Rs. crores
                Year ended
31.03.2012
 
                   
A. Cash Flow from Operating Activities:
Profit/(Loss) before tax (4,132.95) 8,584.98
Adjustments for:    
Depreciation and amortisation expense 5,575.32 4,516.65
Income from non-current investments (96.73) (97.41)
(Profit)/Loss on sale of non-current investments (966.03) (3,361.92)
(Profit)/Loss on assets sold/discarded (74.52) 7.41
Provision for impairment of non-current assets 8,355.91
Interest and income from current investments (451.39) (898.10)
Finance costs 3,968.11 4,250.11
(Gain)/Loss on cancellation of forwards, swaps and options 143.49 43.06
Exchange (gain)/loss on revaluation of foreign currency loans and swaps 185.31 625.61
Provision for wealth tax 2.19 1.80
Other non-cash expenditure 254.90 106.75
    16,896.56   5,193.96
Operating Profit before Working Capital Changes 12,763.61 13,778.94
  Adjustments for:    
Trade and other receivables 366.62 981.19
Inventories 1,915.37 407.72
Trade payables and other liabilities 847.32 (316.61)
    3,129.31   1,072.30
Cash Generated from Operations 15,892.92 14,851.24
  Direct tax paid (2,568.98) (3,466.64)
Net Cash Flow from/(used in) Operating Activities 13,323.94 11,384.60
     
B. Cash Flow from Investing Activities:
Purchase of fixed assets(2) (15,471.51) (12,077.70)
Sale of fixed assets 249.12 177.39
Purchase of non-current investments (302.24) (301.11)
Acquisition of subsidiaries/joint ventures/undertakings (155.70)
Disposal of subsidiaries/joint ventures/undertakings 901.57 721.47
Sale of non-current investments 1,208.43 5,136.75
(Purchase)/sale of current investments (net) 986.90 2,193.38
Inter-corporate deposits given (95.34) (175.00)
Interest and income from current investments received 211.19 492.13
Dividend received 146.41 127.26
Net Cash Flow from/(used in) Investing Activities   (12,321.17)   (3,705.43)
       
C. Cash Flow from Financing Activities:
Issue of Equity Shares 0.02 534.60
Proceeds from sale of cross holdings 31.22
Issue/(Redemption) of Preference Shares (1.22) 20.00
Capital contributions received 20.80 28.63
Contribution received from minority 242.63 18.30
Proceeds from issue of Hybrid Perpetual Securities 775.00
Proceeds from borrowings 29,864.28 18,826.75
Repayment of borrowings (27,210.63) (23,549.04)
Amount received/(paid) on cancellation of forwards, swaps and options (138.37) (32.96)
Distribution on Hybrid Perpetual Securities (265.76) (222.47)
Expenses (incurred)/reimbursed on issue of equity instruments 2.40 (16.79)
Interest paid(2) (3,199.89) (3,525.35)
Dividend paid (1,169.13) (1,163.83)
Tax on dividend paid (189.88) (185.73)
Net Cash Flow from/(used in) Financing Activities   (2,044.75)   (8,461.67)
Net increase/(decrease) in Cash and Cash Equivalents (1,041.98) (782.50)
Opening Cash and Cash Equivalents 10,538.86(3) 10,805.77
(As per Note 20, Page 196)    
Effect of exchange rate on translation of foreign currency
Cash and Cash Equivalents
197.97 633.87
Closing Cash and Cash Equivalents 9,694.85 10,657.14
(As per Note 20, Page 196)                
 
Additional information:
  1. Figures in brackets represent outflows.
  2. Interest paid is exclusive of and purchase of fixed assets is inclusive of interest capitalised Rs. 231.81 crores (2011-12: Rs. 336.22 crores).
  3. Includes Rs. 199.55 crores of opening cash and cash equivalents in respect of a subsidiary acquired during the year and excludes Rs. 317.83 crores in respect of subsidiaries and joint ventures which were disposed of during the year.
  4. Previous years figures have been recast/restated where necessary.
 
In terms of our report attached   For and on behalf of the Board    
For DELOITTE HASKINS & SELLS
Chartered Accountants,
CYRUS P MISTRY Chairman
  B MUTHURAMAN Vice Chairman
N VENKATRAM
partner
NUSLI N WADIA
ISHAAT HUSSAIN
SUBODH BHARGAVA
ANDREW ROBB
D K MEHROTRA
KARL-ULRICH KOEHLER
Directors
 
    H M NERURKAR
  Managing Director
Mumbai, 23rd May, 2013 A ANJENEYAN
Company Secretary
KOUSHIK CHATTERJEE Executive Director
& amp; Group CFO