annual-report-FY2020

304 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Rupees crores 2020 2019 C. CASH FLOW FROM FINANCING ACTIVITIES : Proceeds from sale of shares by M&M Benefit Trust.......................................................................................... 1,242.51 — Proceeds from issue of shares to employees by ESOP trust............................................................................... 0.53 1.00 Proceeds from borrowings.................................................................................................................................... 52,617.59 71,389.41 Repayments of borrowings and lease liabilities.................................................................................................. (43,838.52) (56,573.82) Net change in loans repayable on demand and cash credit ............................................................................ (628.14) 221.82 Dividends paid (including dividend distribution tax paid thereon).................................................................. (1,135.09) (937.46) Dividend paid to non-controlling interests (including dividend distribution tax paid thereon).................... (262.93) (196.06) Transactions with non-controlling interest.......................................................................................................... (303.57) 11.98 Interest,commitment and finance charges paid (excluding financial services business). ................................ (759.63) (723.24) Net cash from financing activities ........................................................................................................................ 6,932.75 13,193.63 Net (decrease)/ increase in cash and cash equivalents ...................................................................................... (1,419.01) 1,678.17 Cash and cash equivalents at the beginning of the year................................................................................... 6,139.00 4,466.63 Unrealised gain/(loss) on foreign currency cash and cash equivalents. ............................................................ 25.04 (5.80) Cash and cash equivalents at the end of the year ............................................................................................ 4,745.03 6,139.00 Notes to the Consolidated Cash Flow Statements for the year ended 31 st March, 2020. The above Cash Flow Statement has been prepared under the ‘indirect method’ as set out in Ind AS 7 - Statement of Cash Flow. The accompanying notes 1 to 44 are an integral part of the Consolidated Financial Statements Cash Flow Statement (contd.) Nadir B. Godrej M. M. Murugappan Dr. Vishakha N. Desai Vikram Singh Mehta T. N. Manoharan Vijay Kumar Sharma Haigreve Khaitan Shikha Sharma CP Gurnani } Directors In terms of our report attached. For B S R & Co. LLP Chartered Accountants Firm’s Registration No : 101248W/W-100022 Jamil Khatri Partner Membership No : 102527 Mumbai, 12 th June, 2020 Anand G. Mahindra Executive Chairman Dr. Pawan Goenka Managing Director and CEO Dr. Anish Shah Deputy Managing Director and Group CFO Rajesh Jejurikar Executive Director (Auto and Farm Sectors) Narayan Shankar Company Secretary Mumbai, 12 th June, 2020