DRIVIN G ROWTH - Dr. Reddy's

statement of cash flows | FOR
THE YEAR ENDED MARCH 31
(US $)
For the year For three months
ended 2002 ended 2001
CASH FLOWS FROM OPERATING ACTIVITIES
Net income
Adjustments to reconcile net income to
net cash provided by operating activities:
158,038 102,110
Depreciation 87,862 12,686
(Increase) in accounts receivable (55,310) (2,783)
(Increase) in prepaid expenses (10,701) (7,881)
Increase (decrease) in accounts payable 54,622 (29,613)
Increase (decrease) in deferred revenue (99,997) 674,997
Net cash provided (used) by operating activities 134,514 749,516
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of property and equipment (251,788) (9,321)
Decrease in deposits 52,046 60,000
Net cash used by investing activities (199,742) 50,679
Net increase (decrease) in cash (65,228) 800,195
Cash, beginning 1,521,025 720,830
Cash, ending 1,455,797 1,521,025
See accountant’s audit report and notes to these financial statements.
REDDY US THERAPEUTICS, INC. | FINANCIALS | ANNUAL REPORT 2001-2002
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