Page 191 - Tata_Chemicals_yearly-reports-2017-18

40. Commitments

` in crore
Particulars As at As at
31 March, 2018 31 March, 2017
Estimated amount of contracts remaining to be executed on capital account and not provided
for 167.81 88.06
Commitment towards partly paid investment 9.19 -
The above commitments include ` 1.01 crore (2017: ` 1.88 crore) relating to discontinued operations.

41. Contingent liabilities and assets
41.1 Contingent liabilities

(a) Claims not acknowledged by the Company relating to cases contested by the Company and which, in the opinion of the Management, Integrated Report
are not likely to devolve on the Company relating to the following areas:
` in crore
Particulars As at As at
31 March, 2018 31 March, 2017
(i) Excise, Customs and Service Tax 42.43 27.70
(ii) Sales Tax 37.97 36.93
(iii) Demand for utility charges 14.47 11.02
(iv) Labour and other claims against the Company not acknowledged as debt 23.08 22.05
(v) Income Tax (pending before Appellate authorities in respect of which the Company is in
appeal) 451.20 274.53
(vi) Income Tax (decided in Company’s favor by Appellate authorities and Department is in
further appeal) 47.15 47.15
(vii) Contractual obligation upto 100.11 - Statutory Reports
Item (i) to (vii)) above includes ` 136.65 crore (upto) (2017: `45.37 crore) relating to discontinued operations.
(b) Guarantees provided by the Company to third parties on behalf of subsidiaries aggregates USD 124.80 million & GBP 2.76 million
(` 838.82 crore) (2017: USD 408.40 million & GBP 2.76 million (` 2,670.77 crore)).
41.2 Contingent assets
` in crore
Particulars As at As at
31 March, 2018 31 March, 2017
(i) Income Tax (pending before Appellate authorities in respect of which the Company is
in appeal) 87.02 87.02
(ii) Legal cases - 0.24
$SSURYDO RI ȴQDQFLDO VWDWHPHQWV Financial Statements

The financial statements were approved for issue by the board of directors on 18 May, 2018.

Signatures to notes forming part of the financial statements 1 - 42
As per our report of even date attached For and on behalf of the Board
For B S R & Co. LLP Bhaskar Bhat Director
Chartered Accountants Nasser Munjee Director
Firm’s Registration No: 101248W/W - 100022 Dr. Y. S. P. Thorat Director
Vibha Paul Rishi Director
S. Padmanabhan Director
Padmini Khare Kaicker Director
Vijay Mathur John Mulhall Chief Financial Officer R. Mukundan Managing Director and CEO
Partner Rajiv Chandan General Counsel & Zarir Langrana Executive Director
Membership No. 046476 Company Secretary
Mumbai, 18 May, 2018

Standalone Financial Statements 189