STATEMENT OF
CASH FLOWS for the years ended March 31, 2017 and 2016
| (` crore) | ||||||
| Year ended March 31, 2017 |
Year ended March 31, 2016 |
|||||
| (A) | CASH FLOWS FROM OPERATING ACTIVITIES: | |||||
| Profit before taxes | 5,356.93 | 1,543.34 | ||||
| Adjustments for: | ||||||
| Depreciation and amortisation expense | 3,541.55 | 2,962.28 | ||||
| (Profit)/loss on sale of non-current investments | (0.97) | - | ||||
| Income from non-current investments | (96.01) | (107.08) | ||||
| (Profit)/loss on assets sold/discarded/written off | 6.91 | (2.12) | ||||
| Exceptional (income)/expenses | 703.38 | 1,649.28 | ||||
| (Gain)/loss on cancellation of forwards, swaps and options | 66.95 | 1.21 | ||||
| Interest and income from current investments and guarantees | (389.36) | (270.26) | ||||
| Finance costs | 2,688.55 | 1,848.05 | ||||
| Exchange (gain)/loss on revaluation of foreign currency loans and swaps | 15.47 | (2.82) | ||||
| Other non cash items | (332.72) | (0.01) | ||||
| 6,203.75 | 6,078.53 | |||||
| Operating profit before working capital changes | 11,560.68 | 7,621.87 | ||||
| Adjustments for: | ||||||
| Non-Current/Current financial and other assets | (1,071.92) | (678.69) | ||||
| Inventories | (3,093.05) | 887.48 | ||||
| Non-Current/Current financial and other liabilities/provisions | 5,276.42 | 785.24 | ||||
| 1,111.45 | 994.03 | |||||
| Cash generated from operations | 12,672.13 | 8,615.90 | ||||
| Direct taxes paid | (1,540.87) | (1,244.10) | ||||
| Net cash from/(used in) operating activities | 11,131.26 | 7,371.80 | ||||
| (B) | CASH FLOWS FROM INVESTING ACTIVITIES: | |||||
| Purchase of fixed assets | (3,172.87) | (4,777.91) | ||||
| Sale of fixed assets | 6.80 | 32.13 | ||||
| Purchase of investments in subsidiaries | (100.12) | (171.28) | ||||
| Sale of investments in subsidiaries | - | 0.06 | ||||
| Purchase of other non-current investments | (177.73) | (423.38) | ||||
| Sale of other non-current investments | 3.90 | 3,980.35 | ||||
| (Purchase)/sale of current investments (net) | (668.19) | (3,139.69) | ||||
| Loans given | (31.37) | (44.69) | ||||
| Repayment of loans given | 20.43 | 62.92 | ||||
| Fixed deposits with banks (placed)/realised | (6.72) | (1.98) | ||||
| Interest and guarantee commission received | 117.34 | 24.67 | ||||
| Dividend received from subsidiaries | 38.14 | 41.27 | ||||
| Dividend received from associates and joint ventures | 40.89 | 22.87 | ||||
| Dividend received from others | 8.48 | 42.94 | ||||
| Net cash from/(used in) investing activities | (3,921.02) | (4,351.72) | ||||
| (C) | CASH FLOWS FROM FINANCING ACTIVITIES: | |||||
| Proceeds from issue of equity shares | 0.01 | - | ||||
| Proceeds from borrowings | 2,906.18 | 8,893.35 | ||||
| Repayment of borrowings | (6,162.07) | (7,912.44) | ||||
| Repayment of finance lease obligations | (111.63) | (82.82) | ||||
| Amount received/(paid) on utilisation/cancellation of derivatives | (97.22) | 625.29 | ||||
| Distribution on Hybrid Perpetual Securities | (265.76) | (266.49) | ||||
| Interest paid | (2,624.51) | (2,871.06) | ||||
| Dividend paid | (776.97) | (776.97) | ||||
| Tax on dividend paid | (147.74) | (149.30) | ||||
| Net cash from/(used in) financing activities | (7,279.71) | (2,540.44) | ||||
| Net increase/(decrease) in cash and cash equivalents | (69.47) | 479.64 | ||||
| Opening cash and cash equivalents (ReferNote 14, Page 207) | 974.68 | 495.16 | ||||
| Effect of exchange rate on translation of foreign currency cash and cash equivalents | - | (0.12) | ||||
| Closing cash and cash equivalents (Refer Note 14, Page 207) | 905.21 | 974.68 | ||||
(i) The Company has acquired property, plant and equipment of ₹ 730.00 crore (2015-16: Nil) on finance lease.
In terms of our report attached
For and on behalf of the Board of Directors
For DELOITTE HASKINS & SELLS LLP
Chartered Accountants
sd/-
N. Chandrasekaran
Chairman
(DIN: 00121863)
sd/-
Ishaat Hussain
Director
(DIN: 00027891)
sd/-
Andrew Robb
Director
(DIN: 01911023)
sd/-
O. P. Bhatt
Director
(DIN: 00548091)
sd/-
Mallika Srinivasan
Director
(DIN: 00037022)
sd/-
Peter Blauwhoff
Director
(DIN: 07728872)
sd/-
N. Venkatram
Partner
sd/-
Aman Mehta
Director
(DIN: 00009364)
sd/-
Deepak Kapoor
Director
(DIN: 00162957)
sd/-
D. K. Mehrotra
Director
(DIN: 00142711)
sd/-
Koushik Chatterjee
Group Executive Director
(Finance, Corporate & Europe)
(DIN: 00004989)
sd/-
T. V. Narendran
Managing Director
(DIN: 03083605)
sd/-
Parvatheesam K.
Company Secretary
(ACS: 15921)
Mumbai, May 16, 2017