Atul Ltd 2016-17

159 Consolidated Statement of Cash Flows for the year ended March 31, 2017 ( ` cr) Particulars Note 2016-17 2015-16 A Cash flow from operating activities Profit before tax 446.06 404.49 Adjustments for: Add: Depreciation and amortisation expenses 2, 4 95.44 66.07 Finance costs 27 25.17 27.53 Loss on disposal of property, plant and equipment 28 0.20 1.62 Unrealised exchange rate difference (net) 4.64 3.75 Effect of exchange rates on translation of operating cashflows 5.78 9.12 Share of profit on joint venture company 4.65 4.46 Allowance for doubtful debts 28 – 1.24 135.88 113.79 581.94 518.28 Less: Dividend received 23 7.25 4.79 Interest income from financial assets measured at amortised cost 0.04 0.01 Remeasurement to fair value of existing equity interest acquired in business combination 23 30.98 – Changes in fair value of biological assets 23 1.78 1.25 Gain on disposal of equity investment measured at cost 23 – 0.01 Gain on disposal of property, plant and equipment 23 3.71 1.27 43.76 7.33 Operating profit before change in operating assets and liabilities 538.18 510.95 Adjustments for: (Increase) | Decrease in inventories 9 (2.28) (16.27) (Increase) | Decrease in trade receivables (82.20) (7.21) (Increase) | Decrease in other financial assets 5.14 5.63 (Increase) | Decrease in other assets 20.00 (22.53) Increase | (Decrease) in trade payables 21.38 34.12 Increase | (Decrease) in other financial liabilities (0.32) 10.85 Increase | (Decrease) in other current liabilities (19.77) (4.41) Increase | (Decrease) in current provisions 3.56 (1.79) Increase | (Decrease) in non-current provisions 2.85 1.40 (51.64) (0.21) Cash generated from operations 486.54 510.74 Less: Income tax paid (net of refund) 84.81 109.77 Net cash flows from operating activities A 401.73 400.97