Consolidated Statement of Cash Flow

Deepak Nitrite Limited
Consolidated Cash Flow Statement for the year ended March 31, 2021
			₹ in Crores
		For the year ended March 31, 2021	For the year ended March 31, 2021
(A)	CASH FLOW FROM OPERATING ACTIVITIES
	Profit Before Tax	1,041.72	806.40
	Non-Cash Adjustment to Reconcile Profit Before Tax to Net Cash Flows
	1. Depreciation and Amortisation Expense	152.63	139.73
	2. Loss on Sale of Property, Plant and Equipment	1.86	6.33
	3. Provision/(Reversal) for Doubtful Debts	16.86	7.41
	4. Gain on Redemption of Investment	(1.36)	(0.33)
	5. Finance Costs	74.20	114.87
	6. Interest Income	(3.29)	(2.12)
	7. Dividend Income (Previous Year represents ₹ 878)	-	(0.00)
	8. Fair Value Gains	(0.02)	0.04
	9. Unrealised Foreign Exchange Loss/(Gain) net	(3.00)	0.03
	Operating Profit Before Change in Operating Assets and Liabilities	1,279.60	1,072.36
	Movements in Working Capital :
	1. (Increase)/Decrease in Inventories	11.82	16.18
	2. (Increase)/Decrease in Trade Receivables	(163.06)	(40.24)
	3. (Increase)/Decrease in Non Current Loans	0.27	0.29
	4. (Increase)/Decrease in Other Financial Assets	14.96	(2.88)
	5. (Increase)/Decrease in Other Assets	21.24	34.15
	6. Increase/(Decrease) in Trade Payables	70.36	(112.74)
	7. Increase/(Decrease) in Other Financial Liabilities	(2.15)	4.69
	8. Increase/(Decrease) in Other Liabilities	2.85	(11.26)
	9. Increase/(Decrease) in Provisions	(0.35)	2.59
	Cash Generated from Operations	1,235.54	963.14
	Less: Income tax paid (net of refund)	236.50	198.48
	Net Cash Inflow from Operating Activities (A)	999.04	764.66
(B)	CASH FLOW FROM INVESTING ACTIVITIES
	1. Purchase of Property, Plant and Equipment, including Capital Work-in-Progress, Capital Advances & Payable for Capital Expenditure	(207.03)	(398.39)
	2. Purchase of Intangible Assets	(2.53)	(19.04)
	3. Proceeds from Sale of Property, Plant and Equipment	0.96	1.43
	4. Purchase of Current Investments	(1,310.46)	(221.00)
	5. Proceeds from Redemption/Maturity of Current Investments	1,125.04	221.33
	6. Interest Received	3.29	2.12
	7. Dividend Received (Previous Year represents ₹ 878)	-	0.00
	8. Increase/(Decrease) in Liabilities related to Capital Assets	(5.43)	(14.37)
	Net Cash Outflow from Investing Activities (B)	(396.16)	(427.92)
(C)	CASH FLOW FROM FINANCING ACTIVITIES
	1. Proceeds from Non-Current Borrowings	48.13	24.76
	2. Repayment of Non-Current Borrowings	(324.49)	(125.37)
	3. Net Proceeds from Current Borrowings	(245.33)	(8.17)
	4. Interest paid	(73.57)	(113.42)
	5. Dividend paid on Equity Shares and Dividend Distribution Tax	(0.38)	(106.01)
	6. Margin Money Deposit	4.34	(5.59)
	7. Principal repayment of Lease Liability	(3.28)	(1.77)
	8. Interest cost of Lease	(1.55)	(1.99)
	Net Cash Outflow from Financing Activities (C)	(596.13)	(337.56)
	Net Increase/(Decrease) in Cash and Cash Equivalents (A+B+C)	6.75	(0.82)
	Cash and Cash Equivalents at the Beginning of the Financial Year	2.14	2.96
	Cash and Cash Equivalents at the End of the Financial Year	8.89	2.14
	Reconciliation of Cash and Cash Equivalents
	Balances with Banks:
	In Current Accounts	0.46	1.54
	In EEFC Accounts	1.56	0.46
	In Cash Credit Accounts	1.07	-
	Deposit with banks with maturity less than 3 months from the date of acquisition	5.75	-
	Cash on Hand	0.05	0.14
	Total Cash and Cash Equivalents as per note 13 A.	8.89	2.14

Notes:

1. The Cash Flow Statement has been prepared under the ‘Indirect Method’ set out in Ind AS 7 ‘Cash Flow Statement’.
2. Disclosure with regards to changes in liabilities arising from Financing activities as set out in Ind AS 7 ‘Cash Flow Statement’ is presented under note 42.7.
The accompanying Notes form an integral part of the Consolidated Financial Statements.