Todays Writing Instruments Annual Reports, Balance Sheet and Financials

Today’s Writing Instruments Limited Balance Sheet (Rs)

Particulars	2017	2016
EQUITY AND LIABILITIES
Shareholders’ funds
(a) Share capital	128,133,000	128,133,000
(b) Reserves and surplus	-2,303,182,923	-2,223,160,297
Total Shareholders Fund	-2,175,049,923	-2,095,027,297
Non-current liabilities
(a) Long-term borrowings	109,027,255	105,216,305
(b) Other long-term liabilities	-	-
(c) Long-term provisions	12,166,512	10,478,039
Total Non Current Liabilities	121,193,767	115,694,344
Current liabilities
(a) Short-term borrowings	1,191,573,194	1,276,037,688
(b) Trade payables	176,094,492	185,689,867
(c) Other current liabilities	1,406,646,703	1,209,078,222
(d) Short-term provisions	1,392,006	1,848,413
Total Current Liabilities	2,775,706,395	2,672,654,190
Total Equity & Liabilities	721,850,239	693,321,240
ASSETS
Non-current assets
(a) Fixed assets
(i) Tangible assets	256,479,314	291,333,512
(ii) Intangible assets	109,589	109,589
(b) Non-current investments	35,223,818	35,223,818
(c) Deferred tax assets (net)	-	100,546,394
(d) Long-term loans and advances	1,500,616	6,924,401
(e) Other non current assets	14,323,883	18,883,921
(f) Minority interest	197,163,426	62,419,948
Total Non Current Assets	504,800,646	515,441,583
Current assets
(a) Inventories	47,132,155	60,587,347
(b) Trade receivables	19,977,869	14,112,483
(c) Cash and cash equivalents	17,533,763	18,482,795
(d) Short-term loans and advances	131,406,312	83,627,260
(e) Other Current Assets	999,495	1,069,772
Total Current Assets	217,049,593	177,879,657
Total Assets	721,850,239	693,321,240

Today’s Writing Instruments Limited Profit & Loss Statement (Rs)

Particulars	2017	2016
INCOME
Revenue from operations	284,802,800	535,328,372
Other income	51,596,124	48,348,495
Total revenue	336,398,924	583,676,867
OPERATING EXPENDITURE
(a) Cost of materials consumed	157,771,527	290,552,853
(b) Purchases of traded goods	10,603,575	34,014,382
(c) Changes in inventories	6,986,268	5,536,928
(d) Employee benefits expense	58,781,234	76,240,451
(e) Finance charges,	102,422,619	102,701,640
(f) Depreciation	35,091,530	41,835,419
(g) Other expenses	79,461,881	157,658,767
	451,118,634	708,540,441
PROFIT BEFORE TAX	-114,719,710	-124,863,574
Add:- Prior Period Expenses	-114,719,710	-124,863,574
Tax expense:
(a) Deferred tax	100,613,902	97,694,645
Profit / (Loss) after tax	-215,333,612	-222,558,219
Less: Minority Interest	-135,310,986	11,444,947
Profit / (Loss) after tax and minority interest	-80,022,626	-234,003,166
Earnings per share (of ` 10/- each):
(a) Basic	-6.25	-18.26
(b) Diluted	-6.25	-18.26

Today’s Writing Instruments Limited Consolidated Cash Flow Statement (Rs)

Particulars	2017	2016
CASH FLOW FROM OPERATING ACTIVITIES
Net Profit/(Loss) before tax and extraordinary items	-114,719,710	-124,863,574
Adjustments for :
Depreciation	35,091,530	41,835,419
Interest income	-231,406	-856,012
Interest expense	102,356,618	101,725,133
(Profit) / Loss on Sale of Fixed Assets		-38,254,697
Share of loss in partnership firm	137,216,742
Operating Profit before Working Capital Changes	22,497,032	-20,413,731
Adjustments for :
(Increase) / decrease in inventories	13,455,192	13,022,631
(Increase) / decrease in Trade receivable	-5,865,386	50,951,001
(Increase) / decrease in Short term loans and advances	-47,779,051	-1,046,876
(Increase) / decrease in other current assets	70,277	-193,959
(Increase) / decrease in long term loans and advances	5,423,785	-1,314,664
(Increase) / decrease In other non current assets	4,560,037	7,764,697
Increase / (decrease) in trade payable	-9,595,376	-47,318,531
Increase / (decrease) in other current liabilities	197,568,481	-27,756,004
Increase / (decrease) in short term provisions	-456,407	376,365
Increase / (decrease) in long term provisions	1,688,473	1,108,197
Cash generated from / used in operations	181,567,057	-24,820,874
Net cash generated from / (used in) operating activities	181,567,057	-24,820,874
CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed Assets including CWIP	-237,334	-1,749,920
Sale/Discarded of Fixed Asset	-	45,787,429
Profit on sale of Fixed Assets	-	38,254,697
Adjustment due to addition of new subsidiary	760,499,998
Interest income	231,406	-856,012
Non current investment		40,000
Net cash (used) in investing activities	760,499,998	83,188,218
CASH FLOW FROM FINANCING ACTIVITIES
Interest paid	-102,356,618	-101,725,133
Net increase / (decrease) in working capital borrowings	-844,464,493	3,168,708
Net increase / (decrease) in long term borrowings	3,810,950	1,077,746
Net increase / (decrease) in Other long term liabilities		-318,305
Net cash (used in) from financing activities	-943,010,161	-97,796,984
Net Cash Flow for the year	-949,034	-39,429,640
Cash and cash Equivalents as at 31.03.2016	18,482,797	57,912,437
Cash and cash Equivalents as at 31.03.2017	17,533,763	18,482,797

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

2017:

CASH FLOW FROM OPERATING ACTIVITIES:

Net Profit/(Loss) before tax and extraordinary items: The company reported a net loss of Rs. 114,719,710 before tax and extraordinary items.

Adjustments:

Depreciation: Depreciation expenses amounted to Rs. 35,091,530.

Interest Income: The company earned -Rs. 231,406 in interest income.

Interest Expense: The company incurred interest expenses of Rs. 102,356,618.

(Profit)/Loss on Sale of Fixed Assets: A loss of Rs. 38,254,697 was incurred on the sale of fixed assets.

Share of Loss in Partnership Firm: The company had a share of loss amounting to Rs. 137,216,742.

Operating Profit before Working Capital Changes: The operating profit before changes in working capital was Rs. 22,497,032.

Adjustments for:

(Increase)/Decrease in Inventories: There was an increase of Rs. 13,455,192 in inventories.

(Increase)/Decrease in Trade Receivables: A decrease of Rs. 5,865,386 in trade receivables was observed.

(Increase)/Decrease in Short-Term Loans and Advances: A significant decrease of Rs. 47,779,051 in short-term loans and advances was noted.

(Increase)/Decrease in Other Current Assets: Other current assets increased by Rs. 70,277.

(Increase)/Decrease in Long-Term Loans and Advances: Long-term loans and advances increased by Rs. 5,423,785.

(Increase)/Decrease in Other Non-Current Assets: Other non-current assets increased by Rs. 4,560,037.

Increase/(Decrease) in Trade Payable: There was a decrease of Rs. 9,595,376 in trade payables.

Increase/(Decrease) in Other Current Liabilities: Other current liabilities increased by Rs. 197,568,481.

Increase/(Decrease) in Short-Term Provisions: Short-term provisions decreased by Rs. 456,407.

Increase/(Decrease) in Long-Term Provisions: Long-term provisions increased by Rs. 1,688,473.

Cash Generated from/Used in Operations: The company generated Rs. 181,567,057 in cash from operations.

Net Cash Generated from/(Used in) Operating Activities: The net cash flow from operating activities was Rs. 181,567,057.

CASH FLOW FROM INVESTING ACTIVITIES:

Purchase of Fixed Assets including CWIP: The company invested Rs. 237,334 in fixed assets.

Sale/Disposal of Fixed Asset: The company earned Rs. 45,787,429 from the sale of fixed assets.

Profit on Sale of Fixed Assets: A profit of Rs. 38,254,697 was realized from the sale of fixed assets.

Adjustment due to addition of new subsidiary: An adjustment of Rs. 760,499,998 was made due to the addition of a new subsidiary.

Interest Income: The company earned Rs. 231,406 in interest income.

Non-Current Investment: The company made a non-current investment of Rs. 40,000.

Net Cash (Used) in Investing Activities: The net cash flow used in investing activities was Rs. 760,499,998.

CASH FLOW FROM FINANCING ACTIVITIES:

Interest Paid: The company paid Rs. 102,356,618 in interest.

Net Increase/(Decrease) in Working Capital Borrowings: There was a decrease of Rs. 844,464,493 in working capital borrowings.

Net Increase/(Decrease) in Long Term Borrowings: Long-term borrowings increased by Rs. 3,810,950.

Net Increase/(Decrease) in Other Long Term Liabilities: Other long-term liabilities decreased by Rs. 318,305.

Net Cash (Used in)/from Financing Activities: The net cash flow used in financing activities was Rs. 943,010,161.

Net Cash Flow for the Year: A net decrease of Rs. 949,034 was observed.

Cash and Cash Equivalents as at 31.03.2016: Rs. 18,482,797.

Cash and Cash Equivalents as at 31.03.2017: Rs. 17,533,763.

2016:

CASH FLOW FROM OPERATING ACTIVITIES:

Net Profit/(Loss) before tax and extraordinary items: The company reported a net loss of Rs. 124,863,574 before tax and extraordinary items.

Adjustments:

Depreciation: Depreciation expenses amounted to Rs. 41,835,419.

Interest Income: The company earned -Rs. 856,012 in interest income.

Interest Expense: The company incurred interest expenses of Rs. 101,725,133.

(Profit)/Loss on Sale of Fixed Assets: A loss of Rs. 38,254,697 was incurred on the sale of fixed assets.

Share of Loss in Partnership Firm: No specific amount was provided for this item in 2016.

Operating Profit before Working Capital Changes: The operating profit before changes in working capital was -Rs. 20,413,731.

Adjustments for:

(Increase)/Decrease in Inventories: There was an increase of Rs. 13,022,631 in inventories.

(Increase)/Decrease in Trade Receivables: A significant increase of Rs. 50,951,001 in trade receivables was observed.

(Increase)/Decrease in Short-Term Loans and Advances: A decrease of Rs. 1,046,876 in short-term loans and advances was noted.

(Increase)/Decrease in Other Current Assets: Other current assets decreased by -Rs. 193,959.

(Increase)/Decrease in Long-Term Loans and Advances: Long-term loans and advances decreased by -Rs. 1,314,664.

(Increase)/Decrease in Other Non-Current Assets: Other non-current assets increased by Rs. 7,764,697.

Increase/(Decrease) in Trade Payable: There was a decrease of Rs. 47,318,531 in trade payables.

Increase/(Decrease) in Other Current Liabilities: Other current liabilities decreased by -Rs. 27,756,004.

Increase/(Decrease) in Short-Term Provisions: Short-term provisions increased by Rs. 376,365.

Increase/(Decrease) in Long-Term Provisions: Long-term provisions increased by Rs. 1,108,197.

Cash Generated from/Used in Operations: The company generated -Rs. 24,820,874 in cash from operations.

Net Cash Generated from/(Used in) Operating Activities: The net cash flow from operating activities was -Rs. 24,820,874.

CASH FLOW FROM INVESTING ACTIVITIES:

Purchase of Fixed Assets including CWIP: The company invested Rs. 1,749,920 in fixed assets.

Sale/Disposal of Fixed Asset: The company earned Rs. 45,787,429 from the sale of fixed assets.

Profit on Sale of Fixed Assets: A profit of Rs. 38,254,697 was realized from the sale of fixed assets.

Adjustment due to addition of new subsidiary: No specific amount was mentioned for this item in 2016.

Interest Income: The company earned -Rs. 856,012 in interest income.

Non-Current Investment: A non-current investment of Rs. 40,000 was made.

Net Cash (Used) in Investing Activities: The net cash flow used in investing activities was Rs. 83,188,218.

CASH FLOW FROM FINANCING ACTIVITIES:

Interest Paid: The company paid Rs. 101,725,133 in interest.

Net Increase/(Decrease) in Working Capital Borrowings: There was an increase of Rs. 3,168,708 in working capital borrowings.

Net Increase/(Decrease) in Long Term Borrowings: Long-term borrowings increased by Rs. 1,077,746.

Net Increase/(Decrease) in Other Long Term Liabilities: No specific amount was mentioned for this item in 2016.

Net Cash (Used in)/from Financing Activities: The net cash flow used in financing activities was -Rs. 97,796,984.

Net Cash Flow for the Year: A net decrease of Rs. 39,429,640 was observed.

Cash and Cash Equivalents as at 31.03.2016: Rs. 57,912,437.

Cash and Cash Equivalents as at 31.03.2017: Rs. 17,533,763.