100th Annual Report 2006-2007 - Tata Steel

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Hundredth annual report 2006-07 Schedules forming part of the Consolidated profit and loss account SCHEDULE 1 : SALE OF PRODUCTS AND SERVICES :— (Item No. 1, Page 189) Previous Year Rupees Rupees crores crores (a) Sale of products ................................................... 26451.40 21474.03 (b) Sale of power and water ...................................... 495.00 380.96 (c) Income from services, sale of miscellaneous goods and stores, rent etc. ............................................ 490.89 * 417.15 * Includes Rs. 21.58 crores gain on debt restructuring in one of the subsidiaries. 27437.29 22272.14 SCHEDULE 2 : OTHER INCOME :— (Item No. 2, Page 189) Previous Year Rupees Rupees crores crores (a) Income from Investments ................................... 317.41 156.21 (b) Profit on sale/redemption of current investments .... 26.36 10.66 (c) Profit on sale of capital assets (net of loss on assets sold/scrapped/written off) .................................... 10.71 42.14 (d) Gain on swaps and cancellation of forward covers/options .................................................... 83.59 37.73 438.07 246.74 SCHEDULE 3 : INTEREST :— (Item No. 6, Page 189) 1. Interest on Previous Year Rupees Rupees Rupees crores crores crores (i) Debentures and Fixed Loans ................... 251.09 163.80 (ii) Others ........................................................ 384.58 48.68 635.67 212.48 Less — Interest capitalised ................................ 1.60 4.92 634.07 207.56 2. Less : Interest received on sundry advances, deposits, customers’ balances etc. ..................................... 222.88 45.96 411.19 161.60 192
Schedule forming part of the Consolidated profit and loss account SCHEDULE 4 : MANUFACTURING AND OTHER EXPENSES :— (Item No. 3, Page 189) Previous Year Rupees Rupees Rupees crores crores crores 1. PURCHASE OF FINISHED, SEMI-FINISHED STEEL AND OTHER PRODUCTS ........................................................................ 5953.85 4210.36 2. RAW MATERIALS CONSUMED : (a) Opening Stock ......................................................................... 753.16 @ 646.78 (b) Add — (i) Purchases............................................................ 2358.27 2000.72 (ii) Cost of raw materials produced .......................... 872.61 588.03 3984.04 3235.53 (c) Less — Closing Stock ............................................................. 766.50 740.13 3217.54 2495.40 3. PAYMENTS TO AND PROVISION FOR EMPLOYEES : (a) Wages and salaries, including bonus ..................................... 1635.40 1458.23 (b) Company’s contributions to provident and other funds ......... 249.57 214.23 1884.97 1672.46 4. OPERATION AND OTHER EXPENSES : (a) Stores and spares consumed ................................................ 1182.25 755.17 (b) Fuel oil consumed ................................................................... 285.32 160.87 (c) Repairs to buildings ................................................................. 17.26 45.59 (d) Repairs to machinery .............................................................. 698.26 677.87 (e) Relining expenses ................................................................... 87.37 48.68 (f) Conversion charges ................................................................ 668.59 556.78 (g) Purchase of power .................................................................. 1315.39 972.83 (h) Rent .......................................................................................... 49.58 46.54 (i) Royalty ..................................................................................... 178.70 172.79 (j) Rates and taxes ...................................................................... 65.69 62.69 (k) Insurance charges .................................................................. 40.73 30.25 (l) Commission, discounts and rebates ...................................... 65.86 80.74 (m) Provision for wealth tax ........................................................... 1.11 1.08 (n) Adjustments relating to previous years (net) ......................... (62.47) (56.28) (o) Other expenses [including provision for diminution in the value of investments Rs. 0.10 crore (2005-06 : Rs. 0.02 crore) and goodwill written off Rs. 166.95 crores (2005-06 : Rs. 25.33 crores)] 1383.09 962.65 5976.73 4518.25 5. FREIGHT AND HANDLING CHARGES .......................................... 1508.37 1225.43 6. PROVISION FOR DOUBTFUL DEBTS AND ADVANCES .............. 19.99 14.78 7. EXCISE DUTY ................................................................................... 95.53 77.71 18656.98 14214.39 8. (ACCRETION)/REDUCTION IN STOCKS OF FINISHED AND SEMI-FINISHED PRODUCTS AND WORK-IN-PROGRESS (DEDUCTED)/ADDED : (a) Opening Stock ......................................................................... 1888.44 # 1489.33 * (b) Less — Closing Stock ............................................................. 2428.66 1536.33 (540.22) (47.00) 18116.76 14167.39 @ Includes Rs. 13.03 crores for Rawmet Ferrous Industries Pvt. Ltd. and Tata Steel (Thailand) Public Company Ltd. and its subsidiaries that have become subsidiaries during the year. # Includes Rs. 348.36 crores for Tata Steel (Thailand) Public Company Ltd. and its subsidiaries that have become subsidiaries and Rs. 3.75 crores for Tata BlueScope Steel Ltd. that has become joint venture during the year. * Includes Rs. 46.95 crores for NatSteel Vina Company Ltd. and NatSteel (Xiamen) Ltd. that have become joint venture during that year. 193
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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
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convertible preference shares and a
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expansion of crude steel making cap
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The bulk cargo berths are being des
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Corporate Governance Pursuant to Cl
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Annexure 'A' to Directors’ Report
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Form - B Form for disclosure of par
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6 am 2 pm 12 noon 10 am 8 am 8 pm 6
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Particulars of technology imported
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Management Discussion and Analysis
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of 8%. In 2006, China produced 422.
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The Company plans to achieve these
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I. Strategic Rationale for acquisit
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Steelium (India’s first branded c
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The “G” Blast Furnace in Jamshe
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Sales of manganese ore in the domes
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d) Payments and Provisions to Emplo
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m) Stores and Spare Parts and Stock
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The Company generated EVA of Rs. 2,
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Business and Operational Risk The m
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• Raising cost efficient funds fo
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Highlights 2006-07 2005-06 Rupees R
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Auditors’ Report TO THE MEMBERS O
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(b) In our opinion and having regar
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(xii) In our opinion and according
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Profit and Loss Account for the yea
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Cash Flow Statement for the year en
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Schedule forming part of the profit
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Schedule forming part of the balanc
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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
Page 177 and 178: employees to report concerns about
Page 179 and 180: Market Information Market Price Dat
Page 181 and 182: Distribution of Shareholding Number
Page 183 and 184: Address for Correspondence : Tata S
Page 185 and 186: Certificate To the Members of TATA
Page 187 and 188: Statement pursuant to Section 212(8
Page 189 and 190: 4. Subject to the matters referred
Page 191 and 192: Consolidated Profit and Loss Accoun
Page 193: Consolidated Cash Flow Statement fo
Page 197 and 198: Schedules forming part of the Conso
Page 203 and 204: SCHEDULE N : NOTES TO THE CONSOLIDA
Page 219 and 220: The Dimna reservoir near Jamshedpur
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100th Annual Report 2006-2007 - Tata Steel

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