Associated Finman Annual Reports, Balance Sheet and Financials

Associated Finman Limited Balance Sheet (Rs in hundreds)

Associated Finman Limited Profit & Loss Statement (Rs in hundreds)

Associated Finman Limited Consolidated Cash Flow Statement (Rs in hundreds)

Here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flow from Operating Activities:

Net Profit before Tax and after Extraordinary Items: In the year ending March 31, 2023, the company reported a net profit before tax and after extraordinary items of rs. 2,814.35, while in 2022, it incurred a loss of rs. 2,922.12.

Operating Profit before Working Capital Charges: The operating profit before working capital charges mirrored the net profit figures, indicating no significant adjustments required for working capital.

Trade & Other Receivables, Trade Payables & Other Liabilities: There was a decrease in trade and other receivables in 2023 compared to an increase in 2022. Similarly, trade payables and other liabilities decreased in 2023 but increased in 2022.

Cash generated from operations: Despite the increase in receivables and decrease in payables in 2023, the company generated - rs. 2,797.25 in cash from operations. In 2022, it generated - rs. 9,103.67, indicating a reduction in cash flow from operations compared to the previous year.

Direct Taxes: The company did not report direct taxes in 2023, while it incurred a tax expense of - rs. 4,374.78 in 2022, further impacting the cash flow from operating activities.

Net Cash Flow from Operating Activities: Consequently, the net cash flow from operating activities was - rs. 2,797.25 in 2023 and - rs. 13,478.45 in 2022, reflecting the cash inflows and outflows from the company 's core operations.

Cash Flow from Investing Activities:

Decrease/Increase in Trade Investments: The company experienced an increase in trade investments, resulting in cash inflows of rs. 3,000 in 2023 and rs. 19,500 in 2022.

Net Cash Flow from Investing Activities: Consequently, the net cash flow from investing activities was rs. 3,000 in 2023 and rs. 19,500 in 2022, reflecting the company 's investment activities for each year.

Cash Flow from Financing Activities:

Unsecured Loans from Body Corporate: The company did not obtain any unsecured loans from a body corporate in both 2023 and 2022.

Net Cash Flow from Financing Activities: Consequently, the net cash flow from financing activities was rs. 0 in both 2023 and 2022.

Net Increase in Cash and Cash Equivalents:

The net increase in cash and cash equivalents was rs. 202.75 in 2023 and rs. 21.55 in 2022, reflecting the overall change in the company 's cash position due to operating, investing, and financing activities.

Cash and Cash Equivalents at the Beginning and End of the Year:

The cash and cash equivalents at the beginning of the year were rs. 178.43 in 2023 and rs. 156.88 in 2022. By the end of the year, cash and cash equivalents increased to rs. 381.18 in 2023 and remained at rs. 178.43 in 2022, indicating the ending cash position of the company for each year.

Financial Ratios of Associated Finman Limited

Here is a summary of the financial and operational metrics for Associated Finman Limited for the year 2023 and 2022:

Current Ratio: The current ratio increased from 407.062 in 2022 to 485.032 in 2023. Both ratios are exceptionally high, suggesting that the company has an overwhelmingly high amount of current assets relative to its current liabilities. Such extremely high ratios may indicate inflated asset values or potential data errors.

Debt Service Coverage Ratio: The debt service coverage ratio decreased significantly from -18.113 in 2022 to 0.000 in 2023. The negative value in 2022 indicates that the company 's operating income was insufficient to cover its debt obligations. The improvement to 0.000 in 2023 suggests that the company 's operating income may now cover its debt obligations, although a ratio of 0.000 could also indicate potential financial difficulties or data issues.

Return on Equity Ratio: The return on equity ratio improved from -0.003% in 2022 to 0.002% in 2023. While still very low, this indicates a slight improvement in the company 's ability to generate profit relative to shareholders ' equity.

Inventory Turnover Ratio: The inventory turnover ratio increased from 0.018 in 2022 to 0.032 in 2023. This indicates that the company is selling its inventory at a faster rate in 2023 compared to the previous year, which may be a positive sign of improved inventory management.

Trade Receivables Turnover Ratio: The trade receivables turnover ratio decreased from 0.019 in 2022 to 0.011 in 2023. This suggests that the company is collecting its receivables at a slower rate in 2023 compared to the previous year, which may impact its cash flow and liquidity.

Net Capital Turnover Ratio: The net capital turnover ratio decreased from 0.015 in 2022 to 0.009 in 2023. This indicates a decline in the company 's efficiency in generating revenue relative to its net capital.

Net Profit Ratio: The net profit ratio improved significantly from -0.156% in 2022 to 0.229% in 2023. This indicates a positive change in the company 's profitability relative to its total revenue.

Return on Capital Employed Ratio: The return on capital employed ratio improved from -0.003% in 2022 to 0.003% in 2023. This indicates a slight improvement in the company 's ability to generate profit from its capital investments.