DRIVIN G ROWTH - Dr. Reddy's
DRIVIN G ROWTH - Dr. Reddy's
DRIVIN G ROWTH - Dr. Reddy's
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
cash flow statement | YEAR<br />
ENDED MARCH 31<br />
(All amounts in Indian Rupees thousands, except share data)<br />
2002 2001<br />
CASH FLOWS FROM OPERATING ACTIVITIES<br />
Profit before taxation 4,707,728 1,755,483<br />
Adjustments:<br />
Depreciation 474,187 425,145<br />
Amortisation of long-term deposits 22,750 22,750<br />
Income from redemption of mutual fund units (19,420) –<br />
Deferred revenue expenditure written-off 931,354 –<br />
Unrealised foreign exchange gain (127,093) –<br />
Amortisation of marketing development expenditure 11,748 55,525<br />
Deferred R&D expenditure on product development – (192,518)<br />
Provision for decline in the value of long-term investments 217,424 –<br />
Interest income (99,052) (6,357)<br />
Dividend income (4,212) (18,017)<br />
Interest expense 108,985 402,764<br />
Loss on sale of fixed asset 29,029 9,197<br />
Preliminary expenses written-off 500 125<br />
Operating cash flows before working capital changes 6,253,928 2,454,097<br />
(Increase) / decrease in sundry debtors (1,564,370) (320,820)<br />
(Increase) / decrease in inventories (322,064) (294,469)<br />
(Increase) / decrease in loans and advances 15,022 (376,643)<br />
Increase / (decrease) in current liabilities and provisions 620,329 14,544<br />
Cash generated from operations 5,002,845 1,476,709<br />
Income taxes paid (456,970) (272,309)<br />
Net cash provided by operating activities 4,545,875 1,204,400<br />
Cash flows from investing activities<br />
Purchase of fixed assets (1,149,954) (486,007)<br />
Proceeds from sale of fixed assets 26,784 70,913<br />
Purchase of investments (2,411,268) (240,117)<br />
Sale of investments 2,363,680 –<br />
Advances given to subsidiaries and joint ventures (313,119) (32,418)<br />
Repayment of advances given to subsidiaries and joint ventures – 115,125<br />
Interest received 90,208 6,317<br />
Dividend received 4,212 18,017<br />
Net cash used in investing acivities (1,389,457) (548,170)<br />
As per our report attached. For DR. REDDY’S LABORATORIES LIMITED<br />
For BHARAT S RAUT & CO. DR. K ANJI REDDY Chairman<br />
Chartered Accountants G V PRASAD Executive Vice Chairman & CEO<br />
K SATISH REDDY Managing Director & COO<br />
PRADIP KANAKIA DR. OMKAR GOSWAMI Director<br />
Partner V S VASUDEVAN Chief Financial Officer<br />
SANTOSH KUMAR NAIR Company Secretary<br />
For A RAMACHANDRA RAO & CO.<br />
Chartered Accountants<br />
A RAMACHANDRA RAO<br />
Partner<br />
Hyderabad<br />
June 4, 2002<br />
DR. REDDY’S LABORATORIES LTD. | FINANCIALS | ANNUAL REPORT 2001-2002<br />
133
Change language