Goldedge Estate Latest Annual Report, Balance Sheet and Financials

Goldedge Estate And Investments Limited Balance Sheet (Rs in Lakhs)

Goldedge Estate And Investments Limited Profit & Loss Statement (Rs in Lakhs)

 Goldedge Estate And Investments Limited Consolidated Cash Flow Statement (Rs in Lakhs)

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

Cash Flow from Operating Activities:

Net Profit Before Taxation and Extraordinary Items:

The net profit before taxation and extraordinary items has increased slightly from Rs. 10.98 Lakhs in 2023 to Rs. 12.2 Lakhs in 2024. This increase in profit before tax indicates that the company’s core operations have been marginally more profitable in 2024 compared to the previous year.

Adjustment for Share of Profits of Associate:

The share of profits of an associate reflects the portion of profit or loss the company recognizes from its equity interest in an associate company. A negative value here indicates that the company has accounted for its share of losses from the associate. The share of profits of the associate was slightly higher in 2024 (Rs. -1.38 Lakhs) compared to 2023 (Rs. -1.15 Lakhs), showing a modest increase in the losses or negative contributions from the associate.

Operating Profit Before Working Capital Changes:

After adjusting for the share of profits of the associate, the operating profit before working capital changes stood at Rs. 10.82 Lakhs for 2024, which is a slight increase from Rs. 9.83 Lakhs in 2023. This indicates that the company’s core operations have been relatively stable or slightly improved over the year.

Working Capital Adjustments:

Decrease/(Increase) in Other Assets:

The decrease in other assets shows a negative change in the company's working capital, meaning the company spent cash to either reduce or write off certain assets. In 2024, the increase in the outflow from other assets (Rs. -14.44 Lakhs) was slightly higher compared to 2023 (Rs. -12.58 Lakhs), which indicates that the company may have invested more in its assets or experienced a greater reduction in asset values.

Decrease/(Increase) in Other Liabilities:

Similarly, the decrease in other liabilities indicates that the company used cash to reduce or settle certain liabilities. The increase in outflow from other liabilities in 2024 (Rs. -1.81 Lakhs) compared to 2023 (Rs. -0.71 Lakhs) reflects a higher cash outflow towards these liabilities.

Cash Generated from Operations:

The cash generated from operations has been negative for both years, which indicates that the company’s core business operations were not generating enough cash to cover working capital needs and other adjustments. The negative cash flow from operations worsened in 2024 (Rs. -5.44 Lakhs) compared to 2023 (Rs. -3.45 Lakhs), suggesting that the company’s operational efficiency declined in 2024, as it required more cash outflows to manage working capital and other adjustments.

Income Tax Paid:

The income tax paid shows a modest increase in tax payments in 2024 (Rs. 2.76 Lakhs) compared to 2023 (Rs. 2.59 Lakhs), which reflects either an increase in taxable income or adjustments in the company’s tax liabilities.

Cash Flow from Operating Activities:

The net cash flow from operating activities was negative in both years, indicating that the company’s operations did not generate sufficient cash to cover its costs and working capital needs. The negative cash flow worsened in 2024 (Rs. -8.2 Lakhs) compared to 2023 (Rs. -6.04 Lakhs). This suggests that the company’s operational cash flow situation has deteriorated in 2024, making it more reliant on external sources of funding to meet its obligations.

Cash & Cash Equivalents:

Cash & Cash Equivalents at Beginning of Year:

At the start of 2024, the company had Rs. 14.63 Lakhs in cash and cash equivalents, which is lower than the Rs. 20.67 Lakhs it had at the beginning of 2023. This suggests a decrease in cash reserves at the beginning of the year, which is a concerning sign, especially when considering the negative cash flows from operating activities.

Cash & Cash Equivalents at End of Period:

By the end of the year, the company’s cash and cash equivalents had decreased further to Rs. 6.44 Lakhs, reflecting a decline of Rs. 8.19 Lakhs from the previous year. This decline in cash reserves is largely due to the negative cash flow from operations, highlighting that the company is using up its cash reserves to fund its operations, which could be unsustainable in the long term.

Financial Ratios of Goldedge Estate And Investments Limited

Here is a summary of the financial and operational metrics for Goldedge Estate And Investments Limited for the year 2024 and 2023:

Capital to Risk-Weighted Assets Ratio (CRAR):

The Capital to Risk-Weighted Assets Ratio (CRAR) is a measure of a financial institution's capital adequacy, showing the proportion of a bank's capital in relation to its risk-weighted assets. A higher CRAR indicates a greater ability to absorb potential losses. In this case, the CRAR increased slightly from 0.51 in 2023 to 0.52 in 2024, suggesting that the bank's capital adequacy improved marginally.

Tier I CRAR:

The Tier I Capital to Risk-Weighted Assets Ratio (Tier I CRAR) specifically measures the core capital of a bank (common equity and disclosed reserves) relative to its risk-weighted assets. A higher Tier I ratio indicates that the bank has a strong core capital base, which is crucial for absorbing losses. The Tier I CRAR remains at 0.52 in 2024, which is unchanged from 2023. This is consistent with the overall CRAR ratio, and like the overall CRAR, the Tier I ratio is quite low and suggests that the bank may not have a strong capital cushion to absorb risks from its operations or investments. Liquidity Coverage Ratio (LCR):

The Liquidity Coverage Ratio (LCR) measures the ability of a bank to meet its short-term liquidity needs, ensuring it has enough high-quality liquid assets (HQLA) to cover its total net cash outflows over a 30-day stress period. The LCR is an important indicator of a bank's short-term financial health and stability. An LCR of 13.15 in 2024, up from 11.83 in 2023, indicates a slight improvement in the bank's liquidity position. While the LCR is well above the regulatory minimum of 100% (in most jurisdictions), the values here are unusually high, suggesting that the bank may be holding excess liquidity.