CAsH FlOw sTATEMENT - Clariant

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CAsH FlOw sTATEMENT - Clariant

Cash Flow Statementfor the year ended 31st December, 20122012` Lakhs2011` LakhsA. CASH FLOW FROM OPERATING ACTIVITIES :Profit before tax 14231.47 39540.91Adjustments for :Depreciation and amortisation expense 2160.35 1812.43Unrealised foreign exchange (gain)/loss (Net) 40.20 (22.87)Interest income (131.17) (383.80)Dividend income (1360.28) (1499.04)Profit on sale of assets (Net) (953.20) (24071.11)Profit on sale of investment in a subsidiary (Long term) − (183.30)Profit on sale of other investments (Net) (357.24) (58.45)Provision for doubtful debts/advances (Net) (92.69) (32.34)Finance costs 141.52 123.35Assets written-off 165.03 36.67Operating profit before working capital changes 13843.99 15262.45Adjustments for :Trade and other receivables (1917.59) (594.86)Inventories (4673.08) (2486.81)Trade, other payables and provisions 4400.11 (2553.93)Cash generated from operations 11653.43 9626.85Direct taxes paid-(Net of refunds) (3995.75) (8246.84)Net cash from operating activities 7657.68 1380.01B. CASH FLOW FROM INVESTING ACTIVITIES :Purchase of fixed assets (2653.00) (4843.39)Sale of fixed assets 1022.05 24451.99Purchase of investments (143510.51) (188325.25)Sale of investment in subsidiary (Long term) − 508.30Sale of investments 147053.78 180591.35Loans to subsidiary − (32.00)Loans repaid by subsidiary − 732.00Interest received 128.15 383.80Dividend received 1360.28 1499.04Net Cash from investing activities 3400.75 14965.8436


2012` Lakhs2011` LakhsC. CASH FLOW FROM FINANCING ACTIVITIES :Repayment of long term borrowings (20.19) (85.09)Finance costs (148.45) (119.45)Dividend/dividend tax paid (12306.95) (15388.24)Net Cash used in financing activities (12475.59) (15592.78)NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (A+B+C) (1417.16) 753.07CASH AND CASH EQUIVALENTS AS AT BEGINNING OF THE YEAR 2844.55 2091.48CASH AND CASH EQUIVALENTS AS AT THE END OF THE YEAR (See Note 16 and Note (c) below) 1427.39 2844.55Notes :(a) The Cash flow has been prepared under the "Indirect Method" as set out in Accounting Standard-3 on Cash flow statement notified by the Companies(Accounting Standards) Rules, 2006.(b) Direct taxes paid are treated as arising from operating activities and are not bifurcated between investing and financing activities.(c) Cash and cash equivalents at the end of the year include current account balances with banks of ` 445.17 Lakhs (Previous Year : ` 357.82 Lakhs) whichare restricted in use on account of unclaimed dividend.(d) Figures for the previous year have been regrouped wherever necessary to conform to the current year's classification.In terms of our report attachedFor Deloitte Haskins & SellsFor and on behalf of the Board,Chartered Accountants R. A. Shah ChairmanP. Palm Vice-Chairman & Managing DirectorUday Neogi D. Parikh Executive DirectorPartner Diwan A. Nanda DirectorB. L. Gaggar Director Finance & Company SecretaryMumbai, 28th February, 2013 Mumbai, 28th February, 2013CLARIANT CHEMICALS (INDIA) LIMITED ANNUAL REPORT 201237

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