Atul Ltd 2013-14

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