Annual Report - Brandhouse Retails

BRANDHOUSE
R E T A I L S
8 TH ANNUAL REPORT 2011-12 Consolidated Financial Statements
CASH FLOw STATEMENT FOR THE YEAR ENdEd 31ST MARCH, 2012
Particulars Current Year As at
(` in Lacs)
31st Previous Year As at
March 2012 31st March 2011
A. CASH FLOw FROM OPERATiNg ACTiViTiES
Net Profit Before Tax
Adjustments for:
(1,247.77) 885.06
a) Depreciation/Amortisation 1,083.99 1,033.56
b) Preliminary Expenses Paid/W.off 1.21 0.40
c) Loss on sale of fixed assets 108.64 0.04
d) Interest Expenditure 3,150.53 2,926.07
e) Exchange Rate Fluctuation 72.81 27.62
f) Interest Income (2.51) (2.73)
Operating Profit before working Capital Changes
Movement in Working Capital
3,166.90 4,870.02
a) Trade & other Receivables (2,138.08) 4,948.84
b) Inventories 1,090.53 (2,643.03)
c) Trade & other Payables (257.61) (2,208.78)
Cash generated from / (Used in)Operating Activities 1,861.74 4,967.05
a) Direct Taxes (2,064.00)
Net Cash Flow from / (Used in)Operating Activities Total (A) 1,861.74 2,903.05
B. CASH FLOw ARiSiNg FROM iNVESTiNg ACTiViTiES
a) Acquisition of Fixed Assets (Including Capital Work-in-Progress) (723.65) (622.46)
b) Issue of Shares of Subsidiary Company 970.50 768.42
c) Share Application Money received 359.69
d) Interest income 2.51 2.73
Net Cash Flow from / (Used in) investing Activities Total (B) 609.05 148.69
C. CASH FLOw ARiSiNg FROM FiNANCiNg ACTiViTY
a) Proceeds / (Repayment) from Long Term and Short Term
Borrowings
710.50 (83.72)
b) Interest Paid (3,150.53) (2,926.07)
Net Cash Flow from / (Used in) Financing Activities Total (C)
NET iNCREASE/(dECREASE) iN CASH ANd CASH
(2,440.03) (3,009.79)
EqUiVALENTS Total (A+B+C) 30.76 41.95
Cash & Cash Equivalent at the begining of the year 96.31 54.36
Cash & Cash Equivalent at the end of the year 127.07 96.31
NET CHANgE iN CASH ANd CASH EqUiVALENTS
NOTES:
30.76 41.95
1 The above Cash Flow Statement has been prepared under the “Indirect Method” as set out in the Accounting Standard-3
(AS-3) “Cash Flow Statement”.
2 Cash and Cash Equivalents include Cash in hand and Bank balances in Current Accounts. (Refer Note-17).
3 Figures in brackets represent outflows
4 Previous year figures have been recast/restated wherever necessary.
As per our report of even date
For Malpani & Associates For Haribhakti & Co For and on behalf of the Board
Chartered Accountants Chartered Accountants
FRN 120438W
FRN 103523W
Shyam Malpani
Proprietor
M.No: 34171
Place : Mumbai
Date : 30 th May 2012
Rakesh Rathi
Partner
M.No: 45228
Place : Mumbai
Date : 30 th May 2012
66
Nitin S. Kasliwal Chairman & Managing Director
D. D. Avari Director
Pulak Banerjee Sr. VP Legal & Company Secretary
Place : Mumbai
Date : 30th May 2012