STANDALONE FINANCIAL STATEMENTS
FORTY THIRD ANNUAL REPORT 2019-20
| Notes | Year ended March 31, 2020 |
Year ended March 31, 2019 |
||
| A | CASH FLOW FROM OPERATING ACTIVITIES | |||
| Profit before tax | 20,350.92 | 13,118.77 | ||
| Adjustments for: | ||||
| Depreciation, Amortisation and Impairment | 147.74 | 66.53 | ||
| Impairment on Financial Instruments (Expected Credit Loss) | 5,913.10 | 935.00 | ||
| Expense on Employee Stock Option Scheme | 13.64 | 211.09 | ||
| Net gain on fair value changes | (9,119.04) | (552.11) | ||
| Interest Expense | 30,797.57 | 27,672.04 | ||
| Interest Income | (43,942.11) | (39,240.24) | ||
| Profit on Sale of Investments | (3,523.75) | (1,212.35) | ||
| (Profit) / Loss on Sale of Investment Properties and Fixed Assets (Net) | (35.11) | (66.97) | ||
| Utilisation of Shelter Assistance Reserve | (3.11) | (14.94) | ||
| Operating Profit before Working Capital changes and adjustment for interest received and paid | 599.85 | 916.82 | ||
| (Increase) / Decrease in Financial Assets and Non Financial Assets | (3,217.84) | (2,569.73) | ||
| Increase / (Decrease) in Financial and Non Financial Liabilities | 1,669.33 | 160.31 | ||
| Cash used in Operations before adjustments for interest received and paid | (948.66) | (1,492.60) | ||
| Interest Received | 43,505.61 | 38,880.79 | ||
| Interest Paid | (30,564.30) | (26,731.53) | ||
| Taxes Paid | (2,961.68) | (2,313.05) | ||
| Net cash from Operations | 9,030.97 | 8,343.61 | ||
| Loans disbursed (net) | (45,344.63) | (43,919.93) | ||
| Corporate Deposits (net) | 1,010.50 | (412.08) | ||
| Investment in Cash Management Schemes of Mutual Funds (Net) | (8,524.44) | (5,177.10) | ||
| Net cash used in operating activities | A | (43,827.60) | (41,165.50) | |
| B CASH FLOW FROM INVESTING ACTIVITIES | ||||
| Purchase of Fixed Assets | (78.06) | (47.54) | ||
| Sale of Fixed Assets | 0.89 | 0.89 | ||
| Net Cash used for Fixed Assets | (77.17) | (46.65) | ||
| Purchase of Investment Properties | (278.73) | (7.97) | ||
| Sale of Investment Properties | 65.43 | 122.04 | ||
| Net Cash flow from / used for Investment Properties | (213.30) | 114.07 | ||
| Investments | ||||
| - in Subsidiary Companies | (2,156.72) | (121.24) | ||
| - in Associates Companies | (86.71) | (8,569.75) | ||
| Other Investments : | ||||
| - Purchase of Investments | (5,571.92) | (2,066.98) | ||
| - Sale of Investments | 612.45 | 738.75 | ||
| Sale of Investments in subsidiaries | 1,639.14 | 0.00 | ||
| Net cash used for investing activities | B | (5,854.23) | 9,951.80 | |
| C | CASH FLOW FROM FINANCING ACTIVITIES | |||
| Share Capital - Equity | 2.12 | 9.11 | ||
| Securities Premium received | 1,280.66 | 6,290.74 | ||
| Sale proceeds of Investments in Subsidiary Companies | 1,903.27 | 1,248.87 | ||
| Borrowings and Deposits (Net) | 54,078.02 | 45,181.50 | ||
| Proceeds from Debt Securities and Subordinated Liabilities | 1,02,820.65 | 1,52,226.75 | ||
| Repayment of Debt Securities and Subordinated Liabilities | (1,04,018.86) | (1,50,730.34) | ||
| Dividend paid - Equity Shares | (3,021.60) | (3,407.56) | ||
| Tax paid on Dividend | (581.35) | (573.10) | ||
| Net cash from financing activities | C | 52,462.91 | 50,245.97 | |
| Net Decrease in cash and cash equivalents | [A+B+C] | 2,781.08 | (871.33) | |
| Add : Cash and cash equivalents as at the beginning of the year | 360.80 | 1,232.13 | ||
| Cash and cash equivalents as at the end of the year | 3,141.88 | 360.80 | ||
| Components of cash and cash equivalents | ||||
| Cash on hand | 0.14 | 0.44 | ||
| In Current Accounts | 3,110.38 | 277.71 | ||
| In Deposit accounts with original maturity of 3 months or less | - | - | ||
| Cheques on hand | 31.36 | 82.65 | ||
| Total | 3,141.88 | 360.80 | ||
Note 1:
During the year, the Corporation has received Dividend of ` 1,080.68 Crore (Previous year ` 1,130.64 Crore).
Note 2:
Net movement in Borrowings (including Debt Securities), Deposits and Subordinated Liabilities amounting to ` 52,887.25 Crore
(Previous year ` 45,550.00 Crore) includes fresh issuance, repayments and effect of changes in foreign exchange rates.
See accompanying notes to the standalone financial statements
As per our report of even date attached.
For B S R & Co. LLP
Chartered Accountants
Firms’ Regst. No: 101248W/W-100022
Deepak S. Parekh
Chairman
(DIN: 00009078)
Akeel Master
Partner
Membership No. 046768
Keki M. Mistry
Vice Chairman &
Chief Executive Officer
(DIN: 00008886)
Renu Sud Karnad
Managing Director
(DIN: 00008064)
MUMBAI, May 25, 20200
Directors
J. J. Irani
(DIN: 00311104)
Nasser Munjee
(DIN: 00010180)
U. K. Sinha
(DIN: 00010336)
Jalaj Dani
(DIN: 00019080)
Bhaskar Ghosh
(DIN: 06656458)
Ireena Vittal
(DIN: 05195656)
V. Srinivasa Rangan
Executive Director &
Chief Financial Officer
(DIN: 00030248)
Ajay Agarwal
Company Secretary
(FCS: 9023)
