Consolidated Cash Flow Statement

for the year ended 31st March, 2019

(All amounts in J crores, unless otherwise stated)
Particulars 31 March, 2019 31 March, 2018

A. CASH FLOW FROM OPERATING ACTIVITIES

Profit before tax 1,724.87 1,693.09

Adjustments for:

Depreciation and amortization expense 176.90 162.18

(Gain)/ loss on disposal / impairment of property, plant and equipment (net) (0.71) 3.44

Share based payment expense 77.33 3.51

Provision for disputed liability 8.94 6.02

Allowance for expected credit loss 4.32 4.23

Provisions for employee benefits 8.73 12.66

Finance costs 49.20 42.38

Unrealised foreign exchange (gain)/ loss (net) (3.45) 3.48

Interest income (249.39) (241.52)

Share of profit of joint venture (0.96) (0.24)

(Gain)/ loss on fair valuation of financial instruments (net) (0.79) 3.69

Net gain on sale of financial assets measured at FVTPL (6.15) (19.12)

Net gain on sale of financial assets measured at FVOCI (1.45) (19.87)

Effect of exchange rates on translation of operating cashflows 5.21 9.70

Exceptional items 75.34 14.54

Operating profit before working capital changes and other adjustments 1,867.94 1,678.17

Working capital changes and other adjustments:

Inventories (44.35) (149.47)

Trade receivables (130.25) (59.89)

Current and non-current financial assets 24.13 (26.41)

Other current and non-current assets 23.38 (147.22)

Trade payables 45.11 85.75

Other current and non-current financial liabilities 28.78 31.50

Other current and non-current liabilities and provisions 35.12 3.99

Cash flow from operating activities post working capital changes 1,849.86 1,416.42

Direct taxes paid (net of refund) (350.73) (324.92)

Net cash flow from operating activities (A) 1,499.13 1,091.50

236 Dabur India Limited

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 Corporate Overview Board & Management Reports Financial Statements

Particulars 31 March, 2019 31 March, 2018

B. CASH FLOWS FROM INVESTING ACTIVITIES

Acquisition of property, plant and equipment, capital work-in-progress, investment (234.35) (206.96)
properties and intangible assets
Proceeds from disposal of property, plant and equipment, capital work-in-progress, 9.34 6.67
investment properties and intangible assets
Purchases of investments/ bank deposits (5,392.77) (9,001.06)
Proceeds from sale of investments 5,710.25 8,417.64
Interest received 244.44 243.72
Net cash flow from / (used in) investing activities (B) 336.91 (539.99)
C. CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issue of equity share capital 0.48 -
Repayments of non-current borrowing (including current maturities) (271.96) (61.57)
Proceeds from current borrowings (net) 31.81 4.30
Dividend paid (1,324.71) (396.34)
Dividend distribution tax paid (272.30) (80.69)
Finance costs paid (51.52) (42.81)
Net cash used in financing activities (C) (1,888.20) (577.11)
Decrease in cash and cash equivalents (A+B+C) (52.16) (25.60)
Cash and cash equivalents at the beginning of the year 89.21 115.75
Net unrealised foreign exchange (gain)/loss 0.67 (0.94)
Cash and cash equivalents at the end of the year 37.72 89.21
Note:
Cash and cash equivalent (as per note 16 to the financial statements) 107.69 153.80
Balances with banks in cash credit accounts (refere note 28) (54.30) (48.00)
Balances with banks in over draft accounts (refere note 28) (15.67) (16.59)
Cash and cash equivalents as per Consolidated Cash Flow Statements 37.72 89.21
Significant accounting policies                         6
Note: The above consolidated statement of Cash Flow has been prepared under the 'Indirect method' as set out in Ind AS 7 'Statement of Cash Flows'.
The accompanying notes are an integral part of these consolidated financial statements
This is the Consolidated Cash Flow Statement referred to in our report of even date.

For Walker Chandiok & Co LLP For and on behalf of the Board of Directors
Chartered Accountants
Firm’s Registration No.: 001076N/N500013

Anupam Kumar Dr. Anand Chand Burman Mohit Malhotra P.D. Narang
Partner Chairman Whole Time Director Whole Time Director
Membership No.:501531 DIN: 00056216 DIN: 08346826 DIN: 00021581

Ashok Kumar Jain Lalit Malik

Place : New Delhi EVP (Finance) and Company Secretary Chief Financial Officer
Date : May 2, 2019 M. No.: FCS 4311

Annual Report 2018-19 237

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