P K Leasing And Finance Ltd Annual Report and Financials

P K Leasing And Finance Limited Balance Sheet (Rs In Thousands)

 P K Leasing And Finance Limited Profit & Loss Statement (Rs In Thousand)

 P K Leasing And Finance Limited Consolidated Cash Flow Statement (Rs In Thousand)

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

A. Cash Flow from Operating Activities:

1. Profit before Taxation:

In 2023, the profit before taxation was Rs 44.52 million, a slight decrease from the previous year 's Rs 45.4 million. This represents the company 's earnings before accounting for tax expenses.

2. Adjustments:

Depreciation:

Depreciation for 2023 amounted to Rs 67.62 million, showing a decrease from the previous year 's Rs 89.18 million. Depreciation reflects the allocation of the cost of assets over their useful life.

Provision against Standard Asset:

A provision of Rs 1.17 million was made against standard assets in 2023, compared to Rs 0.25 million in 2022. This provision is set aside to cover potential losses on standard assets.

(Profit)/Loss on sales of Investment/Interest on IT:

In 2023, there was a (profit)/loss of Rs -21.47 million related to the sales of investments or interest on IT. This figure was not reported for the year 2022.

3. Operating Profit before Working Capital Changes:

The operating profit before considering working capital changes was Rs 91.84 million in 2023, a decrease from Rs 134.82 million in 2022. This metric indicates the company 's profitability from its core operations.

4. Adjustments for Working Capital Changes:

Increase/(Decrease) in Trade Payable:

Trade payable increased by Rs 15.8 million in 2023, whereas no information was provided for 2022. This suggests a change in the company 's obligations to its suppliers.

(Increase)/Decrease in Advances:

There was a significant increase in advances in 2023, amounting to Rs -469.45 million, compared to a decrease of Rs -98.18 million in 2022. This reflects changes in the company 's financial advances.

5. Cash Generated from Operations:

The net cash generated from operations in 2023 was Rs -361.81 million. This indicates that the company 's operating activities resulted in a net outflow of cash during the year.

6. Income Tax Paid:

Income tax paid in 2023 amounted to Rs 144.32 million, a substantial increase from the negative Rs -241.69 million reported in 2022. This suggests a change from receiving tax benefits in 2022 to paying taxes in 2023.

7. Net Cash Flow from Operating Activities:

The net cash flow from operating activities in 2023 was Rs -217.49 million, representing the overall impact of the company 's operating activities on its cash position. This was a decrease from the negative Rs -205.05 million in 2022.

8. Net Decrease in Cash and Cash Equivalents:

The net decrease in cash and cash equivalents for both years was Rs -217.49 million, indicating a reduction in the company 's liquid assets.

9. Cash and Cash Equivalents - Opening and Closing Balance:

The opening balance of cash and cash equivalents in 2023 was Rs 606.35 million, which decreased to Rs 388.87 million by the end of the year. In 2022, the opening balance was Rs 811.4 million.

PK Leasing and Finance Key Financial Ratios

Summary of given Key Financial Ratios

• Debt-Equity Ratio: In this case, the debt-equity ratio for all three years is 0. This suggests that the company has not utilized any debt financing and relies solely on equity financing to fund its operations and investments.
• Current Ratio: In March 2022, the current ratio is 49.3, indicating a substantial increase from the previous year when it was 492. However, in March 2020, the current ratio was 163.33, indicating a significant decrease compared to both the current and previous year. This suggests that there may have been fluctuations in the company 's liquidity and ability to meet short-term obligations during this period.
• Turnover Ratios: The fixed assets turnover ratio remained constant at 1.14 for all three years. This indicates that the company generates approximately the same level of sales per unit of fixed assets consistently. The total asset turnover ratio, on the other hand, was 0.07 for all three years. This suggests that the company generates relatively low sales compared to its total assets. It indicates that the company may have underutilized its assets in generating revenue during this period.
• Profitability Ratios: The PBIDTM, PBDTM, and CPM ratios were all consistent across the three years. The ratios were 4.17% or 8.33% for all three years, indicating a stable level of profitability and efficiency in generating profits.

These ratios suggest that the company maintained a consistent level of profitability during this period, with a moderate profit margin.

PK Leasing and Finance Share Dividend History

PK Leasing and Finance Limited Recent Financial Performance

• Net Revenue from Operations increased by 1.47% from Rs. 2,416.98 Thousand in FY 2021 to Rs. 2,407.74 Thousand in FY 2022.
• Total borrowings of the company were nil as of 31st March 2022.
• Profit after Tax decreased by 31.11% from Rs. 29.41 Thousand in FY 2021 to Rs. 22.43 Thousand in FY 2022.
• For FY 2022, the company’s EPS was Rs. 0.01.
• The current Ratio of the company as of 31st March 2022 is 49.3.
• The book value of the company as of 31st March 2022 is Rs. 11.63.