Avro Commercial Annual Reports, Balance Sheet and Financials

Particulars

2017

2016

EQUITY AND LIABILITIES

Shareholders’ funds

Share capital

3,12,00,000

3,12,00,000

Reserves and Surplus

14,48,93,503

14,66,59,264

Non-current liabilities

Long-term provisions

2,19,53,979

-

Current liabilities

Short-term borrowings

4,00,00,000

4,01,61,670

Other current liabilities

1,04,981

75,565

Short term provisions

9,61,815

1,34,445

TOTAL

23,91,14,278

21,82,30,944

ASSETS

Non-current assets

Fixed assets

- Tangible assets

18,33,990

26,11,306

Non Current Investments

8,85,86,274

4,01,14,118

Deferred tax assets (net)

11,55,489

2,73,117

Long-term loans and Advances

67,05,462

81,65,287

Current assets

Current investments

-

10,02,90,914

Cash and Bank balances

1,06,00,243

1,00,57,489

Short-term loans and Advances

13,02,04,217

5,66,89,573

Other current assets

28,603

29,140

TOTAL

23,91,14,278

21,82,30,944

Particulars

2017

2016

Revenue

Revenue from operations

1,45,89,545

91,96,710

Other income

1,87,01,117

56,95,676

Total Revenue

3,32,90,662

1,48,92,386

Expenses:

Employee benefit expenses

18,69,395

19,28,873

Finance cost

62,37,935

3,75,831

Depreciation expense

8,90,005

8,05,400

Provision for dimunition in value of investments

2,19,53,979

-

Other expenses

11,41,331

13,47,911

Total Expenses

3,20,92,645

44,58,015

Profit before tax & provision

11,98,017

1,04,34,371

Provision for standard assets

1,84,177

-1,19,913

Profit before tax

10,13,840

1,05,54,284

Tax expense:

(1) Current tax

3,36,320

21,27,449

(2) Deferred tax

-8,82,372

8,81,670

(3) Short/ (Excess) Provision for tax relating to prior years

10,22,644

-2,50,416

(4) MAT credit utilisation for earlier year

12,00,192

-

(5) MAT credit utilised u/s 115JAA

11,02,817

2,15,445

Profit/(Loss) for the year

-17,65,761

75,80,136

Earnings per equity share:

Basic and diluted

-0.57

2.43

Particulars

2017

2016

A. Cash flows from operating activities

Profit before taxation and after exceptional items

10,13,840

1,05,54,284

Adjustments for :

Depreciation/amortization

8,90,005

8,05,400

Fixed assets written off

-

11,328

Contingent provision against Standard assets

1,84,177

-1,19,913

Provision for diminution in the value of investments

2,19,53,979

-

Profit on redemption of mutual funds

-10,04,605

-19,03,694

Profit on sale of shares

-1,62,05,297

-

Profit on sale of debentures

-14,89,831

-37,91,476

Operating profit before working capital changes

53,42,268

55,55,929

Adjustments for :

(Increase) / Decrease in loans and advances

-7,41,57,837

4,79,34,337

(Increase) / Decrease in other current assets

537

4,12,875

Increase / (Decrease) in trade, other payables & provisions

6,72,609

-4,44,066

Cash generated from Operations

-6,81,42,423

5,34,59,075

Direct taxes paid

15,58,955

26,19,674

Net cash from operating activities

-6,97,01,378

5,08,39,401

B. Cash flows from investing activities

Purchase / sale of fixed assets

-1,12,689

-16,60,124

Purchase / sale of investments

5,18,18,758

-9,44,19,914

Profit on sale of mutual fund units

10,04,605

19,03,694

Profit on sale of shares

1,62,05,297

-

Profit on sale of debentures

14,89,831

37,91,476

Net cash (used) in investing activities

7,04,05,802

-9,03,84,868

C. Cash flows from financing activities

Repayment of borrowings

-

4,00,00,000

Repayment of overdraft facility availed from a bank

-1,61,670

-4,16,215

Net cash from/(used) in financing activities

-1,61,670

3,95,83,785

Net decrease in cash and cash equivalents

5,42,754

38,318

Cash and cash equivalents at the beginning of the year

1,00,57,489

1,00,19,250

Add: Temporary overdrawn bank balance

-

-79

Cash and cash equivalents at the end of the year

1,06,00,243

1,00,57,489