in a Dynamic Environment - Domain-b

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Annual Report 2008-09DomesticForeign2009 2008 2007 2009 2008 2007(Rs. in (Rs. in (Rs. in (Rs. in (Rs. in (Rs. incrores) crores) crores) crores) crores) crores)Experience adjustmentOn plan liabilities (19.01) (27.75) (22.11) 4.46 (0.31) 0.34On plan assets 5.08 3.96 2.44 (6.17) (0.25) (0.51)Present value of benefit obligation 425.38 332.21 256.80 159.71 119.21 108.48Fair value of plan assets 359.63 266.56 244.17 137.62 124.31 100.87Excess of (obligation over plan assets) /plan assets over obligation (65.75) (65.65) (12.63) (22.09) 5.10 (7.61)The expected benefits are based on the same assumptions used to measure Group’s gratuity obligations as ofMarch 31, 2009. Group is expected to contribute Rs.109.58 crores to gratuity funds for the year ended March31, 2010, comprising domestic component of Rs. 86.63 Crores and foreign component of Rs 22.95 CroresUnfunded Post retirement medical benefitsAs atMarch 31, 2009(Rs. in crores)i) Change in benefit obligations:Project benefit obligation, beginning of the year 5.135.64Service cost 0.030.43Interest cost 0.410.48Acquisitions --Actuarial gain (0.72)(1.34)Plan Participant's contributions --Exchange loss --Benefit paid (0.39)(0.08)Projected benefit obligation, end of the year 4.465.13Fair value of plan assets, end of the year --Excess of obligation over plan assets (4.46)(5.13)ii) Accrued liability (4.46)(5.13)iii) Net medical and other cost for the year ended March 31, 2009Service cost 0.030.43Interest on Defined Benefit Obligation 0.410.48Net Actuarial (gains) recognised in the year (0.72)(1.34)Net medical and other cost (0.28)(0.43)iv) Assumptions used in accounting for the medical plan:RateDiscount rate 7.50%8.00 %178
7) Unbilled revenue as at March 31, 2009, amounting to Rs. 1481.38 crores (March 31, 2008:Rs. 1352.50 crores) primarilycomprises of the revenue recognised in relation to efforts incurred on turnkey contracts priced on a fixed time, fixed pricebasis.8) A provision of Rs. Nil (GBP Nil) as at March 31, 2009 (March 31, 2008: Rs.3.82 crores (GBP 0.48 million)) has been made torecognise the Company's legal obligation to undertake dilapidations, that existed on the date of inception of the lease.This amount is recoverable from the lessor and a corresponding receivable has been recognised.9) Obligation towards non-cancellable operating leasesOperating lease obligation As at As atMarch 31, 2009 March 31, 2008(Rs. in crores)(Rs. in crores)Not later than one year 346.37 264.07Later than one year but not later than five years 884.94 677.57Later than five years 430.23 352.62Total 1661.54 1294.26The total charge to the Profit and Loss Account for the year ended March 31, 2009 is Rs. 301.42 crores (Previous year :Rs. 248.61 crores).10) Finance Leasea) Company as lessorParticulars As at As atMarch 31, 2009 March 31, 2008(Rs. in crores)(Rs. in crores)i) Total gross investment for the period 2.39 3.23 Not later than one year 0.84 0.84 Later than one year but not later than five years 1.55 2.39 Later than five years - -ii) Present value of Minimum Lease Payments receivable 1.22 1.37 Not later than one year 0.25 0.15 Later than one year but not later than five years 0.97 1.22 Later than five years - -iii) Unearned Finance Income 1.16 1.86b) Company as lesseeFinance lease obligation As at As atMarch 31, 2009 March 31, 2008(Rs. in crores)(Rs. in crores)Minimum Lease payments:Less than one year 11.50 4.15One to five years 30.08 5.93Later than five years 21.92 -Total 63.50 10.08Present Value of minimum lease payments:Less than one year 6.31 4.15One to five years 13.01 4.65Later than five years 17.12 -Total 36.44 8.80The finance lease arrangement is renewable at the option of the lessee.179
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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 129 and 130: 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
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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: Funded retirement benefits Indian F
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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