Statement_Of_Cash_Flows

Statement Of Cash Flows

(₹ In Crore)

For the year ended 31 March

Particulars

2022

2021

I.

Operating activities

Profit before tax

6,505.33

5,939.00

Adjustments to reconcile profit before tax to net cash flows:

Add:

i)

Depreciation and amortisation

269.17

259.28

ii)

Loss on property, plant and equipment sold, demolished, discarded and scrapped

8.88

13.10

iii)

Provision for doubtful debts and advances

(4.44)

16.15

iv)

Share based payment to employees

15.36

6.90

v)

Exchange loss/(gain) on cash and cash equivalents

(3.55)

1.19

vi)

Exchange loss/(gain) on trade receivables

2.39

(6.01)

vii)

Exchange loss/(gain) on import payables

3.64

0.10

viii)

Interest adjustment on Government grant

1.31

1.18

ix)

Interest expense

7.35

5.48

300.11

297.37

Less:

i)

Investment income included in above:

Interest income on fixed income securities

275.05

65.77

Interest income on fixed deposits

36.42

17.87

Interest income on exchange traded funds

204.68

76.85

Interest income on fixed maturity plans

388.93

842.51

Profit on sale of other investments, net

35.72

15.74

Gain on valuation and realisation of mutual funds measured at fair value through profit or loss

188.75

254.25

Dividend income on other strategic investments

45.50

–

Amortisation of premium/discount on acquisition of fixed income securities

(17.67)

(5.57)

1,157.38

1,267.42

ii)

Government grants

2.65

2.65

iii)

Exceptional item – PSI Scheme

315.28

–

iv)

Surplus on sale of property, plant and equipment

21.59

1.94

(1,496.90)

(1,272.01)

5,308.54

4,964.36

Change in assets and liabilities

i)

(Increase)/decrease in inventories

263.38

(430.39)

ii)

(Increase)/decrease in trade receivables

1,202.52

(1,001.89)

iii)

(Increase)/decrease in loans and other assets

77.19

(561.50)

iv)

Increase/(decrease) in liabilities and provisions

(942.20)

1,483.32

600.89

(510.46)

Annuity payments (net) to VRS/Welfare scheme optees

(0.32)

(0.35)

Net cash flow from operating activities before income-tax

5,909.11

4,453.55

Income-tax paid

(1,701.54)

(1,339.69)

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Net cash flow from/(used in) operating activities

4,207.57

3,113.86

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II.

Investing activities

i)

Investment in subsidiary

(15.17)

–

ii)

Sale of investments

11,526.59

3,555.72

iii)

Purchase of investments

(11,083.79)

(5,888.39)

iv)

Sale/(purchase) of liquid mutual funds, etc., net

(209.44)

(351.28)

v)

Investment in treasury shares by ESOP trust

(37.37)

(5.52)

vi)

(Increase)/decrease in other bank balances

(2.14)

8.71

vii)

Purchase of property, plant and equipment (including advances)

(550.67)

(241.04)

viii)

Sale proceeds of property plant and equipment

33.07

5.70

ix)

Capital expenditure on development of technical know-how

–

(15.53)

(338.92)

(2,931.63)

x)

Investment income

Interest income on fixed income securities

275.05

65.77

Interest income on fixed deposits

36.42

17.87

Dividend income on other strategic investments

45.50

–

356.97

83.64

(Increase)/decrease in interest receivable

(114.00)

(17.36)

242.97

66.28

Net cash flow from/(used in) investing activities

(95.95)

(2,865.35)

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III.

Financing activities

i)

Interest expense

(7.35)

(5.48)

ii)

Change in sales tax deferral liability due to assessment

–

(5.31)

iii)

Dividend, including interim dividend paid

(4,048.98)

(8.73)

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Net cash flow from/(used in) financing activities

(4,056.33)

(19.52)

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Net change in cash and cash equivalents

55.29

228.99

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Cash and cash equivalents at the beginning of the year

505.13

277.33

Add/(Less): Effects of exchange loss/(gain) on cash and cash equivalents

3.55

(1.19)

Cash and cash equivalents at the end of the year [See note 11]

563.97

505.13

As per our report of even date

On behalf of the Board of Directors

For S R B C & CO LLP

Chartered Accountants

ICAI Firm Registration Number: 324982E/E300003

Niraj Bajaj

Chairman

per Arvind Sethi

Partner

Dinesh Thapar

Chief Financial Officer

Rajiv Bajaj

Managing Director

Membership Number: 089802

Pune: 27 April 2022

Dr. J Sridhar

Company Secretary

Madhur Bajaj

Vice Chairman