ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Tamilnadu Telecom

for by a low growth in accounts payables accompanied by a high accumulation of accounts receivables waiting for collection. The funds-flow during the year amounted to Rs 13.58 crore. The sources were increases in reserves and surpluses Rs 7.47 crore and in long-term borrowings Rs 2.13 crore and decreases in inventories Rs 1.40 crore and in investments Rs 2.58 crore The company took rupee term loans from the financial institutions. The reduction in investments was due to the sale of UTI units. The funds were utilised during the year to decrease current liabilities and provisions by Rs 1.67 crore and short-term borrowings by Rs 4.71 crore and to increase net fixed assets by Rs 2.64 crore, receivables by Rs 3.38 crore; miscellaneous current assets by Rs 1.17 crore and cash and bank balances by a nominal Rs 0.01 crore. The company repaid part of the cash credit from banks. The additions in fixed assets were mainly in the form of machinery and electrical installations.

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