Profit & Loss account of Tata Steel

Mar '11 12 mths Income Sales Turnover Excise Duty Net Sales Other Income Stock Adjustments Total Income Expenditure Raw Materials Power & Fuel Cost Employee Cost Other Manufacturing Expenses Selling and Admin Expenses Miscellaneous Expenses Preoperative Exp Capitalised Total Expenses 9,395.92 1,558.49 2,618.27 2,905.16 501.96 1,529.73 -198.78 18,310.75 Mar '11 12 mths Operating Profit PBDIT Interest PBDT Depreciation 11,170.25 12,606.05 1,686.27 10,919.78 1,146.19 31,901.94 2,594.59 29,307.35 1,435.80 173.65 30,916.80

------------------- in Rs. Cr. ------------------Mar '10 12 mths

26,757.60 1,816.95 24,940.65 1,241.08 -134.97 26,046.76

8,356.45 1,383.44 2,361.48 2,419.89 417.90 1,287.04 -326.11 15,900.09 Mar '10 12 mths 8,905.59 10,146.67 1,848.19 8,298.48 1,083.18

Other Written Off Profit Before Tax Extra-ordinary items PBT (Post Extraord Items) Tax Reported Net Profit Total Value Addition Preference Dividend Equity Dividend Corporate Dividend Tax Per share data (annualised) Shares in issue (lakhs) Earning Per Share (Rs) Equity Dividend (%) Book Value (Rs)

0.00 9,773.59 0.00 9,773.59 2,912.44 6,865.69 8,914.83 0.00 1,151.06 156.71 9,592.14 71.58 120.00 503.19

0.00 7,215.30 0.00 7,215.30 2,168.50 5,046.80 7,543.64 45.88 709.77 122.80 8,872.14 56.37 80.00 418.94

Balance sheet of Tata Steel

Mar ' 11 Mar ' 10

Sources of funds
Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus 959.41 178.20 47,307.02 2,009.20 26,291.94 76,745.77 887.41 36,281.34 2,259.32 22,979.88 62,407.95

Loan funds
Secured loans Unsecured loans Total

Uses of funds
Fixed assets Gross block Less : revaluation reserve Less : accumulated depreciation 22,846.26 11,041.16 22,306.07 10,143.63

Net block Capital work-in-progress Investments

Mar ' 11 11,805.10 6,969.38 46,564.94

Mar ' 10 12,162.44 3,843.59 44,979.67

Net current assets

Current assets, loans & advances Less : current liabilities & provisions Total net current assets Miscellaneous expenses not written Total 25,337.37 13,931.02 11,406.35 76,745.77 13,425.27 12,003.02 1,422.25 62,407.95

Notes:
Book value of unquoted investments Market value of quoted investments Contingent liabilities Number of equity sharesoutstanding (Lacs) 45,899.97 4,914.95 12,582.24 9592.14 44,243.24 4,397.79 13,184.61 8872.14

Gross Working Capital Gross working capital refers to the amount which the company has invested into the current assets; current asset includes cash, stock, debtors or anything which can be converted into cash within a year. Current assets Raw material Net current assets Gross Working Capital

1039.47 14337.82 15377.29Rs.Cr

Net Working Capital Net working capital refers to the difference between the current assets and current liabilities of the company, current asset as explained above will be same and current liabilities include trade creditors, bills payable, outstanding expenses or any debt which company has to pay within a year. Current liability Tax 743.94 Equity dividend 441.29 Unsecured loans 3312.06 Total current liability 4497.29 Net Working Capital 10880Rs.Cr

Operating Cycle The time between the purchase of an asset and its sale, or the sale of a product made from the asset. Most companies desire short operating cycles because it creates cash flow to cover the company's liabilities. A long operating cycle often necessitates borrowing and thereby reduces profitability. Cash cycle The length of time between the purchase of raw materials and the collection of accounts receivable generated in the sale of the final product also called cash conversion cycle.