100th Annual Report 2006-2007 - Tata Steel

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Hundredth annual report <strong>2006</strong>-07 Schedules forming part of the profit and loss account SCHEDULE 1 : SALE OF PRODUCTS AND SERVICES :— (Item No. 1, Page 121) Previous Year Rupees Rupees Rupees crores crores crores (a) Sale of products ................................................... 19018.20 16521.44 (b) Sale of power and water ...................................... 513.96 393.50 (c) Income from services, sale of miscellaneous goods and stores, rent etc. [Including lease rentals of Rs. 0.94 crore (2005-06 : Rs. 3.14 crores) on Wagons leased to Railways under Own Your Wagon Scheme and exchange loss Rs. 4.79 crores (2005-06 : exchange gain Rs. 4.16 crores)] .................................................. 230.41 229.28 SCHEDULE 2 : OTHER INCOME :— (Item No. 2, Page 121) (a) Income from Investments [Gross, inclusive of tax deducted at source : Nil (2005-06 : Rs. 18,690)] 19762.57 17144.22 (i) Trade investments ..................................... 106.86 63.79 (ii) Investments in subsidiary companies ...... 10.33 8.03 (iii) Other investments ..................................... 206.97 94.26 324.16* 166.08* (b) Profit on sale/redemption of current investments 15.63 9.95 (c) Profit on sale of capital assets (net of loss on assets sold/scrapped/written off) .................................... 11.19 41.00 (d) Gain from swaps and cancellation of forward covers/options ..................................................... 82.69 37.73 433.67 254.76 SCHEDULE 3 : INTEREST :— (Item No. 6, Page 121) 1. Interest on (i) Debentures and Fixed Loans ................... 170.94 151.32 (ii) Others ........................................................ 80.38 26.95 251.32 178.27 Less - Interest capitalised .................................... 0.07 3.76 251.25 174.51 2. Less - Interest received on sundry advances, deposits, customers’ balances etc., [Gross, inclusive of tax deducted at source Rs. 11.09 crores (2005-06 : Rs. 4.96 crores)] 77.35 50.00 173.90 124.51 * Includes income from current investments Rs. 206.97 crores (2005-06 : Rs. 94.26 crores). 124
Schedule forming part of the profit and loss account SCHEDULE 4 : MANUFACTURING AND OTHER EXPENSES :— (Item No. 3, Page 121) Previous Year Rupees Rupees Rupees crores crores crores 1. PURCHASE OF FINISHED, SEMI-FINISHED STEEL AND OTHER PRODUCTS ........................................................................ 450.60 656.08 2. RAW MATERIALS CONSUMED : (a) Opening Stock .......................................................................... 707.54 603.70 (b) Add — (i) Purchases ............................................................. 2263.01 1738.08 (ii) Cost of raw materials produced ............................ 871.43 734.06 3841.98 3075.84 (c) Less — Closing Stock ............................................................. 720.52 707.54 3121.46 2368.30 3. PAYMENTS TO AND PROVISIONS FOR EMPLOYEES : (a) Wages and salaries, including bonus ..................................... 1236.32 1164.32 (b) Company’s contributions to provident and other funds ......... 218.51 187.19 1454.83 1351.51 4. OPERATION AND OTHER EXPENSES : (a) Stores & spares consumed .................................................... 1072.91 737.74 (b) Fuel oil consumed ................................................................... 106.15 78.40 (c) Repairs to buildings ................................................................. 41.77 55.49 (d) Repairs to machinery .............................................................. 587.18 624.27 (e) Relining expenses ................................................................... 52.98 32.65 (f) Conversion charges ................................................................ 745.16 640.52 (g) Purchase of power .................................................................. 921.69 819.17 (h) Rent .......................................................................................... 10.86 13.63 (i) Royalty ..................................................................................... 176.08 169.39 (j) Rates and taxes ...................................................................... 56.66 55.65 (k) Insurance charges .................................................................. 29.23 20.60 (l) Commission, discounts and rebates ...................................... 64.71 80.75 (m) Provision for Wealth Tax .......................................................... 0.97 0.80 (n) Adjustments relating to previous years (net) ......................... (57.29) (47.50) (o) Other expenses ...................................................................... 838.22 751.08 4647.28 4032.64 5. FREIGHT AND HANDLING CHARGES .......................................... 1117.45 1004.32 6. PROVISION FOR DOUBTFUL DEBTS AND ADVANCES .............. 11.99 6.49 7. EXCISE DUTY ................................................................................... 93.63 76.11 10897.24 9495.45 8. ACCRETION/(REDUCTION) IN STOCKS OF FINISHED AND SEMI-FINISHED PRODUCTS AND WORK-IN-PROGRESS (DEDUCTED)/ADDED (a) Opening Stock ......................................................................... 1024.55 919.64 (b) Less — Closing Stock ............................................................. 1107.02 1024.55 (82.47) (104.91) 10814.77 9390.54 125
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A Century of Trust 100th Annual Rep
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Tata Steel is Asia’s first and In
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Redefining steel with world-class p
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in a manner that ring-fences the Co
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Board of Directors Mr. R. N. Tata C
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The state-of-the-art Hot Strip Mill
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Distribution of Revenue 2006 - 2007
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1907-2007 JRD Tata with Pandit Jawa
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1907-2007 Tata Steel’s state-of-t
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This photograph taken by a Tata Ste
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Profit Sharing Bonus was granted fo
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A modern swimming pool at the G Tow
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steeljunction in Kolkata - India’
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Tata Steel has introduced high-end
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Tata Structura is a new-age constru
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Shareholder interaction at an Annua
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Within three weeks of the announcem
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It was 1956. The company was faced
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Community and environment : Improvi
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A Critical Care Unit, in the 850-be
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The Tata Steel Family Initiatives F
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The Tata Steel works, mines, collie
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An aerial view of the planned indus
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The Cold Rolling Complex at Jamshed
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1933 Two new roughing and finishing
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From the early days, the Tata Steel
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Production Highlights • The best
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Aspire with T3 With the objective o
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Operational Highlights NSA increase
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was above the average total score o
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Blast furnaces at Corus’ integrat
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Corus produces strong, light steel
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Corus is British Triathlon’s main
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Review of Corporate Sustainability
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TSRDS focused on popularising repro
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Centenary Year The founder, Jamsetj
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esulting in a reduction in consumpt
Page 75 and 76: convertible preference shares and a
Page 77 and 78: expansion of crude steel making cap
Page 79 and 80: The bulk cargo berths are being des
Page 81 and 82: Corporate Governance Pursuant to Cl
Page 83 and 84: Annexure 'A' to Directors’ Report
Page 85 and 86: Form - B Form for disclosure of par
Page 87 and 88: 6 am 2 pm 12 noon 10 am 8 am 8 pm 6
Page 89 and 90: Particulars of technology imported
Page 91 and 92: Management Discussion and Analysis
Page 93 and 94: of 8%. In 2006, China produced 422.
Page 95 and 96: The Company plans to achieve these
Page 97 and 98: I. Strategic Rationale for acquisit
Page 99 and 100: Steelium (India’s first branded c
Page 101 and 102: The “G” Blast Furnace in Jamshe
Page 103 and 104: Sales of manganese ore in the domes
Page 105 and 106: d) Payments and Provisions to Emplo
Page 107 and 108: m) Stores and Spare Parts and Stock
Page 109 and 110: The Company generated EVA of Rs. 2,
Page 111 and 112: Business and Operational Risk The m
Page 113 and 114: • Raising cost efficient funds fo
Page 115 and 116: Highlights 2006-07 2005-06 Rupees R
Page 117 and 118: Auditors’ Report TO THE MEMBERS O
Page 119 and 120: (b) In our opinion and having regar
Page 121 and 122: (xii) In our opinion and according
Page 123 and 124: Profit and Loss Account for the yea
Page 125: Cash Flow Statement for the year en
Page 129 and 130: Schedule forming part of the balanc
Page 141 and 142: Schedules forming part of the balan
Page 143 and 144: SCHEDULE M : NOTES ON BALANCE SHEET
Page 163 and 164: Balance Sheet Abstract and Company'
Page 165 and 166: CAPITAL ACCOUNTS Financial Statisti
Page 167 and 168: Financial Ratios 2006-07 2005-06 20
Page 169 and 170: Name Category No. of Whether No. of
Page 171 and 172: the Tata Code of Conduct, which req
Page 173 and 174: Shareholding of the Directors in th
Page 175 and 176: Committees In addition to the above
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employees to report concerns about
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Market Information Market Price Dat
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Distribution of Shareholding Number
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Address for Correspondence : Tata S
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Certificate To the Members of TATA
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Statement pursuant to Section 212(8
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4. Subject to the matters referred
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Consolidated Profit and Loss Accoun
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Consolidated Cash Flow Statement fo
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Schedule forming part of the Consol
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Schedules forming part of the Conso
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SCHEDULE N : NOTES TO THE CONSOLIDA
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The Dimna reservoir near Jamshedpur
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100th Annual Report 2006-2007 - Tata Steel

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