Lakshmi Energy and Foods Ltd Annual Report and Financials

Lakshmi Energy and Foods Limited Balance Sheet (Rs In Million)

Lakshmi Energy and Foods Limited Profit & Loss Statement (Rs In Million)

Lakshmi Energy and Foods Limited Consolidated Cash Flow Statement (Rs In Million)

Certainly, here is a summary of the Cash Flow Statement for the years 2019 and 2018:

CASH FLOW FROM OPERATING ACTIVITIES:

1. Net Profit before Tax:

In 2019, the company reported a net loss of Rs -2,933.83 million, a substantial decline from the net profit of Rs 889.4 million in 2018. This negative trend in net profit indicates financial challenges or operational issues.

2. Adjustments:

Depreciation and Amortization: The depreciation and amortization expenses increased slightly from Rs 138.53 million in 2018 to Rs 98.35 million in 2019, possibly reflecting changes in the asset base.

Adjustment to Investment carried at fair value: The adjustment to investments carried at fair value through the Profit and Loss account was negligible, indicating stability in the valuation approach.

Interest Paid and Received: Interest paid decreased from Rs 249.86 million in 2018 to Rs 8.26 million in 2019, while interest received also decreased slightly from -Rs 0.08 million in 2018 to -Rs 0.11 million in 2019.

Provisions: Provisions for gratuity, leave encashment, and bonus were recorded, reflecting the company 's commitment to employee benefits. These provisions increased slightly in 2019 compared to 2018.

Adjustment related to Extraordinary Items and Reserves: The adjustment related to extraordinary items was zero in 2019, in contrast to the significant adjustment of -Rs 924.53 million in 2018. Reserves saw a substantial negative adjustment of -Rs 5,717.91 million in 2019, indicating potential restructuring or impairment issues.

3. Operating Profit before Working Capital Changes:

The operating profit before working capital changes declined sharply from Rs 356.16 million in 2018 to -Rs 8,544.63 million in 2019. This substantial decrease suggests operational challenges or significant changes in the business environment.

4. Adjustments for Changes in Working Capital:

Decrease/(Increase) in Trade & Other Receivables: There was an increase of Rs 308.79 million in trade and other receivables in 2019, compared to an increase of Rs 395.26 million in 2018.

Decrease/(Increase) in Inventories: Inventories increased by Rs 2,835.04 million in 2019, in contrast to a decrease of -Rs 938.22 million in 2018.

(Decrease)/Increase in Sundry Creditors/Current Liabilities: Sundry creditors and current liabilities decreased by -Rs 870.94 million in 2019, while there was a decrease of -Rs 557.39 million in 2018.

5. Cash Generation from Operations:

The cash generation from operations was -Rs 6,271.75 million in 2019, indicating a substantial decrease from -Rs 744.19 million in 2018. This negative cash flow from operations suggests potential liquidity challenges or increased investment activities.

6. NET CASH FLOW FROM OPERATING ACTIVITIES:

The net cash flow from operating activities was -Rs 6,271.75 million in 2019, compared to -Rs 744.19 million in 2018, reflecting a significant decrease in cash generated from core business operations.

CASH FLOWS FROM INVESTING ACTIVITIES:

1. Purchase of Fixed Assets:

The company invested -Rs 27.75 million in fixed assets in 2019, a slight increase from -Rs 15.63 million in 2018.

2. Revaluation/Sale of Fixed Assets:

In 2019, the company reported a significant revaluation or sale of fixed assets amounting to Rs 5,717.91 million, compared to -Rs 0.58 million in 2018.

3. Other Investing Activities:

Other investing activities, including changes in non-current investments and financial assets, resulted in a net cash inflow of Rs 5,815.21 million in 2019, contrasting with an inflow of Rs 627.65 million in 2018. This positive change suggests strategic investments or divestments during the period.

CASH FLOW FROM FINANCING ACTIVITIES:

1. Proceeds from Shares Issued and Other Financing Activities:

The company received proceeds from the issuance of shares and other financing activities, resulting in a net cash inflow of Rs 445.36 million in 2019, compared to Rs 119.36 million in 2018.

NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS:

The net increase/(decrease) in cash and cash equivalents was -Rs 11.17 million in 2019, a decrease from Rs 2.81 million in 2018.

CASH AND CASH EQUIVALENTS:

1. Cash and Cash Equivalents at the Beginning of the Year:

In 2019, the company started with cash and cash equivalents amounting to Rs 18.67 million, compared to Rs 15.86 million in 2018.

2. Cash and Cash Equivalents at the End of the Year:

The year ended with cash and cash equivalents of Rs 7.5 million in 2019, a decrease from Rs 18.67 million in 2018.