Page 115 - Tata_Chemicals_yearly-reports-2019-20

Integrated report Statutory reportS FInancIal StatementS
Management Discussion and Analysis

3. Trade receivables: ` in crore 6. Net borrowings: ` in crore
FY FY % FY FY %
Particulars Change Particulars Change
2019-20 2018-19 Change 2019-20 2018-19 Change
Continuing operations 140 103 37 36 non-current borrowings 10 13 (3) (23)
discontinued operations - 81 (81) (100) Current borrowings - 1 (1) (100)
Total Trade receivables 140 184 (44) (24)
Current maturities of non- 4 686 (682) (99)
trade receivables increased mainly due to the lower collection current borrowings and
from debtors in Basic Chemistry products business. finance lease obligations
discontinued operations - 7 (7) (100)
4. Loans, other financial assets, advance tax assets (net) Total borrowings 14 707 (693) (98)
and other assets: less: Cash and cash 880 1,106 (226) (20)
` in crore equivalent
(including bank balances)
FY FY %
Particulars Change Net borrowings (866) (399) (467) 117
2019-20 2018-19 Change
the net borrowings decreased mainly due to repayment of
loans 1 2 (1) (50)
other financial assets 138 335 (197) (59) borrowings (eCB & nCd).
advance tax assets (net) 589 521 68 13 Details of significant changes in key financial ratios:
other assets 392 281 111 40 1. Debt equity ratio of the Company has improved to 0.001 times
discontinued operations - 22 (22) (100) (FY 2018-19: 0.06 times) due to repayment of borrowings
Total 1,120 1,161 (41) (4)
(nCd / eCB).
decrease in other financial assets is mainly due to realisation of 2. Interest coverage ratio of the Company has improved to
subsidy receivable and lower exposure in derivatives. Increase in 20.24 times (FY 2018-19: 10.99 times) due to lower finance
other assets is mainly due to higher statutory receivables. cost on account of repayment of borrowings during the year.

5. Cash flow: Consolidated performance for the year ended
Net cash flow from operating activities: the net cash March 31, 2020
from operating activities is ` 427 crore during FY 2019-20 Statement of Profit and Loss – Continuing operations
as compared to ` 812 crore during FY 2018-19. the cash 1. Revenue from operations: ` in crore
operating profit before working capital changes and direct
taxes during FY 2019-20 is ` 763 crore as compared to Entity FY FY Change %
` 1,042 crore during FY 2018-19. the change in working 2019-20 2018-19 Change
capital, during the financial year, is mainly due to change in tata Chemicals limited - 2,920 3,121 (201) (6)
trade receivables and other assets. (‘tCl’)
Homefield pvt. uK limited 1,978 2,110 (132) (6)
Net cash flow from investing activities: the net cash - group (‘HFuK’)
outflow from investing activities amounted to ` 293 crore tata Chemicals north 3,403 3,382 21 1
in FY 2019-20 as against an outflow of ` 1,504 crore in FY america Inc. (‘tCna’)
2018-19. the outflow in FY 2019-20 is mainly on account rallis India limited (‘rallis’) 2,248 1,984 264 13
of purchase of property, plant and equipment (including others and eliminations (192) (260) 68 (26)
capital work-in-progress) and on account of purchase of Revenue from operations 10,357 10,337 20 0
current investments for FY 2018-19.
a. In tCl, revenues were lower on account of lower volumes of
Net cash flow from financing activities: the net cash soda ash.
outflow from financing activities is ` 1,101 crore during FY b. In HFuK, the revenues were lower on account of decrease in
2019-20 compared to an outflow of ` 1,568 crore during FY sales volumes.
2018-19. the outflow is mainly due to repayment of current
borrowings and payment of dividend. c. rallis witnessed higher volumes during the year.

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