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 10,630.20 4,403.58
Adjustment to reconcile profit before tax to net cash flow
Depreciation, amortisation and impairment (net) 6,160.41 6,164.52
Loss on fixed assets discarded 2.87 5.61
Profit on sale of fixed assets (0.66) (3.28)
Profit on sale of current investments (345.46) -
Interest and finance charges 5,311.34 6,608.27
Interest income (5,176.41) (4,815.60)
Share in loss of Partnership Firm 30.87 -
Liabilities no longer required written back (net) (336.25) (45.47)
Foreign exchange fluctuation gain (net) (9.55) -
Provision for doubtful debts 150.00 22.93
Provision for doubtful advances 58.45 30.96
Operating profit before working capital changes 16,475.81 12,371.52
Movements in working capital :
Increase/ (decrease) in trade payables (360.46) (1.53)
Increase / (decrease) in provisions 377.02 396.12
Increase/ (decrease) in other liabilities 410.38 1,053.68
Decrease / (increase) in trade receivables 456.26 (3,125.74)
Decrease / (increase) in inventories 625.44 (5,422.65)
Decrease / (increase) in Loans and advances (1,423.67) (2,773.37)
Decrease / (increase) in other current assets 19.39 (148.12)
Cash generated from operations 16,580.17 2,349.91
Taxes paid (net) (1,931.86) (1,642.93)
NET CASH (USED IN) / GENERATED FROM OPERATING ACTIVITIES ( A ) 14,648.31 706.98
B. CASH FLOWS PROVIDED BY/(USED IN) INVESTING ACTIVITIES:
Purchase of fixed assets including capital work-in-progress and Capital Advances (2,004.40) (893.00)
Proceeds from sale of fixed assets 35.62 28.58
Investment in fixed deposit (having original maturity of more than three months) (579.33) (785.24)
Investment in shares of subsidiaries (6,937.03) (435.29)
Investment in Mutual Fund (36,345.46) -
Proceed from sale of Mutual Fund Investments 30,745.46 -
Investment in partnership firm (15.00) (73.75)
Loan given to subsidiary company (8,214.43) (5,109.45)
Proceeds of loan given to subsidiary company 202.00 2,302.06
Interest Income received 5,203.39 4,806.57
NET CASH USED IN INVESTING ACTIVITIES ( B ) (17,909.18) (159.52)
C. CASH FLOWS PROVIDED BY/(USED IN) FINANCING ACTIVITIES:
Interest and finance charges paid (5,548.63) (5,993.82)
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 (14,600.28) (21,602.17)
Repayment of long-term borrowings (43,017.45) -
Issue of Debentures 46,500.00 5,000.00
Expenditure 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 ) 4,465.78 (3,027.60)
Net increase / (decrease) in cash and cash equivalents (A+B+C) 1,204.91 (2,480.14)
Cash and cash equivalents at the beginning of the year 1,185.47 3,267.45
Cash and cash equivalents acquired pursuant to merger of Jyothy
Consumer Products limited - 398.16
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 2,390.38 1,185.47
Components of cash and cash equivalents as per Note 20
Cash in hand 15.87 17.56
Balance with scheduled banks - Current account 2,334.47 1,160.06
Unclaimed dividend accounts * 40.04 7.85
CASH AND CASH EQUIVALENTS CONSIDERED FOR CASH FLOWS STATEMENT 2,390.38 1,185.47
* 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