| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Sharp Commercial Enterprises Limited |
|
Particulars |
2023 |
2022 |
|
ASSETS |
|
|
|
Non-current assets |
|
|
|
Property, Plant & Equipment |
728.75 |
983.33 |
|
Total non-current assets |
728.75 |
983.33 |
|
Current assets |
|
|
|
Financial Assets |
|
|
|
Trade Receivable |
49,419.72 |
49,419.72 |
|
Cash and Bank Balances |
2,916.16 |
346 |
|
Loans |
1,28,810.14 |
1,28,810.14 |
|
Other Current Assets |
250 |
- |
|
Total Current Assets |
1,81,396.02 |
1,78,575.86 |
|
Total Assets |
1,82,124.77 |
1,79,559.19 |
|
EQUITY AND LIABILITIES |
|
|
|
EQUITY |
|
|
|
Equity share capital |
1,59,020.00 |
1,59,020.00 |
|
Other equity |
15,103.37 |
14,419.19 |
|
Total Equity |
1,74,123.37 |
1,73,439.19 |
|
LIABILITIES |
|
|
|
Non-current liabilities Financial Liabilities |
|
|
|
(i) Borrowings |
6,861.40 |
5,700.00 |
|
Total Non Current Liabilities |
6,861.40 |
5,700.00 |
|
Current liabilities |
|
|
|
(a) Other current liabilities |
840 |
420 |
|
(b) Short Term Provisons |
300 |
- |
|
Total Current Liabilities |
1,140.00 |
420 |
|
Total Equity and Liabilities |
1,82,124.77 |
1,79,559.19 |
|
Particulars |
2023 |
2022 |
|
Other Income |
2,524.30 |
- |
|
Total Income |
2,524.30 |
- |
|
Expenses |
|
|
|
Depreciation and amortization expense |
254.58 |
343.52 |
|
Other expenses |
1,285.54 |
420.36 |
|
Total expenses |
1,540.12 |
763.88 |
|
Profit / (loss) before tax |
984.18 |
763.88 |
|
Tax expense |
|
|
|
Current tax |
300 |
- |
|
|
300 |
- |
|
Profit/(Loss) for the period |
684.18 |
763.88 |
|
Total Comprehensive Income for the year |
684.18 |
763.88 |
|
Particulars |
2023 |
2022 |
|
Cash flow from operating activities |
|
|
|
Net Profit / (Loss) before extraordinary items and tax |
984.18 |
-763.88 |
|
Adjustment for: |
|
|
|
Depreciation |
254.58 |
343.52 |
|
Operating profit before working capital changes |
1,238.76 |
-420.36 |
|
Movements in working capital : |
|
|
|
Increase / (decrease) in Current Liability |
1,581.10 |
-34,601.66 |
|
Cash generated from operations |
2,819.86 |
-35,022.02 |
|
Net cash flow from operating activities |
2,819.86 |
-35,022.02 |
|
Net increase/(decrease) in cash and cash equivalents |
2,819.86 |
-35,022.02 |
|
Cash and cash equivalents at the beginning of the year |
346 |
-35,021.66 |
|
Cash and cash equivalents at the end of the year |
3,165.86 |
-70,043.68 |
|
Reconciliation of Cash and cash equivalents with the Balance Sheet: |
|
|
|
Cash and bank balances as per Balance Sheet |
2,916.16 |
346 |
|
Net Cash and cash equivalents (as defined in AS 3 Cash Flow Statements) |
2,916.16 |
346 |
|
Cash and cash equivalents at the end of the year |
|
|
|
Comprises: |
|
|
|
Cash in hand |
223.7 |
223.7 |
|
Balance with scheduled Banks |
|
|
|
In current accounts |
2,692.46 |
122.3 |
|
|
2,916.16 |
346 |
Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:
1. Net Profit / (Loss) before extraordinary items and tax:
In 2023, the company reported a Net Profit of Rs 984.18 million, a significant improvement from the previous year 's loss of Rs -763.88 million.
2. Adjustment for Depreciation:
Depreciation amounted to Rs 254.58 million in 2023, down from Rs 343.52 million in 2022.
3. Operating profit before working capital changes:
The operating profit before considering changes in working capital was Rs 1,238.76 million in 2023, marking a positive shift from the previous year 's negative value of Rs -420.36 million.
4. Movements in working capital - Increase / (decrease) in Current Liability:
There was a significant increase in current liabilities in 2023, amounting to Rs 1,581.10 million, compared to a decrease of Rs -34,601.66 million in 2022. This movement influenced the overall cash flow from operations.
5. Cash generated from operations:
As a result of the operating profit and working capital changes, the cash generated from operations in 2023 was Rs 2,819.86 million, indicating a positive cash flow. In contrast, 2022 experienced a negative cash flow of Rs -35,022.02 million.
6. Net cash flow from operating activities:
The net cash flow from operating activities for both years aligns with the cash generated from operations, amounting to Rs 2,819.86 million in 2023 and a negative Rs -35,022.02 million in 2022.
7. Net increase/(decrease) in cash and cash equivalents:
The net increase in cash and cash equivalents for 2023 was Rs 2,819.86 million, contrasting with the significant decrease of Rs -35,022.02 million in 2022.
8. Cash and cash equivalents at the beginning and end of the year:
The company started 2023 with cash and cash equivalents of Rs 346 million, and by the end of the year, it had increased to Rs 3,165.86 million. In 2022, the company began with Rs 346 million but ended with a lower balance of Rs -70,043.68 million.
9. Reconciliation of Cash and cash equivalents with the Balance Sheet:
The cash and cash equivalents as per the Balance Sheet and the net cash and cash equivalents (as defined in AS 3 Cash Flow Statements) match, indicating proper reconciliation.
10. Composition of Cash and cash equivalents at the end of the year:
The cash and cash equivalents at the end of 2023 comprised Rs 223.7 million in hand and Rs 2,692.46 million with scheduled banks in current accounts.
