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As at 31-3-2019 As at 31-3-2018
Note crore crore 'crore ¿crore
ASSETS:
Non-current assets
Property,. plant and equipment 2 6571.93 6272.46
Capital work-in-progress 2 580.92 452.10
Investment property 381.26 474.98
Intangible assets 4 228.52 193.09
Intangible assets under development 171.69 200.77
Einancial assets
Irvestments 20139.47 22994.26
Loans 1732.65 1684.13
Other financial assets 577.00 438.54
22449.12 25116.93
Deferred tax assets (net) 49(e) 841.86 400.62
Other non-current assets 8 3347.25 3093.34
Current assets
Inventories 3220.44 2500.05
Financials assets
Investments 10 4694.98 4344.9
Trade receivables 11 28216.82 22917.45
Cash and cash equivalents 12 2733.41 3183.75
Other bank balances 13 4866.08 1134.31
Loans 14 1293.86 992.33
Other financial assets 15 1995.18 3441.59
43800.33 36014.4 1
Other current assets 16 44090.65 40499.93
Group(s) of assets classified as held for sale 42 41.72 388.00
TOTAL ASSETS 125725.69 115606.68
Balance Sheet as at March 31, 2019 (contd.)
As at 31-3-2019 As at 31-3-20 18
Note crore crore crore crore
EQUITY AND LIABILITIES:
Equity
Equity share capital 17 280.55 280.27
other equity 18 52270.17 48893.98
Total equity 52550.72 49174.25
Liabilities
Non- current liabilities
Financial liabilities
Borrowings 19 2391.87 5495.16
Other financial liabilities 20 53.75 108.64
2445.62 5603.80
Provisions 21 497.62 472.87
Other non-current liabilities 22 0.58 1.27
Current liabilities
Financial liabilities
Borrowings 23 3668.25 4129.57
Current maturities of long term borrowings 24 4131.45 936.27
Trade payables:
Due to micro enterprises and small enterprises 201.86 137.71
Due to others 25 36076.36 30957.29
Other financial liabilities 26 1857.85 1878.00
45935.77 38038.84
Other current liabilities 27 22550.64 20845.46
Provisions 28 1423.83 1102.22
Current tax liabilities(net) 320.91 367.97
CONTINGENT LIABILITIES 29
COMMITMENTS (capital and others) 30
NOTES FORMING PART OF THE FINANCIAL STATEMENTS 1to 64
EXPENSES:
Manufacturing ,construction and operating expenses 33
Cost of raw materials components consumed 7832.79 7942.99
Excise duty 149.10
Construction materials consumed 29099.38 22236.60
Purchase of stock-in-trade 1786,14 1531.22
Stores,spares and tools consumed 2341.99 1808.79
Sub-contracting charges 22021.74 19620.99
Changes in inventories of finished goods, stock-in-trade
and work-in-progress (1296.12) (1047.4 1)
Other manufacturing, construction and operating expenses 8117.47 6378.22
69903.39 58620.50
Employee benefits expense 34 6082.49 5614.74
Sales, administration and other expenses 2319.78 2680.73
Finance costs 1641.39 1432.23
Depreciation, amortisation, impairment and obsolescence 1067.95 1049.46
81015.00 69397.66
Less: Overheads capitalised 1.54 5.19
2540.47 1875.08
(58.68) (42.12)
Cast of hedqing reserve 25.39 0.59
Income tax (expenses)Mincome on cost of hedging reserve 8.87) (0.14)
16.52 0.45
Other Comprehensive Income for the year [net of tax ] (118.63) (50.94)
Total Comprehensive Income for the year 6559.07 5336.36
B. Other equity
crore
Reseves and suglus tems of Other Compre hensive Income
Shat Equity
apolication omporeni Deh
of foreign (agital Employee
hae Deberntue foreign instruments Total other
Partic ulars monev
(urrency Capital reseNe on Seuities cotions Temption Genetal Retained curency Hedging through equity
0ending coveriole
alotment reserve business emium teseve earings Iranslation reseve Other
Teserve
bonds Combination eserve Comprehen
SiNe Income
Balance as at 1-4-2017 53.20 10.52 8318.85 177.25 35676 287E60 11225.53 055 144.11 65.78 45B26.15
Profit for the year (a) 5387.30 5387.30
Other Compehensive Inxome (b) 2.5 (0.92) (41.67) (10.85)50.94)
Total Comprehensive Income for the year (a+b) S389.80 (0.92) 4167) (1085) 533636
bsue of equity shares B763 137.63
Tanser to ron- finanial assesliablity 0.28) 0.28)
Share issue ex Denses p.13) 0.1B
Utilised for issIe of bonus shaes 93.35) 93.35)
Transler fromto general reseve/retained eanings during
the vear Q166) 102.18 21.66 (102.18)
Employee shafe options (net 47.0) 47.00)
Transler under scheme of amalgam ation sefer note 60(b)| 636) 0.02 052 15.5 973
Applications during the year 56 356
Dividend paid for the previo us year (1960.76) (1960.76)
Dividend distribution tax paid for the previous year B17.93) (B17,.93)
Balance as at 31-3-2018 5F 153.20 10.52 (6 36) 8363.02 10859 45894 25395.78 14250.01 (0.37) 102.16 54.93 48893,98
Change in accounting policg lndA5 115|
Note 48{h) &1fe)| (701.58 701.58)
Restated balances a 1-4-2018 56 153.20 10.52 (6.36) 863.02 108.59 45894 25395.78 13548.43 (0.37) 102.16 54.93 48192.40
Profit for the year (d) 6677.70 6677.70
Other Comprehensive Inxome (d) 20.36 6.06 42.16) 6217) (118.63)
Total Comprehensive Income for the period (c+d) t657.34 6.064216) (62.17) 6559.07
ksue of equity shates B.56) 08.97 105,41
Iransler to non- financial assetsliablity 0.38) 0.38)
Transter from/to general reseve/retained eamings during
the year 1213) (1863 112.13 (81.32)
Employee share optios (net) 10 4 0,45
Cividend paid for the previo us year 0243.18) 2243.18)
Dividend distribution tax paid for the previous year G53.60) B53.60)
Balance as at 31-3-2019 53.20 1052 (6.36) 8471.99 10691 440.26 2550791 17527.67 5.69 59.62 (724) 52270,17
In terms of our report attached
SELLS LLP
Ptrad Arountants
Firm's Regis tration No 117366WW-1000 18 S.N. SUBRAHMANYAN
by the hand of Chief Executive Oficer &Managing Director
(DIN 02255382)
SANJIN V. PILGAO NKAR
Partner R SHANKAR RAMAN M.M. CHITALE
Memtership No. 39826 Chuef Finan cal Officer & (DIN 00101004)
Whole-time Director
(DIN CO019 798)
SUBODH BHARGAVA SUNITA SHARMA
(DIN 00035672) (DIN 02949529)
N. HARIHARAN VIKRAM SINGH MEHTA SANJEEV AGA N. KUMAR
Campany Secretary (DIN C0041 197) (DIN O0022065) (DIN 00007848)
M No. A3471
Directors
Mumbai, May 10, 2019
Statement of Cash Flows for the year ended March 31, 2019
2018-19 2017-18
Zcrore crore
A. Cash flow from operating activities:
Profit before tax (excluding exceptional items) 8743.24 6831.85
Adjustments for:
Dividend received (1512.12) (3228.67)
Depreciation, amortisation, impairment and obsolescence (net) 1067.95 1049.46
Exchange difference on items grouped under finan cing/investing activities (67.59) (19.71)
Effect of exchanqe rate changes on cash and cash equivalents 3.64 1.66
Expenditure on buyba ck 17.38
Interest expense 1641.39 1432.23
Interest income (499.95) (496.89)
(Profit)/loss on sale of fixed assets (net) (594.24) (60. 18)
(Profit)/loss on sale of investments (net) (including fair valuation) (251.15) 2233.22
(Gain)Moss on derivatives at fair value through Profit or Loss 22.60 125.74
Employee stock option-discount forming part of employee benefits expense 74.70 69.77
7crore crore
C. Cash flow from financing activities:
Proceeds from fresh issue of share capital (including share application money)[net) 11.31 4950
Proceeds from non-current borrowings [Note 62] 789.05 1922.70
Repayments of non-Curent borowings [Note 62] 974.33) B794.12)
(Repayments)/Proceeds from other borrowings (net) [Note 62] (606.49) 1783.81
Settlement of derivative contracts related to borrowings 308.95 149.31
Dividends paid (2243.18) (1960.76)
Additional tax on dividend (353.60) (317.93)
Interest paid (including cash flows from interest rate swaps) (1380.96) (132 1.87)
Net cash (used in)/from financing activities (4449.25) B489.36)
Net (decrease)/increase in cash and cash equivalents (A+ B + C) (446.70) 1249.51
Cash and cash equivalents at beginning of the year {2017-18: included 0.09 crore 3187.75 1938.24
transferred under scheme of amalgamation [Note 60(b)])
Cash and cash equival ents at end of the year 2741.05 3187.75
Notes:
1. Statement of cash flows has been prepared under the indirect method as setout in the Ind AS 7 "Statement of Cash Flows" as specified
in the Companies (ndian Accounting Standards) Rules, 2015.
2. Purchase of fixed assets represents additions to property, plant and equipment, investment property and other intangible assets
adjusted for movement of (a) capital work in progress for property, plant and equipment and investment property and (b) intangible
assets under development during the year.
3 Cash and cash equivalents incduded in the Statement of Cash Flows comprise the following :
2018-19 2017-18
crore ? crore
(a) Cash and cash equivalents disclosed under current assets Note 12 2733.41 3183.75
(b) Other bank bal ances disclosed under current assets [Note 13] 4866.08 1134.31
(c) Cash and bank balances disclosed under non-current assets (Note 7] 289.76 319.52
Total Cash and cash equivalents as per Balance Sheet 7889.25 4637.58
Add :Unrealised exch ange (gain)/loss on cash and cash equivalents 7.64 4.00
Less : Other bank balances disclosed under current assets [Note 13] 4866.08 1134.31
Less : Cash and bank balances disclosed under non-current assets [Note 7] 289.76 319.52
Total Cash and cash equivalents as per Statement of Cash Flows 2741.05 3187.75