Page 253 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Report Statutory Reports Financial Statements
1-59 60-146 Consolidated

Carrying amount of investment in joint ventures ` in crore
As at As at
March 31, 2021 March 31, 2020
Indo Maroc Phosphore S.A. 411.38 336.07
JOil (S) Pte. Ltd.* - -
Tata Industries Ltd. 538.77 431.97
The Block Salt Company Ltd. 1.74 2.27
Total 951.89 770.31
*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, 2021 March 31, 2020
Opening carrying value as at April 1 A 770.31 870.56
Add/(Less):
Ind-AS 116 Impact - Lease B - (0.27)
Joint venture reserve movement C 0.51 0.30
Add: Share of profit of joint ventures
Group’s share of profit for the year (net of tax)
- from continuing operation 25.62 (3.85)
- from discontinued operation ** - 31.34
D 25.62 27.49
Other comprehensive income (net of tax) E 164.17 (66.20)
Dividend received during the year F (26.54) (73.52)
Exchange fluctuations G 17.82 11.95
Closing carrying value as at March 31 A to G 951.89 770.31
**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, 2021 As at March 31, 2020
Holdings Holdings
Amount
Amount
No. of ` in crore No. of ` in crore
securities securities
(a) Investments in equity instruments
(Fair value through other comprehensive income)
(i) Quoted
Crystal Peak Minerals Inc. 2,90,55,612 - 2,90,55,612 5.45
The Indian Hotels Co. Ltd. 1,06,89,348 118.49 1,06,89,348 80.17
Oriental Hotels Ltd. 25,23,000 5.75 25,23,000 4.35
Tata Investment Corporation Ltd. 4,41,015 45.67 4,41,015 29.25
Tata Steel Ltd. 30,90,051 250.87 28,90,693 77.93
Tata Steel Ltd. (Partly Paid) - - 1,99,358 0.59
Tata Motors Ltd. 19,66,294 59.34 19,66,294 13.97
Titan Company Ltd. 1,38,26,180 2,154.19 1,38,26,180 1,290.97
Spartek Ceramics India Ltd. 7,226 - 7,226 -
Nagarjuna Finance Ltd. 400 - 400 -
Pharmaceuticals Products of India Limited 10,000 - 10,000 -
Balasore Alloys Ltd. 504 * 504 *
J.K.Cement Ltd. 44 * 44 *
Total quoted investment (i) 2,634.31 1,502.68

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