Standalone Balance Sheet
Property, plant and equipment and Other Intangible assets.
There is increase (net of depreciation and amortization) in the intangible and tangible assets in FY 2018-19, mainly due to new product introduction.
Investments in subsidiaries, joint ventures and associates were Rs.15,028.62 crores as at March 31, 2019, as compared to Rs.14,632.51 crores as at March 31, 2018. During FY 2018-19, the Company made additional investments of Rs.600 crores in Tata Motors Finance Holdings Ltd.
Investments (Current + Non-current) were Rs.1,838.75 crores as at March 31, 2019, as compared to Rs.2,131.06 crores as at March 31, 2018. The details are as follows:
There was decrease in mutual fund investments in FY 2018-19. Decrease in quoted equity shares were due to decrease in market value as at March 31, 2019. Increase in unquoted equity shares is due to unrealized fair value gains as at March 31, 2019.
Loans and Advances
Loans and advances include advance to suppliers, contractors etc. Advance and other receivables increased to Rs.129.55 crores as at March 31, 2019, as compared to Rs.68.03 crores as at March 31, 2018.
Other Financial Assets (Current + Non-current)
The above includes Rs.997.03 crores as at March 31, 2019 on account of accrual of Government grants receivable as compared to Rs.878.54 of FY 2017-18. Further, it also consists of Rs.392.00 crores of derivative financial instruments, as at March 31, 2019 compared to Rs.242.34 crores as at March 31, 2018, reflecting notional asset due to the valuation of derivative contracts. The increase is also due to deposits placed with financial institutions of Rs.500.00 crores as at March 31, 2019.
Inventories as at March 31, 2019, were Rs.4,662 crores as compared to Rs.5,670.13 crores as at March 31, 2018, a decrease of 17.8%. In terms of number of days of sales, finished goods represented 11 inventory days in FY 2018-19 as compared to 15 days in FY 2017-18.
Trade Receivables (net of allowance for doubtful debts) were Rs.3,250.64 crores as at March 31, 2019, representing a decrease of 6.6% compared to Rs.3,479.81 crores as at March 31, 2018. The allowances for doubtful debts were Rs.600.86 crores as at March 31, 2019 compared to Rs.543.50 crores as at March 31, 2018. In terms of days of sales, trade receivables represent 18 days in FY 2018-19 as compared to 17 days in FY 2017-18.
Cash and cash equivalents were Rs.487.40 crores, as at March 31, 2019, compared to Rs.546.82 crores as at March 31, 2018.
Other bank balances were Rs.819.21 crores, as at March 31, 2019, compared to Rs.248.60 crores as at March 31, 2018. These include earmarked balances with banks of Rs.169.21 crores as at March 31, 2019, compared to Rs.248.53 crores as at March 31, 2018 & also includes Bank deposits of Rs.650 crores, as at March 31, 2019.
Current tax assets (net) (current + non-current) were Rs.715.30 crores, as at March 31, 2019, compared to Rs.769.63 crores as at March 31, 2018.