| Cash Flow
Statement for the
year ended 31st March, 2007 (Figures for the previous year have been rearranged to conform with the revised presentation) |
||||
For the year ended |
For the year ended |
|||
A. NET PROFIT BEFORE TAX AND EXCEPTIONAL ITEMS |
3926.70 | 3269.19 | ||
| ADJUSTMENTS FOR : | ||||
| Depreciation | 362.92 | 332.34 | ||
| Interest etc. -Net | (17.51) | 2.83 | ||
| Income from Long Term Investments | (21.09) | (8.51) | ||
| Income from Current Investments | (183.13) | (155.65) | ||
| Fixed Assets - Loss on Sale/Write off - Net | 17.40 | 19.63 | ||
| (Profit)/Loss on Sale of Current Investments - Net | (6.84) | (3.43) | ||
| Excess of Cost over Fair Value of Current Investments | 20.60 | 12.76 | ||
| Unrealised (Gain)/Loss on Exchange -Net | (4.61) | 1.55 | ||
| Liability no longer required written back | (25.60) | 142.14 | (7.38) | 194.14 |
| OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES |
4068.84 |
3463.33 |
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| ADJUSTMENTS FOR : | ||||
| Trade and Other Receivables | (271.32) | (160.31) | ||
| Inventories | (717.75) | (633.30) | ||
| Trade Payables | 321.83 | (667.24) | 327.05 | (466.56) |
| CASH GENERATED FROM OPERATIONS | 3401.60 | 2996.77 | ||
| Income Tax Paid | (1260.41) | (999.22) | ||
| Cash Flow before Exceptional items | 2141.19 | 1997.55 | ||
| Exceptional items (paid)/received [see Schedule 19(i)] | - | (67.87) | ||
| NET CASH FROM OPERATING ACTIVITIES | 2141.19 | 1929.68 | ||
| B. CASH FLOW FROM INVESTING ACTIVITIES | ||||
| Purchase of Fixed Assets | (1742.94) | (709.19) | ||
| Sale of Fixed Assets | 3.82 | 5.89 | ||
| Purchase of Business (see Note 1 Below) | (38.83) | (38.83) | ||
| Purchase of Current Investments | (28395.85) | (32734.10) | ||
| Sale/Redemption of Current Investments | 29026.35 | 33215.54 | ||
| Purchase of Long Term Investments | (51.13) | - | ||
| Sale of Long Term Investments | 0.01 | - | ||
| Income from Long Term Investments Received | 20.63 | 8.46 | ||
| Income from Current Investments Received | 39.06 | 20.83 | ||
| Interest Received | 21.86 | 7.92 | ||
| Refund of Deposits towards Property Options |
47.50 |
46.50 | ||
| Loans Given | (77.37) | (55.24) | ||
| Loans Realised | 64.11 | 56.91 | ||
| NET CASH USED IN INVESTING ACTIVITIES | (1082.78) | (175.31) | ||
C. CASH FLOW FROM FINANCING ACTIVITIES |
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| Proceeds from issue of Share Capital | 42.39 | 65.95 | ||
| Proceeds from Long Term Borrowings | 30.57 | 17.01 | ||
| Net increase/(decrease) in Cash/Export Credit Facilities and other Short Term Loans | 50.58 | (142.64) | ||
| Interest etc. Paid | (8.62) | (16.28) | ||
| Dividends Paid | (989.43) | (769.78) | ||
| Income Tax on Dividend Paid | (139.56) |
(108.47) | ||
| NET CASH FLOW USED IN FINANCING ACTIVITIES | (1014.07) | (954.21) | ||
| NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS | 44.34 | 800.16 | ||
| OPENING CASH AND CASH EQUIVALENTS | 855.82 | 55.66 | ||
| CLOSING CASH AND CASH EQUIVALENTS | 900.16 | 855.82 | ||
| CASH AND CASH EQUIVALENTS COMPRISE : | ||||
| Cash and Bank Balances | 900.16 | 855.82 | ||
| Notes : | ||||
| 1. Purchase consideration of Rs.232.99 Crores (net of liability of Rs.15.03 Crores towards sales tax deferment loans assumed) on acquisition of business in 2004, payable to M/s BILT Industrial Packaging Company Limited. | 232.99 | 232.99 | ||
| Cash paid [Including Rs.38.83 Crores (2006 - Rs.38.83 Crores) during the year as per scheme of repayment] | 155.32 | 116.49 | ||
| Balance Payable | 77.67 | 116.50 | ||
