Cash Flow (Consolidated)

(Rs. : Million)
For the year ended 31st March, FY 2017 FY 2016

Cash flow from operating activities

 
Net profit before tax 7,376.42  5,422.23
Adjustments:    
Depreciation and amortisation expense 2,913.99 3,467.44
Loss on sale/ disposal/ discard/ impairment of property, plant and equipment (net) 63.44 89.66
Finance costs 3,411.08 3,713.52
Employee share-based payment expense 0.01 5.32
Amortisation of Foreign Currency Monetary Item Translation Difference 67.15 247.32
Unrealised foreign exchange loss (including mark-to-market on forward contracts) 12.60 13.26
Interest income (87.79) (27.39)
Fixed assets received against termination of customer contract - (130.18)
Dividend on investments (1.47) -
  6,379.01 7,378.95
Operating cash flow before working capital changes 13,755.43 12,801.18
Increase in trade receivables, loans, other financial assets and other assets (835.94) (1,027.61)
(Increase)/decrease in inventories (328.82) 535.48
Increase/(decrease) in trade payables, other financial liabilities, other liabilities and provisions 1,533.55 (839.49)
Cash generated from operations 14,124.22 11,469.56
Income tax paid (net of refund) (1,439.35) (480.67)
Net cash generated from operating activities 12,684.87 10,988.89
Cash flow from investing activities    
Purchase of property, plant and equipment, other intangible assets (including capital work-in-progress and intangible assets under development) (4,641.94) (3,419.13)
Sale of property, plant and equipment 19.01 26.77
Purchase of investments (112.33) (45.05)
Sale of investments 185.89 302.25
Movement in other bank balances* 11.98 (19.75)
Interest received 31.97 29.63
Dividend received 1.47 -
Net cash used in investing activities (4,503.95) (3,125.28)
Cash flow arising from financing activities    
Proceeds from issue of shares by Trust on exercise of stock options 77.37 196.55
Proceeds from long term borrowings** 21,302.03 3,826.10
Repayment of long term borrowings** (20,453.52) (10,240.00)
Proceeds from short term borrowings (net of repayments) (4,936.93) 1,846.12
Payment to Minority - (0.27)
Receipt of capital subsidy 2.20 10.00
Dividend paid (including dividend distribution tax) (558.65) (555.42)
Finance costs paid (2,291.17) (3,510.54)
Net cash used in financing activities (6,858.67) (8,427.46)
Effect of exchange rate changes (150.48) 40.15
Net increase/(decrease) in cash and cash equivalents (A+B+C+D) 1,171.77 (523.70)
Add: cash and cash equivalents at the beginning of year 3,392.67 3,916.37
Cash and cash equivalents at the end of the year 4,564.44 3,392.67
Components of cash and cash equivalents
Balances with banks:*
   - on current accounts 3,805.41 3,311.86
   - on dividend accounts 45.57 40.53
   - on deposits accounts with original maturity up to three months 619.23 7.50
Cash on hand 1.73 2.48
Cheques/ drafts on hand 2.98 5.58
Others    
   - Funds in transit 88.43 23.25
   - Imprest 1.09 1.47
  4,564.44 3,392.67
* 87.26 million (31 March 2016: 84.42 million) has restricted use.                                               
** Revolver facility of Jubilant HollisterStier LLC is presented on net basis       

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