Annual Report 2011/2012 - Colombo Stock Exchange

MERCANTILE SHIPPING COMPANY PLC
CASH FLOW STATEMENT
Year ended 31 March 2012
Group
Company
Cash Flows From / (Used in) Operating Activities
Note
2012
Rs.
2011
Rs.
2012
Rs.
2011
Rs.
Profit/ (Loss) Before Tax
(33,366,164)
(28,609,925)
4,364,325
(14,513,491)
Adjustments for
Finance Income
Depreciation
Profit on Disposal of Property, Plant and Equipment
Finance Costs
Provision for Defined Benefit Plans
Exchange Loss/ (Gain)
Operating Profit/(Loss) before Working Capital Changes
17.2
17.1
13
(2,332,385)
181,315,586
(5,376,313)
103,870,087
120,282
(8,669,195)
235,561,899
(1,063,483)
182,731,519
(2,708,333)
91,075,897
191,874
4,533,282
246,150,831
(2,332,385)
3,251,991
(5,376,313)
-
60,875
(1,529,075)
(1,560,581)
(1,056,338)
3,076,852
(2,708,333)
-
78,021
1,300,672
(13,822,618)
(Increase)/Decrease in Inventories
(Increase)/Decrease in Trade and Other Receivables
Increase/(Decrease) in Trade and Other Payables
Cash Generated From Operations
2,502,654
(711,449)
7,438,819
244,791,922
(1,801,208)
(2,067,686)
(21,154,366)
221,127,571
-
3,589,359
4,861,989
6,890,767
-
107,396,245
(30,726,834)
62,846,793
Finance Costs Paid
Defined Benefit Plan Costs Paid
Income Tax Paid
Net Cash From/(Used in) Operating Activities
17.1
13
(103,870,087)
-
(2,596,123)
140,921,835
(91,075,897)
(230,350)
(5,631,300)
124,190,023
-
-
(2,216,574)
4,674,193
-
(230,350)
(6,184,516)
56,431,927
Cash Flows From / (Used in) Investing Activities
Acquisition of Property, Plant and Equipment
Proceeds from Disposal of Property, Plant and Equipment
Investment made in Subsidiaries
Finance Income Received
17.2
Net Cash Flows From/(Used in) Investing Activities
(3,231,061)
5,376,313
-
2,332,385
4,477,637
(6,090,925)
2,708,333
-
1,063,483
(2,319,109)
-
5,376,313
-
2,332,385
7,708,698
(6,090,950)
2,708,333
(125,000,000)
1,056,338
(127,326,279)
Cash Flows From / (Used in) Financing Activities
With Holding Tax Paid on Script Dividend
Repayment of Interest Bearing Loans and Borrowings
Net Cash Flows From/(Used in) Financing Activities
12
-
(152,728,923)
(152,728,923)
(1,370,865)
(177,635,428)
(179,006,293)
-
-
-
(1,370,865)
-
(1,370,865)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
10,038,010
(4,533,282)
1,529,074
(1,300,672)
Net Increase/(Decrease) in Cash and Cash Equivalents
2,708,560
(61,668,661)
12,382,891
(73,565,889)
Cash and Cash Equivalents at the Beginning of the Year
Cash and Cash Equivalents at the End of the Year
117,269,577
119,978,137
178,938,238
117,269,577
47,180,822
61,092,787
120,746,711
47,180,822
Analysis of Cash and Cash Equivalents
Short Term Investments
Cash and Bank Balances
Cash and Cash Equivalents at the End for the Purpose of Cash Flow Statement
9
10
42,174,408
77,803,729
119,978,137
29,878,575
87,391,002
117,269,577
42,174,408
18,918,379
61,092,787
29,878,575
17,302,247
47,180,822
The Accounting Policies and Notes on pages 19 through 37 form an integral part of the Financial Statements.
18