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CASH FLOW

For the year ended March 31, 2017

  For the Current Year ended 31.03.2017 in million For the Previous Year ended 31.03.2016 in million
A. Cash Flow from Operating Activities    
Profit before Tax 41,790.6 38,441.3
Adjustments for:    
Depreciation and Amortisation Expense 3,661.0 3,056.1
Loss / (Profit) on Sale / Write-off of Fixed Assets (net) 50.8 (149.8)
Net Gain on sale of Current Investments (7.8) (37.1)
Finance Costs 294.2 241.1
Interest on Deposits with Banks (72.0) (5.9)
Dividend on Current Investments (488.6) (437.0)
Dividend on Long-Term Investment from Subsidiary company (30.5) (10.0)
Dividend on Long-Term Investment from Others - (0.2)
Provision for Doubtful Trade Receivables (net) (161.6) 120.5
Bad Trade Receivables / Deposits written off 4.0 7.3
Expenses on Employees Stock Options / Stock Appreciation Rights 738.0 713.3
Exchange gains on sale of Long-Term Investment in subsidiaries - (8.6)
Unrealised Exchange loss on revaluation (net) 987.8 285.3
Operating Cash Flows before Working Capital Changes 46,765.9 42,216.3
Changes in working capital:    
Adjustments for (increase) / decrease in operating assets:    
Inventories (2,117.0) (1,744.5)
Trade Receivables 5,311.9 (20,717.1)
Current Loans (30.1) (28.3)
Non- Current Loans (145.1) (152.6)
Other Current Financial Asset 52.1 (154.1)
Other Current Asset (1,230.8) (2,871.8)
Other Non-Current Assets 198.1 16.2
Adjustments for increase / (decrease) in operating liabilities:    
Current Trade Payable 3,574.6 2,101.3
Non-Current Trade Payable (11.6) 50.3
Other Current Financial liabilities 329.3 80.9
Other Current Liabilities (104.9) 184.8
Other Non-Current liabilities 120.4 187.8
Non-Current Financial liabilities (8.5) (9.8)
Current Provisions 297.2 60.2
Non- Current Provisions 347.8 95.1
Cash Generated from Operations 53,349.3 19,314.7
Net Income tax paid (9,816.0) (10,148.1)
Net Cash Flow from Operating Activities 43,533.3 9,166.6
B. Cash Flow from Investing Activities    
Capital expenditure on fixed assets, including capital advances (9,626.4) (7,530.4)
Proceeds from sale of fixed assets 216.6 315.1
Purchase of Long-Term Investment in subsidiaries (10,610.5) (19,527.8)
Purchase of Long-Term Investment in others (5.0) (30.1)
Sale of Long-Term Investment - Others 4.5 -
Sale of Long-Term Investment in subsidiaries - 60.9
Net Gain on sale of Current Investments 7.8 37.1
Bank balances not considered as Cash and Cash Equivalents (net) 4.0 (106.7)
Dividend on Current Investments 488.6 437.0
Dividend on Long-Term Investment from Subsidiary company 30.5 47.1
Dividend on Long-Term Investment from Others - 0.2
Interest on Deposits with Banks 72.0 5.9
Net Cash Used in Investing Activities (19,417.9) (26,291.7)
  For the Current Year ended 31.03.2017 ` in million For the Previous Year ended 31.03.2016 ` in million
C. Cash Flow from Financing Activities    
Repayment of Non Current Borrowings (net) (50.7) (53.3)
Proceeds from / (Repayment of) Current Borrowings (net) 2,273.3 3,563.6
Proceeds from issue of equity shares (ESOPs) 2.0 2.2
Proceeds from Sale of treasury Shares - 326.4
Securities Premium Received (ESOPs) 424.6 534.2
Finance Costs (183.2) (149.2)
Dividends paid (3,377.6) (3,368.3)
Corporate Tax on Dividend (688.6) (686.4)
Net Cash (Used) / generated in Financing Activities (1,600.2) 169.2
Net increase / (decrease) in Cash and Cash Equivalents 22,515.2 (16,955.9)
Cash and Cash Equivalents as at the beginning of the year 184.9 17,140.8
Cash and Cash Equivalents as at the end of the year 22,700.1 184.9
Reconciliation of Cash and Cash Equivalents with the Balance Sheet    
Cash and Cash Equivalents as per Balance Sheet (Refer note 10) 1,580.1 184.9
Add : Current investments considered as part of Cash and Cash Equivalents [Refer note 8] 21,120.0 -
Cash and Cash Equivalents as restated as at the year end 22,700.1 184.9

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.