Good Health Can’t Wait.
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<strong>Good</strong> <strong>Health</strong> <strong>Can’t</strong> <strong>Wait</strong>.<br />
Dr. Reddy’s Laboratories Limited<br />
CASH FLOW STATEMENT<br />
(All amounts in Indian Rupees millions, except share data and where otherwise stated)<br />
PARTICULARS<br />
FOR THE YEAR ENDED<br />
31 MARCH 2015<br />
FOR THE YEAR ENDED<br />
31 MARCH 2014<br />
CASH FLOWS FROM / (USED IN) OPERATING ACTIVITIES<br />
Profit before taxation 20,599 24,544<br />
Adjustments:<br />
Depreciation and amortisation expense 4,902 3,805<br />
Provision for wealth tax 2 2<br />
Dividend from mutual fund units (26) -<br />
Stock compensation expense, net 519 472<br />
Foreign exchange (gain) / loss, net (2,348) 4,151<br />
Profit on sale of current investments, net (699) (213)<br />
Impairment / loss on de-recognition of intangible assets 208 86<br />
Provision for decline in the value of non current investments - 245<br />
Dividend from subsidiary (79) (12)<br />
Loss on sale of non current investments - 166<br />
Interest income (941) (1,022)<br />
Finance costs 638 783<br />
(Profit) / Loss on sale of fixed assets, net 120 (28)<br />
Allowance for sales returns 660 782<br />
Provision for inventory obsolescence 2,708 1,318<br />
Provision for doubtful debts, net 98 29<br />
Provision / (reversal of provision) for doubtful advances, net 198 (382)<br />
Operating cash flows before working capital changes 26,559 34,726<br />
Changes in operating assets and liabilities<br />
Trade receivables (472) (18,274)<br />
Inventories (4,020) (1,974)<br />
Trade payables (1,272) 746<br />
Other assets and liabilities, net 1,858 (739)<br />
Cash generated from operations 22,653 14,485<br />
Income taxes paid, net (4,792) (5,430)<br />
Net cash from operating activities 17,861 9,055<br />
CASH FLOWS FROM / (USED IN) INVESTING ACTIVITIES<br />
Purchase of tangible and intangible assets (9,625) (8,718)<br />
Proceeds from sale of fixed assets 84 273<br />
(Increase) / decrease in deposit accounts (having original maturity of more than 3<br />
months) and other bank balances<br />
(2,919) 2,941<br />
Purchase of investments (35,946) (35,810)<br />
Proceeds from sale of investments 26,096 31,069<br />
Dividend from mutual fund units 26 -<br />
Dividend from subsidiary 79 12<br />
Loans and advances repaid by subsidiaries 1,308 539<br />
Interest received 732 886<br />
Net cash used in investing activities (20,165) (8,808)<br />
116
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