Scheduleforming part of the Balance Sheet - Domain-b

The Indian Hotels Company Limited
74
Cash Flow Statement for the year ended 31st March, 2008
Rupees Rupees Rupees
Previous Year
Rupees
crores crores crores crores
Cash Flow From Operating Activities
Net Profit Before Tax
Adjustments For :
580.47 474.64
Depreciation 85.48 91.44
Amortisation of VRS Expenditure 0.51 0.51
Profit on sale of investments - (24.75)
Loss / (Profit) on sale of assets 5.98 (0.19)
Provision for Doubtful Debts and Advances (1.26) 1.95
Dividend Income (19.98) (32.78)
Interest (Net) 94.28 71.89
Unrealised Exchange Gain on borrowings (14.23) (9.80)
Provision for Diminution in value of Investments written back (0.25) -
Provision for Loyalty Programmes 2.14 2.01
Provision for Employee Benefits 0.93 9.67
153.60 109.95
Cash Operating Profit before working capital changes
Adjustments For :
734.07 584.59
Trade and Other Receivables (19.56) (19.62)
Inventories (3.83) (1.74)
Trade Payables (29.24) 69.83
(52.63) 48.47
Cash Generated from Operating Activities 681.44 633.06
Direct Taxes Paid (207.08) (112.57)
Net Cash From Operating Activities
Cash Flow From Investing Activities
474.36 520.49
Purchase of Fixed Assets (259.00) (197.45)
Sale of Fixed Assets 2.06 7.26
Purchase of Investments (including Share Application Money) (64.12) (584.62)
Sale of Investments - 30.34
Interest Received 7.02 26.98
Dividend Received 19.98 32.78
Long Term Deposits Placed with Subsidiary (179.02) -
Long Term Deposits Placed with Others (27.74) -
Long Term Deposits Refunded by Other Companies 0.25 -
Loans Repaid by Subsidiaries 9.17 324.00
(Loans to) / Loans Repaid by Other Companies (net) (1.57) 5.83
Net Cash Used In Investing Activities
Cash Flow From Financing Activities
(492.97) (354.88)
Share Application money collected 19.97 -
Debenture Application money collected 3.88 -
Debenture issue costs (0.69) (0.74)
Interest Paid (101.08) (100.25)
Repayment of Long Term Loans and Debentures (352.75) (381.45)
Proceeds of Long Term Loans and Debentures 422.73 256.43
Short Term Loans Raised / (Repaid) (net) 117.57 82.03
Long Term Trade Deposits Raised/(Repaid) (net) 8.34 (21.22)
Dividend Paid (Including tax on dividend) (112.64) (95.10)
Net Cash Used In Financing Activities 5.33 (260.30)
Net Increase / (Decrease) In Cash and Cash Equivalents (13.28) (94.69)
Cash and Cash Equivalents - Opening - 1st April - (Refer Note 9 (b), Page 96) 56.38 115.24
Cash and Cash Equivalents acquired on Amalgamation - 35.83
Cash and Cash Equivalents - Closing - 31st March - (Refer Note 9 (b), Page 96) 43.10 56.38
As per our report attached. For and on behalf of the Board
For S. B. BILLIMORIA & CO. For N. M. RAIJI & CO. R. N. TATA Chairman
Chartered Accountants Chartered Accountants R. K. KRISHNA KUMAR Vice - Chairman
RAYMOND N. BICKSON Managing Director
Nalin M. Shah Vinay D. Balse
Partner Partner
ANIL P. GOEL Executive Director - Finance
ABHIJIT MUKERJI Executive Director - Hotel Operations
N.A.SOONAWALA
S. K. KANDHARI
K. B. DADISETH
JAGDISH CAPOOR
SHAPOOR MISTRY }
Directors
Mumbai, June 23 rd , 2008 SANKER PARAMESWARAN Vice President - Legal &
Company Secretary