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Integrated report Statutory reportS Financial StatementS
Consolidated

Consolidated Statement of Cash Flows for the year ended March 31, 2020

` in crore
Year ended Year ended
March 31, 2020 March 31, 2019
(Restated)
A Cash flows from operating activities
profit before tax from continuing operations 1,248.06 1,437.26
profit before tax from discontinued operations 6,159.42 293.18
7,407.48 1,730.44
Adjustments for :
depreciation and amortisation expense 666.47 571.39
provision for exceptional items (note 36) 92.07 -
Finance costs 341.91 365.28
Interest income (59.81) (85.31)
dividend income (27.31) (24.09)
gain on demerger of discontinued operation (net) (note 36) (6,220.15) -
Share of profit of joint ventures (27.49) (99.21)
net gain on sale of current investments (128.70) (187.40)
provision for employee benefits expense 32.92 53.87
provision for doubtful debts, advances and other receivables/bad debts written off (net) 21.24 17.36
provision for contingencies (net) 154.25 43.63
liabilities no longer required written back (18.18) (125.54)
Foreign exchange loss (net) 22.25 1.01
(profit)/loss on assets sold or discarded (net) (15.06) 19.14
Operating profit before working capital changes 2,241.89 2,280.57
Adjustments for :
trade receivables, loans, other financial assets and other assets (190.96) 322.57
Inventories (275.01) (411.61)
trade payables, other financial liabilities and other liabilities 151.96 (125.33)
Cash generated from operations 1,927.88 2,066.20
taxes paid (net of refund) (147.79) (484.91)
Net cash generated from operating activities 1,780.09 1,581.29
B Cash flows from investing activities
acquisition of property, plant and equipment (including capital work- in-progress, (1,199.42) (1,082.30)
intangible assets and intangible assets under development)
proceeds from sale of property, plant and equipment 29.93 2.78
proceeds from sale of other non-current investments - 3.69
payment on acquisition of business - (116.82)
proceeds from sale of current investments 8,875.68 15,232.91
purchase of non-current investments - (1.47)
purchase of current investments (8,085.67) (17,206.24)
purchase of investments in joint ventures - (0.35)
Bank balances not considered as cash and cash equivalents (759.59) 476.46
(payment on)/ proceeds from sale of discontinued operations (net) (note 36) (8.00) 565.08
acquisition of non-controlling interests by the group (1,382.12) -
Interest received 60.13 85.55
dividend received 100.83 82.52
Net cash used in investing activities (2,368.23) (1,958.19)

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