Cash Flows from Operating Activities

Net profit before tax and exceptional item

Adjustments to reconcile net profit before tax to cash provided by operating activities

(Profit)/Loss on sale of fixed assets

Depreciation and amortization

Interest and dividend income

Provision for investments

Effect of exchange differences on translation of foreign currency cash and cash equivalents

Changes in current assets and liabilities

Sundry debtors

Loans and advances

Current liabilities and provisions

Income taxes paid

Net Cash Generated by Operating Activities

Cash Flows from Investing Activities

Purchase of fixed assets and change in capital work-in-progress

Proceeds on disposal of fixed assets

Investment in subsidiaries (Refer to Note 22.2.16)

Investments in securities

Interest and dividend income

Cash flow from investing activities before exceptional items

Income from sale of investment in Yantra Corporation

Less: Tax on the above

Net income from sale of investment in Yantra Corporation

Net cash used in Investing Activities

Cash Flows from Financing Activities

Proceeds from issuance of share capital on exercise of stock options

Dividends paid during the year

Dividend tax paid during the year

Net cash used in Financing Activities

Effect of exchange differences on translation of foreign currency cash and cash equivalents

Net (decrease)/increase in cash and cash equivalents

Cash and cash equivalents at the beginning of the year

Cash and cash equivalents at the end of the year

Significant accounting policies and notes on accounts