Annual Report 2011 - 2012 - United Breweries Limited

Cash Flow Statement for the year ended March 31, 2012(All amounts in Rs.lacs, unless otherwise stated)Year endedMarch 31, 2012 March 31, 2011ABCash flow from operating activitiesProfit before taxation 21,766 22,621Adjustments for:Depreciation and amortisation 14,866 13,051(Profit) / Loss on sale of assets (1) (2)Provision for doubtful debts 49 317Provision for doubtful advances 64 17Provision for dimunition in investments 1,959 —Bad debts written off 954 9Bad advances written off 980 —Provision for doubtful debts no longer required written back (1,290) (9)Provision for doubtful advances no longer required(998) —written backInterest expenses (Net) 9,872 7,601Interest income (3,300) (3,166)Exchange Loss / (Gains) on foreign currency loans 40 213Dividend income (19) 23,176 (42) 17,989Operating profits before working capital changes 44,942 40,610Adjustment for working capital changes:(Increase) / Decrease in Trade Receivables (17,187) 9,943(Increase) / Decrease in inventories (10,663) (9,378)Increase / (Decrease) in current liabilities and provisions 27,689 30,761(Increase) / Decrease in other current assets, loans andadvances (2,894) (3,055) (1,985) 29,341Cash generated from operations 41,887 69,951Direct taxes (Income Tax and Fringe Benefit Tax) paid(6,588) (5,168)(including TDS)Cash generated from operations before35,299 64,783non-recurring itemsNon-recurring items — —Net cash generated from operating activities 35,299 64,783Cash flow from investing activitiesPurchase of fixed assets (including acquisition onamalgamation)(38,141) (52,880)Sale of fixed assets 79 124(Purchase) / Sale of investments (3) 4,900Interest income 3,534 80Dividend income 19 42Net cash used in investing activities (34,512) (47,734)36