Page 291 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
REPORT
STATEMENTS
REPORTS
Consolidated

₹ in crore
Year ended Year ended
Summary of movement of investment in joint ventures
March 31, 2022 March 31, 2021
Opening carrying value as at April 1 A 951.89 770.31
Add/(Less):
Joint venture reserve movement B - 0.51
Add: Share of profit/(loss) of joint ventures
Group’s share of profit/(loss) for the year (net of tax)
- from continuing operation 226.02 25.62
- from discontinued operation ** (10.08) -
C 215.94 25.62
Other comprehensive income (net of tax) D 114.02 164.17
Dividend received during the year E (27.20) (26.54)
Exchange fluctuations F (20.93) 17.82
Closing carrying value as at March 31 A to F 1,233.72 951.89
** includes loss arising from Tata Industries Limited (a joint venture of the Group).

Summarised financial information of joint ventures
Note - i
Indo Maroc Phosphore S.A.
Summarised financial information for the Group’s investment in Indo Maroc Phosphore S.A. is as follows:
` in crore
Year ended Year ended
Movement of investment in joint venture
March 31, 2022 March 31, 2021
Opening carrying value as at April 1 411.38 336.07
Group’s share of profit for the year 308.99 84.17
Dividend received for the year (27.20) (26.54)
Exchange fluctuations (20.95) 17.68
Closing carrying value as at March 31 672.22 411.38

` in crore
As at As at
Summarised Statement of Assets and Liabilities
March 31, 2022 March 31, 2021
Current assets 2,600.64 1,124.29
Non-current assets 292.28 303.10
Current liabilities (1,166.05) (479.26)
Non-current liabilities (52.31) (56.16)
Net assets 1,674.56 891.97
Proportion of the Group’s ownership 33.33% 33.33%
Group share in carrying amount 558.13 297.29
Add: Goodwill 114.09 114.09
Carrying amount of the Group’s interest 672.22 411.38

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