100th Annual Report 2006-2007 - Tata Steel

Directors’ Report 2006-07
To the Members,
The Directors hereby present their hundredth annual report on the business and operations of the Company and the
financial accounts for the year ended 31st March, 2007.
Previous Year
Rupees
Rupees
Crores
Crores
1. (a) Net Sales/Income ........................................................................................................................... 17552.02 15215.50
(b) Total Expenditure ........................................................................................................................... 10578.75 9277.92
(c) Operating Profit ............................................................................................................................... 6973.27 5937.58
(d) Add : Dividend and Other Income ...................................................................................... 433.67 254.76
(e) Profit before Interest, Depreciation, Exceptional items and
Taxes ....................................................................................................................................................... 7406.94 6192.34
(f ) Less : Interest ..................................................................................................................................... 173.90 124.51
(g) Profit before Depreciation, Exceptional items and Taxes ...................................... 7233.04 6067.83
(h) Less : Depreciation......................................................................................................................... 819.29 775.10
(i) Profit before Exceptional items and Taxes ...................................................................... 6413.75 5292.73
(j) Less : Exceptional items .............................................................................................................. 152.10 52.77
(k) Profit before Taxes .......................................................................................................................... 6261.65 5239.96
(l) Less : Provision for Current Taxation ................................................................................... 2076.01 1579.00
(m) Less : Provision for Deferred Taxation ................................................................................. (52.51) 127.58
(n) Less : Provision for Fringe Benefits Tax .............................................................................. 16.00 27.00
(o) Profit after Taxes .............................................................................................................................. 4222.15 3506.38
(p) Add : Balance brought forward from the previous year ........................................ 2976.16 1790.21
(q) Balance ................................................................................................................................................. 7198.31 5296.59
Which the Directors have appropriated as under, to :
(i) Proposed Dividend ........................................................................................................... 943.91 719.51
(ii) Tax on Dividend .................................................................................................................. 160.42 100.92
(iii) General Reserve .................................................................................................................. 1500.00 1500.00
TOTAL......................................................................................................................................... 2604.33 2320.43
Leaving a balance of to be carried forward ....................................................... 4593.98 2976.16
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