videocon industries limited - Domain-b

CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 30TH SEPTEMBER, 2008
Particulars Year ended on
30th Sept.,
2008
(Rupees in
Million)
Year ended on
30th Sept.,
2007
(Rupees in
Million)
A. CASH FLOW FROM OPERATING ACTIVITIES
Net Profit before Tax and Exceptional Items 12,800.99 9,233.26
a) Depreciation / Amortisation / Impairment 7,804.91 6,585.23
b) Interest and Finance Charges 5,326.04 4,565.37
c) Provision for Leave Encashment (78.60) 13.51
d) Provision for Warranty and Maintenance
(4.38) 15.39
Expenses
e) Provision for Retirement Benefits (1,008.05) (550.96)
f) Provision for Restructuring Cost (79.89) 17.63
g) Provision for Contingencies (72.45) (60.19)
h) Provision for Exchange Rate Fluctuation (1,023.91) 1,023.91
i) Miscellaneous Expenditure written off - 0.05
j) Diminution in value of Investments 640.16 40.30
k) Share of Profit in Associate company 50.80 31.18
l) Minority Interest for the year (60.04) 100.77
m) Interest Received (900.18) (551.24)
n) Income from Investments and Securities Division (116.65) (246.06)
o) Exceptional Items (1,278.10) -
p) Profit on Sale of Fixed Assets (146.36) (1,294.54)
Cash flow from Operating Activities before
21,854.29 18,923.61
Working Capital changes
Adjustments:
a) Inventories 5,314.35 (905.80)
b) Sundry Debtors 8,410.11 7,652.71
c) Other Current Assets (13.67) 328.69
d) Loans & Advances (20,682.16) (7,211.82)
e) Current Liabilities (10,894.62) (7,500.43)
Cash flow from Operating Activities 3,988.30 11,286.96
Less : Income Tax Paid 1,113.44 1,104.10
Less: Fringe Benefit Tax Paid 23.26 23.92
Net Cash flow from Operating Activities (A) 2,851.60 10,158.94
B. CASH FLOW FROM INVESTING ACTIVITIES
Sale of Fixed Assets/ Adjustment on account of
16,780.14 3,204.60
disposal/cessation of subsidiaries (Net)
Adjustment on Account of Producing Properties 550.19 -
Interest Received 900.18 551.24
Adjustment on Disposal of Subsidiaries 2,880.45 18.01
Income from Investments and Securities Division 116.65 246.06
21,227.61 4,019.91
Less:
Increase in Fixed Assets including Captial Work-inprogress
39,975.46 13,607.99
(including net additions on amalgamation)
Increase in Producing Properties 1,255.66 979.33
Increase in Investments (Net) 18,643.46 3,166.61
59,874.58 17,753.93
Net Cash flow from Investing Activities (B) (38,646.97) (13,734.02)
Particulars Year ended on
30th Sept.,
2008
(Rupees in
Million)
C. CASH FLOW FROM FINANCING ACTIVITIES
Increase in Equity Share Capital including on
account of amalgamation
Year ended on
30th Sept.,
2007
(Rupees in
Million)
83.57 1.08
Increase in Share Application Money 5,941.03 2,079.91
Increase in Minority Interest 243.27 -
Securities Premium Received 3,770.85 47.66
Increase in Secured Term Loans from Banks 33,838.14 (287.75)
Increase in Unsecured Loans 11,646.04 8,588.51
Increase in Working Capital
- 712.79
Loans from Banks
Increase in Revaluation Reserve - 118.75
Increase In Foreign Currency Translation
1,258.02 -
Reserve on Consolidation
56,780.92 11,260.95
Less:
Decrease in Share Capital Suspense including on
account of amalgamation - 0.004
Decrease in Capital Reserve on Consolidation 15,590.36 92.33
Decrease in Revaluation Reserve - Associate
158.54 -
Equity
Decrease in Minority Interest - 146.29
Decrease in Foreign Currency
- 1,088.28
Translation Reserve on Consolidation
Transfer of Deferred Tax Liabilities on disposal/
17.88 -
cessation of subsidiary
Redemption of Secured Non
1,107.96 1,628.94
Convertible Debentures
Decrease in Working Capital Loans from Banks 806.51 -
Payment of Dividend 842.22 809.91
Corporate Tax on Dividend 142.80 113.23
Interest and Finance Charges Paid 5,326.04 4,565.37
23,992.31 8,444.35
Net Cash flow from Financing Activities (C) 32,788.61 2,816.60
Net Change in Cash and Cash
(3,006.76) (758.49)
Equivalents (A+B+C)
Opening Balance of Cash and Cash
19,212.16 19,970.65
Equivalents
Closing Balance of Cash and
Cash Equivalents
16,205.40 19,212.16
As per our report of even date
For KHANDELWAL JAIN & CO. For KADAM & CO. For and on behalf of the Board
Chartered Accountants
Chartered Accountants
SHIVRATAN AGARWAL U.S.KADAM V.N.DHOOT S. PADMANABHAN
Partner Partner Chairman and Director
Membership No. 104180 Membership No. 31055 Managing Director
VINOD KUMAR BOHRA
Place : Mumbai Company Secretary
Date : February 26, 2009
45