Placid Systems Latest Annual Report | Balance Sheet and Financials

Placid Limited (Placid) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Placid Limited

Placid Limited Balance Sheet (In Rs Lakhs)

Particulars	2022	2021
ASSETS
Financial Assets
a) Cash and cash equivalents	656.64	368.63
b) Bank balances other than (a) above	6.48	62.95
c) Loans	25,903.18	24,331.61
d) Investments	62,198.35	56,586.04
e) Other financial assets	43.34	496.96
Total Financial Assets	88,807.99	81,846.19
Non-financial Assets
a) Current tax assets (Net)	794.28	861.17
b) Investment Property	504.33	504.33
c) Property, plant and equipment	413.11	347
d) Other non-financial assets	433.23	431.21
Total Non- Financial Assets	2,144.94	2,143.70
Total Assets	90,952.93	83,989.89

EQUITY AND LIABILTIES
1. Equity
a) Equity Share Capital	537.09	537.09
b) Other Equity	68,399.33	64,689.76
Total Equity	68,936.42	65,226.85
2. Financial Liabilities
a) Borrowings (other than debt securities)	19,842.95	17,038.21
b) Other financial liabilities	158.96	128.49
Total Financial Liabilities	20001.91	17,166.70
3. Non- Financial Liabilities
a) Current tax liabilities (net)	229.46	-
b) Provisions	93.04	74.67
c) Deferred tax liabilities (net)	1,630.85	1451.23
d) Other non-financial liabilities	61.25	70.45
Total Non- Financial Liabilties	2,014.60	1,596.34
Total Equity and Liabilities	90,952.93	83,989.89

Placid Limited Profit & Loss Statement (In Rs Lakhs)

Particulars	2022	2021
Revenue From Operations
(a) Interest income	2436.52	2322.29
(b) Dividend income	329.59	107.05
(c) Net gain on fair value changes	3122.45	4252.29
(d) Net gain on sale of financial instrument under amortised cost category	-	1.41
Other income	17.67	104.81
Total Income	5906.23	6787.85
Expenses
(a) Finance costs	1768.80	1419.26
(b) Net loss on sale of de-recognition of financial instruments under amortised cost category	55.65	-
(c) Net loss on sale of financial instrument under amortised cost category	16.80	-
(d) Impairment on financial instruments	-41.88	71.78
(e) Employee benefits expenses	631.44	901.76
(f) Depreciation	104.10	91.57
(g) Other expenses	429.13	361.41
Total expenses	2964.03	2845.78
Profit before tax	2942.19	3942.07
Tax Expense:
(i) Current tax	630.00	-
(ii) Deferred tax	-328.16	281.63
(iii) Taxation for earlier years		23.11
Profit for the year	2640.36	3637.32
Other comprehensive income
(a) (i) Items that will not be reclassified to profit or loss
Fair valuation of equity and preference instruments through other comprehensive income	1576.64	-3486.20
Remeasurement of defined benefit plans	0.35	1.84
(ii) Income tax relating to items that will not be reclassified to profit or loss	507.78	269.38
Total other comprehensive income	1069.21	-3753.74
Total comprehensive income for the year	3709.57	-116.42
Earning per Equity share
Basic	491.61	694.25
Diluted	491.61	694.25

Placid Limited Consolidated Cash Flow Statement (In Rs Lakhs)

Particulars	2022	2021
Cash flows from operating activities
Profit before tax	2942.19	3942.07
Adjustments for:
Net (gain)/loss on fair value changes	-3122.45	-4252.29
(Profit)/Loss on sale of bonds	16.80	-1.41
Provisions for Gratuity	18.72	6.40
Depreciation	104.10	91.57
Impairment on financial instruments	-41.88	71.78
Operating profit before working capital changes	-82.52	-141.88
Adjustments for changes in working capital
Decrease/ (Increase) in loans	-1,529.69	-5944.11
Decrease/ (Increase) in other financial assets	453.62	-309.98
Decrease/ (Increase) in other non-financial assets	-2.02	19.08
Increase / (decrease) in other financial liabilities	30.46	47.76
Increase/ (decrease) in other non-financial liabilities	-9.20	-20.32
Cash generated from operating activities	-1139.34	-6349.45
Income tax paid (net of refunds)	296.35	-190.93
Net cash generated from operating activities	-842.99	-6540.38
Cash flows from investing activities
Purchase of property, plant and equipment	-170.20	-5.94
Change in Fixed Deposits	54.52	1247.90
Change in Investment Property	-	-17.96
Purchase of investments	-25487.85	-13285.60
Sale of investments	23927.83	15303.58
Net cash generated from/(used in) investing activities	-1,675.70	3,241.98
Cash flow from financing activities
Proceeds from Borrowings(Net)	2,804.75	3,407.67
Proceeds from issue of shares	-	26.86
Net cash generated from financing activities	2,804.75	3,434.53
Net increase/(decrease) in cash and cash equivalents	286.06	136.13
Cash and cash equivalents as at beginning of the year	377.06	240.93
Cash and cash equivalents at the end of the financial year	663.11	377.06

Here is a summary of the Cash Flow Statement for the years 2022 and 2021:

Operating Activities:

1. Profitability:

In 2022, the company reported a profit before tax of 2942.19, compared to 3942.07 in 2021.

Adjustments were made for various factors such as net gain/loss on fair value changes, profit/loss on the sale of bonds, provisions for gratuity, depreciation, and impairment on financial instruments.

2. Operating Profit Before Working Capital Changes:

The operating profit before working capital changes was -82.52 in 2022 and -141.88 in 2021.

3. Working Capital Changes:

The adjustments for changes in working capital include decreases/increases in loans, other financial assets, other non-financial assets, and increases/decreases in other financial and non-financial liabilities.

4. Cash Generated from Operating Activities:

Cash generated from operating activities was -1139.34 in 2022 and -6349.45 in 2021.

Income tax paid (net of refunds) was 296.35 in 2022 and -190.93 in 2021.

5. Net Cash Generated from Operating Activities:

Net cash generated from operating activities was -842.99 in 2022 and -6540.38 in 2021.

Investing Activities:

1. Capital Expenditure:

Purchase of property, plant, and equipment was -170.20 in 2022 and -5.94 in 2021.

2. Changes in Investments:

Changes in fixed deposits, investment property, and the purchase/sale of investments resulted in a net cash outflow of -1,675.70 in 2022 and a net inflow of 3,241.98 in 2021.

Financing Activities:

1. Borrowings and Share Issuance:

Proceeds from borrowings (net) were 2,804.75 in 2022 and 3,407.67 in 2021.

Proceeds from the issue of shares were 0 in 2022 and 26.86 in 2021.

2. Net Cash Generated from Financing Activities:

Net cash generated from financing activities was 2,804.75 in 2022 and 3,434.53 in 2021.

Overall Cash Position:

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

There was a net increase of 286.06 in 2022 and 136.13 in 2021.

2. Cash and Cash Equivalents:

Cash and cash equivalents at the end of the financial year were 663.11 in 2022 and 377.06 in 2021, compared to 377.06 and 240.93 at the beginning of the respective years.

Placid ltd Annual Reports, Balance Sheet and Financials

Placid Limited (Placid) Return Comparision with Primex 40 Index

Placid Limited Balance Sheet (In Rs Lakhs)

Placid Limited Profit & Loss Statement (In Rs Lakhs)

Placid Limited Consolidated Cash Flow Statement (In Rs Lakhs)

Financial Ratios (NA)

Dividend History (NA)

Placid Limited Annual Report

Placid Limited Annual Report 2021-22

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