` crores
Year ended March 31, 2016 |
Year ended March 31, 2015 |
| A | Cash Flow from Operating Activities | ||||
| Profit before Tax | 4,312.45 |
3,291.96 |
|||
| Adjustments for: | |||||
| Add: Depreciation and amortisation | 447.01 |
540.45 |
|||
| Loss on assets sold/discarded | 108.99 |
22.84 |
|||
| Loss on sale of non-trade current investments | 0.03 |
0.21 |
|||
| Provision for diminution in value of investment: | |||||
| Exceptional item: Long term trade investment - non current | 144.73 |
||||
| Long term non trade investment | 0.52 |
0.72 |
|||
| Finance cost | 11.87 |
11.70 |
|||
| Impairment of goodwill on consolidation | 3.94 |
||||
| Provision for doubtful debts | 0.93 |
0.67 |
|||
| Expense on employee stock option scheme | 3.03 |
0.70 |
|||
572.38 |
725.96 |
||||
| Less: Interest on long term and current non-trade investments | 41.54 |
50.37 |
|||
| Interest on loans, deposits etc. | 124.24 |
99.64 |
|||
| Profit on sale of fixed assets | 0.51 |
0.68 |
|||
| Foreign currency translation (net) | (1.81) |
3.64 |
|||
| Dividend income: | |||||
| On current Investments - Non-Trade | 7.06 |
1.50 |
|||
| On long-term investments-Trade and Non trade | 0.12 |
0.06 |
|||
| Profit on sale of non-trade Long term 8, current investments | 205.18 |
320.75 |
|||
376.84 |
476.64 |
||||
| Operating profit before working capital changes | 4,507.99 |
3,541.28 |
|||
| Changes in working capital: | |||||
| Adjustment for (increase)/decrease in operating assets: | |||||
| Inventories | 99.40 |
(191.84) |
|||
| Trade receivables | 86.71 |
(451.94) |
|||
| Short-term loans and advances | 38.29 |
(243.03) |
|||
| Long-term loans and advances | 44.21 |
(23.14) |
|||
| Other current assets | (22.13) |
(30.78) |
|||
246.48 |
(940.73) |
||||
| Adjustment for increase/(decrease) in operating liabilities: | |||||
| Trade payables | 78.61 |
563.92 |
|||
| Other current liabilities | 28.42 |
(5.22) |
|||
| Other long-term liabilities | 3.56 |
6.88 |
|||
| Short-term provisions | 16.61 |
2.99 |
|||
| Long-term provisions | 18.39 |
16.23 |
|||
145.59 |
584.80 |
||||
| Cash generated from operations | 4,900.06 |
3,185.35 |
|||
| Less: Direct taxes paid | 1,103.65 |
999.84 |
|||
| Net cash from operating activities | 3,796.41 |
2,185.51 |
|||
| B | Cash Flow from Investing Activities | ||||
| Proceeds from sale of fixed assets | 6.63 |
2.71 |
|||
| Sale of investments | 26,972.56 |
20,655.46 |
|||
| Purchase of Investment | (27,521.95) |
(19,306.17) |
|||
| Investment in Associates | (197.19) |
(152.40) |
|||
| Inter corporate deposits received back | 515.00 |
||||
| Inter corporate deposits paid | (295.00) |
||||
| Interest received on long term and current non-trade investments | 30.67 |
30.85 |
|||
| Interest received on loans, deposits etc. | 124.24 |
99.64 |
|||
| Dividend income | |||||
| On current Investments - Non-Trade | 7.06 |
1.50 |
|||
| On long-term investments-Trade and Non trade | 0.12 |
0.06 |
|||
| Capital expenditure on fixed assets, including capital advances | (1,708.02) |
(1,232.93) |
|||
| Payment of deferred credits | - |
(287.34) |
|||
| Net cash from / (used) in investing activities | (2,285.88) |
31.38 |
|||
| C | Cash Flow from Financing Activities | ||||
| Interest paid | (11.23) |
(11.70) |
|||
| Dividends paid | (1,397.81) |
(1,897.03) |
|||
| Tax on dividend | (284.56) |
(322.40) |
|||
| Proceeds from issue of equity share capital | 0.56 |
||||
| Proceeds from long-term borrowings | 136.15 |
12.00 |
|||
| Proceeds from other short-term borrowings (net) | (3.94) |
88.00 |
|||
| Net cash (used) in financing activities | (1,560.83) |
(2,131.13) |
|||
| D | Increase/(Decrease) In Cash and Cash Equivalents (A+B+C) | (50.30) |
85.76 |
||
| Cash and cash equivalents at the beginning of the year | 154.50 |
68.74 |
|||
| Cash and cash equivalents at the end of the year | |||||
| Cash and bank balances | 104.20 |
154.50 |
|||
104.20 |
154.50 |
||||
| Reconciliation | |||||
| Cash and Bank balances as per Balance Sheet | 179.09 |
215.78 |
|||
| Less: Unpaid dividend current account with Banks | 74.89 |
61.28 |
|||
| Net Cash and cash equivalents at the end of the year | 104.20 |
154.50 |
Accompanying notes forming part of the financial statements
| In terms of our report attached | For and on behalf of the Board of Directors | |
| For DELOITTE HASKINS & SELLS Chartered Accountants |
|
|
| Jaideep Bhargava Partner |
Pradeep Dinodia Chairman- Audit Committee DIN- 00027995 |
Ravi Sud Sr. Vice President & CFO |
| New Delhi May 5, 2016 |
||
