Mrigaya Estate And Finance Ltd Annual Report and Financials

Mrigaya Estate And Finance Limited Balance Sheet (Rs)

Mrigaya Estate And Finance Limited Profit & Loss Statement (Rs)

Mrigaya Estate And Finance Limited Consolidated Cash Flow Statement (Rs)

Certainly, here is a summary of the Cash Flow Statement for the years 2020 and 2019:

Cash Flows from Operating Activities:

1. Net Profit before Income Tax:

In 2020, the net profit before income tax was Rs 402,238.96, a decrease from Rs 449,843.57 in 2019. This decline indicates a reduction in overall profitability before tax.

2. Finance Cost:

The finance cost significantly decreased from Rs 2,482.43 in 2019 to Rs 151.04 in 2020. This reduction in finance cost reflects improved cost management.

3. Operating Profit before Working Capital Changes:

The operating profit before working capital changes declined from Rs 452,326 in 2019 to Rs 402,390 in 2020, suggesting challenges in maintaining operating profitability.

4. Adjustments for Increase/(Decrease) in Operating Assets:

Trade Receivable decreased by Rs 67,500 in 2020, while Loans increased by Rs 591,000. Current Tax Assets (Net) increased by Rs 16,579 in 2020, reversing the negative trend of Rs -23,804 in 2019. Other Current Assets increased by Rs 37,500. The total adjustments for operating assets amounted to Rs 645,079 in 2020, a significant shift from -Rs 91,304 in 2019.

5. Adjustments for (Increase)/Decrease in Operating Liabilities:

Other Current Liabilities decreased by Rs 13,450 in 2020, a notable change from -Rs 39,449 in 2019. The total adjustments for operating liabilities amounted to -Rs 13,450 in 2020 and -Rs 39,449 in 2019.

6. Change in Net Working Capital:

The change in net working capital was -Rs 631,629 in 2020, indicating a substantial decrease from the positive change of Rs 130,753 in 2019.

7. Cash Generated from/(Used in) Operation:

The cash generated from operations was -Rs 229,239 in 2020, a significant decrease from Rs 583,079 in 2019. This negative cash flow reflects challenges in generating sufficient operational cash.

8. Taxes Paid/Payable Net:

Net taxes paid or payable amounted to -Rs 105,000 in 2020 and -Rs 118,000 in 2019.

9. Net Cash Flow /(Used in) Operating Activities:

The net cash flow from operating activities was -Rs 334,239 in 2020, representing a decrease from Rs 465,079 in 2019. This negative cash flow signals potential liquidity challenges or increased investment activities.

Cash Flows from Financing Activities:

1. Finance Cost:

The finance cost associated with financing activities decreased from -Rs 2,482.43 in 2019 to -Rs 151.04 in 2020.

2. Net Cash Flow/(Used in) from Financing Activities:

The net cash flow from financing activities was -Rs 151.04 in 2020 and -Rs 2,482.43 in 2019, indicating a reduction in financing costs.

Net Increase/(Decrease) in Cash and Cash Equivalents:

The net increase/(decrease) in cash and cash equivalents for 2020 was -Rs 334,390, a decrease from Rs 462,596.57 in 2019.

Cash and Cash Equivalents:

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

In 2020, cash and cash equivalents were Rs 9,691,051.96, compared to Rs 9,228,455.39 in 2019.

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

The year ended with cash and cash equivalents amounting to Rs 9,356,661.92 in 2020 and Rs 9,691,051.96 in 2019.