Healthcare Network P&L Statement and Expansion Projects
MAX
Healthcare
Network Balance Sheet¹
(Includes Managed and Partner Healthcare Facilities)
Figs in INR Cr
Sep 2022
Particulars
Mar 2023
Sep 2023
7,462
Shareholders' Equity
8,070
8,623
815
Gross Debt
682
606
446
Deferred / Contingent Consideration Payable²
440
463
144
Put Option Liability³
150
84
137
Lease Liabilities (Ind AS 116)
139
147
(72)
Deferred Tax Liability/ (Deferred Tax Asset)
(50)
(16)
8,932
Total Liabilities
9,430
9,907
3,773
Goodwill
3,773
3,773
3,260
Net tangible Assets (incl. CWIP)
3,458
3,552
680
Intangible Assets (incl. brand and O&M rights)
681
692
205
Right to Use Assets (Ind AS 116)
203
206
1,000
Cash & Bank balance
1,565
1,993
452
Trade Receivables (Net) 4
434
546
84
Inventories
104
98
2
Investments
(524)
Net Current & Non-Current Assets/ (Liabilities) 5
8,932
Total Assets
2
2
(789)
(955)
9,430
9,907
1.
2.
2345
The intra-network dues and intangible assets on account of medical services agreements with PHFS are eliminated and fair value of assets & liabilities of PHFS (as on June
1, 2020) are recognised, with balance reflected under Goodwill
Represents fair value of long term liabilities towards fees / revenue share payable to Trust / Societies over the remaining contract period ranging from 20 to 82 years
Put Option Liability is for the purchase of balance stake (40%) in Eqova Healthcare Pvt. Ltd.
Represents DSO of 61 days. Increase is attributed to growth in revenue from insurance and institutional patients
5. Mainly represents tax refunds receivable, capital advances, provisions for retiral benefits and unfavorable lease liability recognized, PPA, dividend payable to MHIL
shareholders and includes Trade payable of INR 792 Cr at the end of Sep 2023 compared to INR 719 Cr at the end of Mar 2023 and INR 661 Cr at the end of Sep 2022 26View entire presentation