REG - Tata Global Bev.Ltd - Annual Financial Report <Origin Href="QuoteRef">TAGL.NS</Origin>

Tata Consumer ProductsAnnouncement

01/06/2017 14:10

RNS Number : 8949G
Tata Global Beverages Limited
01 June 2017
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road Kolkata-700020
CIN - L15491WB1962PLC031425, Email : investor.relations@tgbl.com, 
Website : www.tataglobalbeverages.com
Standalone Financial Results for the quarter and year ended March 31, 2017
Rs. in Crores
Particulars
Unaudited Three months ended
Audited Year ended

March
31, 2017 
December
31, 2016
March
31, 2016
March
31, 2017
March 31, 2016
Revenue from Operations
 696.57 
786.43
676.75
3063.89 
2986.79
Other Income 
 14.37 
18.24
26.33
 96.34 
111.48
Total Income 
 710.94 
804.67
703.08
3160.23 
3098.27
Cost of materials consumed
 464.52 
479.96
 444.51 
1867.72 
1888.58
Purchase of stock-in-trade
 8.41 
8.06
 4.09 
 23.03 
11.93
Changes in inventories of finished goods, work-in-progress & stock-in-trade
 (60.98)
 (10.48)
 (32.32)
 (1.79)
 (3.92)
Employees benefits expense
 45.41 
48.83
 39.69 
 187.82 
168.62
Finance costs
 9.70 
12.43
 23.48 
 49.10 
67.71
Depreciation and amortisation expense
 6.32 
5.99
 6.00 
 23.70 
22.79
Advertisement and sales charges
 66.43 
62.30
 34.95 
 221.37 
195.58
Other expenses
 107.98 
100.82
 108.70 
 403.09 
366.88
Total Expenses
 647.79 
707.91
629.10
2774.04 
2718.17
Profit before Exceptional Items and Tax
 63.15 
96.76
73.98
 386.19 
380.10
Exceptional Items (Net)
 - 
 - 
 (59.25)
 - 
 (63.22)
Profit before Tax
 63.15 
 96.76 
 14.73 
 386.19 
 316.88 
Tax Expense
 (19.19)
 (24.30)
 (8.69)
 (110.19)
(90.39)
Net Profit after Tax (A)
 43.96 
 72.46 
 6.04 
 276.00 
 226.49 
Other Comprehensive Income





i) Items that will not be reclassified to profit or loss





Remeasurement of defined benefit plans
 (3.39)
 (4.29)
 (3.02)
 (17.58)
 (7.41)
Changes in fair valuation of equity instruments 
 110.57 
 (26.14)
 (46.13)
 255.55 
(135.96)

 107.18 
 (30.43)
 (49.15)
 237.97 
(143.37)
ii) Items that will be reclassified to profit or loss





Gains/(loss) on effective portion of cash flow hedges
 0.81 
 2.86 
 0.96 
 2.21 
 (3.30)
Other Comprehensive Income (Net of tax) (B) 
 107.99 
 (27.57)
 (48.19)
 240.18 
(146.67)
Total Comprehensive Income (A+B)
 151.95 
 44.89 
 (42.15)
 516.18 
79.82
Paid-up equity share capital (Face value of Re. 1 each) 
 63.11 
63.11
63.11
 63.11 
63.11
Reserves excluding Revaluation Reserves



3699.58
3351.71
Earnings per share (Basic & Diluted) (not annualised for the quarter) - Rs. 
 0.70 
 1.15 
0.10
 4.37 
 3.59 
Notes:
1. The Company has adopted, Indian Accounting Standards (Ind AS) from 1st April 2016. Financial results of all the periods presented have been prepared in accordance with the recognition and measurement principles of Ind AS.
2. (a) For the quarter as well as for the year, Revenue from operations increased over corresponding figures of the previous year reflecting improved performance in the branded tea operations. For the quarter, the benefit of lower commodity costs and sales improvements have been offset by higher expenditure on advertisement and sales charges , resulting in a decrease in profit from operations.
Reconciliation of Profit before tax and exceptional items to Profit from operations is given below:
In Rs. Crores
Three months ended
Year ended
March 31, 2017
December 31, 2016
March 31,
2016
March 31,
2017
March 31, 2016
Profit before Exceptional Items and Tax
63.15
96.76
73.98
386.19
380.10
Less : Other income
(14.37)
(18.24)
(26.33)
(96.34)
(111.48)
Add : Finance cost
9.70
12.43
23.48
49.10
67.71
Profit from Operations
58.48
90.95
71.13
338.95
336.33
Profit after tax, for the quarter as well as for the year, records an improvement over the previous year's levels mainly due to lower exceptional expenditure and finance costs. 
(b) Profit after tax of the previous year as well as of the corresponding quarter of the previous year as reported under previous GAAP had profit from sale of equity investments of Rs. 327.79 crores, which under Ind AS has been accounted under retained earnings.
3. Exceptional item for the previous year represents provision for impairment/obligations relating to a subsidiary company of Rs 52 crores, provision for impairment of intangible of Rs. 7 crores , levy relating to past demerged business of Rs 3 crores and provision for retrospective amendment of legislation relating to employee benefit of Rs 1 crore.
4. (a) Reconciliation between standalone financial results, as previously reported referred to as previous GAAP and Ind AS are as under:


Adjustments under Ind AS
For the Quarter
In Rs. Crores
Previous GAAP
Revenue
(Note i)
Effective interest method for debenture redemption premium
Profit on sale of equity investments (Note ii)
Others
(Note iii)
Ind AS
March 31, 2016

March 31,
2016
Revenue from Operations 
700.18
(23.43)
-
-
-
676.75
Profit from Operations
65.01
-
-
-
6.12
71.13
Net Profit after Tax
336.50
-
(4.32)
(327.79)
1.65
6.04

Adjustments under Ind AS
For the Year 
In Rs. Crores
Previous GAAP
Revenue 
(Note i)
Effective interest method for debenture redemption premium
Profit on sale of equity investments (Note ii)
Others
(Note iii)
Ind AS
March 31, 2016

March 31, 2016
Revenue from Operations 
3083.92
(97.13)
-
-
-
2986.79
Profit from Operations
319.44
-
-
-
16.89
336.33
Net Profit after Tax
563.67
-
(12.16)
(327.79)
2.77
226.49
 Note i - Expenditure required to be offset from sales on account of measurement criteria for Revenue.
Note ii - Profit on sale of equity investments is derecognized, as these instruments are fair valued at period ends under Ind AS.
Note iii - Others mainly include agricultural produce required to be fair valued, impact of actuarial gain/ losses and impact of fair value measurement of financial instruments. 
(b) Equity reconciliation as at March 31, 2016 and March 31, 2015:
In Rs. Crores
Notes
Year Ended
March 31, 2016
March 31, 2015
Equity as per previous GAAP

2895.90
2500.38
Fair value of equity instrument 
(a)
359.53
822.88
Reversal of proposed dividend including tax
(b)
171.72
171.72
Effective interest method for debenture redemption premium

10.78
27.26
Others

(1.25)
(2.28)
Total Transition Adjustments

540.78
1019.58
Equity as per Ind AS

3436.68
3519.96
Note (a): Under Ind AS, equity instruments are measured at fair values.
Note (b): Under Ind AS, proposed dividends are only recognized when approved by the shareholders in the general meeting
5. With effect from 1st April 2016, the Company has organized its business into Branded Segment and Non Branded Segment. Branded Segment is further categorized as Branded Tea, Branded Coffee and the residual as Branded Others. As per the threshold limits prescribed under Indian Accounting Standard (Ind AS-108) on "Segment Reporting", the Company's reportable activity falls within a single business segment and hence, the segment disclosure requirements are not applicable. 
6. Figures of the quarter ended March 31, 2017 and March 31, 2016 are the balancing figures between audited figures in respect of the full financial year and published year to date figures up to the third quarter of the relevant financial year.
7. Statement of Assets and Liabilities as at March 31, 2017 along with comparatives is annexed.
8. The Board of Director has recommended a dividend payment of Rs. 2.35 per share (Face Value Re 1 each) for the year ended March 31, 2017.
9. The aforementioned results were reviewed by the Audit Committee of the Board on May 29, 2017 and subsequently taken on record by the Board of Directors at its meeting held on May 30, 2017. The Statutory Auditors of the Company have audited these results.

Harish Bhat
Mumbai, May 30, 2017
(Chairman)
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road Kolkata-700020
CIN - L15491WB1962PLC031425, Email : investor.relations@tgbl.com, 
Website : www.tataglobalbeverages.com
Audited Statement of Assets and Liabilities as at March 31, 2017
Rs. in Crores

2017
2016
As at 1st April 2015
ASSETS



Non-Current Assets



Property, Plant and Equipment
197.76 
182.50 
168.17 
Investment Property
0.69 
0.71 
0.73 
Capital work-in-progress
11.50 
10.10 
11.28 
Intangible Assets
16.03 
16.05 
24.43 
Financial Assets



 Investments
2903.97 
2624.49 
3055.36 
 Loans
24.73 
24.75 
30.68 
 Other Financial Assets
21.07 
20.47 
21.64 
Deferred Tax Assets (Net)
38.86 
73.61 
28.30 
Non-Current Tax Assets (Net)
62.89 
44.64 
33.28 
Other Non-Current Assets
76.69 
74.29 
74.30 

3354.19
3071.61
3448.17
Current Assets



Inventories
764.19 
890.00 
819.59 
Financial Assets



 Investments
67.70 
173.33 
10.92 
 Trade Receivables
99.62 
109.70 
83.11 
 Cash and Cash Equivalents
13.76 
59.57 
4.13 
 Other Bank Balances
7.02 
6.30 
6.05 
 Loans
11.97 
14.31 
27.03 
 Other Financial Assets
26.80 
40.09 
32.80 
Other Current Assets 
53.23 
54.48 
39.22 

1044.29 
1347.78 
1022.85 
TOTAL ASSETS
4398.48
4419.39
4471.02
EQUITY AND LIABILITIES



Equity



Equity share capital
63.11 
63.11 
61.84 
Other Equity
3721.44 
3373.57 
3458.12 
TOTAL EQUITY
3784.55
3436.68
3519.96
Share Suspense Account
 - 
 - 
1.27 
Non-Current Liabilities



Financial Liabilities



 Borrowings
 - 
 - 
 357.48 
 Others Financial Liabilities
 - 
 1.25 
 4.64 
Provisions
 130.87 
 177.87 
 114.02 

130.87 
179.12 
476.14 
Current Liabilities



Financial Liabilities



 Borrowings
 32.26 
 52.61 
 152.50 
 Trade Payables
 244.33 
 174.92 
 133.37 
 Other Financial Liabilities
 88.06 
 467.42 
 80.22 
Other Current Liabilities
 72.32 
 71.73 
 73.25 
Provisions
 46.09 
 36.91 
 34.31 

483.06 
803.59 
473.65 
TOTAL EQUITY AND LIABILITIES
4398.48 
4419.39 
4471.02 
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road Kolkata-700020
CIN - L15491WB1962PLC031425, Email : investor.relations@tgbl.com, 
Website : www.tataglobalbeverages.com
Consolidated Financial Results for the quarter and year ended March 31, 2017
Rs. in Crores
Particulars
Unaudited Three months ended
Audited Year ended
March 31, 2017
December 31, 2016
March 31, 2016
March 31, 2017
March 31, 2016
Revenue from Operations
1674.26
1743.86
1598.35
6779.55
6636.54
Other Income
16.82
14.30
26.34
83.10
82.00
Total Income
1691.08
1758.16
1624.69
6862.65
6718.54
Cost of Materials Consumed
791.52
848.47
789.19
3205.82
3312.52
Purchase of stock in trade
117.18
114.26
74.70
356.44
288.97
Changes in inventories of finished goods, work in progress and stock in trade
(77.45)
(28.18)
(18.47)
(0.69)
20.11
Employee Benefits Expense
213.21
204.33
198.99
834.95
805.06
Finance Costs
24.77
21.57
44.43
91.53
116.90
Depreciation and Amortisation Expenses
31.20
31.08
24.61
126.04
116.79
Advertisement and Sales charges
165.86
179.10
134.00
584.65
577.52
Other Expenses
285.03
241.89
259.89
1007.25
978.03
Total Expenses
1551.32
1612.52
1507.34
6205.99
6215.90
Profit before Exceptional Items and Tax
139.76
145.64
117.35
656.66
502.64
Exceptional Items (Net)
(42.50)
49.54
(314.76)
5.30
(332.88)
Profit before Tax
97.26
195.18
(197.41)
661.96
169.76
Tax Expense
(12.90)
(50.32)
(52.22)
(198.31)
(200.01)
Net Profit after Tax
84.36
144.86
(249.63)
463.65
(30.25)
Share of net profit/(loss) in Associates and Joint Ventures using equity method
(33.24)
(0.32)
(19.27)
(8.85)
(6.84)
GROUP CONSOLIDATED NET PROFIT (A)
51.12
144.54
(268.90)
454.80
(37.09)
Attributable to :





Owners of the Parent
31.41
127.63
(216.07)
389.44
(5.52)
Non Controlling Interest
19.71
16.91
(52.83)
65.36
(31.57)
Other Comprehensive Income





i) Items that will not be reclassified to profit and loss





Remeasurement of the defined benefit plan
30.96
15.52
(28.23)
10.24
(51.49)
Changes in fair valuation of equity instruments
112.46
(26.62)
(46.63)
259.37
(137.10)
143.42
(11.10)
(74.86)
269.61
(188.59)
ii) Items that will be reclassified to profit and loss





Exchange differences on translation of foreign operations
(144.98)
66.12
(58.83)
(567.36)
150.49
Gains/(loss) on Effective portion of cash flow hedges
8.36
(18.70)
(4.48)
19.78
(9.14)

(136.62)
47.42
(63.31)
(547.58)
141.35
Total Other Comprehensive Income, net of tax (B)
6.80
36.32
(138.17)
(277.97)
(47.24)
Attributable to :





Owners of the Parent
20.59
42.23
(129.10)
(198.83)
(67.16)
Non Controlling Interest
(13.79)
(5.91)
(9.07)
(79.14)
19.92
Total Comprehensive Income (A+B)
57.92
180.86
(407.07)
176.83
(84.33)
Attributable to :





Owners of the Parent
52.00
169.86
(345.17)
190.61
(72.68)
Non Controlling Interest
5.92
11.00
(61.90)
(13.78)
(11.65)
Paid-up equity share capital (Face value of Re 1 each)
63.11
63.11
63.11
63.11
63.11
Reserves excluding Revaluation Reserve



6180.53
6162.20
Earnings per share (Basic & Diluted) (not annualised for the quarter) - Rs
0.50
2.02
(3.42)
6.17
(0.09)
Notes:
1. The Company has adopted, Indian Accounting Standards (Ind AS) from April 1, 2016. Financial results of all the periods presented have been prepared in accordance with the recognition and measurement principles of Ind AS. 
2. (a) For the quarter, Income from operations at Rs 1674 Crores increased by 5% as compared to corresponding quarter of the previous year. At previous year exchange rate the increase is 7%. For the year, income from operations at Rs 6780 Crores increased by 2% as compared to the corresponding year. At previous year exchange rate the increase is 3%.
For the quarter, Profit from operations at Rs 148 Crores is higher by 9% as compared to the corresponding quarter of the previous year despite higher advertising spends. For the year, profit from operations at Rs 665 Crores is higher by 24%. The improvements in operating profits reflect higher sales, good cost management and lower commodity costs.
Reconciliation of Profit before tax and exceptional items to Profit from operations is given below:
Rs in Crores
Three months ended
Year ended
March 31, 2017
December 31, 2016
March 31, 2016
March 31, 2017
March 31, 2016
Profit before Exceptional Items and Tax
139.76
145.64
117.35
656.66
502.64
Less : Other income
(16.82)
(14.30)
(26.34)
(83.10)
(82.00)
Add : Finance cost
24.77
21.57
44.43
91.53
116.90
Profit from Operations
147.71
152.91
135.44
665.09
537.54
Group Consolidated net profit for the quarter as well for the year record significant growth due to improved operating performance and lower level of exceptional expenditure. 
(b) Profit after tax of the previous year as well as of the corresponding quarter of the previous year as reported under previous GAAP had profit from sale of equity investments of Rs 327.79 Crores, which under Ind AS have been accounted under retained earnings. 
3. The financial results includes following under Exceptional items:
Rs in Crores 
Particulars
Three months ended
Year ended
March 31 2017
March 31 2016
March 31 2017
March 31 2016
Gain on conversion of a Joint Venture into a subsidiary*
-
-
50 
-
Impairment of intangible / other assets**
(27)
(288)
(27)
(288)
Reorganisation and Restructuring cost
(9)
(9)
(11)
(19)
Loss on assets held for sale ***
(7)
- 
(7)
- 
Acquisition related expenditure
-
(13)
-
(13)
Provision for retrospective amendment of legislation relating to employee benefits
-
-
-
(5)
Levy relating to past demerged business
-
-
-
(3)
Other exceptional items
-
(5)
-
(5)
Income / (Expenditure)(net)
(43)
(315)
5
(333)


*  Represent a gain, based on fair valuation, determined as per Ind AS 103 - Business Combinations, arising out of the conversion of an overseas joint venture to a subsidiary pursuant to amendments in the operating agreement.
**  Represents non-cash impairment loss mainly on goodwill relating to branded business in Australia. While the Group is actively pursuing various growth opportunities, the accounting impairment has been recognised due to factors like decline in category growth rate and higher competitive intensity. 
*** Represent write down of net assets, relating to a business in East Europe, classified as held for sale. 
4. (a) Reconciliation between consolidated financial results for the quarter and year ended March 31, 2016, as previously reported referred to as previous GAAP and Ind AS are as under:


Adjustments under Ind AS

For the Quarter 
Rs in Crores
Previous GAAP
Revenue 
(Note i)
Equity Accounting
of JV results
Fair 
valuation 
of
Agricultural Produce
Effective interest
method for debenture redemption premium
Profit on sale of equity investments
(Note ii)
Others 
(Note iii)
Ind AS
March 
31, 2016
March 31, 2016
Revenue from Operations
1965.57
(209.73)
(147.49)
-
-

(10.00)
1598.35
Profit from Operations
132.15
-
1.41
(5.88)
-

7.76
135.44
Group Consolidated Net Profit before Minority interest
85.04
-
(0.20)
(5.88)
(4.32)
(327.79)
(15.75)
(268.90)


Adjustments under Ind AS

Year ended 
Rs in Crores
Previous GAAP
Revenue 
(Note i)
Equity Accounting
of JV results
Fair 
Valuation
of Agricultural Produce
Effective interest
method for debenture redemption premium
Profit on sale of equity investments
(Note ii)
Others 
(Note iii)
Ind AS
March 
31, 2016
March 31, 2016
Revenue from Operations
8110.51
(843.48)
(620.49)
-
-

(10.00)
6636.54
Profit from Operations
531.73
-
10.71
(32.45)
-
-
28.25
537.54
Group Consolidated Net Profit before Minority interest
333.63
-
(1.90)
(24.73)
(16.48)
(327.79)
0.18
(37.09)
Note i - Expenditure required to be offset from sales on account of measurement criteria for Revenue.
Note ii - Profit on sale of equity investments is de-recognized, as these instruments are fair valued at period ends under Ind AS and profit or loss recognised under Other comprehensive income.
Note iii - Others mainly include expenditure capitalised, depreciation & amortisation adjustments and impact on the results of Associates mainly on account of fair valuation of agricultural produce.
(c) Equity reconciliation as at March 31, 2016 and March 31, 2015:
Rs in Crores
Note
Year Ended
March 31, 2016
March 31, 2015
Equity as per previous GAAP

6599.61
6367.73




Fair value of equity instrument 
(a)
336.23
801.57
Reversal of proposed dividend including tax
(b)
186.99
186.99
Others

(13.89)
18.71
Total Transition Adjustments

509.33
1007.27




Equity as per Ind AS

7108.94
7375.00
Note (a): Under Ind AS, equity instruments are measured at fair values.
Note (b): Under Ind AS, proposed dividends are only recognised when approved by the shareholders in the general meeting. 
5. The major part of the Holding Company's business arises from operations outside India and through its subsidiaries. In view of this the Company has opted to publish only consolidated results for the year as permitted under SEBI guidelines. The Total Income, Profit before tax and Profit after tax of the Holding Company's standalone financial results are given below : 
In Rs Crores
Three months ended
Year ended
March 31, 2017
December 31, 2016
March 31, 2016
March 31, 2017
March 31, 2016
Total Income 
710.94
804.67
703.08
3160.23
3098.27
Profit before Tax
63.15
96.76
14.73
386.19
316.88
Profit after Tax [refer note 2 (b)]
43.96
72.46
6.04
276.00
226.49
Total Comprehensive Income
151.95
44.89
(42.15)
516.18
79.82
Earnings per share - Rs (not annualised for the quarter)
0.70
1.15
0.10
4.37
3.59
6. Figures for the quarter ended March 31, 2017 and March 31, 2016 are the balancing figures between audited figures in respect of the full financial year and published year to date figures up to the third quarter of the relevant financial year.
7. Consolidated Statement of Asset and Liabilities as at March 31, 2017 along with comparatives is annexed.
8. The Board of Directors has recommended a dividend payment of Rs. 2.35 per share (Face value Re. 1 each) for the year ended March 31, 2017.
9. Previous period's figures have been regrouped / rearranged, to the extent necessary, to conform to current period's classifications. 
10. The aforementioned results were reviewed by the Audit Committee of the Board on May 29, 2017 and subsequently taken on record by the Board of Directors at its Meeting held on May 30, 2017. The Statutory Auditors of the company have audited the annual results.
11. The Consolidated and Standalone result for the year ended March 31, 2017 are available on the Bombay Stock Exchange website (URL: www.bseindia.com ), the National Stock Exchange website (URL: www.nseindia.com) and on the Company's website (URL: www.tataglobalbeverages.com ).

Harish Bhat
Mumbai: May 30, 2017 
(Chairman)
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road Kolkata-700020
CIN - L15491WB1962PLC031425, Email : investor.relations@tgbl.com, 
Website : www.tataglobalbeverages.com
Consolidated Segment wise Revenue, Results, Assets and Liabilities
for the quarter and year ended March 31, 2017
Rs. in Crores
Particulars
Unaudited Three months ended 
Audited Year ended 
March 31, 2017
December 31, 2016
March 31, 2016
March 31, 2017
March 31,
2016
Segment Revenue





Branded Business





(a) Tea
1185.27 
1238.73 
1111.39 
4803.48 
4715.58 
(b) Coffee
270.34 
289.82 
290.92 
1117.84 
1118.82 
(c) Others
11.16 
9.05 
7.71 
35.96 
28.87 
 Total Branded Business
1466.77 
1537.60 
1410.02 
5957.28 
5863.27 
 Non Branded Business
224.42 
225.54 
199.17 
890.05 
815.58 
Total Segment Revenue
1691.19 
1763.14 
1609.19 
6847.33 
6678.85 
Less: Inter segment Sales
(16.93)
(19.28)
(10.84)
(67.78)
(42.31)
Income from Operations
1674.26 
1743.86 
1598.35 
6779.55 
6636.54 
Segment Results





Branded Business 





(a) Tea
112.96 
143.55 
137.07 
577.72 
578.58 
(b) Coffee
48.54 
30.85 
37.32 
178.92 
129.51 
(c) Others
(7.26)
(6.23)
(10.40)
(22.11)
(27.57)
Total Branded Business
154.24 
168.17 
163.99 
734.53 
680.52 
Non Branded Business
46.09 
28.66 
23.90 
136.97 
72.00 
Total Segment Results
200.33 
196.83 
187.89 
871.50 
752.52 
Add/Less





Finance Cost
(24.77)
(21.57)
(44.43)
(91.53)
(116.90)
Other Unallocable items, Other Income & Exceptional Items
(78.30)
19.92 
(340.87)
(118.01)
(465.86)
Profit Before Tax
97.26 
195.18 
(197.41)
661.96 
169.76 
Segment Assets





Branded Business 





(a) Tea
4145.91 
4652.28 
4403.46 
4145.91 
4403.46 
(b) Coffee
1763.13 
1876.60 
1843.32 
1763.13 
1843.32 
(c) Others
44.81 
44.03 
32.59 
44.81 
32.59 
Total Branded Business
5953.85 
6572.91 
6279.37 
5953.85 
6279.37 
Non Branded Business
965.55 
913.43 
901.79 
965.55 
901.79 
Total Segment Assets
6919.40 
7486.34 
7181.16 
6919.40 
7181.16 
Unallocable Corporate Assets
2665.48 
2822.86 
2830.44 
2665.48 
2830.44 
Total Assets
9584.88 
10309.20 
10011.60 
9584.88 
10011.60 
Segment Liabilities





Branded Business 





(a) Tea
795.74 
832.61 
796.93 
795.74 
796.93 
(b) Coffee
178.62 
209.16 
164.39 
178.62 
164.39 
(c) Others
40.42 
24.20 
13.08 
40.42 
13.08 
Total Branded Business
1014.78 
1065.97 
974.40 
1014.78 
974.40 
Non Branded Business
111.25 
116.14 
100.10 
111.25 
100.10 
Total Segment Liabilities
1126.03 
1182.11 
1074.50 
1126.03 
1074.50 
Unallocable Corporate Liabilities
1273.85 
1953.80 
1828.16 
1273.85 
1828.16 
Total Liabilities
2399.88 
3135.91 
2902.66 
2399.88 
2902.66 
Notes:
a. The group has organised business into Branded Segment and Non Branded Segment. Branded Segment is further sub-categorised as Branded Tea, Branded Coffee and the residual as Branded Others. Accordingly, the group has reported its segment results for these segments. This complies with Ind AS - 108 - Segment reporting principles, and is made effective from 1st April, 2015.
b. Business Segments: The internal business segmentation and the activities encompassed therein are as follows:
i)  Branded Business - 
 Branded Tea : Sale of branded tea and various value added forms
  Branded Coffee : Sale of coffee in various value added forms
  Branded Others : Sale of water products
ii)  Non Branded Business - Plantation and Extraction business for Tea, Coffee and other produce.
c. The segment wise revenue, results, assets and liabilities figures relate to the respective amounts directly identifiable to each of the segments. Unallocable items includes expenses incurred on common services at the corporate level, other income and exceptional items.

Harish Bhat
Mumbai: May 30, 2017 
(Chairman)


Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road Kolkata-700020
CIN - L15491WB1962PLC031425, Email : investor.relations@tgbl.com, 
Website : www.tataglobalbeverages.com
Audited Consolidated Statement of Assets and Liabilities as at March 31, 2017
Rs. in Crores

2017
2016
April 1, 2015
ASSETS



Non-Current Assets



Property Plant and Equipment
698.17 
731.37 
666.57 
Capital Work in Progress
60.36 
33.12 
33.91 
Investment Property
68.66 
70.09 
71.18 
Goodwill
3497.91 
3709.55 
3804.30 
Other Intangible Assets
307.85 
220.88 
269.72 
Intangible Assets under Development
2.83 
6.30 
4.19 
Investments accounted for using Equity method
345.36 
438.30 
426.51 
Financial Assets



Investments
939.33 
684.22 
1157.23 
Loans
58.70 
58.72 
109.70 
Other Financial Assets
37.67 
39.87 
36.49 
Deferred Tax Assets (Net)
61.98 
116.84 
71.18 
Non-current Tax Assets (net)
62.89 
44.64 
33.28 
Other Non Current Assets
81.69 
115.18 
74.74 

6223.40 
6269.08 
6759.00 
Current Assets



Inventories
1452.96 
1629.01 
1562.10 
Financial Assets



Investments
166.35 
173.33 
11.71 
Trade Receivables
592.45 
592.43 
581.09 
Cash and Cash Equivalent
565.72 
492.87 
554.80 
Other Bank balances
9.10 
8.16 
7.71 
Loans
277.57 
601.18 
585.12 
Other Financial Assets
81.08 
79.47 
81.14 
Current Tax Assets (net)
13.98 
7.99 
9.70 
Other Current Assets
150.44 
158.08 
126.63 

3309.65 
3742.52 
3520.00 
Assets of disposal group
51.83 
 - 
 - 
TOTAL ASSETS
9584.88 
10011.60 
10279.00 
EQUITY AND LIABILITIES



Equity


Equity Share Capital
63.11 
63.11 
61.84 
Other Equity
6202.39 
6184.06 
6422.42 
Equity attributable to the equity holders of the company
6265.50 
6247.17 
6484.26 
Non Controlling Interest
919.50 
861.77 
890.74 
Total Equity
7185.00
7108.94 
7375.00 
Share Suspense Account
 - 
 - 
1.27 
Non-Current Liabilities



Financial Liabilities



Borrowings
450.10 
504.12 
914.36 
Other Financial Liabilities
6.71 
7.33 
11.63 
Provisions
208.97 
291.76 
249.28 
Deferred Tax Liabilities (Net)
207.36 
195.41 
160.98 

873.14 
998.62 
1336.25 
Current Liabilities



Financial Liabilities



Borrowings
320.23 
408.56 
385.92 
Trade Payables
737.76 
677.30 
688.62 
Other Financial Liabilities
244.08 
636.86 
303.67 
Other Current Liabilities
78.57 
74.79 
75.43 
Provisions
115.85 
100.64 
94.43 
Current Tax Liabilities (net)
4.50 
5.89 
18.41 

1500.99 
1904.04 
1566.48 
Liabilities of disposal group
25.75 
 - 
 - 
TOTAL EQUITY AND LIABILITIES
9584.88 
10011.60 
10279.00 

This information is provided by RNS
The company news service from the London Stock Exchange
  END
FR OKDDKNBKDBAK