Ellora Traders Latest Annual Report, Balance Sheet and Financials

Ellora Traders Limited Balance Sheet (Rs in Thousands)

Ellora Traders Limited Profit & Loss Statement (Rs in Thousands)

Ellora Traders Limited Cash Flow Statement (Rs in Thousands)

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

Cash Flow from Operating Activities

Operating activities refer to the cash generated or used by the core business operations, excluding financing and investing activities. For the year ending 31st March 2024, the company reported a net loss before tax of Rs. 766.06 thousand, which is slightly higher than the previous year 's net loss of Rs. 728.49 thousand.

Adjustments for non-cash items:

Loss on sale of fixed assets: There was no sale of fixed assets in 2024, but in 2023, a loss of Rs. 8.43 thousand was recorded.

Loss on sale of investments: A loss of Rs. 434.44 thousand was incurred in 2024 due to the sale of investments. In contrast, no such loss was reported in 2023.

Loan written off: In 2023, Rs. 50.30 thousand worth of loans were written off, which did not recur in 2024.

These non-cash adjustments were made to calculate the cash flows before working capital changes, which resulted in a smaller loss of Rs. -331.62 thousand in 2024, compared to Rs. -669.76 thousand in 2023. This suggests a marginal improvement in operating cash flow efficiency.

Working Capital Adjustments:

Increase/Decrease in Current Assets: There was a modest increase in current assets of Rs. 8.30 thousand in 2024, compared to a decrease of Rs. 2.65 thousand in 2023. The slight increase indicates that the company may have invested in more short-term assets, such as inventory or receivables.

Increase/Decrease in Current Liabilities: Current liabilities decreased by Rs. 16.80 thousand in 2024, which is an improvement over the larger decrease of Rs. 61.94 thousand in 2023. A reduction in current liabilities typically means that the company has paid off some of its short-term obligations.

As a result, the net cash flow from operating activities was Rs. -323.12 thousand in 2024, indicating that the company used cash in its core operations, but the outflow was lower compared to the Rs. -729.04 thousand used in 2023. This reduction in cash used suggests a slight improvement in operational efficiency.

Cash Flow from Investing Activities

Investing activities involve the acquisition and disposal of long-term assets such as property, plant, equipment, and investments.

Sale/Purchase of Fixed Assets: There were no major transactions involving fixed assets in 2024, while Rs. 1.00 thousand was spent on acquiring fixed assets in 2023.

Purchase of Investments: In 2024, the company purchased investments worth Rs. 965.00 thousand, a significant outflow. In contrast, no such purchase was made in 2023.

Sale of Investments: The company generated Rs. 35.56 thousand by selling investments in 2024. In 2023, a much larger amount of Rs. 1,500.00 thousand was generated from the sale of investments.

Overall, the net cash used in investing activities was Rs. 35.56 thousand in 2024, which was much less than the Rs. 536.00 thousand in 2023. This change is primarily due to the large purchase of investments in 2024, while 2023 saw a larger cash inflow from the sale of investments.

Cash Flow from Financing Activities

Financing activities relate to changes in the company’s debt and equity financing.

Increase/Decrease in Loans and Advances: The company repaid loans amounting to Rs. 118.49 thousand in 2024, compared to Rs. 337.97 thousand in 2023. This indicates that the company used cash to reduce its debt during both periods, although the repayment was less in 2024.

As a result, the net cash from financing activities was Rs. -118.49 thousand in 2024, which is slightly lower than the Rs. -337.97 thousand used in 2023, again pointing to reduced debt repayment in 2024.

Net Decrease in Cash and Cash Equivalents

In 2024, the company experienced a net decrease in cash and cash equivalents of Rs. 169.07 thousand, compared to an increase of Rs. 144.92 thousand in 2023. This negative change was due to the significant cash outflows from operating activities, investment purchases, and debt repayments.

Cash and Cash Equivalents: Opening and Closing Balance

The opening balance of cash and cash equivalents in 2024 was Rs. 329.10 thousand, and the closing balance stood at Rs. 160.03 thousand, reflecting the decrease in cash during the period.

In 2023, the company started with Rs. 184.17 thousand in cash, ending with Rs. 329.10 thousand.