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File: AR_TCS_2014_2015.md # TATA CONSULTANCY SERVICES # Experience certainty: TATA DIGITAL # DEFAULT ANNUAL REPORT 2015 2014 NO_CONTENT_HERE # Board of Directors # Highlights # Memories of the Year # 10 Years since the IPO # Our Leadership Team # Letter from the CEO # Digital Opportunity # Digital Talent Building # Dig... |
# 04 ITCS Annual Report2014-15 # our revenue in FY05 9,748 cr In FY10, it tripled and in FY15 it is almost 10 times (Revenues as of March 31, 2015: 94,648 cr) # 5 Trillion our market cap (Market cap as of March 31, 2015: 850 5,002,493 mn*) the price per share when we went public Today, it is approximately 10,000 (Retur... |
Your Company has been at the leading edge of the Digital revolution since its inception and has been investing steadily across the spectrum of technologies and domain-led solutions. We anticipated Digital as being a significant transformation opportunity for all our clients across many dimensions of their business. Goi... |
With warm regards N Chandrasekaran Chief Executive Officer and Managing Director May 21, 2015 08 I TCS Annual Report 2014-15 # AI & SOCIAL MEDIA # MOBILITY & PERVASIVE COMPUTING # CLOUD # ANALYTICS & BIG DATA # The Self-Optimising Supply Chain - Complete and real-time visibility on the supply and demand sides - Agility... |
It is also a tool to connect and collaborate with new employees and the concerned internal stakeholders as well as with internal systems and processes. By providing a uniform platform across all countries to complete pre-joining formalities, iBegin strives to make the joining process more streamlined, leading to greate... |
# Smart Fitness Tracking Applications for Marathons As a partner to many well-known marathons and races in the world, TCS is committed to promoting a healthy lifestyle amongst its employees and in the communities it operates in. To further help athletes and runners in honing their skills and their timings, TCS has depl... |
Appointment of Auditors To consider and if thought fit to pass with or without modification(s) the following resolution as an Ordinary Resolution: "RESOLVED that pursuant to the provisions of Section 139 and all other applicable provisions, if any, of the Companies Act, 2013 and the Rules framed thereunder, as amended ... |
Appointment of Branch Auditors To consider and if thought fit to pass with or without modification(s) the following resolution as an Ordinary Resolution: "RESOLVED that pursuant to the provisions of Section 143(8) and other applicable provisions, if any, of the Companies Act, 2013 ("Act"), as amended from time to time,... |
Members seeking any information with regard to the Accounts, are requested to write to the Company at an early date, so as to enable the Management to keep the information ready at the Meeting. # 10. Transfer of Unclaimed / Unpaid amounts to the Investor Education and Protection Fund (IEPF): Pursuant to Sections 205A a... |
Parikh & Associates at 11th Floor, Air India Building, Nariman Point, Mumbai - 400 021 not later than Monday, June 29, 2015 (5:00 p.m. IST). Ballot Form received after this date will be treated as invalid. 19. The instructions for e-voting are as under: 1. In case a Member receives an e-mail from NSDL (for Members whos... |
The Scrutinizer shall, immediately after the conclusion of voting at the general meeting, would count the votes cast at the meeting, thereafter unblock the votes cast through remote e-voting in the presence of at least two witnesses not in the employment of the Company and make, not later than three days of conclusion ... |
He was responsible for formulating and deploying TCS' full services strategy, expanding the plethora of Company's service offerings, including IT services, IT Infrastructure, Consulting, e-Business, Enterprise Solutions, Remote Infrastructure Management, Business Process Outsourcing and Assurance Services across variou... |
Commission: In addition to Salary, Benefits, Perquisites and Allowances, the CEO & MD would be paid such remuneration by way of Commission, calculated with reference to the net profits of the Company in a particular financial year, as may be determined by the Board of the Company, subject to the overall ceilings stipul... |
The Board has also appointed her as an Executive Director (ED) effective the same date, for a period of three years, subject to the approval of the Members. As per the provisions of Section 161(1) of the Act, she holds office of Additional Director only up to the date of the forthcoming Annual General Meeting of the Co... |
Commission: In addition to Salary, Benefits, Perquisites and Allowances, the Executive Director would be paid such remuneration by way of Commission, calculated with reference to the net profits of the Company in a particular financial year, as may be determined by the Board of the Company subject to the overall ceilin... |
The Members are requested to authorize the Board of Directors of the Company to appoint branch auditors in consultation with the Company's Auditors and fix their remuneration. The Board commends the Resolution at Item No. 8 for approval by the Members. None of the Directors or key managerial personnel or relatives of d... |
Dividend Based on the Company's performance, the directors are pleased to recommend for approval of the members a final dividend of ` 24 per share for the financial year 2014-15 taking the total dividend to ` 79 per share (previous year ` 32 per share), including a special dividend of ` 40 per share. The final dividend... |
From self-defence classes to using technology to track vehicles transporting our employees, this initiative promotes several other safety campaigns across the organization to improve safety awareness. Each and every TCSer is urged to reflect on the need to ensure personal safety and security at all times and make sure ... |
Pursuant to an Order of the High Court of Judicature at Bombay, a meeting of the equity shareholders of the Company has been scheduled on April 28, 2015, for the purpose of seeking approval of the shareholders for the Scheme. The shareholders of CMC have, at their meeting held on March 5, 2015, duly approved the Scheme... |
Based on the framework of internal financial controls and compliance systems established and maintained by the Company, work performed by the internal, statutory and secretarial auditors and external consultants and the reviews performed by management and the relevant board committees, including the audit committee, th... |
The Board and the Nomination and Remuneration Committee ("NRC") reviewed the performance of the individual directors on the basis of the criteria such as the contribution of the individual director to the Board and committee meetings like preparedness on the issues to be discussed, meaningful and constructive contribut... |
N. Chandrasekaran|416.51| | |Ms. Aarthi Subramanian (w.e.f. March 12, 2015)*|-| | *Since this information is for part of the year, the same is not comparable. # 34 Directors' Report # b. The percentage increase in remuneration of each director, chief executive officer, chief financial officer, company secretary in the ... |
The statement containing particulars of employees as required under Section 197(12) of the Act read with Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is provided in a separate annexure forming part of this report. Further, the report and the accounts are being sent to t... |
TCS iCity Lab, in collaboration with Singapore Management University has achieved its major research objectives across the intelligent city domain, including citizen frameworks for ageing and chronic disease management, as well as personalised community healthcare services. To enable better user experience TCS' 'Access... |
Details of contracts or arrangements or transactions not at arm's length basis: Tata Consultancy Services Limited (TCS) has not entered into any contract or arrangement or transaction with its related parties which is not at arm's length during financial year 2014-15. 2. Details of material contracts or arrangement or ... |
We hereby declare that implementation and monitoring of the CSR policy are in compliance with CSR objectives and policy of the Company. N. Chandrasekaran Chief Executive Officer and Managing Director Cyrus Mistry Chairman, Corporate Social Responsibility Committee Mumbai April 16, 2015 Directors' Report 41 # 5(c) Manne... |
60, Anson Road, # 18-01, Mapletree Anson Singapore 079914|- do -|- do -|100|2(87)| |13.|Tata Consultancy Services Malaysia Sdn Bhd Level 8, Symphony House, Block D13, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia|- do -|- do -|100|2(87)| |14.|Tata Consultancy Services (Chin... |
(04) Floor 3, 10 Futong East Street, Chaoyang District, Beijing, Postcode 100102, Peoples Republic of China|- do -|- do -|100|2(87)| |47.|TCS Iberoamerica SA Colonia 1329; piso 3, Montevideo, Uruguay.|- do -|- do -|100|2(87)| |48.|TCS Solution Center S.A. Ruta 8 km 17500, Zonamerica, Ed 60, Ecuador|- do -|- do -|100|2(... |
Clearing Members / Clearing House|Demat: 2,041,929 Physical: 0 Total: 2,041,929|Demat: 817,539 Physical: 0 Total: 817,539|0.104|-0.063| |Sub-total (B) (2)|Sub-total (B) (2)|Sub-total (B) (2)|Sub-total (B) (2)|Sub-total (B) (2)| | |Demat: 89,498,287 Physical: 1,288,922 Total: 90,787,209|Demat: 86,186,943 Physical: 1,221... |
of shares: 23,316,367 % of total shares of the company: 1.19|No. of shares: 21,945,979 % of total shares of the company: 1.12| |3.|Abu Dhabi Investment Authority|No. of shares: 15,254,486 % of total shares of the company: 0.78|No. of shares: 16,325,578 % of total shares of the company: 0.83| |4.|Oppenheimer Developing ... |
No.|Folio/Beneficiary Account no|Name of the ShareHolder|Date|Reason|Shareholding at the beginning of the year|Cumulative Shareholding during the year| |---|---|---|---|---|---|---| |1.|IN300183-11011075|Mr. Rajesh Gopinathan|1-Apr-2014|At the beginning of the year|No. of shares: 130 % of total shares of the company: 0... |
MR-3 # SECRETARIAL AUDIT REPORT # FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2015 (Pursuant to Section 204 (1) of the Companies Act, 2013 and rule No.9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014) To, The Members, Tata Consultancy Services Limited We have conducted the secretarial ... |
Amalgamation of CMC Limited (a subsidiary of the Company) with the Company. For Parikh & Associates Company Secretaries P.N. Parikh Mumbai Partner April 16, 2015 FCS No: 327 CP No: 1228 This Report is to be read with our letter of even date which is annexed as Annexure A and forms an integral part of this report. # 'An... |
Customers' trust in the Company is driving strong financial results and elevated positioning on the global platform. TCS continues to remain India's most valuable company and it's also among world's most valuable IT services companies. # 3.2. Capabilities: TCS offers domain solutions and consulting to its customers in ... |
TCS is refining a process that observes the customer value chain, brainstorms and then brings out the best options for implementation. Academic alliances with renowned schools have been forged to enable this. With the maturity of technologies around the 'Internet of Things', TCS has scaled up its efforts in the area. I... |
The CodeVita contest had over 49,000+ teams from 19 countries registered and the winners were from UK, India and Peru. TCS invests on academic interface programme (AIP) initiatives for improving employability of students, developing faculty for academic institutes, and developing curricula as per industry requirements.... |
Depressed economic outlook in key markets can impact this spending and thereby constrain the Company's growth potential.| |Business model changes|* Focus investment in creating intellectual property in 'Software-as-a-Service' and cloud platforms * Research and Innovation in services-as-a-software and neuroscience-based... |
The amount of dividend appropriated (excluding special dividend) has increased 14 times in the last eleven years. In fiscal 2015, the payout ratio including special dividend and net dividend distribution tax was 91%. # Cash usage |Dividends paid|Capex|Acquisitions, etc.|Invested funds|Dividends|Special dividends|Divide... |
# Revenue by Geography |Geography|Fiscal 2015 (` crores)|% of Revenue|% Growth|Fiscal 2014 (` crores)|% of Revenue| |---|---|---|---|---|---| |North America|49,085.94|51.86|13.14|43,385.87|53.03| |UK|15,783.29|16.68|10.75|14,251.38|17.42| |Europe|10,946.34|11.57|19.22|9,181.32|11.22| |Asia Pacific|8,834.63|9.33|49.48|5... |
Ž increase in profit on redemption of mutual funds, from ` 173.09 crores in fiscal 2014 to ` 233.10 crores in fiscal 2015. # Foreign exchange forward, option and futures contracts TCS enters into foreign exchange forward, option and futures contracts to manage its exposure to exchange rate fluctuations, in accordance w... |
The following table presents each industry segment's revenue as a percentage of total revenue and each industry segment's result, i.e., operating profit (excluding unallocated expenses) as a percentage of total segment result. | |Fiscal 2015|Fiscal 2014|Fiscal 2015|Fiscal 2014|% growth| | | | |---|---|---|---|---|---|-... |
Retailers are focusing on building a data-driven enterprise to make informed decisions. This also requires them to invest in ramping up security and data protection tools and processes. To support the above focus areas of our retail clients, TCS is investing significantly in building differentiated products, solutions ... |
# Reserves and surplus For the purpose of consolidation of subsidiaries with the financial statement of the holding company, income and expenses are translated at average rates and the assets and liabilities are stated at closing rate. Use of such different rates for translation gives rise to exchange difference which ... |
Income received in advance represents advance billings to customers not recognised as revenue - increase in advance received from customers ` 130.76 crores as at March 31, 2015 (` 62.81 crores as at March 31, 2014) - increase in other liabilities to ` 135.62 crores, mainly on account of (1) current maturities of financ... |
Investible funds went up by ` 1,185.42 crores (` 22,187.89 crores as at March 31, 2014 to ` 23,373.31 crores as at March 31, 2015), mainly driven by: - increase in deposits with banks by ` 2,246.79 crores - increase in cash and bank balances by ` 865.59 crores - offset by (a) decrease in investments of ` 1,771.96 crore... |
Management Discussion and Analysis 79 # Annual Report 2014-15 # CASH FLOW -- CONSOLIDATED The Company's cash flows from operating, investing and financing activities, as reflected in the consolidated statement of cash flow, is summarised in the table below: # Summary of cash flow statement: | |Fiscal 2015|Fiscal 2014| ... |
# Management Discussion and Analysis # TCS'S PERFORMANCE TREND (INDIAN GAAP CONSOLIDATED) # PERFORMANCE SUMMARY | |Fiscal 2015*|Fiscal 2015**|Fiscal 2014|Fiscal 2013|Fiscal 2012|Fiscal 2011|Fiscal 2010|Fiscal 2009|Fiscal 2008|Fiscal 2007|Fiscal 2006| |---|---|---|---|---|---|---|---|---|---|---|---| |Total revenue|94,6... |
Management Discussion and Analysis 83 # Annual Report 2014-15 # DISCUSSIONS ON FINANCIAL PERFORMANCE - UNCONSOLIDATED The following table gives an overview of the financial results of TCS Limited: | |Fiscal 2015 - as reported|Fiscal 2015 - excluding one-time employee reward|Fiscal 2014| |---|---|---|---| |Revenue from ... |
The increase was spread across all asset groups, mainly attributable to freehold buildings, computers, electrical installation, leasehold improvements and furniture and fixtures. # Exceptional Item In fiscal 2015, as mentioned earlier, there is a one-time credit item of ` 528.38 crores shown under the head 'exceptional... |
Deferred tax liability or asset is recognised on timing difference being the difference between taxable income and accounting income that originate in one period and is likely to reverse in one or more subsequent periods. Such timing differences resulting in deferred tax liability or asset usually arise from items like... |
# Management Discussion and Analysis # Current investments and non-current investments | |As at March 31, 2015|As at March 31, 2014|As at March 31, 2015|As at March 31, 2014|As at March 31, 2015|As at March 31, 2014| |---|---|---|---|---|---|---| |Current investments|747.47|733.87|2,651.23|5,098.55|3,398.70|5,832.42| |... |
During fiscal 2015, cash provided by investing activity was primarily attributable to: - mutual funds (net) ₹ 2,451.06 crores in fiscal 2015 (purchase of mutual funds (net) ₹ 1,485.84 crores in fiscal 2014) - inter-corporate deposits (net) ₹ 103.00 crores in fiscal 2015 (₹ 866.77 crores used in fiscal 2014) - interest ... |
Company's Philosophy on Code of Governance Effective corporate governance practices constitute the strong foundation on which successful commercial enterprises are built to last. The Company's philosophy on corporate governance oversees business strategies and ensures fiscal accountability, ethical corporate behaviour ... |
The Board periodically reviews compliance reports of all laws applicable to the Company, prepared by the Company. # Annual Report 2014-15 # III. Committees of the board # A. Audit committee 1. The audit committee of the Company is constituted in line with the provisions of Clause 49 of the Listing Agreements entered in... |
Approval of appointment of CFO; The audit committee may call for the comments of the auditors about internal control systems, the scope of audit, including the observations of the auditors and review of financial statement before their submission to the board and may also discuss any related issues with the internal an... |
The composition of the nomination and remuneration committee and the details of meetings attended by its members are given below: |Name|Category|Number of meetings during the financial year 2014-15| |---|---|---| |Mr. Aman Mehta (Chairman)|Independent, Non-Executive|4 Held, 4 Attended| |Mr. V. Thyagarajan|Independent, ... |
The Company had a shareholders / investors grievance committee of directors to look into the redressal of complaints of investors such as transfer or credit of shares, non-receipt of dividend / notices / annual reports, etc. The nomenclature of the said committee was changed to stakeholders' relationship committee in t... |
The above matters were discussed in various board meetings held during the year with the presence of the executive committee members with intent to avail expertise of all the board members. # iv. Software technology parks of India (STPI) / special economic zone (SEZ) committee: The Company has a STPI / SEZ committee of... |
The board has approved a policy for related party transactions which has been uploaded on the Company's website at the following link- TCS Related Party Transactions Policy # ii. Details of non-compliance by the Company Details of non-compliance by the Company, penalties, strictures imposed on the Company by the stock ... |
Financial Calendar: |Year ending|: March 31| |---|---| |AGM in|: June| |Dividend payment|: The final dividend, if declared, shall be paid / credited on or after July 7, 2015.| # iii. Date of book closure / record date : As mentioned in the Notice of the AGM to be held on June 30, 2015. # iv. Listing on stock exchanges ... |
Distribution of equity shareholding as on March 31, 2015: |Number of shares|Holding to capital|Percentage|Number of Accounts|Percentage to total accounts| |---|---|---|---|---| |1 - 100|1,93,05,278|0.98|5,14,665|83.44| |101 - 500|1,81,47,838|0.92|83,507|13.54| |501 - 1000|72,52,272|0.37|10,198|1.65| |1001 - 5000|1,29,1... |
# a) For shareholders of erstwhile TCS e-Serve Limited (e-Serve) which has merged with the Company: The following table gives information relating to outstanding dividend accounts and the dates by which they can be claimed by the shareholders: |Financial year|Date of declaration|Last date for claiming unpaid dividend| ... |
At TCS, corporate sustainability is demonstrated through (a) fair, transparent and ethical governance, (b) engagement with marginalised and vulnerable communities, (c) adherence to and respect for all human rights, (d) offering specialised services and solutions to meet distinct needs of its clients, (e) reduction of i... |
These briefly are as follows: National - P1 Business should conduct and govern themselves with ethics, transparency and accountability - P2 Businesses should provide goods and services that are safe and contribute to sustainability - P3 Businesses should promote the wellbeing of all employees - P4 Businesses should res... |
# Annual Report 2014-15 place with the help of IT adoption, (6) elimination of delays in submission of monthly balance and accounts and (7) generation of reports bank wise and branch wise. # b) Community health insurance programme (Aarogyasri) Aarogyasri is a unique community health insurance scheme formulated by the A... |
118 Business Responsibility Report # Business Responsibility Report Vendors are asked to sign the Tata Code of Conduct and TCS' Supplier Code of Conduct for every contract awarded, in order to ensure ethical practices are followed throughout the entire supply chain. Additionally, vendors are empowered to raise ethical ... |
Employee skill up-gradation: | |FY 2014-15| |---|---| |Permanent employees|79%| |Permanent women employees|83%| |Casual/temporary/contractual employees|13%| |Employees with disabilities|Included above| # Additional Information The Company has a number of policies and programmes focussed on employee wellbeing. These inc... |
With respect to vendors, TCS follows a rigorous screening process before entering into a business relationship. All the contracts that the Company enters into with vendors require the vendor to comply with the relevant laws safeguarding labour rights and human rights in their respective jurisdiction. 2. How many stakeh... |
Federation of Indian Exporters Organisation (FIEO) and Computer Society of India (CSI) # 3. Have you advocated/lobbied through above associations for the advancement or improvement of public good?: Yes i. If yes specify the broad areas (drop box: Governance and Administration, Economic Reforms, Inclusive Development Po... |
This unique programme aims at bridging the gap between computer skills of persons who are visually impaired and those required by IT/ITES. Till date, TCS has trained 156 individuals of which 121 candidates are employed with TCS and other companies. 5 of these trainees are currently pursuing higher studies. TCS associat... |
After a successful integration with the IP patient admission process the SMS gateway is now being integrated with other process flows in phases. # iii. Projects undertaken by the CSR Tech Team The Tech CSR team has been instrumental in leveraging core competencies and capabilities (i.e. feasibility assessment, business... |
Uma, an entrepreneur in Jhansi sponsored through TCS' BriDgeIT Program Childrens' Day at Manuski Girls Hostel Business Responsibility Report 127 # Annual Report 2014-15 In NOIDA, TCS has associated with Vidya & Child to promote learning in Maths, English and other soft skills among children in these locations. TCS also... |
TCS volunteers are entrusted with Project Yukti, an innovation-cum-competition involving ideation and propagation, execution, preliminary assessment and digitization of the idea and the survey responses received from migrant workers. So far, 52 volunteers reached out to 50 municipal chowkis and pumping stations, intera... |
The respective Board of Directors of the Company and its subsidiaries are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the respective assets of the Company and its subsidiaries and for preventing and detecting frauds and other irregularities; t... |
As required by the Companies (Auditor's Report) Order, 2015 ('the Order'), issued by the Central Government of India in terms of Section 143 (11) of the Act, based on the comments in the auditors' report of the Company and on the auditors' reports issued in accordance with the Order on subsidiary companies incorporated... |
- (b) In our opinion and according to the information and explanations given to us and based on the auditors' reports issued in accordance with the Order on the aforesaid subsidiaries, the procedures of physical verification of inventories followed by the respective Management were reasonable and adequate in relation t... |
The Group does not have accumulated losses. The Group has not incurred cash losses on a consolidated basis during the financial year covered by our audit and in the immediately preceding financial year. # 9. In our opinion and according to the information and explanations given to us and based on the auditors' reports ... |
Tax expense:| | | | |(a) Current tax|28|6275.65|6148.26| |(b) Deferred tax| |(28.18)|(27.14)| |(c) Fringe benefit tax| |0.37|0.13| |(d) MAT credit entitlement|28|(9.05)|(51.26)| | | |6238.79|6069.99| |VIII. PROFIT FOR THE YEAR BEFORE MINORITY INTEREST| |20059.70|19331.87| |IX. Minority interest| |207.52|168.00| |X. PRO... |
Bhatt Director Aarthi Subramanian Executive Director Rajesh Gopinathan Chief Financial Officer Suprakash Mukhopadhyay Company Secretary Mumbai, April 16, 2015 Mumbai, April 16, 2015 Consolidated Financial Statements 139 # Annual Report 2014-15 # Notes forming part of the Consolidated Financial Statements # 1) CORPORATE... |
# e) Depreciation / Amortisation In respect of fixed assets (other than freehold land and capital work-in-progress) acquired during the year, depreciation / amortisation is charged on a straight line basis so as to write off the cost of the assets over the useful lives and for the assets acquired prior to April 1, 2014... |
Past service cost is recognised immediately to the extent that the benefits are already vested or amortised on a straight-line basis over the average period until the benefits become vested. The retirement benefit obligation recognised in the balance sheet represents the present value of the defined benefit obligation ... |
# 142 Consolidated Financial Statements # Notes forming part of the Consolidated Financial Statements # l) Foreign currency transactions Income and expense in foreign currencies are converted at exchange rates prevailing on the date of the transaction. Foreign currency monetary assets and liabilities other than net inv... |
# p) Provisions, Contingent liabilities and Contingent assets A provision is recognised when the Group has a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which reliable estimate can be made. Provisions (excluding re... |
# Notes forming part of the Consolidated Financial Statements # c) Shares held by Holding company, its Subsidiaries and Associates |(` crores)|As at March 31, 2015|As at March 31, 2014| |---|---|---| |Equity shares| | | |Holding company|144.35|144.35| |144,34,51,698 equity shares (March 31, 2014 : 144,34,51,698 equity ... |
# 6) DEFERRED TAX BALANCES Deferred tax balances consist of the following: | |(` crores)|As at March 31, 2015|As at March 31, 2014| |---|---|---|---| |(a) Deferred tax liabilities (net)| |342.96|308.80| |(i) Foreign branch profit tax| |256.03|217.88| |(ii) Depreciation and amortisation| |25.11|16.40| |(iii) Employee be... |
148 Consolidated Financial Statements # Notes forming part of the Consolidated Financial Statements # 12) FIXED ASSETS Fixed assets consist of the following: # (i) Tangible assets |Description|Freehold land|Leasehold land|Freehold buildings|Leasehold buildings|Leasehold improvements|Plant and machinery|Computer equipme... |
# 14) LONG-TERM LOANS AND ADVANCES Long-term loans and advances consist of the following: |(` crores)|As at March 31, 2015|As at March 31, 2014| |---|---|---| |(a) Secured, considered good| | | |Loans and advances to employees|0.15|0.22| |(b) Unsecured, considered good| | | |(i) Capital advances|206.71|356.97| |(ii) Se... |
# 19) TRADE RECEIVABLES Trade receivables (Unsecured) consist of the following: |(` crores)|As at March 31, 2015|As at March 31, 2014| |---|---|---| |(a) Over six months from the date they were due for payment| | | |(i) Considered good|1469.78|1460.46| |(ii) Considered doubtful|422.94|298.20| |(b) Others| | | |(i) Cons... |
154 Consolidated Financial Statements # Notes forming part of the Consolidated Financial Statements # 23) REVENUE FROM OPERATIONS Revenue from operations consist of revenue from: | |(` crores)|2015|2014| |---|---|---|---| |(a) Information technology and consultancy services| |92701.70|80139.84| |(b) Sale of equipment a... |
de Luxembourg)|100.00|100.00| |Tata Consultancy Services Portugal Unipessoal Limitada|Portugal|100.00|100.00| |TCS Inversiones Chile Limitada|Chile|99.99|99.99| |Tata Consultancy Services Chile S.A.|Chile|100.00|100.00| |TATASOLUTION CENTER S.A.|Ecuador|100.00|100.00| |TCS Financial Solutions Australia Holdings Pty Lim... |
De CV, (g) Tata Consultancy Services Netherlands B V, (h) Tata Consultancy Services Asia Pacific Pte Ltd, (i) Tata Consultancy Services Qatar S.S.C., (j) Tata Consultancy Services Italia SRL, (k) Tata Consultancy Services France S.A.S., (l) Tata Consultancy Services Malaysia Sdn Bhd, and (m) Tata Consultancy Services L... |
# Annual Report 2014-15 # Notes forming part of the Consolidated Financial Statements The following table set out the funded and unfunded status of the retirement benefit plans and the amounts recognised in the financial statements: | |Indian| |Foreign| |Consolidated| | |---|---|---|---|---|---|---| | |Funded|Unfunded|... |
# Indian | |2015|2014|2013|2012|2011| | |---|---|---|---|---|---|---| |Experience adjustment|On plan liability loss / (gain)|31.50|55.10|(17.78)|44.05|31.05| | |On plan asset gain|5.94|22.22|4.06|6.61|9.27| |Present value of benefit obligation|1296.91|1,018.79|882.75|724.70|602.65| | |Fair value of plan assets|1453.14|... |
# Year ended March 31, 2015 |Particulars|Business Segments|Banking, Financial Services and Insurance|Manufacturing|Retail and Consumer Packaged Goods|Telecom, Media and Entertainment|Others|Total| |---|---|---|---|---|---|---|---| |Revenue|(` crores)|38565.66|9242.45|12829.01|10933.55|23077.74|94648.41| | | |35112.41|6... |
Aarthi Subramanian, Executive Director (w.e.f. 12.03.2015) # Annual Report 2014-15 # Notes forming part of the Consolidated Financial Statements # B) Transactions with related parties for the year ended March 31, 2015 | |Holding Company|Fellow Subsidiaries|Key Management Personnel and their relatives|Total| |---|---|--... |
# 36) OBLIGATIONS TOWARDS FINANCE LEASES |Particulars|As at March 31, 2015|As at March 31, 2014| |---|---|---| |Assets acquired under finance lease| | | |i) Minimum lease payments:| | | |Not later than one year|70.03|57.56| |Later than one year but not later than five years|109.59|124.00| |Later than five years|44.35|5... |
In addition to the above Cash Flow Hedges, the Group has outstanding foreign exchange forward, option and futures contracts with notional amount aggregating ` 19949.03 crores (March 31, 2014: ` 15883.01 crores) whose fair value showed a gain of ` 159.65 crores as at March 31, 2015 (March 31, 2014 : gain of ` 267.07 cro... |
total assets minus total liabilities|Share in profit or loss| |---|---|---| |Tata Consultancy Services Limited|As % of consolidated net assets 80.91 Amount (` crores) 45416.44|As % of consolidated profit or loss 88.77 Amount (` crores) 19256.96| |Indian Subsidiaries| | | |APOnline Limited|As % of consolidated net asset... |
consolidated net assets 0.15 Amount (` crores) 83.70|As % of consolidated profit or loss 0.07 Amount (` crores) 16.25| |Tata Consultancy Services France S.A.S.|As % of consolidated net assets (0.06) Amount (` crores) (34.85)|As % of consolidated profit or loss (0.07) Amount (` crores) (14.67)| |Tata Consultancy Service... |
This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estima... |
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