Annual Report - 2005-06 - GAIL (India)

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Consolidated Cash Flow Statement for the Financial Year ended 31st March, 2006 A. CASH FLOW FROM OPERATING ACTIVITIES (Rs.in Crores) 2005-06 2004-05 1. NET PROFIT BEFORE TAX AND EXTRAORDINARY ITEMS 3464.47 2980.92 2. ADD : DEPRECIATION 602.85 980.77 DEFERRED REVENUE EXPENSES W/O 3.04 (0.73) CAPITAL RESERVE (0.11) (0.12) EXCHANGE RATE VARIATION (0.60) (0.07) INTEREST EXPENDITURE 134.05 151.79 DIVIDEND INCOME ON INVESTMENTS (180.34) (120.32) INTEREST INCOME (236.82) (148.10) PROFIT/LOSS ON SALE OF ASSETS (NET) 2.15 0.53 324.22 863.75 3. OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES (1+2) 3788.69 3844.67 4. CHANGES IN WORKING CAPITAL (EXCLUDING CASH & BANK BALANCES) TRADE AND OTHER RECEIVABLES 188.05 (506.60) INVENTORIES (2.60) (5.27) TRADE AND OTHER PAYABLES 438.40 448.62 623.85 (63.25) 5. CASH GENERATED FROM OPERATIONS (3+4) 4412.54 3781.42 6. DIRECT TAXES PAID (1016.07) (896.57) Consolidated Cash Flow Statement for the Financial Year ended 31st March, 2006 (Rs.in Crores) 2005-06 2004-05 BALANCE BROUGHT FORWARD 3396.47 2884.85 B. CASH FLOW FROM INVESTING ACTIVITIES PURCHASE OF FIXED ASSETS (672.81) (453.63) SALE OF FIXED ASSETS 1.17 0.64 REDEMPTION OF BONDS/DEBENTURES 3.41 0.15 INVESTMENT IN OTHER COMPANIES (682.62) (94.25) INTEREST RECEIVED 224.12 124.62 DIVIDEND RECEIVED 180.34 120.32 ADJUSTMENT IN CWIP / PRE-OPERATIVE EXP - 208.26 NET CASH FROM INVESTING ACTIVITIES (946.39) (93.89) C. CASH FLOW FROM FINANCING ACTIVITIES PROCEEDS FROM APPLICATION OF NEW SHARES - 9.34 PROCEEDS FROM LONG TERM BORROWINGS - 216.80 REPAYMENT OF LONG TERM BORROWINGS (105.74) (224.75) INTEREST PAID (136.17) (152.26) DIVIDEND PAID (1159.57) (782.79) NET CASH FROM FINANCING ACTIVITIES (1401.48) (933.66) NET INCREASE IN CASH AND CASH EQUIVALENTS (A+B+C) 1048.60 1857.30 CASH AND CASH EQUIVALENTS AS AT 01.04.2005 3491.28 1633.98 (OPENING BALANCE) CASH AND CASH EQUIVALENTS AS AT 31.03.2006 4539.88 3491.28 (CLOSING BALANCE) NET CASH FROM OPERATING ACTIVITIES (5+6) 3396.47 2884.85 BALANCE CARRIED FORWARD 3396.47 2884.85 As per our separate report of even date N.K.Nagpal R.K.Goel S. P. Rao Proshanto Banerjee For M/s S. MANN & COMPANY Secretary Director (Finance) Director(Projects) Chairman & Managing Director Chartered Accountants Subhash Mann Place : New Delhi (Partner) Dated : April 28, 2006 Membership No. 80500 190 Winning Momentum 191
Gas Industry specific terminologies CBM Coal Bed Methane CNG Compressed Natural Gas DGH Director General Hydro-carbon DVPL Dahej-Vijaipur Pipeline E&P Exploration and Production ESA External Safety Audits GPU Gas Processing Unit GTI GAIL Training Institute HDPE High Density Polyethelyene HSE Health Safety and Environment HVJ Hazira Vijaipur Jagdishpur NELP New Exploration & Licensing Policy JLPL Jamnagar-Loni Pipeline O&M Operation and Maintenance LLDPE LNG LPG MMSCMD MMT MMTPA MOP&NG MOU MTs MW Linear Low Density Polyethelyene Liquified Natural Gas Liquified Petroleum Gas Metric Million Standard Cubic Meters Per Day Metric Million Tonne Metric Million Tonne Per Annum Ministry of Petroleum and Natural Gas Memorandum of Understanding Metric Tonnes Mega-Watt OLHC PNG SBPS TPA VSPL Other Liquid Hydro-Carbon Piped Natural Gas Special Boiling Point Solvent Tonnes Per Annum General Abbreviations BIS CSR ERP HRD JVCs PSU QC SCADA TQM Vizag-Secunderabad Pipeline Business Information System Corporate Social Responsibility Enterprise Resource Planning Human Resource Development Joint Venture Companies Public Sector Unit Quality Circle Supervisory Control and Data Acquisition Total Quality Management Financial terms BSE CAGR CAPEX EBIDTA ED EPS GDP NSE PAT PBIDTA PBIT Bombay Stock Exchange Compounded Annual Growth Rate Capital Expenditure Earnings Before Interest Depreciation Tax and Amortization Excise Duty Earnings Per Share Gross Domestic Product National Stock Exchange Profit After Tax Profit Before Interest Depreciation Tax and Amortization Profit Before Interest and Tax GLOSSARY PBT ROCE ROIC RONW Profit Before Tax Return on Capital- Employed Return on Invested-Capital Return on Net-Worth 192 Winning Momentum
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CONTENTS Chairman’s Message 4 Hig
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“ Winning takes talent but it tak
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“A Winning Combination” Shri S.
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Statutory Auditors M/s S. Mann & Co
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LPG MARKETING PIPELINE INTEGRITY MA
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GREEN GAS LIMITED (GGL): MAHANAGAR
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SAFE PERFORMANCE OF THE COMPANY Dur
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• GREENTECH Safety Gold Award for
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ANNEXURE TO THE DIRECTORS’ REPORT
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HDPE Production (MT) 111305 109158
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INDIAN GAS SECTOR - PERSPECTIVE OF
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Polyethylene market in India is dom
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GAIL has borne a subsidy of Rs.428
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LPG TRANSMISSION Your Company owns
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The other income represents a very
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SUNDRY DEBTORS The debtors (net of
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ii. Attendance of each Director at
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The payment made to Whole-time Dire
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GAIL Stock place at BSE (Rs./Share)
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Economic Approach Model The Economi
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Five Year Profile (B) GAS THROUGHPU
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(b) As per the information given to
Page 47 and 48: Profit & Loss Account for the Year
Page 49 and 50: Schedule 3 - Loan Funds (Rs.in Cror
Page 51 and 52: Schedule 5 - Capital Work-in-Progre
Page 53 and 54: Schedule 7 - Current Assets, Loans
Page 55 and 56: Schedule 10 - Manufacturing, Transm
Page 57 and 58: Cash Flow Statement for the Financi
Page 59 and 60: 20. Contingent Liabilities and Capi
Page 61 and 62: and the Income and the expenditure
Page 63 and 64: Sl. Segments Natural LPG No. Gas 1.
Page 65 and 66: Disclosure as required by Clause 32
Page 67 and 68: Schedule of Fixed Assets (Township)
Page 69 and 70: Review of the Accounts of GAIL (Ind
Page 71 and 72: Annual Report for the year ended 31
Page 73 and 74: Nexia Tan & Sitoh Certified Public
Page 75 and 76: Cash Flow Statement for the year en
Page 77 and 78: Quoted shares as at 31st March, 200
Page 79 and 80: Holding Company GAIL (India) Limite
Page 81 and 82: Auditor’s Report To The Board Of
Page 83 and 84: Schedule 1 - Share Capital Schedule
Page 85 and 86: Schedule 5 - Capital Work-in-Progre
Page 87 and 88: Schedule 7 - Current Assets, Loans
Page 89 and 90: (Rs.in Crores) Year Ended Year Ende
Page 91 and 92: III. Investment other than in Subsi
Page 93 and 94: ) During the year, the Company has
Page 95 and 96: Information About Business Segments
Page 97: Share of GAIL in assets, liabilitie
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Annual Report - 2005-06 - GAIL (India)

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