|
|
2000 |
1999 |
|
Rs.000s |
CASH FLOW FROM OPERATING ACTIVITIES |
|
|
|
|
|
Profit before taxation |
625,801 |
181,766 |
|
|
|
Adjustments for: |
|
|
Depreciation |
179,515 |
150,511 |
Staff gratuity |
6,255 |
5,178 |
Financial charges |
258,672 |
251,777 |
Provision for slow moving/obsolete stores and spares |
4,647 |
- |
Provision for doubtful debts |
5,634 |
- |
Long term investment written off |
50 |
- |
Profit on sale of operating assets |
(1,891) |
(2,204) |
Interest income |
(56,112) |
(8,619) |
|
|
|
|
1,022,571 |
578,409 |
|
|
|
Changes in working capital: |
|
|
(Increase)/decrease in current assets |
|
|
Stores and spares |
9,871 |
(17,489) |
Stock-in-trade |
123,268 |
218,292 |
Trade debts |
(63,654) |
(233,676) |
Loans, advances, prepayments and other receivables |
(5,716) |
1,742 |
|
63,769 |
(31,131) |
Increase in current liabilites |
|
|
Creditors, accrued and other liabilities |
124,318 |
59,472 |
|
188,087 |
28,341 |
|
|
|
Cash generated from operations |
1,210,658 |
606,750 |
|
|
|
Payments for : |
|
|
Staff gratuity |
(5,934) |
(3,249) |
Financial charges |
(284,314) |
(264,797) |
Income tax |
(29,126) |
(35,886) |
Long term loans and advances |
(5,080) |
(674) |
|
|
|
Net cash generated from operating activities |
886,204 |
302,144 |
|
|
|
|
|
|
CASH FLOW FROM INVESTING ACTIVITIES |
|
|
|
|
|
Capital expenditure |
(372,002) |
(198,858) |
Sale proceeds of operating assets |
18,616 |
5,960 |
Interest received |
49,558 |
7,704 |
Long term deposits |
(436) |
91,257 |
|
|
|
Net cash used in investing activities |
(304,264) |
(93,937) |
|
|
|
|
|
|
|
2000 |
1999
|
|
Rs.000s |
CASH FLOW FROM FINANCING ACTIVITIES |
|
|
|
|
|
Short term loans |
125,629 |
- |
Redemption of redeemable capital |
(31,190) |
(27,734) |
Long term borrowings |
200,000 |
57,240 |
Long term borrowings - repayments |
(280,551) |
(280,855) |
Dividends paid |
(75,367) |
(50,095) |
Net cash used in financing activities |
(61,479) |
(301,444) |
|
|
|
Net increase/(decrease) in cash and cash equivalents |
520,461 |
(93,237) |
|
|
|
Cash and cash equivalents - at the beginning of the year |
(1,113,208) |
(1,019,971) |
- transferred on merger |
(299,191) |
- |
|
(1,412,399) |
(1,019,971) |
|
|
|
Cash and cash equivalents - at the end of the year |
(891,938) |
(1,113,208) |
|
|
|
|
|
|
CASH AND CASH EQUIVALENTS |
|
|
Cash and cash equivalents include: |
|
|
Short term investment |
537,821 |
430,264 |
Cash and bank balances |
107,462 |
1,705 |
Short term running finance |
(1,537,221) |
(1,545,177) |
|
|
|
|
(891,938) |
(1,113,208) |
|
|
|
|
