| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Kingfisher Airlines Limited |
|
PARTICULARS |
2023 |
2022 |
|
Non-current assets |
|
|
|
Goodwill |
2,408 |
2,424 |
|
Other intangible assets |
371 |
330 |
|
Property, plant and equipment |
3,205 |
3,078 |
|
Investment property |
30 |
33 |
|
Right-of-use assets |
1,947 |
1,885 |
|
Investments in joint ventures and associates |
30 |
17 |
|
Post-employment benefits |
251 |
540 |
|
Deferred tax assets |
16 |
10 |
|
Other tax authority asset |
64 |
64 |
|
Derivative assets |
– |
1 |
|
Other receivables |
19 |
22 |
|
|
8,341 |
8,404 |
|
Current assets |
|
|
|
Inventories |
3,070 |
2,749 |
|
Trade and other receivables |
347 |
300 |
|
Derivative assets |
16 |
37 |
|
Current tax assets |
40 |
33 |
|
Cash and cash equivalents |
286 |
823 |
|
Assets held for sale |
3 |
6 |
|
|
3,762 |
3,948 |
|
Total assets |
12,103 |
12,352 |
|
Current liabilities |
|
|
|
Trade and other payables |
-2,483 |
-2,674 |
|
Borrowings |
-16 |
-14 |
|
Lease liabilities |
-343 |
-347 |
|
Derivative liabilities |
-47 |
-12 |
|
Current tax liabilities |
– |
-46 |
|
Provisions |
-10 |
-23 |
|
|
-2,899 |
-3,116 |
|
Non-current liabilities |
|
|
|
Other payables |
-4 |
-10 |
|
Borrowings |
-102 |
-2 |
|
Lease liabilities |
-2,101 |
-2,029 |
|
Derivative liabilities |
-5 |
-1 |
|
Deferred tax liabilities |
-205 |
-276 |
|
Provisions |
-10 |
-10 |
|
Post-employment benefits |
-114 |
-130 |
|
|
-2,541 |
-2,458 |
|
Total liabilities |
-5,440 |
-5,574 |
|
Net assets |
6,663 |
6,778 |
|
Equity |
|
|
|
Share capital |
305 |
325 |
|
Share premium |
2,228 |
2,228 |
|
Own shares held in ESOP trust |
-22 |
-46 |
|
Retained earnings |
3,796 |
4,025 |
|
Capital redemption reserve |
71 |
50 |
|
Other reserves |
285 |
196 |
|
Total equity |
6,663 |
6,778 |
|
PARTICULARS |
2023 |
2022 |
|
Sales |
13,059 |
13,183 |
|
Cost of sales |
-8,264 |
-8,248 |
|
Gross profit |
4,795 |
4,935 |
|
Selling and distribution expenses |
-3,223 |
-2,999 |
|
Administrative expenses |
-880 |
-823 |
|
Other income |
26 |
26 |
|
Share of post-tax results of joint ventures and |
|
|
|
associates |
5 |
5 |
|
Operating profit |
723 |
1,144 |
|
Finance costs |
-129 |
-148 |
|
Finance income |
17 |
11 |
|
Net finance costs |
-112 |
-137 |
|
Profit before taxation |
611 |
1,007 |
|
Income tax expense |
-140 |
-164 |
|
Profit for the year |
471 |
843 |
|
Remeasurements of post-employment benefits |
-278 |
21 |
|
Inventory cash flow hedges – fair value gains Tax on items that will not be reclassified |
58 |
59 |
|
|
85 |
-18 |
|
Total items that will not be reclassified subsequently to profit or loss |
-135 |
62 |
|
Currency translation differences |
|
|
|
Group |
129 |
-218 |
|
Joint ventures and associates |
11 |
-7 |
|
Inventory cash flow hedges – gains transferred to income statement |
-5 |
– |
|
Fair value gains |
– |
1 |
|
Gains transferred to income statement |
– |
-1 |
|
Total items that may be reclassified subsequently to profit or loss |
135 |
-225 |
|
Other comprehensive loss for the year |
– |
-163 |
|
Total comprehensive income for the year |
471 |
680 |
|
Earnings per share |
|
|
|
Basic |
23.8p |
40.3p |
|
Diluted |
23.5p |
39.8p |
|
Adjusted basic |
29.7p |
35.2p |
|
Adjusted diluted |
29.4p |
34.8p |
|
PARTICULARS |
2023 |
2022 |
|
Operating activities |
|
|
|
Cash generated by operations |
984 |
1,411 |
|
Income tax paid |
-130 |
-169 |
|
French tax authority payments |
-34 |
– |
|
Other tax authority payments |
– |
-64 |
|
Net cash flows from operating activities |
820 |
1,178 |
|
Investing activities |
|
|
|
Purchase of property, plant and equipment and intangible assets |
-449 |
-397 |
|
Disposal of property, plant and equipment, intangible assets held for sale |
2 |
9 |
|
Disposal of businesses, net of cash disposed |
8 |
7 |
|
Interest received |
5 |
2 |
|
Interest element of lease rental receipts |
1 |
1 |
|
Principal element of lease rental receipts |
3 |
3 |
|
Advance payments on right-of-use assets |
-7 |
-11 |
|
Advance receipts on right-of-use assets |
2 |
– |
|
Dividends received from joint ventures and associates |
3 |
1 |
|
Net cash flows used in investing activities |
-432 |
-385 |
|
Financing activities |
|
|
|
Interest paid |
-5 |
-22 |
|
Interest element of lease rental payments |
-124 |
-135 |
|
Principal element of lease rental payments |
-329 |
-341 |
|
Repayment of bank loans |
– |
-2 |
|
Issue of fixed term debt |
99 |
– |
|
Repayment of fixed term debt |
– |
-95 |
|
New shares issued under share schemes |
8 |
5 |
|
Purchase of own shares for cancellation |
-337 |
-157 |
|
Purchase of own shares for ESOP trust |
-9 |
-29 |
|
Ordinary dividends paid to equity shareholders of the Company |
-246 |
-254 |
|
Net cash flows used in financing activities |
-943 |
-1,030 |
|
Net dec in cash and cash equivalents and bank overdrafts |
-555 |
-237 |
|
Cash and cash equivalents and bank overdrafts at beginning of year |
809 |
1,136 |
|
Exchange differences |
16 |
-90 |
|
Cash and cash equivalents and bank overdrafts at end of year |
270 |
809 |
Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:
A. Cash Flow from Operating Activities
In 2023, KLM Axiva Finvest Ltd generated ₹984 from its operating activities, while in the previous year (2022), this figure was higher at ₹1,411. Adjustments included income tax payments of -₹130 in 2023 and -₹169 in 2022. Additionally, the company made payments to the French tax authority of -₹34 in 2023, which was not applicable in 2022. Other tax authority payments amounted to -₹64 in 2022 but were not specified for 2023. As a result, the net cash flows from operating activities were ₹820 in 2023 and ₹1,178 in 2022.
B. Cash Flow from Investing Activities
In 2023, KLM Axiva Finvest Ltd spent ₹449 on the purchase of property, plant, and equipment and intangible assets. In 2022, this expenditure was slightly lower at ₹397. The company also disposed of property, plant, and equipment and intangible assets held for sale, generating ₹2 in 2023 and ₹9 in 2022. Disposal of businesses, net of cash disposed, contributed ₹8 in 2023 and ₹7 in 2022. Interest received increased from ₹2 in 2022 to ₹5 in 2023, and interest and principal elements of lease rental receipts remained consistent. Advance payments on right-of-use assets amounted to -₹7 in 2023 and -₹11 in 2022, while advance receipts on right-of-use assets were ₹2 in 2023 and not specified for 2022. Dividends received from joint ventures and associates increased from ₹1 in 2022 to ₹3 in 2023. The net cash flows used in investing activities were -₹432 in 2023 and -₹385 in 2022.
C. Cash Flow from Financing Activities
The company paid -₹5 in interest in 2023 and -₹22 in 2022. The interest element of lease rental payments amounted to -₹124 in 2023 and -₹135 in 2022, while the principal element of lease rental payments was -₹329 in 2023 and -₹341 in 2022. There was no repayment of bank loans in 2023, but in 2022, -₹2 was spent in this category. KLM Axiva Finvest Ltd issued fixed-term debt amounting to ₹99 in 2023, with no such issuance in 2022. The company also repaid -₹95 of fixed-term debt in 2022. New shares were issued under share schemes, resulting in ₹8 in 2023 and ₹5 in 2022. The purchase of own shares for cancellation amounted to -₹337 in 2023 and -₹157 in 2022, while the purchase of own shares for the ESOP trust was -₹9 in 2023 and -₹29 in 2022. Ordinary dividends paid to equity shareholders of the company were -₹246 in 2023 and -₹254 in 2022. Consequently, the net cash flows used in financing activities were -₹943 in 2023 and -₹1,030 in 2022.
Overall Net Cash Flows
The net decrease in cash and cash equivalents for 2023 was -₹555, indicating a reduction in liquidity compared to -₹237 in 2022. Cash and cash equivalents and bank overdrafts at the beginning of the year were ₹809 in 2023 and ₹1,136 in 2022. Exchange differences added ₹16 to the cash and cash equivalents in 2023, while they subtracted -₹90 in 2022. This led to cash and cash equivalents and bank overdrafts at the end of the year amounting to ₹270 in 2023, compared to ₹809 in 2022. These figures illustrate the company 's cash flow activities and changes in its financial position over the specified years.
