Page 62 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Annual Report 2020-21

Board‘s Report

TO THE MEMBERS OF TATA CHEMICALS LIMITED
The Directors hereby present their Eighty-Second (82nd) Annual Report on the performance of the Company together with the Audited
Financial Statements for the Financial Year (‘FY’) ended March 31, 2021.

1. Financial Results
` in crore
Standalone Consolidated
Particulars Year ended Year ended Year ended Year ended
March 31, 2021 March 31, 2020 March 31, 2021 March 31, 2020
Revenue from continuing operations 2,999 2,920 10,200 10,357
Profit before depreciation and finance costs 830 1,027 1,735 2,260
Depreciation and amortisation expense 197 150 760 666
Profit before finance costs 633 877 975 1,594
Finance costs 19 43 367 342
Profit before share of profit of joint ventures and tax 614 834 608 1,252
Share of profit/(loss) of joint ventures - - 26 (4)
Profit before tax 614 834 634 1,248
Tax expense 135 162 198 220
Profit from continuing operations after tax 479 672 436 1,028
Profit from discontinued operations after tax - 6,168 - 6,200
Profit for the year 479 6,840 436 7,228
Attributable to:
- Equity shareholders of the Company 479 6,840 256 7,006
- Non-controlling interests - - 180 222
Other comprehensive income (‘OCI’) 1,081 (542) 1,417 (406)
Total comprehensive income 1,560 6,298 1,853 6,822
Balance in retained earnings at the beginning of the year 5,860 5,742 6,186 5,193
Profit for the year 479 6,840 256 7,006
(attributable to equity shareholders of the Company)
Remeasurement of defined employee benefit plans (net of tax) 21 (38) 93 (27)
Dividends including tax on dividend # (280) (379) (280) (384)
Deemed dividend on demerger - (6,308) - (6,308)
Acquisition of non-controlling interests - - - 718
Others (2) 3 (1) (12)
Balance in retained earnings at the end of the year 6,078 5,860 6,254 6,186

# Dividend declared in the previous year and paid during the respective reporting year

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