Common

TCS Consolidated Balance Sheet as per IFRS - INR Ratio

Mn FY11 (FY11) FY12 FY13
Period Ending 31-Mar-11 31-Mar-12 FY13

ASSETS

Current Assets
Cash and Cash Equivalents 15,538 4.762 19,936 4.855 18,432
Bank Deposits 31,812 9.749 38,304 9.328 49,732
Trade Receivables 81,949 25.114 115,023 28.012 140,956
Investments 6,896 2.113 8,037 1.957 10,871
Other Current Financial Assets 7,313 2.241 15,541 3.785 48,895
Unbilled Receivables (PY: Unbilled Revenue) 13,489 4.134 22,478 5.474 31,410
Current Income Tax assets 2,264 0.694 - 49
Other Current Assets 11,394 3.492 10,049 2.447 14,677
Total Current Assets 170,655 52.299 229,368 55.859 315,022

Non Current assets

Bank Deposits 27,016 8.279 27,653 6.734 24,234
Other Non Current Financial Assets 5,733 1.757 8,681 2.114 6,374
Non Current Income Tax Assets 8,991 2.755 14,837 3.613 19,345
Deferred Income Tax Assets 11,803 3.617 17,645 4.297 21,422
Property, Plant and Equipment, net 51,996 15.934 64,548 15.720 81,944
Right-of-use assets 0.000
Goodwill, net 32,206 9.870 33,238 8.094 33,636
Other Intangible Assets, net 1,905 0.584 1,736 0.423 1,427
Investments 11,495 3.523 6,746 1.643 9,531
Trade Receivables
Unbilled Receivables (PY: Unbilled Revenue)
Other Non-Current Assets 4,511 1.382 6,171 1.503 6,610
Total Non-Current Assets 155,654 47.701 181,254 44.141 204,523

Total Assets 326,309 100.000 410,623 100.000 519,545

LIABILITIES AND SHAREHOLDER'S EQUITY

Liabilities
Current Liabilities
Trade and Other Payables 25,818 7.912 30,941 7.535 42,706
Short-term Borrowings 368 0.113 112 0.027 1,013
Mandatorily Redeemable Preference shares with Tata
Sons Ltd 1,000 0.306 1,000 0.244 1,000
Lease liabilities
Other Current Financial Liabilities 8,281 2.538 8,758 2.133 11,027
Unearned and Deferred Revenue 7,720 2.366 8,230 2.004 9,663
Employee Benefit Obligations 5,273 1.616 6,415 1.562 8,042
Other provisions
Current Income Tax Liabilities 3,983 1.221 4,053 0.987 4,073
Accrued Expenses and Other Current Liabilities 5,537 1.697 7,346 1.789 10,205
Total Current Liabilities 57,980 17.768 66,854 16.281 87,729

Non Current Liabilities

Long-Term Debt / Borrowings 380 0.117 1,154 0.281 1,310
Lease liabilities
Other Non Current Financial Liabilities 2,383 0.730 3,443 0.838 3,459
Unearned and deferred revenue
Employee Benefit Obligation 1,392 0.427 2,177 0.530 3,489
Other provisions
Deferred Income Tax Liabilities 5,650 1.731 4,331 1.055 4,880
Other Non-Current Liabilities 1,112 0.341 1,942 0.473 2,636
Total Non Current Liabilities 10,918 3.346 13,046 3.177 15,774

Total Liabilities 68,898 21.114 79,900 19.458 103,503

Shareholders' Equity
Share Capital 1,957 0.600 1,957 0.477 1,957
Share premium 19,199 5.884 19,199 4.676 19,199
Other reserves 1,413 0.433 5,358 1.305 9,086
Retained Earnings 231,696 71.005 298,933 72.800 379,239
Total Shareholders' Equity 254,265 77.922 325,447 79.257 409,481

Non Controlling Interests 3,147 0.964 5,275 1.285 6,561

Total Liabilities and Shareholders' Equity 326,309 100.000 410,623 100.000 519,545
 FY14 FY15 FY16 FY17
31-Mar-14 FY15 31-Mar-16 31-Mar-17

3.548 14,688 2.131 18,622 2.480 62,950 6.902 35,970 3.414

9.572 129,754 18.829 163,829 21.819 530 0.058 4,300 0.408
27.131 182,304 26.454 204,399 27.222 240,730 26.392 226,170 21.468
2.092 11,631 1.688 15,009 1.999 224,790 24.645 416,360 39.520
9.411 34,273 4.973 27,142 3.615 40,990 4.494 45,050 4.276
6.046 40,056 5.813 38,271 5.097 39,920 4.377 52,080 4.943
0.009 338 0.049 749 0.100 320 0.035 260 0.025
2.825 16,568 2.404 20,990 2.795 21,900 2.401 22,970 2.180
60.634 429,613 62.342 489,011 65.126 632,130 69.303 803,160 76.235

4.664 14,773 2.144 5,001 0.666 4,150 0.455 - 0.000

1.227 17,475 2.536 23,156 3.084 33,820 3.708 8,340 0.792
3.723 30,688 4.453 40,930 5.451 44,640 4.894 47,890 4.546
4.123 23,060 3.346 26,150 3.483 28,820 3.160 28,050 2.662
15.772 103,644 15.040 115,716 15.411 117,900 12.926 117,410 11.144
0.000 0.000 0.000 0.000 0.000
6.474 39,797 5.775 37,115 4.943 38,120 4.179 37,210 3.532
0.275 1,772 0.257 2,193 0.292 1,340 0.147 470 0.045
1.834 22,986 3.335 2,534 0.337 3,430 0.376 3,440 0.327
670 0.064
1,430 0.136
1.272 5,320 0.772 9,064 1.207 7,770 0.852 5,460 0.518
39.366 259,512 37.658 261,859 34.874 279,990 30.697 250,370 23.765

100.000 689,125 100.000 750,868 100.000 912,120 100.000 1,053,530 100.000

8.220 55,365 8.034 88,318 11.762 75,410 8.268 49,050 4.656

0.195 1,696 0.246 2,434 0.324 1,620 0.178 2,180 0.207

0.192 - - - -

2.122 12,663 1.838 11,878 1.582 23,150 2.538 29,060 2.758

 1.860 10,507 1.525 10,623 1.415 13,590 1.490 13,980 1.327
1.548 10,469 1.519 13,561 1.806 16,350 1.793 18,620 1.767
376 0.055 1,030 0.137 1,150 0.126 660 0.063
0.784 6,702 0.973 5,456 0.727 8,050 0.883 14,120 1.340
1.964 12,973 1.883 13,415 1.787 16,370 1.795 17,450 1.656
16.886 110,752 16.071 146,716 19.540 155,690 17.069 145,120 13.775

0.252 1,273 0.185 1,143 0.152 830 0.091 710 0.067

0.666 4,380 0.636 6,618 0.881 4,930 0.540 4,540 0.431

0.672 2,749 0.399 2,034 0.271 2,370 0.260 2,450 0.233

1,107 0.161 945 0.126 400 0.044 390 0.037
0.939 5,556 0.806 5,473 0.729 8,050 0.883 9,190 0.872
0.507 3,052 0.443 4,037 0.538 4,420 0.485 4,320 0.410
3.036 18,117 2.629 20,250 2.697 21,000 2.302 21,600 2.050

19.922 128,869 18.700 166,966 22.236 176,690 19.371 166,720 15.825

0.377 1,959 0.284 1,959 0.261 1,970 0.216 1,970 0.187

3.695 19,203 2.787 19,203 2.557 50,820 5.572 50,820 4.824
1.749 14,759 2.142 10,824 1.442 14,140 1.550 15,490 1.470
72.994 517,434 75.086 542,782 72.287 664,960 72.903 814,870 77.347
78.815 553,355 80.298 574,767 76.547 731,890 80.241 883,150 83.828

1.263 6,902 1.002 9,136 1.217 3,540 0.388 3,660 0.347

100.000 689,125 100.000 750,868 100.000 912,120 100.000 1,053,530 100.000

 FY18 FY19 FY20
31-Mar-18 31-Mar-19 31-Mar-20

48,830 4.504 72,240 6.172 86,460

20,560 1.897 54,280 4.637 8,050
249,430 23.008 273,460 23.362 305,320
357,070 32.937 290,910 24.853 261,400
43,020 3.968 99,940 8.538 101,630
66,860 6.167 51,570 4.406 57,320
370 0.034 18,530 1.583 80
26,100 2.408 60,380 5.158 82,110
812,240 74.924 921,310 78.709 902,370

- 0.000 - 0.000 3,480

26,670 2.460 7,980 0.682 8,650
41,310 3.811 40,170 3.432 24,620
34,230 3.157 26,320 2.249 28,020
116,000 10.700 116,500 9.953 119,380
0.000 0.000 79,940
38,840 3.583 38,340 3.275 38,500
120 0.011 1,790 0.153 2,830
3,010 0.278 2,390 0.204 2,160
940 0.087 950 0.081 740
2,270 0.209 3,910 0.334 3,240
8,460 0.780 10,870 0.929 16,200
271,850 25.076 249,220 21.291 327,760

1,084,090 100.000 1,170,530 100.000 1,230,130

50,940 4.699 62,920 5.375 67,400

1,930 0.178 180 0.015 -

12,680
39,010 3.598 48,850 4.173 61,000
 20,320 1.874 23,920 2.044 29,150
20,180 1.861 23,560 2.013 27,490
2,400 0.221 2,390 0.204 2,930
14,210 1.311 26,670 2.278 37,120
29,290 2.702 32,350 2.764 32,830
178,280 16.445 220,840 18.867 270,600

540 0.050 440 0.038

69,060
5,030 0.464 2,870 0.245 2,910
5,030 0.464 8,440 0.721 6,970
2,900 0.268 3,300 0.282 4,170
260 0.024 - 0.000
11,700 1.079 10,420 0.890 7,790
3,920 0.362 4,130 0.353 -
29,380 2.710 29,600 2.529 90,900

207,660 19.155 250,440 21.395 361,500

1,910 0.176 3,750 0.320 3,750

- - -
27,960 2.579 25,660 2.192 39,330
842,540 77.719 886,150 75.705 819,320
872,410 80.474 915,560 78.218 862,400

4,020 0.371 4,530 0.387 6,230

1,084,090 100.000 1,170,530 100.000 1,230,130

Common Size Income Statement - Last 10 years.

TCS Consolidated Income

Statement as per IFRS - INR Mn FY11 Common Size FY12 Common Size
Revenue
Information Technology and
Consultancy Services 360,464 96.58 473,605 96.86
Sale of Equipment and Software Lic 12,782 3.424 15,333 3.14
Total Revenue 373,245 100.000 488,938 100.00

Cost of Revenues
Cost of Services
Employee Cost 145,234 38.911 187,710 38.39
Fees to External Consultants 14,133 3.787 21,912 4.48
Cost of Equipment and Software 10,338 2.770 13,403 2.74
Depreciation 4,909 1.315 5,807 1.19
Travel 5,762 1.544 6,916 1.41
Communication 4,108 1.101 4,666 0.95
Facility Expenses 9,510 2.548 11,673 2.39
Other Costs 10,286 2.756 12,475 2.55
Total Cost of Revenues 204,280 54.731 264,561 54.11

Gross Profit 168,965 45.269 224,377 45.89

Operating Expenses
Selling, General and Administrative Expenses
Employee Cost 43,264 11.591 59,454 12.16
Fees to External Consultants 1,841 0.493 2,529 0.52
Provision for Doubtful Debts -724 -0.194 259 0.05
Depreciation 2,276 0.610 3,229 0.66
Facility Expenses 6,002 1.608 7,597 1.55
Travel 3,419 0.916 5,024 1.03
Communication 1,420 0.380 1,835 0.38
Other Costs 6,671 1.787 9,283 1.90
Total Operating Expenses 64,166 17.191 89,209 18.25
0.000 0.00
Operating Income 104,799 28.078 135,168 27.65

Total Other Income/(Expense) 5,333 1.429 4,378 0.90

Income Before Income Taxes 110,132 29.506 139,546 28.54

Total Taxes 21,639 5.797 31,585 6.46

Net Profit After Taxes 88,493 23.709 107,961 22.08

Adjustments for Minority Interests
Non Controlling Interest (1,190) -0.319 (1,111) -0.23

Net Income Before Extraordinary Ite 87,303 23.390 106,850 21.85

Net Income After Extraordinary Item 87,303 23.390 106,850 21.85

Basic and Diluted EPS (after

adjusting for bonus shares) 44.60 54.59

Dividend Per share (INR) 14 25

Weighted average no of shares used

in computing Basic and Diluted EPS 1,957,220,996 1,957,220,996

Back
FY13 Common Size FY14 Common Size FY15 Common Size

612,230 97.20 801,398 97.96 927,017 97.94

17,665 2.80 16,695 2.04 19,467 2.06
629,895 100.00 818,094 100.00 946,484 100.00

238,361 37.84 303,182 37.06 362,844 38.34

34,720 5.51 49,970 6.11 61,165 6.46
15,267 2.42 14,701 1.80 18,601 1.97
6,688 1.06 8,581 1.05 12,719 1.34
8,868 1.41 10,642 1.30 14,567 1.54
5,340 0.85 5,925 0.72 7,515 0.79
13,431 2.13 16,518 2.02 21,662 2.29
16,514 2.62 21,126 2.58 26,210 2.77
339,188 53.85 430,644 52.64 525,283 55.50

290,707 46.15 387,449 47.36 421,201 44.50

80,353 12.76 101,909 12.46 118,164 12.48

3,161 0.50 3,827 0.47 5,280 0.56
559 0.09 953 0.12 1,605 0.17
4,104 0.65 4,662 0.57 5,980 0.63
9,795 1.56 11,235 1.37 10,175 1.08
7,351 1.17 9,771 1.19 9,452 1.00
2,329 0.37 2,815 0.34 3,045 0.32
12,976 2.06 14,199 1.74 13,256 1.40
120,627 19.15 149,369 18.26 166,957 17.64
0.00 0.00 0.00
170,080 27.00 238,080 29.10 254,244 26.86

10,819 1.72 15,891 1.94 31,397 3.32

180,899 28.72 253,970 31.04 285,641 30.18

40,346 6.41 60,713 7.42 66,566 7.03

140,553 22.31 193,258 23.62 219,075 23.15

 (1,493) -0.24 (2,090) -0.26 (2,114) -0.22

139,060 22.08 191,168 23.37 216,961 22.92

139,060 22.08 191,168 23.37 216,961 22.92

71.05 97.63 110.77

22 32 79

1,957,220,996 1,958,100,069 1,958,727,979

FY16 Common Size FY17 Common Size FY18 Common Size

1,086,462 100.00 1,179,660 100.00 1,231,040 100.00

0.00 0.00 0.00
1,086,462 100.00 1,179,660 100.00 1,231,040 100.00

418,829 38.55 462,020 39.17 503,500 40.90

78,228 7.20 83,450 7.07 84,310 6.85
25,711 2.37 28,080 2.38 27,000 2.19
13,507 1.24 14,570 1.24 15,730 1.28
15,999 1.47 17,990 1.53 18,760 1.52
8,173 0.75 7,750 0.66 7,910 0.64
21,658 1.99 23,010 1.95 26,460 2.15
26,892 2.48 32,000 2.71 29,210 2.37
608,997 56.05 668,870 56.70 712,880 57.91

477,465 43.95 510,790 43.30 518,160 42.09

134,666 12.39 154,200 13.07 160,460 13.03

5,899 0.54 5,090 0.43 5,590 0.45
1,347 0.12 1,260 0.11 2,080 0.17
5,373 0.49 5,300 0.45 4,410 0.36
12,404 1.14 13,850 1.17 12,910 1.05
10,630 0.98 9,880 0.84 9,410 0.76
2,900 0.27 2,910 0.25 2,690 0.22
16,346 1.50 15,060 1.28 15,590 1.27
189,565 17.45 207,550 17.59 213,140 17.31
0.00 0.00 0.00
287,901 26.50 303,240 25.71 305,020 24.78

30,502 2.81 41,890 3.55 35,900 2.92

318,403 29.31 345,130 29.26 340,920 27.69

75,026 6.91 81,560 6.91 82,120 6.67

243,376 22.40 263,570 22.34 258,800 21.02

 (1,227) -0.11 (680) -0.06 (540) -0.04

242,149 22.29 262,890 22.29 258,260 20.98

242,149 22.29 262,890 22.29 258,260 20.98

123.17 133.41 134.19

44 47 50

1,966,040,455 1,970,427,941 1,924,592,806

FY19 Common Size FY20

1,464,630 100.00 1,569,490

0.00
1,464,630 100.00 1,569,490

605,530 41.34 656,520

106,860 7.30 125,000
22,700 1.55 19,050
16,490 1.13 26,870
23,340 1.59 22,910
9,840 0.67 12,320
29,840 2.04 17,980
36,980 2.52 42,570
851,580 58.14 923,220

613,050 41.86 646,270

176,920 12.08 203,000

6,440 0.44 4,370
1,870 0.13 1,440
4,060 0.28 8,430
12,780 0.87 9,060
11,400 0.78 10,040
3,380 0.23 3,600
21,700 1.48 20,530
238,550 16.29 260,470
0.00
374,500 25.57 385,800

41,130 2.81 36,680

415,630 28.38 422,480

100,010 6.83 98,010

315,620 21.55 324,470

 (900) -0.06 (1,070)

314,720 21.49 323,400

314,720 21.49 323,400

83.05 86.19

30 73

3,789,749,350 3,752,384,706