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CASH FLOW

For the year ended March 31, 2016

  For the Current Year ended 31.03.2016 in million For the Previous Year ended 31.03.2015 in million
A. Cash Flow from Operating Activities    
Profit before Tax 39,055.5 32,121.9
Adjustments for:    
Depreciation and Amortisation Expense 3,056.1 3,367.9
(Profit) / Loss on Sale / Write-off of Fixed Assets (net) (149.8) 38.6
Net Gain on sale of Current Investments (37.1) (4.0)
Finance Costs 147.8 49.0
Interest on Deposits with Banks (3.0) (29.2)
Dividend on Current Investments (437.0) (649.6)
Dividend on Long-Term Investment from Subsidiary company (10.0) (37.1)
Dividend on Long-Term Investment from Others (0.2) (0.2)
Provision for Doubtful Trade Receivables (net) 131.1 -
Excess of carrying cost over fair value of current investments - 2.5
Provision for Doubtful Trade Receivables / Deposits Written Back (net) - (157.1)
Bad Trade Receivables / Deposits written off 7.3 22.4
Expenses on Employees Stock Options / Stock Appreciation Rights 365.2 676.8
Exchange gains on sale of Long-Term Investment in subsidiaries (8.6) -
Unrealised Exchange loss / (gain) on revaluation (net) 257.8 (182.9)
Operating Profit before Working Capital Changes 42,375.1 35,219.0
Changes in working capital:    
Adjustments for (increase) / decrease in operating assets:    
Inventories (1,744.5) (3,672.7)
Trade Receivables (20,716.3) 3,724.7
Short-Term Loans and Advances (239.7) (322.3)
Long-Term Loans and Advances (150.3) 222.5
Other Current Assets (2,479.5) 515.3
Adjustments for increase / (decrease) in operating liabilities:    
Trade Payables 2,260.8 571.0
Other Current Liabilities 79.6 (144.7)
Other Long-Term Liabilities 43.2 (12.9)
Short-Term Provisions 33.7 137.1
Long-Term Provisions 188.4 262.0
Cash Generated from Operations 19,650.5 36,499.0
Net Income tax paid (10,148.1) (7,983.8)
Net Cash Flow from Operating Activities 9,502.4 28,515.2
     
B. Cash Flow from Investing Activities    
Capital expenditure on fixed assets, including capital advances (7,530.4) (5,069.8)
Proceeds from sale of fixed assets 315.1 21.2
Purchase of Long-Term Investment in subsidiaries (19,527.8) (8,007.6)
Purchase of Long-Term Investment in others (30.1) (4.5)
Sale of Long-Term Investment in subsidiaries 60.9 -
Net Gain on sale of Current Investments 37.1 4.0
Bank balances not considered as Cash and Cash Equivalents (net) (49.7) 597.8
Dividend on Current Investments 437.0 649.6
Dividend on Long-Term Investment from Subsidiary company 47.1 -
Dividend on Long-Term Investment from Others 0.2 0.2
Interest on Deposits with Banks 3.0 29.2
Net Cash Used in Investing Activities (26,237.6) (11,779.9)
     
C. Cash Flow from Financing Activities    
Repayment of Long-Term Borrowings (net) (53.3) (50.5)
Proceeds from / (Repayment of) Short-Term Borrowings - Loans from banks (net) 3,563.6 (942.1)
Proceeds from issue of equity shares (ESOPs) 2.2 2.2
Securities Premium Received (ESOPs) 534.2 410.8
Finance Costs (149.2) (58.4)
Dividends paid (3,368.3) (1,344.5)
Corporate Tax on Dividend (686.9) (228.7)
Net Cash Used in Financing Activities (157.7) (2,211.2)
Net (decrease) / increase in Cash and Cash Equivalents (16,892.9) 14,524.1
Cash and Cash Equivalents as at the beginning of the year 17,077.2 2,553.1
Cash and Cash Equivalents as at the end of the year 184.3 17,077.2
Reconciliation of Cash and Cash Equivalents with the Balance Sheet    
Cash and Cash Equivalents as per Balance Sheet (Refer note 19) 292.0 593.0
Less: Bank balances not considered as Cash and Cash Equivalents as defined in AS-3 - “Cash Flow Statements” (Refer note 19) 107.7 58.0
Add: Current Investments considered as part of Cash and Cash
Equivalents (Refer note 16)
- 16,542.2
Cash and Cash Equivalents as restated as at the year end 184.3 17,077.2

Notes :

  • The above Cash Flow Statement has been prepared under the ‘Indirect Method’ as set out in the Accounting Standard 3 (AS-3) “Cash Flow Statements”.
  • Cash comprises cash on hand and Current Accounts with banks. Cash equivalents are short-term balances (with an original maturity of three months or less from the date of acquisition), highly liquid investments that are readily convertible into known amounts of cash and which are subject to insignificant risk of changes in value.