Consolidated Statement of Cash Flows

 

( ` Millions)

Particulars
Year ended
March 31, 2015
Year ended
March 31, 2014
Cash flows from operating activities
Profit before tax  107,130 78,643
Adjustments for -  
Depreciation and amortisation  155,311 156,496
Finance income  (24,788) (10,408)
Finance costs  73,252 58,788
Share of results of joint ventures and associates  (7,223) (5,211)
Exceptional items (net)  1,941 (2,481)
Amortisation of share based compensation  (4) 8
Other non-cash items (45) (789)
Operating cash flow before changes in assets and liabilities  305,574 275,046
Trade & other receivables and prepayments  (11,144) 2,072
Inventories  (2) (147)
Trade and other payables  14,203 16,818
Provisions  1,144 2,511
Other financial and non financial liabilities  (99) 10,506
Other financial and non financial assets (5,741) (14,227)
Cash generated from operations  303,935 292,579
Interest received  1,307 1,688
Dividend from mutual funds  480 898
Dividend received  16,407 2,200
Income tax paid (46,111) (35,039)
Net cash inflow from operating activities  276,018 262,326
Cash flows from investing activities
Purchase of property, plant and equipment  (146,411) (114,159)
Proceeds from sale of property, plant and equipment  2,595 4,360
Purchase of intangible assets  (65,970) (64,860)
Short term investments (net)  (13,821) (21,998)
Purchase of non-current investments  (3,078) (8,842)
Sale of non-current investments  5,618 -
Investment in subsidiary, net of cash acquired (refer note 7)  (358) (6,044)
Sale / Demerger of subsidiary  1,021 (8,009)
Investment in joint venture / associate  (10) (2)
Proceeds from Joint venture on account of capital reduction  87 -
Loan given to joint venture / associate (Refer note 34) (154) (30,179)
Net cash outflow from investing activities  (220,481) (249,733)
Cash flows from financing activities
Proceeds from borrowings  344,586 361,215
Repayment of borrowings  (420,325) (348,425)
Short term borrowings (net)  3,288 1,462
Repayment of loan to joint venture  (9,173) -
Interest and other finance charges paid  (33,887) (37,620)
Proceeds from exercise of share options  552 98
Dividend paid (including tax) to Company's shareholders (refer note 31)  (16,034) (4,439)
Dividend paid (including tax) to non - controlling interests  (5,365) (2,296)
Proceeds from issuance of equity shares to institutional investor  - 67,956
Sale of interest in a subsidiary to non-controlling interest (refer note 7)  40,412 -
Acquisition of non-controlling interests (refer note 7) (624) (10,207)
Net cash inflow/ (outflow) from financing activities  (96,570) 27,744
Net increase/ (decrease) in cash and cash equivalents during the year  (41,033) 40,337
Effect of exchange rate changes on cash and cash equivalents  43 (2,073)
Add : Balance as at the beginning of the year  39,575 1,311
Balance as at the end of the year (refer note 25)  (1,415) 39,575
The accompanying notes are an integral part of these financial statements
For S. R. Batliboi & Associates LLP
Chartered Accountants
ICAI Firm Registration No: 101049W
For and on behalf of the Board of Directors of Bharti Airtel Limited
per Nilangshu Katriar
Partner
Membership No: 58814
Sunil Bharti Mittal
Chairman
Gopal Vittal
Managing Director
& CEO (India & South Asia)
Place: New Delhi
Date: April 28, 2015
Rajendra Chopra
Company Secretary
Srikanth Balachandran
Global Chief Financial Officer