WALCHAND PEOPLEFIRST LIMITED
Rs. In Lacs
CASH FLOW STATEMENT
Annexed to the  Balance Sheet for the Year Ended 31st March 2008
				2007-2008			2006-2007
Cash Flow From Operating Activities :
Net Profit Before Tax and after					781.01			34.33
Extraordinary items
Adjustments for :-
Provision W/back( Aris Agro)						-
Depreciation/Impairment				37.31			41.02
Short repayment of Hired assets
Deferred Expenses				-			-
Profit on Sale of Investments				(99.88)			(56.79)
Dividend Income (Reced.)				(25.93)			(28.92)
Interest Income ( Reced.)				(7.83)			(15.73)
Profit on sale of Training Business				(906.44)			-
Interest Expenses				1.09			1.54
Provision no longer required (investment)							-
Profit on sale of Fixed Asset				(0.59)			-
Loss on sale of Assets				0.10			-
Bad Debts Written Off				12.50			-
Provision  for Doubtful Advances Written Back				(25.00)			-
Provision for diminition in value of Investments				0.31			-
Loss on sale of Investments				5.63			3.00
Excess Provision for expense Written Back				(0.11)			-
					(1,008.84)			(55.88)
					(227.83)			(21.55)
Adjustment for  :-
Trade Receivables				(350.89)			23.69
Stock on Hire							-
Trade Payables				264.18			(53.18)
					(86.71)			76.87
Cash Generated from Operations					(314.54)			55.32
Direct Taxes Paid					(75.99)			(9.32)
Cash Flow Before Extraordinary Items					(390.53)			46.00
Net Cash Flow From Operating Activities					(390.53)			46.00
Cash Flow From Investing Activities :
Purchase of Fixed Assets				(26.28)			(31.50)
Sale of Fixed Assets				2.55			-
Purchase of Investments				(1,501.08)			(1,631.34)
Deposit Made
Repayment of Intercorporate Deposits				25.00			-
Profit on slump sale
Sale of Investments				2119.39			1,525.23
Application Money Pending Allotment				(251.06)			-
Dividend Income (Reced.)				26.11			28.92
Interest Income ( Reced.)				7.83			15.73
Net Cash Flows From Investing Activities					402.46			(92.96)
Cash Flow From Financing Activities
Borrowing				-			5.73
Repayments of Borrowings				(3.24)			(3.31)
Pre Operative Expenses				-
Unclaimed Fixed Deposit Repaid				-			(0.28)
Application Money Pending Allotment				-
Interest paid				(1.09)			(1.54)
Payment to Preference share holders				(0.01)			-
Dividend Paid				(29.79)			(15.32)
Dividend Tax Paid				(4.84)			(2.00)
Net Cash Used in Financing Activities					(38.97)			(16.72)
Net  Decrease in Cash & Cash Equivalents					(27.04)			(63.68)
Cash & Cash Equivalents as at 01.04.2007
Cash on Hand				0.47			0.66
Bank Balances				70.30	70.77		133.79	134.45
Cash & Cash Equivalents as at 31.03.2008
Cash on Hand				0.26			0.47
								(134.45)
Bank Balances				43.47			70.30
					43.73			70.77
For Haribhakti & Co.						PALLAVI JHA
Chartered Accountants						Chairperson & Managing Director
						M. N. BHAGWAT
						Director
						V.  K. VERMA
						Director
CHETAN DESAI						POONAM BARUA
Partner						Director
						SANJAY JHA
						Whole- Time Director
Mumbai						DIVYA MOMAYA
Date : 21.04.2008						Company Secretary
						SHEFALI SAXENA
						Vice President - Finance
						Date : 21.04.2008