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Crompton Greaves Ltd.<br />
Cash Flow Statement<br />
for the year ended 31st March, <strong>2004</strong><br />
[A]<br />
[B]<br />
CASH FLOWS FROM OPERATING ACTIVITIES<br />
<strong>2003</strong>-04 2002-03<br />
Rs.’000<br />
Rs.’000<br />
Net profit before Tax and Exceptional Items 836,919 310,014<br />
Depreciation 442,207 452,596<br />
Interest (net) 384,854 644,281<br />
Investment in<strong>com</strong>e -14,855 -3,463<br />
Miscellaneous Expenditure written off 32,006 43,794<br />
Profit(-)/Loss(+) on sale of investments -44,695 0<br />
Exchange Premium -61,658 24,214<br />
Profit(-)/Loss(+) on sale of fixed assets -24,212 -31,928<br />
Employee Voluntary Retirement Scheme 150,013 252,057<br />
863,660 1,381,551<br />
Operating profit before working capital changes 1,700,579 1,691,565<br />
Adjustments for:<br />
Trade and other receivables -418,840 -17,133<br />
Inventories 188,761 -149,051<br />
Trade and other payables 518,763 161,231<br />
Leave encashment provision -11,361 15,642<br />
277,323 10,689<br />
Cash generated from / (used in) operations 1,977,902 1,702,254<br />
Direct taxes Paid (-) / Refund received (+) 8,975 25,032<br />
Cash flow before exceptional items 1,986,877 1,727,286<br />
Advance written off -32,500 -27,300<br />
Employee Voluntary Retirement Scheme Incurred -94,821 -56,606<br />
Miscellaneous Expenditure Incurred -33,355 -43,270<br />
-160,676 -127,176<br />
Cash generated from / (used in) operations [A] 1,826,201 1,600,110<br />
CASH FLOWS FROM INVESTING ACTIVITIES<br />
Add: Inflows from investing activities<br />
Sale of fixed assets 254,841 53,499<br />
Sale of investments (Gross) 3,880,665 361,678<br />
Government Subsidy Received 1,500 1,000<br />
Investment in<strong>com</strong>e 14,855 3,463<br />
Less: Outflows from investing activities<br />
4,151,861 419,640<br />
Purchase of fixed assets -340,587 -261,655<br />
Purchase of investments -3,796,460 -63,495<br />
-4,137,047 -325,150<br />
Net cash generated from / (used in) investing activities [B] 14,814 94,490<br />
87
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