Cash Flow Statement for ITC

PROFIT BEFORE TAX = 8897.53

ADJUSTMENTS FOR : Depreciation and Amortisation Expense = Finance costs = Interest Income = Dividend Income from Long Term Investments = Dividend Income from Current Investments = Loss on Sale of Fixed Assets - Net = Net gain on sale of Current Investments Gain on sale of Long Term Investments = Doubtful and Bad Debts = Doubtful and Bad Advances, Loans and Deposits = Excess of Carrying Cost over Fair Value of Current Investments Net = Excess of Cost of Current Investments over Fair Value, reversed - Net = Foreign Currency translation and transactions - Net = Doubtful Debts, Claims and Advances - previous years (Included in Note 20) = Liability no longer required written back (Included in Note 20) = NET = OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES =

698.51 77.92 (-309.41) (-100.51) (-198.40) 11.62 (-76.04) (-137.25) 9.63 2.46 5.74 (-12.42) (1.48) (47.55) 77.18 8820.35

PARTICULARS A. CASH FROM OPERATING ACTIVITIES Net profit before tax and extraordinary items Depreciation Operating profit before the working capital change Increase in trade receivables Increase in other assets Increase in loans and advances Increase in inventories

INFLOW

OUTFLOW

NET BALANCE

8897.53

77.18 8820.35

100.92 43.63 254.64

368.66

Increase in trade payables

Increase in other liabilities and provision Income tax paid NET CASH FROM OPERATING ACTIVITIES

29.53
251.53

2317.97 6015.59

B. CASH FLOW FROM INVESTING ACTIVITIES Purchase of fixed assets Purchase of current investments Purchase of long term investments Trade investments Loans given Sale of fixed asset 55.93 2303.56 49434.60

297.16

120.18 410.73

Sale of current investment

Sale of long term investment Dividend received Interest received Loans realized NET CASH FROM INVESTING ACTIVITIES

49150.72
164.61 298.91 283.72 402.15 -(2210.19)

C. CASH FLOW FROM FINANCING ACTIVITIES Share capital 764.99 Dividend paid Income tax on dividend paid Long term borrowings 0.77 Net increase in cash/export credit facilities Repayment of long term borrowings Interest paid Net increase in statutory 16.83 restricted accounts balances NET CASH FROM FINANCING ACTIVITIES NET INCREASE IN CASH FLOW FROM OPERATING, INVESTING and FINANCING ACTIVITIES

3443.47 558.03

0.17 10.68 16.79

-(3246.55) 558.85

OPENING CASH AND CASH EQUIVALENTS = 2178.92 CLOSING CASH AND CASH EQUIVALENTS = 2737.77 NET INCREASE IN CASH AND CASH EQUIVALENTS = 558.85

Cash Flow Statement for GODREJ

Adjustment: Non cash items Depreciation and amortization expenses = Unrealized foreign exchange loss = Bad debts written off = Provision for doubtful debts /advances = Write in of Old Balances = Other Income Outstanding = Expenses on ESGS = Interest Expense = (Profit) / Loss on Sale of Fixed Assets (Net) = Interest Income = Dividend Income = 25.83 5.89 0.98 (-1.11) (-0.63) 11.93 1.39 13.39 0.92 (-33.45) (-19.38) Net = 5.76

PARTICULARS A. CASH FROM OPERATING ACTIVITIES Net profit before tax and extraordinary items Non - cash items including depreciation OPERATING ACTIVITY Increase in inventories Decrease in trade receivables Increase in loans and advances Increase in other assets Increase in liabilities and provisions Income tax paid Exceptional items termination compensation NET CASH FROM OPERATING ACTIVITIES

INFLOW

OUTFLOW

NET BALANCE

578.11 5.76

583.87
126.68 6.77 80.80 0.29 276.25 75.25 152.43 180.95 687.64

B. CASH FLOW FROM INVESTING ACTIVITIES

Purchase of fixed assets Sale of fixed asset Investments in subsidiaries Dividend received Investments in fixed deposits Interest received Investment expenses to be capitalized 19.38 0.80

36.53

870.51

166.74 30.94 0.78

Loans to ESOP Trust NET CASH FROM INVESTING ACTIVITIES

17.05 (-1006.39)

C. CASH FLOW FROM FINANCING ACTIVITIES Share capital Issue of debentures Redemption of debentures including Premium paid Repayment of bank borrowing

684.71 224.18
219.93 0.77 59.50

Repayment of Sales Tax Deferral Loan Cash credits Interest paid Dividend paid Dividend tax paid NET CASH FROM FINANCING ACTIVITIES NET INCREASE IN CASH FLOW FROM OPERATING, INVESTING and FINANCING ACTIVITIES

0.15
7.56 13.60 145.62 23.62

438.91

120.16

Net Increase / (Decrease) in Cash and Cash Equivalents = 120.16 Cash and Cash Equivalents: As at the beginning = 70.15 Acquired Pursuant to the Scheme of Amalgamation = 1.66 As at the ending = 191.97 Net Increase / (Decrease) in Cash and Cash Equivalents = 120.16