2009-10 Annual Report - SPML

SPML INFRA LIMITED (formerly Subhash Projects and Marketing Limited)ANNUAL REPORT 2009-10CASH FLOW STATEMENT FOR THE YEAR ENDED 31st MARCH, 20102009-10Rs in “000”2008-09Rs in “000”A. Cash flow from operating activitiesNet profit before taxation 552,867 663,798Adjustments for:Depreciation/Amortisation 110,978 86,063Loss on sale of fixed assets 3,010 667Interest Expenses 762,645 948,640Interest Income (67,396) (152,146)Bad Debts/Sundry balances Written off 16,036 9,840Provision for Doubtful Debts – 24,503Sundry balances Written back (2,102) (46,891)Dividend income (574) –Diminution in Value of investments – 17822,597 870,693Operating profit before working capital changes 1,375,464 1,534,491Movements in working capital :Decrease / (Increase) in sundry debtors 874,834 (587,712)Decrease / (Increase) in inventories 379,343 924,510Decrease / (Increase) loans and advances (429,940) (1,819,273)Increase / (Decrease) in current liabilities (1,104,348) (223,491)Increase / (Decrease) in provisions 3,310 (5,834)(276,801) (1,711,800)Cash generated from / (used in) operations 1,098,663 (177,309)Direct taxes paid (net of refunds) (272,609) (204,328)Fringe Benefit Tax Paid (5,106) (4,064)Net cash from / (used in) operating activities 820,948 (385,701)B. Cash flows from investing activitiesPurchase of fixed assets (216,722) (423,064)Proceeds from sale of fixed assets 33,679 13,591Purchase of investments (Net)Subsidiaries (247,302) (60,523)Others (118,630) (25,579)Loans received ( given) /Advance toward Share Application Money 497,502 (203,557)Interest received 57,086 155,294Dividends received 574 –Investment in Bank Fixed Deposit (51,738) (5,148)Net cash from / (used in) investing activities (45,551) (548,986)65