BALANCE SHEET as at 31st March, 2019 [All amounts in € crores, unless otherwise stated) Asat ee SEE ee ASSETS Non-current assets Property, plant and equipment Capital work-in-progress Goodwill Other intangible assets Investments in subsidiaries, associates and jaint venture Financial assets Investments Loans Other financial assets Non-current tax assets (net) Deferred tax assets (net) Other non-current assets ‘Current assets Inventories Financial assets Investments Trade receivables Cash and cash equivalents Bank balances other than cash and cash equivalents mentioned above Other financial assets Other current assets Assets held for sale TOTAL ASSETS 3.907 3,716 38 373 430 36 0 400 366 254 256 6 2 2 7 396 404 8 1 6 0 ay 439 od 339 255 10 156 8 u 2422 2,389 6 2.693 2,855, 12 1873 1447 3 575 573 14 3113, 2,800 aC 329 6 OSD 560 6 é 16 17,109 Annual Report 2018-19 ITREU NUNC ee92 Standalone BALANCE SHEET (CONTD.) as at 31st March, 2019 {All amounts in crores, unless otherwise stated) Ces ce on ‘31stMarch, 2019 | 31st March, 20 EQUITY AND LIABILITIES Equity Equity share capital 7 216 216 Other equity 18A 7.463 6,859 Liabilities Non-current liabilities Financial liabilities Other financial liabilities 9 173 115 Provisions 20 1,049 m2 Non-current tax liabilities (netl 20 bb 384 (Other non-current (abilities 2 187 167 Current liabilities Financial liabilities Trade payables total outstanding dues of micro enterprises and small 2 - - enterprises (otal oustanding dues of creditors other than micro 2 7,070 7.013 enterprises and small enterprises ther financial liabilities 2 26 208 Other current liabilities a 506 169 Provisions: 20 501 651 TOTAL EQUITY AND LIABILITIES 17,865 1719 Basis of preparation, measurement and significant accounting polices 2. Contingent liabilities and commitments 2 The accompanying notes are an integral part of these financial statements [As per our report of even date attached For and on behalf of Board of Directors ForBSR&Co. LLP Sanjiv Mehta Srinivas Phatak Firm's Registration No. 101248W/W - 100022 Chairman and Managing Director Executive Director Chartered Accountants (DIN: 06699923] (Finance & IT] and CFO (DIN: 02743340) Akeet Master Aditya Narayan Dev Bajpai Partner Chairman - Audit Committee Executive Director Membership No, 046768 [DIN: 00012084) Legal and Company Secretary Membership No. FCS 3354 [DIN : 00050516) Suman Hegde Group Controller Mumbai: Sri May, 2019 Mumbai: 3rd May, 2019 EMEMMEMOEA ETN Annual Report 2018-19STATEMENT OF PROFIT AND LOSS for the year ended 31st March, 2019 (Allamounts in & crores, unless otherwise stated) Y er BtstMarch, 2019 | 31st March, 2018, INCOME Revenue from operations 25 38,226 35,218 Other income 2% 666 569 TOTAL INCOME 38,888 35,787 EXPENSES: CCost of materials consumed 2 13,240 12491 Purchases of stock-in-trade Ey 4,708 3.812 ‘Changes in inventories of finished goods including 2 2 mi stock-in-trade] and work-in-progress Excise duty 30 : 693 Employee benefits expenses 31 4767 45 Finance costs 2 28 20 Depreciation and amortisation expenses 38 524 “18 Other expenses 34 9,880 TOTAL EXPENSES 30,139 Profit before exceptional items and tax 3749 Exceptional items (net) 35 (227) (62) Profit before tax 8,522 7,285 Tax expenses Current tax on (2568) (2,148) Deferred tax crediv/lchargel A 7 100 PROFIT FOR THE YEAR (A) ‘OTHER COMPREHENSIVE INCOME tems that will not be reclassified subsequently to profit or loss, 6,036 5237 Annual Report 2018-19 ITREU NUNC ee96 Standalone STATEMENT OF PROFIT AND LOSS (CONTD.) for the year ended 31st March, 2019 lars Year en Sea (Allamounts in & crores, unless otherwise stated) Year e See Romeasurements of the net defined benefit plans (14) Income tax relating to items that will not he reclassified subsequently to profit or loss Remeasurements of the nel defined benefit plans in 3 5 ems that will be reclassified subsequently to profit or loss. Fair value of debtinstruments through other comprehensive 180 2 ) Income tax relating to items that will be reclassi subsequently to profit or loss Fair value of debt instruments through other comprehensive 9A. a 1 OTHER COMPREHENSIVE INCOME FOR THE YEAR (8) a) ta TOTAL COMPREHENSIVE INCOME FOR THE YEAR (A+B) 6,033 5,225 Earnings per equity share Basic (Face value of 1 each) 36 2789 24.20 Diluted [Face value of € 1 each! % T2419 Basis of preparation, measurement and significant accounting policies 2 The accompanying notes are an integral part of these financial statements [As per our report of even date attached For and on behalf of Board of Directors ForBSR&Co. LLP Sanjiv Mehta Srinivas Phatak Firm's Registration No, 101248W/W - 100022 Chairman and Managing Director Executive Director Chartered Accountants (DIN: 04899923] (Finance & IT] and CFO (DIN: 02743340] Akeel Master ‘Aditya Narayan Dev Bajpai Partner Chairman - Audit Committee Executive Director Membership No. 046768 (DIN: 00012084) Legal and Company Secretary Membership No. FCS 3354 [DIN : 00050516) Suman Hegde Group Controller, Mumbai: 3rd May, 2019 Mumbat: 3rd May, 2019 EMEMMEMOEA ETN Annual Report 2018-19STATEMENT OF CHANGES IN EQUITY for the year ended 31st March, 2019 {All amounts in crores, unless otherwise stated] ‘A. EQUITY SHARE CAPITAL ‘As at 31st March, 2017 7 216 ‘Changes in equity share capital during the year ° ‘As at 31st March, 2018 7 216 ‘Changes in equity share capital during the year ° ‘As at 31st March, 2019, 7 216 B._OTHER EQUITY ors res esta} Mach 2077 ‘ Aes Wa on aa Tot coors ier he ya Sa ear co sas Deardar eu sare terheyr WaT Deer a Sirsa intone at z z ic 8 Taney eons = eee aca ee uy sts dared mint 7 oo destaianareh 2008 < oer oars ro a ‘Gner aenienaneiotee = z a rei Tot conevenssint rth ya = oye = ose a +i, Drang saree yr WaT sur al Sinsation tat on on Sereeperreenr rere @ al Reler note 183 for nature and purpose of reserves bl The Sharsholders ofthe Company hag, at the Court Convened Meeting helt on 20» June, 2014, approved the Scheme of Arrangement for transfer of the balance of € 2,187 crores standing to the credit of the General Reserves to the Profit and Loss Account. The Company had accordingly fled 2 petition for sanction of the Seheme of Arrangement withthe Hen Se High Curt of Mumeal [jurisdiction later changed to National Company Law Tribunal INCLTI| The Hon ble NCLT, Mumbai Bench, via i's order dated 30: August, 2078, has sanctioned the loresala Scheme of Arrangement. The Company has received the said Order on 27th September, 2018 an filed the Order ana the Scheme ‘with Registrar of Companies ROC) en Sth October, 2018 and has subsequently reclassified the amount standing othe credit ofthe General Reserves tothe Retained Earnings The accompanying notes are an integral part of these financial statements As per our report of even date attached For and on behalf of Board of Directors For BSR&Co. LLP Sanjv Mehta Srinivas Phatak Firm's Registration No. 101248W/W- 100022 Chairman and Managing Director Executive Director Chartered Accountants (DIN: 06699923) (Finance & 17] and CFO (DIN, 02743340) Akeot Master ‘Aditya Narayan Dev Bajpai Partner Chairman - Audit Committee Executive Dector Membership No, 046768 (DIN: 00012084} Legal and Company Secretary Syneucale Membership No. FCS 3354 Group Controller stash: Mumbai: 3rd May, 2019 Mumbai: 3rd May, 2019 Annual Report 2018-19 ITREU NUNC ee96 Standalone STATEMENT OF CASH FLOWS for the year ended 31st March, 2019 (All amounts in crores, unless otherwise stated) ery erry ‘31st March 2019 | 31st March 201 ‘A__ CASH FLOW FROM OPERATING ACTIVITIE: Profit before tax 3522 7285 ‘Adjustments for: Depreciation and amortisation expenses 526 a8 [Profil /toss on sale of property plant and equipment 38 26 Government grant accrued [net] (66) hia Contingent Consideration true up for business combination 57 mn Finance Income (23) (266) Dividend income (103) {190} Fair value [gaini/loss on investments (164) 173) Profit on disposal of suralus properties : (101 Profit on disposal of joint venture : (es) Interest expense 28 20 Provision for expenses on employee stock options 10 1 Inventory written off net of Provision/write back for Inventory 132 165 Bad debte/assets writen off net of Provision/iwrite back) 5 5 Mark-to-market [gainl/loss on derivative financial instruments, % @ Cash Generated from operations before working capital changes 8,674 7237 Adjustments for: Uncreasel/decrease in Non-Current assets (6) (es) lIncreasel/decrease in Current Assets 31 (562) Unereasel/decrease in Inventories (195) eal Increase/{decreasel in Non-Current Liabilities 21h 218 Tncrease/decrease) in Current Liabilities (307) ear Cash generated from operations 8413) 8,101 Taxes paid nal of refunds) (2,688) 12,188) Net cash (used in} / generated from operating activities - [Al 5,728 5,913 B__ CASH FLOW FROM INVESTING ACTIVITIES, Purchase of property, plant and equipment (662) (e271 Sale proceeds of property, plant and equipment 4 16 Purchase of Intangible assets (6) @ Contingent Consideration paid on business combination 03) S Sale proceeds of non-current investments é 4 Purchase af current investments (70,434) (67,7551 Sale proceeds of current investments 70,761 48.530 Loans given to subsidiaries (248) 183) ERENCE Anowat Report 2018-19STATEMENT OF CASH FLOWS (CONTD.) for the year ended 31st March, 2019 {All amounts in crores, unless otherwise stated) er erry ‘31st March 2019 | 31st March 201 Loans repaid by subsidiaries 184 Investment in term deposits (having original maturity of more than 3 months) ei (2,811) Redemption/maturity of term deposits [having original maturity of mare than 3 3,997 1,138 months] Investment in non-current deposits with banks : (o) Interest received 308 29 Dividend received from subsidiaries 102 188. Dividend received from others 1 2 Consideration received on disposal of surplus properties : 10 Consideration received on disposal of joint venture : B Net cash (used in] / generated from investing activities [B] (264) (261) © CASH FLOW FROM FINANCING ACTIVITIES: Dividends paid (4,546) (3,896), Dividend distribution tax paid (913) 1755) Interest paid (3) (0) Proceeds from share allotment under employee stock options/ performance 0 0 share schemes Net cash (used in} / generated financing activities - [C] 15,462) (4,651) Net increase/Idecrease) in cash and cash equivalents - [A+B+C] 2 1 ‘Add: Cash and cash equivalents at the beginning of the year 573. 572 Cash and cash equivalents at the end of the year 575 573, Note : The above Statement of Cash Flows has been prepared under the ‘Indirect Methad’ as set out in Ind AS 7, “Statement of ash Flows: The accompanying notes are an integral part of these financial statements [As per our report of even date attached For and on behalf ef Board of Directors ForBSR&Co.LLP Sanjiv Mehta Srinivas Phatak Firm's Registration No. 101248W/W - 100022 Chairman and Managing Director Executive Director Chartered Accountants (DIN: 06699923) (Finance & IT] and CFO (DIN: 02743340) Akool Master ‘Aditya Narayan Dev Bajpai Partner Chairman - Audit Committee Executive Director Membership No. 046768 [DIN: 00012084) Legal and Company Secretary Membership No. FCS 3354 [DIN : 00050516) Suman Hegde Group Controller Mumbai: 3rd May, 2019 Mumbai: 3rd May, 2019 Annual Report 2018-19 ITREU NUNC ee