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Consolidated Cash Flow Statement
for the year ended March 31, 2011 (contd)
(
`
crores)
Particulars
2010-11
2009-10
(C) CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from issue of share capital
1.58
Proceeds from long-term borrowings
(55.92)
(69.42)
Add: Exchange rate difference
0.94
6.73
Proceeds from long-term borrowings (adjusted)
(54.98)
(62.69)
Proceeds | (repayments) of working capital loans (net)
92.82
(7.58)
Proceeds | (repayments) of unsecured borrowings (net)
(3.75)
2.56
Total proceeds from borrowings
34.09
(67.71)
Interest paid
(25.42)
(25.77)
Dividend on Equity Shares (including corporate dividend
tax)
(13.79)
(10.33)
Net cash used in financing activities
C
(5.12)
(102.23)
Net change in cash and cash equivalents A+B+C
(9.47)
3.78
Cash and cash equivalents (opening balance)
32.64
28.86
Cash and cash equivalents (closing balance)
23.37
33.20
(9.27)
4.34
Notes to the Cash Flow Statement for the year ended March 31, 2011 :
1 Cash and cash equivalents include:
Cash and bank balances
23.17
32.64
Unrealised (gain)
|
loss on foreign currency cash and
cash equivalents
0.20
0.56
Total cash and cash equivalents
23.37
33.20
2 The Cash Flow Statement has been prepared under the ‘Indirect Method’ set out in AS-3 ‘Cash Flow Statement’
referred to in The Companies Accounting Standard Rules, 2006.
3 Cash and cash equivalents represent cash and bank balances only.
4 Cash and cash equivalents include
`
2.81 crores (Previous year
`
2.60 crores) which are not available for use
by the Company.
5 Figures of the previous year have been regrouped wherever necessary.
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 13, 2011
Company Secretary
Directors
May 13, 2011
100 | 101