Consolidated Statement of Cash Flows: IFRS
| Particulars | (US $ in million) | ||
|---|---|---|---|
June 12 | June 13 | March 14 (9M) | |
| (A) CASH INFLOW / (OUTFLOW) FROM OPERATING ACTIVITIES | |||
| Net result before tax | (9.98) | (146.61 | |
| Adjustments to reconcile net income before tax to net cash provided by operating activities: | |||
| Depreciation and amortization | 78.32 | 247.93 | |
| Employee Compensation on stock options | 0.45 | 0.78 | |
| Interest on FCCB | 13.14 | 0.00 | |
| Interest expense / (income) net | 19.21 | 36.82 | |
| Loss on sale of asset (net) | 7.63 | (0.11) | |
| Profit on sale of investments | (0.01) | (0.00) | |
| Dividend income | (0.63) | (0.19) | |
| Bad debts & provision for doubtful debts | 0.62 | 0.13 | |
| Fair value of FCCB conversion option | 0.00 | 0.00 | |
| Retirement Benefits | 0.07 | 0.15 | |
| Expense on interest rate swaps and currency rate swaps | 3.28 | (2.36) | |
| Unrealized exchange differences (net) | 44.01 | 16.26 | |
| Others | 0.01 | 0.00 | |
156.13 | 152.80 | ||
| Changes in operating assets and liabilities | |||
| Restricted cash | (0.28) | (16.23) | |
| Accounts receivable | 17.60 | 5.43 | |
| Other assets | 0.07 | (12.27) | |
| Inventory | 0.00 | 0.00 | |
| Accounts payable and other liabilities | (3.96) | 51.45 | |
| Net changes in operating assets and liabilities | 13.44 | 28.38 | |
| Direct Tax paid | (0.88) | (6.91) | |
| Net cash provided by operating activities | 168.69 | 174.26 | |
| (B) CASH INFLOW / (OUTFLOW) FROM INVESTING ACTIVITIES | |||
| Dividend received | 0.63 | 0.19 | |
| Interest received | 1.02 | 0.26 | |
| Payments for purchase of property plant and equipment and Intangibles | (247.42) | (269.16) | |
| Acquisition of subsidiary, net of cash | 0.00 | (24.62) | |
| Proceeds from sale of property plant and equipment | 0.01 | 0.20 | |
| Sale of Share in Joint Venture | 0.00 | 0.00 | |
| Sale of available for sale investments | 12.34 | 4.28 | |
| Consideration towards acquisition | |||
| Net cash used in investing activities | (233.42) | (288.86) | |
| (C) CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES | |||
| Proceeds from long term borrowings | 228.47 | 180.80 | |
| Interest paid | (19.27) | (34.68) | |
| Proceeds from issue of share capital | 0.00 | 0.00 | |
| Redemption of FCCB's | (135.36) | 0.00 | |
| Dividend Paid (including Tax on Dividend) | (11.65) | (9.42) | |
| Proceeds from capital lease | (0.29) | (0.20) | |
| Net cash provided by financing activities | 61.89 | 136.50 | |
| Effect of exchange rate changes on cash | 0.31 | 1.21 | |
| Net increase in cash and cash equivalents | (2.52) | 23.12 | |
| Cash and cash equivalents at the beginning of the year | 5.86 | 3.15 | |
| Cash and cash equivalents at the end of the year | 3.33 | 26.26 | |
| Cash and cash equivalents comprise | |||
| Cash in hand | 0.04 | 0.10 | |
| Balances with banks | 3.29 | 26.16 | |
3.33 | 26.26 | ||
Note: For the convenience of translation, USD numbers are arrived at by dividing the INR numbers for each of the year, by INR-to-USD Rate of 56.31 for June, 2012 and 59.665 for June, 2013.
