Goldedge Estate Latest Annual Report, Balance Sheet and Financials

Goldedge Estates and Investments Limited Balance Sheet (In Rs Lakhs)

Goldedge Estates and Investments Limited Profit & Loss Statement (In Rs Lakhs)

Goldedge Estates and Investments Limited Consolidated Cash Flow Statement (In Rs Lakhs)

Here is a summary of the Cash Flow Statement for the years 2023 and 2022:

1. Net profit before taxation & extraordinary item:

In 2023, the company reported a net profit before taxation and extraordinary items of ₹10.98 million, reflecting a decrease from ₹14.33 million in 2022. This decline indicates a reduction in the company 's overall profitability.

2. Adjustment for Provision for Standard Assets:

There were no provisions made for standard assets in either 2023 or 2022. This suggests that the company did not set aside any funds for potential losses on standard assets during these periods.

3. Finance Cost:

The finance cost represents the expenses incurred by the company for borrowing funds. In 2022, the company incurred finance costs amounting to ₹6.95 million. However, in 2023, no finance costs were provided, indicating a change in the financing structure or reduced borrowing activities.

4. Share of profits of associate:

The share of profits of associates refers to the company 's portion of profits earned from its investments in associated companies. In 2023, the company incurred a loss of ₹1.15 million from its share of profits of associates, which was slightly higher than the loss of ₹0.97 million incurred in 2022.

5. Operating profit before working capital changes:

The operating profit before working capital changes represents the company 's earnings from its core business operations before considering changes in working capital. In 2023, the operating profit stood at ₹9.83 million, a decrease from ₹19.07 million in 2022, indicating a decline in operational efficiency or performance.

6. Adjustment for Decrease/(Increase) in Other assets:

Other assets represent non-current assets not classified under standard categories like property, plant, and equipment or intangible assets. In 2023, there was a significant decrease in other assets amounting to ₹12.58 million. This contrasts sharply with the situation in 2022 when there was a substantial increase of ₹500.35 million in other assets. Such fluctuations may indicate changes in investment strategies or asset management.

Financial Ratios:

Summary of Financial Ratios for the years 2023 and 2022:

1. Interest Coverage Ratio:

In 2023, the interest coverage ratio was 0, indicating that the company 's operating profit was insufficient to cover its interest expenses. This suggests a concerning financial situation regarding debt servicing.

In contrast, the interest coverage ratio was healthier in 2022, at 2.92, implying that the company 's operating profit was nearly three times its interest expenses, signalling a more comfortable financial position in terms of debt repayment capability.

2. Current Ratio:

The current ratio measures the company 's ability to cover its short-term liabilities with its short-term assets. In 2023, the current ratio was 10.03, indicating a very high level of liquidity, with current assets exceeding current liabilities significantly.

Similarly, in 2022, the current ratio was also high at 11.23, suggesting ample liquidity and a strong ability to meet short-term obligations.

3. Operating Profit Margin:

The operating profit margin represents the percentage of revenue that remains after deducting operating expenses. In 2023, the operating profit margin was 63.82%, reflecting a significant increase from the previous year 's margin of 52%. This indicates improved efficiency in controlling operating costs and generating profits from core business activities.

4. Net Profit Margin:

The net profit margin measures the percentage of revenue that remains as net income after all expenses, including taxes and interest. In 2023, the net profit margin was 14.24%, which decreased notably from 26% in 2022. This suggests a decrease in overall profitability, possibly due to higher expenses or lower revenues.

5. Return on Net Worth:

Return on Net Worth (RoNW) evaluates the profitability of the company in relation to its shareholder 's equity. In 2023, the RoNW was 1.69%, slightly lower than the 1.72% recorded in 2022. This indicates a relatively stable performance in generating profits in proportion to shareholder investment over the two years.

Dividend History (NA)