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Cash Flow Statement
(All amounts in millions of Indian Rupees, unless otherwise stated)
Year ended
31 March 2011
Year ended
31 March 2010
C. CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from fresh issue of
- Share capital including securities premium (net of issue expenses) 40.86 4,142.78
Proceeds/(Repayment) of long-term borrowings (1,242.87) 4,365.67
Proceeds/(Repayment) of short-term borrowings 5,488.53 (6,426.45)
Proceeds from working capital facilities 1,253.59 (464.47)
Redemption of FCCB (including premium and tax) (1,959.48) (385.25)
Interest paid (860.79) (1,009.83)
Dividend paid (including dividend distribution tax) (125.82) (118.00)
Net cash from financing activities 2,594.02 104.45
Net Increase/(Decrease) in cash and cash equivalents 258.72 (66.11)
Opening balance of cash and cash equivalents 50.77 116.88
Closing balance of cash and cash equivalents 309.49 50.77
Cash and cash equivalents comprise:
Cash 1.90 1.71
Deposits with scheduled banks 15.49 14.73
Deposits with non-scheduled banks - 0.11
Balance with scheduled banks 290.43 33.02
Balance with non-scheduled banks 1.67 1.20
309.49 50.77
Note:
1. The Cash Flow Statement has been prepared under the “Indirect Method” as set out in Accounting Standard - 3
‘Cash Flow Statements’ specified in the Companies (Accounting standards) Rules, 2006.
2. Cash and cash equivalents includes ` 3.66 ( 2010 - ` 3.12) which are not available for use by the Company.
(Refer Schedule 13 to the Financial Statements)
3. Figures in bracket indicate Cash outgo.
This is the Cash Flow Statement referred to in our report of even date.
For Walker, Chandiok & Co.
Chartered Accountants
For and on behalf of the Board of Directors
Khushroo B. Panthaky Glenn Saldanha Cheryl Pinto
Partner Chairman & Managing Director Director
Place: Mumbai
Date: 10 May 2011
Marshall Mendonza
Vice President - Legal & Company Secretary
Annual Report 2010-2011 55