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Consolidated Financials
189
CORPORATE OVERVIEW (1-31)
STATUTORY REPORTS (46-122)
FINANCIALS
NOTESFORMINGPARTOFCONSOLIDATEDFINANCIALSTATEMENTS
1) Tata Cummins Ltd.
India
50 . 00
90 . 00
-
206 . 61
296 . 61
50.00
90.00
-
155.09
245.09
2) Tata AutoComp Systems Ltd.
India
26 . 00
77 . 47
-
13 . 34
90 . 81
26.00
77.47
-
(22.97)
54.50
3) NITACompany Ltd.
Bangladesh
40 . 00
1 . 27
( 0 . 43 )
6 . 34
7 . 61
40.00
1.27
(0.43)
6.67
7.94
4) Automobile Corporation of Goa Ltd.
India
47 . 18
109 . 62
55 . 28
22 . 02
131 . 64
44.21
103.76
54.01
16.95
120.71
5) Jaguar Cars Finance Ltd
UK
49 . 90
0 . 51
-
-
0 . 51
49.90
0.51
-
-
0.51
6) Telco Construction Equipment Company Ltd.
India
40 . 00
80 . 20
0 . 20
57 . 77
137 . 97
40.00
80.20
0.20
155.69
235.89
7) Spark 44 Limited (w.e.f. June 27, 2011)
UK
50 . 00
3 . 40
-
-
3 . 40
Total
362.47
55.05
306.08
668.55
353.21
53.78
311.43 664.64
(5) As per the shareholders agreement dated March 30, 2010, between Hitachi Construction Machinery Co. Ltd and the Company, shares of Telcon Construction
Equipment Company Limited owned by the Company are under restriction for sale, assign or transfer for a period of three years from the date of the agreement.
Name of the associates
Sr.No.
Countryof
incorporation
Ownership
interest (%)
Original cost of
investment
Amountof
goodwill/
(Capital
Reserve) in
original cost
Share of post
acquisition
Reserves and
surplus
Carrying
amountof
investments
(
`
in crores)
As at
As at
March 31,
March 31,
2012
2011
14. Goodwill (on consolidation)
Opening balance
3,584.79
3,422.87
Add: Goodwill on acquisitions
-
27.67
Add: Addition due to increase in stake in subsidiary companies
204.13
-
Less: Impairment
(139.18)
(19.37)
Add: Impact of foreign currency translation
444.00
153.62
Closing balance
4,093.74
3,584.79
As at
As at
March 31,
March 31,
2012
2011
15. Non-current investments
(A) Investments in equity accounted investees :
(a) Carrying amount of investments in associates (Note 4 below)
668.55
664.64
(b) Fully paid Cumulative Redeemable Preference shares (Unquoted)
-
21.00
668.55
685.64
(B) Others
(at cost)
(i) Quoted
(a) Equity shares
297.98
285.64
(b) Bonds
2.69
2.44
(ii) Unquoted
(a) Equity shares
353.49
344.00
(b) Cumulative redeemable preference shares
2.00
12.00
(c) Non convertible debentures
3.50
4.25
(d) Mutual fund
38.00
-
(e) Optionally convertible debentures
4.11
6.22
(f ) Retained interest in securitisation transactions
0.38
0.58
702.15
655.13
(C) Provision for diminution in value of Investments (net)
(4.16)
(4.16)
(D) Advance against investments
25.00
-
Total
1,391.54
1,336.61
Notes:
(1) Book value of quoted investments (other than in associates)
300.67
288.08
(2) Book value of unquoted investments (other than in associates)
422.32
362.89
(3) Market value of quoted investments (other than in associates)
288.35
337.13
(4) The particulars of investments in associate companies as of March 31, 2012 are as follows:
FINANCIAL HIGHLIGHTS (32-45)