Zylog Systems Annual Report

Zylog Systems Limited (ZYLOG) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Zylog Systems Limited

Zylog Systems Limited Balance Sheet (In Rs. Crores)

Particulars	As of 31 March 2016	As of 31 March 2015
ASSETS
Non-current assets
Tangible assets	41.17	210.48
Intangible assets	4.27	204.20
Capital work-in-progress	-	8.92
Intangible assets under development	-	54.47
Non-current investments	14.05	27.92
Deferred tax assets (Net)	13.24	-
Long-term loans and advances	3.59	25.22
Other Non current Assets	5.40	16.31
	81.71	547.51
Current assets
Current investments	0.01	0.01
Inventories	0.45	0.76
Trade receivables	66.03	165.64
Cash and bank balances	23.60	27.12
Short-term loans and advances	1.06	341.65
Other current assets	2.69	74.01
	93.84	609.19
TOTAL	175.55	1,156.71
EQUITY AND LIABILITIES
Shareholders’ funds
Share capital	29.50	29.50
Reserves and surplus	-982.41	-210.83
	-952.91	-181.33
Non-current liabilities
Long-term borrowings	30.60	151.76
Deferred tax liabilities (Net)	-	16.30
Long-term provisions	4.26	5.46
Other Non-Current Liabilities	-	0.18
	34.86	173.70
Current liabilities
Short-term borrowings	983.44	779.90
Trade payables	23.78	36.80
Short-term provisions	3.07	11.10
Other current liabilities	83.30	336.54
	1,093.60	1,164.34
TOTAL	175.55	1,156.71

Zylog Systems Limited Profit & Loss Statement (In Rs. Crores)

PARTICULARS	2016	2015
Revenue from operations	228.80	411.01
Other income	3.01	21.03
Total Revenue	231.81	432.05
Expenses :
Employee Benefit Expenses	43.21	149.70
Project related expenses	123.37	186.43
Operation and other Expenses	62.70	82.53
Finance Cost	0.50	15.56
Depreciation / Amortisation	16.56	174.07
Total Expenses	246.33	608.30
Profit Before Exceptional, Prior Period and Extraordinary items	-14.52	-176.25
Exceptional Item	-	-
Profit Before Prior Period and Extraordinary items	-14.52	-176.25
Prior Period Item	206.61	1.06
Profit Before Extraordinary items	-221.13	-177.31
Extraordinary Item	-	468.94
Profit Before Tax	-221.13	-646.26
Less: Tax expense
Current tax	3.95	2.19
Less:- Minimum Alternate Tax Credit Entitlement	-	-
Net Current Tax	3.95	2.19
Relating to Previous Years	-0.49	-
Deferred tax	-29.54	-11.15
Total Tax Expense	-26.08	-8.96
Particulars	20.16	20.15
Net profit after tax, before share of profit of associates	-195.05	-637.29
Share of profit of associates	-	-
Profit / (Loss) for the Period from discontinuing Operations	-195.05	-637.29
Net profit after share of profit of associates	-195.05	-637.29
No. of Equity shares (Face Value Rs. 5/- share)	5,89,928.40	5,89,928.40
Earnings per equity share:
Basic	-33.06	-108.03
Diluted	-33.06	-108.03

Zylog Systems Limited Cash Flow Statement (In Rs. Crores)

Particulars	31st March 2016	31 March 2015
CASH FLOW FROM OPERATING ACTIVITIES
Profit before Taxation	-221.13	-646.26
Adjustments for:
Depreciation and Amortisation expenses	16.56	173.96
Unrealized foreign currency (gain)/ loss	-	0.18
Bad debts are written off	-	0.22
Discarded tangible assets (written off)	-	19.45
Dividend income	-	-0.00
Interest expenses	0.50	15.56
Interest income	-0.07	-0.14
Prior period adjustments	-	0.73
	16.98	209.97
Operating profit before working capital changes	-204.14	-436.29
Adjustments for changes in working capital:
(Increase)/Decrease in Inventories	0.31	0.71
(Increase)/Decrease in Trade Receivables	99.61	452.01
(Increase)/Decrease in Short term Loans and advances and other current assets	422.85	41.49
(Increase)/Decrease in Long term loans and advances	21.63	0.80
Increase/(Decrease) in Other payables	-262.65	-124.00
Increase/(Decrease) in Trade payables	-13.02	-22.17
	268.72	348.84
Cash generated from operations before tax adjustments	64.58	-87.45
Taxes paid	-3.46	-2.13
Net cash from operating activities	61.12	-89.58
CASH FLOW FROM INVESTING ACTIVITIES	-	-
Purchase of Tangible Assets	-1.05	-0.33
Purchase of Intangible Assets	-1.59	-1.42
Impairment of assets	72.42	-
Interest receieved	0.07	0.14
Decrease in Intangible assets under development	-	-2.45
Increase in Capital work- in- progress	63.39	-
Amount transferred to reserves for the useful lives over assets	-290.21	-
Investment in subsidiaries	13.88	-
Dividend income	-	0.00
Proceeds/(investment) in Non current Deposits	-	-0.00
Net cash used in investing activities	-143.09	-4.05
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from issue of Long-term Borrowings	-	13.22
Repayment of Long-term Borrowings	-121.16	-122.38
Proceeds from Short-term Borrowings	203.54	214.41
Repayment of Short-term Borrowings	-	-5.27
Interest paid	-0.50	-15.56
Issue of Common stock in consolidated subsidiary	-	-
Net cash used in financing activities	81.89	84.41
Net (Decrease)/Increase in Cash and Cash Equivalents	-0.08	-9.22
Opening Cash and Cash Equivalents	27.12	31.18
Exchange difference on translation of foreign currency cash and cash equivalents	-3.43	5.16
Closing Cash and Cash Equivalents	23.60	27.12

Zylog systems Limited Key Financial Ratios

Particulars	31-Mar-16	31-Mar-15
Debtors turnover (in days)	185	147
Current ratio (%)	0.09	0.52
Cash and equivalents / total assets (%)	13.45	2.34
Cash and equivalents / total revenue (%)	10.32	6.6
Cash and equivalents / total cash expenses (%)	10.27	6.25
Depreciation / average gross block (%)	1.53	14.27
Operating profit / total revenue (%)	-1.86	-0.21

Zylog systems Limited share Dividend History

Particulars	2016	2015
Dividend per Share	-	-
Retained Earnings (In Rs. Crores)	-982.41	-210.83

Zylog systems Limited Recent Financial Performance

Revenue Decline and Cost Management : Revenue decreased from 432.05 Cr. in 2015 to 231.81Cr. in 2016 due to reduced operational income. However, effective cost management led to lower project and operational expenses.
Exceptional Item Impact : In 2016, a significant extraordinary item led to a notable negative impact on profit before tax, resulting in -221.13 Cr.
Tax Expenses and Net Profit : Both current and deferred tax expenses decreased in 2016 compared to 2015. Despite this, net profit after tax declined due to the influence of the exceptional item on profit before tax.
Earnings per Equity Share : Earnings per equity share, both basic and diluted, were notably negative in 2016, indicating a loss per share during the year.
Shareholder Equity and Shares Outstanding : The number of equity shares remained constant at 5,89,928.40 in both 2015 and 2016, with a face value of Rs. 5 per share. This indicates stability in the company 's equity structure during this period.

2023

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Zylog Systems Annual Reports, Balance Sheet and Financials

Zylog Systems Limited (ZYLOG) Return Comparision with Primex 40 Index

Zylog Systems Limited Balance Sheet (In Rs. Crores)

Zylog Systems Limited Profit & Loss Statement (In Rs. Crores)

Zylog Systems Limited Cash Flow Statement (In Rs. Crores)

Zylog systems Limited Key Financial Ratios

Zylog systems Limited share Dividend History

Zylog systems Limited Recent Financial Performance

Zylog Systems Annual Report

2023

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