DIPPED PRODUCTS PLC / ANNUAL REPORT 2008—2009

Cash Flow Statements
For the year ended March 31 2009
Rs’000
Consolidated
2008
Rs’000
Company
2009
Rs’000
2008
Rs’000
A. Cash generated from operations
Profit before tax 616,437 615,969 298,694 203,995
Adjustments for
Interest cost 304,503 307,712 57,890 61,140
Share of (profit) / loss of associate 381 (37,491) - -
Depreciation on property, plant & equipment 384,000 363,089 29,958 26,208
(Gain)/loss on disposal of property, plant & equipment (3,768) (5,183) (31) (2,104)
Amortisation of grants (11,351) (8,162) - -
Provision for diminution in value of investments - - 50,000 100,000
Provision for bad & doubtful debts 19,196 16,310 43 -
Provision for retiring gratuity 129,427 180,728 25,503 27,111
Provision for agents’ indemnity fund 4,344 3,947 - -
Provision for slow-moving/obsolete inventories 23,327 22,272 5,170 5,543
Interest and dividend income (33,234) (27,407) (356,042) (314,370)
Differences of exchange on translation of foreign entities (6,115) 91,598 - -
1,427,061 1,523,382 111,185 107,523
(Increase)/decrease in trade and other receivables (169,708) (283,546) (13,558) (234,313)
(Increase)/decrease in inventories (48,784) (327,542) 59,092 (54,069)
Increase/(decrease) in trade and other payables (111,639) 228,641 (276,343) 451,249
(330,045) (382,447) (230,809) 162,867
1,097,016 1,140,935 (119,624) 270,390
B. Analysis of cash & cash equivalents at end of the year
Cash at bank and in hand 218,654 93,172 42,919 33,845
Short term deposits 89,600 20,000 - -
Short term loans and overdraft (2,405,206) (1,896,960) (473,189) (483,027)
(2,096,952) (1,783,788) (430,270) (449,182)
Effects of exchange rate changes - (3,672) - -
(2,096,952) (1,787,460) (430,270) (449,182)
The Accounting Policies on pages 45 to 53 and Notes on pages 54 to 69 form an integral part of these Financial Statements.
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