EMPLOYEES
Total Payroll and benefits (EC5)

* Wages & Benefits -Rs.13515.1 Million in 05-06 (Rs.12910 Million in 04-05)
* Early Separation Scheme -Rs. 528 Million in 05-06 (Rs. 1190 Million in 04-05)

PROVIDERS OF CAPITAL
Distribution to providers of capital broken down by interest on debts and borrowings, and dividends on all classes of shares with any arrears of preferred dividends to be disclosed (EC6)

1. Interest on debts and borrowings Rs.1184 Million against Rs.1868 Million during 04-05.

2. Dividends - Rs. 8204 Million against Rs. 8214 Million during 04-05.

The Board has declared a dividend on Ordinary Share @ 130% (Rs.13.0 per share) for the year ended 31.03.06. The dividend was paid on 553,472,856 Ordinary Shares at Rs.13.0 per share.

Retained earnings at end of reporting period (EC7)
Retained earnings are given in Table 4.5.

Table-4.5: Retained Earnings

  04-05 (Rs. Million) 05-06 (Rs. Million)
Retained earnings 32725 34610
Increase in retained earnings 13184 1885

PUBLIC SECTOR
Taxes paid to the Government (EC8)

The total sum of taxes like sales tax, excise duty, wealth tax, etc. paid by the organization during the reporting period is Rs. 37390 Million against Rs. 32010 Million during 04-05. A break-up by region is not available.

Subsidies received (EC9)
The organization has not received any government subsidy, tax break, duty drawback, government benefits, etc. during the reporting period.

Donations to community, civil society and other groups (EC10)
The total donations to the community, civil society and other groups during the reporting period were – Rs.75.72 Million against Rs.48.72 Million during 04-05.

Spent on community infrastructure development (EC12)
In the year gone by, it has rendered service to victims of the Tsunami and the devastating floods in Orissa. Through the Tata Relief Committee, the Company provided relief to over 10, 000 families by setting up relief camps and undertaking rehabilitation and reconstruction projects including building 100 ‘in-situ’ houses in the fishermen’s colony and 800 housing units in Nagapattinam. Tata Steel in coordination with the District Administration responded with immediate relief services in four blocks in the Jajpur District of Orissa when 2400 families were affected by heavy rainfall in the area.

INDIRECT ECONOMIC IMPACT
Indirect economic impact of business (EC13)

Tata Steel has not made any attempt to map and value its economic externalities, but recognizes that by virtue of the nature of its operations there are several economic externalities. Tata Steel has created a township and other allied infrastructure, which have created redistribution of income and benefits. Although there is no established methodology to capture the indirect impact, there are several institutions and organizations in and around Tata Steel supported by the Company both in terms of skilled manpower (employees as members, executives and directors), sourcing of goods and services and also financial support. These organizations employ thousands of people who are indirectly benefited by the organization’s products and services. Such organizations include Small Scale Industries, Rotary Clubs of Jamshedpur, Lions Clubs of Jamshedpur, Artificial Limb Fitting Centre, Arogya Bhawan, 2 Hospitals, 10 English Medium Public Schools, Transport Nagar, Jamshedpur Sports Association, Tata Steel Zoological Society (TSZS), Tata Steel Rural Development Society (TSRDS), Tribal Cultural Society (TCS), Credit Societies, Pay Roll Savings, RD Tata Technical Institute, etc.