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59
72nd Annual Report 2016-17
(
`
in crores)
2016-2017
2015-2016
1 INCOME
Income from operations
274,492.12
277,660.59
Other income
754.54
885.35
Total
275,246.66
278,545.94
2 EXPENDITURE
Cost of materials consumed
159,369.55
153,292.49
Purchase of products for sale
13,924.53
12,841.52
Changes in inventories of finished goods, work-in-progress and products for sale
(7,399.92)
(2,750.99)
Excise duty
4,799.61
4,614.99
Employee benefits expense
28,332.89
28,880.89
Finance costs
4,238.01
4,889.08
Foreign exchange (gain)/loss (net)
3,910.10
1,616.88
Depreciation and amortisation expense
17,904.99
16,710.78
Product development/Engineering expenses
3,413.57
3,468.77
Other expenses
55,430.06
55,683.75
Amount capitalised
(16,876.96)
(16,678.34)
Total Expenses
267,046.43
262,569.82
Profit/(loss) before exceptional items and tax
8,200.23
15,976.12
Employee separation cost
67.61
32.72
Others
(1,182.17)
1,817.63
3 PROFIT BEFORE TAX FROM CONTINUING OPERATIONS
9,314.79
14,125.77
4
Tax expense (net)
3,251.23
3,025.05
5 PROFIT AFTER TAX FROM CONTINUING OPERATIONS (3-4)
6,063.56
11,100.72
6
Share of profit of joint ventures and associates (net)
1,493.00
577.47
7 PROFIT FOR THE YEAR
7,556.56
11,678.19
8 TOTAL OTHER COMPREHENSIVE INCOME/(LOSS)
(27,494.57)
3,157.46
9 TOTAL COMPREHENSIVE INCOME/(LOSS) FOR THE YEAR
(19,938.01)
14,835.65
SUMMARISED STATEMENT OF PROFIT AND LOSS
(CONSOLIDATED)