Group | Company | ||||
For the year ended 31st March | 2013 | 2012 | 2013 | 2012 | |
Note | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | |
Cash flows from operating activities | |||||
Profit before taxation | 490,021 | 3,724,521 | 331,581 | 3,545,122 | |
Adjustments for: | |||||
Depreciation on property, plant & equipment | 16 | 167,385 | 135,164 | 160,665 | 129,855 |
Amortisation of intangible assets and lease rentals | 17/18 | 3,148 | 3,364 | 3,148 | 3,364 |
Deferred income net of amortisation | (39,457) | 88,111 | (70,498) | 56,152 | |
Impairment loss/(reversal) on investment in subsidiary | 19 | – | – | – | (2,795) |
Loss on disposal of property, plant & equipment | 9 | 4,418 | 67,847 | 2,878 | 67,883 |
Interest expenses | 10 | 636,241 | 450,668 | 630,798 | 447,553 |
Interest income | 10 | (110,169) | (136,648) | (108,370) | (135,290) |
Dividend income | 9 | (235) | (165) | (13,015) | (3,765) |
Provision/(reversal) for/of impairment of trade receivables | 11.1 | (65,538) | 181,129 | (48,515) | 201,941 |
Provision for slow moving inventories | 11.1 | 131,061 | 99,989 | 122,593 | 105,092 |
Provision for defined benefit obligation excluding actuarial loss | 43,311 | 34,519 | 40,675 | 32,497 | |
1,260,186 | 4,648,499 | 1,051,940 | 4,447,609 | ||
Changes in working capital | |||||
(Increase)/decrease in inventories | 3,878,068 | (5,860,829) | 3,897,716 | (5,761,444) | |
(Increase)/decrease in trade and other receivables | (211,549) | 1,161,466 | (19,552) | 1,306,484 | |
(Increase)/decrease in other current assets | 55,441 | (107,219) | 54,882 | (99,103) | |
Increase/(decrease) in trade payables | (652,599) | 8,892 | (661,952) | (67,608) | |
Increase/(decrease) in other current liabilities | (218,203) | 93,535 | (213,547) | 92,563 | |
Increase/(decrease) in amounts due to subsidiaries | – | – | 58,495 | (15,088) | |
Cash generated from/(used in) operating activities | 4,111,344 | (55,656) | 4,167,982 | (96,587) | |
Interest paid | (628,206) | (436,557) | (622,763) | (433,442) | |
Defined benefit obligation - payment | 27 | (9,495) | (13,980) | (8,776) | (13,545) |
Income tax paid | 33 | (265,943) | (1,923,881) | (228,818) | (1,902,297) |
Net cash generated from/(used in) operations | 3,207,700 | (2,430,074) | 3,307,625 | (2,445,871) | |
Cash Flows from Investing Activities | |||||
Proceeds from disposal of property plant & equipment | 13,556 | 25,257 | 11,953 | 25,222 | |
Dividend received | 147 | 165 | 12,927 | 3,765 | |
Interest received | 110,169 | 136,648 | 108,370 | 135,290 | |
Acquisition and construction of property plant & equipment and capital work-in-progress |
(1,094,453) | (947,363) | (1,078,254) | (938,547) | |
Acquisition of intangible assets | 18 | – | (3,536) | – | (3,536) |
Net cash used in investing activities | (970,581) | (788,829) | (945,004) | (777,806) | |
Cash Flows from Financing Activities | |||||
Proceeds from long-term loans | 29.1 | – | 750,000 | – | 750,000 |
Repayment of long-term loans | 29.1 | (229,960) | (158,594) | (229,960) | (158,594) |
Dividend paid | (244,102) | (311,980) | (244,102) | (311,980) | |
Payment of lease rentals | 29.4 | – | (1,524) | – | (1,524) |
Net cash from/(used in) financing activities | (474,062) | 277,902 | (474,062) | 277,902 | |
Net increase/(decrease) in cash & cash equivalents | 1,763,057 | (2,941,001) | 1,888,559 | (2,945,775) | |
Cash & cash equivalents at beginning of the year | (3,728,576) | (787,575) | (3,791,629) | (845,854) | |
Cash & cash equivalents at end of the year (Note A) | (1,965,519) | (3,728,576) | (1,903,070) | (3,791,629) | |
Note A | |||||
Analysis of Cash & Cash Equivalents at the end of the year | |||||
Cash & bank balances and short-term investments | 24 | 682,078 | 317,090 | 615,156 | 178,996 |
Short-term borrowings | 34 | (2,647,597) | (4,045,666) | (2,518,226) | (3,970,625) |
Cash and cash equivalents | (1,965,519) | (3,728,576) | (1,903,070) | (3,791,629) |