Page 293 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
STATEMENTS
REPORTS
REPORT
Consolidated

` in crore
Year ended Year ended
Summarised Statement of Profit and Loss
March 31, 2022 March 31, 2021
Revenue and other income 257.78 333.81
Finance cost (69.20) (16.58)
Cost of raw material (1.20) (38.03)
Purchase of stock-in-trade (20.11) (85.59)
Changes in inventories of finished goods, work-in-progress and Stock-in-Trade 0.23 5.69
Employee benefit expense (141.14) (204.39)
Depreciation and amortisation (38.56) (122.09)
Other expenses (163.42) (121.67)
Provision for impairment of investment in subsidiaries (499.43) -
Share of loss from JV and associates (263.32) (401.03)
Loss before tax (938.37) (649.88)
Income tax expense (0.05) 2.22
Loss for the year from Continuing operations (938.42) (647.66)
Loss for the year from Dis-continued operations (110.38) -
Share of Non-controlling Interest 44.81 14.06
Loss for the year (1,003.99) (633.60)
Group’s share of loss for the year (91.71) (57.88)
Note - iii
The Block Salt Company Ltd.
Summarised financial information for the Group’s investment in The Block Salt Company Ltd. is as follows:
` in crore
Year ended Year ended
Movement of investment in joint venture
March 31, 2022 March 31, 2021
Group share in carrying amount 0.42 1.74
Group’s share of loss for the year (1.34) (0.67)

9. (b) Investments in associate
The Group’s interest in associate are accounted for using the equity method in the Consolidated Financial Statements.
Following are details of investments in associate:
Percentage of ownership Interest
Country of
Particulars As at As at
incorporation
March 31, 2022 March 31, 2021
JOil (S) Pte. Ltd. (‘Joil’) ^ Singapore 17.07% NA
^During the year, consequent to the change in shareholder’s agreement, investment in JOil (S) Pte. Ltd has been classified from Joint Venture to Associate.
Carrying amount of investment in associate
` in crore
As at As at
Particulars
March 31, 2022 March 31, 2021
JOil (S) Pte. Ltd.* - NA
Total - NA
*The Group has impaired 100% investment during the year ended March 31, 2015.

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