2003-2004 - Cgglobal.com

Crompton Greaves Ltd.
Interim Dividend paid -156359 0
Corporate Tax on Dividend -20628 0
Interest paid (net) -383331 -651283
-1595358 -1186498
Net cash generated from/(used in) financing activities [C] -1595358 -862984
NET CHANGES IN CASH AND CASH EQUIVALENTS (A+B+C) 233913 898948
Cash and cash equivalents - Opening balance -1284426 -2183374
Cash and cash equivalents - Closing balance -1050513 -1284426
BREAK UP OF CASH AND CASH EQUIVALENTS
Cash and bank balances 801971 567575
Bank overdraft -1824984 -1852001
Inter corporate deposit payable -27500 0
-1050513 -1284426
NOTES:
1 The cash flow statement has been prepared under the indirect method as set out in Accounting
Standard - 3 “Cash Flow Statement” issued by The Institute of Chartered Accountants of India except in
case of dividend, purchase and sale of investments which have been considered on the basis of actual
movements of cash and cash equivalents with corresponding adjustments in assets and liabilities
2 Additions to fixed assets are stated inclusive of movements of capital work-in-progress between the
beginning and the end of the year and treated as part of investing activities
3 Figures for the previous year have been re-grouped/re-classified wherever necessary
2003-04 2002-03
Rs ’000 Rs ’000
Mumbai, 26th May, 2004
BR Jaju W Henriques S M Trehan K K Nohria
Chief Financial Officer Secretary Managing Director Chairman
AUDITOR’S CERTIFICATE
We have examined the attached cash flow statement of Crompton Greaves Limited for the year ended 31st
March, 2004 The statement has been prepared by the Company in accordance with the requirements of
Clause 32 of the Listing Agreement with the Stock Exchanges and is based on and in agreement with the
corresponding Profit and Loss Account and Balance Sheet of the Company covered by our report of 26th May,
2004 to the members of the Company
Mumbai, 26th May, 2004
SHARP & TANNAN
Chartered Accountants
L Vaidyanathan
Partner
Membership no 16368
115