PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

144 PRIVI SPECIALITY CHEMICALS LIMITED (Formerly known as Fairchem Speciality Limited) (Currency: Indian Rupees in lakhs) Year ended March 31, 2021 Year ended March 31, 2020 (Restated) A Cash flow from operating activities Profit before tax after exceptional items 15,822.24 19,263.29 Adjustment for: Depreciation and amortisation 6,831.07 5,436.91 Amortisation of right of use assets 268.89 240.25 Gain on write-back of Financial liabilities measured at amortised cost (1.72) (7.78) Sundry balances w/off 117.45 29.53 Unrealised foreign exchange loss (gain) 1,201.12 (1,324.73) Fair value gain on Investments – (0.08) Interest income (48.10) (77.01) Finance costs 2,141.02 3,410.91 Profit on sale of property, plant and equipment (0.30) – Provision for doubtful debts – 15.58 Provision for doubtful advances – 160.00 Operating cash flow before working capital changes 26,331.67 27,146.87 Movements in Working Capital (Increase) / decrease in trade receivables (1,670.67) 8,061.32 (Increase) / decrease in inventories (1,381.39) 151.69 (Increase) in other assets (1,938.87) (113.40) Increase / (decrease) in trade payables 1,856.54 (3,578.53) (Decrease) in other current liabilities and provisions (2,019.77) (3,407.17) (5,154.16) 1,113.91 Cash generated from operations 21,177.51 28,260.78 Income taxes paid (3,967.82) (6,655.08) Net Cash generated from / (used in) operating activities [A] 17,209.69 21,605.70 B Cash flow from investing activities Purchase of property, plant & equipment (24,279.27) (18,032.68) Proceeds from sale of property, plant & equipment 1.46 – Sale / (purchase) of investments 105.11 (105.03) (Investment in)/ realisation from fixed deposits (net) (26.68) 501.70 Interest received 47.74 79.27 Net Cash (used in) investing activities [B] (24,151.64) (17,556.74) C Cash flow from financing activities Proceeds from long-term borrowings 14,111.74 7,629.53 Repayment of long-term borrowings (2,098.80) (2,115.00) (Repayment) / Proceeds of short term borrowings (net) (8,980.29) 1,639.70 Repayment of lease liabilities (254.73) (220.25) Dividend paid including dividend distribution tax (585.94) – Payment on account of the scheme of arrangement for demerger of the company – (753.47) Interest paid (2,176.52) (3,381.22) Net Cash generated from financing activities [C] 15.46 2,799.29 Net (decrease) / increase in cash and cash equivalents (A+B+C) (6,926.49) 6,848.25 Cash and cash equivalents at the beginning of the year 8,471.81 1,623.56 Cash and cash equivalents at end of the year (refer note 11) 1,545.32 8,471.81 CONSOLIDATED STATEMENT OF CASH FLOWS for the year ended March 31, 2021