Statement of Cash Flows
Deepak Nitrite Limited
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For the year March 31, 2020 |
For the year March 31, 2019 |
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CASH FLOW FROM OPERATING ACTIVITIES |
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Profit for the Year |
544.04 |
138.04 |
Add: Income Tax Expense recognised in the Statement of Profit and Loss |
161.99 |
74.45 |
Profit Before Tax |
706.03 |
212.49 |
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Non-cash adjustment to reconcile Profit Before Tax to net Cash Flows |
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1. Depreciation / Amortisation |
77.93 |
52.88 |
2. Loss on Sale of Fixed Assets |
6.32 |
4.29 |
3. Provision for Doubtful Debts |
7.82 |
0.84 |
4. Gain on Redemption of Investment |
(0.33) |
(0.44) |
5. Interest Expenses |
20.32 |
42.85 |
6. Interest Income |
(0.58) |
(0.80) |
7. Dividend Income (represents ₹ 878 (Previous Year ₹ 638)) |
(0.00) |
(0.00) |
8. Fair Value (Gains)/Loss |
0.04 |
0.03 |
9. Foreign Exchange Fluctuation on account of Financing Activities |
1.98 |
(3.42) |
Operating Profit Before Change in Operating Assets and Liabilities |
819.53 |
308.71 |
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Movements in Working Capital : |
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1. (Increase)/Decrease in Inventories |
(0.58) |
(44.33) |
2. (Increase)/Decrease in Trade Receivables |
(29.34) |
23.93 |
3. (Increase)/Decrease in Non-Current Loans |
0.30 |
(0.05) |
4. (Increase)/Decrease in Other Financial Assets |
(0.87) |
2.13 |
5. (Increase)/Decrease in Other Assets |
(3.94) |
15.27 |
6. Increase/(Decrease) in Trade Payables |
(85.97) |
10.81 |
7. Increase/(Decrease) in Other Financial Liabilities |
4.54 |
(0.04) |
8. Increase/(Decrease) in Other Liabilities |
(0.18) |
4.22 |
9. Increase/(Decrease) in Provisions |
2.12 |
2.78 |
Cash Generated from Operations |
705.60 |
323.43 |
Less: Income Tax paid (net of refund) |
190.39 |
46.00 |
Net Cash Inflow from Operating Activities (A) |
515.21 |
277.43 |
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CASH FLOW FROM INVESTING ACTIVITIES |
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1. Purchase of Property, Plant & Equipment, including Capital Work-in-Progress, Capital Advances & Payable for Capital Expenditure |
(269.67) |
(70.21) |
2. Purchase of Intangible assets |
(0.21) |
(1.34) |
3. Proceeds from Sale of Property, Plant & Equipment |
1.22 |
1.69 |
4. Insurance claims Received |
- |
17.83 |
5. Investment in Subsidiaries |
- |
(79.00) |
6. Purchase of Current Investments |
(221.00) |
(107.77) |
7. Proceeds from Redemption/Maturity of Current Investments |
221.33 |
129.61 |
8. Deposit with Bank |
- |
30.26 |
9. Interest received |
0.58 |
0.90 |
10. Dividend received (represents ₹ 878 (Previous Year ₹ 638)) |
0.00 |
0.00 |
Net Cash Outflow from Investing Activities (B) |
(267.75) |
(78.03) |
CASH FLOW FROM FINANCING ACTIVITIES |
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1. Proceeds from Non-Current Borrowings |
- |
50.00 |
2. Repayment of Non-Current Borrowings |
(113.19) |
(104.52) |
3. Net Proceeds from Current Borrowings |
(8.40) |
(76.22) |
4. Interest paid |
(19.86) |
(43.73) |
5. Dividend paid on Equity Shares and Dividend Distribution Tax |
(106.01) |
(21.29) |
6. Margin Money Deposit |
2.01 |
(2.03) |
7. Principal repayment of Lease Liability |
(1.41) |
- |
8. Interest cost of Lease |
(1.31) |
- |
Net Cash Outflow from Financing Activities (C) |
(248.17) |
(197.78) |
Net Increase/(Decrease) in Cash and Cash Equivalents (A+B+C) |
(0.71) |
1.62 |
Cash and Cash Equivalents at the Beginning of the Financial Year |
2.81 |
1.19 |
Cash and Cash Equivalents at the end of the Financial Year |
2.10 |
2.81 |
Reconciliation of Cash and Cash Equivalents |
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Balances with Banks: |
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In Current Accounts |
1.50 |
1.20 |
In EEFC Accounts |
0.46 |
1.51 |
Cash on Hand |
0.14 |
0.10 |
Total Cash and Cash Equivalents as per Note 12 A. |
2.10 |
2.81 |