Download Cash Flow Statement for the year ended 31st March, 2016

Cash Flow Statement for the year ended 31st March, 2016
For the year ended
31st March, 2016
(` in Crores)
For the year ended
31st March, 2015
(` in Crores)
14958.39
13997.52
A. Cash Flow from Operating Activities
PROFIT BEFORE TAX
ADJUSTMENTS FOR:
Depreciation and Amortisation Expense
Finance costs
Interest Income
Dividend Income from Long-Term Investments
Dividend Income from Current Investments
Loss on Sale of Fixed Assets - Net
Net gain on sale of Current Investments
Doubtful and Bad Debts
Doubtful and Bad Advances, Loans and Deposits - Net
Provision for Investment in Subsidiary companies, reversed - Net
Loss on sale of Long-Term Investment in Subsidiary company
Excess of Cost of Current Investments over Fair Value, reversed - Net
Foreign Currency translations and transactions - Net
OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES
ADJUSTMENTS FOR:
Trade Receivables, Loans and Advances and Other Assets
Inventories
Trade Payables, Other Liabilities and Provisions
1034.45
49.13
(851.63)
(338.92)
(37.98)
45.21
(553.67)
22.40
(9.50)
(26.00)
34.48
(84.78)
(0.76)
(159.92)
(683.06)
681.23
CASH GENERATED FROM OPERATIONS
Income Tax Paid
NET CASH FROM OPERATING ACTIVITIES
(717.57)
14240.82
(161.75)
961.74
57.42
(611.22)
(357.55)
(219.37)
24.89
(334.44)
19.79
0.54
–
–
(29.53)
(5.33)
571.85
(469.39)
(72.27)
(493.06)
13504.46
30.19
14079.07
(4827.72)
13534.65
(4225.78)
9251.35
9308.87
B. Cash Flow from Investing Activities
Purchase of Fixed Assets
Sale of Fixed Assets
Purchase of Current Investments
Sale/ Redemption of Current Investments
Investment in Joint Ventures
Investment in Subsidiaries
Purchase of Long-Term Investments from Subsidiary
Purchase of Long-Term Investments
Sale of Long-Term Investments to Subsidiary
Redemption proceeds of Long-Term Investments
Dividend Income from Long-Term Investments Received
Dividend Income from Current Investments Received
Interest Received
Investment in bank deposits
(original maturity more than 3 months)
Redemption / Maturity of bank deposits
(original maturity more than 3 months)
Redemption / Maturity of deposits with financial institutions
Loans Given
Loans Realised
NET CASH USED IN INVESTING ACTIVITIES
118
ITC Limited
REPORT AND ACCOUNTS 2016
(2183.98)
6.88
(140152.13)
141499.39
–
(286.98)
(121.00)
(4926.25)
5.40
187.00
338.92
37.98
716.31
(3051.06)
6.56
(88047.10)
88780.80
(3.87)
(88.79)
–
–
–
–
(5366.87)
(7183.08)
6450.13
–
(3.20)
48.07
2820.29
750.00
–
64.81
357.55
219.37
551.95
(3750.33)
(4822.57)
Cash Flow Statement for the year ended 31st March, 2016
For the year ended
31st March, 2016
(` in Crores)
For the year ended
31st March, 2015
(` in Crores)
C. Cash Flow from Financing Activities
Proceeds from issue of Share Capital
Repayment of Long-term borrowings
Net increase/ (decrease) in Cash / Export Credit Facilities
Interest Paid
Net increase in Statutory Restricted Accounts Balances
Dividend Paid
Income Tax on Dividend Paid
NET CASH USED IN FINANCING ACTIVITIES
NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS
OPENING CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS PURSUANT TO THE SCHEME
OF ARRANGEMENT
CLOSING CASH AND CASH EQUIVALENTS
531.70
(14.31)
3.58
(23.05)
19.10
(5009.70)
(968.84)
978.79
(15.40)
(0.23)
(5.67)
21.22
(4771.91)
(780.41)
(5461.52)
39.50
36.29
(4573.61)
(87.31)
121.06
–
75.79
2.54
36.29
Notes:
1. The above Cash Flow Statement has been prepared under the “Indirect Method”
as set out in Accounting Standard - 3 “Cash Flow Statements”.
2. The following are non-cash transactions:
(a) Pursuant to the Scheme of Arrangement [Refer Note 31(x)], the entire assets and liabilities
of the Non-Engineering Business of Wimco Limited was transferred to and vested in the
Company, from 1st April, 2013, which is included in financial year 2014-15 at the values
stated below:
(i) Loan Funds
(ii) Other Liabilities
(iii) Fixed Assets (Net)
(iv) Investments
(v) Other Assets
2.00
93.29
103.11
5.99
58.38
(b) Issue of Shares during the year 2014-15 of ` 0.01 Crore pursuant to the Scheme of
Arrangement [Refer Note 31(x)(d)].
3. CASH AND CASH EQUIVALENTS:
Cash and cash equivalents as above
Other bank balances
Unrealised Gain/(Loss) on Foreign Currency Cash and cash equivalents
Cash and bank balances (Note 16)
75.79
6488.16
...
6563.95
36.29
7552.32
...
7588.61
The accompanying notes 1 to 34 are an integral part of the Financial Statements.
In terms of our report attached
For Deloitte Haskins & Sells
Chartered Accountants
SHYAMAK R TATA
Partner
On behalf of the Board
Y. C. DEVESHWAR
R. TANDON
B. B. CHATTERJEE
Chairman
Director & Chief Financial Officer
Company Secretary
Kolkata, 20th May, 2016
ITC Limited
REPORT AND ACCOUNTS 2016
119