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Transamerica awarded TCS a multi-year, $2+ Billion contract to digitally transform its Life and Annuities business to service more than 10 million policies using TCS BaNCS Insurance, an integrated cloud-based single instance, multi-tenant platform. # Q3 BNP Paribas Securities partnered with TCS to implement the Quartz ... |
Researchers pose in front of the newly opened Drones Research Lab in Cincinnati, OH. 12 | The Year Gone by # Marching ahead with Our Brand The TCS brand has been built on a solid foundation of trust that we have established with all stakeholders over the last five decades. Today, in its 50th year of operations, TCS is ... |
Enterprises have to embrace the idea of blurred organisational boundaries, where old definitions of "who is" and "who isn't" an employee are challenged.| |Rapidly tapping into|the capabilities and|resources of partners| |and competitors|through technology|platforms, to influence| |their entire value and supply chains.|... |
- TCS' Machine First Delivery Model (MFDM™), backed by partnerships with leading providers of RPA software as well as our own cognitive automation software ignio™, gives software the first right of refusal on any activity, be it in business operations or IT operations. This approach has positioned TCS as a thought lead... |
Neil Crockett, Chief Digital Officer, Rolls-Royce Business 4.0 stories | 21 # Business 4.0 # Stories # Transamerica Transamerica, a leading provider of life insurance, retirement and investment solutions in the United States, has joined forces with TCS to simplify its core operations around the administration of its li... |
Ratification of Appointment of Auditors To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution: "RESOLVED that pursuant to the provisions of Section 139 and other applicable provisions, if any, of the Companies Act, 2013 and the Companies (Audit and Auditors) Rules, 2014, as amended... |
A Member entitled to attend and vote at the AGM is entitled to appoint a proxy to attend and vote on his/her behalf and the proxy need not be a Member of the Company. A person can act as proxy on behalf of Members not exceeding fifty (50) and holding in the aggregate not more than 10% of the total share capital of the ... |
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 AGM. # 14. Members are requested to note that, dividends if not encashed for a consecutive period of 7 years from the date of transfer ... |
Demat (NSDL or CDSL) or Physical|Your User ID is:| |---|---| |a) For Members who hold shares in demat account with NSDL.|8 Character DP ID followed by 8 Digit Client ID For example, if your DP ID is IN300*** and Client ID is 12****** then your user ID is IN300***12******| |b) For Members who hold shares in demat accoun... |
In such an event, you will need to go through the "Forgot User Details/Password?" or "Physical User Reset Password?" option available on www.evoting.nsdl.com to reset the password. # 3. In case of any queries, you may refer to the Frequently Asked Questions (FAQs) for Shareholders and e-voting user manual for Sharehold... |
Aarthi Subramanian relinquished her position as the Executive Director of the Company with effect from August 17, 2017 for taking up a leadership role as the Group Chief Digital Officer at Tata Sons Limited. The Board of Directors, on the recommendation of the Nomination and Remuneration Committee, appointed Ms. Aarthi... |
He is a Fellow of the Institute of Electrical and Electronics Engineers, the American Society of Mechanical Engineers, the American Association for Advancement of Science, the American Association of Artificial Intelligence and the Indian Academy of Engineering. He serves on advisory boards for several non-profit and g... |
The consolidated performance of the Company and its subsidiaries has been referred to wherever required. # 1. Financial results | |Unconsolidated| |Consolidated| | |---|---|---|---|---| |Financial Year|2017-18 (FY18)|2016-17 (FY17)|2017-18 (FY18)|2016-17 (FY17)| |Revenue from operations|97,356|92,693|1,23,104|1,17,966|... |
Quality initiatives The Company continues its commitment to the highest levels of quality, superior service management, robust information security practices and mature business continuity management. In FY18, the Company retained its enterprise-wide ISO certification for Quality Management (ISO 9001:2015), IT Service ... |
they have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively. Based on the framework of internal financial controls and compliance systems established and maintained by the Company, the work performed by the internal, statu... |
In the board meeting that followed the meeting of the independent directors and meeting of Nomination and Remuneration Committee, the performance of the board, its committees, and individual directors was also discussed. Performance evaluation of independent directors was done by the entire board, excluding the indepen... |
Rajendra Moholkar @@|-|^^| * Retired as Independent Director w.e.f. May 14, 2017 in accordance with the retirement age policy for Directors. ** Retired as Director w.e.f. September 3, 2017 in accordance with the retirement age policy for Directors. *** Relinquished the office of Executive Director and appointed as an A... |
The Physical Sciences research team was effective in building a "Digital Twin" for thermal plants; Using the rich data such plants already have, creating models and simulation technologies, our research enabled lowering risk in plant functions, increasing agility and creating savings. The research team worked closely w... |
Total R&D expenditure (a+b)| | | |295|282|298|282| | | |d. Innovation center expenditure| | | |1,079|878|1,202|996| | | |e. Total R&D and innovation expenditure (c+d)| | | |1,374|1160|1,500|1,278| | | |f. R&D and innovation expenditure as a percentage of total turnover| | | |1.4%|1.2%|1.2%|1.1%| | | # Foreign exchange ... |
In addition, the Affirmative Action programs of the Company in India are directed towards SC/ST communities as defined by the Government of India. The projects undertaken are within the broad framework of Schedule VII of the Companies Act, 2013. Details of the CSR policy and projects or programmes undertaken by the Com... |
Category / Sub-Category of the Company: Company Limited by shares / Indian Non-Government Company - v. Address of the Registered office and contact details: - 9th Floor, Nirmal Building, - Nariman Point, - Mumbai 400 021 - Tel: 91 22 6778 9595 - Email: investor.relations@tcs.com - Website: www.tcs.com - vi. Whether lis... |
Rue Pafebruch 89D, L - 8308 Capellen, Luxembourg|- do -|- do -|100|2(87)| |29.|Tata Consultancy Services Switzerland Ltd Thurgauerstrasse 36/38, 8050 Zurich, Switzerland|- do -|- do -|100|2(87)| |30.|Tata Consultancy Services Osterreich GmbH Schottengasse 1, 1010 Wien, Austria|- do -|- do -|100|2(87)| |31.|Tata Consult... |
of Shares held at the beginning of the year 01.04.2017|No. of Shares held at the end of the year 31.03.2018|%|No. of Shares held at the beginning of the year 01.04.2017|No. of Shares held at the end of the year 31.03.2018|%|Change during the year| | | |---|---|---|---|---|---|---|---|---|---|---| |(2)|Non-Institutions|... |
of shares: 88,528 % of total shares of the company: 0|No. of shares: 88,528 % of total shares of the company: 0| | | |31-Mar-2018| | |No. of shares: 88,528 % of total shares of the company: 0| |2|Mr. Ishaat Hussain*|01-Apr-2017| |No. of shares: 1,740 % of total shares of the company: 0|No. of shares: 1,740 % of total s... |
Chandrasekaran#|3.0|-|-|3.0| | |Mr. Ishaat Hussain***|2.4|130|-|132.4| | |Ms. Aarthi Subramanian#|2.4|-|-|2.4| | |Total (2)|7.8|130|-|137.8| | |Total (B)=(1+2)|28.8|1265|-|1293.8| | |Total Managerial Remuneration| |1265| | | | |Ceiling as per the Act (@ 1% of profits calculated under Section 198 of the Companies Act, 2... |
The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008; (Not applicable to the Company during the audit period) 6. The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 regarding the Companies Act and dealing with cli... |
The Secretarial Audit report is neither an assurance as to the future viability of the Company nor of the efficacy or effectiveness with which the management has conducted the affairs of the Company. For Parikh & Associates Company Secretaries P. N. Parikh Partner Mumbai, April 19, 2018 FCS No: 327 CP No: 1228 Director... |
1 Source: NASSCOM Strategic Review FY 2018 60 I Management Discussion and Analysis # Strategic Element Outcomes Validation Metrics A more detailed breakup of the various elements of strategy, their outcomes and the validation metrics is provided below: # Customer-centric organization structure and investment strategy -... |
|Global, Diverse Workforce|Talent Development|Talent Retention| |---|---|---| |* 394,998 employees|* 247K + associates trained in digital|Best in class Attrition| |* 35.3% women|* 861K digital competencies acquired|* 11% in IT Services| |* 131 Nationalities|* 208K trained in Agile|* 11.8% Overall, including BPS| 2 Ref ... |
Talent Engagement Some of the platforms and initiatives we have at TCS to enhance and enrich employee engagement are: - Cara: AI-based HR assistant which answers employee questions on HR policies - Milo: Chatbot to facilitate the mentoring process - Knome, KnowMax, GEMS: Platforms for social collaboration within the or... |
There was significant interest in cloud-related services and in the creation of a digital data core, as well as in implementing next generation enterprise solutions.|13,361 crore (12,486)|27.7% (28.6%)| |Retail and Consumer Business|2.9%|The Retail and Consumer business segment underperformed the rest of the Company, m... |
|Key Risks|Impact on the Company|Mitigation| |---|---|---| |Volatile global political and economic scenario|Corporate spending on technology has shown strong correlations with GDP growth. The company derives a material portion of its revenues from customers' discretionary spending which is linked to their business outl... |
Any violation or security breach, observed non-compliance or inadequacy of privacy policies and procedures can result in substantive liabilities, penalties and reputational impact.|* A global Privacy Policy is in place covering all applicable geographies and areas of operations. * A new organisational unit has been set... |
Our management assessed the effectiveness of the Company's internal control over financial reporting (as defined in Clause 17 of SEBI Regulations 2015) as of March 31, 2018. B S R & Co. LLP, the statutory auditors of TCS has audited the financial statements included in this annual report and has issued an attestation r... |
# Management Discussion and Analysis # RATIO ANALYSIS |Units|Ind AS|Indian GAAP|FY 2017-18|FY 2016-17|FY 2015-16|FY 2014-15*|FY 2014-15|FY 2013-14|FY 2012-13|FY 2011-12|FY 2010-11|FY 2009-10|FY 2008-09| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Ratios - Financial Performance|Employee Cost / Total Reven... |
# Directors on the Board The names and categories of the Directors on the Board, their attendance at Board Meetings held during the year and at the last Annual General Meeting (AGM) and the number of Directorships and Committee Chairmanships/Memberships held by them in other public limited companies as on March 31, 201... |
Ishaat Hussain*|Non-Independent, Non-Executive| * Retired as Director and consequently ceased to be a member of this Committee w. e. f. September 3, 2017. * Recommend to the Board its composition and the set up and composition of the committees. * Recommend to the Board the appointment/re-appointment of Directors and K... |
Chandrasekaran (Chairman)|Non-Independent, Non-Executive|- The said matters were discussed in various board meetings held during the year in the presence of the Executive Committee Members with the intent to avail expertise of all Board members. | |Dr. Ron Sommer|Independent, Non-Executive| | |Prof. Clayton M. Christen... |
Aarthi Subramanian|35.92|45.75|150.00|Nil| The above figures do not include provisions for encashable leave, gratuity and premium paid for group health insurance, as separate actuarial valuation / premium paid are not available. Services of the Managing Director and Executive Director may be terminated by either party,... |
The Board's approved policy for related party transactions is uploaded on the website of the Company.|Link| |Details of Non - Compliance by the Company, penalty, strictures imposed on the Company by the stock exchange, or Securities and Exchange Board of India ('SEBI') or any statutory authority on any matter related t... |
The Company also issues press releases from time to time. Financial Results, Statutory Notices, Press Releases and Presentations made to the institutional investors/analysts after the declaration of the quarterly, half-yearly and annual results are submitted to the National Stock Exchange of India Limited and BSE Limit... |
Distribution of equity shareholding as on March 31, 2018: |Number of shares|Holding|Percentage to capital (%)|Number of accounts|Percentage to total accounts (%)| |---|---|---|---|---| |1 - 100|1,64,75,896|0.86|4,78,452|83.77| |101 - 500|1,63,02,104|0.85|75,919|13.29| |501 - 1000|64,82,946|0.34|9,136|1.60| |1001 - 5000... |
In the interest of the shareholders, the Company sends periodical reminders to the shareholders to claim their dividends in order to avoid transfer of dividends/shares to IEPF Authority. Notices in this regard are also published in the newspapers and the details of unclaimed dividends and shareholders whose shares are ... |
For the purpose of this declaration, Senior Management Personnel means the Chief Financial Officer, Global Head-HR, Global Business Unit Heads, Global Head - Legal and Company Secretary as on March 31, 2018. Rajesh Gopinathan Chief Executive Officer and Managing Director Mumbai, April 19, 2018 Corporate Governance Repo... |
The multiple CSR initiatives of TCS have touched 917,325 lives in FY 2018, globally. TCS Maitree is an employee engagement forum that provides associates an opportunity to express their creativity. Through its many interventions, Maitree helps TCS associates and their families reach out to underprivileged communities a... |
# Bridge IT entrepreneur serves as an inspiration to the youth in Bharatpur, Jhansi District So far, 136 youth from socially and economically disadvantaged communities across six Indian states have been trained to be digital entrepreneurs through this program. TCS supports the digital entrepreneurs for an initial perio... |
Towards this end, TCS runs a dedicated week-long program, called goIT Girls Work Experience, as part of which senior TCS executives provide high school students insights into the various STEM roles that exist across the business spectrum. In FY 2018, goIT Challenge was launched, which encourages high school students to... |
Process Focus: TCS has been one of the pioneers in the IT-sector to be certified to the international standard, ISO 14001, for its Environment Management System (EMS) in as early as 2003. Keeping up the momentum, we successfully migrated to ISO 14001:2015 version of the standard this year under the enterprise-wide cert... |
All our new campuses are built for 50% higher water efficiency, 100% treatment and recycling of sewage, and rainwater harvesting. In FY 2018, consistent water management measures have helped us sustain our water consumption performance at nearly constant levels compared to previous years. # TCS' waste management practi... |
Name of the Company: Tata Consultancy Services Limited Registered address: 9th Floor, Nirmal Building, Nariman Point, Mumbai - 400 021, India 3. Website: www.tcs.com 4. E-mail id: corporate.sustainability@tcs.com 5. Financial Year reported: April 1, 2017 to March 31, 2018 6. Sector(s) that the Company is engaged in (in... |
Indicate the link for the policy to be viewed online?| |6|Has the policy been formally communicated to all relevant internal and external stakeholders?| |7|Does the company have in-house structure to implement the policy/policies?| |8|Does the Company have a grievance redressal mechanism related to the policy/policies ... |
Do you have an employee association that is recognized by management? Yes. 6. What percentage of your permanent employees are members of this recognized employee association? 0.02% (For India) 7. Please indicate the Number of complaints relating to child labour, forced labour, involuntary labour, sexual harassment in t... |
The Company has engaged highly trained employees to drive and monitor the CSR activities. # Principle 9 1. What percentage of customer complaints/consumer cases are pending as on the end of financial year? 5.66% of the complaints received is pending resolution as on March 31, 2018. 2. Does the company display product i... |
104 I Business Responsibility Report # Awards and Accolades # Business - Ranked as the fastest growing IT Services brand by brand value, and as one of the Top 3 Global Brands in IT Services globally in 2018 by Brand Finance - Recognized as one of the Top Regarded Companies and one of the World's Best Employers in the F... |
for the year then ended, including a summary of significant accounting policies and other explanatory information (hereinafter referred to as "the consolidated Ind AS financial statements"). # Management's Responsibility for the Consolidated Ind AS Financial Statements The Holding Company's Board of Directors is respon... |
# Opinion In our opinion and to the best of our information and according to the explanations given to us, the aforesaid consolidated Ind AS financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accept... |
LLP Chartered Accountants Firm's Registration No: 101248W/W-100022 Yezdi Nagporewalla Mumbai 19 April 2018 Membership No: 049265 Consolidated Financial Statements I 107 # Annual Report 2017-18 # Annexure I: List of entities consolidated as at 31 March 2018 |1|APTOnline Limited| |---|---| |2|C-Edge Technologies Limited|... |
Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed r... |
Ron Sommer Director Aarthi Subramanian Director Yezdi Nagporewalla Rajesh Gopinathan O. P. Bhatt V. Thyagarajan Prof. Clayton M. Christensen Partner CEO and Managing Director Director Director Membership No: 049265 N. Ganpathy Subramaniam Aman Mehta Dr. Pradeep Kumar Khosla Rajendra Moholkar COO and Executive Director ... |
OTHER EQUITY (` crores) |Reserves and surplus| | |Items of other comprehensive income|Equity|Non-controlling interests|Total| | | | | | | | | | | | | |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Equity Capital|Securities Premium|General Reserve|Special Reserve|Retained Earnings|Statuto... |
CASH FLOWS FROM FINANCING ACTIVITIES| | | |Buy-back of equity shares|(16,000)|--| |Expenses for buy-back of equity shares|(42)| | |Short-term borrowings (net)|(19)|87| |Dividend paid (including tax on dividend)|(10,726)|(10,947)| |Dividend paid to non-controlling interests (including tax on dividend)|(34)|(26)| |Purcha... |
Changes in the Company's interests in subsidiaries that do not result in a loss of control are accounted for as equity transactions. The carrying amount of the Company's interests and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference betwee... |
# Fair value measurement of financial instruments When the fair value of financial assets and financial liabilities recorded in the balance sheet cannot be measured based on quoted prices in active markets, their fair value is measured using valuation techniques including the Discounted Cash Flow model. The inputs to t... |
(j) Foreign currency The functional currency of the Company and its Indian subsidiaries is the Indian Rupee (`) whereas the functional currency of foreign subsidiaries is the currency of their countries of domicile. Foreign currency transactions are recorded at exchange rates prevailing on the date of the transaction. ... |
Deferred tax assets and liabilities are offset when they relate to income taxes levied by the same taxation authority and the relevant entity intends to settle its current tax assets and liabilities on a net basis. # Annual Report 2017-18 # Notes forming part of the Consolidated Financial Statements Deferred tax assets... |
If the hedged future cash flows are no longer expected to occur, then the amounts that have been accumulated in other equity are immediately reclassified in net foreign exchange gains in the statement of profit and loss. The effective portion of change in the fair value of the designated hedging instrument is recognise... |
# (ii) Non-financial assets # (a) Tangible and intangible assets Property, plant and equipment and intangible assets with finite life are evaluated for recoverability whenever there is any indication that their carrying amounts may not be recoverable. If any such indication exists, the recoverable amount (i.e. higher o... |
# 3) Recent Indian Accounting Standards (Ind AS) Ministry of Corporate Affairs ("MCA") through Companies (Indian Accounting Standards) Amendment Rules, 2018 has notified the following new and amendments to Ind ASs which the Group has not applied as they are effective for annual periods beginning on or after April 1, 20... |
Consolidated Financial Statements I 121 # Annual Report 2017-18 # Notes forming part of the Consolidated Financial Statements # 4) Property, plant and equipment Property, plant and equipment consist of the following: | |Freehold land|Buildings|Leasehold Improvements|Plant and equipment|Computer equipment|Vehicles|Offic... |
# Notes forming part of the Consolidated Financial Statements # (B) Investments - Current | |As at March 31, 2018|As at March 31, 2017| |---|---|---| |(a) Investments carried at fair value through profit or loss|9,735|19,637| |(b) Investments carried at fair value through OCI| | | |Government securities (quoted)|25,217... |
Significant components of net deferred tax assets and liabilities for the year ended March 31, 2018 are as follows: | |Opening balance|Recognised in profit and loss|Recognised in / reclassified from other comprehensive income|Acquisitions / disposals|Exchange difference|Closing balance| |---|---|---|---|---|---|---| |D... |
In respect of tax contingencies of ` 318 crores (March 31, 2017: ` 318 crores), the Company is entitled to an indemnification from the seller of TCS e-Serve Limited. The Group periodically receives notices and inquiries from income tax authorities related to the Group's operations in the jurisdictions it operates in. T... |
# 16) Share capital The authorised, issued, subscribed and fully paid-up share capital comprises of: | |(` crores)|As at March 31, 2018|As at March 31, 2017| |---|---|---|---| |Authorised| | | | |(a) 460,05,00,000 equity shares of ` 1 each| |460|460| |(b) 105,02,50,000 preference shares of ` 1 each| |105|105| | |Total|... |
# (b) Equity shares allotted as fully paid-up including equity shares fully paid pursuant to contract without payment being received in cash 1,16,99,962 equity shares issued to the shareholders of CMC Limited in terms of the scheme of amalgamation ('the Scheme') sanctioned by the High Court of Judicature at Bombay vide... |
# (c) Capital redemption reserve As per Companies Act, 2013, capital redemption reserve is created when company purchases its own shares out of free reserves or securities premium. A sum equal to the nominal value of the shares so purchased is transferred to capital redemption reserve. # (d) General reserve The general... |
# 20) Provisions Provisions consist of the following: # (A) Provisions - Non-current | |As at March 31, 2018|As at March 31, 2017| |---|---|---| |Provision for foreseeable loss|26|39| | |26|39| 138 I Consolidated Financial Statements # Notes forming part of the Consolidated Financial Statements # (B) Provisions - Curre... |
The following table sets out the details of the defined benefit retirement plans and the amounts recognised in the financial statements: |Change in benefit obligations| | |Year ended March 31, 2018| | | | |Year ended March 31, 2017| | | |---|---|---|---|---|---|---|---|---|---|---| |Domestic plans|Domestic plans|Foreig... |
The sensitivity analysis below have been determined based on reasonably possible changes of the respective assumptions occurring at the end of the reporting period, while holding all other assumptions constant. If the discount rate increases (decreases) by 0.50%, the defined benefit obligations would decrease by ` 143 ... |
# Foreign Defined Contribution Plan The Group contributed ` 927 crores for the year ended March 31, 2018 (March 31, 2017: ` 826 crores) towards foreign defined contribution plan. # Other operating expenses Other operating expenses consist of the following: | |Year ended March 31, 2018|Year ended March 31, 2017| |---|--... |
Carrying amounts of cash and cash equivalents, trade receivables, unbilled revenues, loans and trade payables as at March 31, 2018 and 2017 approximate the fair value. Difference between carrying amounts and fair values of bank deposits, earmarked balances with banks, other financial assets, other financial liabilities... |
of contracts|Notional amount of contracts (million)|Fair value (` crores)| |Sterling Pound|-|-|-|5|125|5| |Euro|-|-|-|3|91|15| 150 I Consolidated Financial Statements # Notes forming part of the Consolidated Financial Statements # The movement in cash flow hedging reserve for derivatives designated as cash flow hedges ... |
It hedges a part of these risks by using derivative financial instruments in line with its risk management policies. The foreign exchange rate sensitivity is calculated by aggregation of the net foreign exchange rate exposure and a simultaneous parallel foreign exchange rates shift of all the currencies by 10% against ... |
Consolidated Financial Statements I 153 # Annual Report 2017-18 # Notes forming part of the Consolidated Financial Statements The tables below provide details regarding the contractual maturities of significant financial liabilities as of: # (` crores) # March 31, 2018 | |Due in 1st year|Due in 2nd year|Due in 3rd to 5... |
# Notes forming part of the Consolidated Financial Statements # Information regarding geographical non-current assets is as follows: |Geography|Year ended March 31, 2018|Year ended March 31, 2017| |---|---|---| |Americas (3)|1,354|1,246| |Europe (4)|1,694|1,521| |India|14,699|15,355| |Others|588|598| |Total|18,335|18,7... |
total assets minus total liabilities as at March 31, 2018|Share in profit and loss as % of consolidated (` crores)|Share in Other comprehensive income as % of consolidated (` crores)|Share in Total comprehensive income as % of consolidated (` crores)| |---|---|---|---|---|---|---|---| |Tata Consultancy Services (China)... |
Transactions with related parties are as follows: | |Tata Sons Limited|Subsidiaries of Tata Sons Limited|Associates / joint ventures of Tata Sons Limited and their subsidiaries|Other related parties|Total| |---|---|---|---|---|---| |Year ended March 31, 2018|13|260|1,993|-|2,266| |Revenue from operations|5|37|571|-|613... |
# Unconsolidated Financial Statements # Independent Auditor's Report To The Members of Tata Consultancy Services Limited # Report on the Audit of the Standalone Ind AS Financial Statements We have audited the accompanying standalone Ind AS financial statements of Tata Consultancy Services Limited ("the Company"), which... |
164 I Unconsolidated Financial Statements We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the standalone Ind AS financial statements. # Opinion In our opinion and to the best of our information and according to the explanations given to us, t... |
(b) The Company has a regular programme of physical verification of its fixed assets, by which all fixed assets are verified in a phased manner over a period of three years. In our opinion, this periodicity of physical verification is reasonable having regard to the size of the Company and the nature of its assets. Pur... |
166 I Unconsolidated Financial Statements # (b) According to the information and explanations given to us, there are no dues of Income-tax or Sales tax or Service tax or Goods and Services tax or duty of Customs or duty of Excise or Value added tax which have not been deposited by the Company on account of disputes, ex... |
LLP Chartered Accountants Firm's Registration No: 101248W/W-100022 Yezdi Nagporewalla Mumbai 19 April 2018 Membership No: 049265 # 168 I Unconsolidated Financial Statements # Annexure B to the Independent Auditor's Report (Referred to in paragraph 2(f) under 'Report on Other Legal and Regulatory Requirements' section o... |
Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures ... |
Ron Sommer Director Aarthi Subramanian Director Rajesh Gopinathan CEO and Managing Director O. P. Bhatt Director V. Thyagarajan Director Prof. Clayton M. Christensen Director N. Ganpathy Subramaniam COO and Executive Director Aman Mehta Director Dr. Pradeep Kumar Khosla Director Rajendra Moholkar Company Secretary # An... |
Ron Sommer Aarthi Subramanian Chartered Accountants Chairman CFO Director Director Firm's registration no: 101248W/W-100022 Yezdi Nagporewalla Rajesh Gopinathan O. P. Bhatt V. Thyagarajan Prof. Clayton M. Christensen Partner CEO and Managing Director Director Director Director Membership number: 049265 N. Ganpathy Subr... |
Contingent liabilities are not recognised in the financial statements. Contingent assets are neither recognised nor disclosed in the financial statements. # Fair value measurement of financial instruments When the fair value of financial assets and financial liabilities recorded in the balance sheet cannot be measured ... |
Other operating expenses mainly include fees to external consultants, facility expenses, travel expenses, communication expenses, bad debts and advances written off, allowance for doubtful trade receivable and advances (net) and other expenses. Other expenses is an aggregation of costs which are individually not materi... |
# (j) Financial instruments Financial assets and liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument. Financial assets and liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial a... |
Hedge accounting is discontinued when the hedging instrument expires or is sold, terminated or no longer qualifies for hedge accounting. Any gain or loss recognised in other comprehensive income and accumulated in equity till that time remains and is recognised in statement of profit and loss when the forecasted transa... |
The retirement benefit obligations recognised in the balance sheet represents the present value of the defined benefit obligations reduced by the fair value of scheme assets. Any asset resulting from this calculation is limited to the present value of available refunds and reductions in future contributions to the sche... |
The appendix explains that the date of the transaction, for the purpose of determining the exchange rate, is the date of initial recognition of the non-monetary prepayment asset or deferred income liability. If there are multiple payments or receipts in advance, a date of transaction is established for each payment or ... |
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