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Annual Report 2008-09Balance Sheet Abstract and Company’s General Business ProfileI) Registration DetailsRegistration No. 84781 State Code 11Balance Sheet Date 31st March, 2009II)Capital Raised during the year (Amount Rs. in Thousands)Public IssueNilBonus IssueNilRights IssueNilPrivate PlacementNilIII)Position of Mobilisation and Deployment of Funds (Amount Rs. in Thousands)Total LiabilitiesTotal Assets135896605 135896605Sources of Funds Paid-up Capital Reserves and Surplus1978610 132483829Secured LoansUnsecured Loans326339 77370Other Liabilities1030457Application of Funds Net Fixed Assets Investment33542109 59360333Net Current AssetsOther Assets42957672 36491IV)Performance of the Company (Amount Rs. in Thousands)IncomeTotal Expenditure219477472 168080600Profit / (Loss) Before TaxProfit / (Loss) After Tax51396872 46962032Earnings per Share in Rs. Dividend Rate % #(Weighted Average)# includes interim dividend of Rs. 9 per share paid during the year.47.91 1400%V) Generic Names of Principal Products/Services of Company (as per monetary terms)Item Code No. (ITC Code) 85249009Product DescriptionComputer Software154
AUDITORS’ REPORT ON CONSOLIDATED FINANCIAL STATEMENTSTO THE BOARD OF DIRECTORS OFTATA CONSULTANCY SERVICES LIMITED1. We have audited the attached Consolidated Balance Sheet of TATA CONSULTANCY SERVICES LIMITED (‘theCompany’), and its subsidiaries (collectively referred as ‘the TCS Group’) as at March 31, 2009 and theConsolidated Profit and Loss account and the Consolidated Cash Flow statement for the year ended on thatdate annexed thereto. These financial statements are the responsibility of the Company’s management andhave been prepared by the management on the basis of separate financial statements and other financialinformation regarding components. Our responsibility is to express an opinion on these financial statementsbased on our audit.2. We conducted our audit in accordance with the auditing standards generally accepted in India. Those Standardsrequire that we plan and perform the audit to obtain reasonable assurance about whether the financialstatements are free of material misstatement. An audit includes examining, on a test basis, evidencesupporting the amounts and disclosures in the financial statements. An audit also includes assessing theaccounting principles used and significant estimates made by the management, as well as evaluating the overallfinancial statement presentation. We believe that our audit provides a reasonable basis for our opinion.3. We did not audit the financial statements of certain subsidiaries whose financial statements reflect total assets(net) of Rs. 2468.18 crores as at March 31, 2009, total revenues of Rs. 5397.91 crores and net cash inflowsamounting to Rs. 0.71 crores for the year ended on that date. These financial statements and other financialinformation has been audited by other auditors whose reports have been furnished to us, and our opinion isbased solely on the report of other auditors.4. The financial statements which reflect total assets (net) of Rs. 3.16 crores as at March 31, 2009, total revenuesof Rs. 1.56 crores and net cash inflow of Rs. 0.31 crores for the year ended March 31, 2009 have not beenaudited.5. We report that the consolidated financial statements have been prepared by the Company’s management inaccordance with the requirements of the Accounting Standards (AS) 21, Consolidated Financial Statements andAccounting Standards (AS) 23 Accounting for Investments in Associates in Consolidated Financial Statementsprescribed by the Central Government under Section 211 (3C) of the Companies Act, 1956 and other recognisedaccounting practices and policies.6. Based on our audit and on consideration of reports of other auditors on separate financial statements and onthe other financial information of the components, and to the best of our information and according to theexplanations given to us, we are of the opinion that the attached consolidated financial statements give a trueand fair view in conformity with the accounting principles generally accepted in India:(i) in the case of the Consolidated Balance Sheet, of the state of affairs of the TCS Group as at March 31,2009;(ii) in the case of the Consolidated Profit and Loss Account, of the profit for the year ended on that date; and(iii) in the case of Consolidated Cash Flow Statement, of the cash flows for the year ended on that date.For DELOITTE HASKINS & SELLSChartered AccountantsMumbai, April 20, 2009N. VENKATRAMPartnerMembership No. 71387155
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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
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(xi) Shareholding as on March 31, 2
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COMPLIANCE CERTIFICATETO THE MEMBER
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ANNEXURE TO THE AUDITORS' REPORT(Re
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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 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: No. of Shares* Tata Consultancy Ser
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.
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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