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Annual Report 2008-09Funded retirement benefits Indian Foreign ConsolidatedAs at As at As atMarch 31, March 31, March 31,2009 2009 2009(Rs. in crores) (Rs. in crores) (Rs. in crores)i) Change in benefit obligations:Project benefit obligation, beginning of the year 332.21 119.21 451.42256.81 108.48 365.29Service cost 62.13 15.64 77.7750.03 18.88 68.91Interest cost 29.27 5.04 34.3123.41 3.81 27.22Acquisitions 20.53 - 20.53- - -Actuarial (gain) / loss 7.09 14.75 21.8425.48 (14.39) 11.09Plan Participant's contributions - 5.73 5.73- 6.38 6.38Exchange loss - 6.93 6.93- 10.49 10.49Benefit paid (25.85) (7.59) (33.44)(23.52) (14.44) (37.96)Projected benefit obligation, end of the year 425.38 159.71 585.09332.21 119.21 451.42ii) Change in plan assets:Fair value of plan assets, beginning of the year 266.56 124.31 390.87244.17 100.87 345.04Expected return on plan assets 25.03 6.79 31.8220.44 5.56 26.00Plan Participant's contributions - 5.73 5.73- 6.38 6.38Employer's contributions 82.88 24.60 107.4821.56 21.94 43.50Acquisitions 5.89 - 5.89- - -Exchange gain - 5.27 5.27- 9.26 9.26Benefit paid (25.85) (7.59) (33.44)(23.52) (14.44) (37.96)Actuarial gain / (loss) 5.12 (21.49) (16.37)3.91 (5.26) (1.35)Fair value of plan assets, end of the year 359.63 137.62 497.25266.56 124.31 390.87Excess / (shortfall) of plan assets over obligation (65.75) (22.09) (87.84)(65.65) 5.10 (60.55)iii) Prepaid benefit / (Accrued liability) (65.75) (22.09) (87.84)(65.65) 5.10 (60.55)176
Funded retirement benefits Indian Foreign ConsolidatedAs at As at As atMarch 31, March 31, March 31,2009 2009 2009(Rs. in crores) (Rs. in crores) (Rs. in crores)iv) Net gratuity and other cost for the year endedMarch 31, 2009Service cost 62.13 15.64 77.7750.03 18.88 68.91Interest on Defined Benefit Obligation 29.27 5.04 34.3123.41 3.81 27.22Expected return on plan assets (25.03) (6.79) (31.82)(20.44) (5.56) (26.00)Net Actuarial (gains) / losses recognised in the year 1.97 36.24 38.2121.52 (9.13) 12.39Net gratuity and other cost 68.34 50.13 118.4774.52 8.00 82.52Actual return on Plan Assets 30.15 (14.70) 15.4524.35 0.30 24.65v) Category of Assets as at March 31, 2009Corporate Bonds - 59.99 59.99- 17.01 17.01Equity Shares - 19.23 19.23- 45.24 45.24Special Deposit Scheme 1.76 - 1.761.74 15.05 16.79Index linked gilt - 22.59 22.59- 18.93 18.93Insurer Managed Funds 357.85 - 357.85264.32 - 264.32Cash and Bank Balances - 1.50 1.50- 8.12 8.12Funds - - -- 19.76 19.76Others 0.02 34.31 34.330.50 0.20 0.70Total 359.63 137.62 497.25266.56 124.31 390.87vi) Assumptions used in accountingfor the gratuity plan:IndianForeignDiscount rate 7.50% - 8.00% 3.50%- 6.30%8.00% 3.50% - 6.85%Salary escalation rate 4.00% - 15.00% 1.50%- 3.25%4.00% - 6.00% 1.50% - 3.40%Expected rate of return on plan assets 8.00% - 9.15% 4.50%- 5.56%8.00% 4.50% - 5.69%The estimate of future salary increases considered in actuarial valuation take account of inflation, seniority ,promotion and other relevant factors such as supply and demand factors in the employment market.The expected return on plan assets is determined considering several applicable factors mainly the compositionof the plan assets held, assessed risks of asset management, historical results of the return on plan assets and theCompany's policy for plan asset management.177
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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
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INCOMEProfit and Loss Account for t
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Schedules forming part of the Balan
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Page 127 and 128: Schedules forming part of the Balan
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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 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: 3) Acquisitions / Divestmenta) On M
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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