` in crores
| Particulars | Year ended March 31, 2017 | Year ended March 31, 2016 |
|---|---|---|
| A. CASH FLOW FROM OPERATING ACTIVITIES | ||
| Profit after tax and share in profit/(loss) of associates | 3,546.30 | 3,112.29 |
| Adjustments for: | ||
| Add: Depreciation and amortisation | 502.25 | 443.25 |
| Tax expense | 1,339.10 | 1,274.71 |
| Loss on property, plant and equipments sold/discarded | 170.82 | 108.99 |
| Finance cost | 27.28 | 14.61 |
| Employee Stock Compensation Cost | 3.42 | 0.93 |
| 2,042.87 | 1,842.49 | |
| Less: Interest income on financial assets carried at amortised cost | 159.30 | 165.78 |
| Dividend income | 37.98 | 7.18 |
| Profit on sale of investments | 137.85 | 205.15 |
| Gain on investments carried at fair value through profit or loss | 179.60 | 28.34 |
| Share of profit in associates | 317.01 | 34.33 |
| Profit on sale of property, plant and equipments | 0.76 | 0.51 |
| Re-measurement loss on defined benefit plans | 21.58 | 3.62 |
| Foreign currency translation (net) | 2.43 | 7.03 |
| 856.51 | 451.94 | |
| Operating profit before working capital changes | 4,732.66 | 4,502.84 |
| Changes in working capital: | ||
| Adjustment for (increase)/decrease in operating assets: | ||
| Inventories | 53.41 | 99.40 |
| Trade receivables | (269.68) | 89.75 |
| Loans-Current | 1.48 | 0.65 |
| Loans-Non-Current | 3.57 | 3.39 |
| Other financial assets-current | (1.87) | (7.78) |
| Other financial assets-non-current | (2.01) | (4.81) |
| Other current assets | 38.26 | 20.14 |
| Other non-current assets | 68.74 | (18.31) |
| (108.10) | 182.43 | |
| Adjustment for increase/(decrease) in operating liabilities: | ||
| Trade payables | 590.86 | 75.03 |
| Other financial liabilities-Current | 7.87 | 2.96 |
| Other current liabilities | (49.67) | 31.50 |
| Short-term provisions | 12.77 | 8.80 |
| Long-term provisions | 7.82 | 22.25 |
| 569.65 | 140.54 | |
| Cash generated from operations | 5,194.21 | 4,825.81 |
| Less: Direct taxes paid | 1,187.02 | 1,103.44 |
| Net cash from operating activities | 4,007.19 | 3,722.37 |
| B. CASH FLOW FROM INVESTING ACTIVITIES | ||
| Capital expenditure on property, plant & equipment and intangible assets including capital advances |
(1,238.11) | (1,638.45) |
| Proceeds from sale of property, plant & equipment | 1.58 | 9.98 |
| Sale of investments | 28,334.82 | 27,032.19 |
| Purchase of investment | (29,048.77) | (27,677.43) |
| Investment in associates (net of dividend received) | (216.92) | (197.19) |
| Interest income on financial assets carried at amortised cost | 157.47 | 163.54 |
| Dividend income | 37.98 | 7.18 |
| Net cash (used) in investing activities | (1,971.95) | (2,300.18) |
| C. CASH FLOW FROM FINANCING ACTIVITIES | ||
| Interest paid | (27.40) | (13.97) |
| Dividends paid | (1,737.34) | (1,397.81) |
| Tax on dividend | (353.69) | (284.54) |
| Additions to minority interest | 52.72 | 39.58 |
| Proceeds from issue of equity share capital | 1.45 | 0.56 |
| Proceeds from non current-borrowings | 61.92 | 133.98 |
| Proceeds from current-borrowings | (33.52) | 47.47 |
| (2,035.86) | (1,474.73) | |
| Net cash (used) in financing activities | (2,035.86) | (1,474.73) |
| D. INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A+B+C) | (0.62) | (52.54) |
| Cash and cash equivalents at the beginning of the year | 74.68 | 127.22 |
| Cash and cash equivalents at the end of the year | 74.06 | 74.68 |
| See accompanying notes to the consolidated financial statements | 1 to 47 |
In terms of our report attached
For DELOITTE HASKINS & SELLS
Chartered Accountants
Jaideep Bhargava
Partner
Gurugram
May 10, 2017
For and on behalf of the Board of Directors
Pawan Munjal
Chairman, Managing Director & CEO
DIN- 00004223
Pradeep Dinodia
Chairman- Audit Committee
DIN- 00027995
New Delhi
May 10, 2017
Niranjan Kumar Gupta
Chief Financial Officer
Neerja Sharma
Company Secretary
Download Annual Report 2017
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