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DRIVIN G ROWTH - Dr. Reddy's

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notes to financial statements – DECEMBER 31, 2001<br />

11.NOTES TO THE CASH FLOW STATEMENT<br />

Reconciliation of operating profit to net cash inflow from operating activities:<br />

US$<br />

2001 2000<br />

Operating profit 89,910 89,964<br />

Interest income (6,141) (53,967)<br />

Increase in accounts payable and accrued expenses 1,155 1,016<br />

Increase in trade creditors 1,174,438 176,228<br />

Increase in trade debtors (731,197) 320,613<br />

Increase in inventories (378,861) (95,138)<br />

Net cash inflow from operating activities 149,304 438,716<br />

12.APPROVAL OF FINANCIAL STATEMENTS<br />

The financial statements were approved by the Board of Directors on April 25, 2002.<br />

REDDY PHARMACEUTICALS HONG KONG LTD. | FINANCIALS | ANNUAL REPORT 2001<br />

203

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