for the year ended March 31, 2015
` Crores
Particulars |
For the year ended March 31, 2015 |
For the year ended March 31, 2014 |
A. Cash Flow from Operating Activities |
||
Net Profit Before Tax | 3,291.96 | 2,864.10 |
Adjustments for: | ||
Add: Depreciation and amortisation | 540.45 | 1,107.37 |
Loss on fixed assets sold/discarded | 22.84 | 13.98 |
Loss on sale of non-trade current investments | 0.21 | 1.26 |
Provision for diminution in value of investment: | ||
Exceptional item: Long term trade investment - Non Current | 144.73 | - |
Long term non trade investment | 0.72 | 0.45 |
Finance cost | 11.70 | 11.82 |
Exchange differences | 0.03 | 3.02 |
Impairment of goodwill on consolidation | 3.94 | - |
Provision for doubtful debts | 0.70 | 0.85 |
725.32 | 1,138.75 | |
Less: Interest on long term and current non-trade investments | 50.37 | 53.10 |
Interest on loans, deposits etc. | 99.64 | 90.27 |
Profit on sale of fixed assets | 0.68 | 0.68 |
Foreign currency translation (net) | 3.64 | - |
Dividend income: | ||
On current Investments - Non-Trade | 1.50 | 0.69 |
On long-term investments-Trade and Non trade | 0.06 | 0.06 |
Profit on sale of non-trade current investments | 320.75 | 300.65 |
476.64 | 445.45 | |
Operating profit before working capital changes | 3,540.64 | 3,557.40 |
Changes in working capital: | ||
Adjustment for (increase)/decrease in operating assets: | ||
Add: Inventories | (191.84) | (32.79) |
Trade receivables | (451.97) | (259.46) |
Short-term loans and advances | (243.03) | (16.83) |
Long-term loans and advances | (23.14) | (131.96) |
Other current assets | (30.78) | - |
(940.76) | (441.04) | |
Adjustment for increase/(decrease) in operating liabilities: | ||
Less: Trade payables | 564.59 | 417.93 |
Other current liabilities | (5.22) | 52.74 |
Other long-term liabilities | 6.88 | 3.47 |
Short-term provisions | 2.99 | 2.15 |
Long-term provisions | 16.23 | 19.82 |
585.47 | 496.11 | |
Cash generated from operations | 3,185.35 | 3,612.47 |
Less: Direct taxes paid | 999.84 | 649.45 |
Net cash from operating activities | 2,185.51 | 2,963.02 |
B. Cash Flow from Investing Activities |
||
Proceeds from sale of fixed assets | 2.71 | 4.05 |
Sale / (Purchase) of investments (net) | 1,349.29 | (8.66) |
Investment in Associates | (152.40) | (148.96) |
Inter corporate deposits received back | 515.00 | 625.00 |
Inter corporate deposits paid | (295.00) | (605.00) |
Interest received on long term and current non-trade investments | 30.85 | 51.58 |
Interest received on loans, deposits etc. | 99.64 | 90.27 |
Dividend income | ||
On current Investments - Non-Trade | 1.50 | 0.69 |
On long-term investments-Trade and Non trade | 0.06 | 0.06 |
Capital expenditure on fixed assets, including capital advances | (1,232.93) | (941.47) |
Payment of deferred credits | (287.34) | (685.36) |
Net cash (used) in investing activities | 31.38 | (1,617.80) |
C Cash Flow from Financing Activities |
||
Interest paid | (11.07) | (11.82) |
Dividends paid | (1,897.03) | (1,199.29) |
Tax on dividend | (322.40) | (203.82) |
Proceeds from issue of equity share capital | - | 1.20 |
Proceeds from long-term borrowings | 12.00 | - |
Proceeds from long-term borrowings | 88.00 | - |
Net cash (used) in financing activities | (2,131.13) | (1,413.73) |
D Increase/(Decrease) in Cash and Cash Equivalents (A+B+C) |
85.76 | (68.51) |
Cash and cash equivalents at the beginning of the year | 68.74 | 134.95 |
Add: on account of amalgamation (refer note 37) | - | 2.30 |
Cash and cash equivalents at the end of the year | ||
Cash and bank balances | 154.50 | 68.74 |
154.50 | 68.74 | |
Reconciliation | ||
Cash and Bank balances as per Balance Sheet | 215.78 | 119.83 |
Less: Unpaid dividend current account with Banks | 61.28 | 51.09 |
Net Cash and cash equivalents at the end of the year | 154.50 | 68.74 |
Accompanying notes forming part of the financial statements
In terms of our report attached For DELOITTE HASKINS & SELLS Chartered Accountants |
For and on behalf of the Board of Directors | |
Brijmohan Lall Munjal Chairman DIN - 0004134 |
||
Jaideep Bhargava Partner |
Pawan Munjal Vice Chairman, Managing Director & CEO DIN - 00004223 |
Pradeep Dinodia Chairman-Audit Committee DIN - 00027995 |
New Delhi May 7, 2015 |
Ravi Sud Sr. Vice President & CFO |
IIam C. Kamboj Asso. V. P. Legal & Company Secretary |