SENSEX NIFTY
Moneycontrol.com India | Notes to Account > Auto - LCVs/HCVs > Notes to Account from Tata Motors - BSE: 500570, NSE: TATAMOTORS
YOU ARE HERE > MONEYCONTROL > MARKETS > AUTO - LCVS/HCVS > NOTES TO ACCOUNTS - Tata Motors
Tata Motors
BSE: 500570|NSE: TATAMOTORS|ISIN: INE155A01022|SECTOR: Auto - LCVs/HCVs
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
LIVE
BSE
Sep 19, 16:00
519.00
-6.6 (-1.26%)
VOLUME 326,616
LIVE
NSE
Sep 19, 15:59
518.90
-6.5 (-1.24%)
VOLUME 5,132,096
« Mar 13
Notes to Accounts Year End : Mar '14
(Rs. in crores)
 
                                                     As at         As at
 
 1.  Contingent liabilities, commitments 
 (to the extent not provided for)                 March 31,     March 31,
                                                      2014          2013
 
 Description of claims and assertions where 
 a potential loss is possible, but not 
 probable is reported under note (1) and 
 (2) below:
 
 1 Claims against the Company not acknowledged
 as debts
 
 (i) Sales tax - Gross                              869.50         353.54
 
 - Net of tax                                       573.96         238.84
 
 (ii) Excise duty - Gross                           856.67         867.35
 
 - Net of tax                                       565.49         585.94 
 
 (iii) Others - Gross                               250.34         173.90
 
 - Net of tax                                       157.52         117.48 
 
 (iv) IncomeTax in respect of matters pending
 in appeal /others                                   92.58          95.20
 
 2 The claims / liabilities in respect of
 excise duty, sales tax and other matters 
 where the issues were decided in favour of 
 the Company for which the Department is in
 further appeal                                      71.42          70.80
 
 3 Other money for which the Company is 
 contingently liable in respect of bills
 discounted and export sales on deferred credit     348.39         204.30
 
 4 Estimated amount of contracts remaining to
 be executed on capital account and not
 provided for                                     1,629.65       1,526.11
 
 5 Purchase commitments                           9,597.72      12,142.44
 
 2.  Other notes
 
 (i) Capital Work-in-progress as at March 31,2014 includes building
 under construction at Singur in West Bengal of Rs.309.88 crores for the
 purposes of manufacturing automobiles. In October 2008, the Company
 moved the Nano project from Singur in West Bengal to Sanand in Gujarat.
 In June 2011, the newly elected Government of West Bengal (State
 Government) enacted a legislation to cancel land lease agreement. The
 Company challenged the legal validity of the legislation. In June 2012,
 the High Court of Calcutta ruled against the validity of the
 legislation and restored Company''s rights under the land lease
 agreement. The State Government filed an appeal in the Supreme Court of
 India, which is pending disposal. Based on management''s assessment no
 provision is considered necessary to the carrying cost of buildings at
 Singur.
 
 (ii) The Company has substantially completed the process of divesting
 its investments in certain foreign subsidiary companies to TML Holding
 Pte Ltd, Singapore, a wholly owned subsidiary. Conseguently, the year
 ended March 31, 2014 includes a profit of Rs.1,966.12 crores on such
 divestment (Rs. Nil for the year ended March 31,2013).
 
 (iii) During FY 2012-13, the Company sold the Forge division at
 Jamshedpur to its wholly-owned subsidiary, TML Drivelines Ltd on a
 slump sale basis for a consideration of X110 crores vide an agreement
 dated March 28,2013.
Source : Dion Global Solutions Limited
Quick Links for tatamotors
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.