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54
Sixty-Seventh Annual Report 2011-2012
DIRECTORS’
REPORT
TOTHEMEMBERSOFTATAMOTORS LIMITED
The Directors present their Sixty-Seventh Annual Report and the Audited Statement of Accounts for the year ended
March 31, 2012.
FINANCIAL PERFORMANCE SUMMARY
(
`
in crores)
FINANCIALRESULTS
Gross revenue
59,220.94 51,183.95 170,677.58
126,414.24
Net revenue (excluding excise duty)
54,306.56 47,088.44 165,654.49
122,127.92
Total expenditure
49,894.76 42,282.07 141,954.02
104,312.89
Operating profit
4,411.80
4,806.37 23,700.47
17,815.03
Other income
574.08
422.97
661.77
429.46
Profit before interest, depreciation, amortization,
Exceptional item and tax
4,985.88
5,229.34 24,362.24
18,244.49
Finance cost
1,218.62
1,383.70
2,982.22
2,385.27
Cash profit
3,767.26
3,845.64 21,380.02
15,859.22
Depreciation, amortization and product
Development / engineering expenses
1,840.99
1,502.00
7,014.61
5,653.06
Profit for the year before exceptional items & tax
1,926.27
2,343.64 14,365.41
10,206.16
Exceptional items - loss/(gain)
585.24
147.12
831.54
(231.01)
Profit before tax
1,341.03
2,196.52 13,533.87
10,437.17
Tax expense/(credit)
98.80
384.70
(40.04)
1,216.38
Profit after tax
1,242.23
1,811.82 13,573.91
9,220.79
Share of minority interest and share of profit of associates(net)
-
-
57.41
(52.83)
Profit for the year
1,242.23
1,811.82 13,516.50
9,273.62
APPROPRIATIONS
Profit for the year
1,242.23
1,811.82 13,516.50
9,273.62
Balance brought forward from previous year – profit/(loss)
2,078.92
1,934.13
6,461.49
(1,017.85)
Amount available for appropriations
3,321.15
3,745.95 19,977.99
8,255.77
Less: appropriations
Debenture Redemption Reserve
70.00
-
70.00
-
General Reserve
125.00
200.00
158.03
228.78
Other Reserves
-
-
65.38
84.20
Dividend (including dividend distribution tax)
1,462.24
1,467.03
1,488.62
1,481.30
Balance carried to Balance Sheet
1,663.91
2,078.92 18,195.96
6,461.49
Company
(Standalone)
Tata Motors Group
(Consolidated)
FY 2011-12
FY 2011-12 FY 2010-11
FY 2010-11