Corporate Finance

130
Corporate Finance

Company-2

1999 2000 2001

Total cash inflow 576.04 833.29 1396.03
Application of cash
Purchase of fixed assets 71.68 159.87 463.35
Purchase of investments 0.75 13.08 26.65
Repayment of loans 0 0 0
Loans to group companies 0 0 0
Loans to other companies 0 0 0
Interest paid 0 0 0
Tax paid 16.79 35.52 85.18
Dividends 10.2 19.93 42.2
Other cash expense 0 3.36 0
Increase in working capital 59.96 93.16 200.91
Trade receivables 59.96 93.16 200.91
Inventories 0 0 0
Trade payables 0 0 0
Closing balance 416.66 508.37 577.74
Total cash outflow 576.04 833.29 1396.03
Increase/decrease in cash 365.52 91.72 69.37
Balance

Exhibit 5.6(c) Cash flow statement of Company-3

(Rs crore)

Company-3

1999 2000 2001

Opening balance 620.88 383.9 392.68
Revenue Inflow 1,327.11 728.45 1,933.98
Non-operating income 0.21 646.18 75.28
Sale of fixed assets 6.43 32.61 37.96
Sale of investments 171.18 9.82 0
Capital proceeds 0 0 0
Loan proceeds 1,002.64 0 0
Decrease in working capital 811.01 2,782.03 1,125.44
Trade receivables 0 249.69 65.33
Inventories 768.19 2,172.08 104
Trade payables 42.82 360.26 956.11
Total cash inflow 3,939.46 4,582.99 3,565.34
Application of cash
Purchase of fixed assets 1,361.08 814.23 326.77
Purchase of investments 0 0 –332.31
Repayment of loans 0 1,367.84 831.73
Loans to group companies 0 0 0
Loans to other companies 0 0 0
Interest paid 1,938.83 2,004.66 2,072.32
Tax paid –44.67 0 0
Dividends 45.43 0 0
Other cash expenses 73.2 3.58 –0.6
Increase in working capital 181.69 0 0

Exhibit 5.6(b) contd.

Exhibit 5.6(c) contd.