Page 113 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
REPORTS
REPORT
STATEMENTS
Management Discussion
& Analysis
2. Inventories: ` in crore 6. Trade payables, other financial liabilities, other liabilities,
FY FY % provisions, current tax liabilities (net) and deferred tax
Particulars Change liabilities (net)
2021-22 2020-21 Change
Inventories 880 522 358 69 ` in crore
Inventories are higher primarily due to higher prices on inventory Particulars FY FY Change %
of raw materials and coal. 2021-22 2020-21 Change
Trade payables 561 482 79 16
3. Trade Receivables: ` in crore Other financial
liabilities 181 166 15 9
FY FY %
Particulars Change Other liabilities 75 58 17 29
2021-22 2020-21 Change
Trade receivables 182 145 37 26 Provisions 351 356 (5) (1)
Current tax
Trade receivables are higher primarily due to the higher sales liabilities (tax) 107 135 (28) (21)
during the last quarter of FY 2021-22. Deferred tax
liabilities (net) 397 202 195 97
4. Loans, other financial assets, advance tax assets (net) Total 1,672 1,399 273 20
and other assets: Increase in deferred tax liabilities (net) is mainly due to increase in
` in crore fair value of non-current investments. Increase in trade payables
FY FY % is mainly due to higher cost of raw materials reflected through an
Particulars Change overall increase in the cost base.
2021-22 2020-21 Change
Loans 1 1 - - (C) Standalone Cash flow analysis ` in crore
Other financial
assets 64 127 (63) (50) Particulars FY FY
Advance tax assets Cash from operating activities 2021-22 2020-21
582
672
(net) 613 575 38 7 Cash from investing activities (355) (403)
Other assets 279 407 (128) (31) Cash from financing activities (270) (291)
Total 957 1,110 (153) (14)
Decrease in other financial assets is mainly due to realisation of Net cash flow from operating activities: Lower operating cash
flows in FY 2021-22 against FY 2020-21 is mainly on account of
advances. Decrease in other assets is mainly due to settlement of change in working capital.
advances given for capital goods procurement.
Net cash flow from investing activities: Lower investing cash
outflows in FY 2021-22 is mainly on account of redemption of
5. Cash & Cash Equivalent (net) ` in crore
current investments compensated by higher purchase of property,
FY FY %
Particulars Change plant and equipment (including capital work-in-progress).
2021-22 2020-21 Change
Cash and cash (D) Details of significant changes in key Standalone
equivalent financial ratios:
(including Bank 1. Interest Coverage Ratio (%) of the Company has
balances) 493 685 (192) (28) increased to 52% (FY 2020-21: 34%) due to increase
Borrowings in profits on account of higher price realisation and
Non-current higher other income.
finance lease 2. Debt Equity Ratio (%) of the Company has improved
obligations - (5) 5 (100) due to increase in equity (on account of profits earned
Current maturities during the year), while debt continue to remain almost
finance lease negligible during the year.
obligations (3) (4) 1 (25) 3. Operating Profit Margin (%) of the Company has
Total Borrowings (3) (9) 6 (67) decreased to 26% (FY 2020-21: 35%) due to increase in
Cash and Cash revenue partially offset by higher cost of goods sold.
equivalent (net) 490 676 (186) (28) 4. Net Profit Margin (%) of the Company has increased
Lower cash and cash equivalents have been represented through to 21% (FY 2020-21: 16%) due to higher price realisation
higher outflow in investing and financing activities. and higher other income.

111