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A
CONSOLIDATED CASH FLOW STATEMENT
TTC Limited
FOR THE YEAR ENDED 31ST MARCH, 2007
(Figures for the previous year have been rearranged to conform with
or the year ended For the year ended
the revised presentation)
31st March, 2007
(Rs. in Crores)
31 st March, 2006
(Rs. in Crores)
A. NET PROFIT BEFORE TAX AND EXCEPTIONAL ITEMS
1049.06
ADJUSTMENTS FOR
3377.18
Depreciation
Interest etc. - Net [Excluding Rs. 12.28 Crores (2006 - Rs. 10.70 Crores) (net) (credit)
393.78
359.49
in respect of financial enterprises conso
Income from Long Term Investments
ses consolidated]
(20.35)
(3.06)
1.48
(3.01)
Income from Current Investments [Excluding Rs. 14.71 Crores (2006 - Rs. 1 1.86 Crores)
in respect of financial enterprises consolidated]
(186.14)
19,70
(157.40)
Fixed Assets - Loss on Sale/Write off - Net
(Profit) / Loss on Sale of Current Investments - Net
(6.90)
18.83
Excess of Cost over Fair Value of Investments
(3.46)
20.60
Unrealised (Gain) / Loss on Exchange (Net)
(Write Back) / Provision for Fixed Assets given on lease
(3.54)
12.76
1.55
Amortisation of Miscellaneous Expenditure
(1.46)
Liability no longer required written back
0.10
186.73
OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES
(27.46)
4235.79
(10.64)
218.25
3595.43
ADJUSTMENTS FOR :
Trade and Other Receivables
Inventories
(236.52)
(819.24)
(100.10)
379.18
(572.35)
Trade Payables
CASH GENERATED FROM OPERATIONS
(676.58)
3559.21
278.58
(393.87)
3201.56
Income Tax Paid including Fringe Benefit Tax (net of refunds)
(1037 08)
Cash Flow before Exceptional Items
(1311.60)
ptional items paid [See Schedule 19(1)]
2247.61
2164.48
(67.87)
NET CASH FROM OPERATING ACTIVITIES
2247.61
2096.61
B. CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed Assets
Sale of Fixed Assets
(1785.11)
3.91
(727.99)
5.96
Purchase of Business (See Note ] Below)
Purchase of Current Investments
(38.83)
(28821.37)
(38.83)
33193.21
Sale/Redemption of Current Investments
29446.21
33649.41
Share of Profit of Associates in Long Term Investment
Purchase of Long Term Investments
5.39
4 54
(1.60)
Sale of Long Term Investments
0.01
Income from Current Investments Received
Income from Long Term Investments Received
10.65
3.06
21.22
3.08
Dividend Received from Associates
1.24
1.04
Interest Received
Refund of Deposits towards Property Options
25.12
47.50
0.39
46.50
Loans Given - Net
Purchase of Minority Interest in a Subsidiary
(7.95)
2.38)
3.48
Purchase of Interest in a Subsidiary
NET CASH USED IN INVESTING ACTIVITIES
(1084.15)
(61.40
(282.77)
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from issue of Share Capital
42.39
65.95
Proceeds from Long Term Borrowings
Net increase / (decrease) in Cash/Export Credit Facilities and other Short Term Loans
30.57
21.01
Interest etc. Paid
23.65
(148.65)
(9.73)
Dividends Paid
Income Tax on Dividend Paid
996.97)
(16.95)
(144.81
173.80
(111.33)
NET CASH FLOW USED IN FINANCING ACTIVITIES
(1054.90)
(963.77)
NET INCREASE IN CASH AND CASH EQUIVALENTS
OPENING CASH AND CASH EQUIVALENTS
108.56
CASH AND CASH EQUIVALENTS ON CONVERSION OF JOINT VENTURE TO
977.77
850.07
120.06
SUBSIDIARY [See Note 2 below]
CASH AND CASH EQUIVALENTS ON ACQUISITION OF SUBSIDIARY [See Note 3 Below]
0.17
CLOSING CASH AND CASH EQUIVALENTS
1086.50
7.64
977.77
CASH AND CASH EQUIVALENTS COMPRISE :
Cash and Bank Balances
1086.50
977.71
Notes
1. Purchase consideration of Rs. 232.99 Crores (net of liability of Rs. 15.03 Crores
towards sales tax deferment loans assumed) on acquisi
to M/s BILT Industrial Packaging Company Limited.
on acquisition of business in 2004, payable
232.99
232.90
Cash paid [including Rs. 38.83 Crores (2006 - Rs. 38.83 Crores) during the year as per
scheme of repayment]
155.32
116.49
Balance Payable
77.67
Cash & Cash Equivalents include Rs. 0.17 Crore of King Maker Marketing Inc. acquired consequent to it
1 16.50
becoming a subsidiary of ITC Limited during the year and is included in the closing Cash and Cash Equivalents.
3. Cash & Cash Equivalents include Rs. 7.64 Crores of Wimco Limited, acquired consequent to it becoming
a subsidiary of ITC Limited in 2005-06 is included in the closing Cash and Cash Equivalents.
Per our Report attached to the Balance Sheet
On behalf of the Board
For A. F. FERGUSON & CO.
Chartered Accountants
Y. C. DEVESHWAR
Chairman
M. S. DHARMADHIKARI
K. VAIDYANATH
Director
Partner
Kolkata, 25th May, 2007
B. B. CHATTERJEE
Secretary
124
Source: https://www.industrydocuments.ucsf.edu/docs/mnbx0223

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