Annual Report 2016-17

170

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Annual Report 2016-17

For the year ended

March 31,2017

Million

March 31,2016

Million

Cash pow from operating activities

Proot before tax

4,006.73

3,696.91

Adjustments for:

Interest income

(144.69)

(148.43)

Finance costs

0.91

0.92

Dividend income

(188.98)

(226.50)

Depreciation and amortization expense

1,490.17

990.13

Amortization of lease premium

0.58

0.52

Unrealised exchange loss/ (gain) (net)

87.70

67.78

Change in foreign currency translation reserve

(66.92)

(37.06)

Exchange loss/ (gain) on derivative contracts

(69.55)

1.28

Exchange (gain) / loss on translation of foreign currency cash

and cash equivalents

(0.51)

(8.11)

Donations in kind

0.29

Bad debts

114.56

205.01

Provision for doubtful receivables (net)

25.64

(196.10)

Employee stock compensation expenses

59.53

34.48

Provision for doubtful deposits and advances

0.06

Provision for diminution in value of non current investments

8.39

Remeasurements of the deoned beneot liabilities / (asset)

(61.04)

222.67

Advances written off

29.55

Excess provision in respect of earlier years written back

(3.00)

(0.01)

(Gain)/ loss on fair valuation of mutual funds

(190.61)

14.16

(Proot) on sale of investments (net)

(94.14)

(228.06)

(Proot) on sale of oxed assets (net)

(1.68)

(9.29)

Operating proot before working capital changes

4,973.38

4,409.91

Movements in working capital :

(Increase) / Decrease in non-current and current loans

(50.29)

175.99

Decrease / (Increase) in other non current assets

5.23

(51.11)

(Increase) in other current onancial assets

(163.21)

(Increase) in other current assets

(52.07)

(1,204.54)

(Increase) in trade receivables

(688.47)

(644.66)

(Decrease) / Increase in trade payables and current liabilities

(302.05)

923.70

Increase / (Decrease) in provisions

189.17

(56.54)

Operating proot after working capital changes

3,911.69

3,552.75

Direct taxes paid (net of refunds)

(1,047.59)

(1,012.15)

Net cash generated from operating activities

(A)

2,864.10

2,540.60

Cash pows from investing activities

Payment towards capital expenditure (including intangible assets)

(2,175.74)

(1,659.35)

Proceeds from sale of oxed assets

6.67

11.94

Payment towards acquisition of subsidiaries

(307.01)

(net of bank balance acquired

37.47 million for the year ended March 31, 2016)

Purchase of tax free bonds

(514.17)

(243.26)

Proceeds from sale of tax free bonds

654.08

456.20

Purchase of non-current investments

(72.63)

Investments in mutual funds

(10,788.85)

(13,397.46)

Proceeds from sale / maturity of mutual funds

10,472.41

14,023.20

Proceeds from sale of other current investments

20.34

Investments in bank deposits having original maturity over three months

(9.69)

(522.73)

Investments in Deposit with onancial institutions

(135.00)

(300.00)

Maturity of bank deposits having original maturity over three months

400.00

Inter corporate deposits refunded

0.15

0.15

Interest received

81.81

202.36

Dividends received

188.98

226.50

Net cash (used in) investing activities

(B)

(2,219.35)

(1,161.75)

Consolidated Cash Flow Statement for the year ended March 31, 2017