Consolidated Balance Sheet/Profit & Loss Account/Cash Flow ...

Consolidated Cash Flow Statement63C. CASH FLOW FROM FINANCING ACTIVITIES :2010 2009` Lakhs ` LakhsRepayment of borrowings (99.50) (104.29)Interest paid (111.38) (93.78)Dividend/dividend tax paid (7740.63) (8984.89)Net Cash used in financing activities (7951.51) (9182.96)NET INCREASE IN CASH AND CASH EQUIVALENTS (A+B+C) 393.59 791.06CASH AND CASH EQUIVALENTS AS AT BEGINNING OF THE YEAR 1713.01 921.95CASH AND CASH EQUIVALENTS AS AT THE END OF THE YEAR (See note 3) (Refer Schedule 8) 2106.60 1713.01Notes:1. The Cash flow has been prepared under the “Indirect Method” as set out in Accounting Standard-3 on Cash flow statement notified by theCompanies (Accounting Standards) Rules, 2006.2. Direct taxes paid are treated as arising from operating activities and are not bifurcated between investing and financing activities.3. Cash and cash equivalents at the end of the year include current account balances with banks of ` 253.20 lakhs (Previous Year : ` 221.71 lakhs)which are restricted in use on account of unclaimed dividend/fixed deposit/interest on fixed deposit.4. Figures for the previous year have been regrouped wherever necessary to conform to the current year’s classification.In terms of our report attachedFor and on behalf of the Board,For Deloitte Haskins & Sells R. A. Shah ChairmanChartered AccountantsP. Palm Vice-Chairman & Managing DirectorA.C. KhannaB. S. MehtaPartnerH. Meier} DirectorsB. L. Gaggar Director Finance & Company SecretaryMumbai, 24th February, 2011 Mumbai, 24th February, 2011