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Atul Ltd | Annual Report 2017-18
Consolidated Statement of Cash Flows
for the year ended March 31, 2018 (continued)
(
`
cr)
Particulars
Note
2017-18
2016-17
B Cash flow from investing activities
Payments towards property, plant and equipment (including capital advance)
(143.04)
(216.71)
Payments to acquire equity investment measured at cost
(0.01)
12.60
Proceeds from sale of equity investment measured at FVOCI
(0.11)
(0.09)
Proceeds from sale of equity investment measured at cost
3.51
8.96
Repayments of loans
–
21.35
(Disbursements) of loans
(0.20)
–
Proceeds | (Payments) from fixed deposits
(1.73)
(1.02)
Proceeds | (Payments) from mutual funds
(2.78)
(0.86)
Proceeds from disposal of property, plant and equipment
–
4.68
Interest received on financial assets measured at amortised cost
0.29
0.04
Dividends received
13.94
(2.16)
Net cash used in investing activities
B
(130.13)
(173.21)
C Cash flow from financing activities
Repayments of term loans | non-current borrowings
(23.10)
(31.13)
Disbursements | (Repayments) of working capital loans | current borrowings
(128.68)
(111.79)
Payments of unclaimed dividend
(0.23)
(0.27)
Transaction with non-controlling interests
(4.60)
(5.89)
Interest paid
(12.91)
(27.30)
Dividend on equity shares (including dividend distribution tax)
(37.88)
(35.45)
Net cash used in financing activities
C
(207.40)
(211.83)
Net increase | (decrease) in cash and cash equivalents A+B+C
18.18
6.70
Cash and cash equivalents at the beginning of the year
23.44
18.07
Net effect of exchange gain | (loss) on cash and cash equivalents
1.05
(1.33)
Cash and cash equivalents at the end of the year
42.67
23.44
Notes:
i) The above Consolidated Statement of Cash Flows has been prepared under the ‘Indirect Method’ as set out in the Ind AS 7
on Statement of Cash Flows as notified under Companies (Indian Accounting Standards) Rules, 2015.
ii) Cash flows from operating activities include
`
7.63 cr (March 31, 2017:
`
6.72 cr) being expenditure towards Corporate
Social Responsibility initiatives.
iii) Refer Note 17 (g) for a reconciliation of changes in liabilities arising from financing activities.
The accompanying Notes 1-29 form an integral part of the Consolidated Financial Statements
In terms of our report attached
For Deloitte Haskins & Sells LLP
Chartered Accountants
R A Shah
S S Baijal
B S Mehta
H S Shah
S M Datta
V S Rangan
M M Chitale
S A Panse
B R Arora
Directors
For and on behalf of the Board of Directors
S S Lalbhai
Chairman and Managing Director
S A Lalbhai
Managing Director
Mumbai
April 27, 2018
Samir R. Shah
Partner
Mumbai
April 27, 2018
T R Gopi Kannan
Whole-time Director and CFO
L P Patni
Company Secretary
B N Mohanan
Whole-time Director
and President - U&S