Hillridge Investments Ltd Annual Reports, Balance Sheet and Financials

Hillridge Investments Limited Balance Sheet (Rs in Thousands)

 Hillridge Investments Limited Profit & Loss Statement (Rs in Thousands)

 Hillridge Investments Limited Consolidated 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:

Net Profit/(Loss) before Tax: The company made a net profit of Rs. 2.429 million in FY 2023-24, up from Rs. 0.65 million in FY 2022-23. This indicates better profitability during the year.

Adjustments for Provision for Income Tax: There was no provision for income tax during the year, as indicated by the zero amounts for both years.

Working Capital Changes:

Increase/Decrease in Inventories: There was a slight increase in inventories of Rs. 3.578 million in FY 2023-24, similar to the previous year's Rs. 3.58 million, reflecting consistent inventory management.

Increase/Decrease in Trade and Other Receivables: Trade receivables decreased by Rs. 2.004 million in FY 2023-24, compared to a minor increase of Rs. 0.11 million in FY 2022-23, suggesting the company collected more outstanding receivables.

Increase/Decrease in Trade Payables: There was a slight decrease of Rs. 0.024 million in trade payables, compared to an increase of Rs. 0.28 million in the previous year, indicating that the company paid off more of its payables.

Overall, the net cash flow from operating activities was Rs. 3.979 million in FY 2023-24, slightly lower than Rs. 4.51 million in the previous year, reflecting a small decline in operating cash generation.

Cash Flow from Financing Activities:

Proceeds from Long-Term Borrowings: The company repaid long-term borrowings amounting to Rs. 12.877 million in FY 2023-24, compared to raising Rs. 6.91 million in FY 2022-23. This indicates the company reduced its debt during the year.

Net Cash from Financing Activities: As a result of the repayment of loans, the net cash flow from financing activities was negative, amounting to Rs. -12.877 million in FY 2023-24.

Cash Flow from Investing Activities:

There is no explicit information provided regarding cash flows from investing activities, implying there were no significant changes in this area or the values are grouped under other categories.

Net Decrease in Cash and Cash Equivalents:

The company experienced a net decrease in cash and cash equivalents of Rs. 8.898 million in FY 2023-24, a significant reduction compared to the increase of Rs. 11.42 million in FY 2022-23. This reflects a net outflow of cash due to the financing activities (loan repayments) and possibly other operational adjustments.