DS Kulkarni Developers Ltd Annual Report and Financials

DS Kulkarni Developers Limited Balance Sheet (Rs In Lakhs)

 DS Kulkarni Developers Limited Profit & Loss Statement (Rs In Lakhs)

 DS Kulkarni Developers Limited Consolidated Cash Flow Statement (Rs In Lakhs)

 Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flows from Operating Activities:

In 2023, the company reported a profit before tax of -4,867.38 INR, indicating a loss. This was primarily due to various expenses and adjustments. After accounting for depreciation and amortization expenses of 42.55 INR, the operating profit before changes in operating assets and liabilities was -4,824.83 INR.

Adjustments for changes in operating assets and liabilities included an increase in trade payables of 131.88 INR and an increase in other current liabilities of 3.01 INR. There was also a significant increase in other non-current financial assets of 4,560.77 INR. These adjustments resulted in cash generated from operations of -171.36 INR and a net cash outflow of the same amount from operating activities in 2023.

In 2022, the company reported a profit before tax of -266.46 INR, also indicating a loss. After accounting for depreciation and amortization expenses of 60.18 INR and interest income of -4.59 INR, the operating profit before changes in operating assets and liabilities was -210.87 INR.

Adjustments for changes in operating assets and liabilities included an increase in trade payables of 215.09 INR, a decrease in other current financial liabilities of -418.12 INR, and a decrease in other current liabilities of -4.14 INR. There was also a decrease in other non-current assets of -37.2 INR. These adjustments resulted in cash generated from operations of -455.24 INR and a net cash outflow of the same amount from operating activities in 2022.

Cash Flows from Investing Activities:

In 2023, the company did not specify any investments or realizations in fixed deposits or margin money, and there was no interest received, resulting in a net cash flow of 0 INR in investing activities.

In 2022, the company reported a net investment of -302.6 INR in fixed deposits and margin money and received 4.59 INR in interest income, leading to a net cash outflow of -298.01 INR in investing activities.

Cash Flows from Financing Activities:

In 2023, the company received 183.89 INR from proceeds/repayments of long-term borrowings and 3.24 INR from short-term borrowings. This resulted in a net cash inflow of 187.13 INR from financing activities.

In 2022, the company received 723.63 INR from proceeds/repayments of long-term borrowings, while no information was provided for short-term borrowings. This resulted in a net cash inflow of 723.63 INR from financing activities.

Net (Decrease)/Increase in Cash and Cash Equivalents:

In 2023, the company experienced a net increase in cash and cash equivalents of 15.77 INR, ending the year with 61.66 INR compared to 45.89 INR at the beginning of the year.

In 2022, there was a net decrease in cash and cash equivalents of -29.62 INR, ending the year with 45.89 INR compared to 75.51 INR at the beginning of the year.

Reconciliation of Cash and Cash Equivalents:

Cash and cash equivalents consist of cash on hand (0.2 INR in both 2023 and 2022) and balance with banks in current accounts (61.46 INR in 2023 and 45.69 INR in 2022). This totals to cash and bank balances at the end of the year (61.66 INR in 2023 and 45.89 INR in 2022).