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FUND FLOW STATEMENT
(
`
in crores)
FY 2011-12
FY 2010-11 FY 2009-10 FY 2008-09 FY 2007-08
Sources of Funds
1 Funds generated from operations
A.
Profit after tax
1,242.23 1,811.82 2,240.08 1,001.26 2,028.92
B.
Depreciation (including Lease Equalisation)
1,602.23 1,356.26 1,029.36
870.05
647.82
C.
Provision / (Reversal) for diminution in value of investments (net)
-
34.00
61.05
(1.96)
(62.93)
D.
Net deferred tax charge
98.24
376.30
589.46
(2.50)
401.54
E.
Credit for Dividend Distribution Tax of Subsidiary Companies
1.48
-
-
15.29
-
F.
Exchange gain (net) on Long term Foreign currency monetary
items deferred consequent to amendment to AS-11 [Note b(iii)]
(258.35)
161.69
(325.81)
106.23
-
G.
Marked to Market Exchange loss on Forward contracts transferred
to Hedging Reserve Account on adoption of principles of hedge
accounting under AS30 [Note b(v)]
-
-
132.57
(132.57)
-
Total
2,685.35 3,740.07 3,726.71 1,855.80 3,015.35
2 Proceeds from Rights issue of Ordinary shares and ‘A’ Ordinary shares
-
-
-
4,139.33
-
3 Proceeds from issue of Global Depository Shares
-
-
1,794.19
-
-
4 Proceeds from QIP issue
-
3,351.01
-
-
-
5 Proceeds from FCCN, Warrants and Convertible Debentures
converted into Ordinary Shares and premium thereon
0.02
1493.32 1,555.76
8.52
6.90
6 (a) Decrease in Working Capital
-
-
2,145.94
-
1,348.30
(b) Decrease in Finance receivables
144.96
366.41 1,393.58
406.22 2,227.41
7 Increase in Borrowings (net of repayments)
-
-
3,460.35 6,885.04 2,271.38
8 Investment sold (net of investment made)
2,130.66
9 Decrease in short term deposits with banks
525.86
-
-
1,081.85
-
5,487.33 8,950.81 14,076.53 14,376.76 8,869.34
Application of Funds
10 Capital Expenditure (net)
3,346.88 2,396.29 2,873.33 5,118.13 4,705.95
11 Repayment of Borrowings (net of additional borrowings)
34.86
695.79
-
-
-
12 Investments made (net of sales)
-
321.31 9,429.82 8,055.90 2,370.34
13 Payment of Redemption Premium on NCD
-
71.96
-
-
-
14 Increase in short term deposits with banks
-
804.66
490.67
-
1,122.40
15 Increase in Working Capital
571.38 3,000.57
-
830.47
-
16 Dividends (including tax thereon)
1,463.72 1,467.03
991.94
345.70
659.68
17 Miscellaneous Expenditure (to the extent not written off or adjusted) and
utilisation of Securities Premium Account [Note (a) below]
70.49
193.20
290.77
26.56
10.97
5,487.33 8,950.81 14,076.53 14,376.76 8,869.34
Notes :
(a) Utilisation of Securities Premium Account includes FCCN / CARS / Rights issue
expenses and premium on redemption of Debentures
70.49
193.20
292.79
30.59
15.01
(b) The Sources and Application of funds does not include
(i)
Provision for premium on redemption of CARS / FCCN
929.46*
941.08*
1001.46*
835.19*
675.19*
(ii) Liability towards premium on redemption of NCD
1,673.83 1,673.83 1,745.79
-
-
(iii) Exchange gain (net) and depreciation thereon adjusted from General
Reserve to Fixed Assets relating to FY 2007-08 consequent to amendment
to AS11
(iv) Exchange gain (net) adjusted from General Reserve to
Foreign Currency Monetary Item Translation Difference Account
relating to FY 2007-08 consequent to amendment to AS11
-
-
-
57.89*
-
(v) Exchange loss (net) on forward contracts adjusted to General
Reserve on adoption of principles of hedge accounting under AS30
-
-
-
6.87*
-
(vi) Deferred Tax on account of item 1(G)
-
-
(45.06)
45.06
-
*net of deferred tax
(c) Figures for the previous years have been regrouped wherever necessary.
COMPANY (STANDALONE)
40
Sixty - Seventh
Annual Repor t 11-12