Schedules forming part of the Financial ... - Thomas Cook India

92
Thomas Cook (India) Limited
Consolidated Cash Flow Statement
for the year ended 31st December, 2011
Year ended
Year ended
31st December, 2011
31st December, 2010
Rupees Rupees Rupees Rupees
A. CASH FLOW FROM OPERATING ACTIVITIES
Net Profit before Taxation and after Exceptional Item
Adjustments for -
806,444,327 736,267,564
Depreciation/Amortisation 139,350,757 135,041,975
Discounting charges for Employee Stock Options 9,171,293 1,789,670
Interest on Income Tax Refund (24,293,325) (6,711,328)
Interest and Other Finance Expenses
(Net of Interest Income)
230,850,263 217,401,608
Dividend Income (1,498,398) (1,310,878)
(Profit)/Loss on Sale of Fixed Assets (Net) (72,660,499) (142,626,864)
Bad Debts and advances written off 13,971,345 33,622
Provision for Doubtful Debts and Advances (Net) 72,312,013 19,513,022
Provision for diminution in the value of Long Term Investments 315 1,270
(Profit) on Redemption of Long-term Investments - (14,098,942)
367,203,764 209,033,155
Operating profit before working capital changes
Adjustments for -
1,173,648,091 945,300,719
Trade and Other Receivables (287,158,151) (594,759,234)
Trade and Other Payables 579,960,652 (125,456,191)
292,802,501 (720,215,425)
Cash generated from operations 1,466,450,592 225,085,294
Direct Taxes paid (Net of refund of taxes) (30,684,921) (149,352,624)
Interest on Income Tax Refund 24,293,325 6,711,328
Net cash generated from operating activities 1,460,058,996 82,443,998
B. CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed Assets (187,875,759) (397,422,140)
Sale of Fixed Assets 105,407,626 185,425,564
Purchase of Investments (5,023,077,606) (3,049,108,997)
Sale of Investments 4,796,136,109 3,263,557,721
Interest Received 7,883,727 4,278,513
Dividend Received 1,498,398 1,310,878
Net cash (used in)/generated from investing activities (300,027,505) 8,041,539
C. CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from issue of Equity Shares under ESOP 6,051,784 14,103,850
Proceeds from Borrowings (Net) 269,888,651 299,592,294
Proceeds of Finance Lease (Net) 771,529 15,573,279
Interest and Other Finance Expenses paid (234,638,169) (218,269,464)
Dividend Paid (79,288,268) (79,342,838)
Tax on Dividend Paid (12,889,463) (13,181,661)
Net cash (used in)/generated from financing activities (50,103,936) 18,475,460
D. EFFECT OF EXCHANGE FLUCTUATION ON TRANSLATION RESERVE 23,819,920 (9,064,658)
Net increase in cash and cash equivalents 1,133,747,475 99,896,339
Cash and Cash Equivalents - Opening Balance 1,601,037,810 1,501,141,471
Cash and Cash Equivalents - Closing Balance 2,734,785,285 1,601,037,810
Notes:
1. The above cash flow statement has been prepared under the ‘Indirect Method’ as set out in the Accounting Standard – 3 on Cash Flow
Statements, notified under sub-section (3C) of Section 211 of The Companies Act, 1956.
2. Previous year figures have been regrouped where necessary.
In terms of our report of even date
For LOVELOCK & LEWES
Firm Registration Number: 301056E
Chartered Accountants
For and on behalf of the Board
NAGNATH V PAI
MADHAVAN MENON – Managing Director
Partner
VINAYAK K. PUROHIT – Executive Director - Finance
Membership No. 36134
RAKSHIT DESAI
– Executive Director - Foreign Exchange
R. R. KENKARE
– President & Head - Legal &
Company Secretary
Mumbai, 16th February, 2012 Mumbai, 16th February, 2012