Untitled - Domain-b

BConsolidated Cash low Statement as at March 31
2004
Rs. ’000
2003
A. CASH LOW ROM OPERATING ACTIVITIES
Net Profit before taxation and extraordinary items
Adjustments for :
4,183,014 3,477,845
Depreciation 319,632 298,422
Share issue and Preliminary expenses written off 631 6,139
Prior Period expenses 1,024 (15,163)
Deferred Revenue Expenditure written-off 125,679 181,758
Provision for doubtful debts and advances 192,667 445,257
Loss on Sale/ Discard / Shortage of ixed Assets (Net) 88,842 34,713
Provision for Diminution/Loss on Sale/Write-off of Investments (Net) 3,204 –
oreign Exchange adjustments (560,797) (25,223)
Interest expense 492,876 623,004
Dividend Income (10,504) (1,980)
Interest Income (605,862) (689,270)
Exceptional Items – (183,902)
Adjustment to balance brought forward on restructuring [Refer note 16(c)] 299,738 –
Operating profit before working capital changes
Adjustments for :
4,530,144 4,151,600
(Increase) / Decrease in trade and other receivables (38,158) 1,017,789
Decrease in Program / ilm rights and inventories 155,937 75,379
(Decrease) in trade and other payables (286,772) (277,969)
Cash Generated from Operations 4,361,151 4,966,799
Direct taxes paid (1,078,478) (688,634)
Net Cash flow from Operating Activities 3,282,673 4,278,165
B. CASH LOW ROM INVESTING ACTIVITIES
Purchase of ixed Assets (819,046) (174,727)
Purchase of / Advances for Investments (1,600,772) (1,995,344)
Investment for Acquisition of subsidiaries – (839,998)
Disposal of Investment in subsidiaries – 1,846
Loans to others (8,163,930) (5,391,820)
Loans repaid by others 6,410,038 4,867,780
Dividend received 11,825 1,980
Sale of Investments 3,278,338 1,872
Sale of fixed assets 16,281 50,967
Interest received 613,782 671,578
Net Cash flow from Investing Activities (253,484) (2,805,866)
C. CASH LOW ROM INANCING ACTIVITIES
Dividend paid (including dividend tax) (261,211) (251,732)
Interest paid (674,817) (538,200)
Payments to Minorities (net) (29,218) –
Proceeds from short term borrowings 144,869 1,064,550
Proceeds from long term borrowings 804,935 98,727
Repayments of long term borrowings (1,965,927) (2,101,749)
Repayments of short term borrowings (1,203,136) (650,000)
Payment under finance leases (7,767) (7,457)
(Decrease) / Increase in miscellaneous expenditure 1,569 (51,599)
Net Cash flow from inancing Activities (3,190,703) (2,437,460)
Net Cash low during the year (A+B+C) (161,514) (965,161)
Cash and Cash Equivalents at the beginning of the year 1,287,262 1,885,535
Cash and Cash Equivalents taken over on Acquisitions – 366,888
Cash and Cash Equivalents at the end of the year 1,125,748 1,287,262
1. Previous year’s figures have been regrouped, recast wherever necessary.
2. Sale of Investments includes advance for investments refunded Rs./Thousand 1,800,682.
As per our attached report of even date
Mohan Bhandari
Partner,
or and on behalf of
MGB & Co.
Chartered Accountants
Place : Mumbai
Date : July 29, 2004
or and on behalf of the Board
Subhash Chandra Chairman & Managing Director
Ashok Kurien Director
Nemi Chand Jain Director
Hitesh Vakil Director - inance
Vikas Gupta Company Secretary
ZEE TELEILMS LIMITED