in a Dynamic Environment - Tata Consultancy Services
in a Dynamic Environment - Tata Consultancy Services
in a Dynamic Environment - Tata Consultancy Services
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Consolidated Profit and Loss Account for the year ended March 31, 2009<br />
Schedule 2009 2008<br />
Rs. <strong>in</strong> crores Rs. <strong>in</strong> crores<br />
1<br />
INCOME<br />
Information technology and consultancy services 26781.86 21437.43<br />
2 Sale of equipment and software licences 1031.02 1182.09<br />
3 Other <strong>in</strong>come, (net) N (426.99) 728.29<br />
EXPENDITURE<br />
27385.89 23347.81<br />
4 Employee costs O 9901.58 7800.58<br />
5 Operation and other expenses P 10741.50 9107.56<br />
6 Interest 28.66 30.01<br />
7 Depreciation F 564.08 563.71<br />
21235.82 17501.86<br />
PROFIT BEFORE TAXES 6150.07 5845.95<br />
8 PROVISION FOR TAXES<br />
(a) Current tax (Refer note 14, page 180) 1197.53 1090.59<br />
(b) Deferred tax expense 38.71 21.10<br />
(c) Fr<strong>in</strong>ge benefit tax 26.44 26.20<br />
(d) MAT credit entitlement (423.73) (351.58)<br />
838.95 786.31<br />
PROFIT FOR THE YEAR BEFORE MINORITY INTEREST<br />
AND SHARE OF PROFIT OF ASSOCIATES 5311.12 5059.64<br />
9 M<strong>in</strong>ority <strong>in</strong>terest 54.00 34.42<br />
10 Share of loss / (profit) of associates 0.70 (0.80)<br />
NET PROFIT FOR THE YEAR 5256.42 5026.02<br />
11 Balance brought forward from previous year 8688.21 5721.12<br />
AMOUNT AVAILABLE FOR APPROPRIATION 13944.63 10747.14<br />
12 APPROPRIATIONS<br />
(a) Interim dividends on equity shares 880.74 880.74<br />
(b) Proposed f<strong>in</strong>al dividend on equity shares 489.31 489.31<br />
(c) Dividend on redeemable preference shares 7.00 0.08<br />
(d) Tax on dividend 235.99 234.29<br />
(e) General Reserve 496.56 454.51<br />
(f) Balance carried to Balance Sheet 11835.03 8688.21<br />
13944.63 10747.14<br />
13 Earn<strong>in</strong>gs per share - Basic and diluted (Rs.) (Refer note 20, page 187) 53.63 51.36<br />
14 NOTES TO ACCOUNTS Q<br />
As per our report attached<br />
For Deloitte Hask<strong>in</strong>s & Sells<br />
Chartered Accountants<br />
N. Venkatram<br />
Partner<br />
Mumbai, April 20, 2009<br />
S. Ramadorai<br />
CEO and Manag<strong>in</strong>g Director<br />
Phiroz Vandrevala<br />
Head Global Corporate Affairs<br />
and Executive Director<br />
V. Thyagarajan<br />
Director<br />
Suprakash Mukhopadhyay<br />
Company Secretary<br />
For and on behalf of the Board<br />
Ratan N. <strong>Tata</strong><br />
Chairman<br />
S. Mahal<strong>in</strong>gam<br />
Chief F<strong>in</strong>ancial Officer<br />
and Executive Director<br />
Aman Mehta<br />
Director<br />
Laura M. Cha<br />
Director<br />
N. Chandrasekaran<br />
Chief Operat<strong>in</strong>g Officer<br />
and Executive Director<br />
Naresh Chandra<br />
Director<br />
Dr. Ron Sommer<br />
Director<br />
Mumbai, April 20, 2009<br />
157
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