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• Annual Report 2018-19
Shaping the future of software driven business
For the year ended
March 31, 2019
In
`
Million
March 31, 2018
In
`
Million
Cash flow from operating activities
Profit before tax
4,383.76
4,552.16
Adjustments for:
Interest income
(288.82)
(191.60)
Finance cost
0.51
0.62
Dividend income
(392.26)
(259.73)
Depreciation and amortization expense
458.84
537.81
Amortization of lease premium
0.58
0.58
Unrealised exchange loss/ (gain) (net)
80.81
(177.50)
Exchange (gain) / loss on derivative contracts
20.51
76.73
Exchange (gain) / loss on translation of foreign currency cash and cash
equivalents
75.53
(111.75)
Donations in kind
1.40
0.16
Bad debts
23.55
157.62
Provision for doubtful debts (net)/ (Provision for doubtful debts written back) (net)
(6.99)
(146.42)
Employee stock compensation expenses
-
2.23
Provision for doubtful deposits and advances (net)
182.50
-
Remeasurements of the defined benefit liabilities / (asset) (before tax effects)
(49.83)
146.57
Advances written back
-
(17.56)
(Gain) / loss on fair valuation of mutual funds
76.95
18.92
(Profit) on sale of investments (net)
(366.09)
(186.84)
(Profit) on sale of fixed assets (net)
(3.77)
(2.47)
Operating profit before working capital changes
4,197.18
4,399.53
Movements in working capital :
(Increase)/ Decrease in non-current and current loans
0.16
0.70
(Increase)/Decrease in other non current assets
(2.29)
(3.18)
(Increase)/Decrease in other current financial assets
(864.55)
(156.58)
(Increase)/Decrease in other current assets
131.18
(853.41)
(Increase)/Decrease in trade receivables
875.95
1,477.87
Increase/(Decrease) in trade payables and current liabilities
202.29
(92.85)
Increase /(Decrease) in provisions
251.17
(92.33)
Operating profit after working capital changes
4,791.09
4,679.75
Direct taxes paid (net of refunds)
(1,394.77)
(1,119.68)
Net cash generated from / (used in) from operating activities
(A)
3,396.32
3,560.07
Cash flows from investing activities
Payment towards capital expenditure (including intangible assets)
(268.87)
(232.81)
Proceeds from sale of fixed assets
3.82
2.94
Share application money paid
(78.72)
-
Purchase of bonds
(1,175.31)
(595.43)
Proceeds from sale of bonds
199.43
-
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
(8,000.82)
(225.12)
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 (placed) / refunded
132.74
(429.37)
Interest received
341.93
124.91
Dividend received
392.26
259.73
Net cash generated from / (used in) investing activities
(B)
(1,466.42)
(2,860.20)
Cash flows from financing activities
(Repayment of) long term borrowings
(4.58)
(4.58)
Shares bought back
(571.41)
-
Dividend paid
(879.14)
(799.79)
Tax on dividend paid
(137.41)
(150.23)
Interest paid
(1.12)
(1.37)
Net cash generated from / (used in) financing activities
(C)
(1,593.66)
(955.97)
Cash Flow Statement for the year ended March 31, 2019