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Atul Ltd | Annual Report 2010-11

Cash Flow Statement

for the year ended March 31, 2011

(

crores)

Particulars

2010-11

2009-10

(A) CASH FLOW FROM OPERATING ACTIVITIES

Profit before tax and extraordinary items

139.28

79.75

Adjustments for

Add:

Depreciation

38.54

37.30

Interest and finance charges

25.46

25.69

Loss on assets sold or discarded

1.96

0.42

Exchange rate difference

2.00

(6.73)

Bad debts and irrecoverable balances written off

1.47

1.63

Provision for doubtful debts

0.41

–

Provision for diminution in value of investments

–

0.11

Obsolete material written off

0.61

1.87

70.45

60.29

209.73

140.04

Less:

Dividend received

5.42

4.97

Interest received

0.37

0.38

Impairment written back

0.89

–

Provisions no longer required

6.24

1.53

Gain on settlement of long-term export advance

8.20

–

Surplus on sale of fixed assets

0.03

0.04

21.15

6.92

Operating profit before working capital changes

188.58

133.12

Adjustments for

Inventories

(50.70)

(16.48)

Trade and other receivables

(60.28)

(68.90)

Trade and other payables

28.54

79.97

(82.44)

(5.41)

Cash generated from operations

106.14

127.71

Less:

Direct taxes (refund) | paid

45.41

21.08

Net cash flow from operating activities

60.73

106.63

(B) CASH FLOW FROM INVESTING ACTIVITIES

Purchase of fixed assets

(44.43)

(18.21)

Capital advances

(2.47)

Investments in subsidiary

(6.83)

–

Investments in associate

(1.47)

–

Sale of fixed assets

2.72

0.31

Disbursements | (repayments) of loans

(7.47)

2.54

Interest received

0.04

0.20

Dividend received

5.42

4.97

Net cash used in investing activities

(54.49)

(12.66)