100th Annual Report 2006-2007 - Tata Steel
100th Annual Report 2006-2007 - Tata Steel
100th Annual Report 2006-2007 - Tata Steel
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Hundredth annual report <strong>2006</strong>-07<br />
<strong>Tata</strong> <strong>Steel</strong> Limited and its Subsidiaries<br />
Consolidated Balance Sheet as at 31st March, <strong>2007</strong><br />
As at<br />
FUNDS EMPLOYED : 31-3-<strong>2006</strong><br />
Schedule Page Rupees Rupees Rupees<br />
crores crores crores<br />
A 194 1. a SHARE CAPITAL ................................................... 580.00 553.00<br />
b SHARE WARRANTS (See Note 26(b), Page 216) . 147.06 —<br />
B 194 2. RESERVES AND SURPLUS ........................................... 13895.14 9728.84<br />
3. TOTAL SHAREHOLDERS' FUNDS ................................ 14622.20 10281.84<br />
4. WARRANTS ISSUED BY A SUBSIDIARY COMPANY ..... 17.46 —<br />
5. MINORITY INTEREST ..................................................... 598.39 123.57<br />
6. LOANS<br />
C 195 a Secured ................................................................. 4961.23 2503.39<br />
D 195 b Unsecured ............................................................. 19964.30 874.04<br />
c Total Loans ........................................................... 24925.53 3377.43<br />
7. DEFERRED TAX LIABILITY (Net) (See Note 24, Page 216) .. 785.94 992.18<br />
8. PROVISION FOR EMPLOYEE SEPARATION<br />
COMPENSATION (See Note13(a), Page 206) ............... 1118.30 1402.56<br />
9. TOTAL FUNDS EMPLOYED ........................................... 42067.82 16177.58<br />
APPLICATION OF FUNDS :<br />
E 196 10. FIXED ASSETS<br />
a Gross Block ........................................................... 23410.15 17988.09<br />
b Less — Impairment .............................................. 100.41 94.19<br />
c Less — Depreciation ............................................ 9089.21 7105.80<br />
d Net Block ............................................................... 14220.53 10788.10<br />
F 197 11. INVESTMENTS ................................................................ 16497.50 3478.90<br />
12. GOODWILL ON CONSOLIDATION ................................ 40.37 12.24<br />
13. PURCHASED GOODWILL .............................................. 179.29 101.76<br />
14. A. CURRENT ASSETS<br />
a Stores and spare parts ......................................... 692.97 496.85<br />
G 197 b Stock-in-trade ........................................................ 3195.16 2276.46<br />
H 197 c Sundry debtors...................................................... 1686.53 1218.72<br />
d Interest accrued on investments ......................... 1.16 1.10<br />
I 198 e Cash and Bank balances ..................................... 10887.96 776.75<br />
16463.78 4769.88<br />
J 198 B. LOANS AND ADVANCES .................................... 1980.34 1138.18<br />
18444.12 5908.06<br />
15. Less : CURRENT LIABILITIES AND<br />
PROVISIONS<br />
K 198 A. Current Liabilities ................................................... 5444.19 3292.51<br />
L 199 B. Provisions .............................................................. 2079.57 1074.98<br />
7523.76 4367.49<br />
16. NET CURRENT ASSETS ................................................ 10920.36 1540.57<br />
M 199 17. MISCELLANEOUS EXPENDITURE (to the extent<br />
not written off or adjusted) .............................................. 209.77 256.01<br />
18. TOTAL ASSETS (Net) ...................................................... 42067.82 16177.58<br />
Contingent Liabilities (See Note 3, Page 204)<br />
N 200 NOTES ON BALANCE SHEET AND<br />
PROFIT AND LOSS ACCOUNT<br />
188<br />
As per our report attached<br />
For DELOITTE HASKINS & SELLS<br />
Chartered Accountants,<br />
Mumbai, 17th May, <strong>2007</strong><br />
P R RAMESH<br />
Partner.<br />
J C BHAM<br />
Company Secretary<br />
For and on behalf of the Board<br />
RATAN N TATA<br />
NUSLI N WADIA<br />
S M PALIA<br />
SURESH KRISHNA<br />
ISHAAT HUSSAIN<br />
JAMSHED J IRANI<br />
SUBODH BHARGAVA<br />
B MUTHURAMAN<br />
T MUKHERJEE<br />
A N SINGH<br />
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Chairman<br />
Directors<br />
Executive<br />
Directors