Consolidated Company
For the year ended 31st March, 2014 2013 2014 2013
Rs. ’000 (Restated)
Rs. ’000
Rs. ’000 Rs. ’000
Cash Flows from Operating Activities
Cash generated from operations (Note A) 7,478,465 8,888,860 891,835 (163,056)
Employee benefit paid (498,359) (416,613) (63,358) (30,970)
Income tax paid (1,379,156) (1,175,684) (36,929) (5,010)
Net cash inflow/(outflow) from operating activities 5,600,949 7,296,563 791,548 (199,036)
Cash Flows from Investing Activities
Purchase and construction of property, plant & equipment (3,453,473) (5,148,902) (68,310) (45,694)
Investments in other non-current assets (46,080) (34,160)
Development of biological assets (3,423) (11,697)
Grants received - capital 4,564 58,114
Improvements to investment property (3,679)
Proceeds from disposal of property, plant & equipment 120,723 418,377 24 2,972
Proceeds from disposal of intangible assets 2,106
Proceeds from disposal of non-current financial assets 261,628 3,657
On acquisition of right to generate hydro power/ERP System (78,154) (170,656)
Proceeds from the sale of equity accounted investees 7,020
Proceeds from sale of other current financial assets 12,923 17,353 2,615 8,122
Long-term investments in group companies and others (5,517) (529,382) (855,043)
Acquisition through business combinations (690,187) (544,836)
Interest received 180,534 401,933 88,014 93,116
Dividends received from equity accounted investees 12,033 12,278
Dividends received from non-group companies 257,736 310,219 253,221 307,017
Net cash used in investing activities (3,689,894) (4,684,957) 7,810 (485,853)
Net cash inflow/(outflow) before financing 1,911,055 2,611,606 799,538 (684,889)
Cash Flows from Financing Activities
Capital payment on finance lease (21,321) 543
Recovery of employee share trust loan 1,626 1,552 1,626 1,552
Payment for right to use land (33,453)
Interest paid (including interest capitalised) (2,366,134) (2,679,107) (773,138) (920,308)
Dividend paid to non-controlling interest (797,014) (765,579)
Acquisition of non-controlling interest (218,289)
Proceeds from non-contorlling interest on issues of rights in subsidiary 259,587 54,004
Proceeds from disposal of non-controlling interest 98,306
Proceeds from non-controlling interest on initial public offer 107,613
Proceeds from interest-bearing borrowings 6,759,243 2,074,754 4,267,500
Repayment of interest-bearing borrowings (2,226,204) (2,089,286) (698,183) (506,667)
Payment of long-term loan facility fee (19,012) (19,012)
Debenture issue fee (21,818) (21,818)
Dividends paid to equity holders of parent (337,500) (300,000) (337,500) (300,000)
Net cash inflow/(outflow) from financing activities 1,437,372 (3,954,861) 2,419,475 (1,725,423)
Net increase/(decrease) in cash and cash equivalents 3,348,426 (1,343,255) 3,218,833 (2,410,312)
Cash and cash equivalents at beginning of the year (13,182,447) (11,839,192) (4,617,309) (2,206,997)
Cash and cash equivalents at end of the year (Note B) (9,834,021) (13,182,447) 1,398,476 (4,617,309)

Notes to the Financial Statements form an integral part of these Financial Statements.
Figures in brackets indicate deductions.

Consolidated Company
For the year ended 31st March, 2014 2013 2014 2013
Rs. ’000 (Restated)
Rs. ’000
Rs. ’000 Rs. ’000
A. Cash Generated from Operations
Profit before tax 5,074,003 4,916,576 568,261 375,154
 
Adjustments for:
Net finance cost 2,140,097 1,638,760 554,285 530,091
Share of profits from equity accounted investees (1,236) (352)
Depreciation on property, plant & equipment 2,003,414 1,771,639 29,802 24,892
Depreciation on investment properties 3,150 320
Impairment of property, plant & equipment 50,493
Change in fair value of biological assets (28,065) (31,171)
(Gain)/loss on the disposal of property, plant & equipment (31,260) (66,889) (24) 1,237
(Gain)/loss on the disposal of long-term investment (105,212) 419
(Gain)/loss on the disposal of current financial assets 81 743 81
Gain on Bargain purchase of subsidiary (9,907)
Amortisation of intangible assets 101,136 110,039
Impairment of intangible assets 9,864
Net gains/(loss) on translation of foreign currency (125,609) 340,948
Impairment of trade & other receivables 70,673 (182,795)
Provision for unrealised profit and write-down of inventories 168,171 63,868
Impairment of other non-current assets 17,323 32,243
Gain on the disposal of equity accounted investees 4,671
Provision for post employee benefit obligations 748,835 730,688 61,633 58,624
Grants amortised (45,709) (52,562)
Net change in fair value of financial assets at fair value through profit or loss (2,267)
10,155,361 9,264,552 1,108,826 990,417
(Increase)/decrease in trade and other receivables (1,665,309) (1,693,527) 377,504 (1,135,222)
(Increase)/decrease in inventories (1,973,813) 26,103 236 (361)
Increase/(decrease) in trade and other payables 962,225 1,291,732 (594,731) (17,890)
7,478,464 8,888,860 891,835 (163,056)
B. Analysis of Cash and Cash Equivalents
Cash at bank and in hand 2,638,821* 2,126,626* 155,211 49,993
Short-term deposits 1,536,101 998,646
4,174,922 3,125,272 155,211 49,993
Short-term interest-bearing borrowings (14,008,943) (16,307,719) (1,553,687) (4,667,302)
Cash and cash equivalents (9,834,021) (13,182,447) (1,398,476) (4,617,309)

C. During the year Group acquired property, plant & equipment with an aggregate cost of Rs. 3,453 mn of which Rs. 0.3 mn was acquired by means of finance leases.

* Includes discontinued operations.