File_2012_Document1

168 Jindal Steel & Power LimitedBusiness Leadership Sustainable Operations Excellent Governance Robust FinancialsAnnual Report 2011-12169ConsolidatedConsolidated Cash Flow Statement for the year ended 31st March, 2012 Consolidated Cash 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 ACTIVITIES NET PROFIT5,188.60 4,988.02BEFORE TAX AND EXTRAORDINARY ITEMSAdjustment for:Depreciation 1,386.47 1,151.00Loss on sale of Advances/Investment in Subsidiaries 93.62 -Premium on Investment written off 0.04 0.07Loss / (Profit) on Sale of Fixed Assets (5.72) 3.35Loss / (Profit) on Sale of Investments (1.57) (6.69)Dividend Income (0.13) -Liability / Provisions no longer required written back (7.89) (2.59)Provision for dimunition in Investments written back (11.54) -Provision for doubtful debts 0.10 (0.63)Provision for doubtful advances - -Miscellaneous expenditure written off during the year 1.56 14.97Employees Compensation Expenses under Employees Stock Option Scheme (0.83) (4.87)Interest Paid 360.04 259.57Operating Profit before Working Capital Changes 7,002.75 6,402.20Adjustment for:Inventories (806.10) (1,342.61)Sundry Debtors (153.05) (399.70)Other Current Assets (1,880.02) (763.10)Income Tax paid (1,042.14) (1,040.06)Other Current Liabilities 498.88 625.49Net Cash Inflow/(Outflow) from Operating Activities 3,620.32 3,482.22B. CASH INFLOW/(OUTFLOW) FROM INVESTMENT ACTIVITIESCapital Expenditure (6,483.19) (8,487.59)Sale Proceeds of Fixed Assets 81.59 380.69Dividend received 0.13 -Loans & Advances - -Miscellaneous Expenditure (161.05) (27.54)Interest Received 114.04 76.76(Increase)/Decrease in Investments (79.74) 27.29Share Application Money given (75.26) (4.78)Purchase of Goodwill 10.01 (1.11)Minority Interest -Net Cash Inflow/(Outflow) from Investing Activities (6,593.48) (8,036.28)(` in Crore)For the year ended31st March, 2012For the year ended31st March, 2011C. CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIESState Sales Tax Subsidy/Capital Reserve 38.92 115.80Issue of Equity Shares 3.84 11.32Proceeds from Long Term Borrowings 9,413.33 10,778.52Working Capital Borrowings from Banks 2,141.01 1,048.08Repayment/Adjustment of Borrowings (8,249.91) (6,290.22)Dividend Paid (including tax thereon) (192.48) (136.65)Interest Paid (496.48) (607.17)Net Cash Inflow/(Outflow) from Financing Activities 2,658.23 4,919.68NET CHANGES IN CASH & CASH EQUIVALENTS (A+B+C) (314.93) 365.62Cash & Cash equivalents (Opening Balance) 478.38 112.77Cash & Cash equivalents (Closing Balance)* 163.45 478.38* Includes other bank balances & non current assets (Note-15)Note:The figures have been regrouped/rearranged, wherever necessary, for comparison purposesIn terms of our report of even dateFor and on behalf of the BoardFor S.S. Kothari Mehta & Co.Chartered AccountantsArun K. Tulsian Naveen Jindal Anand Goel Sushil K MarooPartnerMembership No. 89907Chairman & Managing Director Joint Managing Director Director &Group Chief Financial OfficerPlace : New DelhiT. K. SadhuDated : 27th April, 2012Company Secretary