in a Dynamic Environment - Domain-b

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Annual Report 2008-09Consolidated Balance Sheet as at March 31, 2009Schedule As at As atMarch 31, 2009 March 31, 2008Rs. in croresRs. in croresSOURCES OF FUNDS:1 SHAREHOLDERS’ FUNDS(a) Share Capital A 197.86 197.86(b) Reserves and Surplus B 15502.15 12102.2615700.01 12300.122 MINORITY INTEREST 277.16 212.733 LOAN FUNDS(a) Secured Loans C 37.89 18.07(b) Unsecured Loans D 525.32 436.95563.21 455.024 DEFERRED TAX LIABILITIES (NET) E 128.55 120.265 TOTAL FUNDS EMPLOYED 16668.93 13088.13APPLICATION OF FUNDS:6 FIXED ASSETS F(a) Gross Block 5843.86 4291.80(b) Less :- Accumulated Depreciation 2359.72 1622.20(c) Net Block 3484.14 2669.60(d) Capital Work-in-Progress 705.49 906.874189.63 3576.477 GOODWILL ( ON CONSOLIDATION ) 3261.40 1264.958 INVESTMENTS G 1614.41 2606.169 DEFERRED TAX ASSETS (NET) E 60.04 87.2310 CURRENT ASSETS, LOANS AND ADVANCES(a) Interest Accrued on Investments 0.81 1.07(b) Inventories H 36.60 42.43(c) Unbilled Revenues 1481.38 1352.50(d) Sundry Debtors I 6022.88 5378.07(e) Cash and Bank Balances J 2698.14 1223.40(f) Loans and Advances K 3283.79 2033.0313523.60 10030.5011 CURRENT LIABILITIES AND PROVISIONS(a) Current Liabilities L 4253.58 3190.57(b) Provisions M 1726.57 1286.615980.15 4477.1812 NET CURRENT ASSETS [ (10) less (11) ] 7543.45 5553.3213 TOTAL ASSETS (NET) 16668.93 13088.1314 NOTES TO ACCOUNTS QAs per our report attachedFor Deloitte Haskins & SellsChartered AccountantsN. VenkatramPartnerS. RamadoraiCEO and Managing DirectorPhiroz VandrevalaHead Global Corporate Affairsand Executive DirectorFor and on behalf of the BoardRatan N. TataChairmanS. MahalingamChief Financial Officerand Executive DirectorAman MehtaDirectorN. ChandrasekaranChief Operating Officerand Executive DirectorNaresh ChandraDirectorV. ThyagarajanDirectorLaura M. ChaDirectorDr. Ron SommerDirectorMumbai, April 20, 2009Suprakash MukhopadhyayCompany SecretaryMumbai, April 20, 2009156
Consolidated Profit and Loss Account for the year ended March 31, 2009Schedule 2009 2008Rs. in croresRs. in croresINCOME1 Information technology and consultancy services 26781.86 21437.432 Sale of equipment and software licences 1031.02 1182.093 Other income, (net) N (426.99) 728.2927385.89 23347.81EXPENDITURE4 Employee costs O 9901.58 7800.585 Operation and other expenses P 10741.50 9107.566 Interest 28.66 30.017 Depreciation F 564.08 563.7121235.82 17501.86PROFIT BEFORE TAXES 6150.07 5845.958 PROVISION FOR TAXES(a) Current tax (Refer note 14, page 180) 1197.53 1090.59(b) Deferred tax expense 38.71 21.10(c) Fringe benefit tax 26.44 26.20(d) MAT credit entitlement (423.73) (351.58)838.95 786.31PROFIT FOR THE YEAR BEFORE MINORITY INTERESTAND SHARE OF PROFIT OF ASSOCIATES 5311.12 5059.649 Minority interest 54.00 34.4210 Share of loss / (profit) of associates 0.70 (0.80)NET PROFIT FOR THE YEAR 5256.42 5026.0211 Balance brought forward from previous year 8688.21 5721.12AMOUNT AVAILABLE FOR APPROPRIATION 13944.63 10747.1412 APPROPRIATIONS(a) Interim dividends on equity shares 880.74 880.74(b) Proposed final dividend on equity shares 489.31 489.31(c) Dividend on redeemable preference shares 7.00 0.08(d) Tax on dividend 235.99 234.29(e) General Reserve 496.56 454.51(f) Balance carried to Balance Sheet 11835.03 8688.2113944.63 10747.1413 Earnings per share - Basic and diluted (Rs.) (Refer note 20, page 187) 53.63 51.3614 NOTES TO ACCOUNTS QAs per our report attachedFor Deloitte Haskins & SellsChartered AccountantsN. VenkatramPartnerS. RamadoraiCEO and Managing DirectorPhiroz VandrevalaHead Global Corporate Affairsand Executive DirectorFor and on behalf of the BoardRatan N. TataChairmanS. MahalingamChief Financial Officerand Executive DirectorAman MehtaDirectorN. ChandrasekaranChief Operating Officerand Executive DirectorNaresh ChandraDirectorV. ThyagarajanDirectorLaura M. ChaDirectorDr. Ron SommerDirectorMumbai, April 20, 2009Suprakash MukhopadhyayCompany SecretaryMumbai, April 20, 2009157
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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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trading in shares, securities, debe
Page 107 and 108: INCOMEProfit and Loss Account for t
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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 and 156: No. of Shares* Tata Consultancy Ser
Page 157: AUDITORS’ REPORT ON CONSOLIDATED
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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