199
(
r
in crores)
(B)
Transactions with the related parties
JointVenture
Associates
Key Management
Personnel
2013 - 2014
Total
Purchase of goods
2,159.77
481.23
-
2,641.00
2,612.64
637.89
-
3,250.53
Sale of goods (inclusive of sales tax)
556.96
137.41
-
694.37
311.60
126.80
-
438.40
Services received
90.68
18.96
41.34
150.98
0.26
26.26
39.98
66.50
Services rendered
256.81
13.17
-
269.98
66.18
13.14
-
79.32
Redemption / buy back of investments
9.62
-
-
9.62
-
31.00
-
31.00
Finance given (including loans and equity)
1,063.26
26.86
-
1,090.12
35.51
0.01
-
35.52
Finance given, taken back (including loans and equity)
-
-
-
-
-
23.83
-
23.83
Finance taken (including loans and equity)
-
33.50
-
33.50
-
50.00
-
50.00
Finance taken, paid back (including loans and equity)
-
37.00
-
37.00
-
50.50
-
50.50
Interest / Dividend paid/(received) (net)
(11.35)
119.20
-
107.85
(18.78)
210.48
-
191.70
(C)
Balances with the related parties
Amount Receivable
155.10
23.21
-
178.31
71.78
14.25
-
86.03
Amount Payable
176.56
48.21
-
224.77
18.44
48.49
-
66.93
Amount Receivable (in respect of loans, interest and dividend)
173.30
-
-
173.30
162.57
3.80
-
166.37
Amount Payable (in respect of loans, interest and dividend)
-
16.00
-
16.00
-
29.50
-
29.50
Bills discounted (in respect of amount receivable)
-
7.60
-
7.60
-
5.12
-
5.12
Bank Guarantee / Other assets given as security
-
3.00
-
3.00
-
3.00
-
3.00
# Includes
R
5.48 crores
(Previous year
`
Nil) of managerial remuneration which is subject to the approval of the Central Government and shareholders and
R
12.23 crores
(Previous year
`
Nil) of managerial remuneration which is subject to the approval of shareholders.
* Less than
R
5,000/-
Note : Current year figures are shown in bold and comparative figures for the previous year are shown below current year.
31. Related party disclosures for the year ended March 31, 2014
(A)
Related parties and their relationship
Associates :
Joint Ventures :
Key Management Personnel :
Tata AutoComp Systems Ltd
Fiat India Automobiles Ltd
Mr. Karl Slym (upto January 26, 2014)
Tata Sons Ltd (Investing Party)
Tata Cummins Ltd
Mr. R Pisharody
Nita Company Ltd
Tata HAL Technologies Ltd
Mr. S B Borwankar
Tata Precision Industries (India) Ltd
Chery Jaguar Land Rover Automotive Co. Ltd
Automobile Corporation of Goa Ltd
Suzhou Chery Jaguar Land Rover Trading Co. Ltd
Jaguar Cars Finance Limited
(Ownership transferred to Chery Jaguar Land Rover
In Subsidiary Companies :
Tata Hitachi Construction Machinery Company Ltd
Automotive Co. Ltd w.e.f. November 2013)
Dr. Ralf Speth
(D)
Disclosure in respect of material transactions with related parties
2013 - 2014
2012 - 2013
(i)
Purchase of Goods
Tata Cummins Ltd
910.77
1,149.46
Fiat India Automobiles Ltd
1,249.00
1,463.18
Automobile Corporation of Goa Ltd
282.21
272.93
Tata AutoComp Systems Ltd
198.26
425.80
(ii)
Sale of Goods
Tata Cummins Ltd
72.26
-
Fiat India Automobiles Ltd
483.05
311.11
Nita Company Ltd
108.60
94.19
Tata Hitachi Construction Machinery Co. Ltd
21.15
31.56
(iii)
Services received
Tata Sons Ltd
18.31
26.11
Fiat India Automobiles Ltd
0.20
0.24
(iv)
Services rendered
Tata Cummins Ltd
3.23
-
Fiat India Automobiles Ltd
2.56
28.93
Tata Hitachi Construction Machinery Co. Ltd
10.27
10.34
(v)
Finance given including Loan and Equity
Tata AutoComp Systems Ltd
26.86
-
Chery Jaguar Land Rover Automotive Co. Ltd
900.76
-
(vi)
Finance taken including Loan and Equity
Automobile Corporation of Goa Ltd
33.50
50.00
(vii)
Finance taken, paid back (including loans and equity)
Automobile Corporation of Goa Ltd
(
37.00)
(50.50)
(viii)
Interest/Dividend paid/(received)
Dividend paid
Tata Sons Limited
140.89
282.99
Dividend received
Tata Sons Limited
(9.90)
(11.20)
Interest paid
Fiat India Automobiles Ltd
15.44
75.96
Interest received
Fiat India Automobiles Ltd
(26.79)
(93.47)
NOTES FORMING PART OF CONSOLIDATED FINANCIAL STATEMENTS
#
*
Independent Auditors’Report
Balance Sheet
(176-206)
Statement of Profit and Loss
Cash Flow Statement
Notes to Accounts
