in a Dynamic Environment - Domain-b

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Annual Report 2008-09Schedules forming part of the Profit and Loss Account2009 2008Rs. in croresRs. in croresSCHEDULE ‘P’OPERATION AND OTHER EXPENSES(a) Overseas business expenses 4727.88 3869.07(b) Services rendered by business associates and others 1019.67 689.25(c) Software, hardware and material costs 918.17 838.46(d) Cost of software licences 337.28 390.23(e) Communication expenses 292.77 245.09(f) Travelling and conveyance expenses 263.42 278.00(g) Rent 492.75 322.58(h) Legal and professional fees 103.82 93.12(i) Repairs and maintenance 122.16 112.29(j) Electricity expenses 164.34 135.57(k) Bad debts 21.01 11.31(l) Provision for doubtful debts 40.33 10.36(m) Provision for doubtful advances 6.15 8.74(n) Advances written-off 0.75 1.13(o) Recruitment and training expenses 98.89 140.46(p) Loss on sale of long-term investments - 5.14(q) Commission and brokerage 21.35 27.63(r) Printing and stationery 39.01 33.67(s) Insurance 15.70 17.68(t) Rates and taxes 45.35 35.21(u) Entertainment 8.94 10.44(v) Loss on sale of fixed assets (net) - 0.36(w) Other expenses 273.34 276.659013.08 7552.44Notes:1 Overseas business expenses includes:Travel expenses 280.38 270.42Employee allowances 4306.25 3451.882 Repairs and maintenance includes:Buildings 51.56 38.20Office and computer equipment 70.60 74.093 Software, hardware and material costs includes:Material Costs(a) Raw Materials, sub-assemblies and components consumed 52.67 45.13(b) Opening Stock:Finished goods and work-in-progress 1.32 1.36(c) Less: Closing Stock:Finished goods and work-in-progress 3.05 1.32(1.73) 0.0450.94 45.174 Other expenses includes:Stores and spare parts consumed 1.00 0.68132
SCHEDULE ‘Q’ - NOTES TO ACCOUNTS1) Significant Accounting Policiesa) Basis of PreparationThe financial statements are prepared under the historical cost convention and the requirements of theCompanies Act, 1956.b) Use of estimatesThe preparation of financial statements requires the management of the Company to make estimates andassumptions that affect the reported balances of assets and liabilities and disclosures relating to the contingentliabilities as at the date of the financial statements and reported amounts of income and expenses during theyear. Example of such estimates include provisions for doubtful debts, employee benefits, provision for incometaxes, accounting for contract costs expected to be incurred to complete software development, the useful livesof depreciable fixed assets and provisions for impairment.c) Fixed AssetsFixed assets are stated at cost, less accumulated depreciation. Costs include all expenses incurred to bring theassets to its present location and condition.Fixed assets exclude computers and other assets individually costing Rs. 50,000 or less which are not capitalisedexcept when they are part of a larger capital investment programme.d) DepreciationDepreciation other than on freehold land and capital work-in-progress is charged so as to write-off the cost ofassets, on the following basis:Leasehold Land and Buildings Straight line Lease periodFreehold Buildings Written down value 5%Leasehold Improvements Straight line Lease periodPlant and Machinery Straight line 33.33%Computer Equipment Straight line 25%(March 31, 2008 : 50%)Motor Cars Written down value 25.89%Office Equipment Written down value 13.91%Electrical Installations Written down value 13.91%Furniture and Fixtures Straight line 100%Intellectual Property / Distribution Rights Straight line 24 – 36 monthsFixed assets purchased for specific projects are depreciated over the period of the project.e) LeasesAssets leased by the Company in the capacity of the lessee, where the Company has substantially all the risksand rewards of ownership are classified as finance lease. Such lease are capitalised at the inception of the leaseat lower of the fair value or the present value of the minimum lease payments and a liability is created for anequivalent amount. Each lease rental paid is allocated between the liability and the interest cost so as to obtaina constant periodic rate of interest on the outstanding liability for each year.Lease arrangements where the risks and rewards incidental to ownership of an asset substantially vest with thelessor, are recognised as operating leases. Lease rentals under operating leases are recognised in the profit andloss account on a straight-line basis.f) ImpairmentAt each balance sheet date, the Management reviews the carrying amounts of its assets to determine whetherthere is any indication that those assets were impaired. If any such indication exists, the recoverable amount ofthe asset is estimated in order to determine the extent of impairment loss. Recoverable amount is the higher of133
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Annual Report 2008 - 09agilityina D
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ContentsBoard of Directors 2Our Lea
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Laura M ChaIndependentDirectorDr. R
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N ChandrasekaranChief Operating Off
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Your Company remained focused on he
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"TCS is a valued customer, supplier
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“Nielsen is moving quickly to tra
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Board of DirectorsR N Tata (Chairma
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Management TeamFunctionNameIndustry
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3. DividendBased on the Company's p
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The Company has also been rated by
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11. Corporate SustainabilityIn keep
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13. Corporate Governance Report and
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Annexure to the Directors’ Report
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Expenditure on R&D(Rs. in crore)Yea
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Sr. Name Age Designation Gross Net
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DECLARATION REGARDING COMPLIANCE BY
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Chart 3: IT Services spends by indu
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B. FOCUS AREAS OF THE COMPANY1. Vis
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2.6 Organisation: From April 2008,
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Company also offers PerformanceMana
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4. R&D and Innovation Labs: TCS est
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Chart 24: Diversity: Global work fo
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The Company’s ability to bid for
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Corporate Governance practices and
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TCS LIMITED (UNCONSOLIDATED)RESULTS
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eduction in cost of software licens
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FINANCIAL POSITION - TCS LIMITED(UN
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Deferred tax assets (net)Details of
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Cash flow from investing activities
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RevenuesRevenues from operationsThe
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The primary reasons for the decreas
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obligations under finance lease was
Page 83 and 84: Rs.137.03 crore as at March 31, 200
Page 85 and 86: COMPANY'S CONSOLIDATED PERFORMANCE
Page 87 and 88: INTERNAL CONTROL SYSTEMS AND THEIR
Page 89 and 90: Name of Category Number of Board Wh
Page 91 and 92: (v)The composition of the Audit Com
Page 93 and 94: (ix)Group Health Insurance as separ
Page 95 and 96: Capital and revenue budgets and cap
Page 97 and 98: (vi)Market Price Data:High, Low (ba
Page 99 and 100: (xi) Shareholding as on March 31, 2
Page 101 and 102: COMPLIANCE CERTIFICATETO THE MEMBER
Page 103 and 104: ANNEXURE TO THE AUDITORS' REPORT(Re
Page 105 and 106: trading in shares, securities, debe
Page 107 and 108: INCOMEProfit and Loss Account for t
Page 109 and 110: Schedules forming part of the Balan
Page 133: Schedules forming part of the Profi
Page 137 and 138: services are rendered. Revenue from
Page 139 and 140: 3) The Company has given undertakin
Page 141 and 142: The estimate of future salary incre
Page 143 and 144: Particulars Geographic Segment (Rs.
Page 145 and 146: ii) TCS Financial Solutions Austral
Page 147 and 148: (Rs. in crores)Particulars Holding
Page 149 and 150: (Rs. in crores)2009 2008Remuneratio
Page 151 and 152: 19) Micro and Small Enterprises(Rs.
Page 153 and 154: Number of Number of Gross AmountNon
Page 155 and 156: No. of Shares* Tata Consultancy Ser
Page 157 and 158: AUDITORS’ REPORT ON CONSOLIDATED
Page 159 and 160: Consolidated Profit and Loss Accoun
Page 161 and 162: Schedules forming part of the Conso
Page 163 and 164: SCHEDULE ‘D’UNSECURED LOANSSche
Page 171 and 172: e) DepreciationDepreciation other t
Page 173 and 174: Dividends are recorded when the rig
Page 175 and 176: Name of the Company Country of Perc
Page 177 and 178: 3) Acquisitions / Divestmenta) On M
Page 179 and 180: Funded retirement benefits Indian F
Page 181 and 182: 7) Unbilled revenue as at March 31,
Page 183 and 184: Particulars Geographic Segment (Rs.
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B) Transactions with related partie
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2009 2008(Rs. in crores)(Rs. in cro
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Net loss on derivative instruments
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Rs. in croresSr. Name of the Subsid
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Awards and RecognitionsWall Street
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