Financial Highlights & Corporate Responsibility slide image

Financial Highlights & Corporate Responsibility

GOKALDAS EXPORTS LIMITED 60 09 FINANCIAL HIGHLIGHTS CASH FLOW in Crores FY 20 FY21 Cash flow from operating activities Profit before exceptional items and tax Adjustments to reconcile profit before tax to net cash flows: Depreciation and amortisation expenses Provision for doubtful debts Provision For Export Incentives Receivables Other non-cash adjustments Operating profit/(loss) before working capital changes Changes in operating assets and liabilities: 10.4 26.6 54.8 52.6 5.1 9.0 (6.1) 28.6 26.7 92.9 114.9 5.7 3.8 Net cash flows from/ (used in) operating activities (A) Cash flow from investing activities 98.6 118.7 Purchase of property, plant and equipment (including intangible assets and capital work-in-progress) Proceeds from sale of property, plant and equipment (37.8) (36.2) 29.9 2.1 Investment in mutual funds (33.8) 0.1 Other elements Net cash flows from/ (used in) investing activities (B) Cash flow from financing activities Proceeds/ (Repayment) of short-term borrowings Payment of lease liabilities Finance costs paid 3.0 (38.6) 1.7 (32.2) 22.5 (27.6) (38.6) (30.1) (28.6) (28.5) Net cash flows from/ (used in) financing activities (C) (44.7) (86.2) Net increase/ (decrease) in cash and cash equivalents (A+B+C) 15.3 0.3 Cash and cash equivalents at the beginning of the year (24.8) (9.5) Cash and cash equivalents at the end of the year (9.5) (9.2) Reconciliation of cash and cash equivalents as per the cash flow statement: Cash and cash equivalents as per above comprise of the following Cash and cash equivalents Bank overdraft Balances per statement of cash flows 12.3 15.3 (21.8) (24.5) (9.5) (9.2) LIQUIDITY POSITION Increase in cash from operations helped to reduce the borrowings. The company has managed the cash flows well and managed the working capital better over the year.
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