annual report 2011-12 - Heavy Engineering Corporation Limited

41
ANNUAL REPORT 2011-12
Cash Flow Statement Annexed to the Balance Sheet
For the period April 2011 - March 2012
` in Lakhs
2011-12 2010-11
A. CASH FLOW FROM OPERATING ACTIVITIES
Net Profit before Tax 858.41 3813.98
Adjustments for:
Depreciation 431.47 406.28
Interest Expenses 515.30 92.37
Deffered Revenue Expenditure 154.13 86.89
Lease Income (467.54) (467.54)
Incremental Provisions 2338.79 2972.15 2196.54 2314.54
Operating Profit before Working Capital Changes 3830.56 6128.52
Adjustments for:
Trade and Other Receivables (2005.79) (16769.53)
Inventories (3919.44) (7524.59)
Trade Payables 3658.64 6348.50
Loans & Advances (439.87) (2706.46) (791.24) (18736.86)
Cash Generated from Operations 1124.10 (12608.34)
Net Cash from Operating Activities 1124.10 (12608.34)
B. CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed Assets (349.59) (283.09)
Sale/Adjustment of Fixed Assets 45.87 0.35
Adjustment in Capital Work-in-Progress (91.85) (42.60)
Lease income 467.54 467.54
Net Cash from Investing Activities 71.97 142.20
C. CASH FLOW FROM FINANCING ACTIVITIES
Interest Payment (515.30) (92.37)
Short Term Loans 475.21 (2240.88)
Liability for leased assets (467.54) (451.47)
Net cash from financing activities (507.63) (2784.72)
Net increase /(Decrease) in cash and cash equivalents 688.44 (15250.86)
Opening Balance of Cash and Cash Equivalents 2447.86 17698.72
Closing Balance of Cash and Cash Equivalents 3136.30 2447.86
688.44 (15250.86)
Note:- Cash Flow has been prepared by following Indirect method
Note - 1:
Details of Opening Balance of Cash and Cash Equivalents
Cash, Cheques and Draft in hand 7.18 15.41
Cheques - in- Transit 47.88 181.54
Balance with Schedule Bank in Current Account 755.47 320.72
Balance with Schedule Bank in Short Term Deposit 1500.00 17050.00
Balance with Other Bank in Short Term Deposit 137.33 131.05
Total 2447.86 17698.72
Note - 2:
Details of Closing Balance of Cash and Cash Equivalents
Cash, Cheques and Draft in hand 4.84 7.18
Cheques - in- Transit 10.48 47.88
Balance with Schedule Bank in Current Account 260.77 755.47
Balance with Schedule Bank in Cash Credit Account
Balance with Schedule Bank in Short Term Deposit 0.00 1500.00
Balance with Other Bank in Short Term Deposit 2860.21 137.33
Total 3136.30 2447.86
A.K.Kanth
Company Secretary
S.K. Chakraborty
General Manager (Finance)
Kushal Saha
Director (Production) &
R.Misra
Chairman Cum Managing Director
Director Mktg. (Additional Charge)
In terms of our report of even date
For Anjali Jain Associates, Chartered Accountants
Place : Ranchi
(ANJALI JAIN)
Date : 06/09/2012 Partner, M No. 72022