Page 270 - Tata_Chemicals_yearly-reports-2019-20

Carrying amount of investment in joint ventures ` in crore
As at As at
March 31, 2020 March 31, 2019
Indo Maroc phosphore S.a. 336.07 391.73
Joil (S) pte. ltd.* - -
the Block Salt Company ltd. 2.27 2.73
tata Industries ltd. (w.e.f. 27 March, 2019) (note 38) 431.97 476.10
Total 770.31 870.56
*the group has impaired 100% investment during the year ended March 31, 2015.
` in crore
Year ended Year ended
Summary of movement of investment in joint ventures
March 31, 2020 March 31, 2019
opening carrying value as at april 1 a 870.56 352.72
Add/(Less):
additional Investment B - 0.35
Ind-aS 116 Impact - lease C (0.27) -
Joint venture reserve movement d 0.30 -
transfer from other investment (fair valued) e - 476.10
Add: Share of profit of joint ventures
group’s share of profit for the year (net of tax)
- from continuing operation (3.85) 97.98
- from discontinued operation** 31.34 -
Margin elimination on stock - 1.23
F 27.49 99.21
other comprehensive income (net of tax) g (66.20) -
dividend received during the year H (73.52) (58.43)
exchange fluctuations I 11.95 0.61
Closing carrying value as at March 31 A to I 770.31 870.56
** includes profit arising from sale of one of the subsidiaries of tata Industries limited (a joint venture of the group).

9. (b) Other investments

As at March 31, 2020 As at March 31, 2019
Holdings Amount Holdings Amount
No of shares ` in crore No of shares ` in crore
(a) Investments in equity instruments
(Fair value through other comprehensive income)
(I) Quoted
Crystal peak Minerals Inc. 2,90,55,612 5.45 2,90,55,612 27.03
the Indian Hotels Co. ltd. 1,06,89,348 80.17 1,06,89,348 165.58
oriental Hotels ltd. 25,23,000 4.35 25,23,000 11.62
tata Investment Corporation ltd. 4,41,015 29.25 4,41,015 36.75
tata Steel ltd. 28,90,693 77.93 28,90,693 150.61
tata Steel ltd. (partly paid) 1,99,358 0.59 1,99,358 1.28
tata Motors ltd. 19,66,294 13.97 19,66,294 34.26
titan Company ltd. 1,38,26,180 1,290.97 1,38,26,180 1,578.74
Spartek Ceramics India ltd. 7,226 - 7,226 -
nagarjuna Finance ltd. 400 - 400 -
pharmaceuticals products of India limited 10,000 - 10,000 -

268 I Integrated annual report 2019-20