| Consolidated | Company | |||
| For the year ended 31st March, | 2014 | 2013 | 2014 | 2013 |
| Rs. ’000 | (Restated) Rs. ’000 |
Rs. ’000 | Rs. ’000 | |
| Cash Flows from Operating Activities | ||||
| Cash generated from operations (Note A) | 7,478,465 | 8,888,860 | 891,835 | (163,056) |
| Employee benefit paid | (498,359) | (416,613) | (63,358) | (30,970) |
| Income tax paid | (1,379,156) | (1,175,684) | (36,929) | (5,010) |
| Net cash inflow/(outflow) from operating activities | 5,600,949 | 7,296,563 | 791,548 | (199,036) |
| Cash Flows from Investing Activities | ||||
| Purchase and construction of property, plant & equipment | (3,453,473) | (5,148,902) | (68,310) | (45,694) |
| Investments in other non-current assets | (46,080) | (34,160) | – | – |
| Development of biological assets | (3,423) | (11,697) | – | – |
| Grants received - capital | 4,564 | 58,114 | – | – |
| Improvements to investment property | (3,679) | – | – | – |
| Proceeds from disposal of property, plant & equipment | 120,723 | 418,377 | 24 | 2,972 |
| Proceeds from disposal of intangible assets | 2,106 | – | – | – |
| Proceeds from disposal of non-current financial assets | – | – | 261,628 | 3,657 |
| On acquisition of right to generate hydro power/ERP System | (78,154) | (170,656) | – | – |
| Proceeds from the sale of equity accounted investees | – | 7,020 | – | – |
| Proceeds from sale of other current financial assets | 12,923 | 17,353 | 2,615 | 8,122 |
| Long-term investments in group companies and others | (5,517) | – | (529,382) | (855,043) |
| Acquisition through business combinations | (690,187) | (544,836) | – | – |
| Interest received | 180,534 | 401,933 | 88,014 | 93,116 |
| Dividends received from equity accounted investees | 12,033 | 12,278 | – | – |
| Dividends received from non-group companies | 257,736 | 310,219 | 253,221 | 307,017 |
| Net cash used in investing activities | (3,689,894) | (4,684,957) | 7,810 | (485,853) |
| Net cash inflow/(outflow) before financing | 1,911,055 | 2,611,606 | 799,538 | (684,889) |
| Cash Flows from Financing Activities | ||||
| Capital payment on finance lease | (21,321) | 543 | – | – |
| Recovery of employee share trust loan | 1,626 | 1,552 | 1,626 | 1,552 |
| Payment for right to use land | – | (33,453) | – | – |
| Interest paid (including interest capitalised) | (2,366,134) | (2,679,107) | (773,138) | (920,308) |
| Dividend paid to non-controlling interest | (797,014) | (765,579) | – | – |
| Acquisition of non-controlling interest | – | (218,289) | – | – |
| Proceeds from non-contorlling interest on issues of rights in subsidiary | 259,587 | 54,004 | – | – |
| Proceeds from disposal of non-controlling interest | 98,306 | – | – | – |
| Proceeds from non-controlling interest on initial public offer | 107,613 | – | – | – |
| Proceeds from interest-bearing borrowings | 6,759,243 | 2,074,754 | 4,267,500 | – |
| Repayment of interest-bearing borrowings | (2,226,204) | (2,089,286) | (698,183) | (506,667) |
| Payment of long-term loan facility fee | (19,012) | – | (19,012) | – |
| Debenture issue fee | (21,818) | – | (21,818) | – |
| Dividends paid to equity holders of parent | (337,500) | (300,000) | (337,500) | (300,000) |
| Net cash inflow/(outflow) from financing activities | 1,437,372 | (3,954,861) | 2,419,475 | (1,725,423) |
| Net increase/(decrease) in cash and cash equivalents | 3,348,426 | (1,343,255) | 3,218,833 | (2,410,312) |
| Cash and cash equivalents at beginning of the year | (13,182,447) | (11,839,192) | (4,617,309) | (2,206,997) |
| Cash and cash equivalents at end of the year (Note B) | (9,834,021) | (13,182,447) | 1,398,476 | (4,617,309) |
Notes to the Financial Statements form an integral part of these Financial Statements.
Figures in brackets indicate deductions.
| Consolidated | Company | |||
| For the year ended 31st March, | 2014 | 2013 | 2014 | 2013 |
| Rs. ’000 | (Restated) Rs. ’000 |
Rs. ’000 | Rs. ’000 | |
| A. Cash Generated from Operations | ||||
| Profit before tax | 5,074,003 | 4,916,576 | 568,261 | 375,154 |
| Adjustments for: | ||||
| Net finance cost | 2,140,097 | 1,638,760 | 554,285 | 530,091 |
| Share of profits from equity accounted investees | (1,236) | (352) | – | – |
| Depreciation on property, plant & equipment | 2,003,414 | 1,771,639 | 29,802 | 24,892 |
| Depreciation on investment properties | 3,150 | 320 | – | – |
| Impairment of property, plant & equipment | 50,493 | – | – | – |
| Change in fair value of biological assets | (28,065) | (31,171) | – | – |
| (Gain)/loss on the disposal of property, plant & equipment | (31,260) | (66,889) | (24) | 1,237 |
| (Gain)/loss on the disposal of long-term investment | – | – | (105,212) | 419 |
| (Gain)/loss on the disposal of current financial assets | 81 | 743 | 81 | – |
| Gain on Bargain purchase of subsidiary | – | (9,907) | – | – |
| Amortisation of intangible assets | 101,136 | 110,039 | – | – |
| Impairment of intangible assets | 9,864 | – | – | – |
| Net gains/(loss) on translation of foreign currency | (125,609) | 340,948 | – | – |
| Impairment of trade & other receivables | 70,673 | (182,795) | – | – |
| Provision for unrealised profit and write-down of inventories | 168,171 | 63,868 | – | – |
| Impairment of other non-current assets | 17,323 | 32,243 | – | – |
| Gain on the disposal of equity accounted investees | – | 4,671 | – | – |
| Provision for post employee benefit obligations | 748,835 | 730,688 | 61,633 | 58,624 |
| Grants amortised | (45,709) | (52,562) | – | – |
| Net change in fair value of financial assets at fair value through profit or loss | – | (2,267) | – | – |
| 10,155,361 | 9,264,552 | 1,108,826 | 990,417 | |
| (Increase)/decrease in trade and other receivables | (1,665,309) | (1,693,527) | 377,504 | (1,135,222) |
| (Increase)/decrease in inventories | (1,973,813) | 26,103 | 236 | (361) |
| Increase/(decrease) in trade and other payables | 962,225 | 1,291,732 | (594,731) | (17,890) |
| 7,478,464 | 8,888,860 | 891,835 | (163,056) | |
| B. Analysis of Cash and Cash Equivalents | ||||
| Cash at bank and in hand | 2,638,821* | 2,126,626* | 155,211 | 49,993 |
| Short-term deposits | 1,536,101 | 998,646 | – | – |
| 4,174,922 | 3,125,272 | 155,211 | 49,993 | |
| Short-term interest-bearing borrowings | (14,008,943) | (16,307,719) | (1,553,687) | (4,667,302) |
| Cash and cash equivalents | (9,834,021) | (13,182,447) | (1,398,476) | (4,617,309) |
C. During the year Group acquired property, plant & equipment with an aggregate cost of Rs. 3,453 mn of which Rs. 0.3 mn was acquired by means of finance leases.
* Includes discontinued operations.