| Consolidated cash flow statement for the year ended 31 March 2011 |
| |
| (Rs. crore) |
For the Year ended 31 March 2011 |
Year ended 31 March 2010 |
| |
|
|
| A. Cash flow from operating activities |
| Profit before tax |
3,843.19 |
6,180.76 |
| Adjustment for: |
|
|
| |
Interest and finance charges |
1,839.34 |
1,104.14 |
| |
Depreciation |
2,724.55 |
2,781.50 |
| |
Impairment (net) |
25.46 |
2.10 |
| |
Unrealised exchange (gain) / loss (net) |
127.90 |
50.73 |
| |
Employee stock option |
1.34 |
1.00 |
| |
Provisions / Provisions written-back (net) |
(21.42) |
(20.65) |
| |
Incidental/ Miscellaneous Expenditure written-off |
0.29 |
12.31 |
| |
Write-off and amortisation of fair value adjustments |
(70.13) |
(715.14) |
| |
Impact of foreign exchange translation (net) |
(177.13) |
(200.91) |
| |
Loss/ (Gain) on derivative transactions (net) |
370.72 |
(2,698.97) |
| |
Investing activities (net) |
(421.57) |
(304.60) |
| |
Other non-cash Items |
- |
(14.96) |
| Operating profit before working capital changes |
8,242.54 |
6,177.31 |
| Changes in working capital: |
|
|
| |
Inventories |
(2,708.73) |
(3,110.95) |
| |
Trade and other receivables |
(1,686.71) |
(650.75) |
| |
Trade payables |
3,692.33 |
3,163.31 |
| |
Cash generation from operation |
7,539.43 |
5,578.92 |
| |
Payment of miscellaneous expenditure |
(0.04) |
(0.02) |
| |
Payment of Direct Taxes |
(1,313.09) |
(635.25) |
| Net cash generated/(used) - operating activities |
6,226.30 |
4,943.65 |
| |
| B. Cash flow from investing activities |
| Purchase of fixed assets |
(7,865.84) |
(4,287.22) |
| Sale of fixed assets |
148.79 |
104.84 |
| Purchase / sale of investments (Net) |
507.41 |
(1,614.32) |
| Loans / repayment of loans (net) |
49.31 |
(37.05) |
| Interest received |
147.01 |
145.30 |
| Dividend received |
302.93 |
240.06 |
| Net cash generated / (used) - investing activities |
(6,710.39) |
(5,448.39)
|
| |
| C. Cash flow from financing activities |
| Proceeds from shares issued (net of expenses) |
9.90 |
2,754.26 |
| Repayment of preference shares capital on redemption |
- |
(0.41) |
| Capital Subsidy Received |
1.75 |
- |
| Proceeds / repayment of long term borrowings (net) |
7,464.96 |
(685.44) |
| Proceeds / repayment of short term borrowings (net) |
(3,726.52) |
364.50 |
| Interest and finace charges |
(2,540.96) |
(1,677.12) |
| Dividend paid (including dividend tax) |
(383.79) |
(327.41) |
| Net cash generated/ (used) - financing activities |
825.34 |
428.38 |
| Net increase / (decrease) in cash and cash equivalents |
341.25 |
(76.36) |
| Add: opening cash and cash equivalents |
2,185.78 |
2,182.00 |
| Add: Exchange variation on cash and cash equivalents |
19.71
|
80.14 |
| Closing cash and cash equivalents |
2,546.74 |
2,185.78 |
Notes:
- Closing Cash and Cash Equivalents represents Cash and Bank Balances except Rs. 9.60 crores (Previous year Rs.9.61 crores) lying in designated account with banks on account of margin money, security deposits, unclaimed dividend etc., which are not available for use by the Group.
- 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 have been regrouped/ rearranged wherever necessary.
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