Atul Ltd 2011-12

103 Consolidated Cash Flow Statement for the year ended March 31, 2012 (contd) As per our attached report of even date For and on behalf of the Board of Directors For Dalal & Shah Firm Registration No. 102020W Sunil S Lalbhai Chartered Accountants Chairman & Managing Director G S Patel S S Baijal B S Mehta H S Shah S Venkatesh S M Datta Partner R A Shah Samveg A Lalbhai Membership No. F-037942 T R Gopi Kannan V S Rangan Managing Director Mumbai President, Finance & B N Mohanan Mumbai May 15, 2012 Company Secretary Directors May 15, 2012 ( ` cr) Particulars 2011-12 2010-11 (B) CASH FLOW FROM INVESTING ACTIVITIES Purchase of tangible assets (130.64) (50.62) Purchase of intangible assets (2.87) 0.01 Capital advances 0.03 (1.43) Acquisition of minority interest 0.24 (0.04) Investments in associate companies 5.15 (21.18) Investments in other companies (0.74) - Exchange difference on consolidation 16.47 0.46 Long-term bank deposits 0.87 (1.17) Short-term bank deposits 4.34 2.96 Sale of fixed assets 6.42 2.74 Interest received 1.24 1.18 Dividend received 1.59 5.42 Net cash used in investing activities B (97.90) (61.67) (C) CASH FLOW FROM FINANCING ACTIVITIES Proceeds from long-term borrowings 29.97 (61.67) Add: Exchange rate difference (6.08) 0.94 Proceeds from long-term borrowings (adjusted) 23.89 (60.73) Proceeds from short-term borrowings 39.40 94.82 Total proceeds from borrowings 63.29 34.09 Acquisition of subsidiary company 6.63 - Payment of Unclaimed dividend (0.08) - Interest paid (37.26) (25.42) Dividend on Equity Shares (including dividend distribution tax) (16.42) (13.79) Net cash used in financing activities C 16.16 (5.12) Net change in cash and cash equivalents A+B+C 6.87 (8.18) Opening balance - cash and cash equivalents 15.50 23.68 Closing balance - cash and cash equivalents 22.37 15.50 6.87 (8.18) Notes to the Cash Flow Statement for the year ended March 31, 2012: The Cash Flow Statement has been prepared under the ‘Indirect Method’ set out in Accounting Standard-3 ‘Cash Flow Statement’ referred to in the Companies Accounting Standard Rules, 2006.