Cash Flow
For the year ended March 31, 2012
For the
Current
Year ended
31.03.2012 in million |
For the
Previous
Year ended
31.03.2011 in million |
|
| A. Cash Flow from Operating Activities | ||
| Profit before Tax | 10,047.1 | 8,436.8 |
| Adjustments for: | ||
| Depreciation and Amortisation Expense | 1,319.6 | 1,042.8 |
| Loss on sale / discard of Fixed Assets (net) | 174.4 | 92.6 |
| Finance Costs | 286.8 | 275.7 |
| Interest on Fixed Deposits with Banks | (23.4) | (1.7) |
| Dividend on Non-Current Investments | (0.9) | (0.1) |
| Provision for Doubtful Trade Receivables | 2.0 | - |
| Expenses on Stock Options / Stock Appreciation Rights | 15.5 | 7.1 |
| Unrealised Exchange gain on revaluation (net) | (99.6) | (5.4) |
| Operating Profit before Working Capital Changes | 11,721.5 | 9,847.8 |
| Changes in working capital: | ||
| Adjustments for (increase) / decrease in operating assets: | ||
| Inventories | (2,824.5) | (1,049.1) |
| Trade Receivables | (2,376.9) | (3,172.3) |
| Long-term and Short-term Loans and Advances and Other Assets | (1,411.4) | (366.8) |
| Adjustments for increase / (decrease) in operating liabilities: | ||
| Trade Payables, Non-Current and Current Liabilities | 1,408.3 | 852.8 |
| Long-term and Short-term Provisions | 84.3 | 50.5 |
| Cash Generated from Operations | 6,601.3 | 6,162.9 |
| Net Income tax paid | (1,823.0) | (1,573.1) |
| Net Cash Flow from Operating Activities | 4,778.3 | 4,589.8 |
| B. Cash Flow from Investing Activities | ||
| Capital expenditure on fixed assets, including capital advances | (4,016.6) | (3,710.4) |
| Proceeds from sale of fixed assets | 6.7 | 7.5 |
| Purchase of Non-Current Investment in subsidiaries | - | (34.8) |
| Purchase of Non-Current Investments-Other | - | (6.2) |
| Purchase of Current Investments | - | (570.0) |
| Proceeds from sale of Current Investments | - | 570.0 |
| Bank balances not considered as Cash and Cash equivalents (net) | 6.3 | (7.9) |
| Dividend on Non-Current Investments | 0.9 | 0.1 |
| Interest on Fixed Deposits with Banks | 23.4 | 1.7 |
| Net Cash used in Investing Activities | (3,979.3) | (3,750.0) |
| C. Cash Flow from Financing Activities | ||
| Proceeds from Long-Term / Other Short-Term Borrowings (net) | 840.1 | 681.7 |
| Proceeds from issue of equity shares (ESOPs) | 0.9 | 3.0 |
| Securities Premium Received (ESOPs) | 50.7 | 134.5 |
| Finance Costs | (312.8) | (263.1) |
| Dividend paid | (1,336.9) | (1,200.5) |
| Tax on Dividend | (217.2) | (199.8) |
| Net Cash used in Financing Activities | (975.2) | (844.2) |
| Net decrease in Cash and Cash equivalents | (176.3) | (4.4) |
| Cash and Cash equivalents as at the beginning of the year | 345.1 | 352.5 |
| Cash and Cash equivalents acquired on amalgamation of subsidiaries | - | (3.0) |
| Cash and Cash equivalents as at the end of the year | 168.8 | 345.1 |
| Reconciliation of Cash and Cash equivalents with the Balance Sheet | ||
| Cash and cash equivalents as per Balance Sheet (Refer note 18) | 192.0 | 374.6 |
| Less: Bank balances not considered as Cash and cash equivalents as defined in AS 3 Cash Flow Statements (Refer note 18) | 23.2 | 29.5 |
| Cash and cash equivalents as restated as at the year end (Refer note 18) | 168.8 | 345.1 |
