IVRCL Limited Annual Report and Financials

Particulars

2023

2022

I ASSETS

1. Non-Current Assets

(a) Property, Plant and Equipment

               2,082.93

               2,322.73

(b) Capital Work-in-progress

                    97.26

                    97.26

(c) Investment Properties

                  239.68

                  244.19

(d) Goodwill on Consolidation

                  848.49

               1,088.18

(e) Other Intangible Assets

             20,809.09

             23,317.99

(f) Other Intangible Assets under Development

               6,156.37

               6,157.73

(g) Financial Assets

(i) Investments

               4,753.33

               4,753.13

(ii) Trade Receivables

               2,094.26

               2,249.71

(iii) Other financial Assets

             13,590.75

             12,535.58

(h) Deferred Tax Asset (Net)

               9,740.11

               9,748.82

(i) Non - Current Tax Assets

                  571.36

                  552.50

(j) Other Non - Current Assets

               3,811.28

               3,798.12

Sub Total Non-Current Assets

            64,794.90

            66,865.94

2. Current Assets

(a) Inventories

               9,598.57

               9,641.09

(b) Financial Assets

(i) Investments

               1,144.82

                  739.36

(ii) Trade Receivables

               6,974.83

               7,490.41

(iii) Cash and cash equivalents

               2,489.87

               2,015.86

(iv) Bank balances (other than iii above)

                  779.58

               1,056.33

(v) Other Financial Assets

               1,236.92

               1,248.43

(c) Current Tax Assets

                  228.07

                  224.59

(d) Other Current Assets

               4,307.10

               4,281.38

Sub Total Current Assets

             26,759.77

             26,967.45

Total Assets

             91,554.67

             93,563.39

II EQUITY AND LIABILITIES

1. Equity

(a) Equity Share Capital

               1,565.80

               1,565.80

(b) Other Equity

         (1,39,197.33)

          1,13,113.07

Equity attributable to owners of the parent

         (1,37,631.53)

          1,11,547.27

Non-controlling interests

                  619.93

                  880.04

Sub Total Equity

       (1,37,011.61)

         1,10,667.24

Liabilities

2. Non-Current Liabilities

(a) Financial Liabilities

(i) Borrowings

                  856.65

               1,383.00

(ii) Other financial liabilities

                     3.12

                     3.33

(b) Provisions

                    43.22

                    17.64

(c) Deferred Tax Liability (Net) 

(d) Other Non-Current Liabilities

               1,344.74

               1,388.74

Sub Total Non-Current Liabilities

              2,247.73

              2,793.25

3. Current Liabilities

(a) Financial Liabilities

(i) Borrowings

          1,20,568.47

          1,11,274.36

(ii) Trade Payables

Total Outstanding Dues of Micro Enterprises, Small Enterprise

                     7.89

                     7.89

Total Outstanding Dues of Creditors other than Micro Enterprises and Small Enterprises

             15,054.17

             15,064.08

(iii) Others Financial Liabilities

             82,523.89

             65,824.25

(b) Other Current Liabilities

               5,682.92

               5,701.89

(c) Provisions

               2,433.11

               3,522.43

(d) Current Tax Liabilities (Net)

                    48.11

                    42.48

Sub Total Current Liabilities

         2,26,318.55

         2,01,437.37

Total Equity and Liabilities

         9,15,854.67

            93,563.39

Particulars

2023

2022

Income

(a) Revenue From Operations

740.43

2,865.18

(b) Other Income

140.98

115.80

Total Income

881.41

2,980.98

Expenses

(a) Cost of Construction Material Consumed

11.44

17.63

(b) Subcontracting Expenses

568.18

2,102.47

(c) Masonary Labour and Other Construction Expenses

124.31

543.87

(d) Employee Benefits Expense

299.56

331.73

(e) Finance Costs

22,302.50

19,038.47

(f) Depreciation and Amortisation Expense

131.92

180.38

(g) Other Expenses

463.63

277.41

Total Expenses

23,901.54

22,491.96

Loss Before Exceptional Items and Tax (I - II)

(23,020.13)

(19,510.98)

Loss Before Tax (III - IV)

(23,020.13)

(19,510.98)

Tax Expense

(a) Current Tax

(15.03)

(15.03)

Net Loss For The Year

(23,035.16)

(19,526.01)

Other Comprehensive Income/(Expense)

a) Items that will not be reclassified to Profit or Loss

i) Remeasurements of the defined benefit Plans

11.71

16.51

ii) Income Tax effect on above

(4.09)

(5.77)

Other Comprehensive Income/(Loss) for the Year

7.62

10.74

Total Comprehensive Income for the year (VII + VIII ) Earnings Per Share (face value ` 2 each)

(23,027.54)

(19,515.27)

Basic & Diluted 

(29.41)

(24.93)

Particulars

2023

2022

A.Cash flow from operating activities

(Loss)/Profit Before Tax

(23,020.13)

(19,510.98)

Adjustment for:

Depreciation and Amortisation Expense

131.92

180.38

Dividend received on Investments

0.05

Finance income on unwinding of financial assets

43.01

Provision for doubtful debts,advances,UBR, and deposits (net)

318.21

73.48

Share profit on Join Venture

0.05

5.55

 Net Unrealised Exchange (Gain) / Loss Interest Income

(20.69)

17.18

Finance Costs

22,302.50

19,038.47

Operating Profit / (Loss) before working capital changes

(245.12)

(230.23)

Changes in Working Capital :

(Increase)/decrease in Inventories

(6.98)

0.14

(Increase)/decrease in Trade Receivables

307.92

292.38

(Increase)/decrease in Other Non Current Assets

0.54

1.52

(Increase)/decrease in Other Current Assets

7.95

(20.37)

Increase/(decrease) in Trade Payable

(79.92)

700.13

Increase/(decrease) in Other Financial Liabilities

1,037.37

(445.30)

Increase/(decrease) in Other current liabilities and provision

(115.47)

(37.00)

Net Cash used in Operations

906.28

361.28

Net Income Tax Refund / (paid)

(11.04)

(57.00)

Net Cash (used in ) / generated from operating activities

895.24

204.28

B. Cash flow from investing activities

Capital Expenditure on Fixed Assets (including Capital Advances)

(0.59)

0.66

(Purchase) / Subscription of Long-Term Investments

(0.25)

(5.15)

Loans/Advance given to Subsidiaries/Associates/Joint Ventures (net)

21.34

(215.90)

Interest Received

4.42

17.18

Dividend Received on Long Tem Investments

(0.05)

Net cash used in investing activities

24.92

(203.26)

C. Cash flow from financing activities  

Repayment of Borrowings

(1,468.94)

Net cash generated from financing activities

(1,468.94)

Net increase / (decrease) in cash and cash equivalents (A+B+C)

(548.78)

1.02

Cash and cash equivalents at the beginning of the year

893.63

892.61

Cash and cash equivalents at the end of the year

344.85

893.63