2010-11 - Grasim

ULTRATECH CEMENT
MIDDLE EAST INVESTMENTS LIMITED
CONSOLIDATED CASH FLOW STATEMENT TEMENT FOR THE YEAR ENDED MARCH 31, 2011
Amount in AED crores
Amount in INR crores
Mar 31, 2011 Mar 31, 2010 Mar 31, 2011 Mar 31, 2010
A
Cash Flow from Operating Activities:
Profit before tax
(4.22) — (53.53) (0.04)
Adjustments for:
Depreciation and Obsolescence 3.66 — 45.42 —
Provision for Retirement benefits 0.08 — 0.91 —
Interest and Dividend Income (—) — (0.05) —
Interest and Finance Charges 1.78
— 22.10 —
Operating Profit Bef
efore
Working
Capital al Changes 1.29
— 14.86
(0.04)
Adjustments for:
(Increase)/decrease in Inventories 1.61
— 19.68
—
(Increase)/decrease in Sundry Debtors (3.00)
0) — (35.95) —
(Increase)/decrease in Loans and Advances (0.54) — (6.13)
—
Increase/(decrease) in Trade Payables
and other Liabilities (7.39)
— (92.83) 0.01
Net Cash Generated From Operations (A) (8.02) — (100.38)
0.38) (0.03)
B
Cash Flow from Investing
Activities:
Purchase of Fixed Assets (3.19)
— (32.32) —
Investment in subsidiaries (59.08) — (717.40)
—
Interest and Dividend Received 0.00 — 0.05 —
Net Cash used in Investing
Activities (B) (62.27) — (749.67)
—
C
Cash Flow from Financing Activities:
Proceeds from Issue of Share Capital 14.88
0.60 180.60
7.34
Proceeds from Long Term Borrowings 58.24 — 702.00 —
Interest and Finance Charges paid (1.78)
— (22.10)
—
Net Cash Generated / (Used) from
Financing Activities (C) 71.34
0.60 860.50 7.34
Net Increase/(Decrease) in cash and
cash equivalents (A + B + C) 1.05
0.60 10.45
7.31
Cash and Cash Equivalents at
the Beginning of the Year
0.60 — 7.31
—
Cash & Cash equivalent transfer
erred red on
account of requisition of ETA STAR
0.51 — 6.28 —
Effect of exchange rate on consolidation
of Foreign Subsidiary 0.11 — 3.56 —
Cash and Cash Equivalents at the End of the Year
2.27 0.60 27.60
.60 7.31
Notes:
1. Cash flow statement has been prepared under the indirect method as set out in Accounting Standard - 3
notified under the Companies (Accounting Standard) Rules, 2006.
2. Purchase of fixed assets includes movements of capital work-in-progress during the year.
3. Cash and cash equivalents represent cash and bank balances.
In terms of our report attached.
For and on behalf of the Board of Directors
For or MAHENDRA ASHER & CO.
Chartered Accountants
O. . P. P
. Puranmalka
Director
R. N. SHETTY
Partner
K. C. Birla
Director
Dubai, April 21, 2011
134