Bharati Defence and Infrastructure Annual Reports, Balance Sheet and Financials

Bharati Defence and Infrastructure Limited Balance Sheet (In Rs Lakhs)

Bharati Defence and Infrastructure Limited Profit & Loss Statement (In Rs Lakhs)

Bharati Defence and Infrastructure Limited Consolidated Cash Flow Statement (In Rs Lakhs)

Here is a summary of the Cash Flow Statement for the years 2016 and 2015:

Cash Flows from Operating Activities:

1. Net Profit / (Loss) before taxation:

In 2016, the company experienced a net loss of -2,60,008.08 INR, while in 2015, the net loss was -1,04,059.26 INR. This is the initial measure of the company 's profitability before tax considerations.

2. Non-cash adjustments:

Depreciation/amortization:

   In 2016, the depreciation and amortization amounted to 7,840.06 INR, slightly lower than the 2015 figure of 8,397.70 INR. This adjustment accounts for the reduction in the value of the company 's assets over time.

Loss / (Profit) on Sale of Fixed Assets:

   In 2016, there was a minor loss of -0.3 INR on the sale of fixed assets, whereas in 2015, there was a larger loss of -14.29 INR. This reflects the impact of the company 's decisions regarding the sale of its fixed assets.

Sundry Balance written off:

   In 2016, the company wrote off 285.81 INR from sundry balances. This adjustment aims to account for the removal of certain miscellaneous balances.

Prior year consolidated adjustments:

   In 2015, there were adjustments amounting to 29.21 INR from prior-year consolidations.

Unrealized foreign exchange loss:

   In 2016, there was an unrealized foreign exchange loss of 21.2 INR, compared to 210.69 INR in 2015. This reflects the impact of currency fluctuations on the company 's financials.

3. Exceptional Items:

Profit on sale of windmill operation:

   In 2016, the company gained a significant profit of 64,174.54 INR from the sale of windmill operations. In 2015, there was a loss of -481.54 INR from a similar sale.

Work In Progress written Off:

   In 2016, 29,170.46 INR was written off for work in progress, compared to 54,177.02 INR in 2015. This indicates a reduction in the value of ongoing projects.

Differential charged off on reconciliation of Secured Loans:

   In 2016, a differential of 73,435.09 INR was charged off in the reconciliation of secured loans.

Interest and Foreign Exchange Variation on Invoked Bank Guarantee:

   In 2016, there was an expense of 22,554.66 INR related to interest and foreign exchange variation on invoked bank guarantees.

Ship building subsidy receivable written off:

   In 2016, the company wrote off 6,397.39 INR related to shipbuilding subsidy receivable.

Impairment of Capital Work in Progress:

   In 2016, an impairment charge of 5,930.66 INR was recognized for capital work in progress.

Bad Debts:

   In 2016, 3,713.63 INR was recognized as bad debts.

Provision for Loan and Advances:

   In 2016, there was a provision of 35,473.05 INR for loans and advances.

4. Interest, Dividend, and Other Operating Adjustments:

Interest Expense:

   In 2016, interest expenses were -1,207.97 INR, while in 2015, it was 31,375.45 INR.

Interest Income:

   In 2016, interest income was -0.13 INR, and in 2015, it was -858.52 INR.

Dividend Income:

   In 2016, there was a dividend income of -880.3 INR, compared to -0.03 INR in 2015.

Operating (Loss) before working capital changes:

In 2016, the operating loss before working capital changes was -12,219.92 INR, compared to -11,223.57 INR in 2015.

Adjustments for Working Capital Changes:

Payables:

   In 2016, there was an increase in payables by 3,897.93 INR, while in 2015, there was a decrease of -28,055.59 INR.

Receivables:

   In 2016, there was a decrease in receivables by -420.82 INR, compared to an increase of 6,814.20 INR in 2015.

Inventories:

   In 2016, inventories increased by 5,198.07 INR, compared to an increase of 5,993.44 INR in 2015.

Cash Generated from / (Used in) Operations:

In 2016, the company used cash in its operations, amounting to -3,544.73 INR, while in 2015, it used -26,471.52 INR.

Direct Taxes Paid, Net Cash Flow from Operating Activities:

Direct Taxes Paid:

   In 2016, direct taxes paid (net of refunds) were -197.41 INR, and in 2015, they were -1,508.27 INR.

Net Cash Flow from Operating Activities:

   Consequently, the net cash flow from operating activities (A) was positive in 2016, amounting to 3,742.14 INR, while in 2015, it was negative at -27,979.79 INR.

Cash Flow from Investing Activities:

Purchase of Fixed Assets:

   In 2016, there was a minimal purchase of fixed assets (-17.59 INR) compared to -604.18 INR in 2015.

Proceeds from Sale of CWIP (Capital Work in Progress):

   In 2016, there were proceeds of 30.36 INR from the sale of CWIP, while in 2015, there were -1,292.46 INR.

Acquisition in Equity Shares:

   In 2016, there were no acquisitions in equity shares, while in 2015, there was a minor acquisition of -0.9 INR.

Sale of Windmill (Discontinued Operation):

   In 2016, there were no details provided for the sale of windmill operations, while in 2015, the company received 5,509.83 INR from the sale.

Sale of Other Fixed Assets:

   In 2016, there was a minimal sale of other fixed assets (0.52 INR) compared to 38.75 INR in 2015.

Expense on Account of Settlement of Escrow Account in Subsidiary:

   In 2016, there were no details provided for the expense on the settlement of the escrow account in a subsidiary, while in 2015, there was an expense of -14.82 INR.

Interest Received:

   In 2016, interest received amounted to 1,216.42 INR, compared to 1,014.65 INR in 2015.

Dividends Received:

   In 2016, there were minimal dividends received (0.13 INR), and in 2015, there were -0.03 INR.

Net Cash Flow from/(Used in) Investing Activities (B):

   Overall, the net cash flow from/(used in) investing activities (B) was positive in 2016, amounting to 1,229.83 INR, while in 2015, it was higher at 4,650.89 INR.

Cash Flow from Financing Activities:

Share Capital:

   In 2016, there was an infusion of 145.6 INR in share capital, while in 2015, there were no details provided.

Proceeds / (Repayment) from Borrowings and Interest Paid (Finance Cost):

   In 2016, there were proceeds/(repayment) from borrowings and interest paid (finance cost) of 10,793.13 INR, compared to 28,482.62 INR in 2015.

Interest Paid:

   In 2016, interest paid amounted to -9,122.17 INR, and in 2015, it was -9,942.02 INR.

Net Cash Flow from/(Used in) Financing Activities (C):

   The net cash flow from/(used in) financing activities (C) was positive in 2016, amounting to 1,816.56 INR, while in 2015, it was higher at 18,540.60 INR.

Net Increase/(Decrease) in Cash and Cash Equivalents (A+B+C):

In 2016, there was a net decrease in cash and cash equivalents of -695.75 INR, while in 2015, it decreased by a larger amount of -4,788.29 INR.

Cash and Cash Equivalents at the Beginning and End of the Year:

Cash and Cash Equivalents at the Beginning of the Year:

   In 2016, the company started with 8,817.15 INR in cash and cash equivalents, and in 2015, it began with 13,605.44 INR.

Cash and Cash Equivalents at the End of the Year:

   By the end of 2016, the company had 8,121.40 INR in cash and cash equivalents, while in 2015, it had 8,817.15 INR.

Financial Ratios (NA)

Dividend History (NA)