board of directors - Sahara One Media And Entertainment Limited

CASH FLoW StAteMent
FoR tHe YeAR enDeD MARCH 31, 2009
2008-2009 2007-2008
Rupees Rupees Rupees Rupees
a. CaSh FLoW FRom oPeRatinG aCtiVitieS :
oPeRatinG PRoFit FoR the YeaR BeFoRe taXation
adjustment for :
42,139,796 33,281,288
Depreciation 3,356,596 13,291,188
Provision for diminution in value of investments 16,312,500 –
Foreign exchange (gain) / loss 1,872,805 165,112
exchange differences on Cash and Cash equivalents held in foreign currency (14,784) 8,174
interest income (75,588,729) (12,219,230)
Dividend income (1,284,187) (1,229,522)
amortisation of preliminary expenses 143,021 143,024
Loss on disposal of Fixed assets 994,838 –
advances written off 1,378,128 –
Provision for doubtful advances 53,182,863 –
Provision for doubtful debts 347,110 4,000,000
Credit balances written back (8,463,835) (105,254)
interest expenses 51,206,292 43,442,618 12,190,097 16,243,589
85,582,414 49,524,877
oPeRatinG PRoFit BeFoRe WoRKinG CaPitaL ChanGeS
movements in Working Capital:
Decreasing in inventories 2,960,749 73,428,175
Decreasing Sundry Debtors 498,835,633 395,836,624
(increase)/Decrease in loans and advances (1,770,946,887) 58,419,451
increase in Current Liabilities 316,894,186 27,025,237
increase in provisions 1,033,253 (951,223,066) 879,562 555,589,049
CaSh (uSeD FoR) / GeneRateD FRom oPeRationS (865,640,652) 605,113,926
Direct taxes paid (130,015,039) (36,340,570)
net CaSh FRom/ (uSeD in) oPeRatinG aCtiVitieS (995,655,691) 568,773,356
B. CaSh FLoW FRom inVeStinG aCtiVitieS
Purchase of investments (1,284,188) (4,812,322)
Sale of investments – 5,000,000
Purchase of Fixed assets (6,016,367) (1,772,915)
Sale of Fixed assets 13,263,795 –
Deposits (with maturity more than 3 months) 420,000,000 (75,400,000)
Proceeds of Deposits mature (with maturity more than 3 months) 305,400,000 –
interest Received 71,807,035 9,606,471
interest Received (Prior Period) – 11,447,386
Dividend Received 1,284,187 3,729,522
net CaSh FRom inVeStinG aCtiVitieS (35,545,538) (52,201,858)
C. CaSh FLoW FRom FinanCinG aCtiVitieS
unsecured loan 300,000,000 –
term loan – 190,000,000
interest Paid (53,526,190) (7,872,716)
Repayment of term loan (12,500,000) –
net CaSh FRom FinanCinG aCtiVitieS
Less: effect of exchange differences on Cash and Cash equivalent held in
233,973,810 182,127,284
Foreign Currency 14,784 (8,174)
net (DeCReaSe)/inCReaSe in CaSh anD CaSh equiVaLentS (797,212,635) 698,690,608
CaSh anD CaSh equiVaLentS at the BeGinninG oF the YeaR 895,804,422 197,113,814
CaSh anD CaSh equiVaLentS aS at the enD oF the YeaR 98,591,787 895,804,422
Components of Cash and Cash equivalents as at
Cash and Cheques on hand 308,156 471,220
With banks -
on current account 59,543,290 88,694,799
on deposit account 228,740,341 288,283,631 882,038,403 970,733,202
Cash and Bank balances as per Schedule 10 288,591,787 971,204,422
Less: Fixed Deposits not considered as Cash equivalents (190,000,000) (75,400,000)
Cash and cash equivalents in Cash Flow Statement 98,591,787 895,804,422
notes :
1 The above cash flow statement has been prepared under the ‘Indirect Method’ as set out in the Accounting Standard - 3 on “Cash Flow Statements” issued by
the institute of Chartered accountants of india.
2 Previous years’ figures have been regrouped/ rearranged to confirm with current years’ classification.
on behalf of the Board of Directors
For S.R. Batliboi & Associates
Chartered accountants
per Govind Ahuja
Partner
membership no.48966
Mumbai: June 30, 2009
sahara one media and entertainment limited AnnuAL RepoRt 2008-2009
O. P. Srivastava J.B. Roy R. S. Dubey
Director Director Group head (Finance)
Sanjay Garg D. N. Mishra
Chief Financial Officer Company Secretary
C A S H F L O W S TAT E M E N T
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