Corporate Overview Statutory Reports Financial Statements

(Standalone)

BALANCE SHEET
(R in crores)

As at As at As at
Note March 31, 2017 March 31, 2016 April 1, 2015
I. ASSETS
1. NON-CURRENT ASSETS
(a) Property, plant and equipment 3 17,364.77 17,573.25 17,389.90
(b) Capital work-in-progress 1,870.93 1,557.95 1,516.91
(c) Goodwill 99.09 99.09 99.09
(d) Other intangible assets 5 2,773.69 3,403.47 3,221.45
(e) Intangible assets under development 5,366.03 4,128.58 3,841.00
(f ) Investments in subsidiaries, joint ventures and associates 6 14,778.87 14,590.41 14,581.90
(g) Financial assets
(i) Investments 8 528.37 627.07 626.26
(ii) Loans and advances 10 389.61 252.93 310.73
(iii) Other financial assets 12 196.32 102.92 158.60
(h) Non-current tax assets (net) 724.58 799.63 647.24
(i) Other non-current assets 14 1,856.28 1,679.01 1,612.76
45,948.54 44,814.31 44,005.84
2. CURRENT ASSETS
(a) Inventories 16 5,504.42 5,117.92 5,019.46
(b) Investments in subsidiaries, joint ventures and associates 7 - - 15.54
(c) Financial assets
(i) Investments 9 2,400.92 1,745.84 4.68
(ii) Trade receivables 17 2,128.00 2,045.58 1,448.39
(iii) Cash and cash equivalents 19 188.39 427.07 1,066.47
(iv) Bank balances other than (iii) above 20 97.67 361.35 83.94
(v) Loans and advances 11 231.35 484.44 342.58
(vi) Other financial assets 13 100.76 125.20 40.47
(d) Current tax assets (net) 129.49 3.84 106.62
(e) Other current assets 15 1,807.06 1,550.45 1,345.91
12,588.06 11,861.69 9,474.06
TOTAL ASSETS 58,536.60 56,676.00 53,479.90
II. EQUITY AND LIABILITIES
EQUITY
(a) Equity share capital 21 679.22 679.18 643.78
(b) Other equity 22 20,129.93 22,582.93 14,505.58
20,809.15 23,262.11 15,149.36
LIABILITIES
1. NON-CURRENT LIABILITIES
(a) Financial liabilities
(i) Borrowings 23 13,686.09 10,599.96 12,234.88
(ii) Other financial liabilities 25 1,123.66 2,911.84 3,749.76
(b) Provisions 27 850.71 750.89 711.54
(c) Deferred tax liabilities (net) 29 97.95 71.39 66.34
(d) Other non-current liabilities 30 321.24 378.07 380.86
16,079.65 14,712.15 17,143.38
2. CURRENT LIABILITIES
(a) Financial liabilities
(i) Borrowings 24 5,375.52 3,654.72 8,173.02
(ii) Trade payables [includes dues of micro and small enterprises 7,015.21 5,141.17 5,000.18
R123.27 crores (as at March 31, 2016 R128.40 crores and as at
April 1, 2015 R139.43 crores)]
(iii) Acceptances 4,379.29 3,887.28 3,950.53
(iv) Other financial liabilities 26 2,465.14 3,784.19 2,324.90
(b) Provisions 28 467.98 450.27 378.77
(c) Current tax liabilities (net) 80.64 79.27 60.50
(d) Other current liabilities 31 1,864.02 1,704.84 1,299.26
21,647.80 18,701.74 21,187.16
TOTAL EQUITY AND LIABILITIES 58,536.60 56,676.00 53,479.90
See accompanying notes to financial statements
In terms of our report attached For and on behalf of the Board

For DELOITTE HASKINS & SELLS LLP

N CHANDRASEKARAN [DIN:
GUENTER BUTSCHEK [DIN: 07427375]
00121863] R A MASHELKAR [DIN: 00074119]
Chartered Accountants Chairman CEO & Managing Director
N MUNJEE [DIN:00010180]
B P SHROFF R PISHARODY [DIN: 01875848]
Partner V K JAIRATH [DIN: 00391684] Executive Director
S B BORWANKAR [DIN: 01793948]

O P BHATT [DIN:00548091] Executive Director
R SPETH [DIN: 03318908] C RAMAKRISHNAN
Directors Group Chief Financial Officer
H K SETHNA [FCS: 3507]
Company Secretary
Mumbai, May 23, 2017
Mumbai, May 23, 2017
F-8 72nd Annual Report 2016-17