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Annual Report
GROUP 7
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”
Companies Business
Provides Wide range of information technology
Outsourcing
Business Consulting
Related Services in the field – Education, Health Care
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
Our Leadership Team
Non Independent
and Executive
Non Independent And
Non Executive
Independent Non
Executive
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
Index Classification
Non Financial
STatement
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
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.
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.
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.
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.
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
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
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
Accounting Equation
Asset = Liability + Equity
57,604.19 = 13552.31 + 44051.88
THANK YOU
Any Questions 

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TCS Annual Report - 2014 Assignment

  • 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
  • 16. Accounting Equation Asset = Liability + Equity 57,604.19 = 13552.31 + 44051.88