| Cash flow statement for the year ended 31 March 2011 |
| (Rs.crore) |
| |
For the year ended 31 March 2011 |
For the year ended 31 March 2010 |
| A. Cash flow from operating activities |
| Net profit before tax | 2,594.74 | 2,264.56 |
| Adjustment for: | |
|
| |
Interest and finance charges |
219.96 | 278.00 |
| |
Depreciation |
687.48 | 671.36 |
| |
Impairment |
- | (4.15) |
| |
Unrealised foreign exchange gain / loss (net) |
(35.93) | (34.68) |
| |
Employee stock option |
1.34 | 1.00 |
| |
Provisions / (Provisions written-back) - net |
(31.89) | (29.47) |
| |
Loss / (gain) on derivative transactions (net) |
61.45 | 26.60 |
| |
Provision / (write back) for diminution in carrying cost of investments (net) |
5.15 | 0.29 |
| |
Investing activities (net) |
(317.17) | (254.87) |
| Operating profit before working capital changes | 3,185.13 | 2,918.64 |
| Changes in working capital: | |
|
| |
Change in inventories |
(1,730.78) | (1,851.27) |
| |
Change in trade and other receivables |
(61.95) | (507.37) |
| |
Change in trade payables |
1,601.39 | 1,549.68 |
| Cash generated from operation | 2,993.79 | 2,109.68 |
| Payement of direct taxes | (736.42) | (392.40) |
| Net cash generated/(used) - operating activities | 2,257.37 | 1,717.28 |
| |
| B. Cash flow from investing activities |
| Purchase of fixed assets |
(5,749.36) | (2,641.59) |
| Sale of fixed assets |
6.91 | 22.36 |
| Purchase / sale of shares of subsidiaries (net) |
(255.23) | (816.06) |
| Return of Capital from Subsidiary (Net) | 2,921.34 | |
| Purchase / sale of investments (net) |
553.07 | (1,501.49) |
| Loans / repayment of advances and loans from subsidiaries (net) |
0.34 | 540.44 |
| Interest received |
67.71 | 95.01 |
| Dividend received |
291.18 | 226.74 |
| Net cash generated / (used) - investing activities | (2,164.04) | (4,074.59) |
| |
| C. Cash flow from financing activities |
| Proceeds from issue of shares and warrants (net of expenses) |
9.09 | 2,750.20 |
| Redemption of preference shares | - | (0.41) |
| Proceeds / repayment of long term borrowings (net) |
(3.16) | (793.59) |
| Proceeds / repayment of short term borrowings (net) |
904.55 | 607.80 |
| Interest and finance charges |
(609.47) | (641.46) |
| Dividend paid (including dividend tax) |
(301.23) | (268.57) |
| Net Cash Generated/ (used) - Financing Activities |
(0.22) | 1,653.97 |
| Net increase / (decrease) in cash and cash equivalents |
93.11
| (703.34) |
| Add: opening cash and cash equivalents |
131.84
| 835.18 |
| Close cash and cash equivalents | 224.95 | 131.84 |
| | | |
Notes: - Closing cash and cash equivalents represent 'Cash and Bank Balances' except Rs.8.44 crore (previous period Rs.8.37 crore) lying in designated account with scheduled banks on account of unclaimed Dividend/ Fractional coupons of Shares, which are not available for use by the Company
- The Cash Flow Statement has been prepared under the indirect method as set out in Accounting Standard (AS) 3:"Cash flow Statement" as specified in the Companies (Accounting Standard) Rule 2006.
- Figures for the previous period have been regrouped / rearrranged wherever found necessary.
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