Shifa International Hospitals Ltd.

24
2013 2012
Note (Rupees) (Rupees)
CASH FLOWS FROM OPERATING ACTIVITIES
Proft before taxation 539,888,578 370,956,054
Adjustments for:
Depreciation / amortization of property, plant and equipment 272,983,915 229,948,271
Provision for doubtful debts 12,601,413 13,223,976
Property, plant and equipment written off 3,743,082 2,696,515
Gain on disposal of property, plant and equipment (1,834,674) (2,268)
Provision for compensated absences 25,635,956 21,369,933
Provision for gratuity 26,489,550 20,224,336
Provision for slow moving 2,242,268 408,084
Liabilities written back (1,796,696) (1,527,693)
Proft on investments and bank deposits (25,280,474) (5,042,290)
Gain on foreign currency translation (398,600) (51,782)
Finance cost 190,278,919 150,799,775
Operating cash fows before changes in working capital 1,044,553,237 803,002,911
Changes in working capital:
(Increase) / decrease in current assets:
Stores, spare parts and loose tools (52,495,286) (43,307,965)
Stock-in-trade (3,681,731) (88,516,190)
Trade debts (1,254,557) (70,120,401)
Loans and advances (16,868,366) (29,170,427)
Trade deposits and short term prepayments (1,682,692) (1,788,922)
Increase in trade and other payables 32,669,732 198,814,731
Cash generated from operations 1,001,240,337 768,913,737
Finance cost paid (225,614,375) (126,124,513)
Income tax paid (68,223,433) (96,406,794)
Payment to gratuity fund (21,788,449) (29,046,713)
Compensated absences paid (14,960,413) (12,853,971)
Net cash from operating activities 670,653,667 504,481,746
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment (423,718,300) (984,769,885)
Proceeds from disposal of property, plant and equipment 2,796,658 4,516,000
Proft received 25,024,138 4,981,014
Increase in long term deposits (8,975,712) (11,769,372)
Net cash used in investing activities (404,873,224) (987,042,243)
CASH FLOWS FROM FINANCING ACTIVITIES
Long term fnancing - disbursements 1,500,000,000 1,111,264,654
- repayments (1,237,187,845) (246,509,818)
Repayment of principal portion of fnance lease - (3,655,792)
Dividend paid (71,897,249) (76,355,715)
Net cash from fnancing activities 190,914,906 784,743,329
Net increase in cash and cash equivalents 456,695,349 302,182,832
Cash and cash equivalent at beginning of year 306,452,463 4,217,849
Effect of exchange rate changes on cash and cash equivalents 398,600 51,782
Cash and cash equivalent at end of year 33 763,546,412 306,452,463
The annexed notes 1 to 37 form an integral part of these fnancial statements.

Cash Flow Statement
for the year ended June 30, 2013
Chairman Chief Executive
Chief Financial Offcer