67
(Figures for the previous year have been rearranged to conform with
the revised presentation)
CASH FLOW STATEMENT
Per our Report attached
For A. F. FERGUSON & Co.
Chartered Accountants
A. K. MAHINDRA
Partner
Kolkata, 30th May, 2001
On behalf of the Board
A. SINGH
Director
K. VAIDYANATH
Director
B. B. CHATTERJEE
Secretary
Auditors' Report
We have examined the attached Cash Flow Statement of I.T.C. Limited for the year ended 31st March, 2001. The statement has been prepared by the company
in accordance with the listing requirements of the Stock Exchanges in India and is based on and derived from the audited accounts of the company for the year ended
31st March, 2001.
For A. F. Ferguson & Co.
Chartered Accountants
A. K. Mahindra
Kolkata, 30th May, 2001
Partner
2001
2000
(Rs. in Lakhs)
(Rs. in Lakhs)
A. NET PROFIT BEFORE TAX
16,00,30
12,28,95
ADJUSTMENTS FOR :
Depreciation
1,39,94
1,18,53
Lease Rentals
18
Interest etc. Net
49,29
90,00
Income from Long Term Investments
(8,59)
(17,03)
Income from Current Investments
(4,76)
(7,09)
Fixed Assets Loss on Sale/Write off Net
3,68
6,56
Profit on Sale of Long Term Investment
(12,30)
Loss on Sale of Current Investments Net
2,45
Investment Written off
29
Unrealised (Gain)/Loss on Exchange Net
1,54
(4,46)
Liability no longer required written back
(28,45)
1,55,10
(1,52)
1,73,16
OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES
17,55,40
14,02,11
ADJUSTMENTS FOR :
Trade and Other Receivables
(65,53)
17,68
Inventories
(2,12,17)
(16,41)
Trade Payables
1,60,76
(1,16,94)
1,61,68
1,62,95
CASH GENERATED FROM OPERATIONS
16,38,46
15,65,06
Income Tax Paid
(6,47,45)
(4,86,65)
NET CASH FROM OPERATING ACTIVITIES
9,91,01
10,78,41
B. CASH FLOW FROM INVESTING ACTIVITIES :
Purchase of Fixed Assets
(4,64,39)
(4,70,27)
Sale of Fixed Assets
14,72
62
Purchase of Current Investments
(12,27,94)
(4,88,82)
Sale/Redemption of Current Investments
12,30,25
4,95,91
Purchase of Long Term Investments
(19,72)
(27,15)
Sale of Long Term Investments
4
1,11,65
Income from Long Term Investments Rece