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CASH FLOW

For the year ended March 31, 2018

  For the Current Year ended 31.03.2018 in million For the Previous Year ended 31.03.2017 in million
A. Cash Flow from Operating Activities
Profit before Tax 17,939.3 41,790.6
Adjustments for:
Depreciation and Amortisation Expense 3,898.1 3,661.0
Loss / (Profit) on Sale / Write-off of Property, Plant and Equipment / Intangible Assets (net) 26.6 50.8
Net Gain on sale of Current Investments (383.9) (7.8)
Finance Costs 332.4 294.2
Interest on Deposits with Banks (7.5) (72.0)
Dividend on Current Investments (274.8) (488.6)
Dividend on Non-Current Investment from Subsidiary company (14.5) (30.5)
Provision for Doubtful Trade Receivables /Advances/ Deposits (net) (12.5) (161.6)
Bad Trade Receivables / Advances / Deposits written off 7.0 4.0
Expenses on Employees Stock Options / Stock Appreciation Rights 643.2 738.0
Unrealised Exchange loss / (gain) on revaluation (net) 345.7 987.8
Operating Cash flows before Working Capital Changes 22,499.1 46,765.9
Changes in working capital:
Adjustments for (increase) / decrease in operating assets:
Inventories (543.6) (2,117.0)
Trade Receivables (10,889.4) 5,311.9
Current Loans (26.3) (30.1)
Non-Current Loans (81.7) (145.1)
Other Current Financial Asset (318.3) (3,033.2)
Other Current Asset (3,464.4) 1,854.5
Other Non-Current Assets 47.7 198.1
Other Non-Current Financial Assets 9.2 (12.4)
Adjustments for increase / (decrease) in operating liabilities:
Current Trade Payable (391.5) 3,574.6
Non-Current Trade Payable (13.8) (11.6)
Other Current Financial Liabilities (475.8) 329.3
Other Current Liabilities 634.7 (104.9)
Other Non-Current Liabilities (221.1) 120.4
Other Non-Current Financial Liabilities (7.4) (8.5)
Current Provisions 65.7 297.2
Non-Current Provisions 229.4 347.8
Cash Generated from Operations 7,052.5 53,336.9
Net Income tax paid (4,902.3) (9,816.0)
Net Cash Flow from Operating Activities 2,150.2 43,520.9
B. Cash Flow from Investing Activities
Capital expenditure, including capital advances (9,103.8) (9,626.4)
Proceeds from sale of Property, Plant and Equipments / Intangible Assets 13.2 216.6
Purchase of Non-Current Investment in subsidiaries (3,283.4) (10,610.5)
Purchase of Non-Current Investment in others - (5.0)
Sale of Non-Current Investment - Others - 4.5
Net Gain on sale of Current Investments 383.9 7.8
Bank balances not considered as Cash and Cash Equivalents (net) 95.4 16.4
Dividend on Current Investments 274.8 488.6
Dividend on Non-Current Investment from Subsidiary company 14.5 30.5
Interest on Deposits with Banks 7.5 72.0
Net Cash Used in Investing Activities (11,597.9) (19,405.5)
For the Current Year ended 31.03.2018 in million For the Previous Year ended 31.03.2017 in million

C. Cash Flow from Financing Activities

Repayment of Non Current Borrowings (net) (49.7) (50.7)
Proceeds from / (Repayment of) Current Borrowings (net) (5,714.1) 2,273.3
Proceeds from issue of equity shares (ESOPs) 1.0 2.0
Securities Premium Received (ESOPs) 144.2 424.6
Finance Costs (178.1) (183.2)
Dividends paid (3,383.4) (3,377.6)
Corporate Tax on Dividend (689.7) (688.6)
Net Cash (Used) / generated in Financing Activities (9,869.8) (1,600.2)
Net (decrease) / Increase in Cash and Cash Equivalents (19,317.5) 22,515.2
Cash and Cash Equivalents as at the beginning of the year 22,700.1 184.9
Cash and Cash Equivalents as at the end of the year 3,382.6 22,700.1
Reconciliation of Cash and Cash Equivalents with the Balance Sheet
Cash and cash equivalents as per Balance Sheet (Refer note 11) 1,056.7 1,580.1
Add : Current investments considered as part of Cash and Cash Equivalents (Refer note 9) 2,325.9 21,120.0
Cash and Cash Equivalents as restated as at the year end 3,382.6 22,700.1

Notes :
  • The above Cash Flow Statement has been prepared under the 'Indirect Method' as set out in the Indian Accounting Standard 7 (Ind AS -7) "Statement of Cash Flow".
  • 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), current investments that are convertible into known amounts of cash and which are subject to insignificant risk of changes in value.