Amar Vanijya Annual Reports, Balance Sheet and Financials

Amar Vanijya Limited Balance Sheet (Rs in Thousands)

Amar Vanijya Limited Profit & Loss Statement (Rs in Thousands)

 Amar Vanijya Limited Consolidated Cash Flow Statement (Rs in Thousands)

Here is a summary of the Cash Flow Statement for the years 2024 and 2023:

Cash Flow from Operating Activities:

In 2023-24, the company recorded a net loss of ₹5,123.16 thousand, a deeper loss compared to ₹957.73 thousand in 2022-23. After adjustments, including depreciation/loss on the sale of fixed assets (which was ₹31.15 thousand in 2023 but not present in 2024), the cash flow before working capital changes stood at ₹-5,123.16 thousand in 2024 compared to ₹-926.58 thousand in the previous year.

Working capital adjustments included:

A decrease in other current assets of ₹213.39 thousand in 2024, indicating that the company freed up cash by reducing these assets. In contrast, in 2023, there was an increase of ₹108.26 thousand, consuming cash.

A small decrease in current liabilities tax adjustment of ₹9.5 thousand in 2024, compared to a decrease of ₹18.02 thousand in the prior year.

The significant difference between 2023 and 2024 was in long-term provisions, which saw a sharp decrease of ₹1,856.61 thousand in 2023, but had no change in 2024.

As a result, net cash generated from operations in 2024 was a negative ₹4,919.27 thousand, which is an improvement over the higher negative cash flow of ₹2,909.47 thousand in 2023.

Cash Flow from Investing Activities:

In 2023-24, the company had a net cash outflow of ₹148.46 thousand from investing activities, which was a reversal compared to the net inflow of ₹501.2 thousand in 2022-23.

The company did not engage in any sale or purchase of fixed assets in 2024, unlike in 2023 when there was a small inflow of ₹1.2 thousand from the sale of fixed assets.

Investment purchases/sales resulted in an outflow of ₹210 thousand in 2024, compared to an inflow of ₹500 thousand in the prior year.

The company reported a loss on the sale of investments of ₹61.54 thousand in 2024, which did not appear in the 2023 cash flow.

The overall result is a minor outflow from investing activities in 2024, driven by a net purchase of investments and the loss on the sale of investments.

Cash Flow from Financing Activities:

Financing activities showed a net inflow of ₹6,198.76 thousand in 2023-24, compared to ₹1,941.69 thousand in the previous year. This significant improvement was primarily driven by:

An increase in loans given of ₹18,517.12 thousand in 2024, which represents loans provided by the company. In contrast, in 2023, there was a large decrease of ₹17,312.08 thousand, which contributed to negative cash flow.

A large increase in borrowings of ₹24,715.88 thousand in 2024, compared to a decrease of ₹15,371.59 thousand in 2023. The increase in borrowings reflects the company’s decision to raise debt financing, providing a significant source of cash inflow.

Overall, the company saw positive cash flow from financing activities due to increased borrowings and loans given, which improved its liquidity position in 2024.

Net Increase in Cash and Cash Equivalents:

Despite the negative cash flows from operating and investing activities, the strong inflow from financing activities resulted in a net increase in cash and cash equivalents of ₹1,131.03 thousand in 2024, compared to a net decrease of ₹467.78 thousand in 2023.

The company started the year with a small opening balance of ₹59.4 thousand and ended the year with a closing balance of ₹1,190.43 thousand in 2024, reflecting the positive impact of financing activities on its cash position.