Nu Tek India LimitedAnnual Report and Financials

Nu Tek India Limited Balance Sheet (Rs In Lakhs)

 Nu Tek India Limited Profit & Loss Statement (Rs In Lakhs)

Nu Tek India Limited Consolidated Cash Flow Statement (Rs In Lakhs)

Certainly, here is a summary of the Cash Flow Statement for the years 2017 and 2016:

A. Cash Flow from Operating Activities:

2017:

1. Net Profit / (Loss) before extraordinary items and tax: -323

This is the net profit or loss generated by the company before accounting for extraordinary items and tax.

2. Adjustments for:

Depreciation and amortization: 355

Depreciation is a non-cash expense representing the decrease in the value of assets over time. It is added back to the net profit since it is a non-cash item.

Finance costs: 174

Finance costs represent interest expenses and other costs related to financing. They are added back to the net profit since they are non-cash items.

Unserviceable Project under Progress Written off: 208

This represents the write-off of an unserviceable project under progress. It is added back to the net profit as it is a one-time expense.

Liquidity Damages: 5

Liquidity damages are added back to the net profit as they represent non-operating expenses.

Provision for Doubtful Debts: 417

This represents an amount set aside for potential losses on doubtful debts. It is added back to the net profit as it is a non-cash provision.

Security Written off: -

If there 's any write-off of securities, it would be added back.

Non-Operating Income: -48

Non-operating income is subtracted as it is not generated from the core operations of the business.

Interest income: -18

Interest income is subtracted as it is not part of the core operating income.

3. Operating profit / (loss) before working capital changes: 768

This represents the profit or loss from the core operating activities of the business before considering changes in working capital.

4. Changes in working capital:

Adjustments for (increase) / decrease in operating assets:**

Trade receivables: 171 (Increase)

An increase in trade receivables represents cash not received for sales made on credit, and it is subtracted.

Loans and advances: -356 (Decrease)

A decrease in loans and advances represents an inflow of cash as it implies a reduction in funds tied up in advances.

Project under Progress: 963 (Increase)

An increase in the project under progress represents cash spent on ongoing projects and is subtracted.

Other assets: 3 (Increase)

An increase in other assets represents a use of cash.

Adjustments for increase / (decrease) in operating liabilities:**

Trade and other payables: -888 (Decrease)

A decrease in trade and other payables represents an outflow of cash as it implies payments made to suppliers.

Other current liabilities: -73 (Decrease)

A decrease in other current liabilities represents an outflow of cash.

5. Cash generated from operations: 588

The net result of the operating activities shows the cash generated or used in the company 's core operations.

6. Net income tax (paid) / refunds: -174

This represents the cash paid for income taxes and is subtracted.

7. Net cash flow from / (used in) operating activities (A): 762

This is the net cash inflow or outflow from the company 's core operating activities.

2016:

Similar breakdown as in 2017 with corresponding values for each item.

B. Cash Flow from Investing Activities:

2017:

1. Capital expenditure on fixed assets, including capital advances: -160

Capital expenditure represents the cash spent on acquiring or improving fixed assets and is subtracted.

2. Increase/Decrease in fixed assets: -80

This represents the change in the company 's fixed assets and is subtracted.

3. Increase/Decrease in investments: 677

This represents the change in the company 's investments and is added.

4. Interest received - Others: 18

This represents interest received from other sources and is added.

5. Net cash flow from / (used in) investing activities (B): 456

This is the net cash inflow or outflow from the company 's investing activities.

2016:

Similar breakdown as in 2017 with corresponding values for each item.

C. Cash Flow from Financing Activities:

2017:

1. Proceeds from long-term borrowings: 45

This represents the cash received from long-term borrowings and is added.

2. Net increase / (decrease) in working capital borrowings: -287

This represents the change in working capital borrowings and is subtracted.

3. Proceeds from other short-term borrowings: 0

This represents the cash received from other short-term borrowings and is added.

4. Finance cost: -174

This represents the cash paid for finance costs and is subtracted.

5. Net cash flow from / (used in) financing activities (C ): -416

This is the net cash inflow or outflow from the company 's financing activities.

2016:

Similar breakdown as in 2017 with corresponding values for each item.

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

2017:

Net increase / (decrease) in Cash and cash equivalents (A+B+C): 805

This is the net change in cash and cash equivalents resulting from operating, investing, and financing activities.

2016:

Net increase / (decrease) in Cash and cash equivalents (A+B+C): -2,951

This is the net change in cash and cash equivalents resulting from operating, investing, and financing activities.

Cash and Cash Equivalents:

2017:

Cash and cash equivalents at the beginning of the year: 490

Effect of exchange differences on the restatement of foreign currency Cash and cash equivalents: -1,121

Cash and cash equivalents at the end of the year: 173

2016:

Cash and cash equivalents at the beginning of the year: 1,163

Effect of exchange differences on the restatement of foreign currency Cash and cash equivalents: 2,277

Cash and cash equivalents at the end of the year: 490

Comprises:

(a) Cash on hand: 10

(b) Balances with banks:

(i) In current accounts: 48

(ii) In EEFC accounts:

(iii) In deposit accounts: 112

(iv)  Cheques in Hand: -

Total Cash and Cash Equivalents at the end of the year: 173