Cash Flows

The table below summarises our cash flows for the five months ended August 31, 2021 and the financial years
2021, 2020 and 2019:

 

 

 

 

 

 

 

 

 

 

 

 

Five months For the Financial Year

ended

August 31, 2021 2020 2019
2021
‘Amount (7 in millions)

Net cash generated from operating activities 2,101.93 4,175.64 4,460.31 4,861.39
Net cash used in investing activities (6,417.41) |__(,563.44) |_(2,906.62) |__(1,653.63)
Net cash generated from / (used in) financing activities (4,319.12) 3,204.92 | __(4,717.57) | _@,151.78)
Net increase / (decrease) in cash and cash equivalents (5,634.60) 5,817.12 (163.88) 55.98

 

Operating Activities

Net cash generated from operating activities was = 2,101.93 million for the five months ended August 31, 2021.
Our net restated loss before tax was 2 55.00 million for the five months ended August 31, 2021, which was
adjusted mainly for depreciation and amortisation of 2 1,016.39 million and finance costs of = 971.28 million.
This was further adjusted for working capital adjustments primarily attributable to a decrease in trade and
unbilled receivables of 385.66 million and an increase in other current liabilities of = 192.45 million due to
advances from customers, which was partially offset by a decrease in trade payables of 363.09 million.

Net cash generated from operating activities was 2 4,175.64 million for the financial year 2021. Our net restated
profit before tax was % 824.27 million for the financial year 2021, which was adjusted mainly for depreciation
and amortisation of = 2,596.48 million and finance costs of = 1,330.62 million. This was further adjusted for
working capital adjustments primarily attributable to an increase in trade and unbilled receivables of
% 1,925.14 million, which was partially offset by an increase in other current liabilities of = 946.09 million and
an increase in trade payables of % 644.13 million.

Net cash generated from operating activities was = 4,460.31 million for the financial year 2020. Our net restated
profit before tax was 2 1,195.24 million for the financial year 2020, which was adjusted mainly for depreciation
and amortisation of = 2,446.65 million and finance costs of = 1,304.01 million. This was further adjusted for
working capital adjustments primarily attributable to an increase in trade and unbilled receivables of
% 539.38 million and an increase in other current assets of = 302.12 million, which was partially offset by an
increase in other current liabilities 416.48 million.

Net cash generated from operating activities was = 4,861.39 million for the financial year 2019. Our net restated
profit before tax was = 788.89 million for the financial year 2019, which was adjusted mainly for depreciation
and amortisation of = 2,273.25 million and finance costs of ? 1,366.61 million. This was further adjusted for
working capital adjustments primarily attributable to an increase in trade payables of = 498.17 million and a
decrease in inventories of % 410.94 million, which was partially offset by an increase in trade and unbilled
receivables of = 436.16 million.

Investing Activities

Net cash used in investing activities was % 6,417.41 million for the five months ended August 31, 2021,
primarily consisting of purchase of current investments of % 6,500.00 million, on account of our purchase of
650,000,000 0.01% CCPS of % 10 each issued by our Corporate Promoter, Vineha Enterprises Private Limited,
amounting to = 6,500.00 million.

Net cash used in investing activities was = 1,563.44 million for the financial year 2021, primarily consisting of
the purchase of property, plant and equipment, including capital advances and work-in-progress, of
% 1,352.05 million in relation to ATMs and ATM sites, POS devices, vehicles and others.

Net cash used in investing activities was % 2,906.62 million for the financial year 2020, primarily consisting of

the purchase of property, plant and equipment, including capital advances and work-in-progress, of
% 2,311.38 million in relation to ATMs and ATM sites, POS devices and others.

352

 
