Kannur International Annual Reports, Balance Sheet and Financials

Kannur International Airport Limited Balance Sheet (Rs in Lakhs)

Kannur International Airport Limited Profit & Loss Statement (Rs in Lakhs)

Kannur International Airport Limited Consolidated Cash Flow Statement (Rs in Lakhs)

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

Loss Before Tax

31/03/2024: -17,364.16

31/03/2023: -14,481.23

Explanation: The loss before tax represents the company 's net loss before accounting for income tax. In 2024, this loss increased compared to 2023, indicating a deterioration in the company 's financial performance or higher expenses.

Adjustments

Adjustments are made to the loss before tax to account for non-cash transactions or other items that need to be added or subtracted to calculate cash flow from operating activities.

Depreciation of Property, Plant, and Equipment:

2024: 6,933.75

2023: 6,911.59

Explanation: Depreciation is a non-cash expense that reflects the wear and tear on physical assets. The slight increase in 2024 indicates a similar level of capital expenditure or asset usage compared to 2023.

Amortisation of Intangible Assets:

2024: 16.75

2023: 9.49

Explanation: Amortisation is the gradual write-off of intangible assets like patents or software. The increase in 2024 suggests higher intangible asset amortisation, possibly due to new acquisitions or increased investments in intangible assets.

Share of Joint Venture:

2024: -0.15

2023: Not Applicable

Explanation: This represents the share of profits or losses from a joint venture. A small loss in 2024 indicates a minor negative impact from the joint venture.

Unwinding of Discount on Security Deposits:

2024: 99.27

2023: 81.58

Explanation: This is a non-cash adjustment for the interest on security deposits that is recognized over time. The increase reflects higher interest income recognized in 2024.

Finance Cost:

2024: 10,739.31

2023: 10,041.38

Explanation: Finance costs include interest on borrowings. The increase suggests higher borrowing costs or additional borrowings in 2024.

Interest Income:

2024: -58.62

2023: -28.28

Explanation: Interest income is earned from investments. The larger negative value in 2024 indicates lower interest income compared to 2023.

Loss on Sale of Property, Plant, and Equipment:

2024: 3.21

2023: Not Applicable

Explanation: This loss reflects a minor loss incurred from selling assets. It 's a non-cash charge that reduces cash flow.

Fair Value Adjustments:

2024: -99.15

2023: -82.34

Explanation: Fair value adjustments reflect changes in the value of assets or liabilities that are not yet realized. The increase in 2024 indicates more significant valuation adjustments.

Allowance for Credit Impaired Trade Receivables:

2024: 195.11

2023: -764.6

Explanation: This adjustment accounts for the estimated uncollectible receivables. The positive figure in 2024 suggests a reversal of the previous year 's significant allowance.

Credit Impaired Trade Receivables Written Off:

2024: 0

2023: 1.05

Explanation: This represents actual write-offs of bad debt. The zero figure in 2024 suggests no bad debts were written off during the year.

Reversal of Provision for Expenses:

2024: 0

2023: 0

Explanation: No reversal of provisions for expenses was recorded in either year.

Reversal of Provision for Impairment on Debtors:

2024: -47.72

2023: -51.71

Explanation: This reflects the reversal of previous provisions for impaired debts. A small decrease in 2024 indicates a minor reduction in provisions compared to 2023.

Remission / Reversal of Liability:

2024: 0

2023: 32.17

Explanation: This adjustment represents the reduction or reversal of previously recognized liabilities. The absence of this item in 2024 suggests no such adjustments were made.

Operating Profit / (Loss) Before Working Capital Changes

2024: 417.6

2023: 1,669.10

Explanation: This figure shows the operating profit or loss before adjustments for changes in working capital. The significant decrease in 2024 indicates a lower operational performance compared to 2023.

Working Capital Adjustments

These adjustments account for changes in current assets and liabilities that affect cash flow.

Increase / (Decrease) in Trade Receivables:

2024: 161.6

2023: 890.97

Explanation: An increase in trade receivables represents a use of cash. The significant decrease in 2024 indicates improved cash collection or lower sales on credit.

Increase / (Decrease) in Trade Payables:

2024: 2,510.72

2023: 1,526.01

Explanation: An increase in trade payables represents a source of cash as the company delays payments. The larger increase in 2024 suggests extended credit terms or higher purchases on credit.

Increase / (Decrease) in Other Financial Assets:

2024: 529.02

2023: -74.8

Explanation: An increase in other financial assets uses cash. The 2024 increase indicates higher investments in financial assets.

Increase / (Decrease) in Other Financial Liabilities:

2024: -1,727.40

2023: 2,319.15

Explanation: A decrease in other financial liabilities represents a use of cash. The shift from an increase in 2023 to a decrease in 2024 indicates a significant change in financial obligations.

Increase / (Decrease) in Other Current Assets:

2024: -15.04

2023: 950.11

Explanation: An increase in other current assets uses cash. The negative figure in 2024 suggests a reduction in other current assets or improved asset management.

Financial Ratios of Kannur International Airport Limited

Here is a summary of the financial and operational metrics for Kannur International Airport Limited for the years 2024 and 2023:

Current Ratio

2023-24: 0.23

2022-23: 0.77

Insight: The current ratio measures the company 's ability to cover its short-term liabilities with its short-term assets. A decrease from 0.77 to 0.23 indicates a significant decline in liquidity. This drop suggests that the company may be facing liquidity issues and could struggle to meet its short-term obligations. This situation warrants attention to improve working capital management or seek additional short-term financing.

Debt-Equity Ratio

2023-24: 1.96

2022-23: 1.44

Insight: The debt-equity ratio indicates the proportion of debt used relative to equity. An increase from 1.44 to 1.96 signifies higher financial leverage and greater reliance on debt. This could indicate increased borrowing, potentially heightening financial risk. It’s crucial to manage this leverage carefully to avoid excessive financial strain and potential solvency issues.

Return on Equity (ROE)

2023-24: -0.06

2022-23: -0.04

Insight: ROE measures the profitability relative to shareholders ' equity. A decrease from -0.04 to -0.06 reflects a worsening return, indicating a larger loss relative to equity. The negative ROE suggests the company is not generating sufficient profit to provide a return on shareholders ' investments, pointing to ongoing operational inefficiencies or financial challenges.

Trade Receivable Turnover Ratio

2023-24: 1.44

2022-23: 1.48

Insight: This ratio measures how efficiently the company collects its receivables. A slight decrease from 1.48 to 1.44 indicates a marginal decline in the efficiency of collecting receivables. While the change is minor, it may suggest a slight increase in the time taken to collect outstanding invoices, which could impact cash flow.

Trade Payables Turnover Ratio

2023-24: 0.36

2022-23: 0.58

Insight: This ratio assesses how quickly the company pays its trade creditors. A decrease from 0.58 to 0.36 suggests a slower payment cycle. This could imply that the company is delaying payments to conserve cash, which might strain relationships with suppliers or reflect liquidity issues.

Net Capital Turnover

2023-24: -0.44

2022-23: -2.71

Insight: Net capital turnover measures how effectively the company uses its capital to generate sales. A significant improvement from -2.71 to -0.44 indicates that, despite still being negative, the company 's capital utilization has improved. The negative figure suggests ongoing challenges in generating revenue relative to capital employed but shows some progress compared to the previous year.

Net Profit/(Loss) Margin

2023-24: -1.7

2022-23: -1.12

Insight: This ratio indicates the percentage of revenue that remains as a net loss. An increase from -1.12 to -1.7 shows a deterioration in profitability, meaning the company is losing more on each unit of revenue. This worsening margin highlights ongoing issues with cost control or pricing strategies.

Return on Capital Employed (ROCE)

2023-24: -0.03

2022-23: -0.02

Insight: ROCE measures the efficiency of capital employed in generating profits. A decline from -0.02 to -0.03 indicates that the company 's efficiency in using its capital to generate profit has worsened. The negative ROCE reflects challenges in achieving profitable returns on the capital invested.

Dividend History

 Kannur International Airport Limited Recent Financial Performance

Dividend per Share: The specific dividend per share figure for 2024 and 2023 is not provided. Dividend per share represents the portion of a company 's earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.

Retained Earnings: Retained earnings for 2024 amounted to Rs -74272.83 Lakhs, while in 2023, they were Rs. -57421.23Lakhs. Retained earnings represent the portion of a company 's profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.

To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company 's financial health and performance