Silverline Technologies Annual Reports & Financials

Silverline Technologies Limited Balance Sheet (Amount in Rs.)

 Silverline Technologies Limited Profit & Loss Statement (Amount in Rs.)

Silverline Technologies Limited Cash Flow Statement (Amount in Rs.)

Here is a summary of the Cash Flow Statement for the years 2024 and 2023:

Operating Activities: The company reported a net profit before tax and before extraordinary items of ₹1,89,795 in 2024, a substantial decrease from ₹27,94,839 in 2023. Despite the lower profit figure, depreciation and amortization remained steady at ₹5,60,000. Interest paid in 2024 is not recorded, contrasting with a significant amount of ₹1,60,18,870 in 2023. Operating profit before working capital changes dropped to ₹7,49,795 from ₹1,93,73,709, indicating reduced operational efficiency or profitability.

Working capital changes showed a significant decrease in sundry debtors by ₹1,68,41,000 compared to an increase of ₹6,73,30,057 in 2023, suggesting a slowdown in receivables collection. Conversely, trade payables and other current liabilities increased by ₹1,91,62,000, improving cash flow management compared to a decrease of ₹2,71,58,795 in 2023. Additionally, there was a modest increase in provisions amounting to ₹75,000. Overall, cash from operating activities decreased to ₹30,70,795 from ₹5,95,44,971. After accounting for a net income tax provision of ₹75,000, the net cash flow from operating activities stands at ₹30,70,795, reflecting a sharp decline in cash generation from core business operations.

Investing Activities: In investing activities, the company reported a substantial outflow of ₹10,64,90,000 in 2024, primarily due to investments in IPR accounts, compared to an even larger outflow of ₹20,02,66,635 in 2023. Other financial assets saw no transactions in 2024, but there was a significant inflow of ₹11,61,57,578 in 2023. The net investment account in 2024 shows no activity, while there was an outflow of ₹3,22,53,157 in 2023. Overall, the net cash flow from investing activities was a significant outflow of ₹10,64,90,000 in 2024 compared to an outflow of ₹5,18,55,900 in 2023, indicating heavy investment spending.

Financing Activities: The financing activities showed a net cash inflow of ₹10,32,28,000 in 2024, reversing the outflow of ₹72,43,450 in 2023. This inflow includes an unsecured loan received of ₹26,50,000 and an increase in long-term deposits of ₹10,58,78,000, which contrasts with a much smaller increase of ₹87,75,420 in 2023. There was no interest paid recorded in 2024, contrasting with ₹1,60,18,870 in 2023. This significant change indicates improved cash flow from financing activities, primarily driven by increased deposit inflows.

Overall Cash Position: The net increase in cash and cash equivalents for 2024 was a decrease of ₹1,91,204, compared to an increase of ₹4,45,621 in 2023. The ending cash balance at the end of 2024 is ₹5,68,630, down from ₹7,59,835 at the beginning of the year. This decline in cash reserves reflects the impact of higher investment outflows and changes in cash flows from operating and financing activities.