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F-65
B.
Statement of Profit and Loss
(
R
in crores)
Year ended March 31,
2017
2016
I.
Income from operations
48,319.90
46,715.90
II.
Other Income
982.12
1,406.58
III.
Total Income (I + II)
49,302.02
48,122.48
IV.
Expenses:
(a)
Cost of materials consumed
27,390.59
24,313.08
(b) Purchase of products for sale
4,405.11
5,259.27
(c)
Changes in inventories of finished goods, work-in-progress, and products for sale
(193.81)
22.94
(d) Excise duty
4,506.71
4,325.81
(e)
Employee benefits expense
3,401.34
3,048.71
(f)
Finance cost
1,556.90
1,541.54
(g) Foreign exchange (gain)/loss (net)
(253.82)
200.86
(h)
Depreciation and amortisation expense
2,763.11
2,144.89
(i)
Product development/Engineering expenses
453.33
417.89
(j)
Other expenses
8,494.68
8,003.71
(k)
Amount capitalised
(941.55)
(1,034.18)
Total Expenses (IV)
51,582.59
48,244.52
V.
Profit/(loss) before exceptional items and tax (III - IV)
(2,280.57)
(122.04)
VI.
Exceptional Items
(a)
Provision for impairment of investments and cost associated with closure of operations of a subsidiary
-
97.86
(b) Provision for impairment of investment in a subsidiary
123.17
-
(c)
Impairment of capitalised property, plant and equipment and other intangible assets
-
163.94
(d) Employee separation cost
67.61
10.04
(e)
Others
147.93
-
VII.
Profit/(loss) before tax (V-VI)
(2,619.28)
(393.88)
VIII.
Tax expense/(credit) (net)
(a)
Current tax
(8.52)
(88.52)
(b) Deferred tax
(13.14)
(2.92)
Total Tax Expense/(credit)
(21.66)
(91.44)
IX.
Profit/(loss) for the period from continuing operations (VII-VIII)
(2,597.62)
(302.44)
X.
Other comprehensive income/(loss):
A.
(i) Items that will not be reclassified to profit and loss:
a. Remeasurement gains and (losses) on defined benefit obligations (net)
14.66
21.94
b. Equity instruments fair value through other comprehensive income
73.84
81.19
(ii) Income tax (expense)/credit relating to items that will not be reclassified to profit or loss
(5.07)
(7.60)
B.
(i) Items that will be reclassified to profit or loss - gains and (losses) in cash flow hedges
23.32
(13.98)
(ii) Income tax (expense)/credit relating to items that will be reclassified to profit or loss
(8.07)
4.68
Total other comprehensive income/(loss), net of taxes
98.68
86.23
XI.
Total comprehensive income/(loss) for the period (IX+X)
(2,498.94)
(216.21)
XII.
Earnings per equity share (EPS)
A.
Ordinary shares (face value of
R
2 each) :
(i)
Basic
R
(7.65)
(0.89)
(ii)
Diluted
R
(7.65)
(0.89)
B.
‘A’Ordinary shares (face value of
R
2 each) :
(i)
Basic
R
(7.65)
(0.89)
(ii)
Diluted
R
(7.65)
(0.89)
NOTES FORMING PART OF FINANCIAL STATEMENTS