SRS Limited (RHP) - Karvy

SRS LimitedSUMMARY OF CONSOLIDATED CASH FLOW STATEMENT, AS RESTATED(Rs. in mn.)Particulars For the year ended March 31,2011 2010CASH FLOW FROM OPERATING ACTIVITIESNet Profit Before Tax and Extraordinary Items, as restated 569.58 425.15Adjustments for:Depreciation 120.19 82.11Amount w/off (net) 0.94 18.18Loss / (Profit) on Capital Assets 0.17 13.67Fixed Assets & CWIP written off 2.58 16.96Interest Expenses 245.28 167.13Interest Income (14.20) (1.65)Pre-acquision profits before interest and Tax of the Subsidiary - (0.02)Operating profits before working capital changes 924.54 721.53Adjustments for:Inventories 210.48 (970.25)Trade & Other Receivables (1,702.50) (708.38)Trade Payable & Other Liabilities 218.47 94.19Cash Generated from Operations (349.01) (862.91)Direct Tax paid (122.22) (92.94)Cash flow before Extraordinary Items (471.23) (955.85)Extraordinary items - -Net cash from Operating Activities (A) (471.23) (955.85)CASH FLOW FROM INVESTING ACTIVITIESPurchase of fixed assets (including CWIP & Capital Advance) (363.92) (158.23)Refund back of Capital Advances for Projects - 811.64Proceeds from Sale of Fixed Assets & CWIP 80.58 266.37Adjustment on acquisition of interest in Subsidiary - 0.05Capital Reserve on acquisition of interest in Subsidiary * - -Interest received 11.92 0.51Net cash used in investing Activities (B) (271.42) 920.34CASH FLOW FROM FINANCING ACTIVITIESProceeds from long term borrowings 13.84 150.89Repayments of Long Term Borrowings (266.29) (499.48)Net Proceeds from Short Term Borrowing 1,367.31 504.18Proceeds from Issue of Shares - 220.80Share Issue Expenses (10.71) (1.91)Interest Paid (240.63) (180.21)Net cash used in Financing Activities (C) 863.52 194.27Net Increase in cash and cash equivalents (A+B+C) 120.87 158.76Cash and Cash equivalents at beginning of the year 184.56 25.81Cash and Cash equivalents at end of the year 305.43 184.57Net Increase/(Decrease) in cash & cash Equivalent 120.87 158.76Notes: The above statement should be read with the Notes to the Consolidated Restated SummaryStatement of Assets and Liabilities, Profits and Losses and Cash Flows of the Company, asrestated appearing in Annexure IV, as included in the section titled “Financial Information” onpage 198 of this Red Herring Prospectus.6