Annual Report 2010-2011 - Gammon India

C. CASH FLOW FROM FINANCING ACTIVITIES
Note:
CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 ST MARCH, 2011
12 Months
April 2010 – March 2011
` in Crores
Interest Paid (468.70) (421.12)
Proceeds from issue of Share Capital & Share Premium 47.47 395.07
Capital grant received 15.43 –
Minority Interest Contribution 44.18 1.30
Foreign Currency Translation Reserve 7.08 (5.48)
Repayment of Preference Share Capital – (105.00)
Proceeds from/(Repayment of) borrowings (Net) 1,535.91 828.70
Preliminary Expenses (0.97) (0.22)
Dividend Paid (Including Tax) (27.11) (12.67)
12 Months
April 2009 – March 2010
` in Crores
NET CASH FROM FINANCING ACTIVITIES 1,153.29 680.58
NET INCREASE IN CASH AND CASH EQUIVALENTS 16.05 (55.41)
Balance as on 31.03.2010 555.95 611.36
Balance as on 31.03.2011 572.00 555.95
NET INCREASE IN CASH AND CASH EQUIVALENTS 16.05 (55.41)
Figure in brackets denote outflows
Cash and Cash Equivalents include ` 2.71 Crores as on 31.03.2011 (Previous Year – ` 1.93 Crores as on 31.03.10) with Bank Branch in Foreign countries
relating to certain Foreign Projects which are not readily available for use by the Company.
As At As At
31.3.2011 31.3.2010
Cash and Cash Equivalents 572.04 555.30
Effect of Exchange Rate Charges (0.04) 0.65
Balance Restated above 572.00 555.95
As per our attached report of even date
For Natvarlal Vepari & Co.
Chartered Accountants
Firm Registration No. 106971W
N. JAYENDRAN
Partner
M. No. 40441
For and on behalf of the Board of Directors
ABHIJIT RAJAN ROHIT MODI
Chairman & Managing Director Deputy Managing Director
C. C. DAYAL D. C. BAGDE
Director Executive Director
GIRISH BHAT GITA BADE
Chief Financial Officer Company Secretary
Mumbai, Dated : 19 th August, 2011 Mumbai, Dated : 19 th August, 2011
A NNUAL R EPORT I 2010/11
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