50
th
ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
94
THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
( A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)
CASH FLOW STATEMENT OF STANDALONE FOR THE YEAR ENDED 31st MARCH, 2016
2015-16
2014-15
Rupees
Rupees
Cash flows from operating activities
Surplus before tax
35,85,71,085
26,39,59,396
Transferred from reserve
-
-
Adjustments for depreciation and amortisation
2,93,23,550
3,90,37,510
Loss / (Profit) on sale of fixed assets (net)
(1,94,539)
(55,542)
Assets Discarded
54,745
26,444
Assets Donated
-
50,609
Interest/Dividend income
(13,63,54,012)
(11,12,76,400)
Operating cash flow before working capital changes
25,14,00,829
19,17,42,017
(Increase) / Decrease in sundry debtors
(80,24,915)
(46,89,913)
(Increase) / Decrease in short term loans and advances
7,42,53,441
(3,10,22,020)
(Increase) / Decrease in other current assets
1,61,96,892
46,42,163
(Decrease ) / Increase in current liabilities
(7,88,52,965)
55,59,174
Cash used by operating activities
25,49,73,283
16,62,31,421
Direct taxes paid
-
-
Net cash used by operating activities
25,49,73,283
16,62,31,421
Cash flows from investing activities
Purchase of fixed assets
(1,45,37,223)
(68,55,138)
Proceeds from sale of fixed assets
3,47,640
3,53,628
(Increase) / Decrease in Non-Current Assets
4,27,26,541
(16,09,47,465)
(Increase) / Decrease in Long Term Loans and Advances
(9,26,94,012)
(8,75,22,786)
Interest/Dividend income
13,63,54,012
11,12,76,400
Net cash used by investing activities
7,21,96,959
(14,36,95,361)
Cash flows from financing activities
(Decrease) /Increase in other long term liabilities
(21,66,000)
(20,40,000)
Net cash from the financing activities
(21,66,000)
(20,40,000)
Net (decrease) /increase in cash and cash equivalents
32,50,04,241
2,04,96,060
Cash and cash equivalents at beginning of period
97,04,99,915
95,00,03,854
Cash on Hand
1,86,741
1,23,958
Balance in Current and Savings Accounts
1,89,37,527
7,48,24,673
Liquid Term Deposits
-
-
Other Bank Deposits
95,13,75,646
87,50,55,223
Cash and cash equivalents at end of period
1,29,55,04,156
97,04,99,915
Cash on Hand
1,66,842
1,86,741
Balance in Current and Savings Accounts
3,33,58,500
1,89,37,527
Liquid Term Deposits
-
-
Other Bank Deposits
1,26,19,78,815
95,13,75,646
Notes:
1) The above cash flow statement has been prepared by using the indirect method as
per Accounting Standard 3 - "Cash flow Statements" issued by the Institute of
Chartered Accountants of India.
2) Figures in bracket represent outflows
3) Previous Year's figures have been recast /restated wherever necessary.
As per our attached Report of even date.
For and on behalf of
For and on behalf of the Council
AMJ & CO
FRN 128550W
Chartered Accountants
Praveen Shankar Pandya
Anil Virani
Chairman
Convener A & F Committee
(A.K.JHUNJHUNWALA)
Sabyasachi Ray
Sandeep Sharma
Partner
Executive Director
Chief Financial Officer
Membership No. 011778
MUMBAI,
MUMBAI,
DATED : 8th November, 2016
DATED : 8th November, 2016
THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
( A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)
CASH FLOW STATEMENT OF STANDALONE FOR THE YEAR ENDED 31st MARCH, 2016
As per our attached Report of even date.
For and on behalf of the Council
For and on behalf of
Sd/-
Sd/-
Praveenshankar Pandya
Anil Virani
1285 0W
Chairman
Convener A & F Sub Committee
artered Accountants
Sd/-
Sd/-
Sd/-
Sabyasachi Ray
Sandeep Sharma
(A.K.JHUNJHUNWALA)
Executive Director
Chief Financial Officer
Partner
Membership No. 011778
MUMBAI,
MUMBAI,
DATED : 8th November, 2016
DATED : 8th November, 2016
