Logic Infotech Ltd Annual Report and Financials

Logic Infotech Limited Balance Sheet (Rs In Lakhs)

 Logic Infotech Limited Profit & Loss Statement (Rs In Lakhs)

 Logic Infotech Limited Consolidated Cash Flow Statement (Rs In Lakhs)

 Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flow from Operating Activities (in Rs):

1. Net Profit/(Loss) before tax:

In 2023, the company experienced a substantial net loss of Rs -15.76 crore, indicating financial challenges.

In 2022, the loss was Rs -4.27 crore, showing an improvement compared to the following year.

2. Adjustments:

Depreciation:

Depreciation remained stable at Rs 0.19 crore in both years, representing a consistent non-cash expense related to asset depreciation.

Loss on Sale of Investments:

In 2023, there was a significant loss of Rs 13.4 crore on the sale of investments, impacting overall profitability.

In 2022, there was no loss on the sale of investments.

3. Operating Profit before Working Capital Changes:

The operating profit, excluding working capital changes, was Rs -2.18 crore in 2023, indicating operational challenges.

In 2022, this figure was slightly better at Rs -4.08 crore, but still negative.

4. Working Capital Changes:

Change in Inventory:

The change in inventory had a substantial negative impact on cash flow in 2023 (Rs -19.81 crore), suggesting a significant reduction in stock levels.

In 2022, there was a positive impact of Rs 3.14 crore from changes in inventory, indicating more favorable inventory management.

Change in Current Liabilities:

A minor negative impact of Rs -0.16 crore in 2023 and a positive impact of Rs 0.16 crore in 2022 were observed due to changes in current liabilities.

5. Cash Generated from Operations:

The net result of these adjustments and changes was a negative cash flow from operations of Rs -22.15 crore in 2023 and Rs -0.79 crore in 2022.

Cash Flow from Investing Activities (in Rs):

1. Sale of Investments:

In 2023, the company generated significant cash inflow of Rs 60 crore from the sale of investments.

There was no such activity in 2022.

2. Loss on Sale of Investments:

In 2023, a loss of Rs -13.4 crore was incurred on the sale of investments, offsetting some of the gains from the sales.

3. Net Cash used in Investing Activities (in Rs):

The net result of investing activities was a positive cash flow of Rs 46.6 crore in 2023 and Rs 0 in 2022.

Net Increase in Cash & Cash Equivalents (in Rs):

1. Net Increase:

The net increase in cash and cash equivalents was Rs 24.45 crore in 2023, indicating a positive overall cash flow for the year.

In 2022, there was a decrease of Rs -0.79 crore, suggesting a slight cash outflow.

2. Opening and Closing Balances (in Rs):

The opening balance of cash and cash equivalents in 2023 was Rs 3.29 crore, increasing to Rs 27.74 crore by the end of the year.

In 2022, the opening balance was Rs 4.07 crore, decreasing to Rs 3.29 crore by the end of the year.