Winsome Yarns Annual Reports, Balance Sheet and Financials

Winsome Yarns Limited Balance Sheet (Rs In Lakhs)

Particulars	2023	2022
ASSETS
Non-current assets
Property, plant and equipment	14,809.68	16,192.19
Other intangibles assets	7.83	12.64
Financial assets
Other non current assets	2,763.31	2,766.62
	17,580.82	18,971.45
Current assets
Inventories	553.07	1,222.17
Financial assets
Investment	2,568.41	2,568.41
Trade receivables	293.07	1,426.37
Cash and cash equivalents	107.75	126.92
Other bank balances	30.66	31.66
Current tax assets	104.71	152.2
Other current assets	427.34	1,093.50
	4,085.01	6,621.23
TOTAL ASSETS	21,665.83	25,592.68
EQUITY AND LIABILITIES
Equity
Share capital	7,070.72	7,070.72
Other equity	-47,968.05	-45,316.69
	-40,897.33	-38,245.97
Liabilities
Non-current liabilities
Deferred grant income	69.06	69.06
Provisions	193.79	158.34
	262.85	227.4
Current liabilities
Financial liabilities
Borrowings	55,657.63	55,657.63
Trade Payables
Outstanding dues of Micro and small enterprises	80.66	81.39
Outstanding dues of creditors other than Micro and small enterprises	3,371.03	3,672.92
Other financial liabilities	2,955.12	3,830.08
Deferred grant income	9.23	9.23
Other current liabilities	199.9	333.26
Provisions	26.74	26.74
	62,300.31	63,611.25
Total liabilities	62,563.16	63,838.66
TOTAL EQUITY AND LIABILITIES	21,665.83	25,592.68

 Winsome Yarns Limited Profit & Loss Statement (Rs In Lakhs)

Particulars	2023	2022
INCOME
Revenue from operations	3,093.37	4,347.24
Other income	470.7	24.95
Total Income	3,564.07	4,372.19
EXPENSES
Cost of material consumed	755.54	508.57
Change in inventories of finished goods, work in process and stock in trade	411.22	-152.37
Employees benefit expenses	1,606.54	1,860.76
Depreciation and amortization	1,387.32	1,486.31
Other expenses	2,045.30	2,131.59
Total Expense	6,205.92	5,834.86
Loss before exceptional items and tax	-2,641.85	-1,462.67
Loss before tax	-2,641.85	-1,462.67
Less/(-Add): Tax expense
Loss after tax	-2,641.85	-1,462.67
Total Comprehensive Income	-2,641.85	-1,397.59
Earnings per equity share [par value of Rs. 10 (Rs. 10) each]
1. Basic (Rs.)	-3.74	-1.98
2. Diluted (Rs.)	-3.74	-1.98

 Winsome Yarns Limited Consolidated Cash Flow Statement (Rs In Lakhs)

Particulars	2023	2022
A. CASH FLOW FROM OPERATIONS
Loss before tax	-2,641.85	-1,397.59
Adjustment for:
Depreciation	1,387.32	1,486.31
Amortisation of lease hold land	3.31	3.31
Interest income	12.03	-9.79
Operating profit before working capital changes	-1263.25	82.24
Adjustment for working capital changes:
Increase/(Decrease) in financial liabilities
Trade payables	-293.88	365.33
Revenue received in advance	-132.02	--
Other payables	-710.3	93.9
Increase/(Decrease) in other current liabilities	-133.36	-12.45
Increase/(Decrease) in provisions	35.45	-70.12
(Increase)/Decrease in financial assets
Trade and other receivables	1088.73	9.67
(Increase)/Decrease in other current assets	659.85	-340.92
(Increase)/Decrease)in inventories	669.1	-152.53
	79.68	-24.9
Current tax liabilities (Net)	47.48	-15.75
Net cash flow from operating activities	-32.19	-40.65
B. CASH FLOW FROM INVESTING ACTIVITIES
Interest receipts	12.03	9.79
Net cash used in investing activities	12.03	9.79
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	-20.17	-30.85
Cash and cash equivalents - Opening balance	189.43	189.43
Cash and cash equivalents - Closing balance	158.58	158.58

Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:

A. Cash Flow from Operations:

1. Loss Before Tax:

2023: -2,641.85

2022: -1,397.59

The company incurred operating losses in both years before considering tax implications.

2. Adjustment for:

Depreciation:

2023: 1,387.32

2022: 1,486.31

Depreciation is a non-cash expense added back to the loss to account for the decrease in the value of assets over time.

Amortization of Leasehold Land:

2023: 3.31

2022: 3.31

Similar to depreciation, this represents the amortization of leasehold land, a non-cash expense.

Interest Income:

2023: 12.03

2022: -9.79

Interest income is added back, as it is not part of the core operating activities and represents cash received.

Operating Profit Before Working Capital Changes:

2023: -1,263.25

2022: 82.24

This is the result after adjusting for non-cash expenses and income.

3. Adjustment for Working Capital Changes:

Increase/(Decrease) in Financial Liabilities:**

Trade Payables:

2023: -293.88

2022: 365.33

A decrease in trade payables in 2023 and an increase in 2022. A decrease in payables contributes positively to cash flow.

Revenue Received in Advance:

2023: -132.02

2022: Not provided

A decrease in revenue received in advance in 2023, which means less cash received in advance compared to the previous period.

Other Payables:

2023: -710.3

2022: 93.9

A significant decrease in other payables in 2023, which impacts cash flow negatively.

Increase/(Decrease) in Other Current Liabilities:

2023: -133.36

2022: -12.45

A decrease in other current liabilities, contributing positively to cash flow.

Increase/(Decrease) in Provisions:

2023: 35.45

2022: -70.12

An increase in provisions in 2023, which impacts cash flow negatively. In 2022, there was a decrease.

(Increase)/Decrease in Financial Assets:

Trade and Other Receivables:

2023: 1088.73

2022: 9.67

An increase in receivables in 2023, which means less cash received from customers compared to the previous period.

(Increase)/Decrease in Other Current Assets:

2023: 659.85

2022: -340.92

An increase in other current assets in 2023, impacting cash flow negatively.

(Increase)/Decrease in Inventories:

2023: 669.1

2022: -152.53

An increase in inventories in 2023, which impacts cash flow negatively.

Current Tax Liabilities (Net):

2023: 47.48

2022: -15.75

An increase in current tax liabilities in 2023, impacting cash flow negatively.

4. Net Cash Flow from Operating Activities:

2023: -32.19

2022: -40.65

The net cash flow from operating activities is calculated by summing up the adjustments, additions, and deductions mentioned above. It represents the cash generated or used by the company 's core operations.

B. Cash Flow from Investing Activities:

Interest Receipts:

2023: 12.03

2022: 9.79

Cash received from interest receipts, contributing positively to cash flow from investing activities.

Net Cash Used in Investing Activities:

2023: 12.03

2022: 9.79

The net cash used in investing activities is the sum of all cash transactions related to the purchase and sale of investments, property, plant, and equipment, and other long-term assets.

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

The net increase/(decrease) in cash and cash equivalents is calculated by summing up the net cash flow from operating activities and net cash used in investing activities. In this case, it is negative, indicating a net decrease in cash and cash equivalents during the period.

Cash and Cash Equivalents (Opening and Closing Balance):

These represent the company 's cash position at the beginning and end of the period. The closing balance is lower than the opening balance, indicating a decrease in cash and cash equivalents during the period.