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