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109
Consolidated Cash Flow Statement
for the year
ended March 31, 2014 (contd)
(
`
cr)
Particulars
2013-14
2012-13
(B) CASH FLOW FROM INVESTING ACTIVITIES
Purchase of tangible assets
(115.65)
(103.01)
Purchase of intangible assets
1.13
(3.03)
Capital advances
1.28
(0.36)
Proceed from central and state subsidy
2.57
2.29
Acquisition of minority interest
0.26
(0.07)
Investments in associate companies
(6.80)
(0.20)
Investments in other companies
8.94
0.13
Exchange difference on consolidation
(2.16)
(14.90)
Long-term bank deposits
0.03
0.24
Short-term bank deposits
2.12
(2.71)
Sale of fixed assets
0.70
2.18
Interest received
1.09
0.29
Dividend received
23.43
3.41
Net cash used in investing activities
B
(83.06)
(115.74)
(C) CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from long-term borrowings
(38.25)
4.33
Add: Exchange rate difference
–
(0.02)
Proceeds from long-term borrowings (adjusted)
(38.25)
4.31
Proceeds from short-term borrowings
31.31
(33.04)
Total proceeds from borrowings
(6.94)
(28.73)
Acquisition of subsidiary Company
0.57
0.07
Payment of unclaimed dividend
(0.14)
0.06
Interest paid
(33.30)
(33.72)
Dividend on Equity Shares (including dividend distribution tax)
(20.67)
(15.45)
Net cash used in financing activities
C
(60.48)
(77.77)
Net change in cash and cash equivalents
A+B+C
8.17
(6.42)
Opening balance - cash and cash equivalents
9.89
16.31
Closing balance - cash and cash equivalents
18.06
9.89
8.17
(6.42)
The Consolidated 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.
As per our attached report of even date
For and on behalf of the Board of Directors
For Dalal & Shah
Firm Registration Number: 102020W
Sunil S Lalbhai
Chartered Accountants
Chairman and Managing Director
G S Patel
S S Baijal
B S Mehta
Anish P Amin
S M Datta
Partner
V S Rangan
Samveg A Lalbhai
Membership Number: 40451
T R Gopi Kannan
R A Shah
Managing Director
Mumbai
President, Finance and
S Nammalvar
Mumbai
May 02, 2014
Company Secretary
Directors
May 02, 2014