Page 317 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
STATEMENTS
REPORTS
REPORT
Consolidated

% Equity Interest
Nature of
Name of the Company Country of Incorporation As at As at
Business
March 31, 2022 March 31, 2021
Cheshire Salt Holdings Limited United Kingdom Investment 100.00% 100.00%
Cheshire Salt Limited United Kingdom Investment 100.00% 100.00%
Brinefield Storage Limited United Kingdom Dormant 100.00% 100.00%
Cheshire Cavity Storage 2 Limited United Kingdom Dormant 100.00% 100.00%
Cheshire Compressor Limited United Kingdom Dormant 100.00% 100.00%
Irish Feeds Limited United Kingdom Dormant (footnote ‘ii’) 100.00%
New Cheshire Salt Works Limited United Kingdom Investment 100.00% 100.00%
Tata Chemicals (South Africa) Proprietary Limited South Africa Trading 100.00% 100.00%
Magadi Railway Company Limited Kenya Dormant 100.00% 100.00%
Alcad (footnote ‘i’) United States of America Manufacturing 50.00% 50.00%
Joint Ventures
Direct
Indo Maroc Phosphore S. A Morocco Manufacturing 33.33% 33.33%
Tata Industries Ltd. India Diversified 9.13% 9.13%
Indirect
The Block Salt Company Limited United Kingdom Manufacturing 50.00% 50.00%
(Holding by New Cheshire Salt Works Limited )
JOil (S) Pte. Ltd and its subsidiaries Singapore Manufacturing (footnote ‘iii’) 33.78%
(Holding by TCIPL)
Associate
Indirect
JOil (S) Pte. Ltd and its subsidiaries Singapore Manufacturing 17.07% NA
(Holding by TCIPL)
Footnotes:
(i) A general partnership formed under the laws of the State of Delaware (USA).
(ii) Dissolved /liquidated during the year.
(iii) 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.

39. Leases
` in crore
As at As at
Particulars
March 31, 2022 March 31, 2021
Maturity analysis – contractual undiscounted cash flows
Less than one year 104.53 100.45
One to five years 115.77 142.31
More than five years 75.23 82.51
Total undiscounted lease liabilities 295.53 325.27
Discounted Cash flows
Current 86.92 91.98
Non-Current 135.04 188.60
Lease liabilities 221.96 280.58
Expenses relating to short-term leases and low value assets have been disclosed under rent in note 33(e).
The incremental borrowing rate of 1.20% per annum to 13.00% per annum (2021: 1.20% per annum to 13.00% per annum) has been
applied to lease liabilities recognised in the Consolidated Balance Sheet.

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