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Balance Sheet(2009-2000) in US Format for Tata Motors

*All numbers are in INR and in x10M
200903 200803
Inventories 2229.81 2421.83
Sundry Debtors 1555.2 1130.73
Cash and Bank 1141.82 2397.31
Loans and Advances 4764.86 4410.38
Total Current Assets 9691.69 10360.25
Gross Block 13905.17 10830.83
Less : Accumulated Depreciation 6259.9 5443.52
Less:Impairment of Assets 0 0
Net Block 7645.27 5387.31
Lease Adjustment 0 0
Capital Work in Progress 6954.04 5064.96
Investments 12968.13 4910.27
Miscellaneous Expenses not written off 2.02 6.05
Deferred Tax Assets 1144.89 397.45
Total Asset 38406.04 26126.29
Current Liabilities 9122.37 8643.67
Provisions 1877.26 1989.43
Total Current Liabilities 10999.63 10633.1
Deferred Tax Liability 2010.7 1373.17
Secured Loans 5251.65 2461.99
Unsecured Loans 7913.91 3818.53
Total Debt 13165.56 6280.52
Share Capital 514.05 385.54
Reserves Total 11716.1 7453.96
Equity Share Warrants 0 0
Equity Application Money 0 0
Total Shareholders Funds 12230.15 7839.5
Total Liability 38406.04 26126.29
Check Integrity* 0 0
*It checks asset and liability mismatch if any
200703 200603 200503 200403 200303 200203 200103 200003
2500.95 2012.24 1601.36 1147.44 1159.29 987.51 1105.1 990.86
782.18 716.6 798.58 614.99 946.1 785.62 758.02 865.21
826.76 1119.43 2005.04 770.49 245.35 326.63 115.46 65.27
6402.16 5639.54 2681.05 1162.78 631.27 595.87 782.98 1081.83
10512.05 9487.81 7086.03 3695.7 2982.01 2695.63 2761.56 3003.17
8775.8 7971.55 6611.95 5985.4 5888.99 5769.5 5638.14 5420.44
4894.54 4401.51 3454.28 3023.69 2713.07 2431.72 2090.67 1828.18
0 0 0 0 0 0 0 0
3881.26 3570.04 3157.67 2961.71 3175.92 3337.78 3547.47 3592.26
0 0 0 0 0 0 0 0
2513.32 951.19 538.84 286.09 192.15 140.56 276.13 391.89
2477 2015.15 2912.06 3056.77 1271.8 1189.92 1387.18 1200.74
10.09 14.12 18.16 22.19 30.06 0 891.88 787.18
176.6 150.75 102.69 135.06 548 708.17 0 0
19570.32 16189.06 13815.45 10157.52 8199.94 8072.06 8864.22 8975.24
6363.68 5726.82 5414.61 4228.13 3175.26 2528.81 2434.38 1957.21
1364.32 1215.04 1126.06 430.64 315.91 160.06 177.18 259.65
7728 6941.86 6540.67 4658.77 3491.17 2688.87 2611.56 2216.86
963.43 773.29 667.97 649.21 653.3 613.17 0 0
2022.04 822.76 489.81 942.65 1037.32 1344.78 1813.33 1650.27
1987.1 2114.08 2005.61 317.12 420.99 960.18 1185.55 1353.99
4009.14 2936.84 2495.42 1259.77 1458.31 2304.96 2998.88 3004.26
385.41 382.87 361.79 353 319.83 319.82 255.9 255.9
6484.34 5154.2 3749.6 3236.77 2277.33 2145.24 2997.88 3498.22
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
6869.75 5537.07 4111.39 3589.77 2597.16 2465.06 3253.78 3754.12
19570.32 16189.06 13815.45 10157.52 8199.94 8072.06 8864.22 8975.24
0 0 0 0 0 0 0 0
Income Statement(2009-2000) - Tata Motors
*All numbers are in INR and in x10M
200903 (12)
200803 (12)
INCOME :
Sales Turnover 28292.56 32885.03
Excise Duty 2877.53 4347.04
Net Sales 25415.03 28537.99
Other Income 1369.9 996.05
Stock Adjustments -238.04 -40.48

Total Income 26546.89 29493.56

EXPENDITURE :
Raw Materials 18398.94 20190.19
Power & Fuel Cost 304.94 325.19
Employee Cost 1539.26 1534.41
Other Manufacturing Expenses 1300.24 1396.22
Selling and Administration Expenses 1350.93 1298.67
Miscellaneous Expenses 1869.4 1838.72
Less: Pre-operative Expenses Capitalised 916.02 744.23

Total Expenditure 23847.69 25839.17

Operating Profit 2699.2 3654.39
Interest 810.9 425.61
Gross Profit 1888.3 3228.78
Depreciation 874.54 652.31
Profit Before Tax 1013.76 2576.47
Tax 0 139.01
Fringe Benefit tax 15 7
Deferred Tax -2.5 401.54
Reported Net Profit 1001.26 2028.92
Extraordinary Items 531.63 149.49
Adjusted Net Profit 469.63 1879.43

Adjst. below Net Profit 15.29 0
P & L Balance brought forward 1383.07 1013.83
Statutory Appropriations 0 0
Appropriations 713.63 1659.68
P & L Balance carried down 1685.99 1383.07

Dividend 311.61 578.43
Preference Dividend 0 0
Equity Dividend % 60 150
Earnings Per Share(Adj)-Unit Curr 21.5 48.93
Earnings Per Share-Unit Curr 21.5 50.52
Earnings Per Share(Adj)-Unit Curr 21.5 48.93
Book Value-Unit Curr 269.88 202.68
200703 (12)200603 (12)
200503 (12)200403 (12)
200303 (12)200203 (12)200103 (12)
200003 (12)

31611.21 23673.43 20152.03 15165.85 10585.43 8676.86 7927.63 8691.62
4425.44 3380.13 3063.44 2270.3 1743.79 1389.29 1292.24 1487.82
27185.77 20293.3 17088.59 12895.55 8841.64 7287.57 6635.39 7203.8
574.11 693.92 560.29 427.79 323.65 271.67 284.5 457.44
349.68 256.91 144 -141.98 119.74 -49.03 56.67 154.14

28109.56 21244.13 17792.88 13181.36 9285.03 7510.21 6976.56 7815.38

19374.93 14263.86 11929.48 8341.39 5699.58 4716.47 4728.07 5086.54
327.41 258.51 237.81 214.52 193.51 184.78 185.18 213.8
1361.2 1141.48 1037.93 879.49 720.37 716.07 624.3 701.64
1618.68 1251.02 1017.11 722.95 510.39 639.15 457.32 547.86
1322.88 985.74 795.03 645.73 606.25 290.12 279.52 186.06
1153.53 784.56 673.78 644.75 529.6 447.23 475.97 414.99
577.05 308.85 218.13 144.89 156.46 144.63 112.32 226.58

24581.58 18376.32 15473.01 11303.94 8103.24 6849.19 6638.04 6924.31

3527.98 2867.81 2319.87 1877.42 1181.79 661.02 338.52 891.07
368.51 293.49 217.81 202.48 309.29 415.55 491.49 473.26
3159.47 2574.32 2102.06 1674.94 872.5 245.47 -152.97 417.81
586.29 520.94 450.16 382.6 362.13 354.68 347.37 342.61
2573.18 2053.38 1651.9 1292.34 510.37 -109.21 -500.34 75.2
476 363.35 363.82 96 19.71 0 0 4
6.5 19 0 0 0 0 0 0
177.22 142.15 51.13 386 190.55 -55.48 0 0
1913.46 1528.88 1236.95 810.34 300.11 -53.73 -500.34 71.2
37.4 145.42 24.77 -29.95 4.94 -45.46 -9.79 258.23
1876.06 1383.46 1212.18 840.29 295.17 -8.27 -490.55 -187.03

0 0 0 0 0 0 0 0
776.76 585.6 365.8 123.71 0 0 135.49 130.77
0 0 0 0 0 0 0 0
1676.39 1337.72 1017.15 568.25 176.4 -53.73 -364.85 66.48
1013.83 776.76 585.6 365.8 123.71 0 0 135.49

578.07 497.94 452.19 282.11 127.91 0 0 63.96
0 19.94 0 0 0 0 0 0
150 130 125 80 40 0 0 25
45.61 36.4 31.42 21.24 8.59 0 0 2.16
47.1 37.59 32.44 21.93 8.87 0 0 2.23
45.61 36.4 31.42 21.24 8.59 0 0 2.16
177.57 143.93 113.64 101.69 81.2 77.08 127.15 146.7
00003 (12)
Cash Flow Statement(2009-2000) - Tata Motors
*All numbers are in INR and in x10M
200903
Cash Flow Summary
Cash and Cash Equivalents at Beginning of the year 2397.31
Net Cash from Operating Activities 1284.48
Cash Flow From Operating Activities
Net Profit before Tax & Extraordinary Items 1001.26
Adjustment For
Depreciation 870.05
Interest (Net) 270.69
Dividend Received 0
P/L on Sales of Assets -13.07
P/L on Sales of Invest -518.56
Prov. & W/O (Net) -57.77
P/L in Forex 126.4
Fin. Lease & Rental Chrgs 0
Others -134.8
Total Adjustments (PBT & Extraordinary Items) 542.94
Op. Profit before Working Capital Changes 1544.2
Adjustment For
Trade & 0th receivables -256.18
Inventories 192.02
Trade Payables -30.83
Loans & Advances 0
Investments 0
Net Stock on Hire 0
Leased Assets Net of Sale 0
Trade Bill(s) Purchased 0
Change in Borrowing 0
Change in Deposits 0
Others 0
Total (OP before Working Capital Changes) -94.99
Cash Generated from/(used in) Operations 1449.21
Interest Paid(Net) 0
Direct Taxes Paid -154.19
Advance Tax Paid 0
Others 0
Total-others -154.19
Cash Flow before Extraordinary Items 1295.02
Extraordinary Items
Excess Depreciation W/b 0
Premium on Lease of land 0
Payment Towards VRS 0
Prior Year 's Taxation 0
Gain on Forex Exch. Tran -10.54
Others 0
Net Cash Used in Investing Activities -10644.67
Cash Flow from Investing Activities
Investment in Assets :
Purchased of Fixed Assets -4029.06
Sale of Fixed Assets 17.76
capital WIP 0
Capital Subsidy Recd 0
Financial/Capital Investment :
Purchase of Investments 0
Sale of Investments 1664.53
Investment Income 0
Interest Received 136.94
Dividend Received 458.42
Invest.In Subsidiaires -8046.76
Loans to Subsidiaires -524.05
Investment in Group Cos -151.17
Issue of Sh. on Acqu. of Cos 0
Canc. of Invest. in Cos Acq. 0
Acquisition of Companies 0
Inter Corporate Deposits -179.67
Others 8.39
Net Cash Used in Financing Activities 8104.7
Cash Flow From Financing Activities
Proceeds:
Proceeds from Issue of shares (incl share premium) 4109.66
Proceed from Issue of Debentures 0
Proceed from 0ther Long Term Borrowings 7695.57
Proceed from Bank Borrowings 0
Proceed from Short Tem Borrowings 0
Proceed from Deposits 1232.47
Share Application Money 0
Cash/Capital Investment Subsidy 0
Loans from a Corporate Body 0
Payments:
Share Application Money Refund 0
On Redemption of Debenture -0.96
Of the Long Tem Borrowings -3178.46
Of the short term Borrowings 0
Of financial Liabilities 0
Dividend Paid -642.41
Shelter Assistance Reserve 0
Interest Paid -1111.17
Others 0
Net Cash Used in Financing Activities 8104.7
Net Inc/(Dec) in Cash and Cash Equivalent -1255.49
Cash and Cash Equivalents at End of the year 1141.82
200803 200703 200603 200503 200403 200303 200203 200103

826.76 1119.43 2005.04 771.12 245.35 326.62 115.44 65.12
6164.92 2208.85 -223.93 1242.93 2719.11 1375.51 857.87 662.68

2028.92 1913.46 1528.88 1236.95 810.34 300.11 -53.73 -500.34

647.82 582.51 522.48 450.16 382.6 362.13 354.68 347.37
33.36 103.36 114.88 36 116.18 267.41 365.63 419.27
0 0 0 0 0 0 0 0
-20.56 -14.64 -5.6 -0.03 8.73 -14.54 1.88 4.07
-168.62 -35.48 -177.64 -47.94 -13.82 -6.5 -3.61 -42
-64 1.74 -9.26 10.22 78.91 6 111.2 181.19
-46.34 -62.17 34.32 -11.61 -40.95 0 0.01 0.13
0 0 0 0 0 0 0 0
-195.36 4.03 4.04 4.03 4.56 210.81 -36.55 -8.81
186.3 579.35 483.22 440.83 536.21 825.31 793.24 901.22
2215.22 2492.81 2012.1 1677.78 1346.55 1125.42 739.51 400.88

1558.28 -185.26 -2102.41 -1139.44 -259.22 -211.66 43.84 143.05
79.12 -488.71 -410.88 -451.93 11.85 -171.78 117.59 -114.24
2076.32 221.96 194.17 1156.31 1164.11 672.76 129.75 517.1
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 -26.75 -30.06 -173.82 -258.77
3713.72 -452.01 -2319.12 -435.06 889.99 259.26 117.36 287.14
5928.94 2040.8 -307.02 1242.72 2236.54 1384.68 856.87 688.02
0 0 0 0 0 0 0 0
250.53 169.33 85.99 7.77 482.57 -9.17 1 -25.34
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
250.53 169.33 85.99 7.77 482.57 -9.17 1 -25.34
6179.47 2210.13 -221.03 1250.49 2719.11 1375.51 857.87 662.68

0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
-14.55 -1.28 -2.9 -7.56 0 0 0 0
0 0 0 0 0 0 0 0
-5724.65 -2805.1 193.59 -956.57 -2043.06 -248.03 113.09 217.13

-4411.26 -2461.19 -1123.49 -817.47 -288.97 -275.72 -136.4 -48.42
39.32 95.15 14.04 3.82 15.58 49.21 2.76 396.19
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0

-1103.98 -6.75 -236.65 -462.49 -1858.76 -42.28 -67.98 -227.22
289.01 171.67 1068.21 606.27 39.31 16.72 254.08 54.85
0 0 0 0 0 0 0 0
125.56 41.2 79.17 46.65 40.56 33.4 31.08 48.02
144.5 207.63 108.1 118.15 45.08 11.26 16.02 24.22
-664.44 -561.64 0 0 0 0 0 0
-53.39 0 0 0 0 0 0 0
-693.5 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 194.65 0 0 0 0 0
209.26 -262.51 2.49 -5.71 -11.19 -40.62 10.48 -30.51
394.27 -28.66 87.07 -445.79 -24.67 0 3.05 0
1130.28 303.58 -855.27 947.56 -150.91 -1208.75 -759.78 -829.49

0 0 0 71.81 234.21 0.01 0 0
0 0 0 0 0 0 415.51 0
2827.7 1783.92 1 98.54 447.7 364.66 347.33 0
0 0 0 0 0 0 0 0
405.48 273.8 84.77 0 2.74 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0
0 0 0 -11.86 -37.14 -16.92 -3.9 0
-2831.24 -817.33 -561.81 -499.36 -712.2 -1018.54 -604.91 -222.32
0 0 0 -54.77 0 -210.44 -459.43 0
0 0 0 0 0 0 0 0
-674.91 -566.7 -514.16 -165.39 -298.61 -0.05 -0.28 -74.28
0 0 0 0 0 0 0 0
-566.73 -370.02 -309.69 -222.91 -236.75 -327.21 -446.89 0
1969.98 -0.09 444.62 1731.5 449.14 -0.26 -7.21 -532.89
1130.28 303.58 -855.27 947.56 -150.91 -1208.75 -759.78 -829.49
1570.55 -292.67 -885.61 1233.92 525.14 -81.27 211.18 50.32
2397.31 826.76 1119.43 2005.04 770.49 245.35 326.62 115.44
200003

430.42
444.1

75.2

342.61
362.6
0
-135.04
-127.19
57.33
11.4
2.95
-6.98
507.68
582.88

619.8
-204.75
-434.25
0
0
0
0
0
0
0
-104.26
-123.46
459.42
0
-15.32
0
0
-15.32
444.1

0
0
0
0
0
0
323.73

-420.08
198.12
0
0

-281.95
229.66
0
69.38
41.11
0
0
0
0
0
0
487.49
0
-1133.13

0
0
0
0
0
0
0
0
0

0
0
-455.22
0
0
-85.73
0
0
-592.18
-1133.13
-365.3
65.12
Key Ratios for Tata Motors
200903 200803 200703 200603
Key Ratios
Debt-Equity Ratio 0.97 0.7 0.56 0.56
Long Term Debt-Equity Ratio 0.49 0.41 0.36 0.49
Current Ratio 0.62 0.86 1.07 1.08
Turnover Ratios
Fixed Assets 2.29 3.36 3.79 3.25
Inventory 12.16 13.36 14.01 13.1
Debtors 21.07 34.38 42.18 31.25
Interest Cover Ratio 1.59 7.05 7.98 8
Profitability Ratio
PBIDTM (%) 7.66 11.11 11.16 12.11
PBITM (%) 4.57 9.13 9.31 9.91
PBDTM (%) 4.8 9.82 9.99 10.87
CPM (%) 4.75 8.15 7.91 8.66
APATM (%) 1.66 6.17 6.05 6.46
Return on Capital Ratio
ROCE (%) 6.55 24.08 30.52 31.25
RONW (%) 4.71 27.68 30.98 31.36
200503 200403 200303 200203 200103 200003

0.49 0.44 0.74 0.93 0.86 0.86
0.47 0.4 0.65 0.74 0.64 0.64
0.87 0.76 0.88 0.88 0.91 1.08

3.2 2.55 1.82 1.52 1.43 1.78
14.66 13.15 9.86 8.29 7.56 9.41
28.51 19.43 12.23 11.24 9.77 7.19
8.58 7.38 2.65 0.85 -0.02 0.6

11.51 12.38 11.16 8.14 4.27 7.24
9.28 9.86 7.74 4.05 -0.11 3.29
10.43 11.04 8.24 3.35 -1.93 1.79
8.37 7.87 6.26 3.99 -1.93 1.79
6.14 5.34 2.84 -0.1 -6.31 -2.15

32.76 33.77 18.64 6.95 -0.16 4.6
32.12 26.2 11.86 -0.29 -14.28 -4.98
Balance Sheet(2009-2000) - Tata Motors (India Format)
*All numbers are in x10MN
200903 200803
SOURCES OF FUNDS :
Share Capital 514.05 385.54
Reserves Total 11716.1 7453.96
Equity Share Warrants 0 0
Equity Application Money 0 0
Total Shareholders Funds 12230.15 7839.5
Secured Loans 5251.65 2461.99
Unsecured Loans 7913.91 3818.53
Total Debt 13165.56 6280.52

Total Liabilities 25395.71 14120.02

APPLICATION OF FUNDS :
Gross Block 13905.17 10830.83
Less : Accumulated Depreciation 6259.9 5443.52
Less:Impairment of Assets 0 0
Net Block 7645.27 5387.31
Lease Adjustment 0 0
Capital Work in Progress 6954.04 5064.96
Investments 12968.13 4910.27
Current Assets, Loans & Advances
Inventories 2229.81 2421.83
Sundry Debtors 1555.2 1130.73
Cash and Bank 1141.82 2397.31
Loans and Advances 4764.86 4410.38
Total Current Assets 9691.69 10360.25
Less : Current Liabilities and Provisions
Current Liabilities 9122.37 8643.67
Provisions 1877.26 1989.43
Total Current Liabilities 10999.63 10633.1
Net Current Assets -1307.94 -272.85
Miscellaneous Expenses not written off 2.02 6.05
Deferred Tax Assets 1144.89 397.45
Deferred Tax Liability 2010.7 1373.17
Net Deferred Tax -865.81 -975.72

Total Assets 25395.71 14120.02

Contingent Liabilities 15524.91 2953.57
200703 200603 200503 200403 200303 200203 200103 200003

385.41 382.87 361.79 353 319.83 319.82 255.9 255.9
6484.34 5154.2 3749.6 3236.77 2277.33 2145.24 2997.88 3498.22
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
6869.75 5537.07 4111.39 3589.77 2597.16 2465.06 3253.78 3754.12
2022.04 822.76 489.81 942.65 1037.32 1344.78 1813.33 1650.27
1987.1 2114.08 2005.61 317.12 420.99 960.18 1185.55 1353.99
4009.14 2936.84 2495.42 1259.77 1458.31 2304.96 2998.88 3004.26

10878.89 8473.91 6606.81 4849.54 4055.47 4770.02 6252.66 6758.38

8775.8 7971.55 6611.95 5985.4 5888.99 5769.5 5638.14 5420.44
4894.54 4401.51 3454.28 3023.69 2713.07 2431.72 2090.67 1828.18
0 0 0 0 0 0 0 0
3881.26 3570.04 3157.67 2961.71 3175.92 3337.78 3547.47 3592.26
0 0 0 0 0 0 0 0
2513.32 951.19 538.84 286.09 192.15 140.56 276.13 391.89
2477 2015.15 2912.06 3056.77 1271.8 1189.92 1387.18 1200.74

2500.95 2012.24 1601.36 1147.44 1159.29 987.51 1105.1 990.86
782.18 716.6 798.58 614.99 946.1 785.62 758.02 865.21
826.76 1119.43 2005.04 770.49 245.35 326.63 115.46 65.27
6402.16 5639.54 2681.05 1162.78 631.27 595.87 782.98 1081.83
10512.05 9487.81 7086.03 3695.7 2982.01 2695.63 2761.56 3003.17

6363.68 5726.82 5414.61 4228.13 3175.26 2528.81 2434.38 1957.21
1364.32 1215.04 1126.06 430.64 315.91 160.06 177.18 259.65
7728 6941.86 6540.67 4658.77 3491.17 2688.87 2611.56 2216.86
2784.05 2545.95 545.36 -963.07 -509.16 6.76 150 786.31
10.09 14.12 18.16 22.19 30.06 0 891.88 787.18
176.6 150.75 102.69 135.06 548 708.17 0 0
963.43 773.29 667.97 649.21 653.3 613.17 0 0
-786.83 -622.54 -565.28 -514.15 -105.3 95 0 0

10878.89 8473.91 6606.81 4849.54 4055.47 4770.02 6252.66 6758.38

2527.78 1558.65 1102.68 839.45 914.05 1434.07 1168.73 1811.47