Eon Electric Limited Annual Report | Balance Sheet

Eon Electric Limited (EON Electric) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Eon Electric Limited

EON Electric Limited Balance Sheet (In Rs)

Particulars	2019	2018
Assets
Non-current Assets
Property, plant and equipment	29,40,04,046	37,38,40,570
Capital Work-in-Progress	-	1,38,450
Investment in Joint Venture	96,92,030	96,92,030
Financial Assets Investments	6,34,84,839	11,01,04,433
Loans	15,37,116	22,60,000
Other Financial Assets	4,95,26,301	11,04,91,687
Other Non-Current Assets	1,42,24,113	1,74,57,574
Total Non-current Assets	43,24,68,445	62,39,84,744
Current Assets
Inventories	44,34,91,060	42,08,69,702
Financial Assets Investments	7,56,31,562	41,51,57,590
Trade Receivables	90,90,80,392	1,10,51,05,202
Cash and Cash equivalents	1,69,64,419	4,75,99,132
Other Bank Balances	3,52,21,795	3,87,73,410
Other Financial Assets	21,35,666	46,66,912
Current Tax Assets (Net)	73,37,950	63,84,491
Other Current Assets	6,89,95,645	6,71,77,065
Total Current assets	1,55,88,58,489	2,10,57,33,504
Total Assets	1,99,13,26,934	2,72,97,18,248
Equity and Liabilities
Equity
Equity Share Capital	8,45,12,330	8,45,12,330
Other Equity	92,51,40,101	1,16,30,15,694
Total Equity	1,00,96,52,431	1,24,75,28,024
Liabilities
Non-current Liabilities
Financial Liabilities Borrowings	3,52,29,333	62,46,953
Other Financial Liabilities	1,42,43,545	1,37,30,332
Provisions	1,71,27,391	1,92,85,039
Deferred Tax Liabilities (Net)	1,29,73,366	2,78,01,043
Other Non - Current Liabilities	1,63,12,047	2,37,69,602
Total Non-current liabilities	9,58,85,682	9,08,32,969
Current Liabilities
Financial Liabilities Borrowings	45,64,02,571	96,52,77,682
Trade Payables	15,38,630	20,38,500
a) Total outstanding dues of Micro Enterprises and Small Enterprises	15,38,630	20,38,500
b) Total outstanding dues of creditors others than Micro Enterprises	29,50,93,953	36,50,67,728
Small Enterprises Other Financial Liabilities	9,64,84,908	4,34,00,143
Other Current Liabilities	3,33,51,985	1,25,98,540
Provisions	29,16,774	29,74,662
Total Current Liabilities	88,57,88,821	1,39,13,57,255
Total Liabilities	98,16,74,503	1,48,21,90,224
Total Equity and Liabilities	1,99,13,26,934	2,72,97,18,248

EON Electric Limited Profit & Loss Statement (In Rs)

Particulars	2019	2018
INCOME
Revenue from Operations	77,32,21,038	1,58,68,48,519
Other Income	6,66,62,436	5,14,30,063
Total Income	83,98,83,474	1,63,82,78,582
EXPENSES
Cost of Materials Consumed	34,72,91,596	71,95,70,280
Excise Duty	-	77,37,402
Purchases of Stock-in-Trade	26,47,05,806	39,48,39,475
Changes in Inventories of Finished Goods,	-3,02,80,942	-13,15,85,424
Stock-in-Trade & Work-in- Progress
Employee Benefits Expense	16,77,49,877	22,46,58,130
Finance Costs	10,30,69,146	11,37,14,746
Depreciation and Amortization Expense	1,99,26,843	2,15,99,410
Other Expenses	22,12,48,239	27,89,42,527
Total Expenses	1,09,37,10,565	1,62,94,76,546
Profit/(Loss) before exceptional items and tax	-25,38,27,091	88,02,036
Profit/(Loss) before tax	-25,38,27,091	88,02,036
Tax Expense
Current Tax	-2,71,826	24,62,892
Deferred Tax	-1,36,27,939	19,76,373
Profit/(Loss) after tax	-23,99,27,326	43,62,771
Other Comprehensive Income :
A Items that will not be reclassified to Profit or Loss
i) Re-measurement benefit of Defined Benefit Plans	18,29,716	13,79,237
B Items that will be reclassified to Profit or Loss
i) Net fair value gain on Investments in Debt Instruments through OCI	-9,77,721	-6,07,249
ii) Income tax relating to items that will not be reclassified to Profit or Loss	-11,99,738	-1,25,093
Total Comprehensive Income for the year	-23,78,75,593	52,59,852
Earnings per Equity Share (Face Value of ` 5/- each)
- Basic	-14.19	0.27
- Diluted	-14.19	0.27

EON Electric Limited Consolidated Cash Flow Statement (In Rs)

Particulars	2019	2018
Profit before Tax	-25,38,27,091	88,02,036
Adjustments for :
Depreciation and Amortisation Expense	1,99,26,843	2,15,99,410
Impairment Allowance for Trade Receivables	54,01,711	-
Interest Income	-1,31,51,109	-1,82,74,192
Finance Cost	9,78,29,075	10,40,12,000
Actuarial Gains/( Loss) on measurement of Employee Benefits	18,29,716	13,79,237
Loss/(Profit) on Sale of Property, plant and Equipment(Net)	-3,34,94,119	-
Loss/(Profit) on Sale of Investments	16,25,798	-25,46,640
Fair Value Loss/(Gain) on Financial Assets	-1,40,67,111	-2,58,15,903
Impairment Allowance for Trade Receivables written back	-	-15,771
Operating Profit before Working Capital Changes	-18,79,26,287	8,91,40,177
Movements in Working Capital :
(Increase)/Decrease in Loans	7,22,884	-1,16,091
(Increase) / Decrease in Other Non Current Financial Assets	6,09,65,386	1,84,23,384
(Increase) / Decrease in Other Non Current Assets	32,33,461	-6,94,301
(Increase) / Decrease in Inventories	-2,26,21,358	-9,54,77,493
(Increase) / Decrease in Trade Receivables	19,06,23,099	-18,25,88,927
(Increase) / Decrease in Other Bank Balances	35,51,615	-1,17,27,676
(Increase) / Decrease in Other Current Assets	-18,18,580	-1,28,51,168
Increase /(Decrease) in Other Non Current Financial Liabilities	5,13,213	81,50,041
Increase /(Decrease) in Long Term Provisions	-21,57,648	28,88,629
Increase /(Decrease) in Other Non Current Liabilities	-74,57,555	65,38,678
Increase /(Decrease) in Trade Payables	-7,04,73,645	2,16,40,275
Increase /(Decrease) in Other Current Financial Liabilities	2,48,41,725	13,75,351
Increase /(Decrease) in Other Current Liabilities	2,07,53,445	-2,62,38,099
Increase /(Decrease) in Short Term Provisions	-57,888	4,78,456
Cash generated from / (used in) Operations	1,26,91,867	18,10,58,764
Direct Taxes Paid	6,81,630	22,45,314
NET CASH FLOW FROM / (USED IN) OPERATING ACTIVITIES	1,20,10,237	18,33,04,078
B. CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Property, plant and Equipment including Capital Work-in- progress	-2,50,77,750	-7955408
Proceeds from sale of Property, plant and Equipment	118620000	-
Purchase of Current Investments	-	-113196240
Purchase of Non - Current Investments	-280221	-1582611
Proceeds from sale of Current Investments	35,40,03,646	109245136
Proceeds from sale of Non - Current Investments	4,38,85,786	-
Interest Received	1,56,82,355	18277391
NET CASH FLOW FROM / (USED IN) INVESTING ACTIVITIES	50,68,33,816	4788268
C. CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from issuance of Share Capital Share Warrants	-	42144375
Proceeds from Long Term Borrowings	74962200	3749579
Repayment of Long Term Borrowings	-17736780	-
Proceeds from Short Term Borrowings	591159	214305969
Repayment of Short Term Borrowings	-509466270	-1767725
Interest Paid	-97289075	-104012000
NET CASH FLOW FROM / (USED IN) FINANCING ACTIVITIES	-549478766	154420198
Net Increase / (Decrease) in Cash and Cash Equivalents	-30634713	-24095612
Opening Balance of Cash and Cash Equivalents	47599132	71694744
Closing Balance of Cash and Cash Equivalents	16964419	47599132

Here is a summary of the Cash Flow Statement for the years 2019 and 2018:

1. Operating Activities:

- 2018: Net cash used in operating activities was -18,33,04,078. This indicates a significant outflow of cash from the company 's core operations during the year.

- 2019: In 2019, the company managed to generate net cash from operating activities amounting to 1,20,10,237. This signifies a positive change from the previous year, indicating improved operational efficiency or profitability.

2. Investing Activities:

- 2018: The company had a net cash inflow from investing activities of 4,78,8268 in 2018. This suggests that the company made some profitable investments during the year.

- 2019: In 2019, the net cash flow from investing activities increased significantly to 50,68,33,816. This indicates a substantial increase in investment activities, likely in property, plant, equipment, and financial investments.

3. Financing Activities:

- 2018: The net cash flow from financing activities was 15,44,20,198 in 2018, indicating a net inflow of cash from financing activities. This suggests that the company raised more funds through financing activities than it repaid.

- 2019: However, in 2019, the net cash flow from financing activities turned negative, indicating a net outflow of cash from financing activities, amounting to -5,49,47,766. This suggests that the company repaid more debt or distributed more dividends than it raised through financing activities.

4. Overall Cash Position:

- 2018: The company experienced a decrease in its overall cash position in 2018, with a net decrease of 24,09,56,12.

- 2019: Similarly, in 2019, the company experienced another decrease in its overall cash position, but at a lesser magnitude, with a net decrease of 3,06,34,713.

5. Opening and Closing Cash and Cash Equivalents:

- 2018: The opening balance of cash and cash equivalents in 2018 was 71,69,47,44, which decreased to 16,96,44,19 by the end of the year.

- 2019: In 2019, the opening balance of cash and cash equivalents was 47,59,91,32, which decreased further to 16,96,44,19 by the end of the year.

Eon Electric Limited Annual Reports, Balance Sheet & Financials

Eon Electric Limited (EON Electric) Return Comparision with Primex 40 Index

EON Electric Limited Balance Sheet (In Rs)

EON Electric Limited Profit & Loss Statement (In Rs)

EON Electric Limited Consolidated Cash Flow Statement (In Rs)

Financial Ratios (NA)

Dividend History (NA)

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