ilovepdf_merged (1) (1).ilovepdf_merged (1) (1).pdf

final accounts

1. Standalone Balance Sheet
as at March 31, 2022
(` in million)
Note
No.
As at
March 31, 2022
As at
March 31, 2021
A Assets
1. Non-current assets
Property, plant and equipment 4(a) 9,305 9,087
Right of use assets 33(a) 1,638 2,002
Capital work-in progress 4(b) 6,054 4,878
Investment properties 5 1,172 1,318
Investments in subsidiaries, associate and joint venture 6 373 218
Financial assets
(i) Investments 7(a)(i) 43,781 34,077
(ii) Loans 7(c) 232 263
(iii) Other financial assets 7(f) 317 299
Current tax assets (net) 15 2,646 1,878
Deferred tax assets (net) 8 4,161 5,059
Other non-current assets 9 863 1,034
Total non-current assets 70,542 60,113
2. Current assets
Inventories 10 17,293 12,985
Financial assets
(i) Investments 7(a)(ii) 11,121 17,276
(ii) Trade receivables 7(b) 15,267 13,894
(iii) Cash and cash equivalents 7(d) 1,432 2,889
(iv) Bank balances other than (iii) above 7(e) 15,622 21,616
(v) Loans 7(c) 9,299 5,255
(vi) Other financial assets 7(f) 7,003 9,363
Other current assets 11 6,525 4,344
Total current assets 83,562 87,622
Total assets (1+2) 154,104 147,735
B Equity and Liabilities
1. Equity
Equity share capital 12(a) 295 295
Other equity
(i) Reserves and surplus 12(b) 96,456 87,776
(ii) Other reserves 12(c) 10,128 10,150
Total equity 106,879 98,221
2. Liabilities
Non-current liabilities
Financial liabilities
(i) Lease liabilities 33(b) 531 340
(ii) Other financial liabilities 13(a) 1,188 1,873
Provisions 14 2,449 2,382
Total non-current liabilities 4,168 4,595
Current liabilities
Financial liabilities
(i) Lease liabilities 33(b) 198 198
(ii) Trade payables 13(b)
total outstanding dues to micro enterprises and small enterprises 1,537 1,141
total outstanding dues of creditors other than micro enterprises and small
enterprises
20,867 21,089
(iii) Other financial liabilities 13(a) 4,472 7,399
Provisions 14 11,198 10,731
Other current liabilities 16 4,785 4,361
Total current liabilities 43,057 44,919
Total liabilities 47,225 49,514
Total equity and liabilities (1+2) 154,104 147,735
Summary of significant accounting policies 2
The accompanying notes are an integral part of these standalone financial statements.
In terms of our report attached
For Deloitte Haskins & Sells LLP For and on behalf of the Board
Chartered Accountants Soumitra Bhattacharya (DIN: 02783243)Managing Director
(Firm Registration No. 117366W/W-100018) Guruprasad Mudlapur (DIN: 07598798)Joint Managing Director & Chief
Technology Officer
Monisha Parikh (M. No. 47840) Karin Gilges Chief Financial Officer
Partner Divya Ajith (M. No. F11729)Company Secretary & Compliance
Officer
Place: Bengaluru Place: Bengaluru
Date: May 19, 2022 Date: May 19, 2022
Standalone Statement of Profit and Loss
for the year ended March 31, 2022
(` in million)
Notes
For the year
ended
March 31, 2022
For the year
ended
March 31, 2021
Revenue from contract with customers:
Sale of products 111,047 89,646
Sale of services 4,487 5,206
Other operating revenue 17 2,282 2,328
117,816 97,180
Other income 18 3,963 5,040
Total revenue 121,779 102,220
Expenses:
Cost of materials consumed 19 27,705 23,355
Purchases of stock-in-trade 20 48,032 35,894
Changes in inventories of finished goods,
work-in-progress and stock-in-trade
21 (2,751) (1,523)
Employee benefit expense 22 10,720 9,316
Finance costs 23 289 140
Depreciation and amortization expense 24 3,243 3,414
Other expenses 25 19,540 18,514
Total expenses 106,778 89,110
Profit before exceptional items and tax 15,001 13,110
Exceptional item 14 - 7,439
Profit before tax 15,001 5,671
Tax expense/(credit)
Current tax 26
(i) for the year 2,784 1,928
(ii) relating to earlier years (854) (298)
Deferred tax charge/(credit) 899 (784)
Total tax expense 2,829 846
Profit for the year 12,172 4,825
Other Comprehensive Income (OCI)
Items that will not be reclassified to profit or loss
Changes in fair value of the equity instruments 12(c) (23) 3,805
Income tax relating to above 12(c) & 8 1 (291)
Remeasurement of post-employment benefit obligations 12(b) (134) 381
Income tax relating to above 12(b) 34 (96)
Other Comprehensive Income for the Year (Net of tax) (122) 3,799
Total comprehensive income for the year 12,050 8,624
Earnings per share of nominal value of ` 10/- each – Basic and Diluted 34 413 164
Summary of significant accounting policies 2
The accompanying notes are an integral part of these standalone financial statements.
In terms of our report attached
For Deloitte Haskins & Sells LLP For and on behalf of the Board
Chartered Accountants Soumitra Bhattacharya (DIN: 02783243)Managing Director
(Firm Registration No. 117366W/W-100018) Guruprasad Mudlapur (DIN: 07598798)Joint Managing Director & Chief
Technology Officer
Monisha Parikh (M. No. 47840) Karin Gilges Chief Financial Officer
Partner Divya Ajith (M. No. F11729)Company Secretary & Compliance
Officer
Place: Bengaluru Place: Bengaluru
Date: May 19, 2022 Date: May 19, 2022
180Annual Report 2021-22Bosch Limited 181
COMPANY OVERVIEW BUSINESS OVERVIEW ESG STATUTORY REPORTS FINANCIAL STATEMENTS

2. Standalone Cash Flow Statement
for the year ended March 31, 2022
(` in million)
Notes
For the year
ended
March 31, 2022
For the year
ended
March 31, 2021
A. Cash Flow from Operating Activities
Profit before income tax 15,001 5,671
Adjustments for:
Depreciation and impairment expense 24 3,243 3,414
Unrealised exchange loss (net) 66 27
(Profit)/Loss on sale of property, plant and equipment (net) 18 (19) 9
Profit on derecognition of right of use assets 18 (13) -
Provision for doubtful debts 17 & 25 (107) (484)
Bad debts written off 25 191 994
Provision/liabilities no longer required written back 18 (22) (271)
Dividend from equity investments designated at FVOCI 18 (86) (72)
Interest income 18 (2,150) (2,377)
Net gain on financial assets measured at FVTPL 18 (1,662) (2,311)
Amortization of deferred income 18 (11) (9)
Government grant 4(a) 9 11
Finance cost 23 289 140
Operating profit before working capital changes 14,729 4,742
Changes in working capital:
(Increase)/decrease in inventories (4,309) (1,826)
(Increase)/decrease in trade receivables (1,450) (190)
(Increase)/decrease in other financial assets 909 (709)
(Increase)/decrease in other current assets (2,181) (138)
(Increase)/decrease in loans 20 114
(Increase)/decrease in other non-current assets 144 (283)
(Increase)/decrease in other bank balances (86) 41
Increase /(decrease) in trade payables 83 6,451
Increase/(decrease) in other financial liabilities (3,465) 4,298
Increase/(decrease) in provisions 555 (3,066)
Increase/(decrease) in other current liabilities 428 1,611
Net cash generated from operations 5,377 11,045
Income taxes paid (net of refunds) 15 (2,664) (2,695)
Net cash from operating activities 2,713 8,350
B. Cash Flow from Investing Activities
Additions to property, plant and equipment (4,665) (1,998)
Movement in investment property 45 12
Investment in associates, joint venture and subsidiary (155) (10)
Proceeds from sale of property, plant and equipment 3 48
Proceeds from surrender of land rights 542 -
Purchase of investments (36,149) (19,082)
Proceeds from sale of investments 34,312 13,995
Inter corporate deposit given (7,700) (13,850)
Inter corporate deposit repayment received 9,000 13,700
Loan to related parties given (5,773) (501)
Loan to related parties repayment received 1,751 1,750
Investment in deposit accounts (original maturity of more than 3 months) (21,029) (21,500)
Maturity of deposit accounts (original maturity of more than 3 months) 27,110 19,851
Dividends received 86 72
Interest received 2,283 2,882
Net cash used in investing activities (339) (4,631)
Standalone Cash Flow Statement
for the year ended March 31, 2022
(` in million)
Notes
For the year
ended
March 31, 2022
For the year
ended
March 31, 2021
C. Cash Flow from Financing Activities
Dividends paid Note (c)
below
(3,394) (3,095)
Lease rentals paid Note (c)
below
(287) (271)
Interest paid Note (c)
below
(150) (16)
Net cash used in financing activities (3,831) (3,382)
Net cash flows during the year (A+B+C) (1,457) 337
Unrealised exchange gain/(loss) on cash and cash equivalents - -
Cash and cash equivalents at the beginning of the year 2,889 2,552
Cash and cash equivalents at the end of the year 1,432 2,889
(` in million)
Notes
As at
March 31, 2022
As at
March 31,2021
Cash and cash equivalents as per above comprise of the following:
Cash and cash equivalents 7(d) 1,432 2,889
Balance as per statement of cash flows 1,432 2,889
Notes:
(a) Above cash flow statement has been prepared under indirect method in accordance with the Indian Accounting
Standard (Ind AS) 7 on “Statement of Cash Flows”.
(b) Mutual funds dividend reinvested has not been considered above as there was no cash inflow/outflow.
(c) Changes in liabilities arising from financing activities:
March 31, 2022
(` in million)
Non-cash changes
Particulars April 01, 2021
Finance cost
accrued during
the year
Additions (Net) Cash flows March 31, 2022
Dividends 49 - 3,392 (3,394) 47
Lease rentals 538 58 420 (287) 729
Interest 212 231 - (150) 293
Total 799 289 3,812 (3,831) 1,069
March 31, 2021
(` in million)
Non-cash changes
Particulars April 01, 2020
Finance cost
accrued during
the year
Additions (Net) Cash flows March 31, 2021
Dividends 47 - 3,097 (3,095) 49
Lease rentals 738 51 20 (271) 538
Interest 139 89 - (16) 212
Total 924 140 3,117 (3,382) 799
The accompanying notes are an integral part of these standalone financial statements.
In terms of our report attached
For Deloitte Haskins & Sells LLP For and on behalf of the Board
Chartered Accountants Soumitra Bhattacharya (DIN: 02783243)Managing Director
(Firm Registration No. 117366W/W-100018) Guruprasad Mudlapur (DIN: 07598798)Joint Managing Director & Chief
Technology Officer
Monisha Parikh (M. No. 47840) Karin Gilges Chief Financial Officer
Partner Divya Ajith (M. No. F11729)Company Secretary & Compliance
Officer
Place: Bengaluru Place: Bengaluru
Date: May 19, 2022 Date: May 19, 2022
182Annual Report 2021-22Bosch Limited 183
COMPANY OVERVIEW BUSINESS OVERVIEW ESG STATUTORY REPORTS FINANCIAL STATEMENTS

3. Standalone Statement of changes in equity
for the year ended March 31, 2022
A EQUITY SHARE CAPITAL
For the year ended March 31, 2022
(` in million)
Balance as on
April 01, 2021
Changes in Equity
Share Capital due to
Prior Period Errors
Restated Balance as
on April 01, 2021
Changes in Equity
Share Capital
Balance as on
March 31, 2022
295 - 295 - 295
For the year ended March 31, 2021
(` in million)
Balance as on
April 01, 2020
Changes in Equity
Share Capital due to
Prior Period Errors
Restated Balance as
on Balance as on
April 01, 2020
Changes in Equity
Share Capital
Balance as on
March 31,2021
295 - 295 - 295
B OTHER EQUITY
For the year ended March 31, 2022
(` in million)
Particulars
Attributable to the Equity Holders
Total
equity
Reserves and Surplus Other Reserves
Capital
Reserve
Share
Premium
Capital
Redemption
Reserve
General
Reserve
Retained
earnings
Total
Equity
instruments
through Other
Comprehensive
Income
As at April 01, 2021 39 8 86 293 87,35087,776 10,150 97,926
Profit for the year - - - - 12,17212,172 - 12,172
Other comprehensive income - - - - (100)(100) (22) (122)
Total comprehensive income - - - - 12,07212,072 (22) 12,050
Dividend [refer note 30(b)] - - - - (3,392)(3,392) - (3,392)
At March 31, 2022 39 8 86 293 96,03096,456 10,128 106,584
For the year ended March 31, 2021
(` in million)
Particulars
Attributable to the Equity Holders
Total
equity
Reserves and Surplus Other Reserves
Capital
Reserve
Share
Premium
Capital
Redemption
Reserve
General
Reserve
Retained
earnings
Total
Equity
instruments
through Other
Comprehensive
Income
As at April 01, 2020 39 8 86 293 85,33785,763 6,636 92,399
Profit for the year - - - - 4,825 4,825 - 4,825
Other comprehensive income - - - - 285 285 3,514 3,798
Total comprehensive
income
- - - - 5,110 5,110 3,514 8,623
Dividend [refer note 30(b)] - - - - (3,097)(3,097) - (3,097)
At March 31, 2021 39 8 86 293 87,35087,776 10,150 97,926
The accompanying notes are an integral part of these standalone financial statements.
In terms of our report attached
For Deloitte Haskins & Sells LLP For and on behalf of the Board
Chartered Accountants Soumitra Bhattacharya (DIN: 02783243)Managing Director
(Firm Registration No. 117366W/W-100018) Guruprasad Mudlapur (DIN: 07598798)Joint Managing Director &
Chief Technology Officer
Monisha Parikh (M. No. 47840) Karin Gilges Chief Financial Officer
Partner Divya Ajith (M. No. F11729)Company Secretary &
Compliance Officer
Place: Bengaluru Place: Bengaluru
Date: May 19, 2022 Date: May 19, 2022
NOTE 1: GENERAL INFORMATION
Bosch Limited (the “Company”) is the flagship company
of Robert Bosch Group in India. Headquartered out of
Bengaluru, the Company has its key manufacturing facilities
in Nashik, Naganathapura, Jaipur, Gangaikondan, Chennai
and Bidadi. The Company has presence across automotive
technology, industrial technology, consumer goods and
energy and building technology. It manufactures and trades in
products such as diesel and gasoline fuel injection systems,
automotive aftermarket products, industrial equipments,
electrical power tools, security systems and industrial and
consumer energy products and solutions. The Company’s
shares are listed on Bombay Stock Exchange (BSE) and
National Stock Exchange (NSE).
The financial statements are approved for issue by the
Company’s Board of Directors on May 19, 2022.
NOTE 2: SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES
(a) Basis of Preparation:
(i) Compliance with Ind AS
The standalone financial statements are
prepared in accordance with Indian Accounting
Standards (Ind AS) notified under Section 133 of
the Companies Act, 2013 (the Act) [Companies
(Indian Accounting Standards) Rules, 2015]
and presentation requirements of Division II
of Schedule III to the Companies Act, 2013 as
applicable and other relevant provisions of the Act.
(ii) Historical Cost Convention
The standalone financial statement has been
prepared on a historical cost basis, except for:
• certain financial assets and liabilities (including
derivative instruments) that are measured at fair
value at the end of each reporting period; and
• defined benefit plans (plan assets measured at
fair value at the end of each reporting period)
(iii) Classification
The assets and liabilities have been classified
as current or non-current as per the Company’s
normal operating cycle and other criteria set out
in the Schedule III to the Companies Act, 2013.
Based on the nature of products and the time
between the acquisition of assets for processing
and their realisation in cash and cash equivalents,
the Company has ascertained its operating cycle
as 12 months for the purpose of current and non-
current classification of assets and liabilities.
(iv) Recent Accounting Pronouncement
Ministry of Corporate Affairs (“MCA”) notifies new
standard or amendments to the existing standards
under Companies (Indian Accounting Standards)
Rules as issued from time to time. On March 23,
2022, MCA amended the Companies (Indian
Accounting Standards) Amendment Rules, 2022,
as below.
Ind AS 16 – Property Plant and equipment –
The amendment clarifies that excess of net sale
proceeds of items produced over the cost of
testing, if any, shall not be recognized in the profit
or loss but deducted from the directly attributable
costs considered as part of cost of an item of
property, plant, and equipment. The effective date
for adoption of this amendment is annual periods
beginning on or after April 1, 2022. The Company
has evaluated the amendment and there is no
impact on its financial statements.
Ind AS 37 – Provisions, Contingent Liabilities and
Contingent Assets – The amendment specifies
that the ‘cost of fulfilling’ a contract comprises
the ‘costs that relate directly to the contract’.
Costs that relate directly to a contract can either
be incremental costs of fulfilling that contract
(examples would be direct labour, materials) or
an allocation of other costs that relate directly
to fulfilling contracts (an example would be the
allocation of the depreciation charge for an item
of property, plant and equipment used in fulfilling
the contract). The effective date for adoption of this
amendment is annual periods beginning on or after
April 1, 2022, although early adoption is permitted.
The Company has evaluated the amendment and
the impact is expected to be immaterial.
(b) Revenue Recognition:
The Company recognizes revenue under the core
principle to depict the transfer of control to the
Company’s customers in an amount reflecting the
consideration the Company expects to be entitled.
(i) Sale of products is recognized when the control
in the goods are transferred to the buyer which is
when the performance obligation is met, based
on contract with customers. Revenue is based
on price agreed with the customers and are net
of returns, trade discounts, cash discounts, sales
incentives, goods & service tax, etc.
(ii) Sale of services with respect to fixed price
contracts which extend over one accounting period
is recognized on percentage of completion method
over the period of contract with the customers.
Revenue with respect to time-and-material
contracts are recognized at the point of time when
control is transferred to customer. Provisions for
estimated losses, if any, on contracts which are in
progress at the year-end are recorded in the period Notes to the Standalone Financial Statements
for the year ended March 31, 2022
Annual Report 2021-22
185
COMPANY OVERVIEW BUSINESS OVERVIEW ESG STATUTORY REPORTS FINANCIAL STATEMENTS184Bosch Limited

4. Standalone Statement of Profit and Loss
for the year ended March 31, 2023
(` in million)
Notes
For the year
ended
March 31, 2023
For the year
ended
March 31, 2022
Revenue from contracts with customers:
Sale of products 31 141,832 111,047
Sale of services 31 4,286 4,487
Other operating revenue 17 3,175 2,282
149,293 117,816
Other income 18 4,734 3,909
Total income 154,027 121,725
Expenses:
Cost of raw material and components consumed 19 32,691 27,705
Purchases of traded goods 20 63,334 48,032
(Increase)/decrease in inventories of finished goods,
work-in-progress and traded goods

21 (1,397) (2,751)
Employee benefits expense 22 11,459 10,666
Finance costs 23 121 289
Depreciation and amortization expense 24 3,856 3,243
Other expenses 25 25,139 19,540
Total expenses 135,203 106,724
Profit before tax 18,824 15,001
Tax expense/(credit)
Current tax 26
(i) for the year 4,215 2,784
(ii) relating to earlier years 123 (854)
Deferred tax charge/(credit) 241 899
Total tax expense 4,579 2,829
Profit for the year 14,245 12,172
Other comprehensive income (OCI)
Other comprehensive income not to be reclassified to standalone statement of profit
and loss in subsequent periods:
Changes in fair value of the equity instruments 12(c) 1,213 (23)
Income tax effect 12(c) (139) 1
Remeasurement gains/(losses) on defined benefit plans 12(b) 22 (134)
Income tax effect 12(b) (6) 34
Other comprehensive income for the year (net of tax) 1,090 (122)
Total comprehensive income for the year (net of tax) 15,335 12,050
Earnings per share of nominal value of ` 10/- each – Basic and Diluted 34 482.99 412.69
Summary of significant accounting policies 2
The accompanying notes are an integral part of these standalone financial statements.
As per our report of even date
For S.R. Batliboi & Associates LLP For and on behalf of the Board of Directors of Bosch Limited
Chartered Accountants
(ICAI Firm registration
number: 101049W/E300004)
Soumitra Bhattacharya (DIN: 02783243) Managing Director
Guruprasad Mudlapur (DIN: 07598798) Joint Managing Director &
Chief Technology Officer
per Adarsh Ranka Karin Gilges Place: Stuttgart, GermanyChief Financial Officer
Partner
Membership No.: 209567
Date: May 10, 2023
Srinivasan Venkataraman(M. No. A16430) Company Secretary &
Compliance Officer
Place: Bengaluru, India Place: Bengaluru, India
Date: May 10, 2023 Date: May 10, 2023
Standalone Balance Sheet
as at March 31, 2023
(` in million)
Notes
As at
March 31, 2023
As at
March 31, 2022
AAssets
1.Non-current assets
Property, plant and equipment 4(a) 10,562 8,638
Right-of-use assets 33(a) 1,441 1,638
Capital work-in-progress 4(b) 3,655 6,059
Investment properties 5 5,310 1,834
Investment in subsidiaries, associates and jointly controlled entity 6 373 373
Financial assets
(i) Investments 7(a)(i) 42,952 43,781
(ii) Loans 7(c) 179 232
(iii) Other financial assets 7(f) 243 317
Income tax assets (net) 15 2,333 2,646
Deferred tax assets (net) 8 3,781 4,161
Other non-current assets 9 3,404 3,063
Total non-current assets 74,233 72,742
2.Current assets
Inventories 10 19,029 17,293
Financial assets
(i) Investments 7(a)(ii) 6,901 11,121
(ii) Trade receivables 7(b) 19,029 15,343
(iii) Cash and cash equivalents 7(d) 3,792 1,432
(iv) Bank balances other than (iii) above 7(e) 16,777 15,622
(v) Loans 7(c) 10,603 9,299
(vi) Other financial assets 7(f) 6,235 7,003
Other current assets 11 5,995 4,249
Total current assets 88,361 81,362
Total assets (1+2) 162,594 154,104
BEquity and Liabilities
1.Equity
Equity share capital 12(a) 295 295
Other equity
(i) Reserves and surplus 12(b) 98,625 96,456
(ii) Other reserves 12(c) 11,202 10,128
Total equity 110,122 106,879
2.Liabilities
Non-current liabilities
Financial liabilities
(i) Lease liabilities 33(b) 371 531
(ii) Other financial liabilities 13(a) 771 1,188
Provisions 14 1,095 1,046
Total non-current liabilities 2,237 2,765
Current liabilities
Financial liabilities
(i) Lease liabilities 33(b) 161 198
(ii) Trade payables 13(b)
total outstanding dues to micro enterprises and small enterprises 1,426 1,537
total outstanding dues of creditors other than micro enterprises and small
enterprises
25,827 20,867
(iii) Other financial liabilities 13(a) 4,840 4,472
Provisions 14 11,396 12,601
Other current liabilities 16 6,585 4,785
Total current liabilities 50,235 44,460
Total liabilities 52,472 47,225
Total equity and liabilities (1+2) 162,594 154,104
Summary of significant accounting policies 2
The accompanying notes are an integral part of these standalone financial statements.
As per our report of even date
For S.R. Batliboi & Associates LLP For and on behalf of the Board of Directors of Bosch Limited
Chartered Accountants
(ICAI Firm registration
number: 101049W/E300004)
Soumitra Bhattacharya (DIN: 02783243) Managing Director
Guruprasad Mudlapur (DIN: 07598798) Joint Managing Director &
Chief Technology Officer
per Adarsh Ranka Karin Gilges Place: Stuttgart, GermanyChief Financial Officer
Partner
Membership No.: 209567
Date: May 10, 2023
Srinivasan Venkataraman(M. No. A16430) Company Secretary &
Compliance Officer
Place: Bengaluru, India Place: Bengaluru, India
Date: May 10, 2023 Date: May 10, 2023
216Annual Report 2022-23Bosch Limited
217
COMPANY OVERVIEW BUSINESS OVERVIEW ESG NOTICE STATUTORY REPORTS FINANCIAL STATEMENTS

5. Standalone Statement of Cash Flow
for the year ended March 31, 2023
(` in million)
Note No.
For the year
ended
March 31, 2023
For the year
ended
March 31, 2022
Cash and cash equivalents comprise of the following
Balances with banks
- on current accounts 7(d) 908 296
- on Exchange Earner's Foreign Currency ("EEFC") accounts 1,062 143
- deposit accounts with original maturity of less than 3 months 1,822 993
Cash on hand 0 0
Total 3,792 1,432
Non-cash investing activities
Acquisition of right-of-use assets - 463
Notes:
(a) Changes in liabilities arising from financing activities
March 31, 2023
(` in million)
Particulars Non-cash changes
April 1, 2022
Finance cost
accrued during
the year
Additions (Net) Cash flows March 31, 2023
Dividends 47 - 12,092 (12,092) 47
Lease rentals 729 43 - (240) 532
Total 776 43 12,092 (12,332) 579
March 31, 2022
(` in million)
Particulars
Non-cash changes
April 1, 2021
Finance cost
accrued during
the year
Additions (Net) Cash flows March 31, 2022
Dividends 49 - 3,392 (3,394) 47
Lease rentals 538 58 420 (287) 729
Total 587 58 3,812 (3,681) 776
The accompanying notes are an integral part of these standalone financial statements.
As per our report of even date
For S.R. Batliboi & Associates LLP For and on behalf of the Board of Directors of Bosch Limited
Chartered Accountants
(ICAI Firm registration
number: 101049W/E300004)
Soumitra Bhattacharya (DIN: 02783243) Managing Director
Guruprasad Mudlapur (DIN: 07598798) Joint Managing Director &
Chief Technology Officer
per Adarsh Ranka Karin Gilges Place: Stuttgart, GermanyChief Financial Officer
Partner
Membership No.: 209567
Date: May 10, 2023
Srinivasan Venkataraman(M. No. A16430) Company Secretary &
Compliance Officer
Place: Bengaluru, India Place: Bengaluru, India
Date: May 10, 2023 Date: May 10, 2023
Standalone Statement of Cash Flow
for the year ended March 31, 2023
(` in million)
Notes
For the year
ended
March 31, 2023
For the year
ended
March 31, 2022
A. Cash flow from operating activities
Profit before income tax 18,824 15,001
Adjustments to reconcile profit before tax to net cash flows:
Depreciation and impairment expenses 24 3,856 3,243
Unrealized exchange loss/(gain) (net) 48 66
(Gain)/loss on sale of property, plant and equipment (net) 18 & 25 (c) 28 (19)
(Gain)/loss on derecognition of right-of-use assets 18 - (13)
Expected credit loss allowance (written back) 25 (38) (107)
Bad debts written off 25 126 191
Provision/liabilities no longer required (written back) 18 (80) (22)
Dividend income 18 (120) (86)
Interest income 18 (2,670) (2,096)
Net (gain)/loss on financial assets measured at FVTPL 18 (1,816) (1,662)
Amortization of deferred income 18 (21) (11)
Finance cost 23 121 289
Operating profit before working capital changes 18,258 14,774
Working capital adjustments:
(Increase)/decrease in inventories 10 (1,736) (4,309)
(Increase)/decrease in trade receivables 7(b) (3,781) (1,447)
(Increase)/decrease in other financial assets 185 929
(Increase)/decrease in other assets (2,298) (2,041)
(Increase)/decrease in other margin money deposits 7(e) 126 (86)
Increase/(decrease) in trade payables 13(b) 4,809 83
Increase/(decrease) in provisions and other financial liabilities 13 (a) & 14 (1,196) (2,961)
Increase/(decrease) in other current liabilities 16 1,800 428
Net cash generated from/(used in) operations 16,167 5,370
Income taxes paid (net of refunds) 15 (4,031) (2,664)
Net cash flows from operating activities 12,136 2,706
B. Cash flow from investing activities
Purchase of property, plant and equipment and investment properties (6,410) (4,613)
Investment in associates, jointly controlled entity and subsidiary - (155)
Proceeds from disposal of property, plant and equipment 15 3
Proceeds from surrender of land rights 33 - 542
Purchase of investments (49,122) (36,149)
Proceeds from sale of investments 57,201 34,312
Inter corporate deposit given (5,200) (7,700)
Receipts from Inter corporate deposit 6,350 9,000
Loan to related parties (2,067) (5,773)
Repayment of loans by related parties 757 1,751
Net investment in/maturity of deposit accounts (original maturity of more than 3 months)
(1,282) 6,081
Dividends received 120 86
Interest received 2,256 2,283
Net cash generated from/(used in) investing activities 2,618 (332)
C. Cash flow from financing activities
Dividends paid Note (a)
below
(12,092) (3,394)
Payment of lease liabilities Note (a)
below
(240) (287)
Interest paid (62) (150)
Net cash generated from/(used in) financing activities (12,394) (3,831)
Net increase/(decrease) in cash and cash equivalents (A+B+C) 2,360 (1,457)
Cash and cash equivalents at the beginning of the year 1,432 2,889
Cash and cash equivalents at the end of the year 3,792 1,432
218Annual Report 2022-23Bosch Limited
219
COMPANY OVERVIEW BUSINESS OVERVIEW ESG NOTICE STATUTORY REPORTS FINANCIAL STATEMENTS

6. A EQUITY SHARE CAPITAL
For the year ended March 31, 2023
(` in million)
Balance as on April 1, 2022
Changes in
equity share
capital
Balance as on
March 31, 2023
295 - 295
For the year ended March 31, 2022
(` in million)
Balance as on April 1, 2021
Changes in
equity share
capital
Balance as on
March 31, 2022
295 - 295
B OTHER EQUITY
For the year ended March 31, 2023
(` in million)
Attributable to the equity holders
Tot al
equity
Reserves and Surplus Other Reserves
Capital
Reserve
Share
Premium
Capital
Redemption
Reserve
General
Reserve
Retained
earnings
Tot al
Equity
instruments
through Other
Comprehensive
Income
As at April 1, 2022 39 8 86 293 96,030 96,456 10,128 106,584
Profit for the year - - - -14,245 14,245 - 14,245
Other comprehensive income - - - - 16 16 1,074 1,090
Total comprehensive income - - - - 14,26114,261 1,074 15,335
Dividend paid during the year
[refer note 30(b)]
- - - --12,092-12,092 --12,092
At March 31, 2023 39 8 86 293 98,199 98,625 11,202 109,827
For the year ended March 31, 2022
(` in million)
Attributable to the equity holders
Tot al
equity
Reserves and Surplus Other Reserves
Capital
Reserve
Share
Premium
Capital
Redemption
Reserve
General
Reserve
Retained
earnings
Tot al
Equity
instruments
through Other
Comprehensive
Income
As at April 1, 2021 39 8 86 293 87,350 87,776 10,150 97,926
Profit for the year - - - -12,172 12,172 - 12,172
Other comprehensive income - - - - -100 -100 -22 -122
Total comprehensive income - - - -12,072 12,072 -22 12,050
Dividend paid during the year [refer note 30(b)]
- - - --3,392 -3,392 - -3,392
At March 31, 2022 39 8 86 293 96,030 96,456 10,128106,584
The accompanying notes are an integral part of these standalone financial statements.
As per our report of even date
For S.R. Batliboi & Associates LLP For and on behalf of the Board of Directors of Bosch Limited
Chartered Accountants
(ICAI Firm registration
number: 101049W/E300004)
Soumitra Bhattacharya (DIN: 02783243) Managing Director
Guruprasad Mudlapur (DIN: 07598798) Joint Managing Director &
Chief Technology Officer
per Adarsh Ranka Karin Gilges Place: Stuttgart, GermanyChief Financial Officer
Partner
Membership No.: 209567
Date: May 10, 2023
Srinivasan Venkataraman(M. No. A16430) Company Secretary &
Compliance Officer
Place: Bengaluru, India Place: Bengaluru, India
Date: May 10, 2023 Date: May 10, 2023
Standalone Statement of changes in equity
for the year ended March 31, 2023
1. CORPORATE INFORMATION
Bosch Limited (the “Company”) is a public Company
domiciled in India and is incorporated under the
provisions of the Companies Act applicable in India,
Headquartered in Bengaluru. The Company has its
key manufacturing facilities in Nashik, Naganathapura,
Jaipur, Gangaikondan, Chennai and Bidadi. The
Company has presence across automotive technology,
industrial technology, consumer goods and energy
and building technology. It manufactures and trades
in products such as diesel and gasoline fuel injection
systems, automotive aftermarket products, industrial
equipment, electrical power tools, security systems and
industrial and consumer energy products and solutions.
The Company’s shares are listed on Bombay Stock
Exchange (BSE) and National Stock Exchange (NSE).
The financial statements are approved for issue by the
Company’s Board of Directors on May 10, 2023.
2. SIGNIFICANT ACCOUNTING POLICIES
2.1 Basis of preparation
The financial statements are prepared in accordance
with Indian Accounting Standards (Ind AS) notified
under Section 133 of the Companies Act, 2013 (the
Act) [Companies (Indian Accounting Standards) Rules,
2015] and presentation requirements of Division II of
Schedule III to the Companies Act, 2013 as applicable
and other relevant provisions of the Act as applicable.
The financial statements have been prepared on a
historical cost basis, except for the following assets and
liabilities which have been measured at fair value:
• Certain financial assets and liabilities that are
measured at fair value (refer accounting policy
regarding financial instrument) at the end of each
reporting period and
• Derivative financial instruments.
The Company has prepared the financial statements
on the basis that it will continue to operate as a
going concern.
This financial statement has been reported in ` million,
except for information pertaining to number of shares
and earnings per share information. The functional and
presentation currency of the Company is Indian Rupee
(“`”) which is the currency of the primary economic
environment in which the Company operates.
2.2 Summary of significant accounting policies
a) Current versus non-current classification:
The Company presents assets and liabilities in
the balance sheet based on current/non-current
classification. An asset is treated as current when it is:
• Expected to be realized or intended to be sold or
consumed in normal operating cycle
• Held primarily for the purpose of trading
• Expected to be realized within twelve months after
the reporting period, or
• Cash or cash equivalent unless restricted from being
exchanged or used to settle a liability for at least
twelve months after the reporting period.
All other assets are classified as non-current.
A liability is current when:
• It is expected to be settled in normal operating cycle
• It is held primarily for the purpose of trading
• It is due to be settled within twelve months after the
reporting period, or
• There is no unconditional right to defer the settlement
of the liability for at least twelve months after the
reporting period.
The terms of the liability that could, at the option of the
counterparty, result in its settlement by the issue of
equity instruments do not affect its classification.
The Company classifies all other liabilities as
non‑current.
Deferred tax assets and liabilities are classified as non-
current assets and liabilities.
The operating cycle is the time between the acquisition
of assets for processing and their realization in cash
and cash equivalents. The Company has identified
twelve months as its operating cycle.
b) Fair Value measurement
The Company measures financial instruments at fair
value at each balance sheet date. Fair value is the
price that would be received to sell an asset or paid
to transfer a liability in an orderly transaction between
market participants at the measurement date. The fair
value measurement is based on the presumption that
the transaction to sell the asset or transfer the liability
takes place either:
• In the principal market for the asset or liability, or
• In the absence of a principal market, in the most
advantageous market for the asset or liability.
The principal or the most advantageous market must be
accessible by the Company.
The fair value of an asset or a liability is measured using
the assumptions that market participants would use
when pricing the asset or liability, assuming that market
participants act in their economic best interest.Notes to the Standalone Financial Statements
for the year ended March 31, 2023
Annual Report 2022-23
221
COMPANY OVERVIEW BUSINESS OVERVIEW ESG NOTICE STATUTORY REPORTS FINANCIAL STATEMENTS220Bosch Limited