Gillette_India_Limited_AR_20

Annual Report 2019-20 78 Gillette India Limited for the year ended June 30, 2020 Statement of Cash Flows Year ended June 30, 2020 ` in lakhs Year ended June 30, 2019 ` in lakhs A. Cash Flows from Operating Activities Profit before tax 31 397 33 905 Adjustments for: Depreciation expense 5 105 4 770 Loss on disposal of property, plant and equipment 82 300 Finance costs 544 785 Provision for doubtful receivables (net) 298 6 Interest income (760) (1 096) Net unrealised foreign exchange loss/(gain) 93 (437) Expense recognised in respect of equity settled share based payments 199 116 Operating profit before working capital changes 36 958 38 349 Working capital adjustments (Increase) in trade receivables (1 087) (727) (Increase) in financial assets (471) (1 723) (Increase) in inventories (5 026) (3 386) Decrease/(Increase) in other assets 460 (3 416) (Decrease) in trade and other payables (726) (5 438) Increase in provisions 525 4 327 Cash generated from operations 30 633 27 986 Income taxes paid (net of refund) (8 111) (14 568) Net cash generated from operating activities 22 522 13 418 B. Cash Flows from Investing Activities Payment to acquire property, plant and equipment (3 555) (7 547) Loans realised — 10 000 Loans given — (10 000) Interest received 652 1 110 (Decrease) in earmarked balances — (31) Net cash (used in) investing activities (2 903) (6 468)