Statement of Cash Flow

Deepak Nitrite Limited
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 Tax478.61706.03
Non-cash adjustment to reconcile Profit Before Tax to net Cash Flows
1. Depreciation and Amortisation Expense66.8877.93
2. Loss on Sale of Property, Plant and Equipment0.696.32
3. Provision/(Reversal) for Doubtful Debts(4.31)7.82
4. Provision/(Reversal) for Inventory Obsolescence(1.62)0.45
5. Bad Debts (net of recovery)(0.80)0.86
6. Gain on Redemption of Investment(0.93)(0.33)
7. Finance Costs4.1220.32
8. Interest Income(0.59)(0.58)
9. Dividend Income (Previous Year represents ₹ 878)-(0.00)
10. Fair Value (Gains)/Loss(0.02)0.04
11. Unrealised Foreign Exchange Loss/(Gain) net(2.74)0.18
Operating Profit Before Change in Operating Assets and Liabilities539.29819.04
Movements in Working Capital :
1. (Increase)/Decrease in Inventories24.97(1.03)
2. (Increase)/Decrease in Trade Receivables12.87(28.63)
3. (Increase)/Decrease in Non-Current Loans0.270.30
4. (Increase)/Decrease in Other Financial Assets5.39(0.87)
5. (Increase)/Decrease in Other Assets0.83(3.94)
6. Increase/(Decrease) in Trade Payables(19.78)(86.89)
7. Increase/(Decrease) in Other Financial Liabilities(2.33)5.69
8. Increase/(Decrease) in Other Liabilities1.78(0.18)
9. Increase/(Decrease) in Provisions(0.86)2.11
Cash Generated from Operations562.43705.60
Less: Income Tax paid (net of refund)120.48190.39
Net Cash Inflow from Operating Activities (A)441.95515.21
(B)CASH FLOW FROM INVESTING ACTIVITIES
1. Purchase of Property, Plant and Equipment, including Capital Work-in-Progress, Capital Advances & Payable for Capital Expenditure(102.12)(269.67)
2. Purchase of Intangible assets(0.43)(0.21)
3. Proceeds from Sale of Property, Plant and Equipment0.911.22
4. Investment in Subsidiaries(0.05)-
5. Purchase of Current Investments(295.99)(221.00)
6. Proceeds from Redemption/Maturity of Current Investments171.34221.33
7. Interest received0.590.58
8. Dividend received (Previous Year represents ₹ 878)-0.00
Net Cash Outflow from Investing Activities (B)(225.75)(267.75)
(C)CASH FLOW FROM FINANCING ACTIVITIES
1. Repayment of Non-Current Borrowings(30.00)(113.19)
2. Net Proceeds from Current Borrowings(177.55)(8.40)
3. Interest paid(3.67)(19.86)
4. Dividend paid on Equity Shares and Dividend Distribution Tax(0.38)(106.01)
5. Margin Money Deposit(0.13)2.01
6. Principal repayment of Lease Liability(2.47)(1.41)
7. Interest cost of Lease(1.04)(1.31)
Net Cash Outflow from Financing Activities (C)(215.24)(248.17)
Net Increase/(Decrease) in Cash and Cash Equivalents (A+B+C)0.96(0.71)
Cash and Cash Equivalents at the Beginning of the Financial Year2.102.81
Cash and Cash Equivalents at the end of the Financial Year3.062.10
Reconciliation of Cash and Cash Equivalents
Balances with Banks:
In Current Accounts0.381.50
In EEFC Accounts1.560.46
In Cash Credit Accounts1.07-
Cash on Hand0.050.14
Total Cash and Cash Equivalents as per note 12.3.062.10
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 40.7.
The accompanying Notes form an integral part of the Financial Statements.
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