in a Dynamic Environment - Domain-b

Rs.137.03 crore as at March 31, 2008 to Rs.1,351.83 croreas at March 31, 2009.Loans and advancesLoans and advances as at March 31, 2009 wereRs.3,283.79 crore (Rs.2,033.03 crore as at March 31, 2008).The increase is primarily attributable to: higher loans and advances of Rs.1,658.33 crore asat March 31, 2009 (Rs.1,176.42 crore as at March31, 2008) higher net advance tax (including refunds receivable)Rs.700.03 crore as at March 31, 2009 (Rs.269.16crore as at March 31, 2008) higher MAT credit Rs.775.32 crore as atMarch 31, 2009 (Rs.351.58 crore as at March 31,2008) lower loans and advances to employeesRs.150.11 crore as at March 31, 2009 (Rs.235.87crore as at March 31, 2008).Current liabilitiesCurrent liabilities increased to Rs.4,253.58 crore as atMarch 31, 2009 as compared to Rs.3,190.57 crore as atMarch 31, 2008. The increase is primarily due to: increase in the fair values of foreign exchangeforward and currency option contractsRs.691.27 crore as at March 31, 2009 (Rs.191.08crore as at March 31, 2008) increase in sundry creditors Rs.2,114.37 crore as atMarch 31, 2009 (Rs.1,887.94 crore as at March 31,2008) increase in advances from customersRs.184.62 crore as at March 31, 2009 (Rs.74.64 croreas at March 31, 2008) increase in other items of liabilities mainly onaccount of subcontracting expenses, selling andadministrative expenses and employee incentives,which are in line with the increase in business,infrastructure and employee base.ProvisionsProvisions made towards taxes, employee retirementbenefits, contingencies, proposed dividend, tax ondividend and warranties aggregated Rs.1,726.57 crore asat March 31, 2009 as against Rs.1,286.61 crore as atMarch 31, 2008.The increase is mainly attributable to: the increase in the provision for income taxesRs.591.80 crore as at March 31, 2009 (Rs.311.28crore as at March 31, 2008)higher provision for employee benefits Rs.540.95crore as at March 31, 2009 (Rs.387.51 crore as atMarch 31, 2008).3. CASH FLOW - TCS LIMITED (CONSOLIDATED)Cash flow summaryAmount in Rs. croreParticulars Fiscal Fiscal Increase/2009 2008 (decrease)1,067.475,353.83(3,432.91)(1,655.51)265.4189.79Cash and cash equivalentsat end of the year 1,422.67 1,067.47 355.20Cash flow from operationsAmount in Rs. croreParticulars Fiscal Fiscal Increase/2009 2008 (decrease)6,150.07564.08(280.90)6,433.25132.506,565.75(1,211.92)Net cash provided byoperations 5,353.83 3,894.88 1,458.95In fiscal 2009 the Company generated net cash ofRs.5,353.83 crore (Rs.3,894.88 crore in fiscal 2008) fromoperating activities. Apart from profit before taxes of81