53
Notice
Directors’Report
(53-68)
Management Discussion & Analysis
Corporate Governance
Secretarial Audit Report
DIRECTORS’ REPORT
TO THE MEMBERS OF TATA MOTORS LIMITED
The Directors present their Sixty-Ninth Annual Report and the Audited Financial Statement for FY 2013-14. As required under the Ministry of
Corporate Affairs’General Circular 08/2014 No. 1/19/2013-CL-V dated April 4, 2014, the Financial Statements and other reports required to be
attached to the Annual Report for FY 2013-14 are governed by the relevant provisions, schedules, rules of the Companies Act, 1956.
FINANCIAL PERFORMANCE SUMMARY
(
`
in crores)
Company
(Standalone)
Tata Motors Group
(Consolidated)
FY 2013-14 FY 2012-13 FY 2013-14 FY 2012-13
Financial Results
Gross revenue
37,758.00
49,319.73
236,626.43
193,698.47
Net revenue (excluding excise duty)
34,288.11
44,765.72
232,833.66
188,792.69
Total expenditure
34,770.52
42,631.65
195,430.75
162,175.12
Operating profit / (loss)
(482.41)
2,134.07
37,402.91
26,617.57
Other income
3,833.03
2,088.20
828.59
815.59
Profit before Finance cost, depreciation, amortization, exceptional item and tax
3,350.62
4,222.27
38,231.50
27,433.16
Finance cost
1,337.52
1,387.76
4,733.78
3,560.25
Cash profit
2,013.10
2,834.51
33,497.72
23,872.91
Depreciation, amortization and product development / engineering expenses
2,499.04
2,243.38
13,643.37
9,622.87
Profit / (loss) for year before exceptional items and tax
(485.94)
591.13 19,854.35
14,250.04
Exceptional items - loss (net)
539.86
416.20
985.38
602.71
Profit / (loss) before tax
(1,025.80)
174.93
18,868.97
13,647.33
Tax expenses / (credit)
(1,360.32)
(126.88)
4,764.79
3,776.66
Profit after tax
334.52
301.81
14,104.18
9,870.67
Share of minority interest and share of profit of associates (net)
-
-
(113.16)
21.94
Profit for the year
334.52
301.81 13,991.02
9,892.61
Appropriations
Profit for the year
334.52
301.81 13,991.02
9,892.61
Add: Balance brought forward from previous year
1,342.79
1,663.91
27,305.87
18,162.02
Amount available for appropriations
1,677.31
1,965.72 41,296.89 28,054.63
Less: appropriations / (transfer from)
Debenture Redemption Reserve
-
(130.00)
-
(130.00)
General Reserve
33.45
30.18
54.45
59.48
Other Reserves
-
-
21.88
63.14
Dividend (including dividend distribution tax)
666.27
722.75
690.08
756.14
Balance carried to Balance Sheet
977.59
1,342.79 40,530.48 27,305.87
