Morning Glory Leasing And Finance Ltd Annual Report and Financials

Morning Glory Leasing And Finance Limited Balance Sheet (Rs)

 Morning Glory Leasing And Finance Limited Profit & Loss Statement (Rs)

Morning Glory Leasing And Finance Limited Consolidated Cash Flow Statement (Rs)

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

Cash Flow from Operating Activities:

1. Net Profit before Tax & Extraordinary items:

In 2023, the net profit before tax and extraordinary items increased significantly to Rs. 2,74,169 from Rs. 1,52,048 in 2022.

2. Adjustments for Dividend Received on Investments and Interest Received:

Dividend received on investments saw a substantial increase from -Rs. 44,410 in 2022 to -Rs. 89,090 in 2023, indicating a higher dividend income. Interest received in 2023 was -Rs. 3,232.

3. Other Income and Operating Profit before Working Capital Changes:

Other income, which includes non-operational revenue, was -Rs. 60,000 in 2023. Operating profit before working capital changes increased to Rs. 1,21,847 in 2023 from Rs. 1,07,638 in 2022.

4. Adjustments for Working Capital Changes:

Adjustments for trade and other receivables, other non-current assets, and trade payables resulted in a net decrease in cash flow from operating activities. Notably, trade and other receivables decreased by -Rs. 48,422, other non-current assets increased by Rs. 28,514, and trade payables decreased by -Rs. 51,934.

5. Taxes Paid:

Taxes paid increased from -Rs. 39,532 in 2022 to -Rs. 71,284 in 2023, affecting the net cash flow from operating activities, which amounted to -Rs. 21,279 in 2023 compared to Rs. 1,32,620 in 2022

Cash Flow from Investing Activities:

1. Purchase of Investments:

The purchase of investments decreased slightly from -Rs. 99,338 in 2022 to -Rs. 98,417 in 2023.

2. Dividend on Investment Received, Interest Received, and Other Income:

Dividend on investment received increased from Rs. 44,410 in 2022 to Rs. 89,090 in 2023. Interest received was Rs. 3,232, and other income, which includes non-operating income, was Rs. 60,000.

3. Net Cash from Investing Activities:

The net cash flow from investing activities improved significantly, amounting to Rs. 53,905 in 2023, compared to -Rs. 54,928 in 2022.

Net Change in Cash and Cash Equivalents:

The net change in cash and cash equivalents for the year 2023 was Rs. 32,626, resulting in closing cash and cash equivalents of Rs. 1,63,850, compared to the opening balance of Rs. 1,31,224. This indicates a positive cash flow and increased liquidity over the year.

Bellow are the Financial Ratios

Here is a summary of the financial and operational metrics for Morning Glory Leasing And Finance Limited for the years 2023 and 2022:

1. Current Ratio:

In 2023, the current ratio was 2.47, a slight decrease from 2.57 in 2022. This ratio indicates the company 's ability to cover its short-term liabilities with its short-term assets.

2. Return on Equity Ratio:

The return on equity (ROE) ratio increased significantly from 0.07 in 2022 to 0.45 in 2023, indicating a higher profitability relative to shareholders ' equity.

3. Return on Equity Ratio after Comprehensive:

The return on equity after comprehensive adjustments surged to 111.12 in 2023 from 57.85 in 2022, suggesting a substantial improvement in the company 's ability to generate comprehensive returns for shareholders.

4. Trade Receivable Turnover Ratio:

The trade receivable turnover ratio increased from 1.97 in 2022 to 3.43 in 2023, indicating a more efficient management of trade receivables during the year.

5. Net Capital Turnover Ratio:

The net capital turnover ratio declined from 18.72 in 2022 to 9.77 in 2023. This may suggest a lower utilization of capital to generate revenue.

6. Net Profit Ratio:

The net profit ratio increased from 0.037 in 2022 to 0.21 in 2023, indicating an improved ability to convert revenue into net profit.

7. Return on Capital Employed (ROCE):

The return on capital employed increased from 0.01 in 2022 to 0.061 in 2023, reflecting a better return on the capital invested in the business.

8. Return on Investment (ROI):

The return on investment (ROI) was 0.002 in 2023, a slight improvement from 0 in 2022. While still low, any positive ROI suggests a return on the investment made in the company.