100th Annual Report 2006-2007 - Tata Steel
100th Annual Report 2006-2007 - Tata Steel
100th Annual Report 2006-2007 - Tata Steel
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Hundredth annual report <strong>2006</strong>-07<br />
Consolidated Cash Flow Statement for the year ended 31st March, <strong>2007</strong><br />
Year Ended<br />
Year Ended<br />
31-3-<strong>2007</strong> 31-3-<strong>2006</strong><br />
Rupees crores<br />
Rupees crores<br />
A. Cash Flow from Operating Activities :<br />
Profit before taxes, minority interest &<br />
share of profits of associates 6313.02 5514.98<br />
Adjustments for :<br />
Depreciation 1010.98 860.37<br />
Income from investments (317.41) (156.21)<br />
(Profit)/Loss on sale of investments (26.36) (10.66)<br />
(Profit)/Loss on sale of assets/discarded assets written off (10.71) (42.14)<br />
Impairment of Assets 6.22 —<br />
Reversal of impairment loss — (3.33)<br />
Interest income (222.88) (45.96)<br />
Interest charged to Profit and Loss Account 634.07 207.56<br />
Amount received on cancellation of forward covers/options (83.59) (37.73)<br />
Provision for diminution in value of investments 0.10 0.02<br />
Employee Separation Compensation 153.03 54.20<br />
Provision for contingencies 0.22 (2.64)<br />
Foreign exchange gain/(loss) on consolidation (120.13) (20.55)<br />
Provision for Wealth Tax 1.11 1.08<br />
Amortisation of Goodwill 166.95 25.33<br />
Amortisation of long term expenses 117.20 5.31<br />
1308.80 834.65<br />
Operating Profit before Working Capital Changes 7621.82 6349.63<br />
Adjustments for :<br />
Trade and Other Receivables (960.13) (112.97)<br />
Inventories (639.95) (237.25)<br />
Trade Payables and Other Liabilities 1853.95 (223.93)<br />
253.87 (574.15)<br />
Cash Generated from Operations 7875.69 5775.48<br />
Direct Taxes paid (2144.56) (1819.83)<br />
(2144.56) (1819.83)<br />
Cash Flow before Exceptional Items 5731.13 3955.65<br />
Employee Separation Compensation paid (228.12) (220.13)<br />
Net Cash from Operating Activities 5503.01 3735.52<br />
B. Cash Flow from Investing Activities :<br />
Purchase of Fixed Assets (2975.11) (1932.75)<br />
Sale of Fixed Assets 48.03 51.11<br />
Pre-operative expenses (4.75) (1.75)<br />
Purchase of Investments (28551.90) (8200.72)<br />
Acquisition of Subsidiaries/Joint Ventures (668.62) (1.11)<br />
Sale of Investments 15342.47 7356.08<br />
Purchase of Goodwill (net) — (0.56)<br />
Interest received 204.24 73.27<br />
Dividend received 317.41 156.21<br />
Net Cash from Investing Activities (16288.23) (2500.22)<br />
190