Consolidated Statement of Cash Flows

( In Crore)

  •  
    For the year ended 31 March
  • Particulars
    2019
    2018
  • I. Operating activities
     
     
  • Profit before tax
    6,179.16
    3,843.44
  • Adjustments for:
     
     
  • Interest income
    (16,348.75)
    (11,585.50)
  • Depreciation and amortisation
    144.15
    102.07
  • Impairment on financial instruments
    1,501.35
    1,030.49
  • Net (gain)/loss on disposal of property, plant and equipment
    (3.39)
    0.37
  • Finance costs
    6,623.56
    4,613.90
  • Share based payment to employees
    74.79
    45.01
  • Net (gain)/loss on financial instruments at fair value through profit or loss (FVTPL)
    (297.90)
    (214.64)
  • Service fees for management of assigned portfolio of loans
    (68.77)
    (67.66)
  • Dividend income (₹ 12,000, previous year ₹ 10,688)
     
     
  •  
    (2,195.80)
    (2,232.52)
  • Cash inflow from service asset
    74.41
    67.66
  • Cash inflow from interest on loans
    16,148.51
    11,446.53
  • Cash outflow towards finance cost
    (6,344.49)
    (4,181.56)
  • Cash generated from operation before working capital changes
    7,682.31
    5,100.11
  •  
     
     
  • Working capital changes
     
     
  • (Increase)/decrease in trade receivables
    (220.17)
    (181.28)
  • (Increase)/decrease in other receivables
    (38.52)
    8.56
  • (Increase)/decrease in loans
    (34,848.03)
    (24,643.06)
  • (Increase)/decrease in other financial assets
    (50.20)
    228.96
  • (Increase)/decrease in other non-financial assets
    1.14
    (38.93)
  • Increase/(decrease) in trade payables
    117.83
    157.90
  • Increase/(decrease) in other payables
    75.16
    114.71
  • Increase/(decrease) in other financial liabilities
    248.46
    105.77
  • Increase/(decrease) in provisions
    (4.63)
    3.55
  • Increase/(decrease) in other non-financial liabilities
    104.96
    61.70
  •  
    (34,614.00)
    (24,182.12)
  • Income tax paid (net of refunds)
    (2,215.32)
    (1,483.58)
  • Net cash used in operating activities (I)
    (29,146.69)
    (20,565.59)
  •  
     
     
  • II. Investing activities
     
     
  • Purchase of property, plant and equipment
    (300.43)
    (134.95)
  • Proceeds from sale of property, plant and equipment
    31.24
    1.03
  • Purchase of other intangible assets
    (97.80)
    (72.93)
  • Purchase of investments measured at amortised cost
    (44.89)
    (42.42)
  • Proceeds from investments measured at amortised cost
    33.60
    0
  • 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
    (475,228.84)
    (225,363.70)
  • Proceeds from sale of investments measured at FVTPL
    470,558.01
    226,942.43
  • Purchase of equity investments designated at FVOCI
    0
    (225.00)
  • Dividend received (₹ 12,000, Previous year ₹ 10,688)
     
     
  • Interest received on investments measured at FVTPL and FVOCI
    119.81
    104.09
  • Net cash generated from/(used in) investing activities (II)
    (5,375.79)
    1,075.43
  •  
     
     
  • 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
    3,440.98
  • Debt securities issued (net)
    12,922.92
    7,547.08
  • Borrowings other than debt securities issued (net)
    16,564.19
    3,643.71
  • Subordinated debts issued
    -
    600.00
  • Net cash generated from financing activities (III)
    34,531.33
    19,503.35
  •  
     
     
  • Net increase/(decrease) in cash and cash equivalents (I+II+III)
    8.85
    13.19
  • Cash and cash equivalents at the beginning of the year
    338.17
    324.98
  • Cash and cash equivalents at the end of the year
    347.02
    338.17

• The above statement of cash flows has been prepared under the indirect method as 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