Consolidated Cash Flow Statement

Rs. crores  
                    Previous Year  
A. Cash Flow from Operating Activities:          
  Profit/(Loss) before tax   6,722.13     (4,132.95)
  Adjustments for:          
  Depreciation and amortisation expense 5,841.22     5,575.32  
  Income from non-current investments (65.94)     (95.24)  
  (Profit)/Loss on sale of non-current investments (42.98)     (967.52)  
  (Profit)/Loss on assets sold/discarded 47.02     (74.52)  
  Provision for impairment of non-current assets 45.42     8,355.91  
  Interest and income from current investments (482.21)     (451.39)  
  Finance costs 4,336.83     3,968.11  
  (Gain)/Loss on cancellation of forwards, swaps and options 9.10     143.49  
  Exchange (gain)/loss on revaluation of foreign currency loans and swaps 827.77     185.31  
  Provision for wealth tax 2.11     2.19  
  Other non-cash expenditure 187.73     254.90  
    10,706.07     16,896.56
  Operating Profit before Working Capital Changes   17,428.20     12,763.61
    Adjustments for:          
    Trade and other receivables (1,403.73)     1,342.31  
    Inventories 388.92     1,915.37  
    Trade payables and other liabilities (254.76)     582.98  
        (1,269.57)     3,840.66
  Cash Generated from Operations   16,158.63     16,604.27
    Direct tax paid   (3,012.74)     (2,568.98)
  Net Cash Flow from/(used in) Operating Activities   13,145.89     14,035.29
           
B. Cash Flow from Investing Activities:          
    Purchase of fixed assets(1) (16,420.09)     (15,471.51)  
    Sale of fixed assets 294.57     249.12  
    Purchase of non-current investments (479.04)     (302.24)  
    Acquisition of subsidiaries/joint ventures/undertakings (0.10)     (155.70)  
    Disposal of subsidiaries/joint ventures/undertakings 59.37     901.57  
    Sale of non-current investments 1,560.72     232.74  
    (Purchase)/sale of current investments (net) (1,722.48)     986.90  
    Inter-corporate deposits (net) (96.00)     (95.34)  
    Interest and income from current investments received 265.11     211.19  
    Dividend received 86.83     146.41  
  Net Cash Flow from/(used in) Investing Activities   (16,451.11)     (13,296.86)
           
C. Cash Flow from Financing Activities:          
  Issue of equity shares 0.01     0.02  
  Issue/(Redemption) of Preference Shares (1.21)     (1.22)  
  Capital contributions received 11.34     20.80  
  Contribution received from minority 2.12     242.63  
  Proceeds from borrowings 38,557.59     30,128.62  
  Repayment of borrowings (32,682.70)     (27,210.63)  
  Amount received/(paid) on cancellation of forwards, swaps and options (9.13)     (138.37)  
  Distribution on Hybrid Perpetual Securities (266.13)     (265.76)  
  Expenses (incurred)/reimbursed on issue of equity instruments 3.35     2.40  
  Interest paid(1) (3,676.30)     (3,199.89)  
  Dividend paid (786.72)     (1,169.13)  
  Tax on dividend paid (137.66)     (189.88)  
Net Cash Flow from/(used in) Financing Activities   1,014.56     (1,780.41)
Net increase/(decrease) in Cash and Cash Equivalents   (2,290.66)     (1,041.98)
Opening Cash and Cash Equivalents   9,669.10     10,513.11
(As per Note 20, Page 219)          
Effect of exchange rate on translation of foreign currency          
Cash and Cash Equivalents   1,072.86     197.97
Closing Cash and Cash Equivalents   8,451.30     9,669.10
(As per Note 20, Page 219)          

Additional information:

  1. Interest paid is exclusive of and purchase of fixed assets is inclusive of interest capitalised Rs.435.29 crores (2012-13: Rs.231.81 crores).
  2. Previous year figures have been recast/restated where necessary.
 
In terms of our report attached   For and on behalf of the Board  
For DELOITTE HASKINS & SELLS LLP   CYRUS P MISTRY Chairman
Chartered Accountants,   B MUTHURAMAN Vice Chairman
    NUSLI N WADIA  
    ISHAAT HUSSAIN  
    SUBODH BHARGAVA  
N VENKATRAM   JACOBUS SCHRAVEN Directors
Partner   ANDREW ROBB  
    MALLIKA SRINIVASAN  
    D K MEHROTRA  
    O P BHATT  
    KARL-ULRICH KOEHLER  
    KOUSHIK CHATTERJEE Group Executive Director
  A ANJENEYAN   (Finance & Corporate)
Mumbai, 14th May, 2014 Company Secretary T V NARENDRAN Managing Director