annual-report-FY2021

300 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Consolidated Cash Flow Statement | for the year ended 31 st March, 2021 Rupees crores 2021 2020 A. CASH FLOW FROM OPERATING ACTIVITIES : Profit/(Loss) before exceptional items and taxation from Continuing operations ......................................... 5,229.33 4,832.43 Profit/(Loss) before taxation from discontinued operations ............................................................................. (2,189.53) (3,033.82) 3,039.80 1,798.61 Adjustments for : Depreciation, amortisation and impairment expense..................................................................................... 4,398.89 4,976.29 Loss/(Gain) on foreign exchange fluctuation (net).......................................................................................... 63.35 202.94 Gain due to change in lease arrangements .................................................................................................... (44.21) — Dividend on investments and interest income [excluding Rs. 11,757.30 crores (2020: Rs. 11,525.88 crores) in respect of financial services business] ......................................................................................................... (465.79) (530.38) Interest, commitment and finance charges [excluding Rs. 5,265.45 crores (2020: Rs. 5,349.32 crores) in respect of financial services business] .............................................................................................................. 873.71 715.33 Equity-settled share-based payment expenses................................................................................................. 132.84 174.47 Net gain on financial instruments measured at fair value............................................................................. (380.99) (296.49) (Gain)/Loss on property, plant and equipment sold/scrapped/written off (net)........................................... (11.01) (53.96) Items related to discontinued operations and gain on loss of control ........................................................ (18.87) 787.31 4,547.92 5,975.51 Operating Profit before working capital changes.............................................................................................. 7,587.72 7,774.12 Changes in : Trade and other receivables. ............................................................................................................................. (891.48) 2,409.01 Financial services receivable............................................................................................................................... 5,787.59 (3,924.73) Inventories........................................................................................................................................................... 225.74 1,316.36 Trade and other payables and provisions. ....................................................................................................... 7,049.34 (6,775.09) 12,171.19 (6,974.45) Cash generated from/(used in) operations.......................................................................................................... 19,758.91 799.67 Income taxes paid (net of refunds)...................................................................................................................... (1,850.08) (2,256.60) Net cash from / (used in) operating activities .................................................................................................... 17,908.83 (1,456.93) B. CASH FLOW FROM INVESTING ACTIVITIES : Payment to acquire property, plant & equipment and other intangible assets ............................................. (5,989.49) (6,896.02) Proceeds from sale of property, plant & equipment and other intangible assets .......................................... 1,364.15 101.90 Payment to acquire investments . ........................................................................................................................ (1,56,289.44) (1,98,567.80) Proceeds from sale of investments ...................................................................................................................... 1,47,983.68 1,98,131.58 Interest received (excluding financial services business) . .................................................................................. 431.11 372.38 Dividends received from joint ventures and associates ..................................................................................... 571.89 695.76 Proceeds from buy-back of shares by associate ................................................................................................. — 446.31 Dividends received from others ........................................................................................................................... 4.68 26.28 Bank deposits placed ............................................................................................................................................ (10,752.08) (3,341.68) Bank deposits matured ......................................................................................................................................... 4,533.02 2,583.41 Net change in earmarked and margin account ................................................................................................. 0.87 (150.53) Inter corporate deposits placed ........................................................................................................................... (569.40) (608.00)