FREEHOLD LAND
Reconciliation of changes in investment
property [Abstract]
Changes in investment property [Abstract]
Additions other than through business
combinations, investment property
[Abstract]
Additions from acquisitions,
2,666 0
investment property
Total additions other than through
business combinations, investment 2,666 0
property
Depreciation, investment property -177
Disposals, investment property 218 0
Decrease through classified as held for
0
sale, investment property
Total increase (decrease) in investment
2,448 0 -177
property
Investment property at end of period 2,899 451 451 0

124
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about investment property [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Type of investment property [Axis] 1
Accumulated depreciation and
Carrying amount accumulated depreciation and gross carrying amount [Axis]
impairment [Member]
01/04/2018
to 31/03/2018
31/03/2019
Disclosure of detailed information about investment property at cost [Abstract]
Disclosure of detailed information about investment property [Line items]
Nature of investment property FREEHOLD LAND
Reconciliation of changes in investment property [Abstract]
Changes in investment property [Abstract]
Depreciation, investment property 134
Decrease through classified as held for sale, investment property 0
Total increase (decrease) in investment property 134
Investment property at end of period 177 43

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (10)
Disclosure of investment property [TextBlock] [See below]
Disclosure of detailed information about investment property [TextBlock]

As Per Note: 4
As Per Note: 4 of the Financial
of the Financial Statements
Depreciation method, investment property, cost model Statements

As Per Note: 4 As Per Note: 4

of the Financial of the Financial
Statements Statements
Useful lives or depreciation rates, investment property, cost model

125
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (10)

Disclosure of investment property [Text Block]

Note 4. Investment property

A. Reconciliation of carrying amount

Particulars Amount

Cost (gross carrying amount)

Balance as at 1 April 2018 451

Balance as at 31 March 2019 451

Additions 2666

Deletions (218)

Balance as at 31 March 2020 2899

Accumulated depreciation

Balance as at 1 April 2018 43

Depreciation for the year 134

Balance as at 31 March 2019 177

Deletion for the year (177)

Balance as at 31 March 2020 -

Net book value

Balance as at 31 March 2019 274

Balance as at 31 March 2020 2,899

Fair value

Balance as at 31 March 2019 2,703

Balance as at 31 March 2020 26,662

B. Measurement of fair values

The fair value of investment property has been determined by external, independent property valuers, having appropriate
recognised professional qualifications and recent experience in the location and category of the property being valued.

126
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Fair valuation of Investment property is based on market rate technique. While applying the market rate technique, consideration
has been given to guideline values fixed by the registration department alongwith certain weightage to the area and location of
the property.

C. Amount recognised in profit and loss for Investment property

Particulars As at 3/31/2020 As at 3/31/2019

Rental income from Investment property 1478 -

Profit from Investment property before depreciation 1478 -

Depreciation during the year - 134

Profit/(loss) from Investment property 1478 (134)

[400800] Notes - Goodwill

Disclosure of reconciliation of changes in goodwill [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Carrying amount accumulated amortization and impairment and gross
Carrying amount [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2019 01/04/2018
31/03/2020 31/03/2019 to to
31/03/2020 31/03/2019
Disclosure of reconciliation of changes in goodwill
[Abstract]
Disclosure of reconciliation of changes in goodwill
[Line items]
Changes in goodwill [Abstract]
Total increase (decrease) in goodwill 0 0
Goodwill at end of period 81,589 81,589 81,589 81,589

Disclosure of reconciliation of changes in goodwill [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Carrying amount accumulated amortization and impairment and gross Gross carrying
Accumulated amortization and impairment [Member]
carrying amount [Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of reconciliation of changes in goodwill
[Abstract]
Disclosure of reconciliation of changes in goodwill
[Line items]
Changes in goodwill [Abstract]
Total increase (decrease) in goodwill 0 0
Goodwill at end of period 81,589 0 0 0

127
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019
to 31/03/2019
31/03/2020
Textual information (11)
Disclosure of goodwill [TextBlock] [See below]
Disclosure of reconciliation of changes in goodwill [Abstract]
Changes in goodwill [Abstract]
Goodwill at end of period 81,589 81,589

128
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (11)

Disclosure of goodwill [Text Block]

Note 5. Goodwill and Other intangible assets

Particulars Goodwill Computer Software

Cost or Deemed Cost

Balance as at 1 April 2018 81,589 996

Balance as at 31 March 2019 81,589 996

Balance as at 31 March 2020 81,589 996

Accumulated amortisation and impairment losses

Particulars Goodwill Computer Software

Balance as at 1 April 2018 - 839

Amortisation/ Impairment for the year - 67

Balance as at 31 March 2019 - 906

Amortisation/ Impairment for the year - 89

Balance as at 31 March 2020 - 996

Net book value

Balance as at 31 March 2019 81,589 90

Balance as at 31 March 2020 81,589 -

Note :

1. For details with respect to Goodwill, refer note 45.

129
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[400900] Notes - Other intangible assets

Disclosure of detailed information about other intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and gross
Carrying amount [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2019 01/04/2018
31/03/2020 31/03/2019 to to
31/03/2020 31/03/2019
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0
combinations
Total increase (decrease) in Other
0 0
intangible assets
Other intangible assets at end of period 0 90 996 996

Disclosure of detailed information about other intangible assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and gross Gross carrying
Accumulated amortization and impairment [Member]
carrying amount [Axis] amount [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 90 67
Total increase (decrease) in Other
90 67
intangible assets
Other intangible assets at end of period 996 996 906 839

130
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about other intangible assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and gross Gross carrying
Carrying amount [Member]
carrying amount [Axis] amount [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0 0
combinations
Amortisation other intangible assets -90 -67
Total increase (decrease) in Other
-90 -67 0
intangible assets
Other intangible assets at end of period 0 90 157 996

Disclosure of detailed information about other intangible assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and gross Accumulated amortization and
Gross carrying amount [Member]
carrying amount [Axis] impairment [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0
combinations
Amortisation other intangible assets 90 67
Total increase (decrease) in Other
0 90 67
intangible assets
Other intangible assets at end of period 996 996 996 906

131
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about other intangible assets [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Internally
generated and
other than
Sub classes of other intangible assets [Axis] internally Intangible assets other than internally generated [Member]
generated
intangible assets
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and gross amortization and
Carrying amount [Member]
carrying amount [Axis] impairment
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0
combinations
Amortisation other intangible assets -90 -67
Total increase (decrease) in Other
-90 -67
intangible assets
Other intangible assets at end of period 839 0 90 157

Disclosure of detailed information about other intangible assets [Table] ..(6)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Accumulated
Carrying amount accumulated amortization and impairment and gross amortization and
Gross carrying amount [Member]
carrying amount [Axis] impairment
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0
combinations
Amortisation other intangible assets (A) 90
Total increase (decrease) in Other
0 0 90
intangible assets
Other intangible assets at end of period 996 996 996 996

(A)
Particulars 2019-20
Amortisation/ Impairment for the year 89
Other adjustment to reconcile 1

132
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of detailed information about other intangible assets [Table] ..(7)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Intangible assets other than internally
Sub classes of other intangible assets [Axis]
generated [Member]
Accumulated amortization and
Carrying amount accumulated amortization and impairment and gross carrying amount [Axis]
impairment [Member]
01/04/2018
to 31/03/2018
31/03/2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 67
Total increase (decrease) in Other intangible assets 67
Other intangible assets at end of period 906 839

Disclosure of additional information about other intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Internally generated and other than
Intangible assets other than internally
Sub classes of other intangible assets [Axis] internally generated intangible assets
generated [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of additional information about other
intangible assets [Abstract]
Disclosure of additional information about
other intangible assets [Line items]
Refer to child
Amortisation method, other intangible assets member
Refer to child member Straight-line method Straight-line method

Useful lives or amortisation rates, other Refer to child

Refer to child member 5 years 5 years
intangible assets member
Whether other intangible assets are stated at
No No No No
revalued amount

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of other intangible assets [TextBlock]
Disclosure of detailed information about other intangible assets
[TextBlock]
Disclosure of intangible assets with indefinite useful life [TextBlock]
Whether there are intangible assets with indefinite useful life No No

133
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[401000] Notes - Biological assets other than bearer plants

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of biological assets, agriculture produce at point of
harvest and government grants related to biological assets
[TextBlock]

Depreciation method, biological assets other than bearer plants, at cost N \ A N \ A

Useful lives or depreciation rates, biological assets other than bearer

N \ A N \ A
plants, at cost

[611100] Notes - Financial instruments

Disclosure of financial liabilities [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial liabilities [Axis] Financial liabilities at amortised cost, class [Member]
Financial liabilities at amortised cost,
Categories of financial liabilities [Axis] Financial liabilities, category [Member]
category [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial liabilities [Abstract]
Disclosure of financial liabilities [Line items]
Financial liabilities 1,21,713 1,20,742 (A) 1,21,713 (B) 1,20,742
Financial liabilities, at fair value 0 0 0 0

Footnotes
(A)
Particulars 2019-20
Lease liability(1) 16909
Other financial liabilities(2) 507
Trade payables(1) 93666
Lease liabilities(1) 9224
Other financial liabilities- Payable to employees(1) 231
Other financial liabilities- Creditors for purchase of property, plant and equipment(1) 1176

(B)
Particulars 2018-19
Lease liabilities(1) 9897
Other financial liabilities(2) 388
Trade payables(1) 106426
Lease liabilities(1) 3424
Other financial liabilities- Payable to employees(1) 410
Other financial liabilities- Creditors for purchase of property, plant and equipment(1) 197

134
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of financial assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Financial assets at amortised cost, class
Classes of financial assets [Axis] Trade receivables [Member]
[Member]
Categories of financial assets [Axis] Financial assets, category [Member] Financial assets, category [Member]
01/04/2019 01/04/2018
to to 31/03/2020 31/03/2019
31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1,80,340 59,363 26,381 28,398
Financial assets, at fair value 0 0 0 0
Description of other financial assets at Refer to child
Refer to child member
amortised cost class member

Disclosure of financial assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other financial assets at amortised cost
Classes of financial assets [Axis] Trade receivables [Member]
class [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2019 01/04/2018
31/03/2020 31/03/2019 to to
31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 26,381 28,398 1,53,959 30,965
Financial assets, at fair value 0 0 0 0
Description of other financial assets at Refer to child
Refer to child member
amortised cost class member

Disclosure of financial assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Other financial assets at amortised cost class 1 [Member]
Financial assets at fair value through
Categories of financial assets [Axis] Financial assets, category [Member] other comprehensive income, category
[Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 2,057 1,362 2,057 1,362
Financial assets, at fair value 0 0 0 0
Description of other financial assets at Refer to child Refer to child
Refer to child member Refer to child member
amortised cost class member member

Disclosure of financial assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other financial assets at amortised cost Other financial assets at amortised cost
Classes of financial assets [Axis]
class 1 [Member] class 2 [Member]
Investments in equity instruments
Categories of financial assets [Axis] designated at fair value through other Financial assets, category [Member]
comprehensive income [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 2,057 1,362 1,420 2,434
Financial assets, at fair value 0 0 0 0
Financial assets -
Description of other financial assets at Financial assets - Non Refer to child
N o n Refer to child member
amortised cost class current-Loans(1) member
current-Loans(1)

135
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of financial assets [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other financial assets at amortised cost Other financial assets at amortised cost
Classes of financial assets [Axis]
class 2 [Member] class 3 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1,420 2,434 1,49,377 25,021
Financial assets, at fair value 0 0 0 0
Financial assets -
Description of other financial assets at Financial assets - Non Refer to child
Non current- Refer to child member
amortised cost class current- Investments member
Investments

Disclosure of financial assets [Table] ..(6)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other financial assets at amortised cost Other financial assets at amortised cost
Classes of financial assets [Axis]
class 3 [Member] class 4 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1,49,377 25,021 2 2
Financial assets, at fair value 0 0 0 0
Financial assets - Financial assets -
Description of other financial assets at Refer to child
Current-Cash and Current-Cash and cash Refer to child member
amortised cost class member
cash equivalents(1) equivalents(1)

Disclosure of financial assets [Table] ..(7)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other financial assets at amortised cost Other financial assets at amortised cost
Classes of financial assets [Axis]
class 4 [Member] class 5 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 2 2 1,103 1,856
Financial assets, at fair value 0 0 0 0
Bank balances other Bank balances other
Description of other financial assets at than cash and cash than cash and cash Refer to child
Refer to child member
amortised cost class equivalents equivalents mentioned member
mentioned above(1) above(1)

Disclosure of financial assets [Table] ..(8)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other financial assets at amortised cost Other financial assets at amortised cost
Classes of financial assets [Axis]
class 5 [Member] class 6 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1,103 1,856 0 195
Financial assets, at fair value 0 0 0 0
Description of other financial assets at Financial assets - Financial assets - Refer to child
Refer to child member
amortised cost class Current-Loans(1) Current-Loans(1) member

136
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of financial assets [Table] ..(9)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other financial assets at amortised cost Other financial assets at amortised cost
Classes of financial assets [Axis]
class 6 [Member] class 7 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 0 195 0 95
Financial assets, at fair value 0 0 0 0
Other financial Other financial
Description of other financial assets at Refer to child
assets-Advances to assets-Advances to Refer to child member
amortised cost class member
related parties(1) related parties(1)

Disclosure of financial assets [Table] ..(10)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other financial assets at amortised cost
Classes of financial assets [Axis]
class 7 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis]
category [Member]
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 0 95
Financial assets, at fair value 0 0
Other Other
Other Other financial
Description of other financial assets at amortised cost class financial
assets-receivables(1)
assets-receivables(1)

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019
to
31/03/2020
Textual information (12)
Disclosure of financial instruments [TextBlock] [See below]
Disclosure of financial assets [TextBlock]
Disclosure of financial assets [Abstract]
Disclosure of financial liabilities [TextBlock]
Disclosure of financial liabilities [Abstract]
Disclosure of credit risk [TextBlock]
Disclosure of reconciliation of changes in loss allowance and
explanation of changes in gross carrying amount for financial
instruments [TextBlock]
Disclosure of reconciliation of changes in loss allowance
and explanation of changes in gross carrying amount for
financial instruments [Abstract]
Disclosure of credit risk exposure [TextBlock]
Disclosure of credit risk exposure [Abstract]
Disclosure of provision matrix [TextBlock]
Disclosure of provision matrix [Abstract]
Disclosure of financial instruments by type of interest rate [TextBlock]
Disclosure of financial instruments by type of interest rate [Abstract]

137
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (12)

Disclosure of financial instruments [Text Block]

Note 37: Financial Instruments

A. Accounting classifications and fair values

The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in
the fair value hierarchy.

(i) As on 31 March 2020

Carrying Fair value

Particulars Notes
value measurement using

Amortised Level Level

FVTPL FVOCI Total Level 1
cost 2 3

Financial assets - Non current

Investments 6a - - 1,420 1,420 - - -

Loans(1) 7a - - 2,057 2,057 - - -

Financial assets - Current

Investments

- Investment in equity shares- quoted 6b 0* - - - 0* - -

Trade receivables(1) 11 - - 26,381 26,381 - - -

Cash and cash equivalents(1) 12 - - 149,377 149,377 - - -

Other bank balances (1) 13 - - 2 2 - - -

Loans(1) 7b - - 1,103 1,103 - - -

Total - - 180,339 180,339 - - -

Financial liabilities - Non current

Lease liability(1) 19a - - 16,909 16,909 - - -

Other financial liabilities(2) 20a - - 507 507 - - -

Financial liabilities - Current

Trade payables(1) 21 - - 93,666 93,666 - - -

138
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Lease liabilities(1) 19b - - 9,224 9,224 - - -

Other financial liabilities

- Payable to employees(1) 20b - - 231 231 - - -

- Creditors for purchase of property, plant and

20b - - 1,176 1,176 - - -
equipment(1)

Total - - 121,713 121,713 - - -

* Amount is below rounding off threshold adopted by the Company

(ii) As on 31 March 2019

Carrying Fair value

Particulars Note
value measurement using

Amortised Level Level

FVTPL FVOCI Total Level 1
cost 2 3

Financial assets - Non current

Investments 6a - - 2,434 2,434 - - -

Loans(1) 7a - - 1,362 1,362 - - -

Financial assets - Current

Investments

- Investment in equity shares- quoted 6b 0* - - - 0* - -

Trade receivables(1) 11 - - 28,398 28,398 - - -

Cash and cash equivalents(1) 12 - - 25,021 25,021 - - -

Other bank balances (1) 13 - - 2 2 - - -

Loans(1) 7b - - 1,856 1,856 - - -

Other financial assets

- Advances to related parties(1) 14 - - 195 195 - - -

- Other receivables(1) 14 - - 95 95 - - -

Total - - 59,364 59,364 - - -

Financial liabilities - Non current

Lease liabilities(1) 19a - - 9,897 9,897 - - -

139
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Other financial liabilities(2) 20a - - 388 388 - - -

Financial liabilities - Current

Trade payables(1) 21 - - 106,426 106,426 - - -

Lease liabilities(1) 19b - - 3,424 3,424 - - -

Other financial liabilities

- Payable to employees(1) 20b - - 410 410 - - -

- Creditors for purchase of property, plant and

20b - - 197 197 - - -
equipment(1)

Total - - 120,742 120,742 - - -

* Amount is below rounding off threshold adopted by the Company

1. The carrying value of these financial assets and financial liabilities approximates the fair values.

2. These are deposits received from distributors and do not have a contractual re-payment term but are repayable on demand.
As repayment terms are not defined and these deposits are repayable as and when demanded by distributors, the same is
measured at their carrying value.

Valuation technique used to determine fair value

Specific valuation techniques used to value financial instruments include:

- the fair value of investment in quoted investment in equity shares is based on the current bid price of respective investment as
at the Balance Sheet date.

- the fair value of the derivative financial instruments is based on mark-to-market as at the Balance Sheet date.

- the fair value of the remaining financial instruments is determined using discounted cash flow method.

B. Financial risk management

The Group has exposure to the following risks arising from financial instruments:

- Credit risk ;

- Liquidity risk ;

- Market Risk - Foreign currency ;

- Market Risk - Interest rate

(i) Risk management framework

The Group’s board of directors has overall responsibility for the establishment and oversight of the Group’s risk management
framework.

The Group’s risk management policies are established to identify and analyse the risks faced by the Group to set appropriate
risks limits and controls and to monitor risks and adherence to limits. Risk management policies are reviewed regularly to reflect

140
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

changes in market conditions and the Group’s activities. The Group through its training and management standards and
procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their roles
and obligations.

Note 37: Financial Instruments (contd.)

(ii) Credit risk

The maximum exposure to credit risks is represented by the total carrying amount of these financial assets in the Consolidated
Balance Sheet

Particulars As at 3/31/2020 As at 3/31/2019

Trade receivables 26,381 28,398

Cash and cash equivalents 149,377 25,021

Bank balances other than cash and cash equivalents mentioned above 2 2

Loans 3,159 3,218

Other financial assets - 291

Credit risk is the risk of financial loss to the Group if a customer or counter-party fails to meet its contractual obligations.

Credit risk on cash and cash equivalents and bank deposits is limited as the Group generally deals with banks with high credit
ratings assigned by domestic credit rating agencies. Investments primarily include investment in subsidiaries, joint venture and
associates. The loans primarily represents interest free security deposits refundable on the completion of the term as per the
contract. The credit risk associated with such deposits is relatively low.

The Group uses expected credit loss model to assess the impairment loss. The Group uses a provision matrix to compute the
expected credit loss allowance for trade receivables. The provision matrix takes into account available internal credit risk factors
such as the Group’s historical experience for customers.

Gross trade receivables as at year end primarily includes Rs. 19,597 (31 March 2019: Rs. 8,540) pertaining to related parties and
Rs. 8,677 (31 March 2019: Rs. 22,604) pertaining to others.

The Group based upon past trends determine an impairment allowance for loss on receivables from others.

The following table provides information about the exposure to credit risk and expected credit loss for trade receivables.

As at 31 March 2020

Particulars Gross carrying amount Expected credit losses Carrying amount (net of expected credit losses)

From Related Parties 19,597 - 19,597

From Others

Not due 2,073 96 1,977

141
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

1-90 days past due 4,502 354 4,148

91-180 days past due 473 473 -

More than 180 days past due 1,629 970 659

Trade receivables of subsidiary

28,274 1,893 26,381

As at 31 March 2019

Particulars Gross carrying amount Expected credit losses Carrying amount (net of expected credit losses)

From Related Parties 8,540 - 8,540

From Others

Not due 15,600 542 15,058

1-90 days past due 5,164 363 4,801

91-180 days past due 724 724 -

More than 180 days past due 1,116 1,116 -

31,144 2,745 28,399

The movement in the allowance for impairment in respect of trade receivables and loans is as follows:

Particulars As at 3/31/2020 As at 3/31/2019

Balance as at beginning of the year 2745 2268

Amounts written off during the year (853) (58)

Remeasurement of loss allowance - 535

Balance as at the end of the year 1892 2745

Note 37: Financial Instruments (contd.)

(iii) Liquidity risk

Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that
are settled by delivering cash or another financial asset. The Group’s approach to managing liquidity is to ensure, as far as
possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions,
without incurring unacceptable losses or risking damage to the Group’s reputation.

The Group aims to maintain the level of its cash and cash equivalents and other highly marketable equity investments at an
amount in excess of expected cash outflows on financial liabilities (other than trade payables) over the next six months. The
Group also monitors the level of expected cash inflows on trade receivables and loans together with expected cash outflows on
trade payables and other financial liabilities.

142
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Exposure to liquidity risk

The following are the remaining contractual maturities of financial liabilities at the reporting date. The contractual cash flow
amounts are gross and undiscounted.

Less than one Between one and three More than three
31-Mar-20 Notes Carrying Total
year years years

amount

19(a) &
Lease liabilities 26,133 9,224 9,530 7,379 26,133
19(b)

(including current
maturities)

Trade payables 21 93,666 93,666 - - 93,666

Deposits from distributors* 20(a) 507 - - 507 507

Other financial liabilities 20(b) 1,407 1,407 - - 1,407

121,713 104,297 9,530 7,885 121,713

Less than one Between one and three More than three
31-Mar-19 Notes Carrying Total
year years years

amount

19(a) &
Lease liabilities 13,321 3,424 5,660 4,237 13,321
19(b)

(including current
maturities)

Trade payables 21 106,426 106,426 - - 106,426

Deposits from distributors* 20(a) 388 - - 388 388

Other financial liabilities 20(b) 608 608 - - 608

120,743 110,458 5,660 4,625 120,743

* These are deposits received from distributors and do not have a contractual re-payment term but are repayable on demand. As
repayment terms are not defined and these deposits are repayable as and when demanded by distributors. Since it is not
expected that distributor will claim refund during the course of operations of business, the maturity period for the same is
considered to be more than three years.

(iv) Market risk

Market risk is the risk that the future cash flows of a financial instrument will fluctuate because of changes in market prices.
Market risk comprises two types of risk namely: currency risk and interest rate risk. The objective of market risk management is
to manage and control market risk exposures within acceptable parameters, while optimising the return.

(a) Interest rate risk

143
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in
market interest rates. In order to balance the Company’s position with regards to interest income and interest expense and to
manage the interest rate risk, treasury performs comprehensive interest rate risk management. The Company is not exposed to
significant interest rate risk as at the respective reporting dates.

(b) Currency risk

Currency risk is the risk that the future cash flows of a financial instrument will fluctuate because of changes in foreign exchange
rates. The Group is exposed to the effects of fluctuation in the prevailing foreign currency exchange rates on its financial position
and cash flows. Exposure arises primarily due to exchange rate fluctuations between the functional currency and other
currencies from the Group’s operating, investing and financing activities.

Unhedged exposure to foreign currency risk

The Company‘s exposure in respect of foreign currency denominated financial liabilities not hedged as at 31 March 2020 & 31
March 2019 by derivative instruments or others as follows:

As at 31 March 2020 As at 31 March 2019

Currency Amount in foreign currency Amount in INR Amount in foreign currency Amount in INR

EUR 0.85 70.98 3.82 296.97

USD 114.5 8,625.07 15.9 1,102.25

GBP 0.38 35.49 16.33 1,473.80

IDR 988.41 4.65 0.03 0

The Company‘s exposure in respect of foreign currency denominated financial assets not hedged as at 31 March 2020 and 31
March 2019 by derivative instruments or others as follows:

As at 31 March 2020 As at 31 March 2019

Currency Amount in foreign currency Amount in INR Amount in foreign currency Amount in INR

USD 257.26 19,377.69 100 6,964

BDT 5.46 4.58 - -

AUD 14.97 690.44 - -

GBP 6.34 593.75 - -

EUR 0.02 1.9 - -

Sensitivity analysis

A reasonably possible strengthening (weakening) of the Indian Rupee against below currencies at 31 March 2020 and 31 March

144
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

2019 would have affected the measurement of financial instruments denominated in foreign currency and affected Statement of
Profit and Loss by the amounts shown below. This analysis is performed on foreign currency denominated monetary financial
assets and financial liabilities outstanding as at the year end. This analysis assumes that all other variables, in particular interest
rates, remain constant.

Statement of Statement of
Particulars
Profit & Loss Profit & Loss

for the year ended for the year ended

3/31/2020 3/31/2019

1% depreciation/ appreciation in Indian Rupees Gain/(loss) on Gain/(loss) on Gain/(loss) on Gain/(loss) on

against following foreign currencies: appreciation depreciation appreciation depreciation

USD 101.75 (101.75) 58.62 (58.62)

IDR (0.05) 0.05

AUD 6.90 (6.90) - -

EUR (0.69) 0.69 (2.97) 2.97

BDT (0.05) 0.05

GBP 5.58 (5.58) 14.74 (14.74)

113.46 (113.46) 70.39 (70.39)

USD: United States Dollar, GBP: Great British Pound, EUR: Euro, AUD: Australian Dollar, BDT: Bangladeshi Taka, IDR:
Indonesian Rupiah.

145
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[400400] Notes - Non-current investments

Details of non-current investments [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of non-current investments [Axis] 1 2
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Non-current investments [Abstract]
Disclosure of details of non-current investments
[Abstract]
Details of non-current investments [Line items]
Investment in other Investment in other Investment in public Investment in public
Type of non-current investments Indian companies Indian companies sector preference sector preference
equity instruments equity instruments shares shares
Class of non-current investments Trade investments Trade investments Trade investments Trade investments
Nature of non-current investments Unquoated Unquoated Unquoated Unquoated
Non-current investments 1,414 1,328 1 1
Name of body corporate in whom investment has Pearl Drinks Pearl Bottling Pearl Bottling Private
Pearl Drinks Limited
been made Limited Private Limited Limited
Number of shares of non-current investment
[shares] 88,400 [shares] 88,400 [shares] 1,000 [shares] 1,000
made in body corporate

Details of non-current investments [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of non-current investments [Axis] 3 4
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Non-current investments [Abstract]
Disclosure of details of non-current investments
[Abstract]
Details of non-current investments [Line items]
Investment in other Investment in other Investment in other Investment in other
Type of non-current investments Indian companies Indian companies Indian companies Indian companies
equity instruments equity instruments equity instruments equity instruments
Class of non-current investments Trade investments Trade investments Other investments Other investments
Nature of non-current investments Unquoated Unquoated Unquoated Unquoated
Non-current investments 5 5 0 1,100
Name of body corporate in whom investment has Pearl Beverages Pearl Beverages N o u r i s h C o NourishCo Beverages
been made Limited Limited Beverages Limited Limited
Number of shares of non-current investment [shares]
[shares] 50,000 [shares] 50,000 [shares] 10,65,00,000
made in body corporate 10,65,00,000

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019
to 31/03/2019
31/03/2020
Textual information (13)
Disclosure of notes on non-current investments explanatory [TextBlock] [See below]
Aggregate amount of quoted non-current investments 0 0
Market value of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 1,420 2,434
Aggregate provision for diminution in value of non-current investments 0 0

146
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (13)

Disclosure of notes on non-current investments explanatory [Text Block]

Note 6 : Investments

(a) Non-current investments

As at As at
Particulars
3/31/2020 3/31/2019

Investment accounted for using the equity method

A) Investment in equity instruments - Associates (1) - Trade

88,400 (31 March 2019: 88,400) equity shares of Pearl Drinks Limited of Rs. 10 each, fully paid-up
1,414 1,328
(including goodwill of Rs. 1) (refer note 44)

1,000 (31 March 2019: 1,000) equity shares of Pearl Bottling Private Limited of Rs. 100 each, fully
1 1
paid-up(2)

50,000 (31 March 2019: 50,000) equity shares of Pearl Beverages Limited of Rs. 10 each, fully
5 5
paid-up(2)

B) Investment in equity instruments - Joint Venture

Cost of acquisition at the beginning of the year 1,100 1,002

Add: Share in profit/ (loss) for the year (98) 97

Less: Reclassified as held for sale (refer note 16a) (1003) -

106,500,000 (31 March 2019: 106,500,000) equity shares of NourishCo Beverages Limited of Rs. 10
- 1,100
each, fully paid-up (refer note 44)

C) Investments in Government and trust securities - other investments

National Savings Certificates 0* 0*

Total non-current investments 1,420 2,434

(b) Current investments

As at As at
Particulars
3/31/2020 3/31/2019

Current Investments (Quoted)

(Measured at fair value through profit and loss)

(A) Investment in equity shares - Trade

18 (31 March 2019: 18) equity shares of BASF Limited of Rs 10 each, fully paid-up 0* 0*

147
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

80 (31 March 2019: 80) equity shares of GTN Textiles Limited of Rs 10 each, fully paid up 0* 0*

75 (31 March 2019: 75) equity shares of Surya Roshni Limited of Rs 10 each, fully paid-up 0* 0*

- -

Current Investments (Unquoted)

(Measured at amortised cost)

(B) Investment in preference shares - Associates (refer note 44)(1)

1,828,070 (31 March 2019: 1,828,070) 8% fully redeemable Preference Shares of Pearl Drinks Limited,
183 183
of Rs 10 each (fully paid-up)

3,634,610 (31 March 2019: 3,634,610) 8% fully redeemable Preference Shares of Pearl Bottling Private
363 363
Limited, of Rs 10 each (fully paid-up)(2)

4,201,110 (31 March 2019: 4,201,110) 8% fully redeemable Preference Shares of Pearl Beverages
420 420
Limited, of Rs 10 each (fully paid-up)(2)

966 966

Total current investment (gross) 966 966

Less : loss allowances 966 966

Total current investment - -

Aggregate amount of quoted investments at cost 0* 0*

Aggregate amount of quoted investments at market value 0* 0*

Aggregate amount of unquoted investments at cost 1,420 2,434

1. Includes investments in wholly owned subsidiaries of associates

2. Subsidiary company of Pearl Drinks Limited

* Amount is below rounding off threshold adopted by the Group

148
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[611600] Notes - Non-current asset held for sale and discontinued operations
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of non-current assets held for sale and discontinued operations
[TextBlock]
Net cash flows from (used in) operating activities, continuing
3,145 50,199
operations
Net cash flows from (used in) operating activities 3,145 50,199
Net cash flows from (used in) investing activities, continuing
1,33,346 -28,072
operations
Net cash flows from (used in) investing activities 1,33,346 -28,072
Net cash flows from (used in) financing activities, continuing
-12,135 -13,939
operations
Net cash flows from (used in) financing activities -12,135 -13,939

Refer Note 16a

Refer Note 16a
Description of non-current Assets or disposal group held for sale which of the Financial
of the Financial
were sold or reclassified Statements
Statements

Refer Note 16a Refer Note 16a

Explanation of facts and circumstances of sale or reclassification and of the Financial of the Financial
expected disposal, manner and timing Statements Statements

149
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[400100] Notes - Equity share capital

Disclosure of classes of equity share capital [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Equity shares 1
Classes of equity share capital [Axis] Equity shares [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line
items]
Refer to child
Type of share member
[shares] [shares] [shares]
Number of shares authorised 400,00,00,000 400,00,00,000 400,00,00,000
Value of shares authorised 4,00,000 4,00,000 4,00,000
[shares] [shares] [shares]
Number of shares issued 369,49,86,213 369,49,86,213 369,49,86,213
Value of shares issued 3,69,498.6213 3,69,498.6213 3,69,498.6213
[shares] [shares] [shares]
Number of shares subscribed and fully paid 369,49,86,213 369,49,86,213 369,49,86,213
Value of shares subscribed and fully paid 3,69,498.6213 3,69,498.6213 3,69,498.6213
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
[shares] [shares] [shares]
Total number of shares subscribed 369,49,86,213 369,49,86,213 369,49,86,213
Total value of shares subscribed 3,69,498.6213 3,69,498.6213 3,69,498.6213
Value of shares paid-up [Abstract]
[shares] [shares] [shares]
Number of shares paid-up 369,49,86,213 369,49,86,213 369,49,86,213
Value of shares called 3,69,498.6213 3,69,498.6213 3,69,498.6213
Value of shares paid-up 3,69,498.6213 3,69,498.6213 3,69,498.6213
Par value per share [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Total increase (decrease) in number of
[shares] 0 [shares] 0 [shares] 0
shares outstanding
[shares] [shares] [shares]
Number of shares outstanding at end of period 369,49,86,213 369,49,86,213
[shares] 369,49,86,213
369,49,86,213
Reconciliation of value of shares outstanding
[Abstract]
Changes in equity share capital [Abstract]
Total increase (decrease) in share capital 0 0 0
Equity share capital at end of period 3,69,498.6213 3,69,498.6213 3,69,498.6213 3,69,498.6213
Rights preferences and restrictions attaching Textual information
to class of share capital (14) [See below]
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
[shares] [shares] (A) [shares]
Shares in company held by holding company 369,21,72,586 369,21,72,586 369,21,72,586
Shares in company held by subsidiaries of its (B) [shares]
[shares] 28,13,601 [shares] 28,13,601
holding company 28,13,601
Total shares in company held by holding company
[shares] [shares] [shares]
or ultimate holding company or by its 369,49,86,187 369,49,86,187 369,49,86,187
subsidiaries or associates
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]

150
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Application money received for allotment of

securities and due for refund and interest
accrued thereon [Abstract]
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
Refer to child
Type of share member

(A) PepsiCo Panimex Inc. Mauritius, the holding company : 3692172586

(B) PepsiCo Investments Ltd., Mauritius, fellow subsidiary : 2813601

Disclosure of classes of equity share capital [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
01/04/2018
to 31/03/2018
31/03/2019
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Type of share Refer to child member
Number of shares authorised [shares] 400,00,00,000
Value of shares authorised 4,00,000
Number of shares issued [shares] 369,49,86,213
Value of shares issued 3,69,498.6213
Number of shares subscribed and fully paid [shares] 369,49,86,213
Value of shares subscribed and fully paid 3,69,498.6213
Number of shares subscribed but not fully paid [shares] 0
Value of shares subscribed but not fully paid 0
Total number of shares subscribed [shares] 369,49,86,213
Total value of shares subscribed 3,69,498.6213
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 369,49,86,213
Value of shares called 3,69,498.6213
Value of shares paid-up 3,69,498.6213
Par value per share [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Total increase (decrease) in number of shares outstanding [shares] 0
[shares]
Number of shares outstanding at end of period [shares] 369,49,86,213
369,49,86,213
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Total increase (decrease) in share capital 0
Equity share capital at end of period 3,69,498.6213 3,69,498.6213
Textual information (15)
Rights preferences and restrictions attaching to class of share capital [See below]
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
Shares in company held by holding company [shares] 369,21,72,586
Shares in company held by subsidiaries of its holding company [shares] 28,13,601
Total shares in company held by holding company or ultimate holding company
[shares] 369,49,86,187
or by its subsidiaries or associates
Details of application money received for allotment of securities and due for
refund and interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund and
interest accrued thereon [Abstract]
Total application money received for allotment of securities and due for
0
refund and interest accrued thereon
Type of share Refer to child member

151
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of shareholding more than five per cent in company [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Name of shareholder [Member] Shareholder 1 [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Refer to child
Type of share member
Refer to child member Equity share capital Equity share capital

Disclosure of shareholding more than five per cent in

company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Refer to child
Type of share member
Refer to child member Equity share capital Equity share capital
PepsiCo Panimex PepsiCo Panimex Inc.
Refer to child
Name of shareholder member
Refer to child member Inc. Mauritius, the Mauritius, the holding
holding company company
Country of incorporation or residence of
MAURITIUS MAURITIUS
shareholder
[shares] [shares] [shares] [shares]
Number of shares held in company 369,21,72,586 369,21,72,586 369,21,72,586 369,21,72,586
Percentage of shareholding in company 99.92% 99.92% 99.92% 99.92%

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (16)
Disclosure of notes on equity share capital explanatory [TextBlock] [See below]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company

Textual information (14)

Rights preferences and restrictions attaching to class of share capital

The Company has a single class of equity shares. Accordingly, all equity shares rank equally with regard to dividends and share in the Company's
residual assets. The equity shares are entitled to receive dividend as declared from time to time. The voting rights of an equity shareholder on a
poll (not on show of hands) are in proportion to its share of the paid-up equity capital of the Company. On winding up of the Company, the
holders of equity shares will be entitled to receive the residual assets of the Company in proportion of the number of equity shares held.

Textual information (15)

Rights preferences and restrictions attaching to class of share capital

The Company has a single class of equity shares. Accordingly, all equity shares rank equally with regard to dividends and share in the Company's
residual assets. The equity shares are entitled to receive dividend as declared from time to time. The voting rights of an equity shareholder on a
poll (not on show of hands) are in proportion to its share of the paid-up equity capital of the Company. On winding up of the Company, the
holders of equity shares will be entitled to receive the residual assets of the Company in proportion of the number of equity shares held.

152
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (16)

Disclosure of notes on equity share capital explanatory [Text Block]

Note 17: Equity share capital

Particulars As at 3/31/2020 As at 3/31/2019

Authorised equity share capital

4,000,000,000 (31 March 2019: 4,000,000,000) equity shares of Rs. 10 each 400,000 400,000

400,000 400,000

Issued, subscribed and fully paid up

Particulars As at 3/31/2020 As at 3/31/2019

3,694,986,213 (31 March 2019: 3,694,986,213) equity shares of Rs. 10 each fully paid 369,499 369,499

369,499 369,499

A. Reconciliation of shares outstanding at the beginning and at the end of the year

Particulars No. of shares

As at 31 March 2019 3,694,986,213

As at 31 March 2020 3,694,986,213

B. Rights, preferences and restrictions attached to equity shares

The Company has a single class of equity shares. Accordingly, all equity shares rank equally with regard to dividends and share
in the Company's residual assets. The equity shares are entitled to receive dividend as declared from time to time. The voting
rights of an equity shareholder on a poll (not on show of hands) are in proportion to its share of the paid-up equity capital of the
Company. On winding up of the Company, the holders of equity shares will be entitled to receive the residual assets of the
company in proportion of the number of equity shares held.

C. Shares of the Company held by holding / ultimate holding Company and/or fellow subsidiaries

Name of shareholder As at 3/31/2020 As at 3/31/2019

No. of shares No. of shares

153
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

PepsiCo Panimex Inc. Mauritius, the holding company 3,692,172,586 3,692,172,586

PepsiCo Investments Ltd., Mauritius, fellow subsidiary 2,813,601 2,813,601

3,694,986,187 3,694,986,187

D. Details of shareholders holding more than 5% shares in the Company

Name of shareholder As at 3/31/2020 As at 3/31/2019

No. of shares No. of shares

PepsiCo Panimex Inc. Mauritius, the holding company 3,692,172,586 3,692,172,586

E. The ultimate holding company of the company is PepsiCo Inc., USA.

F. No shares have been issued pursuant to contract without payment being received in cash, allotted as fully paid up shares by
way of bonus issues nor has any bought back of shares in the last five years.

154
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[612700] Notes - Income taxes

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] Temporary differences [Member] differences
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Deferred tax relating to items credited (charged)
-531 0 -531
directly to equity
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 26,519 0 26,519
Deferred tax liabilities 14,340 0 14,340
Net deferred tax liability (assets) -12,179 0 0 -12,179
Net deferred tax assets and liabilities
[Abstract]
Net deferred tax assets 0 0 0
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
-10,725 0 -10,725
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
-10,725 0 -10,725
recognised in profit or loss
Deferred tax relating to items
-531 0 -531
credited (charged) directly to equity
Aggregated income tax relating to
components of other comprehensive -923 0 -923
income
Total increase (decrease) in deferred
-12,179 0 -12,179
tax liability (assets)
Deferred tax liability (assets) at end of
-12,179 0 0 -12,179
period
Refer to child
Description of other temporary differences Refer to child member Refer to child member
member

155
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences [Member] Other temporary differences 1 [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Deferred tax relating to items credited (charged)
0
directly to equity
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 0 1,220 0
Deferred tax liabilities 0 0 0
Net deferred tax liability (assets) 0 0 -1,220 0
Net deferred tax assets and liabilities
[Abstract]
Net deferred tax assets 0 0 0
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
0 -1,220 0
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
0 -1,220 0
recognised in profit or loss
Deferred tax relating to items
0
credited (charged) directly to equity
Aggregated income tax relating to
components of other comprehensive 0
income
Total increase (decrease) in deferred
0 -1,220 0
tax liability (assets)
Deferred tax liability (assets) at end of
0 0 -1,220 0
period
Unabsorbed Unabsorbed
Description of other temporary differences Refer to child member
depreciation depreciation

156
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] differences 1 Other temporary differences 2 [Member]
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 254 0
Deferred tax liabilities 0 0
Net deferred tax liability (assets) 0 -254 0 0
Net deferred tax assets and liabilities
[Abstract]
Net deferred tax assets 0 0
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
-254 0
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
-254 0
recognised in profit or loss
Total increase (decrease) in deferred
-254 0
tax liability (assets)
Deferred tax liability (assets) at end of
0 -254 0 0
period
Description of other temporary differences Inventory allowance Inventory allowance

157
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences 3 [Member] differences 4
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Deferred tax relating to items credited (charged)
-531 0
directly to equity
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 7,556 0 3,199
Deferred tax liabilities 0 0 0
Net deferred tax liability (assets) -7,556 0 0 -3,199
Net deferred tax assets and liabilities
[Abstract]
Net deferred tax assets 0 0 0
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
-7,025 0 -2,276
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
-7,025 0 -2,276
recognised in profit or loss
Deferred tax relating to items
-531 0
credited (charged) directly to equity
Aggregated income tax relating to
components of other comprehensive -923
income
Total increase (decrease) in deferred
-7,556 0 -3,199
tax liability (assets)
Deferred tax liability (assets) at end of
-7,556 0 0 -3,199
period
Finance lease Provisions for
Description of other temporary differences obligations
Finance lease obligations
employee benefits

158
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(5)
Unless otherwise specified, all monetary values are in Lakhs of INR
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences 4 [Member] Other temporary differences 5 [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 0 12,369 0
Deferred tax liabilities 0 0 0
Net deferred tax liability (assets) 0 0 -12,369 0
Net deferred tax assets and liabilities
[Abstract]
Net deferred tax assets 0 0 0
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
0 -12,369 0
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
0 -12,369 0
recognised in profit or loss
Aggregated income tax relating to
components of other comprehensive 0
income
Total increase (decrease) in deferred
0 -12,369 0
tax liability (assets)
Deferred tax liability (assets) at end of
0 0 -12,369 0
period
Provisions for employee Provisions for Provisions for
Description of other temporary differences benefits contingencies contingencies

159
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(6)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] differences 5 Other temporary differences 6 [Member]
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 269 0
Deferred tax liabilities 0 0
Net deferred tax liability (assets) 0 -269 0 0
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
-269 0
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
-269 0
recognised in profit or loss
Total increase (decrease) in deferred
-269 0
tax liability (assets)
Deferred tax liability (assets) at end of
0 -269 0 0
period
Description of other temporary differences Minimum alternate tax Minimum alternate tax

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(7)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences 7 [Member] differences 8
[Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 1,652 0 0
Deferred tax liabilities 0 0 5,323
Net deferred tax liability (assets) -1,652 0 0 5,323
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
-1,652 0 5,323
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
-1,652 0 5,323
recognised in profit or loss
Total increase (decrease) in deferred
-1,652 0 5,323
tax liability (assets)
Deferred tax liability (assets) at end of
-1,652 0 0 5,323
period
Property, plant and
Description of other temporary differences Other items Other items
equipment

160
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(8)
Unless otherwise specified, all monetary values are in Lakhs of INR
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences 8 [Member] Other temporary differences 9 [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 0 0 0
Deferred tax liabilities 0 7,846 0
Net deferred tax liability (assets) 0 0 7,846 0
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
0 7,846 0
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
0 7,846 0
recognised in profit or loss
Total increase (decrease) in deferred
0 7,846 0
tax liability (assets)
Deferred tax liability (assets) at end of
0 0 7,846 0
period
Property, plant and Right of use of
Description of other temporary differences equipment assets
Right of use of assets

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(9)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other temporary
Temporary difference, unused tax losses and unused tax credits [Axis] differences 9 Other temporary differences 10 [Member]
[Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 0 0
Deferred tax liabilities 1,171 0
Net deferred tax liability (assets) 0 1,171 0 0
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
1,171 0
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
1,171 0
recognised in profit or loss
Total increase (decrease) in deferred
1,171 0
tax liability (assets)
Deferred tax liability (assets) at end of
0 1,171 0 0
period
Description of other temporary differences Other items Other items

161
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (17)
Disclosure of income tax [TextBlock] [See below]
Major components of tax expense (income) [Abstract]
Current tax expense (income) and adjustments for current tax of prior
periods [Abstract]
Current tax expense (income) 8,969 600
Total current tax expense (income) and adjustments for current tax
8,969 600
of prior periods
Deferred tax expense (income) relating to origination and reversal of
-13,789 2,523
temporary differences
Total tax expense (income) -4,820 3,123
Current and deferred tax relating to items charged or credited directly
to equity [Abstract]
Income tax relating to components of other comprehensive income [Abstract]
Others income tax relating to components of other
comprehensive income that will not be reclassified to profit (A) -923
(B) 0
or loss
Total aggregated income tax relating to components of other
-923 0
comprehensive income
Disclosure of temporary difference, unused tax losses and unused tax
credits [TextBlock]
Disclosure of temporary difference, unused tax losses and unused tax
credits [Abstract]
Deferred tax assets and liabilities [Abstract]
Net deferred tax assets and liabilities [Abstract]
Deferred tax expense (income) [Abstract]
Reconciliation of changes in deferred tax liability (assets)
[Abstract]
Changes in deferred tax liability (assets) [Abstract]
Reconciliation of accounting profit multiplied by applicable tax rates
[Abstract]
Accounting profit 38,638 4,101
Tax expense (income) at applicable tax rate 13,500 1,433
Tax effect from change in tax rate 2,990 0
Other tax effects for reconciliation between accounting profit and tax
expense (income) (C) -21,310 (D) 1,690
Total tax expense (income) -4,820 3,123
Reconciliation of average effective tax rate and applicable tax rate
[Abstract]
Accounting profit 38,638 4,101

162
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Income tax relating to above items 923

(B)
Particulars 2018-19
Income tax relating to above items 0

(C)
Particulars 2019-20
Expenses which will never be allowed 838
Long term capital gain on slump sale of beverages division 4917
Deferred tax not created on carry forward losses and deductible temporary differences in excess of deferred tax
0
liability on other components*
Other Items -566
MAT credit created to the extent of utilisation against current tax liability -3064
Deferred tax recognised in current year -1391
Deferred tax asset pertaining to carryfoward depreciation and temporary differences not recognised in previous
-25365
year, adjusted against current year's taxable profit
Subsequent payment of previous year employee benefit provisions claimed as deduction 2399
Other adjustment to recocile due to OCI 922

(D)
Particulars 2018-19
Expenses which will never be allowed 1000
Long term capital gain on slump sale of beverages division 0
Deferred tax not created on carry forward losses and deductible temporary differences in excess of deferred tax
878
liability on other components*
Other Items -188
MAT credit created to the extent of utilisation against current tax liability 0
Deferred tax recognised in current year 0
Deferred tax asset pertaining to carryfoward depreciation and temporary differences not recognised in previous
0
year, adjusted against current year's taxable profit
Subsequent payment of previous year employee benefit provisions claimed as deduction 0
Other adjustment to recocile due to OCI 0

163
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (17)

Disclosure of income tax [Text Block]

Note 35: Income tax

A. Reconciliation of effective tax rate

For the year For the year

Particulars
ended 3/31/2020 ended 3/31/2019

Profit before income tax expense and share of loss of equity accounted investees 38,638 4,101

Tax using the Group's domestic rate 34.94% 34.94%

Computed expected tax expense 13500 1433

Tax effect of:

Expenses which will never be allowed 838 1000

Long term capital gain on slump sale of beverages division 4917 -

Subsequent payment of previous year employee benefit provisions claimed as deduction 2399 -

Impact of change in tax rate 2990 -

Deferred tax asset pertaining to carryfoward depreciation and temporary differences not
(25365) -
recognised in previous year, adjusted against current year's taxable profit

Deferred tax recognised in current year (1391) -

Deferred tax not created on carry forward losses and deductible temporary differences in
- 878
excess of deferred tax liability on other components*

MAT credit created to the extent of utilisation against current tax liability (3064) -

Other Items (566) (188)

Tax expense/(credit) reported in the statement of Profit and Loss (5742) 3123

*During the current year, the holding and subsidiary company recognised deferred tax asset on MAT (Minimum alternate tax) of
Rs. 98 and Rs. 170 as it is 'probable' that taxable profit will be available against which such credit can be utilised.In the previous
year, the holding and subsidiary company had not recognised deferred tax asset on the MAT (Minimum alternate tax) credit of
Rs. 3,431 and Rs. 170 respectively as it was not 'probable' that taxable profit will be available against which such credit can be
utilised.

B. Deferred tax assets / liabilities

Particulars As at 31 March 2020 As at 31 March 2019

164
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Gross amount Tax effect Gross amount Tax effect

Deferred tax liabilities

Property, plant and equipment 20,733 5,323 52,556 18,363

Right of use of assets 27,494 7,846 - -

Other items 4,405 1,171 2,140 748

52,632 14,340 54,696 19,111

Deferred tax assets

Unabsorbed depreciation 4,607 1,220 26,782 9,358

Inventory allowance 895 254 1,996 697

Finance lease obligations 26,133 7,556 13,321 4,654

Provisions for employee benefits 12,483 3,199 24,556 8,580

Provisions for contingencies 46,753 12,369 41,892 14,637

Short term capital loss - - 389 136

Minimum alternate tax 894 269 10,305 3,601

Other items 5,936 1,652 6,075 2,122

97,701 26,519 125,316 43,785

Net deferred tax asset 45,069 12,179 70,620 24,674

Net deferred tax recognised in the financial statements 12,179 -

During current year, the Company has recognised deferred tax asset on temporary differences due to the presence of convincing
evidence that sufficient taxable profit will be available against which the deferred tax asset can be utilised. However, till previous
year, deferred tax asset was recognized only to the extent of deferred tax liabilities since the Company had a history of recent
losses and absence of convincing evidence that sufficient taxable profit will be available against which the deferred tax asset can
be utilised.

Note 35: Income tax (Cont'd)

C. Changes in deferred tax assets and deferred tax liabilities from 1 April 2019 to 31 March 2020

Recognised in Recognised
Opening Balance Recognised in other Closing Balance
Particulars statement of profit directly in
as on 4/1/2019 comprehensive income as on 3/31/2020
and loss equity

Deferred tax asset arising

on account of

Unabsorbed depreciation - 1,220 - - 1,220

165
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Inventory allowance - 254 - - 254

Finance lease obligations - 7,025 - 531 7,556

Provisions for employee

- 2,276 923 - 3,199
benefits

Provisions for contingencies - 12,369 - - 12,369

Minimum alternate tax - 269 - - 269

Other items - 1,652 - - 1,652

- 25,065 923 531 26,519

Deferred tax liability arising

on account of

Property, plant and

- 5,323 - - 5,323
equipment

Right of use of assets - 7,846 - - 7,846

Other items - 1,171 - - 1,171

- 14,340 - - 14,340

Net deferred tax assets - 10,725 923 531 12,179

MAT credit created (to the

3,064
extent of utilisation

against current tax liability)

Net amount recognised in

13,789
Statement of profit and loss

D. Summary of Unrecognised deferred tax assets

As at 31 March As at 31 March
2020 2019

Unrecognised tax Unrecognised tax

Particulars Gross amount Gross amount
effect effect

Deductible temporary differences - - 43,448 15,181

Tax losses and unabsorbed

- - 26,782 9,358
depreciation

Short term capital loss 389 108 389 136

389 109 70,619 24,675

166
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

E. Tax losses and unabsorbed depreciation for which no deferred tax asset was recognised expire as follows:

Particulars As at 31 March 2020 As at 31 March 2019

Gross amount Unrecognised tax effect Gross amount Unrecognised tax effect

Short term capital loss

2024-25 389 108 389 136

Tax losses to be carried forward

2023-24 - - 2,025 708

2026-27 - - 232 81

Unabsorbed depreciation

Never expire - - 24,525 8,569

389 108 27,171 9,494

F. Tax credit under 115JB for which no deferred tax asset was recognised expire as follows:

As at 31 March As at 31 March
2020 2019

Unrecognised tax Unrecognised tax

Particulars Gross amount Gross amount
effect effect

Amount of Tax credit available for carried

forward :

2032-33 - - 7,573 2,646

2033-34 - - 2,732 955

- - 10,305 3,601

G. Pursuant to the Taxation Laws (Ammendment) Ordinance, 2019 issued on 20 September 2019, corporate assesees have
been the option to apply the lower income tax rate with effect from 1 April 2019, subject to certain conditions specified therein.
The Group has carried out an evaluation and based on its forecast profits believes that Group will be benificial to choose the
lower tax rate option from the financial year 2021-22 and will tax at existing rate in financial year 2019-20 and 2020-21.
Accordingly, deferred tax assets expected to be reversed in financial year 2020-21 has been recognised at normal tax rate and
expected to be reversed after financial year 2020-21 has been recognised at lower tax rate.

167
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[611000] Notes - Exploration for and evaluation of mineral resources

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of exploration and evaluation assets [TextBlock]
Whether there are any exploration and evaluation activities No No

[611900] Notes - Accounting for government grants and disclosure of government assistance
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of accounting for government grants and disclosure of government
assistance [TextBlock]
Whether company has received any government grant or government assistance No No

[401100] Notes - Subclassification and notes on liabilities and assets

Details of loans [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of loans [Axis] Loans [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 2,057 1,362 2,057 1,362
Allowance for bad and doubtful loans 0 0 0 0
Total loans 2,057 1,362 2,057 1,362
Refer to child Refer to child
Nature of other loans member
Refer to child member
member
Refer to child member

Details of loans due by directors, other

officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
Loans due by private companies in
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

168
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Details of loans [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of loans [Axis] Security deposits [Member] Other loans [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
01/04/2019 01/04/2018
31/03/2020 31/03/2019 to to
31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 2,057 3,344 0 -1,982
Allowance for bad and doubtful loans 0 0 0 0
Total loans 2,057 3,344 0 -1,982
Refer to child
Nature of other loans member
Refer to child member

Details of loans due by directors, other

officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
Loans due by private companies in
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

169
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Details of loans [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
Classification of loans [Axis] Other loans, others [Member] Loans [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross (A) 0 (B) -1,982 1,103 1,856
Allowance for bad and doubtful loans 0 0 0 0
Total loans 0 -1,982 1,103 1,856
Less: Reclassified as Less: Reclassified as
asset of disposal asset of disposal
Refer to child
Nature of other loans group classified as group classified as
member
Refer to child member
held for sale (refer held for sale (refer
note 16a) note 16a)
Details of loans due by directors, other
officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
Loans due by private companies in
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

Footnotes
(A)
Particulars 2019-20
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) 0

(B)
Particulars 2018-19
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) -1982

170
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Details of loans [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of loans [Axis] Loans [Member] Security deposits [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
01/04/2019 01/04/2018
to to 31/03/2020 31/03/2019
31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 1,103 1,856 391 1,126
Allowance for bad and doubtful loans 0 0 0 0
Total loans 1,103 1,856 391 1,126
Refer to child
Nature of other loans member
Refer to child member

Details of loans due by directors, other

officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
Loans due by private companies in
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

171
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Details of loans [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Loans given other related parties
Classification of loans [Axis] Loans to related parties [Member]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 0 -157 (A) 0 (B) -157
Allowance for bad and doubtful loans 0 0 0 0
Total loans 0 -157 0 -157
Less: Reclassified as Less: Reclassified as
asset of disposal asset of disposal
Refer to child
Nature of other loans member
Refer to child member group classified as group classified as
held for sale (refer held for sale (refer
note 16a) note 16a)
Details of loans due by directors, other
officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
Loans due by private companies in
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

Footnotes
(A)
Particulars 2019-20
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) 0

(B)
Particulars 2018-19
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) -157

172
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Details of loans [Table] ..(6)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of loans [Axis] Loans given employees [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets [Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 712 887
Allowance for bad and doubtful loans 0 0
Total loans 712 887
Details of loans due by directors, other officers or others [Abstract]
Loans due by directors 0 0
Loans due by other officers 0 0
Total loans due by directors, other officers or others 0 0
Details of loans due by firms or companies in which any director is partner
or director [Abstract]
Loans due by firms in which any director is partner 0 0
Loans due by private companies in which any director is director 0 0
Loans due by private companies in which any director is member 0 0
Total loans due by firms or companies in which any director is partner or
0 0
director

Other current financial assets others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial assets others [Axis] 1 2
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Other current financial assets [Abstract]
Other current financial assets others 0 195 0 95
Other current financial assets others [Abstract]
Other current financial assets others [Line
items]
Receivables from Receivables from
Description other current financial assets
related parties (refer related parties (refer Other receivables Other receivables
others note 38) note 38)
Other current financial assets others 0 195 0 95

Other current financial liabilities, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial liabilities, others [Axis] 1 2
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other current financial liabilities
notes [Abstract]
Other current financial liabilities [Abstract]
Other current financial liabilities, others 9,224 3,424 231 410
Other current financial liabilities, others
[Abstract]
Other current financial liabilities, others
[Line items]
Short-term
Description of other current financial Short-term maturities P a y a b l e to
maturities of Lease Payable to employees
liabilities, others of Lease liabilities(1) employees
liabilities(1)
Other current financial liabilities,
9,224 3,424 231 410
others

173
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Other current financial liabilities, others [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial liabilities, others [Axis] 3 4
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other current financial liabilities
notes [Abstract]
Other current financial liabilities [Abstract]
Other current financial liabilities, others 1,176 197 40 0
Other current financial liabilities, others
[Abstract]
Other current financial liabilities, others
[Line items]
Creditors for
Creditors for purchase
Description of other current financial purchase of Advance from Advance from
of property, plant and
liabilities, others property, plant and customer customer
equipment
equipment
Other current financial liabilities,
1,176 197 40 0
others

Other current liabilities, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current liabilities, others [Axis] 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of other current liabilities notes [Abstract]
Other current liabilities [Abstract]
Other current liabilities, others 3,139 20,670
Other current liabilities, others [Abstract]
Other current liabilities, others [Line items]
Description of other current liabilities, others Statutory liabilities Statutory liabilities
Other current liabilities, others 3,139 20,670

Other non-current assets, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other non-current assets, others [Axis] 1 2
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Other non-current assets notes [Abstract]
Other non-current assets [Abstract]
Other non-current assets, others 13,799 22,459 24,826 21,986
Other non-current assets, others [Abstract]
Other non-current assets, others [Line items]
Description of other non-current assets, Non current tax Duty and taxes paid Duty and taxes paid
Non current tax asset
others asset under protest under protest
Other non-current assets, others 13,799 22,459 24,826 21,986

174
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of breakup of provisions [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line items]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 10,134 7,316 926 (A) 1,201
Provision leave encashment 1,581 1,253 423 (B) 473
Provision other employee related
(C) 767 (D) 841 (E) 3,723 (F) 8,868
liabilities
Total provisions for employee benefits 12,482 9,410 5,072 10,542
CSR expenditure provision 0 0 0 0
Other provisions 0 0 (G) 42,584 (H) 41,892
Total provisions 12,482 9,410 47,656 52,434

175
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2018-19
Gratuity 4700
Less: Reclassified as liabilities of a disposal group classified as held for sale (refer: note 16b) -3499

(B)
Particulars 2018-19
Leave encashment 1272
Less: Reclassified as liabilities of a disposal group classified as held for sale (refer: note 16b) -799

(C)
Particulars 2019-20
Bonus 767
Provident Fund 0

(D)
Particulars 2018-19
Bonus 841
Provident Fund 0

(E)
Particulars 2019-20
Bonus 2200
Provident Fund 1523
Less: Reclassified as liabilities of a disposal group classified as held for sale (refer: note 16b) 0

(F)
Particulars 2018-19
Bonus 8653
Less: Reclassified as liabilities of a disposal group classified as held for sale (refer: note 16b) -306
Provident Fund 521

(G)
Particulars 2019-20
Contingencies 42584

(H)
Particulars 2018-19
Contingencies 38070

Classification of inventories [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of inventories [Axis] Company inventories [Member] Raw materials [Member]
01/04/2019 01/04/2018
31/03/2020 31/03/2019 to to
31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 74,570 51,402 (A) 51,459 (B) 42,103
Goods in transit 2,160 1,162
(Valued at the lower (Valued at the lower
Mode of valuation of cost or net of cost or net
realisable value) realisable value)

176
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Raw materials (in transit Rs. 2,160 ; 31 March 2019: Rs.1,162)(1) 49104
Packing material 2355

(B)
Particulars 2018-19
Raw materials (in transit Rs.1,162 ; 31 March 2018: Rs.1,364)(1) 37636
Packing material 6078
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) -1611

Classification of inventories [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of inventories [Axis] Work-in-progress [Member] Finished goods [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 0 (A) 0 18,635 (B) 6,427
Goods in transit 5,349 2,402
(Valued at the lower (Valued at the lower (Valued at the lower (Valued at the lower
Mode of valuation of cost or net of cost or net of cost or net of cost or net
realisable value) realisable value) realisable value) realisable value)

Footnotes
(A)
Particulars 2018-19
Work in progress 66
Less: Reclassified as liabilities of a disposal group classified as held for sale (refer: note 16b) -66

(B)
Particulars 2018-19
Finished goods (in transit Rs.2,402 ; 31 March 2018: Rs. 1,961)(2) 12632
Less: Reclassified as liabilities of a disposal group classified as held for sale (refer: note 16b) -6205

Classification of inventories [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of inventories [Axis] Stores and spares [Member]
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets [Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories (A) 4,476 (B) 2,872
Mode of valuation Valued at cost Valued at cost

177
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Stores and spares 4476
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) 0

(B)
Particulars 2018-19
Stores and spares 9233
Less: Reclassified as liabilities of a disposal group classified as held for sale (refer: note 16b) -6361

Details of advances [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of advances [Axis] Advances [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 9,982 3,936 9,982 3,936
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

178
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Details of advances [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of advances [Axis] Advances [Member] Capital advances [Member]
Classification of assets based on security [Axis] Doubtful [Member] Unsecured considered good [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 0 0 6,519 2,276
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

Details of advances [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of advances [Axis] Capital advances [Member] Other Advances [Member]
Classification of assets based on security [Axis] Doubtful [Member] Unsecured considered good [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 0 0 3,463 1,660
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

179
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Details of advances [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Deposits with statutory authorities
Classification of advances [Axis] Prepaid expenses [Member]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 2,751 955 (A) 712 (B) 712
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

Footnotes
(A)
Particulars 2019-20
Balances with government authorities 712

(B)
Particulars 2018-19
Balances with government authorities 712

180
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Details of advances [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
Classification of advances [Axis] Other advances, others [Member] Advances [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances (A) 0 (B) -7 10,192 25,483
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

Footnotes
(A)
Particulars 2019-20
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) 0

(B)
Particulars 2018-19
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) -7

181
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Details of advances [Table] ..(6)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of advances [Axis] Advances [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Doubtful [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 10,192 25,483 0 0
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

Details of advances [Table] ..(7)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of advances [Axis] Advances given suppliers [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Doubtful [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances (A) 1,329 (B) 1,848 0 0
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

182
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Considered good 1329
Credit impaired 874
Less: Loss allowance -874

(B)
Particulars 2018-19
Considered good 1848
Credit impaired 874
Less: Loss allowance -874

Details of advances [Table] ..(8)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of advances [Axis] Other Advances [Member] Prepaid expenses [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 8,863 23,635 (A) 3,972 (B) 4,689
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

Footnotes
(A)
Particulars 2019-20
Prepaid expenses and other advances 3972

(B) Prepaid expenses and other advances : 4689

183
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Details of advances [Table] ..(9)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Deposits with statutory authorities
Classification of advances [Axis] Other advances, others [Member]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances (A) 4,891 (B) 19,516 (C) 0 (D) -570
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

Footnotes
(A)
Particulars 2019-20
Balance with government authorities 4891

(B)
Particulars 2018-19
Balance with government authorities 19516

(C)
Particulars 2019-20
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) 0

(D)
Particulars 2018-19
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) -570

184
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Other non-current financial liabilities others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other non-current financial liabilities others [Axis] 1 2
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other non-current financial
liabilities notes [Abstract]
Other non-current financial liabilities [Abstract]
Other non-current financial liabilities, others 16,909 9,897 507 2,261
Other non-current financial liabilities others
[Abstract]
Other non-current financial liabilities
others [Line items]
Long-term
Description other non-current financial Long-term maturities Deposits from Deposits from
maturities of Lease
liabilities others of Lease liabilities(1) distributors distributors
liabilities(1)
Other non-current financial liabilities,
16,909 9,897 507 2,261
others

Other non-current financial liabilities others [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other non-current financial liabilities others [Axis] 3
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of other non-current financial liabilities notes [Abstract]
Other non-current financial liabilities [Abstract]
Other non-current financial liabilities, others 0 -1,873
Other non-current financial liabilities others [Abstract]
Other non-current financial liabilities others [Line items]
Less: Reclassified as Less: Reclassified as
liabilities of a liabilities of a disposal
Description other non-current financial liabilities others disposal group group classified as
classified as held for held for sale (refer:
sale (refer: note 16b) note 16b)
Other non-current financial liabilities, others 0 -1,873

185
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Subclassification of trade receivables [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
01/04/2019 01/04/2018
31/03/2020 31/03/2019 to to
31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line
items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 28,274 31,144 26,381 28,398
Allowance for bad and doubtful debts 1,893 2,746 0 0
Total trade receivables 26,381 28,398 26,381 28,398
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Total trade receivables due by
0 0
directors, other officers or others
Details of trade receivables due by firms
or companies in which any director is
partner or director [Abstract]
Trade receivables due by firms in
0 0
which any director is partner
Trade receivables due by private
companies in which any director is 0 0
director
Trade receivables due by private
companies in which any director is 0 0
member
Total trade receivables due by
firms or companies in which any 0 0
director is partner or director

Subclassification of trade receivables [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of assets based on security [Axis] Doubtful [Member]
31/03/2020 31/03/2019
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 1,893 2,746
Allowance for bad and doubtful debts 1,893 2,746
Total trade receivables 0 0
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Total trade receivables due by directors, other officers or others 0 0
Details of trade receivables due by firms or companies in which any
director is partner or director [Abstract]
Trade receivables due by firms in which any director is partner 0 0
Trade receivables due by private companies in which any director is director 0 0
Trade receivables due by private companies in which any director is member 0 0
Total trade receivables due by firms or companies in which any director
0 0
is partner or director

186
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of subclassification and notes on liabilities and assets Textual information (18)
explanatory [TextBlock] [See below]
Textual information (19)
Disclosure of notes on trade receivables explanatory [TextBlock] [See below]
Advances, non-current (A) 9,982 (B) 3,936
Total other non-current assets (C) 48,607 (D) 48,381
Textual information (20)
Disclosure of inventories Explanatory [TextBlock] [See below]
Textual information (21)
Disclosure of notes on cash and bank balances explanatory [TextBlock] [See below]
Fixed deposits with banks 0 0

Other deposits with banks (E) 1,46,725 (F) 23,973

Other balances with banks (G) 2,652 (H) 909
Total balance with banks 1,49,377 24,882
Cheques, drafts on hand 0 46
Cash on hand 0 93
Total cash and cash equivalents 1,49,377 25,021
Bank balance other than cash and cash equivalents 2 2
Total cash and bank balances 1,49,379 25,023
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than 12 months maturity 0 0
Total other current financial assets 0 290

Advances, current (I) 10,192 (J) 25,483

Total other current assets 10,192 25,483

Total other non-current financial liabilities (K) 17,416 (L) 10,285

Textual information (22)
Disclosure of notes on provisions explanatory [TextBlock] [See below]
Textual information (23) Textual information (24)
Nature of other provisions [See below] [See below]
Interest accrued on borrowings 0 0
Interest accrued on public deposits 0 0
Interest accrued others 0 0
Unpaid dividends 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Debentures claimed but not paid 0 0
Public deposit payable, current 0 0

Total other current financial liabilities (M) 10,671 (N) 4,031

Advance received from customers 2,558 1,397
Total other advance 2,558 1,397
Current liabilities portion of share application money pending
0 0
allotment
Total other current liabilities 5,697 22,067

187
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Capital advances 6519
Balances with government authorities 712
Prepaid expenses 2751
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) 0

(B)
Particulars 2018-19
Capital advances 2276
Balances with government authorities 712
Prepaid expenses 955
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) -7

(C)
Particulars 2019-20
Other non-current assets 34808
Non current tax assets (net) 13799

(D)
Particulars 2018-19
Other non-current assets 25922
Non current tax assets (net) 22459

(E)
Particulars 2019-20
- Term deposits with original maturity of less than three months 146725

(F)
Particulars 2018-19
- Term deposits with original maturity of less than three months 23973

(G)
Particulars 2019-20
- in current accounts 2652

(H)
Particulars 2018-19
- in current accounts 909

(I)
Particulars 2019-20
Prepaid expenses and other advances 3972
Balance with government authorities 4891
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) 0
Advances to suppliers 1329

(J)
Particulars 2018-19
Prepaid expenses and other advances 4689
Balance with government authorities 19516
Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) -570
Advances to suppliers 1848

(K)

188
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Particulars 2019-20
Lease liabilities 16909
Other financial liabilities 507

(L)
Particulars 2018-19
Lease liabilities 9897
Other financial liabilities 388

(M)
Particulars 2019-20
Lease liabilities 9224
Other financial liabilities 1447

(N)
Particulars 2018-19
Lease liabilities 3424
Other financial liabilities 607

189
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (18)

Disclosure of subclassification and notes on liabilities and assets explanatory [Text Block]

Note 16a: Assets of disposal group classified as held for sale (1) (2) (3)

Particulars As at 3/31/2020 As at 3/31/2019

Property, plant and equipment - 139,351

Capital work in progress - 2,850

Inventories - 14,243

Right of use asset

Gross value (refer note 46)

Less: provision for penalty (refer note 46) 3,857 -

Current loans - Security deposit - 157

Non current Investments (refer note 46)(2) 1,003 -

Non current loans-Security deposits - 1,982

Other current assets - 570

Other non current assets - 7

4,860 159,160

Note 16b: Liabilities of a disposal group classified as held for sale

Particulars As at 3/31/2020 As at 3/31/2019

Trade payables - 2,471

Non current- Other financial liability - Distributor deposit - 1,873

Provision - current - 4,604

- 8,948

1. During the year ended 31 March 2019, the management of the Company, pursuant to a Business Transfer Agreement dated
18 February 2019, divested on a going concern slump sale basis its undertakings(s) located in South and West territory of India
engaged in the manufacturing, marketing, distribution and selling of soft drink beverages and syrup mix to Varun Beverages
Limited on 1 May 2019 and 31 May 2019 respectively. The management has, accordingly, classified the assets and liabilities to
be transferred under this agreement, as asset/liability held for sale. (refer note : 49)

190
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

2. During the year ended 31 March 2020, the Company parsuant to the term sheet dated 20 March 2020, agreed to sell its
Investment in Joint Venture ('JV') (NourishCo Beverages Limited) to TATA Consumer Products Limited for a consideration of
Rs.1,300 for sale of shares in JV and Rs. 1,600 for relinquishing its' right in trademark and have executed the agreement on 18
May 2020 viz. the effective transfer date. The management has, accordingly, classified the investments as held for sale
amounting Rs 1103. (refer note 46)

3.The Company had acquired a land on lease from Karnataka Industrial Areas Development Board ('the Board') via lease deed
dated 11 May 2017 for a considerations of Rs. 4,764 for a period of 99 years (Net Book Value as on 31 March 2020 is Rs.
4,577). During the year, the Company has decided to voluntarily surrender the land and recorded an impairment loss on the
cancellation of lease deed amounting to Rs. 720 . Subsequent to the year end, the Company has initiated the process to
surrender the allotted land to the Board. Accordingly, the management has classified the land as held for sale. (refer note 46)

Note 19a: Lease liabilities

Particulars As at 3/31/2020 As at 3/31/2019

(Unsecured)

Long-term maturities of Lease liabilities(1) 16,909 9,897

16,909 9,897

1. Refer note 43 for details with respect to repayment of lease liabilities.

Note 19b: Lease liabilities

Particulars As at 3/31/2020 As at 3/31/2019

(Unsecured)

Short-term maturities of Lease liabilities(1) 9,224 3,424

9,224 3,424

1. Refer note 43 for details with respect to repayment of lease liabilities.

Note 21: Trade payables

Particulars As at 3/31/2020 As at 3/31/2019

Trade payables

- total outstanding dues of micro enterprises and small enterprises (see note below) 1839 3257

- total outstanding dues of creditors other than micro enterprises and small enterprises 91827 105640

Less: Reclassified as liabilities of a disposal group classified as held for sale (refer: note 16b) - (2471)

93,666 106,426

191
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Note: Details of dues of Micro and Small enterprises as defined in Micro, Small and Medium Enterprises Development Act,
2006, to the extent the Company has received intimation from the 'Supplier' regarding their status under the Act.

As at
Particulars As at 3/31/2019
3/31/2020

(i) the principal amount and the interest due thereon (to be shown separately) remaining unpaid to
1,774 3,172
any supplier as at the end of accounting year - Principal amount remaining unpaid, and

Interest accrued and remaining unpaid 7 6

(ii) the amount of interest paid by the buyer under Micro, Small and Medium Enterprises
Development Act, 2006 along with the amounts of the payment made to the supplier beyond the -
-
appointed day during each accounting year;

(iii) the amount of interest due and payable for the period (where the principal has been paid but
- -
interest under the Micro, Small and Medium Enterprises Development Act, 2006 not paid);

(iv) The amount of interest accrued and remaining unpaid at the end of accounting year; and 58 79

(v) The amount of further interest due and payable even in the succeeding year, until such date
when the interest dues as above are actually paid to the small enterprise, for the purpose of - -
disallowance as a deductible expenditure under section 23.

192
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (19)

Disclosure of notes on trade receivables explanatory [Text Block]

Note 11: Trade receivables

Particulars As at 3/31/2020 As at 3/31/2019

Considered good - unsecured (1) 26381 28398

Considered good - credit impaired (1) (2) 1893 2746

28274 31144

Less: Loss allowance (1893) (2746)

Total receivables 26381 28398

1. Includes trade receivables from related parties as mentioned below:

Particulars As at 3/31/2020 As at 3/31/2019

Trade receivables from related parties(3) 19,595 8,539

19,595 8,539

2. Refer note 37 for information about credit risk and market risk of trade receivables

3. For terms and conditions of trade receivables owing from related parties, refer note 38

193
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (20)

Disclosure of inventories Explanatory [Text Block]

Note 10: Inventories

Particulars As at 3/31/2020 As at 3/31/2019

(Valued at the lower of cost or net realisable value)

Raw materials (in transit Rs. 2,160 ; 31 March 2019: Rs.1,162)(1) 49,104 37,636

Packing material 2,355 6,078

Work in progress - 66

Finished goods (in transit Rs. 5,349 ; 31 March 2019: Rs. 2,402 )(2) 18,635 12,632

Valued at cost

Stores and spares 4,476 9,233

Less: Reclassified as asset of disposal group classified as held for sale (refer note 16a) - -14,243

74,570 51,402

1. Includes amount of Rs. 6,443 as at 31 March 2019 and Nil as at 31 March 2020 with respect to concentrate / semi finished
goods held for trading and manufacturing purposes.

2. The segregation of finished goods inventory between own manufactured and traded goods cannot be ascertained.

3. The cost of inventories recognised as an expense during the year in respect of continuing operations is Rs. 285,534 (31 March
2019 - Rs. 323,195)

4. Amount of all losses of inventory is included in other expense under caption "Inventory loss / inventory written off".

194
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (21)

Disclosure of notes on cash and bank balances explanatory [Text Block]

Note 12: Cash and cash equivalents

Particulars As at 3/31/2020 As at 3/31/2019

Balances with banks

- in current accounts 2,652 909

- Term deposits with original maturity of less than three months 146,725 23,973

Cheques, drafts on hand - 46

Cash on hand - 93

149,377 25,021

Note 13: Other bank balances

Particulars As at 3/31/2020 As at 3/31/2019

Deposits (pledged with government authorities) 2 2

2 2

195
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (22)

Disclosure of notes on provisions explanatory [Text Block]

Note 23: Provisions

As at As at
Particulars
3/31/2020 3/31/2019

Current Non-current Current Non-current

Provision for employee benefits (refer note 40)

Gratuity 926 10,134 4,700 7,316

Compensated absences 423 1,581 1,272 1,253

Bonus 2,200 767 8,653 841

Provident Fund 1,523 - 521 -

Less: Reclassified as liabilities of a disposal group classified as held for sale

- - (4,604) -
(refer: note 16b)

Other provisions

Contingencies 42,584 - 41,892 -

47,656 12,482 52,434 9,410

Movement in Other provisions

Provision for
Particulars
contingencies

Indirect Local / municipal and other

Market fees1 Stales2 Total
taxes3 demands4

Balance as at 1 April 2018 49 1550 29354 7117 38070

Provisions made during the year 68 - 7262 1345 8675

Provisions utilised / reversed during the

- (105) (3609) (1139) (4853)
year

Balance as at 31 March 2019 117 1445 33007 7323 41892

196
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Provisions made during the year 10 198 2692 1499 4399

Provisions utilised / reversed during the

- - (2672) (1035) (3707)
year

Balance as at 31 March 2020 127 1643 33027 7787 42584

1. Provision for market fees relates to possible liability for payment of market fees on sale, purchase and stock transfer of raw
materials (potatoes) from / to the State of Punjab.

2. Provision for stales relates to claims for possible replacement / exchange of the products sold from retailers and stockists.

3. Provision related to indirect taxes are in respect of proceedings for various indirect tax related matters.

4. Provision for local/ municipal and other demands from suppliers / customers and local authorities.

Textual information (23)

Nature of other provisions

Market fees Stales Indirect taxes Local / municipal and other demands

Textual information (24)

Nature of other provisions

Market fees Stales Indirect taxes Local / municipal and other demands

197
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[401200] Notes - Additional disclosures on balance sheet

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (25)
Disclosure of additional balance sheet notes explanatory [TextBlock] [See below]
Additional balance sheet notes [Abstract]
Contingent liabilities and commitments [Abstract]
Classification of contingent liabilities [Abstract]
Other money for which company is contingently liable (A) 2,78,120 (B) 2,65,899
Total contingent liabilities 2,78,120 2,65,899
Classification of commitments [Abstract]
Estimated amount of contracts remaining to be executed on
capital account and not provided for (C) 53,989 (D) 28,656
Total commitments 53,989 28,656
Total contingent liabilities and commitments 3,32,109 2,94,555
Details regarding dividends [Abstract]
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Details of deposits [Abstract]
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Details of share application money received and paid [Abstract]
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Share application money received and due for refund 0 0
Details regarding cost records and cost audit[Abstract]
Details regarding cost records [Abstract]
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No No
2014
Net worth of company 3,54,707 3,11,567
Details of unclaimed liabilities [Abstract]
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Financial parameters balance sheet items [Abstract]
Investment in subsidiary companies 0 0
Investment in government companies 0 0
Amount due for transfer to investor education and protection fund
0 0
(IEPF)
Gross value of transactions with related parties 0 0
Number of warrants converted into equity shares during period [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0

198
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Excise, Service tax and custom matters 52548
Sales tax matters 59331
Income tax matters 166241

(B)
Particulars 2018-19
Excise, Service tax and custom matters 51150
Sales tax matters 62460
Income tax matters 152289

(C)
Particulars 2019-20
Property, plant and equipment (net of advances) 46090
Advertisement & marketing commitments 7899

(D)
Particulars 2018-19
Property, plant and equipment (net of advances) 24929
Advertisement & marketing commitments 3727

199
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (25)

Disclosure of additional balance sheet notes explanatory [Text Block]

Note 33: Reconciliation of liabilities arising from financing activities pursuant to Ind AS 7 - Cash flows

The changes in the Companys liabilities arising from financing activities can be classified as follows:

Particulars Non-current borrowings Current borrowings

As at 1 April 2018 16357 10000

Cash adjustments

Cash outflows (3897) (10000)

Interest paid - (42)

Interest accruals/expense - 42

Unwinding of interest on lease liability 861 -

As at 31 March 2019 13321 -

Cash adjustments

Cash outflows (12109) -

Non-cash adjustments 21761 -

Unwinding of interest on lease liability 3160 -

As at 31 March 2020 26133 -

Note 36: Capital management

The Group manages its capital so as to safeguard its ability to continue as a going concern and to optimise returns to it's
shareholders. The capital structure of the Group is based on managements judgement of its strategic and day-to-day needs with
a focus on total equity so as to maintain investor, creditors and market confidence.

The Group monitors capital using a ratio of Net Debt to Total Equity. For this purpose, Net Debt is defined as total liabilities less
cash and cash equivalents. Total equity comprises of equity share capital and other equity.

During the financial year ended 31 March 2020, no significant changes were made in the objectives, policies or processes
relating to the management of the Groups capital structure.

The Company's Net Debt to Total Equity ratio is as follows:

Particulars As at 3/31/2020 As at 3/31/2019

200
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Total liabilities 187,588 213,600

Less: Cash and cash equivalents (149,377) (25,021)

Net debt 38,211 188,579

Equity share capital 369,499 369,499

Other equity (14,792) (57,932)

Total Equity 354,707 311,567

Net Debt to Total Equity ratio 0.11 0.61

Note 46: Events occurring after the Balance sheet date

As at 24 August 2020, the date of approval for issue of financial statements by the Board of Directors, the Company has no
subsequent event which warrant a modification in the value of assets and liabilities.

During the year ended 31 March 2020, the Holding Company parsuant to the term sheet dated 20 March 2020, agreed to sell its
Investment in Joint Venture (NourishCo Beverages Limited) to TATA Consumer Products Limited for a consideration of Rs.2,900
and have executed the agreement for same of the same on as 18 May 2020 viz. the effective transfer date. The management
has, accordingly, classified the investments as held for sale amounting Rs 1,003.

Further, the Holding company has acquired a Land on lease from Karnataka Industrial Areas Development Board ('the Board')
via lease deed dated 11 May 2017 for a considerations of Rs. 4,764 for a period of 99 years. During the year, the company has
represented the development board to cancel the lease deed and return the allotted land to the Board. Accordingly, the
management has booked an impairment loss on the cancellation of lease deed amounting to Rs. 720 and have classified the
land as "Held for sale".

Note 47: Transfer pricing

The Group has a comprehensive system of maintenance of information and documents as required by the Transfer Pricing
legislation under Section 92-92F of the Income-tax Act, 1961. As the law requires existence of such information and
documentation to be contemporaneous in nature, the group, for the current financial year, expects such records to be in
existence latest by the date of filing the income tax return as required under the law. The management is of the opinion that its
international and domestic transactions are at arm's length so that the aforesaid legislation will not have any impact on the
financial statements, particularly on the amount of tax expense and that of provision for taxation.

Note 48: Investment in bottlers

The holding company had made investments in certain Bottlers companies in the form of equity and preference shares in
accordance with the terms of the Shareholders Agreement.

In respect of the Investment in redeemable Preference Shares of Pearl Drinks Limited, Pearl Bottling Private Limited and Pearl
Beverages Limited, aggregating to Rs. 5,688 were due for redemption by March 2011. Out of the total due, Rs.4,722 were
redeemed in 2010-11. The holding company does not expect to recover any further amount from these investments. Hence, an
impairment allowance was recorded in the earlier years.

In respect of the Investment in Preference Shares of SMV Beverages Ltd aggregating Rs. 4,063 were due for redemption by
March 2011. Till 31 March 2014, preference shares aggregating to Rs. 2,222 were redeemed at a premium of Rs. 1,778. The
gain on sale of investment was recognized in the statement of profit and loss account when it was redeemed.

Note 49: Sale of Beverage Division to Varun Beverages Limited

201
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

During the year ended 31 March 2019, the management of the Holding Company, pursuant to a Business Transfer Agreement
dated 18 February 2019, divested on a going concern slump sale basis its undertakings(s) located in South and West territory of
India engaged in the manufacturing, marketing, distribution and selling of soft drink beverages and syrup mix to Varun Beverages
Limited on 01 May 2019 and 31 May 2019 respectively viz. the effective transfer date.

Accordingly during the year Company has sold its Assets and Liabilities (Classified as held-for-sale as on 31st March 2019) and
have earned profit of Rs. 9,054 which has been disclosed as an exceptional item in statement of profit and loss

Note 50: World Health Organization (WHO) declared outbreak of Corona virus disease (COVID-19) a global pandemic.
COVID-19 continues to spread across the globe including India, which has contributed to a significant decline and volatility in
global and Indian financial markets and a significant decrease in global and local economic activities. In view of the highly
uncertain economic environment, the extent to which the COVID-19 pandemic will impact the business of the Group depends
upon future developments that cannot be predicted reliably at this stage.

However, based on the preliminary estimates, the Group does not foresee any significant incremental risk to the recoverability of
its assets or in meeting its financial obligations over the foreseeable future, given early and required steps taken to contain,
protect and mitigate the exposure. Pursuant to the relaxed guidelines, the Group has also resumed its operations. Since the
situation is continuously evolving, the impact assessed in future may be different from the estimates made as at the date of
approval of these financial statement. The Group will continue to closely monitor any material changes arising due to the impact
of this pandemic/future economic conditions impacting the financial and operational performance of the Group and take
necessary measures to address the situation.

[611800] Notes - Revenue

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019
to
31/03/2020
Textual information (26)
Disclosure of revenue [TextBlock] [See below]

202
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (26)

Disclosure of revenue [Text Block]

a) Sale of goods:

Revenue from sale of products is recognised when control of products being sold is transferred to customer and when there are
no longer any unfulfilled obligations. The performance obligations in contracts are considered as fulfilled in accordance with the
terms agreed with the respective customers.

Revenue is measured at fair value of the consideration received or receivable and are accounted for net of returns, rebates and
trade discount. Sales, as disclosed, are exclusive of goods and services tax.

The Group considers the terms of the contract and its customary business practices to determine the transaction price. The
transaction price is the amount of consideration to which the Group expects to be entitled in exchange for transferring promised
goods to a customer, excluding amounts collected on behalf of third parties (for example taxes collected on behalf of
government). The consideration promised in a contract with a customer may include fixed consideration, variable consideration (if
reversal is less likely in future), or both.

The transaction price is allocated by the Group to each performance obligation in an amount that depicts the amount of
consideration to which it expects to be entitled in exchange for transferring the promised goods to the customer.

For each performance obligation identified, the Group determines at contract inception whether it satisfies the performance
obligation over time or satisfies the performance obligation at a point in time.

When either party to a contract has performed its obligation, an entity shall present the contract in the balance sheet as a
contract asset or a contract liability, depending on the relationship between the entity’s performance and the customer’s
payment.

b) Rendering of services:

Revenue from services is recognised in the accounting period in which the services are rendered on the basis of service
agreements.

c) Interest income:

Interest income or expense is recognised using the effective interest method.

The ‘effective interest rate’ is the rate that exactly discounts estimated future cash payments or receipts through the expected life
of the financial instrument to:

- the gross carrying amount of the financial asset; or

- the amortised cost of the financial liability.

d) Royalty:

Royalty income is recognised on the terms of the underlying agreement.

203
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[612400] Notes - Service concession arrangements

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of service concession arrangements [TextBlock]
Whether there are any service concession arrangments No No

[612000] Notes - Construction contracts

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of notes on construction contracts [TextBlock]
Whether there are any construction contracts Yes Yes

Revenue from construction contracts (A) 5,24,288 (B) 6,07,695

Textual information (27) Textual information (28)
Methods used to determine construction contract revenue recognised [See below] [See below]
Textual information (29) Textual information (30)
Methods used to determine stage of completion of construction in progress [See below] [See below]
Costs incurred and recognised profits (less recognised losses) (C) -1,893 (D) -2,746
Advances received for contracts in progress 2,558 1,397
Retention for contracts in progress 0 0
Gross amount due from customers for contract work as Assets 28,274 31,144

Gross amount due to customers for contract work as liability (E) 2,558 (F) 1,397
Progress billings 0 0

204
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Contracted Price 613091
Less : Trade discounts, volume rebates, etc. -88803

(B)
Particulars 2018-19
Contracted Price 750350
Less : Trade discounts, volume rebates, etc. -142655

(C)
Particulars 2019-20
Less : Loss allowance -1893

(D)
Particulars 2018-19
Less : Loss allowance -2746

(E)
Particulars 2019-20
Opening balance 1397
Addition during the year 2558
Revenue recognised during the year -1397

(F)
Particulars 2018-19
Opening balance 1731
Addition during the year 1397
Revenue recognised during the year -1731

Textual information (27)

Methods used to determine construction contract revenue recognised

The Company has disaggregated the revenue from contracts with customers on the basis of nature of products into snacks and beverages business.
The Company believes that the disaggregation of revenue on the basis of nature of products have no impact on the nature, amount, timing and
uncertainty of revenue and cash flows.

Textual information (28)

Methods used to determine construction contract revenue recognised

The Company has disaggregated the revenue from contracts with customers on the basis of nature of products into snacks and beverages business.
The Company believes that the disaggregation of revenue on the basis of nature of products have no impact on the nature, amount, timing and
uncertainty of revenue and cash flows.

205
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (29)

Methods used to determine stage of completion of construction in progress

The Company has disaggregated the revenue from contracts with customers on the basis of nature of products into snacks and beverages business.
The Company believes that the disaggregation of revenue on the basis of nature of products have no impact on the nature, amount, timing and
uncertainty of revenue and cash flows.

Textual information (30)

Methods used to determine stage of completion of construction in progress

The Company has disaggregated the revenue from contracts with customers on the basis of nature of products into snacks and beverages business.
The Company believes that the disaggregation of revenue on the basis of nature of products have no impact on the nature, amount, timing and
uncertainty of revenue and cash flows.

[612600] Notes - Employee benefits

Disclosure of defined benefit plans [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Defined benefit plans categories [Axis] 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of defined benefit plans [Abstract]
Disclosure of defined benefit plans [Line items]
Description of type of plan Gratuity Gratuity
Surplus (deficit) in plan [Abstract]
Defined benefit obligation, at present value 11,060 8,516
Plan assets, at fair value 0 0
Net surplus (deficit) in plan -11,060 -8,516
Actuarial assumption of discount rates 6.25% 6.90%
Actuarial assumption of expected rates of salary increases 9.00% 10.00%

206
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of net defined benefit liability (assets) [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Present value of
defined benefit
Net defined benefit liability (assets) [Axis] Net defined benefit liability (assets) [Member]
obligation
[Member]
Defined benefit plans categories [Axis] 1 1
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of net defined benefit liability
(assets) [Abstract]
Disclosure of net defined benefit liability
(assets) [Line items]
Description of type of plan Refer to child member Refer to child member Gratuity
Changes in net defined benefit liability
(assets) [Abstract]
Current service cost, net defined
813 922 813
benefit liability (assets)
Interest expense (income), net defined
624 740 624
benefit liability (assets)
Gain (loss) on remeasurement, net
defined benefit liability (assets)
[Abstract]
Actuarial losses (gains) arising from
changes in demographic assumptions,
-765 -1,251 -765
net defined benefit liability
(assets)
Actuarial losses (gains) arising from
changes in financial assumptions, net -1,606 -420 -1,606
defined benefit liability (assets)
Loss (gain) on changes in effect of
limiting net defined benefit
assets to assets ceiling, net -270 -162 -270
defined benefit liability
(assets)
Total loss (gain) on
remeasurement, net defined -2,641 -1,833 -2,641
benefit liability (assets)
Contributions to plan, net defined
benefit liability (assets) [Abstract]
Contributions to plan by employer,
net defined benefit liability 0 3,498 0
(assets)
Total contributions to plan, net
0 3,498 0
defined benefit liability (assets)
Payments from plan, net defined benefit
1,931 1,624 1,931
liability (assets)
Increase (decrease) through other
changes, net defined benefit 397 0 397
liability (assets)
Total increase (decrease) in net
2,544 -1,627 2,544
defined benefit liability (assets)
Net defined benefit liability (assets) at
11,060 8,516 10,143 11,060
end of period

207
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of net defined benefit liability (assets) [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Present value of defined benefit
Net defined benefit liability (assets) [Axis] Plan assets [Member]
obligation [Member]
Defined benefit plans categories [Axis] 1 1
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of net defined benefit liability
(assets) [Abstract]
Disclosure of net defined benefit liability
(assets) [Line items]
Description of type of plan Gratuity Gratuity Gratuity
Changes in net defined benefit liability
(assets) [Abstract]
Current service cost, net defined
922
benefit liability (assets)
Interest expense (income), net defined
740
benefit liability (assets)
Gain (loss) on remeasurement, net
defined benefit liability (assets)
[Abstract]
Actuarial losses (gains) arising from
changes in demographic assumptions,
-1,251
net defined benefit liability
(assets)
Actuarial losses (gains) arising from
changes in financial assumptions, net -420
defined benefit liability (assets)
Loss (gain) on changes in effect of
limiting net defined benefit
assets to assets ceiling, net -162
defined benefit liability
(assets)
Total loss (gain) on
remeasurement, net defined -1,833
benefit liability (assets)
Contributions to plan, net defined
benefit liability (assets) [Abstract]
Contributions to plan by employer,
net defined benefit liability 3,498
(assets)
Total contributions to plan, net
3,498
defined benefit liability (assets)
Payments from plan, net defined benefit
1,624
liability (assets)
Increase (decrease) through other
changes, net defined benefit 0
liability (assets)
Total increase (decrease) in net
-1,627 0 0
defined benefit liability (assets)
Net defined benefit liability (assets) at
8,516 10,143 0 0
end of period

Disclosure of net defined benefit liability (assets) [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Domestic defined
Defined benefit plans [Axis] benefit plans
[Member]
Plan assets
Net defined benefit liability (assets) [Axis]
[Member]
Defined benefit plans categories [Axis] 1
31/03/2018
Disclosure of net defined benefit liability (assets) [Abstract]
Disclosure of net defined benefit liability (assets) [Line items]
Net defined benefit liability (assets) at end of period 0

208
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (31)
Disclosure of employee benefits [TextBlock] [See below]
Disclosure of defined benefit plans [TextBlock]
Whether there are any defined benefit plans Yes Yes
Disclosure of net defined benefit liability (assets) [TextBlock]

209
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (31)

Disclosure of employee benefits [Text Block]

Note 40: Employee Benefits

Defined contribution plans

The Group makes contributions, determined as a specified percentage of employee salaries, in respect of qualifying employees
towards Provident Fund and Superannuation fund, which is a defined contribution plan. The company has no obligations other
than to make the specified contributions. The contributions are charged to the Statement of Profit and Loss as they accrue. The
amount recognised as an expense towards contribution to Provident Fund and Superannuation Fund for the year aggregated to
Rs. 2,400 (31 March 2019: Rs. 2,938)

Defined benefit plans

(i) Contributions to provident fund

In respect of certain employees, provident fund contributions are made to a trust administered by the Company. The interest rate
payable to the members of the trust shall not be lower than the statutory rate of interest declared by the Central Government
under the Employees Provident Funds and Miscellaneous Provisions Act, 1952 and shortfall, if any, shall be made good by the
Company. The liability in respect of the shortfall of interest earnings of the Fund is determined on the basis of an actuarial
valuation.

The paragraph 29 of Ind AS 19 Employee Benefits states that Provident Funds set up by employers that guarantee a specified
rate of return and which require interest shortfall to be met by the employer would be defined benefit plans in accordance with the
requirements of paragraph 30(a) of Ind AS 19. Pursuant to the aforementioned, the Company has accounted for the liability in
respect of the shortfall of interest earnings of Provident Fund aggregating Rs.1,523 (31 March 2019 : Rs 521) determined on the
basis of an actuarial valuation carried out as at Balance Sheet date.

Particulars As at 3/31/2020 As at 3/31/2019

Present value of obligation 31206 30601

Fair value of plan assets 29682 30080

Net liability (1523) (521)

(ii) Gratuity

Gratuity is payable to all eligible employees of the Group on retirement or separation from the Group.

The following table sets out the status of the defined benefit plan as required under IND AS 19 - Employee Benefits:

(a) Changes in present value of defined benefit obligation:

Particulars Present value of obligation

Balance as at 1 April 2018 10143

210
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Current service cost 922

Interest expense 740

Total amount recognised in statement of profit or loss 1662

Remeasurements

(Gain) from change in demographic assumptions 1251

Loss from change in financial assumptions 420

Experience Losses 162

Total amount recognised in Statement of other comprehensive income 1833

Employer contributions (3498)

Benefit payments (1624)

Balance as at 31 March 2019 8516

Current service cost 813

Interest expense 624

Total amount recognised in statement of profit or loss 1437

Remeasurements

Loss from change in demographic assumptions 765

Loss from change in financial assumptions 1606

Experience Losses 270

Total amount recognised in Statement of other comprehensive income 2641

Acquistion Adjustment 397

Benefit payments (1931)

Balance as at 31 March 2020 11060

Current portion of defined benefit obligation 926

Non-current portion of defined benefit obligation 10,134

11,060

As the Group does not have any gratuity fund, the disclosures with respect to plan assets are not applicable.

The Group has a defined benefit gratuity plan in India, governed by the Payment of Gratuity Act, 1972. Plan entitles an

211
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

employee, who has rendered at least five years of continuous service, to gratuity at the rate of fifteen days wages for every
completed year of service or part thereof in excess of six months, based on the rate of wages last drawn by the employee
concerned.

(b) Assumptions:

1. Economic assumptions

Particulars As at 3/31/2020 As at 3/31/2019

Discount rate 6.25% 6.90%

Salary growth rate:

- Executive employees 9.00% 10.00%

- Non- executive employees

Upto 2 years 13.00% 12.00%

Above 2 years 13.00% 10.00%

The discount rate is based on the prevailing market yields of Indian government securities as at the balance sheet date for the
estimated term of the obligations.

The salary escalation rate is based on estimates of salary increases, which takes into account inflation, promotion and other
relevant factors.

2. Demographic assumptions:

Particulars As at 3/31/2020 As at 3/31/2019

Retirement age 60 Years 60 Years

Withdrawal rate, based on age

Upto 44 years

- Executive employees 15.00% 21.00%

- Non-executive employees 0.13% 1.00%

Above 44 years

- Executive employees 8.00% 15.00%

- Non-executive employees 0.00% 1.00%

Mortality rate Indian Assured Lives Mortality (2012-14) Indian Assured Lives Mortality (2006-08)

212
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

(c) Sensitivity analysis

Reasonably possible changes at the reporting date to one of the relevant actuarial assumptions, holding other assumptions
constant, would have affected the defined benefit obligation by the amounts shown below.

Impact on defined benefit

obligation

Increase in Decrease in
Particulars Change in assumption
assumption assumption

As at As at As at
As at 3/31/2020 As at 3/31/2020 As at 3/31/2020
3/31/2019 3/31/2019 3/31/2019

Discount rate 1% 1% (1281) (649) 1561 770

1% 1% 828 744 (942) (646)

Salary growth
rate

Attrition rate 50% 50% (367) (404) 598 752

Mortality rate 10% 10% (13) (4) 13 4

Although the analysis does not take account of the full distribution of cash flows expected under the plan, it does provide an
approximation of the sensitivity of the assumptions shown.

(d) The weighted average duration

The weighted average duration of the defined benefit obligation is 5 years (31 March 2019 5 years). The expected maturity
analysis of undiscounted gratuity is as follows:

Particulars 1 year 2 - 5 years 6 - 10 years More than 10 years Total

31-Mar-20

Defined benefit obligation 926 2,490 3,419 22,852 29,687

926 2,490 3,419 22,852 29,687

31-Mar-19

Defined benefit obligation 1,539 3,567 3,168 10,830 19,104

Total 1,539 3,567 3,168 10,830 19,104

Detailed information to the extent provided by the actuary in the actuarial certificate has been included in the disclosure given
above.

213
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[612800] Notes - Borrowing costs

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of borrowing costs [TextBlock]
Whether any borrowing costs has been capitalised during the year No No

[612200] Notes - Leases

Disclosure of finance lease and operating lease by lessee [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Later than one year and not later than
Maturity [Axis] Not later than one year [Member]
five years [Member]
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of finance lease and operating lease by
lessee [Abstract]
Disclosure of finance lease and operating lease
by lessee [Line items]
Minimum finance lease payments payable 9,224 3,424 14,936 7,956
Future finance charge on finance lease 11,380 5,269 19,153 12,431
Minimum lease payments payable under
2,156 1,845 4,217 4,475
non-cancellable operating lease

Disclosure of finance lease and operating lease by lessee [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Maturity [Axis] Later than five years [Member]
31/03/2020 31/03/2019
Disclosure of finance lease and operating lease by lessee [Abstract]
Disclosure of finance lease and operating lease by lessee [Line items]
Minimum finance lease payments payable 1,973 1,941
Future finance charge on finance lease 2,457 3,236
Minimum lease payments payable under non-cancellable operating lease 484 1,295

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (32)
Disclosure of leases [TextBlock] [See below]
Whether company has entered into any lease agreement Yes Yes
Disclosure of finance lease and operating lease by lessee [TextBlock]
Whether any operating lease has been converted to financial lease or
No No
vice-versa

214
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (32)

Disclosure of leases [Text Block]

Note 43: Leases

The Group has adopted Ind AS 116 'Leases' from 1 April 2019, which resulted in changes in accounting policies in the
standalone financial statements.

Ind AS 116 ‘Leases’ replaces Ind AS 17 ‘Leases’ along with three Interpretations (Appendix A ‘Operating Leases-Incentives’,
Appendix B ‘Evaluating the Substance of Transactions Involving the Legal Form of a Lease’ and Appendix C ‘Determining
whether an Arrangement contains a Lease’). The Group has used the ‘Modified Retrospective Approach’ for transitioning to Ind
AS 116, and taken the cumulative adjustment to retained earnings, on the date of initial application (1 April 2019). Accordingly,
comparatives for the year ended 31 March 2019 have not be retrospectively adjusted.

For contracts in place at the date of initial application, the Group has elected to apply the definition of a lease from Ind AS 17 and
Appendix C and has not applied Ind AS 116 to arrangements that were previously not identified as lease under Ind AS 17 and
Appendix C.

On adoption of Ind AS 116, the Group recognised lease liabilities and right of use assets in relation to leases which had
previously been classified as ‘operating leases’ under the principles of Ind AS 17 "Leases", except for those identified as
low-value or having a remaining lease term of less than 12 months from the date of initial application. On transition, for leases
previously accounted for as operating leases with a remaining lease term of less than 12 months and for leases of low-value
assets the Group has applied the optional exemptions to not recognise right-of-use assets but to account for the lease expense
on a straightline basis over the remaining lease term.

Lease liabilities are measured at the present value of the lease payments, discounted using the lessee’s incremental borrowing
rate as of 1 April 2019. The weighted average lessee’s incremental borrowing rate applied to the lease liabilities on 1 April 2019
was ranging from 6.85% - 11.2% basis the tenure of lease.

The Group has elected not to include initial direct costs in the measurement of the right-of-use asset for operating leases in
existence at the date of initial application of Ind AS 116, being 01 April 2019. Also, the Group has benefited from the use of
hindsight for determining the lease term when considering options to extend and terminate leases.

Instead of performing an impairment review on the right-of-use assets at the date of initial application, the Group has relied on its
historic assessment as to whether leases were onerous immediately before the date of initial application of Ind AS 116.

i) The following is a reconciliation of the financial statement line items from Ind AS 17 to Ind AS 116 as at 1 April 2019:

(Rs. in lakhs)

Carrying amount Ind AS 116 carrying amount

Remeasurement
at at

31-Mar-19 1-Apr-19

Right-of-use assets - 43073 43073

Property, plant & equipment- Leasehold land 5441 (5441) -

Property, plant & equipment- Under Finance Lease

12875 (12875) -
Obligation

215
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Lease liabilities (13321) (26277) (39598)

Retained earnings (33606) (988) (34594)

Other non-current assets- Prepaid expenses 955 (407) 548

Total (27656) (2915) (30571)

The following is a reconciliation of total operating lease commitments at 31 March 2019 (as disclosed in the financial
ii)
statements to 31 March 2019) to the lease liabilities recognised at 1 April 2019:

(Rs. in Lakhs)

Particulars Amount

Total operating lease commitments disclosed at 31 March 2019 17,972

Recognition exemptions:

• Leases with remaining lease term of less than 12 months (99)

Operating Lease liability before discounting 17873

Discounted using incremental borrowing rate (2080)

Operating lease liabilities 15793

Reasonabily certain extention options 10484

Total Finance Lease obligation as on 31 March 2019 (Refer Note 19 (a) and 19 (b)) 13321

Total lease liabilities recognised under Ind AS 116 at 1 April 2019 39598

The net impact on retained earnings on 1 April 2019 was a decrease of Rs. (988) (net of adjustment of deferred tax).

iii) Lease liabilities are presented in the balance sheet as follows: (Rs. in Lakhs)

Particulars As at

Current 9224

Non-current 16909

Total 26133

The lease liabilities are secured by the related underlying assets. The maturity analysis of lease liabilities are disclosed in note
38(iii).

216
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

The Group has leases for the office , warehouse, coldstorages and others. With the exception of short-term leases and leases
with variable lease payments, each lease is reflected on the balance sheet as a right-of-use asset and a lease liability.

Each lease generally imposes a restriction that, unless there is a contractual right for the Group to sublet the asset to another
party, the right-of-use asset can only be used by the Group. Leases are either non-cancellable or may only be cancelled by
incurring a substantive termination fee. Some leases contain an option to extend the lease for a further term. The Group is
prohibited from selling or pledging the underlying leased assets as security against the Group's other debts and liabilities. For
leases over office buildings and factory premises the Group must keep those properties in a good state of repair and return
the properties in their original condition at the end of the lease.

iv) The recognised right-of-use assets relate to Office Building, Warehouse and Others as at 31 March 2020.

(Rs. in Lakhs)

Particulars Amount

Right-of-use assets- Office Building, Wareouse and Others

Balance as at 1 April 2019 (on account of initial application of Ind AS 116) 43073

Add: Additions on account of new leases entered during the year 3091

Less: Transfer to held for sale (4577)

Less: Termination/ modifications (5052)

Less: Amortisation expense charged on the right-of-use assets (9041)

Balance as at 31 March 2020 27494

v) The following are amounts recognised in statement of profit and loss: (Rs. in Lakhs)

Particulars Year ended

43921

Amortisation expense of right-of-use assets 9041

Interest expense on lease liabilities 3161

Rent expense (8811)

Total 3391

vi) Lease payments not recognised as a liability (Rs. in Lakhs)

Particulars Year ended 31 March 2020

Expenses relating to short term leases (included in other expenses) 3863

Total 3863

217
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

vii) At 31 March 2020, the Group does not have any committment with respect to short-term leases .

viii) Total cash outflow for leases for the year ended 31 March 2020 was Rs. 15,973.

The table below describes the nature of the Group’s leasing activities by type of right-of-use asset recognised on balance
ix)
sheet:

Right-of-use asset No of right-of-use assets leased Range of remaining term Average remaining lease term

(in years) (in years)

Office Building 11 1-4 Year 1.59 Years

Warehouse 22 1-8 Year 2.22 Years

Car Leases 89 1-4 Year 1.65 Years

Copackers including embedded Lease 12 1-7 Year 2.65 Years

Leasehold land 5 79-93 Year 85 Years

The Group has a right to extend/terminate its leasing arrangements beyond the initial agreement/lock in period. For the
assessment of lease term as per Ind AS 116, the management of the Group has considered the extension options and not
considered the early termination options wherever available for its property leases in its lease period assessment since the
Group is likely to be benefited from a longer lease tenure.

x) Disclosures under Ind AS 116 for the year ended 31 March 2020

Minimum lease payments in relation to non-cancellable

(Rs. in Lakhs)
leases are payable as follows:

Interest
Future minimum lease Present value of minimum
Particulars element of
payments (MLP) lease payments
MLP

Upto one year 11,380 2,156 9,224

One to five years 19,153 4,217 14,936

More than five years 2,457 484 1,973

Total 32,990 6,857 26,133

218
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[612300] Notes - Transactions involving legal form of lease

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of arrangements involving legal form of lease [TextBlock]
Whether there are any arrangements involving legal form of lease No No

[612900] Notes - Insurance contracts

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of insurance contracts [TextBlock]
Whether there are any insurance contracts as per Ind AS 104 No No

[613100] Notes - Effects of changes in foreign exchange rates

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of effect of changes in foreign exchange rates [TextBlock]
Whether there is any change in functional currency during the year No No
Description of presentation currency INR

[500100] Notes - Subclassification and notes on income and expenses

Miscellaneous other operating revenues [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Miscellaneous other operating revenues [Axis] 1 2
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 3,100 3,591 2,498 3,990
Miscellaneous other operating revenues [Abstract]
Miscellaneous other operating revenues
[LineItems]
Description of miscellaneous other operating Income from sale of Income from sale of
Royalty Royalty
revenues scrap and glasses scrap and glasses
Miscellaneous other operating revenues 3,100 3,591 2,498 3,990

219
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (33)
Subclassification and notes on income and expense explanatory [TextBlock] [See below]
Disclosure of revenue from operations [Abstract]
Textual information (34)
Disclosure of notes on revenue from operations explanatory [TextBlock] [See below]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 5,24,289 6,07,695
Revenue from sale of services 13,575 10,016
Other operating revenues 5,598 7,581
Other operating revenues 5,598 7,581
Total revenue from operations other than finance company 5,43,462 6,25,292
Total revenue from operations 5,43,462 6,25,292
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues (A) 5,598 (B) 7,581
Total other operating revenues 5,598 7,581
Total other operating revenues 5,598 7,581
Miscellaneous other operating revenues [Abstract]
Miscellaneous other operating revenues (A) 5,598 (B) 7,581
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 9,991 2,497

Interest on other current investments (C) 6,955

(D) 0

Total interest income on current investments 16,946 2,497

Total interest income 16,946 2,497
Dividend income [Abstract]
Total dividend income 0 0
Other non-operating income [Abstract]
Net gain (loss) on foreign currency fluctuations treated as other
income [Abstract]
Net gain (loss) on foreign currency translation (E) 1,445
(F) 0

Total net gain/loss on foreign currency fluctuations treated as

1,445 0
other income
Liabilities written off (G) 2,063 (H) 4,030
Miscellaneous other non-operating income (I) 1,984 (J) 799
Total other non-operating income 5,492 4,829
Total other income 22,438 7,326
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Other interest charges (K) 26 (L) 59
Total interest expense 26 59

Other borrowing costs (M) 3,161 (N) 2,075

Total finance costs 3,187 2,134
Employee benefit expense [Abstract]
Salaries and wages 47,477 63,499
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors 0 0
Total managerial remuneration 0 0
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 2,956 3,520
Total contribution to provident and other funds 2,956 3,520
Employee share based payment [Abstract]
Employee share based payment- Cash settled (O) 2,399 (P) 2,862

220
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Total employee share based payment 2,399 2,862

Staff welfare expense 1,256 2,196
Total employee benefit expense 54,088 72,077
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense (Q) 18,913 (R) 33,460
Amortisation expense 89 67
Total depreciation, depletion and amortisation expense 19,002 33,527
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 1,590 1,578
Power and fuel 15,373 19,125
Rent 3,863 13,747
Repairs to building 455 432
Repairs to machinery 4,114 5,037
Insurance 759 761
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes (S) 7,351 (T) 2,100
Total rates and taxes excluding taxes on income 7,351 2,100
Research development expenditure 3,991 3,450
Telephone postage 763 934
Travelling conveyance 5,757 5,942
Legal professional charges 10,877 11,556
Directors sitting fees 0 0
Advertising promotional expenses 51,669 53,988
Cost repairs maintenance other assets 3,992 6,020

Cost royalty (U) 4,468 (V) 4,005

Loss on disposal of intangible Assets 0 0
Loss on disposal, discard, demolishment and destruction of
1,161 442
depreciable property plant and equipment
Payments to auditor [Abstract]
Payment for audit services 78 95
Payment for taxation matters 10 11
Payment for other services 0 14
Payment for reimbursement of expenses 5 11
Total payments to auditor 93 131
CSR expenditure 0 0

Miscellaneous expenses (W) 59,819 (X) 69,913

Total other expenses 1,76,095 1,99,161
Current tax [Abstract]
Current tax pertaining to current year 8,969 600
Total current tax 8,969 600

221
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Royalty 2498
Income from sale of scrap and glasses 3100

(B)
Particulars 2018-19
Royalty 3990
Income from sale of scrap and glasses 3591

(C)
Particulars 2019-20
- Income tax refund 6848
- Security deposits 107

(D)
Particulars 2018-19
- Income tax refund 0
- Security deposits 0

(E)
Particulars 2019-20
Net foreign exchange Income 1445

(F)
Particulars 2018-19
Net foreign exchange Income 0

(G)
Particulars 2019-20
Liabilities / provisions no longer required, written back 2063

(H)
Particulars 2018-19
Liabilities / provisions no longer required, written back 4030

(I)
Particulars 2019-20
Gain on sale of Investment property 1110
Miscellaneous income 21
Loss allowance on trade receivables written back 853

(J)
Particulars 2018-19
Gain on sale of Investment property 0
Miscellaneous income 799
Loss allowance on trade receivables written back 0

(K)
Particulars 2019-20
Interest on income tax 0
Interest on bank overdraft 26

(L)
Particulars 2018-19

222
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Interest on income tax 17

Interest on bank overdraft 42

(M)
Particulars 2019-20
Finance cost on lease liabilities (refer note 43) 3161

(N)
Particulars 2018-19
Finance cost on lease liabilities (refer note 43) 2075

(O)
Particulars 2019-20
Employee share based payment expense (Refer note 41) 2399

(P)
Particulars 2018-19
Employee share based payment expense (Refer note 41) 2862

(Q)
Particulars 2019-20
Depreciation on property, plant and equipment 9872
Depreciation on right of use assets (refer note 43) 9041

(R)
Particulars 2018-19
Depreciation on property, plant and equipment 33326
Depreciation on right of use assets (refer note 43) 134

(S)
Particulars 2019-20
Rates and taxes 7351

(T)
Particulars 2018-19
Rates and taxes 2100

(U)
Particulars 2019-20
Royalty expense 4468

(V)
Particulars 2018-19
Royalty expense 4005

(W)
Particulars 2019-20
Loss allowance on trade receivables 0
Inventory loss / inventory written off 5173
Miscellaneous expenses 5260
Clearing, forwarding and distribution expenses (net of freight recoveries) 49272
Net foreign exchange loss 114

(X)
Particulars 2018-19
Loss allowance on trade receivables 535

223
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Inventory loss / inventory written off 5526

Miscellaneous expenses 5930
Clearing, forwarding and distribution expenses (net of freight recoveries) 57127
Net foreign exchange loss 795

Textual information (33)

Subclassification and notes on income and expense explanatory [Text Block]

Note 28: Changes in inventories of finished goods, stock in trade and work-in-progress

Particulars For the year ended 3/31/2020 For the year ended 3/31/2019

Balance at the beginning of the year

-Finished goods(gross of inventory allowance of Rs. 1,996) (1) 14628 15917

(1 April 2018 - Rs. 2,884) (1)

-Work-in-progress 66 32

Total opening balance 14694 15949

Balance at the end of the year

-Finished goods(gross of inventory allowance of Rs. 895)(1) 15832 14628

(31 March 2019 - Rs. 1,996)(1)

-Work-in-progress - 66

Total closing balance 15832 14694

(1138) 1255

1. This allowance is included in other expense under caption "Inventory loss / inventory written off".

224
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (34)

Disclosure of notes on revenue from operations explanatory [Text Block]

Note 24: Revenue from operations

Particulars For the year ended 3/31/2020 For the year ended 3/31/2019

Sale of products (A) 524,289 607,695

Sale of services (B)

Service fee income 13,575 10,016

Other operating revenue

Income from sale of scrap and glasses 3,100 3,591

Royalty 2,498 3,990

Total other operating revenue (C) 5,598 7,581

Total revenue from operations ( A+B+C) 543,462 625,292

A) Reconciliation of Revenue from sale of products with the contracted price

Particulars For the year ended 3/31/2020 For the year ended 3/31/2019

Contracted Price 613091 750350

Less : Trade discounts, volume rebates, etc. (88803) (142655)

Sale of products 524288 607695

B) Disaggregation of revenue

Set out below is the disaggregation of the Company’s revenue from contracts with customers:

Particulars For the year ended 3/31/2020 For the year ended 3/31/2019

Sales of goods

(a) Snacks 405,584 373,196

(b) Beverages 118,705 234,499

524,289 607,695

225
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Sales of services

Service fees income 13,575 10,016

13,575 10,016

Other operating revenue

Income from sale of scrap 3,100 3,591

Royalty 2,498 3,990

5,598 7,581

Total revenue covered under Ind AS 115 543,462 625,292

The Company has disaggregated the revenue from contracts with customers on the basis of nature of products into snacks and
beverages business. The Company believes that the disaggregation of revenue on the basis of nature of products have no
impact on the nature, amount, timing and uncertainty of revenue and cash flows.

C) Contract balances

The following table provides information about receivables and contract liabilities from contract with customers:

Particulars For the year ended 3/31/2020 For the year ended 3/31/2019

Contract Liabilities

Customer credit balances, advances and other payable 2558 1397

Sub- Total 2558 1397

Receivables

Trade receivables 28274 31144

Less : Loss allowance (1893) (2746)

Net receivables 26381 28398

D) Revenue recognised in the reporting period included in contract liability in the beginning of the year

Particulars For the year ended 3/31/2020 For the year ended 3/31/2019

Opening balance 1397 1731

Addition during the year 2558 1397

Revenue recognised during the year (1397) (1731)

226
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

2558 1397

[613200] Notes - Cash flow statement

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Textual information (35)
Disclosure of cash flow statement [TextBlock] [See below]
Cash and cash equivalents cash flow statement 1,49,377 25,021 16,833
Cash and cash equivalents 1,49,377 25,021

Income taxes paid (refund), classified as operating activities (A) -9,602 (B) 7,300
Total income taxes paid (refund) -9,602 7,300

Footnotes
(A)
Particulars 2019-20
Income taxes paid (net) -9602

(B)
Particulars 2018-19
Income taxes paid (net) 7300

Textual information (35)

Disclosure of cash flow statement [Text Block]

Reconciliation of cash and cash equivalents as per the statement

of cash flow

For the year ended 31 March For the year ended 31 March
Particulars
2020 2019

Cash and cash equivalents as per above comprise of the following

Cash and cash equivalents (refer note 12) 149,377 25,021

Balance as per cash flows 149,377 25,021

227
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[500200] Notes - Additional information statement of profit and loss

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Additional information on profit and loss account explanatory [TextBlock]
Share of profit (loss) of associates accounted for using equity
87 189
method
Share of profit (loss) of joint ventures accounted for using equity
-95 98
method
Total share of profit (loss) of associates and joint ventures
accounted for using equity method (A) -8 (B) 287
Share of other comprehensive income of associates
and joint ventures accounted for using equity
-3 5
method that will not be reclassified to profit or
loss, before tax
Total share of other comprehensive income of associates and
-3 5
joint ventures accounted for using equity method, before tax
Aggregated income tax relating to components of other
comprehensive income that will not be reclassified to -923 0
profit or loss
Total aggregated income tax relating to components of other
-923 0
comprehensive income
Changes in inventories of finished goods (C) -1,204 (D) 1,289
Changes in inventories of work-in-progress (E) 66 (F) -34
Total changes in inventories of finished goods, work-in-progress and
-1,138 1,255
stock-in-trade
Exceptional items before tax 9,054 0
Total exceptional items 9,054 0
Textual information (36)
Details of nature of exceptional items [See below]
Domestic sale manufactured goods 4,94,720 5,98,792
Total domestic turnover goods, gross 4,94,720 5,98,792
Export sale manufactured goods 12,510 8,903
Export sale traded goods 17,059 0
Total export turnover goods, gross 29,569 8,903
Total revenue from sale of products 5,24,289 6,07,695
Export revenue services 13,575 10,016
Total revenue from sale of services 13,575 10,016
Gross value of transaction with related parties 0 0
Bad debts of related parties 0 0

228
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Share of profit of associates (net of income tax) 87
Share of (loss) / profit of jointly controlled entity (net of income tax) -95

(B)
Particulars 2018-19
Share of profit of associates (net of income tax) 189
Share of (loss) / profit of jointly controlled entity (net of income tax) 98

(C)
Particulars 2019-20
Opening Stock-Finished goods(gross of inventory allowance of Rs. 1,996) (1) 14628
Less: Closing Stock-Finished goods(gross of inventory allowance of Rs. 895)(1) -15832

(D)
Particulars 2018-19
Opening Stock-Finished goods(gross of inventory allowance of Rs. 1,996) (1) 15917
Less: Closing Stock-Finished goods(gross of inventory allowance of Rs. 895)(1) -14628

(E)
Particulars 2019-20
Opening Stock-Work-in-progress 66
Less: Closing Stock-Work-in-progress 0

(F)
Particulars 2018-19
Opening Stock-Work-in-progress 32
Less: Closing Stock-Work-in-progress -66

Textual information (36)

Details of nature of exceptional items

During the year ended 31 March 2019, the management of the Holding Company, pursuant to a Business Transfer Agreement
dated 18 February 2019, divested on a going concern slump sale basis its undertakings(s) located in South and West territory of
India engaged in the manufacturing, marketing, distribution and selling of soft drink beverages and syrup mix to Varun Beverages
Limited on 01 May 2019 and 31 May 2019 respectively viz. the effective transfer date.

Accordingly during the year Company has sold its Assets and Liabilities (Classified as held-for-sale as on 31st March 2019) and
have earned profit of Rs. 9,054 which has been disclosed as an exceptional item in statement of profit and loss

229
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[611200] Notes - Fair value measurement

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of fair value measurement [TextBlock]
Disclosure of fair value measurement of assets [TextBlock]
Whether assets have been measured at fair value No No
Disclosure of fair value measurement of liabilities [TextBlock]
Whether liabilities have been measured at fair value No No
Disclosure of fair value measurement of equity [TextBlock]
Whether equity have been measured at fair value No No

[613300] Notes - Operating segments

Disclosure of geographical areas [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Geographical areas [Axis] Country of domicile [Member] Foreign countries [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Revenue from external customers 5,17,377 6,06,373 26,085 18,919
Disclosure of geographical areas [Abstract]
Disclosure of geographical areas [Line items]
Refer to child
Country of domicile or foreign country INDIA INDIA
member
Refer to child member

Revenue from external customers 5,17,377 6,06,373 26,085 18,919

Non-current assets other than financial
instruments, deferred tax assets,
2,59,991 2,28,273 164 1,485
post-employment benefit assets, and rights
arising under insurance contracts
Revenue from external customers 5,17,377 6,06,373 26,085 18,919

Disclosure of geographical areas [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Geographical areas [Axis] Foreign country 1 [Member]
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Revenue from external customers 26,085 18,919
Disclosure of geographical areas [Abstract]
Disclosure of geographical areas [Line items]
Country of domicile or foreign country Outside India Outside India
Revenue from external customers 26,085 18,919
Non-current assets other than financial instruments, deferred tax assets,
post-employment benefit assets, and rights arising under insurance 164 1,485
contracts
Revenue from external customers 26,085 18,919

230
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of reportable segments [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Entity's reportable segments [Axis] Reportable segments 1 [Member] Reportable segments 2 [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of reportable segments [Abstract]
Disclosure of reportable segments [Line items]
Nature of reportable segment Beverages Beverages Snacks Snacks
Revenue primary reportable segment 1,30,632 2,45,850 4,12,830 3,79,442
Total revenues from external customers and
transactions with other reportable segments 1,30,632 2,45,850 4,12,830 3,79,442
of same enterprise reportable segment
Profit (loss) reportable segment 18,789 -14,440 37,802 45,106
Assets reportable segment 1,97,542 1,73,680 1,64,507 3,16,622
Liabilities reportable segment 70,453 1,26,632 1,17,135 86,968

Disclosure of reportable segments [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Elimination of intersegment amounts
Entity's reportable segments [Axis] Material reconciling items [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of reportable segments [Abstract]
Disclosure of reportable segments [Line items]
Refer to child
Nature of reportable segment member
Refer to child member Elimination Elimination

Revenue primary reportable segment 0 0 0 0

Total revenues from external customers and
transactions with other reportable segments 0 0 0 0
of same enterprise reportable segment
Profit (loss) reportable segment -13,141 -29,402 0 0
Assets reportable segment 1,80,246 34,865 0 0
Liabilities reportable segment 0 0 0 0

Disclosure of reportable segments [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Entity's reportable segments [Axis] Unallocated amounts [Member]
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of reportable segments [Abstract]
Disclosure of reportable segments [Line items]
Nature of reportable segment Unallocated segment Unallocated segment
Revenue primary reportable segment 0 0
Total revenues from external customers and transactions with other
0 0
reportable segments of same enterprise reportable segment
Profit (loss) reportable segment (A) -13,141 (B) -29,402
Assets reportable segment 1,80,246 34,865
Liabilities reportable segment 0 0

231
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Unallocated interest income 6848
Unallocated interest expense -26
Unallocated corporate expenses -24784
Tax expense 4821

(B)
Particulars 2018-19
Unallocated interest income 0
Unallocated interest expense -59
Unallocated corporate expenses -26221
Tax expense -3122

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (37)
Disclosure of entity's operating segments [TextBlock] [See below]
Disclosure of reportable segments [TextBlock]
Whether there are any reportable segments Yes Yes
Disclosure of products and services [TextBlock]
Disclosure of geographical areas [TextBlock]
Disclosure of major customers [TextBlock]
Whether there are any major customers No No

232
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (37)

Disclosure of entity's operating segments [Text Block]

Note 39: Segment reporting

The Group has determined following segments based on the information reviewed by the company's Management :

i. Beverages

ii. Snacks

The accounting principles used in the preparation of the consolidated financial statements are consistently applied in individual
segment to prepare segment reporting.

As
As at 31 As at 31 at 31
Particulars
March 2020 March 2019 March
2016

Beverages Snacks Elimination Total Beverages Snacks Elimination Total Total

Segment revenue

- External revenues 130632 412830 - 543462 245850 379442 - 625292

Total segment
130632 412830 - 543462 245850 379442 - 625292
revenues

Segment results 18789 37802 - 56591 (14440) 45106 - 30666

Unallocated interest
6848 -
income

Unallocated interest
(26) (59)
expense

Unallocated
(24784) (26221)
corporate expenses

Tax expense 4821 (3122)

Profit for the year

43450 1264
after tax

OTHER
INFORMATION

Carrying amount of
197542 164507 - 362049 173680 316623 - 490303
segment Assets

Unallocated
180246 34865
Corporate Asset

233
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Total Assets 542295 525168

Segment Liability 70453 117135 - 187588 126633 86968 - 213601

Unallocated
- -
corporate Liabilities

Total liabilities 187588 213601

Capital Expenditure 5584 57860 - 63444 28594 28886 - 57480

Unallocated
Corporate - -
Expenditure

Total capital
63444 57480
expenditure

Depreciation on
3921 15081 - 19002 26005 7522 - 33527
segment assets

Unallocated
depreciation

Total depreciation 19002 33527

Interest income 9937 161 - 10098 2422 75 - 2497

Unallocated interest
6848
income

Total interest
16946 2497
income

Interest expense 1090 2071 - 3161 674 1401 - 2075

Unallocated interest
26 59
expense

Total interest
3187 2134
expense

Share of profit/(loss)
of equity accounted (9) - (9) 287 - - 287
-
investees

Unallocated amount - -

Total share of
profit/(loss) from
(9) 287
equtiy accounts
investees

Secondary segment
31
reporting by 31 March
March
geographical 2020
2019
segment

Segment Segment

Non-current Non-current

234
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

revenue from assets* revenue from assets*

external external
customers customers

India 517,377 259,991 606,373 228,273

Outside India 26,085 164 18,919 1,485

Total 543,462 260,155 625,292 229,758

* Non-current assets exclude financial instruments and deferred tax assets.

Revenue from Major customers

The Group is not reliant on revenues from transactions with any single external customer and does not receive 10% or more of
its revenues from transactions with any single external customer.

[610700] Notes - Business combinations

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of business combinations [TextBlock]
Whether there is any business combination No No
Disclosure of reconciliation of changes in goodwill [TextBlock]
Whether there is any goodwill arising out of business combination No No
Disclosure of acquired receivables [TextBlock]
Whether there are any acquired receivables from business combination No No
Disclosure of contingent liabilities in business combination [TextBlock]
Whether there are any contingent liabilities in business combination No No

235
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[611500] Notes - Interests in other entities

Disclosure of joint ventures [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Joint ventures [Axis] 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Latest audited balance sheet date 31/03/2020 31/03/2019
Disclosure of joint ventures [Abstract]
Disclosure of joint ventures [Line items]
(A) NourishCo Beverages NourishCo Beverages
Name of joint venture Limited Limited
Country of incorporation of joint venture INDIA INDIA
Permanent account number of joint venture AADCN4844M AADCN4844M
CIN of joint venture U15500HR2010PLC041616 U15500HR2010PLC041616
Number of shares held of joint venture [shares] 10,65,00,000 [shares] 10,65,00,000
Amount of investment in joint venture 10,650 10,650
Latest audited balance sheet date 31/03/2020 31/03/2019
Whether joint venture has been considered in consolidation Yes Yes
Proportion of ownership interest in joint venture 50.00% 50.00%
Proportion of voting rights held in joint venture 50.00% 50.00%
Current assets of joint venture 3,837 3,585
Non-current assets of joint venture 753 713
Current liabilities of joint venture -2,554 -2,073
Non-current liabilities of joint venture -31 -24
Revenue of joint venture 17,993 19,388
Profit (loss) from continuing operations of joint venture -191 196
Other comprehensive income of joint venture -4 -1
Share of profit (loss) from continuing operations of joint ventures
-96 98
accounted for using equity method
Share of other comprehensive income of joint ventures accounted for using
-2 0
equity method, net of tax

Footnotes
(A) Manufacturing and selling of beverages.

236
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of associates [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Associates [Axis] 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of associates [Abstract]
Disclosure of associates [Line items]
Name of associate entity (A) Pearl Drinks Limited (B) Pearl Drinks Limited
Country of incorporation of associate INDIA INDIA
Permanent account number of associate entity AAACP1210C AAACP1210C
CIN of associate entity U15532DL1982PLC014664 U15532DL1982PLC014664
Latest audited balance sheet date 31/03/2019 31/03/2019
Whether associate has been considered in consolidation Yes Yes
Proportion of ownership interest in associate 26.00% 26.00%
Proportion of voting rights held in associate 26.00% 26.00%
Amount of investment in associate 8,84,000 8,84,000
Number of shares held of associate [shares] 88,400 [shares] 88,400
Current assets of associate 8,219 9,743
Non-current assets of associate 31,234 29,303
Current liabilities of associate -17,610 -17,917
Non-current liabilities of associate -14,481 -14,097
Revenue of associate 28,942 31,135
Profit (Loss) from continuing operations of associate 333 727
Other comprehensive income of associate -3 19
Share of profit (loss) from continuing operations of associates accounted
87 189
for using equity method
Share of other comprehensive income of associates accounted for using
-1 5
equity method, net of tax
Latest audited balance sheet date 31/03/2019 31/03/2019

Footnotes
(A) Manufacturing and selling of beverages.
(B) Manufacturing and selling of beverages.

237
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of details of subsidiaries [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Subsidiaries [Axis] 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
PEPSICO INDIA SALES PEPSICO INDIA SALES
Name of subsidiary PRIVATE LIMITED PRIVATE LIMITED
Country of incorporation or residence of subsidiary INDIA INDIA
CIN of subsidiary company U15549DL2003PTC122303 U15549DL2003PTC122303
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet Yes Yes
SRN of filing of balance sheet by subsidiary R07480908 R07480908
Whether financial year of subsidiary different from financial year of holding
No No
company
Financial year of subsidiary [Abstract]
Start date of accounting period of subsidiary 01/04/2019 01/04/2018
End date of accounting period of subsidiary 31/03/2020 31/03/2019
Percentage of shareholding in subsidiary 100.00% 100.00%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR
Exchange rate as applicable for subsidiary INR INR
Share capital of subsidiary 1 1
Reserves and surplus of subsidiary -12,628 -16,098.6
Total assets of subsidiary 8,046.1 94.4
Total liabilities of subsidiary 20,673.1 16,192
Investment of subsidiary 0 0
Profit before tax of subsidiary 2,079.5 -151.9
Provision for tax of subsidiary -1,391 -2,432.6
Profit after tax of subsidiary 3,470.5 -2,584.5
Proposed dividend of subsidiary 0 0
PEPSICO INDIA SALES PEPSICO INDIA SALES
Name of subsidiary PRIVATE LIMITED PRIVATE LIMITED
Country of incorporation or residence of subsidiary INDIA INDIA
CIN of subsidiary company U15549DL2003PTC122303 U15549DL2003PTC122303

238
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (38)
Disclosure of interests in other entities [TextBlock] [See below]
Disclosure of interests in subsidiaries [TextBlock]
Disclosure of subsidiaries [TextBlock]
Whether company has subsidiary companies Yes Yes
Number of subsidiary companies [pure] 1 [pure] 1
Whether company has subsidiary companies which are yet to commence
No No
operations
Whether company has subsidiary companies liquidated or sold during
No No
year
Disclosure of interests in associates [TextBlock]
Disclosure of associates [TextBlock]
Whether company has invested in associates Yes Yes
Whether company has associates which are yet to commence operations No No
Whether company has associates liquidated or sold during year No No
Disclosure of interests in joint arrangements [TextBlock]
Disclosure of joint ventures [TextBlock]
Whether company has invested in joint ventures Yes Yes
Whether company has joint ventures which are yet to commence
No No
operations
Whether company has joint ventures liquidated or sold during year No No
Disclosure of interests in unconsolidated structured entities [TextBlock]
Disclosure of unconsolidated structured entities [TextBlock]
Whether there are unconsolidated structured entities No No
Disclosure of investment entities [TextBlock]
Disclosure of information about unconsolidated subsidiaries [TextBlock]
Whether there are unconsolidated subsidiaries No No
Disclosure of information about unconsolidated structured entities
controlled by investment entity [TextBlock]
Whether there are unconsolidated structured entities controlled by
No No
investment entity

239
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (38)

Disclosure of interests in other entities [Text Block]

Note 44: Equity accounted investees

Refer note 2(vii)(1)(b) for accounting policy on Investment in associates and joint venture.

Particulars As at 3/31/2020 As at 3/31/2019

Interest in joint venture(1) - 1,100

Interest in associates(2) 1,414 1,328

1,414 2,428

Particulars Country of incorporation Principal activities

Joint venture

NourishCo Beverages Limited India Manufacturing and selling of beverages. 50% 50%

Associates

Pearl Drinks Limited* India Manufacturing and selling of beverages. 26% 26%

* Pearl Beverages Limited & Pearl Bottling Private Limited are the subsidiaries of Pearl Drink Limited.

1. Joint venture

The following table summarises the financial information of NourishCo Beverages Limited and carrying amount of the Group's
interest in NourishCo Beverages Limited:

Particulars As at 3/31/2020 As at 3/31/2019

Non-current assets 753 713

Current assets (including cash and cash equivalents- 31 March 2020:Rs. 1130, 31
3837 3585
March 2019:Rs. 1091)

Non-current liabilities (31) (24)

(non-current financial liabilities other than trade and other payables and provisions 31
March 2020: Nil, 31 March 2019: Nil)

240
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Current liabilities (2554) (2073)

(current financial liabilities other than trade and other payables and provisions 31
March 2020:Nil, 31 March 2019 :Nil)

Net assets 2005 2201

Group's share of net assets (50%) 1003 1100

Reclassified as assets of a disposal group classified as held for sale (refer: note 16a) 1003 -

Carrying amount of interest in joint venture - 1100

For the year ended For the year ended

Particulars
3/31/2020 3/31/2019

Revenue 17994 19388

Profit / (loss) for the year (191) 196

Other comprehensive (loss) / income for the year (4) (1)

Group's share of Profit / (loss) (50%) (96) 98

Group's share of OCI (50%) (2) 0

Group's share of total comprehensive income (50%) (98) 98

2. Associates

Pearl Drinks Limited

The following table summarises the financial information of Pearl Drinks Limited and carrying amount of the Group's interest in
Pearl Drinks Limited:

As at As at
Particulars
3/31/2020 3/31/2019

Non-current assets 31234 29303

Current assets (including cash and cash equivalents- 31 March 2020:Rs. 129, 31 March 2019:Rs. 198) 8219 9743

Non-current liabilities (14481) (14097)

(non-current financial liabilities other than trade and other payables and provisions 31 March 2020: Rs.
12,084.33, 31 March 2019: Rs. 11,712.8)

Current liabilities (17610) (17917)

(current financial liabilities other than trade and other payables and provisions 31 March 2020:Rs.8,880,
31 March 2019:Rs. 8,648)

Non cumulative compulsorily convertible preference shares (603) (603)

241
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Other adjustments1 (1322) (1322)

Net assets 5437 5107

Group's share of net assets (26%) 1414 1328

Carrying amount of interest in associate 1414 1328

1) During the year ended 31 March 2018, Pearl Bottling Private Limited was no longer a subsidiary of Pearl Drinks Limited.
Therefore, necessary adjustment related to non-recognition of this subsidiary were made in their respective financial
statements.

Particulars For the year ended 3/31/2020 For the year ended 3/31/2019

Revenue from operations 28942 31135

Profit for the year 333 727

Other comprehensive income / (loss) for the year (3) 19

Group's share of Profit (26%) 87 189

Group's share of OCI (26%) (1) 5

Group's share of total comprehensive income (26%) 86 194

Note 44: Equity accounted investees (cont'd)

Note : Additional information as required for preparation of consolidated financial statements to Schedule III to the Act:

31-Mar-20

Consolidation
Subsidiary
Particulars Holding Company Associate Joint Venture adjustments/ Total
Company
eliminations

PepsiCo India PepsiCo India Pearl NourishCo

Holdings Private Sales Private Drinks Beverages
Limited Limited Limited Limited

Net assets (i.e. total assets

minus total liabilities)

- as % of consolidated net
104% -4% 0% 0% -1% 100%
assets

- Amount 368,460 -12,627 1,414 1,003 -3,543 354,707

Share in profit and loss

- as % of consolidated

242
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

profit and loss 76% 8% 0% 0% 16% 100%

- Amount 32,876 3,471 86 -98 7,115 43,450

Share in other
comprehensive income

- as % of consolidated
other comprehensive 100% 0% 0% 0% 0% 100%
income

- Amount -1,719 -1 -2 - -1,722

-

Share in total
comprehensive income

- as % of consolidated total
75% 8% 0% 0% 0 100%
comprehensive income

- Amount 31,157 3,471 85 -100 7,115 41,728

31-Mar-19

Consolidation
Subsidiary
Particulars Holding Company Associate Joint Venture adjustments/ Total
Company
eliminations

PepsiCo India PepsiCo India Pearl NourishCo

Holdings Private Sales Private Drinks Beverages
Limited Limited Limited Limited

Net assets (i.e. total assets

minus total liabilities)

- as % of consolidated net
108% -5% 0% 0% -3% 100%
assets

- Amount 335,894 -16,098 1,328 1,100 -10,657 311,567

Share in profit and loss

- as % of consolidated
282% -204% 15% 8% 0% 100%
profit and loss

- Amount 3,559 -2,582 189 98 - 1,264

Share in other
comprehensive income

- as % of consolidated
other comprehensive 101% 0% 0% 0% 0% 100%
income

- Amount -1,839 7 5 0 - -1,827

Share in total
comprehensive income

- as % of consolidated total

243
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

comprehensive income -305% 457% -34% -17% 0% 100%

- Amount 1,720 -2,575 194 98 - -563

[613400] Notes - Consolidated Financial Statements

Disclosure of details of entities consolidated [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Entities consolidated [Axis] 1 2 3 4
01/04/2019 01/04/2019 01/04/2019 01/04/2019
to to to to
31/03/2020 31/03/2020 31/03/2020 31/03/2020
Disclosure of additional information consolidated
financial statements [Abstract]
Disclosure of additional information
consolidated financial statements [Line items]
PEPSICO INDIA PEPSEICO INDIA
NourishCo
Name of entity consolidated HOLDINGS SALES PRIVATE
Beverages Limited
Pearl Drinks Limited
PRIVATE LIMITED LIMITED
Type of entity consolidated Parent Indian Subsidiary Indian Joint Venture Indian Associate
Amount of net assets of entity consolidated 3,68,460 -12,627 1,414 1,003
Net assets of entity as percentage of
1.04% -0.04% 0.00% 0.00%
consolidated net assets
Amount of share in profit or loss of entity
32,876 3,471 86 -98
consolidated
Share in profit or loss of entity as
percentage of consolidated profit or 0.76% 0.08% 0.00% 0.00%
loss
Amount of share in other comprehensive income
-1,719 0 -1 -2
consolidated
Share in other comprehensive income consolidated 1.00% 0.00% 0.00% 0.00%
Amount of share in comprehensive income
31,157 3,471 85 -100
consolidated
Share in comprehensive income consolidated 0.75% 0.08% 0.00% 0.00%

Disclosure of details of subsidiaries [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Subsidiaries [Axis] 1
01/04/2019
to
31/03/2020
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries [LineItems]
PEPSEICO INDIA
Name of subsidiary consolidated SALES PRIVATE
LIMITED
Principal place of business of subsidiary consolidated INDIA
Country of incorporation or residence of subsidiary consolidated INDIA
Date of end of reporting period of financial statements of subsidiary consolidated 31/03/2020
Description of reason why using different reporting date or period for subsidiary consolidated NOT APPLICABLE
Proportion of ownership interest in subsidiary consolidated 100.00%
Proportion of voting power held in subsidiary consolidated 100.00%

244
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019
to
31/03/2020
Disclosure of notes on consolidated financial statements explanatory
[TextBlock]
Whether consolidated financial statements is applicable on company Yes
Disclosure of details of subsidiaries [TextBlock]
Disclosure of additional information consolidated financial statements
[TextBlock]

[611400] Notes - Separate financial statements

Disclosure of subsidiaries [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Subsidiaries [Axis] 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
PEPSICO INDIA SALES PEPSICO INDIA SALES
Name of subsidiary PRIVATE LIMITED PRIVATE LIMITED
CIN of subsidiary company U15549DL2003PTC122303 U15549DL2003PTC122303
Country of incorporation or residence of subsidiary INDIA INDIA
Proportion of ownership interest in subsidiary 100.00% 100.00%
Proportion of voting rights held in subsidiary 100.00% 100.00%

Disclosure of joint ventures [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Joint ventures [Axis] 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of joint ventures [Abstract]
Disclosure of joint ventures [Line items]
(A) NourishCo Beverages NourishCo Beverages
Name of joint venture Limited Limited
CIN of joint venture U15500HR2010PLC041616 U15500HR2010PLC041616
Permanent account number of joint venture AADCN4844M AADCN4844M
Country of incorporation of joint venture INDIA INDIA
Proportion of ownership interest in joint venture 50.00% 50.00%
Proportion of voting rights held in joint venture 50.00% 50.00%

Footnotes
(A) Manufacturing and selling of beverages.

Disclosure of associates [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Associates [Axis] 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of associates [Abstract]
Disclosure of associates [Line items]
Name of associate entity (A) Pearl Drinks Limited (B) Pearl Drinks Limited
CIN of associate entity U15532DL1982PLC014664 U15532DL1982PLC014664
Permanent account number of associate entity AAACP1210C AAACP1210C
Country of incorporation of associate INDIA INDIA
Proportion of ownership interest in associate 26.00% 26.00%
Proportion of voting rights held in associate 26.00% 26.00%

245
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A) Manufacturing and selling of beverages.
(B) Manufacturing and selling of beverages.

[610800] Notes - Related party

Disclosure of transactions between related parties [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Parent [Member]
Related party [Axis] 1 2
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
PepsiCo Inc. PepsiCo Inc. PepsiCo Panimex
Name of related party (Trademark owner) (Trademark owner) Inc.
PepsiCo Panimex Inc.

Country of incorporation or residence of

UNITED STATES UNITED STATES MAURITIUS MAURITIUS
related party
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party Ultimate Holding Ultimate Holding
Holding company Holding company
relationship company company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Services received related party transactions 862 307
Revenue from rendering of services related
1,908 1,653
party transactions
Other related party transactions expense (A) 1,397 (B) 1,230
Other related party transactions income (C) 1,167 (D) 395
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 287 0 0
Amounts receivable related party transactions 5,407 5,318 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

246
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Royalty Expense 1397

(B)
Particulars 2018-19
Royalty Expense 1230

(C)
Particulars 2019-20
Reimbursement received 1167

(D)
Particulars 2018-19
Reimbursement received 395

Disclosure of transactions between related parties [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Subsidiaries [Member] Associates [Member]
Related party [Axis] 33 4
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Balmoral Balmoral Industries
Name of related party Industries LLC LLC
Pearl Drinks Limited Pearl Drinks Limited

Country of incorporation or residence of

INDIA INDIA
related party
Permanent account number of related party AAACP1210C AAACP1210C
CIN of related party U15532DL1982PLC014664 U15532DL1982PLC014664
Description is Description is
Description is mentioned Description is mentioned
Description of nature of transactions with mentioned along mentioned along
along with relevent line along with relevent line
related party with relevent line with relevent line
item. item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries (A) Associates (B) Associates
relationship
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0
Other related party transactions expense (C) 1,439
Other related party transactions income (D) 4,081
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 1,410 0 0 0
Amounts receivable related party transactions 4,081 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

247
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A) * Including fully owned subsidiary of associates
(B) * Including fully owned subsidiary of associates
(C)
Particulars 2019-20
Royalty Expense 1439

(D)
Particulars 2019-20
Service income 4081

248
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Associates [Member]
Related party [Axis] 5 6
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between
related parties
[Abstract]
Disclosure of transactions between
related
parties [Line items]
Pearl Bottling Private Pearl Bottling Private
Name of related party Limited Limited
Pearl Beverages Limited Pearl Beverages Limited

Country of incorporation or residence

of INDIA INDIA INDIA INDIA
related party
Permanent account number of related
AABCK2911Q AABCK2911Q AAACP4560D AAACP4560D
party
CIN of related party U15541DL1988PTC170355 U15541DL1988PTC170355 U15549DL1996PLC079678 U15549DL1996PLC079678
Description of nature of transactions Description is mentioned Description is mentioned Description is mentioned Description is mentioned
with along with relevent line along with relevent line along with relevent line along with relevent line
related party item. item. item. item.
Description of nature of related party
(A) Associates (B) Associates (C) Associates (D) Associates
relationship
Related party transactions [Abstract]
Purchases of goods related party
0 0 0 0
transactions
Revenue from sale of goods related
party 0 28 4,905 5,389
transactions
Other related party transactions
(E) 0 (F) 6 (G) 542 (H) 561
income
Other related party transactions
(I) 0 (J) 57 0 0
contribution received
Outstanding balances for related
party
transactions [Abstract]
Amounts payable related party
0 0 0 0
transactions
Amounts receivable related party
0 833 1,158 531
transactions
Outstanding commitments made by
entity, 0 0 0 0
related party transactions
Outstanding commitments made on
behalf 0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related
to
0 0 0 0
outstanding balances of related party
transaction
Expense recognised during period for
bad
0 0 0 0
and doubtful debts for related party
transaction

249
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A) * Including fully owned subsidiary of associates
(B) * Including fully owned subsidiary of associates
(C) * Including fully owned subsidiary of associates
(D) * Including fully owned subsidiary of associates
(E)
Particulars 2019-20
Royalty income 0

(F)
Particulars 2018-19
Royalty income 6

(G)
Particulars 2019-20
Interest income 0
Royalty income 542

(H)
Particulars 2018-19
Interest income 3
Royalty income 558

(I)
Particulars 2019-20
Loans recovered 0

(J)
Particulars 2018-19
Loans recovered 57

250
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Key management personnel of entity
Categories of related parties [Axis] Joint ventures where entity is venturer [Member]
or parent [Member]
Related party [Axis] 3 7
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
NourishCo Beverages NourishCo Beverages Mr. Niteen
Name of related party Limited Limited Pradhan
Mr. Niteen Pradhan

Country of incorporation or residence of

INDIA INDIA INDIA INDIA
related party
Permanent account number of related party AADCN4844M AADCN4844M AJXPP3658B AJXPP3658B
CIN of related party U15500HR2010PLC041616 U15500HR2010PLC041616
Description is Description is
Description is mentioned Description is mentioned
Description of nature of transactions with mentioned along mentioned along
along with relevent line along with relevent line
related party with relevent line with relevent line
item. item.
item. item.
Description of nature of related party
Joint venture Joint venture (A) Director (B) Director
relationship
Related party transactions [Abstract]
Purchases of goods related party transactions 174 1,526 0 0
Revenue from sale of goods related party
717 810
transactions
Other related party transactions income (C) 613 (D) 1,328
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 1,061 146 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

Footnotes
(A) * Including fully owned subsidiary of associates
(B) * Including fully owned subsidiary of associates
(C)
Particulars 2019-20
Reimbursement received 587
Collection made on behalf of related parties 26

(D)
Particulars 2018-19
Reimbursement received 795
Collection made on behalf of related parties 533

251
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Key management personnel of entity or parent [Member]
Related party [Axis] 8 9
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Mr. Sudipto Mr. Sudipto
Name of related party Mr. Vinod Kaushal Mr. Vinod Kaushal
Mozumdar Mozumdar
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
related party
Permanent account number of related party AADPK5427C AADPK5427C AENPM6626D AENPM6626D
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Company Secretary Company Secretary Director Director
relationship
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

252
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(6)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 10 11
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Pepsi C o l a (A) Pepsi Cola PepsiCo Beverages (B) PepsiCo
Name of related party International Cork International Cork (HK) Ltd. Beverages (HK) Ltd.
Country of incorporation or residence of
IRELAND IRELAND HONG KONG HONG KONG
related party
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Purchases of goods related party transactions 798 700 0 0
Revenue from sale of goods related party
0 369
transactions
Services received related party transactions 164 0 1 132
Other related party transactions income (C) 98 (D) 204
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 185 349 0 0
Amounts receivable related party transactions 0 0 36 17
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

Footnotes
(A) (from 23 September 2016)
(B) (till 26 october 2017)
(C)
Particulars 2019-20
Reimbursement received 98

(D)
Particulars 2018-19
Reimbursement received 204

253
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(7)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 12 13
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
PepsiCola (Thai) PepsiCola (Thai) Saudi Snack Foods Saudi Snack Foods
Name of related party Trading Co. Ltd. Trading Co. Ltd. Co. Ltd. Co. Ltd.
Country of incorporation or residence of
THAILAND THAILAND SAUDI ARABIA SAUDI ARABIA
related party
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Services received related party transactions 11 11 89 0
Revenue from rendering of services related
78 0 154 0
party transactions
Other related party transactions income (A) 1 (B) 5 (C) 4 (D) 177
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 16 0 0
Amounts receivable related party transactions 35 0 261 171
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

Footnotes
(A)
Particulars 2019-20
Reimbursement received 1

(B)
Particulars 2018-19
Reimbursement received 5

(C)
Particulars 2019-20
Reimbursement received 4

(D)
Particulars 2018-19
Reimbursement received 177

254
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(8)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 14 15
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Pepsico
Pepsico International
Name of related party International
Singapore Pte Ltd
PepsiCo Inc., Dubai PepsiCo Inc., Dubai
Singapore Pte Ltd
Country of incorporation or residence of UNITED ARAB UNITED ARAB
SINGAPORE SINGAPORE
related party EMIRATES EMIRATES
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from sale of goods related party
0 74
transactions
Services received related party transactions 5,246 6,933 827 210
Revenue from rendering of services related
4,430 4,692 5,408 1,793
party transactions
Other related party transactions income (A) 133 (B) 165 (C) 58 (D) 1,166
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 3,528 288 3,421 609
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

Footnotes
(A)
Particulars 2019-20
Reimbursement received 133

(B)
Particulars 2018-19
Reimbursement received 165

(C)
Particulars 2019-20
Reimbursement received 58

(D)
Particulars 2018-19
Reimbursement received 1166

255
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(9)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 16 17
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
PepsiCola PepsiCola Pepsi Lipton
Pepsi Lipton
Name of related party International Co. of International Co. of International
International Limited
Uruguay S.R.L Uruguay S.R.L Limited
Country of incorporation or residence of
URUGUAY URUGUAY IRELAND IRELAND
related party
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Purchases of goods related party transactions 1 2 127 100
Other related party transactions income (A) 461 (B) 155
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 175 195
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

Footnotes
(A)
Particulars 2019-20
Reimbursement received 461

(B)
Particulars 2018-19
Reimbursement received 155

256
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(10)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 18 20
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Chipsy Foods Chipsy Foods Tropicana Dubai
Name of related party Industries SAE Giza Industries SAE Giza FZE
Tropicana Dubai FZE

Country of incorporation or residence of UNITED ARAB UNITED ARAB

EGYPT EGYPT
related party EMIRATES EMIRATES
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

257
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(11)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 21 22
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
PepsiCo Services PepsiCo Services Asia P T Quaker
Name of related party Asia Limited Limited Indonesia
PT Quaker Indonesia

Country of incorporation or residence of

THAILAND THAILAND INDONESIA INDONESIA
related party
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Services received related party transactions 244 7 18 0
Other related party transactions income (A) 254 (B) 289 (C) 0 (D) 36
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 12 129 152 79
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

Footnotes
(A)
Particulars 2019-20
Reimbursement received 0
Reimbursement received 254

(B)
Particulars 2018-19
Reimbursement received 3
Reimbursement received 286

(C)
Particulars 2019-20
Reimbursement received 0

(D)
Particulars 2018-19
Reimbursement received 36

258
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(12)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 23 24
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
The Smith's The Smith's
PepsiCola Products PepsiCola Products
Name of related party Snackfood Snackfood Company,
Philippines, Inc. Philippines, Inc.
Company, Australia Australia
Country of incorporation or residence of
AUSTRALIA AUSTRALIA PHILIPPINES PHILIPPINES
related party
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Services received related party transactions 4 0 0 6
Other related party transactions income (A) 0 (B) -4 (C) 45 (D) 219
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 37 30 19 0
Amounts receivable related party transactions 0 0 0 110
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

Footnotes
(A)
Particulars 2019-20
Reimbursement received 0

(B)
Particulars 2018-19
Reimbursement received -4

(C)
Particulars 2019-20
Reimbursement received 45
Reimbursement received 0

(D)
Particulars 2018-19
Reimbursement received 218
Reimbursement received 1

259
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(13)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 25 26
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
PepsiCo India PepsiCo India PepsiCo India
PepsiCo India
Holdings Employees Holdings Employees Holdings Employees
Name of related party Provident Fund
Holdings Employees
Superannuation Superannuation Fund
Provident Fund Trust
Trust Fund Trust Trust
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
related party
Permanent account number of related party AABTP3451B AABTP3451B AAAAP0120D AAAAP0120D
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Employee benefit Employee benefit
Employee benefit Employee benefit
Description of nature of related party plans where there is plans where there is
plans where there is a plans where there is a
relationship a significant a significant
significant influence significant influence
influence influence
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Other related party transactions
(A) 2,926 (B) 3,437 (C) 233 (D) 285
contribution made
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions (E) 158 (F) 136 (G) 19 (H) 24
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

260
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Footnotes
(A)
Particulars 2019-20
Contribution to Provident Fund Trust 2926

(B)
Particulars 2018-19
Contribution to Provident Fund Trust 3437

(C)
Particulars 2019-20
Contribution to Superannuation Fund Trust 233

(D)
Particulars 2018-19
Contribution to Superannuation Fund Trust 285

(E)
Particulars 2019-20
Payable to Provident Fund Trust 158

(F) Payable to Provident Fund Trust : 136

(G)
Particulars 2019-20
Payable to Superannuation Fund Trust 19

(H)
Particulars 2018-19
Payable to Superannuation Fund Trust 24

261
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(14)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 27 28
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Pepsi- Cola Pepsi- Cola
Name of related party (Bermuda) Limited (Bermuda) Limited
Quaker Oats, USA Quaker Oats, USA

Country of incorporation or residence of

BERMUDA BERMUDA UNITED STATES UNITED STATES
related party
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Other related party transactions expense (A) 1,520 (B) 2,673 (C) 113 (D) 105
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 624 27 25
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

Footnotes
(A)
Particulars 2019-20
Royalty Expense 1520

(B)
Particulars 2018-19
Royalty Expense 2673

(C)
Particulars 2019-20
Royalty Expense 113

(D)
Particulars 2018-19
Royalty Expense 105

262
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(15)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 29 30
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Concentrate Concentrate
Fritolay Trading Fritolay Trading
Name of related party Company GMBH Company GMBH
manufacturing manufacturing
Singapore Pte Ltd. Singapore Pte Ltd.
Country of incorporation or residence of
SINGAPORE SINGAPORE
related party
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Purchases of goods related party transactions 15 22
Other related party transactions income (A) 0 (B) 103
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 109 100 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

Footnotes
(A)
Particulars 2019-20
Reimbursement received 0

(B)
Particulars 2018-19
Reimbursement received 103

263
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of transactions between related parties [Table] ..(16)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Other related parties [Member]
Related party [Axis] 31 32
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Portfolio
Pepsico Asia R&D Pepsico Asia R&D Portfolio Concentrate
Name of related party Center Co. Ltd Center Co. Ltd
Concentrate
Solution UC
Solution UC
Description is Description is
Description is Description is
Description of nature of transactions with mentioned along mentioned along
mentioned along with mentioned along with
related party with relevent line with relevent line
relevent line item. relevent line item.
item. item.
Description of nature of related party
Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries Fellow subsidiaries
relationship
Related party transactions [Abstract]
Purchases of goods related party transactions 15,890 0
Revenue from rendering of services related
100 0
party transactions
Other related party transactions income (A) 0 (B) 197.35
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 6,771 0
Amounts receivable related party transactions 334 208 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

Footnotes
(A)
Particulars 2019-20
Reimbursement received 0
Reimbursement received 0

(B)
Particulars 2018-19
Reimbursement received 197
Reimbursement received 0.35

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (39)
Disclosure of related party [TextBlock] [See below]
Whether there are any related party transactions during year Yes Yes
Disclosure of transactions between related parties [TextBlock]
Whether entity applies exemption in Ind AS 24.25 No No
Whether company is subsidiary company Yes Yes
Section under which company is subsidiary Section 2(87)(ii) Section 2(87)(ii)

264
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (39)

Disclosure of related party [Text Block]

Note 38: Related party disclosures

(a) List of related parties and nature of relationship where control exists

Ultimate holding company

PepsiCo Inc. (Trademark owner)

Holding company

PepsiCo Panimex Inc.

(b) List of other related parties with whom transactions have taken place during the year

Joint venture

NourishCo Beverages Limited

Associates*

Pearl Drinks Limited

Pearl Bottling Private Limited

Pearl Beverages Limited

Key management personnel

Mr. Niteen Pradhan (Director)

Mr. Vinod Kaushal (Company Secretary)

Mr. Sudipto Mozumdar (Director) (till 4th October 2019)

Mrs. Preeti Sureka (Director) (from 18th September 2019)

Fellow subsidiaries

Pepsi Cola International Cork

PepsiCo Beverages (HK) Ltd.

PepsiCola (Thai) Trading Co. Ltd.

Saudi Snack Foods Co. Ltd.

Pepsico International Singapore Pte Ltd

PepsiCo Inc., Dubai

PepsiCola International Co. of Uruguay S.R.L

Pepsi Lipton International Limited

265
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Chipsy Foods Industries SAE Giza

Tropicana Dubai FZE

Concentrate manufacturing Singapore Pte Ltd.

PepsiCo Services Asia Limited

PT Quaker Indonesia

The Smith's Snackfood Company, Australia

PepsiCola Products Philippines, Inc.

Balmoral Industries LLC

Pepsi- Cola (Bermuda) Limited

Quaker Oats, USA

Fritolay Trading Company GMBH

Portfolio Concentrate Solution UC

Employee benefit plans where there is a significant influence

PepsiCo India Holdings Employees Provident Fund Trust

PepsiCo India Holdings Employees Superannuation Fund Trust

* Including fully owned subsidiary of associates

(c)Transactions with related parties

Particulars For the year ended 31 March 2020 For the year ended 31 March 2019

i) Purchase of goods(1)

Fellow subsidiaries 16,831 824

Pepsi Cola International Cork 798 700

Concentrate manufacturing Singapore Pte Ltd. 15 22

PepsiCola International Co. of Uruguay S.R.L 1 2

Pepsi Lipton International Limited 127 100

Portfolio Concentrate Solution UC 15,890 -

Joint venture 174 1,526

NourishCo Beverages Limited 174 1,526

266
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Note 38: Related party disclosures (continued)

(c)Transactions with related parties (continued)

Particulars For the year ended 31 March 2020 For the year ended 31 March 2019

ii) Sale of goods(2)

Associates 4,905 5,417

Pearl Beverages Limited 4,905 5,389

Pearl Bottling Private Limited - 28

Joint venture 717 810

NourishCo Beverages Limited 717 810

Fellow subsidiaries - 443

Pepsi Cola International Cork - 369

Pepsico International Singapore Pte Ltd - 74

iii) Interest income

Associates - 3

Pearl Beverages Limited - 3

iv) Service income

Ultimate holding company 1,908 1,653

PepsiCo Inc. 1,908 1,653

Fellow subsidiaries 14,539 6,485

Saudi Snack Foods Co. Ltd. 154

PepsiCola(Thai) Trading Co. Ltd 78 -

Pepsico Asia R&D Center Co. Ltd 100 -

Pepsico International Singapore Pte Ltd 4,430 4,692

PepsiCo Inc., Dubai 5,408 1,793

Pepsi Cola International Cork 288 -

Balmoral Industries LLC 4,081 -

v) Service charges

Ultimate holding company 862 307

PepsiCo Inc. 862 307

267
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Fellow subsidiaries 6,604 7,299

Pepsico International Singapore Pte Ltd 5,246 6,933

PepsiCo Services Asia Limited 244 7

PepsiCo Inc., Dubai 827 210

PepsiCola(Thai) Trading Co. Ltd 11 11

PepsiCoBeverages(HK)Ltd. 1 132

Pepsico Inc. Phils Branch - 6

PT Quaker Indonesia 18 -

The Smith's Snackfood Company, Australia 4 -

Saudi Snack Foods Co. Ltd. 89 -

Pepsi Cola International Cork 164 -

vi) Reimbursement received

Ultimate holding company 1,167 395

PepsiCo Inc. 1,167 395

Fellow subsidiaries 1,056 2,713

PepsiCo Services Asia Limited - 3

Pepsico Asia R&D Center Co. Ltd - 0.35

PepsiCola(Thai) Trading Co. Ltd - 1

Pepsico Inc. Phils Branch - 1

Pepsi Lipton International Limited 461 155

Pepsico International Singapore Pte Ltd 133 165

PepsiCo Inc., Dubai 58 1,166

PT Quaker Indonesia - 36

PepsiCo Beverages (HK) Ltd. 98 204

PepsiCo Services Asia Limited 254 286

Pepsi Cola (Thai) Trading Co. Ltd. 3 5

Saudi Snack Foods Co. Ltd. 4 177

Fritolay Trading Company GMBH - 103

PepsiCola Products Philippines, Inc. 45 218

Pepsico Asia R&D Center Co. Ltd - 197

268
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

The Smith's Snackfood Company, Australia - (4)

Note 38: Related party disclosures (continued)

(c)Transactions with related parties (continued)

Particulars For the year ended 31 March 2020 For the year ended 31 March 2019

Joint venture 587 795

NourishCo Beverages Limited 587 795

viii) Loans recovered

Associates - 57

Pearl Beverages Limited 57

ix) Royalty income

Associates 542 564

Pearl Beverages Limited 542 558

Pearl Bottling Private Limited - 6

x) Royalty Expense

Ultimate holding company 1,397 1,230

PepsiCo Inc. 1,397 1,230

Fellow subsidiaries 3,072 2,778

Pepsi- Cola (Bermuda) Limited 1,520 2,673

Quaker Oats, USA 113 105

Balmoral Industries LLC 1,439 -

xi) Collection made on behalf of related parties

Joint venture 26 533

NourishCo Beverages Limited 26 533

xii) Contribution to provident and superannuation funds 3,159 3,722

Contribution to Provident Fund Trust 2,926 3,437

Contribution to Superannuation Fund Trust 233 285

1. Gross of CENVAT wherever applicable

269
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

(d) Key management personnel compensation

Short term employee benefits 358 718

Post employment benefits 35 223

Other long term benefits 166 115

Share based payments 35 162

Total compensation 593 1,218

Note 38: Related party disclosures (continued)

(e) Outstanding balances

Particulars As at 31 March 2020 As at 31 March 2019

Trade payables

Ultimate holding company - 287

PepsiCo Inc. - 287

Fellow subsidiaries 8,449 1,044

The Smith's Snack food Company, Australia 37 30

PepsiCola Products Philippines, Inc. 19 -

Pepsi Cola International Cork 185 -

PepsiCola (Thai) Trading Co. Ltd. - 16

Pepsi Cola International Cork - 349

Pepsi- Cola (Bermuda) Limited - 624

Quaker Oats, USA 27 25

Balmoral Industries 1,410 -

Portfolio Concentrate Solution UC 6,771 -

Trade receivables

Ultimate holding company 5,407 5,318

PepsiCo Inc. 5,407 5,318

Associates 1,158 1,364

Pearl Beverages Limited 1,158 531

Pearl Bottling Private Limited - 833

270
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Joint venture 1,061 146

NourishCo Beverages Limited 1,061 146

Fellow subsidiaries 11,969 1,711

PepsiCo Inc., Dubai 3,421 609

Pepsico International Singapore Pte Ltd 3,528 288

PepsiCo Beverages (HK) Ltd. 36 17

PepsiCo Services Asia Limited 12 129

PepsiCola (Thai) Trading Co. Ltd. 35 -

PepsiCola Products Philippines, Inc. - 110

PT Quaker Indonesia 152 79

Frito-Lay Trading Company GMBH 109 100

Pepsi Asia R&D Center 334 208

Saudi Snacks 261 171

Balmoral Industries 4,081 -

Other receivables

Fellow subsidiaries 175 195

Pepsi Lipton International Limited 175 195

Loans to related parties

Payable to Trusts 177 160

Payable to Provident Fund Trust 158 136

Payable to Superannuation Fund Trust 19 24

(f) Terms and conditions

All transactions with related parties are made on terms equivalent to those that prevail in arm's length transactions and within the
ordinary course of business.

Outstanding balances at the year end are unsecured.

*The details of KMP ( transaction basis ) are mentioned in note tagging

271
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

[611700] Notes - Other provisions, contingent liabilities and contingent assets

Disclosure of contingent liabilities [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Contingent liability on disputed sales tax
Classes of contingent liabilities [Axis] Other contingent liabilities [Member]
[Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Description of nature of obligation, contingent Refer to child
Refer to child member Sales tax matters Sales tax matters
liabilities member
Estimated financial effect of contingent
2,78,120 2,65,899 59,331 62,460
liabilities

Disclosure of contingent liabilities [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Contingent liability on disputed income Contingent liability on disputed excise
Classes of contingent liabilities [Axis]
tax [Member] demands [Member]
01/04/2019 01/04/2018 01/04/2019 01/04/2018
to to to to
31/03/2020 31/03/2019 31/03/2020 31/03/2019
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Description of nature of obligation, contingent Excise, service tax Excise, service tax
Income tax matters Income tax matters
liabilities and custom matters and custom matters
Estimated financial effect of contingent
1,66,241 1,52,289 52,548 51,150
liabilities

Disclosure of other provisions [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other provisions,
Classes of other provisions [Axis] Provision for taxes other than income tax [Member]
others [Member]
01/04/2019 01/04/2018 01/04/2019
to to 31/03/2018 to
31/03/2020 31/03/2019 31/03/2020
Disclosure of other provisions [Abstract]
Disclosure of other provisions [Line items]
Reconciliation of changes in other provisions
[Abstract]
Changes in other provisions [Abstract]
Additional provisions, other provisions
[Abstract]
Increase in existing provisions, other
2,692 7,262 1,707
provisions
Total additional provisions, other
2,692 7,262 1,707
provisions
Provision used, other provisions 2,672 3,609 1,035
Total changes in other provisions 20 3,653 672
Other provisions at end of period 33,027 33,007 29,354 9,557
Refer to child
Description of other provisions, others (A) Indirect taxes3 Indirect taxes3
member

Footnotes
(A) 3. Provision related to indirect taxes are in respect of proceedings for various indirect tax related matters.

272
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of other provisions [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other provisions [Axis] Other provisions, others [Member] Other provisions, others 1 [Member]
01/04/2018 01/04/2019 01/04/2018
to 31/03/2018 to to
31/03/2019 31/03/2020 31/03/2019
Disclosure of other provisions [Abstract]
Disclosure of other provisions [Line items]
Reconciliation of changes in other provisions
[Abstract]
Changes in other provisions [Abstract]
Additional provisions, other provisions
[Abstract]
Increase in existing provisions, other
1,413 10 68
provisions
Total additional provisions, other
1,413 10 68
provisions
Provision used, other provisions 1,244
Total changes in other provisions 169 10 68
Other provisions at end of period 8,885 8,716 127 117
Description of other provisions, others Refer to child member (A) Market fees1 Market fees1

Footnotes
(A) 1. Provision for market fees relates to possible liability for payment of market fees on sale, purchase and stock transfer of raw
materials (potatoes) from / to the State of Punjab.

Disclosure of other provisions [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other provisions,
Classes of other provisions [Axis] Other provisions, others 2 [Member]
others 1 [Member]
01/04/2019 01/04/2018
31/03/2018 to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of other provisions [Abstract]
Disclosure of other provisions [Line items]
Reconciliation of changes in other provisions
[Abstract]
Changes in other provisions [Abstract]
Additional provisions, other provisions
[Abstract]
Increase in existing provisions, other
198 0
provisions
Total additional provisions, other
198 0
provisions
Provision used, other provisions 0 105
Total changes in other provisions 198 -105
Other provisions at end of period 49 1,643 1,445 1,550
Description of other provisions, others (A) Stales2 Stales2

Footnotes
(A) 2. Provision for stales relates to claims for possible replacement / exchange of the products sold from retailers and stockists.

273
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Disclosure of other provisions [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other provisions [Axis] Other provisions, others 3 [Member]
01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Disclosure of other provisions [Abstract]
Disclosure of other provisions [Line items]
Reconciliation of changes in other provisions [Abstract]
Changes in other provisions [Abstract]
Additional provisions, other provisions [Abstract]
Increase in existing provisions, other provisions 1,499 1,345
Total additional provisions, other provisions 1,499 1,345
Provision used, other provisions 1,035 1,139
Total changes in other provisions 464 206
Other provisions at end of period 7,787 7,323 7,117
(A) Local / municipal and Local / municipal and
Description of other provisions, others other demands4 other demands4

Footnotes
(A) 4. Provision for local/ municipal and other demands from suppliers / customers and local authorities.
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of other provisions, contingent liabilities and contingent assets Textual information (40)
[TextBlock] [See below]
Textual information (41) Textual information (42)
Disclosure of other provisions [TextBlock] [See below] [See below]
Disclosure of contingent liabilities [TextBlock]
Whether there are any contingent liabilities Yes Yes

274
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (40)

Disclosure of other provisions, contingent liabilities and contingent assets [Text Block]

Note 42: Contingent liabilities and Commitments

1. Contingent liabilities

(i) Claims against the Group not acknowledged as debts* As at 3/31/2020 As at 3/31/2019

Excise, Service tax and custom matters 52,548 51,150

Sales tax matters 59,331 62,460

Income tax matters 166,241 152,289

278,120 265,899

The Group is of the firm belief that the above demands are not tenable and highly unlikely to be retained by higher authorities
and is accordingly not carrying any provision in its books in respect of such demands.

*the amounts disclosed are based on the orders/ notices received from the authorities

2. Commitments

Estimated amount of contracts remaining to be executed, to the extent not provided for:

Particulars As at 3/31/2020 As at 3/31/2019

Property, plant and equipment (net of advances) 46,090 24,929

Advertisement & marketing commitments 7,899 3,727

Textual information (41)

Disclosure of other provisions [Text Block]

Market fees Stales Indirect taxes Local / municipal and other demands

275
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (42)

Disclosure of other provisions [Text Block]

Market fees Stales Indirect taxes Local / municipal and other demands

[610500] Notes - Events after reporting period

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of events after reporting period [TextBlock]
Disclosure of non-adjusting events after reporting period [TextBlock]
Whether there are non adjusting events after reporting period No No

[612500] Notes - Share-based payment arrangements

Disclosure of terms and conditions of share-based payment arrangement [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Types of share-based payment arrangements [Axis] 1
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of terms and conditions of share-based payment arrangement [Abstract]
Disclosure of terms and conditions of share-based payment arrangement [Line items]
Textual information Textual information
Description of share-based payment arrangement (43) [See below] (44) [See below]

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2019 01/04/2018
to to 31/03/2018
31/03/2020 31/03/2019
Textual information (45)
Disclosure of share-based payment arrangements [TextBlock] [See below]
Whether there are any share based payment arrangement Yes Yes
Disclosure of terms and conditions of share-based payment arrangement
[TextBlock]
Disclosure of terms and conditions of share-based payment arrangement
[Abstract]
Disclosure of number and weighted average exercise prices of share options
[TextBlock]
Number of share options outstanding in share based payment arrangement
[Abstract]
Number of share options granted in share-based payment arrangement [pure] 29,868 [pure] 28,841
Number of share options forfeited in share-based payment arrangement [pure] -12,785 [pure] -22,144
Number of share options exercised in share-based payment arrangement [pure] -15,616 [pure] -20,912
Total changes of number of share options outstanding in share based
[pure] 1,467 [pure] -14,215
payment arrangement
Number of share options outstanding in share-based payment
[pure] 58,984 [pure] 57,517 [pure] 71,732
arrangement at end of period

276
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (43)

Description of share-based payment arrangement

The eligible employees of the holding company have been granted employee stock options under the Long Term Incentive program of the
ultimate parent company based on their performance criteria. The fair value of each option computed using the Black Scholes option pricing
model on the date of grant. The options granted to date have vesting period of three years or earlier in few cases. Vested options can be exercised
for a period of up to ten years from the grant date as long as the option holder continues to be in service with the holding company. The
compensation expense is recognized on a straight line over the vesting term for the stock options expected to vest as on the reporting date.

Textual information (44)

Description of share-based payment arrangement

The eligible employees of the holding company have been granted employee stock options under the Long Term Incentive program of the
ultimate parent company based on their performance criteria. The fair value of each option computed using the Black Scholes option pricing
model on the date of grant. The options granted to date have vesting period of three years or earlier in few cases. Vested options can be exercised
for a period of up to ten years from the grant date as long as the option holder continues to be in service with the holding company. The
compensation expense is recognized on a straight line over the vesting term for the stock options expected to vest as on the reporting date.

277
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (45)

Disclosure of share-based payment arrangements [Text Block]

Note 41: Share Based Payments

Certain employees of the holding company are entitled to participate in the Long-Term Incentive Program (‘the Program’) of
PepsiCo Inc., the ultimate parent company, whereby employees are granted Restricted Stock Units (shares) and/or Stock options
to purchase shares of PepsiCo Inc. The vesting of shares and stock options is generally conditional on completing specified
service term.

The holding company has recognized the fair value of the shares and stock options granted as employee stock compensation
cost with a corresponding credit to Equity settled Share Based Payments in accordance with the Ind AS 102, " Share based
payments".

The fair value of stock options granted is determined at the grant date using valuation techniques consistent with the generally
accepted valuation methodologies for pricing financial instruments and quoted markets value of the share of PepsiCo Inc. at the
grant date is considered as fair value for shares.

Expense for the year Rs. 2,399 (31 March 2019: Rs. 2,862) has been recorded under Employee benefit expenses in the
statement of profit and loss with a corresponding credit to Equity settled Share Based Payments.

Information about the program and other disclosures with respect to share based payment arrangements for eligible employees
is provided below:

(a)Restricted Share Units (RSU)

The eligible employees of the holding company have been granted restricted share units, or RSUs, under the Long Term
Incentive program of the ultimate parent company based on their performance criteria. Each RSU represents the right to receive
one common share of the ultimate parent company. The fair value of each RSU is the market price of one common share of the
ultimate parent company on the date of grant. The RSUs granted to date have vesting period of three years. The compensation
expense is recognized on a straight line over the vesting term.

Share based compensation cost in respect of RSU's amounting to Rs. 2,257 for the year ended 31 March, 2020 (31 March
2019: Rs.2,761) has been booked in the Statement of Profit and Loss.

The reconciliation of the RSU unit during the year is as follows:

Particulars No. of Units as at 31 March 2020 No. of Units as at 31 March 2019

Outstanding at the beginning of the year 57,517 71,732

Granted during the year 29,868 28,841

Forfeited/ expired during the year 12,785 22,144

Vested / Exercised during the year 15,616 20,912

Outstanding at the end of the year 58,984 57,517

(b)Employee Stock Options (ESOP)

The eligible employees of the holding company have been granted employee stock options under the Long Term Incentive
program of the ultimate parent company based on their performance criteria. The fair value of each option computed using the

278
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Black Scholes option pricing model on the date of grant. The options granted to date have vesting period of three years or earlier

279
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

in few cases. Vested options can be exercised for a period of up to ten years from the grant date as long as the option holder
continues to be in service with the holding company. The compensation expense is recognized on a straight line over the vesting
term for the stock options expected to vest as on the reporting date.

Share based compensation cost in respect of ESOP's amounting to Rs.142 for the year ended 31 March 2020 (31 March 2019:
Rs 101) has been booked in the Statement of Profit and Loss.

The number and weighted average exercise prices of share options under employee stock option plans are as follows:

As at 31 As at 31
March March
2020 2019

Weighted Weighted Weighted Weighted Weighted Weighted

No. of average average average No. of average average average
Particulars
options exercise price exercise price remaining Options exercise exercise remaining
(USD) (Rs.) life price(USD) price(INR) life

Outstanding at
the beginning of 83,573 127 8,858 6 107,277 90 5,922 6
the year

Granted during
8,321 132 9,349 9 9,114 115 7,978 9
the year

Forfeited/
expired during 5,198 108 7,659 - 13,241 4 286 -
the year

Exercised
20,170 - - - 9,093 - - -
during the year

Outstanding at
the end of the 66,526 98 6,968 6 83,573 127 8,858 6
year

Exercisable at
the end of the 49,294 82 5,815 - 40,890 67 4,690 -
year

The fair value of each Option is estimated on the date of grant using the Black Scholes option pricing model with the following
assumptions:

Particulars Year ended Year ended Year ended Year ended

31 March 2020 (USD) 31 March 2020 (Rs.) 31 March 2019 (USD) 31 March 2019 (Rs.)

Share Price 125.70-119.53 9495- 8624 121.27-122.76 8425-8528

Exercise Price 125.70-119.53 9495- 8624 121.27-122.76 8425-8528

280
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Expected Volatility 14% 14% 12% 12%

Expected Life 5 years 5 years 5 years 5 years

Expected dividend yield 3.10% 3.10% 2.70% 2.70%

Risk-free interest rate 2.40% 2.40% 2.60% 2.60%

The expected life is the period over which employee groups are expected to hold their options. It is based on our historical
experience with similar grants. The risk-free interest rate is based on the expected U.S. Treasury rate over the expected life.
Volatility reflects movements in PepsiCo Inc. share price over the most recent historical period equivalent to the expected life.
Dividend yield is estimated over the expected life based on PepsiCo Inc. stated dividend policy and forecasts of net income,
share repurchases and stock price of the ultimate parent company.

[613000] Notes - Earnings per share

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Textual information (46)
Disclosure of earnings per share [TextBlock] [See below]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations [INR/shares] 1.18 [INR/shares] 0.03
Total basic earnings (loss) per share [INR/shares] 1.18 [INR/shares] 0.03
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations [INR/shares] 1.18 [INR/shares] 0.03
Total diluted earnings (loss) per share [INR/shares] 1.18 [INR/shares] 0.03
Profit (loss), attributable to ordinary equity holders of parent entity
[Abstract]
Profit (loss) from continuing operations attributable to ordinary
43,450 1,264
equity holders of parent entity
Profit (loss), attributable to ordinary equity holders of parent entity 43,450 1,264
Profit (loss) from continuing operations attributable to
ordinary equity holders of parent entity including dilutive 43,450 1,264
effects
Profit (loss), attributable to ordinary equity holders of parent
43,450 1,264
entity including dilutive effects
Weighted average shares and adjusted weighted average shares [Abstract]
Weighted average number of ordinary shares outstanding [shares] 369,49,86,213 [shares] 369,49,86,213

281
PEPSICO INDIA HOLDINGS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2019 to 31/03/2020

Textual information (46)

Disclosure of earnings per share [Text Block]

Note 34: Earnings per share

The calculations of profit attributable to equity shareholders and weighted average number of equity shares outstanding for
purposes of earnings per share calculations are as follows:

Particulars As at 3/31/2020 As at 3/31/2019

Profit for the year - (A) 43,450 1,264

Calculation of weighted average number of equity shares

Number of equity shares at the beginning of the year 3,694,986,213 3,694,986,213

Number of equity shares outstanding at the end of the year 3,694,986,213 3,694,986,213

Weighted average number of shares outstanding during the year - (B) 3,694,986,213 3,694,986,213

Face value of each equity share (Rs.) (in absolute terms) 10 10

Basic and diluted earnings per equity share ( in absolute terms ) (Rs.) - (A)/(B) 1.18 0.03

[610900] Notes - First time adoption

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2019 01/04/2018
to to
31/03/2020 31/03/2019
Disclosure of first-time adoption [TextBlock]
Whether company has adopted Ind AS first time No No

282