ATN International Annual Reports, Balance Sheet and Financials

ATN International Ltd Balance Sheet (Rs in Lakhs)

 ATN International Ltd Profit & Loss Statement (Rs in Lakhs)

 ATN International Ltd Consolidated Cash Flow Statement (Rs in Lakhs)

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

Cash Flows from Operating Activities:

The company reported a loss before taxation of ₹28.11 lakhs for the year ending 31st March 2024, an improvement from the loss of ₹53.39 lakhs in the previous year (2023). After adding back non-cash items like depreciation and amortization of ₹0.13 lakhs (down from ₹0.23 lakhs in 2023), the company reported an operating loss before working capital changes of ₹27.98 lakhs.

Despite the negative operating results, significant positive movements in working capital helped improve cash flow from operations. Key working capital changes included a decrease in trade and other financial assets by ₹44.33 lakhs (compared to a decrease of ₹99.61 lakhs in the previous year), which contributed positively to cash flow. The company also saw an increase in trade and other non-financial liabilities by ₹398.55 lakhs, compared to ₹233.55 lakhs in 2023, which further boosted cash generated from operations.

In total, cash generated from operations amounted to ₹414.24 lakhs, slightly lower than ₹521.16 lakhs in the previous year. The ability to generate positive cash from operating activities despite operational losses is a positive sign for the company’s liquidity, largely driven by favorable working capital adjustments.

Cash Flows from Financing Activities:

In the financing activities, the company made payments towards long-term borrowings amounting to ₹415 lakhs in 2024, compared to ₹520 lakhs in 2023. This indicates that the company is actively reducing its debt burden. However, there were no new financing inflows, leading to a net cash outflow of ₹415 lakhs in this category, similar to the previous year. The consistent reduction in debt suggests the company’s focus on deleveraging, but it also indicates that no external financing was obtained to support operations or expansion.

Net Increase in Cash and Cash Equivalents:

The net change in cash and cash equivalents for the year was a small decrease of ₹0.76 lakhs, resulting in a closing balance of ₹10.37 lakhs as of 31st March 2024, down from ₹11.13 lakhs at the beginning of the year. This slight decrease in cash balances reflects the overall neutral cash position, where operating cash inflows nearly balanced the financing outflows.

Cash and Cash Equivalents:

The company’s cash and cash equivalents at the end of the period stood at ₹10.37 lakhs, consisting of ₹0.38 lakhs in cash on hand and ₹9.99 lakhs in bank balances. This is a slight decline from the previous year’s balance of ₹11.13 lakhs, where ₹10.87 lakhs were held in banks and ₹0.26 lakhs in cash.

Financial Ratios of ATN International Ltd

Here is a summary of the financial and operational metrics for ATN International Ltd for the year 2024 and 2023:

Debtors Turnover Ratio:

The debtors turnover ratio increased slightly from 3.95 in 2022-23 to 4.09 in 2023-24. This ratio measures how efficiently the company is collecting payments from its debtors by dividing net credit sales by average trade receivables. The increase in the ratio suggests that the company has improved its efficiency in converting receivables into cash.

Current Ratio:

The current ratio improved from 0.02 in 2022-23 to 0.03 in 2023-24, although it remains extremely low. The current ratio is a measure of liquidity, calculated by dividing current assets by current liabilities. A ratio of 0.03 indicates that the company has only 3 paisa in current assets for every ₹1 of current liabilities, implying a severe liquidity challenge.

Debt-Equity Ratio:

The debt-equity ratio improved marginally from -1.25 in 2022-23 to -1.18 in 2023-24, though it remains negative. This ratio typically measures the proportion of debt to equity, but a negative value here indicates that the company has negative equity, meaning its liabilities exceed its assets.

Operating Profit Margin:

The operating profit margin remains at an extremely high 100% for both 2023-24 and 2022-23. This ratio measures the proportion of revenue that remains after deducting operating expenses, calculated as operating profit divided by total revenue.

Net Profit Margin:

The net profit margin improved significantly from -546.19% in 2022-23 to -1.69% in 2023-24. This ratio measures the percentage of revenue that turns into net profit, calculated as net income divided by total revenue. While the margin is still negative in 2023-24, indicating a net loss, the dramatic improvement shows that the company has managed to reduce its losses significantly.

Return on Net Worth (RONW):

The return on net worth (RONW) increased significantly from 13.16% in 2022-23 to 41.06% in 2023-24. RONW measures how effectively a company is using its shareholders ' equity to generate profit, calculated by dividing net income by shareholder equity.