Bhishma Realty Annual Reports, Balance Sheet and Financials

Bhishma Realty Limited Balance Sheet (In Rs Lakhs)

Particulars	2022	2021
ASSETS
Non-Current Assets
a) Property, Plant and Equipment	3,614.57	65.50
b) Capital work in progress	1,625.55	1,708.77
c) Investment property
d) Goodwill	9,892.50	1,765.03
e) Right of use assets	3,814.73	2,835.19
f) Financial assets	1,097.85	3,529.06
i) Investments
g) Other non-current assets
Total Non-Current Assets	20,045.20	9,903.55
Current Assets
a) Inventories	95,506.49	82,058.89
b) Financial Assets
(i) Investments	6,455.27	12,556.60
(ii) Trade receivables	709.26	680.75
(iii) Cash and cash equivalents	400.3	164.04
(iv) Bank balances other than (iii) above	1,230.42	65.42
(v) Loans	1,500.00	1,777.65
(vi) Others Financial Assets	342.44	262.23
c) Current Tax Asset (net)	426.97	350.22
d) Other Current Assets	3,930.93	2,817.82
Total Current Assets	1,10,502.08	1,00,733.62
Total Assets	1,30,547.28	1,10,637.17
EQUITY AND LIABILTIES
Equity
a) Equity Share Capital	0.99	0.99
b) Other Equity	8,178.09	64,689.76
Total Equity	8,179.08	65,226.85
Non-Current Liabilities
(a) Financial Liabilities		17,038.21
(i) Borrowings	55,837.25	128.49
(ii) Lease Liabilities
(iii) Other Financial Liabilities	-
(b) Provisions	93.51
(c) Deferred Tax Liabilities (Net)	14.41
(d) Other non-current liabilities	59,933.52
Total Non-Current Liabilities	1,15,878.69	17,166.70
Current Liabilities
(a) Financial Liabilities		-
(i) Trade payables	4,543.11	74.67
(ii) Other Financial Liabilities	1,927.77	1451.23
(iii) Lease Liabilities
(b) Provisions	3.21
(c) Other current liabilities	15.42	70.45
Total Current Liabilities	6,489.51	1,596.34
Total Equity and Liabilities	1,30,547.28	83,989.89

 

Bhishma Realty Limited Profit & Loss Statement (In Rs Lakhs)

Particulars	2022	2021
Other income	864.64	1675.34
Total Income	864.64	1675.34
Expenses
(a) Construction expenses	19531.12	7898.13
(b) Changes in inventories	-24935.02	-13447.60
(c) Employee benefits expense	262.63	205.01
(d) Finance costs	5019.95	5292.61
(e) Depreciation and amortization expense	188.05	103.96
(f) Other expenses	143.66	136.81
Total expenses	210.37	188.92
Profit before tax	654.27	1486.42
Tax Expense:
Current tax	110.00	330.00
Deferred tax	-66.76	-128.98
Total tax expense	43.24	201.02
Share of profit in Associate Company	9783.19	185.57
Profit for the year	10394.22	1470.97
Other comprehensive income
(a) (i) Items that will not be reclassified to profit or loss
Re-measurement of defined benefit plan	4.05	5.54
(ii) Income tax relating to items that will not be reclassified to profit or loss	-1.02	-1.40
Total other comprehensive income	3.03	4.14
Total comprehensive income for the year	10397.25	1475.11
Earning per Equity share	10397.25	1475.11
Basic and Diluted	105076.83	14870.40

 

Bhishma Realty Limited Consolidated Cash Flow Statement (In Rs Lakhs)

Particulars	2022	2021
Cash flows from operating activities
Profit before tax	10437.46	865.14
Adjustments for:
Finance costs	5019.95	5292.61
Depreciation and amortisation expenses	188.05	103.96
Interest income	-128.69	-263.44
Profit on sale of PPE	-3.57	-
Re-measurement of defined benefit liabilities	3.03	4.14
Gain / (Loss) on fair valuation of investment	-196.89	-381.23
Gain on sale of investments	-326.89	-912.57
Dividend Income	-102.42	-64.99
Interest component on deposit	-14.27	-
Income received from Amount invested in Funds	-2.75	-11.30
Share of profit from associate	-9783.19	185.58
Lease rent	-77.22	-
Investment Related Expenses	10.58	2.36
Operating profit / loss before working capital changes	5023.18	5453.07
Movements in working capital:
Adjustments for (increase)/decrease in operating assets:
Trade receivables	30.67	-28.51
Inventories	-24935.01	-13447.60
Other non-current assets	-2609.53	2431.21
Other current assets	3564.33	-1113.11
Other current financial assets	-0.10	3.59
Loans	-	277.65
Adjustments for increase/(decrease) in operating liabilities:
Trade payables	-3437.58	1001.90
Borrowings	1109.88	10178.32
Other non-current liabilities	34840.06	6180.71
Other Non-current financial liabilities	56.31	-36.00
Other current financial liabilities	345.82	-45.68
Other current liabilities	1.63	-53.38
Provisions	14.58	12.32
Cash utilised from operations	14004.22	10814.50
Direct taxes paid (net)	-514.84	-204.34
Net Cash Generated /Used from operating activities	13489.38	10239.00
Cash flows from investing activities
Purchase of property, plant and equipment	-288.90	-3569.81
Sale of property, plant and equipment	6.00
Purchase of non-current investments	-12190.19	-21635.90
Proceeds from sale of investments	9557.48	19552.86
Income Received from amount invested in funds	2.75	11.30
Interest income	254.58	152.65
Investment Related expenses	-10.58	-2.36
Dividend Income	102.42	64.99
Net cash (used /generated from) investing activities	2,566.45	-5,426.26
Cash flow from financing activities
Interest paid	-6,456.27	-3,782.61
Dividend paid	198.99	-0.04
Net cash (used in) financing activities	-6,655.27	-3,782.65
Net increase in cash and cash equivalents	4,267.67	1,401.26
Cash and cash equivalents as at beginning of the year	1630.72	229.46
Cash and cash equivalents at the end of the financial year	5,898.40	1,630.72

 

Here is a summary of the Cash Flow Statement for the years 2022 and 2021:

Cash Flows from Operating Activities:

1. Profit before Tax:

Significant increase in 2022 suggests improved operational performance, possibly due to increased revenue, cost management, or both.

 

2. Adjustments for Finance Costs:

The decrease in finance costs in 2022 may indicate better management of interest expenses.

 

3. Depreciation and Amortization Expenses:

The increase in 2022 implies higher capital asset consumption, which could be attributed to increased investment in fixed assets.

 

4. Interest Income:

Negative values indicate that interest expenses exceeded interest income. It 's essential to monitor and optimize interest-bearing assets and liabilities.

 

 

5. Profit on Sale of PPE (Property, Plant, and Equipment):

A negative value in 2022 implies a loss on the sale of property, plant, and equipment.

 

 

6. Re-measurement of Defined Benefit Liabilities:

A minor decrease in 2022 suggests a slight improvement in managing obligations related to employee benefits.

 

 

7. Gain/Loss on Fair Valuation of Investments:

A decrease in losses in 2022 indicates better performance in the fair valuation of investments.

 

8. Gain on Sale of Investments:

The decrease in losses suggests improved investment strategy in 2022.

 

9. Dividend Income:

An increase in negative dividend income implies a higher payout or loss on investments.

 

10. Share of Profit from Associate:

 A significant negative value in 2022 suggests a substantial loss or reduced profitability from an associated company.

 

11. Lease Rent:

 Indicates lease expenses incurred during the year.

 

12. Investment Related Expenses:

 The increase in expenses in 2022 suggests higher costs associated with managing investments.

 

13. Operating Profit/Loss Before Working Capital Changes:

 Slight decrease indicates some challenges in operating profit generation.

 

Movements in Working Capital:

1. Trade Receivables:

An increase in 2022 suggests a higher amount tied up in accounts receivable, potentially impacting cash flow.

 

2. Inventories:

A significant decrease in 2022 indicates better inventory management or a reduction in production levels.

 

3. Other Non-Current Assets:

The decrease suggests a reduction in non-current assets, which may have been strategically liquidated.

 

4. Other Current Assets:

The increase suggests more resources invested in current assets, potentially to support increased operations.

 

5. Other Current Financial Assets:

A decrease indicates a reduction in financial assets classified as current.

 

6. Loans:

No loans in 2022, indicating a change in the company 's financing structure.

 

7. Trade Payables:

A decrease in payables suggests better management of trade credit.

 

8. Borrowings:

A significant decrease suggests a reduction in debt, possibly through repayments or refinancing.

 

9. Other Non-Current Liabilities:

A substantial increase indicates higher long-term obligations.

 

10. Other Non-Current Financial Liabilities:

 An increase in non-current financial liabilities.

 

11. Other Current Financial Liabilities:

 An increase suggests higher short-term financial obligations.

 

12. Other Current Liabilities:

 An increase in current liabilities, possibly due to increased short-term obligations.

 

13. Provisions:

 An increase in provisions indicates higher amounts set aside for future liabilities.

 

Cash Flows from Investing Activities:

1. Purchase of Property, Plant, and Equipment:

A decrease in 2022 suggests reduced capital expenditure on property and equipment.

 

2. Sale of Property, Plant, and Equipment:

Indicates proceeds from the sale of assets.

 

3. Purchase of Non-Current Investments:

A significant decrease implies reduced investment in non-current assets.

 

4. Proceeds from Sale of Investments:

Indicates cash generated from selling investments.

 

5. Income Received from Amount Invested in Funds:

A decrease in 2022 suggests lower returns from invested funds.

 

6. Interest Income:

An increase indicates higher returns from interest-bearing assets.

 

7. Investment Related Expenses:

An increase in expenses associated with managing investments.

 

8. Dividend Income:

An increase in dividend income suggests higher returns from investments.

 

Cash Flow from Financing Activities:

1. Interest Paid:

An increase in interest paid suggests higher financing costs.

 

2. Dividend Paid:

A significant increase suggests higher returns to shareholders.

 

Net Increase in Cash and Cash Equivalents:

Indicates the overall positive change in cash during the period.

 

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

The final cash position at the end of the year, significantly increased in 2022.

 

Financial Ratios (NA)

Dividend History (NA)