SURYA NEPAL PRIVATE LIMITED - ITC i

SURYA NEPAL PRIVATE LIMITED
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST ASADH 2069 (15TH JULY, 2012)
Figures in NRs. Figures in ` Figures in NRs. Figures in `
For the year ended For the year ended For the year ended For the year ended
31st Asadh 2069 31st Asadh 2069 32nd Asadh 2068 32nd Asadh 2068
(15th July, 2012) (15th July, 2012) (16th July, 2011) (16th July, 2011)
A
B
C
Cash Flow From Operating Activities
Net Profit Before Tax 4,407,387,130 2,754,616,956 3,730,168,387 2,331,355,238
Adjustments for :
Depreciation 344,578,427 215,361,518 269,701,443 168,563,403
Interest 159,784,168 99,865,105 32,526,939 20,329,337
Interest from Investments (5,683,125) (3,551,953) (5,683,125) (3,551,953)
Interest on Short Term/Call Deposits (20,374,758) (12,734,224) (33,986,968) (21,241,855)
Unrealised Loss/(Gain) on Foreign Exchange (Net) (2,115,443) (1,322,152) (422,158) (263,849)
Loss on Fixed Assets sold/discarded (Net) 4,663,834 2,914,896 1,705,951 1,066,219
Claims and Advance written off 152,454 95,284 — —
Provision for Doubtful Debts and Advance 477,178 298,236 220,118 137,574
Provision for Sales Return — — 9,523,511 5,952,194
Liability no longer required written back (11,185,333) (6,990,833) — —
Provision for Doubtful Advance/Debts written back (2,423,370) (1,514,606) (2,582,676) (1,614,173)
Operating Profit Before Working Capital Changes 4,875,261,162 3,047,038,227 4,001,171,422 2,500,732,135
Adjustments for :
Trade and Other Receivables (1,404,207,488) (877,629,680) (1,266,675,623) (791,672,260)
Inventories (255,281,296) (159,550,810) (803,029,204) (501,893,253)
Trade Payables 90,342,839 56,464,274 45,189,384 28,243,365
Cash Generated From Operation 3,306,115,217 2,066,322,011 1,976,655,979 1,235,409,987
Income Tax Paid (1,372,209,848) (857,631,155) (1,144,215,434) (715,134,646)
Net Cash From Operating Activities (A) 1,933,905,369 1,208,690,856 832,440,545 520,275,341
Cash Flow From Investing Activities
Purchase of Fixed Assets (920,974,314) (575,608,946) (662,868,937) (414,293,086)
Proceeds from Disposal of Fixed Assets 57,492 35,933 38,899 24,312
Interest Received 26,340,322 16,462,701 39,838,715 24,899,197
Net Cash Used in Investing Activities (B) (894,576,500) (559,110,312) (622,991,323) (389,369,577)
Cash Flow From Financing Activities
Proceeds from Long Term Borrowing 1,710,000,000 1,068,750,000 — —
Net Increase/(Decrease) in Cash Credit/Overdraft Facilities (329,037,278) (205,648,299) 733,247,775 458,279,859
Interest Paid (152,434,491) (95,271,557) (31,043,821) (19,402,388)
Dividends Paid (2,247,840,000) (1,404,900,000) (1,814,400,000) (1,134,000,000)
Net Cash Used in Financing Activities (C) (1,019,311,769) (637,069,856) (1,112,196,046) (695,122,529)
Net Increase/(Decrease) in Cash & Cash Equivalents (A+B+C) 20,017,100 12,510,688 (902,746,824) (564,216,765)
Cash and Cash Equivalents (Opening balance) 14,795,375 9,247,109 917,542,199 573,463,874
Cash and Cash Equivalents (Closing balance) 34,812,475 21,757,797 14,795,375 9,247,109
Cash and Cash Equivalents:
Cash and Cash Equivalents as above 34,812,475 21,757,797 14,795,375 9,247,109
Unrealised Gain / (Loss) on Foreign Currency Cash and Cash Equivalents - Net 1,644,286 1,027,679 (471,157) (294,473)
Cash & Bank Balance (Schedule 8) 36,456,761 22,785,476 14,324,218 8,952,636
This is the Cash Flow Statement referred to in our Report of even date.
Subhraketan Mitra Sanjiv Keshava Siddhartha SJB Rana K N Grant Y C Deveshwar
Head of Finance Managing Director Director Director Chairman
S R Pandey A K Mukerji B B Chatterjee Nem Lal Amatya Shashi Satyal
Director Director Director Partner Partner
N. Amatya & Co. T R Upadhya & Co.
Date: 19th Aswin 2069 (5th October 2012) Chartered Accountants Chartered Accountants
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