Ace Exports Annual Report | Balance Sheet

Ace Exports Limited (ACEEXPO) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Ace Exports Limited

ACE Exports Limited Balance Sheet (Rs In Thousand)

Particulars	2023	2022
Assets
(1) Non-current assets
(a) Property Plant & Equipment	30,486.14	26,863.43
(b) Capital work-in-progress		3,944.73
Total Non Current Assets	30,486.14	30,808.17
(2) Current assets
(a) Inventories	33,749.37	40,844.73
(b) Financial Assets
(i) Trade receivables	3,235.02	13,190.15
(ii) Cash and cash equivalents	430.38	379.2
(iii) Loans	1,643.38	4,444.39
Total Current Assets	39,058.15	58,858.47
Total Assets	69,544.29	89,666.63
EQUITY AND LIABILITIES
(a) Equity Share Capital	53,928.00	53,928.00
(b) Other Equity	-20,112.02	-20,365.17
Total Equity	33,815.98	33,562.83
(1) Non-Current Liabilities
(a) Financial Liabilities
(i) Other Financial Liabilities	2,695.00	6,590.00
Total Non Current Liabilities	2,695.00	6,590.00
(2) Current Liabilities
(a) Financial Liabilities	26,633.71	24,573.35
(i) Borrowings
(ii) Trade payable	2,345.22	20,928.54
(b) Other Current Liabilities	13.28	24.88
(c) Provisions	4,041.10	3,987.04
Total Current Liabilities	33,033.31	49,513.80
Total Liabilities	35,728.31	56,103.80
Total Equity & Liabilities	69,544.29	89,666.63

ACE Exports Limited Profit & Loss Statement (Rs In Thousand)

Particulars	2023	2022
I. Revenue from operations	79,175.50	60,374.11
II. Other Income	87.95	17.41
III. Total Revenue	79,263.45	60,391.53
IV. Expenses
Cost of materials consumed	33,746.70	46,222.05
Changes in inventories of finished goods,work-in-progress and Stock-in-Trade	14,130.18	-15,921.61
Employee benefit expense	9,435.71	6,985.95
Finance costs	2,393.62	1,493.70
Depreciation and amortization expense	1,803.27	1,837.12
Other expenses	17,500.81	19,227.11
Total Expenses	79,010.30	59,844.32
V. Profit/(Loss) before exceptional and extraordinary items and tax	253.15	547.2
VI. Profit/(Loss) before extraordinary items and tax	253.15	547.2
VII. Profit before tax	253.15	547.2
VIII. Profit/(Loss) from the period from continuing operations	253.15	547.2
IX. Profit/(Loss) for the period	253.15	547.2
X.Earning per equity share:
(a) Basic		0.0001

ACE Exports Limited Consolidated Cash Flow Statement (Rs In Thousand)

Particulars	2023	2022
CASH FLOW FROM OPERATING ACTIVITIES:
Net Profit/Loss before tax & Extra ordinary Items	253.15	547.2
Adjustment for:
Depreciation	1803.27	1837.12
Interest on Borrowings	2393.62	1493.7
Net Profit Before Change in Working Capital	4450.04	3878.02
Adjustment for Increase/Decrease in current Assets & Current liabilities
Inventories	7095.36	-19762.55
Trade receivable	9955.13	-13008.79
Short term loans & Advances	2801.01	969.26
Short term borrowing	2060.36	11072.44
Trade payable	-18583.32	18418.87
Other current liabilities	-11.6	-148.43
Short term provision	54.07	1015.76
NET CASH USED IN OPERATING ACTIVITIES	7821.05	2434.58
CASH FLOW FROM INVESTING ACTIVITIES:
Purchase of Fixed Assets	-1481.25	-3654.61
Decrease in FDR		150
NET CASH USED IN INVESTING ACTIVITIES	-1481.25	-3504.61
CASH FLOW FROM FINANCING ACTIVITIES:
Unsecured Loans	-3895	2540
Interest paid	-2393.62	-1493.7
NET CASH USED IN FINANCING ACTIVITIES	-6288.62	1046.3
Net Increase in cash	51.18	-23.73
Cash (Opening Balance)	290.7	314.43
Cash (Closing Balance)	341.88	290.7

Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:

2023:

CASH FLOW FROM OPERATING ACTIVITIES:

Net Profit/Loss before tax & Extraordinary Items: 253.15

Adjustment for:

Depreciation: 1803.27

Interest on Borrowings: 2393.62

Net Profit Before Change in Working Capital: 4450.04

Adjustment for Increase/Decrease in current Assets & Current liabilities:

Inventories: 7095.36

Trade Receivable: 9955.13

Short-term Loans & Advances: 2801.01

Short-term Borrowing: 2060.36

Trade Payable: -18583.32

Other Current Liabilities: -11.6

Short-term Provision: 54.07

NET CASH USED IN OPERATING ACTIVITIES: 7821.05

CASH FLOW FROM INVESTING ACTIVITIES:

Purchase of Fixed Assets: -1481.25

Decrease in Fixed Deposit Receipts (FDR): 150

NET CASH USED IN INVESTING ACTIVITIES: -1481.25

CASH FLOW FROM FINANCING ACTIVITIES:

Unsecured Loans: -3895

Interest paid: -2393.62

NET CASH USED IN FINANCING ACTIVITIES: -6288.62

Net Increase in cash: 51.18

Cash (Opening Balance): 290.7

Cash (Closing Balance): 341.88

2022:

CASH FLOW FROM OPERATING ACTIVITIES:

Net Profit/Loss before tax & Extraordinary Items: 547.2

Adjustment for:

Depreciation: 1837.12

Interest on Borrowings: 1493.7

Net Profit Before Change in Working Capital: 3878.02

Adjustment for Increase/Decrease in current Assets & Current liabilities:

Inventories: -19762.55

Trade Receivable: -13008.79

Short-term Loans & Advances: 969.26

Short-term Borrowing: 11072.44

Trade Payable: 18418.87

Other Current Liabilities: -148.43

Short-term Provision: 1015.76

NET CASH USED IN OPERATING ACTIVITIES: 2434.58

CASH FLOW FROM INVESTING ACTIVITIES:

Purchase of Fixed Assets: -3654.61

NET CASH USED IN INVESTING ACTIVITIES: -3654.61

CASH FLOW FROM FINANCING ACTIVITIES:

Unsecured Loans: 2540

Interest paid: -1493.7

NET CASH USED IN FINANCING ACTIVITIES: 1046.3

Net Decrease in cash: -23.73

Cash (Opening Balance): 314.43

Cash (Closing Balance): 290.7

Ace Exports Annual Reports, Balance Sheet and Financials

Ace Exports Limited (ACEEXPO) Return Comparision with Primex 40 Index

ACE Exports Limited Balance Sheet (Rs In Thousand)

ACE Exports Limited Profit & Loss Statement (Rs In Thousand)

ACE Exports Limited Consolidated Cash Flow Statement (Rs In Thousand)

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