Atul Ltd 2008-09

Consolidated Cash Flow Statement of Atul Ltd and its Subsidiary Companies (Contd.) For the year ended March 31, 2009 | Annual Report 2008-09 (Rs in lacs) (C) CASH FLOW FROM FINANCING ACTIVITIES: Proceeds from long term borrowings 3,653.27 3,594.04 Add: Exchange rate difference (2,590.00) 1,038.00 Proceeds from long term borrowings (adjusted) 1,063.27 4,632.04 Proceeds | (repayments) of working capital loans (net) (7,593.95) 1,304.96 Proceeds | (repayments) of unsecured borrowings (net) (2,115.34) 1,039.95 Total proceeds from borrowings (8,646.02) 6,976.95 Interest paid (3,939.10) (3,244.48) Dividend paid (880.81) (877.80) Corporate dividend tax paid (151.23) (151.23) (1,032.04) (1,029.03) Net cash used in financing activities (13,617.16) 2,703.44 Net change in cash and cash equivalents (A+B+C) (229.78) (1,484.10) Cash and cash equivalents (opening balance) 3,116.27 4,600.37 Cash and cash equivalents (closing balance) 2,857.84 3,108.89 (258.43) (1,491.48) Notes to the Cash Flow Statement for the year ended March 31, 2009 1 Cash and cash equivalents include : Cash and bank balances 2,886.49 3,116.27 Unrealised (gain) | loss on foreign currency cash and cash equivalents (28.65) (7.38) Total cash and cash equivalents 2,857.84 3,108.89 2 Cash and cash equivalents include balances with Scheduled Banks on dividend accounts - Rs63.81 lacs (previous year Rs54.69 lacs), Rs Nil in margin money (previous year Rs47.41 lacs) and Rs103.72 lacs (previous year Rs103.68 lacs) as SLR on FD issued, which are not available for use by the Company. 3 The Cash Flow Statement has been prepared in accordance with the requirements of AS - 3 " Cash Flow Statement" issued by the Institute of Chartered Accountants of India. 4 Previous year's figures have been regrouped wherever necessary to conform to this year's classification. Description 2008-09 2007-08 As per our attached report of even date For and on behalf of the Board of Directors For & on behalf of Dalal & Shah G S Patel Sunil S Lalbhai Chartered Accountants B S Mehta Chairman and Managing Director H S Shah Ashish S Dalal T R Gopi Kannan S M Datta Partner President, Finance and B N Mohanan Samveg A Lalbhai Membership No 033596 Company Secretary Directors Managing Director Mumbai Mumbai June 05, 2009 May 29, 2009 91