Online Information Technologies Limited Annual Report and Financials

Online Information Technologies Limited Balance Sheet (Rs In Lakhs)

 Online Information Technologies Limited Profit & Loss Statement (Rs In Lakhs)

 Online Information Technologies 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:

1. Net Profit/(Loss) before tax:

In 2023, there was a minimal net profit of Rs 0.05, a significant decrease from the previous year 's Rs 10.73.

2. Adjustments for Interest Income:

Interest income adjustments show a decrease of Rs 25.34 in 2023, compared to Rs 46.18 in 2022.

3. Operating Profit before Working Capital Changes:

The operating profit before working capital changes decreased to Rs -25.28 in 2023 from Rs -35.45 in 2022.

4. Adjustment for Changes in Working Capital:

Changes in inventories saw a substantial decrease of Rs -69.15 in 2023, compared to Rs -34.85 in 2022.

Other current liabilities showed no change in 2023, but a marginal decrease of Rs -0.03 in 2022.

Financial loans decreased by Rs 103.62 in 2023, contrasting with an increase of Rs 168.06 in 2022.

Other current assets witnessed a decrease of Rs -60 in 2023, compared to Rs -39.5 in 2022.

5. Cash Generated from Operations:

The net effect resulted in a decrease in cash generated from operations, falling from Rs 58.23 in 2022 to Rs -50.81 in 2023.

6. Adjustment for Income Tax Paid:

Income tax paid decreased from Rs -11.63 in 2022 to Rs -0.72 in 2023.

7. Net Cash from Operating Activities:

The net cash from operating activities shows a significant decrease, moving from Rs 46.6 in 2022 to Rs -51.53 in 2023.

Cash Flow from Investing Activities:

1. Adjustment for Non-Current Financial Assets:

There were no adjustments for non-current financial assets in 2023, in contrast to a decrease of Rs -95.5 in 2022

2. Interest Income:

Interest income increased from Rs 46.18 in 2022 to Rs 25.34 in 2023.

3. Net Cash used in Investing Activities:

The net cash used in investing activities increased from Rs -49.32 in 2022 to Rs 25.34 in 2023.

Overall Change in Cash & Cash Equivalents:

Net Increase in Cash & Cash Equivalents:

The overall change in cash and cash equivalents resulted in a decrease of Rs -26.19 in 2023, compared to a decrease of Rs -2.72 in 2022.

Closing and Opening Balances:

The closing balance of cash and cash equivalents decreased from Rs 39.65 in 2022 to Rs 13.46 in 2023, with an opening balance of Rs 42.37 in 2022 and Rs 39.65 in 2023.