Directors' report

Schedules to consolidated Cash Flow statement

in crore, except as otherwise stated

For the year ended March 31,			2011	2010
16	CHANGE IN SUNDRY DEBTORS
	As per the Balance Sheet		4,653	3,494
	Less : Opening balance considered		3,494	3,672
	Sundry debtors pertaining to acquired business		–	16
			1,159	(194)
17	CHANGE IN LOANS AND ADVANCES
	As per the Balance Sheet⁽¹⁾		5,320	4,197
	Less : Gratuity obligation – unamortized amount relating to plan amendment⁽²⁾		22	26
	Deposits with financial institutions, included in cash and cash equivalents⁽³⁾		1,571	1,555
	MAT credit entitlement		63	42
	Advance income taxes		993	667
	Interest accrued and not due		25	19
			2,646	1,888
	Less : Opening balance considered		1,888	1,388
	Opening balance of loans and advances pertaining to controlled trusts and acquired business		–	62
			758	438
	⁽¹⁾	Net of gratuity transitional liability
	^⁽²⁾	Refer to note 24.2.18
	^⁽³⁾	Excludes restricted deposits held with LIC of 437 crore (337 crore) for funding employee related obligations
18	CHANGE IN CURRENT LIABILITIES AND PROVISIONS
	As per the Balance Sheet		5,317	4,455
	Less : Unclaimed dividend		3	2
	Gratuity obligation – unamortized amount relating to plan amendment		22	26
	Retention monies		26	72
	Payable for acquisition of business		65	68
	Provisions considered separately in cash flow statement
	Dividends		1,149	861
	Tax on dividend		187	143
	Income taxes		817	724
			3,048	2,559
	Less : Opening balance considered		2,559	2,298
	Opening Balance of current liabilities and provisions pertaining to controlled trusts and acquired business		–	74
			489	187
19	INCOME TAXES PAID
	Charge as per the Profit and Loss account		2,490	1,681
	Add : Increase / (Decrease) in advance income taxes		326	393
	Increase / (Decrease) in deferred taxes⁽¹⁾		113	74
	Increase / (Decrease) in MAT credit entitlement		21	(242)
	Less : (Increase) / Decrease in income tax provision		93	143
	Income tax benefits arising from exercise of stock options		11	10
			2,846	1,753
	⁽¹⁾Excludes translation difference of 8 crore on deferred tax liabilities
20	PURCHASE OF FIXED ASSETS AND CHANGE IN CAPITAL WORK-IN-PROGRESS
	Additions as per Balance Sheet⁽¹⁾		1,143	943
	Less : Opening capital work-in-progress		409	677
	Add : Closing capital work-in-progress		525	409
	Add : Opening retention monies		72	55
	Less : Closing retention monies		26	72
			1,305	658
	⁽¹⁾	Net of 3 crore movement in land from leasehold to free-hold upon acquisition as at March 31, 2011 and excludes goodwill of 227 crore and net fixed assets of 5 crore pertaining to acquired business as at March 31, 2010.
21	INVESTMENTS IN / (DISPOSAL OF) SECURITIES⁽¹⁾
	As per the Balance Sheet		140	3,698
	Less : Opening balance considered		3,698	–
			(3,558)	3,698
	⁽¹⁾Refer to note 24.2.11 for details of investments and redemptions
22	INTEREST AND DIVIDEND RECEIVED
	Interest and dividend income as per Profit and Loss account		1,154	881
	Add : Opening interest accrued but not due		19	6
	Less : Closing interest accrued but not due⁽¹⁾		25	16
			1,148	871
	⁽¹⁾Excludes 3 crore pertaining to controlled trusts as of March 31, 2010
23	CASH AND CASH EQUIVALENTS AT THE END
	As per the Balance Sheet		15,095	10,556
	Add : Deposits with financial institutions (excluding interest accrued and not due)⁽¹⁾		1,571	1,555
			16,666	12,111
	⁽¹⁾	Excludes restricted deposits held with LIC of 437 crore (337 crore) for funding employee related obligations