Craftsman Automation Limited

Annexure III: Restated Consolidated Statement of Cash Flows
(Allamounts are in INR Millions unless otherwise stated)

 

Year ended

 

 

 

 

(Refer to note: 20 to Annexure VII for Net Debt Reconciliation)

 

 

 

 

 

 

 

 

 

 

 

 

Period April 12020 0
; December312020 | March 312020 | March312019 | March 312018
[Cash flows from operating activities
Profit before tax 759.26 573.90 139983 435.45
Adjustments to reconcile PBT to net cash flows:
Depreciation and amortization expense 1414.73 1,949.88 1,761.48 1,491.53
Gain on sale of assets (5.79) (0.28) (4.38) 0.04
Exchange difference on transaction /translation (oss/(gain)) (94.22) 34.00 (37.56) (55.59)
Share of Profit of Joint Venture (0.82) 0.16 (4.03) (247)
MTM Gain / (Loss) -Derivative-( Net) 0.16 3.25 1.56 (45.15)
Allowance for ECL on Advances 0.34 (0.09) - 285
Allowance for ECL on Doubtful debts 16.85 15.44 (5.42) 0.03
Projection for Warranty & Rejection (231) 0.95 9.85 7.00
Interest income (including fair value changes in financial instruments) (15.15) (21.63) (20.93) (2250)
Government grant income (188.02) (284.42) (31156) (24750)
Liabilities no longer required written back (1.68) (6.18) (35.62) (8.92)
Assets no longer receivable written off (including exceptional item) 13.82 69.72 57.70 47.04
Interest expense (including fair value changes in financial instruments) 819.96 1,395.88, 1,369.00 1,146.48
Operating cash flow before changes in working capital ZT7.13 3,730.58 4179.92 2,748.29
Adjustments for:
Increase/ (Decrease) in provisions (4.46) 13.96 (7.19) 3.16
Increase/ (Decrease) in other financial liabilities (35.65) (26.83) 27.41 53.90
Increase/ (Decrease) in other current liabilities 251.46 (75.43) 162.65 (25.68)
Increase/ (Decrease) in Trade Payables and other Payables, 211.05 (483.97) (283.89) 614.23
(Increase}/ Decrease in other non-current assets 25.59 (25.59) - 3
(Increase}/ Decrease in other financial assets (9.33) (17358) 8.01 (31.03)
(Increase}/ Decrease in other currentassets (31067) 143.54 16.46 580.25
(Increase}/ Decrease in trade and other receivables (18298) 189,79 (56.40) (274.68)
(Increase}/ Decrease in inventories (143.08) (23.07) (228.47) (721.46)
Cash generated from operations 2,509.05 3269.41 3,848.50 2,946.99
Direct taxes paid (88.47) (215.70) (248.46) (120.00)
INet cash generated / (used) from operating activities -A ZA20.59 3,053.70 3,600.04 2,826.99
[cash flows from investing activities
Purchase of property, plant and equipment (495.02) (1,386.91) (3,558.07) (2,038.63)
Purchase of Intangible assets (6.66) (17.43) (5267) (8259)
Proceeds from sale of property, plant and equipment 31.87 14.15 oil 283
Purchase of ungoutted shares 0.00 (2.09) (0.39) (tsi)
Interest received 15,15 21.63 20.93 2250
INet cash generated / (used) in investing activities - B 54.66) 370.65) (584.09) (@,107.40)}
[cash flows from financing activities
Proceeds from long-term borrowings 539.80 1,438.95 421587 4,444.97
Repayment of long term borrowings (1,045.34) (219854) (1555.39) (4,291.10)
Proceeds from/ (repayments to) short-term borrowings (850.41) 1,094.51 (141153) 469.45
Principal repayments towards lease liability (57.50) (167.31) (121.70) (86.33)
Interest paid (ind. interest on lease liability) (84056) (1,386.29) (1.29750) (1,133.15)
Dividend Paid (incl. Addditional tax on dividend paid) - (60.64) (12.10) (6.96)
INet cash generated / (used) in financing activities- C (254.01) 279.32) (182.34) 1603.12)|
Net increase in cash and cash equivalents - (A+B+C) (28808) 403.73 (166.39) 116.47
cash and cash equivalents at beginning of period / year 597.61 193.05 360.43 240.31
Effect of exchange rate changes on cash and cash equivalents 0.96 0.83 (0.99) 3.65
Cash and cash equivalents.at end of period / year 310.49 597.61 193.05 360.43
Reconciliation of Cash & Cash equivalents
Cash & cash equivalents consists of:
cash in hand 0.25 1at 0.76 1.02
Balances with banks
(i) in current accounts 31024 59650 194.21 36617
(ii) Overdraft (refer note: 24 to Annexure VIN) (1.92) (6.76)
Hrotal 31049 597.61 193.05 36043

 

 

‘The accompanying notes form an Integral part of the restated consolidated financial information
‘This is the restated consolidated statement of cash flows referred to in our report of even date

For Sharp & Tannan
Chartered Accountants
Firm Registration No, 0037925

V.Viswanathan
Partner
Membership No, 215565

Place: Chennai
Date : 25-Jan-2021

RGauthamram
Whole Time Director
DIN: 06789004

Shainshad Aduvanni

Company Secretary M.No.A27895

Place: Coimbatore
Date : 25-Jan-2021

61

For and on behalf of the Board

S.Ravi

Chairman and Managing Director

DIN: 01257716

CB. Chandrasekar

Chief Financial Officer
