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Consolidated Financials
197
CORPORATE OVERVIEW (1-31)
STATUTORY REPORTS (46-122)
FINANCIALS
32. Relatedparty disclosures for the year endedMarch 31, 2012
(A) Relatedpartyandtheir relationship
Associates :
KeyManagement Personnel :
Tata AutoComp Systems Ltd
Mr. P MTelang
Tata Cummins Ltd
Mr. Carl Peter Forster
(up to September 8, 2011)
Tata Sons Ltd (Investing Party)
In Subsidiary Companies :
Nita Company Ltd
Dr. Ralf Speth
Tata Precision Industries (India) Ltd
Automobile Corporation of Goa Ltd
Jaguar Cars Finance Limited
Telco Construction Equipment Co Ltd
Spark 44 Limited
(w.e.f. June 27, 2011)
Joint Ventures :
Fiat India Automobiles Ltd
Tata HAL Technologies Ltd
(
`
in crores)
(B) Transactionswith the relatedparties
2011-2012
Key Management
JointVenture
Associates
Personnel
Total
Purchase of goods
1,864.21
4,125.87
-
5,990.08
2,200.44
3,232.32
-
5,432.76
Sale of goods (inclusive of sales tax)
239.55
478.27
-
717.82
228.46
371.37
-
599.83
Purchase of investment
-
-
-
-
-
5.86
-
5.86
Services received
0.30
60.76
76.83
137.89
1.35
63.36
29.02
93.73
Services rendered
4.33
20.56
-
24.89
1.53
21.85
-
23.38
Finance given (including loans and equity)
-
71.00
-
71.00
-
89.00
-
89.00
Finance taken (including loans and equity)
-
94.00
-
94.00
-
83.00
-
83.00
Interest / dividend paid/(received) (net)
(16.45)
232.50
-
216.05
(10.65)
177.93
-
167.28
(C) Balanceswith the relatedparties
Amount receivable
2.27
73.73
-
76.00
1.33
57.01
-
58.34
Amount payable
56.34
108.69
-
165.03
0.36
117.82
-
118.18
Amount receivable (in respect of loans, interest & dividend)
151.88
27.63
0.09
179.60
149.27
30.83
0.10
180.20
Amount payable (in respect of loans, interest & dividend)
-
30.20
-
30.20
-
-
-
-
Bills discounted (in respect of amount receivable)
-
25.53
-
25.53
-
-
-
-
Bank guarantee / deposits given as security
-
3.00
-
3.00
-
3.00
-
3.00
2011-2012
2010-2011
(D) Disclosure in respect ofmaterial transactionswith relatedparties
(i) Purchase of goods
Tata Cummins Ltd
3,267.67
2,472.84
Fiat India Automobiles Ltd
1,864.21
2,200.44
Tata AutoComp Systems Ltd
561.80
455.51
(ii) Sale of goods
Tata Cummins Ltd
250.53
227.49
Fiat India Automobiles Ltd
238.99
228.17
Nita Company Ltd
168.75
105.24
Telco Construction Equipment Co. Ltd
58.10
38.62
(iii) Purchase of investments
Tata Sons Ltd
-
5.86
(iv) Services received
Tata Sons Ltd
60.76
63.06
(v) Services rendered
Tata Cummins Ltd
5.76
6.03
Telco Construction Equipment Co. Ltd
12.20
12.49
Fiat India Automobiles Ltd
4.15
1.52
(vi) Finance given including loan and equity
Automobile Corporation of Goa Ltd
36.00
89.00
Telco Construction Equipment Co. Ltd
35.00
-
(vii) Finance taken including loan and equity
Automobile Corporation of Goa Ltd
59.00
83.00
Telco Construction Equipment Co. Ltd
35.00
-
(viii) Interest / dividend paid / (received)
Dividendpaid
Tata Sons Limited
290.77
240.86
Dividend received
Tata Cummins Ltd
(27.00)
(22.50)
Dividend received
Tata Sons Limited
(10.60)
(9.36)
Dividend received
Telco Construction Equipment Co. Ltd
(14.91)
(23.86)
Interest received
Fiat India Automobiles Ltd
(59.19)
(33.29)
Interest paid
Fiat India Automobiles Ltd
42.74
22.65
Deposits given
Tata Sons Limited
-
3.00
NOTESFORMINGPARTOFCONSOLIDATEDFINANCIALSTATEMENTS
FINANCIAL HIGHLIGHTS (32-45)