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essAR poRts limited (formerly known as essar shipping ports & logistics limited)<br />
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 20<strong>11</strong><br />
AnnuAl RepoRt <strong>2010</strong>-<strong>11</strong> ¬ 48<br />
Year ended Year ended<br />
31.03.20<strong>11</strong> 31.03.<strong>2010</strong><br />
(` in crore) (` in crore)<br />
A. CASH FLOW FROM OPERATING ACTIVITIES<br />
Profit before tax<br />
Adjustments for :<br />
<strong>11</strong>7.43 122.21<br />
Depreciation / amortisation/ impairment 320.84 446.94<br />
Interest and finance expenses 473.75 537.35<br />
Interest income from long term investment – (3.62)<br />
Interest income (53.72) (79.15)<br />
Loss /(Profit) on sale of assets (30.<strong>11</strong>) 0.18<br />
Provision for employee benefits - non funded – 6.<strong>11</strong><br />
Profit on sale of long term investments (52.60)<br />
Profit on sale of investments (1.62) (0.06)<br />
Dividend on investments (18.49) (0.53)<br />
Excess provision of earlier year written back (0.81) 18.49<br />
Foreign exchange difference loss / (gain)<br />
Currency alingnment on conversion of non-integral subsidiaries and<br />
(14.95) 9.91<br />
translation adjustment (net) – (45.52)<br />
Operating profit before working capital changes<br />
Adjustments for:<br />
739.72 1,012.31<br />
Trade and other receivables 77.03 (138.27)<br />
Inventories (5.53) 4.17<br />
Trade and other payables 96.67 (476.36)<br />
Cash generated from operations 907.89 401.85<br />
Income taxes refund / (paid) net (48.56) (14.99)<br />
Fringe benefit tax paid – (0.02)<br />
Net cash flow from operating activities 859.33 386.84<br />
B. CASH FLOW FROM INVESTING ACTIVITIES<br />
Purchase of fixed assets including capital work-in-progress /advance (1,282.88) (1,893.22)<br />
Proceeds from sale of fixed assets * 47.56 167.63<br />
Purchase of current investments (1,545.57) (296.46)<br />
Purchase of non current investments – (1.12)<br />
Proceeds from sale of current investments 1,641.38 719.78<br />
Proceeds from sale of non - current investments 370.45 0.08<br />
Fixed deposits matured for a period of more than three months,net (67.21) (120.01)<br />
Loans and advances given to body corporates – (908.71)<br />
Loans and advances repaid by body corporates 468.87 <strong>11</strong>7.54<br />
Dividend on investments 18.49 0.53<br />
Interest income from long term investment – 3.62<br />
Interest received 59.31 75.25<br />
Preference share purchase from minority (100.61) –<br />
Net cash used for investing activities (390.21) (2,135.09)
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