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• Annual Report 2018-19
Shaping the future of software driven business
For the year ended
March 31, 2019
March 31, 2018
In
`
Million
In
`
Million
Cash flows from operating activities
Profit before tax
4,863.39
4,292.61
Adjustments for:
Interest income
(287.72)
(161.54)
Discount allowed
76.92
11.78
Finance costs
3.05
0.79
Dividend income
(180.77)
(171.25)
Depreciation and amortization expense
1,572.51
1,584.87
Amortization of lease premium
0.58
0.58
Unrealised exchange loss / (gain) (net)
106.54
(123.74)
Change in foreign currency translation reserve
(86.85)
(28.46)
Exchange loss / (gain) on derivative contracts
20.51
76.73
Exchange (gain) / loss on translation of foreign currency cash and cash
equivalents
71.36
(100.66)
Donations in kind
1.40
0.16
Bad debts
71.18
183.97
Provision for doubtful receivables (net)
(4.89)
(151.38)
Employee stock compensation expenses
-
3.80
Provision for diminution in value of non current investments
182.50
26.96
Provision for diminution in value of investments
13.98
-
Remeasurements of the defined benefit liabilities / (asset) (before tax effects)
(70.36)
148.47
Excess provision in respect of earlier years written back
(33.89)
(18.19)
Advances written back
-
(23.76)
(Gain) / loss on fair valuation of assets designated as at FVTPL
68.92
18.92
(Profit) / loss on sale of investments (net)
(366.09)
(186.84)
(Profit) / loss on sale of fixed assets (net)
(4.02)
(2.40)
Operating profit before working capital changes
6,018.25
5,381.42
Movements in working capital :
(Increase) / Decrease in non-current and current loans
(5.55)
(1.31)
(Increase) / Decrease in other non current assets
(1.68)
(3.42)
(Increase) / Decrease in other current financial assets
(135.26)
72.03
(Increase) / Decrease in other current assets
175.62
(696.30)
(Increase) / Decrease in trade receivables
(322.95)
145.39
Increase / (Decrease) in trade payables and current liabilities
(180.13)
305.93
Increase / (Decrease) in provisions
179.91
222.03
Operating profit after working capital changes
5,728.21
5,425.77
Direct taxes paid (net of refunds)
(1,405.07)
(1,213.84)
Net cash generated from operating activities
(A)
4,323.14
4,211.93
Cash flows from investing activities
Payment towards capital expenditure (including intangible assets)
(379.06)
(654.56)
Proceeds from sale of fixed assets
5.04
3.12
Acquisition of step-down subsidiary net of cash of
`
0.35 million
(Previous year
`
169.22 million)
(148.17)
(408.35)
Purchase of bonds
(1,175.31)
(595.43)
Proceeds from sale of bonds
199.43
-
Purchase of non-current investments
(144.96)
-
Investments in mutual funds
(22,418.13)
(15,502.22)
Proceeds from sale / maturity of mutual funds
25,010.64
14,290.26
Investments in bank deposits having original maturity over three months
(8,094.22)
(326.06)
Investments in Deposit with financial institutions
(300.00)
(595.35)
Maturity of bank deposits having original maturity over three months
4,044.26
42.26
Maturity of deposit with financial institutions
650.35
-
Inter corporate deposits refunded
-
0.18
Non current loans placed
(16.96)
-
Interest received
327.33
101.00
Dividends received
180.77
171.25
Net cash generated from / (used in) investing activities
(B)
(2,258.99)
(3,473.90)
Cash flows from financing activities
(Repayment of) long term borrowings
(4.58)
(4.58)
Shares bought back
(571.41)
-
Interest paid
(3.66)
(1.54)
Dividends paid
(879.14)
(799.79)
Tax on dividend paid
(137.41)
(150.23)
Net cash generated / (used in) financing activities
(C )
(1,596.20)
(956.14)
Consolidated Cash Flow Statement for the year ended March 31, 2019