2010-11 - Grasim

UltraTec
ech Cement Limited
A
B
C
` in Crores
March 31, 2011 March 31, 2010
Cash Flow from Operating Activities:
Profit before tax
1,747
47.62
1,597.81
Adjustments for:
Depreciation and Obsolescence 812.98
389.65
Amortisation of Goodwill on Consolidation - 1.68
Compensation Expenses under Employees Stock Option Scheme 0.86 0.34
Provision for Doubtful Debts and Advances / (Written back) (3.29) 0.28
Bad Debts Written-off 0.09 0.44
Excess Provision written back (32.50) (12.56)
Provision for Retirement benefits 32.65 12.96
Provision for Mines Restoration 1.85
1.73
Interest and Dividend Income (119.06)
(55.41)
Interest and Finance Charges 299.46 117.75
Unrealised Foreigh Exchange (Gain) (1.20)
(13.91)
Unrealised loss on Investments - 1.07
(Profit)/Loss on Sale of Fixed Assets 0.04 (0.13)
(Profit)/Loss on Sale of Current Investment (18.36)
(2.02)
Operating Profit Bef
efore
Working Capital al Changes 2,721.1
.14 2,039.68
Adjustments for:
(Increase)/decrease in Inventories (101.87)
(121.43)
(Increase)/decrease in Sundry Debtors (134.27)
(14.04)
(Increase)/decrease in Loans and Advances (12.39)
30.79
Increase/(decrease) in Trade Payables and other Liabilities 51.47
50.33
Cash Generated From Operations 2,524.08 1,985.33
Taxes paid (525.80) (391.86)
Expenditure for Mines Restoration - (0.15)
Net Cash Generated from Operating Activities (A) 1,998.28 1,593.32
Cash Flow from Investing
Activities:
Purchase of Fixed Assets (1,271.92)
(275.38)
Sale of Fixed Assets 5.69 3.09
Expenditure for Cost on Assets transferred from SCL, (25.00)
0) -
pursuant to Scheme of Amalgamation
(Increase) / decrease in Current Investments (362.69) (628.26)
Investment in Subsidiaries (717.40)
-
Purchase of Long Term Investments (0.05) -
Profit on Sale of Current Investments 18.36
2.02
Interest and Dividend Received 113.1
3.11 55.41
Net Cash used in Investing
Activities (B) (2,239.90) (843.12)
Cash Flow from Financing Activities:
Proceeds from Issue of Share Capital 1.41
0.07
Repayment of Long Term Borrowings (298.33) (300.00)
Proceeds from Long Term Borrowings 824.56 32.89
Proceeds /(Repayment) of Short Term Borrowings (net) 177
77.49
(253.92)
Interest and Finance Charges paid (315.36)
(146.17)
Dividend Paid (121
21.68)
(62.66)
Corporate Dividend Tax (20.02) (10.58)
Net Cash Generated / (Used) from Financing Activities (C) 248.07 (740.37)
Net Increase/(Decrease) in Cash and Cash equivalents (A + B + C) 6.45 9.83
Cash and Cash Equivalents at the Beginning of the Year 111.69 104.68
Cash and cash equivalents transfer
erred red from:
1. SCL, pursuant to Scheme of Amlgamation 66.64 -
2. ETA A Star
ar, , pursuant to acquisition by UCMEIL 6.29 -
Effect ect of exchange rate on consolidation of Foreign Subsidiary (0.97) (2.82)
Cash and Cash Equivalents at the End of the Year 190.10 111.69
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.
Accounting Policies and Notes on Accounts 21
Schedule referred above form an integral part of the Accounts.
In terms of our report attached.
For and on behalf of the Board
KUMAR MANGALAM BIRLA
Chairman
For DELOITTE HASKINS & SELLS For G. P. KAPADIA & CO. K. C. BIRLA R. C. BHARGAVA
Chartered Accountants Chartered Accountants Sr. Executive President & CFO Director
B. P. SHROFF ATUL B. DESAI S. K. CHATTERJEE O. P. PURANMALKA
Partner Partner Company Secretary Whole-time Director
Mumbai, April 26, 2011
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