Cash Flow Consolidated Statement

 
(Rs.crore)

Year ended
31/03/2017
Year ended
31/03/2016
A. Cash flow from operating activities
Profit/ (Loss) before Tax:    
From Continuing Operations 3,314.39 (42.55)
From Discontinued Operations 0.50 (160.52)
  3,314.89 (203.07)
Adjustment for :    
  Finance Costs 5,742.44 5,133.80
  Depreciation and Amortization 4,457.24 4,346.80
  (Reversal of)/ Impairment Loss of Property, Plant, Equipment and Intangible Assets (Net) 11.54 160.63
  Employee share-based payment expenses 5.57 9.62
  Provisions made/ (written back) (Net) 52.04 (3.75)
  Share in (Profit)/ Loss in Equity Accounted Investments (Net of Tax) 25.14 (171.54)
  Unrealised Foreign Exchange (Gain)/ Loss (Net) (36.70) 22.55
  (Gain)/ Loss on Derivative transactions (Net) 155.12 (298.01)
  (Gain)/ Loss on Assets held for sale (Net) (14.66) (2.88)
  (Gain)/ Loss on Sale of Fixed Assets (Net) 63.83 25.25
  Interest Income (415.36) (554.84)
  Dividend Income (38.42) (46.05)
  Investing Activities (Net) (554.90) (310.67)
  Exceptional (Income)/ Expenses (Net) 7.64 576.53
  Other Non-operating Income/ Expenses (Net) 22.62 124.18
Operating Profit before working capital changes 12,798.03 8,808.55
Changes in working Capital:    
(Increase) / Decrease in Inventories (Net) (2,204.68) 3,604.71
(Increase) / Decrease in Trade and other Receivables (Net) (1,123.64) 2,629.64
Increase / (Decrease) in Trade and other Payables (Net) 3,717.71 (2,126.60)
Realised Hedging Gain/ (Loss) (Net) 279.70 0.56
Cash generation from Operation before Tax 13,467.12 12,916.86
(Payment)/ Refund of Income Tax (Net) (779.65) (1,229.12)
Net Cash Generated/ (Used) - Operating Activities 12,687.47 11,687.74
B. CASH FLOW FROM INVESTMENT ACTIVITIES    
Payments to acquire Property, Plant and Equipment and Intangible Assets (2,937.62) (4,245.17)
Proceeds from disposal of Property, Plant and Equipment and Intangible Assets 68.03 193.59
Proceeds / (Payment) on acquisition/ disposal of shares of Subsidiaries 44.84 23.63
Return of Capital from a Subsidiary 3.21 -
(Purchase) / Sale of Other Investments (Net) (417.64) (862.58)
Loans given/ (received back) to employees and others (Net) (45.38) 769.34
Interest Received 440.37 543.17
Dividend Received 55.66 56.20
Net Cash Generated/ (Used) - Investing Activities (2,788.53) (3,521.82)
C. CASH FLOW FROM FINANCING ACTIVITIES    
Proceeds from issue of shares (net of expenses) 3,314.07 0.06
Redemption of Debenture (3.00) (3.00)
Proceeds from Long-term Borrowings 30,932.55 6,111.91
Pre-payment of Long-term Borrowings (30,055.00) (2,542.58)
Repayment of Long-term Borrowings (1,516.82) (2,574.28)
Proceeds from/ (Repayment of) Short-term Borrowings (Net) (1,897.95) (4,589.92)
Payment of Finance Lease liability (2.81) (2.47)
Finance Cost Paid (6,075.37) (5,005.74)
Dividend Paid (including Dividend Distribution Tax) (247.94) (255.83)
Net Cash Generated/ (Used) - Financing Activities (5,552.27) (8,861.85)
Net Increase/ (Decrease) in Cash and Cash Equivalents 4,346.67 (695.93)
Add : Opening Cash and Cash Equivalents 4,261.60 4,655.77
Add : Cash and Cash Equivalents on Disposal (298.90) (1.74)
Add : Effect of exchange variation on Cash and Cash Equivalents (87.42) 303.50
Closing Cash and Cash Equivalents 8,221.95 4,261.60
Reconciliation of Closing Cash and Cash Equivalents with Balance Sheet:    
Cash and Cash Equivalents as per Balance Sheet 8,233.40 4,261.80
Less: Fair Value adjustments in Liquid Investments (11.45 (0.20)
Cash and Cash Equivalents as per Cash Flow Statement 8,221.95 4,261.60
The accompanying Notes are an integral part of the Consolidated Financial Statements.