Winmore Leasing Annual Report | Balance Sheet

Winmore Leasing And Holdings Limited (Winmore Leasing) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Winmore Leasing And Holdings Limited

Winmore Leasing and Holdings Limited Balance Sheet (Rs in lakhs)

Particulars	31-03-2023	31-03-2022
ASSETS
Financial Assets
Cash and cash equivalents	624.63	415.36
Bank Balance other than above	528.64	125.4
Trade Receivables	2,786.96	1,934.84
Investments	499.22	284.78
Other Financial assets	166.59	172.4
Total Financial Assets	4,606.04	2,932.78
Non-financial Assets
Inventories	29,149.23	27,855.17
Current tax assets (Net)	390.04	276.46
Deferred tax Assets (Net)	-	8.19
Investment In Property	3.68	39.92
Property, Plant and Equipment	8,902.51	9,468.08
Right of use of Asset	-	6.51
Other Intangible assets	9.25	16.5
Other non-financial assets	382.47	517.92
Total Non-financial Assets	38,837.18	38,188.75
Total Assets	43,443.22	41,121.53
LIABILITIES AND EQUITY
Financial Liabilities
total outstanding dues of micro enterprises and small enterprises	141.83	72.92
total outstanding dues of creditors other than micro enterprises and small enterprises	1,088.97	924.85
Borrowings (Other than Debt Securities)	10,770.80	14,490.70
Subordinated Liabilities	13,463.97	12,683.14
Other financial liabilities	1,680.37	1,338.68
Total Financial Liabilities	27,145.94	29,510.29
Current tax liabilities (Net)	82.4	-
Provisions	48.16	37.67
Deferred tax liabilities (Net)	16.89	-
Other non-financial liabilities	14,054.23	10,434.17
Total Non-financial Liabilities	14,201.68	10,471.84
EQUITY
Equity Share capital	99.89	99.89
Other Equity	1,215.91	350.09
Equity attributable to owners of the Company	1,315.80	449.98
Non-Controlling Interests	779.8	689.42
Total Equity	2,095.60	1,139.40
Total Liabilities and Equity	43,443.22	41,121.53

Winmore Leasing and Holdings Limited Profit & Loss Statement (Rs in lakhs)

Particulars	31-03-2023	31-03-2022
Interest income	23.61	26.53
Dividend income	0.72	1.48
Rental income	2,451.08	1,137.01
Net gain on fair value changes	4.14	2.01
Sale of Products	5,558.93	61.74
Sale of services	1,916.12	1,126.66
Total revenue from operations	9,954.60	2,355.43
Other Income	130.74	92.16
Total Income	10,085.34	2,447.59
Expenses
Finance costs	1,606.37	1,250.87
Cost of materials consumed	4,029.02	63.96
Employee benefits expenses	438.98	413.56
Depreciation and amortization expenses	770.3	830.74
Other expenses	2,307.05	1,400.90
Total expenses	9,151.72	3,960.03
Profit / (Loss) before exceptional items and tax	933.62	-1,512.44
Exceptional items	-94.06	-156.79
Profit / (Loss) before tax	1,027.68	-1,355.65
Current tax	112.15	96.18
Deferred tax	16.21	47.71
Income tax Earlier years	-	0.15
Net Profit / (Loss) for the year	899.32	-1,499.69
Remeasurement of net defined benefit obligations	-12.16	-0.07
Income tax expenses on Remeasurement of net defined benefit obligations	0.12	-
Net fair Value gain/(loss) on investment in equity shares	78.39	23.12
Income tax expenses on Net fair Value gain/(loss) on investment in equity shares	-8.99	-3.24
Total Other Comprehensive Income	57.36	19.81
Total Comprehensive income for the year	956.68	-1,479.88
Profit for the period attributable to:
Owners of the Company	808.17	-1,431.90
Non-controlling interest	91.15	-67.79
Other comprehensive income for the Period attributable to:
Owners of the Company	58.11	19.82
Non-controlling interest	-0.75	-0.01
Total comprehensive income for the period attributable to:
Owners of the Company	866.28	-1,412.08
Non-controlling interest	90.4	-67.8
Earnings Per Share - (Face value of ₹ 10 each)
Basic (in ₹)	90.03	-150.13
Diluted (in ₹)	90.03	-150.13

Winmore Leasing and Holdings Limited Consolidated Cash Flow Statement (Rs in lakhs)

Particulars	31-03-2023	31-03-2022
Cash flow from operating activities
(Loss) before exceptional items and tax	1,027.68	-1,355.66
Depreciation/ amortization	770.3	830.74
Profit/(Loss) on sale of property, plant and equipment	-4.04	3.23
Profit on Sale of Investment Property	-94.06	-156.79
Assets written off	1.95	0.03
Gain on Sale/fair value changes of Investments (Net)	-4.14	-2
Provision for doubtful debt/bad debt write off	-6.3	1.99
Sundry Balances Written Back	-14.9	-4.01
Fair Valuation of security deposit & lease	-10.1	-11.56
Interest expense	1,606.37	1,250.87
Interest income	-21.41	-26.64
Interest received on Income Tax refund	-19.15	-33.95
Provision for Gratuity	0.45	-
Provision for Leave Encashment	0.04	-
Operating profit before working capital changes	3,231.97	494.77
Increase / (Decrease) in Trade Payables	247.41	398.09
(Increase) / Decrease in Trade Receivables	-845.68	488.36
(Increase) in inventories	-726.52	-2,045.19
(Increase)/Decrease in other financial Assets	17.41	52.94
(Increase)/Decrease in other non financial Assets	130.45	31.71
Increase/(Decrease) in financial liabilities	102.25	2.23
Increase/(Decrease) in Non financial liabilities	3,700.54	-223.2
Increase/(Decrease) in Subordinated Liabilities	261.22	-343.61
Cash (used in) / generated from operations	6,119.05	-1,143.90
Direct taxes (paid) net of refunds	-225.55	-24.29
Net cash flow (used in) generated from operating activities	5,893.50	-1,168.19
Cash flows from investing activities
Proceeds from sale of Investment In Property	133.79	325
Sales/(Purchase) of property, plant and equipment, including CWIP and capital advances	-192.37	1,014.61
Purchase of current and non-current investments	-131.91	-8.8
Dividend received	0.72	1.48
Bank deposit	-403.24	-10.42
Interest received	19.26	199.34
Interest received on Income Tax refund	18.97	33.95
Net cash flow (used in) investing activities	-554.78	1,555.16
Cash flows from financing activities
Proceeds from issuance of preference share capital	-	10
Proceeds from borrowings	-	2,327.10
Redemption of Preference share capital	-73.76	-479.44
Repayment of borrowings	-3,709.16	-2,131.87
Interest paid	-1,346.53	-867.12
Net cash flow from financing activities	-5,129.45	-1,141.33
Net (decrease)/increase in cash and cash equivalents	209.27	-754.36
Opening Cash & Cash Equivalents	415.36	1,169.72
Closing Cash & Cash Equivalents	624.63	415.36
Components of cash and cash equivalents
Cash on hand	6.14	5.75
With banks- on current account	618.49	286.61
Fixed Deposits with maturity of less than 3 months	-	123
With banks – in Bank deposit restricted	528.64	125.4
Total cash and bank balance	1,153.27	540.76
Less: Fixed deposits not considered as cash equivalents	528.64	125.4
Cash and cash equivalents in cash flow statement	624.63	415.36

Here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Operating Activities:

In 2023, the company generated significant cash from operating activities, amounting to 5,893.50. This is a substantial improvement from the previous year, where the company used cash (-1,168.19) due to the loss before exceptional items and tax.

The improvement can be attributed to the significant increase in operating profit before working capital changes, from 494.77 in 2022 to 3,231.97 in 2023.

The company managed to reduce its trade payables and other non-financial liabilities, contributing positively to cash flows.

However, there was a significant increase in trade receivables in 2023 compared to the previous year, resulting in cash outflows.

Investing Activities:

The company used cash in investing activities in both years. In 2023, it amounted to -554.78, compared to 1,555.16 in 2022.

The proceeds from the sale of investment property and property, plant, and equipment were lower in 2023 compared to the previous year, contributing to the decrease in cash flows from investing activities.

Financing Activities:

The company used significant cash in financing activities, with net cash flows of -5,129.45 in 2023 and -1,141.33 in 2022.

The main contributors to cash outflows were repayment of borrowings and interest paid.

Net Increase/(Decrease) in Cash:

The company experienced a net increase in cash and cash equivalents of 209.27 in 2023, compared to a decrease of -754.36 in 2022.

Despite the significant cash used in investing and financing activities, the positive cash flows from operating activities resulted in a net increase in cash for the year.

Components of Cash and Cash Equivalents:

The company 's cash and cash equivalents primarily consist of cash in hand and balance with banks in current accounts and restricted bank deposits.

Dividend History

Particulars	31-03-2023	31-03-2022
Dividend paid	-	-
Retained earnings	-9,236.37	-8,723.01
Total	-9,236.37	-8,723.01

Considering the Financial Position of the Company, the Board of Directors of the Company has not recommended / proposed dividend for the financial year ended 31.3.2023

Winmore Leasing & Holdings Annual Report

Winmore Leasing And Holdings Annual Report 2022-23

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Winmore Leasing Annual Reports, Balance Sheet and Financials

Winmore Leasing And Holdings Limited (Winmore Leasing) Return Comparision with Primex 40 Index

Winmore Leasing and Holdings Limited Balance Sheet (Rs in lakhs)

Winmore Leasing and Holdings Limited Consolidated Cash Flow Statement (Rs in lakhs)

Winmore Leasing & Holdings Annual Report

Winmore Leasing And Holdings Annual Report 2022-23

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