BGSE Properties and Securities Annual Reports, Balance Sheet and Financials

BgSE Properties and Securities Limited Balance Sheet (Rs in Thousands)

BgSE Properties and Securities Limited Profit & Loss Statement (Rs in Thousands)

 BgSE Properties and Securities Limited Cash Flow Statement (Rs in Thousands)

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

Operating Activities: The company experienced an increase in net profit before extraordinary items and tax, rising to Rs. 17,166.86 thousand from Rs. 16,033.62 thousand in the previous year. This growth in profitability is offset by adjustments including a decrease in depreciation and amortization to Rs. 1,333.74 thousand from Rs. 1,514.00 thousand and a higher interest income. Notably, the net (gain)/loss on the sale of investments showed a significant drop from Rs. -5,203.47 thousand to Rs. -115.42 thousand. The operating cash flow before working capital changes improved to Rs. 7,307.32 thousand from Rs. 3,659.89 thousand, reflecting better core operational efficiency. Working capital adjustments showed mixed results: increases in trade receivables and other current assets, and a decrease in trade payables, were partially offset by an increase in other current liabilities. Consequently, cash generated from operations rose to Rs. 6,340.93 thousand from Rs. 3,612.06 thousand. After accounting for net income tax paid, the net cash provided by operating activities increased to Rs. 5,153.17 thousand from Rs. 3,024.93 thousand, indicating stronger cash generation from core business operations.

Investing Activities: The investing activities showed a net cash inflow of Rs. 272.45 thousand, a significant improvement from a net inflow of Rs. 5,219.36 thousand in the previous year. This change is due to several factors: while there was a purchase of property, plant, and equipment amounting to Rs. 307.91 thousand and other investments totaling Rs. -9,439.45 thousand, there were positive cash flows from interest and dividend income totaling Rs. 11,077.85 thousand. Adjustments related to bank balances and fixed deposits had opposing effects, with a significant increase in bank balances not considered cash equivalents and a reduction in fixed deposits. Overall, the cash inflows from investments did not fully offset the outflows, resulting in a lower net cash inflow compared to the previous year.

Financing Activities: The financing activities reflected a cash outflow of Rs. 7,338.37 thousand, consistent with the previous year’s outflow. This outflow was solely due to dividends paid, indicating that there were no new financing activities or changes in borrowings. This consistency suggests stable dividend policies and no additional external financing during the period.

 Financial Ratios of BgSE Properties and Securities Limited

 Here is a summary of the financial and operational metrics for BgSE Properties and Securities Limited for the year 2024 and 2023:

Current Ratio: The current ratio has remained relatively stable at 0.63 in 2024 compared to 0.64 in 2023. This ratio measures the company 's ability to cover its short-term liabilities with its short-term assets. A current ratio below 1.0 indicates potential liquidity issues, suggesting that the company 's short-term assets are insufficient to meet its short-term obligations.

Return on Equity (ROE): The ROE remains unchanged at 0.04 or 4% for both 2024 and 2023. This ratio measures the return generated on shareholders ' equity. A stable ROE indicates that the company 's ability to generate profit from its equity remains constant, but at a relatively low level.

Trade Receivables Turnover: This ratio has decreased from 18.19 in 2023 to 13.88 in 2024. It measures how efficiently the company collects its receivables. A lower ratio indicates that receivables are being collected more slowly, which could affect cash flow and working capital.

Trade Payables Turnover: The trade payables turnover ratio has increased dramatically from 203.63 in 2023 to 529.22 in 2024. This ratio assesses how quickly the company pays off its suppliers. A higher ratio indicates that the company is paying its trade payables more rapidly.

Net Capital Turnover: The net capital turnover ratio has worsened from -3.17 in 2023 to -3.68 in 2024. This ratio measures how efficiently the company uses its net capital to generate sales. A negative ratio indicates that the company is not generating positive sales relative to its net capital, pointing to potential inefficiencies or high capital expenditures relative to sales.

Net Profit Ratio: The net profit ratio decreased slightly from 0.55 or 55% in 2023 to 0.49 or 49% in 2024. This ratio indicates the percentage of revenue that translates into net profit.

Return on Capital Employed (ROCE): The ROCE has remained constant at 0.05 or 5% in both 2024 and 2023. This ratio measures the company 's ability to generate profits from its capital employed.

Return on Investment (Quoted): The return on quoted investments has increased significantly from 0.38 or 38% in 2023 to 1.03 or 103% in 2024. This ratio measures the return generated from investments in quoted securities.

Return on Investment (Unquoted): The return on unquoted investments has decreased from 0.12 or 12% in 2023 to 0.05 or 5% in 2024. This ratio reflects the return on investments in unquoted securities.