GSK_ Annual_Report_2021-22

183 BIDDLE SAWYER LIMITED Cash Flow Statement for the year ended March 31, 2022 As per our report of even date attached For and on behalf of the Board For CORNELIUS & DAVAR CHARTERED ACCOUNTANTS (Firm’s Registration No.101963W) S. Venkatesh Director DIN: 07263117 J. Chandy Director DIN: 09530618 RUSTOM D. DAVAR (PARTNER) Membership No. F10620 R. Mota Company Secretary ACS 38473 Place : Mumbai Date: May 9, 2022 UDIN: 22010620AIQVGD8202 Place : Mumbai Date: May 9, 2022 ` in Lakhs Year Ended March 31, 2022 Year Ended March 31, 2021 A. CASH FLOW FROM OPERATING ACTIVITIES Profit/(Loss) before income tax and exceptional items 5,60.48 76.22 Adjustments for : Provision for doubtful loans and advances - - Provisions written back (0.67) - Interest income classified as investing cash flows (0.11) (38.71) Finance cost 45.43 - Change in operating assets and liabilities (Increase)/Decrease in Inventories 1,37.74 (23,35.96) (Increase) / Decrease in other assets (5,55.30) (12,79.31) Increase /(Decrease) in Trade payables 6,02.57 18,85.37 (Decrease) / Increase in Other liabilities (16,86.86) 1.28 Cash generated from operations (8,96.72) (16,91.11) Income taxes paid (net of refunds) (7.64) (4.34) Cash flow before exceptional items (9,04.36) (16,95.45) Net cash outflow from operating activities A (9,04.36) (16,95.45) B. CASH FLOW FROM INVESTING ACTIVITIES (Purchase) / sale of bank deposits with maturity period more than 3 months but less than 12 months - (73,00.00) Redemption in bank deposits with maturity period more than 3 months but less than 12 months - 83,01.45 Interest received 0.03 44.36 Net cash inflow from investing activities B 0.03 10,45.81 c. CASH FLOW FROM FINANCING ACTIVITIES Proceeds from borrowings 14,60.00 - Repayments of borrowings - Interest paid (44.80) - Dividend paid - - Tax on Dividend - - Net cash used in financing activities C 14,15.20 - Net increase / (decrease) in cash and cash equivalents (A + B + C) 5,10.87 (6,49.64) Cash and cash equivalents as at 1st April, 2021 (opening balance) 28.72 6,78.36 Cash and cash equivalents as at 30st March, 2022 (closing balance) 5,39.59 28.72 Net increase / (decrease) in cash and cash equivalents 5,10.87 (6,49.64) NOTES: Cash and cash equivalents include: Balances with banks 5,39.59 28.72 Total cash and cash equivalents 5,39.59 28.72 The Cash Flow Statement has been prepared under the “Indirect Method” as set out in Indian Accounting Standard-7 on Cash Flow Statements issued by the Institute of Chartered Accountants of India.