annual-report-FY2020

240 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Cash Flow Statement | for the year ended 31 st March 2020 Rupees crores 2020 2019 A. CASH FLOW FROM OPERATING ACTIVITIES: Profit before exceptional items and tax.............................................................................................................. 5,130.01 6,354.74 Adjustments for:  Depreciation, amortisation and impairment expense..................................................................................... 2,222.63 1,860.40  Loss/(gain) on foreign exchange fluctuations (net)......................................................................................... 16.48 (28.61)  Dividend on investment and interest income.................................................................................................. (1,432.71) (1,318.44)  Net gain/(loss) arising on financial assets measured at fair value................................................................. 152.66 (115.84)  Finance costs....................................................................................................................................................... 113.23 113.39  Share based payment expenses......................................................................................................................... 114.50 89.20  Gain on sale of current investments (net)........................................................................................................ (156.73) (87.55)  Profit on property, plant and equipment sold/scrapped/written off (net).................................................... (73.90) (3.30) Operating profit before working capital changes.............................................................................................. 6,086.17 6,863.99 Changes in:  Trade and other receivables.............................................................................................................................. 2,055.93 (660.74)  Inventories........................................................................................................................................................... 438.36 (1,137.58)  Trade and other payables and provisions........................................................................................................ (3,820.29) 1,292.34 (1,326.00) (505.98) Cash generated from operations.......................................................................................................................... 4,760.17 6,358.01 Income taxes paid (net of refunds)...................................................................................................................... (1,082.34) (1,434.14) NET CASH FLOW FROM OPERATING ACTIVITIES (A) ........................................................................................... 3,677.83 4,923.87 B. CASH FLOW FROM INVESTING ACTIVITIES: Payments to acquire property, plant and equipment and intangible assets.................................................... (3,991.93) (3,082.14) Proceeds from sale of property, plant and equipment and intangible assets................................................. 48.26 50.54 Payments to acquire non-current investments – subsidiaries............................................................................. (2,107.57) (2,558.96) Payments to acquire non-current investments – associates............................................................................... (24.68) (34.45) Payments to acquire non-current investments – joint ventures........................................................................ (142.88) (198.72) Payments to acquire other non-current investments.......................................................................................... (33.46) (2.04) Payments to acquire current investments............................................................................................................ (1,11,727.63) (1,44,592.65) Proceeds from sale of current investments.......................................................................................................... 1,12,756.38 1,45,592.59 Share application money paid.............................................................................................................................. (23.86) — Bank deposits placed............................................................................................................................................. (2,235.57) (1,733.25) Bank deposits matured.......................................................................................................................................... 1,774.15 1,714.95 Interest received..................................................................................................................................................... 355.60 317.15 Dividends received................................................................................................................................................. 1,007.35 889.27 Inter-corporate deposits given.............................................................................................................................. (804.06) (1,010.00) Inter-corporate deposits refunded........................................................................................................................ 885.61 1,324.50 Exceptional Items: Proceeds from sale of non current investments in subsidiaries, associate, joint ventures and capital receipt from M&M Benefit Trust.................................................................................................................. 1,688.57 774.50 NET CASH FLOW FROM INVESTING ACTIVITIES (B) ............................................................................................ (2,575.72) (2,548.71)