president & cfo - UB Group

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Consolidated Financial StatementCash Flow Statement for the Year Ended March 31, 2009Rs. Million2009 2008A. CASH FLOW FROM OPERATING ACTIVITIESNet profit/(loss) before Exceptional and OtherNon- recurring items and Taxation (3,168.858) 5,492.036Adjustments for :Depreciation 925.839 741.412Unrealised Foreign Exchange Loss/(Gain) 3,174.218 (72.702)Bad Debts/Advances written off 19.289 187.060Loss/(Gain) on Fixed Assets Sold/Written Off (Net) (142.002) (97.325)Loss/(Gain) on Sale of Investments (Net) (24.500) 5.798Liabilities no longer required written back (136.619) (199.962)Provision for Doubtful Debts/Advances/Deposits 212.444 135.350Provision for diminution in value of Investments/(Written back) 0.031 0.051Provision for Onerous Lease/(written back) 403.578 (82.863)Provision - Others 1,057.645 77.550Interest and Finance Charges 7,377.259 5,880.823Income from investments (31.696) (94.097)Interest Income (201.616) 12,633.870 (433.260) 6,047.835Operating profit before working capital changes 9,465.012 11,539.871(Increase)/decrease in Trade and other receivables (3,991.660) (2,597.188)(Increase)/decrease in Inventories (2,608.017) (793.677)Increase/(decrease) in Trade payables 1,846.147 (4,753.530) (3,208.175) (6,599.040)Cash generated from operations 4,711.482 4,940.831Direct taxes paidFringe Benefit taxes paidCash flow before Exceptional and Other Non-Recurring Items(2,314.180) (2,222.266)(43.632) (45.320)2,353.670 2,673.245Prior Period, Exceptional and Other Non-Recurring items - -Cash flow after extraordinary itemsand net cash from operating activities 2,353.670 2,673.245B. CASH FLOW FROM INVESTING ACTIVITIESPurchase of fixed assets (951.509) (2,641.536)Payment towards Franchise rights (501.575) -Sale of fixed assets 189.223 168.906Finance Lease Payments (17.257) (15.159)Purchase of long term investments (9.683) (14.582)Purchase of current investments (50.000) (1,303.931)Consideration paid on acquisitions of shares in Subsidiaries - (36,574.961)[net of cash and cash equivalent on the acquisition dateRs. NIL (2008: Rs.112.446 Million)]Disposal of Investment in Associate 10.700 -Sale of long term investments 1,068.924 1.539Sale of current investments 881.551 1,249.216Interest received 214.423 419.443Dividend received 29.993 82.958Net cash used in investing activities 864.790 (38,628.107)78
Consolidated Financial StatementsCash Flow Statement for the Year Ended March 31, 2009 (Contd.)Rs. Million2009 2008C. CASH FLOW FROM FINANCING ACTIVITIESShare Application Money in a Subsidiary Company 50.000 -Expenses incurred on arrangement of borrowings - (788.716)Proceeds/(Repayment) of long term loansProceeds 2,170.756 40,742.225Repayment (4,465.117) (505.269)Proceeds/(Repayment) of fixed deposits 95.169 (117.669)Proceeds/(Repayment) of short term loans 2,814.552 (1,700.328)Working Capital Loan / Cash Credit from Banks (net) 2,415.467 2,340.240Interest and Finance charges Paid[including on Finance lease Rs. 2.981 Million(7,104.189) (4,124.167)(2008: Rs. 3.003 Million)]Dividends paid (142.913) (175.510)Corporate Tax on distributed profit - (56.119)Net cash used in financing activities (4,166.275) 35,614.687Net increase in cash and cash equivalents (947.815) (340.175)Cash and cash equivalents as at March 31, 2008 5,437.838 5,778.013Cash and cash equivalents as at March 31, 2009 4,490.023 5,437.838(947.815) (340.175)Notes:1. The above Cash Flow Statement has been compiled from and is based on the Balance Sheet as at March 31, 2009 and therelated Profit and Loss Account for the year ended on that date.2. The above cash flow statement has been prepared under the indirect method as set out in the Accounting Standard - 3 onCash Flow Statements as notified under Section 211(3C) of the Companies Act, 1956 and reallocation required for this purposeare as made by the Company.3. Previous year’s figures have been regrouped wherever necessary in order to conform to this year’s presentation.This is the Consolidated Cash Flow Statementreferred to in our report of even date.J. MAJUMDAR M. R. DORAISWAMY IYENGAR V. K. REKHIPartner Director Managing DirectorFor and on behalf ofPrice Waterhouse V. S. VENKATARAMAN P. A. MURALIChartered Accountants Company Secretary Chief Financial OfficerBangaloreBangaloreJuly 29, 2009 July 29, 200979
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CONTENTSDr. Vijay MallyaChairmanRep
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Report of the DirectorsYour Directo
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Corporate Governance Report1. COMPA
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president & cfo - UB Group

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