CASH FLOW STATEMENT FOR THE YEAR ENDED

DECEMBER 31, 2009

A.

B.

2009
Rs. Crore

2008
Rs. Crore

2,294.39

1,687.74

342.09
3.24
(76.60)
84.30
(0.81)
3.72
(55.22)
31.19
14.01
1.27

294.18
9.94
(122.06)
39.96
0.83
1.41
33.46
(0.20)
4.87
0.79

Operating profit before working capital changes ...................................................................................

Adjustments for:
12 Trade and other receivables ..................................................................................................................
13 Inventories ....................................................................................................................................................
14 Assets held for disposal ..........................................................................................................................
15 Trade and other payables .......................................................................................................................

2,641.58

1,950.92

45.94
14.29
0.56
189.62

(138.38)
(83.44)
1.28
296.36

Cash generated from operations ...................................................................................................................

16 Direct Taxes Paid - (Net) ..........................................................................................................................

2,891.99
(494.05)

2,026.74
(318.41)

Net Cash flow from operating activities ...............................................................................................

2,397.94

1,708.33

44.20
(1,523.23)
-

(112.35)
(1,494.00)
100.00

7.84

17.79

(4,832.62)

(3,832.67)

4,036.87

4,034.41

Cash flow from operating activities

1
Net Profit before Tax and Exceptional Items .................................................................................
Adjustments for:
2
Depreciation .................................................................................................................................................
3
(Profit) / Loss on sale / Discarding of Fixed Assets - (Net) .......................................................
4
Interest and Dividend Income ..............................................................................................................
5
Interest Expense .........................................................................................................................................
6
Profit on Sale / Write off of Investment ...........................................................................................
7
Provision for Mines Restoration ...........................................................................................................
8
Provision for Retirement Benefits .......................................................................................................
9
Provision for Doubtful Debts and Advances (Net of adjustment) ........................................
10 Consumption of Machinery spares ....................................................................................................
11 Wealth Tax provision ................................................................................................................................

Cash flow from investing activities

17 Loans to Companies .................................................................................................................................
18 Purchase of Fixed Assets .........................................................................................................................
19 Sale of Ready Mixed Concrete business ...........................................................................................
(Total consideration is in cash and cash equivalents)
20 Sale of Fixed Assets ..................................................................................................................................
21 Purchase of Investments {includes Rs. 121.14 Crore towards investment in
subsidiary Companies (Previous Year - Rs. 110.36 Crore)} .........................................................
22 Sale of Investments {includes Rs. Nil towards sale of investment in
subsidiary Company (Previous Year - Rs. 41.85 Crore)} ..............................................................
(Total consideration is in cash and cash equivalents)
23 Interest and Dividend Received ...........................................................................................................

85.72

116.38

(2,181.22)

(1,170.44)

(105.44)
1.90
300.00
(215.11)
(435.93)

(40.29)
1.39
(16.03)
200.00
(8.35)
(433.85)

Net cash used in financing activities ......................................................................................................

(454.58)

(297.13)

Net increase / (decrease) in cash and cash equivalents ......................................................................

(237.86)

240.76

984.24
746.38

743.48
984.24

Net cash used in investing activities ....................................................................................................... C.

Cash flow from financing activities
24 Interest paid {includes amount capitalised Rs. 26.38 Crore (Previous Year - Rs. 1.36 Crore)} .............................................................................................................
25 Proceeds from issue of Share Capital ................................................................................................
26 Short term Borrowings - (Net) .............................................................................................................
27 Proceeds from Long term Borrowings ...............................................................................................
28 Repayment of Long term Borrowings ...............................................................................................
29 Dividend paid (including dividend distribution tax) ...................................................................

Cash and cash equivalents

- Opening Balance .....................................................................................................................................
- Closing Balance ........................................................................................................................................
Notes:

1 All figures in brackets are outflow.

2 Closing cash and cash equivalents includes amounts earmarked for specific purposes Rs. 25.23 Crore (Previous Year - Rs. 21.98 Crore).
3 Cash and cash equivalents are Cash and Bank Balances as per Balance Sheet.
4 Direct Taxes paid are treated as arising from operating activities and are not bifurcated between investing and financing activities.
5 Previous years figures have been regrouped / restated wherever necessary.
As per our report of even date
For and on behalf of the Board of ACC Limited,

For S.R. BATLIBOI & ASSOCIATES

Chartered Accountants

N. S. SEKHSARIA
Chairman

PAUL HUGENTOBLER
Deputy Chairman

per SUDHIR SONI

Partner
Membership No. 41870

SUMIT BANERJEE
Managing Director

SUNIL K. NAYAK
Chief Financial Officer

Mumbai, February 04, 2010

76

BURJOR D. NARIMAN
Company Secretary

S. M. PALIA
NARESH CHANDRA
M. L. NARULA
D. K. MEHROTRA
R. A. SHAH
SHAILESH HARIBHAKTI
KULDIP KAURA

Directors