Atul-2014-15

127

Consolidated Cash Flow Statement

for the year ended March 31, 2015 (continued)

(

cr)

Particulars

2014-15

2013-14

CASH FLOW FROM INVESTING ACTIVITIES

Purchase of tangible assets

(183.28)

(115.27)

Purchase of intangible assets

(0.28)

1.13

Capital advances

(17.30)

1.28

Proceed from central and state subsidy

–

2.57

Acquisition of minority interest

0.17

0.26

Sale | (Purchase) of investments in associate companies

15.78

2.68

Sale | (Purchase) of investments in other companies

(0.51)

(0.54)

Exchange difference on consolidation

9.91

(2.16)

Long-term bank deposits

–

0.03

Short-term bank deposits

0.25

2.12

Sale of fixed assets

7.45

0.32

Interest received

0.48

1.09

Dividend received

2.11

23.43

Net cash used in investing activities

(165.22)

(83.06)

C. CASH FLOW FROM FINANCING ACTIVITIES

(Repayments) | Disbursements from long-term borrowings

(51.35)

(34.25)

Add: Exchange rate difference

(2.87)

(4.00)

(Repayments) | Disbursements from long-term borrowings (adjusted)

(54.22)

(38.25)

(Repayments) | Disbursements from short-term borrowings

(19.16)

31.31

Total (repayments) | disbursements from borrowings

(73.38)

(6.94)

Acquisition of subsidiary company

0.21

0.57

Payment of unclaimed dividend

(0.12)

(0.14)

Interest paid

(26.03)

(33.30)

Dividend on Equity shares | Preference shares (including dividend

distribution tax)

(25.95)

(20.67)

Net cash used in financing activities

(125.27)

(60.48)

Net change in cash and cash equivalents

A+B+C

15.81

8.17

Opening balance - cash and cash equivalents

18.06

9.89

Closing balance - cash and cash equivalents

33.87

18.06

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 Dalal & Shah Chartered Accountants LLP

Firm Registration Number: 102020W | W-100040

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 30, 2015

S Venkatesh

Partner

Membership Number: 037942

Mumbai

April 30, 2015

T R Gopi Kannan

Whole-time Director and CFO

L P Patni

Company Secretary

B N Mohanan

Whole-time Director

and President - U&S