SVOGL Oil Gas and Energy Annual Report and Financials

SVOGL Oil Gas and Energy Limited Balance Sheet (In Rs)

SVOGL Oil Gas And Energy Limited Profit & Loss Statement (In Rs)

SVOGL Oil Gas and Energy Limited Consolidated Cash Flow Statement (In Rs)

Here is a summary of the Cash Flow Statement for the years 2015 and 2014:

A. Cash Flow from Operating Activities:

1. Net Profit Before Tax and Extraordinary Items:  The company started with substantial net losses before tax and extraordinary items, with ₹685.11 billion in 2014 and reduced slightly to ₹596.46 billion in 2015. This implies a persistently unprofitable operation at the core level.

2. Adjustments for Non-Cash Items:

Depreciation: Increased from ₹146.60 billion in 2014 to ₹240.22 billion in 2015, reflecting possibly higher capital asset base or changes in depreciation policy.

Deferred Revenue Expenditure: A decrease from ₹5.77 billion in 2014 to ₹1.59 billion in 2015, indicating less expenditure being deferred to future periods.

Investments (Interest Income): Shows a decrease in interest income from investments, possibly due to fewer or lower-yielding investments in 2015.

Interest Expenditure: Remained high but fairly stable with ₹303.47 billion in 2014 and ₹309.41 billion in 2015, suggesting a consistently high debt level.

Bad Debts and Provisions for Doubtful Debts: A noticeable difference year-over-year, with specific provisions for bad and doubtful debts made, reflecting concerns about credit risk and customer solvency.

3. Operating Profit Before Working Capital Changes: Despite heavy losses, operational adjustments led to a slight positive operating profit of ₹2.42 billion in 2015, compared to a large negative in 2014.

4. Changes in Working Capital: Significant outflows in trade receivables, inventories, and trade payables indicate potentially slower collection times, faster inventory turnover, and quicker payments to suppliers or reductions in procurement.

5. Cash Generation from Operations and Interest Paid: Both these figures indicate a substantial cash burn in operating activities, primarily driven by high interest payments.

6. Net Cash from Operating Activities: Reflecting the above factors, net operating cash flows were deeply negative in both years, worsening from ₹-995.62 billion in 2014 to ₹-344.21 billion in 2015.

B. Cash Flow from Investing Activities:

1. Capital Expenditure: The company reduced its spending on fixed assets from ₹30.50 billion in 2014 to ₹15.93 billion in 2015, possibly as a measure to conserve cash given the significant operating losses.

2. Interest Received: Interest income from investments provides some offset, increasing the net cash used in investing activities.

3. Net Cash Used in Investing Activities: There was a decrease in the net cash outflow from investing activities from ₹28.31 billion in 2014 to ₹14.57 billion in 2015, aligning with the reduced capital expenditure.

C. Cash Flow from Financing Activities:

1. Equity and Debt Financing: In 2015, the company raised significant funds through share application money (₹125.65 billion) and borrowings (₹252.69 billion), unlike in 2014, where funds came only from borrowings.

2. Net Cash Flow from Financing Activities: Demonstrating a stark contrast to operational cash flows, financing activities provided substantial inflows, improving the overall cash position.

Net Increase in Cash and Cash Equivalents:

1. Overall Cash Movements: The company 's cash and cash equivalents saw an increase in 2015 by ₹19.56 billion, a significant recovery from a decrease of ₹28.16 billion in 2014. This turnaround was predominantly due to the hefty financing cash inflows that offset the losses from operating activities.

2. Closing Cash and Cash Equivalents: Ended 2015 at ₹44.16 billion, an improvement over the starting figure and previous year 's closing, reflecting the infusion of funds through financing activities and a careful approach to investing and operational expenditures.

Oil, Gas and Energy Industry Overview

The oil and gas industry faces several disruptors that impact demand, supply, trade, and investment. These disruptors include geopolitical factors, macroeconomic variables, evolving policies, and new technologies. Despite disruptions, global oil demand is expected to grow by 2.3 million barrels per day (mbpd) in 2023, crossing the 100 mbpd mark for the first time in history. Electric vehicle (EV) sales grew by over 35% in 2023, reflecting regional disparities in demand structure, infrastructure readiness, technology adoption, and regulatory policies.

The industry is financially strong, enabling it to finance investments and dividends. The global upstream industry is projected to maintain its 2023 hydrocarbon investment level and generate significant free cash flows in 2024.

The International Energy Agency (IEA) emphasizes the need for oil and gas companies to clarify the implications of energy transitions for their operations and business models.

 FAQ related to SVOGL Oil Gas and Energy Limited

Q.1 Do SVOGL Oil Gas and Energy Limited listed or not?

SVOGL Oil Gas and Energy Limited is presently in the process of being liquidated. This indicates that a liquidation process is underway for the company. 

Q.2 When did SVOGL Oil Gas and Energy Limited get 's delisted?

The company get 's delisted on 12 June 2015.

Q.3 What is the main Work of SVOGL Oil Gas and Energy Limited?

The company is involved in gas compression services. And also participates in offshore drilling activities SVOGL is also engaged in coal bed methane (CBM) drilling.

Q.4 Why SVOGL Oil Gas and Energy Limited get delisted?

Significant obstacles forced SVOGL Oil Gas and Energy Limited to delist. Similar to Financial Difficulties Annual income decreased dramatically, profits changed into losses, and the Central Board of Excise and Customs filed a complaint against it for evading service taxes totalling ₹200 crore.

Q.5 What was the first name of SVOGL Oil Gas and Energy Limited?

Shiv-Vani oil & gas exploration services limited too SVOGL oil gas and energy limited in 2014.