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VAdinAR poRts & teRminAls limited<br />
CASH FLOW STATEMENT FOR THE PERIOD ENDED 31 ST MARCH, 20<strong>11</strong><br />
In terms of our <strong>report</strong> attached<br />
For Deloitte Haskins & Sells For and on behalf of the Board<br />
Chartered Accountants<br />
Khurshed Pastakia Rajiv Agarwal Shailesh Sawa<br />
Partner Director Director<br />
Mumbai Mumbai<br />
June 16, 20<strong>11</strong> June 16, 20<strong>11</strong><br />
AnnuAl RepoRt <strong>2010</strong>-<strong>11</strong> ¬ 202<br />
Year ended For the period from<br />
31 st March, 21 st April 2009 to<br />
20<strong>11</strong> 31 st March, <strong>2010</strong><br />
( ` ) ( ` )<br />
A) Cash flow from operating activities<br />
Loss for the year (410,000) (400,000)<br />
Cash utilised in operations (410,000) (400,000)<br />
Income taxes refund / (paid) net (25,753,214) –<br />
Net cash used in operating activities (26,163,214) (400,000)<br />
B) Cash flow from investing activities<br />
Purchase of capital work-in-progress including advances (1,645,017,<strong>11</strong>5) (3,722,428,382)<br />
Purchase of current investments (205,575,340) (70,000,000)<br />
Proceeds from sale of current investments 277,086,321 –<br />
Loans and advances given to other body corporates (497,000,000) –<br />
Loans and advances repaid by other body corporates 25,000,000 –<br />
Interest received 2,520,891 –<br />
Increase in Loans and Advances and Other Current Assets (149,917,413) (319,368,872)<br />
(Increase)/ Decrease in Current Liabilities and Provision (100,553,658) 310,695,844<br />
Net cash used in investing activities (2,293,456,314) (3,801,101,410)<br />
C) Cash flow from financing activities<br />
Issue of share capital – 546,544,570<br />
Advance towards share application money 335,000,000 –<br />
Proceeds from secured loans 2,743,531,701 2,500,000,000<br />
Proceeds from secured loans - short term – 500,000,000<br />
Repayment from secured loans - short term – (500,000,000)<br />
Bills accepted during the year 1,568,142,171 906,438,012<br />
Bills repaid during the year (1,759,331,702) –<br />
Interest and finance expenses paid (540,377,333) (146,257,964)<br />
Net cash flow from financing activities 2,346,964,837 3,806,724,618<br />
Net change in cash and cash equivalents (A+B+C) 27,345,309 5,223,208<br />
Cash and cash equivalents at the beginning of the year 5,223,208 –<br />
Cash and cash equivalents at the end of the year. (Refer Schedule 5) 32,568,517 5,223,208<br />
Notes:<br />
1 Non cash transactions:<br />
During previous year the Company purchased capital work-in-progress amounting to ` 3,966,300,000 from Vadinar Oil<br />
Terminal Limited by issuing 191,480,000 equity shares of ` 10 each and the balance consideration was settled in cash.<br />
(Refer note B(1) of schedule 7)<br />
2 Cash flow statement has been prepared under the indirect method as set out in Accounting Standard – 3 “Cash flow<br />
Statement” as notified under the Companies (Accounting Standards) Rules, 2006.
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