Tata Motors AR

Statutory Reports

Corporate Overview

Financial Statements

F-10

(Standalone)

72nd Annual Report 2016-17

CASH FLOW STATEMENT

In termsofour reportattached

Forandonbehalfof theBoard

For

DELOITTEHASKINS&SELLSLLP

CharteredAccountants

BPSHROFF

Partner

RAMASHELKAR

[DIN:00074119]

NMUNJEE

[DIN:00010180]

VKJAIRATH

[DIN:00391684]

OPBHATT

[DIN:00548091]

RSPETH

[DIN:03318908]

Directors

NCHANDRASEKARAN

[DIN:00121863]

Chairman

GUENTERBUTSCHEK

[DIN:07427375]

CEO&ManagingDirector

RPISHARODY

[DIN:01875848]

ExecutiveDirector

SBBORWANKAR

[DIN:01793948]

ExecutiveDirector

CRAMAKRISHNAN

GroupChiefFinancialOfficer

HKSETHNA

[FCS:3507]

CompanySecretary

(

in crores)

Year ended March 31,

2017

2016

Cash flows from Operating Activities

Profit/(loss) after tax

(2,479.99)

(62.30)

Adjustments for:

Depreciation and amortisation expense

2,969.39

2,329.22

Allowances for trade and other receivables

133.72

138.79

Inventory write down

103.35

136.33

Provision for impairment of investments and costs associated with closure of operations of a subsidiary

97.86

Provision for impairment of investment in a subsidiary

123.17

Marked-to-market on investments measured at Fair value through profit or loss

(0.93)

(9.33)

Impairment of capitalised property, plant and equipment and other intangible assets

163.94

Exceptional items - others

147.93

Loss on sale of assets (net) (including assets scrapped/ written off)

139.49

388.37

Profit on sale of investments at FVTPL (net)

(116.76)

(67.48)

Gain on fair value of below market interest loans

(46.52)

(50.50)

Tax expense

59.22

(4.80)

Interest/dividend (net)

729.00

266.50

Foreign exchange (gain)/ loss (net)

(212.10)

175.82

4,028.96

3,564.72

Cash flows from operating activities before changes in following assets and liabilities

1,548.97

3,502.42

Trade receivables

(199.63)

(677.54)

Loans and advances and other financial assets

(80.28)

(55.29)

Other current and non-current assets

(325.84)

(62.62)

Inventories

(566.77)

(234.79)

Trade payables and acceptances

2,298.02

76.31

Other current and non-current liabilities

23.71

377.23

Other financial liabilities

(1,307.43)

(324.53)

Provisions

84.47

125.29

Cash generated from operations

1,475.22

2,726.48

Income taxes credit/(paid) (net)

(93.75)

(23.50)

Net cash from operating activities

1,381.47

2,702.98

Cash flows from investing activities:

Payments for property, plant and equipment

(1,872.83)

(1,687.63)

Payments for other intangible assets

(1,554.16)

(1,596.00)

Proceeds from sale of property, plant and equipment

15.41

34.42

Advance towards investments in subsidiary companies

(73.11)

Investments in Mutual Fund (purchased)/ sold (net)

(537.40)

(1,669.02)

Investments in subsidiary companies

(139.08)

(59.98)

Proceeds from sale of investments in subsidiary companies

746.90

Loans to subsidiary companies

(0.07)

(77.97)

Loans to others

(0.75)

Repayment of loans to others

0.75

Proceeds from sale of investments in other companies

85.05

(Increase)/Decrease in short term inter corporate deposit

20.00

(35.00)

Repayment of loans to joint operations

132.50

Deposits with financial institution

(1,968.00)

Reaslisation of deposits with financial institution

1,968.00

Deposits/restricted deposits with banks

(114.71)

(5,738.79)

Realisation of deposits/restricted deposits with banks

379.00

5,511.30

Interest received

256.11

253.90

Dividend received

676.50

1,042.46

Net cash used in investing activities

(2,737.98)

(3,264.22)

Cash flows from financing activities

Proceeds from Rights issue of shares (net of issue expenses)

7,433.22

Proceeds from issue of shares held in abeyance

4.55

Proceeds from long-term borrowings

4,070.52

468.45

Repayment of long-term borrowings

(2,596.22)

(1,418.35)

Proceeds from short-term borrowings

6,616.67

3,118.25

Repayment of short-term borrowings

(3,298.44)

(4,956.91)

Net change in other short-term borrowings (with maturity up to three months)

(1,647.28)

(2,637.62)

Dividend paid (including dividend distribution tax)

(73.00)

Interest paid [including discounting charges paid,

373.02 crores

(March 31, 2016

364.47 crores)]

(1,957.59)

(2,085.91)

Net Cash from/(used in) financing activities

1,119.21

(78.87)

Net decrease in cash and cash equivalents

(237.30)

(640.11)

Cash and cash equivalents as at April 1, (opening balance)

427.07

1,066.47

Exchange fluctuation on foreign currency bank balances

(1.38)

0.71

Cash and cash equivalents as at March 31, (closing balance)

Non-cash transactions :

188.39

427.07

Liability towards property, plant and equipment and other intangible assets purchased on credit/ deferred credit

327.82

415.15

Mumbai,May23,2017