Scheduleforming part of the Balance Sheet - Domain-b

The Indian Hotels Company Limited
36
Rs/Crores
Particulars Year Ended
March 31, 2008 March 31, 2007
Net cash from operating activities 474.36 520.49
Net cash used for investing activities (492.97) (354.88)
Net cash from/(used in) financing activities 5.33 (260.30)
Net Increase / (Decrease) in cash and cash equivalents (13.28) (94.69)
Operating Activities:
Net cash from operating activities was lower at Rs 474.36 crores as compared to Rs 520.49 crores in the previous year, mainly due
to lower tax outflow in the previous year on account of adjustment of tax losses of the merging companies.
Investing Activities
Net cash used for investing activities was mainly on account of
� Rs 259.00 crores spent towards expansion plans, renovation of existing properties and replacement/up-gradation of existing
fixed assets .
� Rs 49.60 crores for investment in Joint Venture Company, Bjets Pte. Ltd.
� Rs 179.02 crores for acquisition of Campton Place, San Francisco and renovation of The Pierre, New York.
Financing Activities
The Company during the year, repaid 11.42% secured Non-Convertible Debentures totaling to Rs 330.74 crores by raising 9.86%
Secured Non-Convertible Debentures totaling to Rs 300 crores. In addition, the Company raised a debt of US$ 30 million through
External Commercial Borrowings route to part finance the acquisition of Campton Place, San Francisco.
Certain Financial Ratios for Standalone Financials:
Particulars Year Ended
Rs/Crores
March 31, 2008
Net Debt to Total Capital (total debt less cash and bank
March 31, 2007
balances divided by the sum of net debt and net worth)
Net Debt to Equity (total debt less cash and bank
0.33 0.34
balances divided by the sum of net debt and net worth) 0.52 0.52
Consolidated Financial Results
Your Company has Consolidated its Financial Statements with those of its Subsidiaries, Joint Ventures and Associates (together
referred as ‘Group Companies’ or ‘Group’) in accordance with generally accepted accounting practices prevailing in India. The
Consolidated statements include the financial position of Subsidiaries on line by line basis, Jointly Controlled entities on a line by
line basis to the extent of proportionate holding and Associates by a one-line consolidation of share of profit after tax.
The following table sets forth the Consolidated Financial results for the year ended March 31, 2008