Value Industries Annual Reports, Balance Sheet and Financials

Value Industries Limited Balance Sheet (Rs In Million)

Particulars	2019	2018
ASSETS
Non-current assets
Property, Plant and Equipment	7,005.08	7,795.47
Financial Assets
Investments	62.31	66.09
Loans	3.91	2.56
Others	0.14	8.97
Other non-current assets	36.98	36.91
Other Tax Assets (Net)	45.1	44.48
Total non current assets	7,153.52	7,954.48
Current Assets
Inventories	305.82	1,025.58
Financial Assets
Trade receivables	1,788.31	2,132.48
Cash and cash equivalents	28.86	23.28
Bank balances other than cash and cash equivalents	18.74	17.72
Loans	2,686.27	2,675.96
Other current assets	155.94	178.65
Total current assets	4,983.94	6,053.67
TOTAL ASSETS	12,137.46	14,008.15
EQUITY AND LIABILITIES
Equity
Equity share capital	391.86	391.86
Other equity	-5,713.70	-2,947.30
Total equity	-5,321.84	-2,555.44
Non current liabilities
Provisions	10.2	7.32
Deferred tax liabilities (net)	431.32	482.14
Other non current liabilities	20.31	24.23
Total non current liabilities	461.83	513.69
Current liabilities
Financial liabilities
Borrowings	13,852.61	12,919.56
Trade payables
Due to micro and small enterprises	4.94	5.71
Due to other than micro and small enterprises	292.49	334.08
Others	2,668.10	2,607.83
Other current liabilities	137.03	137.49
Provisions	42.3	45.23
Total current liabilities	16,997.47	16,049.90
TOTAL EQUITY AND LIABILITIES	12,137.46	14,008.15

Value Industries Limited Profit & Loss Statement (Rs In Million)

Particulars	2019	2018
I. Income
Revenue from Operations	186.51	2,525.17
Other income	27.64	50.57
Total Income	214.15	2,575.74
II. Expenses
Cost of materials consumed	827.9	4,237.15
Purchase of stock-in-trade (Traded goods)	-	807.11
Changes in inventories of finished goods, work-in-progress and stock-in-trade	6.2	1,715.92
Excise Duty	-	140.81
Employee Benefits Expenses	113.02	176.29
Finance Costs	1,234.79	1,018.18
Depreciation and Amortization Expenses	790.02	842.74
Other Expenses	49.66	518.6
Total Expenses	3,021.59	9,456.80
Profit/(Loss) before Tax	-2,807.44	-6,881.06
Tax expense:
i) Deferred Tax	-49.07	-566.27
Total Tax Expenses	-49.07	-566.27
Profit/(Loss) for the year	-2,758.37	-6,314.79
Other comprehensive income
Items that will not be reclassified to statement of profit or loss in subsequent period	-6	3.35
i) Equity instruments through other comprehensive income - net change in fair value	-3.78	-36.05
ii) Income tax on above	1.75	-1.16
Total comprehensive income/(loss) for the year	-2,766.40	-6,348.65
Earnings per equity share
Basic and diluted earnings per share	-70.39	-161.15

Value Industries Limited Consolidated Cash Flow Statement (Rs In Million)

Particulars	2019	2018
CASH FLOW FROM OPERATING ACTIVITIES
Profit/(Loss) before Tax	-2,807.44	-6,881.06
Adjustments for:
Depreciation and Amortisation	790.02	842.74
Finance Costs	1,234.79	1,018.18
Provision for Warranty and Maintenance Expenses	-7.69	-5.96
Provision for Gratuity	8.1	-7
Provision for Leave Encashment	-0.46	-1.98
Interest Income	-1.08	-8.41
(Profit)/Loss from Investments and Securities Division	-	-22.17
(Profit)/Loss on Sale/Discard of Fixed Assets	-	295.75
Adjustment of Grant	-3.92	-4.94
Guarantee commission	-	-1.45
Operating Profit before Working Capital Changes	-787.68	-4,776.30
Adjustments for:
Inventories	719.76	4,836.46
Trade Receivables	344.17	320.66
Other financial and non financial assets	10.98	-2,414.95
Trade Payables	-42.36	-1,364.09
Other financial and non financial liabilities	53.81	2,521.42
Cash generated from Operations	298.68	-876.8
Less: Taxes Paid (Net)	0.62	1.45
Net Cash from / (used in) Operating Activities	298.06	-878.25
CASH FLOW FROM INVESTING ACTIVITIES
Interest Income	1.08	8.41
Sale of Fixed Assets	1.7	-
Purchase of Fixed Assets (Including Capital Work-in-Progress)	-1.33	-166.81
(Increase)/Decrease in Fixed Deposits and Other Bank Balances	7.81	115.13
Profit/(Loss) from Investments and Securities Division	-	22.17
(Purchase)/Sale of Investments (Net)	-	0.31
Net Cash from / (used in) Investing Activities	9.26	-20.79
CASH FLOW FROM FINANCING ACTIVITIES
Increase/(Decrease) in Non-Current Borrowings	-	87.27
Increase/(Decrease) in Current Borrowings	933.05	1,838.04
Finance Costs	-1,234.79	-1,018.18
Payment of Dividend	-	-1.99
Net Cash (used in) / from Financing Activities	-301.74	905.14
Net Change in Cash and Cash Equivalents	5.58	6.1
Cash and Cash Equivalents at beginning of the year	23.28	17.18
Cash and Cash Equivalents at end of the year	28.86	23.28

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

Cash Flows from Operating Activities:

1. Profit/(Loss) before Tax:

Represents the company 's earnings or losses before considering taxes.

2019: -2,807.44 Rs

2018: -6,881.06 Rs

2. Adjustments for:

Depreciation and Amortization:

Represents the non-cash expenses related to the decrease in the value of assets.

2019: 790.02 Rs

2018: 842.74 Rs

Finance Costs:

Represents the interest expenses incurred by the company.

2019: 1,234.79 Rs

2018: 1,018.18 Rs

Provision for Warranty and Maintenance Expenses:

Represents the estimated amount set aside for future warranty and maintenance expenses.

2019: -7.69 Rs (indicates a decrease in the provision)

2018: -5.96 Rs (indicates a decrease in the provision)

Provision for Gratuity:

Represents the estimated amount set aside for future gratuity payments to employees.

2019: 8.1 Rs

2018: -7 Rs (indicates a change in the provision)

Provision for Leave Encashment:

Represents the estimated amount set aside for future leave encashment.

2019: -0.46 Rs

2018: -1.98 Rs

Interest Income:

Represents the income earned by the company from interest on investments.

2019: -1.08 Rs (indicates an expense)

2018: -8.41 Rs (indicates an expense)

(Profit)/Loss from Investments and Securities Division:

Represents the profit or loss from the company 's investments.

2019: Not provided

2018: -22.17 Rs

(Profit)/Loss on Sale/Discard of Fixed Assets:

Represents the profit or loss from selling or discarding fixed assets.

2019: Not provided

2018: 295.75 Rs

Adjustment of Grant:

Represents adjustments related to grants received.

2019: -3.92 Rs

2018: -4.94 Rs

Guarantee commission:

Represents commission paid for guarantees.

2019: Not provided

2018: -1.45 Rs

3. Operating Profit before Working Capital Changes:**

Represents the profit generated from core operations before considering changes in working capital.

2019: -787.68 Rs

2018: -4,776.30 Rs

4. Adjustments for Working Capital Changes:

Inventories:

Represents the change in the value of inventories.

2019: 719.76 Rs

2018: 4,836.46 Rs

Trade Receivables:

Represents the change in amounts owed to the company by customers.

2019: 344.17 Rs

2018: 320.66 Rs

Other financial and non-financial assets:

Represents the change in other assets not categorized as inventories or receivables.

2019: 10.98 Rs

2018: -2,414.95 Rs

Trade Payables:

Represents the change in amounts the company owes to its suppliers.

2019: -42.36 Rs

2018: -1,364.09 Rs

Other financial and non-financial liabilities:

Represents the change in other liabilities not categorized as payables.

2019: 53.81 Rs

2018: 2,521.42 Rs

5. Cash generated from Operations:

Represents the net cash generated from the company 's core operating activities.

2019: 298.68 Rs

2018: -876.8 Rs

6. Less: Taxes Paid (Net):

Represents the net amount of taxes paid during the period.

2019: 0.62 Rs

2018: 1.45 Rs

7. Net Cash from / (used in) Operating Activities:

Represents the overall cash generated or used by the company 's operating activities.

2019: 298.06 Rs

2018: -878.25 Rs

Cash Flows from Investing Activities:

1. Interest Income:

Represents the income earned from interest on investments.

2019: 1.08 Rs

2018: 8.41 Rs

2. Sale of Fixed Assets:

Represents cash received from selling fixed assets.

2019: 1.7 Rs

2018: Not provided

3. Purchase of Fixed Assets (Including Capital Work-in-Progress):

Represents the cash spent on acquiring fixed assets.

2019: -1.33 Rs

2018: -166.81 Rs

4. (Increase)/Decrease in Fixed Deposits and Other Bank Balances:**

Represents the change in fixed deposits and other bank balances.

2019: 7.81 Rs

2018: 115.13 Rs

5. Profit/(Loss) from Investments and Securities Division:**

Represents the profit or loss from the company 's investments.

2019: Not provided

2018: 22.17 Rs

6.(Purchase)/Sale of Investments (Net):

Represents the net cash impact of buying and selling investments.

2019: Not provided

2018: 0.31 Rs

7. Net Cash from / (used in) Investing Activities:

Represents the overall cash generated or used by the company 's investing activities.

2019: 9.26 Rs

2018: -20.79 Rs

Cash Flows from Financing Activities:

1. Increase/(Decrease) in Non-Current Borrowings:

Represents the change in non-current borrowings.

2019: Not provided

2018: 87.27 Rs (increase)

2. Increase/(Decrease) in Current Borrowings:**

Represents the change in current borrowings.

2019: 933.05 Rs (increase)

2018: 1,838.04 Rs (increase)

3. Finance Costs:

Represents the interest expenses incurred by the company.

2019: -1,234.79 Rs

2018: -1,018.18 Rs

4. Payment of Dividend:

Represents cash payments made to shareholders as dividends.

2019: Not provided

2018: -1.99 Rs

5. Net Cash (used in) / from Financing Activities:

Represents the overall cash generated or used by the company 's financing activities.

2019: -301.74 Rs

2018: 905.14 Rs

Net Change in Cash and Cash Equivalents:

Represents the overall change in cash during the period, combining operating, investing, and financing activities.

2019: 5.58 Rs

2018: 6.1 Rs

Cash and Cash Equivalents:

At the Beginning of the Year:

Represents the cash position at the start of the period.

2019: 23.28 Rs

2018: 17.18 Rs

At the End of the Year:

Represents the final cash position after all cash inflows and outflows.

2019: 28.86 Rs

2018: 23.28 Rs