Consolidated Assets Summary

Tata Motors Ltd.

Currency: Rs. Million (Non-Annualised)
Gross fixed assets
Cumulative depreciation
Arrears of depreciation
Net fixed assets
Intangible assets
Land
Buildings
Plant & machinery, computers and electrical assets
Transport & communication equipment and infrastructure
Furniture, social amenities and other fixed assets

Mar-06
12 mths

Mar-07
12 mths

Mar-08
12 mths

96,640.90 106,424.60 133,877.60

47,927.10 52,761.50 59,156.10
48,713.80
5,571.80
1,522.20
9,270.60
30,876.40
704
768.8

53,663.10
5,770.20
2,319.40
9,707.80
34,248.80
858
758.9

74,721.50
9,464.00
4,318.40
11,949.50
47,319.50
666.2
1,003.90

9,744.90

25,816.50

59,482.80

0.00

0.00

0.00

12,615.00
7,646.90
418.80
2,568.40
1,617.00

11,745.90
7,782.50
410
1,327.80
1,588.80

26,658.30
10,788.30
2,805.00
9,667.50
625.6

482.5
118.6

769.1
132.3

2,872.10
100.2

18,636.20

17,261.10

37,307.00

2,036.70

2,621.80

5,306.80

Current assets
Cash & bank balance
Inventories
Receivables
Assets held for sale and transfer

58161.3
13,864.40
24,810.40
19,463.80
22.70

70017.6
11,542.70
31,669.00
26,713.60
92.30

101240.9
38,331.70
32,946.40
29,871.10
91.70

Loans & advances

Miscellaneous expenses not written off

52,429.90
139.1

92,853.90
119.3

91,289.00
69.3

Capital work-in-progress
Net lease reserve adjustment
Net pre-operative exp pending allocation
Investments
Investment in equity shares
Investment in preference shares
Investment in mutual funds
Investment in debt instruments
Investment in approved securites
Investment in assisted companies
Investment in others
Less: provn. for dimin. in value of investments
Market value of quoted investments
Deferred tax assets

Total assets

183,840.70 256,838.10 358,768.60

Mar-09
12 mths

Mar-10
12 mths

Mar-11
12 mths

620,273.60 680,357.30
331,154.60 341,799.10

747,503.90
394,081.60

289,119.00 338,558.20
91,364.70 133,100.60
14,453.70 17,489.40
38,233.30 37,438.90
141,001.10 146,834.40
730.10
653.90
3,336.10
3,041.00

353,422.30
125,868.30
17,724.60
38,043.30
168,721.50
1,334.20
1,730.40

105,330.00

80,680.20

117,288.60

0.00

0.00

0.00

12,574.00
8,261.20
2,805.00
765.7
256.9

22,191.20
10,975.90
360.00
10,646.20
239.1

25,442.60
13,773.70
360
11,226.70
155

567.1
81.9

53.3
83.3

8.10
80.9

6,290.00

14,254.70

14,872.30

16,051.00

13,076.60

27,596.40

231890.9 299631.7
41,213.40 87,433.20
109,506.00 113,120.30
81,100.70 99,024.60
70.80
53.60

349948.2
109,479.30
140,705.10
99,695.60
68.20

101,404.40 125,718.30
860.8

160,469.20

757,230.10 879,856.20 1,034,167.30

Consolidated Liabilities Summary

Tata Motors Ltd.
Currency: Rs. Million (Non-Annualised)
Shareholder's funds

Mar-06
12 mths

Mar-07
12 mths

Mar-08
12 mths

60,911.70

76,837.90

86,650.80

3,828.20
0.50

3,853.60
0.50

3,854.90
0.50

Minority interest reserves

Reserves and funds
Free reserves
Specific reserves
Revaluation reserves
Accumulated losses

1739.3
57,486.00
30,331.70
26890.4
263.90

2499.6
73,362.60
44,087.80
29015.3
259.50

4,683.10
83,119.80
58,509.50
24355.2
255.10

Borrowings
Bank borrowings
Short term bank borrowings
Long term bank borrowings
Secured financial institutions borrowings
Central & state govt. (usually sales tax deferrals)
Debentures and bonds
Convertible debentures
Non-convertible
Fixed deposits
Foreign borrowings
External commercial borrowings
Of which : euro convertible bonds
Foreign suppliers' credit
Borrowings from corporate bodies
Group and associate cos.
Borrowings from promoters and directors
Commercial paper
Hire purchase loans
Interest accrued and due
Deferred credit
Other borrowings

33,791.40
6,685.40
6,685.40

73,019.00 115,848.70
32,925.40 51,307.20
32,925.40 51,307.20

Share capital
Paid up equity capital
Forfeited equity capital
Paid up preference capital
Capital contribution, suspense & appln. money
Convertible warrants

Deferred tax liability

261.00

15,250.00

15,850.00

755

755

7877

755

755

7,877.00

24993.5
19,046.20

21853.2
21,853.20

38621.7
36,610.30
36,610.30

42.50

42.50

512.30

1,400.00

1,196.00

869.80
184.20

732.80
60.10

484.50
0.00

8804.6

10794.5

15051.3

Current liabilities & provisions

Sundry creditors
Acceptances
Deposits & advances from customers,etc.
Interest accrued but not due
Share application money and advances oversubscribed and refundable amount
Other current liabilities
Provisions
Total liabilities
Contingent liabilities
Memorandum
Authorised equity capital
Issued equity capital

78190.7
30602.1
29,502.30
4,025.30
193.6

93308.3
48723.3
24,461.10
3,441.70
268.9

136210.3
67815.5
41,315.10
3,341.90
371.3

113.30
13,754.10

108.90
16,304.40

112.80
23,253.70

183,840.70 256,838.10 358,768.60

29,717.70

59,491.40

85,609.60

4,100.00
3,828.30

4,500.00
3,853.70

4,500.00
3,855.00

Mar-09
12 mths

Mar-10
12 mths

Mar-11
12 mths

57,438.10

82,119.00

190,268.40

5,140.00
0.50

5,705.50
0.50

6,346.00
0.50
30.60

4,030.30
54,265.90
40,751.80
27943.2
1,107.50
15536.6

2,135.10
78,270.30
45,829.10
40762.4
1,857.30
10178.5

2,466.00
185,337.60
112,788.80
71102.5
1,446.30

349,738.50 351,923.60
249,591.70 146,280.00
239,676.70 134,757.30
9,915.00 11,522.70
15765 18,957.40

327,914.10
123,214.80
110,439.00
12775.8
31,169.70

9172

54172

62749.5

9172
12324.7
45223.9
45,223.90
45223.9

54172
31734.5
64626.5
64,626.50
41,618.60

62,749.50
32923.5
50523.2
50,523.20
26,366.00

2,090.00

940.00

570.00

15,485.50

29,250.00

24,320.30

85.70
0.00

5,963.20

2,443.10

22853.1

24612.9

42234.3

321201.8
185190.2
42,395.50
3,407.30
894.1

417208.3
221875.4
71,842.90
17,765.80
2,327.20

469838.2
266847.8
53,890.30
19,672.00
5,081.70

7,914.50
81,400.20

26,962.00
76,435.00

25,654.70
98,691.70

757,230.10 879,856.20 1,034,167.30

107,660.00

91,953.70

119,120.90

9,000.00
5,140.10

9,000.00
5,705.60

9,000.00
6,346.10

Tata Motors Ltd.

Currency: Rs. Million (Non-Annualised)
Total income
Sales
Industrial sales
Income from non-financial services
Income from financial services
Interest income
Dividends
Income from treasury operations
Other income
Prior period and extra-ordinary income
Change in stock
Total expenses
Operating expenses
Raw materials, stores & spares
Purchase of finished goods
Packaging and packing expenses
Power, fuel & water charges
Compensation to employees
Indirect taxes
Royalties, technical know-how fees, etc.
Rent & lease rent
Repairs & maintenance
Insurance premium paid
Outsourced manufacturing jobs
Outsourced professional jobs
Directors' fees
Selling & distribution expenses
Travel expenses
Communications expenses
Printing & stationery expenses
Miscellaneous expenditure
Other operational exp. of industrial ent
Other operational exp. of non-fin. services ent
Share of loss in other enterprises
Financial charges
Fee based financial services expenses
Fund based financial services expenses
Interest paid
Financial charges on instruments
Total provisions
Non-cash charges

Mar-06
Mar-07
Mar-08
12 mths
12 mths
12 mths
243,759.50 321,891.00 338,855.70
234,394.10 310,007.10 324,347.80
224,967.10 297,806.10 307,065.70
9,427.00 12,201.00 17,282.10
8,001.20
9,801.20 12,418.90
3,723.90
4,869.40
4,496.80
1,114.60
2,097.10
2,516.30
1,873.10
1,646.80
4,793.30
1,232.20
1,444.80
1,580.90
132.00
637.90
508.10
2,569.10
3,496.80
-404.80
231,039.80 306,253.20 318,161.70
219,343.90 293,541.30 306,599.40
136,342.80 184,203.60 190,574.80
9,987.40 14,592.00 15,981.10
2,585.10
11,471.70
34,137.10

3,274.10
13,680.90
44,579.50

3,251.90
15,445.70
43,636.80

234.2
732.80
281.5
6,257.00
31.50

199.6
726.50
305.6
8,237.90
42.70

418.7
793.90
464.8
8,514.30
97.30

8,333.20

11,535.80

12,381.50

8,949.60

12,163.10

15,038.60

3,634.60

4,352.40

4,760.50

3,634.60
1,285.00

4,352.40
1,928.70

4,760.50
1,756.20

615.1

1,657.40

3,628.60

2,191.50

104.9

-2,302.30

Depreciation
Amortisation
Prior period and extra-ordinary expenses
Provision for direct tax

5,226.80

5,749.20

6,444.00

5.4
5,249.30

6,597.20

5,475.50

Profit after tax

15,288.80

19,134.60

20,289.20

PBDITA
PBDTA
PBT

28,699.80
25,764.90
20,538.10

35,166.10
31,481.00
25,731.80

36,464.80
32,208.70
25,764.70

Mar-09
Mar-10
Mar-11
12 mths
12 mths
12 mths
301,757.40 403,903.10 525,649.90
285,132.80 381,618.70 519,533.70
264,795.30 356,859.00 488,969.50
20,337.50 24,759.70 30,564.20
13,970.30 22,216.00
6,079.00
4,416.50
3,505.30
3,446.50
4,054.50
517.40
1,809.80
5,205.20 18,017.10
666.60
1,858.40
795.90
68.40
37.20
-2,380.40
6,066.30
3,542.20
289,211.50 387,568.60 511,073.90
273,396.00 354,033.10 485,780.90
165,901.10 208,445.10 276,839.20
21,803.20 45,132.30 73,631.30
3,049.40
15,513.90
28,937.50

3,626.20
18,361.30
28,122.10

4,712.80
22,940.20
41,385.10

467.3
872.10
441.4
8,106.00
75.70

459.7
1,328.30
447.6
12,129.00
94.40

525.2
1,282.50
551.1
16,760.70
88.60

12,753.20

17,272.70

23,952.80

15,475.20

18,614.40

23,111.40

14,052.10

21,970.50

15,368.70

14,052.10
4,944.40

21,970.50
7,562.60

15,368.70
9,169.50

2,282.10

2,927.50

1,840.80

-643.7

2,742.90

4,236.50

8,705.70

10,099.10

13,466.40

125

5,894.60

3,847.00

10,165.50

22,400.80

18,118.20

27,105.20
18,996.20
10,290.50

50,856.80
38,394.50
28,295.40

49,268.60
35,431.60
21,965.20

Ratios
2006

Liquidity Ratio
Current Ratio = current asset / current liability
Current asset
Current liability
Ratio

58,161.30
78,190.70
0.743839101

Quick Ratio = quick assets/ current liability

Quick asset
current liability
Ratio

33,350.90
78,190.70
0.426532823

Absolute Quick Ratio= absolute quick assets/ current liability

Absolute quick assets
Current liability
Ratio

13,864.40
78,190.70
0.177315205

Capital Structure Ratios

Debt equity ratio= long term debts / shareholders fund
Long Term Debts
Share holders fund
Ratio

26,807.00
60,911.70
0.440096073

Proprietary Ratio= Net Worth/ Total asset

Net Worth
Total Asset
Ratio

60,911.70
183,840.70
0.331328699

Capital Gearing Ratio=Fixed Dividend +Fixed Int/ shareholders fund

Fixed Dividend funds
Fixed Interest funds
Shareholders Fund
Ratio

0
62,994.40
60,911.70
1.034192117

Fixed asset ratio= Fixed Asset/Capital Employed

Fixed asset

48,713.80

Capital Employed
Ratio

87,718.70
0.555341107

Interest Coverage Ratio= PBIT/Fixed Interest

PBIT
Fixed Interest
Ratio

23,473.00
1,285.00
18.26692607

Dividend Coverage ratio= PAT/ Preference Dividend

PAT
Preference Dividend
Ratio

15,288.80
0
0

Turnover Ratios
Inventory Turnover Ratio= COGS/Average Stock
COGS
Average stock
Ratio
Debtors Turnover Ratio= Net Credit Sales / Average Debtors
Net Credit Sales
Average Debtors
Ratio

210,921.10
24,810.40
8.501317996

234,394.10
19,463.80
12.0425662

Creditors Turnover Ratio= Net Credit Purchase/ Average Creditors

Net Credit Purchase
Average Creditors
Ratio

146,330.20
30,602.10
4.781704524

Fixed Asset turnover Ratio= Net Sales / Fixed Asset

Net Sales
Fixed Asset
Ratio

234,394.10
48,713.80
4.811657066

Total Asset turnover ratio= Sales/ Total Asset

Sales
Total asset
Ratio

234,394.10
183,840.70
1.27498481

Profitability Ratios
Gross Profit Ratio= Gross Profit/Net Sales
Gross Profit Ratio
Net Sales

23,473.00
234,394.10

Ratio

0.100143306

Net Profit Ratio = Net Profit/ Net sales

Net Profit
Net Sales
Ratio

15,288.80
234,394.10
0.065226898

Operating Profit Ratio= Operating Profit/Net Sales

Operating Profit
Net Sales
Ratio

23,473.00
234,394.10
0.100143306

Operating Cost Ratio= Operating Cost/ Net SALES

Operating Cost
Net Sales
Ratio

227,677.1
234,394.10
0.971343135

Return on capital employed= PBIT/ Capital Employed

PBIT
Capital Employed
Ratio

23,473.00
87,718.70
0.267594025

Return on net worth=PAT /Net worth

PAT
Net Worth
Ratio

15,288.80
60,911.70
0.250999397

Return on Equity= PAT- Preference Dividend/Equity Shareholders Fund

PAT - Preference Dividend
Equity Shareholders Fund
Ratio

15,288.80
60,911.70
0.250999397

Return on Total Asset= PAT/ Total Asset

PAT
Total Asset
Ratio

15,288.80
183,840.70
0.083163304

EPS = PAT - Preference Dividend/ No of Shares

PAT - Preference Dividend
No of shares
Ratio

15,288.80
382.83
39.93626414

DPS = Dividend paid / No of Shares

Dividend Paid
No of Shares
Ratio

1,114.60
382.83
2.911475067

Dividend Payout Ratio= DPS/EPS

DPS
EPS
Ratio
Book Value of share = Net worth/ No of shares
Net worth
No of shares
Ratio

2.911475067
39.93626414
0.07290304

60,911.70
382.83
159.109004

2007

2008

2009

2010

2011

70,017.60 101,240.90 231,890.90 299,631.70

349,948.20
93,308.30 136,210.30 321,201.80 417,208.30
469,838.20
0.750389837 0.743269 0.7219477 0.7181825 0.744827049

38,348.60 68,294.50 122,384.90 186,511.40

93,308.30 136,210.30 321,201.80 417,208.30
0.41098809 0.5013901 0.3810218 0.4470462

209,243.10
469,838.20
0.4453514

11,542.70 38,331.70 41,213.40 87,433.20

109,479.30
93,308.30 136,210.30 321,201.80 417,208.30
469,838.20
0.123704965 0.2814156
0.12831 0.2095673 0.233014897

38,655.70 70,738.00 103,662.60 236,125.10

253,461.20
76,837.90 86,650.80 57,438.10 82,119.00
190,268.40
0.503081162 0.8163571 1.8047707 2.8754016 1.332124515

76,837.90 86,650.80 57,438.10 82,119.00

190,268.40
256,838.10 358,768.60 757,230.10 879,856.20 1,034,167.30
0.29916862 0.2415228 0.0758529 0.0933323 0.183982224

0
0
0
0
98,374.00 157,812.30 410,694.40 472,013.60
76,837.90 86,650.80 57,438.10 82,119.00
1.280279654 1.8212446 7.1502087 5.7479219

53,663.10

74,721.50 289,119.00 338,558.20

0
433,475.90
190,268.40
2.2782338

353,422.30

115,493.60 157,388.80 161,100.70 318,244.10

443,729.60
0.464641331 0.4747574 1.7946477 1.0638318 0.796481235

29,416.90 30,020.80 18,399.50 40,757.70

35,802.20
1,928.70
1,756.20
4,944.40
7,562.60
9,169.50
15.25219059 17.094181 3.7212806 5.3893767 3.904487704

19,134.60
0
0

20,289.20
0
0

10,165.50
0
0

22,400.80
0
0

18,118.20
0
0

280,590.20 294,327.00 266,733.30 340,861.00

28239.7
32307.7
71226.2 111313.15
9.93601915 9.1101193 3.7448762 3.0621809

483,731.50
126912.7
3.8115295

310,007.10 324,347.80 285,132.80 381,618.70

519,533.70
23088.7 28292.35
55485.9 90062.65
99360.1
13.42678886 11.464152 5.1388335 4.2372582 5.228796066

198,795.60 206,555.90 187,704.30 253,577.40

350,470.50
39662.7
58269.4 126502.85 203532.8
244361.6
5.012154997 3.5448434 1.483795 1.2458798 1.434229028

310,007.10 324,347.80 285,132.80 381,618.70

519,533.70
53,663.10 74,721.50 289,119.00 338,558.20
353,422.30
5.776913745 4.340756 0.9862126 1.1271879 1.470008259

310,007.10 324,347.80 285,132.80 381,618.70

519,533.70
256,838.10 358,768.60 757,230.10 879,856.20 1,034,167.30
1.207013679 0.9040585 0.3765471 0.4337285 0.502369104

29,416.90 30,020.80 18,399.50 40,757.70

310,007.10 324,347.80 285,132.80 381,618.70

35,802.20
519,533.70

0.094891052 0.0925574 0.0645296 0.1068022

0.06891218

19,134.60 20,289.20 10,165.50 22,400.80

18,118.20
310,007.10 324,347.80 285,132.80 381,618.70
519,533.70
0.061723102 0.0625538 0.0356518 0.0586994 0.034873965

29,416.90 30,020.80 18,399.50 40,757.70

310,007.10 324,347.80 285,132.80 381,618.70
0.094891052 0.0925574 0.0645296 0.1068022

35,802.20
519,533.70
0.06891218

305,077.1 318,980.9 286,149.2 371,305.8

509,733.7
310,007.10 324,347.80 285,132.80 381,618.70
519,533.70
0.984097138 0.9834533 1.0035647 0.9729759 0.981136931

29,416.90 30,020.80 18,399.50 40,757.70

35,802.20
115,493.60 157,388.80 161,100.70 318,244.10
443,729.60
0.254705888 0.1907429 0.1142112 0.1280706 0.080684723

19,134.60
76,837.90
0.249025546

20,289.20 10,165.50 22,400.80

86,650.80 57,438.10 82,119.00
0.234149 0.1769818 0.2727846

18,118.20
190,268.40
0.09522443

19,134.60
76,837.90
0.249025546

20,289.20 10,165.50 22,400.80

86,650.80 57,438.10 82,119.00
0.234149 0.1769818 0.2727846

18,118.20
190,268.40
0.09522443

19,134.60 20,289.20 10,165.50 22,400.80

18,118.20
256,838.10 358,768.60 757,230.10 879,856.20 1,034,167.30
0.074500629 0.0565523 0.0134246 0.0254596 0.017519602

19,134.60 20,289.20 10,165.50 22,400.80

18,118.20
385.37
385.5
514.01
570.56
634.61
49.65254171 52.630869 19.776853 39.261077 28.55013315

2,097.10
2,516.30
4,054.50
517.40
1,809.80
385.37
385.5
514.01
570.56
634.61
5.441783221 6.5273671 7.8879788 0.9068284 2.851830258

5.441783221 6.5273671 7.8879788 0.9068284 2.851830258

49.65254171 52.630869 19.776853 39.261077 28.55013315
0.109597274 0.1240216 0.398849 0.0230974 0.09988851

76,837.90
385.37
199.387342

86,650.80
385.5
224.7751

57,438.10 82,119.00
190,268.40
514.01
570.56
634.61
111.7451 143.92702 299.8194166

LEVERAGE
2006

2007

2008

2009

Degree of Operating Leverage (DOL)

Change in EBIT/ Change in Sales
EBIT
Change in EBIT
Sales
Change in sales
DOL

29,416.90
30,020.80
18,399.50
0.253222852 0.020529016 -0.387108272
234,394.10
310,007.10
324,347.80
285,132.80
0.322589178 0.046259263 -0.120904165
0.784970077 0.443781726 3.201777796

Degree of Financial Leverage (DFL)

EPS
Change in EPS
EBIT
Change in EBIT
DFL

39.936264 49.65254171
52.630869 19.77685259
0.243294604 0.05998338 -0.624234732
23,473.00
29,416.90
30,020.80
18,399.50
0.253222852 0.020529016 -0.387108272
0.96079245 2.921882923 1.612558496

Degree of Combined Leverage

DOL * DFL

23,473.00

0.754193324 1.296678248

5.163053985

2010

2011

40,757.70
35,802.20
1.215152586 -0.121584388
381,618.70
519,533.70
0.33838934 0.361394764
3.590989556 -0.336430961

39.26107684 28.55013315
0.985203493 -0.272813294
40,757.70
35,802.20
1.215152586 -0.121584388
0.810765252
2.24381846

2.911449553 -0.754890001

Consolidated Liabilities Summary

Tata Motors Ltd.
Currency: Rs. Million (Non-Annualised)
Shareholder's funds
Share capital
Paid up equity capital
Forfeited equity capital
Paid up preference capital
Capital contribution, suspense & appln. money
Convertible warrants

Mar-06
Mar-07
Mar-08
Mar-09
12 mths
12 mths
12 mths
12 mths
60,911.70

76,837.90

86,650.80

57,438.10

3,828.20
0.5

3,853.60
0.5

3,854.90
0.5

5,140.00
0.5

Minority interest reserves

Reserves and funds
Free reserves
Specific reserves
Revaluation reserves
Accumulated losses

1,739.30
57,486.00
30,331.70
26,890.40
263.9

2,499.60
73,362.60
44,087.80
29,015.30
259.5

4,683.10
83,119.80
58,509.50
24,355.20
255.1

4,030.30
54,265.90
40,751.80
27,943.20
1,107.50
15,536.60

Borrowings
Bank borrowings
Short term bank borrowings
Long term bank borrowings
Secured financial institutions borrowings
Central & state govt. (usually sales tax deferrals)
Debentures and bonds
Convertible debentures
Non-convertible
Fixed deposits
Foreign borrowings
External commercial borrowings
Of which : euro convertible bonds
Foreign suppliers' credit
Borrowings from corporate bodies
Group and associate cos.
Borrowings from promoters and directors
Commercial paper
Hire purchase loans
Interest accrued and due
Deferred credit
Other borrowings

33,791.40
6,685.40
6,685.40

73,019.00 115,848.70 349,738.50

32,925.40 51,307.20 249,591.70
32,925.40 51,307.20 239,676.70
9,915.00
15,250.00 15,850.00 15,765.00

Deferred tax liability

Current liabilities & provisions
Sundry creditors
Acceptances

261
755

755

7,877.00

9,172.00

755

755

7,877.00

24,993.50
19,046.20

21,853.20
21,853.20

38,621.70
36,610.30
36,610.30

9,172.00
12,324.70
45,223.90
45,223.90
45,223.90

42.5

42.5

512.3

2,090.00

1,400.00

1,196.00

15,485.50

869.8
184.2

732.8
60.1

484.5
0

85.7
0

8,804.60

10,794.50

15,051.30

22,853.10

78,190.70
30,602.10
29,502.30

93,308.30 136,210.30 321,201.80

48,723.30 67,815.50 185,190.20
24,461.10 41,315.10 42,395.50

Deposits & advances from customers,etc.

Interest accrued but not due
Share application money and advances oversubscribed and refundable amount
Other current liabilities
Provisions
Total liabilities
Contingent liabilities
Memorandum
Authorised equity capital
Issued equity capital

4,025.30
193.6

3,441.70
268.9

3,341.90
371.3

3,407.30
894.1

113.30
13,754.10

108.90
16,304.40

112.80
23,253.70

7,914.50
81,400.20

183,840.70 256,838.10 358,768.60 757,230.10

29,717.70

59,491.40

4,100.00
3,828.30

4,500.00
3,853.70

85,609.60 107,660.00

4,500.00
3,855.00

9,000.00
5,140.10

Mar-10
Mar-11 Growth in 2007 Growth in 2008 Growth in 2009 Growth in 2010
12 mths
12 mths
82,119.00

190,268.40

5,705.50
0.5

6,346.00
0.5
30.6

2,135.10
78,270.30
45,829.10
40,762.40
1,857.30
10,178.50

2,466.00
185,337.60
112,788.80
71,102.50
1,446.30

351,923.60
146,280.00
134,757.30
11,522.70
18,957.40

327,914.10
123,214.80
110,439.00
12,775.80
31,169.70

54,172.00

62,749.50

54,172.00
31,734.50
64,626.50
64,626.50
41,618.60

62,749.50
32,923.50
50,523.20
50,523.20
26,366.00

940

570

29,250.00

24,320.30

5,963.20

2,443.10

24,612.90

42,234.30

417,208.30
221,875.40
71,842.90

469,838.20
266,847.80
53,890.30

15,926.20
0.00
25.40
0.00
0.00
0.00
0.00
0.00
760.30
15,876.60
13,756.10
2,124.90
-4.40
0.00
0.00
39,227.60
26,240.00
26,240.00
0.00
14,989.00
0.00
0.00
0.00
0.00
0.00
-3,140.30
2,807.00
0.00
0.00
0.00
0.00
0.00
1,400.00
0.00
0.00
-137.00
-124.10
0.00
1,989.90
0.00
15,117.60
18,121.20
-5,041.20

9,812.90
0.00
1.30
0.00
0.00
0.00
0.00
0.00
2,183.50
9,757.20
14,421.70
-4,660.10
-4.40
0.00
0.00
42,829.70
18,381.80
18,381.80
0.00
600.00
0.00
7,122.00
0.00
7,122.00
0.00
16,768.50
14,757.10
36,610.30
0.00
469.80
0.00
0.00
-204.00
0.00
0.00
-248.30
-60.10
0.00
4,256.80
0.00
42,902.00
19,092.20
16,854.00

-29,212.70
0.00
1,285.10
0.00
0.00
0.00
0.00
0.00
-652.80
-28,853.90
-17,757.70
3,588.00
852.40
15,536.60
0.00
233,889.80
198,284.50
188,369.50
9,915.00
-85.00
0.00
1,295.00
0.00
1,295.00
12,324.70
6,602.20
8,613.60
8,613.60
0.00
1,577.70
0.00
0.00
14,289.50
0.00
0.00
-398.80
0.00
0.00
7,801.80
0.00
184,991.50
117,374.70
1,080.40

24,680.90
0.00
565.50
0.00
0.00
0.00
0.00
0.00
-1,895.20
24,004.40
5,077.30
12,819.20
749.80
-5,358.10
0.00
2,185.10
-103,311.70
-104,919.40
1,607.70
3,192.40
0.00
45,000.00
0.00
45,000.00
19,409.80
19,402.60
19,402.60
-3,605.30
0.00
-1,150.00
0.00
0.00
13,764.50
0.00
0.00
-85.70
5,963.20
0.00
1,759.80
0.00
96,006.50
36,685.20
29,447.40

17,765.80
2,327.20

19,672.00
5,081.70

26,962.00
76,435.00

25,654.70
98,691.70

879,856.20 1,034,167.30
91,953.70

119,120.90

9,000.00
5,705.60

9,000.00
6,346.10

-583.60
75.30
0.00
0.00
-4.40
2,550.30
0.00
72,997.40
0.00
29,773.70
0.00
0.00
400.00
25.40

-99.80
102.40
0.00
0.00
3.90
6,949.30
0.00
101,930.50
0.00
26,118.20
0.00
0.00
0.00
1.30

65.40
522.80
0.00
0.00
7,801.70
58,146.50
0.00
398,461.50
0.00
22,050.40
0.00
0.00
4,500.00
1,285.10

14,358.50
1,433.10
0.00
0.00
19,047.50
-4,965.20
0.00
122,626.10
0.00
-15,706.30
0.00
0.00
0.00
565.50

Growth in 2011 Average

108,149.40
0.00
640.50
0.00
0.00
30.60
0.00
0.00
330.90
107,067.30
66,959.70
30,340.10
-411.00
-10,178.50
0.00
-24,009.50
-23,065.20
-24,318.30
1,253.10
12,212.30
0.00
8,577.50
0.00
8,577.50
1,189.00
-14,103.30
-14,103.30
-15,252.60
0.00
-370.00
0.00
0.00
-4,929.70
0.00
0.00
0.00
-3,520.10
0.00
17,621.40
0.00
52,629.90
44,972.40
-17,952.60

129,356.70
0.00
2,517.80
0.00
0.00
30.60
0.00
0.00
726.70
127,851.60
82,457.10
44,212.10
1,182.40
0.00
0.00
294,122.70
116,529.40
103,753.60
12,775.80
30,908.70
0.00
61,994.50
0.00
61,994.50
32,923.50
25,529.70
31,477.00
26,366.00
0.00
527.50
0.00
0.00
24,320.30
0.00
0.00
-869.80
2,258.90
0.00
33,429.70
0.00
391,647.50
236,245.70
24,388.00

1,906.20 15,646.70
2,754.50
4,888.10
0.00
0.00
0.00
0.00
-1,307.30 25,541.40
22,256.70 84,937.60
0.00
0.00
154,311.10 850,326.60
0.00
0.00
27,167.20 89,403.20
0.00
0.00
0.00
0.00
0.00
4,900.00
640.50
2,517.80

Consolidated Assets Summary

Tata Motors Ltd.
Currency: Rs. Million (Non-Annualised)

Mar-06
Mar-07
Mar-08
12 mths
12 mths
12 mths

Gross fixed assets

Cumulative depreciation

96,640.90 106,424.60 133,877.60

47,927.10 52,761.50 59,156.10

Net fixed assets

Intangible assets
Land
Buildings
Plant & machinery, computers and electrical assets
Transport & communication equipment and infrastructure
Furniture, social amenities and other fixed assets

48,713.80
5,571.80
1,522.20
9,270.60
30,876.40
704
768.8

53,663.10
5,770.20
2,319.40
9,707.80
34,248.80
858
758.9

74,721.50
9,464.00
4,318.40
11,949.50
47,319.50
666.2
1,003.90

9,744.90

25,816.50

59,482.80

0.00

0.00

0.00

12,615.00
7,646.90
418.80
2,568.40
1,617.00

11,745.90
7,782.50
410
1,327.80
1,588.80

26,658.30
10,788.30
2,805.00
9,667.50
625.6

482.5
118.6

769.1
132.3

2,872.10
100.2

18,636.20

17,261.10

37,307.00

2,036.70

2,621.80

5,306.80

Capital work-in-progress
Net lease reserve adjustment
Net pre-operative exp pending allocation
Investments
Investment in equity shares
Investment in preference shares
Investment in mutual funds
Investment in debt instruments

Investment in others
Less: provn. for dimin. in value of investments
Market value of quoted investments
Deferred tax assets
Current assets
Cash & bank balance
Inventories
Receivables
Assets held for sale and transfer

58,161.30
13,864.40
24,810.40
19,463.80
22.70

70,017.60 101,240.90
11,542.70 38,331.70
31,669.00 32,946.40
26,713.60 29,871.10
92.30
91.70

Loans & advances

Miscellaneous expenses not written off

52,429.90
139.1

92,853.90
119.3

Total assets

91,289.00
69.3

183,840.70 256,838.10 358,768.60

Mar-09
Mar-10
Mar-11 Growth in 2007 Growth in 2008 Growth in 2009 Growth in 2010
12 mths
12 mths
12 mths
620,273.60 680,357.30
331,154.60 341,799.10

747,503.90
394,081.60

9,783.70
4,834.40

27,453.00
6,394.60

486,396.00
271,998.50

60,083.70
10,644.50

289,119.00 338,558.20
91,364.70 133,100.60
14,453.70 17,489.40
38,233.30 37,438.90
141,001.10 146,834.40
730.10
653.90
3,336.10
3,041.00

353,422.30
125,868.30
17,724.60
38,043.30
168,721.50
1,334.20
1,730.40

4,949.30
198.40
797.20
437.20
3,372.40
154.00
-9.90

21,058.40
3,693.80
1,999.00
2,241.70
13,070.70
-191.80
245.00

214,397.50
81,900.70
10,135.30
26,283.80
93,681.60
63.90
2,332.20

49,439.20
41,735.90
3,035.70
-794.40
5,833.30
-76.20
-295.10

105,330.00

80,680.20

117,288.60

16,071.60

33,666.30

45,847.20

-24,649.80

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

12,574.00
8,261.20
2,805.00
765.7
256.9

22,191.20
10,975.90
360.00
10,646.20
239.1

25,442.60
13,773.70
360
11,226.70
155

-869.10
135.60
-8.80
-1,240.60
-28.20

14,912.40
3,005.80
2,395.00
8,339.70
-963.20

-14,084.30
-2,527.10
0.00
-8,901.80
-368.70

9,617.20
2,714.70
-2,445.00
9,880.50
-17.80

567.1
81.9

53.3
83.3

8.10
80.9

286.60
13.70

2,103.00
-32.10

-2,305.00
-18.30

-513.80
1.40

6,290.00

14,254.70

14,872.30

-1,375.10

20,045.90

-31,017.00

7,964.70

16,051.00

13,076.60

27,596.40

585.10

2,685.00

10,744.20

-2,974.40

231,890.90 299,631.70
41,213.40 87,433.20
109,506.00 113,120.30
81,100.70 99,024.60
70.80
53.60

349,948.20
109,479.30
140,705.10
99,695.60
68.20

11,856.30
-2,321.70
6,858.60
7,249.80
69.60

31,223.30
26,789.00
1,277.40
3,157.50
-0.60

130,650.00
2,881.70
76,559.60
51,229.60
-20.90

67,740.80
46,219.80
3,614.30
17,923.90
-17.20

101,404.40 125,718.30
860.8

160,469.20

40,424.00
-19.80

-1,564.90
-50.00

10,115.40
791.50

24,313.90
-860.80

757,230.10 879,856.20 1,034,167.30

72,997.40

101,930.50

398,461.50

122,626.10

Growth in 2011 Average

67,146.60
52,282.50

130172.6
69230.9

14,864.10
-7,232.30
235.20
604.40
21,887.10
680.30
-1,310.60

60941.7
24059.3
3240.48
5754.54
27569.02
126.04
192.32

36,608.40

21508.74

0.00

0.00

3,251.40
2,797.80
0.00
580.50
-84.10

2565.52
1225.36
-11.76
1731.66
-292.4

-45.20
-2.40

-94.88
-7.54

617.60

-752.78

14,519.80

5111.94

50,316.50
22,046.10
27,584.80
671.00
14.60

58357.38
19122.98
23178.94
16046.36
9.1

34,750.90
0.00

21607.86
-27.82

154,311.10 170065.32