File_2012_Document1

116 Jindal Steel & Power Limited Business Leadership Sustainable Operations Excellent Governance Robust FinancialsStandaloneAnnual Report 2011-12117Cash Flow Statement for the year ended 31st March, 2012For the year ended31st March, 2012(` in Crore)For the year ended31st March, 2011A. CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES2,843.01 2,752.94NET PROFIT BEFORE TAX AND EXTRAORDINARY ITEMSAdjustment for:Depreciation 867.19 687.77Loss on sale of Advances/Investment in Subsidiaries 167.20 -Premium on Investment written off 0.04 0.07Loss / (Profit) on Sale of Fixed Assets (5.73) 0.27Loss / (Profit) on Sale of Investments (0.44) (1.13)Dividend Income (130.06) (117.10)Liability / Provisions no longer required written back (7.89) (1.79)Provision for dimunition in Investments written back (11.54) -Bad Debts/Provision for Doubtful debts 0.10 (0.61)Employees Compensation Expenses under Employees Stock Option Scheme (0.83) (4.87)Interest Paid 536.77 285.00Operating Profit before Working Capital Changes 4,257.82 3,600.55Adjustment for:Inventories (847.19) (875.62)Trade receivables (167.94) (114.08)Other Current Assets (391.56) (212.28)Income Tax paid (560.61) (514.36)Other Current Liabilities 615.52 (90.18)Net Cash Inflow/(Outflow) from Operating Activities 2,906.04 1,794.04B. CASH INFLOW/(OUTFLOW) FROM INVESTMENT ACTIVITIESCapital Expenditure (5,122.82) (4,893.92)Sale Proceeds of Fixed Assets 55.44 354.20Dividend received 247.11 91.09Loans & Advances 208.95 (398.62)Interest Received 52.73 49.52(Increase) / Decrease in Investments (306.04) (141.76)Share Application Money given (128.21) (24.85)Net Cash Inflow/(Outflow) from Investing Activities (4,992.84) (4,964.35)Cash Flow Statement for the year ended 31st March, 2012C. CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIESFor the year ended31st March, 2012(` in Crore)For the year ended31st March, 2011State Sales Tax Subsidy 38.92 32.23Issue of Equity Shares 3.84 11.32Proceeds from Long Term Borrowings 5,633.71 5,317.19Working Capital Borrowings from Banks 1,142.83 1,048.09Repayment/Adjustment of Borrowings (3,505.37) (2,469.78)Dividend Paid (including tax thereon) (141.74) (117.59)Interest Paid (1,099.55) (661.51)Net Cash Inflow/(Outflow) from Financing Activities 2,072.64 3,159.95NET CHANGES IN CASH & CASH EQUIVALENTS (A+B+C) (14.17) (10.36)Cash & Cash equivalents (Opening Balance) 49.74 60.10Cash & Cash equivalents (Closing Balance)* 35.57 49.74* Includes Other Non Current Assets (Note-15)Note:The figures have been regrouped/rearranged, wherever necessary, for comparison purposesIn terms of our report of even dateFor S.S. Kothari Mehta & Co.Chartered AccountantsFor and on behalf of the BoardArun K. Tulsian Naveen Jindal Anand Goel Sushil K MarooPartnerMembership No. 89907Chairman & Managing Director Joint Managing Director Director &Group Chief Financial OfficerPlace : New DelhiDated : 27th April, 2012T. K. SadhuCompany Secretary