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Annual Report 2008-0915) Auditors' remuneration2009 2008148(Rs. in crores)(Rs. in crores)For services as Auditors, including quarterly audits 1.60 1.60For Tax Audit 0.25 0.25For Other services 1.74 0.57Reimbursement of out-of-pocket expenses 0.03 0.05For service tax * 0.41 0.30The remuneration disclosed above excludes fees of Rs. 1.14 crores (Previous year: Rs. 2.84 crores) for attest and otherprofessional services rendered by a firm of accountants in which some partners of the firm of statutory auditors arepartners.* Service tax credit has been / will be availed.16) Current tax is net of the write-back of provisions (net) and refunds received of Rs. 103.11 crores for the year endedMarch 31, 2009 (March 31, 2008: Rs. 37.52 crores) in domestic and certain overseas jurisdictions relating to earlier years.17) Contingent LiabilitiesAs atAs atMarch 31, 2009 March 31, 2008(Rs. in crores)(Rs. in crores)Claims against the Company not acknowledgedas debt (See note (i) below) 43.82 99.35Income Tax demands 269.04 5.63Indirect Tax demands 35.56 25.87Guarantees given by the Company on behalf of subsidiaries(See note (iii) below) 1938.84 2091.86i) The Company is contesting claims made by lessors for properties leased under tenancy agreements in the courts.In respect of these claims, a provision has been held for Rs. 67.58 crores (March 31, 2008: Rs. 11.83 crores) andRs. 32.90 crores (March 31, 2008: Rs. 81.54 crores) have been included above under the head “Claims againstthe Company not acknowledged as debt”.ii) As stated in note 2(f) above, on December 31, 2008, the Company acquired 96.26 percent stake inTCS e-Serve Limited (formerly known as Citigroup Global Services Limited (CGSL)), a business process outsourcingservices provider in the Banking and Financial Services sector. TCS e-Serve Limited has a contingent liability ofRs. 220.72 crores as at March 31, 2009, in respect of Income Tax matters in dispute. TCS e-Serve Limited has alsopaid advance taxes aggregating Rs. 162.27 crores against the disputed amounts for the relevant assessmentyears. The Company is entitled to an indemnification of the above referred contingent claims on TCS e-ServeLimited from the seller and would be required to pay amounts equal to amounts refunded to TCS e-ServeLimited on those claims as an adjustment to the purchase price consideration.iii) The Company has provided guarantees aggregating to Rs. 1833.80 crores (GBP 252.50 million) (March 31, 2008:Rs. 2006.93 crores) (GBP 252.50 million) to third parties on behalf of its subsidiary Diligenta Limited.18) Commitmentsi) Estimated amount of contracts remaining to be executed on capital account and not provided for (net ofadvances) Rs. 637.87 crores (March 31, 2008: Rs. 503.40 crores).ii) Pearl Group Services Limited (“Pearl”) has an equity holding of 24 percent in Diligenta Limited. Under theshareholders agreement dated March 23, 2006, the Company has a call option to purchase all the shares heldby Pearl at fixed price of Rs. 219.62 crores (GBP 30.24 million) at the end of fourth year and Pearl has a putoption to sell the shares to the Company at the same price at the end of the fifth year.iii) The Company has undertaken to provide continued financial support to its subsidiary APOnline Limited,MP Online Limited, Tata Consultancy Services Asia Pacific Pte Limited, TCS FNS Pty Ltd. and Tata ConsultancyServices Morocco SARL AU.
19) Micro and Small Enterprises(Rs. in crores)Particulars As at As atMarch 31, 2009 March 31, 2008Principal Interest Principal InterestAmount due to Vendor 0.81 - 3.44 0.07Principal amount paid (includes unpaid)beyond the appointed date 24.10 - 23.50 -Interest accrued and remaining unpaid(includes interest disallowable) - 0.20 - 0.1720) Income In Foreign Currency2009 2008(Rs. in crores)(Rs. in crores)(a) FOB value of exports 202.68 160.25(b) Consultancy Services 20600.26 16596.68(c) Interest Income 23.37 16.79(e) Other Income 10.34 2.7621) Expenditure in Foreign Currency(subject to deduction of tax where applicable)2009 2008(Rs. in crores)(Rs. in crores)(a) Royalty 1.50 2.29(b) Professional Fees 77.17 67.85(c) Interest 1.87 2.98(d) Business Associate Expenses 804.70 465.94(e) Communication Expenses 150.48 107.88(f) Foreign Taxes 321.87 393.96(g) Overseas Business Expenses 4496.19 3555.94(h) Overseas Employee Costs 1116.45 971.45(i) Travelling and Conveyance 100.12 82.63(j) Software Expenses 381.24 319.26(k) Others 415.93 451.7822) Value of Imports calculated on C.I.F. basis2009 2008(Rs. in crores)(Rs. in crores)Raw materials, sub-assemblies and components 42.28 41.19Capital goods 260.52 231.55Stores and spare parts 0.07 0.07149
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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
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Rs.137.03 crore as at March 31, 200
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COMPANY'S CONSOLIDATED PERFORMANCE
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INTERNAL CONTROL SYSTEMS AND THEIR
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Name of Category Number of Board Wh
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(v)The composition of the Audit Com
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(ix)Group Health Insurance as separ
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Capital and revenue budgets and cap
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(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 and 134: Schedules forming part of the Profi
Page 135 and 136: SCHEDULE ‘Q’ - NOTES TO ACCOUNT
Page 137 and 138: services are rendered. Revenue from
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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: (Rs. in crores)2009 2008Remuneratio
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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,
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Page 185 and 186: B) Transactions with related partie
Page 187 and 188: 2009 2008(Rs. in crores)(Rs. in cro
Page 189 and 190: Net loss on derivative instruments
Page 191 and 192: Rs. in croresSr. Name of the Subsid
Page 193 and 194: Awards and RecognitionsWall Street
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