Annual Report 2007-08 - Kingfisher Airlines

Cash Flow Statement for nine months ended March 31, 2008For the nine monthsended March, 31 2008(Rs)For year endedJune, 30 2007(Rs)A. Cash flows from operating activitiesLoss before tax expense (6,825,898,049) (4,161,772,866)Adjusted for:Depreciation 182,807,412 176,688,023Provision for wealth tax 175,375 64,000Employee stock compensation cost 11,420,490 40,728,801Amortisation 183,131,655 262,482,038Interest expense 284,046,473 341,259,615Preliminary expenses written off - 2,152Profit on transfer of aircraft/engine purchase rights (249,791,344) (2,884,623,064)Profit from slump sale of Charter business undertaking (244,598,527)(Profit) / Loss on sale of assets 90,281 (4,479,468)Interest income (189,755,634) (172,455,086)Provision for Doubtful debts 7,464,935 9,105,010Operating loss before working capital changes (6,840,906,933) (6,393,000,845)Movement in working capital:Decrease/(increase) in sundry debtors 88,281,796 (230,890,373)Decrease/(increase) in inventories 129,790,827 (43,582,027)Decrease/(increase) in loans and advances (713,985,398) 314,349,993Decrease/(increase) in other current assets (42,428,136) (8,260,399)(Decrease)/increase in current liabilities & provisions 2,063,565,615 893,928,852Cash (used in)/generated from operations (5,315,682,229) (5,467,454,799)Direct tax paid including fringe benefit tax (net of refunds) (99,529,652) (58,363,817)Net cash (used in)/generated from operating activities (5,415,211,881) (5,525,818,616)B. Cash flows from investing activitiesPurchase of fixed assets and changes in capital work in progress (278,947,800) (1,829,765,711)Proceeds from sale/disposal of fixed assets 40,000 84,231,967Proceeds from transfer of aircrafts/engine purchase rights 249,791,344 2,884,623,064Interest received 167,320,039 53,475,650Deferred revenue expenses - 2,251,723Net cash used in investing activities 138,203,583 1,194,816,69358