Supra Industrial Resources Limited Annual Report and Financials

Supra Industrial Resources Limited Balance Sheet (Rs In Hundreds)

 Supra Industrial Resources Limited Profit & Loss Statement (Rs In Hundreds)

Supra Industrial Resources Limited Consolidated Cash Flow Statement (Rs In Hundreds)

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

Cash Flow from Operating Activities:

1. Surplus Balance in Profit and Loss Account:

2023: -4687.69

2022: Not provided

The negative surplus balance suggests a deficit in the profit and loss account at the beginning of the period, indicating that the company started with accumulated losses.

2. Less: Opening Surplus Balance in Profit and Loss Account:

2023: -3024.46

2022: Not provided

This represents the opening balance of the surplus in the profit and loss account, deducted to calculate the net profit or loss for the period.

3. Net Profit/(Loss):

2023: -1663.23

2022: -7072.54

The company incurred a net loss of Rs -1663.23 million in 2023, which is an improvement from the larger net loss of Rs -7072.54 million in 2022. This improvement is a positive sign, but the company is still in a loss position.

4. Adjustment for Fund from Operation:

2023: -1663.23

2022: -7072.54

This adjustment represents the fund generated from the core operational activities, aligning with the net profit/loss. In this case, it 's negative, indicating a decrease in funds from operations.

5. Add:

Decrease in Short-term Provision:

2023: 0

2022: -210.7

The absence of a decrease in short-term provision in 2023 contrasts with a decrease of Rs -210.7 million in 2022.

Decrease in Long-term Provision:

2023: -247.77

2022: 158.7

A decrease in long-term provision in 2023, opposite to an increase in 2022, indicating a release or utilization of long-term provisions.

Increase in Long-term Loans and Advances:

2023: -2946.99

2022: -2726.16

An increase in long-term loans and advances, indicating the company has provided more funds for long-term purposes.

6. Less:

Increase in Current Liabilities:

2023: -456.8

2022: 3867.14

A decrease in current liabilities in 2023, contrasting with a significant increase in 2022, impacting the cash flow from operating activities.

Decrease in Deferred Tax Assets:

2023: 0

2022: 143.81

The absence of a decrease in deferred tax assets in 2023, opposite to a decrease of Rs 143.81 million in 2022.

Decrease in Inventories:

2023: 0

2022: 0.43

No change in inventories in 2023, contrasting with a minor decrease in 2022.

(Increase)/Decrease in Short-term Loans and Advances:**

2023: 54.26

2022: 1595.79

A slight increase in short-term loans and advances in 2023, contrasting with a significant increase in 2022.

Net Cash from Operating Activities:

The net cash from operating activities is calculated by summing up the adjustments, additions, and deductions mentioned above. In this case, it is negative, indicating a net outflow of cash from the core operational activities.

Cash Flow from Investing Activities:

1. Sale of Fixed Assets:

2023: 24.64

2022: 0

The company generated cash by selling fixed assets in 2023, contrasting with no cash generated from this activity in 2022.

Net Cash Used in Investing Activities:

The net cash used in investing activities is the sum of cash generated from the sale of fixed assets and any other investing activities. In this case, it is positive, indicating a net inflow of cash from investing activities.

Cash Flow from Financing Activities:

This section represents cash flows from the company 's financing activities, such as issuing or repurchasing stock, paying dividends, and taking or repaying loans.

Net Increase in Cash and Cash Equivalents:

The net increase in cash and cash equivalents is calculated by summing up the net cash from operating activities, net cash used in investing activities, and cash flow from financing activities. In this case, it is negative, indicating a net decrease in cash and cash equivalents.

Cash and Cash Equivalents (Opening and Closing Balance):

These represent the company 's cash position at the beginning and end of the period. The closing balance is lower than the opening balance, indicating a decrease in cash and cash equivalents during the period.

Bellow are the Financial Ratios

Here is a summary of the financial and operational metrics for Supra Industrial Resources Limited for the years 2023 and 2022:

Financial Metrics:

1. Current Ratio (in times):

2023: 0.14

2022: 0.35

The current ratio measures the company 's ability to cover its short-term liabilities with its short-term assets. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations. The decrease from 2022 to 2023 raises concerns about short-term liquidity.

2. Return on Equity (ROE) Ratio (in %):

2023: -7.34

2022: -26

The negative ROE indicates a loss on equity. A significant improvement from -26 in 2022 to -7.34 in 2023 suggests a relative reduction in the loss, but the company is still not generating positive returns for its shareholders.

3. Net Capital Turnover Ratio (in times):

2023: -0.92

2022: -1.01

The negative values indicate that the company is not effectively utilizing its capital to generate sales. It suggests that the business is struggling to turn its invested capital into revenue.

4. Net Profit Ratio (in %):

2023: -50.52

2022: -233.22

The net profit ratio, indicating the percentage of profit relative to total revenue, is extremely negative. This suggests a significant loss relative to the revenue generated. It 's essential to investigate the reasons behind such substantial losses.

5. Return on Capital Employed (ROCE) Ratio (in %):

2023: -3.71

2022: -27.59

Similar to ROE, the negative values indicate that the company is not generating positive returns on the capital employed in the business. While there is an improvement from 2022, the company is still facing challenges in turning its capital into profits.

6. Debt Equity Ratio (in times):

2023: 0.64

2022: 0.42

The debt equity ratio measures the proportion of debt used to finance the company 's assets. An increase in this ratio indicates higher reliance on debt for financing. While 0.64 is still relatively moderate, the upward trend should be monitored.

7. Debt Service Coverage Ratio (in times):

2023: -0.95

2022: -10.49

The debt service coverage ratio is negative, indicating that the company may have difficulty covering its debt obligations with its operating income. The improvement from -10.49 in 2022 suggests a relative reduction in the inability to cover debt obligations, but it remains a concerning metric.