Annual Report FY 2010-11 - Pipavav Shipyard

Pipavav Defence and Offshore
Engineering Company Limited
Cash Flow Statement for the Year ended March 31, 2011
Particulars 2010-2011
Rs in Lacs
2009 - 2010
A. CASH FLOW FROM OPERATING ACTIVITIES
Net Profit / (Loss) before Tax and Extraordinary items
Adjustments for :-
4,816.49 (4,866.22)
Depreciation and amortization 4,873.26 3,654.73
Interest Income (3,676.33) (3,779.78)
Dividend Income (337.88) (8.31)
Profit on Sale of Current Investment (326.71) (392.80)
Loss on Sale of Asset 4.13 4.78
Interest Expense 11,900.64 7,299.92
Provision for Wealth Tax 2.45 2.50
Provision for estimated cost over contract revenue (2,931.79) 3,293.38
Cost Estimated for Revenue Recognised (3,028.47) 11,400.78
Liability No Longer Required (Written Back) (413.72) -
Foreign Exchange Difference (572.68) (504.80)
Operating profit before working capital changes
Adjusted for
10,309.39 16,104.18
Inventories (11,232.47) 18,526.97
Trade and other receivables (46,864.44) (41,409.09)
Trade Payables (2,400.19) (44,955.17)
Cash Generated from Operations (50,187.71) (51,733.11)
Net Prior Period Adjustments 12.45 (20.70)
Direct Taxes Paid / Refund 166.90 (579.75)
Net Cash Flow from Operating Activities (50,008.36) (52,333.56)
B. CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed Assets and Capital Work in Progress (33,082.91) (6,050.47)
Sale of Fixed Assets 1.27 1.09
Advance to Subsidiary 79.17 1,857.05
Purchase of Investment (273,115.35) (176,239.53)
Sale of Investment 271,927.87 180,611.71
Dividend Income Received 331.23 8.31
Interest Received 4,411.37 3,673.26
Fixed Deposits held for more than three month Placed (25,473.77) (50,938.22)
Fixed Deposits held for more than three month Matured 44,805.31 61,643.72
Net Cash Flow from Investing Activities (10,115.81) 14,566.92
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