Consolidated Statement of Cash Flows for the year ended March 31, 2014

` In Lacs

2014 2013
A. CASH FLOWS PROVIDED BY/(USED IN) OPERATING ACTIVITIES:
Profit before Tax 8,185.04 124.04
Adjustment to reconcile profit before tax to net cash flow
Depreciation, amortisation and impairment (net) 2,432.24 2,242.86
Prior Period Items 165.02 4,297.83
Loss on fixed assets discarded 6.93 30.52
Profit on sale of fixed assets (0.66) (3.28)
Profit on sale of current investments (345.46) -
Interest and finance charges 5,526.66 6,822.25
Interest income (339.75) (334.08)
Liabilities no longer required written back (net) (381.22) (61.66)
Foreign exchange fluctuation gain (net) (26.22) (0.18)
Bad debt written off 9.08 3.71
Provision for doubtful debts 201.98 75.09
Provision for doubtful advances 66.24 58.58
Operating profit before working capital changes 15,499.88 13,255.68
Movements in working capital :
Increase/ (decrease) in trade payables (119.38) (2,207.98)
Increase / (decrease) in provisions 49.77 2,377.24
Increase/ (decrease) in other liabilities 74.76 550.73
Decrease / (increase) in trade receivables 1,168.73 (42.79)
Decrease / (increase) in inventories (186.26) (5,276.95)
Decrease / (increase) in Loans and advances (1,546.18) (4,198.67)
Decrease / (increase) in other current assets - 32.73
Cash generated from operations 14,941.32 4,489.99
Taxes paid (net) (1,945.18) (1,711.15)
NET CASH (USED IN) / GENERATED FROM OPERATING ACTIVITIES ( A ) 12,996.14 2,778.84
B. CASH FLOWS PROVIDED BY/(USED IN) INVESTING ACTIVITIES:
Purchase of fixed assets including capital work-in-progress and Capital Advances (2,369.41) (2,785.52)
Proceeds from sale of fixed assets 45.62 46.49
Investment in fixed deposit (having original maturity of more than three months) (641.43) (425.45)
Investment in shares of subsidiaries (6,871.99) -
Investment in Mutual Fund (36,345.46) -
Proceed from sale of Mutual Fund Investments 30,745.46 -
Interest Income received 378.53 318.97
NET CASH (USED IN) / GENERATED FROM INVESTING ACTIVITIES ( B ) (15,058.68) (2,845.51)
C. CASH FLOWS PROVIDED BY/(USED IN) FINANCING ACTIVITIES:
Interest and finance charges paid (5,762.64) (6,218.60)
Proceed from issue of equity shares 26,272.50 -
Proceeds from short-term borrowings 2,000.00 21,911.20
Repayment of short-term borrowings (14,678.47) (21,599.57)
Proceeds from long-term borrowings - 1,610.94
Repayment of long-term borrowings (43,505.46) (927.85)
Issue of Debentures 46,500.00 5,000.00
Proceed from issue of shares by subsidiary 21.44 173.43
Expenses incurred on issue of debentures (166.50) -
Dividend paid (5,960.82) (2,015.80)
Dividend tax paid (1,013.04) (327.01)
NET CASH (USED IN) /GENERATED FROM FINANCING ACTIVITIES ( C ) 3,707.01 (2,393.26)
Net increase / (decrease) in cash and cash equivalents (A+B+C) 1,644.47 (2,459.93)
Cash and cash equivalents at the beginning of the year 1,931.84 4,391.77
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 3,576.31 1,931.84
Components of cash and cash equivalents as per Note 20
Cash in hand 45.46 60.47
Balance with scheduled banks - Current account 3,041.46 1,457.31
                                                       - Deposit account 449.35 406.21
Unclaimed dividend accounts * 40.04 7.85
CASH AND CASH EQUIVALENTS CONSIDERED FOR CASH FLOWS STATEMENT 3,576.31 1,931.84
* Not available for use by the management for any other purpose
Summary of significant accounting policies                                                       Note 3

As per our report of even date


For S.R. Batliboi & Associates LLP
Chartered Accountants
ICAI Firm Registration No. 101049W


per Vikram Mehta
Partner
Membership No.: 105938

Place : Mumbai
Date : May 22, 2014



For and behalf of the Board of Directors of
Jyothy Laboratories Limited



M.P. Ramachandran
Chairman and Managing Director


M.L. Bansal
Company Secretary
K. Ullas Kamath
Joint Managing Director


Place : Mumbai
Date : May 22, 2014