Cash Flow Statement for the year ended 31st March, 2012

For the year ended 31st March, 2012 (` in Crores) A. Cash Flow from Operating Activities PROFIT BEFORE TAX ADJUSTMENTS FOR : Depreciation and Amortisation Expense Finance costs Interest Income Dividend Income from Long Term Investments Dividend Income from Current Investments Loss on Sale of Fixed Assets - Net Net gain on sale of Current Investments Gain on sale of Long Term Investments Doubtful and Bad Debts Doubtful and Bad Advances, Loans and Deposits Excess of Carrying Cost over Fair Value of Current Investments - Net Excess of Cost of Current Investments over Fair Value, reversed - Net Foreign Currency translation and transactions - Net Doubtful Debts, Claims and Advances - previous years (Included in Note 20) Liability no longer required written back (Included in Note 20) OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES ADJUSTMENTS FOR : Trade Receivables, Loans and Advances and Other Assets Inventories Trade Payables, Other Liabilities and Provisions CASH GENERATED FROM OPERATIONS Income Tax Paid NET CASH FROM OPERATING ACTIVITIES B. Cash Flow from Investing Activities Purchase of Fixed Assets Sale of Fixed Assets Purchase of Current Investments Sale/Redemption of Current Investments Purchase of Long Term Investments from Subsidiary Purchase of Long Term Investments Investment in Joint Ventures Investment in Subsidiaries Sale of Long Term Investments Dividend Income from Long Term Investments Received Dividend Income from Current Investments Received Interest Received Loans Given Loans Realised NET CASH USED IN INVESTING ACTIVITIES C. Cash Flow from Financing Activities Proceeds from issue of Share Capital Proceeds from Long Term Borrowings Repayment of Long Term Borrowings Net increase / (decrease) in Cash / Export Credit Facilities Interest Paid Net increase in Statutory Restricted Accounts Balances Dividend Paid Income Tax on Dividend Paid NET CASH USED IN FINANCING ACTIVITIES NET INCREASE IN CASH AND CASH EQUIVALENTS OPENING CASH AND CASH EQUIVALENTS CLOSING CASH AND CASH EQUIVALENTS
Notes : 1. The above Cash Flow Statement has been prepared under the "Indirect Method" as set out in Accounting Standard - 3 Cash Flow Statements. 2. CASH AND CASH EQUIVALENTS : Cash and Cash Equivalents as above Unrealised Gain on Foreign Currency Cash and Cash Equivalents Balances in Statutory Restricted Accounts Cash and Cash Equivalents (Note 16)

For the year ended 31st March, 2011 (` in Crores)

8897.53 698.51 77.92 (309.41) (100.51) (198.40) 11.62 (76.04) (137.25) 9.63 2.46 5.74 (12.42) (1.48) (47.55) 655.99 68.38 (168.58) (83.75) (155.53) 24.44 (54.92) (63.01) 2.28 2.93 (2.57) (10.21) (1.36) (27.47)

7268.16

(77.18) 8820.35

186.62 7454.78

(399.19) (368.66) 281.06

(486.79) 8333.56 (2317.97) 6015.59

(124.96) (720.10) 918.71

73.65 7528.43 (2195.74) 5332.69

(2303.56) 55.93 (49434.60) 49150.72 (297.16) (37.88) (82.30) 164.61 100.51 198.40 283.72 (410.73) 402.15 (2210.19) 764.99 0.77 (10.68) (0.17) (16.79) 16.83 (3443.47) (558.03) (3246.55) 558.85 2178.92 2737.77

(1349.91) 8.06 (68486.95) 68939.54 (176.59) (45.47) (25.00) 103.58 83.75 155.53 141.00 (239.61) 207.40 (684.67) 903.82 1.40 (11.85) 1.94 (15.80) 20.58 (3818.18) (633.55) (3551.64) 1096.38 1082.54 2178.92

2737.77 0.01 81.15 2818.93

2178.92 ... 64.32 2243.24

The accompanying notes 1 to 31 are an integral part of the Financial Statements. In terms of our report of even date For Deloitte Haskins & Sells Chartered Accountants P. R. RAMESH Partner Kolkata, 25th May, 2012 On behalf of the Board P. V. DHOBALE R. TANDON

Director

Y. C. DEVESHWAR

Chairman

Chief Financial Officer

B. B. CHATTERJEE Company Secretary

82 ITC Report and Accounts 2012