Cash Flow Statement for the year ended 31st March, 2009

(Figures for the previous year have been rearranged to conform with the revised presentation) For the year ended 31st March, 2009 (Rs. in Crores) 4825.74 549.41 (20.14) (97.91) (147.87) 20.89 (24.95) (14.96) (7.71) (4.87) (74.57) 438.46 (101.80) (93.73) (141.95) 17.97 (15.22) – (23.36) 3.89 (88.11) For the year ended 31st March, 2008 (Rs. in Crores) 4571.77 A. Net Profit Before Tax ADJUSTMENTS FOR : Depreciation Interest etc. – Net Income from Long Term Investments Income from Current Investments Fixed Assets – Loss on Sale/ Write off – Net Profit on Sale of Current Investments – Net Profit on Sale of Long Term Investments Excess of Fair Value over Carrying Cost of Current Investments Unrealised (Gain)/Loss on Exchange – Net Liability no longer required written back OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES ADJUSTMENTS FOR : Trade and Other Receivables Inventories Trade Payables CASH GENERATED FROM OPERATIONS Income Tax Paid NET CASH FROM OPERATING ACTIVITIES B. Cash Flow from Investing Activities Purchase of Fixed Assets Sale of Fixed Assets Purchase of Business [See Note 1 Below] Purchase of Current Investments Sale/Redemption of Current Investments Purchase of Long Term Investments Sale of Long Term Investments Income from Long Term Investments Received Income from Current Investments Received Interest Received Refund of Deposits towards Property Options Loans Given Loans Realised NET CASH USED IN INVESTING ACTIVITIES C. Cash Flow from Financing Activities Proceeds from issue of Share Capital Repayments of Long Term Borrowings Net increase/(decrease) in Cash/ Export Credit Facilities and other Short Term Loans Interest etc. Paid Dividend Paid Income Tax on Dividend Paid NET CASH FLOW USED IN FINANCING ACTIVITIES NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS OPENING CASH AND CASH EQUIVALENTS CLOSING CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS COMPRISE : Cash and Bank Balances
Note : 1. Purchase consideration of Rs. 232.99 Crores (net of liability of Rs. 15.03 Crores towards sales tax deferment loans assumed) on acquisition of business in 2004, payable to M/s BILT Industrial Packaging Company Limited. Cash paid [including Rs. 38.84 Crores (2008 - Rs. 38.83 Crores) during the year as per scheme of repayment] Balance Payable

177.32 5003.06

(3.85) 4567.92

(81.82) (549.20) 333.55

(297.47) 4705.59 (1426.56) 3279.03

(194.35) (696.49) 459.34

(431.50) 4136.42 (1413.46) 2722.96

(1699.70) 5.56 (38.84) (43122.47) 43298.67 (63.10) 31.32 94.37 147.58 39.05 49.00 (256.12) 253.94 (1260.74)

(2246.06) 3.63 (38.83) (27558.99) 27741.01 (10.22) – 92.24 143.43 97.87 91.19 (246.79) 194.74 (1736.78)

44.75 (10.85) (26.03) (28.58) (1314.67) (220.77) (1556.15) 462.14 570.25 1032.39 1032.39

44.63 (5.85) 19.40 (17.08) (1158.98) (198.21) (1316.09) (329.91) 900.16 570.25 570.25

232.99 232.99 –

232.99 194.15 38.84

Per our Report attached to the Balance Sheet For A. F. FERGUSON & CO. Chartered Accountants M. S. DHARMADHIKARI Partner Kolkata, 22nd May, 2009

On behalf of the Board Y. C. DEVESHWAR K. VAIDYANATH B. B. CHATTERJEE

Chairman Director Secretary

80 ITC Report and Accounts 2009

Sign up to vote on this title
UsefulNot useful