(Rupees in Millions)
Strides Arcolab Limited - Annual Report 2007
A. Cash flow from Operating Activities
Net Profit / (Loss) before tax
(1,180.26)
417.46
Adjustments for:
Add:Depreciation and amortisation
188.88
164.07
Provision for doubtful debts
2.57
10.91
Loss on sale of investments
95.30
-
Impairment in Long term investments
815.32
-
Impairment in Brands & Registrations
13.24
-
Loss on sale of assets
3.27
1.09
Interest Expenses
454.96
273.59
Exchange loss (net)
-
27.08
Compensation under ESOP Scheme
4.73
-
Less:Dividend received
23.00
-
Unrealised Exchange gain (net)
40.94
-
Interest received
137.21
74.71
Operating profit before working capital changes
196.86
819.49
Changes in working capital
(Increase) / Decrease in Trade and other receivables
(364.52)
(1,270.68)
(Increase) / Decrease in Inventories
(83.76)
(135.52)
Increase / (Decrease) in Trade and other payables
831.48
485.01
(Increase) / Decrease in Margin money
(17.94)
(8.23)
Net change in working capital
365.26
(929.42)
Cash generated from operations
562.12
(109.93)
Direct taxes paid
(31.95)
(58.23)
Net cash from Operating Activities
A
530.17
(168.16)
B.
Cash flow from Investing Activities
Purchase of fixed assets / CWIP
(657.40)
(447.93)
Investment in subsidiaries / Joint Ventures
(5,983.80)
(192.76)
Sale of Long term Investments
55.20
-
Sale of fixed assets
2.53
1.76
Dividend / Interest received
160.21
74.71
Net cash used in Investing Activities
B
(6,423.26)
(564.22)
C.
Cash flow from Financing Activities
Proceeds from issue / (Repayment) of Share / Warrants (Net)
(111.60)
318.58
Proceeds from Foreign Currency Convertible Bonds
3,998.70
-
Proceeds from 5% Fully Convertible Debentures
2,018.29
-
Proceeds from long term borrowings
591.00
350.55
Proceeds from / (Repayment of) short term borrowings
1,183.28
186.56
Repayment of long term borrowings
(233.30)
(372.53)
Equity Dividend paid
(69.10)
(69.15)
Tax paid on dividends
(16.02)
(11.98)
Interest paid on borrowings
(425.45)
(282.32)
Net cash generated from Financing Activities
C
6,9