XL Energy Annual Reports, Balance Sheet and Financials

XL Energy Limited Balance Sheet (In Rs Lakhs)

Particulars	2018	2017
ASSETS
Non-current assets
(a) Property, Plant and Equipment	7,597.57	8,466.45
(b) Capital work-in-progress	19,383.96	19,495.24
(c) Financial Assets
(i) Non current investments	297.4	297.4
(ii) Trade Receivables	-	-
(iii) Loans & Deposits	-	-
(d) Deferred tax assets (net)	0	0
(e) Other non current assets	17,466.95	17,596.65
Total Non-current Assets	44,745.89	45,855.75
Current assets
(a) Inventories	816.25	1,293.23
(b) Financial Assets
(i) Current investments	-	-
(ii) Trade receivables	15,349.79	15,558.44
(iii) Cash and cash equivalents	0.32	1.81
(iv) Loans & Deposits	11.14	37.55
(d) Other current assets	1.97	-
Total Current Assets	16,179.48	16,891.03
Total	60925.37	62746.78
EQUITY AND LIABILITIES
Equity
(a) Equity Share capital	2,277.44	2,277.44
(b) Preference Share Capital	10,378.04	10,378.04
(b) Other Equity	-37,725.87	-37,566.96
Total Equity	-25,070.39	-24,911.48
Non- current liabilities
(a) Financial Liabilities
(i) Long term borrowings	-	-
(ii) Non Current Trade Payable	391.54	391.54
(iii) Other financial liabilities	1,901.99	1,901.99
(b) Provisions	-
(c) Other non-current liabilities	3,125.04	3,125.04
Total Non-current Liabilities	5,418.57	5,418.57
Current liabilities
(a) Financial Liabilities
(i) Borrowings	80,240.54	81,793.95
(ii) Trade Payables	170.99	214.14
(iii) Other financial liabilities	-	-
(b) Other current liabilities	140.88	206.18
(c) Provisions	24.78	25.42
Total Current Liabilities	80,577.20	82,239.69
Total	60925.37	62746.78

 

XL Energy Limited Profit & Loss Statement (In Rs Lakhs)

Particulars	2018	2017
Revenue from Operations	42.84	106.31
Other Income	41.29	7.97
Total Income	84.13	114.28
Cost of materials consumed	37.37	111.72
Purchases of Stock in trade	-
Change in Inventory	-
Employees ' Benefit Expenses	28.67	19.38
Finance Cost	3.51	1.8
Depreciation & Amortization Expenses	6.15	30.8
Other Expenses	165.04	153.29
Total expenses	240.74	316.99
	-156.61	-202.71
Exceptional Items	2.31	72.95
Profit/Loss for the period	-158.92	-275.66
Total Comprehensive Income for the period	-158.92	-275.66
Earnings per equity share :
(1) Basic	-0.7	-1.21
(2) Diluted	-0.7	-1.21

XL Energy Limited Consolidated Cash Flow Statement (In Rs Lakhs)

Particulars	2018	2017
Cash Flow from Operating Activities
Net Profit (loss) before tax and extraordinary items	-156.6	-202.71
Adjustments for :
Depreciation	6.15	30.8
Misc Exp Written off	-	10.47
Exceptional Items - note no.36	-2.31	-72.95
Interest Income	-11.13	-6.32
Interest & Finance Charges	3.51	1.8
	-3.78	-36.2
Operating Profit before Working Capital Adjustments	-160.39	-238.91
Adjustments for :
(Increase)/ Decrease in Inventories	476.98	111.72
(Increase)/ Decrease in Trade and other receivables	208.65	91.7
(Increase)/Decrease in Short Term Loans & Advances	24.44	2.51
Increase/ (Decrease) in Trade Payables & others	-43.15	-32.74
Increase/ (Decrease) in Current Liability	-65.93	-105.66
Cash Generated from Operations	440.6	-171.38
Interest on Borrowings	-3.51	-1.8
Direct Taxes Paid
Transfer to General reserve
Net Cash Flow from Operations	437.09	-173.18
Cash Flow from Investing Activities
Fixed Assets & CWIP	974	4.31
Decrease in Value of Investments	-	72.95
Decrease (increase) in Non-current Assets	129.7	90.52
Increase/ (Decrease) in Non-current Liability	0	-2.5
Interest Income Received	11.13	6.32
Net Cash used in Investing Activities	1,114.83	171.61
Cash Flow from Financing Activities
Borrowing from Banks		-3.57
Net Cash Flow from Financing Activities	-1,553.41	-3.57
Net Increase /(Decrease) in Cash and Cash Equivalents	-1.48	-5.14
Cash and Cash Equivalents at the Beginning of the Year	1.81	6.95
Cash and Cash Equivalents at the End of the Year	0.32	1.81

 

Here is a summary of the Cash Flow Statement for the years 2018 and 2017:

 Cash Flows from Operating Activities:

 2018:

- Net Profit (Loss) before Tax and Extraordinary Items: The company reported a net loss of ₹156.6 lakhs, indicating a challenging financial year.

- Adjustments:

  - Depreciation: Depreciation expenses amounted to ₹6.15 lakhs, reflecting the decrease in the value of assets over time.

  - Miscellaneous Expenses Written Off: No miscellaneous expenses were written off in 2018.

  - Exceptional Items: Exceptional items amounted to a negative impact of ₹2.31 lakhs, representing extraordinary charges.

  - Interest Income: The company incurred a loss of ₹11.13 lakhs on interest income.

  - Interest & Finance Charges: Charges amounted to ₹3.51 lakhs, reflecting financial costs.

- Operating Profit before Working Capital Adjustments: The operating loss before adjustments stood at ₹160.39 lakhs.

Adjustments for Changes in Working Capital (2018):

- (Increase)/Decrease in Inventories: There was an increase of ₹476.98 lakhs in inventories, reflecting higher stock levels.

- (Increase)/Decrease in Trade and Other Receivables: An increase of ₹208.65 lakhs in trade and other receivables, indicating higher amounts owed to the company.

- (Increase)/Decrease in Short-Term Loans & Advances: Short-term loans and advances increased by ₹24.44 lakhs.

- Increase/(Decrease) in Trade Payables & Others: A decrease of ₹43.15 lakhs in trade payables and others.

- Increase/(Decrease) in Current Liability: A decrease of ₹65.93 lakhs in current liabilities.

- Cash Generated from Operations: Despite the operating loss, cash generated from operations was positive at ₹440.6 lakhs.

- Interest on Borrowings: Interest on borrowings amounted to a charge of ₹3.51 lakhs.

- Net Cash Flow from Operations: The net cash flow from operations was ₹437.09 lakhs.

 2017:

- Net Profit (Loss) before Tax and Extraordinary Items: A net loss of ₹202.71 lakhs was reported.

- Adjustments:

  - Depreciation: Higher depreciation of ₹30.8 lakhs compared to 2018.

  - Miscellaneous Expenses Written Off: ₹10.47 lakhs in miscellaneous expenses were written off.

  - Exceptional Items: Exceptional items had a more significant negative impact of ₹72.95 lakhs.

  - Interest Income: A loss of ₹6.32 lakhs on interest income.

  - Interest & Finance Charges: Charges amounted to ₹1.8 lakhs.

- Operating Profit before Working Capital Adjustments: The operating loss before adjustments stood at ₹238.91 lakhs.

 Adjustments for Changes in Working Capital (2017):

- (Increase)/Decrease in Inventories: An increase of ₹111.72 lakhs in inventories.

- (Increase)/Decrease in Trade and Other Receivables: An increase of ₹91.7 lakhs in trade and other receivables.

- (Increase)/Decrease in Short-Term Loans & Advances: Short-term loans and advances increased by ₹2.51 lakhs.

- Increase/(Decrease) in Trade Payables & Others: A decrease of ₹32.74 lakhs in trade payables and others.

- Increase/(Decrease) in Current Liability: A decrease of ₹105.66 lakhs in current liabilities.

- Cash Generated from Operations: Despite the operating loss, cash generated from operations was negative at ₹-171.38 lakhs.

- Interest on Borrowings: Interest on borrowings amounted to a charge of ₹1.8 lakhs.

- Net Cash Flow from Operations: The net cash flow from operations was ₹-173.18 lakhs.

 Cash Flows from Investing Activities:

 2018:

- Fixed Assets & CWIP: Investments in fixed assets and work in progress amounted to ₹974 lakhs.

- Decrease in Value of Investments: No decrease in the value of investments was reported.

- Decrease (Increase) in Non-current Assets: A net increase of ₹129.7 lakhs in non-current assets.

- Increase/(Decrease) in Non-current Liability: No change in non-current liabilities was reported.

- Interest Income Received: Interest income received during investing activities amounted to ₹11.13 lakhs.

- Net Cash used in Investing Activities: The net cash used in investing activities was ₹1,114.83 lakhs.

 2017:

- Fixed Assets & CWIP: Investments in fixed assets and work in progress amounted to ₹4.31 lakhs.

- Decrease in Value of Investments: Investments decreased by ₹72.95 lakhs.

- Decrease (Increase) in Non-current Assets: A net increase of ₹90.52 lakhs in non-current assets.

- Increase/(Decrease) in Non-current Liability: A decrease of ₹2.5 lakhs in non-current liabilities.

- Interest Income Received: Interest income received during investing activities amounted to ₹6.32 lakhs.

- Net Cash used in Investing Activities: The net cash used in investing activities was ₹171.61 lakhs.

 Cash Flows from Financing Activities:

 2018:

- Borrowing from Banks: Information about borrowing from banks was not provided.

- Net Cash Flow from Financing Activities: The net cash flow from financing activities was ₹-1,553.41 lakhs.

 2017:

- Borrowing from Banks: Borrowing from banks amounted to ₹-3.57 lakhs.

- Net Cash Flow from Financing Activities: The net cash flow from financing activities was ₹-3.57 lakhs.

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

1. 2018: There was a decrease of ₹1.48 lakhs in cash and cash equivalents.

2. 2017: There was a decrease of ₹5.14 lakhs in cash and cash equivalents.

Cash and Cash Equivalents at the End of the Year:

1. 2018: The closing balance of cash and cash equivalents was ₹0.32 lakhs.

2. 2017: The closing balance of cash and cash equivalents was ₹1.81 lakhs.

Financial Ratios (NA)

Dividend History (NA)