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eClerx Services Limited

88
Consolidated Balance Sheet as at March 31, 2013
(Rupees in million)
Note As at
March 31, 2013
As at
March 31, 2012
EQUITY AND LIABILITIES
Shareholders Funds
Share Capital 3 298.75 290.57
Reserves & Surplus 4 4,084.53 3,138.62
4,383.28 3,429.19
Share Application Money Pending Allotment 5 - 2.82
Non Current Liabilities
Deferred Tax Liability (Net) (refer note 24) 9.93 1.73
Long-term Provisions 6 72.59 45.08
82.52 46.81
Current Liabilities
Trade Payables 7 225.43 160.86
Other Current Liabilities 8 67.68 50.61
Short-term Provisions 9 1,262.46 925.68
1,555.57 1,137.15
TOTAL 6,021.37 4,615.97
ASSETS
Non Current Assets
Fixed Assets
Tangible Assets 10 552.98 415.66
Intangible Assets 10 794.91 28.07
Capital work in Progress 7.34 45.00
Non-current Investments 11 0.30 0.30
Deferred Tax Assets (Net) (refer note 24) 22.70 9.29
Long-term Loans and Advances 12 99.91 82.07
1,478.14 580.39
Current Assets
Current Investments 11 351.56 998.84
Trade Receivables 13 654.77 421.84
Cash & Bank Balances 14 2,348.53 1,686.61
Short-term Loans and Advances 12 473.40 292.66
Other Current Assets 15 714.97 635.63
4,543.23 4,035.58
TOTAL 6,021.37 4,615.97
Notes 1 to 34 form an integral part of these fnancial statements
As per our report of even date For and on behalf of the Board of Directors
For Walker, Chandiok & Co
Chartered Accountants
V.K. Mundhra P. D. Mundhra Anjan Malik Biren Gabhawala
Khushroo B. Panthaky Chairman Executive Director Director Director
Partner
Rohitash Gupta Gaurav Tongia
Place: Mumbai Chief Financial Offcer Company Secretary
Date: May 24, 2013
Annual Report 2012-13
89
Consolidated Statement of Proft and Loss for the year ended March 31, 2013
(Rupees in million)
Note Year ended
March 31, 2013
Year ended
March 31, 2012
INCOME
Revenue from Operations 6,605.34 4,728.85
Other Income (net) 16 (181.78) 223.00
6,423.56 4,951.85
EXPENDITURE
Employee beneft expenses 17 2,952.88 2,038.69
Other expenses 18 1,105.93 792.78
Depreciation and amortisation expenses 10 255.36 128.88
4,314.17 2,960.35
Proft before taxes 2,109.39 1,991.50
Provision for taxation
- Current Income Tax 403.80 394.66
- Deferred Income Tax (10.43) (0.89)
393.37 393.77
Proft after tax 1,716.02 1,597.73
Earnings per share (refer note 29)
Weighted average number of equity shares outstanding during
the year
- Basic 29,417,374 28,975,290
- Diluted 30,147,349 30,148,895
Earning per share (in Rs.)
- Basic 58.33 55.14
- Diluted 56.92 52.99
Nominal value of shares (Rs) 10 10
Notes 1 to 34 form an integral part of these fnancial statements
As per our report of even date For and on behalf of the Board of Directors
For Walker, Chandiok & Co
Chartered Accountants
V.K. Mundhra P. D. Mundhra Anjan Malik Biren Gabhawala
Khushroo B. Panthaky Chairman Executive Director Director Director
Partner
Rohitash Gupta Gaurav Tongia
Place: Mumbai Chief Financial Offcer Company Secretary
Date: May 24, 2013
eClerx Services Limited
90
Consolidated Cash Flow Statement for the year ended March 31, 2013
(Rupees in million)
Year ended
March 31, 2013
Year ended
March 31, 2012
A. CASH FLOW FROM OPERATING ACTIVITIES
Net Proft Before Tax and Exceptional Items 2,109.39 1,991.50
Depreciation 180.20 128.88
Goodwill Amortisation 75.16 -
Stock Options Outstanding 3.69 2.78
Proft on Sale of Investments (0.03) (0.01)
Loss on Sale of assets 1.70 4.38
Provision for Doubtful debts (0.22) 0.22
Bad Debts Written off - 2.84
Dividend Income (27.77) (40.26)
Interest Income (57.97) (98.79)
Operating Proft Before Working Capital Changes 2,284.15 1,991.54
Adjustments for :
Trade Receivables (232.71) 234.48
Long-term Loans and Advances (17.84) (15.61)
Short-term Loans and Advances (166.61) (75.26)
Other Current Assets (79.34) (224.02)
Long-term Provisions 27.51 19.96
Trade Payables 64.57 57.88
Other Current Liabilities 17.07 3.02
Short term Provision 39.29 112.92
Cash Generated by Operating Activities 1,936.09 2,104.91
Income Taxes paid (net of refunds) (403.23) (384.38)
Net Cash Generated by Operating Activities 1,532.86 1,720.53
B. CASH FLOW FROM INVESTING ACTIVITIES :
Sale of Investments 4,219.23 2,681.77
Purchase of Investments (3,571.92) (3,402.32)
Payment for acquisition of business, net of cash acquired (814.45) -
Sale of Fixed Assets 0.09 0.36
Purchase of Fixed Assets (including Capital work in progress) (267.25) (251.25)
Interest received 57.97 98.79
Dividend received 27.77 40.26
Net Cash used in Investing Activities (348.56) (832.39)
Annual Report 2012-13
91
Consolidated Cash Flow Statement for the year ended March 31, 2013
(Rupees in million)
Year ended
March 31, 2013
Year ended
March 31, 2012
C. CASH FLOW FROM FINANCING ACTIVITIES :
Proceeds from equity issued 70.40 33.72
Dividend Paid (513.82) (652.30)
Dividend Tax Paid (83.35) (105.82)
Net Cash used in Financing Activities (526.77) (724.40)
Effect of Exchange fuctuation on Cash and Cash Equivalents 4.39 7.59
Net (Decrease) / Increase in Cash and cash equivalents 661.92 171.33
Cash and Cash Equivalents at the beginning of the year 1,686.61 1,515.28
Cash and Cash Equivalents at the end of the year (refer note 14) 2,348.53 1,686.61
As per our report of even date For and on behalf of the Board of Directors
For Walker, Chandiok & Co
Chartered Accountants
V.K. Mundhra P. D. Mundhra Anjan Malik Biren Gabhawala
Khushroo B. Panthaky Chairman Executive Director Director Director
Partner
Rohitash Gupta Gaurav Tongia
Place: Mumbai Chief Financial Offcer Company Secretary
Date: May 24, 2013