Page 109 - Index

02-40 CORPORATE OVERVIEW 41-59 STATUTORY REPORTS
B) STATEMENT OF NET DISTRIBUTABLE CASH FLOWS (NDCFs) OF PVTL
Particulars
Profit after tax as per profit and loss account (standalone) (A)
Add: Depreciation, impairment and amortisation as per profit and loss account. In case of impairment reversal, same needs to be deducted from profit and loss.
Add: Interest on loans availed from Trust as per profit and loss account
Add: Interest on unpaid interest (on account of loans availed from Trust) as per profit and loss account
Add/Less: Decrease/Increase in working capital affecting the cash flow
Add/less: Loss/gain on sale of infrastructure assets
Add: Net Proceeds (after applicable taxes) from sale of infrastructure assets adjusted for the following:
- related debts settled or due to be settled from sale proceeds;
- directly attributable transaction costs;
- proceeds reinvested or planned to be reinvested as per Regulation 18(7)(a) of the InvIT Regulations
Add: Net Proceeds (after applicable taxes) from sale of infrastructure assets not distributed pursuant to an earlier plan to re-invest, if such proceeds are not intended to be invested subsequently.
Less: Capital expenditure, if any
Less: Investments made in accordance with the investment objective, if any
Add/less: Any other item of non-cash expense / non cash income (net of actual cash flows for these items), if deemed necessary by the Investment Manager, including but not limited to
- any decrease/increase in carrying amount of an asset or a liability recognised in profit and loss account on measurement of the asset or the liability at fair value;
- interest cost as per effective interest rate method (difference between accrued and actual paid); - deferred tax, lease rents, etc.
Less: Any provision or reserve deemed necessary by the Investment Manager for expenses which may be due in the intervening period till next proposed distribution, but for which there may not be commensurate amounts available by the date such expenses become due
Less: Repayment of external debt (principal) / redeemable preference shares / debentures, etc. / net cash set aside to comply with borrowing requirements under agreements including DSRA, net of any debt raised by refinancing of existing debt or/and any new debt raised
Add/ less: Amounts added or retained to make the distributable cash flows in accordance with the Transaction Documents or the loan agreements
Add/Less: Any other adjustment to be undertaken by the board of directors of the Investment Manager (the “IM Board”) to ensure that there is no double counting of the same item for the above calculation
Total Adjustments (B)
Net Distributable Cash Flows (C)=(A+B)
Note: During the period, amount not less than 90% of NDCF has already been distributed to PGInvIT.
₹ in million
60-147 FINANCIAL STATEMENTS Consolidated
For the year ended on 31 March 2022
921.27
227.94
1,005.99
-
27.33
-
-
-
-
-
-
-
-
-
-
-
(89.39)
-
-
-
(100.60)
1,071.27
1,992.54
POWERGRID Infrastructure Investment Trust 107