REC- 1-51.p65 - Rural Electrification Corporation Ltd.
REC- 1-51.p65 - Rural Electrification Corporation Ltd.
REC- 1-51.p65 - Rural Electrification Corporation Ltd.
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CONSOLIDATED<br />
CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 ST MARCH 2010<br />
PARTICULARS<br />
A. Cash Flow from Operating Activities :<br />
Year ended 31.03.2010<br />
(Rs. in Lacs)<br />
Year ended 31.03.2009<br />
Net Profit before Tax<br />
Adjustments for:<br />
2,68,076.18 1,92,233.49<br />
1. Profit / Loss on Sale of Fixed Assets -1.67 -1.03<br />
2. Depreciation 217.75 137.07<br />
3. Provision for fall in value of investments - 105.34<br />
4. Provision for Bad & doubtful debts 22.18 237.05<br />
5. Excess Provision written back -107.51 -0.37<br />
6. Profit on sale/income of investment in units of “small is Beautiful Fund” -67.11 -11.02<br />
7. Gain on Exchange Rate fluctuation - -1,142.17<br />
8. Dividend from Subsidiary Co.- <strong>REC</strong> PDCL -5.00 -<br />
9. Dividend and Dividend tax paid in excess of provision 0.90 -<br />
10. Preliminary Expenses written off 0.13 11.68<br />
Operating profit before working Capital Charges :<br />
Increase / Decrease :<br />
2,68,135.85 1,91,570.04<br />
1. Loans -15,07,138.98 -12,06,730.45<br />
2. Sundry Debtors -4,356.78 -110.71<br />
3. Other Current Assets -12,090.02 4,072.68<br />
4.Other Loans & Advances 1,72,022.06 -4,480.45<br />
5. Current Liabilities & Provisions -1,18,146.39 64,336.37<br />
Cash outflow from Operations -12,01,574.26 -9,51,342.52<br />
1. Advance Income Tax Paid -68,544.87 -48,211.25<br />
2. Income Tax refund 2,049.58<br />
3. Wealth Tax paid -36.65 -2.15<br />
4. Fringe Benefit tax paid - -132.62<br />
Net Cash used in Operating Activities<br />
B. Cash Flow from Investing Activities<br />
-12,68,106.20 -9,99,688.54<br />
1. Sale of Fixed Assets 9.10 13.40<br />
2. Purchase of Fixed Assets ( incl. Advance for Capital exp.) -1,368.74 -664.46<br />
3. Redemption of 8% Government of Madhya Pradesh Power Bonds-II 9,432.00 14,148.00<br />
4.Investments in units of “Small is Beautiful” Fund 238.50 -<br />
5.Income on Investments in units of “Small is Beautiful” Fund 67.11 11.02<br />
6.Investment in Shares of EESL -62.50 -<br />
7.Preliminary Expenses -0.41 -<br />
8.Dividend from <strong>REC</strong> Power Distribution Company Limited 5.00 -<br />
Net Cash used in investing Activities<br />
C. Cash Flow from Financial Activities<br />
8,320.06 13,507.96<br />
1. Issue of Bonds 16,59,115.39 13,80,733.12<br />
2. Redemption of Bonds -8,36,162.65 -5,26,546.00<br />
3. Raising of Term Loans/STL from Banks/Fis (Net) 1,06,037.86 38,825.00<br />
4. Raising of Foreign Currency Loan 58,269.18 45,665.12<br />
5. Grants received from GOI ( Net of refund) 5,01,976.13 5,44,621.74<br />
6. Disbursement of grants -6,00,367.03 -5,11,410.03<br />
7. Repayment of Govt. Loan -1,532.64 -1,718.00<br />
8. Final Dividend paid -21,467.27 -25,759.80<br />
9. Corporate Dividend Tax paid on Final Dividend -3,648.36 -4,377.88<br />
10. Issue of Shares 12,879.90 -<br />
11. Security Premium on issue of Shares 2,49,918.17<br />
12. Issue of Commercial Paper 3,15,000.00 1,29,500.00<br />
13. Repayment of Commercial Paper -1,99,500.00<br />
14. Interim Dividend paid -25,759.80 -17,173.20<br />
15. Corporate Dividend Tax paid on Interim Dividend -4,377.03 -2,918.58<br />
Net Cash in-flow from Financing Activities 12,10,381.85 10,49,441.49<br />
Net Increase/Decrease in Cash & Cash Equivalents -49,404.29 63,260.91<br />
Cash & Cash Equivalents as at 1st April, 2009 1,88,827.09 1,25,566.18<br />
Cash & Cash Equivalents as at 31st March, 2010 1,39,422.80 1,88,827.09<br />
Net Increase/Decrease in Cash & Cash Equivalents -49,404.29 63,260.91<br />
Note : Previous years figures have been rearranged and regrouped wherever necessary.<br />
In terms of our Report of even date<br />
For K.G.Somani & Co. For Bansal & Co. For and on behalf of the Board<br />
Chartered Accountants Chartered Accountants<br />
Bhuvnesh Maheshwari D.S.Rawat B.R. Raghunandan H.D.Khunteta P. Uma Shankar<br />
Partner Partner Company Secretary Director (Finance) Chairman & Managing Director<br />
M.No. : 88155 M.No. : 83030<br />
Firm Reg. No.: 006591N<br />
Place: New Delhi<br />
Date: 19<br />
Firm Reg. No.: 001113N<br />
th May, 2010<br />
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