WABCO-TVS (INDIA) LIMITED INFORMATION MEMORANDUM ...
WABCO-TVS (INDIA) LIMITED INFORMATION MEMORANDUM ...
WABCO-TVS (INDIA) LIMITED INFORMATION MEMORANDUM ...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>WABCO</strong>-<strong>TVS</strong> (<strong>INDIA</strong>) <strong>LIMITED</strong> <strong>INFORMATION</strong> <strong>MEMORANDUM</strong><br />
CASH FLOW STATEMENT<br />
ANNEXURE C<br />
Rupees in lakhs<br />
Year ended<br />
31.03.2008<br />
A. Cash flow from operating activities:<br />
Net profit before tax and extraordinary items<br />
Add:<br />
10,436.65<br />
Depreciation for the year 1,011.71<br />
Profit on sale of investments (3.37)<br />
Interest (net) 328.68 1337.02<br />
Operating profit before working capital changes<br />
Adjustments for:<br />
11,773.67<br />
Inventories (3,102.50)<br />
Sundry debtors (7,577.89)<br />
Other current assets (17.23)<br />
Loans and advances (1,531.60)<br />
Current liabilities 9,838.84<br />
Provisions 1,382.33<br />
Page 47 of 95<br />
(1,008.05)<br />
10,765.62<br />
Interest paid (373.31)<br />
Direct taxes paid (3,271.59)<br />
Net cash from operating activities (A) 7,120.72<br />
B. Cash flow from investing activities:<br />
Transfer of fixed assets from Sundaram-Clayton Ltd (net) (11,127.87)<br />
Additions to fixed assets including capital work-in-progress (7,194.24)<br />
Sale of fixed assets during the year (net) 22.79<br />
Purchase of investments (865.78)<br />
Profit on sale of investments 3.37<br />
Interest received 44.63<br />
Net cash used in investment activities (B) (19,117.10)<br />
C. Cash flow from financing activities :<br />
Transfers consequent to demerger from<br />
Sundaram-Clayton Limited<br />
Share capital 948.38<br />
General reserves 7,832.12<br />
Profit and Loss Account 3,435.13<br />
Deferred tax liability 139.66<br />
12,355.29<br />
Unsecured loan repaid (119.43)<br />
Miscellaneous expenditure not written off 0.24<br />
Dividend and dividend tax paid (1,104.00)<br />
Net cash from in financing activities (C) 11,132.10<br />
D. Net increase in cash and cash equivalents<br />
Opening cash and cash equivalents (01 04 2007)<br />
(A+B+C) (864.28)<br />
- Cash and bank balances 4.17<br />
- Cash credit utilisation<br />
Closing cash and cash equivalents (31 03 2008)<br />
-<br />
4.17<br />
- Cash and bank balances 1,163.27<br />
- Cash credit utilisation (2,023.38) (860.11)<br />
Notes:<br />
The above statement has been prepared in indirect method except in case of interest,<br />
dividend and purchase and sale of investments which have been considered on the<br />
basis of actual movement of cash.<br />
Cash and cash equivalents represent cash and bank balances.<br />
As per our report annexed<br />
For Sundaram & Srinivasan<br />
Chartered Accountants<br />
Chennai H Lakshmanan C N Prasad M Padhmanabhan<br />
September 10, 2008 Director Wholetime Director Partner
Change language