Premium Merchants Ltd Annual Report and Financials

Particulars

2023

2022

ASSETS

Financial Assets

Cash and cash equivalents

246.60

292.93

Other bank balances

16,227.73

17,998.25

Trade receivables

0.60

Investments

1,175,862.15

969,386.70

Other financial assets

404.29

435.36

Total

1,192,740.77

988,113.84

Non-Financial Assets

Current tax assets(Net)

1,209.64

1,223.49

Property, plant and equipment and intangible Assets

   Property, plant and equipment

18,351.27

18,409.50

19,560.91

19,632.99

Total Assets

1,212,301.68

1,007,746.83

LIABILITIES AND EQUITY

Financial Liabilities

   Subordinated Liabilities

6,000.00

10,000.00

   Other financial liabilities

205.95

204.05

Total

6,205.95

10,204.05

Non-Financial Liabilities

   Current tax liabilities(Net)

   Provisions

7.63

7.63

   Deferred tax liability

251,398.71

208,628.68

   Other non financial liabilities

27.84

24.93

Total

251,434.18

208,661.24

Total Liabilities

257,640.13

218,865.29

Equity

Equity share capital

9,980.00

9,980.00

Other equity

944,681.55

778,901.54

Total Equity

954,661.55

788,881.54

Total Liabilities and Equity

1,212,301.68

1,007,746.00

Particulars

2023

2022

Revenue from Operations

Dividend Income

1,754.09

1,457.81

Interest Income

810.26

852.21

Sale of Services

5.50

Net gain on fair value changes

258.63

Total Revenue from Operations

2,564.35

4,574.15

Other Income

675.00

675.00

Total Income

3,239.35

5,249.15

Expenses

Net loss on fair value changes

6,599.89

Employee benefit expenses

7.00

169.52

Depreciation

58.23

58.23

Other expenses

410.91

429.06

Total Expenses

7,076.03

656.81

Profit Before Tax

(3,836.68)

4,592.34

Tax Expenses

Current tax

673.60

1,061.16

Current tax- earlier years

15.01

26.00

Deferred tax

(1,788.72)

(859.25)

Total Tax Expenses

1,100.11

227.91

Profit for the period

2,736.57

4,364.43

Items that will not be reclassified to profit or loss

Equity Instruments through Other Comprehensive Income

213,075.33

202,190.06

Tax relating to items that will not be reclassified to profit and loss

(44,558.75)

(46,558.61)

Total other Comprehensive Income

168,516.58

155,631.45

Total Comprehensive Income for the year

165,780.01

159,995.88

Earnings per equity share-Basics/Diluted

(2.74)

4.37

(Face value of share Rs10 each)

Particulars

2023

2022

A. Cash Flow from Operating Activities

Net profit/(loss) before tax

(3,868.68)

4,592.34

Adjustments for :

(Gain)/Loss on fair value changes

6,599.89

(258.63)

Depreciation

58.23

58.23

Operating Profit Before Working Capital Changes

2,821.44

4,391.95

Working Capital Changes:

Decrease/(Increase) in other Bank Balances

1,770.52

(3,193.22)

Decrease/(Increase) in Trade Receivables

0.60

10.09

Decrease/(Increase) in Investments

(0.02)

Increase/(Decrease) in other Financial Assets

31.07

(57.58)

Increase/(Decrease) in other Subordinated Liabilities

(4,000.00)

Increase/(Decrease) in other Financial Liabilities

1.90

4.80

Increase/(Decrease) in other Non-Financial Liabilities

2.91

1.74

Cash used/(generated) from Operations

628.44

1,157.77

Income Tax Refund/(Paid)

(674.77)

(1,076.93)

Net cash flow from Operating Activities(A)

(46.33)

80.84

B. Cash Flow from Investing Activities

C. Cash Flow from Financing Activities

Net Increase/(Decrease) in cash and cash equivalents(A+B+C)

(46.33)

80.84

Cash and cash equivalents at the beginning of the year

292.93

212.09

Cash and cash equivalents at the end of the year

246.60

292.93

Components of cash and cash equivalents:

Cash and cheques on hand

With banks-in current account

246.60

292.93

246.60

292.93