| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Avro Commercial Company Limited |
|
Particulars |
2017 |
2016 |
|
EQUITY AND LIABILITIES |
|
|
|
Shareholders’ funds |
|
|
|
Share capital |
3,12,00,000 |
3,12,00,000 |
|
Reserves and Surplus |
14,48,93,503 |
14,66,59,264 |
|
Non-current liabilities |
|
|
|
Long-term provisions |
2,19,53,979 |
- |
|
Current liabilities |
|
|
|
Short-term borrowings |
4,00,00,000 |
4,01,61,670 |
|
Other current liabilities |
1,04,981 |
75,565 |
|
Short term provisions |
9,61,815 |
1,34,445 |
|
TOTAL |
23,91,14,278 |
21,82,30,944 |
|
|
|
|
|
ASSETS |
|
|
|
Non-current assets |
|
|
|
Fixed assets |
|
|
|
- Tangible assets |
18,33,990 |
26,11,306 |
|
Non Current Investments |
8,85,86,274 |
4,01,14,118 |
|
Deferred tax assets (net) |
11,55,489 |
2,73,117 |
|
Long-term loans and Advances |
67,05,462 |
81,65,287 |
|
Current assets |
|
|
|
Current investments |
- |
10,02,90,914 |
|
Cash and Bank balances |
1,06,00,243 |
1,00,57,489 |
|
Short-term loans and Advances |
13,02,04,217 |
5,66,89,573 |
|
Other current assets |
28,603 |
29,140 |
|
TOTAL |
23,91,14,278 |
21,82,30,944 |
|
Particulars |
2017 |
2016 |
|
Revenue |
|
|
|
Revenue from operations |
1,45,89,545 |
91,96,710 |
|
Other income |
1,87,01,117 |
56,95,676 |
|
Total Revenue |
3,32,90,662 |
1,48,92,386 |
|
Expenses: |
|
|
|
Employee benefit expenses |
18,69,395 |
19,28,873 |
|
Finance cost |
62,37,935 |
3,75,831 |
|
Depreciation expense |
8,90,005 |
8,05,400 |
|
Provision for dimunition in value of investments |
2,19,53,979 |
- |
|
Other expenses |
11,41,331 |
13,47,911 |
|
Total Expenses |
3,20,92,645 |
44,58,015 |
|
Profit before tax & provision |
11,98,017 |
1,04,34,371 |
|
Provision for standard assets |
1,84,177 |
-1,19,913 |
|
Profit before tax |
10,13,840 |
1,05,54,284 |
|
Tax expense: |
|
|
|
(1) Current tax |
3,36,320 |
21,27,449 |
|
(2) Deferred tax |
-8,82,372 |
8,81,670 |
|
(3) Short/ (Excess) Provision for tax relating to prior years |
10,22,644 |
-2,50,416 |
|
(4) MAT credit utilisation for earlier year |
12,00,192 |
- |
|
(5) MAT credit utilised u/s 115JAA |
11,02,817 |
2,15,445 |
|
Profit/(Loss) for the year |
-17,65,761 |
75,80,136 |
|
Earnings per equity share: |
|
|
|
Basic and diluted |
-0.57 |
2.43 |
|
Particulars |
2017 |
2016 |
|
A. Cash flows from operating activities |
|
|
|
Profit before taxation and after exceptional items |
10,13,840 |
1,05,54,284 |
|
Adjustments for : |
|
|
|
Depreciation/amortization |
8,90,005 |
8,05,400 |
|
Fixed assets written off |
- |
11,328 |
|
Contingent provision against Standard assets |
1,84,177 |
-1,19,913 |
|
Provision for diminution in the value of investments |
2,19,53,979 |
- |
|
Profit on redemption of mutual funds |
-10,04,605 |
-19,03,694 |
|
Profit on sale of shares |
-1,62,05,297 |
- |
|
Profit on sale of debentures |
-14,89,831 |
-37,91,476 |
|
Operating profit before working capital changes |
53,42,268 |
55,55,929 |
|
Adjustments for : |
|
|
|
(Increase) / Decrease in loans and advances |
-7,41,57,837 |
4,79,34,337 |
|
(Increase) / Decrease in other current assets |
537 |
4,12,875 |
|
Increase / (Decrease) in trade, other payables & provisions |
6,72,609 |
-4,44,066 |
|
Cash generated from Operations |
-6,81,42,423 |
5,34,59,075 |
|
Direct taxes paid |
15,58,955 |
26,19,674 |
|
Net cash from operating activities |
-6,97,01,378 |
5,08,39,401 |
|
B. Cash flows from investing activities |
|
|
|
Purchase / sale of fixed assets |
-1,12,689 |
-16,60,124 |
|
Purchase / sale of investments |
5,18,18,758 |
-9,44,19,914 |
|
Profit on sale of mutual fund units |
10,04,605 |
19,03,694 |
|
Profit on sale of shares |
1,62,05,297 |
- |
|
Profit on sale of debentures |
14,89,831 |
37,91,476 |
|
Net cash (used) in investing activities |
7,04,05,802 |
-9,03,84,868 |
|
C. Cash flows from financing activities |
|
|
|
Repayment of borrowings |
- |
4,00,00,000 |
|
Repayment of overdraft facility availed from a bank |
-1,61,670 |
-4,16,215 |
|
Net cash from/(used) in financing activities |
-1,61,670 |
3,95,83,785 |
|
Net decrease in cash and cash equivalents |
5,42,754 |
38,318 |
|
Cash and cash equivalents at the beginning of the year |
1,00,57,489 |
1,00,19,250 |
|
Add: Temporary overdrawn bank balance |
- |
-79 |
|
Cash and cash equivalents at the end of the year |
1,06,00,243 |
1,00,57,489 |
Here is a summary of the Cash Flow Statement for the years 2017 and 2016:
1. Profitability Analysis:
Profit before taxation and after exceptional items significantly decreased from INR 1,05,54,284 in 2016 to INR 10,13,840 in 2017.
Operating profit before working capital changes was INR 53,42,268 in 2017, a slight decrease from INR 55,55,929 in 2016.
2. Adjustments to Operating Profit:
Depreciation/amortization increased from INR 8,05,400 in 2016 to INR 8,90,005 in 2017.
A contingent provision against Standard assets amounted to INR 1,84,177 in 2017.
Provision for diminution in the value of investments was significant at INR 2,19,53,979 in 2017.
3. Impact of Investments:
Purchase/sale of investments showed significant activity, with a net cash outflow of INR 7,04,05,802 in 2017, compared to an outflow of INR 9,03,84,868 in 2016.
Profits on the sale of mutual funds, shares, and debentures were noteworthy contributors to cash flows.
4. Operating Cash Flows:
Cash generated from operations was -INR 6,81,42,423 in 2017, reflecting a decrease from INR 5,34,59,075 in 2016.
Direct taxes paid amounted to INR 15,58,955 in 2017, compared to INR 26,19,674 in 2016.
Net cash from operating activities was -INR 6,97,01,378 in 2017, indicating a decrease from INR 5,08,39,401 in 2016.
5. Financing Activities:
Repayment of borrowings amounted to INR 4,00,00,000 in 2016.
Net cash from financing activities was -INR 1,61,670 in 2017, compared to a positive cash flow of INR 3,95,83,785 in 2016.
6. Cash and Cash Equivalents:
The net decrease in cash and cash equivalents was INR 5,42,754 in 2017, resulting in an ending balance of INR 1,06,00,243.
Cash and cash equivalents at the beginning of the year were INR 1,00,57,489, with a slight increase from the previous year.
Temporary overdrawn bank balance had no impact on cash and cash equivalents.
