| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Kannur International Airport Limited |
|
PARTICULAR |
31-Mar-23 |
31-Mar-22 |
31-Mar-21 |
|
ASSETS |
|
|
|
|
Non-current assets |
|
|
|
|
Property, plant and equipment |
1763.08 |
1831.44 |
1897.39 |
|
Capital work-in-progress |
38.81 |
24.23 |
11.84 |
|
Other Intangible assets |
0.18 |
0.24 |
0.18 |
|
Intangible assets under development |
1.34 |
- |
- |
|
Financial assets: |
|
|
|
|
Investment in joint venture |
- |
- |
- |
|
Other financial assets |
23.62 |
12.62 |
11.54 |
|
Deferred tax assets (Net) |
77.35 |
58.80 |
44.86 |
|
Other non-current assets |
- |
- |
4.54 |
|
Non-current tax assets (net) |
11.04 |
4.67 |
2.59 |
|
Total non-current assets |
1915.41 |
1931.99 |
1972.93 |
|
Current assets |
|
|
|
|
Inventories |
0.64 |
0.56 |
0.37 |
|
Financial assets: |
|
|
|
|
Trade receivables |
18.81 |
19.25 |
27.87 |
|
Cash and cash equivalents |
27.93 |
27.61 |
49.84 |
|
Bank balances other than above |
2.81 |
0.27 |
2.12 |
|
Other financial assets |
11.68 |
22.59 |
29.83 |
|
Other current assets |
9.15 |
18.65 |
23.64 |
|
Total current assets |
71.02 |
88.94 |
133.67 |
|
TOTAL ASSETS |
1,986.43 |
2020.93 |
2106.60 |
|
EQUITY AND LIABILITIES |
|
|
|
|
Equity |
|
|
|
|
Equity share capital |
1338.39 |
1338.37 |
1338.12 |
|
Other equity |
-575.03 |
-448.74 |
-324.54 |
|
Total equity |
763.36 |
889.63 |
1013.58 |
|
LIABILITIES |
|
|
|
|
Non-current liabilities |
|
|
|
|
Financial liabilities: |
|
|
|
|
Borrowings |
1085.55 |
1030.47 |
951.67 |
|
Other financial liabilities |
32.49 |
7.78 |
6.44 |
|
Provisions |
2.01 |
1.58 |
1.25 |
|
Other Noncurrent liabilities |
11.21 |
10.00 |
10.00 |
|
Total non-current liabilities |
1131.26 |
1049.83 |
969.35 |
|
Current liabilities |
|
|
|
|
Financial liabilities: |
|
|
|
|
Short term borrowings |
11.02 |
5.50 |
- |
|
Trade payables |
- |
- |
- |
|
Dues of micro and small enterprises |
2.42 |
1.01 |
0.32 |
|
Dues of other than micro and small enterprises |
53.53 |
39.68 |
31.34 |
|
Other financial liabilities |
18.50 |
28.48 |
83.98 |
|
Other current liabilities |
6.14 |
6.59 |
7.84 |
|
Provisions |
0.19 |
0.21 |
0.19 |
|
Total current liabilities |
91.80 |
81.47 |
123.67 |
|
TOTAL LIABILITIES |
1223.07 |
1131.30 |
1093.02 |
|
TOTAL EQUITY AND LIABILITIES |
1986.43 |
2020.93 |
2106.60 |
|
PARTICULAR |
March 31, 2023 |
March 31, 2022 |
March 31, 2021 |
|
Income |
|
|
|
|
Revenue from operations |
112.66 |
78.32 |
44.77 |
|
Other income |
2.5143 |
5.6343 |
5.51 |
|
Total Income |
115.17 |
83.95 |
50.28 |
|
Expenses |
|
|
|
|
Airport operating expenses |
56.69 |
46.04 |
45.06 |
|
Employee benefits expense Finance costs |
11.59 |
12.08 |
11.57 |
|
Finance costs |
105.13 |
93.95 |
89.05 |
|
Depreciation and amortization expense |
69.21 |
69.20 |
68.65 |
|
Other expenses |
14.86 |
6.4012 |
14.43 |
|
Total expenses |
257.47 |
227.67 |
228.79 |
|
Share of Profit / (Loss) of Joint Venture |
- |
- |
-0.89 |
|
Loss before exceptional items and tax |
-142.30 |
-143.72 |
-179.36 |
|
Exceptional Items (Refer Note No.26.1) |
-2.5114 |
5.4532 |
- |
|
Loss after exceptional items and before tax |
-144.81 |
-138.27 |
-179.36 |
|
Tax expense/(Benefit) |
|
|
|
|
Current tax |
- |
- |
- |
|
Deferred tax |
-18.54 |
-13.96 |
5.58 |
|
Share of joint venture |
0.00 |
0.00 |
0.05 |
|
Total tax expense/(Benefit |
-18.54 |
-13.96 |
5.63 |
|
Loss for the year |
-126.27 |
-124.30 |
185.00 |
|
Other Comprehensive income(loss) |
|
|
|
|
Items that will not be reclassified subsequently to profit or loss: |
-0.0282 |
0.05 |
- |
|
Income tax relating to items that will not be reclassified to profit or loss |
0.0073 |
-0.0211 |
- |
|
Total other comprehensive loss for the year |
-0.0209 |
0.026 |
- |
|
Total comprehensive loss for the year |
-126.29 |
-124.28 |
185.00 |
|
Earnings per equity share of face value of ₹.100/- Basic and diluted EPS (₹.) |
-0.0943 |
-0.0929 |
-0.14 |
|
PARTICULAR |
31-Mar-23 |
31-Mar-22 |
31-Mar-21 |
|
Cash flow from Operating Activities |
|
|
|
|
Loss before tax |
-144.81 |
-138.27 |
-179.37 |
|
Adjustments for: |
|
|
|
|
Depreciation of property, plant and |
- |
- |
- |
|
equipment |
69.12 |
69.09 |
68.54 |
|
Share of (Profit) / Loss of Joint Venture |
- |
- |
0.89 |
|
Amortisation of intangible assets |
0.0949 |
0.1058 |
0.11 |
|
Unwinding of discount on security deposits |
0.8158 |
0.6343 |
0.41 |
|
Finance Cost |
100.41 |
91.71 |
88.19 |
|
Interest Income |
-0.2828 |
-1.5388 |
-3.08 |
|
Loss on sale of property, Plant and Equipment |
- |
- |
- |
|
Fair value adjustments |
-0.8234 |
-0.6621 |
-0.45 |
|
Allowance for credit impaired trade receivables |
-7.646 |
-0.8444 |
-1.18 |
|
Credit impaired Trade Receivables written off |
0.0105 |
0.2669 |
-5.00 |
|
Reversal of provision for expenses |
- |
-1.7088 |
- |
|
Reversal of provision for impairment on debtors |
-0.5171 |
-1.1688 |
- |
|
Remission / reversal of Liabiliy |
0.3217 |
5.4532 |
- |
|
Operating profit / (loss) before working capital changes |
16.69 |
23.07 |
-30.95 |
|
Working capital adjustments for: |
|
|
|
|
(Increase) / Decrease in Trade receivables |
8.9097 |
13.60 |
-4.95 |
|
Increase / (Decrease) in Trade payables |
15.26 |
9.0111 |
12.71 |
|
(Increase) / Decrease in other financial assets |
-11.00 |
-1.0768 |
-0.54 |
|
Increase / (Decrease) in other financial liabilities |
23.19 |
-1.4042 |
-1.16 |
|
(Increase) / Decrease in other current assets |
9.5011 |
9.5329 |
0.11 |
|
(Increase) / Decrease in Bank balances other than cash and cash equivalents |
-2.537 |
1.8495 |
0.54 |
|
(Increase) / Decrease in inventories |
-0.0736 |
-0.1947 |
-0.25 |
|
Increase / (Decrease) in other Current Liabilities |
-0.4455 |
-1.2519 |
1.34 |
|
Increase / (Decrease) in provisions |
0.4098 |
0.3607 |
0.30 |
|
Cash generated from operations |
59.90 |
53.50 |
-22.85 |
|
Income tax paid (net) |
-6.3712 |
-2.0837 |
9.00 |
|
Net cash flow (used in) / generated from |
|
|
|
|
operating activities (A) |
53.53 |
51.41 |
-13.84 |
|
Cash flow from investing activities |
|
|
|
|
Payments for property, plant and equipment |
-27.31 |
-67.86 |
-25.77 |
|
Payments for Intangible assets |
-0.035 |
-0.1666 |
-0.09 |
|
Interest received |
0.2828 |
1.5388 |
3.08 |
|
Government Grants towards purchase of equipment |
1.2101 |
- |
- |
|
Proceeds from sale of Property, Plant and Equipment |
- |
- |
- |
|
Net cash flow used in investing activities (B) |
-25.85 |
-66.48 |
-22.77 |
|
Cash flow from financing activities |
|
|
|
|
Proceeds from issue of share capital |
0.026 |
0.3224 |
- |
|
Repayment of borrowings |
-5.5021 |
- |
- |
|
Interest paid |
-33.41 |
-7.4796 |
-38.32 |
|
Net cash flow generated from financing activities (C) |
-38.88 |
-7.1572 |
-38.32 |
|
Net (decrease) / increase in cash and cash equivalents (A+B+C) |
-11.20 |
-22.23 |
-74.93 |
|
Cash and cash equivalents at the beginning of the year |
27.61 |
49.84 |
124.77 |
|
Cash and cash equivalents at the end of the year |
27.93 |
27.61 |
49.84 |
Let 's break down the Cash Flow Statement for the years 2023, 2022, and 2021, activity-wise:
Cash Flow Statement for the Year Ending 31-Mar-2023:
Operating Activities:
In 2023, the company reported a Cash Flow from Operating Activities of $53.53 million. The operating profit before working capital changes was $16.69 million, showing effective cash flow management. Noteworthy adjustments included a decrease in fair value gain on investments and interest income. Working capital changes exhibited a mixed trend, with increases in other financial assets and trade payables, offset by decreases in trade receivables and other liabilities. The company generated significant cash from its core operations, resulting in a positive net cash flow from operating activities.
Investing Activities:
The Cash Flow from Investing Activities in 2023 was negative at -$25.85 million. Notable outflows included payments for property, plant, and equipment. Interest received and government grants partially mitigated the negative impact. Despite significant investments, the company maintained a balanced approach to its cash flow.
Financing Activities:
In the financing activities section, the company reported a net cash outflow of -$38.88 million for 2023. This was primarily attributed to repayments of borrowings and interest paid. The company did not issue new shares during this period. The negative cash flow from financing activities contributed to the overall decrease in cash and cash equivalents.
Overall:
The net decrease in cash and cash equivalents (A+B+C) for 2023 was -$11.20 million. Starting with $27.61 million in cash and cash equivalents at the beginning of the year, the company ended the year with $27.93 million, indicating a moderate decrease but maintaining a reasonable cash position.
Cash Flow Statement for the Year Ending 31-Mar-2022:
Operating Activities:
In 2022, the Cash Flow from Operating Activities amounted to $51.41 million. The operating profit before working capital changes was $23.07 million, reflecting a robust operational performance. Despite challenges like a decrease in interest income and fair value gain on investments, positive changes in working capital contributed to the cash generated from operations.
Investing Activities:
The Cash Flow from Investing Activities stood at -$66.48 million in 2022. Substantial outflows were attributed to capital expenditures on property, plant, and equipment. However, proceeds from the sale of property, plant, and equipment, along with interest received, provided some relief.
Financing Activities:
In the financing activities section, the company reported a net cash outflow of -$7.1572 million for 2022. This was primarily due to repayments of borrowings and interest paid. The company did not issue new shares during this period. The negative cash flow from financing activities contributed to the overall decrease in cash and cash equivalents.
Overall:
The net decrease in cash and cash equivalents for 2022 was -$22.23 million. Starting with $49.84 million in cash and cash equivalents at the beginning of the year, the company ended the year with $27.61 million. The substantial investing activities had a notable impact on the overall cash position.
Cash Flow Statement for the Year Ending 31-Mar-2021:
Operating Activities:
In 2021, the Cash Flow from Operating Activities was $-13.8434 million. The operating profit before working capital changes was -$30.9516 million, reflecting challenges in the operating cash flow. However, prudent management of working capital contributed to maintaining positive cash generation.
Investing Activities:
The Cash Flow from Investing Activities was negative at -$22.7711 million in 2021. The company reported capital expenditures on property, plant, and equipment, along with a significant purchase of non-current investments. Positive factors included proceeds from the sale of property, plant, and equipment, as well as interest received.
Financing Activities:
The Cash Flow from Financing Activities in 2021 was consistent, with a net cash outflow of -$38.3165 million. Dividend payments were the primary source of cash outflow. The company maintained a stable approach to financing activities during this year.
Overall:
The net decrease in cash and cash equivalents for 2021 was -$74.931 million. Starting with $124.7719 million in cash and cash equivalents at the beginning of the year, the company ended the year with $49.8409 million. The substantial decrease was primarily influenced by investing and financing activities.
Dividend History of Kannur International Airport Limited
|
Particulars |
2023 |
2022 |
2021 |
|
Dividend per Share |
20 |
20 |
20 |
