Statement of Cash Flows

( In Crore)

  •  
    For the year ended 31 March
  • Particulars
    2019
    2018
  • I. Operating activities
     
     
  • Profit before tax
    6,035.30
    3,831.22
  • Adjustments for :
     
     
  • Interest income
    (15,345.64)
    (11,511.38)
  • Depreciation and amortisation
    137.37
    101.96
  • Impairment on financial instruments
    1,476.29
    1,026.02
  • Net gain/(loss) on disposal of property, plant and equipment
    (3.65)
    0.37
  • Finance costs
    5,938.85
    4,566.95
  • Share based payment to employees
    74.79
    45.01
  • Net (gain)/loss on financial instruments at fair value through profit or loss (FVTPL)
    (256.73)
    (183.43)
  • Service fees for management of assigned portfolio of loans
    (62.90)
    (67.66)
  • Dividend income (₹ 12,000, previous year ₹ 10,688)
     
     
  •  
    (2,006.32)
    (2,190.94)
  • Cash inflow from interest on loans
    15,200.71
    11,420.37
  • Cash inflow from service asset
    68.54
    67.66
  • Cash outflow towards finance cost
    (5,862.63)
    (4,148.28)
  • Cash generated from operation before working capital changes
    7,400.30
    5,148.81
  •  
     
     
  • Working capital changes
     
     
  • (Increase)/decrease in trade receivables
    (220.17)
    (181.28)
  • (Increase)/decrease in other receivables
    (32.95)
    8.59
  • (Increase)/decrease in loans
    (21,110.43)
    (21,112.13)
  • (Increase)/decrease in other financial assets
    (48.09)
    232.89
  • (Increase)/decrease in other non-financial assets
    1.11
    (36.59)
  • Increase/(decrease) in trade payables
    108.37
    151.51
  • Increase/(decrease) in other payables
    48.70
    79.59
  • Increase/(decrease) in other financial liabilities
    162.22
    (67.84)
  • Increase/(decrease) in provisions
    (6.47)
    3.06
  • Increase/(decrease) in other non-financial liabilities
    91.46
    54.67
  •  
    (21,006.25)
    (20,867.53)
  • Income tax paid (net of refunds)
    (2,169.75)
    (1,472.56)
  • Net cash used in operating activities (I)
    (15,775.70)
    (17,191.28)
  •  
     
     
  • II. Investing activities
     
     
  • Purchase of property, plant and equipment
    (263.78)
    (134.16)
  • Proceeds from sale of property, plant and equipment
    30.45
    1.02
  • Purchase of intangible assets
    (91.00)
    (72.88)
  • Purchase of investments measured at amortised cost
    (44.89)
    (42.42)
  • Proceeds from investments measured at amortised cost
    33.60
  • Purchase of investments measured at FVOCI
    (646.56)
    (607.43)
  • Proceeds from sale of investments measured at FVOCI
    200.07
    474.31
  • Purchase of investments measured at FVTPL
    (401,671.20)
    (213,853.42)
  • Proceeds from sale of investments measured at FVTPL
    397,722.00
    216,065.66
  • Purchase of equity investments designated at FVOCI
    (225.00)
  • Dividend received (₹ 12,000, Previous year ₹ 10,688)
     
     
  • Interest received on investments measured at FVTPL and FVOCI
    114.11
    99.26
  • Investment in subsidiaries
    (2,020.38)
    (1,200.00)
  • Net cash generated from/(used in) investing activities (II)
    (6,637.58)
    504.94
  •  
     
     
  • III. Financing activities
     
     
  • Issue of equity share capital (including securities premium)
    57.45
    4,537.97
  • Share issue expenses
    (29.26)
  • Dividends paid
    (230.15)
    (196.83)
  • Dividend distribution tax paid
    (47.52)
    (40.30)
  • Deposits received (net)
    5,264.44
    3,440.84
  • Debt securities issued (net)
    7,549.94
    5,518.65
  • Borrowings other than debt securities issued (net)
    9,831.79
    2,757.91
  • Subordinated debts issued
    600.00
  • Net cash generated from financing activities (III)
    22,425.95
    16,588.98
  •  
     
     
  • Net increase/(decrease) in cash and cash equivalents (I+II+III)
    12.67
    (97.36)
  • Cash and cash equivalents at the beginning of the year
    227.33
    324.69
  • Cash and cash equivalents at the end of the year
    240.00
    227.33

• The above statement of cash flows has been prepared under the indirect method set out in Ind AS 7 'Statement of Cash Flows'.

• Components of cash and cash equivalents are disclosed in note no. 5.

  • As per our report of even date

    On behalf of the Board of Directors

  • For S R B C & CO LLP

    Chartered Accountants

    ICAI Firm registration number: 324982E/E300003

    Sandeep Jain

    Chief Financial Officer

    Nanoo Pamnani

    Vice Chairman and
    Chairman – Audit Committee

    Rahul Bajaj

    Chairman

  • per Arvind Sethi

    Partner

    Membership Number: 089802

    R Vijay

    Company Secretary

    Rajeev Jain

    Managing Director

    Sanjiv Bajaj

    Vice Chairman

  • Pune: 16 May 2019