Navneet Education : Futuretech Limited – 2022-2023

(Amount in Lakhs)

Particulars

Note

As at 31st March

As at 31st March

2023

2022

I

ASSETS

Non current assets

(a) Property, Plant and Equipment

3

62

43

(b) Intangible assets

4

2,001

1,038

(c) Intangible assets under development

5

416

-

(d) Financial Assets

(i) Investments

6

17,037

4,336

(e) Assets for non-current tax (net)

7

118

99

(f) Other non-current assets

8

51

-

Total non-current Assets

19,686

5,516

Current assets

(a) Inventories

9

54

27

(b) Financial Assets

(i) Trade receivables

10

111

312

(ii) Cash and cash equivalents

11

2

1

(iii) Other bank balances

12

19

14

(iv) Loans and advances

13

2

1

(v) Other financial assets

13

53

2

(c) Other current assets

14

531

157

Total current Assets

771

515

TOTAL ASSETS

20,457

6,031

II

EQUITY AND LIABILITIES

Equity

(a) Equity Share capital

15

25,888

2,363

(b) Other equity

16

(8,241)

(440)

Total equity

17,647

1,923

LIABILITIES

Non-Current liabilities

(a) Financial Liabilities

(i) Borrowings

17

-

2,472

(ii) Deferred Tax Liability (net)

18

499

-

(b) Provisions

19

100

134

(c) Other non-current liabilities

20

273

0.08

Total non-current liabilities

872

2,606

Current liabilities

(a) Financial Liabilities

(i) Borrowings

21

596

719

(ii) Trade payables

22

- Amount due of micro and small enterprises

47

34

- Amount due of others

333

276

(iii) Other financial liabilities

23

510

187

(b) Other current liabilities

24

391

139

(c) Provisions

25

60

149

Total current liabilities

1,938

1,503

TOTAL EQUITY AND LIABILITIES

20,457

6,032

Navneet Futuretech Limited

(Formerly known as Esense Learning Limited)

Balance Sheet as at 31st March 2023

CIN: U72200MH2008PTC181531

(Amount in Lakhs)

Particulars

Note

For the year ended

For the year ended

No.

31st March 2023

31st March 2022

I

Revenue from operations

26

1,614

1,049

II

Other Income

27

25

12

III Total Income (I + II)

1,639

1,061

IV

Expenses

Employee benefits expense

28

2,834

1,020

Materials consumed for rendering services

29

1

1

Purchase of stock-in-trade

189

15

Changes in inventories of materials & stock-in-trade

30

(27)

36

Finance costs

31

102

63

Depreciation and amortization expense

32

1,437

1,058

Other expenses

33

1,888

771

IV Total expenses

6,423

2,963

V

Loss before tax (III - IV)

43

(4,785)

(1,902)

VI

Tax expense:

-

-

Current Tax

Deferred Tax

-

-

-

VII Loss for the year (V - VI)

(4,785)

(1,902)

Particulars

For the year ended

For the year ended

A CASH FLOW FROM OPERATING ACTIVITES

31st March 2023

31st March 2022

(Loss) before Tax

(4,785)

(1,902)

Adjustments for :

Depreciation and amortization expenses

1,437

1,058

(Profit) / Loss on sale of property, plant and equipment

(466)

-

Interest Income

(14)

Bad debts written off

152

1

Reversal of Allowance for bad and doubtful debts

(93)

89

Unbilled Revenue

(27)

-

Finance Cost

102

63

Operating Profit before working capital changes:

(3,696)

(702)

Trade and other receivable

143

(33)

Inventories

(27)

36

Loans and advances and other bank balances

(454)

(146)

Trade and other Payable

876

348

Cash Generated from Operations

(3,158)

(497)

Income Tax received (i.e. TDS deducted by customers)

(19)

7

Net Cash inflow / (outflow) from / to operating activities

(3,177)

(490)

B CASH FLOW FROM INVESTING ACTIVITIES

Purchase of property, plant and equipment, change in capital work-in-

(2,909)

(1,473)

progress and intangible assets under development

Sale of property, plant and equipment

542

Interest Income

14

Loan / advances to subsidiary

(500)

Loan received back from subsdiary

500

Payment for investment in subsidiary Company

(2,277)

(586)

Payment for purchase of investment in associate company

(1,867)

Payment for purchase of other investments

(4,275)

(3,750)

Net Cash (outflow) to investing activities

(10,772)

(5,809)

C CASH FLOW FROM FINANCING ACTIVITIES

Proceeds from issue of optionally convertible preference shares

-

4,375

Proceeds from Redemption of Optionally Convertible Preference Shares

(6,675)

Proceeds from issue of Equity share capital

23,525

Working capital loan taken

14,000

10,750

Working capital loan repaid

(14,300)

(10,850)

Loan taken from holding company

1,100

2,472

Loan repaid to holding company

(3,572)

-

Expenses towards increase in authorised capital

(204)

-

Interest paid

(102)

(63)

Net Cash inflow from financial activities

13,773

6,684

Net increase / (decrease) in Cash and Cash Equivalents [A+B+C]

(175)

385

Cash and Cash Equivalents as at the beginning of the year

(18)

(403)

Cash and Cash Equivalents as at the end of the year

(194)

(18)

Net increase / (decrease) as mentioned above

(175)

385