Cash Flow statement
in 
Year ended March 31, |
||
2011 |
2010 |
|
CASH FLOWS FROM OPERATING ACTIVITIES |
||
Profit before tax |
2,14,47,99,083 |
2,93,13,66,471 |
Adjustments to reconcile profit before tax to cash provided by operating activities |
||
Depreciation |
50,74,55,954 |
53,86,79,767 |
Interest income |
(31,83,30,127) |
(17,43,07,868) |
Dividend income |
(3,40,79,908) |
(4,74,31,253) |
Profit on sale of investments |
– |
(22,44,820) |
Provision for investments |
6,21,66,191 |
– |
(Profit) / Loss on sale of fixed assets |
(2,44,780) |
(30,361) |
Effect of exchange differences on translation of foreign currency cash and cash equivalents |
24,75,177 |
1,20,30,006 |
Changes in current assets and liabilities |
||
Sundry debtors |
(32,58,13,411) |
30,75,92,996 |
Loans and advances |
(33,70,93,312) |
(30,13,19,934) |
Other current assets |
||
Current liabilities |
32,85,33,418 |
(25,96,51,877) |
Provisions |
7,63,51,645 |
8,73,81,251 |
2,10,62,19,930 |
3,09,20,64,378 |
|
Income tax paid during the year, net |
(37,27,02,209) |
(59,78,73,925) |
Other receivables from subsidiary |
– |
|
NET CASH GENERATED BY OPERATING ACTIVITIES |
1,73,35,17,721 |
2,49,41,90,453 |
CASH FLOWS FROM INVESTING ACTIVITIES |
||
Purchase of fixed assets and change in capital work-in-progress / advances |
(47,64,27,487) |
(42,08,87,019) |
Proceeds from sale of fixed assets |
25,77,931 |
34,54,197 |
Interest received |
26,59,04,970 |
18,76,89,275 |
Dividend received |
3,40,79,908 |
4,74,31,253 |
Purchase of units in liquid mutual funds |
(3,49,22,26,735) |
(8,85,62,17,762) |
Proceeds from sale of units in liquid mutual funds |
5,29,44,69,763 |
6,85,02,84,795 |
Investment in subsidiary |
– |
(1,72,63,75,858) |
Proceeds from repayment of investment in subsidiary |
3,16,33,809 |
– |
Loans given to subsidiaries |
(11,20,08,880) |
(27,67,76,124) |
Loans repaid by subsidiaries |
11,35,58,853 |
16,83,45,259 |
NET CASH GENERATED / (USED) IN INVESTING ACTIVITIES |
1,66,15,62,132 |
(4,02,30,51,984) |
CASH FLOWS FROM FINANCING ACTIVITIES |
– |
– |
NET CASH FLOWS FROM FINANCING ACTIVITIES |
– |
– |
Effect of exchange differences on translation of foreign currency cash and cash equivalents |
(24,75,177) |
(1,20,30,006) |
NET CHANGE IN CASH AND CASH EQUIVALENTS |
3,39,26,04,676 |
(1,54,08,91,537) |
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR |
2,44,27,31,970 |
3,98,36,23,507 |
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR(1) |
5,83,53,36,646 |
2,44,27,31,970 |
| (1) | Cash and cash equivalents aggregating 583,53,36,646 (244,27,31,970 as at March 31,2010) comprises cash on hand amounting to 92,621 (84,850 as at March 31, 2010), balances with banks amounting to 533,52,44,025 (209,76,47,120 as at March 31, 2010) and deposits with financial institution / body corporate amounting to 50,00,00,000 (34,50,00,000 as at March 31,2010). |
This is the Cash Flow statement referred to in our report of even date.
As per our report attached
for B S R & Co.
Chartered Accountants
Firm’s registration number : 101248W
Supreet Sachdev |
T. V. Mohandas Pai |
D. Swaminathan |
S. D. Shibulal |
Prof. Jayanth R. Varma |
Sridar A. Iyengar |
B. G. Srinivas |
Eric S. Paternoster |
Abraham Mathews |
|
Bangalore |
N. R. Ravikrishnan |