For the year ended March 31,
| Schedule | 2010 |
2009 |
|
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net profit before tax and exceptional item | 7,472 | 6,714 | |
| Adjustments to reconcile net profit before tax to cash provided by operating activities | |||
| Provision for investments | (9) | – | |
| Depreciation | 807 | 694 | |
| Interest and dividend income | (844) | (838) | |
| Effect of exchange differences on translation of foreign currency cash and cash equivalents | 68 | (73) | |
| Changes in current assets and liabilities | |||
| Sundry debtors | 146 | (297) | |
| Loans and advances | 16 | (363) | (512) |
| Current liabilities and provisions | 17 | 252 |
304 |
| 7,529 | 5,992 | ||
| Income taxes paid | 18 | (1,653) | (840) |
| NET CASH GENERATED BY OPERATING ACTIVITIES | 5,876 | 5,152 | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchase of fixed assets and change in capital work-in-progress | 19 | (581) | (1,177) |
| Investments in subsidiaries | 20 (a) | (120) | (41) |
| Investments in other securities | 20 (b) | (3,497) | – |
| Interest and dividend received | 21 | 831 | 1,023 |
| CASH FLOWS FROM INVESTING ACTIVITIES BEFORE EXCEPTIONAL ITEM | (3,367) | (195) | |
| Proceeds on sale of long-term investments, net of taxes (refer to Note 23.2.26) | 53 | – | |
| NET CASH USED IN INVESTING ACTIVITIES | (3,314) | (195) | |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from issuance of share capital on exercise of stock options | 88 | 64 | |
| Dividends paid including residual dividend | (1,346) | (2,132) | |
| Dividend tax paid | (228) | (362) | |
| NET CASH USED IN FINANCING ACTIVITIES | (1,486) | (2,430) | |
| Effect of exchange differences on translation of foreign currency cash and cash equivalents | (68) | 73 | |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 1,008 | 2,600 | |
| CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR | 10,289 | 7,689 | |
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR |
22 |
11,297 | 10,289 |
SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS |
23 |
As per our report attached.
for B S R & Co.
Chartered Accountants
| Natrajan Ramkrishna Partner Membership no. : 32815 |
N. R. Narayana Murthy Chairman and Chief Mentor |
S. Gopalakrishnan Chief Executive Officer and Managing Director |
S. D. Shibulal Chief Operating Officer and Director |
Deepak M. Satwalekar Director |
| Prof. Marti G. Subrahmanyam Director |
Claude Smadja Director |
Dr. Omkar Goswami Director |
Rama Bijapurkar Director |
|
| Sridar A. Iyengar Director |
David L. Boyles Director |
Prof. Jeffrey S. Lehman Director |
K. V. Kamath Director |
|
| K. Dinesh Director |
T. V. Mohandas Pai Director |
Srinath Batni Director |
V. Balakrishnan Chief Financial Officer |
|
| Bangalore April 13, 2010 |
K. Parvatheesam Company Secretary |
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