Page 292 - Tata_Chemicals_yearly-reports-2021-22

Integrated Annual Report 2021-22

` in crore
Year ended Year ended
Summarised Statement of Profit and Loss
March 31, 2022 March 31, 2021
Revenue and other income 4,418.77 2,111.21
Cost of raw material and components consumed (2,745.86) (1,226.07)
Changes in inventories of finished goods, work-in-progress and Stock-in-Trade 70.02 (19.91)
Depreciation and amortisation (53.50) (56.56)
Finance cost 2.47 (50.40)
Employee benefit expense (58.69) (53.86)
Other expenses (443.77) (398.11)
Exceptioal Item (14.05) 0.37
Profit before tax 1,175.39 306.67
Income tax expense (248.32) (54.14)
Profit for the year 927.07 252.53
Group’s share of profit for the year 308.99 84.17
Local GAAP Financial Statements are audited as at December 31 and above figures are based on audited fit for Consolidated Financial
Statements as at March 31 for respective years.
Note - ii
Tata Industries Ltd.
Summarised financial information for the Group’s investment in Tata Industries Ltd. 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 1 538.77 431.97
Group’s share of loss for the year (91.71) (57.88)
Group’s share of other comprehensive income for the year 114.02 164.17
Group’s share of adjustments in reserves - 0.51
Closing carrying value as at March 31 561.08 538.77

` in crore
As at As at
Summarised Statement of Assets and Liabilities
March 31, 2022 March 31, 2021
Non-Financial assets 908.41 2,271.50
Financial assets 5,958.25 4,136.62
Assets classified as held for sale and discontinued operations 412.88 0.01
Non-Financial liabilities (80.80) (69.35)
Financial liabilities (1,258.48) (995.62)
Liabilities directly associated with discontinued operations (397.69) -
Non-controlling interests 49.57 4.75
Net assets 5,592.14 5,347.91
Proportion of the Group’s ownership 9.13% 9.13%
Group share in carrying amount 510.82 488.51
Add: Goodwill 50.26 50.26
Carrying amount of the Group’s interest 561.08 538.77

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