Balance Sheetn 2022
Balance Sheetn 2022
Balance Sheetn 2022
ASSETS :
Non-current Assets
(i) Property, Plant & Equipment 1 321,771.7 238,361.3
(ii) Right of Use Assets 1 80,485.6 194,420.6
(iii) Capital Work-in-Progress 1 349.2 353.6
(iv) Investment Property 1 - 4,373.7
(iv) Intangible Assets 1 2.8 15.8
(vi) Intangible Assets under development 1 - 12.5
402,609.3 437,537.5
(v) Investments accounted for using the 2 2,477.9 2,315.0
Equity Method
405,087.2 439,852.5
(viii) Financial Assets:
a) Investments 2.1 798.3 797.2
b) Others 4 1,465.6 4,811.8
Liabilities:
Non Current Liabilities
a) Financial Liabilities
i) Borrowings 13 - 55,248.4
ii) Lease Liabilities 77,697.2 162,308.7
iii) Other Financial Liabilites 15 4.3 52.2
77,701.5 217,609.3
b) Provisions 16 24,982.8 36,905.0
c) Other Non Current Liabilities 17 1,668.6 1,121.0
104,352.9 255,635.3
Current Liabilities
a) Financial Liabilities
i) Borrowings 18 153,173.6 395,122.2
ii) Lease Liabilities 13,687.7 30,357.5
iii) Trade Payables 14
a) Total outstanding dues of micro enterprises and
159.1 173.1
small enterprises
b)Total outstanding dues of creditors other than
30,993.1 94,778.9
micro enterprises and small enterprises
iv) Other Financial Liabilites 15 12,603.0 80,466.2
210,616.5 600,897.9
For and on Behalf of For and on Behalf of For and on behalf of the Board
Khandelwal Jain & Co. Jagdish Chand & Co.
Chartered Accountants Chartered Accountants
FRN : 105049W FRN : 000129N Sd/-
Sd/- Sd/- (N.Chandrasekaran)
Non-executive Chairman
(Narendra Jain) (Praveen Kumar Jain) DI No.00121863
Partner Partner
M.No. 048725 M.No. 085629
Sd/-
For and on Behalf of
Sd/- (Sanjiv Mehta)
PKF Sridhar & Santhanam LLP (V.S. Hejmadi) Director
Chartered Accountants Chief Financial Officer DI No.06699923
FRN : 003990S/S200018
Place : Mumbai
Date : 31 May, 2022
152 Place : Mumbai
Date : 31 May, 2022
AIR INDIA LIMITED
CONSOLIDATED STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31ST MARCH 2022
(Rupees in Million)
Particulars Note No. 2021-22 2020-21
I Income
1. Revenue from Operations 19
i) Scheduled Traffic Services 188,208.1 103,412.7
ii) Non-Scheduled Traffic Services 4,516.8 12,165.2
iii) Other Operating Revenue 8,894.0 4,475.8
Revenue from Operations 201,618.9 120,053.7
II 2. Other Income 20 23,802.3 14,011.2
III Total Revenue (I+II) 225,421.2 134,064.9
IV Expenses
1. Aircraft Fuel & Oil 79,145.4 29,593.4
2. Other Operating Expenses 21 72,610.2 44,636.6
3. Employee Benefit Expenses 22 25,454.1 24,322.5
4. Finance Costs 23 40,115.1 40,075.7
5. Depreciation and Amortization Expenses 24 46,634.9 48,540.0
6. Other Expenses 25 21,883.6 12,480.3
XII Profit/(Loss) from discontinued operations (after Tax ) (X-XI) (7,893.1) (12,340.9)
For and on Behalf of For and on Behalf of For and on behalf of the Board
Khandelwal Jain & Co. Jagdish Chand & Co.
Chartered Accountants Chartered Accountants
FRN : 105049W FRN : 000129N Sd/-
Sd/- Sd/- (N.Chandrasekaran)
Non-executive Chairman
(Narendra Jain) (Praveen Kumar Jain) DI No.00121863
Partner Partner
M.No. 048725 M.No. 085629
Sd/-
Sd/-
For and on Behalf of (Sanjiv Mehta)
PKF Sridhar & Santhanam LLP (V.S. Hejmadi) Director
Chartered Accountants Chief Financial Officer DI No.06699923
FRN : 003990S/S200018
153
AIR INDIA LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31ST MARCH 2022
For and on Behalf of For and on Behalf of For and on behalf of the Board
Khandelwal Jain & Co. Jagdish Chand & Co.
Chartered Accountants Chartered Accountants
FRN : 105049W FRN : 000129N Sd/-
154
AIR INDIA LIMITED
STANDALONE STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31ST MARCH 2022
(Rupsses in Million)
Particulars 2021-22 2020-21
A. CASH FLOW FROM OPERATING ACTIVITIES
(Loss) before Exceptional Items and Tax
- Continuing operations (86,378.9) (63,262.2)
- Discontinued operations (7,431.8) (12,535.2)
Loss before income tax including discontinued operations (93,810.7) (75,797.4)
Adjustments for :
Foreign Exchange (Gain)/Loss on Translation Differences (1,865.6) (8,457.3)
Depreciation and amortisation on tangible assets 48,997.2 51,595.5
Exceptional Items 26,129.3 (2,501.0)
Interest on Borrowings measured at amortised cost 2,615.8
Provision for Obsolescence / Inventory Reconciliation 1,737.6 258.6
Allowance for credit risk, credit impairment & doubtful advances 1,077.1 637.3
Bad Debts Written off 2,152.9 2,251.4
Provision for Employee Benefits 2,852.7 (753.3)
Post Retirement Medical Scheme Provision
Provision for shortfall in PF Trusts 58.3 1,423.6
Profit share of Joint Venture (172.5) 179.5
Provisions/Liabilities No Longer Required written back (19,584.3) (3,594.4)
MTM Gain or loss on investment (43.5)
Provision for Diminution in Value of Assets held for Sale - 1,774.8
(Profit)/Loss on sale of fixed assets/AHFS (Net) (2,784.6) (1.1)
Dividend income (26.2) (53.1)
Other adjustments - 215.2
Interest income (on Bank Deposits & others) (1,376.9) (313.2)
Interest on Income Tax - (6.3)
Interest Cost on Lease Liabilities 3,017.6 2,860.8
Interest and Finance Charges 31,808.7 36,983.3
94,593.6 82,500.3
Operating (Loss) / Profit Before Working Capital Changes 782.9 6,702.9
Adjustments for :
(Increase) / Decrease in Inventories (1,589.5) 2,863.5
(Increase) / Decrease in Trade and Other Receivables 4,227.8 11,460.7
(Increase) / Decrease in other fiancial asset -
(Increase) / Decrease in other current asset -
Increase / (Decrease) in Trade and Other Payables (72,536.4) (7,924.9)
Increase / (Decrease) in other financials liabilities -
Changes in financial assets -
Changes in other non current asset -
Changes in other financial liabilities -
Change in other non current liability -
Change in provisions (4,980.5) (168.9)
Changes in other equity -
Change in other current liability -
Cash Generated from Operations
Direct Taxes Refund/(Paid) (1,252.4) 1,558.2
Net Cash Flow from/(used in) Operating Activities (76,131.0) 7,788.6
B. CASH FLOW FROM INVESTING ACTIVITIES
Acquisition of Property, Plant & Equipment ( incl SLB) (121,839.2) (11,591.2)
Additions (Right of User Assets) - (16.2)
Proceeds from sale of Property, Plant & Equipment (Incl Assets Held For Sale) 11,064.3 11,827.4
Purchase of Investments (17,664.3) -
Sale of Investments 3,295.6 0.2
(Increase) / Decrease in Bank Deposits (Maturity of more than 3 months) (5,547.1) (64.5)
Interest received (on Bank Deposits, advances to subsidiary companies & others) 1,102.5 209.3
Advance to subsidiaries - -
Dividend Received 26.2 53.1
Net Cash Flow from/(used in) Investing Activities (129,562.0) 418.1
C. CASH FLOW FROM FINANCING ACTIVITIES
Repayment of Borrowings (495,389.9) (52,787.2)
Proceeds from Borrowings 198,192.9 103,610.5
Hire charges paid for Right of Use Assets - (33,303.9)
Repayment of leases (28,467.3) 41.3
Payment of guarantee Fee (25,605.7)
Receipts from Air India Assets Holding Ltd. (AIAHL) towards restructuring 607,314.2 (917.3)
Receipts from parent - opertaional funding 19,440.0
Receipts from AIAHL - Interest reimbursed 16,593.7
Increase / (Decrease) in Capital & Other Reserves (Net) 78.7
Interest Paid (75,442.8) (32,343.0)
Net Cash Flow from/(used in) Financing Activities 216,635.1 (15,620.9)
Net increase/ (Decrease) in Cash and Cash equivalents 11,725.0 (711.3)
Unrealised Foreign Exchange Gain/(Loss) in Cash & Bank Balances (74.2) 116.6
Cash and Cash equivalents (Opening balance) 6,833.7 7,428.4
Reduction on disposal of components (943.5) -
Cash and Cash equivalents (Closing balance) * 17,689.4 6,833.7
Notes 11,725.0
* Cash and cash equivalent (closing balance) includes cash and cash equivalents of discontinued operation Rs. NIL (Previous Year : Rs.134.3 Million)
1 These figures have been arrived at by consolidating line-by-line Cash Flow Statement of respective entities
2 For details of components of Cash and Cash equivalents, see Note No.8
3 Reconciliation of Liabilities arising from Financing Activities:-
(Rupees in Million)
Financing Cash Flows Non Cash As at
Particulars As at 31.03.2021
Proceeds Repayment Flows/Exchan 31.3.2022
Long Term Borrowings 55,248.4 - 55,248.4 - -
Short Term Borrowings 395,122.2 198,192.9 440,141.5 - 153,173.6
For and on Behalf of For and on Behalf of For and on behalf of the Board
Khandelwal Jain & Co. Jagdish Chand & Co.
Chartered Accountants
FRN : 105049W
Chartered Accountants
FRN : 000129N
Sd/-
Sd/- Sd/- (N. Chandrasekaran)
Non-executive Chairman
(Narendra Jain) (Praveen Kumar Jain) DI No.00121863
Partner Partner
M.No. 048725 M.No. 085629
Sd/-
Sd/-
For and on Behalf of (Sanjiv Mehta)
PKF Sridhar & Santhanam LLP (V.S. Hejmadi) Director
Chartered Accountants Chief Financal Officer DI No.06699923
FRN : 003990S/S200018
Sd/- Sd/-
Sd/-
(V. Kothandaraman) (Kalpana Rao) (Alice Vaidyan)
Partner Company Secretary Director
M.No.025973 M.No.ACS8194 DI No.07394437
Place : Place :
Date : Date :
155