Cox and Kings Financial Service Limited Annual Report and Financials

Particulars

2019

2018

ASSETS

Financial Assets

Cash and Cash equivalents

42,33,24,043

22,10,95,279

Trade receivables

4,59,06,23,601

2,59,86,94,726

Investments

5,16,605

-

Other financial assets

4,84,82,355

63,98,34,076

Total Financial Assets

5,06,29,46,604

3,45,96,24,081

2. Non- Financial Assets

Deferred tax assets

1,41,98,125

51,15,231

Property, plant and equipment

1,33,77,450

52,40,876

Capital work in progress

1,01,80,582

-

Other intangible asstes

72,43,731

83,96,116

e) Other non-financial assets

10,86,58,337

10,50,00,000

Total non-financial Assets

15,36,58,225

12,37,52,223

Total Assets

5,21,66,04,829

3,58,33,76,304

EQUITY AND LIABILTIES

1. Equity

a) Equity Share Capital

72,85,44,540

14,00,00,000

b) Other Equity

16,70,73,335

72,22,85,446

Total Equity

89,56,17,875

86,22,85,446

2. Liabilities

Financial liabilities

Payables

13,67,91,066

11,51,81,029

Borrowings

4,00,00,00,000

2,50,00,00,000

Other financial liabilities

5,74,25,275

1,46,93,663

Total Financial Liabilities

4,19,42,16,341

2,62,98,74,692

Non-Financial Liabilities

Current tax liabilities

10,29,77,258

7,76,36,378

Provisions

2,37,93,355

1,35,79,788

Total Non-Financial Liabilties

12,67,70,613

9,12,16,166

Total Equity and Liabilities

5,21,66,04,829

3,58,33,76,304

Particulars

2019

2018

Revenue From Operations

Other income

10.2

8.57

Total Income

3791.1

3235.24

Expenses

Employees benefit expense

1409.74

1351.8

Finance cost

31.16

34.61

Depriciation and amortization expense

110.9

105.33

Other expenses

899.13

949.83

Total expenses

3753.76

3198.54

Profit before tax

37.34

36.7

Income tax expense

(i) Current tax

5

5

(ii) Deferred tax

Total tax expense

5

5

Profit for the year

Other comprehensive income/ (loss) (OCI)

2.3

0.05

Items that will not be reclassified subsequently to profit or loss

2.3

0.05

(i) Remeasurements of post-employment benefit obligations

34.64

31.75

(ii) Tax relating to these items

34,826

Items that will be reclassified subsequently to profit or loss

(i) Total other comprehensive income, net of tax

-90,359

-2,19,000

Total comprehensive income for the period

3,33,42,430

13,58,43,763

Earning per Equity share

Basic

0.46

1.86

Diluted

0.46

1.86

Particulars

2019

2018

Cash flows from operating activities

Profit before taxation

3,33,32,430

13,58,43,763

Adjustments for:

Provision for taxes

1,62,65,429

7,99,18,547

Depreciation and amortisation expenses

37,30,799

43,32,340

Divindend and interest income classified as investing cash flows

-6,27,825

-12,76,448

Loss on disposal of fixed assets

1,07,866

-

Finance costs

44,33,52,606

26,28,72,862

Change in operating assets and liabilties

Trade receivables

-1,99,19,28,875

-2,59,86,94,726

Trade payables

2,16,10,037

11,51,56,029

Other financial assets

55,96,87,208

-10,79,15,082

Employee benefit obligations

1,02,13,567

1,35,79,788

Financial liabilities

3,75,70,793

1,46,93,664

Cash generated from operations

-86,66,85,965

-2,08,14,89,263

Income taxes paid

19,83,972

35,53,271

Net cash from operating activities

-86,86,69,937

-2,08,50,42,534

Cash flows from investing activities

Purchase of property, plant and equipment

-2,10,03,436

-19,79,69,332

Purchase of investments

-5,00,000

-

Investment in fixed deposit

-

-2,99,82,705

Proceeds from fixed deposits

2,99,82,705

-

Interest received

6,11,220

12,76,448

Net cash flow from investing activities

90,90,489

-4,66,75,589

Cash flow from financing activities

Proceeds from borrowings

1,50,00,00,000

2,49,79,22,142

Repayment of borrowings

-

-50,67,80,418

Increase in share capital

-

62,45,44,540

Interest paid

-43,81,91,788

-26,28,72,862

Net cash outflow from financing activities

1,06,18,08,212

2,35,28,13,402

Net decrease in cash and cash equivalents

20,22,28,764

22,10,95,279

Cash and cash equivalents at the beginning of the financial year

22,10,95,279

-

Cash and cash equivalents at the end of the financial year

42,33,24,043

22,10,95,279