Statutory Reports
Corporate Overview
69th Annual Report 2013-14
206
Financial Statements
(Consolidated)
(b)
The share of profit / (loss) in respect of investments in associate companies include figures which are considered as per unaudited
financial statements for the year ended March 31, 2014, as per details given below :
(c)
During the year ended March 31, 2014, Jaguar Land Rover Automotive Plc (JLR), an indirect subsidiary of the Company, issued USD 700 million
4.125% Senior Notes, due 2018 and GBP 400 million 5.0% Senior Notes, due 2022. The net proceeds from these issues have been used to refinance
existing debts and for general corporate purposes.
(d)
Subsequent to the year ended March 31, 2014, TML Holdings Pte Ltd Singapore (TMLHS), a subsidiary of the Company has issued USD 300 million
(approximately
`
1,804.05 crores), 5.75% Senior Notes due 2021.
(e)
Previous year figures have been regrouped / reclassified whereever necessary to correspond with the current year classification / disclosure.
(f)
Capital Work-in-progress as at March 31, 2014 includes building under construction at Singur in West Bengal of
`
309.88 crores for the purposes of
manufacturing automobiles. In October 2008, the Company moved the Nano project from Singur inWest Bengal to Sanand in Gujarat. In June 2011,
the newly elected Government of West Bengal (State Government) enacted a legislation to cancel land lease agreement. The Company challenged
the legal validity of the legislation. In June 2012, the High Court of Calcutta ruled against the validity of the legislation and restored Company’s
rights under the land lease agreement. The State Government filed an appeal in the Supreme Court of India, which is pending disposal. Based on
management’s assessment no provision is considered necessary to the carrying cost of buildings at Singur.
(g)
Current year figures are shown in bold prints
(
`
in crores)
Net Worth As at
March 31, 2014
Total Revenue for
the year ended
March 31, 2014
Net Increase /
(Decrease) in Cash
& Cash equivalent
during 2013-2014
(i) Subsidiaries :
Tata Hispano Motors Carrocera S.A and its subsidiary
(682.90)
296.60
(17.87)
Tal Manufacturing Solutions Ltd
52.28
130.93
(2.29)
PT Tata Motors Indonesia and its subsidiary
19.55
14.19
(14.15)
Trilix S.r.l
15.51
68.53
(2.42)
Tata Precision Industries Pte Ltd
1.11
-
0.02
(594.45)
510.25
(36.71)
(ii) Joint venture :
Fiat India Automobiles Ltd
1,032.66
1,928.74
(74.19)
Total (i + ii)
438.21
2,438.99
(110.90)
For the year ended / as at March 31, 2013
51.43
2,357.32
(261.40)
35. The additional disclosure as required by AS 7 (Revised) on Construction Contracts:
(a)
Advance received is
`
7.75 crores
(as at March 31, 2013
`
14.01 crores)
(b)
Retention money is
`
8.79 crores
(as at March 31, 2013
`
13.28 crores)
(c)
Contract revenue recognised during the year is
`
49.46 crores
(2012-13
`
54.36 crores)
(d)
Aggregate amount of costs incurred and recognised profits (less recognised losses)
`
235.49 crores
( as at March 31, 2013
`
259.02 crores)
36. Other Notes
(a)
The following subsidiaries / joint venture have been considered on Unaudited basis. Details for the same as per individual entity’s financials are as under :
(
`
in crores)
Profit / (Loss) for the
year ended
March 31, 2014
Tata Hitachi Construction Machinery Company Ltd
(76.14)
Nita Company Ltd.
5.13
(71.01)
For the year ended March 31, 2013
(48.58)
NOTES FORMING PART OF CONSOLIDATED FINANCIAL STATEMENTS
Mumbai, May 29, 2014
NNWADIA
R AMASHELKAR
S BHARGAVA
NMUNJEE
V K JAIRATH
F NAYAR
R SPETH
Directors
CYRUS PMISTRY
Chairman
RAVI KANT
Vice-Chairman
R PISHARODY
ExecutiveDirector
S B BORWANKAR
ExecutiveDirector
C RAMAKRISHNAN
ChiefFinancialOfficer
HK SETHNA
CompanySecretary
For and on behalf of the Board
