165
NOTES FORMING PART OF FINANCIAL STATEMENTS
(
`
in crores)
33. Purchase of products for sale
2013-2014
2012-2013
(a)
Spare parts and accessories for sale
1,540.58
1,735.82
(b)
Bodies and trailers for mounting on chassis
985.96
1,045.84
(c)
Vehicles
50,653 nos.
(2012-13 : 47,973 nos.)
2,523.28
3,082.79
5,049.82
5,864.45
34. Expenditure incurred on research and development
2013-2014
2012-2013
(a)
Revenue expenditure - charged to Statement of Profit and Loss
413.55
500.15
(b)
Revenue expenditure - capitalised
1,618.76
1,142.38
(c)
Capital expenditure
112.04
116.78
2,144.35
1,759.31
2013-2014
2012-2013
35. (a) Auditors’ remuneration (excluding service tax)
(i)
Audit fees
4.50
4.25
(ii)
Audit fees for financial statements as per IFRS
(including SOX certification)
3.60
3.25
(iii)
In other capacities :
Company law matters (
`
35,000 for 2013-14,
`
35,000 for 2012-13)
-
-
Tax audit / Transfer pricing audit*
0.75
0.49
Taxation matters*
0.34
0.47
(iv) Other services*
0.62
0.09
(v)
Reimbursement of travelling and out-of-pocket expenses
0.15
0.27
(b) Cost Auditors’ remuneration (excluding service tax)
(i)
Cost Audit fees
0.20
0.20
(ii)
Reimbursement of travelling and out-of-pocket expenses
0.01
0.01
*Includes payment to an affiliate firm of statutory auditors
0.97
0.47
36. Details of provision
2013-2014
2012-2013
(a) Product warranty
Opening balance
433.62
452.76
Add: Provision for the year (net)
331.12
353.08
Less: Payments / debits (net of recoveries from suppliers)
(355.26)
(372.22)
Closing balance
409.48
433.62
Current
263.24
309.38
Non-current
146.24
124.24
(b) Provision for Delinquency
Opening balance
337.24
148.11
Add: Provision for the year (net)
935.86
297.03
Less: Payments / debits (net)
(255.49)
(107.90)
Closing balance
1,017.61
337.24
Current
770.94
242.81
Non-current
246.67
94.43
(c) Premium on redemption of Foreign Currency Convertible Notes (FCCN) and Convertible Alternative
Reference Securities (CARS)
Opening balance
34.21
912.50
Foreign currency exchange (gain) /loss
0.94
82.97
Premium on redemption of FCCN / CARS (including withholding tax)
(35.15)
(843.37)
Reversal of provision for premium due to conversion of FCCN/CARS
-
(19.92)
Provision / (Reversal of provision) for withholding tax upon conversion / redemption / foreign currency
exchange of FCCN / CARS
-
(97.97)
Closing balance
-
34.21
Non current
-
34.21
Independent Auditors’Report
Balance Sheet
(134-169)
Statement of Profit and Loss
Cash Flow Statement
Notes to Accounts
