Tata Steel - Global Steel Company Pioneering in Steel Manufacturing

Consolidated Balance SheetAS AT MARCH 31, 2018

(` crore)
		Note	Page	As at March 31, 2018	As at March 31, 2017
ASSETS
I	Non-current assets			-	-
	(a) Property, plant and equipment	3	301	90,322.78	86,880.59
	(b) Capital work-in-progress			16,159.80	15,514.37
	(c) Goodwill on consolidation	5	306	4,099.45	3,494.73
	(d) Other Intangible assets	6	307	1,682.66	1,631.23
	(e) Intangible assets under development			454.61	269.76
	(f) Equity accounted investments	7	309	1,781.22	1,593.94
	(g) Financial assets
	(i) Investments	8	311	1,209.28	5,190.05
	(ii) Loans	9	312	717.34	373.06
	(iii) Derivative assets			29.16	83.17
	(iv) Other financial assets	10	314	87.91	85.58
	(h) Retirement benefit assets	11	315	20,570.87	1,752.64
	(i) Income tax assets			1,152.76	981.23
	(j) Deferred tax assets	12	316	1,035.80	885.87
	(k) Other assets	13	319	2,577.14	3,661.99
	Total non-current assets			1,41,880.78	1,22,398.21
II	Current assets
	(a) Inventories	14	321	28,331.04	24,803.82
	(b) Financial assets
	(i) Investments	8	311	14,908.97	5,673.13
	(ii) Trade receivables	15	321	12,415.52	11,586.82
	(iii) Cash and cash equivalents	16	323	7,783.50	4,832.29
	(iv) Other balances with bank	17	323	154.35	88.76
	(v) Loans	9	312	256.48	224.50
	(vi) Derivative assets			150.95	104.04
	(vii) Other financial assets	10	314	599.71	387.82
	(c) Retirement benefit assets	11	315	2.91	-
	(d) Income tax assets			62.28	35.08
	(e) Other assets	13	319	3,108.98	2,207.35
	Total current assets			67,774.69	49,943.61
III	Assets held for sale	18	325	102.47	991.42
Total Assets				2,09,757.94	1,73,333.24
Equity and Liabilities
IV	Equity
	(a) Equity share capital	19	326	1,144.95	970.24
	(b) Hybrid perpetual securities	20	329	2,275.00	2,275.00
	(c) Other equity	21	329	57,450.67	34,574.08
	Equity attributable to shareholders of the Company			60,870.62	37,819.32
	Non controlling interests			936.52	1,601.70
	Total equity			61,807.14	39,421.02
V	Non-current liabilities
	(a) Financial liabilities
	(i) Borrowings	23	335	72,789.10	64,022.27
	(ii) Derivative liabilities			85.04	179.98
	(iii) Other financial liabilities	24	339	105.83	108.78
	(b) Provisions	25	339	4,338.24	4,279.69
	(c) Retirement benefit obligations	11	315	2,516.56	2,666.27
	(d) Deferred income	26	341	1,526.58	2,057.59
	(e) Deferred tax liabilities	12	316	10,569.88	10,030.08
	(f) Other liabilities	27	342	358.16	226.51
	Total non-current liabilities			92,289.39	83,571.17
VI	Current liabilities
	(a) Financial liabilities
	(i) Borrowings	23	335	15,884.98	18,328.10
	(ii) Trade payables	28	342	20,413.81	18,574.46
	(iii) Derivative liabilities			468.79	673.67
	(iv) Other financial liabilities	24	339	9,791.78	6,315.51
	(b) Provisions	25	339	1,269.64	987.38
	c) Retirement benefit obligations	11	315	110.36	95.20
	(d) Deferred income	26	341	6.21	22.52
	(e) Income tax liabilities			783.47	739.18
	(f) Other liabilities	27	342	6,932.26	4,315.27
	Total current liabilities			55,661.30	50,051.29
VII	Liabilities held for sale	18	325	0.11	289.76
Total Equity and Liabilities				2,09,757.94	1,73,333.24
Notes forming part of the consolidated financial statements		1-50

In terms of our report attached

For and on behalf of the Board of Directors

For Price Waterhouse & Co Chartered Accountants LLP

Firm Registration Number: 304026E/ E-300009.

Chartered Accountants

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N. Chandrasekaran

Chairman

DIN: 00121863

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Mallika Srinivasan

Director

DIN: 00037022

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O. P. Bhatt

Director

DIN: 00548091

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Peter Blauwhoff

Director

DIN: 07728872

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Deepak Kapoor

Director

DIN: 00162957

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Russell I Parera

Partner

Membership Number 042190

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D. K. Mehrotra

Director

DIN: 00142711

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Saurabh Agrawal

Director

DIN: 02144558

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T. V. Narendran

Chief Executive Officer and Managing Director

DIN: 03083605

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Koushik Chatterjee

Executive Director and Chief Financial Officer

DIN: 00004989

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Parvatheesam K.

Company Secretary

ACS: 15921

Mumbai, May 16, 2018