Nu Tek India LimitedAnnual Report and Financials

Nu Tek India Limited Balance Sheet (Rs In Lakhs)

Particulars	2017	2016
EQUITY AND LIABILITIES
Shareholders’ Funds
(a) Share capital	7,726	7,726
(b) Reserves and surplus	54,110	55,372
	61,836	63,098
Non-Current Liabilities
(a) Long-term borrowings	244	118
(b) Long-term provisions	109	94
	353	212
Current Liabilities
(a) Short-term borrowings	315	1,351
(b) Trade payables	2,104	2,158
(c) Other current liabilities	1,523	578
(d) Short-term provisions	1,645	1,587
	5,587	5,676
	67,775	68,985
ASSETS
Non-Current Assets
(a) Fixed assets
(i) Tangible assets	211	219
(ii) Intangible assets	74	302
(iii) Capital work-in-progress	3,683	3,769
(b) Non-current investments	30,449	31,144
(c) Deferred tax assets (net)	273	113
(d) Long-term loans and advances	7,778	7,475
	42,476	43,022
Current Assets
(b) Trade receivables	12,248	11,928
(c) Cash and cash equivalents	170	490
(d) Short-term loans and advances	11,321	11,980
(e) Other current assets	1,568	1,564
	25,308	25,963
	67,775	68,985

 Nu Tek India Limited Profit & Loss Statement (Rs In Lakhs)

Particulars	2017	2016
CONTINUING OPERATIONS
Revenue from operations	4,357	3,881
Other income	68	600
Total revenue	4,425	4,481
Expenses
(a) Purchases	212	303
(b) Employee benefits expense	2,156	2,116
(c) Finance costs	174	265
(d) Depreciation and amortization expense	355	750
(e) Other expenses	1,852	2,285
Total expenses	4,748	5,718
Profit / (Loss) before tax	-323	-1,237
Tax expense:
(a) Current tax expense for current year	-70	88
(b) Net current tax expense	-70	88
(c) Deferred tax	-165	-93
Profit / (Loss) for the year	-87	-1,233
PBT Ratio	-7.42	-31.88
PAT Ratio	-2.01	-31.78
Earnings per share (of Rs. 5/- each):
(a) Basic	-0.06	-0.8
(b) Diluted	-0.06	-0.8

Nu Tek India Limited Consolidated Cash Flow Statement (Rs In Lakhs)

Particulars	2017	2016
A. Cash flow from operating activities
Net Profit / (Loss) before extraordinary items and tax	-323	-1,237
Adjustments for:
Depreciation and amortisation	355	750
Finance costs	174	265
Unserviciable Project under Progress Written off	208	208
Liquidity Damages	5	73
Provision for Doubtful Debts	417	310
Security Written off	-	15
Non Operating Income	-48	-570
Interest income	-18	-28
Operating profit / (loss) before working capital changes	768	-214
Changes in working capital:
Adjustments for (increase) / decrease in operating assets:
Trade receivables	171	491
Loans and advances	-356	-825
Project under Progress	963	967
Other assets	3	3
Adjustments for increase / (decrease) in operating liabilities:
Trade and other payables	-888	-834
Other current liabilities	-73	-209
Cash generated from operations	588	-621
Net income tax (paid) / refunds	-174	-6
Net cash flow from / (used in) operating activities (A)	762	-615
B. Cash flow from investing activities
Capital expenditure on fixed assets, including capital advances	-160	-160
Increase/Decrease in fixed assets	-80	-80
Increase/Decrease in investments	677	-1617
Interest received
- Others	18	28
Net cash flow from / (used in) investing activities (B)	456	-1,829
C. Cash flow from financing activities
Proceeds from long-term borrowings	45	45
Net increase / (decrease) in working capital borrowings	-287	-287
Proceeds from other short-term borrowings	0	0
Finance cost	-174	-265
Net cash flow from / (used in) financing activities (C)	-416	-507
Net increase / (decrease) in Cash and cash equivalents (A+B+C)	805	-2,951
Cash and cash equivalents at the beginning of the year	490	1,163
Effect of exchange differences on restatement of foreign currency Cash and cash equivalents	-1,121	2,277
Cash and cash equivalents at the end of the year	173	490
Comprises:
(a) Cash on hand	10	0.3
(b) Balances with banks
(i) In current accounts	48	98
(ii) In EEFC accounts	-	0.0006
(iii) In deposit accounts	112	307
(iv) Cheques in Hand	-	85
	170	490

Certainly, here is a summary of the Cash Flow Statement for the years 2017 and 2016:

A. Cash Flow from Operating Activities:

2017:

1. Net Profit / (Loss) before extraordinary items and tax: -323

This is the net profit or loss generated by the company before accounting for extraordinary items and tax.

2. Adjustments for:

Depreciation and amortization: 355

Depreciation is a non-cash expense representing the decrease in the value of assets over time. It is added back to the net profit since it is a non-cash item.

Finance costs: 174

Finance costs represent interest expenses and other costs related to financing. They are added back to the net profit since they are non-cash items.

Unserviceable Project under Progress Written off: 208

This represents the write-off of an unserviceable project under progress. It is added back to the net profit as it is a one-time expense.

Liquidity Damages: 5

Liquidity damages are added back to the net profit as they represent non-operating expenses.

Provision for Doubtful Debts: 417

This represents an amount set aside for potential losses on doubtful debts. It is added back to the net profit as it is a non-cash provision.

Security Written off: -

If there 's any write-off of securities, it would be added back.

Non-Operating Income: -48

Non-operating income is subtracted as it is not generated from the core operations of the business.

Interest income: -18

Interest income is subtracted as it is not part of the core operating income.

3. Operating profit / (loss) before working capital changes: 768

This represents the profit or loss from the core operating activities of the business before considering changes in working capital.

4. Changes in working capital:

Adjustments for (increase) / decrease in operating assets:**

Trade receivables: 171 (Increase)

An increase in trade receivables represents cash not received for sales made on credit, and it is subtracted.

Loans and advances: -356 (Decrease)

A decrease in loans and advances represents an inflow of cash as it implies a reduction in funds tied up in advances.

Project under Progress: 963 (Increase)

An increase in the project under progress represents cash spent on ongoing projects and is subtracted.

Other assets: 3 (Increase)

An increase in other assets represents a use of cash.

Adjustments for increase / (decrease) in operating liabilities:**

Trade and other payables: -888 (Decrease)

A decrease in trade and other payables represents an outflow of cash as it implies payments made to suppliers.

Other current liabilities: -73 (Decrease)

A decrease in other current liabilities represents an outflow of cash.

5. Cash generated from operations: 588

The net result of the operating activities shows the cash generated or used in the company 's core operations.

6. Net income tax (paid) / refunds: -174

This represents the cash paid for income taxes and is subtracted.

7. Net cash flow from / (used in) operating activities (A): 762

This is the net cash inflow or outflow from the company 's core operating activities.

2016:

Similar breakdown as in 2017 with corresponding values for each item.

B. Cash Flow from Investing Activities:

2017:

1. Capital expenditure on fixed assets, including capital advances: -160

Capital expenditure represents the cash spent on acquiring or improving fixed assets and is subtracted.

2. Increase/Decrease in fixed assets: -80

This represents the change in the company 's fixed assets and is subtracted.

3. Increase/Decrease in investments: 677

This represents the change in the company 's investments and is added.

4. Interest received - Others: 18

This represents interest received from other sources and is added.

5. Net cash flow from / (used in) investing activities (B): 456

This is the net cash inflow or outflow from the company 's investing activities.

2016:

Similar breakdown as in 2017 with corresponding values for each item.

C. Cash Flow from Financing Activities:

2017:

1. Proceeds from long-term borrowings: 45

This represents the cash received from long-term borrowings and is added.

2. Net increase / (decrease) in working capital borrowings: -287

This represents the change in working capital borrowings and is subtracted.

3. Proceeds from other short-term borrowings: 0

This represents the cash received from other short-term borrowings and is added.

4. Finance cost: -174

This represents the cash paid for finance costs and is subtracted.

5. Net cash flow from / (used in) financing activities (C ): -416

This is the net cash inflow or outflow from the company 's financing activities.

2016:

Similar breakdown as in 2017 with corresponding values for each item.

Net Increase / (Decrease) in Cash and Cash Equivalents:

2017:

Net increase / (decrease) in Cash and cash equivalents (A+B+C): 805

This is the net change in cash and cash equivalents resulting from operating, investing, and financing activities.

2016:

Net increase / (decrease) in Cash and cash equivalents (A+B+C): -2,951

This is the net change in cash and cash equivalents resulting from operating, investing, and financing activities.

Cash and Cash Equivalents:

2017:

Cash and cash equivalents at the beginning of the year: 490

Effect of exchange differences on the restatement of foreign currency Cash and cash equivalents: -1,121

Cash and cash equivalents at the end of the year: 173

2016:

Cash and cash equivalents at the beginning of the year: 1,163

Effect of exchange differences on the restatement of foreign currency Cash and cash equivalents: 2,277

Cash and cash equivalents at the end of the year: 490

Comprises:

(a) Cash on hand: 10

(b) Balances with banks:

(i) In current accounts: 48

(ii) In EEFC accounts:

(iii) In deposit accounts: 112

(iv)  Cheques in Hand: -

Total Cash and Cash Equivalents at the end of the year: 173