The annual report summarizes TCS's performance in 2013-14. Some key highlights include: TCS's brand value increased 3 times to $3.04 billion, ranking in the top 4 in the IT sector globally and as the fastest growing IT services brand worldwide. It employs over 300,000 employees of 118 nationalities across 46 countries. The CEO's salary was Rs 130.76 lakhs. The annual general meeting was held on June 27, 2014 in Mumbai where matters such as director appointments, dividend payments, and auditor appointments were discussed.
2. TCS – 2013-14
TCS Brand Value - US $3.04 Billion in 2014 (8.2 Billion)
Brand Value Growth - 3 Times Increase
IT Sector Category – Big 4 position
Fastest Growing IT service Brand Worldwide (2013)
Brand Strength Rating AA+
40th Ranking in “Worlds Most Innovative Companies”
3. Companies Business
Provides Wide range of information technology
Outsourcing
Business Consulting
Related Services in the field – Education, Health Care
4. Employees Details
TCS Promotes Moto – OneTCS
“A Shared Spirit, Common Goal and a Passion to Excel”
Total – 300,000
118 Nationalities
46 Nation
100 Languages
Necessary – Achieve Organisation Goal
5. Our Leadership Team
Non Independent
and Executive
Non Independent And
Non Executive
Independent Non
Executive
6. Remuneration Details
NAME COMMISSION SITTING FEES
Mr. Aman Mehta 170.00 1.40
Mr. V. Thyagaran 125.00 1.60
Prof. Clayton M Christensen 95.00 0.30
Dr. Ron sommer 125.00 1.10
Dr. Vijay Kelkar 100.00 1.10
Mr. O.P Bhatt 105.00 1.90
The CEO Mr N. Chandrasekhar's salary is Rs 130.76 lakhs
8. Annual General Meeting of TCS
Annual general meeting of
TCS limited held : Friday June 27th 2014
3.30pm at Birla Matustri Sabhagar, 19,
Sir Viitaldas Thackersey Marg,
New marine lines
Mumbai 400020
9. Entities Discussed in AGM
oConfirm payment of interim dividend and final dividend on equity shares.
o Declare dividend on redeemable preference shares.
o Re appointment of director Mr. Phiroz Vandrevala.
o Appointment of auditors.
o Appointment of 6 independent directors of the company
oPayment of commission to Non-Whole time directors of the company.
o Appointment of Branch auditors.
10. List of
Equity,
Liability
and Asset
Equity Liability Asset
Shareholders fund:
Share capital
Reserves and surplus
Minority interest
Noncurrent liability
Long term borrowings
Differed tax liabilities
Other long term liabilities
Long term provisions
Current Liabilities
Short term borrowings
Trade payables
Other current liabilities
Short term provisions.
Fixed asset
Tangible asset
Intangible asset
Capital work-in-progress
Noncurrent investment
Differed tax asset (net)
Long term loans and advances
Other non-current asset
Good will (non-consolidation)
CURRENT ASSETS:
Current investment
Inventories
Unbilled revenue
Trade receivable
Cash and bank balance
Short term loans and advances
Other current assets.
11. Details About Note
Inventories:
value of inventories - determine by weighted average basis and net realisable value
Depreciation:
Fixed assets, freehold land, capital work in progress charged to estimate the cost of assets
Depreciation Method – Straight line and written down
Fixed Assets:
Information of asset value with considering – Depreciation, Additional charges, Maintenance.
Individual Expenses Less than Rs 50000 is excluded
Investments:
Long term investment and current maturity of long term investment @ Cost less provision
Cash And Cash balance:
Highly liquid financial instruments with significant risk of change value and maturities of 3 Months or less from date of
purchase.
12. Accounting policies
1. Basis of predation.
2. Uses of estimates.
3. Fixed asset.
4. Depreciation/Amortisations
5. Leases.
6. Investment.
7. Taxation.
8. Foreign currency transaction.
9. Derivative instrument and hedge
investigators
10. Inventories.
11. Provision, Congengt liability and congat
asset.
12. Cash and cash equalling.
13. Imperilment.
14. Employee and benefit.
15. Revenue recognition.
13. Auditor’s Information
Auditors Remuneration - Rs.11.63 corers
Companies auditors: DELOITTE HASKINS AND SELLES LLP (Big 4 Co.)
Chartered accounts (firm Reg. no 117366w/w-1000cp)
P.R Ramesh (partner) appointed by Share Holders
14. Auditors Report
Addressed to
Shareholders and board of directors to analyse financial position
Particulars
a) Report on financial statement
b) Management responsibility for the financial statement
c) Auditors responsibility
d) Opinion
e) Report on other legal and regulatory requirements
15. Other Information
o Accounting measurement assumptions
1. Historical cost convention on accrual basis which are measure at fair value.
2. Revenue recognition.
o The Company’s Management responsible for preparation of Financial Statement
o Not disclosed in the financial statements – CSR and Amount of Risk Taken