Ocl Iron & Steel Ltd Annual Report and Financials

OCL Iron And Steel Limited Balance Sheet (Rs In Lakhs)

 OCL Iron And Steel Limited Profit & Loss Statement (Rs In Lakhs)

OCL Iron And Steel Limited Consolidated Cash Flow Statement (Rs In Lakhs)

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

A. CASH FLOW FROM OPERATING ACTIVITIES:

1. Profit/(Loss) Before Tax:

In 2019, the company reported a loss before tax of Rs -25,631.60, representing an improvement compared to the loss of Rs -32,410.14 in 2018. This reduction in loss before tax suggests potential improvements in operational efficiency or cost management.

2. Adjustments:

Depreciation: The company incurred depreciation expenses of Rs 9,153.39 in 2019, a slight increase from Rs 9,071.57 in 2018, indicating ongoing capital investments in fixed assets.

Financial Expense: Financial expenses increased from Rs 15,711.03 in 2018 to Rs 21,479.31 in 2019. This increase may be attributed to higher borrowing costs or increased financial obligations.

Interest Income: The company received interest income of -Rs 16.26 in 2019 and -Rs 87.62 in 2018, indicating a decrease in interest income. This reduction could be due to changes in the company 's investment portfolio or lower interest rates on financial assets.

(Profit)/Loss on Disposal of Assets: In 2019, there was a loss of -Rs 54.2 on the disposal of Property, Plant & Equipment, while in 2018, there was a loss of -Rs 236.34. Additionally, there was no profit or loss recorded on the disposal of investments in 2019, whereas in 2018, there was a loss of -Rs 4.41. These adjustments reflect the company 's activities in managing its asset portfolio.

Exceptional Items: In 2019, the company incurred exceptional items amounting to -Rs 4,797.42, suggesting extraordinary or one-time expenses. No exceptional items were recorded in 2018.

3. Operating Profit Before Working Capital Changes:

The operating profit before working capital changes improved from -Rs 7,955.91 in 2018 to Rs 133.21 in 2019. This positive change indicates potential improvements in the company 's core operational performance.

4. Adjustment for Working Capital Changes:

Inventories: The company experienced a decrease in inventories, resulting in a positive adjustment of Rs 4,809.84 in 2019, compared to a decrease of -Rs 646.86 in 2018.

Trade Receivables and Other Current Assets: Trade receivables and other current assets increased by Rs 733.57 and decreased by -Rs 1,696.28, respectively, in 2019. These changes in working capital components contributed to the overall cash flow from operating activities.

Current Liabilities, Non-Current Liabilities, and Provisions: The company had an increase in current liabilities, non-current liabilities, and provisions, resulting in a negative adjustment of Rs 11,458.76 in 2019, compared to an increase of Rs 7,145.44 in 2018.

5. Net Cash Flow From Working Capital Changes:

The net cash flow from working capital changes was positive at Rs 5,677.20 in 2019, reflecting improved management of working capital components, compared to a positive cash flow of Rs 9,338.26 in 2018.

6. Cash Flow From Operating Activities:

The overall cash flow from operating activities was Rs 5,810.41 in 2019, indicating a positive net cash flow generated from the company 's core operations. This is a significant improvement from the cash flow of Rs 1,382.35 in 2018.

7. Income Tax (Paid) / Refund (incl TDS):

Income tax paid or refunded, including TDS, amounted to -Rs 16.21 in 2019 and -Rs 22.76 in 2018.

8. Net Cash Flow From Operating Activities:

The net cash flow from operating activities, after considering income tax payments, was Rs 5,794.20 in 2019, compared to Rs 1,359.59 in 2018. This positive trend suggests better cash generation and management.

B. CASH FLOW FROM INVESTING ACTIVITIES:

1. Payment for Purchase of Property, Plant & Equipment:

The company made payments for the purchase of property, plant & equipment amounting to -Rs 373.72 in 2019, compared to -Rs 40.42 in 2018.

2. Proceeds from Disposal of Property, Plant & Equipment:

Proceeds from the disposal of property, plant & equipment amounted to Rs 62 in 2019 and Rs 279.59 in 2018.

3. Adjustment to Capital Work in Progress, Non-Current Assets:

There was an adjustment to capital work in progress and non-current assets, resulting in a negative adjustment of -Rs 393 in 2019, compared to -Rs 192.88 in 2018.

4. Interest Income Received:

The company received interest income of Rs 43.45 in 2019 and Rs 90.52 in 2018.

5. Net Cash Flow From Investing Activities:

The net cash flow from investing activities was -Rs 661.28 in 2019, compared to Rs 136.81 in 2018. This negative cash flow suggests capital expenditures and adjustments in investments during the period.

C. CASH FLOW FROM FINANCING ACTIVITIES:

The company repaid long-term borrowings amounting to -Rs 2,185.97 in 2019, compared to -Rs 1,307.30 in 2018.

2. Finance Expenses Paid:

Finance expenses paid were -Rs 1,431.30 in 2019 and -Rs 1,412.29 in 2018.

3. Net Cash Flow From Financing Activities:

The net cash flow from financing activities was -Rs 3,617.28 in 2019, compared to -Rs 2,719.59 in 2018. This negative cash flow from financing activities indicates a net outflow of cash related to the company 's financing decisions.

Net Increase/(Decrease) In Cash or Cash Equivalents:

The net increase/(decrease) in cash or cash equivalents was Rs 1,515.64 in 2019, representing an improvement from -Rs 1,223.19 in 2018.

Cash and Cash Equivalents:

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

In 2019, the company began with cash and cash equivalents amounting to Rs 329.24, compared to Rs 1,552.43 in 2018.

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

The year ended with cash and cash equivalents of Rs 1,844.88 million in 2019, indicating a positive change from Rs 329.24 million in 2018.