Sun Finlease Gujarat Ltd Annual Report, Financials, Balance Sheet

Sun Finlease Gujarat Limited Standalone Balance Sheet (Rs In Lakhs)

Particulars	2023	2022
ASSETS:
Financial assets
(a) Cash and cash equivalent	2.64	15.69
(b) Loans	-	1.68
(c) Investments	0.51	147.28
(d) Other financial assets	150.51	265.62
Total Financial Assets	153.66	430.27
Non Financial Asset
(a) Property Plant and Equipment	12.06	15.98
(b) Deferred Tax Assets	15.43	8.46
(c) Other Non Financial Assets	1.45	7.99
Total Non Financial Assets	28.94	32.43
Total Assets	182.6	462.7
LIABILITIES AND EQUITY:
LIABILITIES
Financial Liabilities
(a) Other Payables
(i) Total outstanding dues of creditors other than above	0.06	0.01
(b) Borrowings (Other than Debt Securities)	125	-
(c) Other financial Liabilities	3.92	0.16
Total Financial Liabilities	128.98	0.17
Non Financial Liabilities
(a) Provisions	3.49	3.3
Total Non Financial Liabilities	3.49	3.3
Equity
(a) Equity share capital	303.34	303.34
(b) Other Equity	-253.21	155.89
Total Equity	50.13	459.23
Total Liabilities and Equity	182.6	462.7

 Sun Finlease Gujarat Limited Standalone Profit & Loss Statement (Rs In Lakhs)

Particulars	2023	2022
Revenue From Operations
Interest Income	46.23	37.69
Dividend Income	0.86	2.3
Net Gain /(loss) on financial instruments	-	4.94
Net gain on fair value changes	-	4.53
Total Revenue from operations	47.09	49.46
Other Income	2.04	1.54
Total Income	49.13	51
Expenses
Finance Costs	39.8	20.83
Net loss on financial instruments	353.14	-
Net loss on fair value changes	22.93	-
Employee benefit expenses	24.61	31.46
Depreciation , amortization and impairment	3.2	3.29
Others expenses	21.51	23.53
Total Expenses	465.19	79.11
Profit/(Loss) before Exceptional items and tax	-416.06	-28.11
Exceptional Items	-	-10.04
Prior Period expense	-	-35.47
Profit/(Loss) before tax	-416.06	-73.62
Tax expense:
(A) Deferred Tax (Income)/ Expense	-6.97	-35.38
	-6.97	-35.38
Profit/(Loss) for the year	-409.09	-38.24
Total comprehensive income for the year	-409.09	-38.24
Earnings/(Loss) per equity share
Basic	-13.49	-1.26
Diluted	-13.49	-1.26

Sun Finlease Gujarat Limited Standalone Cash Flow Statement (Rs In Lakhs)

Particulars	2023	2022
Cash Flow From Operating Activities
Net Profit/(Loss) Before Tax	-416.06	-73.62
Add :Non operating and non cash items debited in P&L
Depreciation and Amortization expense	3.2	3.29
Provision	0.8	0.1
Net Gain And Loss Fair Value changes	22.93	-4.53
	26.93	-1.14
Less :Non operating and non cash items credited in P&L
Profit on Sale of car	1.54	-
Interest on Income tax refund	0.4	0.96
	1.94	0.96
Operating Profit Before Working Capital Changes	-391.08	-75.72
(Increase) / Decrease in Financial Assets
Changes in Financial Assets-Loans	1.68	-
Changes in Other Financial Assets	115.11	5.43
Changes in Other Financial Liabilities- Other payables	0.05	-0.89
Changes in Other financial liabilities	3.76	0.09
Cash Generated From Operations	-270.48	-71.09
Net Cash Inflow/(outflow) flow from operating activities (A)	-270.48	-71.09
Cash Flow From Investing Activities
Purchase of fixed assets	-0.06	-
Sale of Fixed Assets	16.76	-
Changes in Investment	108.33	-89.62
Dividend Income	0.86	2.3
Net Cash Inflow/(outflow) flow from Investing activities (B)	125.89	-87.32
Cash Flow From Financing Activities
Changes in Non Financial Assets	6.54	162.84
Changes In borrowings	125
Net Cash Inflow/(outflow) flow from Financing activities (C)	131.54	162.84
Net Increase / (Decrease) in Cash and Cash Equivalents	-13.05	4.43
Add : Cash and Cash Equivalents as at 1st April, 2021	15.69	11.26
Cash and Cash Equivalents as at 30th September, 2021	2.64	15.69

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

2023:

1. Cash Flow from Operating Activities:

The company experienced a net cash outflow of -270.48 Rs from its operating activities in 2023, indicating a significant use of cash in its core operations.

The net profit before tax was -416.06 Rs, showing a loss before accounting for taxes.

Various non-operating and non-cash items, including depreciation and amortization expenses of 3.2 Rs, provisions of 0.8 Rs, and net gains and losses from fair value changes of 22.93 Rs, were added back.

Non-operating and non-cash items credited in the Profit & Loss statement included a profit on the sale of a car (1.54 Rs) and interest on income tax refund (0.4 Rs), with a total credit of 1.94 Rs.

The operating profit before working capital changes was -391.08 Rs.

Changes in financial assets and liabilities included increases in loans (1.68 Rs), significant changes in other financial assets (115.11 Rs), and minor changes in other financial liabilities.

Cash generated from operations amounted to -270.48 Rs, resulting in a net cash outflow from operating activities of the same amount.

2. Cash Flow from Investing Activities:

The company had a net cash inflow of 125.89 Rs from its investing activities in 2023.

This included the purchase of fixed assets (-0.06 Rs), sale of fixed assets (16.76 Rs), significant changes in investments (108.33 Rs), and dividend income (0.86 Rs).

3. Cash Flow from Financing Activities:

The company had a net cash inflow of 131.54 Rs from its financing activities in 2023.

This was primarily due to changes in non-financial assets (6.54 Rs) and changes in borrowings (125 Rs).

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

The overall net decrease in cash and cash equivalents for the year was -13.05 Rs.

The year began with 15.69 Rs in cash and cash equivalents and ended with 2.64 Rs, indicating a decrease in cash reserves.

2022:

1. Cash Flow from Operating Activities:

The company experienced a net cash outflow of -71.09 Rs from its operating activities in 2022, indicating a significant use of cash in its core operations.

The net profit before tax was -73.62 Rs, showing a loss before accounting for taxes.

Non-operating and non-cash items added back included depreciation and amortization expenses (3.29 Rs), provisions (0.1 Rs), and net gains and losses from fair value changes (-4.53 Rs).

The company credited non-operating and non-cash items in the Profit & Loss statement, including a profit on the sale of a car, and interest on income tax refund, totaling 0.96 Rs.

The operating profit before working capital changes was -75.72 Rs.

Changes in financial assets and liabilities included minor changes in loans, other financial assets, and other financial liabilities.

Cash generated from operations amounted to -71.09 Rs, resulting in a net cash outflow from operating activities of the same amount.

2. Cash Flow from Investing Activities:

The company had a net cash outflow of -87.32 Rs from its investing activities in 2022.

This included a minor purchase of fixed assets, no sale of fixed assets, significant changes in investments (-89.62 Rs), and dividend income (2.3 Rs).

3. Cash Flow from Financing Activities:

The company had a net cash inflow of 162.84 Rs from its financing activities in 2022, primarily due to changes in non-financial assets (162.84 Rs).

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

The overall net increase in cash and cash equivalents for the year was 4.43 Rs.

The year began with 11.26 Rs in cash and cash equivalents and ended with 15.69 Rs, indicating an increase in cash reserves.

In summary, the company experienced significant cash outflows from operating activities in both 2023 and 2022, with a substantial loss before tax. The net increase or decrease in cash and cash equivalents was negative in 2023 and positive in 2022. The cash flow from investing and financing activities contributed to these changes in cash reserves. The detailed figures provide insights into the company 's financial performance and resource management during these years.

Bellow are the Financial Ratios

Particulars	2023	2022
Current Ratio	1.19	7.22
Debt Equity Ratio	2.49	N.A
Operating Profit Margin	0.0101	0.0101

Here is a summary of the financial and operational metrics for Sun Finlease Gujarat Limited for the years 2023 and 2022:

2023:

1.Current Ratio:

The current ratio in 2023 was 1.19, which indicates that the company 's current assets are higher than its current liabilities. This suggests relatively healthy short-term liquidity, allowing the company to meet its immediate financial obligations.

2. Debt Equity Ratio:

In 2023, the Debt Equity Ratio was 2.49, suggesting that the company has a significant amount of debt in its capital structure relative to equity. However, it 's important to note that "N.A" is mentioned for 2022, which may imply that the company did not have this ratio calculated or did not have any debt in its capital structure that year.

3. Operating Profit Margin:

The operating profit margin in 2023 was 0.0101, indicating that the company earned a 1.01% profit on its operating activities. This margin remained the same as in 2022.

2022:

1.Current Ratio:

In 2022, the current ratio was significantly higher at 7.22, which indicates very strong short-term liquidity and the ability to meet immediate financial obligations with ease.

2. Debt Equity Ratio:

"N.A" is mentioned for 2022, suggesting that the company either didn 't calculate this ratio or had no debt in its capital structure during that year.

3. Operating Profit Margin:

In 2022, the operating profit margin was the same as in 2023, at 0.0101, signifying a 1.01% profit on operating activities.