Introduction

Contentsofannualreport

thefollowingarethecontentsoftheannualreportofJLRgroup

Strategicreport

Which contain,

 Performance highlights
 Chairmansstatement
 Chiefexecutivesstatement
 Celebarting10yarsoftataownership

Globalgrouthandfinancialperformance

It include,

 Driving global growth

 Global sales
 Financial review
 Chief Financial Officer’s statement

Transformingtodayforntommorow

It contain,

 Their brands
 Globaloperationalfootprint
 Jaguarlandroverspecialoperation

Resilientbusuness

It includes,

 theirapproachtorisk
 theirriskprinciple
Governance

It includes,

 Introduction to governance
 Leadership
 Effectiveness
 Accountability
 Investor relations engagement
 Directors’ report

Deliveringforrhefuture

It contain,

 Safer, smarter, cleaner technology

 Why we put customers first
 Leading in Environmental Innovation
 Engaged and passionate people

Finsncialstatement

It contains,

 Independent Auditor’s report to the members

 of Jaguar Land Rover Automotive Plc.
 Consolidated financial statements
 Consolidated income statement
 Consolidated statement of comprehensive
 income/(expense)
 Consolidated balance sheet
 Consolidated statement of changes in equity
 Consolidated cash flow statement
 Notes to the consolidated financial statements
 Parent company financial statements
 Parent company balance sheet
 Parent company statement of changes in equity
 Parent company cash flow statement
 Notes to the parent company financial statements
Valueofourbeyondboundaries

Itincludes,

 Driving to Destination Zero

 Innovation in electrification comes from within
 Redressing the balance
 Jaguar Land Rover: a global community partner
 Technology for good
 Land Rover and Red Cross: a partnership
 built on trust
 Better representation of women in engineering

1 B A C K G R O U N D A N D O P E R AT I O N S

Jaguar Land Rover Automotive plc. (‘the Company’) and its subsidiaries are collectively referred to as
‘the Group’ or

‘JLR’. The Company is a public limited company incorporated and domiciled in the United Kingdom. The
address of

its registered office is Abbey Road, Whitley, Coventry, CV3 4LF, England, United Kingdom.

The Company is a subsidiary of Tata Motors Limited, India and acts as an intermediate holding company
for the Jaguar

Land Rover business. The principal activity during the year was the design, development, manufacture
and marketing

of high-performance luxury saloons, specialist sports cars and four-wheel-drive off-road vehicles.

These consolidated financial statements have been prepared in Pound Sterling (GBP) and rounded to the
nearest million
GBP (£ million) unless otherwise stated. Results for the year ended and as at 31 March 2016 have been
disclosed solely

for the information of the users.

Notestothefinancialstatement

Notes to the financial statement present all such information which cannot be presented on the face
of income statement, balance sheet, statement of cash flows and statement of changes in equity.
Typical notes to the financial statement are:

An introduction of the business outlining its legal status, its country of incorporation and the name of
its parents if any and a statement about the company's areas of business and its operations.
A summary of accounting policies related to revenue recognition, inventories, property, plant and equipment,
financial instruments, adscription of major events that occurred after the balance sheet date etc.
backgroundandopertion

Jaguar Land Rover Automotive plc (‘the Company’) and its subsidiaries are collectively referred to as ‘the
Group’ or ‘JLR’.

The Company is a public limited company incorporated and domiciled in the United Kingdom. The address of

its registered office is Abbey Road, Whitley, Coventry, CV3 4LF, England, United Kingdom.

The Company is a subsidiary of Tata Motors Limited, India and acts as an intermediate holding company for
the Jaguar

The principal activity of JLR is to design, development, manufacture and sale of vehicles bearing
the Jaguar and Landover vehicles.

thebusinessreaofthegroupisdiverseandtheyselltheirproductsworldwide

Statement of compliance
These consolidated and parent company financial statements have been prepared in accordance with
International

Financial Reporting Standards (IFRS) and IFRS Interpretation Committee (IFRS IC) interpretations.

B A S I S O F P R E P A R AT I O N
The consolidated financial statements have been prepared on a historical cost basis except for certain
financial

instruments which are measured at fair value. Historical cost is generally based on the fair value of the
consideration

given in exchange for the assets. The principal accounting policies adopted are set out below.

Going concern
The directors have considered the financial position of the Group at 31 March 2018and the projected
cash flows and financial performance of the Group for at least 12 months from the date of approval of
these financial statements as well as planned cost and cash improvement actions, and believe that the
plan for sustained profitability remains on course.

Therefore, the directors consider, after making appropriate enquiries and taking into consideration the
risks and uncertainties facing the Group, that the Group has adequate resources to continue in
operation as a going concern for the foreseeable future and is able to meet its financial covenants linked
to the borrowings in place.

B A S I S O F C O N S O L I D AT I O N

Subsidiaries

The consolidated financial statements include Jaguar Land Rover Automotive plc.

Intercompany transactions and balances including unrealized profits are eliminated in full on
consolidation.

Joint ventures and associates .

Joint ventures and associates are accounted for using the equity method and are recognized initially at
cost.

Use of estimate and judgment

The preparation of financial statements in conformity with IFRS requires the use of judgments,
estimates and assumptions that affects the reported amounts of assets and liabilities at the date of the
financial statements and the reported amounts of revenues and expenses during the reporting period. R
Revenue recognition

theroupsrevenue is recognized when the risks and rewards of ownership have been transferred to the
customer and the amount of revenue can be reliably measured with it being probable that future
economic benefits will flow to the Group. The transfer of the significant risks and rewards are defined in
the underlying agreements with the customer.thegroupalsohasapolicytaht, If a sale includes an
agreement for subsequent servicing or maintenance, the fair value of that service is deferred and

recognised as income over the relevant service period in proportion with the expected cost pattern of
the agreement.

Cost recognition

Costs and expenses are recognized when incurred and are classified according to their
natureandexpenditures are capitalized where appropriate.

Government grants

Government grants are recognized when there is reasonable assurance that the Group will comply with
the relevant conditions and the grant will be received.

Government grants are recognized in the consolidated income statement, either on a systematic basis
when the Group recognises, as expenses, the related costs that the grants are intended to compensate
or, immediately if the costs already been incurred.

Provisions
A provision is recognized if, as a result of a past event, the Group has a present legal or constructive
obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be
required to settle the obligation.

Provisions are held for product warranty, legal and product liabilities, residual risks and environmental
risks as detailed in not to the consolidated financial statements.

Acountingpoliciesragarding,

1. fixedassest-tangibleassests,andintangibleassets

Acquired intangible assets

Intangible assets purchased, including those acquired in business combinations, are measured at
acquisition cost, which is the fair value on the date of acquisition, where applicable, less
accumulated amortization and accumulated impairment. The amortization for intangible assets with
finite useful lives is reviewed at least at each year end. Changes in expected useful lives are treated
as changes in accounting estimates.
Internally generated intangible assets

Research costs are charged to the consolidated income statement in the year in which they are incurred.

Product engineering costs incurred on new vehicle platforms, engines, transmission and new products
are recognized as intangible assets – when feasibility has been established, the Group has committed
technical, financial and other resources to complete the development and it is probable that the asset
will generate future economic benefits.

Product engineering cost is amortized over the life of the related product being a period of between two
and ten years.

Capitalized development expenditure is measured at cost less accumulated amortization and

accumulated impairment loss, if any.

Amortization is not recorded on product engineering in progress until development is complete.

2.depreciationandimpairment