Tata Steel - Global Steel Company Pioneering in Steel Manufacturing

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	03	211	70,942.90	71,778.97
	(b) Capital work-in-progress			5,641.50	6,125.35
	(c) Intangible assets	05	215	786.18	788.18
	(d) Intangible assets under development			31.77	38.61
	(e) Investments in subsidiaries, associates and joint ventures	06	216	3,666.24	3,397.83
	(f) Financial assets
	(i) Investments	07	219	5,970.32	4,958.07
	(ii) Loans	08	223	213.50	211.97
	(iii) Derivative assets			12.13	0.12
	(iv) Other financial assets	09	225	21.21	79.49
	(g) Income tax assets (net)			1,043.84	867.75
	(h) Other assets	11	229	2,140.84	3,108.67
	Total non-current assets			90,470.43	91,355.01
II	Current assets
	(a) Inventories	12	231	11,023.41	10,236.85
	(b) Financial assets
	(i) Investments	07	219	14,640.37	5,309.81
	(ii) Trade receivables	13	231	1,875.63	2,006.52
	(iii) Cash and cash equivalents	14	233	4,588.89	905.21
	(iv) Other balances with bank	15	233	107.85	65.10
	(v) Loans	08	233	74.13	27.14
	(vi) Derivative assets			30.07	6.26
	(vii) Other financial assets	09	225	480.62	315.06
	(c) Other assets	11	229	1,822.94	1,238.45
	Total current assets			34,643.91	20,110.40
TOTAL ASSETS				1,25,114.34	1,11,465.41
EQUITY AND LIABILITIES
III	Equity
	(a) Equity Share Capital	16	234	1,146.12	971.41
	(b) Hybrid Perpetual Securities	17	237	2,275.00	2,275.00
	(c) Other equity	18	237	60,368.72	48,687.60
	Total equity			63,789.84	51,934.01
IV	Non-current liabilities
	(a) Financial liabilities
	(i) Borrowings	19	241	24,568.95	24,694.37
	(ii) Derivative liabilities			70.08	179.33
	(iii) Other financial liabilities	20	244	19.78	18.22
	(b) Provisions	21	244	1,961.21	2,024.74
	(c) Retirement benefit obligations	22	245	1,247.73	1,484.21
	(d) Deferred income	23	246	1,365.61	1,885.19
	(e) Deferred tax liabilities (net)	10	226	6,259.09	6,111.27
	(f ) Other liabilities	24	246	224.71	77.74
	Total non-current liabilities			35,717.16	36,475.07
V	Current liabilities
	(a) Financial liabilities
	(i) Borrowings	19	241	669.88	3,239.67
	(ii) Trade payables	25	247	11,242.75	10,717.44
	(iii) Derivative liabilities			16.41	270.17
	(iv) Other financial liabilities	20	244	6,541.40	4,062.35
	(b) Provisions	21	244	735.28	700.60
	(c) Retirement benefit obligations	22	245	90.50	56.58
	(d) Income tax liabilities (net)			454.06	465.72
	(e) Other liabilities	24	246	5,857.06	3,543.80
	Total current liabilities			25,607.34	23,056.33
TOTAL EQUITY AND LIABILITIES				1,25,114.34	1,11,465.41
NOTES FORMING PART OF THE FINANCIAL STATEMENTS		1-44

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

sd/-

N. Chandrasekaran

Chairman

DIN: 00121863

sd/-

Mallika Srinivasan

Director

DIN: 00037022

sd/-

O. P. Bhatt

Director

DIN: 00548091

sd/-

Peter Blauwhoff

Director

DIN: 07728872

sd/-

Deepak Kapoor

Director

DIN: 00162957

sd/-

Russell I Parera

Partner

Membership Number 042190

sd/-

D. K. Mehrotra

Director

DIN: 00142711

sd/-

Saurabh Agrawal

Director

DIN: 02144558

sd/-

T. V. Narendran

Chief Executive Officer and Managing Director

DIN: 03083605

sd/-

Koushik Chatterjee

Executive Director and Chief Financial Officer

DIN: 00004989

sd/-

Parvatheesam K.

Company Secretary

ACS: 15921

Mumbai, May 16, 2018