Cash Flow Statement

For the year ended 31st March, 2018

(` in crore)
  2017-18 2016-17
 
A: CASH FLOW FROM OPERATING ACTIVITIES
Net Profit Before Tax as per Statement of Profit and Loss 45,725 40,777
Adjusted for:    
(Profit) / Loss on Sale / Discard of Property, Plant and Equipment (Net) (8) (504)
Depreciation / Amortisation and Depletion Expense 9,580 8,465
Effect of Exchange Rate Change (1,903) (2,062)
Net Gain on Investments (3,446) (4,116)
Dividend Income (935) (271)
Interest Income (3,586) (3,535)
Finance costs 4,656 2,723
Operating Profit before Working Capital Changes 50,083 41,477
Adjusted for:    
Trade and Other Receivables (11,397) (1,857)
Inventories (5,550) (5,984)
Trade and Other Payables 37,479 27,374
Cash Generated from Operations 70,615 61,010
Taxes Paid (Net) (8,615) (9,560)
Net Cash flow from Operating Activities 62,000 51,450
 
B: CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Property, Plant and Equipment and Intangible Assets (24,700) (30,266)
Proceeds from disposal of Property, Plant and Equipment and Intangible Assets 75 1,452
Investments in Subsidiaries / Trusts (34,973) (66,498)
Disposal of investments in Subsidiaries - 26,461
Purchase of Other Investments (4,99,789) (6,09,377)
Proceeds from Sale of Financial Assets 5,04,318 6,19,551
Net Cash Flow for Other Financial Assets (7,136) 1,304
Interest Income 2,162 2,153
Dividend Income from Associates 12 10
Dividend Income from Others 922 261
Net Cash Flow used in Investing Activities (59,109) (54,949)
 
C: CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from Issue of Equity Share Capital 125 692
Share Application Money 15 4
Proceeds from Borrowing - Non Current 28,328 10,065
Repayment of Borrowing - Non Current (11,344) (15,329)
Borrowing - Current (Net) (7,855) 8,284
Dividends Paid (including Dividend Distribution Tax) (3,916) -
Interest Paid (7,267) (5,355)
Net Cash Flow used in Financing Activities (1,914) (1,639)
Net Increase/(Decrease) in Cash and Cash Equivalents 977 (5,138)
Opening Balance of Cash and Cash Equivalents 1,754 6,892
Closing Balance of Cash and Cash Equivalents*
(Refer Note 8)
2,731 1,754
* Include towards Unclaimed Dividend of ` 259 crore (Previous Year ` 241 crore)

Change in Liability arising from financing activities

(` in crore)
  1st April, 2017 Cash flow Foreign exchange movement 31st March, 2018
Borrowing - Non Current (Refer Note 15) 84,866 16,984 (208) 1,01,642
Borrowing - Current (Refer Note 19) 22,580 (7,855) 514 15,239
  1,07,446 9,129 306 1,16,881
As per our Report of even date
For D T S & Associates
Chartered Accountants
(Registration No.142412W)
For S R B C & CO LLP
Chartered Accountants
(Registration No.324982E/E300003)
T P Ostwal
Partner
Membership No. 030848
Vikas Kumar Pansari
Partner
Membership No. 093649
Alok Agarwal
Chief Financial Officer
Srikanth Venkatachari
Joint Chief Financial Officer
K. Sethuraman
Company Secretary
Mumbai
Date : April 27, 2018
For and on behalf of the Board

M.D. Ambani

-

Chairman & Managing Director

N.R. Meswani
H.R. Meswani
P.M.S. Prasad
P. K. Kapil

Executive Directors

M.L. Bhakta
Y.P. Trivedi
Prof. Ashok Misra
Prof. Dipak C. Jain
Dr. R.A. Mashelkar
Adil Zainulbhai
Nita M. Ambani
Raminder Singh Gujral
Shumeet Banerji

Directors