Balance Sheet(2009-2003) of TCS (US Format)

*All numbers are in INR and in x10M

200903 200803 200703 200603
Inventories 16.95 17.19 12.06 22.94
Sundry Debtors 3717.73 3747.01 2799.8 2325.83
Cash and Bank 1605.26 527.52 557.14 171.17
Loans and Advances 3907.2 3037.85 1837.78 1471.15
Total Current Assets 9247.14 7329.57 5206.78 3991.09
Gross Block 4359.24 3240.64 2315.36 1695.13
Less:Accumulated Depreciation 1690.16 1300.11 854.75 525.35
Less:Impairment of Assets 0 0 0 0
Net Block 2669.08 1940.53 1460.61 1169.78
Lease Adjustment 0 0 0 0
Capital Work in Progress 685.13 889.74 757.85 280
Miscellaneous Expenses not written off 0 0 0 0
Deferred Tax Assets 71 54.91 44 26.36
Investments 5936.03 4509.33 3252.04 1963.52
Total Asset 18608.38 14724.08 10721.28 7430.75
Current Liabilities 3501.08 2404.13 1639.5 1180.14
Provisions 1450.23 1187.44 905.05 540.54
Total Current Liabilities 4951.31 3591.57 2544.55 1720.68
Deferred Tax Liabilities 170.4 109.4 67 65.24
Secured Loans 32.63 9.27 41.76 26.52
Unsecured Loans 7.74 8.98 8.98 8.98
Total Debt 40.37 18.25 50.74 35.5
Share Capital 197.86 197.86 97.86 48.93
Reserves Total 13248.39 10806.95 7961.13 5560.4
Equity Share Warrants 0 0 0 0
Equity Application Money 0 0 0 0
Total Shareholders Funds 13446.25 11004.81 8058.99 5609.33
Total Liability 18608.33 14724.03 10721.28 7430.75
Check Integrity* 0.05 0.05 0 0
*It checks asset and liability mismatch if any
200503 200403 200303
0 0 0
1468.05 0.25 0.22
120.74 2.25 1.13
726.32 9.77 0.57
2315.11 12.27 1.92
1041.09 226.5 226.26
132.93 0.95 0.1
0 0 0
908.16 225.55 226.16
0 0 0
120.28 0 0
0 0 0
4.83 0 0.11
1404.42 417.39 37.91
4752.8 655.21 266.1
714.28 227.22 228.4
527.58 4.93 0.15
1241.86 232.15 228.55
69.15 0.98 0.71
111.01 0 0
9.73 375 0
120.74 375 0
48.01 36.44 36.44
3273.04 10.64 0.4
0 0 0
0 0 0
3321.05 47.08 36.84
4752.8 655.21 266.1
0 0 0
Income Statement(2009-2003) of TCS
*All numbers are in INR and in x10M
200903 (12) 200803 (12) 200703 (12)
INCOME :
Operating Income 22406.08 18292.68 14942.09
Excise Duty 2.08 2.83 2.12
Net Operating Income 22404 18289.85 14939.97
Other Income 289.87 689.82 216.55
Stock Adjustments 1.73 -0.04 -2.78

Total Income 22695.6 18979.63 15153.74

EXPENDITURE :
Cost of Traded Software Packages 52.67 45.13 21.5
Operating Expenses 2587.48 2272.97 1938.66
Employee Cost 11663.54 9401.97 7314.05
Power/Electricity Charges 164.34 135.57 93.89
Selling and Administration Exp. 1622.63 1384.63 1099.15
Miscellaneous Expenses 1040.35 273.3 168.97
Less : Pre-operative Expenses Capitalised 0 0 0

Total Expenditure 17131.01 13513.57 10636.22

Operating Profit 5564.59 5466.06 4517.52

Interest 7.44 3.42 3.43
Gross Profit 5557.15 5462.64 4514.09
Depreciation 417.46 458.78 343.41
Profit Before Tax 5139.69 5003.86 4170.68
Tax 375.59 440.47 406.84
Fringe Benefit tax 23 24.65 17.75
Deferred Tax 44.89 29.98 -11.2
Reported Net Profit 4696.21 4508.76 3757.29
Extraordinary Items 51.42 7.18 66.51
Adjusted Net Profit 4644.79 4501.58 3690.78

Adjustment below Net Profit 0 0 0

P & L Balance brought forward 7374.89 4919.99 2833.3
Appropriations 2080.69 2053.86 1670.6
P & L Balance carried down 9990.41 7374.89 4919.99

Dividend 1370.05 1370.05 1125.39

Preference Dividend 7 0.08 0
Equity Dividend % 1400 1400 1300

Earnings Per Share-Unit Curr 45.53 43.69 36.66

Earnings Per Share(Adj)-Unit Curr 22.76 21.84 18.33
Book Value-Unit Curr 136.38 111.43 82.35
200603 (12) 200503 (12) 200403 (12) 200303 (12)

11236.01 8051.11 0 0
5.51 0 0 0
11230.5 8051.11 0 0
63.26 95.22 17.74 1.97
4.14 0 0 0

11297.9 8146.33 17.74 1.97

160.33 0 0 0
1541.47 3049.89 0 0.01
5108.84 1863.86 0 0
66.85 44.59 0 0
866.9 578.32 0.01 0.08
217.29 353.87 0.02 0.01
0 0 0 0

7961.68 5890.53 0.03 0.1

3336.22 2255.8 17.71 1.87

4.49 10.4 0.2 0
3331.73 2245.4 17.51 1.87
257.38 133.22 0.84 0.1
3074.35 2112.18 16.67 1.77
322.41 241 1.11 0.15
20.25 0 0 0
14.82 39.76 0.38 0.6
2716.87 1831.42 15.18 1.02
2.98 -171.45 12.3 0.06
2713.89 2002.87 2.88 0.96

136.16 0 0 0
1005.47 0.64 0.4 0.47
1025.2 826.59 14.94 1.09
2833.3 1005.47 0.64 0.4

660.56 552.13 4.38 1.09

0 0 0 0
1350 1150 12 3

53.63 36.6 4.01 0.28

 13.41 9.15
114.64 69.17 12.92 10.11
Cash Flow Statement(2009-2000) of TCS
*All numbers are in INR and in x10M
200903 200803 200703
Cash Flow Summary
Cash and Cash Equivalents at Beginning of the year 398.79 429.38 171.17
Net Cash from Operating Activities 4892.33 3800.05 3537.74
Cash Flow From Operating Activities
Net Profit before Tax & Extraordinary Items 5139.69 5003.86 4170.68
Adjustment For
Depreciation 417.46 458.78 343.41
Interest (Net) -74.8 -33.06 -12.44
Dividend Received -127.85 -111.08 -39.92
P/L on Sales of Assets -8.27 0.36 0.51
P/L on Sales of Invest -48.98 -8.35 -74.26
Prov. & W/O (Net) 46.48 19.1 1.74
P/L in Forex -29.93 39.08 -22.96
Fin. Lease & Rental Chrgs 0 0 0
Others 0 0 0
Total Adjustments (PBT & Extraordinary Items) 174.11 364.83 196.08
Op. Profit before Working Capital Changes 5313.8 5368.69 4366.76
Adjustment For
Trade & 0th receivables -11.05 -957.57 -474.73
Inventories 0.24 -5.13 10.88
Trade Payables 516.16 647.99 444.63
Loans & Advances -198.73 -106.18 -262.22
Investments 0 0 0
Net Stock on Hire 0 0 0
Leased Assets Net of Sale 0 0 0
Trade Bill(s) Purchased 0 0 0
Change in Borrowing 0 0 0
Change in Deposits 0 0 0
Others 53.12 -346.3 -169.97
Total (OP before Working Capital Changes) 359.74 -767.19 -451.41
Cash Generated from/(used in) Operations 5673.54 4601.5 3915.35
Interest Paid(Net) 0 0 0
Direct Taxes Paid -799.42 -773.59 -364.09
Advance Tax Paid 0 0 0
Others 0 0 0
Total-others -799.42 -773.59 -364.09
Cash Flow before Extraordinary Items 4874.12 3827.91 3551.26
Extraordinary Items
Excess Depreciation W/b 0 0 0
Premium on Lease of land 0 0 0
Payment Towards VRS 0 0 0
Prior Year 's Taxation 0 0 0
Gain on Forex Exch. Tran 18.21 -27.86 -13.52
Others 0 0 0
Net Cash Used in Investing Activities -3162.22 -2405.03 -2076.42
Cash Flow from Investing Activities
Investment in Assets :
Purchased of Fixed Assets -978.58 -1075.76 -1117.8
Sale of Fixed Assets 45.45 4.81 5.2
capital WIP 0 0 0
Capital Subsidy Recd 0 0 0
Financial/Capital Investment :
Purchase of Investments -31322.88 -28147.06 -988.52
Sale of Investments 30047.76 26984.09 76.98
Investment Income 0 0 0
Interest Received 65.06 20.7 7.78
Dividend Received 25.25 24.73 7.26
Invest.In Subsidiaires 0 0 0
Loans to Subsidiaires -29.28 -196.41 -75.32
Investment in Group Cos 0 0 0
Issue of Sh. on Acqu. of Cos 0 0 0
Canc. of Invest. in Cos Acq. 0 0 0
Acquisition of Companies 0 0 0
Inter Corporate Deposits -80 -20 8
Others -935 -0.13 0
Net Cash Used in Financing Activities -1588.25 -1425.61 -1075.35
Cash Flow From Financing Activities
Proceeds:
Proceeds from Issue of shares (incl share premium) 0 98.58 0
Proceed from Issue of Debentures 0 0 0
Proceed from 0ther Long Term Borrowings 0 0 15.24
Proceed from Bank Borrowings 22.12 0 0
Proceed from Short Tem Borrowings 0 0 0
Proceed from Deposits 0 0 0
Share Application Money 0 0 0
Cash/Capital Investment Subsidy 0 0 0
Loans from a Corporate Body 0 0 0
Payments:
Share Application Money Refund 0 0 0
On Redemption of Debenture 0 0 0
Of the Long Tem Borrowings 0 -32.49 0
Of the short term Borrowings 0 0 0
Of financial Liabilities 0 0 0
Dividend Paid -1602.88 -1488.4 -1087.1
Shelter Assistance Reserve 0 0 0
Interest Paid -7.49 -3.3 -3.49
Others 0 0 0
Net Cash Used in Financing Activities -1588.25 -1425.61 -1075.35
Net Inc/(Dec) in Cash and Cash Equivalent 141.86 -30.59 385.97
Cash and Cash Equivalents at End of the year 540.65 398.79 557.14
200603 200503 200403 200303

120.74 2.25 1.13 0.18

2342.17 1969.17 50.21 -0.58

3074.35 2308.65 3.22 1.77

257.38 133.22 0.84 0.11

-17.67 1.82 0.2 0
-20 -14.53 -2.18 -1.6
-1.56 1.39 0 0
-1.84 -0.13 -0.06 -0.1
15.51 39.43 0 0
2.2 -16.19 0 0
0 0 0 0
0 0 0 0
234.02 145.01 -1.2 -1.59
3308.37 2453.66 2.02 0.18

-705.49 -532.33 -0.03 -0.59

10.28 0 0 0
369.35 53.35 0.12 0
-30.93 78.34 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
-204.23 128.05 0 0
-561.02 -272.59 0.09 -0.59
2747.35 2181.07 2.11 -0.41
0 0 0 0
-402.93 -202.08 -1.47 -0.17
0 0 0 0
0 0 0 0
-402.93 -202.08 -1.47 -0.17
2344.42 1978.99 0.64 -0.58

0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
 -2.25 0 0 0
0 -9.82 49.57 0
-1409.44 -2804.03 -424.07 3.72

-606.5 -337.21 -3.99 -63.4

9.4 2.92 0 0
0 0 0 0
0 0 0 0

-537.67 -400.73 -459.5 -1.79

3.92 161 43.94 1.79
0 0 0 0
21.95 8.38 0 0
4.95 10.77 2.18 1.6
0 0 0 0
-376.02 -12.42 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
15 0 2.3 65.52
55.53 -2236.74 -9 0
-882.3 953.35 374.98 -2.19

0 1882.49 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 375 0
0 0 0 0
0 0 0 0
0 0 0 0

0 0 0 0
0 0 0 0
-85.48 -561.89 0 0
0 0 0 0
0 0 0 0
-792.31 -357.13 0 -2.19
0 0 0 0
-4.51 -10.12 -0.02 0
0 0 0 0
-882.3 953.35 374.98 -2.19
50.43 118.49 1.12 0.95
171.17 120.74 2.25 1.13
Key Ratios of TCS
200903 200803 200703 200603 200503 200403 200303
Key Ratios
Debt-Equity Ratio 0 0 0.01 0.02 0.15 4.47 0
Long Term Debt-Equity Ratio 0 0 0 0 0 0 0
Current Ratio 1.89 1.99 2.08 1.96 1.15 0.02 0.01
Turnover Ratios
Fixed Assets 5.9 6.58 7.45 8.21 12.7 0 0
Inventory 1312.6 1250.78 853.83 979.6 0 0 0
Debtors 6 5.59 5.83 5.92 10.97 0 0
Interest Cover Ratio 691.82 1464.12 1216.94 685.71 204.09 16.8 0
Profitability Ratio
PBIDTM (%) 24.84 29.88 30.23 29.69 28.02 0 0
PBITM (%) 22.97 27.37 27.94 27.4 26.36 0 0
PBDTM (%) 24.8 29.86 30.21 29.65 27.89 0 0
CPM (%) 22.82 27.16 27.44 26.47 24.4 0 0
APATM (%) 20.96 24.65 25.15 24.18 22.75 0 0
Return on Capital Ratio
ROCE (%) 42 52.34 60.69 67.77 109.87 1.46 4.8
RONW (%) 38.67 47.55 54.98 60.85 108.75 6.86 2.77
Balance Sheet(2009-2003) of Tata Motors (India Format)
*All numbers are in INR and in x10M
200903 200803 200703 200603
SOURCES OF FUNDS :
Share Capital 197.86 197.86 97.86 48.93
Reserves Total 13248.39 10806.95 7961.13 5560.4
Equity Share Warrants 0 0 0 0
Equity Application Money 0 0 0 0
Total Shareholders Funds 13446.25 11004.81 8058.99 5609.33
Secured Loans 32.63 9.27 41.76 26.52
Unsecured Loans 7.74 8.98 8.98 8.98
Total Debt 40.37 18.25 50.74 35.5

Total Liabilities 13486.62 11023.06 8109.73 5644.83

APPLICATION OF FUNDS :
Gross Block 4359.24 3240.64 2315.36 1695.13
Less:Accumulated Depreciation 1690.16 1300.11 854.75 525.35
Less:Impairment of Assets 0 0 0 0
Net Block 2669.08 1940.53 1460.61 1169.78
Lease Adjustment 0 0 0 0
Capital Work in Progress 685.13 889.74 757.85 280
Investments 5936.03 4509.33 3252.04 1963.52
Current Assets, Loans & Advances
Inventories 16.95 17.19 12.06 22.94
Sundry Debtors 3717.73 3747.01 2799.8 2325.83
Cash and Bank 1605.26 527.52 557.14 171.17
Loans and Advances 3907.2 3037.85 1837.78 1471.15
Total Current Assets 9247.14 7329.57 5206.78 3991.09
Less : Current Liabilities and Provisions
Current Liabilities 3501.08 2404.13 1639.5 1180.14
Provisions 1450.23 1187.44 905.05 540.54
Total Current Liabilities 4951.31 3591.57 2544.55 1720.68
Net Current Assets 4295.83 3738 2662.23 2270.41
Miscellaneous Expenses not written off 0 0 0 0
Deferred Tax Assets 71 54.91 44 26.36
Deferred Tax Liabilities 170.4 109.4 67 65.24
Net Deferred Tax -99.4 -54.49 -23 -38.88

Total Assets 13486.67 11023.11 8109.73 5644.83

Contingent Liabilities 2287.26 2222.71 2253.51 335.06

200503 200403 200303

48.01 36.44 36.44

3273.04 10.64 0.4
0 0 0
0 0 0
3321.05 47.08 36.84
111.01 0 0
9.73 375 0
120.74 375 0

3441.79 422.08 36.84

1041.09 226.5 226.26

132.93 0.95 0.1
0 0 0
908.16 225.55 226.16
0 0 0
120.28 0 0
1404.42 417.39 37.91

0 0 0
1468.05 0.25 0.22
120.74 2.25 1.13
726.32 9.77 0.57
2315.11 12.27 1.92

714.28 227.22 228.4

527.58 4.93 0.15
1241.86 232.15 228.55
1073.25 -219.88 -226.63
0 0 0
4.83 0 0.11
69.15 0.98 0.71
-64.32 -0.98 -0.6

3441.79 422.08 36.84

152.38 0 0