annual-report-FY2021

232 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 2021 Rupees crores 2021 2020 A. CASH FLOW FROM OPERATING ACTIVITIES: Profit before exceptional items and tax.............................................................................................................. 5,123.55 5,130.01 Adjustments for: Depreciation, amortisation and impairment expense..................................................................................... 2,232.99 2,222.63 Loss/(Gain) on foreign exchange fluctuations (net). ....................................................................................... (30.28) 0.12 Dividend on investment and interest income.................................................................................................. (973.29) (1,432.71) Loss/(Gain) arising on financial assets/liabilities measured at Fair Value through profit or loss (net)....... (132.47) (4.07) Finance costs. ...................................................................................................................................................... 370.88 113.23 Share based payment expenses......................................................................................................................... 92.61 114.50 Loss/(Gain) on property, plant and equipment sold/scrapped/written off (net) .......................................... 0.47 (73.90) Operating profit before working capital changes.............................................................................................. 6,684.46 6,069.81 Changes in: Trade and other receivables. ............................................................................................................................. 250.25 2,051.63 Inventories........................................................................................................................................................... (554.56) 438.36 Trade and other payables and provisions. ....................................................................................................... 3,804.38 (3,799.63) 3,500.07 (1,309.64) Cash generated from operations.......................................................................................................................... 10,184.53 4,760.17 Income taxes paid (net of refunds)...................................................................................................................... (1,064.64) (1,082.34) NET CASH FLOW FROM OPERATING ACTIVITIES (A) ........................................................................................... 9,119.89 3,677.83 B. CASH FLOW FROM INVESTING ACTIVITIES: Payments to acquire property, plant and equipment and intangible assets.................................................... (2,838.63) (3,991.93) Proceeds from sale of property, plant and equipment and intangible assets. ................................................ 73.36 48.26 Payments to acquire non-current investments – subsidiaries............................................................................. (4,303.99) (2,107.57) Payments to acquire non-current investments – associates. .............................................................................. (68.29) (24.68) Payments to acquire non-current investments – joint ventures. ....................................................................... (257.38) (142.88) Payments to acquire other non-current investments.......................................................................................... (37.21) (33.46) Payments to acquire current investments............................................................................................................ (78,621.94) (111,727.63) Proceeds from sale of current investments.......................................................................................................... 76,487.62 112,756.38 Share application money paid. ............................................................................................................................. — (23.86) Changes in earmarked balances and margin accounts with banks . ................................................................ (30.58) (0.05) Bank deposits placed. ............................................................................................................................................ (6,340.53) (2,235.52) Bank deposits matured.......................................................................................................................................... 2,809.87 1,774.15 Interest received..................................................................................................................................................... 308.60 355.60 Dividends received. ................................................................................................................................................ 550.77 1,007.35 Loans/Inter-corporate deposits given .................................................................................................................. (2,725.98) (804.06) Loans/Inter-corporate deposits refunded ............................................................................................................ 430.50 885.61 Exceptional Items: Proceeds from sale of non current investments in subsidiaries, associates, joint ventures and capital receipt from M&M Benefit Trust ................................................................................................................. — 1,688.57 NET CASH FLOW USED IN INVESTING ACTIVITIES (B) ......................................................................................... (14,563.81) (2,575.72)