Goodluck Green Energy Annual Reports, Balance Sheet and Financials

Goodluck Green Energy Limited Standalone Balance Sheet (Rs in Thousands)

Particulars	31-03-2024
Shareholder 's Fund
Share Capital	100.00
Reserves and Surplus	-12.20
Current Liabilities
Other Current Liabilities	12.20
Total Equity and Liabilities	100.00
Current Assets
Cash and Cash Equivalents	100.00
Total Assets	100.00

 Goodluck Green Energy Limited Standalone Profit & Loss Statement (Rs in Thousands)

Particulars	31-03-2024
Income	-
Expenses
Other Expenses	12.20
Total Expenses	12.20
Profit Before Tax	-12.20
Profit/(Loss) for Period	-12.20
Earnings per Share
Basic	-0.81
Diluted	-0.81

 Goodluck Green Energy Limited Standalone Cash Flow Statement (Rs in Thousands)

Particulars	31-03-2024
Cash Flow from Operating Activities
Profit before Tax & extraordinary items	-12.20
Operating Profit before Working capital changes	-12.20
Adjustments for:
Trade and Other Payables	12.20
Net Cash From Operating Activates	-12.20
Cash Flow from Financing Activities
Proceeds from issue of Equity Shares	100.00
Net Cash From Financing Activities	100.00
Net Increase/(Decrese) in Cash & Cash Equivalents	100.00
Net Increase/(Decrese) in Cash & Cash Equivalents (Opening year)	-
Cash  & Cash equivalents at the end of the Year	100.00

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

Cash Flow from Operating Activities:

Profit before Tax & Extraordinary Items is reported at Rs. -12.20 thousand, indicating that the company incurred a loss before considering any taxes or unusual one-off items.

The Operating Profit before Working Capital Changes is the same at Rs. -12.20 thousand, showing that no depreciation or non-cash adjustments were made at this point.

However, there 's an adjustment for Trade and Other Payables, amounting to Rs. 12.20 thousand.

Despite this adjustment, the Net Cash from Operating Activities still stands at Rs. -12.20 thousand, suggesting that the business operations as a whole consumed cash, rather than generating it.

Cash Flow from Financing Activities:

The company raised Rs. 100.00 thousand by issuing equity shares, which is a financing inflow.

As there are no other financing activities (like debt repayment or interest expenses), the Net Cash from Financing Activities is simply Rs. 100.00 thousand.

Net Change in Cash & Closing Balance:

The Net Increase in Cash & Cash Equivalents is Rs. 100.00 thousand, arising entirely from financing activities.

Since there was no opening cash balance (i.e., the company had Rs. 0 at the beginning of the year), the entire inflow is reflected in the closing cash & cash equivalents, which also amounts to Rs. 100.00 thousand.

 Financial Ratios of Goodluck Green Energy

Particulars	2024
Current Ratio	8.2
Return on Equity Ratio	-27.79%
Return on Capital Employed	-0.28

 Here is a summary of the financial and operational metrics for Goodluck Green Energy Limited for the year 2024 & 2023:

 Current Ratio

The current ratio measures a company 's ability to meet its short-term liabilities using its short-term assets. It is calculated as:

A ratio of 8.2 is exceptionally high, indicating that the company has Rs. 8.20 in current assets for every Rs. 1 of current liabilities.

Return on Equity (ROE)

The Return on Equity (ROE) ratio assesses the profitability relative to shareholders ' equity. It shows how effectively the company is using equity investment to generate profits:

A negative ROE of -27.79% indicates the company incurred a loss during the year, and it actually eroded the shareholders ' equity instead of increasing it.

Return on Capital Employed (ROCE)

The Return on Capital Employed (ROCE) measures how well the company is generating profit from the total capital it has employed (including both equity and debt):

A ROCE of -0.28 (or -28%) signifies that for every rupee of capital invested in the business, the company is incurring a loss of 28 paise.