Ritman Infra Limited Annual Report and Financials

Ritman Infra Limited Balance Sheet (Rs In Thousands)

Ritman Infra Limited Profit & Loss Statement (Rs In Thousand)

Ritman Infra Limited Consolidated Cash Flow Statement (Rs In Thousand)

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

A. Cash Flow from Operating Activities:

1. Net Profit Before Tax:

In 2019, the company reported a significant decrease in net profit before tax, moving from a profit of Rs 2,127 in 2018 to a loss of Rs -11,424 in 2019. This indicates a substantial decline in profitability.

2. Adjustments to Reconcile Net Profit to Net Cash Provided by Operating Activities:

Depreciation and Amortization Expenses:

2019: Rs 1,199

2018: Rs 1,240

Depreciation and amortization expenses remained relatively stable between the two years, indicating consistent non-cash expenses.

Interest Expenses:

2019: Rs 621

2018: Rs 642

Interest expenses also showed a slight decrease, suggesting potential cost management efforts.

Misc. Balances Written Off, (Profit)/Loss on Sale of Fixed Assets, (Profit)/Loss on Sale of Investments in Subsidiaries:

No specific information is provided for these items, indicating a lack of detail in the disclosure.

Provision for Doubtful Debts:

2019: Rs 458

2018: Rs 161

The provision for doubtful debts increased in 2019, which could be indicative of higher anticipated credit losses.

Interest Income:

2019: -Rs 399

2018: -Rs 398

The negative interest income suggests that the company paid more interest than it received, impacting the overall cash flow.

3. Cash Flow Before Working Capital Changes:

In 2019, the cash flow before working capital changes decreased to Rs -9,545 from Rs 3,607 in 2018. This indicates challenges in generating positive cash flow from core operations.

4. Adjustments for Working Capital Changes:

(Increase)/Decrease in Inventories:

2019: Rs 16,805

2018: -Rs 7,314

The substantial increase in inventories in 2019 may be attributed to changes in production or inventory management practices.

(Increase)/Decrease in Trade Receivables:

2019: Rs 518

2018: Rs 1,456

The increase in trade receivables in 2019 may indicate delayed payments from customers.

(Increase)/Decrease in Other Financial Assets, (Increase)/Decrease in Other Assets:

These adjustments involve changes in other financial and non-financial assets, indicating shifts in the composition of the company 's asset base.

Increase/(Decrease) in Trade Payables and Other Financial Liabilities, Increase/(Decrease) in Other Non-Financial Liabilities:

These adjustments involve changes in trade payables and other financial and non-financial liabilities, suggesting variations in the company 's liabilities.

5. Cash Flow from Operating Activities Before Taxes Paid:

In 2019, the cash flow from operating activities before taxes paid was Rs 5,842 million, reflecting the net effect of operating activities and working capital changes.

6. Taxes Paid:

2019: Rs 684

2018: Rs 484

Taxes paid increased in 2019, potentially due to the change in profitability and other tax-related factors.

7. Net Cash Provided by Operating Activities:

The net cash provided by operating activities was Rs 5,158 million in 2019 and Rs 4,529 million in 2018. This represents the net cash generated or used by the company 's operating activities.

B. Cash Flow from Investing Activities:

1. Interest Received:

2019: Rs 40

2018: Rs 40

Interest received remained constant between the two years.

2. Sale of Non-Current Investments, Purchase of Investment Property, Purchase of Non-Current Investments, Sale of Fixed Assets, Purchase of Fixed Assets:

Specific details for these activities are not provided, limiting the ability to assess the nature of investments and capital expenditures.

3. Net Cash Provided by/(Used in) Investing Activities:

2019: -Rs 0.12

2018: -Rs 9.3

The company reported a significant improvement in net cash used in investing activities, moving from -Rs 9.3 in 2018 to -Rs 0.12 in 2019.

C. Cash Flow from Financing Activities:

1. Borrowings Made/(Refunded), Net of Interest Expenses:

2019: -Rs 4,879

2018: -Rs 2,718

The company borrowed a net amount of -Rs 4,879 in 2019 and -Rs 2,718 in 2018.

2. Net Cash Provided by Financing Activities

2019: -Rs 4,879

2018: -Rs 2,718

The net cash provided by financing activities reflects the overall impact of borrowing and repayment activities.

D. Net Increase/(Decrease) in Cash Flows:

The net increase/(decrease) in cash flows was -Rs 1,204 n in 2019 and Rs 2,069 in 2018. This indicates a decrease in cash resources in 2019 compared to an increase in 2018.

E. Cash and Cash Equivalents:

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

2019: Rs 2,366

2018: Rs 297

The company began 2019 with cash and cash equivalents of Rs 2,366, significantly higher than the Rs 297 in 2018.

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

2019: Rs 1,162

2018: Rs 2,366

The company ended 2019 with cash and cash equivalents of Rs 1,162, indicating a decrease from the previous year.

F. Fixed Deposits with Bank1 and Cash and Bank Balances at the End of the Year:

1. Fixed Deposits with Bank1:

2019: Rs 6,298

2018: Rs 5,941

2. Cash and Bank Balances at the End of the Year:

2019: Rs 7,460

2018: Rs 8,307

These items provide additional details on the company 's financial assets at the end of the year.