Atcom Technologies Limited Annual Report and Financials

Atcom Technologies Limited Balance Sheet (Rs)

 Atcom Technologies Limited Profit & Loss Statement (Rs)

Atcom Technologies Limited Consolidated Cash Flow Statement (Rs)

Certainly, here is a summary of the Cash Flow Statement for the years 2018 and 2017:

Cash Flow from Operating Activities:

2018:

1. Profit Before Tax: -1,269,430

This represents the profit generated by the business before accounting for tax expenses.

2. Adjustments:

Depreciation: 2,071,676

Depreciation is a non-cash expense that represents the decrease in the value of assets over time. It is added back to the profit before tax since it is a non-cash item.

3. Changes in assets and liabilities:

Inventories: 109,984 (Increase)

An increase in inventories is a use of cash. It indicates that more cash was tied up in the purchase of inventories during the period.

Trade & other Receivables: 200,006 (Increase)

An increase in receivables suggests that sales were made on credit, leading to a decrease in cash. It reflects revenue that has been recognized but not yet collected in cash.

Other Current Liabilities: 1,160 (Increase)

An increase in other current liabilities represents the use of cash. It may include obligations such as accrued expenses or other short-term obligations that have increased.

Trade payable & Provisions: -1,151,549 (Decrease)

A decrease in trade payables and provisions indicates that the company paid off some of its liabilities during the period, leading to an outflow of cash.

4. Net Cash Generated from Operating Activities: -36,373

The net result of the operating activities shows a negative cash flow, indicating that the company used more cash in its operating activities than it generated.

Net Cash Flow:

Net Cash Flow: -36,373

This represents the net cash inflow or outflow from all operating, investing, and financing activities. In this case, it is a negative value, indicating a net outflow of cash during the period.

Opening and Closing Balances of Cash & Cash Equivalents:

Opening balance of Cash & Cash Equivalents: 78,439

Closing balance of Cash & Cash Equivalents: 42,066

Net Cash & Cash Equivalents for the year: -36,373

The opening balance is the amount of cash and cash equivalents at the beginning of the period, the closing balance is the amount at the end of the period, and the net cash & cash equivalents for the year is the change in cash during the period.