| Rs. crores |
| |
|
|
|
|
|
Year ended
31.03.2012 |
|
| |
|
|
|
|
|
|
|
| A. |
Cash Flow from Operating Activities: |
| Profit before tax |
7,836.60 |
9,857.35 |
| Adjustments for: |
|
|
| Depreciation and amortisation expense |
1,640.38 |
1,151.44 |
| Impairment of fixed assets |
4.01 |
6.90 |
| (Profit)/Loss on assets sold/discarded |
3.00 |
52.98 |
| Provision for diminution in the value of investments |
90.13 |
– |
| Provision for doubtful advances in the nature of loans |
610.63 |
– |
| Profit on sale of non-current investments |
(12.33) |
(511.01) |
| (Gain)/Loss on cancellation of forwards, swaps and options |
127.93 |
41.92 |
| Interest and income from current investments |
(330.62) |
(863.83) |
| Income from non-current investments |
(702.35) |
(117.50) |
| Finance costs |
1,876.77 |
1,925.42 |
| Provision for wealth tax |
2.00 |
1.70 |
| Exchange (gain)/loss on revaluation of foreign currency loans and swaps |
440.75 |
283.59 |
| |
|
3,750.30 |
1,971.61 |
| Operating Profit before Working Capital Changes |
11,586.90 |
11,828.96 |
| Adjustments for: |
|
|
| Trade and other receivables |
873.33 |
1,512.79 |
| Inventories |
(398.95) |
(905.23) |
| Trade payables and other liabilities |
987.33 |
1,106.58 |
| |
|
1,461.71 |
1,714.14 |
| Cash Generated from Operations |
13,048.61 |
13,543.10 |
| Direct tax paid |
(1,979.94) |
(3,119.25) |
| Net Cash Flow from/(used in) Operating Activities |
11,068.67 |
10,423.85 |
| |
|
|
| B. |
Cash Flow from Investing Activities: |
| Purchase of fixed assets(2) |
(7,508.55) |
(7,059.20) |
| Sale of fixed assets |
14.51 |
9.19 |
| Purchase of investments in subsidiaries(3) |
(2,123.81) |
(2,541.97) |
| Purchase of other non-current investments |
(255.41) |
(55.36) |
| Sale of non-current investments |
0.87 |
– |
| Sale/Redemption of investments in subsidiaries |
231.32 |
576.10 |
| (Purchase)/Sale of current investments (net) |
991.70 |
2,226.19 |
| Inter-corporate deposits/Shareholders' loan given |
(127.30) |
(585.93) |
| Repayment of inter-corporate deposits/shareholders' loan |
50.00 |
4,006.87 |
| Interest received |
59.09 |
447.50 |
| Dividend received |
145.18 |
117.50 |
| Net Cash Flow from/(used in) Investing Activities |
|
(8,522.40) |
(2,859.11) |
| |
|
|
| C. |
Cash Flow from Financing Activities: |
| Issue of Equity Shares |
0.02 |
534.60 |
| Capital contributions received |
5.58 |
13.02 |
| Proceeds from Hybrid Perpetual Securities |
– |
775.00 |
| Proceeds from borrowings |
6,087.61 |
2,317.43 |
| Repayment of borrowings |
(7,181.00) |
(8,212.56) |
| Amount received/(paid) on cancellation of forwards, swaps and options |
(122.81) |
(31.82) |
| Expenses (incurred)/reimbursed on issue of equity instruments |
2.40 |
(16.79) |
| Distribution on Hybrid Perpetual Securities |
(265.76) |
(222.47) |
| Interest paid(2) |
(1,456.42) |
(1,592.85) |
| Dividend paid |
(1,165.46) |
(1,151.06) |
| Tax on dividend paid |
(185.75) |
(179.23) |
| Net Cash Flow from/(used in) Financing Activities |
|
(4,281.59) |
(7,766.73) |
| Net increase/(decrease) in Cash and Cash Equivalents |
(1,735.32) |
(201.99) |
| Opening Cash and Cash Equivalents |
3,900.53 |
4,102.52 |
| [Note 19, Page 142] |
|
|
| Closing Cash and Cash Equivalents |
2,165.21 |
3,900.53 |
| [Note 19, Page 142] |
|
|
|
|
|
|
| |
| |
Additional information:
- Figures in brackets represent outflows.
- Interest paid is exclusive of and purchase of fixed assets is inclusive of interest capitalised Rs. 174.13 crores (2011-12: Rs. 284.49 crores).
- Investment in subsidiaries represents the portion of purchase consideration discharged in cash during the year and includes application money on investments Rs. 1,318.15 crores (2011-12: Rs. 981.18 crores). The Company has transferred net assets of Rs. 296.46 crores (including Rs. 96.76 crores invested during the year) to Jamshedpur Continuous Annealing & Processing Company Private Limited against equity investments.
- Previous year figures have been recast/restated where necessary.
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| |
|
Financials 